Red Rock Resources Share Discussion Threads

[kemche] 31/3/2022 11:49

Consideration of $25,000, has been paid, with a further $10,000 retained by ALR until completion of transfer.


Whoosh!

That must surely be worth at least £50m.

No stock available. All sold out.

[noirua] 31/3/2022 11:49

Congratulations to Chairman Andrew Bell for being voted back in again at Red Rock Resources PLC.

[kemche] 31/3/2022 11:46

This is huge news!

Whoosh!

[on target] 31/3/2022 11:45

Elephant Oil IPO filing - filed on 28/3:

[tomboyb] 31/3/2022 10:47

My lithium thread -

Its just the very beginnings for the Lithium cycle -

[tomboyb] 31/3/2022 10:41

Highlights :

Ø African Lithium Resources Pvt Ltd ("ALR") has been established as a 75% owned subsidiary in Zimbabwe with a local partner.

Ø ALR has acquired 51 ha of lithium claims 29 km NW of Bikita in SE Zimbabwe at Tin Hill, and is in the process of transferring title.

Ø Spodumene and petalite lithium mineralisation identified in 10m thick exposures averaging 1.43% Li(2) O (Geological Survey of Rhodesia 1975).

Ø ALR has taken 7 samples in one area of the licence, with best grades received from an accredited laboratory at 2.07% Li(2) O, 1.082% Li(2) O, 0.87% Li(2) O, 0.62% Li(2) O

Ø Consideration of $25,000, has been paid, with a further $10,000 retained by ALR until completion of transfer.

Ø A new 125 ha application near Arcturus, a mining site 32km E of Harare in Zimbabwe has been approved for grant with a further application nearby in process

Ø A 107 ha application near Bikita has been made and another property with high grades from our sampling has been identified for purchase.

Red Rock Chairman Andrew Bell comments : "Zimbabwe has long been the biggest lithium producer in Africa, and one of the largest in the world. Its pegmatites have a mineral endowment that has considerable expansion potential, and international investors have shown themselves willing to invest in lithium exploration and development in this traditional mining country that has been in disfavour for decades.

Two key centres are Bikita, the site of the best known Zimbabwe producer, the Bikita mine, which is now 74% controlled by Sinomine group, and Arcturus, where Australian miner Prospect Resources Ltd (PSC:AX) announced the sale of its 87% interest in the Arcadia project for $389m to Zhejiang Huayou Cobalt on 22(nd) December 2021.

[the deacon] 31/3/2022 10:38

Always a good top of the market signal when Bell gets involved.

[on target] 31/3/2022 10:33

RRR now the cheapest listed lithium stock? Could be a smart move by Bell.

Ø Spodumene and petalite lithium mineralisation identified in 10m thick exposures averaging 1.43% Li(2) O

[kand17] 30/3/2022 19:35

Saw an analyst report that put the share price at 1.6p after the float...anyone see anything like that?

[noirua] 30/3/2022 11:44

Of course, we must look at further hope in the future that may also come off - who knows. Victorian gold might IPO some time in the future. Money might eventually be received over Musonoi, DRC. The Canadian oil interest, quite small, might eventually IPO.
Other long-term hopes that so far have floundered: Iron Ore royalties though the holder of Mount Ida assets Juno Minerals has seen their shares flounder.
Cash must have been used quickly against NBGC in Victoria, DRC, and Kenya. HAVE MORE SHARES BEEN SOLD?

The Half Year Report is delayed ( or the company took the opportunity to delay ) - IT IS NEEDED OUT NOW!

[kemche] 30/3/2022 11:32

Amulet was a huge success, as were Shyte Creek, Sweet factory etc. The list is endless.

[noirua] 30/3/2022 11:14

Specific Red Rock failures were Steelmin and Greenland and both hurt the company's share price badly and caused investors heavy losses. There could be final successes in the future but who should be at the helm?

Jupiter, Kenya, Colombia, and Steelmin in 2018 - Steelmin now bust with a £1 million loss to Red Rock - no distribution ever made - Melville Greenland dead says AB. Considerable repudiation has been made by Red Rock to Greenland each year since then - a financial disaster.

[noirua] 29/3/2022 12:57

It would be interesting to know how RRR voting is going for the AGM. The odds that AB will survive is difficult to access as some may view it practically as to whether his going now would be best or not. What could be gained or achieved? - or indeed - What could be lost or like nematodes can be beneficial or parasitic?

[kemche] 28/3/2022 11:14

It's all about the manganese price now.
No stock available.
Satisfactory.

[noirua] 28/3/2022 11:09

Elephant Oil Corporation:
Still no updating of the website.

The Half-Yearly report not being available at the late AGM this year gives pause for thought.

The Kenya drilling results as far as the most recent results of drilling are concerned are disappointing.

What shares held are sold and how many are held against loans desperately needs to be clarified in the next few days. Clarified by proven facts, not by jovial waffle.

The legal matters in DRC have been spoken about by AB. Since the last notification of an award to be paid nothing legally official has been distributed by RNS.

Unsatisfactory!

[kand17] 25/3/2022 20:55

How much you thinking?

[kand17] 25/3/2022 20:12

Joined the punt. I have notes that the share price has done nothing substantial for a decade and this will likely continue till they hit something.But I can have 50000 shares for £250 and RRR ever finds anything of note in the next decade and pops back up to £3-4 I will be able to pay my mortgage off with the proceeds. I've done a lot worse with £250 in my youth.

[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!