Red Rock Resources Share Discussion Threads

[failedqs] 24/3/2022 17:29

No fundraising required if the elephant oil float finally gets away in April. It's taken longer than anticipated to get to this stage!I believe the valuation of the RRR stake will be a pleasant surprise for shareholders!

[kemche] 24/3/2022 11:59

The nag would have to be a veritable Shire horse to carry lardy Ettie.

[noirua] 24/3/2022 11:55

Even though there is a lot of negativity RRR remains a jolly good punt despite having fallen several times before over the jumps. Usually at the last easy fence when well ahead. Carrying a lot of weight and may do well if the jockey AB can be persuaded not to ride. A 100-1 outsider but the price could come in quickly - it just has in fact.

[kemche] 24/3/2022 11:42

No shares available - all sold out.
Where is he?

[noirua] 24/3/2022 11:40

Now four approx 2.5 million share sales this morning. A larger holder appears to be unloading. That is about 0.83% of shares in issue.
Shares in Issue - 1,222,828,801

[kemche] 24/3/2022 11:15

"The Company has reviewed its financial position and expects to have sufficient working capital available to it for the foreseeable future. "

The expectations are clearly there.

Whoosh!

[noirua] 24/3/2022 10:01

Two more 2.5 million share sales close to 0.4p are not inspiring confidence. The AGM is coming up very shortly.
Although funds may arrive from the DRC court case the market is looking at the overall situation concerning expenditure, outstanding loans, and assets frozen against the loans.
Also what assets have been sold and not yet disclosed.
Not knowing is worrisome and even more so if investors no longer have trust.
The Half Year Report has been put back and many would have hoped it would be out before the AGM. There are probably very good reasons for this HOWEVER...

[noirua] 23/3/2022 14:17

kemche you've got it in one.

[kemche] 23/3/2022 13:57

All great companies Noirua!

[kemche] 23/3/2022 13:32

Because it is terribly undervalued. And just terrible.

[greenpastures2] 23/3/2022 11:49

Why do you waste your time on this?

[noirua] 23/3/2022 11:02

The interview had a worrying cough and the interviewer used the word 'mediocre' in reference to recent Kenya drilling. That does, unfortunately, sum it all up really unless the gold price takes off to $3,000.

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Anyway, Jupiter was up another 5% to 27.5c. So if all the shares have not been flogged off Yipee! on that front don't you think #kemche? - err crown jewels and all that. 36c looks in the bag IMHO.

Manganese Ore Index 37% Price (FOB Port Elizabeth/US$ per dmtu)


Please note: the price stated is an average price only, collated by Metal Bulletin. The price is not necessarily indicative of the sales prices received by Tshipi/Jupiter.

Week commencing 21/03/2022 - US$4.34 (Last week - US$3.95)




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Elephant Oil - - still not up and running.

[kemche] 23/3/2022 10:25

Thanks ML. Excellent news. Bell has never been wrong and I suspect he will not be proven wrong this time. Again.

[mininglamp] 23/3/2022 10:19

Mr Bell seems very confident that Elephant Oil will list within weeks and the court cases in the Congo will prove very lucrative for the company.

A range of circa $10m to £200m in damages is discussed for Red Rock concerning the legal claims in Congo.

Mr Bell seems to think the stake in Elephant Oil could be very significant, reluctant to offer a guide but has said historically $2m+

Interview from yesterday

[kemche] 22/3/2022 08:59

These are elephantine deposits!
Whoosh!

No stock available - all sold out.

[noirua] 22/3/2022 08:37

Normally I would say drilling results announced today at Mikei are rubbish. On the other hand, they should double the JORC resources but not improve the grade of the second issued resource - today being the third announced drilling results.

It will take some careful looking at but if the gold price pushes on to the expected $2,300 level there should be value in it. How much at that level? Well flogging it lock stock and barrel I'm not sure.

If today's drilling results were from near-surface they'd be OK but are at depths of 61 metres and more. Unfortunately at today's gold price, it might give a small team of 4 a good living with second-hand machinery if they were able to put mechanical problems right.. So worth something but probably not that much. Overall a bit disappointing though expectations were probably low by investors therefore so-so.
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On 22 February 2021, the Company announced the completion of a mineral resource and reported it as a Mineral Resource. The total Mineral Resource, for both Inferred and Indicated categories at a 0.5 g/t Au cut-off, is estimated at: 15.13 Mt @ 1.49 g/t Au with a contained metal content of 723 Koz Au. Macalder Tailings measured - • 68koz Au @ 1.7g/t.

AB has previously said the tailings are too far away to be processed in the short term - or words close to that.

[noirua] 21/3/2022 10:40

Jupiter Mines

Look to be moving up on the back of manganese prices increases. The target mentioned is 36c against today's closing price of 26.5c up 5%. Now is the time for producers, not explorers. That will change but such are the uncertainties in the world companies must have their stall out with products to sell.

[kemche] 18/3/2022 12:05

The first port of call for all those billions will naturally be RRR.

No stock available. All sold out.

[noirua] 18/3/2022 10:41

Cash positions among professional investors have hit the highest level since the peak of the Covid-19 stock market crisis in April 2020.
17 March 2022

[noirua] 16/3/2022 11:24

After so many years of frustration, Red Rock shareholders are looking for something like this from the company: Fevertree's total dividend for 2021 is 15.99 pence, up 2% on the 15.68p paid out for 2020. On top of this, it is recommending a special payout of 42.90p.

[noirua] 15/3/2022 09:22

So negatives and positives as AB loads up 2 million more shares in RRR to make a 4.8% holding plus options. Definitely, a person's own call on this one - good luck.

[noirua] 15/3/2022 09:01

Wealth_Creator et al. Red Rock shares would have to rise to 400p to 500p approx. a share to equal the peak which was about 21p. #TORP would know the exact figure but chooses not to post anymore...or maybe PJ knows it exactly as he was on board at the helm. Anyway, 0.425p to 400p would make RRR a 940 bagger - possibly a UK world record.

2011 --- 2011 --- 2011

Elsewhere, its 4 percent stake in Jupiter Mines declined in value, meaning the company’s “available-for-sale financial assets” declined to £14.7 million as of December 31.

2011 - 2011 - 2011
Annual Report and Accounts 2011


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The gold price has fallen away sharply which is a negative factor. Mind you a rise in Jupiter shares may well be timely if it gets back over 30c.

[noirua] 15/3/2022 08:55

Manganeses price jumps 11% taking Jupiter's shares up 9% to 25.5c.


There has to be some uncertainty as to how many shares RRR now has as some more may have been sold - we don't know for sure. Also as to how many are still held with POW shares for loans being repayed monthly since June 2021.