Red Rock Resources Share Discussion Threads

[kemche] 05/11/2021 15:22

Forward buying.

[noirua] 05/11/2021 00:47

Seaborne manganese ore strength continues despite falling alloy prices in China
November 01, 2021


Fastmarkets’ index for manganese ore 37% Mn, fob Port Elizabeth was $3.26 per dmtu on the same day, up 15 cents, or 4.8%, from $3.11 per dmtu a week earlier.
----
Some good news for Jupiter Mines as director Peter North buys 640,000 shares for 22c a share on Thursday.4 November 2021

I bought Jupiter Mines ASX: JMS - dividend yield presently over 11% at 21c - future dividends uncertain due to a new board of directors who will have a new direction for the company.

[noirua] 03/11/2021 14:53

Jupiter Mines shares have fallen away to 21.5c, POW to 1.675p and the gold price has fallen well below $1,800, and the iron ore price has slumped from highs and further a weakening in the copper price.
Share prices are very low among explorers but take care guys.

[kemche] 02/11/2021 14:56

Or possibly Non Ex Multis.

[algernon2] 02/11/2021 14:08

E Pluribus Unum in effect?!

[kemche] 02/11/2021 11:17

The technicals continue to align. Soon to get really really technical.

[algernon2] 01/11/2021 16:21

The illuminati are tipping this stock. Thanks Kemche.

[kemche] 01/11/2021 12:03

Relentless forward buying by those in the know.

[kemche] 01/11/2021 12:02

All the technicals have completely lined up.

[noirua] 01/11/2021 00:17

Jupiter Mines Limited
1 November 2021

[mininglamp] 31/10/2021 13:38

Very bullish commentary published Friday on the Victorian Goldfields where RRR & POW hope to IPO their licences on AIM.

If nothing else it shows RRR are in the right place at the right time.

[goldenshread] 31/10/2021 09:22

It is clear I got my timing wrong buying into Red Rock in May, I paid around .85p
for the shares, I thought that was a decent entry point given the high of 1.35p and
the last placing at 1.05p, both in February but no.

I tend to agree that market conditions have been exceptionally poor, I saw research
on Twitter, the average junior is down around 60% but some are down 80%, no-one
would have ever believed that would happen given booming commodity prices, but there we are.

Not wishing to write a long dialog but I am a believer in all boats will rise when
the sector bounces, it always happens.

As for Red Rock I fully believe a material event will happen to restore it's
value at some point, whether it be a IPO, project performance or some form of corporate
action, Mr Bell said he was interviewing a significant name to drive value.

The volume increase on Friday, 8 times the normal level was very interesting, is
something afoot ??

[kemche] 28/10/2021 20:07

"New CEO or COO being interviewed - a potential big hitter"

Parsons?

[kemche] 28/10/2021 20:06

Remember RRR hold shares in CRCL which could be useful to raise some money. That is a fact!

[the_debt_collector] 28/10/2021 17:27

Yes and since the above post material things have changed at Red Rock which
is why the proposition is different.

Directors voted out/resigned
Ability to dilute at will no longer
Shareholders need to approve share issues
Major shareholders pulling the strings at Red Rock
Certain AGM resolutions voted down
Andrew Bell up for re-election at next AGM
New CEO or COO being interviewed - a potential big hitter
Material Kenyan gold licences regained after dispute
IPO of Aussie gold licences - a material event
IPO of Elephant Oil which could be a material event
Other IPO's upcoming

etc etc.

Problem with plums like Kemche and Noirua is they only read the
same book over and over, their investments have failed so they bash and
belittle enthusiastic punters hoping they will go away.

Mr Debt will make significant money at Red Rock just like he did at CRCL, that
is a fact.

[kemche] 28/10/2021 16:04

kemche - 28 Sep 2021 - 10:11:15 - 11499 of 11544 RED ROCK RESOURCES PLC - Information Thread - RRR
Sound advice:

the_debt_collector - 26 Apr 2019 - 06:54:07 - 7232 of 11499 RED ROCK RESOURCES PLC - Information Thread - RRR

No matter how much money this company receives via asset sales or dividend it will always be squandered on the next 'must do' project - not forgetting director remuneration.

Many take the view this company is a total avoid.

[noirua] 28/10/2021 15:52

the_debt_collector, When I held a lot of shares in Red Rock and Jupiter Mines and the shares kept dropping in price I was sensitive to posts by Torp and kemche. As posted before, down £32k and counting and still I bought more at 0.2p - earlier I bought at 0.85p and AB at 0.8p.

From the above I truly understand what it is like when your share, probably over bought, declines 65% from highs - after all it happened to me. Hopefully RRR shares will go up further after today. I have no wish to step on your personal sensitivities be assured. Good luck with your investments!

[noirua] 28/10/2021 15:14

The gold price is not really depressed as it sits well between $1,300 and $2,070 the 3 year low and high point. The problem is the number of microcap explorers with tenements where they are searching for gold and silver. Not many are doing at all well and investors are deserting and even worse Banks and Institutions have stopped financing anything that is not top drawer.

The above may change and will change - but when?

AB and PJ are explorers not mine managers. So are more interested in flipping what they can for a profit. Or as has happened to himself, flipping at a loss and even worse. The selling of Jupiter shares was timely and Power Metal at a profit to cover ongoing costs at NBGC, DRC and Mikei.

[david gruen] 28/10/2021 12:55

Back to 1p+ with positive IPO news.

[noirua] 28/10/2021 12:42

Noirua - 28 Oct 2021 - 12:37:01 - 1231 of 1232 POWER METAL RESOURCES PLC - POW
As previously guessed at, Mr Bell has unloaded Red Rock shares in Power Metal after leaving the post of Chairman - unique timing. The company may sell down further?
Red Rock may see that the IPO of NBGC will have to be delayed or pulled.

Mawson's gold drilling report from Victoria looked quite reasonable. Unfortunately that is not good news in this market as it foresees further expenditure.