Red Rock Resources Share Discussion Threads

[noirua] 24/9/2022 12:51

Live gold price back to 2015 in USD:
Live gold price back to 2015 in AUD:
Live gold price back to 2015 in GBP:

[mrmark1] 23/9/2022 12:57

Picked up 2m at placing price - thanks!

[noirua] 23/9/2022 12:53

The tree shakes today are very good indeed and maybe a few good apples have also been dislodged as well but that's how it goes. No doubt RRR directors are hoping that Power Metal comes up trumps at Molopo Farms in its present drilling campaign for principally nickel but hopefully gold as well.

[noirua] 23/9/2022 12:09

The £ later down 3.2% against the US$. Red Rock's currency gain on hoped-for sums from DRC has added £360,000 and the EOC hoped-for values have increased by £53,000.
updated 4:15pm.

[kemche] 23/9/2022 11:08

Classic treeshake to let more HNW individuals in.

[noirua] 23/9/2022 10:52

Today's budget is a gamble that should see the £ declining which is good for RRR assets if not costs paid for in weak pathetic sterling. So maybe AB and Co's gamble is no worse than that and indicates both the UK government and Red Rock's directors are on the same punting page. However, it seems some investors are finding this too rough a ride and have fallen off or over the gambit.
Panic thee not guys as even though Red Rock is short of readies there be many a dollar in that their bush getting riper and bigger by the day. Take a deep breath and hold on.

[kemche] 23/9/2022 10:24

I will increase my holdings next month.

[noirua] 23/9/2022 10:01

I've increased my holding to just under 8.77m. I've no idea if the selling will stop at this point. The gamble on EOC and the likely sum from the DRC Arbitration have continued to increase as speculators short the £ against the $. The gamble looks OK.
The situation in Ukraine much depends on China and India as they see their overseas trading with Europe and America in peril.

[noirua] 22/9/2022 16:51

We are in a 'so what' and 'couldn't care less' marketplace. So good news just fades away as if it isn't there anymore. Buying a promising tenement is slightly negative as it means costs. The mining sector may keep this up in an effort to bust companies and investors who put too much in.

The sun will rise again one day hence. In time for new investors to pile their money in for the next 'Hope and glory' episode. That might start tomorrow or up to 5 years hence.

[kemche] 22/9/2022 16:39

A$20,000

This is easily worth £400m to RRR.

Whoosh!

[captain_kurt] 22/9/2022 16:21

RNS out. New gold mine purchase.

[noirua] 22/9/2022 15:04

Fortunately, The Bank of England chickened out on raising interest rates to 3%. So after a small rise, the downward trend should continue to $1.10 - thank goodness. Fortunately again, Liz Truss and Co have given tax promises and spending loads of cash that might even send the £ back to par with the dollar. Mostly if not all to Red Rock's advantage even though its skipper is often seen waffling at the wheel.

[kemche] 22/9/2022 13:43

Agreed mark. My thoughts precisely.

[mrmark1] 22/9/2022 13:40

Exactly my thoughts and why I'm buying. There is only stock available from prior to the raise and which people could have sold at 0.55. I believe RRR will get the $10m from the DRC and the market will open it a lot higher....also Elephant Oil listing can't be that far away

[kemche] 22/9/2022 12:47

My estimates are that he is burning through at a rate of £200k per month and running on empty. The ranks of HNWs grow ever thinner.

[kemche] 22/9/2022 12:42

Agreed sclpr.
Or you could wait for next month's fundraising - if the rare circumstance happens to present itself. At the the moment it's a 4 weekly occurrence so it is pretty much nailed on.

[sclper] 22/9/2022 12:37

It's not a normal placing where market makers get an allocation of stock at the placing price to sell into the market.All the shares have been bought by a single individual so I don't know why some people are willing to sell close to the placing price.It looks like a good opportunity to buy if you believe in the company's projects

[mrmark1] 22/9/2022 12:12

Don't disagree but like the 0.4-0.45 level - I'm a buyer into the sellers GL

[kemche] 22/9/2022 12:01

How many HNW have been turned into LNW individuals after "investing" in RRR? There must be a legion of them by now.

[kemche] 22/9/2022 11:59

Target, History has proven that they invariably are. But the dim-witted are persuaded.

[on target] 22/9/2022 11:48

Just the latest in a long line of 'HNW' taking private placings here, including at 0.6p a short time ago. HNW can be mugs too.

[kemche] 22/9/2022 11:37

Agreed mark1. I continue to average down.
Welcome to the party.

GLA LTHers!

[mrmark1] 22/9/2022 11:31

This broker raised over £1m at 1.05p and so not new - just newly appointed as a joint broker - it's surly a good time to buy close to a capital raise that was taken by a HNW - that's not punt money and 0.4-0.5 seems a good level to buy, GL