Red Rock Resources Share Discussion Threads

[noirua] 13/6/2022 17:18

The results from early drilling at Mount Bute in Victoria were not good. However, Red Rock is all about cash for Musonoi area 1, DRC, and the IPO of Elephant Oil Corporation on the Nasdaq. Quite fortunate really compared to other exploration miners so though I see Power Metal falling further Red Rock should prove to be oversold. Red Rock's market capitalisation is far lower than Power Metal's.

So mildly upbeat on Red Rock.

[noirua] 12/6/2022 12:10

Robert Kiyosaki warns about the biggest stock market bust in the history of the world. Is the 80% crash finally here?

Robert T. Kiyosaki is an American businessman, investor, and best-selling author. One of his most popular books is “Rich Dad Poor Dad” and it’s a great educational tool on the way to financial freedom. Kiyosaki has been known for revealing the truth about money and finances that isn’t taught in any school.
31 May 2022

[noirua] 12/6/2022 12:01

Juno Minerals ASX: JNO

[noirua] 10/6/2022 19:18

At the present time, Red Rock and Power Metal have as much chance of a very successful flotation of NBGC as they have of frying an egg on an iceberg. - The market can reverse quickly but timing it is near impossible accept as a punt more by accident. Some think disaster must befall economies and probably will - your call. What will gold do? In 1973/75 gold shares doubled or more in price. In 1987/88 they crashed. So it's a gamble.

However, Elephant Oil Corporation should eventually IPO even if it is in slow motion. Should give Red Rock a good share to hold and maybe very much more than was expected a few years ago. What Chairman Matt Lofgran is doing beats me but maybe one day EOC will appear on his Twitter page - in love with NTOG I suppose.

Well AB is firing on all cylinders over there in DRC and no doubt being fluent in French is a must at a meeting inclusive of Gecamines where legal matters require a fair bit of knowledge. Would be awkward to have to hire an interpreter and legal representative.
Anyway, I hope he has good fortune through his efforts over there in getting good assets and a reasonable amount of Spondulix.

Getting any cash from Kenya, and El Limon will be long drawn out.

If Mount Ida ever comes to anything it will be worth a great deal if the iron ore price holds on up for several more years. Mount Mason will run on providing cash for the development of Mount Ida probably up to 2026. So anyone still around, iron ore price permitting, should/could/might see bountiful rewards.
Helping will be the battles in the war in Ukraine. All these tanks etc., and missiles will need to be replaced and war planes. Most countries especially Germany and the United States will have to massively bolster up armaments.

There are other interests that might hit lucky, who knows?

Good luck - how I see it at the moment.

[noirua] 10/6/2022 11:00

Stock market crash

2.1 Tulip Mania
2.2 Panic of 1907
2.3 Wall Street Crash of 1929
2.4 October 19, 1987
2.5 Crash of 2008–2009
2.6 2010 flash crash
2.7 2015–16 Chinese stock market turbulence
2.8 2020 coronavirus stock market crash

This is a list of stock market crashes and bear markets. The difference between the two relies on speed (how fast declines occur) and length (how long they last). Stock market crashes are quick and brief, while bear markets are slow and prolonged. Those two don't always happen within the same decline.


1973–1974 stock market crash

[noirua] 09/6/2022 11:45

Red Rock does need a confidence booster 'fiducia cursus'. If AB said, he hasn't, that $1 million would be returned to shareholders as a cash return, confidence in Red Rock and the man himself would rise significantly - is there a hope in hell of this happening?

[noirua] 08/6/2022 22:01

Obtaining cash and more tenements is upbeat for Red Rock. Much of the money will remain in DRC for exploration costs. Some cash will return to the UK though at this stage it will just take away further thoughts of cash raising. It doesn't look as if RRR shareholders will see a dividend just yet.
Hopefully, matters will go well this time and not be disasters as occurred with Greenland, Steelmin, and Amulet.

[mininglamp] 08/6/2022 08:12

Mr Bell was interviewed yesterday, he has gone to Congo with the aim of collecting the cash Red Rock is rightfully owed, a sum IRO of $10m, the result of his journey will be forthcoming next week he suggests.

The seems pretty sure he will get a decent slug of the money.

[mininglamp] 08/6/2022 08:07

The news today from ECR (Multiple High Grade Gold Intercepts) is good for RRR and POW, their licences are right next door in Victoria, as a result it should add further value to the upcoming IPO of New Ballarat Gold where RRR own 51%.

[noirua] 07/6/2022 17:18

Soma Gold - El Limon
VANCOUVER, BC, June 7, 2022

[noirua] 07/6/2022 08:35

A state of panic swept through the lithium market last week, following bearish reports from the likes of Goldman Sachs and Credit Suisse.
www.australianresourcesandinvestment.com.au/2022/06/03/cool-your-jets-the-lithium-market-will-be-okay/

[noirua] 07/6/2022 08:07

Juno Minerals Limited - INVESTOR PRESENTATION 7 June 2022:
Central Yilgarn Iron Ore Project

[noirua] 04/6/2022 14:04

GOLD and the Dollar:

[noirua] 01/6/2022 16:11

When it comes to a low grade gold discovery these are the type of results Red Rock needs in Kenya
Below drilling results taken from First Majestic Silver Corporation.

Waterpipe II:
WT-156: 1.91 g/t Au over 18.2m, starting from a depth of 82.3m; 1.37g/t Au over 22.9m starting from 109.7m and 1.57g/t Au over 12.2m starting from 138.6m
WT-192: 2.06 g/t over 13.7m, starting from a depth of 25.9m
WT-200: 1.82 g/t Au over 35m, starting from a depth of 57.9m and 0.95 g/t Au over 15.2m, starting from a depth of 97.5m down hole
WT-209: 1.45 g/t Au over 21.3m, starting from a depth of 60.9m and 1.96 g/t Au over 19.8m, starting from a depth of 242.3m down hole

Wheeler:
WH-49: 1.27 g/t over 15.2m starting from 35.1m down hole
WH-068: 1.37 g/t Au over 38.1m starting at 109.7m down hole
WH-073: 1.14 g/t over 15.2m starting from 216.4m down hole

[noirua] 01/6/2022 09:54

For those of us who are shareholders in Jupiter Mines Limited ASX: JMS, my purchase was at 21c, we have seen excellent dividend returns. The last half year dividend was 1c equating to 4.76% - an excellent return in these difficult inflationary times.
The JMS webpage remains at

Red Rock has only a small interest in Jupiter.

[noirua] 31/5/2022 14:06

Trading in recent weeks does show that opinions vary on the outcome of the Musonoi debacle as to whether the outcome will be good enough for shareholders. I don't doubt the efforts put in by the company's Chairman Andrew Bell on this one and that he is the only person who can sort this out. A mess that appears on the face of it to be totally the fault of Red Rocks' partner VUP SA - a deliberate illegal act under DRC Law.

One thing we do not know is if the partner VUP SA, any person or director, has scarpered with the cash.

---

The Commercial Court of Lubumbashi issued an executory judgment ordering VUP SA in January 2022 that the company's partner, to pay $2,000,000 as damages, with costs.

That followed the earlier judgment for payment of a principal amount of $2,505,000, representing 50.1% of the payment already made by a third party to VUP SA.

[noirua] 30/5/2022 09:28

Quarterly Activities Report to 31 March 2022 - Mount Mason and Mount Ida
Juno Minerals

[noirua] 28/5/2022 12:51

The Morgan Report: Be Selective In Your Mining Companies If Inflation Continues
24 May 2022

[noirua] 28/5/2022 12:09

Marc Faber - a minutes music at the start:
An hour of historic thought and views.

Recorded before the Ukrainian war.

[kemche] 26/5/2022 19:57

Wherein, try asking Helpful if he knows!

38th Octobruary 1648