Red Rock Resources Share Discussion Threads

[noirua] 03/6/2021 17:48

Red Rock is in a position where timing comes into play with money already in from a placing (£1 million at 1.05p) plus some dividends and royalties. The dividend from Jupiter is about - I'm not sure how much due to shares being escrowed against loans and maybe further selling of Jupiter shares.

Particular outgoings are £55,000 for Juno shares and £200,000 due short term to convert warrants in Power Metal - of course these could be immediately sold for around £480,000 but maybe there is an escrow agreement or red face involved in doing so.

Ongoing costs are usual company expenses and salaries. Other costs involve Red Rock Australasia Limited where there are salaries due and ongoing exploration costs shared with Power Metal: Plus substantial costs and fees regarding flotation on to the TSXV.
Further costs continue in DRC, Luanshimba and maybe Musonoi.
Exploration costs in Kenya continue to increase the resource over there.

kemche may well be a pain in the buttress. But at some point Red Rock will need cash coming in and they can hardly do that without selling assets, selling shares or a placing or maybe a Primary Bid cash raising.

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Both Red Rock Resources PLC and Power Metal Resources PLC are on similar paths but certainly not the same track. That seems to be selling off assets in whole or more likely in parts together with ongoing royalties.

The setting up of a joint company maybe 'Red Power Resources PLC' might not be as far off as many may think.

[kemche] 03/6/2021 09:41

Shrewdies buying before any possible fundraising.
It's all about Amulet and Steelmin now.
And sweet factory.
And Shyte Creek.
And Greenland.

[greekhovel] 02/6/2021 08:39

Remember mug punters only buy when shares are already up 30%+ and on a roll.

[the_debt_collector] 02/6/2021 08:33

I would not rule out a announcement during the day as opposed to 7am concerning the Canadian listing of the Aussie licences.

The nearest AIM listed peer is ECR Minerals, who have a £20m m/cap, it was £35m in March, they have licences nearby to RRR in Aus.

The Canadians tend to place higher valuations on gold explorers.

So there we have it, no wonder RRR believe the IPO will add significant value to Red Rock, RRR have 51% and are only valued at £10m.

Buy when no-one else is to make the best gains, 2p+ is nailed on here IMO.

[kemche] 01/6/2021 08:33

This is huuuuge news.
Fundraising please.

[observer007] 01/6/2021 08:22

I believe RRR commented that the Canadian listing will deliver significant value to shareholders, one reason I have taken a position.

The RRR licence area in Victoria is surrounded by 20m ounces of gold, RRR picked up these licences in a bear market and will reap the rewards in this bull market.

See pages 9 and 10

[the_debt_collector] 01/6/2021 07:51

Anyone on the wrong side of the trade here had better watch their backs.

Paul Johnson hints about the RRR/POW Aussie gold JV listing in Canada, news is imminent !

This is a real company changer for Red Rock, interview released yesterday.

[kemche] 31/5/2021 05:30

Let's just have the fundraising for gaw'd sake.

[noirua] 30/5/2021 11:41

Is gold set to tear even higher? Four key charts to watch
May 27 2021

[noirua] 29/5/2021 18:50

Torp, most of what you say is absolutely correct. However, we are in the 'here and now' and to newer investors, those arriving since March 2021, it is a new ball game.
We all lose money on shares and that is a fact and for very many reasons. Some of us can move on fairly easily and in time it is a near forgotten blur: Others cannot and that is for them, and it remains for them, an unforgotten fact to their detriment and sadly they make it so for others as well.

[torp] 29/5/2021 18:11

Observer007 - "It is interesting to note that Red Rock seems to have around 20% of their shares held by just 3 individual investors, the main one being Charles Richard Topham who holds circa 15% of the equity.

One assumes these individuals are no fools and are here to make money."


Yep and there's no reason to believe that any of these people care a fig about
existing shareholders anymore than Bell does. They are here to make money
for themselves.

That they have failed to oust Bell in all this time suggests to me that they aren't
particularly smart and that Bell was a bit too wily for them. Of course they
will say that it's advantageous for them to have Bell around for the various deals
and projects. Fact is there's 17 years history here and it's mostly a dire track
record. Mostly just endless confetti share issues to raise cash, and huge amounts
of it frittered on admin and expenses and lots of projects in disparate places
that came to nothing.

RRR remains for me uninvestable. A sucker share.

DYOR

[noirua] 29/5/2021 16:35

Jupiter Mines Limited:

Sakumzi Justice Macozoma (Saki) is a South African former political prisoner who is now one of South Africa's most prominent businessman and a leader in civil society.
He is chairman of Tshipi é Ntle Manganese Mining (Pty) Limited, Safika Holdings, and Ntsimbintle Newco Mining that has a 50.1% interest in Tshipi é Ntle Manganese Mining (Pty) Ltd.
Ntsimbintle Mining BEE have a 74% interest in Ntsimbintle Newco Mining. Ntsimbintle have a 50.1% interest in OM Holdings Limited ASX:OMH quoted on the Australian Stock Exchange. OMH owns a 26% interest in Ntsimbintle Newco Mining.
Jupiter Mining, a company quoted on the Australian ASX, own 49.9% of Tshipi é Ntle Manganese Mining (Pty) Ltd. Ntsimbintle Holdings Limited owns 19.9% of Jupiter.
Makozoma was deputy Chairman of Volkswagen SA. From 2007 to December 2013, Chairman of Liberty Holdings and deputy Chairman of the Standard Bank Group.
He resigned to concentrate on his Safika business interests.
Before joining Standard Bank he was chief executive of New Africa Investments Limited (Nail), a publicly listed investment company with a broad portfolio that included radio stations, outdoor media and the Hertz car rental company.

[reba] 28/5/2021 09:23

Makes you wonder how many more false readings there are showing on the market.

[reba] 28/5/2021 09:17

93200 showing as a sell. It's a buy.

[kemche] 27/5/2021 08:27

Just waiting for the launch of Amulet and Red Rock Coal for the whoosh.

Until then there is always "Admin".

[observer007] 27/5/2021 08:14

The Exec Chairman believes the IPO of Red Rock Australia will add significant value, looking at what is happening at WSBN I tend to agree.

If you look at the location of the licences Red Rock hold in Australia you will see they are surrounded by gold rich ground, accordingly Red Rock shares are cheap.

The fact they are also in it with POW is an added bonus as Johnson is a very good promotor.

[kemche] 26/5/2021 12:19

I am in it to win it.
Let's have the fundraising.

[the_debt_collector] 26/5/2021 12:09

Juniors like RRR will, all of a sudden, simply take off, if you look at charts of such companies on AIM you will see long periods of consolidation and then a spike occurs, just look at the share price of WSBN as an example.

The excitement at Wishbone is due to their interests in Australia, well RRR Aussie projects will soon become high profile.

You have to be in these stock to win.

[kemche] 26/5/2021 11:57

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

[noirua] 26/5/2021 11:05

Gold is now back over $1,900 that augers well for Red Rock in Australia, Kenya and the gold royalties in Colombia.
Copper remain close to its peak that invigorates the potential in DRC.
Iron ore prices are very high that points to the higher potential of royalties from Mount Ida further down the line.

For the first time in 11 years all the commodities that RRR are interested in have raced ahead.

[kemche] 26/5/2021 00:42

That is huuuge news.
Just get the bloody fundraising done for gawd's sake.