Red Rock Resources Share Discussion Threads

[kemche] 29/4/2022 13:03

J l o n d o n , Did you ever work as an analyst in the city? Your deep research tells me you have been around the block.

Please do revert back with the royalties received from Mt Ida.

Thanks. ==========

[kemche] 29/4/2022 12:43

=============K O L W E Z I===============


---------A F A B U L O U S P R I Z E-------------

[jlondon] 29/4/2022 12:28

Yes, no more Jupiter mines but royalty is from Mt Ida.?
Got to check.

[jlondon] 29/4/2022 12:27

-----------RRR MUSONI, DRC 50.1% ----------
Link: www.metorexgroup.com/business/projects/musonoi-project/

"2 known mineralised zones.
LOCATED IN THE HEART OF K O L W E Z I mining hub.
31.7 M/t @2.8% copper and 0.9% cobalt.
Depth: 600m below surface /indication body open to 1,000m below."
---
Comment:
From the Miningdata online,
GECAMINES owns 25%
JINCHUAN GROUP 75%

Gecamines is the DRC state mining co.
So, how many times has RRR's 50.1% being sold on?
---------A FABULOUS PRIZE-------------

[noirua] 29/4/2022 12:26

All reference to Jupiter Mines JMS has been removed from the header as Red Rock has divested its interest. Jupiter Mines sole interest is in manganese having hived off the iron ore holdings. If Red Rock had maintained its 25% interest in Jupiter Mines they would be receiving a Final Dividend of £2.9 million at the end of May. The shares would be valued at £72 million.
At 24.5c a share the yield is about 6.8%. The divi. is unfranked.

Some amusing posts this morning. Cheered me up no end - thanks.

[kemche] 29/4/2022 12:12

---------U S $ 1 2 5 B I L L I O N."!!! H u g e.---------

=====T h a n k s !!!! =========

[kemche] 29/4/2022 12:11

=========S O M E excellent RESEARCH there J L O N D O N=======

"T H A N K S"=====

[jlondon] 29/4/2022 11:59

"RRR confident at 1/2 year stage as NEXT STEPS planned for C O N G O,
ZIMBABWE and Australia."-Proactive Investors, Fri, 29 Apr 2022.

"L U A N S H I M B A
copper/cobat, additional drilling to delineate the structure and to ultimately prepare a FORMAL RESOURCE."

--
From elsewhere, I read that the STRIKE for Luanshimba, DRC [Congo] is 1.3km.
So, much LONGER STRIKE THAN FOR MUSONI, DRC at 600-700m.
Luanshimba-DONT KNOW THE DEPTH, got to check later.
However, the GRADES are much lower than Musoni although described as HYPOGENE?
I dont know the INTERSECTION LENGTHS for Musoni but the initial Luashimba intersections are not very wide?

So, ZIM, AUSTRALIA [gold presumably in Victoria IPO] and Launshimba, DRC is the next set of news.
--
As for Juno and Jupiter, TOGETHER they make up nearly 1bn tonnes which is large.
Mt Bevan's exploration target is 1-1.5bn tonnes of iron ore.
Juno's Mt Mason is high grade.
LoL Jupiter Mines iron ore in Australia flows into the NEXT PROPERTY at Mt Bevan.
Looks like Gina, the iron ore billinaire may take 51% stake as she has already bought 9% stake.

[jlondon] 29/4/2022 11:48

------------ MUSONOI, DRC 50.1% OWNED BY RRR-----------
W h a t a s h o c k!!!

Link: hxxps://www.miningdataonline.com/property/1070/Musoni-project.aspx

"The CONSTRUCTION of the group Musonoi copper-cobalt was also FULL STEAM AHEAD in 2020
where the construction of the ventilation shaft, office facility, living camp, warehoue and core shed have been underway COMMENCED IN 2020.

OWNERS:
GECCAMINES SA 25%
JINCHUAN GROUP 75%.

MUSONOI STRIKE LENGTH 600M-700M.
550M BELOW SURFACE."
"GRADES 3.1, 3.2, 0.9 AND 1.1 % CU."-see table.

Comment:
SHOCK DUE TO:
Construction of RRR's 50.1% MUSONOI had commenced in------------2020.
What is the position now ie production START?
JINCHUAN Group 75% -owner of Musonoi -DID IT GET RE-SOLD AGAIN?

Stunning news. Yes, it is near Lumbumbashi, the capital of DRC ie Musonoi [see right of mining data page.

As said, RRR stated "IN-SITU VALUE US$125 BILLION."!!! Huge.

[kemche] 29/4/2022 11:47

'With admin cost, salaries/pension rising so much'

The man has to eat for gawd's sake!

[kemche] 29/4/2022 11:45

"surely they will raise soon." I wouldn't count on it as there are a number of imminent corporate catalysts that have been imminent for 20 years and get imminentlier by the day.

[the bull] 29/4/2022 11:25

With admin cost, salaries/pension rising so much, surely they will raise soon. After that, I am in for a gamble again

[kemche] 29/4/2022 11:20

Excellent research jlondon as has become your hallmark.
Thanks.

[jlondon] 29/4/2022 11:10

Cash /cash equiv £182k.

NON-Current Receivables £1.344M.

Investment in associates/JV £1.699M.

EXPLORATION ASSETS £13.657 MILLION.
TOTAL NON-CURRENT ASSETS £17.624 MILLION.

[Debt £2.2m] got to re-check later.

Interim RNS today from RRR, Fri, 29 Apr 2022.

[space_dust] 29/4/2022 08:47

A tweet from Paul Johnson, he seems to think the sector is about to turn referring to 2009/2010 when RRR moved from 2p to 19p, one does wonder if he has been buying RRR again.



@pauljohnson9691
·
2m

There is an energy building in the junior resource sector - it’s starting to feel like late 2009/early 2010 in the 2008-2011 major bull phase. There are opportunities all around for investors across the sector. Fantastic to see.

[noirua] 29/4/2022 08:13

Half Year Report to 31 December 2021:

24 March 2022:

Annual Report to 30 June 2021:

-----

At first glance the Half Year report shows that Greenland reparation costs continued at £61K. Lack of interest receivables shows that Red Rock has given up its remaining shares in Jupiter Mines against the large long term loan book rather than paying off the loans.

Red Rock appear disappointed at the delay in the IPO of Elephant Oil Corporation.

The IPO of NBGC is purely in the hands of Chairman Andrew Bell. Planning a date for the IPO is difficult with the gold price moving about and gold shares still under the cosh.

Kenya seem not to be advancing well with assay delays.

Musonoi is the main likely income earner in the future. AB remains confident it seems though the time factor is uncertain.

View: The Half Year results appear rather drab. The loan book seems under full control though cash from the Musonoi asset is needed. The NBGC IPO looks uncertain and the EOC IPO disappointing so far. Looks to be a fairly honest set of results and opinions and marginally better than neutral.

Thoughts: As the US$ and AU$ have strengthened by 10% to 13% against the GB£ the Australian assets and royalties have risen in convertible value as to have the royalties in US$s from El LImon and the 4% interest in EOC.

[jlondon] 28/4/2022 23:53

LONDON SOUTH EAST, THUR, 28 APR 2022 AT 22:38:

"I dont fall in love with shares. I buy and have never held for more than 2-3 years.

IMO something will happen on

1. MIGORI/KENYA.

2. Iron ore project forward with big payment to RRR.

3. Litigation settlement.

IMO Elephant Oil will create positive news but IMO not a game changer.

NB: Item 1 and 2 and 3 are LONG TERM EVENTS , 2-3 YEARS, SOONER WOULD BE NICE."

[I am not the poster]
---
27 Apr 2022 [Wed] at 20:38
"I AM A RECENT OWNER OF RRR..."
By the same poster on London South East , RRR forum.

==LOL, I POSTED ON 22:22/25, Thur, 28 Apr 2022 BEFORE the above poster and a bit earlier and deduced from research that RRR MIGORI, LITIGATION [DRC] are the potential big ticket items.

However, I was not cognisant of the iron ore - I will check on the ASX for more on this via RNS/ANN.

[jlondon] 28/4/2022 23:25

RRR share price went up today to 0.39p, Mkt Cap £4.7m.

Lowest ever from Google Finance is 0.31p ?

First Equity said RRR went from 1p to 20p = 20x.

Paul Johnson, who had very little capital [he said so again today on Twitter, 28.4.22] came into RRR at 2p and sold at 17p during the time of the JUPITER MINE event.

Cant think P.Johnson will not want to try a 2nd time-human nature given the share price of RRR and Misouni, DRC and 2 more licences + all the other projects which are already advanced to JORC [Kenya -Migori Gold] etc.

J.London, Thur, 28 Apr 2022.
RRR 0.39p, Mkt Cap £4.7m.
RRR holdings in POW, 25m @1.7p today = £4.25m -have to see interims tomorrow as to how many shares left.

[jlondon] 28/4/2022 23:22

RED ROCK RESOURCES:
Has set up SUBSIDIARIES in:
B U K I N I F A S O.
C O T E D* I V O I R E.

RRR DRC
Also looking into LITHIUM.
One of the very big lithium deposits is MONOLO, AVZ [ASX listed]into $billion mkt cap.
Not in production yet but has 2 cornerstone investors including SUZHOU.

RRR ZIMBABWE
2 licences applied for NEAR ACADIA [sold to Chinese for US$422m, not in production]
and BIKITA mine - LITHIUM.

RRR has the results but will release them when they get the licences.


--------------LITHIUM IS CURRENTLY IN VOGUE WITH SPODUMENE PRICES PER
PILBARA AUCTION ON 27.4.22 AT US$5,750 PER TONNE SPOT SPODUMENE.-------
Prem's cost is US$800 per tonne. Elon Musk says profit margins are like tech software and Elon's Tesla is looking to get into lithium as the prices, he said is "INSANE."



-------------HATE TO SAY THIS BUT RRR'S ASSETS EG DRC [3], KENYA JORC GOLD 723K,
POW SHARES OF 25M [1.7p POW share price today of £4.25 Million vs RRR Mkt Cap of £4.7m @0.39p underpinns the mkt cap], El Limon Royalty, etc are FAR MORE ADVANCED than
POW starting out on early discovery projects but their MKT CAP is around £25m.

Hence, I said PJ must be interested in the 2nd ROUND - 1st round PJ made his fortune of £900k to £1m from RRR when it went from 2p to 17p [First Equity said that RRR went from 1p to 20p].

GLEN appears to want MUSONI, DRI [RRR 50.1%] and majors dont want tinni weeny projects. RRR CONSULTANT GEO'S STATED IN-SITU VALUE IN THE GROUND OF MUSONI, DRC IS US $ 1 2 5 BILLION which few co's can attain to.

FIRST TIME, BEST LOCATION MANGANESE = JUPITER MINES [RRR share price 1P TO 20P]
2ND TIME, BEST LOCATION COPPER/COBALT, DRC= MUSONI, DRC JV.
[From A.Bell, CEO in a 2018 Interview with PROACTIVE INVESTORS AT START OF JV.
EVEN THEN, HE KNEW AS ITS WAS IN THE BEST LOCATION AMONG 7 MAJORS WITH MAJOR DEPOSITS IN DRC INCLUDING IVANHOE'S KAMOA-KAKULA, WORLD CLASS TIER 1, DRC.
BHP in early talks to buy Western Foreland, next to Kamoa-Kakula, also from Ivanhoe.

----------HISTORY PROVED A.BELL RIGHT: HENCE LATER MUSONI, DRC JV
TAKEN BY G, NOW RRR HAS WON ROUND 2 O THE LITIGATION.---

[space_dust] 28/4/2022 23:11

I took another 200,000 shares today, I do believe (hope) I am getting in at the bottom rung.

A 9 fold rise that happened in 2010 would do nicely !!!

[jlondon] 28/4/2022 23:05

Cash per Annual Report : £500k [inc Juno].
Debt: £600k.
Answer.

MORE IMPORTANT: LOOK AT "GOING CONCERN" STATEMENT.
Should be NOTHING from auditor about going concern issue as per AR dated 30.12.21 issued in Feb 2022. This is important as it means that if there is no issue with going concern, the co has impliedly by theory, 12 MONTHS runway.

[kemche] 28/4/2022 22:24

Also try to find the line that reads Cash and then compare it to current liabilities, cashflow and loss for the period. Always a good exercise to perform by any prospective investor.