Red Rock Resources Share Discussion Threads

[noirua] 21/6/2024 13:36

Should Red Rock also apply for a listing on the Nairobi Exchange?

[noirua] 21/6/2024 00:19

One day in July last year I suddenly became a poet. Maybe vying for the
position of Poet Laureate. No vacancy so that's that. Someone has brought
it back on Plus One Coin. My day of poetry is over and shalt not return.

[noirua] 20/6/2024 21:42

The only hope of any moves on Red Rock is if Mr Topham and Mr Black who
hold together nearly 20% decide to both move to double their holding.
Others hold through various brokers so it is difficult to see who has less
than 3%.
Power Metal is virtually certain to just sit there and see their NBGC
interest gradually swallowed up for Cash, RRR shares and warrants. Any
other move would be seen as very bad form at this stage. Their interest is
as Merchant Bankers tied in these days with Rick Rule.
One of DLs' Australian outfits could bid for Red Rock but more likely has
an eye on NBGC.

[kemche] 20/6/2024 20:55

POW are only TR1 holders for the moment. I suspect they will cease to be once ettie has finished with the bad commentary. £500k at 0.0002p???? Followed by a consolidation?

[mrblobbythe2nd] 20/6/2024 20:25

You have to laugh at the fools on LSE salivating on the possibility the shares might rise from 0.045 to 0.055p, they forget that the price has fallen from 1p.

Bell has become very tetchy over personal criticism just recently, he also has no interest in the shareholder value wipe-out and never has, just how many investors in this outfit have been wiped out over the years?

There is some speculation that Bell may be forced to move aside, it will be interesting to see how POW will react to the appalling corporate governance at Red Rock now they are a TR1 holder? What are Blacks intentions with his 10% stake? What is Lenigas doing behind the scenes?

Many believe that the best thing that could ever happen at Red Rock would be for AB to step down, the trolls allege they are only active because of him, if he goes could these same trolls become supporters?

So many questions, RRR equity is now option money, if anyone wants to launch a corporate move the cost would be modest currently.

[noirua] 20/6/2024 19:22

With a UK election result all but certain the GBP is starting to weaken.
Good for the gold price in British pounds. Maybe, who knows, good for
the value of RRR tenements. The sun is shining brightly and the sky is clear.
AB it appears is back on UK Terra Firma and DL is yachting in Monaco.
The link to DL's yacht has been deleted, it is a wonderful delight for the eyes.

[noirua] 20/6/2024 18:26

It looks as if gold production, at a guess, in Burkina Faso, is unlikely until the fourth
quarter of 2024.
Allowing for all the costs whether Red Rock or Riverstone pays it will be a considerable
time before all costs are covered. I do not doubt the results though it does appear this
is becoming a larger venture due to changes in plans and therefore subject to costly
delay. Fine in the end if the gold price remains buoyant - good luck AB we need I think
bigger pockets than Red Rock's. ( Noirua's opinion ).

Burkina Faso:

LOCATION Bilbale and Boulon:

Africa -

-----

"In addition, says preparation of operating sites continues at Bilbale and Boulon in
Burkina Faso.
Due to increases in air freight charges, it has been decided to send containers by sea.
The target time for the arrivals is in early July.
Chief Executive Officer and Chairman Andrew Bell commented: "Progress towards
continuous operations in Burkina Faso continues satisfactorily. The scale of the
logistics operation is considerable, and involves overcoming regulatory challenges
at the points of both export and import."

[noirua] 20/6/2024 14:54

CLNs - 22 August 2023 - Red Rock Resources Plc, the natural resource exploration and
development company with interests in gold, copper, cobalt, lithium and other minerals,
announces that it has received notice of conversion of £52,509.60 of Convertible Loan
Notes, inclusive of interest, into 26,000,000 ordinary shares at a price of £0.0020196 per share.

Red Rock also announces the issue of 50m warrants exercisable into new ordinary shares
for 2 years at 0.2p to an unsecured lender, subject to a grant of authority at the next
General Meeting of the Company.

---

October 19, 2023:

Red Rock Resources Plc, the natural resources development company, with interests
in gold, copper, cobalt and other minerals, announces the Board's approval to issue
Convertible Loan Notes October 2023 ("Notes") to raise up to GBP500,000 at a price
of GBP10,000 per Note as constituted by the Red Rock Resources Plc Note Deed,
dated 17 October 2023.

To date, via the Company's broker First Equity Limited, GBP210,000 were raised
before expenses by subscription to 21 Notes, which closes the First Tranche of the
Notes issue.
The Notes issue date is expected to be on or around 23 October 2023, subject to
received funds. The Notes, identifiable with the ISIN: GB00BR3TH788, will not be
traded on any exchange.



Not finished yet - cheers.

[noirua] 20/6/2024 14:39

The CLNs come up for conversion at 0.05p if the offer to convert at that level still stands.
The shares need a lift to about 0.65p bid or yet another rollover combined with a new
CLN offering is on court.

CLN opening looks more certain if an asset is not sold at double pronto haste. -

[kemche] 20/6/2024 13:55

Nothing seems to be working. I expect a flurry of NONRNSes, "interviews" followed by bad commentary.

[dead duck resources] 20/6/2024 13:51

4-6 weeks is ambitious! The most recent half yearly cash burn was £1.285M (-£50k/week)

£50k/week spend = forecast -£1.3M outflow for the six months to June

Cash at January was just £80k = £1.220M cash needed to cover the gap

2 months ago RRR raised £260k gross, so call it £220k after expenses

£1.220m - £0.220m = £1M needed to survive until June at recent run rate

If we are generous and say (hey presto) expenditure is reduced by half, so only £500k
needed, and found by taking out loan notes on high rates of interest, this just means
more debt to repay later and we still run out of funds next week. Placing needed ASAP.

[noirua] 20/6/2024 12:52

A rough estimate based on spending by RRR up to Dec 31, 2023, indicates about 4 to 6 weeks
to go and the company's cash runs dry. This includes unknown reparation costs for Greenland
guessed at being around £75k in the present half year.

Some costs might not be ongoing and the dates for payment may not yet be due. The company
indicated in January last that one or two assets were close to being sold - all quiet since then.
8 minutes in roughly -

[algernon2] 20/6/2024 11:36

Yes, the amount produced by a certain poster is quite astonishing and possibly a little worrying regarding their frail grasp on reality and mental health? They could be a malfunctioning A.I. Bot that is being tested and has gone rogue?

[kemche] 19/6/2024 19:46

"101 theory states where an asset is of substantial or substantive, it then increases EV.?"

The endless wittery of this moron is astounding.

[kemche] 19/6/2024 11:51

NBGC to IPO straight after ELEP and then whoosh!

[backmarker] 19/6/2024 11:17

Oversight ? There's little of that when it comes to ABs expenses !

[noirua] 19/6/2024 10:51

Should NBGC IPO on the ASX then David Lenigas may have an eye on the
Chairmanship. Red Rock would likely end up with a much smaller interest in return for cash.

[kemche] 19/6/2024 10:24

waving - that's just an oversight.

[kemche] 19/6/2024 10:23

I cannot see Sunday Creek sitting idly by whilst Ettie eats their lunch. I expect Sunday Creek to lob £250m Ettie's way to pick it up for peanuts.

We know that the Chinese are waiting in the wings for Migori and no less that 5 Chinese buyers are waiting for the Lithium. Add the $400m from Glen and Ettie could easily be sitting on a pot of nigh on £1 billion.

He just needs a few more fundraisings to get over the line. Then whoosh!

[1waving] 19/6/2024 10:06

.
RRR RNS 12 June
" 3) The Company delivering 166,666,667 new shares in Red Rock and accompanying warrants exercisable at 0.25p per share in Red Rock to the vendor."

Power Metal Resources release today. -- as above 18106
" The Company has also been issued with a £250,000 convertible loan note and 100,000,000 warrants exercisable into RRR ordinary shares, for three years at a price of 0.15 pence per share. "


Exercise price difference, suspect 0.25p is correct but needs confirming after the contradiction above.

[noirua] 19/6/2024 10:02

Presentation:



Investor Presentation June 2024:

Just a thought. Would NBGC be in the mind of Advisor David Lenigas who is Chairman of Riversgold and Rincon? He is also Chairman of Odessa Minerals a rare earth explorer in WA.

[kemche] 19/6/2024 09:56

Canny move by Ettie to purchase the creek next to Sunday for a song. POW will be so embarrassed when it is producing billions in gold. This is just what the market was looking for.

All the sells are buys.

Trucks and diggers to BF soon and then whoosh!

I continue to average down.

[noirua] 19/6/2024 08:55

19 June 2024

Power Metal Resources PLC

("Power Metal" or the "Company")

Completion of Disposal of Victoria Goldfields JV Interest

Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed exploration company with a global project portfolio, is pleased to confirm that further to the announcement of 12 June 2024, the disposal of the Company's 49.9% interest in New Ballarat Gold Corporation plc ("NBGC") , which wholly owns Red Rock Australasia Pty Limited ("RRAL"), the local operating company holding exploration interests in the Victoria Goldfields, Australia and in South Australia, has now completed.

Accordingly, the Company has been issued 166,666,667 new ordinary shares in Red Rock Resources plc ("RRR"), and now owns 3.87 per cent. of RRR.

The Company has also been issued with a £250,000 convertible loan note and 100,000,000 warrants exercisable into RRR ordinary shares, for three years at a price of 0.15 pence per share.

For further information please visit or contact:

[algernon2] 18/6/2024 17:05

Fighting appears to be breaking out on the LSE BB.
Luckily with Noirua and Kemche on the ADVFN BB we have better Governance and (dare I say it) a better class of Investor. Discuss.
The LSE BB however IS usually more exciting though to give it credit!

[noirua] 18/6/2024 10:46

Freight shipping transit time is impacted by factors including distance, shipping mode,
route, and season. In very rough estimates: express can take as little as 1-3 days,
air freight is typically 5-10 days, and sea shipping can range anywhere from 20-45 days
or more.

The complexity of customs procedures and potential delays at border crossings can
also influence freight shipping transit time.
Factors such as the volume of shipments being processed, the accuracy of documentation,
and any unforeseen inspections or regulatory requirements can contribute to longer
transit times. Moreover, adverse weather conditions, such as storms or extreme
temperatures, may disrupt transportation networks, further extending the delivery schedule.

Therefore, it is crucial for shippers and recipients to consider these variables when
estimating the arrival time of their freight shipments and to plan accordingly to minimize
any potential delays.