Red Rock Resources Share Discussion Threads

[jlondon] 13/5/2022 14:11

------------JUNO ON ASX RE: MT IDA, RNS/ANN 28 Apr 2022-------------

Last night I checked the major shareholders of Juno. I found that 2 individuals own some 10% region [+] of Juno each.

Down the line was also a fund and the names also appear to concur with the 2 individuals?

What led me to look at who were the major shareholders was that some 60%+ of Juno shares are NOT in public hands which is quite high.

The mkt cap of Juno hovers around A$15-17 million and one can see how UNDER-VALUED the stock is in relation to the 2 assets ie Mt Ida and Mt Mason, the latter ready for an Final Investment decision and Mt Ida with 70% of the DFS ready already BUT AT A COST OF $50M.

The mkt cap itself is nearly 1/2 that of the MT IDA DFS which is only 70% completed. This appears rather strange and hence the under-valuation perception in that the Mt IDA DFS cost alone is MORE THAN JUNO's mkt cap as said above.

If one goes to Hotcopper Juno, NO ONE IS POSTING NEWS OR ANYTHING TO DO WITH THE CO so KNOWLEDGE IS POWER as they say.

That is why I am researching for myself every asset/s RRR owns or JV etc in order to form a clearer picture for each one to DECIDE for themselves.

NOIRUA
I can see his post of today, 13.5.22 when I check in and he/she is saying RRR only has 2 lots of shares RRR can sell ie £430,000 [kindly check as this is only from recall]. These shares relate to POW AND JUNO. I have not check these figures and the date of mark-to-market.

Noirua does NOT post that the "MONEY BACK FROM CONGO" [verbatim from Andrew Bell, Chairman of RRR said via an interview with Proactive [irons in the fire] after RRR's Interim results RNS, also of 29 Apr 2022 relating to $5m + $15m [50.1% to RRR] of which Mr Bell will go to Congo to resolve?
The RRR Interim RNS, 29.4.22 updates on Congo.

Hence, it is important to post ALL THE FACTS rather than SOME OF THE FACTS?

When I researched RRR, it took me back to 1 page from ADVFN RRR of 2019 and I see Noirua is talking of RRR in more glowing terms or that is my perception so much so
another pillar [name I wont mention] calls him/her a roomper.

I see this pillar can in fact ARTICULATE in proper speak then rather than the new style?

Noirua now says that he/she looks to another co for COMPETENCY ETC.
I wont name the co but one can look at his/her post. I hate to remind Noirua that as YET NO MAJOR DISCOVERY HAS BEEN FOUND and hence, they are still early exploration assets of which there is no JORC. Always look at a co's BALANCE SHEET to see ASSETS $$$ rather than just competency etc?
One as norm needs HARD ASSETS and preferably with JORC.

RRR's Mousoni, Kenya Gold at Migori and Mt Ida [see Zak Mir's interview in my post above] are more mature assets- so much so, Mousoni was said to have been flipped per Mr Bell's said interview of 29.4.22.

Let the OFFICIAL RECORDS ALSO RECORD THAT 2MEX AND MYSELF showed links to
Mr Bell's US$250m "fit for" mention relating to LITIGATION OUTSIDE CONGO for Musoni. 2Mex took the RRR INTERIM RESULTS OF 29.4.22 AND POSTED THE PRINT OUT RELATING TO CONGO AND ALSO THE VERBATIM TRANSLATED RELATING TO CONGO AND THE $250M
which was from Mr Bell himself.

Noirua posted on ADVFN warning newbies to call the RRR relating to the $250m
saying it is "lies" etc and the sentence looks like the FSA warning about
"misleading" info. It is recorded that AFTER BEING SHOWN THE EVIDENCE from RRR's RNS OF INTERIM RESULTS DATED 29 APR 2022 AND MR BELL'S FOLLOW UP INTERVIEW, Noirua has not apologised?

I think both 2Mex and myself recognised [or myself at least] that such assertions from Noirua had to be answered in full in PREP OF GOING TO THE FSA given the wording of Noirua.

-I would think Noirua should READ RRR RNS' S AND LISTEN TO THE INTERVIEWS FROM MR BELL, CHAIRMAN OF RRR BEFORE MAKING ASSERTIONS prior to making assertions?.-

The share price is NOT GOING ANYWAY and in a rule of law, it is always advisable everyone has INFORMATION rather than being in the dark.

INFO IS LEFT TO EVERYONE TO DECIDE FOR THEMSELVES.

I also read that the BIG SHAREHOLDERS DONT WANT A PLACING and from what I can see, I have checked quickly but have not gone into detail of the last placing but I saw one done last year in Feb 2021. I have to CHECK if there were any more after that.

I cannot provide warranty as to how the funding is going forward and given there are hardly any TRADES in RRR shares today, then it would suggest to me that
no one is interested in RRR or they are waiting to see. like other stocks, how
RRR is going forward.


DYOR. Do due diligence and check.

J.London, Fri, 13 May 2022.
Posting for completeness. Not editing. Caveat: As it appears. I have not gone thro everything given I am not a legacy shareholder of RRR.

[jlondon] 13/5/2022 14:11

Sorry-not sure why post came out twice?

[noirua] 13/5/2022 12:48

These at present look the only quoted holdings of Red Rock that can be sold.
The Company holds 25,000,000 shares (2.18%) in Power Metal Resources Plc and Juno Minerals Limited shareholding at 1,216,108 shares.
Present value is £430,000.

[jlondon] 13/5/2022 11:46

RRR share price 0.4p to sell and 0.45p/0.5p to buy [advertised].

Live price quote:
0.401p to buy [same as yesterday]

0.4235p to buy [yesterday 0.4237p to buy]

So, live quote the same as it has been for DAYS since I started research on RRR.

--------------NO TRADES TODAY when I looked at London South East RRR forum
earlier today.------NO ONE LOST MONEY BUYING on any research info starting period including myself except for SPREAD as norm.----

Fri, 13 May 2022.

[jlondon] 12/5/2022 16:07

RRR share price: 0.4p to sell and 0.45p to buy [advertised].

Dummy live quote to sell 0.401p and to buy 0.4237p.

Thur, 12 May 2022 @4:07pm.

Has been the SAME for days at this live price.

[jlondon] 12/5/2022 16:07

ANDREW BELL INTERVIEW
10.12.20
[Audioboom with Zak Mir]

"In discussions with a MAJOR GLOBAL producer for 1 of its Congolese assets-Musonoi?"

Zak: Small cap, 3 assets, £5m mkt cap? [Australia, Kenya, Congo]
Bell: Share price is wrong or assets is wrong. He thinks share price

Bell: "Conversation with a GLOBAL MAJOR -active."

Bell: Jupiter spin out of iron ore, Royalty.

--Interesting that RRR was having a convo with a global major so Stirling Bridge thinks its Musonoi since that is logical.

Maybe, some one can shed some light on the timing as Musonoi then got
sold by the JV partners w/o RRR's knowledge [or that is what I understand]?

For ref, it is NOT only me that can see ASSETS [3] per Zak and £5m mkt cap?

J.London Thur, 12 May 2022.

[noirua] 12/5/2022 09:32

Under pressure the sector today so the share price looks to slip back to the 0.35p - 0.40p range again very shortly. AB is most likely in DRC supping and eating dates near a Landolphia owariensis.

[noirua] 12/5/2022 09:27

In the present market place few explorer's shares are holding ground. RRR's position appears mainly to be seeking the cash for Musonoi Area 1. The only other pony running is the IPO of Elephant Oil that is crawling to a market quote on NASDAQ. Gold shares are in the doldrums though you did not need to be told that.

[alannlane] 12/5/2022 00:42

Well done jlondon...a new forward-looking and optimistic thread was badly needed.
RRR has a great portfolio. Carefully put together by the very canny and experienced AB. who readily acknowledges that he now has a point to prove with regards to his stewardship of RRR.

[jlondon] 12/5/2022 00:08

I have started a new thread on RRR.
I have posted 3 bits of info, the last being what I just found ie
Jinchuan has issued an RNS to the HK Stock Exchange dated 10 May 2022 relating to their oxide test and lab assay results from Musonoi and update on the construction etc. [To check, just type Jinchuan Musonoi and it will come up on the third line.]

So, this is just from yesterday which is quite stunning.

Have a look. Will post on my own thread just on the news.

J.London, Wed, 11 May 2022
Best this way - my own thread to post latest news etc.
No need for to and fro.
With thanks.

[jlondon] 12/5/2022 00:04

-----------JINCHUAN ANNOUNCEMENT/RNS, 10 MAY 2022 TO HK STOCK EXCHANGE------------

"Jinchuna International's MUSONOI project progresses smoothly. Oxide ore extraction TRIAL makes major achievement. As at 31 Dec 2021, it contained mineral resource of 606,000 tonnes of copper and 174,000 tonnes of cobalt respectively.

CONSTRUCTION has progressed smoothly since the start of construction of Musonoi.
Successfully extracted 3,455 tonnes of oxide from Musonoi and lab assays results sample contained approximately 2% cobalt.

Mkt demand for copper cobalt has been growing."

"M U S O N O I - S U P E R LARGE SCALE COPPER COBALT MINE."

Ref: RRR Musonoi, Congo, DRC copper -cobalt project [50.1% JV]

My Comment:
2% cobalt!!!
------------CAN SOMEONE PLEASE LET MR BELL, CHAIRMAN, RRR
KNOW ABOUT THIS RNS FROM JINCHUAN ABOUT MUSONOI and the progress. Thanks-------------

[jlondon] 11/5/2022 23:42

"M U S O N O I Copper -Cobalt, Congo, DRC"

"Declared mineral resource:

3 1. 7 million tonnes at 2.8% cu copper and 0.9 % cobalt.

Defined to a depth of 600m below surface.
Ore body OPEN to approx. 1,000m below surface.

BANKABLE FEASIBILITY STUDY COMPLETED IN 2013."

hxxps://www.metorexgroup.com/businesses/project/musonoi-project

[This is from Jinchuan]
From other place: Jinchuan now owns 75% of Musonoi and Germines 25% [state mining co]

Relevance: RRR has 50.1% JV in Musonoi now subject to settlement.

[jlondon] 11/5/2022 23:33

"China's JINCHUAN expands NCM precursor capacity."-Angus Media, 14 July 2021

https;//www.angusmedia.com/en/news/2234031-chinas-jinchuan-expands-ncm-precursor-capacity

"M U S O N I is under construction & expected to enter PRODUCTION in 2023..."

"The start-up of the Musonoi project will boost Jinchuan's feedstock self-sufficiency."

----------------M U S O N O I copper-cobalt, CONGO, DRC-------------

Ref: RRR's Interim RNS, 29 Apr 2022 relating to Musonoi [50.1% JV]
Ref: Andrew Bell, Chairman, RRR's interview with Proactive Investors, 29.4.22
2mex on ADVFN last night provided a transcript verbatim from the said interview relating to RRR's Musonoi.

[jlondon] 11/5/2022 23:27

Keeping up with latest news on RRR investees, projects starting May 2022.
DYOR. Kindly check.

[alannlane] 11/5/2022 18:42

jlondon is an asset but kemche? :)

[algernon2] 11/5/2022 16:42

Excellent work Kemche and JLondon, you are now considered both to be Official assets of this BB.
An RNS out at Pow for those of us in there also.

[kemche] 11/5/2022 15:21

"Same things. On ADVFN UKOG some days ago, I saw Kemche being so effusive about UKOG or that was my perception of what you posted ie about riding on carpets-appears you were over the moon over UKOG? So, are you also not leading others to think its carpet riding time at UKOG? I dont know so just asking?"

I hold my hands up - it's a fair cop!

I am as much a fan of UKOG as I am of RRR, CRCL, SYME, VRS, CHLL amongst others.

My secret is blown by the deeeeep research of jlondon 43rd November 1943

[jlondon] 11/5/2022 12:37

kemche 11 May 2022 #12389

FOR THE AVOIDANCE OF DOUBT
Investors from GKP rang the FSA and that answer was posted on the forum.
So, I am repeating what was said. However, you can check by ringing the FSA.
I think you are missing the point. If x rings the FSA about a stock,they want to check the broker note and they can take it from there. Pi's dont have that licence do they. Look at the Baconora Lithium takeover? The pi's took the NPV of Ventana [Baconora] plus what was licences of which NPV was done by Lenigas and then quoted that the share was worth £5. I saw it on the Daily Telegraph. So, no wonder why the FSA will ask for the broker report to see what it says before they look into anything as the brokers are licenced and qualified but private investors do BACK-OF ENVELOPE calculations.

RRR came to market [IPO] according to the listing documents in 2005. So, it is now 17 years since inception on the London Stock Exchange AIM>

You quoted: "Fleeced over the 17 years" ?
Surely, you cant have been here for 17 years?
Maybe, you may have been here for 17 years so that means that during the period of First Equity's BROKER NOTE stating that RRR went from 1p to 20p [Jupiter time], you
didnt GET RICH like Paul Johnson? Another poster in recent times on RRR informed us on this forum that Paul Johnson made his "fortune" of some £750k to £1m.
Paul himself said he had very little capital in a recent Stockbox Media interview.
From recall, he said he had £7,500 as capital only some time back?
Paul then went on to re-structure co's like METAL TIGER and GGP and look how successful they have been.

WHAT ABOUT ANDREW BELL AT GREATLAND GOLD AS CHAIRMAN [Paul Johnson, CEO] who did the placing at some 0.10p and Greatland Gold went to 40p in recent times, all a few short years since the drilling of Havieron, now JV with Newcrest.

WHO CAN ONE BLAME OR WHAT WENT WRONG? [General Question for all stocks]
If indeed it is true, you were here for 17 years and not just speaking in general, then WHAT HAPPENED? I am sure many made huge profits at RRR for the share price to go from 1p to 20p.

NO ONE IS "R" ANYONE IN.
LETS GET THAT CLEAR FOR THE AVOIDANCE OF DOUBT. WE ARE DOING SOME RESEARCH ON WHERE THE ASSETS OF RRR ARE AT.

Isnt the header on this forum at the top DOING THE SAME except it has NOT BEEN updated for say Mt Ida and still quoting 1.23bt tonnes but the latest Juno interims of Mar 2022 state 1.85bn tonnes, a BIG DIFFERENCE.

KEMCHE- With the greatest of respect, I think you are not correct in your assertions and for balance I have provided the answer.

The other day, I looked at ADVFN U K O G plc?
Dont they say the same things [kinda of] for UKOG plc as well. Look at the other UKOG forum. Same things. On ADVFN UKOG some days ago, I saw Kemche being so effusive about UKOG or that was my perception of what you posted ie about riding on carpets-appears you were over the moon over UKOG? So, are you also not leading others to think its carpet riding time at UKOG? I dont know so just asking?

WHY KEMCHE ? All of us are fellow INVESTORS and A community. Why the ....?


Hope you can enlighten us?

I think the convo will never end. Lets leave it at that but I have provided my balanced view.

YOU DO NOT TAKE NOTE THAT NOIRUA HAS TYPED UP A LONG HEADER AT THE TOP PAGE WITH OLD RESEARCH NOTES BECAUSE THERE HAVE BEEN A LOT OF UPDATES NOT PUT UP, HENCE I AM MERELY POSTING THE UPDATES WHERE APPLICABLE. WHY TAKE EXCEPTION only to me?

Answers on a postcard.
J.London, 11 May 2022.

FOR DISCLOSURE: The RRR that I purchased [not a lot] since my research have NOT f a l l e n or risen. Why? The MM's via live price are keeping it at some 0.41p area to sell and 0.42p area to buy although it changes to say 0.43p to buy at different times and 0.42+p to buy and then it goes back to mean again. SO, NO ONE IS LOSING 1 PENNY INCLUDING ME.
The shares of RRR are what they call MARKING TIME until NEWS of any
substantive nature as norm. Chart wise, it is MOVING SIDEWAY ie not up, not down in any meaningful way.

However, due to the spread, there is a difference plus the broker 's commission.

EVIDENCE IS THERE ON THE CHARTS and on the London Stock Exchange AIM site ----all historical can be CHECKED BACK over the last days since RRR's Interims of 29.4.22 and Andrew Bell, Chairman, RRR's follow up interview with Proactive.

Why the long discourse? Its your to and fro. You have your say and we investors have ours. No need to take exception to us new investors, surely?

============NO LOSS TO ANYONE OVER THIS SHORT PERIOD
when research started to update on what is the current status of RRR's assets/exploration.======[see above]====


P.S. One poster has just posted what I posted from Bloomberg about the Chinese "TEAM UP FOR LITHIUM RUSH" onto the PREM other forum and no one OBJECTS as everyone wants news about ZIMBABWE LITHIUM.
So, why the objection/s here about news info?

[kemche] 11/5/2022 12:06

"If one rings the FSA, they will ask what did the broker report say?" FFS!

"EVERY SINGLE ASSET must be brought UP-TO-DATE eg broker valuation preferably by more than 1." Up the dosage man.

"Whether it is GE, LLOYS, SHELL ETC, it is the same TECHNIQUE to be applied.
Those who do it as a profession at whether Goldman, B of A, Morgan etc are
sizing up income, liabilities, growth, P/E, EPS etc. ------More figures to dissect as it is based on INCOME dissection rather than ASSETS ONLY for co's like RRR."

WTAF????

You are trying to rope in others dimmer than yourself and apart from alanlane you will find that the others have already been fleeced over the 17 years and have therefore learned what the game is.

All the billions guff has been flogged to death by people faaaaar cleverer that yourself.

[jlondon] 11/5/2022 12:03

Found it.

OILPLAYER2009
latest tweet dated 9 May 2022:

"RRR [0.45p] pursuing $12m [£10m] in cash from partners in the Congo immenently.
One is linked to govt $7.5m sitting in the bank to be distributed.

Float of Elephant Oil on Nasdaq- RRR are a major shareholder, expect >£2m.

Potential incoming £12m.

Mkt Cap £5m.

Cheap."



Oilplayer2009's timeline on Twitter: "RESEARCH IS KEY TO SUCCESS.
REMEMBER THE MARKET IS A FORWARD INDICATOR."


Note: I cannot take any responsibility for Oilplayer2009's tweet as above.
This is his own view but I am posting to show that kemche took an OLD post from Oilplayer2009 but he HAS CHANGED HIS MIND LoL.

My view: Let RRR prove whether the Congo matter can be settled as the 1st execution event and thereafter time will tell as norm for all stocks. J.London, Wed, 11 May 2022.

[jlondon] 11/5/2022 11:51

ADVFN post #12380 dated 11 May 2022.

He stated Andrew Bell was C H A I R M A N of Greatland Gold.

Both Paul Johnson and Andrew Bell went into GGP after the Ernest Giles failure to restructure the co. I recall that Paul Johnson bought at the placing at around the 0.10p mark.

Look at where that has gone ie 0.10p to 4Op.
============

KEMCHE's screen shot from Oilplayer.
Mr Bell on RRR has posted 2 tweets in reply to Oilplayer2009 with the statistics to show that Oil player 's stats is ??

OIL PLAYER IN MORE RECENT DAYS RECOMMENDED TO BUY RRR!!!

I will recheck later but everyone can check.

That's all.

[greenpastures2] 11/5/2022 11:48

I think just leave them to it kemche. You never know we might be proved wrong. I don't spend much time analysing Red Rock any more but I will be surprised if any thing of substance materialises. I gave up after attending the 2018 AGM I think it was.

[jlondon] 11/5/2022 11:45

#12380

RED ROCK RESOURCES[RRR] - 11 May 2022

RRR has just issued an INTERIMS results RNS dated 29 Apr 2022 & followed up with
an interview by Andrew Bell, Chairman to update further on their interims.

==ASSETS ON THE BALANCE SHEET @Interims, 29 Apr 2022==
There are 2 figures shown for ASSETS/Exploration at some £ 1 3 Million and I recall another sub at £17m. I will check later again.

There is NO breakdown of the assets as norm. However, Mr Bell said in passing in one of the recent interview [Stockbox Media or Proactive] that the CONGO asset is on the books for £590,000 range. So, it has already been written down as required & norm. I take this to mean Musonoi, DRC which is the subject of much interest. So, if there is the settlement of $5m + $15m [USD & 50.1% to RRR] , it would be
SUBSTANTIVE give RRR market cap is now £5m @0.4p. The RRR share price is NOT moving and has been for days now at the same price live to buy/sell.

------------ALL A S S E T S HAVE V A L U E -------------
Share price: A lot has also to do with sentiment, news flow etc, commodity cycles,
and country news flow of the particular asset.

[1]BOOK VALUE IN THE BALANCE SHEET
Example already given as above. The Amur Minerals RNS spelt this DISTINCT clearly ie Kun Marie nickel deposit were on the books at some $24m+ but sold for US$105m.

[2]OFFER PRICE
Offer price say of the Kun Marie deposit [6.5.22] is reflective that nickel is a battery metal in demand and the offer price was in a range done by an INDEPENDENT VALUATION REPORT based on what is required by the regulators as "FAIR PRICE"
taking into account what other SIMILAR DEALS WENT FOR [MERGERS & ACQUISITIONS].

[3]WHY THE UNDER-VALUATION BY SHAREHOLDERS?
If one visits the forums, there is endless chatter of the CEO and 101 reasons
about the nickel negatives etc. Obviously, someone BOUGHT IT FOR US$105M and
they intend at some stage to DEVELOP IT or sell it on. SO, THE TECHNICAL SCOPING STUDY etc is well understood by COMMERCIAL buyers ----------rather than
concentrating on the CEO and ===NOT the ASSET.===

[4] WHY THE UNDER-PERFORMANCE OF THE SHARE PRICE
As said because in the end, when the COMMODITY CYCLE TURNED OR TURNING POINT,
V A L U E OUTED.

[5] WHY MUST RESEARCH BE DONE?
Co's like RRR have a suite of ASSETS at book value. Back of the envelope calculations are no good given that they are not done properly to reflect what
M & A would assign to it. So, the authority of the licenced [FSA] broker 's VALUE placed can be of interest. If one rings the FSA, they will ask what did the broker report say?

EVERY SINGLE ASSET must be brought UP-TO-DATE eg broker valuation preferably by more than 1. If one likes, one can take the lower estimate to have a margin of safety.

STOCK MARKET GAME
This is what it is about. In other exploration plays, they are PURE SPECULATION.
IF the drilling does NOT come up with a major deposit, then, its zilch.
Often, unless a deposit is within a Tier 1 or soft Tier 1 bordering on Tier 2, it is hard to ATTRACT major players to buy or get capex during periods of capital markets CLOSED.

ANDREW BELL
The projects quoted by post #12380, 11 May 2022 are of the DISTANT past of which NONE of us were here. Today, is 11 May 2022 and ON THE BOOKS [Balance Sheet and 29.4.22 Interims, it is stated to be £13m]. This is of interest ie
A S S E T S.

Any CEO is hampered by the cycle, prices and interest. Any examples? Yes, Solgold had been in the Solomon Islands and that project did NOT take off so the share price collapsed. How many other projects they had, I dont know. At that point, they found a new project at Cascabel [JV to a max of 85%]. Well, history shows they hit
a potential Tier 1 and a/c the MKT CAP is £500m+ and at one stage £800m region.
From the time of raising capital to start at Cascabel at 1.5p/2p [£8m mkt cap], the
share price went up to 44p. A/c, BHP and Newcrest bought stakes in Solgold.

Same story for Greatland Gold, again, 1.3p to 40p. Again, failed exploration at Ernest Giles prior to Havieron success and again, a potential Tier 1 find.
Again, Newcrest is the JV partner.

--------------------These are exploration plays and risk high.--------------


RRR ===ASSETS====
RRR carries NO 100% EXPLORATION RISK at this time AT:

[1] MUSONOI COBALT-COPPER, DRC [50.1%]
A/c to Mr Bell, it was "flipped for US$250m" and sold for US$20m [$5m+$20m] by the JV.

[2] Mt Ida Royalty, Western Australia iron ore.
Once in production etc [see details of that agreement], it could bring in US$11m a year.
A/c to the Juno MD, Mr Durack he cited 1.85bn tonnes @Interims,Mar 2022.
hxxps://hotcopper.com.au/asx/juno/

Again, a potential tier 1. Mt Ida and Mt Mason [plus 2 others] were in the ORIGINAL ADMISSION DOCUMENT for RRR.

[3] Kenya-Migori
As and when the gold price is at US$2,000 or more, then M & A or JV's could hot up.
I cited Edison and SI Capital on this so wont repeat.
RRR is looking for a JV partner. Chinese were interested and were going to travel to Migori re: JV or sale but Covid prevent them a/c to RRR's info. So, kindly check.

[4] POW shares [25m]
JUNO shares 1.4m
Elephant IPO shares
Ballarat Gold IPO [JV]-this has been delayed as I understand due to interest in Victoria gold.

[5] Zimbabwe Lithium
RRR got a good licence at Arcturus which is the area Acadia were in [Acadia was sold to Huayou for US$422m recently] and Bikita.
American high net worth investors bought into RRR's subsidiary at 10% for US$100k.

[6] The rest I have not got up to speed yet but it would have been easier if I could get a breakdown of the £13m assets and then it can be either IMPAIRED, REVALUED as is norm for self only. This was my own mission and it is
something everyone should do relating to ANY CO ONE IS INVESTED IN.

-------------YES, EVERYTHING NEEDS TO BE CUT DOWN TO $$$ AND WHAT IT
COULD FETCH ON THE OPEN MARKET AT FAIR VALUE.---------------

Whether it is GE, LLOYS, SHELL ETC, it is the same TECHNIQUE to be applied.
Those who do it as a profession at whether Goldman, B of A, Morgan etc are
sizing up income, liabilities, growth, P/E, EPS etc. ------More figures to dissect as it is based on INCOME dissection rather than ASSETS ONLY for co's like RRR.

RRR - EXECUTION RISK, the assets are from legacy days.
CLON- Lots of interest but exploration risk - 0 or near 0 TECHNICALLY if they dont hit gas.

There is NO interest in RRR as there are only 3 trades and NO ONE need to invest at all until they see what they are looking for. DYOR/Do due diligence.

Every co has to be dissected and that was what I was trying to do for self and shared what I found.

So, at a time no one is interested, no one can say its tis or dat as its free to discuss amongst ourself whether one is invested or not.

I go thru many co's and if there is any change, I accordingly re-calibrate.
Hard as the minute a major change, $$$ has to be re-calculated.

No one can afford to sit on any investment.

Hope that explains RRR or any other stock. Only invest what can afford to lose is the motto for ALL stocks. Look at the FANG stocks and the tumble in recent times due to the downturn of the market.

11.5.22 Not editing as rushing off for lunch.

[alannlane] 11/5/2022 11:44

Plague...bring out yer dead, bring out yer dead whoosh!!!!