Red Rock Resources Share Discussion Threads

[mininglamp] 13/8/2021 14:00

With thanks to a poster on the other bulletin board who suggests, compared to peers, the existing
JORC gold resource in Kenya is worth $22m currently BEFORE more gold is proved up.

The numbers are based on a very conservative $30oz in the ground value.

To make it simple this project alone equates to 1.3p per Red Rock share CURRENTLY !!

This is a great buying opportunity in my book.

[space_dust] 13/8/2021 12:55

Nonetheless Red Rock looks a very cheap way into the Fosterville mining licences, recent discoveries have been world class, RRR own 51% in a JV with POW

Red Rock £6m m/cap looks silly at current levels IMO, folk were paying 1p+ back in April

[onlyroadtoheaven] 13/8/2021 12:10

Respect to Bell???? Um, no.

Is it a decade that he has been playing these games? I think everyone knows the score now.

[neo26] 13/8/2021 11:51

No respect to bell, gives away interest free loans without telling shareholders, pumps money into a dodgy steel company.

[mininglamp] 13/8/2021 08:31

space_dust

That was a very good spot indeed, you are correct, Pello Capital ran into trouble with the authorities
and are suspended from taking on new business and other activity, they are allowed to unwind positions it seems.

The RNS yesterday showed First Equity as the Red Rock broker, in the past it was stated that Pellow Capital were sole broker for Red Rock. So it is perfectly
feasible Pello Capital have unwound their book in Red Rock and that accounted for the selling yesterday.

If this is the case the share price will recover, probably explains why it is now hard to buy.

[space_dust] 13/8/2021 07:55

Tried towards the close to pick up a slice of RRR shares to no avail, will be interesting to see what trading is like today, for what it is worth the major shareholder list on their website is regularly updated and there is no evidence the major holders have sold.

I do wonder if RRR broker who were Pello Capital (in trouble with FCA) were dumping their RRR book, did anyone notice the new broker is now First Equity.

The current share price looks a steal in my view, the RSI is at a 15 month low.

[noirua] 12/8/2021 15:45

There looks to be a big seller in the market. An RNS may follow later.

Mr Charles Richard Topham:

[m1sterx] 12/8/2021 15:20

This individual can instigate change at Red Rock PLC, maybe he has had enough and decided action is needed.

The value of his investment has dropped by £175,000 since February.

Charles Richard Topham, via HSBC Global Custody Nominee (UK) Ltd, held 204,147,627 ordinary shares in the Company, representing 16.78%

[kemche] 12/8/2021 14:55

Even Ettie selling. He's not foolish when it comes to his own money. He obviously needs the money since "admin" has stopped from a couple of places. Poor sod.

[noirua] 12/8/2021 14:48

Some quite substantial selling going on. Should be interesting in one way or another.

[noirua] 12/8/2021 12:44

The main parts of Red Rock that POW would be interested in are 51% of RRAL, the Kenyan gold assets and DRC. The assets that would just sit on the books would be iron ore royalties and El Limon royalties.

The Jupiter shares not held against loans could be sold and those held against loans agreed to be sold by the loan providers thus covering the debts. The same would have to go for the 20 million POW shares held against loans though some agreement could be made to avoid embarrassment.

Thus any bid by POW politely called a merger - of course, a merger. Could be completed on a no-debt basis with a clear value mainly in Kenya and DRC plus the royalties.

Any bid could be in POW shares plus 1 for 2 warrants.

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Of course the major holders particularly the biggest holding not far short of 20% would have to agree otherwise the 90% compulsory purchase position could not be reached.

[the bull] 12/8/2021 12:31

Managed to get out of this around 1p and then watched it rise, I normally hold long term but didn't trust bellend

[mininglamp] 12/8/2021 11:59

It seems a Stockbox interview is on the horizon.

[the bull] 12/8/2021 11:21

He's selling shares now

[noirua] 12/8/2021 10:43

I think CEO Paul Johnson sees Chairman Andrew Bell as a great asset in Power Metal and vice versa. PJ is running the show with AB's obvious ability in understanding DRC and being fluent in French is a necessary asset. So any moves for Red Rock and Power Metal to cement closer relationships would enhance the positions of both parties.

POW is a company that has avoided taking on debt whilst RRR has increased its need. RRAL is a joint cost but the significantly high costs of Kenya and DRC weigh heavily on Red Rock as do the debts.

On risk Power Metal are heavy into the interests run by Kavango. If it goes well then great but if not the shares will wobble.

Red Rock is hoping the resource in Kenya increases on drilling results and drilling in DRC also. If not it is crisis time.

[kemche] 12/8/2021 09:34

When have shareprophets NOT backed AB? And what has the price done in that time?
Who could forget the CLN that wasn't?

[greekhovel] 12/8/2021 08:52

Red Rock remains a buy despite broken Andrew Bell promises.

Ultra critical Shareprophets are still backing Red Rock, so should you at current levels.

[noirua] 12/8/2021 01:17

20 million Power Metal shares are held against loans. RRR has 20 million warrants at 1p to convert that are well past the original conversion date. I believe Red Rock's position is the same as CEO Paul Johnson of POW and he has a Limited Company that will convert on 17 August. Conversion will cost RRR £200,000.

[mininglamp] 11/8/2021 22:55

Some seem to think there is going to be a significant value event over at Power Metals, worth
remembering that Red Rock have 25m shares in Power as well as 20m warrants with a excise
price of 1p per warrant.

There was some speculation Red Rock could merge with Power Metals, clearly something is going on.

[mininglamp] 11/8/2021 16:16

I see the value proposition here, if there is no financing planned then all the better.

The share price fall is down to market conditions these can change in a flash, there can be explosive
moves in the share prices of the minnows.

Buy the lows and sell the highs.