Red Rock Resources Share Discussion Threads

[kemche] 09/2/2022 10:17

Noirua - thanks for that. It has been a long time since you provided the daily manganese price service. Should help.

[noirua] 09/2/2022 10:01

Jupiter Mines - manganese price.

[algernon2] 08/2/2022 12:26

Don't forget afterburners on Jet Engines and how they can re-heat the fuel/fumes to gain massive power Kemche. Armed with knowledge from "Tomorrow's world", I think your analogy is superb. Whoosh indeed from now on!

[kemche] 07/2/2022 11:22

Yes - but they will shortly IPO the fumes.

[atossa] 07/2/2022 11:15

How much cash do they have? Weren't they running on fumes at the end of December?

[noirua] 07/2/2022 11:01

Despite everything and anything Red Rock's share price seems too low compared to Power Metal... My own view sees a fair gamble price retained at 0.85p.

[kemche] 07/2/2022 10:52

"Probably AB is upfront with the truth"

Probably. He has yet to lie so far.

Amulet?

Steelmin?

Cyprus?

Greenland?

Shyte Creek?

etc.

[noirua] 07/2/2022 10:12

Red Rock's shares are trading as if investors do not know what to believe. Probably AB is upfront with the truth but what will happen to any cash arriving in Red Rock's account?

Kenya is moving to the second phase of drilling so the complete results will probably arrive later in 2022.

DRC drilling results were promised shortly or was it in a few weeks more than a few weeks ago. No way of knowing the outcome here.

NBGC looks a stop and start IPO and drilling results likely later in the year. The IPO is also, maybe, put back for later too.

Elephant Oil Corporation is moving to a quotation on the Nasdaq AB says. Should have happened in the 3rd quarter of 2021 but did not. The oil sector looks good for a quotation though the website is very quiet and one would not guess an event is about to occur.

El Limon royalties are expected once more. Will it happen?

DRC legal proceeding over Musonoi have proceeded well. A feather in the cap of AB.

Mount IDA royalties look fine somewhere down the line. Juno do not have enough cash to advance this so it's a case of don't hold your breath. Like a carrot dangling in front of a donkey with little hope of being able to gobble it up. Anyway, it is worth a great deal should it come off.

[graylyn1] 05/2/2022 14:51

The biggest Gold and Silver swindle of all time!!


Kinesis Money
@KinesisMonetary
Have you seen this video from
@TFMetals
, Craig Hemke explaining the Gold and Silver swindle? If you haven't already, it's almost at 850,000 views. Let's get it a million!

[kemche] 04/2/2022 20:16

"There must be an underlying reason why."

I suspect there is. If not an overlying one.

[noirua] 04/2/2022 18:49

A great deal of buy trades today that failed to move the share price. There must be an underlying reason why.

[kemche] 04/2/2022 13:29

'finger a few'

Isn't that what Ettie has been doing to the shareholders here?

[noirua] 04/2/2022 12:42

It is not a case of 'Buy with open arms' at Red Rock. More a case of 'finger a few'.

[noirua] 04/2/2022 12:00

Asset Review and Current Developments
4 February 2022

[kemche] 04/2/2022 10:16

"The coming into production one day of Mt Ida would be a development of the first order for Red Rock."

It's going to happen one day no doubt.

What about the millions in settlement? Received those yet?

In the meantime no stock available - all sold out.

[noirua] 04/2/2022 09:56

The RNS today seems very similar to another not very long ago. However, it does show any potential investors exactly where the asset position is and what is going on. No mention of how much cash is in the bank at this very moment.

I used my profits from my holdings in CIZ in two accounts to double my present holding in Red Rock to 820,100 shares. Maybe I just see some safety in the present price and a worthy punt in this difficult market for small caps.

Andrew Bell of Red Rock Resources provides a company overview and talks about upcoming milestones 10 January 2022.

[noirua] 03/2/2022 00:32

Jupiter Mines Limited:
The manganese price rose slightly to $3.41 per dmtu. Just a little more confidence.

[noirua] 02/2/2022 14:50

kemche, if you keep buying shares no wonder there are not any left. Please desist!

[kemche] 31/1/2022 10:54

No stock available - all sold out.

[noirua] 28/1/2022 19:45

It came to the attention of Red Rock that its local partner VUP on October 20, 2021 served a Procès-Verbal de Saisie-Attribution de Créances (similar to a garnishee order) on parties including Kamoto Copper Company, claiming a principal sum of $15-million in respect of a purported surrender by VUP of the JV Assets and some others, for $20-million compensation, to La Générale des Carrières et Mines (Gécamines), a State-owned company in the Democratic Republic of Congo, under the terms of a purported Amicable Termination Transaction Protocol.

[noirua] 28/1/2022 13:35

US$4.505 million is the sum plus costs awarded. It is not known if an appeal has been lodged. The sum would NOT be tens of millions - that is just RRRs claim. AB has said it is not known if the party concerned can afford to pay.


The money was paid by La Générale des Carrières et Mines (Gécamines) to the partner of Red Rock Resources, Vumilia Pendeza SA.

The court successes are against Vumilia Pendeza SA. Glencore's/Gecamines subsidiary joint venture Kamoto Copper was originally mentioned but the RNS does not include them.



May 2021: Glencore today announces that the President of the Democratic Republic of the Congo (DRC), His Excellency Felix Tshisekedi visited the operations of Kamoto Copper Company (KCC) in Kolwezi, DRC. KCC is a joint venture between Glencore and Gécamines.


Updated 29 January.

[mininglamp] 28/1/2022 13:26

The fellow who appears close to Red Rock (or it's major shareholders) described (on the LSE bulletin board) Glencore as 'friends' well strike me down, it was a subsidiary of Glencore who allegedly stole RRR's stake in a project in the Congo.

Red Rock are pursuing the Glencore subsidiary (and others) in the courts for tens of millions of $, so are Red Rock making progress on these claims and are finding the Glencore subsidiary amicable to reach a settlement ?

If a amicable deal is reached it will be happy days for Red Rock shareholders !