Red Rock Resources Share Discussion Threads

[steveberyl] 07/2/2024 10:36

Looked in to add a few, Good buy volume again. Bought a handsome amount, based on, "This is leaky"

Buys are really building head of steam

[noirua] 07/2/2024 10:16

I guess those who put money up in the 0.075p placing are all out at a good profit now and sitting chirping away contentedly. As to the non-RNS no comment.

[kemche] 07/2/2024 10:03

I continue to average down along with all sane investors in the face of yet another classic treeshake before the commencement of the process to begin.

Looks like the president of DRC will convene an emergency session of parliament to personally approve the settlement. The DRC ambassador has met with Rishi and bet him £1000 that the money will be released. In the meantime please spare a thought for the poor local representative who has been on standby for 48 hours without a chance of a sit down.

GLA LTHers!

[aimdogs] 07/2/2024 09:03

Risk to reward is compelling for the next couple of weeks.
0.25p with the Congo award with a possible bounce to 0.3p.
Lenigas is a smoking gun and could set the cat amongst the pigeons.
Downside maybe 0.07p again to test the lows.
A lot of posters complaining about the RNS. I think it's an improvement to Bell posting carp on X (twitter) so a step in the right direction.
I like the odds so will be adding. Gla.

[one2go] 07/2/2024 08:56

It's rather ironic that punters are chasing PREM that has tens of $ millions of debt, defaulted on its debt repayment, production difficulties, selling a commodity that is near rock bottom in price and a market cap of £80m.

On the other hand every man and his dog is trying to discourage buyers in this minnow that sits around £3m market valuation, has a 50%/50% chance of a cash windfall of $7.5m near term.

Strange indeed.

[manual dexterity] 07/2/2024 08:45

Added a few.

[luckyabbeygale] 07/2/2024 08:44

We be over 0.13p if it was not for these lying scum of the earth derampers.

[dead duck resources] 07/2/2024 08:32

Some big 'if's there.

Agree that placings will be a priority.

[the_debt_collector] 07/2/2024 08:17

Mr Lenigas

One would hope in your role as company advisor you will be able to quell the rolling short that Red Rock has become, the stock was aggressively forward sold by every man and his dog when the last placing occurred, bashers operating across all bulletin boards are clearly part of the shenanigans.

As a man of the markets you must be aware that company brokers are part of the problem, however there are ways to catch them offside on their trades, this must be a priority.

There needs to be monetisation of projects or project level funding, Andrew Bell has failed to find JV partners to date, there are far too many projects in the stable.

If you are serious in your role you should be able to quite easily turn sentiment around here, if the DRC cash comes then happy days for all.

[luckyabbeygale] 06/2/2024 22:59

We don't need deramping. This award is more than likely won in my opinion.

[dead duck resources] 06/2/2024 22:47

Chance of award doesn't really matter if the chance of seeing any cash in DRC is nil.

More problematic still is the reservation made by the DRC that the Convention does not apply to disputes related to immovable property situated in the DRC, or rights related to such property. Commentators have observed that the reservation effectively excludes arbitral awards concerning mining rights from enforcement under the Convention in the DRC, as mining rights are characterised as immovable property under DRC law.

Foreign mining companies should not anticipate being able to enforce any arbitration awards against assets located in the DRC, and may need to rely on measures to hedge against the risk of an unenforceable award.

[noirua] 06/2/2024 22:40

Lithium appears to have bottomed out and is up a little over 2% in the last month. Just like manganese production in South Africa restocking is expected in China after the Chinese New Year.
Lithium Price Chart:

[luckyabbeygale] 06/2/2024 22:19

Around an 80 percent chance of the award and then onto taking on Glencore for 400m.

[dead duck resources] 06/2/2024 22:04

Those words were all Bell’s words. Not mine. Sorry. You got all that wrong.

Thanks, my mistake. They weren't all Bell's words though, as some of George Galloway's
were added for comedic effect. Glad to see these passed muster as Mr Bell's view of DL

[kemche] 06/2/2024 21:57

Leni, will you be participating in the forthcoming bad commentary?

[kemche] 06/2/2024 21:49

I am buying UKOG too. Never stopped actually. You were right about the Turkey gusher. As usual. Do you think you could turn RRR into another Lonrho?

[lenigas] 06/2/2024 21:46

I am buying UKOG. Yes. I own no PPP. If I did I would have to announce. You should know that.

[kemche] 06/2/2024 21:42

Lenigas - 22 Sep 2023 - 09:04:16 - 238 of 253
They are OK for money Sanderson told me.

Lenigas - 22 Sep 2023 - 07:42:20 - 161449 of 162323
I understand the release. Makes sense to me. The perf guns they used last time didn’t have enough grunt to blast though the cement into the rock with oil. So they now have the bigger guns. Great. That will do the job. On the oil oil analysis stuff - that also makes sense. There is live oil down the well. And this time the pref hind will open it up to surface. Flow rates - anyone’s guess. I just bought another 75 million more UKOG. Too cheap down here I reckon. I may be wrong.

[kemche] 06/2/2024 21:40

Leni, are you still averaging down at UKOG and Pennpetro? Have you stopped averaging down at CRCL?

[kemche] 06/2/2024 21:38

"His drive, his ability to think outside the box, his instinctive grasp of the big
picture, his mining engineering and corporate expertise, his strength, his courage,
his indefatigability"

Oh my!

[kemche] 06/2/2024 21:34

Don't tell me you have fallen out already. And there was I thinking it was a match made in heaven.

Will you be embarking on a UKOG mk2?

[lenigas] 06/2/2024 20:38

Those words were all Bell's words. Not mine. Sorry. You got all that wrong. Bell is his own man. He doesn't need the likes of me drafting his releases.