Red Rock Resources Share Discussion Threads

[kemche] 20/11/2021 14:10

Others should look at the ethical and dubious record closer to home.

Steelmin anyone?

Shyte Creek perhaps?

How about Sweet factory?

Or possibly Amulet?

Has the money been released from Cyprus yet?

[alannlane] 20/11/2021 13:44

It's a good point in time for certain posters on this board to take a look at themselves and how they come across to the world as adults or not.
Glencore has a distinctly dubious legal and ethical record with regard to its history in the Congo. Which strengthens the RR case situation beyond any doubting.

[kemche] 20/11/2021 12:36

The post below demonstrates the pathetic mannerisms of the troll:


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.

[the_debt_collector] 20/11/2021 11:55

The above post demonstrates the pathetic mannerisms of the troll, goes back
over historic posts of 2.5 years ago.


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
Resource upgrades
On ground drilling activity
Legal dispute with Glencore deemed as positive
Other IPO's upcoming

etc etc.

[kemche] 20/11/2021 11:32

Graylyn1

I would not engage with the_debt_collector the fellow is a bulletin board troll with a grudge against anything to do with Andrew Bell.



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.

[the_debt_collector] 20/11/2021 11:13

Graylyn1

I would not engage with kemche the fellow is a bulletin board troll with a grudge against anything to do with Andrew Bell.

I would focus on the total value disconnect between RRR's projects, investments, royalties,
upcoming IPO's, let alone a possible $20m-$100m+ legal claim against Glencore.

You get all that for a mere £7m m/cap

[graylyn1] 20/11/2021 09:14

Kemche I have obviously missed something, what money is stuck in Cyprus? TIA

[alannlane] 19/11/2021 18:11

Glencore is an Anglo-Swiss multinational company with its HQ in Baar Switzerland, its oil and gas head office in London. As of 2015 ranked tenth in the Fortune Global 500 list of the world's largest company in the world. Get in there Alex!

[graylyn1] 19/11/2021 15:59

Has anyone read this? ( taken from LSE chat room )

Glencore faces Swiss criminal probe over alleged DRC corruption

[kemche] 19/11/2021 15:52

Exactly Graylyn. And let's not forget the money stuck in Cyprus could be released shortly. And the royalties from Lemon.

[graylyn1] 19/11/2021 15:40

This has £££ written all over it, you can, (IMHO) buy happily up to 1p per share as that is way under the recent conservative broker note price of 1.65p

In fact the listing coming up for Aus gold assets could well cover that 1p share on its own.

Then we have the juicy bonus in DRC to look forward to, what's not to like.

[kemche] 19/11/2021 15:35

And don't forget we could sell our holding in CRCL.

[kemche] 19/11/2021 15:25

Thanks Noirua. Makes sense.
Ettie always delivers and I do not see this time being any different from all the other times.

[noirua] 19/11/2021 15:11

kemche, good to read your post. Even if the shares halve in value you will not lose a thing - well done.

[kemche] 19/11/2021 14:41

Greek, I have thought about it and am in. This is huge! All the shrewdies seem to think so. Good enough for me.

[greekhovel] 19/11/2021 14:21

Some shrewd folk are buying Red Rock equity right now.

Think about it, if proven that a strategic project has been stolen
from Red Rock by a subsidiary of Glencore potential damages would be
enormous.

The clue, for the uninitiated, is the fact that Red Rock are seeking
pro bono litigation funding, this only happens when the numbers are
monstrous and worthwhile for the lawyers !

Red Rock has 1.21 billion shares in issue, at .65p valued at only
£7.8m

[noirua] 19/11/2021 14:13

It hasn't been made too clear but it looks as if the bank accounts frozen in DRC is not Glencore Group or their subsidiary Glencore International. Therefore it look like one or more of the following subsidiaries of Glencore International: Kanoto Copper Limited, Mutanda Mining Limited or Kavango Resources Limited.


Taking on Glencore can be a long drawn out process as Dan Gertler found out and he is very well heeled.

Dan Gertler - the man at the centre of DR Congo corruption allegations


Glencore, Gertler, Gecamines : $150 Million at Risk

This includes the Kamoto Copper Company a subsidiary of Glencore tied in with Gecamines.

[the_debt_collector] 19/11/2021 09:00

This is going a lot higher, the shares were 1.35p in Q1, recent broker note offered a conservative
target of 1.6p and that was before the possible legal action against Glencore which could be worth
tens or even hundreds of $m

[mininglamp] 19/11/2021 07:58

I really do not think the market has understood the scale of possible
damages Red Rock could secure against Glencore, it could be VERY significant.

It seems Red Rock have 2 claims, one for up-to $20m against their JV partner and another
for being deprived of the asset in the Congo against Glencore, this could amount to a conservative
range of $100m to $500m or even more.

This is from a poster who is clued up and is apparently close to one of Red Rock's largest
shareholders.


Gecamines reckoned that there was 200k tonnes of copper and 24k tonnes of cobalt at
Musonoi. Any claim would be based on 51% of that loss over the next 10/15 years. A good case
can be made that the claim should be for between $500mil and $1bn.


Without any doubt this is the most exciting event to have occurred at Red Rock
for many years, investors are yet to latch on, the current m/cap of Red Rock
is sub £7m !

[noirua] 18/11/2021 20:45

Header is being updated to more current events. Apologies for any disruption. Should be updated by the start of trading tomorrow 19 November.

[noirua] 18/11/2021 16:38

MUSONOI AREA 1 PE4962 - KAMUKONGO PE663 - KASOMBO SOUTH PE2360 - in Democratic Republic of Congo


11 August 2021: Red Rock Resources PLC (AIM: RRR, FRA: R2TA) said it has started a 2,000-metre drilling program at the Central KKM gold prospect, the central part of its Mikei gold project (MGP) in Kenya, following the recent receipt of all permits.
Holes will be drilled to a depth of between 60 metres and 220 metres and there is a possibility of extending the drilling program.
Elsewhere in the MGP, Red Rock said about 47% of an induced polarisation survey has been conducted in the Masurura area of the eastern license and a magnetics survey has started at Kurutyange, also part of the eastern licence.
Assay results are expected in the coming weeks - said Andrew Bell Chairman of Red Rock.
PODCAST 11 August 2021:

[broken_arrow1] 18/11/2021 15:55

Moving up behind the scenes, only £5000 of stock available at full offer
then it moves up.

[mininglamp] 18/11/2021 15:48

Red Rock equity traded at 1.35p in February, the stock has fallen in line with
the sector but recent developments on the ground suggests the shares are way
below true value.

Conservative broker coverage offered a target price of 1.6p a share some months
ago (see here)



The 1.6p target was also before yesterdays potential legal claim against
Glencore which is worth more than the current market cap on base case
level alone.

No wonder buyers are snapping up the cheap stock.