Red Rock Resources Share Discussion Threads

[noirua] 09/3/2022 09:48

There has to be a particular reason why the AGM is the last day of March when it is usually late January to early February. So 22 days left for news on the sum claimed from their partner at Musonoi, DRC.

Further news on Luanshimba, DRC is unlikely. News on royalties, the good news that is, is also unlikely. The IPO of Elephant Oil Corporation is dragging on a bit as is NBGC in Australia. The Kenyan drilling results so far have been quite disappointing. Shares in Jupiter remain close to their low point. Power Metal and Juno share prices have both plunged. The upside is the gold and oil price though no profits there if you have none available to sell.
Cash must be a problem and what the loan situation is and shares sold is the usual mystery that awaits the AGM pronouncement no doubt.

Will AB survive this time out? The odds are 50 - 50 with the largest shareholder of RRR 16.78% holding the key here. If he votes against with a number of others holding 1% or more he is gone. Taking all the factors over many years into account and if no very good news arrives the inevitable should occur.

[kemche] 08/3/2022 13:38

No such thing will happen. Stockholm syndrome live.

[grimreaper2019] 08/3/2022 12:19

Well Bell has failed to deliver the much touted shareholder value he 'promised' would happen in Q2 last year, complete failure, he needs to go.




AGM date was announced yesterday, 31st March @ 9am.

Shareholders wishing to remove Bell, Borelli and stop them issuing more shares need to vote 'NO' to resolutions 2, 3, 5, & 6.

Bell is resolution 2.

[graylyn1] 06/3/2022 16:12

MiningLamp, fully agree. Even if you despise A.B. the value is here and If he does not deliver soon!! the AGM is very close.

[kemche] 06/3/2022 14:58

"if one had a choice between buying POW (£18m m/cap) or RRR (£6m m/cap)"

Just imagine if the choice of companies to invest in was more comprehensive!

[mininglamp] 06/3/2022 14:46

It has gone quiet at Red Rock, probably a good idea given market conditions, it seems anyone releasing a RNS currently gets a immediate booting of the share price no matter how good the news is.

The one thing that would raise the RRR share price is a cash payment from the legal dispute in the Congo, a subsidiary of Glencore, RRR are pursuing at least $5m, they have won a number of court judgements so it is entirely possible this cash could eventually hit the bank account.

With oil at current levels and Namibia having a red hot oil discovery close to Elephant Oil it makes EO even more valuable from RRR perspective who hold a decent slice of shares, this stake could quite easily be worth $2m+ IMO.

In all nothing much has changed except market conditions, if one had a choice between buying POW (£18m m/cap) or RRR (£6m m/cap) right now I know where I would prefer to place my cash.

RRR looks astonshingly cheap.

[new_scally] 06/3/2022 02:07

kemche

Still here, you must have lost your shirt to be here for so long so often.

Never thought of moving on?

For all your negative posts you cannot say you have made any difference. One day this company will cease to trade all on its own.

[kemche] 05/3/2022 20:23

How many more successful adventures does he want to embark on FFS!

[graylyn1] 05/3/2022 20:01

#RRR EXPLORING WEST AFRICA’S GREENSTONES

The Opportunity in Burkina Faso 2022.



interesting read

[kemche] 04/3/2022 19:28

"Kenya might make it" Oh just come on now!

[noirua] 04/3/2022 18:18

The gold price continues on up and is likely to test the $2,000 level soon enough. Good for RRR's gold interests.
Kenya might make it if the gold price pushes on to the original 2001 target of $2,300. All is not lost IMHO.
The NBGC tenements are worth a bit more with the GB£ falling against the Aussie$ - down about 3% in recent days.

So cheer up AB. It took an unfortunate war in Ukraine to save or bring on the day, not of reckoning but bounty due in after all.

[gozo] 03/3/2022 22:50

I remember Bell arranging the AGM date for Regency Mines on the 23rd of December annually .V awkward for disgruntled shareholders to turn up to a meeting at that time of year. He's as slippery as aim gets imo

[kemche] 03/3/2022 17:24

How many countless investors have been shredded here during his tenure?

[noirua] 03/3/2022 17:01

kemche, even if AB finds himself in water with hundreds of piranhas he will still come out unscathed, whilst all the investors will be torn to pieces. They will be all appreciative, the piranhas, of having been fed on 'plaice-ings'.

[kemche] 03/3/2022 15:19

Piranha - as long as new ones are born this will continue.

[dancing piranha] 03/3/2022 14:10

My God, this pos is still trading, lol!
How has Mr Bell managed to keep making a living all these years from RR, fleecing the gullables here I suspect?!?!
I remember this from the noughties, never made a profit, and looking at the sp, never has... keep believing! lol

[noirua] 03/3/2022 11:17

In these markets, nothing is certain though Red Rock shares may see a price giving a chance to buy at around 0.43p fairly shortly. AB seems to be hanging the washing out to dry hoping for warm sunny weather to dry them and issue a joyful RNS leading to an AGM. I believe companies are being allowed 2 months' grace so I'm expecting an AGM in April - hopefully not in the morning of the 1st day.

[kemche] 03/3/2022 10:42

With sanctions against all the Russky precious metals suppliers expect international groups to be eyeing RRR. Glen/Anglo/Rio/BHP sniffing around?

[noirua] 03/3/2022 09:53

Others have done equally bad or worse - err well, maybe not.

[noirua] 02/3/2022 10:08

AGM:
If your private limited company is holding an annual general meeting (AGM), you need to give members at least 14 days’ notice.

[noirua] 01/3/2022 17:56

I don't know about the pesky El Limon royalties. The better news is that the manganese price is steady at lower levels as it has been for a while now.


The GB£ is falling against the AU$ - Jupiter Mines shares are steady at lower levels presently 23c.

[kemche] 01/3/2022 14:41

MMs looking for cheap stock prior to the receipt of the El Limon royalties.

[noirua] 01/3/2022 11:46

February 10, 2022
2022 EXPLORATION


The El Limon mine, which has historically produced over 250,000 ounces over the life of the mine, sits along the Estrella-Diamantina mineralized trend, which is contained within the Company's 100%-owned Zara concessions.
The land package extends 12km to the south and is on trend with GCM Mining’s (formerly Gran Colombia Gold) Segovia project, which has produced over 1.3 million oz. Au and has MI&I Resources of 2.6 million oz Au.
Along the trend, there are a series of small mines that indicate the vein system is present but little modern exploration has been done.

The 2022 exploration plan includes 20,000 meters of drilling for its advanced exploration projects. The drilling plan will focus on two main objectives:

In-fill and step-out drilling in the south and north end of Estrella-Diamantina mineralized trend (near the Diamantina and La Estrella small-scale mines) and,

testing vein and grade continuity in other exploration targets at Limoncito and Cañon de Rojas areas.

Soma has planned 16.4km of ground geo-electrical geophysics for its Estrella-Diamantina project. This geo-electrical survey method has been used to identify ground structures that can be related to quartz vein systems.
This survey will outline the possible extension of the mineralized trend and generate relatable data to identify other mineralization at the target site.

Grassroots and early exploration activities including detailed mapping, soil, rock and stream sediment sampling will focus on the under-explored Cañon de Rojas and Porquera-El Quince zones.

[noirua] 28/2/2022 15:52

#11946 - Jupiter has zero interests in iron ore. The tenements were hived off in Juno Minerals. The writer of the article has not done their homework properly.