Red Rock Resources Share Discussion Threads

[new_scally] 25/1/2020 04:35

Was this someone from on here or one of the bod? Greggs customer causes £2,000 worth of damage after dropping £1 coin

[neilhume1] 24/1/2020 12:46

http://bit.ly/2u8QkvS

[noirua] 24/1/2020 12:43

Update on oil info from the great header links: Https://www.share-talk.com/oil-man-jim-company-oil-gas-podcast-mid-week-blog-22nd-january-2019/ Evil, not to be missed: Https://masterinvestor.co.uk/evil-diaries/evil-knievil-this-has-taken-some-time/

[seagullsslimjim] 21/1/2020 16:01

No room in heaven for Charlatans.

[torp] 20/1/2020 18:13

"Looking after yourself by Noirua" I wouldn't worry about your body Noirua. Ultimately it is doomed to die. Your dignity and reputation are more worthy things to try and preserve. The longer you shamelessly pump this total POS stock the more and more damage you do to those 2 precious things.

[costax1654x] 20/1/2020 15:46

orm expecting a great week,with the seller out!Mcap of 3 mil can not justify 5.5 mil cash and another asset without debts!Feel Sorry for previous shareholders who got the -70% drop after the sell of tungsten mine,but cash is twice the mcap without debts!

[seagullsslimjim] 20/1/2020 14:43

Looking forward most to Bells abdication! Wonder if a distant relative of his captained the Titanic?

[noirua] 20/1/2020 13:22

Abdication of King Edward VIII, King and Emporer: Https://youtu.be/hqosQROqzFY Speech of abdication of Royal duties by Prince Harry: Https://www.youtube.com/watch?v=oQgdloE3GOc Abdiction of Pope Benedict: Https://youtu.be/g-NJNSBNsyk Looking after yourself by Noirua: Https://www.webmd.com/dvt/ss/slideshow-deep-vein-thrombosis-overview?ecd=wnl_spr_122719_REMAIL&ctr=wnl-spr-122719-REMAIL_nsl-LeadModule_cta&mb=rdkRubj8zXFn4Y9Sa6bseuHnVev1imbCexA6bcodQzU%3d

[costax1654x] 20/1/2020 09:46

orm expecting a great week,with the seller out!Mcap of 3 mil can not justify 5.5 mil cash and another asset without debts!Feel Sorry for previous shareholders who got the -70% drop after the sell of tungsten mine,but cash is twice the mcap without debts!

[torp] 19/1/2020 17:15

Worse still the recent annual report (to end June) stated that there was: - Just £64k cash in the bank - Total Current Liabilities of £2.8m

[torp] 19/1/2020 15:06

RRR recent past losses, amounts raised through confetti issues and amounts expended on Admin and other expenses: 2012 - Loss - £1,962,882 - raised £4,441,844 - Admin £2,275,786 2013 - Loss - £22,105,562 - raised £4,103,795 - Admin £4,751,948 2014 - Loss - £4,113,460 - raised £2,723,861 - Admin £1,563,808 2015 - Loss - £8,411,541 - raised £2,327,377 - Admin £1,334,404 2016 - Loss - £283,280 - raised £1,155,323 - Admin £758,351 2017 - Loss - £1,114,213 - raised £300,000 - Admin £644,688 Total Raised - £15,052,200 Total Admin - £11,328,985 SP utterly destroyed No shareholder value here as the available monies go to expenses and admin imho. DYOR

[kemche] 19/1/2020 13:58

Any old crud.

[noirua] 19/1/2020 12:23

Barrick takes Acacia Mining back as buyout deal sealed 17 September 2019 Https://www.mining.com/barrick-takes-acacia-mining-back-as-buyout-deal-sealed/ A subsidiary of Acacia Mining Limited ( part of Barrick Mining ), AEK Acacia Exploration Kenya Ltd., may be in the frame should RRR be awarded a Mining License for its own subsidiary Mid Migori mining Limited. It is possible their involvement would please the Kenyan authorities who have raised concerns in the past about progress. Certainly Red Rock should be pleased with this or a similar outcome. Uncertainty of course all round and RRR have been given the runaround on this one in the last 4+ years. Having spent over US$10 million on the project they may get back a great deal with a big partner taking a high percentage of the project leaving Red Rock with cash and ongoing royalties. I doubt a company the size of Barrick would want a mining micro-cap in tow. If that happens then AB rises like a Phoenix. Https://pbs.twimg.com/media/DaZ9jgpW0AEkf_u.jpg

[noirua] 19/1/2020 12:11

The Impact of New Mining Regulations: Https://www.africalegalnetwork.com/legal-alert-kenya-new-mining-act-alert-series-immediate-impact-new-regulations-new-licenses/ Kenyan miners say law not conducive to investment 22 October 2018 Https://www.theeastafrican.co.ke/business/Kenyan-miners-say-law-not-conducive-to-investment/2560-4816656-ill4vfz/index.html Kenya hands over seized gold to Tanzania 24 July 2019 Https://www.theeastafrican.co.ke/news/ea/Kenya-hands-over-seized-gold-to-Tanzania/4552908-5208540-mfd8bj/index.html

[noirua] 19/1/2020 12:07

Mining Royalty Regulations 2017 Http://extractives-baraza.com/assets/content/PDF/Law/Mineral-Royalty-Regulations-2017-jan17.pdf

[noirua] 19/1/2020 11:56

KENYA’S NEW MINING ACT IS A MODERN PIECE OF LEGISLATION WITH A FEW ISSUES TO IRON OUT 1 February 2017 Https://www.bowmanslaw.com/insights/mining/kenyas-new-mining-act-modern-piece-legislation-issues-iron/ Concerns surrounding the Mining Act include the pre-emption rights of the government in relation to strategic minerals, the government’s 10% free carried interest, and the requirement for the listing of 20% of the equity of large-scale projects. In effect, this all means investors could find a large percentage of their company not being under their ownership and, to some extent, given over for free! While certain other countries do have a free carried interest in mining, Kenya’s relatively new industry may mean that giving away 10% is premature. Wherever a mining operation takes place, the community needs to be involved and to feel a part of the project. Some of the royalties prescribed by the new Act go some way to assisting with this, as they are directed specifically to communities. However, there is an additional need to engage communities and ensure there is local employment. Another issue relates to securing land rights. In the Mining Act, landowner consent is required even when applying for a license. This is extremely arduous. Considering the huge areas over which exploration licences may be granted, there may be 200,000 or more individual landowners and it is simply not possible to get consent from all of them in writing. We will hopefully see this provision reviewed and revised in due course. We expect a number of foreign mining investors are holding back and are waiting to see whether the current issues surrounding the new Mining Act will be ironed out over the next year or so. We believe the new Cabinet Secretary has the opportunity to turn the sector around, because of his enthusiasm and the fact he has gained the trust of a lot of mining companies. In this regard, it should be an exciting year in the mining sector in Kenya.

[kemche] 19/1/2020 10:49

It's all about the fundraising now. As it always was. And is.

[noirua] 19/1/2020 10:37

Red Rock Resources’ resilience pays off in Kenya 23 December 2019 Https://www.miningreview.com/gold/red-rocks-resilience-pays-off-in-kenya-following-government-woes/ The licences covered an area of 310 km² and is located in the south western part of Kenya, approximately 290 km west of the capital Nairobi. The project tenements lie within the Migori and Narok counties, extending approximately 63 km from Lake Victoria in the west and parallel to the Kenya/Tanzania border which lies 10 km to the south. Life of mine revenue from gold sales is estimated at US$95 million and the capital cost is $3 million recoverable within the first six months of operation. “Our case was more of a localised issue, but at the time we also had a mining minister who didn’t understand the market. While the process to take our licence away had already begun, the company had already invested more than $10 million.

[noirua] 19/1/2020 10:28

UK company’s bid for Kenya gold mining licence stalls January 1 2020 Https://www.theeastafrican.co.ke/business/UK-company-bid-for-Kenya-gold-mining-licence-stalls/2560-5404044-hl8ptl/index.html Summary: Red Rock Resources, which is eyeing a 243 square-kilometre site with deposits of the precious metal valued at more than Ksh180 billion ($1.8 billion), has been waiting for the licence since 2018. The company’s permits that were cancelled, SPL122 and SPL202, were issued under the former Mining Act.

[seagullsslimjim] 18/1/2020 19:59

Did someone mention British Bulls (again)? Any credibility left has now been shot to bits !

[noirua] 17/1/2020 17:32

We wait to see if BB are right. Only looking at charts I know and not the all over the shop factors at Red Rock. Hope all goes well for those investing anyway. Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRR.L

[noirua] 17/1/2020 12:29

Noted from Georgian Mining: In terms of costs and treasury, the Directors and Executive staff have not received any compensation for their strenuous efforts on behalf of the company since May 2019, and this situation continues. Given the continued delays and resulting poor performance of the company the Board concluded it was appropriate to write-off their Directors fees owing since May 2018, with the exception of the Chief Executive who wrote off part of his fees. The total write-off since May 2018 is £275,000. The company has been affected by a long delay in getting a mining license - much like Red Rock. The directors have faced up to this failing, not their fault at all, and have done the right thing. We look to Red Rock to show equally fine high standards and company directors to repay all their compensation in the last financial year due to equal failings and loss of £1.1 million over Steelmin. So far they have not manned up to this. Well done Georgian Mining's Board of directors.

[noirua] 14/1/2020 17:29

Para Resources Signs Binding Agreement for Purchase of Operadora Including El Bagre Gold Operation from Mineros S.A. in Colombia Http://pararesourcesinc.com/para-resources-signs-binding-agreement-purchase-operadora-including-el-bagre-gold-operation-mineros-s-colombia/ January 10, 2020, Vancouver, B.C. — Para Resources Inc. (the “Company” or “Para”) (TSXV – “PBR”) (WKN – “A14YF1”) (OTC – “PRSRF”) is pleased to announce that Colombia Milling Ltd. (“CML”) a wholly-owned subsidiary of the Company has entered into a binding letter of intent (the “Agreement”) with Mineros, S.A. (“Mineros”) to acquire 100% of the shares of Operadora Mineras S.A.S. (“Operadora”) for US$5.5 million in cash.