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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Red Rock Resources Plc | LSE:RRR | London | Ordinary Share | GB00BYWKBV38 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0525 | 0.05 | 0.055 | 0.0525 | 0.0525 | 0.05 | 104,311,555 | 07:44:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -2.67M | -0.0011 | -0.45 | 1.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/9/2021 10:26 | Noirua - 02 Oct 2020 - 11:59:26 - 10466 of 11466 RED ROCK RESOURCES PLC - Information Thread - RRR I cant say anything negative myself in all fairness. I bought back into Red Rock late in 2018 after making well over 100% profit in the runup to March/April 2018 - those negative deprived others of profits at that time. At one stage this year I was down £32,000 and a few other investors including the company's directors very much more than that. In selling 97% of my holding my profit is about £5,700 plus 240,000 shares still held running for free. At this point I'm waiting to reenter as there is a downdraft on shares both this week and last plus the placing. All the mining sector is high risk and Red Rock Resources a high risk microcap. The company's Chairman did advise some time ago that far too many investors put more than they can afford into one high risk small cap company. | noirua | |
20/9/2021 10:07 | Noirua I am not sure what your agenda is here but I note you have been posting on Red Rock for years. From some of your posts it appears, with respect, you have little understanding of the mining sector, you suggest you want to see grades far higher than Red Rock have reported in Kenya but the grades they have reported are consistent in country, see the recent Caracal Gold presentation for example. I have to say your whole bias is negative, I have commented on the excesses of the header before, far to much data which is meaningless and not reflective of the future, why not cut all the historic rubbish out and focus on current events and post links to the broker note and links to Red Rock's Twitter account that shows recent activity. I can only conclude you have lost heavily by investing here and, like others, are determined to bash in a subtle fashion to detract prospective buyers. | mininglamp | |
20/9/2021 10:01 | Red Rock's shares are not tightly held so any pressures on AB are just a little more than before. The DRC projects need his experience and the fact he is fluent in French and understanding Congolese French and how the whole setup works. In Kenya the last 6 years of involvement with the legal case and experience how Kenya works and government expectations. Means he is a key person. The broker note is by an in-house broker and they often come up with a bullish price. If RRR paid for a report and it was bearish then other companies might avoid giving that broker more work' Anyway forecasts in the past have been 12p upwards and we can take these forecasts as we will. Despite being a shareholder in RRR I have learned to be realistic. Hopefully, there will be a third bull run since early 2017. Remember RRR is a high-risk small micro-cap. The rise in KAVango and the likelihood recent drilling has been successful is an indirect plus for Red Rock. | noirua | |
20/9/2021 09:41 | I believe the investment proposition at Red Rock has never been better. Even allowing for recent broker note was paid research it cannot be argued the target price of 1.6p was not ultra conservative. The issue with ALL AIM resource stocks is you always get stale bulls who have timed their entry points wrongly. If you read the bulletin boards there are bashers on just about every thread, many are in the stale bull category, others are often market participants like market makers or brokers who run a short book. One of the main reasons, apart from the investments and project suite is Mr Bell is up for re-election at the next AGM, his position will become untenable if he fails to deliver the upside he promised investors. Broker note link here - 1.6p target. | mininglamp | |
20/9/2021 08:53 | One reason RRR's share price is low is the plain fact that Steelmin, Melville BGT Greenland, and several other contracts failed to come to anything. Melville costs for reparation continue and over £1 million so far. The second reason is the record of cash-raising at over £15.5 million and cash running out at end of the year. Confidence in AB is low among very many. Jupiter dividends are set to reduce again this year and El Limon royalties are slow to arrive. The gold sector is very weak among micro-caps and the price for RRAL might put off an IPO. Kenya gold resource might be too deep to make it commercially viable. Some form of cash-raising is absolutely certain. A lot of shares owned are held against loans and repayments started in June 2021. The counter upside is the shareholding in Power Metal and its shareholding and 50% interest in a KAVango project. | noirua | |
20/9/2021 08:07 | Red Rock have 5 times the land package of nearby Caracal Gold with more or less the same JORC gold resource of 700,000 oz, Caracal are valued at £20m and Red Rock interest in Kenya is valued at near zero ? Red Rock entire market cap is only £7m and that includes relatively liquid investments worth around £3m. The media process at Caracal Gold has been never ending, this draws significant attention into Kenyan projects, eventually this interest will feed through into the RRR market cap. | the_debt_collector | |
19/9/2021 16:42 | In the table shown if you click on the link, Red Rock is the third most undervalued company (out of 50) based on their JORC gold resource. ALTN is No 1 BTW. Once again the investment criteria here is a stand out proposition. | mininglamp | |
19/9/2021 12:33 | Hi greenpastures2, there is a header above you giving the details you require I'm sure you will be pleased to note. As far as how good results are so far you will find the Au grades at GCAT so you can compare theirs with RRR's. Maybe I'm being lazy not checking their website as I'm not really keeping up with GCAT's progress. Good fortune. | noirua | |
18/9/2021 11:47 | I think the question is Noirua does RRR have any commercially viable prospects? Have you seen any Jorc announcements? I am not really keeping up with RRR's progress so I realise I am being lazy asking. | greenpastures2 | |
18/9/2021 10:22 | The problem at the moment for Red Rock's gold interests is the low gold price of around $1,750. The small-cap miners quoted on Canada's 3 indexes have fallen badly and a number have interests in Victoria, Australia. Mostly down 40% to 70%. The Kenya interest needs higher grades in the 4 to 6 gpt ranges against the present at 1.4gpt. Of course, we have no idea what present drilling will produce but the compressor problem adds delay and ongoing costs. This week's RNS was neutral. The Victoria state interests are very early stage and promising from a 'nearology' point of view. Whether AB and PJ can build up enough interest in the IPO of RRAL has yet to be seen. At least the Aussie$ is still weak against the greenback that is helpful. Will RRR and POW decide to wait for better times or IPO RRAL and RRR sell their Mikei interest anyway that's the question? | noirua | |
17/9/2021 16:01 | The BOD of Caracal Gold know they are onto a good thing in Kenya, right next door to Red Rock, it is only a matter of time before this is reflected in RRR market valuation. | the_debt_collector | |
17/9/2021 13:56 | Kemche, you can take a horse to water but can't make it take a bath. Whoosh! | algernon2 | |
17/9/2021 09:14 | Why are people deliberately ignoring yesterday's groundbreaking news? | kemche | |
16/9/2021 18:25 | The discovery of ancient mine shafts is huge news. | kemche | |
16/9/2021 16:13 | The IPO of the Australian licences could well exceed the entire market value of RRR, today's news (also reported by JV partner Power Metals) will surely add interest to the float. RRR have 50.5% stake, there has been suggestions the IPO will exceed a £20m, RRR is currently valued at £7.75m. | aussiebeach | |
16/9/2021 16:05 | The story just gets better, this time in Australia, this news will add significant value to the IPO and thereby enhance the value to Red Rock. Discovery of Historic Mine Workings in Victoria Goldfield This shortened time frame for advancing the project as a result of the discovery of historical workings in the area has the Company on a trajectory towards potential economic gold discovery on a time frame not often seen in junior companies". | mininglamp | |
16/9/2021 14:14 | How will Elephant Oil meet NASDAQ listing requirements? | medusala | |
16/9/2021 13:36 | All the cheap shares are gone now and only the expensive ones remain. | kemche | |
16/9/2021 13:34 | lol, yeah kemche - and rais the princely sum of...... £0.00 I don't want anyone to get caught out like so many of us have been in RRR. It's a crock, always has been, always will be. | affemoose | |
16/9/2021 10:08 | RRR could sell Congo Galaxy, RRR Coal, Slovakia, Candy crush sweets, Vumilia Pendenza SA, Ivory coast, Shoats Creek, Vector Resources Limited etc | kemche | |
16/9/2021 09:57 | Twenty four times bitten Debt Collector. That is all. | kemche | |
16/9/2021 09:56 | "royalty interests in either Columbia or their Mt Ida royalty." He's a card that one. | kemche | |
16/9/2021 09:51 | Twice bitten Debt Collector. That is all. I don't go in for bashing but this Company needs to show it has valuable resources. | greenpastures2 | |
16/9/2021 09:46 | Or of course they could JV (with cash involved) or sell one of their projects, they could also sell their royalty interests in either Columbia or their Mt Ida royalty. Lots of other ways of raising cash, one thing the major shareholders will not allow is a placing at current levels, Bell needs shareholder approval to place stock, something the major shareholders will not allow. If the share price propels to 1.75p or 2p a equity raise would be a option. | the_debt_collector | |
16/9/2021 09:42 | The unthinkable might happen with Power Metal buying into the Mikei Project with PJ becoming MD of Mid Migori Mining Company Limited ready for an IPO in 2022. | noirua |
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