Red Rock Resources Share Discussion Threads

[noirua] 18/2/2020 14:23

Red Rock's Half Year results were out on 29 March 2019, of course last year. In theory directors and senior employees could buy shares.

The gold price continues to rise at US$1,591 per oz.

Mid Migori is worth far more on the gold price rise. Still waiting for a mining license however.

[noirua] 18/2/2020 14:12

AIM Rule 21 – AIM Rule 21 previously imposed a requirement on AIM companies to ensure that, except in certain limited circumstances, directors and applicable employees did not deal in the company’s securities during a close period.

A close period was defined as the period of 60 days immediately prior to the release of the company’s annual accounts, the period from the relevant financial period end up to and including the time of the publication of half-yearly results (if relevant) and 30 days prior to the release of quarterly results (if relevant), as well as any other time that the company was in possession of unpublished price sensitive information.


As a result of the implementation of MAR, AIM Rule 21 was replaced by a requirement for AIM-listed companies to implement a share dealing policy which complies with a set of minimum requirements.

The definition of a close period (redefined as a ‘closed period’) was also amended to be the 30 days prior to the release of financial results.

The restrictions on dealing while in possession of unpublished price sensitive information remain.

[noirua] 18/2/2020 13:50

I've added 500,000 shares at 0.3325p a share. As with GEO, now EEE, I'm buying shares as the majority of bigger shareholders unload. GEO rose from 0.85p to 2.7p, up 210%. RRR is a loser for me now and the only big loser remaining as GEO became a profit maker in the end - your call guys.

[noirua] 18/2/2020 11:19

Temporary post deleted - went well.

[noirua] 17/2/2020 23:54

Glencore did indeed say it was pulling out of DRC. However, that was in 2015.
Last August Glencore did close the Mutanda cobalt mine. Since then the cobalt price has strengthened.

[torp] 17/2/2020 21:44

Time for the large holders to get rid of the entire original BOD here imho.

Share will not go anywhere until/unless that is done imho

[torp] 17/2/2020 21:42

Latest Annual Report (to June) contains the relevant details here:




Cash in the bank . . . just £64k

Total Current Liabilities . . . £2.8m

Admin Expenses . . . approx. £600k


For me, simply uninvestable

DYOR

[torp] 17/2/2020 21:36

Poor old Noirua, clearly done his money here like everyone else but just can't
let go and stop the shameless ramping of this utter POS.

Can only feel for him.

Annual Report (to June) here stated all you need to know:


Cash in bank . . . just £64k

Total Current Liabilities . . . £2.8m

Admin Expenses . . . £591k


It is for me a dead horse that hasn't stopped twitching and which desperados
like Noriua can't stop flogging. It's like someone still giving CPR to someone
who has been dead 3 days !

Nothing will ever change here and the larger holders and people like "Helpful"
on LSE have shot themselves in the foot by failing to oust the original BOD here.

RRR has already cashed in a bunch of "crown jewel" Jupiter shares to raise
cash and has also cashed in a bunch of RGM shares to raise cash.
One can only expect this asset stripping to go on imho. Value seeps away
every time it happens. Directors and expenses must be paid.

A quick look at the plethora of round sells on the trade list suggests to me that
someone is dumping as best they can in a market that has very little volume for
this awful share. Nothing changes. All imho. DYOR

.

[greenpastures2] 17/2/2020 18:12

Glencore is pulling out of DRC I believe so I doubt much will happen with Musonoi or am I missing something?

I also doubt Mid Migori will come to any thing. If you were part of the Kenyan Government would you want to? Or is there a legal reason why they have to?

[noirua] 17/2/2020 17:27

Musonoi and particularly Mid Migori are really the only cards left here to play. A King and an Ace, so much to play for here. Most other assets at RGM and Jupiter are really cash cows or maybe Bulls as they are quite substantial and should keep things buzzing along until the cards are dealt. - CIHL

[torp] 17/2/2020 17:09

The usual pile of nonsense from the only remaining ramper here

[noirua] 15/2/2020 16:42

Katoro Gold KAT update on its Tanzanian assets.
Good progress has been made regarding the disposal of its Imweru and Lubando gold projects to Lake Victoria Goldfields Limited for a total staged cash consideration of up to US$1.0 million and a 1.5% net smelter royalty.

Haneti Polymetallic Project, Katoro is plans to drill the two nickel sulphide and PGM priority targets, Mihanza Hill and Mwaka Hill, including joint-ventures, with its strategic value from the recent Mining Indaba conference in Cape Town.

[noirua] 15/2/2020 12:07

Para Resources shares remain in 'Trading Halt'.

[noirua] 15/2/2020 00:49

Anglo Pacific podcast. Anglo are involved with Red Rock over a royalties deal over the Mount Ida iron ore prospect in WA:

[noirua] 13/2/2020 20:39

Evil Knievil: Bosh from Johnson
13 Feb 2020

[noirua] 11/2/2020 19:46

Week commencing 10/02/2020 - US$3.85 (last week US$3.56)


Manganese price strengthens for the sixth week running.

Jupiter share price is still low at 27.5c ( since flotation the share price has been in the range 23c to 42c.)

[noirua] 11/2/2020 01:13

BUY call at British Bulls:
Major Bullish Reversal Pattern for POW - shares held by Red Rock.