Red Rock Resources Share Discussion Threads

[jlondon] 10/5/2022 20:17

Noirua 10 May 2022 @20:04
ADVFN Post #12365:
"Should any newcomer visit this thread please note that all posts mentioning a claim
for $250m by Red Rock Resources are a complete fabrication and lies. If in doubt please phone the office of Red Rock Resources PLC. The details are at


Those posting should remember that they are responsible for their post even if the info is taken from another source especially if a person is mislead."

========VERBATIM FROM ANDREW BELL, CHAIRMAN OF RED ROCK RESOURCES TO
Katie Pilbeam, Proactive Investors INTERVIEW, 29 April 2022 at 3:36pm===

"Tweet by Proactive Investors: Red Rock Resources Andrew Bell discusses the co's many irons in the fire." -29 Apr 2022.

EVIDENCE TO Link :

This is the same day, Red Rock Resources issued their Interims RNS, 29 Apr 2022.


====ANDREW BELL: "FIT FOR $250M OUTSIDE CONGO" and he mentions international co.
This relates to litigation re: MUSONOI , DRC. Mr Bell mentions going to Congo
relating to this matter and said "EQUAL LICENCE/split properties."=====

--------EVERYONE HEARD IT THEMSELVES AND EVERYONE THAT HEARD IT IS QUOTING FROM
THIS INTERVIEW FROM THE CHAIRMAN OF RED ROCK RESOURCES, ANDREW BELL HIMSELF --------

Good thing I decided to check.

[noirua] 10/5/2022 20:04

Should any newcomer or visitor read this thread please note that all posts mentioning a claim for $250 million by Red Rock Resources are a complete fabrication. If in doubt please phone/contact the office of Red Rock Resources PLC. The details are at

Those posting should remember that they are responsible for their post even if information is taken from another source. Especially if a person is mislead.

--
Some have mentioned Article 4 of the treaty of Rome concerning the $250 million. Below shows this is total nonsense.

Article 4 - Prohibition of torture and inhuman or degrading treatment or punishment

[2mex] 10/5/2022 18:23

Jlondon,

here's something to get your teeth into.. (thanks for your all your hard work, appreciated)



Ali Barro, 10May2022

Bilbale Licence in Burkina Faso

Q. "..So, is that gold in the country rock as well just in veins?"

Ali: "They find gold in country rocks but they focus on the vein because that is easier to track.. and I was there - I have some videos where they were washing it and showing me gold."

Q. "..and some they were getting from laterites as well?"

Ali: "Yes, up to 1 metre deep and where it was 1 metre deep most of the time that's exploited by woman so I have also got a video of that so its maybe at least 500 metres long and 200 metres wide with lots of children..women - its just the activity that they do."

Q. "So the implication of that "kalufium?" is that the gold is washed there but from some nearby source?

Ali: "Yes"

Q. "nearby hard rock source?"

Ali: "Yes"

Q. "So given that we've got quite a large licence there, the source would be within the licence?

Ali: "Absolutely"

Q. "and the structures going through the licence, as you say, with multiple structures going through the licence and meeting and being compressed and pinched in the middle, then opening out again..and so you think that the geo-physics is going to be incredibly important?

Ali: "Its going to be very, very important and highly recommended"

Q. "and your overall assessment of that licence?"

Ali: "Definitely..there is something. How big it is.. that's what we need to assess."
Ali Barro, Data Manager, is a Senior Geologist and Database Manager with the Red Rock group with more than 15 years of experience. He has managed several exploration projects in Burkina Faso, Ghana, Mali, Niger and Senegal.

100% Faso Greenstone owned by Red Rock exploring highly prospective gold region

* Two licenses held covering 348 sq km of highly prospective gold ground

* Major structures and shears; artisanal gold production

* Experienced team includes geologists involved in discovery of over 5m oz of gold in Burkina Faso

[grimreaper2019] 10/5/2022 17:53

Well if nothing else jlondon is to be commended for his hard work, one interesting post on LSE from Helpful (who appears to have links to the major shareholders and the Co)

This post from Helpful suggests that Bell may come back from the Congo with some cash - it appears that if the JV partner (who took $5m of which $2.5m + $2m in damages is owed to RRR) will not or cannot pay RRR Bell could get the cash via the JV partner bank.


Here is the post...


Three elements:

1. The $5mil damages. That has been awarded and is now executable. It can be pursued against VUP or the bank.

2. The $15mil is at Gecamines. The legal position as has been proved is that 50.1% belongs to RRR. AB is going out to dot the i's and cross the t's. Bottom line is Gecamines will pay once RRR and VUP have agree their respective positions.

3. The $250mil+ claim. That might take a while and nothing will happen on it till 1 & 2 are sorted. The steps are clear. Article IV of the Treaty of Rome applies.

The three actions are separate and distinct.

DYOR

[jlondon] 10/5/2022 17:52

"Amur Minerals" #AMC RNS, 6 May 2022:
"PROPOSED SALE OF KUN MARIE PROJECT."

"Sold total consideration US$105 million to be completed in a series of payments.

The divesture price represents a premium of 22% of the co's mkt cap of 5 May 2022 [£26.2m] & 330% of the CURRENT Kun Mari BOOK VALUE of $24.4m as at 30 June 2021 in Amur INTERIMS financials.

The closing price on 5 May 2022 was 1.91p per share.

A FAIR MARKET V A L U E was derived by Medea Natural Resources with a range from U$106m to US $131 million based on AN ASSESSMENT of INTERNATIONAL TRANSACTIONS for SIMILAR SIZED NICKEL equivalent projects.

Given current volatile mkt conditions & that the project is located WITHIN RUSSIA, the transaction falls at the LOWER LIMIT of the INDEPENDENT DERIVED FMV."

Note:
[1] All assets eg nickel when sold [or in this case an offer made to Amur], it must go for INDEPENDENT VALUATION to determine "FAIR VALUE."

[2] Amur mentions "BOOK VALUE" of $24.4m as at 30.6.21 in Amur's interim financials.

[3]Prices are always within a SHORT RANGE ie US$106m to US$131m and it explains mkt volatility and country risk ie within Russia means, LOWER RANGE was offered at US$106m.

Comment:
Why am I posting about Amur when this is RRR. It is important to provide back-up for one says ie VALUE/VALUATION.

[1] Look at RRR INTERIMS of 29 Apr 2022 - there are 2 figures for ASSETS[EXPLORATION] at £13m and £17m [split]. RRR does NOT give breakdown so this is an important figure to keep in mind. One also has to deduce the smallish debt.

[2] Fair value always means that it has to be sent to be VALUED vs SIMILAR PROJECTS and to derive value. Hence,why I mention RRR-Juno Mt Ida vs other major iron ore deposits to see how big is Juno's potential Tier 1 and others.

-------------So, hope it helps in order that any investor of RRR
may also use this same method to assess RRR's suite of exploration-assets-deposits with clarity and to know if they are going to be JV'ed, sold or how to obtain value. Every RRR RNS can then be scrutinised for this. Questions can be put to Mr Bell via the AGM or email so that one can get clarification. Applies to all co's as if one doesnt ask, then one will not know.

--In the end, ONLY THE ASSET VALUE MATTERS [Book Value in the financials under assets] vs INTERNATIONAL asset sale/s in that commodity and similar size.---
===THAT IS THE EXIT STRATEGY ONE IS LOOKING FOR & PROVIDES SOME UNDERPIN?
For this reason, I extracted values of the RRR assets, NOT ONLY BOOK VALUE [no breakdown] but also from SI Capital, Edison and Align Research for "value/valuation" to get an idea of value of EACH asset.---


Hope to drop by as and when Mr Bell surprises us investors with a sale of which one can hope for given he said he can always sell something instead of doing the normal type funding or placing. I gather the big shareholders dont want funding this way so maybe they too want sales or divesture etc. AMUR will now become a SHELL after the sale of their main project, the KUN MARIE. I believe they have x months to look for another project etc to remain listed. RRR doesnt have that issue as it has many projects and is therefore NOT selling their only 1 main asset.

With thanks. J.London Tues, 10 May 2022. Not editing as have to have dinner.

[alannlane] 10/5/2022 17:13

kemche is now in complete unhinged mode. Amazing what a little research can do!
Thanks jlondon for your hard work.

[kemche] 10/5/2022 16:31

Utter nonsense. Buffoonery of the highest order.
Up the dosage.

64th June 1936 16:31

[jlondon] 10/5/2022 16:27

P.S.

I am NOT a large holder of RRR shares.

However, I understand from Share Prophets via a Twitter article that at the last AGM, Andrew Bell was voted in on a "LAND-SLIDE."

I would assume that large shareholders of RRR are nuanced about money and therefore they also must be cognisant that the asset that should not be sneezed at is the MT IDA ROYALTY of US$11m to come. So, RRR has to merely be present till that time of Mt Ida either sold or go into production. Some AIM investment co's have little assets eg PRIM with only GGP shares in the main of value. So, these can run on minimum listing cost.
Clarity should be forthcoming as soon as Mr Bell returns from the Congo, hopefully shortly.

By the way, there is a distinct difference between BROKER TARGETS which I did NOT quote. I quoted VALUATION for 1 or 2 of the assets. If one has a Rolex watch say at home, it needs a "Valuation" done in order to insure it.
So, too with some of the assets that RRR has esp. CONGO. Musoni is believed to have been SOLD ON for US$250m. On the other forum, one poster said that the if it is found that it was SOLD UNDER MARKET VALUE kinda of thing, then PUNITIVE DAMAGES could come in. So, there is VALUE VIA PRICE DISCOVERY - IN THIS CASE, MUSONOI SOLD FOR US$250M
IF CORRECT + $5+$15m!! ONLY A TIER 1 CAN FETCH SUCH PRICES as norm!! Asked about broker note so every asset is VALUED, RRR BALANCE SHEET SHOWS THIS AS SUCH.

J.London, Tues, 10 May 2022.

[kemche] 10/5/2022 13:40

jlondon, from your deep and meticulous research of all the previous RNSes, company accounts, broker notes etc, how much of it has turned out to be true?

Kemche, 32 February 1834 13:41

[alannlane] 10/5/2022 12:42

jlondon some excellent research particularly the lithium work you have done...thanks.
A great contrast to Noirua dry as dust dirge of demented doom and gloom dystopia...

[jlondon] 10/5/2022 10:39

On London South East #ANGS, a similar type of post was posted yesterday and
it was deleted by admin.

So, kindly please note.

Noirua-all genuine shareholders of RRR would want to know the true VALUE of RRR's vast portfolio. We are here to share as a COMMUNITY.
Where in doubt, say Mt Ida ie your header says 1.23bn tonnes vs
Juno RNS/ANN of Mar 2022 Interims state, 1.85bn from the M.D, Durack, then the info has to be acknowledged as correct as this is REGULATORY NEWS submitted by Juno to the Australian Stock Exchange.

We should come together to mutually share and if in any confusion to go to
ANDREW BELL, CHAIRMAN OF RRR TO CHECK WITH HIM AND INVITATION OPEN TO YOU & KEMCHE for us to go to Mr Bell to OFFICIALLY VERIFY.

Quotations of valuation come from Edison broker notes on RRR, SI Capital broker note on RRR and Align Research note on RRR etc. Links or titles are given to put into the search engine to read and check. Others from RRR current website.

J.London, Tues, 10 May 2022.

[kemche] 10/5/2022 10:28

Mad as a March hare. Up the dosage.

[jlondon] 10/5/2022 10:20

----------FOR THE AVOIDANCE OF DOUBT----------------
#12351 -What has been posted is BACKED UP by titles to check or links.
The valuations comes from Edison broker note of the RRR assets or SI Capital.
I refer for further details to London South East RRR.PL to the links/title of articles etc.

No one has disputed any of the details given they are from RRR themselves or from
broker notes or from articles.

----------Example: Header states Mt Ida at 1.23bn tonnes of iron ore & link is to Juno. Juno Mar 2022 Interim RNS- Mr Durack, MD stated 1.85 bn tonnes.
So, header is not updated and a RNS/Ann cant be disputed.
Link: hxxps://hotcopper.com.au/asx/juno/ to Juno RNS, Mar 2022 Interims.---

Noirua, 10 May 2022 #12349 :"Quite a lot of info posted here in recent..is wrong, mixed up and confused." I note that you last quoted a map from RRR relating to Musonoi, DRC copper and cobalt and you told me that it is 1/2 the property and the rest in water? All that is shown is a block of the licence and the logo. No where is it stated by RRR on the website is in 1/2 and in water kinda of thing.

-----------Invitation to you, Noirua for us to go to Andrew Bell, Chairman, RRR
to verify the details as I quoted from RRR themselves relating to RRR's Consultant Geo re: Situ in value of the in the ground value of US$125bn.
-WE NEED TO GET THE INFO RIGHT FOR ALL RRR HOLDERS---Thanks.




J.London, 10 May 2022.

[noirua] 10/5/2022 09:53

#12333 - thanks for the IPO link 2mex - added to header under United States.

kemche - I cant see what he/she posts anymore thank goodness.

[kemche] 10/5/2022 09:50

Noirua, It's outright barmy is what it is. He's off his rocker.

34 November 1834

[noirua] 10/5/2022 09:47

All the information presently needed is in the header. Quite a lot of information posted here in recent weeks is just plain wrong or mixed up and confused.

[jlondon] 10/5/2022 00:25

"Cuprions Metals propelling Nifty re-opening as HUGE COPPER DEFICIT FORECAST."-Smallcaps, 9 mins ago, 9.5.22

"By 2030, a/c to Rystad Energy the world will be facing an ACUTE COPPER SHORTAAGE
WITH DEMAND OUTSTRIPPING supply by 6m tonnes."




------------No wonder why DRC is "poised for a COBALT-COPPER B O O M that is underway in the country." [past above from Mining Tech.com]-------------

Yeah, RRR 50.1% MUSONI Cobalt-Copper, Kolwezi , DRC : "IN-SITU VALUE US$ 1 2 5 BN
in the ground per RRR's Consultant Geo based on 83 drill assays, 750 pgs reports and historical data. Claim [litigation] : US $ 2 50m.

So, US$250m vs US$125 bn. [Litigation will take valuation reports from experts as norm]
Tiny %.

9.5.22

[jlondon] 09/5/2022 23:56

"Kinshasa is already Africa's biggest city-could cobalt make it the riches."-Mining Technology, 15.2.22

"poised to benefit from the MASSIVE COPPER COBALT B O O M underway in the country."

===International co in Dec 2021 applied for a US$350m loan to develop MUSONOI copper cobalt in the DRC whilst construction began in 2020.
There is NO WAY this int. co can START DEVELOPMENT until the licence title is
settled.===with RRR for their 50.1% of MUSONOI, DRC. Dont say they didnt know because the timing is so spot on. Zinjin has just announced they are entering the Monolo lithium project in DRC and will develop it. Hence, they took a 15% stake via a holder.

===Yes, certainly looks like b o o m times in DRC.===
So, RRR could be in with a "chance" [NO SETTLEMENT, NO MINE DEVELOPMENT, SIMPLES] relating to litigation outside Congo, DRC for US$250bn.==

Mon, 9 May 2022.

[jlondon] 09/5/2022 22:41

Migori - Edison value US$304m.
Migori exploration target 1-2moz, could turn to 3moz [Bell]
SI Capital: Sky Blue potential.
Grade: Recall 1.50g/t au which is good as 1g/t is now hard/er to find and many grades are declining.

See other forum for ref: RRR.PL ==EVIDENCE OF LINKS OR TITLE
to the quotes from Edison broker note or SI Capital note.

[2mex] 09/5/2022 22:32

January 2022

London-based gold miner Red Rock Resources has found commercially viable ore samples in its Migori project after performing new exploratory drilling in the area.

The firm said in filings at the London Stock Exchange (LSE) that it drilled 20 holes in the Migori concession. Results from nine holes indicated gold intercepts of between 0.5 and 3.75 grammes of gold per metric tonne of ore in seven holes, while two holes did not record significant intercepts.

“These first nine holes were extremely encouraging, and take us some way towards our objectives for the programme. Seven of the drill holes intercepted gold mineralisation, including five at good grades. We look forward to being able to announce the remaining results before long,” said Red Rock chairman Andrew Bell.

“The drill programme was designed to test possible extensions of the mineralised zones and to infill some possible gaps where holes might previously have been drilled too far apart to allow an assumption of continuity of mineralisation in the resource calculation.”

Earlier test drilling done in 2012 on the Mikei Gold Project had indicated the potential of a deposit of 730,000 ounces of gold, with the firm hopeful that additional drilling will raise this to between one and two million ounces.

The samples are being tested at the SGS Limited facility in Mwanza, Tanzania which is a certified and accredited laboratory for sample preparation and analysis.

[2mex] 09/5/2022 22:31

Kemche yes I already amended the Jupiter shares as sold. As they later commented "We manage our investments actively". I don't know whether they would want to sell any Elephant Oil shares or Power Metal resource shares.

[jlondon] 09/5/2022 22:16

RED ROCK ADMISSION DOCUMENT: 2005
The Chairman was Andrew Bell and Kenneth Frank Watson, MD.
Frank Watson was stated to be a mining entreprenuer and prospector.
The assets for the listing:
MT IDA -Magnetite iron ore.
MT MASON - Hematite iron ore.
2 more other Mt - all in the Pilbara, Western Australia.
---
Sharecast: "RRR: Shortly after listing in 2005, we sold iron ore assets to Jupiter in exchange for cash, shares and royalty."

"AUSTRALIAN ORE-LIGARCHS"
Only Russia has more commodity billionaires. The richest persons in Oz are:
No 1:Gina Rinehart -$30bn from Roy Hill iron ore, Pilbara, W.A., Oz [2.4bn tonnes]

No 2: Andrew Forrest -$28bn from Fortescue -iron ore, Pilbara, W.A, Oz

Clive Palmer: $18bn . Sold his iron ore deposit to Sino iron ore [Chinese]. Sino has just turned a profit of $1.3bn from their MAGNETITE iron mine. Sino iron ore magnetite deposit is 4bn tonnes.

There is another iron ore billionaire but I have not finished checking this out yet.

-------------------ALL THE RICHEST PERSONS IN OZ ARE ORE-LIGARCHS ie from IRON ORE, PILBARA, WESTERN AUSTRALIA.-----


Hematite iron ore- this is DSO [direct shipping ore]
Magnetite -needs benefication and Sino has managed to turn a profit of $1.3bn in recent days announcement from magnetite.

Magnetite is also greener and Gina has bought into Mt Bevan, NEXT DOOR to Mt Mason, Juno. The deposit at Mt Bevan consists of 2 -one is magnetite of 1.1bn tonnes.
---
RRR SOLD ROYALTY TO ANGLO-PACIFIC RE: MT IDA
At the time, Mt Ida had 550Mt tonnes.

----------TODAY, MT IDA IS 1.85BN TONNES.----[Source: Juno, Mar 2022 interims]
Mt Ida is potentially Tier 1 and set to complete the Feasibility Study.
Bell said in his interview recently with Stockbox Media that the exploration target is 2-3bn tonnes for Mt Ida.

-----------MAGNETITE IRON ORE HAS NOW "RENEWED INTEREST." {MD, Juno,Mar 2022 Interims]------


====BELL, WATSON COULD HAVE BEEN AMONG THE AUSTRALIAN BILLIONAIRES=========
with Mt Isa, Mt Mason. If they had gone on to develop the RRR LISTING ASSETS
of Mt Isa, Mt Mason and two other Mt, they would have been among the group of Gina, Forrest, Palmer. As they develop and get income, they could expand like the ORE-LIGARCHS.

RRR SHAREHOLDERS COULD HAVE BEEN RICH BEYOND ...?

------------ANDREW FORRREST MADE ME A BILLIONAIRE-------------
One chap per a Forbes article bought shares in Forrest Annaconda at 1-3 cents which went on to $9+. Fortescue is currently around the $20 range.

Annaconda failed as metallurgical couldnt be solved. I recall that Forrest used Annaconda and used it as a shell and renamed it Fortescue.

LoL, a penny stock. Fortescue is today a $63bn co [mkt cap].

-------------Stunning-----------Will lightning strike twice?
Mt Ida is now in Juno and will it be developed as the M.D said or sold?
To become a big player, one has to derive huge revenues/profit from the op and later expand with more projects etc. [Normal trajectory]

J.London, Mon, 9 May 2022.