Red Rock Resources Share Discussion Threads

[clunes100] 22/11/2020 11:00

Bell is playing his end game cards...............

He must be looking forward to retirement and I am sure he is already comfortably well off in that department, however, I am sure he both wants to go out with a bang and have an extremely comfortable retirement.

RRR has a few game changing prospects, Bell needs at least one of these to come to fruition and his stake is worth £430,000 for every 1p rise in share price plus future salary and consultancy fees.

If RRR is going to have a success, the cards are now being played and funded by the JMS shares until other JV's or revenue is in place.

We are in the end game and the the one arm bandit has been pulled and we'll know in the next 12 months if we have made or lost a fortune, but you have to have some skin in the game to enjoy the highs and lows of the ride with Bell.

[kemche] 20/11/2020 13:19

It's all about Luanshimba now.

Sheesh!

[noirua] 20/11/2020 12:44

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and copper, announces that today a team mobilised to Red Rock's 80% owned Luanshimba license in the south-east of the Democratic Republic of Congo, to begin a programme of geophysics to follow up the strong copper and cobalt anomalism identified in the southern part of the license by a programme of termite mound sampling in late 2018.

I'm wondering here why? This is because RRR have enough on its plate getting to a JORC resource on Musonoi which is now not that far off two years late being achieved.
Extra costs for such an early stage at Luanshimba is worth questioning.

[kemche] 19/11/2020 13:54

My giddy aunt - is there no end to the buffoonery?

CLNs.

[noirua] 19/11/2020 13:51

The present gold and silver shares market is very weak at present as gold continues its relentless fall from grace. If there is no improvement Red Rock will need to shelve its intended float of Australian tenements early into 2021.

[noirua] 18/11/2020 11:08

PROGRESS REPORT - African Exploration Assets 15 June2018

Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation ("Kansai") of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018 ("2018 Agreement").

The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a USD50,000 payment, leaving Red Rock with a 100% interest.In the event of a renewal or reissue of licenses covering the Assets the Company will within three months make further payments, subject to such renewal or reissue not being on unduly onerous terms, as follows: (1) USD2.5m payable in cash, (2) a USD1m promissory note payable 15 months after issue, and (3) GBP500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue.

-

Looking at 3) it does seem that RRR should have issued GBP500,000 shares at 20% above their average closing price. 0.775p x 120% = 0.93p.

RRR have issued the following: -- Grant to Kansai of GBP500,000 of warrants exercisable for 30 months into Shares at 0.7p a Share. [71,428,571 shares]

This is not in accordance to the agreement!

[kemche] 18/11/2020 09:13

CLNs next.

[kemche] 18/11/2020 09:13

Confetti Bell strikes again.

[noirua] 18/11/2020 07:59

Red Rock Resources plc Issue of Shares, Warrants, update on Kenya and TVR
-- Payment of GBP25,000 to Kansai by the issue of 3,571,429 Red Rock shares ("Shares") at a price of 0.7p a Share;
-- Issue of a $1,000,000 Promissory Note payable in fifteen months to Kansai;
-- Grant to Kansai of GBP500,000 of warrants exercisable for 30 months into Shares at 0.7p a Share. [ 71,428,571 shares ]

In addition, Red Rock has issued to Riverfort Global Opportunities PCC Limited and YA II PN Limited a total of 16,000,000 thirty six month warrants, exercisable as to half at a price of 1.6 pence a Share, and as to half at a price of 2.4 pence a Share, in consideration of the extension of existing facilities and grant of a six month repayment holiday on drawn amounts.

Following the issue of the 3,571,429 new Ordinary Shares, the issued share capital of the Company consists of 825,338,881 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

[the bull] 18/11/2020 00:52

I managed to sell my 2m holding at 1p and made a reasonable profit. I just lost trust in the management. But I have to say, the price has held up well and maybe I will live to regret it. Good luck to any holders, one that got away from me maybe. By the way, you are welcome over to JLP, GLR or KAV which i think all will do really well. Notice i couldn't say the same about PREM but who knows?

[torp] 15/11/2020 20:51

Wow !

Only 9,524,914 Jupiter shares left and that was at 18th May 2020 according
to Jupiter Annual Report (pg 82)!



Good spot Noirua

Bell has clearly been pawning away in the background

Lots of value lost imho. How much of the proceeds went to salaries, admin and expenses?

DYOR

[noirua] 15/11/2020 16:00

Foods to eat to help you exit planet Earth sooner:

[noirua] 15/11/2020 15:58

Food to eat to keep you on planet Earth longer:

A lady in Italy who passed away at 117 years of age said, eating regularly in small portions was the reason for her long life. That means eating at exactly the same time each day. Avoid artificial food; Cake, biscuits, bread, pasta, pizza...

[noirua] 14/11/2020 21:05

No 5) Greenland in header which is now complete.

[noirua] 14/11/2020 13:13

Header revamp is now underway this weekend.

NB: Update at 2) in the header.
A link has been added, not quite complete, to prove each statement numbered.

[noirua] 14/11/2020 11:03

A huge gold nugget named the Welcome Nugget weighing 68.98 Kilograms - 2217.7585 troy ounces was found at Ballarat in June 1858. Today it is worth in weight. Valued at US$1890 ounce = US$4,191,563.57.

Two Welcome nuggets = 1 Red Rock Resources.

[kemche] 13/11/2020 18:58

Excellent news.

[noirua] 13/11/2020 18:15

Header revamp is now underway this weekend.

[noirua] 12/11/2020 12:33

Evil Kneival at play and padding out his boots:

[greenpastures2] 12/11/2020 10:17

That was I thought in 2017. I wrote the loss off.

[60000 muppets] 12/11/2020 09:37

This time next year Rodders

[torp] 10/11/2020 17:17

Kemche - "Another fundraising soon?"

Have the participants of the last one managed to flip their shares yet?

I'm thinking not. share price dropped below the placing price of 0.8p pretty quickly
so I'm wondering if they are now locked in. If so, can't imagine they will be
eager to go for another round of the same.

Now only about 1 month before the deadline for the £830,000 (plus 12%pa interest)
worth of Convertible Loan Notes which are convertible at 0.6p.

Will they get rolled over and kicked down the road for a forth laughable year?

Or will the holders convert and maybe sell for a modest profit?

Either way can't see any reason to buy shares here above that 0.6p conversion
price myself.

DYOR

[kemche] 06/11/2020 15:36

Whoosh!

Another fundraising soon?