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RRR Red Rock Resources Plc

0.0575
-0.0075 (-11.54%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc LSE:RRR London Ordinary Share GB00BYWKBV38 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0075 -11.54% 0.0575 0.055 0.06 0.065 0.0525 0.07 124,198,674 15:09:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 0 -2.67M -0.0011 -0.55 1.49M
Red Rock Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.07p. Over the last year, Red Rock Resources shares have traded in a share price range of 0.0525p to 0.285p.

Red Rock Resources currently has 2,480,597,791 shares in issue. The market capitalisation of Red Rock Resources is £1.49 million. Red Rock Resources has a price to earnings ratio (PE ratio) of -0.55.

Red Rock Resources Share Discussion Threads

Showing 46601 to 46624 of 51850 messages
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DateSubjectAuthorDiscuss
20/5/2022
14:17
It's almost as if no one believes a word anymore. Not a single word.

How many podcasts does the poor man have to do?

kemche
20/5/2022
14:05
kemche - 20 May 2022 - 12:31:25 - 12407 of 12408 RED ROCK RESOURCES PLC - Information Thread - RRR
We could really do with some deep research here.

38 Octobruary 1928


Search parties are being reinvigorated in their search for AKA Torp. kemche, I have to say that without Morecambe though is not so Wise.

Back on business. The last broadcast by AB gave us no advancement on the situation concerning the $5 million the Congo court awarded to Red Rock.

Share trading has been quite odd and if those large trades were flips it was done in an amateurish manner with a wide real spread.

Otherwise matters wander on much as before.

noirua
20/5/2022
11:31
We could really do with some deep research here.

38 Octobruary 1928

kemche
19/5/2022
14:18
Gold price on 'cusp' of $2k rally, here's how not to miss it – Bloomberg Intelligence
Anna Golubova Anna Golubova
Wednesday May 11, 2022 17:50


A sudden improvement late on in the gold and silver sector across the pond. It will be interesting to see if it will hold. Talk of some US funds having reduced their normal equity holding and increasing their precious metal equity percentages.

noirua
19/5/2022
11:50
What makes it a certainty that Mikei will not float or be of interest in the short term is the performance of Caracal. Caracal floated at 1p and reached a heady 1.7p but is now back at 0.725p - a fall of 57%.

The Australian assets are also hit by the market in general. The strength of the US$ against the AU$ is good but the decline in the gold price and sector in general is downbeat in Australia and very downbeat in Canada and the USA.

noirua
19/5/2022
11:42
"Copper, graphite and nickel to surpass lithium demand over the coming decades."-7 hrs ago, Thur, 19 May 2022

Link:

nlaggers shows a tweet from Neil Hume, FT Natural Resources Editor with the tweet and chart: "CONUNDRUM FROM ANGLO AMERICAN'S NEW CEO. Chart: 60 new copper mines the size of Quellqueco needed by 2040."

Think there is a link to the article as it shows a link in blue?

jlondon
19/5/2022
11:00
"After a disappointing May start, gold could be on a cusp of a major breakout above $2,000 according to Bloomberg Intelligence. RRR advancing gold projects around the world."- 1 hr ago from Red Rock Resources on Twitter.




Personally, I think gold underpin as a small % of portfolio is of interest?

jlondon
19/5/2022
10:39
Some "supergene enriched" research Jlondon. Thank you as always.
Anyone here going to the next KAV AGM that must be forthcoming in the next few months?
(June?) Would be good to put faces to a few names.
Algernon.

algernon2
19/5/2022
09:07
"COPPER SUPPLY GAP BY 2035.
We are going to need more copper in the next 20 years that we have
used in the PAST 130 years." 18 May 2022.

Link:

[Shows screenshot of the charts and cites the source as : CRU]

My comment:
I have just seen the above so posting given the rest, were very recent but I
did not take them down as I assume everyone knew. So, above is evidence of
what Robert Friedland, mining legend also said in the recent Indaba conference.

jlondon
19/5/2022
08:50
For Balance:

[1] Gold in OTHER currencies are rising.
Source: Its everywhere on Twitter with charts & more than one source.
In general, for as long as the ASIC is much, much lower than the current gold price,
extraction is still profitable. Otherwise, all gold exploration will end which is
not the case currently.

[2] Copper
Refer to the latest Indaba conference and what Robert Friedland, the mining legend said of copper demand and supply.

[3] In the latest interview given by Andrew Bell, Chairman of RRR to Stockbox Media yesterday , 18 May 2022, he refers to more MATURE ASSETS:

For example Kenya Migoric has a JORC of 723,000 ounces of gold with a exploration target further out.

Congo Musonoi, is also a key and mature asset. This is subject to return of money or rather refered to as Money from Congo, in the interview with Proactive recently, both of which are to UPDATE on Interims RNS of 29.4.22

[4] ROYALTY at Juno
This refers to Mt Ida, Western Australia which is also going to complete
the DFS - see how many % already done much earlier.
Source: Latest RNS/ANN from Juno.
Link: hxxps://hotcopper.com.au/asx/juno/

Mt Ida
The MD of Juno said in the Juno interims of Mar 2022, there is RENEWED interest in
magnetite iron ore.

The MD is referring to Gina Rinehart buying into MT BEVAN [magnetite] next door or near
MT MASON, Juno [hematite iron ore].

Further, latest results from SINO, the largest magnetite mine has turned in some $1.3bn profit, futher spurring interest in magnetite.

This was NOT discussed by Mr Bell at this juncture. However, mentioning this
due to comment elsewhere.

Thur, 19 May 2022.
Please check and do due diligence. DYOR.

jlondon
19/5/2022
08:34
A Beginner's Guide to Mining Stocks
By ANDREW BEATTIE -Updated March 18, 2022


Always worth rereading the obvious as we can easily forget ourselves and move into a trap. Trap meaning holding shares or interests that plunge in price/value and are probably not worth selling, or it seems that way. The trap is set as one becomes stuck with them. One bought in 1983 for a quick profit - finally sold/disposed of in 2008/10.

noirua
18/5/2022
23:20
RRR have few Jupiter shares left and the iron ore royalties left with Juno. Anyway, here is an article:
May 16 2022

noirua
18/5/2022
16:51
Sorry, wrong thread.
I clicked on the external ADVFN RRR and came to this thread.
Instead, I should go to RRR thread and look for my own thread to post.

18..5.22

jlondon
18/5/2022
16:12
Red Rock Resources - CEO Andrew Bell Updates on Activities Across the Company #RRR
18 May 2022


[ With the gold sector still declining it would be chancy to go for a listing for any of the company's gold assets in these dreadful markets. The EOC IPO is taking a long time so I hope they act soon. The copper price has reversed with worries over a slowdown in China.]

noirua
18/5/2022
16:10
It's awe inspiring.
But RRR still down.
But otherwise great.
73 July 1921

kemche
18/5/2022
15:59
Andrew Bell, Chairman, RRR interview @Stockbox Media, Wed, 18 May 2022:

"RRR CONGO
"Key asset, sadly entered, pursuing. ALREADY ENTITLED 50.1% of $15 Million."

The 2nd part is as above.

My Comment:
In an interview, NO price sensitive info is allowed to be disclosed.
So, relating to the $15m, IF ANY NEWS/update, that has to come via an RNS.

As for the initial $5m already awarded, one also waits to hear as that also
is pending enforcement of award.

So, got to wait and see what Mr Bell meant by "interesting year" as he ended the interviw which was to update on the latest interim results of 29.4.22.

Kindly check and listen for oneself as there can be errors etc.

jlondon
18/5/2022
14:30
MiningLamp @18 May 2022.
Thank you for the link - it is the most inspiring story from the AIM market ie Paul Johnson made most of his money from RRR in 2010.

jlondon
18/5/2022
14:07
Paul Johnson made most of his cash out of Red Rock in 2010, anything can happen on AIM, interesting that the last two and recent multi bag stocks were two of the most disliked in the sector PREM & VAST




Share_Talk ™

@Share_Talk
·
2m

“From famine to feast” A catch-up with @pauljohnson9691 CEO at @PowerMetRes
Paul started in December 2008 with a small portfolio and by 2010 had secured a +150x return on his original portfolio

via
@PKF_Littlejohn

mininglamp
18/5/2022
13:02
In case Noirua says to call RRR HQ, RRR themselves tweeted the Andrew Bell
interview today, Wed, 18 May 2022 at

"Update on Zimbabwe" etc by Andrew Bell, Chairman, Red Rock Resources, 18 May 2022:
[Stockbox Media interview]:

[1] RED ROCK ZIMBABWE -75% with 10% to American High Net Worth Investors.
"Extremely busy.
Lithium in Zimbabwe, best destination, big producer, good grades,
development co - enough money for next stage or two. More licences.

[2] RED ROCK AUSTRALIA IPO [JV WITH POW]
"Moving to listing stages. Exceptional team, place high value for the team. Proud of that. Good licences, exceptional management. Delay in licences -lockdown severe in Victoria [covid].

[3] RED ROCK CONGO - MUSONOI Copper/Cobalt, DRC.[50.1% JV]

"Key asset. Sadly entered pursuing - ALREADY ENTITLED 50.1% OF $15M.
FLIPPING, same transaction $150-$250 Million pursuing for some time to come ie litigation , ABITRATION."

[2Mez can perhaps check again the translation as hard to hear about the $150m part.
However, from the SENTENCE of $150-$250m "pursuing for some time to come ie litigation, ARBITRATION" appears to apply only to this given even with ENRC, arbitration [international] took a bit of time but not sooooo long - kindly check.

[Bell does not mention the $15m with detail but I did NOT take it that this is pursuing for some time to come but rather the $150-250M, so others will have to CHECK as its hard to listen and take notes]?

[4] RED ROCK KENYA MIGORI GOLD

"Further drilling. Got licence back -litigation a yr and half ago [arbitration].
Larger drill, more expense - MAJOR PARTNER sought. Starting to do so ie seeking partner.
Bell in investment banking and other colleague. Not overnight, start process."

[5] RED ROCK -ELEPHANT OIL [INVESTEE]
"Looks like worth a LOT OF MONEY. "

[6] RED ROCK FASO
"Educate people, what's there, value x, y. Run by West Africans, public listing?
[not sure I heard correctly about public listing?].

[7] "INTERESTING YEAR." -Andrew Bell, 18 May 2022 [Wed]

Kindly check. J.London Wed, 18 May 2022.

jlondon
18/5/2022
12:19
Still pursuing, may be doing so for "..some time to come."
algernon2
18/5/2022
10:24
Has he provided the bank details to the DRC counterparty yet? Was he not going to come back with the money?
kemche
18/5/2022
09:44
On London South East RRR forum, a poster kindly provided a Stockbox Media interview from Andrew Bell, Chairman, RRR on the latest developments of the co and project, post recent Interim Results RNS.

The projects covered:
[1] Zimbabwe Lithium
[2] Australia listing [IPO] -Gold
[3] Congo - 2 aspects.-Copper/Cobalt
[4]Elephant Oil listing [IPO]
[5] Kenya - Migori gold
[6] Faso -Gold

Wed, 18 May 2022.

jlondon
17/5/2022
01:04
Well worth following RRR on Twitter. Regular updates.
alannlane
16/5/2022
11:13
Red Rock Resources - Kenya MIGORI gold.

RRR Annual Report 2020

"£5.28m reduction in impairment & write back.
Shareholders funds rose from £9.529m to £13.915 million.

Total ASSETS £12.362 Million to £18.60 Million.

"Advanced discussion with Chinese enterprise to a sale & JV in Kenya."

Comment:
On the other forum there has been so much comment but the facts are as above from
RRR's Annual Report of 2020. This project was returned back to RRR from the Kenyan govt. It has a JORC of 723,000 ounces of gold @1.49 g/t gold.

So, at 1.49 g/t gold, these are NOT considered under-par at all. Many projects show under 1g/t. Secondly, Migori upon return has been written back into the balance sheet at =£5.28m==. In other places, the potential is for 1-2moz although it could go to 3-4moz.

So, hence pays to check rather than .... DYOR. Please check. So, I am trying to go through all the interim results and Annual Reports to check on the various other assets of RRR as opposed to what others say which does not appear to come from the
co's books [annual reports/interim report of financial statements].

SHARE PRICE
Still the same for live price as I quoted above.

Mon, 16 May 2022.

jlondon
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