Red Rock Resources Share Discussion Threads

[kemche] 17/11/2021 11:55

Expecting GLEN to takeover RRR and cut out the middlemen.

But only after some more "Admin".

[the_debt_collector] 17/11/2021 11:49

My understanding is that RRR's JV partner in the Congo (namely VUP) have passed ownership
of the Musonoi Copper project over to a subsidiary of Glencore (namely Kamoto Copper Company SA)
for the sum of $20m of which $5m has already been paid.

This has now come to light because VUP (RRR's partner) are now seeking the remaining $15m through
the court in Congo from the Glencore subsidiary.

Red Rock (who own 51%) were clearly unaware of the sale of the project, they say it was a dormant
asset, so have protectively seized the $5m already paid, in effect RRR have right on 51% of the sale
of the project, potentially worth a fraction over $10m.

This is an interesting development on a dormant project that was on RRR's books for only £565k.

The potential claim by Red Rock is £7.5m ($10m), more than the value of the entire company currently !!

This is my understanding of the situation.

[kemche] 17/11/2021 11:42

Very successful indeed.

[mininglamp] 17/11/2021 10:58

It seems the reality of the dispute in the Congo is starting to be understood by the market,
Red Rock have a possible claim against a subsidiary of Glencore which could amount to $5m to $10m.

I assume this is what Mr Bell was referring to in the RNS where he says....

'We believe that remedies will be available which may be of substantial benefit to shareholders'

Red Rock have been successful in the African courts before.

[broken_arrow1] 17/11/2021 10:50

Nothing available online currently, IG want a premium for just £1500 of stock.

[the_debt_collector] 16/11/2021 20:16

Bodes well for the upcoming IPO



Victoria gold production at 100-year high: Gold mining in Victoria is booming with annual
production over 2019-20 reaching the highest yearly level since 1906. Australian Mining.

[noirua] 16/11/2021 11:36

kemche, AB has a lot of POW shares as have Red Rock. He may want to hold on to them as their interest in KAV might come up trumps.

[kemche] 16/11/2021 10:33

Utter guff for which he is renowned.
Let's just have the fundraising FFS!

[noirua] 16/11/2021 09:25

The first RNS covers a legal matter over Luanshimba and is difficult to assess. It has to be negative from a cost point of view and many avoid investing if a company has a legal problem as they tend to drag on and on. Your call basically!
The second RNS lists assets and all information was known already.

An overall plus is the continuing improvement in the gold price. So far so good though Red Rock's own efforts are neutral at best.

[broken_arrow1] 15/11/2021 08:44

Another obvious recovery play, very little stock on offer currently.

[the_debt_collector] 13/11/2021 20:08

Sentiment (and the share price) is about to turn very positive here, for onlookers the time to buy is now. Lot's of news incoming !!!

[noirua] 13/11/2021 11:06

.

There was a Death Cross for Red Rock on about 10 June 2021.

[broken_arrow1] 12/11/2021 16:09

Nothing online currently, not even £500 worth ?

Something has moved the book ?

[noirua] 11/11/2021 11:09

The gold price continues upwards and eyes are on the $1,900 price. The sector is improving but this price needs to be sustaining. News of late has been fairly good for Red Rock.

[noirua] 10/11/2021 14:33

Consumer price index surges 6.2% in October, worse than expected and the highest since December 1990


Crypto, gold and silver rise on the news.

[noirua] 10/11/2021 13:03

Seaborne manganese ore:

Fastmarkets’ manganese ore 37% Mn, fob Port Elizabeth price index was calculated at $3.45 per dmtu, up 19 cents (+5.8%) from $3.26 per dmtu a week ago.

Alloy price surge fuels positivity in manganese ore markets


Jupiter Mines ASX: JMS closes up 11.4% today at 24.5c.

[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.