Red Rock Resources Share Discussion Threads

[noirua] 25/11/2022 13:23

I've edged my holding back up to 10m shares from 9.8m in RRR. Two other dividends from Jupiter Mines last week - once Red Rock's crown jewels - anyway AB had many sold at over 30c against today's price of only 19c. A pity much is used up on ventures that came to nothing - maybe something this time?

[noirua] 25/11/2022 12:52

9 x 500k sells in Power Metal today so far and 888,569 and 2 million - as of 14:20 Hrs.

[kemche] 25/11/2022 11:17

"The alternative to cash raising is to sell all shares in Power Metal Resources PLC".

They could easily do that with the liquidity in that particular stock and massive investor appetite.

[noirua] 25/11/2022 11:05

FORM OF PROXY FOR USE AT THE GENERAL MEETING

[noirua] 24/11/2022 09:13

The alternative to cash raising is to sell all shares in Power Metal Resources PLC and Juno Minerals Limited at market prices. The cash received would last 6 months even with further exploration costs including Greenland if still applicable.

Of course, the Board of Directors could be kind and put off any salary and expenses claims for at least 6 months - NOT CROSSING MY FINGERS ON THAT ONE, HOWEVER. Also, turn off the heating and wear extra warm clothing as they have to in Ukraine.

Due to the share price performance since its peak in 2010/11 confidence in some company directors and management is extremely low - about 3 out of 10. So they need to do something on that front - NOT CROSSING MY FINGERS ON THAT ONE.

Anyway, we shall see and I'd be delighted to be proved wrong.

[noirua] 24/11/2022 08:58

EOC - ELEP - Lock-Up and Market Standoff Agreements

All of our directors, executive officers and certain of our security holders are subject to lock-up agreements or market standoff provisions that, subject to certain exceptions, prohibit them from directly or indirectly offering, pledging, selling, contracting to sell, selling any option or contract to purchase, purchasing any option or contract to purchase, granting any option, right or warrant to purchase or otherwise transferring or disposing of any shares of our Common Stock, options to acquire shares of our Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, whether now owned or hereafter acquired, or entering into any swap or any other agreement or any transaction that transfer, in whole or in part, directly or indirectly, the economic consequence of ownership, for a period of 180 days following the date of this prospectus, without the prior written consent of the Representative. See the section entitled “Underwriting.”

Rule 144

Affiliate Resales of Restricted Securities. In general, beginning 90 days after the effective date of the registration statement of which this prospectus is a part, a person who is an affiliate of ours, or who was an affiliate at any time during the 90 days before a sale, who has beneficially owned shares of our Common Stock for at least six months would be entitled to sell in “brokers transactions” or certain “riskless principal transactions” or to market makers, a number of shares within any three month-period that does not exceed the greater of:

• 1% of the number of our Common Stock then outstanding, which will equal approximately 143,289 shares of our Common Stock immediately after this offering; or

• the average weekly reported trading volume in shares of our Common Stock on the Nasdaq Capital Market during the four calendar weeks preceding the date on which a notice of the sale on Form 144 is filed with the SEC with respect to such sale.

Affiliates resales under Rule 144 are also subject to the availability of current public information about us. In addition, if the number of shares being sold under Rule 144 by an affiliate during any three-month period exceeds 5,000 shares or has an aggregate sale price in excess of $50,000, the seller must file a notice on Form 144 with the SEC and the Nasdaq concurrently with either the placing of a sale order with the broker or the execution directly with a market maker.

[captain_kurt] 23/11/2022 21:28

Seems to me this is a prudent measure if DRC arbitration or Elephant oil listing does not come to fruition by the end of the year.

[kemche] 23/11/2022 15:53

LNW at the ready?

[noirua] 23/11/2022 15:02

It looks as if the coffers are close to running dry again. So RRR may be going for a loan earlier than thought with a GM to be held at the Company's business address, We Work, 71-91 Aldwych House, London, WC2B 4HN on Thursday 8 December 2022, at 12:00 noon.

Understandable why funds are needed though costs and expenses look to be a little bit out of control.

EOC looks certain to be quoted on the NASDAQ either in December or probably January, as the underwriting is firmly in place at $4.65.

[noirua] 23/11/2022 09:54

Looking at the last two posts the IPO of EOC will give some much needed financial backbone to Red Rock at least as far as running expenses are concerned for the next two years.

The main factor is the DRC outcome. It is uncertain whether RRR will get the $4.505 million as ordered by the court unless the Arbitration process if allowed, includes this.

Should Red Rock receive $20 million eventually then my 2p - 3p share price guess remains firmly in place.

[noirua] 23/11/2022 09:12

EOC:

Per Unit(1) - Initial public offering price
$4.65

$12,000,000 -
Underwriting discounts and commissions(2)
$0.37 = $960,000

Proceeds, before expenses, to us - $4.28 = $11,040,000

[IPO looks very close with finalisation of the underwriting in place. IPO value to Red Rock is - present holding 4% - 397,873 shares at $4.65 = $1,850,109 at $1.19 to £1 = £1,554,713]

[noirua] 23/11/2022 09:07

Q and A – RRR Chairman Andrew Bell
17 Nov 2022

[noirua] 18/11/2022 14:29

RRR owned SHAREHOLDINGS:
The Company holds 25,000,000 shares ( 2.18% £412,500 at 1.65p a share ) in Power Metal Resources Plc and Juno Minerals Limited shareholding at 1,216,108 shares (£69,000 at 10c). ELEPHANT OIL CORPORATION to IPO in the short term on the NASDAQ - present holding 4% - 397,873 shares - guessed value at $5 a share is £1,685,000.
The future hoped for value of Mount Ida iron ore royalties is £13,500,000. Hopes to receive eventually about £2,457,000 from gold royalties from El Limon, Columbia production. Trying hard to get US$12,050,000 on Musonoi debacle.
IPO of NBGC.

More hopes that Kenya might do well and BURKINA FASO, and Côte d'Ivoire, WEST AFRICA.

The issued share capital of the Company consists of 1,296,147,223 ordinary shares of 0.01p each (£4,860,552 at 0.375p) with voting rights ("Ordinary Shares"). No Ordinary Shares are held in Treasury.

The 3 biggest factors coming up are the DRC debacle conclusion, EOC IPO, and if DRC does not conclude short term a placing looks certain early in the new year.

[kemche] 18/11/2022 12:49

LNW imminent?

[noirua] 18/11/2022 12:47

The Red Rock share price is far from settled trading between 0.35p and 0.65p in more recent months. The gamble factor is many fold though NASDAQ: ELEP and DRC cash are the big main factors. More in the wilderness are El Limon and Mount IDA royalties, NBGC IPO, and other tenements neither here nor there. The POW shares are in a gambling phase as to whether Molopo Farms or Tati drilling comes up trumps and a few IPO's.
A fair price for RRR is difficult as a cash-raising looms if DRC cash income drifts well into 2023 and AB is showing signs of concern via TW rumours.

[noirua] 18/11/2022 09:07

Atinos auntie Ettie - 31 Oct 2022 - 23:54:52 - 13155 of 13231 RED ROCK RESOURCES PLC - Information Thread - RRR
Thank you for those words Noirua, my prior posts were well timed and would have led to material gains for some. As for now, casting an eye over today's market capitalisation and price of point quattuor pence, a move north seems likely. Yet there's 'many a slip twixt cup and lip' and it may go lower yet, bobbing on the mysterious eddies that some call market forces and which cannot be accounted for. Buy the shares yes but please do not come crying to me if your entry is not ideal and you make only 30% instead of 300%

[noirua] 16/11/2022 08:08

Aussie gold shares continued their downward path across the board with falls going out to 7% despite the gold price in AUDs being not far off all-time highs. So thoughts of IPOs at this stage remain very bleak.

[noirua] 15/11/2022 23:23

What matters most eventually is how efficient and organised a company is. Jupiter Mines ASX:JMS faces the lowest manganese prices for many years. Despite this, it pays a dividend equivalent to 10.8% p.a. Achieved by the efficiency of its 49.9% interest in its Northern Cape Tshipi mine. Worth taking a look at should Power Metal and Red Rock ever become production companies.


In the end, it is the ability to pay dividends that it is all about. Few AIM miners have paid a dividend.

[kemche] 15/11/2022 14:11

LNW on the horizon?

[noirua] 15/11/2022 09:43

Gold price rallies as crypto collapses
14 November 2022
www.australianresourcesandinvestment.com.au/2022/11/14/gold-price-rallies-as-crypto-collapses/

After months of gradual regression, the gold price regained $US85 last week amid signs of cooling US inflation.
According to the World Gold Council (WGC), spot gold was trading at $US1759 (A$2624) per ounce (oz) on November 11, which is markedly higher than the $US1674 (A$2497)/oz price on November 4.

[noirua] 14/11/2022 16:09

Maybe AB will semi-retire after all this ends and retain a state of immanency instead of imminency in his future efforts.

[kemche] 14/11/2022 13:42

When will the imminency end?

[noirua] 14/11/2022 11:02

Always interesting to see information and shareholders in this robot-controlled instructive service: