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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Red Rock Resources Plc | LSE:RRR | London | Ordinary Share | GB00BYWKBV38 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0475 | 0.045 | 0.05 | 0.0475 | 0.0475 | 0.05 | 31,036,492 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -2.67M | -0.0011 | -0.45 | 1.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
06/7/2022 11:27 | I am feeling fairly conservative about the Congo outcome and holding back further enthusiasm. The downbeat outcome is likely to be $7.5m (£6.25m) + costs plus a replacement tenement. Leaving Red Rock to pursue the other $4.505m from VUP S A (£3.75 million). The share price should move to 0.8p - 0.9p as my guess. More than before as matters have successfully advanced. A further guess is that the outcome will bring more than that as Gecamines obtained $250m from the sale to Kamoto giving them $230 million profit. The cash return including that from VUP S A may be nearer $20 million (£16.66m). | noirua | |
06/7/2022 10:53 | Soma increases gold production in Colombia by 73% in second quarter 5 July 2022 In this announcement do not confuse the El Bagre Mine with the El Limon Mine. However, from past information in could be that Red Rock will benefit from production royalties once it goes through the El Limon Mill later. | noirua | |
06/7/2022 09:18 | It seems Mr Bell has extended his stay in the Congo, in the recent interview he suggests it is for a reason, namely collect the money Red Rock are owed which could amount to as much as $12m. | mininglamp | |
06/7/2022 09:10 | new_scally, you are quite right in what you say and the cash-raising and substantial failures have rocked and destroyed a few financially and there can be no getting away from that. We are waiting for news from the company's discussion with their lawyers in the offices of Gecamines. There is nothing else in this marketplace and the talks have been going on for weeks. The outcome no doubt will be announced shortly. See posts ~ #12505 @ #12475 - good luck | noirua | |
06/7/2022 08:43 | If they had kept the initial 64m shares in Jupiter they would have returned on average ~ 1 million pounds per year over the last 5 years and would not have needed the 1 for 25 consolidation. Now they appear to have none of those shares and a pile of rubbish in its place. sp is less than .4 of a penny from an equiv of over 5 pounds, yet some still see this as a success story. Guess some people are born t lose their capital, plenty of examples on here over the years | new_scally | |
06/7/2022 08:13 | #ElephantOil is excited to see further exploration adjacent to its Block 1919, by #ReconAfrica in Namibia - Matt Lofgran CEO. | noirua | |
06/7/2022 08:02 | I've increased my holding in Red Rock to 5.46m shares this morning. | noirua | |
05/7/2022 11:34 | The GB£ continues its slide. | noirua | |
05/7/2022 10:07 | Huuuuge news Atino! | kemche | |
01/7/2022 22:34 | Https://youtu.be/M-2 6 March 2019 28 June 2022 - Musonoi Area 1 is 5 minutes 18 seconds in and runs until 7 minutes 16 seconds. This is now the key expected financial outcome for Red Rock's wholly owned subsidiary Red Rock Resources Congo S.A.U. ("RRRC"). The basics are that Vumilia Pendeza S.A. (VUP SA) and Bring Minerals S.A.U. ("B.Min") a partner of VUP, sold Musonoi Area 1 back to Gécamines subsidiary illegally for US$20 million. Gécamines' subsidiary flipped it for US$250 million to Kamoto Copper Company S. A. a 100% owned subsidiary of Glencore formerly known as Kavango. US$5 million has been paid to VUP SA. Red Rock has been awarded US$4.05 million by DRC courts against VUP SA which includes costs. Red Rock has been in talks with its lawyers for compensation for the illegal transaction with Gécamines for several weeks. Andrew Bell CEO talks in this podcast about hundred of millions of dollars lost by Red Rock. The outcome should/will mean a payment to Red Rock plus a compensatory asset. The Musonoi Area 1 tenement was passed to Glencore'a subsidiary Kamoto formally Kavango. VUP is suing Kamoto for the US$15 million unpaid. VUP having an agreement to sell back Musonoi Area 1 to Gecamines subsidiary. VUP's deal was to surrender the license back to Gecamines, who would then sell it on to Kamoto for $20mil and Gecamines would then pass the $20mil on to VUP It appears that CEO Andrew Bell and Red Rock's other directors moved swiftly enough to curtail what was going on. Vumilia Pendeza S A: Language Swahili Carter Institute: center-nov-2017.pdf Updated 03/07/2022 15:33 | noirua | |
01/7/2022 16:36 | "only be valued at £12m" Wow! | kemche | |
01/7/2022 15:24 | I think it is a nigh certainty that Mr Bell will come back from the Congo with some cash, the question is how much. One suspects getting a portion of the $7.5m owed from the local subsidiary of the major mining company will be easier than getting the $4.5m due from the Congo based JV partner. The above said it may be that Mr Bell will take the opportunity to deal directly with the larger entity who owe the former JV partner money as well as RRR, it may be the easiest way of getting closer to the $12m owed to Red Rock. As it stands there is no interest in Red Rock, only those following the situation seem to understand the possible upside if Mr Bell can deliver. If Mr Bell succeeds then the share price will surge, even at 1p a share RRR would only be valued at £12m | mininglamp | |
01/7/2022 14:58 | I have tentatively purchased just over 400k shares to round up the total. Increased holding a bit later to just over 4.4 million shares. | noirua | |
01/7/2022 09:34 | Being over fair the sale of Jupiter, Power Metal, and Corcel shares a while ago was the right thing to do despite the family silver now missing from the trophy cabinet, so to speak. Jupiter is now at 19.5c, Power Metal 0.8p, and Corcel at 0.575p far below the price they were sold for. Some Power Metal shares have not been sold the reason for saying 'over fair'. The GB£ continues to tank on its way to $1.15 to £1.00 - increasing the value of any dollar receipts. If AB gets US$10,000,000 then every 1% fall in the GB£ against the US$ equals an extra $100,000 or £83,000. It could go the other way though the trend is down. | noirua | |
30/6/2022 17:57 | At least Red Rock all but held their ground in a seriously bad marketplace. It does look as if the only ball game in town is the Musonoi Area 1 debacle and whether Red Rock manages a percentage interest in Musonoi area 6 or similar? No need for shareholders to panic here in any case as they are elsewhere. The market sees the terrible situation in Ukraine with President Putin having said he'd rather play ice hockey than negotiate. Russia must not lose and NATO must not lose means disaster and the market sees that. | noirua | |
30/6/2022 16:01 | Still pondering. The now three small trades are not mine. They look like top ups. | noirua | |
30/6/2022 12:49 | Go for it. | algernon2 | |
30/6/2022 12:32 | Cash for my partial sale of K92 shares has arrived from Canada in my ISA - unfortunately, C$s cant be held in an ISA. Should I punt the money into Red Rock despite the selling this morning? | noirua | |
30/6/2022 10:37 | Noirua, true dat. He has yet to fail and I don't see him starting to do so now. | kemche | |
30/6/2022 10:32 | #kemche you may be too ludical on this occasion and AB having booked a row of seats for his Prince Charles spondulix loaded suitcases. | noirua | |
29/6/2022 16:55 | "he eludes that he thinks they will get the money" To be frank money has always eluded him. What could I possibly be alluding to? | kemche | |
29/6/2022 15:41 | I think between the lines he is looking for a similar tenement for the one that was lost - stolen. The total upside is US$125 million-plus compensation which is not likely to happen. Instead, a tenement to replace the one lost plus a cash sum - as previously said by AB everything is negotiable in DRC. The sum of $4.505 million owed by VUP SA is an aside from this. Gécamines: Gecamines is a private commercial company wholly owned by the State of the Democratic Republic of Congo. | noirua | |
29/6/2022 10:25 | Listening to Mr Bell in the recent interview it was interesting to hear him say that no-one believes RRR will get the money that is rightfully theirs in the Congo (up to $12m) he eludes that he thinks they will get the money and mentions why would he be in the Congo for 5 weeks otherwise. He would look very silly indeed saying something like the above unless he was confident. No-one seems to be interested in the Red Rock proposition, it reminds me of VAST, PREM and NCCL, all trebled in price in short time out of the blue. | mininglamp |
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