Red Rock Resources Share Discussion Threads

[broken_arrow1] 13/10/2022 12:52

Online buy limits have reduced significantly this morning, only 500,000 shares on offer at full price currently.

[noirua] 12/10/2022 00:07

I haven't worked the figures out of late though I believe the Red Rock share price will need to rise 400 times for those who bought at 16p some 12 years ago: Taking the share price to £1.40.
On the Glencore business which many would have been aware of from June, I've no clue as to whether this will do anything positive for Red Rock and Glencore has put $1.5 billion by to cover all this. Kamoto Copper Company is a 100% owned subsidiary of Glencore and again I've no clue as to whether they are involved in any of the publicity of the last few days, they are the company Red Rock is indirectly involved with ie they now I'm led to believe own the mining rights to Musonoi Area 1. Red Rock had been 50.1% owners of the same before it was illegally taken from them.


Katanga ( now Kamoto Copper - Glencore ) owns mining rights to Musonoi Area 2 and Area 5.

All this kerfuffle could easily be solved by Kamoto Copper bidding for Red Rock Resources as this would shut down one problem for Glencore. Maybe my guess of 3p a share could come right after all - remembering it is no more than that.

[kemche] 11/10/2022 18:03

There is no past to erase. That has already been done comprehensively.

[captain_kurt] 11/10/2022 17:09

Once we get through the first stage. Then the second stage against Glencore will rise the bar. They will have been caught bang to rights.

Andrew Bell after all the past failures has secured a project that could erase the past lol

[noirua] 11/10/2022 16:57

Glencore hit with investor lawsuit after bribery conviction
Mubadala, KIA, Abrdn, and HSBC are among the claimants in a case filed at London High Court


Glencore faces a flood of UK litigation following bribery charges
Bloomberg News | October 10, 2022, | 10:36 am Intelligence Top Companies Africa Europe Latin America Oil & Gas

[kemche] 11/10/2022 14:40

kurt, that will be a huge whoosh for RRR.

Just imagine others admitting to fraudulent activity!

[captain_kurt] 11/10/2022 13:52

News out today. Glencore admitted fraudulent activity in Africa

[noirua] 09/10/2022 16:02

Weekend Reading: Stocks lose more ground on fears a recession may be looming
By STAN CHOE and ALEX VEIGA
October 7, 2022

[noirua] 07/10/2022 23:38

Thanks, mrmark1 - video added to the header.

[kemche] 07/10/2022 21:42

It's a surly buy all right.

[mrmark1] 07/10/2022 20:34

https://twitter.com/stockboxmedia/status/1578387305118695429?s=46&t=h1syq-NvhyCips_cHmxuZw Andrew is off to the DRC this weekend (short trip)...Monday, Tuesday and Wednesday could be interesting in the run up to announcing receipt of funds in excess of the current market cap! Last time there was anticipation the price rose above 0.6...anything under 0.4 is surly a buy!

[kemche] 07/10/2022 11:28

Or lining up another HNW individual from Stephen Lundy's black book?

[noirua] 07/10/2022 09:52

Looking at the chart at the top of the header going back to 2016 we can see that Red Rock has been here before: On that occasion, the shares fell from 1.2p (intraday 1.35p) to 0.18p and now ominously back at 0.35p after 1.22p (intraday 1.3p). Hopefully, though one can never be sure, it is with the familiar words 'it's different this time' in hope of cash from DRC, partly to pay ongoing costs and a bonus with a quoted shareholding in Elephant Oil Corporation on the NASDAQ.

[noirua] 06/10/2022 11:53

A podcast for Power Metal that does cover Red Rock's holding of 50.1% shares in NBGC:
5 October 2022 --

[kemche] 05/10/2022 16:48

And Burkina Faso.

Or even Zimbabwe.

Or Steelmin.

Or Amulet.

Or Sweet Factory.

[noirua] 05/10/2022 16:45

Greenland is still a sore point for Red Rock with the rehabilitation continuing. One is jovial about Jupiter Mines where the interest has all but disappeared - mostly I believe to pay off high-interest-rate loans.

Still, DRC may yet come up trumps and EOC.

I suspect the present price for Red Rock is really cheap so I've just added some more to take my holding up to 9.5 million shares. Nearly back to 10 million again.

[kemche] 05/10/2022 16:44

Or better still put Ettie in charge. He will sort it out "for once and for all" and do it imminently too.

[noirua] 05/10/2022 16:41

Off-Topic - It did seem somewhat silly of the Bank of England to consider putting £65 billion to work defending the UK£ and bolstering the bond market. It gave an opportunity for many to close their positions and get ready to reposition themselves when the Bank of England runs out of financial firepower.

The answer is to raise interest rates immediately to 6%. The country is a lot poorer now and it will get worse.

[kemche] 05/10/2022 16:36

Agreed On Target.

And Greenland.

[on target] 05/10/2022 15:51

It's all about Jupiter Mines.

[kemche] 05/10/2022 14:12

Another HNW imminency beckons.

[noirua] 05/10/2022 13:55

The real balance for Red Rock is how long it takes to get cash into its account over the Musonoi Area One debacle. Recent cash raising covers the ongoing DRC Arbitration and that leaves RRR only two ways to go if the Arbitration goes on into next year and that is to sell quoted shares in Power Metal and Juno Minerals or to raise more cash by CLNs or placings. The market appears to be concerned or maybe really worried about this.

Questions do need to be asked about how Red Rock went to sleep at the time VUP and Gecamines carried out an illegal transaction. Kamoto Copper cant be at fault as they would have trusted Gecamines. It looks very suspicious that Gecamines lost $400 million - see the lower part of the header - and made it all up on being an intermediary between VUP SA and Kamoto Copper.

Had Red Rock and VUP SA sold directly to Kamoto Red Rock would have received $215 million £190 million 14.66p a share at $1.13 to £1, half of the sum stated by AB/RRR to have been obtained by Gecamines.

[kemche] 05/10/2022 12:00

There is a chance that I will win the jackpot on the Euromillions.

So there is that.

[noirua] 05/10/2022 11:55

Why iron ore is still ‘attractive217; to BHP
4 October 2022
www.australianresourcesandinvestment.com.au/2022/10/04/why-iron-ore-is-still-attractive-to-bhp/

There remains a chance that a major will become interested in the large Mount Ida resource held by Juno Minerals. Red Rock has royalty interests in Mount Ida and a shareholding in Juno Minerals ASX: JNO

[kemche] 05/10/2022 10:35

Beginning to look precursory again.

Imminent?