Red Rock Resources Share Discussion Threads

[kemche] 04/11/2024 00:16

MOFO Monday according to some.

I have an order in for 127 million of these golden tickets.

Gla lth'ers!!!

[kemche] 03/11/2024 17:44

19 months just fly by so quickly!

MiningLamp - 28 Mar 2023 - 06:56:18 - 13789 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

It looks like potentially significant revenues are not far away, according to the local geologist/manager revenues could be $1.5m a month with costs of circa $300k.

Red Rock owns just over 50% so the free cash would be IRO $600k a month to RRR, has the potential to bring in £5.7m per annum to RRR at current FX rates - not bad for a £3m company.

MiningLamp - 18 Mar 2023 - 12:22:11 - 13760 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

Mr Bell has been under the radar on his travels over recent times, no longer images on Twitter or 'hints' of outcomes like before.

The issue for outsiders looking in is if the right news comes, $7m+ cash from the Congo, no-one will have any chance of getting in around current levels, there may even be a near term RNS concerning a successful arbitration outcome and then another for cash receipt.

So you have to be in it now to win, risky yes but the whole sector has been risky for 24 months.

MiningLamp - 09 Mar 2023 - 16:13:43 - 13679 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

Interview just released, all to play for according to Mr Bell, he believes the Congo court case has reached the end game, they have seen the arbitration ruling (in RRR favour) but simply needs signing.



It seems the listing of Elephant Oil is on again, it appears the warrant element has been dropped, this apparently will lead to a far better after market in the shares.

[mininglamp] 03/11/2024 15:29

Just posted on LSE, does this mean he has secured the $10m also ??


Andrew Bell of RRR with Patrick Tuseku of Koto DRC SARL, signing a framework agreement

[noirua] 03/11/2024 13:18

Red Rock shares jump as announces "important" Congo talks - Red Rock Resources PLC on
Friday said several important meetings have taken ...
1 November, 2024.

[noirua] 02/11/2024 14:27

I hope 'having it on the Presidential Desk' means something. I remember a Director using
the same term some years ago - it meant either in his in-tray, pending tray, or out-tray. His
pending tray was always piled up.

[noirua] 02/11/2024 01:25

Weekend Reading
Nov 1, 2024, Pennpetro Energy PLC - a Texas-focused oil and gas company - Announces that
Stephen Lunn has taken on the role of chair of the board with immediate effect. This follows
David Lenigas’ resignation as director of Pennpetro with immediate effect, due to ‘his other
business commitments’.

[kemche] 01/11/2024 18:59

The first tranche was issued recently and we are awaiting the next one imminently. And yes - that's how you use the word imminently.

[1waving] 01/11/2024 17:24

.
RNS today
" The meetings were focussed primarily on new business opportunities, but the unresolved matters surrounding the Court Judgment in our favour for $2.5m and our pending Arbitration award were necessarily raised."

Is Bell chasing two separate tranches of cash ? ----- Just one of the two would be sufficient for now !!!

We just need one tranche on time to really get going.

.

[kemche] 01/11/2024 16:06

Entities all over this now.

[kemche] 01/11/2024 15:30

Agreed Noirua. That is what we are seeing being played out now. Forward buying in anticipation of $400 million.

GLA LTHers!

[noirua] 01/11/2024 13:57

The market is balancing the RNS and previous news podcasts against the company's need for cash.
DRC will understand the need to regain the confidence of smaller companies after the smash-and-grab
tactics of Gecamines and Kamoto. The DRC Presidency is likely to restore fair play so companies can be
assured Gecamines will not grab their tenement.

[kemche] 01/11/2024 12:43

He desperately needs some forward buying in the face of the impending POW and CLN payments.

[kemche] 01/11/2024 12:33

1w, sounds eminently reasonable to me. I am presuming that due to the sheer opportunity at hand that Ettie thinks $2.5 billion value is attainable for RRR. One of the defining characteristics of our Ettie is his steadfast realism.

[backmarker] 01/11/2024 12:09

Or maybe RRR is favoured because they think we're such an astute company with so many successes under our belt.

[backmarker] 01/11/2024 12:05

Yes, the tight spread is only about 40% nominal, and about 25% in reality, for this much-loved and highly desirable stock.

[1waving] 01/11/2024 12:02

.
A very relevant section of what was posted a few days ago, 24th Oct.

1waving 24 Oct '24 - 12:54 - 19036 of 19084

Been looking at a few posts on LSE this morning.
Found this one of interest

Helpful

Posts: 14,088
Price: 0.0375
Overview Today 11:39

4. The invitation was to the Private Office of the Head of State. So it seems we are involved with a pet project of the President.

5. In one of his broadcasts, he mentions being a British company, not Chinese, Australian or Canadian. He was quite obviously suggesting that RRR has got itself in a niche where it is trusted in DRC.

6. Why would the Private Office want to deal with RRR or similar and why would it want to do a deal about revenue from the deal being allocated to a pet project?

7. The main thing is corruption. If RRR were to do a deal via the normal mechanisms, a parastatal like Gecamines would take a stake and royalties would be paid. The revenues would disappear into the general maw of expenditure and might make it nowhere near said "pet project".

8. He said an asset(s) similar in size and quality to Musonoi.

9. When we got Musonoi he said, 400,000 tonnes of copper and 24,000 tonnes of cobalt. Glencore paid $420mil for it via a backdoor deal. Musonoi grade was around 3%.

10. If the Private Office has a pet project then you would expect it to be substantial and so the amounts diverted to it would be substantial. Consequently, the Private Office needs a counter party that can deliver and is untainted by corruption and poor practice.

11. He says "immediate revenue": well that can only be either tailings or material previously mined and sat at surface. Immediate probably indicates the latter. Therefore the asset(s) are already known.

12. From the broadcast, it seems that they are close to Lubumbashi.


.

[1waving] 01/11/2024 11:55

.


Red Rock CEO Andrew Bell comments "We continue to prepare for the final award of the arbitration. In parallel, and never ceasing to emphasise that it is essential we demonstrate the ability to obtain justice and repatriate funds in this existing matter, ..... "

.

[digger2779] 01/11/2024 11:50

"What about the award monies due to us"..... oh looky over here there is some nice new shiny objects that may or may not come good. "Hmmm tell me more" "Throw in a sweet shop and I'm in"

[kemche] 01/11/2024 10:32

"The meetings were focussed primarily on new business opportunities, but...... our pending Arbitration award were necessarily raised."

Which is EXACTLY what Ettie had CLEARLY alluded to in various interviews and NON-RNSes. The meetings were mainly about "business opportunities" and not so much the award - although since he was there he thought he may as well mention it in passing.

But this is clearly good news because it adds another plate to our collection that he can now spin. What an operator! Bravo Sir!

[kemche] 01/11/2024 10:25

Tight spread as the MMs scramble for cheap stock. All sold out! 1p by COP???

This is huuge news!!!

Interview next, then termites, then post termites interview then - bingo!

GLA LTHers!

[kemche] 01/11/2024 10:20

The money is coming home. He will not leave the DRC without it.

Whoosh! NT to buy. I am going all in!

[noirua] 01/11/2024 10:13

01/11/2024 9:55am
RNS Non-Regulatory


RNS Number : 6246K
Red Rock Resources plc
01 November 2024

Red Rock Resources PLC

("Red Rock" or the "Company")

Update

1 November 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, further to announcements and RNS Reach announcements on 7th, 14th, 18th and 23rd October 2024, a further update in relation to its activities in the Democratic Republic of Congo ("DRC").


Since Monday 21st October a series of important meetings have taken place with institutions of the Presidency, and we expect to visit various locations on a return visit next week.


The meetings were focussed primarily on new business opportunities, but the unresolved matters surrounding the Court Judgment in our favour for $2.5m and our pending Arbitration award were necessarily raised.


A framework agreement has been signed with our local associate, Koto DRC SARL, under which
we would participate with them on an equal basis on a new project (the "JV"). This agreement is conditional upon, and its operational terms depend upon, the JV being allocated a suitable asset
or assets upon terms agreeable to the partners.


Red Rock CEO Andrew Bell comments "We continue to prepare for the final award of the
arbitration. In parallel, and never ceasing to emphasise that it is essential we demonstrate the
ability to obtain justice and repatriate funds in this existing matter, we have through the
relationships established in the country found ourselves in a position to move forward in a close
co-operation which is expected to lead to a new project opportunity.

[noirua] 31/10/2024 14:38

Red Rock Resources $15M DRC Arbitration & Upcoming Gold Production Plans


@StockBoxMedia
spoke to Andrew Bell, CEO
@RRR_RedRock
about the company’s recent activities in the Democratic Republic of Congo #DRC and operational
plans.

Listen below ⬇️


➡️ Andrew Bell highlighted ongoing arbitration over a $15 million dispute, with a final session
expected soon, noting the importance of resolution to maintain investment appeal in the region.

➡️ The company is preparing to begin gold production in Burkina Faso, West Africa, aiming for
operations before year-end, pending final equipment and visa approvals.