Red Rock Resources Share Discussion Threads

[noirua] 10/9/2022 14:00

Elephant Oil Corporation NASDAQ: ELEP


Preliminary Prospectus

Initial public offering price $4.65

[kemche] 10/9/2022 10:56

Let's just get the fundraising done.

[noirua] 10/9/2022 10:54

How are NYSE Oil Stocks doing with RRR's investment in Elephant Oil Corporation about to IPO on the Nasdaq:
Conoco Phillips:

Warren Buffett Hikes Occidental Petroleum Stake After Getting Regulatory OK To Buy 50%
10 September 2022


Crude oil prices gain on risk-on and supply concerns. (OILUKOCT22 & OILUSSEP22)
Oil prices tumbled on Monday and extended their decline overnight in Asia as demand concerns were aggravated by a slide in China and European PMIs while the US ISM manufacturing PMI also weakened. Meanwhile, improved supply from Libya weighed, as the country is seen rebounding to producing 1.2mb/d after a series of disruptions that halved supply. WTI futures slid below $94/barrel and Brent was also seen below the $100 mark.

[noirua] 10/9/2022 09:47

A Collapse In Fiat Currencies Within The Next 2 Years? | Alasdair Macleod


Charlie Munger Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE
Aug 25, 2022

[noirua] 10/9/2022 09:42

Weekend Reading and listening
What is the biggest risk in the market now? Mark Mobius answers
Last Updated: Sep 07, 2022, 04:48 PM IST


The Metals, Money, and Markets Weekly: H is for happy
Mickey Fulp
Friday September 09, 2022 17:02


Why This Expert Believes Silver Investments Are at or Close to a Major Bottom
Contributed Opinion- Silver - Share on Stocktwits
Source: Clive Maund (9/7/22)

[noirua] 09/9/2022 22:35

Cobalt prices to continue their ascent
08 September 2022
www.australianresourcesandinvestment.com.au/2022/09/08/cobalt-prices-to-continue-their-ascent/
Fitch Solutions expects cobalt prices to continue rising in the next 2–3 years as battery demand climbs and the supply situation remains largely unchanged.

[noirua] 09/9/2022 17:13

SOMA GOLD RELEASES 2022 Q2 RESULTS
6 September 2022

[kemche] 09/9/2022 11:32

"hints of cash raising"

What an absolute shocker! Can it be true?

For the 74th time?

I can hardly believe such a thing!

[noirua] 09/9/2022 11:03

The market isn't all that impressed it would seem with Burkino Faso. On top of that no news on EOC and DRC plus hints of cash raising. So despite holding quite a lot of shares matters are tending to slip on boredom and concern.
However, I retain my personal valuation if DRC and EOC go well at 2p-3p. As to NBGC it has value just the IPO date is of concern - if it floats in Australia then UK investors will not be allowed to take part.

[kemche] 09/9/2022 09:46

Excellent interview that has clarified so much. I am now expecting weekly interviews revealing new information about absolutely believable progress grounded in reality.

This is an entirely new Ettie 2.0

Whoosh.

[noirua] 08/9/2022 08:36

RRR appear to have just been sold down though whether more 1m share plus selling is finished is only a guess. The shares are always high risk but look an OK 'gamble'. 0.54p - 0.57p looks a comfortable 'punt' price to pay IMHO. As inferred, not really an investment more a fun party stock to hold that may or should come up trumps.

[noirua] 07/9/2022 12:33

I cant see another podcast by himself until something happens regarding DRC and EOC. Enough has been said or podcasted inadvertently or... - so there we go.

[noirua] 07/9/2022 12:30

The £ sterling continues its decline against dollar expressed currencies. Hopefully the new PM will see to it that $1.10 to £1 is achieved quickly as Americans short the £ whilst cheering the UK on.

[kemche] 07/9/2022 09:04

We could really do with another podcast "interview".

[kemche] 07/9/2022 09:03

Or the money could be held up in Cyprus - "for once and for all".

It's all about Zimbabwe now anyway.

[noirua] 07/9/2022 08:59

I've edged my holding back up to 8m shares on the recent reversal in the share price. Despite this it is obvious no final decision has been inked in as far as the Arbitration in DRC is concerned and rumour or fact as to hinted outcome are covered by these words I think: doubt, dubiety, mistrust, scepticism, and suspicion - may be some dubiety in the quality of doubt at this stage is involved in all this.

[noirua] 07/9/2022 07:55

These charts show the devastation in the gold sector or you could say reversal:

Giant Newmont Corporation ----------- Newcrest Mining Limited ------------ DRD Gold Limited -------------------- Silvercorp Metal Incorporated

[noirua] 06/9/2022 11:31

July 25 2022
TENKE FUNGURUME MINE, THE DRC-BEIJING ALLIANCE

The Tenke Fungurume Mine (TFM) is Kinshasa’s biggest copper and cobalt mine and one of the world’s top cobalt mines. According to Bloomberg, it accounted for about 14 per cent of global cobalt production last year and is also a significant foreign earner for DRC.

Located in Lualaba Province (formerly Katanga Province), the Tenke Fungurume Mining SA (TFM) is 80 per cent owned by China Molybdenum Co. Ltd (CMOC) and 20 per cent by Gécamines, Congo’s state-owned mining firm. In 2008, stakes in TFM and several other mines were offered to China in exchange for infrastructural development by the former government of President Joseph Kabila.

Recently, a court barred new export deals from the mine until its shareholders agreed on a new sales contract. Gecamines had accused CMOC of lying about its mineral reserves. The state-own minority shareholder claimed that the Chinese partner owes $7.6 billion in royalties and interest.

The Tenke Fungurume Mine (TFM) plays a significant role in the DRC economy. In 2018, TFM paid over $2.5 billion to the public treasury and other administrative services since its inception in 2006. As of December 2020, the mine was estimated to hold 176.8 million tonnes (Mt) of recoverable ore reserves grading 2.1 per cent copper and 0.30 per cent cobalt. It is also projected to sustain 32 years of mining operations at an annual ore production rate of 5.54Mt.

Mining in DRC is a common means of livelihood for its mountain people. There are 476 named mountains in Congo-Kinshasa with vast untapped mineral wealth. The country ranks among the top mineral-rich nations in the world. According to African Mining IQ, the DRC has an estimated $24 trillion in untapped deposits of cobalt, copper, diamonds, gold, and other minerals like zinc, tin and potash in its copper belt. That explains why DRC has over 100 mining projects, with about 80 per cent in development stages. Foreign investors and companies own most of these projects.

[kemche] 06/9/2022 09:25

Some people are determined to not allow Bell to make them wealthy.

[kemche] 06/9/2022 09:21

Classic pre-imminent treeshake.

No stock available.

[noirua] 05/9/2022 14:04

The GBP is determined to continue its downward path against the USD. Even if it recovers a bit the shorters in the US are putting $ billions to make sure it continues on down.

The only way for a sudden reversal is to put interest rates at the next BOE meeting up to 6% and promise more to come. For PM Truss to cancel plans to reduce NI contributions for the second half of the year and raise large sums from oil companies. Make gas distributors put 50% of their profits back in to reduce rates to customers. Put a price cap for gas and electricity to very small companies mainly shops etc.

None of the above will happen so curtains for the £ and AB MAYBE joyous when dollars flow in from DRC - we hope.

[noirua] 05/9/2022 11:41

Kenya's Presidential Election has been upheld.
Supreme Court Upholds Ruto’s Kenyan Presidential Election Win

Kenya’s Supreme Court upheld William Ruto’s victory in last month’s presidential election, dismissing his rival Raila Odinga’s claims that the vote was marred by rigging and irregularities.

The petition is dismissed, the seven-member court said in a unanimous decision read by Chief Justice Martha Koome on Monday.

The official results showed Ruto, currently the deputy president, winning 50.5% support in the Aug. 9 vote and Odinga, a former prime minister, 48.8%. The judgment paves the way for Ruto, 55, to be sworn in as President Uhuru Kenyatta’s successor next week.

[kemche] 05/9/2022 09:41

It will no doubt require some working capital to pursue but that could easily be obtained.

[kemche] 05/9/2022 09:40

This is huuuge news and could possibly be bigger than Migori and Greenland combined and possibly overshadow the imminency elsewhere. No stock available.

GLA STHers!

[noirua] 05/9/2022 08:59

The Drill Programme - The drilling was conducted under the supervision of FGR geologists by Forage Orbit Garant BF SAS with a reverse circulation drill and comprised a programme of four holes totalling 420 metres at the first location, Djikologo.
Four holes totalling 420 metres at the first location, Djikologo.

BilR22-01 110 metres depth - 6m to 15m ---- 0.37 g/t Au
including ---- 12m to 15m ---- 0.78 gt Au

BilR22-02 70 metres depth ---- No significant intersections

BilR22-03 120 metres depth - 22m to 42m ----- 3.19 g/t Au
62m to 70m ---- 2.28 gt Au
118m to 120m ---- 1.25 gt Au -- open at depth

BilR22-04 120 metres depth - 99m to 101m ---- 0.77 g/t Au
12m to 120m ---- 0.50 g/t Au
------

Results from the Bilbale Artisanal Area are awaited which has a surface area of 183.62 km(2), the Bilbale project area is located in the prolific Boromo greenstone belt.Rock chip sampling in 2020 included samples reported at 8.1 g/tAu, 6.25 g/tAu, 2.57 g/tAu, 2.56 g/tAu, 1.74 g/t Au, and 1.19 g/tAu