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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0005 | -1.04% | 0.0475 | 0.045 | 0.05 | 0.0475 | 0.0475 | 0.05 | 11,156,303 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -2.67M | -0.0011 | -0.45 | 1.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
11/7/2022 07:54 | With the Exec Chairman only returning to the UK at the weekend, the Nomad, broker not at their desks one would suggest the expected update concerning Congo will come later today. One wonders how many know of the consequences of the news, Red Rock is poorly followed, maybe some shrewd individuals may take advantage early doors. | greekhovel | |
10/7/2022 20:19 | Is the market in for a positive, very positive or exceptionally positive surprise tomorrow. One has to hand it to Bell if he has achieved success in getting his hands on a very significant sum of cash then fair dues, it could not have been much fun sitting around in a hotel room for nearly 5-6 weeks in the Congo. Having viewed a number of his interviews historically he did seem to be beaming like a Cheshire cat on Friday, much changed from his normal grim faced persona. For onlookers new to Red Rock he was pursuing $12m in cash, $4.5 won via court action from a former JV partner and $7.5m owed by a subsidiary of a major mining company. Red Rock is currently valued at only £5m. | grimreaper2019 | |
08/7/2022 21:16 | Monday morning announcement? | sportboyslima | |
08/7/2022 16:22 | Good news, Mr Bell has achieved what he went to the Congo for, collect up-to $12m, he looks happy and says he cannot say anymore until next week. | mininglamp | |
08/7/2022 14:19 | Now a interview with Paul Johnson who seems to be very enthused about New Ballarat Gold all of a sudden where Red Rock have a 51% stake. A IPO is planned. The commentary is 8 minutes in. | mininglamp | |
08/7/2022 13:49 | There is some bullishness over at the other place, the line of thought being that Mr Bell would not extend his stay in the Congo if progress on collecting the $12m (or part thereof) was not happening. I would tend to agree, one wonders if Mr Bell is driving a hard bargain on the replacement licence also, only time will tell. Worth noting that Mr Bell is pursuing cash equal to double the current market value of the entire company. In current markets cash is king. | mininglamp | |
08/7/2022 09:29 | AB has said Red Rock is worth 10p a share but past progressions mean his view is ignored completely. As long as no one sees RRR getting $100 million for Musonoi we can settle down to a more realistic view of this dilapidated mining/ exploring space at the moment. If RRR gets close to 1p that would be about right as China cuts back on steel production with the coming recession and war in Ukraine. | noirua | |
08/7/2022 08:05 | Noticed a post on LSE early doors this morning, looks like the $8m royalty for Mount Ida is drawing closer, this royalty could be sold to a royalty company if Red Rock do not want to wait as project progression gains momentum. | mininglamp | |
07/7/2022 12:11 | Wanting 0.422p to buy RRR at present. If DRC goes to plan some may well be kicking themselves quite soon. | noirua | |
06/7/2022 17:48 | "There is no guarantee of success" Oh pish-posh Ettie! With you in charge???? You kidder you! | kemche | |
06/7/2022 17:46 | Initial payment upon transfer of A$20,000 That is probably worth £385 million easily. So he has purchased about 10 assets for about £56.35. Whoosh! | kemche | |
06/7/2022 11:27 | I am feeling fairly conservative about the Congo outcome and holding back further enthusiasm. The downbeat outcome is likely to be $7.5m (£6.25m) + costs plus a replacement tenement. Leaving Red Rock to pursue the other $4.505m from VUP S A (£3.75 million). The share price should move to 0.8p - 0.9p as my guess. More than before as matters have successfully advanced. A further guess is that the outcome will bring more than that as Gecamines obtained $250m from the sale to Kamoto giving them $230 million profit. The cash return including that from VUP S A may be nearer $20 million (£16.66m). | noirua | |
06/7/2022 10:53 | Soma increases gold production in Colombia by 73% in second quarter 5 July 2022 In this announcement do not confuse the El Bagre Mine with the El Limon Mine. However, from past information in could be that Red Rock will benefit from production royalties once it goes through the El Limon Mill later. | noirua | |
06/7/2022 09:18 | It seems Mr Bell has extended his stay in the Congo, in the recent interview he suggests it is for a reason, namely collect the money Red Rock are owed which could amount to as much as $12m. | mininglamp | |
06/7/2022 09:10 | new_scally, you are quite right in what you say and the cash-raising and substantial failures have rocked and destroyed a few financially and there can be no getting away from that. We are waiting for news from the company's discussion with their lawyers in the offices of Gecamines. There is nothing else in this marketplace and the talks have been going on for weeks. The outcome no doubt will be announced shortly. See posts ~ #12505 @ #12475 - good luck | noirua | |
06/7/2022 08:43 | If they had kept the initial 64m shares in Jupiter they would have returned on average ~ 1 million pounds per year over the last 5 years and would not have needed the 1 for 25 consolidation. Now they appear to have none of those shares and a pile of rubbish in its place. sp is less than .4 of a penny from an equiv of over 5 pounds, yet some still see this as a success story. Guess some people are born t lose their capital, plenty of examples on here over the years | new_scally | |
06/7/2022 08:13 | #ElephantOil is excited to see further exploration adjacent to its Block 1919, by #ReconAfrica in Namibia - Matt Lofgran CEO. | noirua | |
06/7/2022 08:02 | I've increased my holding in Red Rock to 5.46m shares this morning. | noirua | |
05/7/2022 11:34 | The GB£ continues its slide. | noirua | |
05/7/2022 10:07 | Huuuuge news Atino! | kemche | |
01/7/2022 22:34 | Https://youtu.be/M-2 6 March 2019 28 June 2022 - Musonoi Area 1 is 5 minutes 18 seconds in and runs until 7 minutes 16 seconds. This is now the key expected financial outcome for Red Rock's wholly owned subsidiary Red Rock Resources Congo S.A.U. ("RRRC"). The basics are that Vumilia Pendeza S.A. (VUP SA) and Bring Minerals S.A.U. ("B.Min") a partner of VUP, sold Musonoi Area 1 back to Gécamines subsidiary illegally for US$20 million. Gécamines' subsidiary flipped it for US$250 million to Kamoto Copper Company S. A. a 100% owned subsidiary of Glencore formerly known as Kavango. US$5 million has been paid to VUP SA. Red Rock has been awarded US$4.05 million by DRC courts against VUP SA which includes costs. Red Rock has been in talks with its lawyers for compensation for the illegal transaction with Gécamines for several weeks. Andrew Bell CEO talks in this podcast about hundred of millions of dollars lost by Red Rock. The outcome should/will mean a payment to Red Rock plus a compensatory asset. The Musonoi Area 1 tenement was passed to Glencore'a subsidiary Kamoto formally Kavango. VUP is suing Kamoto for the US$15 million unpaid. VUP having an agreement to sell back Musonoi Area 1 to Gecamines subsidiary. VUP's deal was to surrender the license back to Gecamines, who would then sell it on to Kamoto for $20mil and Gecamines would then pass the $20mil on to VUP It appears that CEO Andrew Bell and Red Rock's other directors moved swiftly enough to curtail what was going on. Vumilia Pendeza S A: Language Swahili Carter Institute: center-nov-2017.pdf Updated 03/07/2022 15:33 | noirua | |
01/7/2022 16:36 | "only be valued at £12m" Wow! | kemche | |
01/7/2022 15:24 | I think it is a nigh certainty that Mr Bell will come back from the Congo with some cash, the question is how much. One suspects getting a portion of the $7.5m owed from the local subsidiary of the major mining company will be easier than getting the $4.5m due from the Congo based JV partner. The above said it may be that Mr Bell will take the opportunity to deal directly with the larger entity who owe the former JV partner money as well as RRR, it may be the easiest way of getting closer to the $12m owed to Red Rock. As it stands there is no interest in Red Rock, only those following the situation seem to understand the possible upside if Mr Bell can deliver. If Mr Bell succeeds then the share price will surge, even at 1p a share RRR would only be valued at £12m | mininglamp |
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