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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Red Rock Resources Plc | RRR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.025 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.025 | 0.025 | 0.025 | 0.025 | 0.025 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 10/7/2025 10:07 by backmarker Haha. Kemche is a bit more normal on other boards. I think he uses this board to let out his "inner clown". Let's face it, RRR is one screwed up share where nothing much is real and much is now fantasy. So let him rant away - in specie, of course, and having due regard to Rule 101 subsection 3.7 clause 8 (revised). |
Posted at 03/7/2025 16:52 by noirua when the RRR share price was 0.0275p. kemche, even the big man is unlikely to want a merger with RRR unless he sellshis shares in London BTC first. Maybe he is another secret funder of AB and RRR at a price. |
Posted at 12/6/2025 10:55 by 1waving .Once the Supreme Court publishes the judgement against VUP, that will enable the Arbitration to be completed. VUP do not have the means to pay the Supreme Court $2.5 million award plus $2.05 million legal fees and interest, due to RRR. The $15 million due in the Arbitration would enable VUP to pay that $2.5 million plus $2.05 million owed to RRR. In Arbitration, rather than the $15 million due being split $7.5m / $7.5m, that would be $12.05 million to Red Rock Resources and $2.95 million to VUP, to also settle the outstanding award from the Supreme Court. EDIT --- Key Phrase in the RNS:-- " The current Supreme Court proceedings, where a judgement is in the course of issuance, is expected to give finality on key issues. " . |
Posted at 12/6/2025 10:09 by noirua Nothing has changed in the RNS today. The background still shows RRR must raise cash as theArbitration trundles on- albeit the clarification announcement appears marginally bullish in my view. The court order several years ago was against VUP SA, and RRR was awarded $2.5 million + $2.05 million. The $5 million was originally paid to VUP by Kamoto Copper Company, which is owned 75% by Glencore and 25% by Gecamines. These holdings are held by subsidiaries of both companies. "VUP" SA, which stands for Vumilia Pendeza SA, is a Congolese company involved in a joint venture agreement with Red Rock Resources PLC. The joint venture focuses on copper-cobalt assets in Katanga province in the Democratic Republic of Congo (DRC). Red Rock Resources owns 50.1% of the joint venture. In 2021, VUP took legal action against parties including Kamoto Copper Company SA, a subsidiary of Glencore PLC, claiming a $15 million sum related to a purported surrender of the joint venture assets to La Générale des Carrières et Mines (Gécamines), a DRC state-owned company. This claim stemmed from a purported Amicable Termination Transaction Protocol. Red Rock Resources has been pursuing legal remedies in the DRC and elsewhere, seeking to protect its interests and obtain financial compensation. Red Rock has received favorable court orders in its favor, including payment orders. However, Red Rock emphasizes that obtaining a judgment does not necessarily mean receiving funds and that further legal steps are needed to enforce the judgment and potentially recover funds. Additionally, Red Rock has secured orders against VUP and others in the DRC which protectively seize 50.1% of the $5 million understood to have been paid so far. |
Posted at 11/6/2025 00:30 by noirua Shaun@Shaun57568976 Andrew. What happened @ the DRC about arranging the litigation payment? What about the business deals in the DRC? When is the RRR agm? What about the POW payment? What's the latest re: Faso production? Also the sale of assets? How is RRR surviving with no money? 🤔 4:11 PM · Jun 9, 2025 63 Views David D @davidhd77 The Half Year Report on March 31st stated: "We are now at the point where the judgement is near the point of publication". That was 10 weeks ago. Near is obviously a relative term. 4:25 PM · Jun 9, 2025 22 Views |
Posted at 04/6/2025 08:21 by onlyroadtoheaven No one falls for it anymore. So many years of incompetency. Everyone "knows" RRR and how it is run. Many people burnt by Bells leadership. RRR really is a laughing stock. |
Posted at 23/5/2025 11:45 by noirua The Arbitration cash is just mildly puzzling. V.U.P. sued Kamoto Copper for the $15 millionoutstanding for the Musonoi Area 1 tenement before the case was apparently halted when RRR found out about the illegal sale of the tenement about three years ago. RRR won two cases against V.U.P. in a DRC court. The ruling found in favour of RRR, who was first awarded $2.5 million and then awarded $2.05 million in compensation and costs. RRR have not received any money so far. The Arbitration Panel has yet to deliver a decision on the sale of the Musonoi area one. Since that point, Kamoto Copper has not been mentioned. RRR and AB have said Gécamines is holding the $15 million; however, Gécamines has not commented. Kamoto Copper Company - KCC - is a copper and cobalt producer in the Democratic Republic of Congo, jointly owned by Glencore (75%) and Gécamines (25%). Katanga Mining, now Kamoto Copper, owned two tenements at Musonoi adjoining RRR's 50.1% owned Musonoi Area 1. La Générale des Carrières et des Mines (Gécamines) is a wholly state-owned mining company where the Democratic Republic of Congo is the sole shareholder. |
Posted at 23/4/2025 10:34 by kemche This is dynamite re the $10m he expects it to'come out pretty quickly and when it does the payment will follow automatically' That's nearly 3x the market cap alone Time to get in here, $10m Congo cash on the horizon, Lithium sales and gold production, just listen to the interview. Only £3m m/cap. So this dispute is over $15m, so has RRR turned down a immediate cash payment of $7.5m, it seems their case is strengthening. NDA's currently in place (guess with who) concerning Red Rock acquired & to be acquired lithium licences in Zimbabwe. This dog is about to bark :-) Hopefully another liquidity event is just around the corner, nearly 2b shares traded over the last 3 sessions. Positive news from the Congo and you could get 2b shares traded in a day, market values RRR at a mere £4m, Lithium production, Congo cash ($10m), Elephant Oil IPO (worth £1m/£2m to RRR) + Kenya Gold and royalty investments - Cheap. |
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 13:54 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. . |
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