Red Rock Resources Share Discussion Threads

[noirua] 14/5/2024 11:09

The company is known as an asset killer or value destroyer. Until Red Rock sells two assets it said were close to being sold the black cloud named cash raising always looms and weighs heavily on the share price.
The CEO only owns a small percentage of the shares and many were gifted free by Red Rock Resources PLC and indirectly therefore by the company's shareholders. The only chance, in my opinion, of the CEO buying more shares is in a discounted placing and not on market which is a shame.
The CEO could prove me wrong and I hope so. However, I keep the faith.

[captain_kurt] 14/5/2024 08:53

Masterclass
Hats off to Andrew Madoff Bell for 'running' this company as CEO and chairman for over 20 years.

His achieved alot for himself

[noirua] 14/5/2024 00:48

Look at the manganese price rocket:

[kemche] 13/5/2024 16:31

Good one Noirua. Because they are that stupid huh?

[noirua] 13/5/2024 16:28

AB and Directors could easily put their own money into this as a mark of confidence or could still do so.

[kemche] 13/5/2024 16:27

"In a scenario of two different people regarding 27k, I wonder if the first could be a buy DIY done electronically but the second could also be a buy at a fractionally lower price but done over the phone with the dealing team of a brokers having negotiated the best price for another buyer..."

God I love the asylum!

[kemche] 13/5/2024 16:17

I presume that is scuppered then. Why do bad things always happen to Ettie?

[noirua] 13/5/2024 15:31

March 12, 2024

Red Rock Resources agreed to acquire the remaining 49.9% stake in New Ballarat Gold Corporation from Power Metal Resources for £1.5 million on March 8, 2024.

Upon completion, £0.25 million will be paid in the form of a convertible loan. Upon Red Rock Resources shareholder approval, £0.25 million will be payable through an issue of 166.67 million Red Rock Resources plc ordinary shares and the remaining £0.75 million will be contingent as per the agreement.

The transaction is subject to approval of the board of Red Rock Resources and Power Metal Resources plc and regulatory approval.

It is also subject to the shareholder approval of Red Rock of the issue of the Initial Share Consideration and is also conditional upon the completion of due diligence by Red Rock Resources plc.

The completion will occur within 13 weeks of 8 March 2024 [ by June 7, 2024 ], being the date of the agreement.

[kemche] 13/5/2024 10:42

RRR are in a good place now. Which they were not before. And with each passing day they will be in a gooderer place still.

[kemche] 12/5/2024 23:12

1 new share for 60 held? It's about time I suppose to accompany the upcoming bad commentary.

[goggin] 12/5/2024 22:44

60 x 0.435 =

[noirua] 10/5/2024 13:01

The gold price is a fillip for Red Rock and the value of several interests. Red Rock has
none to sell as it is all in the ground.
Royalties for El Limon should arrive later this year - all fingers crossed.

[noirua] 10/5/2024 12:56

RRR still holds all the drilling information which is available to sell.
Meanwhile, Greenland losses plus ongoing reparation costs exceed £6 million.
- the reason some are so annoyed.
Also, many bought into the story, the story it turned out to be, and Red Rock's
share price rocketed. Afterwards, the share price fell rapidly followed by 13 years
of bad luck - bad luck are kind words for Directors and management.
A few think AB will do wonders again and rocket the share price 60 times
- 60 x 0.0475p is about 3p. 'I am a believer' as it will take the value of my dilapidated shareholding to £750,000.

[digger2779] 10/5/2024 12:43

There's always Greenland

[noirua] 10/5/2024 12:30

Unfortunately the other share ASX:BUX that went from 8c to 27c suddenly reversed
and stands at 11.5c. I failed to sell - damn.
The other share ASX:WC8 that shot from under 5c to 95c worked out well and I
banked lots. They stand at 53c at the moment.
Now it's Jupiter - a jolly good show so far.

[kemche] 10/5/2024 11:00

RRR reminds me of that other share that went up 987,657%.

We haven't done that one for a while.

[noirua] 10/5/2024 10:49

For those holding Jupiter Mines ASX:JMS the shares reached a 2024 high closing at 33c up from a low point of 17c. RRR have sold all their shares - a shame. The yield at 33c is 5.1%. The rise is due to the recovery of the manganese price. The target is the 2010 all-time high of 84c - AB was a director.

Manganese price

[backmarker] 10/5/2024 10:08

Yes, gold is taking off again. But RRR is not going to help you take advantage of it.Is RRR currently at its lowest price ever? If it goes any lower I wonder if the LSE system will be able to cope.

[kemche] 10/5/2024 10:04

It's all about ELEP now. Remember that we are near other wells that are also in Africa. Saudi is also not that far away.

NBGC next week.

[noirua] 09/5/2024 15:29

Gold is trying to take off though Red Rock needs $3,000 to drag the shares off the Rocks.
AB must be seen buying shares with fellow directors with their cash. Otherwise, unfriendly
individuals might think the venture in Burkina Faso is to keep the ball rolling - veritably
transformed are Red Rock? A damn shame as one thinks not at the moment.

[kemche] 09/5/2024 11:29

All the buys on the bid are buys.

[kemche] 09/5/2024 10:27

CZN restructuring/transaction catch 22 RNS. Very seldom do you find such able management. We are blessed. Whoosh! I continue to average down there too.

[kemche] 08/5/2024 12:34

Maidit - "we have assets to die for !!"


Many have.

[kemche] 07/5/2024 12:36

Okaaaaay......

[noirua] 07/5/2024 12:34

What appears to be afoot is that RRR will raise funds by selling a 10% to 15% interest in Burkina Faso to a group of investors. Riverstone Resources Limited are also likely to be interested and may want as much as 20%.