Red Rock Resources Share Discussion Threads

[noirua] 15/5/2021 15:30

Red Rock like all small exploration miners is a high risk investment so just invest a small amount in the sector in general. Maybe 5% to 10% and perhaps more if financially secure and well heeled. Even the likes of BHP are cyclical and therefore high risk.

The header shows how matters are at present. Some of latter years investments by RRR are now coming to fruition pointing out the Kenyan gold JORC resource and even Elephant Oil now Elephant Oil Corporation.

The iron ore interests are now gradually coming into play with the massive iron ore resource at Mount Ida. Notably a lower grade resource that requires beneficiation so a few years yet before RRR sees a return of $8 million and iron ore royalties. Juno could be bought out meantime.

The Ballarat, Victoria gold flotation on the TSXv very much depends on the gold price and from that enthusiasm for gold explorers. At the moment gold has come off its floor around $1,670 to stand $200 higher and that is important.

Other interests are shown in the above header.

[torp] 15/5/2021 11:27

All the project detail in the world won't ever change fortunes here imho.
The BOD simply can not be trusted, end of. They need to be ousted and replaced.

They conducted loans and transactions with Amulet Diamonds and didn't RNS it
Came out 5 months later in the annual report

They didn't RNS Steelmin ceasing production

They didn't RNS a £1.1m loan to Steelmin

They didn't RNS Steelmin going into Administration despite RRR holding a 22% stake


If I were to put money in here I would be investing totally blind imho.
I mean what other loans have been made without being RNS'd? Who knows?

So any "sum of the parts" valuations are pretty meaningless imho.

As Kemche says, it's just a matter of when the next confetti issue is and making sure you don't get caught by it

At the end of the day there loads of better shares without these kind of fundamental issues.

DYOR

[kemche] 14/5/2021 13:13

Many have come.
And all have gone the same way.

Fundraising please!

[noirua] 14/5/2021 13:07

Mount Ida Project:
6) RRR holds royalties for iron ore commercial production at Mount Ida, WA. The Company also has a 1.3% gross revenue royalty over the Mt Ida iron ore project. Anglo-Pacific Group plc has an obligation to purchase 0.45% of this royalty interest from Red Rock for $8m upon the achievement by Jupiter ( now Juno Resources ASX:JNO ) of certain milestones, namely (a) a definitive feasibility study and decision to proceed, and (b) commercial production. -

Jupiter Mines has defined an Inferred Resource over the Central Zone of the Mount Ida Magnetite Project of 1.85 billion tonnes with a head grade (15% Fe cut-off) of 29.48% Fe, 45.88% SiO2, 1.10% Al2O3, 0.074% P, 0.201% S (ASX announcement 8/1/2013).

[the_debt_collector] 14/5/2021 13:04

Someone is confident recently acquired £190,000 worth of RRR shares.

From LSE...



'I took £180k ish in the Kansai deal and subsequently exercised some 0.75p warrants: next question! So about £190k and a bit'

[noirua] 14/5/2021 13:04

Juno Minerals Limited ASX: JNO, 1,216,108 shares held by Red Rock Resources PLC. Value at 17c a share is A$206,738.
Website:

It is not known if Red Rock bought any additional shares in the IPO of JNO.

[kemche] 14/5/2021 12:40

But a fundraising first please.

[noirua] 14/5/2021 12:37

Many of AB and Co's different interests have been going well or a lot better in the last 12 months and a continued but gradual recognition of this can be expected by markets in many domains as the future rolls on.
In the past AB has been caught in the slips or holed out at long on. However, he continues to play a straight bat of late and can bowl the occasional tricky googly and a surprisingly improving stand in wicket keeper who gets a glove on everything.

[kemche] 14/5/2021 11:22

Let's just have the bloody fundraising for gawd's sake.

[noirua] 14/5/2021 11:20

Upside presently is still the continuing upwards price of copper. Red Rock's tenements in DRC and indirect interest in DRC via Power Metal shares are quite a long way from a resource at Musonoi and others at even earlier stages. However, a sale of Musonoi which is surrounded by larger miners will have increased markedly in value in the last 15 months.

[noirua] 14/5/2021 11:14

Not a very good start for Juno shares as they finished trading at 17c down from the IPO price of 25c. RRR's holding is probably in escrow for 12 months. Chart at top of header.

[kemche] 12/5/2021 20:20

Bellend is innocent.

Righty-ho.

Sheesh.

[noirua] 12/5/2021 17:00

This song is about gambling with cards. However, investing or punting in micro-cap miners is quite similar even if many taking part fail to recognise it. If it goes wrong there is only one person to blame though so many look to blame others - possibly you were like me taken for a ride: Take it on the chin 'down we go' - some recover and others do not but remember remember remember, it was our call. It's tough to take I know but never blame and continue on.

Into the light perhaps like me you will rise from the ashes be that rise 27 years ago for me. Yes, battle battle battle on.

[onlyroadtoheaven] 12/5/2021 08:14

Nothing changes here then! RRR the laughing stock of AIM.

[kemche] 11/5/2021 23:05

There should be a huuuge demand for that.

[the_debt_collector] 11/5/2021 21:17

Looks like he has plans to list the Kenya Gold project.

[kemche] 11/5/2021 17:51

Good for bellend - he has not been able to enjoy some "Admin" expenses for a while now.

[noirua] 11/5/2021 16:52

Elephant Oil, Kenya, DRC etc', - podcast
Red Rock Resources' listing plans for Elephant Oil, Red Rock Resources Australia and Jupiter Mines
10 May 2021:

Sound is a bit blurred as Andrew looks to be in sunny climbs in Kenya or DRC.

[the_debt_collector] 11/5/2021 15:55

Very conservative valuations of the RRR suite of investments & projects equates to £30m

Current m/cap £10m

Cash & liquid investments.... £5m
IPO of Aussie projects..... £5m+
IPO of Juno and Elephant Oil.... £1m-£2m
IPO of Kenya Gold - JORC 1.2moz..... £8m-£10m
DRC project (copper/cobalt) £2m-£3m

This is what the bashing brigade are trying to hide

RRR worth 2.5p+ a share right now