Red Rock Resources Share Discussion Threads

[greenpastures2] 02/7/2021 11:52

2-3p, I thought that too back in 2017. You might be luckier than me debt_collector.

[goldenshread] 02/7/2021 10:14

Looking interesting here, have added 1m over recent weeks.

Two catalysts for me Kenya gold and the IPO of RRAL on the TSX.

[kemche] 02/7/2021 09:53

And no desperation whatsoever. So that's nice.

Bellend - the serial deliverer of value.

[the_debt_collector] 02/7/2021 08:46

Now IS the time to load up, trades over the last few days show shrewd
investors are doing just that, when the news starts you will be paying a great deal more that
is for certain.

2p-3p a share is the minimum range I expect in the months ahead.

[m1sterx] 02/7/2021 08:37

Looking at the above post one has to admit there is a chance for very meaningful gains at Red Rock.

[the_debt_collector] 01/7/2021 15:31

One heck of a lot going on for a £10m company - look at the prospective valuation of the 51% stake Red Rock Australia - £23m according to the CEO.


Then....


Drilling activity in Kenya, results/progress - could be company changing - gold already
700,000oz JORC

Drilling activity in Congo results/progress - could be company changing - copper/gold


RRAL IPO: AB has said he thinks RRR's share of RRAL is worth £24mil. That should list September/October see the PJ interview from this
morning and the update from yesterday.I suspect that we will get the substantive
update on RRAL in the next two weeks.

Elephant Oil: should list October on NASDAQ/NYSE not as big as RRAL but the day one
valuation for RRR should be a couple of million.

Juno: looks like someone bigger is building a position. An update due any time now.
We have a big interest in the royalties. It could well be that the first of the $4mil payments
is triggered early next year.

JMS: undervalued, likely to be on the receiving end of a bid sooner or later.

RRAL II: from the POW update and the PJ interview it seems that the WA licenses will be
spun out into a separate vehicle and listed.

POW: We have 20 mil shares and 25 mil warrants. If anything that POW is working on,
including RRAL, comes in then holding will be worth a decent amount. The trick will be
getting out with ruining the price.

And then we have the Migori and Luanshimba drilling.

[m1sterx] 01/7/2021 08:31

Interesting commentary, not from Andrew Bell but Paul Johnson yesterday, RRR hold 51% of the Victoria Goldfields project.


Based on the valuation of listed peers who have a focus on the Victoria Goldfields, Power
Metal believe the Victoria Goldfields JV to hold considerable value for the Company and
our partners Red Rock Resources plc.

[kemche] 30/6/2021 19:38

"We are at the beginning of a re-valuation of Red Rock" said Bellend. For the first time ever.

[greekhovel] 30/6/2021 12:47

The bears have almost certainly turned into bulls.

"We are at the beginning of a re-valuation of Red Rock"

Andrew Bell - 30th June 2021

[flughafen17] 30/6/2021 11:52

You Tube link to today's interview.

[flughafen17] 30/6/2021 11:51

I would say now is the time to buy, the shares hit 1.4p in February, it does now look like the
news-flow will be ongoing + the Canadian listing of the Aussie gold licences, 51% owned by
RRR, must be close.

[noirua] 30/6/2021 11:22

StockBox interview with Chairman/ CEO Andrew Bell in header above.

[noirua] 30/6/2021 11:04

It's great to see kemche so enthusiastic. I feel that the Kenya JORC resource is on track and 0.85p or less is a worthy gamble. However, kemche may be an act to follow, we shall see.

[grimreaper2019] 30/6/2021 10:41

Is this dog about to bark, drilling underway in Congo and Kenya simultaneously, my goodness.

Mr Weasel Bell is clearly trying to please his major shareholders who will have a large say in his tenure - he is up for re-election at the next AGM you know.

Is this the time to buy? I could not possibly comment.

[kemche] 29/6/2021 16:09

This is huuuuge news. Whoosh!

[noirua] 29/6/2021 13:47

the-debt-collector - I/we might be more enthusiastic if all the work at Musonoi, DRC that AB was so enthusiastic about seems to have been forgotten. So the jury is out for the umpteenth time it seems.

[noirua] 29/6/2021 13:42

When it comes to the Kenyan gold resource:

The next stage will focus on drilling and will involve more work on the higher-grade areas and on expanding the resource.
The next stages of exploration will aim to increase the size of the resource and its grade.
On 22 February 2021, a newly amended JORC resource was announced: 15.13 Mt @ 1.49 g/t Au with a contained metal content of 723 Koz Au.


Now, look at this Australian gold resource which is 13 times that of Red Rock's but the same grade. From this, we can see some potential in work being carried out to increase the resource and grades in Kenya.

[the_debt_collector] 29/6/2021 13:31

Looks like Red Rock could hit the big time in Congo with ongoing news-flow and a potential
company changing discovery, read between the lines (especially concerning the artisanal miners & onsite infrastructure)
Interview just released.

[noirua] 29/6/2021 07:29

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese, and copper, announces, further to the announcement of 25 May 2021, that a reverse circulation (RC) drill programme has begun today to take the first step towards delineating a resource on the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo.

The Luanshimba project is operated by Red Rock Galaxy SA, an 80% owned Congolese subsidiary of Red Rock. The programme is for an initial 2,000m of RC drilling, in 20 or more holes of 60m to 100m, and may be extended.

Samples will be sent for copper and cobalt assay in South Africa.

[ I'm waiting to be surprised! However, I doubt that there are all that many who expect much from the drilling whether it's good or negative. Boredom has set in and faith in the company's management remains quite low or lower.
Anyway, let's hope for some encouraging near-surface intercepts.]

[noirua] 28/6/2021 13:39

misterx, it is possible that those holding a lot of shares in Red Rock or take part in placings have built up a greater knowledge of the companies assets. When I held 7.2 million shares I always received letters directly from Red Rock whenever my vote of support was needed and an invitation to phone. I have found the company's Chairman beguiling but not in my view in a deceptive way - maybe a bit like Boris Johnson our Prime Minister (with a bit of Donald Trump thrown in for luck - I jest.) Both guileful in a cunning intelligent way and artful in a skillful and crafty way.

The company's failure to complete contracts in the short term has been far from good. However, the Kenyan exploration appears back on track. Will it work out in the end? Maybe a few know far more than I do?
The Australian assets are due to float on the TSXV. I've no on-the-ground knowledge of its advancement. Some may well be far more knowledgeable than I.

The above two interests are a make or break for Red Rock. So you can see that built-up knowledge on these two interests would be crucial for substantial holders.

Red Rock has shareholdings in Jupiter Mines and Power Metal that could be sold if cash concerns arrived in difficult markets. Small investors who are unable to stump up in placing opportunities may be holding off as the share price declines toward 0.75p the conversion price of recent placings. Some may well point out the recent placing at 1.05p that was successful.

So Red Rock is a very high risk that may well come off well in the end. However, the mining sector is highly volatile so it could turn seriously negative.

[m1sterx] 28/6/2021 13:09

No position here but curious as to why so many TR1 holders are satisfied with the situation at Red Rock. Maybe they know something others don't.

The share price seems to have established a base also, might be worth a punt.

[noirua] 28/6/2021 12:04

Jupiter Mines Limited - Quarterly Report