Red Rock Resources Share Discussion Threads

[jlondon] 09/5/2022 10:56

RRR tweeted today, Mon, 9 May 2022 relating to Bell speaking to the Exploration Mgr of
Cote d'Ivoire. I have a look to see if there is an update. Prior to the RRR RNS of Fri, 6 May 2022 relating to the Zimbabwe lithium project, this same said interview was repeated 3 times over 3 days. So, appears its is a holding tweet.

Got to wait or NOT wait for further update on the "CONGO MONEY BACK" statement from Bell with his detailed clarification.

On the other forum, HawaiiFiveO has posted today giving also the scenarios in his view of the Congo money back event.

--------Up to everyone to take their OWN view as to the Money Back from Congo. The markets are weak currently.----

The research has been done in as much as possible to see what projects, assets & prospects going forward on the main commodities RRR holds via JV's etc and CURRENT STATUS. In the IMMEDIATE TERM, the Congo news as said will be of interest to the
replenishment of cash in the books. As Bell said, the assets move with the underlying metal eg gold.

J.London, Mon 9 May 2022

[kemche] 09/5/2022 09:29

KAV - coming to a RRR near you soon.

[jlondon] 08/5/2022 21:41

By the way, APPLYING FOR A LICENCE and immediately on receipt of the
licences [2] in Zimbabwe, RRR has already SOLD 10% OFF to American High Net Worth investors.

In fact, the said investors were obtained BACK TO BACK on receipt of Zim licences.

It is UNHEARD of as licences cant be sold immediately. Why? Usually, licences are pegged and one has to wait for years before being able to sell them. Example, Havieron was bought once Newcrest didnt want them. It was sold to GGP years later.

Same goes for THR's Ragged Range licence in the Pilbara, Western Australia sold
by Ken Watson of Australia. Ken Watson happens to be the MD of RRR and Co-Founder of RRR with Bell. I checked the admission document of 2005 and Bell was Chairman and Ken Watson was MD -C.V mining entrepreneur and prospector. He specialises in pegging licences.

Not only that RRR has got an "ASSIGNED VALUE" for Zim licences which they just got from the govt of Zimbabwe.

Unheard of and the only logical reason I can find is that Acturus area is
so sought after, they can be ENCASHED straight away for "massive profits" as a Zim aricle said.

Sun, 8 May 2022.

[kemche] 08/5/2022 21:34

"ASSIGNED VALUE OF US$1M"

Who "assigned" that value?

"Cant say Bell didnt do something quite stunning relative to others?" 100% correct. You cannot.


"So, similarly, hope that it is AMERICAN PARTNERS coming in " I've just told you that it is Helpful and 2 other mates.

Spectrum alert.

[jlondon] 08/5/2022 21:28

Progress at Zulu, PREM. The mkt cap is £65m.
The minute Suzhou came in for 13% stake, it was home free as is norm in many of these lithium juniors.

Why? Usually, they will help out with further % stakes and it means that DFS,
etc would be financed. PREM has already said that the next negotiations would be
for the next stage.

Suzhou is helping PREM do the drilling extensions to life the JORC further, DFS and they are FAST-TRACKING to PILOT plant by early next year.

So, similarly, hope that it is AMERICAN PARTNERS coming in as life would be much easier and it will get more attention and funding etc.

Cant put 2 and 2 of what Bell said yet so got to wait.

It was better than I expected or hoped for especially the IMMEDIATE "ASSIGNED VALUE OF US$1M" which is quite unheard of in relation to LICENCES ALONE.

Colin Bird has not been able to RNS that there has been an "ASSIGNED VALUE" to his 51% licence in Zimbabwe. In fact, Colin Bird is going to do sampling etc next.

Cant say Bell didnt do something quite stunning relative to others?

J.London, Sun 8 May 2022. I am pleased as it would appear that Zimbabwe lithium for RRR underpins its small shell mkt cap of £4.5m. Hopefully, the money from Congo comes in and treasury will be much healthier.

[kemche] 08/5/2022 21:17

"Any wonder why RRR's Bell could get AMERICAN HIGH NET WORTH INVESTORS TO TAKE 10% FOR US$100,000"

Excellent research jlondon - as always.



Helpful, a long term fanatic and large holder of RRR:"There are no US investors; the $100k was me and two mates. Hopefully, it will do a couple more rounds and then list or we sell it."


"RRR has a MKT CAP of £4.3 Million or so. Just for the Zimbabwe lithium licence alone in A r c t u r u s , Bell could have SPUN out this on its own merits at
£5 million although NEW AIM RULES SAID NEW CO'S LISTED ON AIM MUST HAVE A MINIMUM MKT CAP OF £6M.

Means if RRR came to mkt today, it would have to list at £6m."

They paid £10,000 for it a couple of weeks ago so should be worth about £265m easily. Likewise they paid circa £36.48 for the Aussie licences which should easily be worth another £654m. Then the West African stuff for which they paid £85.67 should easily be worth another £723m.

etc, etc.....

[jlondon] 08/5/2022 21:05

algrnon2
Thank you.

I dropped by to look at another stock, Sun, 8 May 2022.

KAV
Yes, I saw that on LSE and the email etc. Good of you to share IF it comes correct.
That's the spirit of community as after all, we are all here as fellow stock travellers.

QUITE A BIT OF EXCITING THINGS TO SHARE:
[1] On LSE RRR, HaiwaiiFive0 shared that the $$ from Congo is the 1st thing we may hear if Bell is successful. Have a look as its on page 1 so no need to look at pg 2.
What I didnt know is that the litigation in Congo cost US$2 million and that RRR will get back costs!!

[2] Bell said he was going to Congo to Katie Pilbeam on Apr 29, 2022 Interview.
So, he may have gone. Just from logic, Bell must have spoken to the big cheese at the para State otherwise why bother going if it is to say please and cant get the US$5m already won? Bell said the $15m - equal licence /split properties , so maybe this is subject to negotiation ALTHOUGH the para State said - who do we pay to for the US$15m as we need to make sure. In a financial statement, Bell said we have provided documentation. So, here's hoping.

[3]EXCITING
I have been searching like a beaver for Zimbabwe lithium. Everywhere, it says that the Chinese investors are rushing in to get LICENCES and Zimbabwians know that they will obtain "MASSIVE PROFITS" from these licence applications.

The hot areas are ; BIKITA lithium mine, HARARE [capital town], Kamativi, Goromoni.
Hence, Colin Bird via GLR only managed to get a ==51% stake=== in Bikita/Kamativi mine area. However, GLR is a £13m mkt cap and earlier £15m. So, if one wanted to get into Zimbabwe lithium via Galileo Resources, one has to pay £13m mkt cap which includes tis and that. Cant buy pure lithium co with small MKT CAP.

RRR
As one poster on this forum said, HOW DID BELL GET A LICENCE NEAR A C A D I A lithium deposit sold to Houyou for US$422m?

In an earlier RNS, Bell said near Acadia. In the RNS on Fri,6 May 2022, it said
"A R C T U R U S " area.


ACADIA- It is 38 KM E A S T of Harare [capital] and lies in the veld near A R C T U R U S
gold mine.

A R C T U R U S GOLD MINE - 30 KM E A S T of Harare.
A R C T U R U S Village - 32KM E A S T of Harare.

NEW EXPLORATION A R E A OF PROSPECT [ASX] AFTER SELLING THEIR ACADIA LITHIUM MINE, ZIMBABWE.?

====N O R T H OF A C A D I A LITHIUM deposit.==

RRR LICENCE [1] ----" A R C T U R U S AREA."

Indeed, looks like the good high grade lithium is in this place. So, I gather
its NOT easy to get anything near Acadia / Arcturus.

I checked and found that RRR was covered by Market Watch [American ]coverage on their entry into Zimbabwe lithium. I checked for SPECIFIC NEWS ON A R C T U R U S lithium exploration etc.

Any wonder why RRR's Bell could get AMERICAN HIGH NET WORTH INVESTORS TO TAKE 10% FOR US$100,000 OUT OF THEIR ==75% STAKE=== IN 2 LICENCES ie Bikita [1] and A R C T U R U S [2]. More licences are going to be applied for per Fri, 6.5.22 RNS.

I checked Americans in Zimbabwe re: lithium? NADA. Only Bell got Americans to chip in. So, Bell will use this US$100,000 to put into the Zimbabwe subsidiary which means RRR doesnt have to come up with dough to fund the initial capital.

RRR Tweeted on Fri, 6 May 2022 stating THE ZIMBABWE LICENCES JUST OBTAINED
HAVE ======="an A S S I G N E D VALUE OF US$1 MILLION."====
LoL- what the Zimbabwiens said is T R U E because just licences alone dont cost a lot and its TURNED OVERNIGHT TO US$1M. I suspect that the Americans would want to see a INVESTMENT BANK VALUATION REPORT otherwise no one will come up with 1 penny.
So, the project must have got a "ASSIGNED VALUE" of US$1m so maybe less US$100,000 for selling 10% stake to the Americans. In Australia, Paterson, where Rio pegged their Winu, the workers had to use their credit cards to pay the A$60,000 licence fee because by the time they got back to HQ, the licence could have gone. So, in Oz, yes, it is a bit more pricey but I dont think it is very pricey in Zim relative to Oz?

CONCLUSION:
Cant say that Bell has no network otherwise how did he get a licence in the Arcturus area. Also, there is INTERNATIONAL interest in Acadia, which is considered to be a world's top 30 a/c to a British independent consulting Geo.

RRR has a MKT CAP of £4.3 Million or so. Just for the Zimbabwe lithium licence alone in A r c t u r u s , Bell could have SPUN out this on its own merits at
£5 million although NEW AIM RULES SAID NEW CO'S LISTED ON AIM MUST HAVE A MINIMUM MKT CAP OF £6M.

Means if RRR came to mkt today, it would have to list at £6m.

People are only interested in HOT sectors as spin outs. IF SOMEONE SPEAKS TO BELL, MAYBE RUN THIS IDEA PASS HIM. I am not sure we should spin it out but then RRR need a bit of $$$ to drill the minimum. I personally dont like JV's as value is
so much lesser? However, it cant be helped if one needs the $$ for drilling ie to JV and keep 51% [operator].

BEST CASE SCENARIO?
Once one sees the map and the Acadia mine in RRR's Arcturus licence, it will be
CLEARER. Why near Arcadia? ANSWER: HIGH GRADE . No wonder why Prospect is headed N O R T H OF ACADIA. In an ideal world, WHY NOT ADJACENT to Acadia which is even better? Answer: Must be impossible to get as every one knows now how
good it can be? Acadia is on farming land with soya beans grown on it before.

So, its struck me that maybe if we could all get a licence in Arcturus, we dont need to buy penny stock anymore. Alas, I dont think its easy to get it. What do I suspect?
I think the licences are NOT FORTHCOMING for any Joe Public otherwise PROSPECT would have got the NEXT DOOR to Acadia. Even when they owned Acadia, they would have known to PEG next door but I think it was NOT possbile to get it.

Acadia used a 3RD PARTY AGENT to draw investors and that is how they got Houyou.

BEST SCENARIO
RRR get 51% as operator and JV the other 25% with Americans having 10%.
Bell said he was going to get American partners. So, in came these American High Net Worth investors. So, did Bell also mean that the AMERICANS want in to JV as well? Got to wait as Bell said assays results next ONLY when the licence/s are
issued.

Americans in Zimbabwe lithium? That is a new one as cant find any Americans in the Zim news for lithium.

Best case -DRILL SUFFICIENT FOR BASE LINE JORC and go from there.
RRR themselves tweeted that they hope RRR ZIMBABWE "GROWS FROM AN INFANT."
So, not withstanding the money back from Congo as mentioned by Bell on 29.4.22 interview, RRR Zimbabwe could get a decent MKT CAP all on its own depending on
THE ASSAYS and one hopes that the assays will be just a bit better than PREM's Zulu, Zimbabwe at 1.1% Li20 [20Mt resource size JORC] and Acadia 37Mt [1.31% li20], Zimbabwe.

---------------So, yeah, Americans coming in means international investors
rather than Chinese only now.----------In the African diamond rush, SWISS AND JAPANESE went to the river side to buy diamonds off the sellers, so there is precedent that quality attracts international middle men buyers etc.--Same logic here.

J.London Sun, 8 May, 2022
Got to rush off so not editing.

[space_dust] 08/5/2022 20:48

Decent post from LSE....




HawaiifiveO

Increasing volume / interest


It is pretty clear that there appears to be more interest in Red Rock over recent weeks, it is for a reason as there is a weight of news-flow ahead and in particular a number of potential value events ahead as I commented on in a earlier post.

Bell has said he is going out to the Congo to pursue the 50.1% of $15m cash sitting there held by a third party, Red Rock has also (separately) won 50.1% of $5m + $2m in costs, in all a potential £9.6m at current exchange rates - the current m/cap is barely £5m

Then there is the upcoming float of Elephant Oil which could be worth £2m or even £3m.

What other AIM company are pursuing such a sum of near term cash, it equates to nearly 3 times the current market value alone.

Then add the projects and investments, 37m POW and 1m+ JUNO shares, worth £1m+, add in Kenyan gold (JORC 800,000oz) Congo licences in very prospective areas (including a potential $200m legal claim against a major mining company) the lithium licences in Zimbabwe, the $8m royalty concerning Mt Ida project.

So the above is why interest is building, the bashers here have valid reasons to be bitter but they must have pressed the buy button for a reason at far far higher levels and need to accept they bought in at the height of the last bull market if they have major losses or been wiped out, this has not happened over the last 5 years as the RRR share price has ranged between .25p and 1.3p more or less in line with the sector.

To conclude, now is the time to buy Red Rock, the upside significantly outweighs the downside IMO.

[kemche] 08/5/2022 20:22

Algernon, What have I done.

I certainly hope he doesn't stop posting. I find his deep research most illuminating, like the following:

"It does not take too long to fly from London to Congo. Mr Bell will return with cash for US5m already awarded + US$15m OR as he said to Katie of Proactive "

When has Bell EVER failed to do as he said? Never!

[algernon2] 08/5/2022 19:49

JLondon, it would be shame if you stopped posting. I have spoken to Kemche about his behaviours. Time will tell if it has had any effect

For those of you/us also invested in KAV (Kavango) it appears from the scuttlebutt on the ADVFN and LSE sites that there may be some interesting IOCG news shortly?! Watch that space.

Happy weekend end folks. Algernon.

[2mex] 06/5/2022 21:30

kemche, even with a small percentage of that recovered, makes the current share price look ridiculous.

[kemche] 06/5/2022 20:57

US$125 Billion in situ value in the ground!!!!!!!!!!!!!!!!!!

Imagine its value out of the ground!!!!!!!!!!!!!!

The mind simply boggles!!!!!!!!!!

32 August 1838

[2mex] 06/5/2022 20:46

US$250m or roughly £200m gives share price of 16.7p (38x the current share price) based just on cash.

Lower outcome is the current litigation: if we take 50.1% of the $15m (approx $7.5m) and add the already awarded $4.5m it provides $12m or £9.7m.

£9.7m would give a share price of 0.8p based just on cash.

So low projection doubles the share price, higher outcome 38 bag.

[kemche] 06/5/2022 20:29

If we get only half of the US$125 Billion then the returns to shareholders will be life altering!

GLA LTHers!

[2mex] 06/5/2022 20:23

Copper-cobalt Congo partner wrongly sold RRR assets for $20m.
RRR so far have awards of $4.5m plus costs but RRR is also claiming a substantial part of the unpaid consideration of $15m which has been retained by the purchaser, pending legal clarification that RRR believe has now provided.

"..RRR believe they have a legitimate interest in the on-sale of those assets at a very large mark-up.."

The very large mark-up, I think Jlondon has eluded to:

"RRR's Consultant Geo: US$125 Billion in situ value in the ground -83 holes assays,750 pages reports and historical data."

"A.Bell, CEO on 29.4.22 interview post interims said "FIT for US$250m" litigation outside Congo."

If the stated "very large mark-up" is based on the above cited by Jlondon, then we are perhaps looking at 15x the original claim, leading to a 38 bagger +

[kemche] 06/5/2022 16:30

Yippeee - confetti time!

[jlondon] 06/5/2022 16:17

algernon2
I was OUT - lunch and all that.
I have just seen the news about lithium.
I am looking for who the Canadian co Bell mentioned. I know who the AIM co is who has also gone in to Zimbabwe.

I am thinking that its best not to post on this forum any more, hence why I was quiet.
I did not appreciate the Rata lin comment. I did not even know what it was and had to look it up. Not used by you by the way, algernon2.

I am waiting for Bell to give us more details hopefully via an interview.
I am not aware that other co's can get AMERICAN HIGH NET WORTH INVESTORS into their Zimbabwe lithium subsidiary.

The other AIM co is Colin Bird's and he has only a LICENCE NEAR BIKITA MINE.
Bell has managed to get near ACADIA where Huyou PAID US$422 MILLION for recent as Bell also elucidated.

I do not know if Bell got NEAR OR NEXT DOOR TO ACADIA and this may be the reason why Bell managed to get AMERICAN HIGH NET WORTH INVESTORS to buy into his Zimbabwe subsidiary of which RRR owns 75%.

Assays are due.

Fri, 6 June 2022 @4:20pm. Not editing as got to run.
========LOOKS LIKE NO INVESTORS WANT TO POST ANYMORE ON
THIS FORUM.============

[kemche] 06/5/2022 16:03

Algernon, will you please behave!

[algernon2] 06/5/2022 15:57

Excellent use of the Math part of the Human brain there Kemche with post 12306. I am on a work break at the moment so my attention is severely limited. Would the Ritalin you mentioned earlier help me perchance, and does Jlondon or yourself have any spare?
Please advise.

[2mex] 06/5/2022 15:45

A lot of cash coming to Red Rock. They are way undervalued. Chart showing strength at this level.


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[kemche] 06/5/2022 15:13

Huuuuge news. HNW just invested in Zimbabwe (North Africa) Lithium play for $100,000 for a 10% stake and therefore it must be worth £350m!

35 April 1981

[kemche] 06/5/2022 09:34

Where's Ritalin boy today?

23 November 1976

[algernon2] 06/5/2022 09:29

Whats the NEWS today JLondon?
I get nervous now when you go silent.
Off to work now, not looking forward to it. Wish I was rich and then I could just go back to bed.
Will look in at Lunch-break if they let me.