Red Rock Resources Share Discussion Threads

[noirua] 21/4/2022 15:29

The header is being rearranged - completed

[noirua] 21/4/2022 12:31

Despite the negativity, Red Rock remains undervalued.

[kemche] 21/4/2022 10:45

That 25,000 was my sale. It had originally cost me £25,000 pre the 36 consolidations. The wife wanted some fish and chips - a small portion thank god.

[kemche] 21/4/2022 10:24

I feel Ettie's dad will be as successful here as he was at RGM. If not more so.

[noirua] 21/4/2022 09:52

Some words from the past to invigorate further discussion:

[kemche] 20/4/2022 16:49

"the fruits of which are yet to be enjoyed" but enjoyed they very much are - for 17 bloody years. And all at the expense of the shareholders. The only thing ripening Frederick is dad.

We all await the fundraising as we are now accustomed to do. 30 billion bloody shares!

[noirua] 20/4/2022 16:43

The present market cap of Woodside is A$36 billion down from A$52 billion. It took 45 years to reach $52 billion and is now at A$36 billion after 57 years. Only at 40c in 1980 or 1982.

So Red Rock has some time to go. Maybe a project will canter home eventually to great success - the market price does not indicate that at this stage.

[atinos auntie ettie] 20/4/2022 00:51

I take umbrage at 'failed' since it carries a sense of final judgement and denouement.

More gentlemanly conduct would be to say that Red Rock continues to work on achieving its untapped potential, the fruits of which are yet to be enjoyed but ripen every day.

[kemche] 19/4/2022 17:08

All the sells were buys. No stock available.
Whoosh!
Consolidation here we come.
GLA LTH'ers!

[noirua] 18/4/2022 09:59

kemche, you are indeed right to point out the JMS debacle - my mind boggles. Mind you, if I hadn't sold some shares too soon I would now own many times the market cap of Red Rock so there you go. One I bought at 25c when a minnow sold at $1.80 and it reached $51 Oct 2009, just 11 years later, and entered the ASX20 - the share Woodside Petroleum. ( Woodside Lakes Entrance Oil was once a no hope failure in Gippsland and later BHP and Shell sold out, both were wrong as success came offshore in NW Australia. Red Rock has failed so far.)

[noirua] 18/4/2022 08:26

What really happened to the Russian ship Moskva:

[kemche] 17/4/2022 15:18

kemche13 Apr '22 - 16:03 - 12102 of 12110 Edit
0 0 0
I think I may have found the answer: "The Company no longer holds a material
investment in Jupiter Mines. "

Just imagine if they did!

[noirua] 17/4/2022 12:07

Jupiter Mines - the number of shares still held by Red Rock SHOULD be notified in the Half Year Report out later this month. In posting, I have no clues as to whether any have been sold or how many are held by another party against loans to RRR.


Her credo, according to her obituary in the New York Times was "Sell cheap, tell the truth, don't cheat nobody."[1] - Rose Blumkin

[noirua] 16/4/2022 14:48

NBGC
12 April 2022
Power Metal/Red Rock's NBGC venture assessing drill results in Victoria
Power Metal Resources PLC (AIM:POW) said it's New Ballarat Gold joint venture has paused drilling at the O'Loughlin's and Mt Bute prospects in Victoria to allow for the receipt of outstanding assays.
NBGC is a joint venture between Power Metal (49.9%) and Red Rock Resources (50.1%).

[noirua] 16/4/2022 11:54

This answers the reasons for the rise and fall in the price of Red Rock's shares - 2005 to 2022 - combined with the worse fall known in the mining sector from 2011 to 2016. Greenland collapsed after large expenditure. Kenya had cash piled into it and the mining license was withdrawn in 2015 - now revived but drilling results are lackluster.
Finally, Steelmin collapsed plus less substantial losses at Shoats Creek and Amulet. Regency Mines shareholding collapsed in value and Jupiter Mines's shares were sold down.

---

Investors looking at the here and now hope for cash from the Musonoi legal efforts in Lubumbashi. Cash from the Elephant Oil IPO. The flotation of NBGC. A hoped-for good outcome and sale of Kenyan assets.
There are the royalties at El Limon and iron ore royalties at Mount Ida.
Red Rock holds shares in Jupiter Mines, Power Metal, and Juno Minerals - the Half Year report is awaited to see if or how many shares have been sold and what the loan book is.

[noirua] 15/4/2022 12:06

Picayune is worth 6.25c US or 4.8p UK. So I suppose if Red Rock can become valued at 1 picayune investors will be very happy indeed.
Much depends on the Half Year results to 31 December last and whether there is up to date information within it. Usually, the halfway point garners little interest but this time out it looks very different.

For some investors going back over 10 years, Red Rock has been grotesquely transmogrified so hopefully, it will be metamorphosed in the form of transmogrify this time

[kemche] 14/4/2022 21:07

All the large investors find themselves as picayune investors under dad's stewardship Frederick. Give it up. The old man's a dud and has been for decades.

Porterhouse blues.

[atinos auntie ettie] 14/4/2022 20:05

This small explorer appreciates its small investors and would like said same to become large investors via the medium of share price appreciation as, one hopes, Red Rock transmogrifies into a larger entity.

[noirua] 14/4/2022 09:50

So many who arrived here over the years forget one major point and that is to make money on the investment and take on board the fact that a microcap explorer is as higher risk as it gets in the investment sector - a punter's dream or destructive hell depending on your sense of humour or indeed sensibility.

Learn from the likes of EK who may have lost £2 million on one investment but that appears not to have mattered all that much as it could have been worse. Losing, like many of us, £60k on Oxus Gold was I guess a small loss.

Only invest not just what you can afford to lose but that amount that is like a £50.00 bet on a horse and its loss a 'so what' amount. As AB once said, small investors put too much money into a small explorer: An annoying comment to some no doubt.

[kemche] 13/4/2022 16:03

I think I may have found the answer: "The Company no longer holds a material
investment in Jupiter Mines. "

Just imagine if they did!

[noirua] 13/4/2022 15:21

kemche - 13 Apr 2022 - 13:26:15 - 12099 of 12101 RED ROCK RESOURCES PLC - Information Thread - RRR
How many shares do we still hold in JMS?
---
Answer - How many JMS do we hold indeed. Jupiter is always loaded with cash due to having just one asset a 49% interest in Tshipi in the Northern Cape run by others. Money just rolls in as they sun themselves on the beech - 'easy peasy'.
IF RRR still has the same holding as on 30 June 21 divis should arrive twice a year.

If RRR held the same number of shares as in 2010 then the Red Rock share price would probably be 20p or more.

[kand17] 13/4/2022 14:18

I ditched my RRR shares after a short hold, company full of pumpers. Bought EEE and actually made money. Too many of these juniors management teams treat the companies like piggy banks off the back of us.

[kemche] 13/4/2022 13:26

How many shares do we still hold in JMS?

[noirua] 13/4/2022 12:47

Jupiter Mines Quarterly Report - 31 March 2022

Cash at bank AUD million 71.4