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RRR Red Rock Resources Plc

0.0525
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Red Rock Resources Investors - RRR

Red Rock Resources Investors - RRR

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% 0.0525 08:00:00
Open Price Low Price High Price Close Price Previous Close
0.0525 0.0525 0.0525 0.0525 0.0525
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 04/5/2024 10:05 by noirua
WEEKEND LISTENING:
Master Investors Show - 2024 - Evil Knieval.
Posted at 20/4/2024 14:58 by kemche
TWO MAJORS ARE EXPORTING Law 101 therein on IMPORTS as the mining world will want to know. The universe will also want to know as norm therein Given it is "Extreme Radiation"------WILL BE ON INTEREST!!! But not OFF it as norm law 101. STOPPED EXPORTS and DONE A RECALL, is it going to be CHECKS??? Law 101 as norm therein. CHECK GLENCORE'S EXPORT OF COPPER AS WELL as norm law 101!!! HOW DOES IT AFFECT GLENCORE'S COPPER EXPORTS FROM DRC??? Does it not, yes, no law 101 as norm. IT IS NOW GETTING STICKY but cold as the flowers BLOOMS HAS GIVEN 10 HRS AGO RE ZIJIN as norm in species law 101.

ANYTHING THAT AFFECTS MINING INCOME HAS TO BE REPORT!!! In species!!! BLOOMING ECK!!! PUBLICITY OF MUSONI ON THE WORLD as norm!!! No? Yes? Maybe? Then!!Cobalt is derived from the COPPER mining is it not yes? BIG IMPLICATIONS AND BIG MONEY INVOLVED NOW.LITIGATION OUTCOME IS NOW DUE!! No? As norm. GLENCORE being a listed public co. ---------------------Await Mr Bell, Chairman of RRR re: Musoni Central @DRC--------------------------GOT THE MAP OF DRC OF KCC [KAMOTO, GLENCORE & ZIJIN COMMUS-------------
-GLENCORE @KCC HAS 3 LICENCES:see Proactive Investors 2019 JV article below. But not above. Yes? No? Then! As norm law 101. Interesting. Sat, 20 Apr 2024.
Posted at 20/4/2024 12:44 by noirua
Copper is back as investors cash in on the ‘reflation trade’
A new commodity upswing is under way, creating widespread opportunities for investors. But pundits warn that could also contribute to stickier inflation keeping rates higher for longer. - Apr 12, 2024 –
Posted at 13/4/2024 16:02 by noirua
Red Rock is troubled on the cash front and mixed views among Investors
therein at Red Rock.
The gold is in the ground, royalties have not arrived yet, and some gold
might be there who knows, however?
Himself is Burkina Faso bound but how much time to gold production?
Maybe Red Rock just wants to flog its interest off after Himself pushes the
pond into production - go for it AB.

Other concerns to how anything else can be carted off to new holders.
Kenya needing licenses renewed has quite poor drilling results so not
easy to sell. Musonoi does not look encouraging.

NBGC looks like a longer-term IPO so not worth considering for cash.
Can El Limon royalties be transferred to a new owner or sold back to
Soma. Possibly in this market and the easiest way to go - go for it AB.

Anything else? - err no!
Posted at 10/4/2024 10:45 by noirua
Meanwhile, RRR looks to travel on up but sees AB shotgun in hand so stays
near ground level though beckoned forth by DL.

For Jupiter investors - shares are up over 40% in recent days. Once an RRR
major holding but no more. Mind you RRR were out at 30c or so.
Posted at 01/4/2024 12:41 by dead duck resources
I find myself agreeing with the honourable gentleman from Arlington Street, the self-indulgency must stop. Down with CEO lifestyle companies in the guise of mining and other self-indulgent enterprises.

As a courtesy to loss-making investors we call for a reversal. This April Fools Day I petition the CEO to invest his Red Rock wealth from exorbitant salary and bonuses back into the Company and then redistribute this to shareholders as a special dividend as partial recompense for losses.
Posted at 28/3/2024 09:13 by kemche
Where to begin even?

I suspect that RRR will not be like that other company that went up 876,983%.

Kenyan licence up for renewal (again).

ALR on the back burner until after the Chinese New Year. We are no longer to be judged on our exports. The 5 Chinese buyers get no mention. The team on the ground get no mention. No photos.

DRC - same as it ever was.

ELEP - into the long grass.

" In the case of delay, we would need to accelerate alternative funding measures, whether by fund-raising or a sale of non-core assets, to strengthen our balance sheet and to meet our ongoing working capital requirements." And there it is!

NBGC - "we are currently conducting due diligence to ensure that these assets would support a post-acquisition rapid development strategy, following which we intend to put to shareholders the issue of the initial consideration shares. In parallel, we are engaged in discussions with potential investors in these assets, either at the pre-IPO stage or immediately, in part or in whole." So no then.

BF - "we should not lose time in establishing our own, legal, operations." Ok then.

IC -" exposed the projects at the PDAC mining conference in Toronto, from which we have some new interest expressed." Alrighty then.

And now the nitty gritty - loss for the 6 months £1.5m. "Admin" - as per usual.

Note 11 - always the obscure note. Proceeds from new borrowings - £789k - for which the lenders are thanked.

IF $5m is EVER received from DRC then obviously it will be used to pay back the £2.039m of loans, the creditors built up of £1.7m, the legal costs of DRC leaving £356m for the shareholders.


Bad commentary incoming!
Posted at 14/3/2024 09:41 by noirua
Investors are somewhat confused by the buying for £1.5m the 49.9% of NBGC owned by Power Metal. Red Rock said they are advanced in selling two assets and instead bought one more. This is very much like going out to sell a car and coming back home with the original car plus one more - maybe someone has a screw loose?

Of course, if AB comes back and can announce that $7.5 million is in Red Rock's Bank account that changes matters even though Power Metal looks to have done a deal with all screws firmly tightened.

The gods themselves are scratching their heads over all this.
Posted at 27/1/2024 10:39 by noirua
I don't know what to believe these days at Red Rock Resources PLC. Mind you microcap explorers all have difficulties fundraising these days. Red Rock is alive, kicking, and punting projects whilst most hibernate to survive.

-----

Another company in China started in a large building somewhere in China. It turned out later that backhanders paid for new signs just for one weekend Afternoon and the building was owned and let out to other companies. The old signs had been put back.

No one queried why the signs were in English and not in Mandarin.

The shares came to the market on AIM. They said they had large fields for much sort after Forsythia and reported large crops and sales.

The share rose rapidly in price with much good news and paid dividends. They offered a 20% discount to shareholders reinvesting and most did.

Meanwhile, Chinese investors sold into the market taking big profits but the shares stayed high on continued good news.

Then frosts arrived and killed the following year's crops. I did wonder as my Forsythias are very happy when frosts arrived. The shares fell.

Later on, after Chinese investors bought back in they bought more fields the crops revived and so did the share price and dividends continued. The shares went up and Chinese buyers returned to sell with good news continuing.

After this news was not good as there was a labour shortage and the shares fell. Strange that.

Then one day the shares were suspended. The Chinese owners were nowhere to be seen or the mysterious fields full of Forsythia.

Thus investors lost all their money. AIM remained silent and time passed and life carried on as normal.

You may be able to remember the company's name.
Posted at 11/12/2023 17:22 by noirua
11 December 2023 - RNS

Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, copper, cobalt, lithium and other minerals, announces that it has placed 100,000,000 ordinary shares pursuant to a GBP110,000 subscription by a high net worth investor at GBP0.0011 per share ("Subscription").

The investor has provided personnel on an assignment to work with the Company on bringing lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establishing an export pipeline for lithium.

The Company has paid for a number of costs in advance and where there was urgency to meet additional costs these have been funded by the investor on the Company's behalf. Settlement of these agreed costs, amounting to GBP58,204.62, constitutes part of the Subscription.

Cash proceeds of the Subscription are for working capital purposes as the Company continues to develop its projects in Africa..

Highlights

-- GBP110,000 net raised by the issue of new shares to a single high net worth investor
-- All costs for the export of the first 200 tons of lithium to destination port are fully paid
-- A geological team led by Dr Willem Smuts and including our local personnel has started to assemble in Burkina Faso to begin work on the first targets including alluvial/colluvial areas

-- Progress continues in Kinshasa in relation to the arbitration award announcement
Red Rock CEO Andrew Bell comments: " This has been an extremely busy, but also a productive, period for the Company. We will continue pushing forward through the Christmas and New Year periods, as we pass, or approach, critical milestones. Further announcements will be made when appropriate."

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