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RRR Red Rock Resources Plc

0.04
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 0.04 1,693,747 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.035 0.045 0.04 0.04 0.04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores -2.67M -0.0005 -0.80 2.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:12 O 6,000 0.03675 GBX

Red Rock Resources (RRR) Latest News

Red Rock Resources (RRR) Discussions and Chat

Red Rock Resources Forums and Chat

Date Time Title Posts
27/11/202412:28RED ROCK RESOURCES PLC - Information Thread19,274
04/8/202418:13Red Rock May 202266
16/6/202408:49MIGORI GOLD PROJECT in KENYA17
11/12/202313:51MUSONOI AREA 1 PE4962 - KAMUKONGO PE663 - KASOMBO SOUTH PE2360 - in Democratic R8
18/1/202117:31Red Rock Resources 201121,885

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Red Rock Resources (RRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:24:130.046,0002.21O
16:04:140.04723,170296.50O
14:31:550.04750,984274.11O
13:21:490.047570.28O
13:13:300.04190.01O

Red Rock Resources (RRR) Top Chat Posts

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Posted at 27/11/2024 08:20 by Red Rock Resources Daily Update
Red Rock Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.04p.
Red Rock Resources currently has 5,058,782,486 shares in issue. The market capitalisation of Red Rock Resources is £2,023,513.
Red Rock Resources has a price to earnings ratio (PE ratio) of -0.80.
This morning RRR shares opened at 0.04p
Posted at 03/11/2024 17:44 by kemche
19 months just fly by so quickly!

MiningLamp - 28 Mar 2023 - 06:56:18 - 13789 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

It looks like potentially significant revenues are not far away, according to the local geologist/manager revenues could be $1.5m a month with costs of circa $300k.

Red Rock owns just over 50% so the free cash would be IRO $600k a month to RRR, has the potential to bring in £5.7m per annum to RRR at current FX rates - not bad for a £3m company.

MiningLamp - 18 Mar 2023 - 12:22:11 - 13760 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

Mr Bell has been under the radar on his travels over recent times, no longer images on Twitter or 'hints' of outcomes like before.

The issue for outsiders looking in is if the right news comes, $7m+ cash from the Congo, no-one will have any chance of getting in around current levels, there may even be a near term RNS concerning a successful arbitration outcome and then another for cash receipt.

So you have to be in it now to win, risky yes but the whole sector has been risky for 24 months.

MiningLamp - 09 Mar 2023 - 16:13:43 - 13679 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

Interview just released, all to play for according to Mr Bell, he believes the Congo court case has reached the end game, they have seen the arbitration ruling (in RRR favour) but simply needs signing.



It seems the listing of Elephant Oil is on again, it appears the warrant element has been dropped, this apparently will lead to a far better after market in the shares.
Posted at 24/10/2024 12:54 by 1waving
Been looking at a few posts on LSE this morning.
Found this one of interest

Helpful

Posts: 14,088
Price: 0.0375
Overview Today 11:39

So, I hadn't seen the Twitter posts late last night, footie is more important. Now I have...

1. AB obviously anticipated that the Arbitration was going to be done late last week/over the weekend.

2. The intervention of the dodgy solicitor delayed things but changed nothing.

3. The "blaming it on Australians", was 1620 Capital: John Boardman and Jason Brewer.

4. The invitation was to the Private Office of the Head of State. So it seems we are involved with a pet project of the President.

5. In one of his broadcasts, he mentions being a British company, not Chinese, Australian or Canadian. He was quite obviously suggesting that RRR has got itself in a niche where it is trusted in DRC.

6. Why would the Private Office want to deal with RRR or similar and why would it want to do a deal about revenue from the deal being allocated to a pet project?

7. The main thing is corruption. If RRR were to do a deal via the normal mechanisms, a parastatal like Gecamines would take a stake and royalties would be paid. The revenues would disappear into the general maw of expenditure and might make it nowhere near said "pet project".

8. He said an asset(s) similar in size and quality to Musonoi.

9. When we got Musonoi he said, 400,000 tonnes of copper and 24,000 tonnes of cobalt. Glencore paid $420mil for it via a backdoor deal. Musonoi grade was around 3%.

10. If the Private Office has a pet project then you would expect it to be substantial and so the amounts diverted to it would be substantial. Consequently, the Private Office needs a counter party that can deliver and is untainted by corruption and poor practice.

11. He says "immediate revenue": well that can only be either tailings or material previously mined and sat at surface. Immediate probably indicates the latter. Therefore the asset(s) are already known.

12. From the broadcast, it seems that they are close to Lubumbashi.

13. I expect we will get an update on BF and CDI shortly.

14. And no trolls, I didn't take the placing.

DYOR

-----------------------
and another post to follow.

Helpful

Posts: 14,088
Price: 0.0375
RE: Overview
Today 12:56

Kam, all very interesting but irrelevant to what is at hand and the overview I posted.

1. There is no doubt that Musonoi and the two other licences were JV property.

2. There is no doubt that the JV property was sold via Gecamines to Glencore.

3. How do we know this?

4. VUP issued proceedings against Gecamines and Glencore jointly for the non-payment of $15m ($5m having already being paid).

5. RRR intervened in the case and established to the satisfaction of the Commercial Court in Lubumbashi that the assets were JV assets and sold without RRR's knowledge or agreement.

6. The Court awarded RRR damages and costs against VUP.

All of the above is fact. No Walter Mitty stuff or made up stuff. Following on from that,RRR is due 50.1% of the $20mil and in reality should have had 50.1% of the $420mil.

What is at hand is the conclusion of what happens to the $15mil. Only three possible outcomes: All the money goes to VUP, all the money goes to RRR or the money is split between the two parties.

DYOR
---------------

Helps to outline the current situation and the major potential.

By major potential, I mean something massive !
Subject to arbitration cash arriving and the nature of the new DRC project.


.
Posted at 07/10/2024 08:49 by kemche
jlondon4 Aug '24 - 17:11 - 65 of 66
0 1 1
---Red Rock Resources, Investors Chronicle [owned by Financial Times--
Fri, 2 Aug 2024 : RRR share price 0.05p [mid].

"Share Price Forecast : Red Rock Resource: The 1 Analyst offering a 12 mth price target expects Red Rock Resources to rise to 6p in the next year from 0.0525p."
"High 6p, Mid 6p and Low 6p."

Link:
Sun, 4 Aug 2024.

Note: The above can checked for --any co-- from the FT but that is under subscription. However, Investor's Chronicle, also owned by the Financial Times [FT] does the same format but it is free to view. I check for other co's as well to see what the current Analyst forecast price is. DYOR. NIA [No warranty given by me as it is --from an external site as above]. I tend to check as its is interesting to see the latest Analyst target for any co.
Posted at 18/8/2024 20:29 by jlondon
Dont think so, Sir. Sun, 18 Aug 2024 [My reply to post 18602 & 18603, Sun 18 Aug 2024 @21:10 & 21:13, ADVFN Stock Forum].

The post #18603 about BF [RRR Burkina Faso] was from the other RRR forum to which a reply was posted here but not by me. [On London South East RRR forum post by someone else at 20:21/ADVFN RRR forum reply 21:13 by Kemche, Better for Kemche to reply on the right forum at London South East instead of cross posting ].? Yes, Sir, you were replying to someone else on the other RRR forum and not to me. The posts on this ADVFN forum is replying to another forum by Kemche as said and not in reply to me at all. -------Nothing to do with me.---------Not applicable to me.------

Highley1: Your friend an Analyst per your post today - hope he posts on this forum as 36p & 87p is forecasted by K. above on this forum vs First Equity share price target of 2.8p, the licenced broker report of 19.1.23. If at 87p for RRR share price target by K...., then mkt cap would be £4billion, as big as the mega Fresnillo Plc, a FT100 co with mkt cap of £4billion.!?

Current share price of Red Rock Resources: 0.05p, Mkt Cap £2.43Million.

I think I would be following the licenced broker, thank you as they detail the assets & max is 2.8p. Licenced share price target valid for 1 yr so will re-visit this forum in the years to come to see if the RRR share price can ever reach 87p per Kemche , ADVFN RRR poster per the posts above today.? Latest post updated #18605 at 21:58, Sun, 18 Aug 2024, is now £1.36 share price target by Kemche -Oh billions in mkt cap? Cheerio.
Posted at 18/8/2024 19:57 by jlondon
Post 18600, 19:57, Sun, 18 Aug 2024: You, Sir provided your own RRR share target price of 36p vs the latest broker report from First Equity of 2.8p dated 19 Jan 2023.

Per Align Initiation Broker Report, it stated RRR went from 1p to 20p pre-fixed "success." History is it not & share chart will also confirm that.

36p, Sir??? No broker in the UK or any where else has that share price target? So, which is real?

Well, I think any reader will think 2.8p by a licenced broker report as above is better than 36p forecasted by you, Sir which appears closer to "reality" of the assets of this co [see the report via the link from RRR themselves]. Oh, now it is Miss but Mr previously? Puzzling.

J.London, Sun, 18 Aug 2024 9pm.

[Ref: "My price target is 36p.." dated 4 Aug 2024 , Post 66/66, Advfn Red Rock Resources [RRR] @19:13 by Kemche]. Today RRR share price is 0.052p average with a market capitalisation of £2.39m [Source: Google Finance]. Now, in your latest post you say 87p is your share price target for RRR? [Sun, ADVFN RRR, 18.8.24 , Post 8603 at 21:13]

If RRR is 36p per your own share price target, the market capitalisation will be £1.7 Billion!!! At 87p, that will be a market capitalisation of £4.1billion!!! Why, RRR could join the FT 100 as Fresnillo 's mkt cap is £4billion.

I prefer to stick to licenced broker reports, thank you.
Posted at 18/8/2024 16:23 by jlondon
Highley
So, what you are saying is that you want a "sell" recommendation.? Or more accurately, a sell broker report. Who is going to pay for it as it is not free and a/c to Crux, they said that such reports cost $30-40,000 and up to $200,000? So, say, I am a billionaire or mega millionaire and I commission a broker report and by the same vein as your thinking, would they want to please as well LoL? I dont think so as I believe all firms need to use the standard methodology that is industry standard ie NPV or Value in Situ.

As far as I can see from the reports, they are rather factual ie they do provide the various scenarios and discounts of say, RRR IPO happening in 18 months say, that needs to have a discount in the past and so forth.

A poster on the other RRR forum said that at IG Index, there is no more positions to be opened for shorting RRR , only closing positions. IG is also not lending stock to short but I cannot verify that and confirm further as I am not an IG client.

You may also be aware that broker report target prices will not be the same as the current share price - there is a perception gap and quite normal for small stocks.

You dont consider Edison to be a broker? Do you consider Clear Capital to be a broker as they wrote the broker report prior to First Equity and Clear Cap is the broker to RRR?

So, you know a guy that writes such broker reports and he has had to re-write ...etc ? So, if he or you maybe work for the City as an Analyst or Director of Research for a big name investment bank ie Tier 1, then do the Analysts or Market Makers not need a broker share price target?

I posted on American forums and no one ever questions the broker target price because no one dares to post their own valuation and thus share target price ?

I have never met you on forums before so I am not sure you are interested in RRR, or may be interested as a holder etc or you are interested in the sell side. This is not a personal question by the way but just your ideology? I never short any share so I have to take the view that I have the bull's view but also take in the
self researched data and current info as much as I can.

I cant name names but on the other forum, one works for a City firm and he has the Bloomberg Terminal at work to use - he can see all the latest institutions that own that stock but the retail cant see the latest until FT/IC update but they can get the latest. I am sure that broker target price has to be also shown in case mistakes are made especially market markers etc who need to see a bench mark.

Share price targets cant be subjective given projects are valued. In real life, outside the stock markets, they used to have Parkers Guide for Cars and the condition for example, good, fair and medium. Same with coins eg numismatic American Eagles which are ranked for points based on condition. All markets , be it art [fine high end art] etc are based on valuation or last sold etc [inc mkt conditions and liquidity].

So, with stocks, it cant possibly be 0 price? I know of 1 stock on the other forum and the max broker report by WHI is 33p but the chap does all his own workings [not an Analyst or works for the City or professional] and he has a share price of £5 and £10 for the stock. It is currently 3p+. I tried to be diplomatic but he wasnt having it - I was concerned that others could get burnt as folks might just lose their heads of a penny stock valued at £5 & £10 each share? A recent jail term in Australia was published and if I recall, these folks were giving out their own share price targets, hence why I said that the FCA needs to have some guideline ie that only licenced and qualified people do the share price targets and underpinned by a broker report so that one can see the full write up as to how it was derived and check if necessary against another report. This is my observation.

Just wondering and interesting to converse with someone that has mutual respect and can take in views. Sun, 18.8.24
Posted at 18/8/2024 14:48 by jlondon
[13:49, #18593, Sun, 18 Aug 2024] Sir, you call an official Initiation broker report provided by Red Rock Resources[RRR] themselves at their website via link at hxxps://rrrplc.com/investors/share-information/broker-research/ by Align Research, a licenced firm with the Financial Conduct Authority , UK [the regulator] being "deluded" etc [cannot repeat your words in post your 18593 as above]? I cited Align stating history shows RRR share price went from 1p to 20p, 20x. [Share price history]. So, what was wrong with that, citing history?

I say, Sir. What about the bevy of the other broker reports that RRR provided at their website for shareholders like Edison Research [Dr Ryan Long fame] also licenced by the FCA , Clear Capital Brokers [another licenced firm] and currently broker to RRR? Other broker reports are First Equity, SVS Securities etc?

Isnt Edison also rated? So, what investment firm would you rate, Sir given RRR is a £2.09m mkt cap Junior Explorer firm on AIM, London Stock Exchange? You would be aware that broker reports cost a lot of money - some stated to be up to £200,000 for each broker report if I recall correctly from Crux [average would be £30k-£40k]. Sun, 18 Aug 2024. Rather puzzling and wondering?
Posted at 18/8/2024 10:06 by jlondon
--------------Sun, 18 Aug 2024 18589 & 18590 at 08:35 & 09:20----------
Kindly provide a link then for what you say of supply side broker on RRR and target price if any. Per FT [subscription only] -- although Investor's Chronicle provides free data [same owner FT/data the same] states 6p with 1 Analyst covering it over a 12 mth forecast. [Current price: 0.05p] hxxps://markets.investorchronicle.co.uk/data/equities/tearsheet/forecasts?s=RRR:LSE
Isnt this above 1 Analyst target price still current, listed on all Professional Bloomberg Terminals only available to investment professionals & analyst firms working in the City of London or Square Mile?

Kindly provide a listing of 400 fundraisings over a 20 yr period you stated vs a chart of 200 AIM Junior Explorers over a similar & exact 20 yr period to show if this co named is an anomaly? Otherwise, it is called stats in isolation and skewed? This is the statistical method to prove the point & seen in all professional City professionals charts. Its called bench-marking. [[No one can possibly have a 20 yr record of this co as it is just not available to any Joe Public investor nor is it on the RRR website. However, if correct ie 400 raisings, then can it be, Sir, it is from the Sq Mile/City of London work computer @Bloomberg professional terminal [computer that all investment firms have]? Wondering.]]

Could you also overlay the above to the share price performance because 1 metric can never be shown in isolation. I have today seen a chart and it overlays at least 3 more trends & stats for comparison. All industry standard.

Sir, you mentioned Sell Side Broker - are you one & Extel Survey ranked per your mention of Extel ranking of Investment Licenced Analysts?

Sir, you mentioned Ratalin? Are you a qualified & experienced NHS Dr or Specialist Consultant in public or private practice [Harley St, London] & o a writer/contributor of this specialism in the Medical Journal/s of the Professional Medical Body or Lancet ? Or a medical Consultant renowned in this field for diagnosis/prognosis/pathology & extensive medical tests done to prove diagnosis inc pre-requisite examination & medication etc with 2nd medical opinion allowed etc [licensed & registered with the Medical Board, England & Wales] ? Ordinary people dont even know what Ratalin is or what it is for [I have never heard of it] . Wondering since it is mentioned many times on this forum by Sir?? The other forum is now aware that such matters are now under new online regs?

Sir, you are terse in your posting but it does not elucidate nor have links/source/citations to provide a clearer thesis? In the City of London [investment circles], dont research reports come in not just 3 paras but rather tons of pages? Same for geological reports etc.

Align Research [licenced] Initiation Report stated that this co went from 1p to 20p from recall but kindly check as read it some time back. So, despite the raising/s, it was a 20x multiple at the very least.? Any other stock Sir can think of that had such a spectacular rise in its history & is this typical? Align is quoted as they are the only ones that have recorded the RRR 1p to some 20p"] to have it in print that raises were done but the share price rose 1p to 20p for a historical perspective of the share price rising.

Kindly come over to the other forum where this was postulated since everyone can read your reply. Thank you. End of conversation of 1 post & in reply to the hundreds of posts over months etc. Sun, 18 Aug 2024. Discussing as its puzzling about the above, Sir raised?

So, Sir, you dont accept all the broker reports of RRR which is cited on their website eg Edison, SVS Securities, Clear Capital [broker to RRR] & First Equity, Align etc, who do you rate and can you provide a broker report that is publicly available or name one from your Bloomberg Professional Terminal [ used by the investment professionals via City of London computer}? What!! Edison [of Dr Ryan in the past] not rated? I say?
Posted at 04/8/2024 16:11 by jlondon
---Red Rock Resources, Investors Chronicle [owned by Financial Times--
Fri, 2 Aug 2024 : RRR share price 0.05p [mid].

"Share Price Forecast : Red Rock Resource: The 1 Analyst offering a 12 mth price target expects Red Rock Resources to rise to 6p in the next year from 0.0525p."
"High 6p, Mid 6p and Low 6p."

Link:
Sun, 4 Aug 2024.

Note: The above can checked for --any co-- from the FT but that is under subscription. However, Investor's Chronicle, also owned by the Financial Times [FT] does the same format but it is free to view. I check for other co's as well to see what the current Analyst forecast price is. DYOR. NIA [No warranty given by me as it is --from an external site as above]. I tend to check as its is interesting to see the latest Analyst target for any co.

Re: Above Post 64/64, 4 Aug 2024 -I have --not--checked since it is from 2022 as to the origination text?
Posted at 04/8/2024 15:55 by kemche
A mere 8 bagger and I shall be breaking even. GLA LTHers!




jlondon13 May '22 - 11:46 - 8 of 63
0 0 0
RRR share price 0.4p to sell and 0.45p/0.5p to buy [advertised].

Live price quote:
0.401p to buy [same as yesterday]

0.4235p to buy [yesterday 0.4237p to buy]

So, live quote the same as it has been for DAYS since I started research on RRR.

--------------NO TRADES TODAY when I looked at London South East RRR forum
earlier today.------NO ONE LOST MONEY BUYING on any research info starting period including myself except for SPREAD as norm.----

Fri, 13 May 2022.
Red Rock Resources share price data is direct from the London Stock Exchange

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