Red Rock Resources Share Discussion Threads

[kemche] 28/10/2022 15:29

The dividend income on our Jupiter holding will help.

Lemon next.

[noirua] 28/10/2022 15:27

Jupiter Mines Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended August 31, 2022, Payable on November 17, 2022
Jupiter Mines Limited announced an ordinary fully paid dividend of AUD 0.01000000 for the six months ended August 31, 2022. Ex. The date is November 2, 2022. The record Date is November 3, 2022. The payment Date is November 17, 2022.

For those still holding shares, RRR a few, the interim dividend is 5.26% at 19c a share. Most of the shares sold by RRR were at a much higher price.

[kemche] 28/10/2022 09:46

mark, It is a serious buy. Seriously.

I am expecting a much overdue podcast soon.

And an outside chance of a fundraising before the stupendous news.

[mrmark1] 28/10/2022 08:57

#RRRI'm surprised by the lack of buying at these levels. Guess traders and investors want certainty now and for the $7.5m to be announced and BF assays. The CEO has been in country for two weeks now. RNS next week by any chance? If that lands they will be chasing rainbows - buy low sell high comes to mind!

[noirua] 27/10/2022 10:10

UNDERWRITING AGREEMENT

between

ELEPHANT OIL CORP.

and

SPARTAN CAPITAL SECURITIES, LLC,

as Representative of the Several Underwriters

[valuestock] 26/10/2022 22:47

Elephant oil



from LSE board

Heard this morning Spartan Capital have started marketing and raising capital for Elephant Oil and the IPO should be next week or latest second week in November. Not sure of the IPO price but have raised a substantial amount.

[valuestock] 26/10/2022 22:44

Elephant oil

[noirua] 26/10/2022 17:48

kemche 26 Oct '22 - 11:04 - 13123 of 13127
I believe the money from DRC should be received before the next fundraising.

----

Whether amicable or not the comment is more veracious or voracious than probably meant. If not received, fundraising looks certain.

[noirua] 26/10/2022 12:46

SEC Website:
So far I can't find Elephant Oil Corporation ELEP maybe someone else can?

Mentioned here:

Westlaw Today - Offering scaled back


Justia - Invest warrant and exercise form

[captain_kurt] 26/10/2022 12:32

As many as 11 former Glencore Plc employees could be under investigation by UK prosecutors as the company prepares to be sentenced for bribery across five African countries, prosecutors said.

[mininglamp] 26/10/2022 11:44

It seems the Elephant Oil listing is moving ahead at pace, a final prospectus has been placed on the SEC (USA) website, the expected close is end October.



The bookrunner is the somewhat prestigious Spartan Capital LLC who have raised funds for the likes of Levi's and Apple, their average transaction size seems to be in excess of $50m

EO is looking to raise $10m, there is also headroom for oversubscription which must be positive.

Based on the indicative IPO pricing it values RRR's stake at a initial IRO £1.5m - £2m, but that could catapult if the after-market is strong.

RRR is currently valued at £5m

[noirua] 26/10/2022 11:22

AB as presented by Red Rock Resources PLC.

[kemche] 26/10/2022 11:04

I believe the money from DRC should be received before the next fundraising.

[kemche] 26/10/2022 10:47

I am buying seriously now.

[noirua] 26/10/2022 10:43

Gold - September 30 2022 -

[noirua] 25/10/2022 10:25

How Mediators in DRC Are Doing What the Courts Can’t
Land disputes in the Democratic Republic of Congo are common – but getting justice often isn’t. Frustrated with the court system, local people in a North Kivu village are now taking their cases to a mediation organization, hoping for quicker turnarounds and fair resolutions.

[mininglamp] 25/10/2022 10:14

I believe the pressure may be on Mr Bell personally from Red Rock's largest shareholders who seem to have been active in the method in which the company has been run over the last 18 months.

My view is the major shareholders (they own around 25%) have told Mr Bell to deliver value from the current portfolio and will not accept the previous status quo of perennial dilution, his position may be on the line.

The sheer amount of time Mr Bell has spent in the Congo (now 8 weeks, 2 visits) trying to collect the $7m-$9m owed to Red Rock underwrites this view in my considered opinion.

Let us see where this goes, there are a number of near-term catalysts that could add significant value for investors.

[mrmark1] 25/10/2022 10:11

This is a very good summary of the situation! RRR is a serious buy at these levels GL.

[noirua] 25/10/2022 10:03

VUP SA illegally sold the tenement via Gecamines to Kamoto Copper a 100% owned subsidiary of Glencore. Gecamines it has been reported via AB netted over $400 million from the sale.
Red Rock Congo received a legal judgment of $2.5 million plus compensation of $2.05 million.
The present Arbitration is between Red Rock Congo and VUP SA and probably Gecamines. The award is uncertain as Red Rock Congo has withdrawn their original agreed offer as VUP SA failed to agree with it. What it was has not been disclosed. Kamoto Copper, it has been reported by Red Rock is willing to pay - how Gecamines ended up with over $400 million is unclear.
August 2022 -

Somewhere there will be legal details of this Arbitration.

Updated 10:12

[captain_kurt] 25/10/2022 09:28

If they get the DRC Arbitration award and payment. Then the company can got for Glencore who have already admitted to fraud and corrupt practices in Africa. That law suit could be as high as $1 Billion for lost revenue

[mrmark1] 25/10/2022 07:26

market cap: £5m approx and a limited amount of stock available. Squeeze on news for Red Rock Resources

[mrmark1] 25/10/2022 07:24

So Mr Bell is still in the Congo. Can't be long now then for news on the $7.5m payment to Red Rock Resources. More cash than the current - closer to 0.6p plus significant projects! If Mr Bell announces during the day the share price will increase a lot.

[noirua] 25/10/2022 00:42

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