Red Rock Resources Share Discussion Threads

[kemche] 08/2/2024 09:59

Having placed a conservative 2.8p target on RRR the same broker has decided to sell down its client's holding. Mr Black will be fuming!

[kemche] 08/2/2024 09:58

Excellent post tdc. The standby continues. 1.5 billion is the number.

I continue to average down. NT only.

[noirua] 08/2/2024 09:55

the-debt-collector - I've been following RRR for 7 years now and kemche is the only one remaining who's seen the history long before that. It is that history that tells the story of what is going on at Red Rock.
I've been very lucky investing here but was once over £30k down before a bounce from 0.19p to 1.25p bailed me out. Others have not had the good fortune over the years as I have. ASX:WC8 in Aus is another that came right but many on AIM have been financially destroyed.

[steveberyl] 08/2/2024 09:54

tdc, Good post and forecast.

[the_debt_collector] 08/2/2024 09:22

Negotiated trades on the buy side currently indicates the share price is about to turn positive.

What is going on at Red Rock, is another RNS in the pipeline ??

The HE1 action has taken a lot of liquidity away from others, when that bubble bursts a lot of cash profits will be looking for a new home.

[one2go] 08/2/2024 08:46

The bashers are clueless, in respect of William Black and First Equity it was Aunt Ettie (Andrew Bell) who stated FE were trading on Black's behalf on this very thread.

Fancy names for balance sheet liability be-it prepayment or debt, fact is PREM cannot repay it and are in default, if the muppets wish to chase the stock higher that is their decision, the higher it rises the harder it will fall when the bad news comes.

George Roach is a master of dressing bad things into good, bring on the next PREM placing I say.

[noirua] 08/2/2024 08:41

kemche, it might even beat the share in the other place much like Red Rock and certainly race past ASX:WC8 rising from 2c to 91c in under 8 months whilst on its way across the oceans to Knotty Ash.

[kemche] 08/2/2024 08:24

Its 2.8p target is deliberately conservative and understated. That price would put RRR at a PE of barely 3. The cash on the balance sheet is worth more not to say anything of the various prospects around the globe. It is a GLEN in the making and has been so for the last 19 years.

[dead duck resources] 08/2/2024 08:19

If the house broker has taken a decision upon itself to sell RRR at 0.09p, 97% below its 2.8p broker target published last year, it is one of the most deramping things I have ever seen. Even our house broker has no faith in RRR :(

[kemche] 08/2/2024 08:15

digger, that is not how it works with Noirua. It's ALWAYS a profit.

Meanwhile the representative continues to be on standby and the Chinese New Year approaches. The transformation will be complete and the judging by the exports can begin. Leni continues to consult in the background.

[dead duck resources] 08/2/2024 08:14

'his broker is trading on his behalf'

How much more will you make up? After correcting misleading posts about PREM having tens of millions of 'debt' now clarified as prepaid offtake, seems you've not learned your lesson and just come out with anything to promote the stock. A broker would not have sold such a material position unless the client told them to do so.

In respect of RRR, annual loss was around the market cap and highly geared, getting on for a million of convertible debt and million US of debt owed to a partner and plenty of creditors.

[kemche] 08/2/2024 08:12

Agreed Stephen. NT to buy.

[digger2779] 08/2/2024 08:12

Noirua7 Feb '24 - 23:21 - 17153 of 17157

Surely Mr Black bought the 0.075p shares after he bought those at 0.0135 to 0.155. He must follow the same tax rules as the rest of us. I.E. sell the shares he bought earlier which in his case were the ones at the higher prices. He therefore made a loss on his recent disposals but is still holding the ones at 0.075 so is showing a paper profit on those.
Of course we are not privy to what he did or didn't do but tax rules is rules.

[steveberyl] 08/2/2024 08:03

Positive start likely following Huge trades posted after hours.

[one2go] 08/2/2024 07:49

In respect of RRR, it is clear something is going on in the background not withstanding the possibility of a $7.5m cash windfall from the DRC.

It looks like a new project, maybe an entire change of direction is about to take place here, time will tell, the £3m market value is pure option money and everyone knows what can happen to AIM stock prices if a development brings the herd into a stock.

In respect of last nights TR1 re William Black, remember his broker is trading on his behalf, it is ironic that when the broker sells the bashing community salivate at the lips yet when he buys back a position (as he has done many times) there is not a murmur from them.

The bashing community need to be silenced, the only way this can happen is to prove them wrong and break the status quo of share price downside. Many believe that is about to happen.

[noirua] 08/2/2024 00:49

Hopefully, RRR will manage a turn of some sort as Helium One did. One investor was reported by Justin Waite to have made £170,000 having taken up the 0.25p placing and selling at around 2.3p. Looks to have turned a big loss into a substantial gain. Always a gamble that might not come off.
Red Rock would just need to move from 0.07p to 0.65p to achieve the same. Gamblers will play the game whilst the cards look right though if AB is in all correctness and not just in hope then...

[noirua] 07/2/2024 23:21

Mr Black just sold shares bought at 0.075p to take a 50% profit. He took profits on an earlier run up to 0.28p. He did buy a lot of shares around 0.135p to 0,155p so is probably holding those waiting for DRC funds to arrive or yet another run-up. He knows how to financially battle for profits or get out of trouble - good luck to him.

[dead duck resources] 07/2/2024 20:44

3.3% of the company dumped, and based on the period bought we can say dumped at a loss

Picked up by savvy investors who noticed consultancy on message boards & social media
and knowing a good thing when they see it, they did not need to be consulted to twice!

[kemche] 07/2/2024 19:52

William Black does not know as much as our Stephen. Seems to be an amateur.

If he wants to miss out on the millions then that's his business.

[captain_kurt] 07/2/2024 19:41

Largest shareholder selling into the ramp ?

[steveberyl] 07/2/2024 19:16

RRR is a 2 part SAGA. The first part is unfolding now and whenever it concludes, it will fund the next Stage.

Many mining Companies dig holes in Ground Worldwide and find Nothing, RRR merely needs to instruct Solicitors and the eventual outcome will put $M`s into RRR coffers.


In the Meantime RRR will carry on with its current business with a Huge improved Market cap(based on the outcome of the next Court appearance) that will allow substantial funds to be raised at decent rates, should suitable opportunities arise.


A huge Cash pay-off is likely, even, beyond reasonable Doubt.

RRR once you absorb the facts surrounding Glencore Subsidiary, is an Embryonic Mining Giant. I shall add M`s at these levels. NAI

Ivory Coast v DR Congo in AFCON Semi-Final Winer play Nigeria.