Red Rock Resources Share Discussion Threads

[kemche] 17/10/2024 10:14

"5. Mako executive team moving on: third exit by them."

Lucky barstewards managing to successfully exit investments and providing returns to their shareholders.

[kemche] 17/10/2024 09:41

I saw a segment on the Cornish Lithium on Newsnight yesterday. Is our Ettie missing a trick here? Should he not be talking to the Government regarding our Lithium? Could he team up with Sanderson and offer novel Lithium storage solutions????

[kemche] 16/10/2024 10:07

"but we should know a lot more within a couple of weeks."

I know now!

[1waving] 16/10/2024 10:03

.
It's a race between receipt of the DRC award cash and another placing for at least £250,000, with the deadline for payment of £250,000 for the NBGC/RRAL deal being 18th November.

At present I think the placing is slightly the most likely, but it is quite on the cards the DRC cash could be paid in time if the DRC gets a move on.

The meeting on the 19th Oct could be a decider.
There looks to be more DRC project/s on the cards for RRR if this weekend goes well, although those projects will take many years before production and income so are way in the distance.
The question that arises for me is , are the DRC going to say ' if we give you these projects, will you guarantee that you will spend xx Dollars from the arbitration award on developing these projects ' (subject to due diligence of course.)

If the DRC and RRR can make a mutually beneficial agreement this weekend, the payment of the Arbitration award could come very quickly.

A bit of food for thought / speculation there, but we should know a lot more within a couple of weeks.

.

[kemche] 16/10/2024 09:56

It's all about Lithium and ELEP now.

[noirua] 16/10/2024 08:12

Meanwhile, miner Rio Tinto sealed a roughly USD6.7 billion deal to buy lithium chemicals
producer Arcadium, as it expects lithium demand to continue to grow due to the popularity
of electric vehicles.

[noirua] 15/10/2024 22:46

October 4, 2024, Progress on ReconAfrica's 1st exploration well in the Damara Fold Belt,
which also underlies Elephant Oil's block in Namibia.

[noirua] 15/10/2024 22:41

Onshore: Ivory Coast and American group Elephant Oil sign three production sharing contracts
01/08/2024 by Redaction Connectionivoirienne
Three Production Sharing Contracts (PSCs) covering three Onshore oil blocks, namely CI-520,
CI-521 and CI-522 located in the Eastern zone of Côte d'Ivoire, were signed on Tuesday,
July 30, 2024 in Abidjan by the Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly
and the CEO of the American group Elephant Oil, Matthew Lofgran.

"I do not hide my joy to see that after the many discoveries we have made since then in Offshore
(deep waters), this new partnership with Elephant Oil on these three oil blocks in Onshore
(dry land), will allow us to resume more effectively the search for hydrocarbons in this part of our
sedimentary basin", rejoiced Sangafowa-Coulibaly.


Regarding the shares obtained by the Ivorian side, the minister stressed that 52.5% of the
profits will be returned to the State of Côte d'Ivoire. Of the remaining 47.5%, 80% will go to
Elephant Oil, while 20% will be returned to PETROCI Holding.

Matthew Lofgran assured that "in accordance with the law on local content, his company
will work to create many jobs as the President of the Republic, Alassane Ouattara, wants."


According to the main contractual terms, the American company has three exploration
periods with a total duration of seven years.


CICG

[noirua] 15/10/2024 20:34

A company must publish the results of a poll taken at a General Meeting on their web site
(Section 341 of the Companies Act 2006). Technically this would not apply if there was simply
a “show of hands” vote so reports of proxy counts would not necessarily need to be published
in that way, although most companies do so.

[noirua] 15/10/2024 15:02

@RRR_RedRock
Off to DRC for a series of meetings. Taking in Kenya too. A busy week ahead, quite apart
from movements of people and equipment to BF.
3:08 PM · Oct 15, 2024

[affemoose] 15/10/2024 14:40

"makes our position stronger" - and there was us thinking there was no need to prove anything just collect the cash.

Has anyone managed to get the results of the AGM votes yet? What was the vote split. They are obliged to share this.

[digger2779] 15/10/2024 14:32

Just listened to the interview. He never sounds very convincing does he? Whoever he meets with will probably run rings round him and we will end up with a pocketful of posies.

[kemche] 15/10/2024 13:47

The draft of the initial meeting should be received shortly and then the question is what can we do to help the people of the Congo? Not deluded at all.

We have been invited to a meeting, cannot say with whom, but then we will have the necessary meetings. Sounds clear enough.

If we can show that there was a conspiracy then good, it makes our position stronger. Oh goody.

Are you meeting with the President or the presidency? No comment. Seems clear enough.

We would only use the authority if we do not get the money from Congo, or are about to get it. Seems crystal clear.

You have to have your plan B or plan C. We can see why people in the market get nervous. Well no need to because it is not our plan A. Unless it is.

2025 will be our year!

Bad commentary ahoy!

[noirua] 15/10/2024 12:47

Oct 15, 2024
➡️ Andrew Bell confirmed that he has been invited by the DRC presidency for an important
meeting on October 19th to address longstanding issues with local partners and explore
potential business opportunities. This meeting could resolve ongoing disputes and pave
the way for future operations in the region.

➡️ He also highlighted the nearing conclusion of the arbitration process regarding
compensation for assets lost in the DRC. Emphasizing that Red Rock is well-prepared
and confident, armed with solid evidence and legal backing, to secure a favorable outcome.

➡️ The Company plans to focus on growing gold production operations, particularly in
Burkina Faso and Ivory Coast.

By Mark Fairbairn
Recorded: 15/10/2024

[kemche] 15/10/2024 11:17

It's coming......

[backmarker] 15/10/2024 11:06

If you think AB will be dining with the actual president it's about as likely we are going to become a major lithium producer.Today the share price is going up but most of the trades look like sales. Just another anomaly in the maze of mirrors that is ... drumroll .... RRR !*@#

[kemche] 15/10/2024 10:10

All the forward buys appear to be buys.

[noirua] 15/10/2024 09:32

A Presidency is an administration or the executive. From this, it may not mean a meeting with
the President face to face.

[kemche] 14/10/2024 15:31

Interview next and then whoosh!

[noirua] 14/10/2024 11:54

Red Rock shares if they get the $12.05 million owed to them and sell RRAL for cash and
royalties plus added royalties from El Limon - well one can work out the rest. Burkina Faso
your guess is as good as mine - good luck all.

[kemche] 14/10/2024 10:40

Agreed. Added 36 million.