Red Rock Resources Share Discussion Threads

[noirua] 14/8/2019 14:21

Off topic:


Primed for performance. An awful lot of priming going on and burying the dead contracts and assets.
March 2019
On topic:

Time for Red Rock to own up on their present loan book and cash shortage.

Will DRC and Kenya save the day????????????????????????

[torp] 14/8/2019 13:04

11 Lithium-Ion Battery Makers That Don’t Need Cobalt



"Lithium iron phosphate (LFP), lithium manganese oxide (LMO) and lithium titanate
(LTO) batteries are cobalt-free."

AESC

"Nissan and NEC’s Automotive Energy Supply Corporation makes combined LMO-lithium
nickel oxide cells."

BYD

"The Chinese coaches-to-storage giant BYD has a line of NMC products for its
electric vehicle business but “right now is one of the biggest LFP players in the
storage market,"

CALB

"Like BYD, the China Aviation Lithium Battery Co. makes LFP and NMC lithium-ion
batteries. It was the tenth-largest supplier of electric bus batteries in China
last year"

CATL

"Like CALB, CATL makes both LFP and NMC batteries for the electric bus market."

CONAMIX

"Ithaca, New York startup Conamix has been cagey about its cobalt-free lithium-ion battery technology. And the air of mystery seems to have paid off, with the company last month raising an estimated $2 million in Series A funding from backers including Volta Energy Technologies"

IONIC MATERIALS

"Renault-Nissan-Mitsubishi Alliance in January announced a strategic investment
in Ionic Materials, a startup developing solid-state cobalt-free battery materials"

LISHEN

"Chinese battery maker Tianjin Lishen Battery makes LFP batteries with
MesoCarbon MicroBead anodes for electric vehicles"

LITHIUM WERKS

"Fast-growing LFP battery maker Lithium Werks has been on the acquisition trail
this year. In February, the Austin, Texas-based company bought another LFP
Manufacturer, Valence Technology"

MURATA

"Murata’s energy storage modules are built from olivine-type LMP batteries."

SAFT

"Veteran French battery maker Saft makes LMO batteries and what it calls
"Super Lithium Iron Phosphate’ cells" which it says have a superior performance
compared to standard products"

TOSHIBA

"Japanese conglomerate Toshiba makes LTO batteries for vehicle, industrial and
infrastructure applications. Last month it trumpeted a collaboration with
Japan’s Sojitz Corporation and Companhia Brasileira de Metalurgia e Mineração
of Brazil to develop a next-generation lithium-ion battery"


DYOR

[noirua] 14/8/2019 13:00

Tesla on fire:

Cobalt is the safe element in the cathode. As you reduce it, you reduce the life cycle of the cell. The current market standard for electric vehicles is an eight-year warranty to retain 80 percent of the original capacity of the battery. - 21 Jun 2018

[torp] 14/8/2019 12:33

Gosh Noirua, given you're just repeated the same drivel numerous time I guess it must be true right?

That's what counts isn't it. Not the plethora and wide variety of sources
and articles all warning that cobalt is ultimately going out of batteries,
but rather the number of times you simply repeat your rhetoric . . . . !

#boilerroomlackey

[noirua] 14/8/2019 12:26

Lithium-ion Explanation:

[noirua] 14/8/2019 12:10

Gold moving forward once more.

Tesla low cobalt batteries have presented problems - catching fire. No point buying a $50,000 car just to end up as toast.
Also the low cobalt price is attractive compared to nickel that has risen sharply in price. Manganese has also fallen back whilst accepting they use high grade.

Tesla on fire:

Cobalt is the safe element in the cathode. As you reduce it, you reduce the life cycle of the cell. The current market standard for electric vehicles is an eight-year warranty to retain 80 percent of the original capacity of the battery. - 21 Jun 2018

[noirua] 14/8/2019 11:34

Tesla low cobalt batteries have presented problems - catching fire. No point buying a $50,000 car just to end up as toast.
Also the low cobalt price is attractive compared to nickel that has risen sharply in price. Manganese has also fallen back whilst accepting they use high grade.

Old links there Torp - not to your usual standard. Low priced cobalt and manganese are attractive.

[torp] 14/8/2019 11:31

Even more bad news for Cobalt . . .





"Adelaide, AUSTRALIA – 11 April 2019 – sonnen has launched an industry wide manufacturer initiative to push the use of cobalt-free lithium ion batteries for home storage systems to increase awareness for more sustainable materials and longer-lasting batteries. To start with, sonnen will be introducing a trust mark, which will make it clear to customers and installers that its batteries are cobalt-free.

“Our customers are not only taking a sustainable approach when it comes to their energy, but also in the manufacturing inputs of products. As a global leader, we want to send out a clear signal for less cobalt and that greater sustainability is needed. We would like to encourage other manufacturers to adapt their technology for the benefit of the environment and communities,” said Christoph Ostermann, CEO of sonnen."

"Since the company’s founding in 2010, sonnen has exclusively used lithium iron phosphate batteries in its storage systems. Along with the fact that they do not contain any cobalt, independent studies 1,2 have shown that these types of batteries offer greater cycle stability and improved safety."

[kemche] 14/8/2019 11:29

That should help.

[noirua] 14/8/2019 11:25

Tesla low cobalt batteries have presented problems - catching fire. No point buying a $50,000 car just to end up as toast.
Also the low cobalt price is attractive compared to nickel that has risen sharply in price. Manganese has also fallen back whilst accepting they use high grade.

[torp] 14/8/2019 11:06

Your article there like so many others confirms that we are going to have to wait
until 2022/2023 for the cobalt surplus situation to abate. Not sure that's a time
period that will attract investors here to hang around hoping for a successful DRC
project, especially with RRR's dire track record of projects.

Also that article comes with the following disclaimer:


"Facts relied upon by our Writers are generally provided by the subject
companies or gathered by our Writers from other public and/or private sources.
These facts may be in error and if so, the opinions of our Writers may be
materially different.

Often times InvestorIntel Writers will utilize advertorial companies as
content sources . . .

This is because we represent many of the leading companies in various sectors
covered in our sites. Our advertisers are publicly disclosed at all times and
listed in alphabetical order on the right column of each affiliated section."



In addition the article quite shamelessly scaremongers about the dangers of
batteries catching fire when they have little cobalt in them even citing Tesla.

Tesla have already declared to the world that they have already reduced cobalt
in their batteries to a tiny percentage and are busily developing cobalt free
batteries.

Other companies too are developing cobalt free batteries and various articles
state that DRC cobalt is considered
"the blood diamonds of the battery world"

Any way you cut it, cobalt in electric car batteries is unwanted and the writing
is very much on the wall for it. Small surprise then that those involved are
trying to milk the cow as urgently and as much as possible before that axe
ultimately falls imho.

I'll post up some examples

DYOR

[kemche] 14/8/2019 10:46

BellendEttie,

But it's unfair to subject the shareholders to your unending avarice. My advice is to find a new hobby other than pies and trough. Trying to squeeze yet more money from the poor hapless shareholders here is sucking the last vestiges of life and vitality out of the beaten up mugs.It is the equivalent of repeatedly kicking a dog when it's down. Have mercy upon them.

[noirua] 14/8/2019 10:43

The gold price has fallen away back to US$1,500. The copper price remains disappointing.

[noirua] 14/8/2019 10:25

The cobalt market prepares for another ride
13 August 2019



Despite thrifting, cobalt demand is set to surge driven mostly by the EV boom. The forecast suggests by as early as 2022 or 2023 we will start to see cobalt deficits. Furthermore, the deficits are forecast to grow substantially each year.

[torp] 13/8/2019 20:24

That's probably because this BOD have been doing the same song and dance routine for too long. Using the company for personal enrichment at the expense of shareholders. Any negativity is purely that which the company brings upon itself through it's frankly atrocious actions. I simply state what has happened, what the BOD has done and continues to do. You can't argue with facts.

The share hasn't been beaten up, it has been destroyed by the actions of a greedy BOD.

Let the readers decide if the facts show that the BOD actions are a positive or negative influence.


DYOR

[atinos auntie ettie] 13/8/2019 20:08

Please exit the stage, you have been doing the same song and dance act for too long. Your opinion is your own and welcome to it but it's unfair to subject others to your negativity. My advice is to find a new hobby. Trying to squeeze the life and vitality out of a beaten up share is the equivalent of repeatedly kicking a dog when it's down.

[torp] 13/8/2019 19:28

lol Noirua

I wouldn't personally touch this with a barge pole !!!

Company has a long history of repeated dilution, on an industrial scale !

Company has a long history of failed ventures, latest Steelmin now in Administration

Company has a long history of spending many £millions on Admin Expenses

Company only had £27k in the bank as at 31st Dec

Company had total current liabilities at that time of £2.7m

Company spent approx £850,000 last year just on Admin Expenses

Plus £306k on "Other Project Costs"

They have recently taken to not RNS'ing loans, transactions and events

Loans made to Amulet Diamonds that were unsecured, not interest bearing and
no fixed maturity or repayment date. Not RNS'd !

Loan of £1.1m made to Steelmin, also unsecured. Not RNS'd.
Steelmin now in Administration

Both loans are now likely written off.

Company has already lowered the nominal share value from 0.1p to 0.01p
so that dilution could continue

Company has already done a 20 to 1 share consolidation


and so it goes on.

This is imho uninvestable. Totally.

Nothing will ever change here because the same BOD are still in place and they
have but one Modus Operandi. Keep putting fingers in pies, keep dangling
carrots before mugpunters, keep isusing confetti, keep spending £millions
on Admin and other expenses, keep taking salaries despite years of failure
rinse repeat

BOD must go

DYOR

[noirua] 13/8/2019 12:46

Despite holding RRR shares I try to see things from both positive and negative positions. If I'm negative about certain matters as you are Torp, it does not mean the shares are a sell at the present price. Quite the contrary in fact.

[torp] 13/8/2019 12:42

Resident ramper appears to be getting more and more desperate. Obviously in way too deep in this POS and can see the dilution coming a mile away as he has posted above.

We've all seen this before. Punter thinks they know better than everyone else, they punt it, the share price goes South, they get jittery, they start begging for news, any news, just an RNS that might tickle the markets enough for them to get out without too much of a loss. Sad to see.

Problem is you'd be investing blind now.

Bell made loans and transactions with Amulet Diamonds and chose NOT to RNS that to the markets and shareholders. Those loans were "non-interest bearing and have no fixed maturity or repayment date". Shocking.

The company now expects that money will be written off.

Bell also loaned a further £1.1m to Steelmin which again was NOT RNS'd to shareholders. That loan was unsecured. Steelmin then went into Administration.
I fully expect that money to also be lost.

Steelmin went into Administration last Feb but even now the company has not put out any RNS to state this.

What other loans have been made behind closed doors that shareholders are not aware of?! You just can't know.

That's why this, for me, is totally uninvestable.

DYOR