Red Rock Resources Share Discussion Threads

[neo26] 23/7/2021 09:16

Bell needs to go, as soon as he goes the share price will multibag.

[noirua] 22/7/2021 17:07

Soma Initiates COVID Vaccinations For All Employees in Colombia And Their Families
July 8, 2021

The Company also announces that during the second quarter ending June 30, 2021, it produced 4,020 AuEq ounces and sold 3,799 AuEq ounces.

[kemche] 21/7/2021 23:25

Noirua, I , along with many thousands, bought right at the bottom and sold at the recent highs unlike the few who bought much higher up and effectively have been wiped out after 68 fundraises and 35 consolidation. But yippee for me! Hurrah!

[noirua] 21/7/2021 22:37

Hi Kemche. As always wanting all the current information. I've trudged up one about the Kenyan Gold Reserves that maybe not be quite new. Anyway, no doubt you will play it many times just like the equally exemplary performance a little lower down.


This one is full of holes and the clock is ticking and maybe loved by AB:
Someone in this film is in trouble or a fix and needs help.

[kemche] 21/7/2021 15:25

Another video?

[kemche] 21/7/2021 12:47

Let's have another fundraising!

[noirua] 21/7/2021 12:43

The share price is tumbling from its 1.15p high point by 37% but up 300% from its 0.18p low point. No comfort for buyers at higher prices or the 1.05p placing to rase £1 million mainly to develop Mikei.

The lower gold price and lack of confidence and interest in gold explorers on the TSX and TSXV make a flotation of RRAL increasingly unlikely in the short term. Delay costs money in RRAL running costs and salaries.

Drilling at Mikei seems on track but only insiders will know quite how on track or whether the resource will be extended in size and grade Au.

RRR has the interest to pay on loans from June 21 onwards. The price of Manganese has fallen back to US$3.10 that will cut profits and therefore dividends to Jupiter Mining.

So uncertainty abounds but there could be a surprise at Mikei, Kenya, who knows.

[noirua] 21/7/2021 01:50

An excellent laid out post Torp and it puts together all the negatives and how can I possibly disagree with that.

Two past failed contracts you have overlooked and I know you would, in all honesty, want me to update on. Kenya looked lost back in 2015 and has now survived and drilling is taking place on the tenements at Mikei as I type. It may go wrong but at the moment looks OK. Elephant Oil mentioned by yourself in the past and forgotten and UOG are presently working on these.
So good news Torp and I know you will be well pleased.

You are right Torp and I take off my mask to you. Good fortune old chap.

[noirua] 21/7/2021 01:37

Week commencing 19/07/2021 - US$3.10 (Last week - US$3.15)

[torp] 20/7/2021 14:44

I see the same old shysters are still trying to pump this utter POS unscrupulously,
desperate to lure in the gullible to boost their positions. It has been and will
always be imho a total sucker share.

It simply moves from placing to placing to placing whilst Bell fritters away untold
£millions on Admin and expenses. Hence there will rarely be shareholder
value delivered imho.

Yearly Amounts Spent On Admin

2012 - £2,275,786
2013 - £4,751,948
2014 - £1,563,808
2015 - £1,334,404
2016 - £758,351
2017 - £644,688
2018 - £849,518
2019 - £591,777
2020 - £597,000


That's where much of the money disappears to. All it needs is gullible people
to keep buying the "jam tomorrow" stories. I'm so glad I am no longer one of
those gullible saps.

As well as placings the company just goes from one failed project to the next:


Greenland Project - spent millions and eventually sold it off for just £1

Shoats Creek Oil - Project failed and was written off

Steelmin Project - Went bust just after Bell loaned them another £1.1m


etc etc etc


Worse still the company began to engage in various loans and transactions which they failed to RNS to shareholders/markets.


RRR conducted loans and transactions with Amulet Diamonds that were not RNS'd.
Shareholders discovered 5 months later in a small paragraph in the Annual Report

Bell loaned a further £1.1m to the failing Steelmin project which he didn't RNS.
Simply appalling.

Steelmin ceased operations in Sept 2018, RRR did not RNS this

Steelmin went into Administration Feb 2019. RRR didn't RNS this event despite
RRR having a 22% stake in the business.


Frankly anyone who puts their cash into such a POS thoroughly deserves to lose
their money. If loans and key events are not going to be RNS'd then I'd consider
that I was investing blind. There are surely better AIM companies to go at without
such ridiculous problems.

DYOR

[ianpuddifoot] 17/7/2021 17:16

your point

[noirua] 16/7/2021 13:56

I suppose some can feel reasonably content if they bought some RRR at 0.2p and see a paper profit at the bid price of 0.75p equalling 275% - thank you AB.

Some may have purchased some time ago at over 400p and see a paper loss at a bid price of 0.75p equalling 99.8125% - ( ಠ益Ń2;) - 凸(-0-メ) - ᕦ(ò_óˇ)&#5476; - (>人<) - (◣_◢) - AB.

[noirua] 13/7/2021 13:11

Elephant Oil shareholders appear to have given up half their shares for the flotation to raise C$2 million. The reason RRR's holding has halved. If the C$2 million is raised at no premium then RRR's shares may be worth about £106,000 close to the £137,500 put on it by Red Rock. The oil share market is bullish so maybe they will do better.

[kemche] 13/7/2021 10:37

Ettie should do another video.

[failedqs] 13/7/2021 10:32

Correction to 11148 - I think the value of the holding will be "in the region of a million", forgot to take account of the consolidation and reduction in number of shares.Still a great return though.

[noirua] 13/7/2021 09:51

6). Elephant Oil Corporation - 362,318 shares.
The Board of the Company is pleased to announce that the Company has received an offer (which it has accepted) in respect of its shareholding in EOL to exchange its shares in EOL for shares in Elephant Oil Corp. ("EOC"). Red Rock will receive one-third of a share of common stock in the capital of EOC for each ordinary share held by the Company in EOL resulting in the issue to Red Rock of 362,318 shares in EOC. EOC is expected to IPO on the NASDAQ in September 2021.

Andrew Bell interviewed underwater.

Elephant Oil Corporation on Twitter:

Elephant Oil Corporation is a Private-Public Company.

Red Rock held a small 4.76% interest in Elephant Oil Limited costing £275,000. It has a carried book value of £137,500.

Elephant Oil Corporation:

[failedqs] 13/7/2021 09:30

Remember, Elephant Oil will float on NASDAQ this month or next month, and RRR will be able to dispose of shares if they want to raise cash in the market. Not sure of the value of the RRR stake but it's in the millions if the float goes according to plan.(I should stare for the record I am a shareholder in Elephant Oil, and also RRR.)

[kemche] 12/7/2021 11:06

Yes. That.
And of course "Admin".

[noirua] 12/7/2021 10:19

the_debt_collector et al, RRR will probably run out of cash at the end of October unless shares are sold in Jupiter or Corcell. If they are able to put off converting their Power Metal warrants due to insider knowledge then they will have enough cash to the end of the year - they could sell the POW shares converted.

RRR is unlikely to leave the cash situation as it is until the end of October.

It is going to be a close call to get the flotation of Red Rock Australasia away on the TSXV before the end of October. The gold microcap sector is not strong at the moment except for a very few.

Kenya results will be slow coming in due to the coronavirus situation slowing matters up. Especially in South Africa.

[the_debt_collector] 12/7/2021 08:38

Bell said recently on a interview they had cash to year end including enough to complete the drilling programmes.

[noirua] 10/7/2021 11:53

The Company’s issued share capital consists of 1,216,708,801 Ordinary Shares of 0.01p each with voting rights. No Ordinary Shares are held in treasury. Market cap at 0.825p = £9,815,420.

Shareholder transactions in Red Rock Resources PLC


Red Rock Info:

Noirua list 22 March 2021
Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and other minerals, announces further to its announcement of 1 March 2021 that following fulfilment of the shareholder approval condition the Company has now issued the 101,550,000 new Ordinary Shares of 0.01p in the Company ("Shares") at a price of 1.05 pence per Share due to Kansai Mining Corporation Ltd ("Kansai") or its nominees in settlement of the acquisition of Kansai's remaining beneficial interest in the Mikei gold project in Kenya (the "Purchase").

Charles R Topham ----------- 204,147,627 shares ---- 16.778%
?Kansai Mining Corporation - 101,550,000 shares ----- 8.346%
?1620 Capital --------------- 70,000,000 shares ----- 5.753%
Andrew M Bell Chairman ------ 42,791,137 shares ----- 3.517%
John G Bolitho -------------- 38,357,187 shares ----- 3.152%
Andrew N Jones -------------- 36,582,457 shares ----- 3.006%
-
Holdings last notified when they fell bellow 3%
Peter Gyllenmammer --- 19,800,000
James Asquith -------- 19,436,000
Stephen T Cochrane --- 14,743,736
Harambou Christoforou- 13,588,958

[kemche] 09/7/2021 15:09

General opinion IMHO - ' NEARLY OUT OF CASH '

What an absolute shocker. This must be the first time in the company's entire history!