Red Rock Resources Share Discussion Threads

[noirua] 15/11/2022 09:43

Gold price rallies as crypto collapses
14 November 2022
www.australianresourcesandinvestment.com.au/2022/11/14/gold-price-rallies-as-crypto-collapses/

After months of gradual regression, the gold price regained $US85 last week amid signs of cooling US inflation.
According to the World Gold Council (WGC), spot gold was trading at $US1759 (A$2624) per ounce (oz) on November 11, which is markedly higher than the $US1674 (A$2497)/oz price on November 4.

[noirua] 14/11/2022 16:09

Maybe AB will semi-retire after all this ends and retain a state of immanency instead of imminency in his future efforts.

[kemche] 14/11/2022 13:42

When will the imminency end?

[noirua] 14/11/2022 11:02

Always interesting to see information and shareholders in this robot-controlled instructive service:

[noirua] 12/11/2022 11:25

In the next 12 weeks, matters will be interesting as the Annual Results are due out and the Annual General Meeting is due to take place. At this time financing will become a burdening question as shares in EOC will probably not be allowed to be sold for 180 days after the flotation. Selling Power Metal shares would be awkward with the assay results awaited at Molopo Farms.

The Arbitration in DRC can not be discussed save for hopes of when a decision might be announced and further on as to whether an Appeal is allowed. So finalisation may not be reached this year.

The market is in a push-pull situation with Red Rock in regard to share trading and this may well continue. Some are losing faith and face due to Red Rock's ability or lack of it to finalise what are major events for the company. On the other hand, an equal number feel this is Red Rock's day at last.

[noirua] 11/11/2022 13:26

FTX doesn't operate in the United States except in a different limited form FTX.US due to Laws put in place. As the states quotes by far the majority of mining companies the effects will be zero.

A shame as FTX is registered in the Bahamas and AB could holiday there from time to time.

[kemche] 11/11/2022 11:27

"Collapse in FTX is great news for junior exploration"

Yes.

And the withdrawal from Kherson too.

[algernon2] 11/11/2022 10:58

From Ben Turneys Twitter:

"Collapse in FTX is great news for junior exploration

We’re about the last sector standing for speculative money that can offer viable blue sky potential

This week’s surge in metal prices underlines the fundamental buy case

Only a matter of time…"

[mrmark1] 11/11/2022 10:32

Sorry that was a laughing face which turned into a question mark. https://www.businessdailyafrica.com/bd/economy/explorer-finds-three-more-gold-fields-in-western-kenya-4013274

[kemche] 11/11/2022 10:19

"Kenya golf resource"

That's the only thing it is good for.

[algernon2] 11/11/2022 09:42

Thanks mrmark1.

[mrmark1] 11/11/2022 07:12

Always depends on what price you buy at. If you bought a week ago at 0.38 you would have a nice steak dinner as you could have sold at 0.42 this week.If you bought POW at 3-4p you'd be sitting on serious losses....Molopo is a hit or miss event. Balance sheet nice with IPO stock they are locked in (Inc huge stock in KAV they may sell)If you bought KAV at 5-6p you'd also be sitting on serious losses....far bigger than RRR at recent peaks.Ben stated there were shorts and he had evidence when he raised at 3p. Now he's undertaken huge dilution at 1.8p...willNeed a discovery that's not happened in many KAV years for it to rise. Just imagine the amount of stock flipping for warrants in KAV now.RRR on the other hand have non dilutive £7m coming (hopefully lol), $2m from Elephant Oil (definitely).Very good assets in the DRC which the Chinese and other major have high demand for...Kenya golf resource, Australia with your POW 50/50...and other potential discoveries in BK and IC.

[captain_kurt] 10/11/2022 21:29

2.2m buy reported late

[algernon2] 10/11/2022 20:36

Cryptocurrency not having a good day. Good for Gold as a safe(r) haven?

[algernon2] 10/11/2022 19:45

It is all imminent. I await eagerly. I have faith that eventually Paul Johnson (POW)and Ben Turney (KAV)will make me rich. I also believe there is a small chance Andrew Bell(RRR) may make me enough for a really good steak dinner if we are lucky.

[kemche] 10/11/2022 18:13

Very likely.

[noirua] 10/11/2022 17:41

Another jump in the gold price following news from the states. This does at least start to make IPOs of gold holdings more likely.

[kemche] 10/11/2022 16:00

RRR will be rich!

[mrmark1] 10/11/2022 14:41

Is that $4.65 IPO listing price?397,873 x $4.65 = $US 1,850,109.45 on IPO if correct to RRR

[noirua] 10/11/2022 12:57

Elephant Oil Corp. Initial Offering (FormS) (Amended)
Accepted: November 3, 2022 at 9:02 PM GMT
Form Type: S-1/A
Accession Number: 0001213900-22-069043

[failedqs] 09/11/2022 19:13

Mrmark - where did you find the info re EO float ?I've been looking for info re the IPO datefor ages, the company is not good with communication. (I'm a shareholder)

[mrmark1] 09/11/2022 18:53

'Online banking' was his term in the StockBox interview a few weeks ago lol...I'm hearing EO listing should be Monday now. GL all