Red Rock Resources Share Discussion Threads

[noirua] 24/2/2023 13:12

It is a bit difficult to say now as Red Rock becomes a push-and-pull share. This Diversified agreement looks like a desperate-for-cash move to get them to start coughing up. I hope the lock-in agreement is still in place or trouble ahead.
On the other side are Elephant Oil and CEO Matt Lofgram who seems to be firing blanks from his NASDAQ starter pistol.
Another is the DRC outcome.
I guess many locked in some profits this morning having bought at under 0.3p and why not indeed.

[kemche] 24/2/2023 10:37

Now all the large "buys" makes sense.

T'was ever thus.

GLA LTHers!

[kemche] 24/2/2023 10:35

So that was the "rumour"!

Makes sense.

Whoosh!

[sclper] 24/2/2023 10:20

Now we get to see what a poor deal that recent fundraise was

[captain_kurt] 24/2/2023 07:11

So either someone knows about an imminent DRC signing or a bid approach

[noirua] 23/2/2023 17:41

I wouldn't want to make any call as to where RRR is heading or on a DRC outcome. As said before it is a gamble so it is your call. Nothing have I heard from Red Rock at all and as to anywhere else, it's best for me not to comment as it's in the lap of others.

[captain_kurt] 23/2/2023 16:23

Moving now !

[mininglamp] 23/2/2023 16:01

There is some speculation kicking around that Red Rock are close to making a announcement on the Congo situation, Mr Bell has kept very quiet since his last visit 2 weeks ago.

It has always been the case that the parastatal company has been prepared to release the $7.5m Red Rock are owed so long as they are comfortable the money is due legally, given the court awards in favour of Red Rock that is without dispute now.

The current market value of RRR is a mere £3.95m

[noirua] 23/2/2023 15:45

The gold sector in Australia remains down near its floor. This cash raised by Red 5 Limited ASX: RED at an average 25% discount shows the problems ahead. Red 5 was at 45c recently and over $2.40 some years back.



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Ramelius Resources ASX: RMS is a profitable gold producer. A rags to riches company but has sunk back a long way. How the Aussie gold sector is these days and pure explorers have done far worse with a long line of bust miners.


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St Barbara Limited ASX: SBM shows how a great gold mine can suddenly go pear-shaped on rising costs and lower grades-
St Barbara said mining at Gwalia had been hit by maintenance staff shortages and COVID-19 absenteeism, and those issues were exacerbated by lower grades as all-in sustaining costs jumped from A$1568 an ounce to A$2637 an ounce. 2 days ago

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So the failure of NBGC to IPO is not in any way the fault of Power Metal Resources and Red Rock Resources. The market has sunk because of covid with very high costs and poor weather. The worse Victoria has ever suffered. So patience is needed as the companies are not to blame it's just bad luck.

[noirua] 23/2/2023 11:25

After all the good things said here about GCAT Caracal Gold the shares are down 75% from their IPO price of 1p. Thank goodness RRR took no notice of suggestions of Red Rock Kenyan assets joining with GCAT's.

[captain_kurt] 22/2/2023 19:28

Interesting trades in the last 30mins. News tomorrow ?

[noirua] 22/2/2023 17:13

Well, guys here is the Red Rock Resources PLC chart going back to 2008 that shows the real truth. There we go!


High point was intraday at 20p on 14 November 2010.
Today's price is 0.295p.
£10,000 is now worth £147.49
£10,000 invested in Microsoft in 2010 would be worth £170,000.

So to get back a person's money plus inflation Red Rock shares will have to rise from 0.295p to 33p. A rise of 11,200%, a 112 bagger.

In 27 years, Monster has generated a total return of 260,061%, making it the best-performing S&P 500 stock of the past three decades. In 2015, Monster struck a deal with Coca-Cola Co. (KO) in which Coca-Cola took a 19% ownership stake in Monster in return for Coca-Cola becoming Monster's primary global distributor.

I feel in my waters that Red Rock could beat Monster and achieve a price of £8.00p. This would make most of us multi-millionaires. AB would be heralded as a miracle mining explorer and placed in the record books and shareholding worth £8 billion. - jolly fine show old chap - in anticipation.

[kemche] 22/2/2023 14:01

Imminent I would hazard to guess.

[noirua] 22/2/2023 13:28

A bid for Red Rock to close out the DRC problems is ever closer. The situation concerning Diversified appears hopefully to be only a short-term problem.

[kemche] 22/2/2023 12:18

We should buy CRCL after their cracking announcement this morning. Junior has learnt well from the master.

It's all about Zimbabwe now where operations should begin imminently and for once and for all.

[noirua] 22/2/2023 11:00

At least this share, Buxton Resources, has gone right for me offsetting part of my Red Rock paper loss. Probably luck after 14 years of drilling to find Australia's highest grade graphite that is extending towards a possible major find. Red Rock was in a similar position with Musonoi Area One in fact a far better one before VUP SA and Gecamines SA stole their 50.1% interest from them, Gecamines a Democratic Republic of Congo Company. So hang in there for at least US$100 million or publicise the fact to all the world's mining explorers, "AVOID THE DEMOCRATIC REPUBLIC OF CONGO AND GECAMINES LIKE THE PLAGUE".

Buxton Resources Limited - Https://bazaartrend.com/au-australia/bux-stock-price#.Y_YEynbP1WI
The above is not a suggestion to buy Buxton Resources shares it is really all about Red Rock Resources PLC and the Musonoi Area One tenement interest stolen from them by VUP SA and Gecamines SA.

[algernon2] 21/2/2023 18:33

...be rewarded?!!!!

[noirua] 21/2/2023 16:52

Remain patient, a lot more is going on behind the scenes than most know about, it is a virtue that should...

[noirua] 21/2/2023 08:30

There may be time it looks for Red Rock to consider any returns from DRC by reinvesting in Jupiter Mines Limited ASX: JMS. The company's mine has a further 120 years mine life likely to be raised to 130 years. The shares have recovered of late to 24.5c and are still on a yield of 8.5% likely to be raised as the 49.9% owned Tshipi Borwa mine comes in with a dividend up 50%.

Tshipi's Final Dividend rises 50% from the previous year. The JMS dividend is expected to rise but due to the weak Rand probably be only 25% in AUDs.

[kemche] 20/2/2023 13:50

QS, they are scaling back the over-subscribers.

[failedqs] 20/2/2023 13:45

Looks like Elephant Oil didn't start trading last week, does anyone know if there's a revised IPO date now?Or have I just missed it, and it's trading at $30?!?!

[kemche] 20/2/2023 10:47

Some will ALWAYS defend the BOD so in thrall are they. They will glibly make light of decades of theievery. Some will resort to inventing and concocting fairytales of others' supposed past shareholdings. Charlatans and shills galore.

I continue to average down ahead of mining commencement in Zimbabwe ( for which we paid $36.45) and the imminent IPO of Aussie operations (for which we paid $1,368). Both were missed out by supermajors and should be worth about £965m.

I continue to buy and will get more at the next fundraising.

GLA LTHers!

PS strong ELEP debut.

Whoosh!

[noirua] 20/2/2023 10:33

Those who have been with ADVFN for many years will openly know how Red Rock Resources PLC works. So investing or punting the company will no longer leave a surprise at their front door or those who quietly follow events.

With small mining explorers or other microcaps, the directors, salaries, expenses, and pensions add up to a high percentage of the market cap. A few near death's front door over 50% - one over 100% and many still trade it.

If you think the two principal directors at RRR are worth a merry punt have ago? If it all goes pear shape then never mind. If it worries you to death buy Premium Bonds - noting the percentage paid on prizes over the last year indicates an average loss of 8% due to inflation. Never mind aye, such is life we all die anyway.

If you have itchy palms reading this it could foresee great things about to happen.

[wealth_creator] 20/2/2023 06:37

Andrew Bell has been extracting shareholder cash for years on end - the process continues infinitum - he will do so until the grim reaper comes knocking.

One of the most toxic BOD's on AIM - Bell/Kaintz/Borelli