Red Rock Resources Share Discussion Threads

[jlondon] 18/8/2024 19:57

Post 18600, 19:57, Sun, 18 Aug 2024: You, Sir provided your own RRR share target price of 36p vs the latest broker report from First Equity of 2.8p dated 19 Jan 2023.

Per Align Initiation Broker Report, it stated RRR went from 1p to 20p pre-fixed "success." History is it not & share chart will also confirm that.

36p, Sir??? No broker in the UK or any where else has that share price target? So, which is real?

Well, I think any reader will think 2.8p by a licenced broker report as above is better than 36p forecasted by you, Sir which appears closer to "reality" of the assets of this co [see the report via the link from RRR themselves]. Oh, now it is Miss but Mr previously? Puzzling.

J.London, Sun, 18 Aug 2024 9pm.

[Ref: "My price target is 36p.." dated 4 Aug 2024 , Post 66/66, Advfn Red Rock Resources [RRR] @19:13 by Kemche]. Today RRR share price is 0.052p average with a market capitalisation of £2.39m [Source: Google Finance]. Now, in your latest post you say 87p is your share price target for RRR? [Sun, ADVFN RRR, 18.8.24 , Post 8603 at 21:13]

If RRR is 36p per your own share price target, the market capitalisation will be £1.7 Billion!!! At 87p, that will be a market capitalisation of £4.1billion!!! Why, RRR could join the FT 100 as Fresnillo 's mkt cap is £4billion.

I prefer to stick to licenced broker reports, thank you.

[kemche] 18/8/2024 18:57

You Miss are clearly deluded and stupid.

[jlondon] 18/8/2024 16:50

I am off now Highley but good to talk to someone that is reasonable and can take in both sides of views. Since RRR is an exploration junior, one will have to have big capital to hire economic exploration geo of seniority like Sprotts and a whole host of experts who have on the ground, to the minute knowledge of M & A etc in order to be able to provide a status report. Otherwise, just a sell note is not much use as shorting can be very risky as well especially if it can be further confirmed that IG Index is only closing short positions and no longer allowing open short positions nor lending stock to short per another poster on the other RRR forum. Have a nice weekend. Sorry the post is rather long but I have never met you so I dont know your thinking so it is a matter of cross-ideas and views? Yes, teams of experts cost big money, hence why for RRR with a mkt cap of £2.08m , how much more can they do research on, further than the broker reports seen so far? Sun, 18.8.24 I had to reply for obvious reasons. But I dont intend to look as have other things to do.

[jlondon] 18/8/2024 16:23

Highley
So, what you are saying is that you want a "sell" recommendation.? Or more accurately, a sell broker report. Who is going to pay for it as it is not free and a/c to Crux, they said that such reports cost $30-40,000 and up to $200,000? So, say, I am a billionaire or mega millionaire and I commission a broker report and by the same vein as your thinking, would they want to please as well LoL? I dont think so as I believe all firms need to use the standard methodology that is industry standard ie NPV or Value in Situ.

As far as I can see from the reports, they are rather factual ie they do provide the various scenarios and discounts of say, RRR IPO happening in 18 months say, that needs to have a discount in the past and so forth.

A poster on the other RRR forum said that at IG Index, there is no more positions to be opened for shorting RRR , only closing positions. IG is also not lending stock to short but I cannot verify that and confirm further as I am not an IG client.

You may also be aware that broker report target prices will not be the same as the current share price - there is a perception gap and quite normal for small stocks.

You dont consider Edison to be a broker? Do you consider Clear Capital to be a broker as they wrote the broker report prior to First Equity and Clear Cap is the broker to RRR?

So, you know a guy that writes such broker reports and he has had to re-write ...etc ? So, if he or you maybe work for the City as an Analyst or Director of Research for a big name investment bank ie Tier 1, then do the Analysts or Market Makers not need a broker share price target?

I posted on American forums and no one ever questions the broker target price because no one dares to post their own valuation and thus share target price ?

I have never met you on forums before so I am not sure you are interested in RRR, or may be interested as a holder etc or you are interested in the sell side. This is not a personal question by the way but just your ideology? I never short any share so I have to take the view that I have the bull's view but also take in the
self researched data and current info as much as I can.

I cant name names but on the other forum, one works for a City firm and he has the Bloomberg Terminal at work to use - he can see all the latest institutions that own that stock but the retail cant see the latest until FT/IC update but they can get the latest. I am sure that broker target price has to be also shown in case mistakes are made especially market markers etc who need to see a bench mark.

Share price targets cant be subjective given projects are valued. In real life, outside the stock markets, they used to have Parkers Guide for Cars and the condition for example, good, fair and medium. Same with coins eg numismatic American Eagles which are ranked for points based on condition. All markets , be it art [fine high end art] etc are based on valuation or last sold etc [inc mkt conditions and liquidity].

So, with stocks, it cant possibly be 0 price? I know of 1 stock on the other forum and the max broker report by WHI is 33p but the chap does all his own workings [not an Analyst or works for the City or professional] and he has a share price of £5 and £10 for the stock. It is currently 3p+. I tried to be diplomatic but he wasnt having it - I was concerned that others could get burnt as folks might just lose their heads of a penny stock valued at £5 & £10 each share? A recent jail term in Australia was published and if I recall, these folks were giving out their own share price targets, hence why I said that the FCA needs to have some guideline ie that only licenced and qualified people do the share price targets and underpinned by a broker report so that one can see the full write up as to how it was derived and check if necessary against another report. This is my observation.

Just wondering and interesting to converse with someone that has mutual respect and can take in views. Sun, 18.8.24

[highley1] 18/8/2024 16:08

JL,

Of course large institutions don't cover small mining companies because they're too risky, hence why most London institutions don't invest in small AIM companies either, and neither do I for the same reasons, continual dilution through forward sold placings.

It used to be nothing under £100 million cap, it could be more now.


I don't consider Align nor Edison "brokers".

You know very well the slant put on a commissioned report, nobody is going to pay for something where they don't come out well, so it has to be favourable to the client, and potential red flags are overlooked or watered down.

I know a guy that writes such reports for one of the myriad of companies offering this type of service, and he has had to rewrite a when the client complained about the final outcome, and valuation.


When did you ever see a "sell" recommendation from a broker report?

[jlondon] 18/8/2024 15:09

Highley1 #18595 @16:06, Sun, 18 Aug 2024.
Of course, Broker Reports via Analysts have to be paid & under the new rules, if they are not paid, it is not available to the public? So, who would be rated & what price? J.P Morgan, the No 1 investment bank in the world in the USA? I dont think they cover any independent research into any small AIM, London Stock Exchange listed co and certainly not under £5m mkt cap. RRR is currently £2.08m. Wondering?

Do not all broker reports all use the same methodology for calculation ie NPV or Value-in-Situ ? I know Edison use Value in Situ. Dont they all use standard methodology for value in situ per M & A, eg copper, 3cents etc from recall?

I have seen Solgold's broker reports , also cited on their website for investors or potential investors and many brokers cover Solgold, London listed including Hannan & Partners [Chairman formerly of JPM, USA], Canadian brokers etc. I have just called up the FT and they have 3 Analysts covering the Solg share & they have high , medium and low at 64.12p, 61.8p & 59.48p today respectively [2 buys & 1 outperform]. One notes the variance is not exceptional wide given they may be using different methodology of calculation ie either NPV or Value in Situ, industry norm? What other methodology is there? Sun, 18.8.24

[[Reply above also - Applicable to the other poster at 13:49, Post 18593, ADVFN Red Rock Resources on the subject matter of Broker Reports for Red Rock Resources.]] Sun 18.8.24 /Kemche/]]

I trust the above clarifies with thanks. Dont all companies provide broker reports for investors or potential investors so that they can get an idea of their projects etc, otherwise, investors will have to depend on posters on forums who are unlicenced by the Financial Conduct Authority [regulator in the UK] and if it proves wrong or far out, then accordingly, posters on stock forums are not insured for professional indemnity but all brokers have to be qualified, licenced and their investment firms all have professional indemnity? Thus, the FCA has public safety in mind is it not as the raison d'etre for these broker reports?
That is what I understand.

[highley1] 18/8/2024 15:06

Edison write nice things if you pay them for their services.

I consider their reports to be commissioned, I.E akin to a paid advert.

I don't consider Align Research to be a broker's report either.

[jlondon] 18/8/2024 14:48

[13:49, #18593, Sun, 18 Aug 2024] Sir, you call an official Initiation broker report provided by Red Rock Resources[RRR] themselves at their website via link at hxxps://rrrplc.com/investors/share-information/broker-research/ by Align Research, a licenced firm with the Financial Conduct Authority , UK [the regulator] being "deluded" etc [cannot repeat your words in post your 18593 as above]? I cited Align stating history shows RRR share price went from 1p to 20p, 20x. [Share price history]. So, what was wrong with that, citing history?

I say, Sir. What about the bevy of the other broker reports that RRR provided at their website for shareholders like Edison Research [Dr Ryan Long fame] also licenced by the FCA , Clear Capital Brokers [another licenced firm] and currently broker to RRR? Other broker reports are First Equity, SVS Securities etc?

Isnt Edison also rated? So, what investment firm would you rate, Sir given RRR is a £2.09m mkt cap Junior Explorer firm on AIM, London Stock Exchange? You would be aware that broker reports cost a lot of money - some stated to be up to £200,000 for each broker report if I recall correctly from Crux [average would be £30k-£40k]. Sun, 18 Aug 2024. Rather puzzling and wondering?

[kemche] 18/8/2024 12:49

Align Research??? WTF???? You are even more deluded than I thought. Nubskullery extraordinaire!

[highley1] 18/8/2024 10:37

Kemche,

What's another 44 million shares between friends?

When you've got nearly 5 billion is issue already it's just another small step towards the 5 billion level.

[jlondon] 18/8/2024 10:06

--------------Sun, 18 Aug 2024 18589 & 18590 at 08:35 & 09:20----------
Kindly provide a link then for what you say of supply side broker on RRR and target price if any. Per FT [subscription only] -- although Investor's Chronicle provides free data [same owner FT/data the same] states 6p with 1 Analyst covering it over a 12 mth forecast. [Current price: 0.05p] hxxps://markets.investorchronicle.co.uk/data/equities/tearsheet/forecasts?s=RRR:LSE
Isnt this above 1 Analyst target price still current, listed on all Professional Bloomberg Terminals only available to investment professionals & analyst firms working in the City of London or Square Mile?

Kindly provide a listing of 400 fundraisings over a 20 yr period you stated vs a chart of 200 AIM Junior Explorers over a similar & exact 20 yr period to show if this co named is an anomaly? Otherwise, it is called stats in isolation and skewed? This is the statistical method to prove the point & seen in all professional City professionals charts. Its called bench-marking. [[No one can possibly have a 20 yr record of this co as it is just not available to any Joe Public investor nor is it on the RRR website. However, if correct ie 400 raisings, then can it be, Sir, it is from the Sq Mile/City of London work computer @Bloomberg professional terminal [computer that all investment firms have]? Wondering.]]

Could you also overlay the above to the share price performance because 1 metric can never be shown in isolation. I have today seen a chart and it overlays at least 3 more trends & stats for comparison. All industry standard.

Sir, you mentioned Sell Side Broker - are you one & Extel Survey ranked per your mention of Extel ranking of Investment Licenced Analysts?

Sir, you mentioned Ratalin? Are you a qualified & experienced NHS Dr or Specialist Consultant in public or private practice [Harley St, London] & o a writer/contributor of this specialism in the Medical Journal/s of the Professional Medical Body or Lancet ? Or a medical Consultant renowned in this field for diagnosis/prognosis/pathology & extensive medical tests done to prove diagnosis inc pre-requisite examination & medication etc with 2nd medical opinion allowed etc [licensed & registered with the Medical Board, England & Wales] ? Ordinary people dont even know what Ratalin is or what it is for [I have never heard of it] . Wondering since it is mentioned many times on this forum by Sir?? The other forum is now aware that such matters are now under new online regs?

Sir, you are terse in your posting but it does not elucidate nor have links/source/citations to provide a clearer thesis? In the City of London [investment circles], dont research reports come in not just 3 paras but rather tons of pages? Same for geological reports etc.

Align Research [licenced] Initiation Report stated that this co went from 1p to 20p from recall but kindly check as read it some time back. So, despite the raising/s, it was a 20x multiple at the very least.? Any other stock Sir can think of that had such a spectacular rise in its history & is this typical? Align is quoted as they are the only ones that have recorded the RRR 1p to some 20p"] to have it in print that raises were done but the share price rose 1p to 20p for a historical perspective of the share price rising.

Kindly come over to the other forum where this was postulated since everyone can read your reply. Thank you. End of conversation of 1 post & in reply to the hundreds of posts over months etc. Sun, 18 Aug 2024. Discussing as its puzzling about the above, Sir raised?

So, Sir, you dont accept all the broker reports of RRR which is cited on their website eg Edison, SVS Securities, Clear Capital [broker to RRR] & First Equity, Align etc, who do you rate and can you provide a broker report that is publicly available or name one from your Bloomberg Professional Terminal [ used by the investment professionals via City of London computer}? What!! Edison [of Dr Ryan in the past] not rated? I say?

[kemche] 18/8/2024 08:20

"Per your post this morning of 7am+, if , by your measure this morning, then I think the London Stock Exchange may have to close down the whole of AIM and the raison d'etre of providing capital for "growth co" [their definition from recall] and co's will have to be trading only if they all have income. This means effectively, ===All Exploration Co's === to not be allowed on the AIM because they have to raise to drill etc or buy assets to drill isnt it [as it means issuing shares or taking on CLN's]. So, no more copper, gold, and the rest of the metals needed if all exploration are closed down in theory isnt it? Why? None have income whilst being an explorer and not a miner isnt it? LoL. News, Sun 18 Aug 2024. @7:59am."


Yes. They should list and have 400 fundraisings over a 20 year period. Lols!

[noirua] 16/8/2024 23:44

Weekend Reading
TallyMoney is a Private Company due to IPO later this year. Formerly Lionsgold Limited.
@tallymoney
TallyMoney is the world’s first mainstream alternative currency to be issued into personal accounts.


ADVFN -

[noirua] 16/8/2024 23:35

Weekend Reading
Reminder:
06 Aug 2024
Photo - see caption
Helium One Global, the primary helium explorer in Tanzania, has provided an update on Itumbula West-1 ('ITW-1') operations.

[kemche] 16/8/2024 19:23

I do love a 4:28 RNS. A verbatim whoosh on Monday.

[noirua] 16/8/2024 16:36

At least the gold price continues to almost challenge $2,500, a plus for the gold assets.
DRC remains the key, but unfortunately, imminent news has come to nothing so far.

If AB and fellow directors had bought shares over the last 27 months confidence would be
well off the floor.

Maybe more will lock in shares at 0.045p a share to give RRR much more cash?

The share is a gamble and for people like me holding a lot of shares that's fair enough.
Your call!

[noirua] 16/8/2024 15:47

I wonder how much Reparation costs have been paid concerning the Greenland Project
in the Year to June 30, 2024?

These have been stated, once again, in the year to December 31, 2023.

[noirua] 16/8/2024 15:42

Share Subscription - 16 August 2024

Red Rock Resources Plc, the natural resource exploration and development company with interests
in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announces
the issue of 44,444,444 new Ordinary Shares ("Shares") in Red Rock at a subscription price of
0.045 pence per Share pursuant to a subscription in conversion of an advance of £20,000 by an
existing shareholder.

Admission to Trading on AIM and Total Voting Rights

Application is being made for 44,444,444 Shares to be admitted to trading on AIM, the admission
of which it is expected on or around 22 August 2024.

[kemche] 16/8/2024 15:26

If I put quotation marks around a sentence do I still have to say that it is verbatim? Asking for a Ritalin Boy.

[kemche] 16/8/2024 15:13

I will do intheknow! Thanks for the tip - I owe you.

[intheknow69] 16/8/2024 14:56

They stated ‘development updates’ within days. Get in before the news lands.

[backmarker] 16/8/2024 13:34

Vous avez raison. Un grand petomane, bien sur !

[backmarker] 16/8/2024 13:24

Not as relentless as your posts, kemche.