Red Rock Resources Share Discussion Threads

[noirua] 26/2/2022 00:30

On Target, the copper results so far are poor and cobalt is just an added interest copper being the one they are going for. If you have a look at the copper results from drilling by RMM you will see what I mean. RMM's audience was just mildly happy about the results. Anyway, markets are all over the place so anything could happen.

I wonder if there is going to be an AGM - held in early February last year - the Musonoi cash being recovered might just be the reason. I give it to AB he is a bit of a genius on legal matters in DRC. Few could follow his efforts so far - good luck to him.

RMM DRILL "HIGHLIGHTS" ( NOT RRR )

Drilling Program Targeting 535-560L infill for the Lower Footwall Zone, LP East Zone, and Jennings Zone (please refer to Table 2 and Figure 5 for an overview of this drilling target)

-- R22-535-01

-- 15.77m @ 2.03% Cu - LFZ
-- 9.00m @ 2.26% Cu - LPEZ
-- R22-535-02

-- 17.28m @ 1.79% Cu - LFZ
-- 15.00m @ 1.74% Cu - JZ
-- R22-535-03

-- 15.39m @ 3.03% Cu - LFZ
-- 3.50m @ 2.12% Cu - JZ
-- R22-535-04

-- 7.86m @ 1.85% Cu - LFZ
-- 5.70m @ 2.64% Cu - JZ
-- R22-535-05

-- 14.25m @ 1.99% Cu - LFZ
-- 14.00m @ 3.27% Cu - LPEZ
-- R22-535-06

-- 3.10m @ 1.99% Cu - LFZ

[on target] 24/2/2022 18:17

Did you miss the recent cobalt assays Noirua. Wouldn't say they were poor. The copper wasn't too shabby either, albeit not in the same league as the cobalt.

[noirua] 24/2/2022 18:01

RRR has indirect manganese coming out of their ears - unless AB sold the Jupiter shares. However, we remain uncertain about any loans held against Jupiter and Power Metal shares.

Red Rock is upside as far as gold and oil are concerned but interests could go upside down in blinking minutes these days.

We already have recent gold results from Kenya which were I must admit sadly to be poor.

We have some results from DRC, and you've guessed it already, yes, they were poor as well. But only 100 metres deep or leas so they, Red Rock, could still come up trumps.

On DRC again at Musonoi. Different, as this situation though not resolved by any means looks potentially great for AB and RRR.

NBGC looks as rosy as AB for different reason s me thinks.

[kemche] 24/2/2022 10:16

We need two things here:
1)Price of manganese
2)Availability of stock.

[mrmark1] 23/2/2022 13:36

Kenya gold assays tomorrow?

[noirua] 22/2/2022 00:52

The website for Elephant Oil Corporation is still not up and running. So it doesn't look as if anything is to happen soon.

[kemche] 21/2/2022 15:56

No stock available.

$1 billion!!!

[mininglamp] 21/2/2022 14:32

They obviously think the IPO of Elephant Oil will bring a major liquidity event to Red Rock, they tweeted today the nearest competitor to Elephant Oil, with a block nearby, is valued above $1 billion.

[mrmark1] 21/2/2022 12:20

Surly they need to release the Australian gold assays before going for an IPO. Investors in the new vehicle need to see those assays to build a picture and know what they are investing in. Watching AB's video interview there are two/three separate announcements for Australia coming soon Must be a catalyst for the Red Rock share price to rise before any new IPO. RNS from Kenya gold this week? Zimbabwe Lithium? Australian gold assays next week? Could be a good time to buy RRR with limited stock available at 0.6/0.7 level

[noirua] 17/2/2022 16:45

Gold continues its recovery as it attempts the $1,900 fence - it could fall back. How much Russia is playing in this is uncertain. Hopefully just a reminder of the low share prices.

Will AB & PJ go for an NBGC punt on an IPO now? - may sound a bit like President Biden prompting President Putin to invade if you dare.

[noirua] 16/2/2022 20:13

Gold is continuing to recover after faltering yesterday. Shares in the sector are up 0% to 8%.

[kemche] 15/2/2022 19:27

These are exceptional grades. Nearly as exceptional as the gold grades in Kenya.
Expect a whoosh tomorrow.

[noirua] 15/2/2022 13:34

It is difficult to have a view on the drilling in the Congo due to depths drilled at 100 metres only and 9 holes at far less than that and short of the target. Shows some promise but depths at 400 metres or so would reveal much more of the story.

[mininglamp] 15/2/2022 13:17

Very positive update from the Congo, looks like they could have a major deposit on their hands.

Exceeded their expectations and encountered significant thicknesses with exceptional grades, Copper/Cobalt !


'What has been achieved has therefore greatly exceeded our expectations and can be considered a success, identifying but barely penetrating a potentially large Copper-bearing structure, as well as encountering significant thicknesses and some exceptional grades of Cobalt which with closer-spaced RAB drilling can be better defined'

[kemche] 15/2/2022 12:27

All stock gone now and none available anywhere. Etc

[broken_arrow1] 15/2/2022 12:04

They are still asking a largish premium for anything over 1m shares, about £6k in value.

[mininglamp] 15/2/2022 07:12

New corporate activity in the Congo can only be positive for Red Rock





Red Rock refers to majors active in the area close to RRR licences.

[mininglamp] 14/2/2022 15:01

When you look at the projects, the investments, the royalties, the upcoming IPO's and the possible multi million $ legal claim against various parties (including Glencore) you have to wonder why the market valuation is a mere £6.5m.

One thing I have noticed AIM company revaluations happen exceptionally quickly, I really believe Red Rock are on the cusp of a major revaluation and have been adding.

Let's face it the sector has been in the doldrums since Q1 last year, there are signs that things are turning.

Buy low sell high.

[broken_arrow1] 14/2/2022 14:26

Strong underlying strength here, the book has moved up in the last hour, they want .635p for just 1m shares, a premium.

Looks poised for a decent move, could this be the next PREM ?

[noirua] 14/2/2022 13:19

Oil and gold are the principal good news assets with the Ukraine matter unsettled. If it is settled that could change for gold though share prices in the gold sector remain at very low levels.
What happens to the copper price if Russia moves into Ukraine?

Russia is said to have 130,000 troops lined up at the Ukraine border though Ukraine has 215,000 militaries.

[gozo] 14/2/2022 00:05

Cheers Noirua you too

[m1sterx] 13/2/2022 19:04

Have been building a decent position in Red Rock over the last few weeks, with so much news expected it is nailed on one will see a uplift in the share price.

There have been many clues in recent interviews that positive news will be coming in droves.

[kemche] 12/2/2022 13:37

"Was AB deliberately trying to entice people to buy Red Rock shares"

When has he EVER done that?????

Sheesh...

[noirua] 12/2/2022 12:25

The Q&A on Feb 10 was a bit of a puzzle to me. Was AB deliberately trying to entice people to buy Red Rock shares because he knew one drilling result and wanted us either to think he already knew the further good news or put us in a train of thought that so much good news is to come most probably perhaps?

Gold shares rose in the 'after-hours market' in the USA by up to 12% by the close at 1 am GMT.

[noirua] 12/2/2022 12:13

Hi gozo, crumbs that's going back to 2000 - 2010 Aurion Energy later Felix Resources. 2003 equivalent allowing for the consolidation was 35c hitting $23 in 2008 and then taken over in 2009 for $18.05 plus big dividends and shares in SAC. I doubt we'll see that again. Good luck!