Red Rock Resources Share Discussion Threads

[kemche] 13/12/2024 15:42

£1.1m lobbed on to trade payables. £38k in cash.

[kemche] 13/12/2024 15:40

Zilch in the balance sheet for Lithium! Where the F did it go???? Was it also stolen from RRR??? Why do bad things keep happening to Ettie?????

[kemche] 13/12/2024 15:38

So £200k borrowed at a cost of £365k per year. I thought Wonga had gone bust????

A grand a day!!!!! WTF???

[kemche] 13/12/2024 15:34

"We have also reached out to certain persons who can bring VUP to the table, and believe we have the outline of an agreement, though we wait for a date where we might meet to sign. Our preference is to sign a settlement in front of the Chief of Staff's office, since that would carry its own enforcement and completion mechanisms, but the latter office acts slowly though we have promises that a concluding session will be called imminently. A private ceremony is also possible."

Imminent possibility!

[kemche] 13/12/2024 15:25

Note 19 and the full horror:

Movement in ordinary shares

Number

Nominal

£'000

As at 30 June 2022 - ordinary shares of £0.0001 each

1,256,147,238

126

Issued on 27 Sep 2022 at 0.4 pence per share (allotment for cash)

40,000,000

4

Issued on 19 Dec 2022 at 0.1 pence per share (non-cash)

28,000,000

3

Issued on 19 Dec 2022 at 0.2829 pence per share (non-cash)

17,000,000

2

Issued on 2 Mar 2023 at 0.25 pence per share (non-cash)

26,753,616

3

Issued on 13 April 2023 at 0.18 pence per share (allotment for cash)

56,487,601

6

Issued on 19 April 2023 for 0.1661 pence per share (non-cash)

123,888,888

12

Issued on 11 May 2023 for 0.15741 pence per share (non-cash)

15,055,706

2

Issued on 18 May 2023 for 0.1425 pence per share (allotment for cash)

19,176,965

2

Issued on 18 May 2023 for 0.185 pence per share (non-cash, SIP)

376,028,070

38

Issued on 18 May 2023 for 0.21 pence per share (non-cash, SIP)

11,675,670

1

Issued on 31 May 2023 for 0.1298 pence per share (non-cash)

12,836,559

1

Issued on 5 June 2023 for 0.1425 pence per share (non-cash)

43,781,746

4

Issued on 5 June 2023 for 0.11 pence per share (non-cash)

45,964,912

4

Issued on 27 June 2023 for 0.11385 pence per share (non-cash)

33,237,805

3

Issued on 27 June 2023 for 0.116908 pence per share (non-cash)

65,876,152

7

Issued on 27 June 2023 for 0.11 pence per share (non-cash)

23,657,440

2

Issued on 28 June 2023 for 0.1650 pence per share (allotment for cash)

110,029,423

11

Issued on 27 Sep 2022 at 0.4 pence per share (allotment for cash)

175,000,000

17

As at 30 June 2023 - ordinary shares of £0.0001 each

2,480,597,791

248

Issued on 10 Aug 2023 at 0.2 pence per share (non-cash)

63,500,000

6

Issued on 29 Aug 2023 at 0.2 pence per share (non-cash)

26,000,000

3

Issued on 18 Dec 2023 at 0.011 pence per share (allotment for cash)

100,000,000

10

Issued on 21 Dec 2023 at 0.0075 pence per share (allotment for cash)

666,666,667

66

Issued on 12 Feb 2024 at 0.00637 pence per share (non-cash)

211,482,353

21

Issued on 12 Apr 2024 at 0.0051 pence per share (allotment for cash)

509,804,000

51

Issued on 12 Apr 2024 for 0.06 pence per share (non-cash, SIP)

80,928,000

8

Issued on 18 June 2024 for 0.015 pence per share (non-cash, SIP)

166,666,667

17

As at 30 June 2024 - ordinary shares of £0.0001 each

4,305,645,478

430

[kemche] 13/12/2024 15:23

Where to even begin?????

Let's start with notes buried deep in the accounts:

Over the course of the year £1,050,000 was drawn on an existing loan facility with a high-net-worth investor. The facility attracts interest at 20% per annum and carries a 20% redemption fee and has been recognised in current borrowings.

· During the year a loan from a high net worth investor of £50,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 30% and has been recognised in current borrowings.

· During the year a loan from a high-net-worth investor of £150,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 25% and has been recognised in current borrowings.

· During the year a loan from a high-net worth investor of £100,000 remained drawn, carrying interest at 20% per annum if unpaid at redemption date and carries a 20% redemption fee and has been recognised in current borrowings.

· A $925,000 loan note (£756,000), recognised in non-current borrowings, remains payable to Kansai Ltd, which would complete the acquisition of the Mid Migori Gold project. Payment of this loan has been mutually agreed with Kansai to be delayed until the pending Democratic Republic of Congo legal claim has been resolved.

[noirua] 13/12/2024 13:58

Final Audited Results


The Group made a post-tax loss of £3.012 million (2023: loss of £2.953 million).
The Directors do not recommend the payment of a dividend.
The following financial statements are extracted from the audited financial statements,
which were approved by the Board of Directors and authorised for issuance on
12 December 2024.

CONCLUSION - We expect to generate cash from sales of assets and from court
and arbitration awards over the next few months.

The Company remains fairly highly indebted, as it has sought to maintain a portfolio
of what is considers to be high quality exploration assets while waiting for a major,
and excessively delayed, liquidity event in the DRC. It will be important to address
this either by sourcing substantial funds by compensation awards and sales, or by
negotiating farm ins, or by sales of
significant but non-core assets.

A continuing strong gold price may help us in this regard, and the combination of
strong gold and a weak Australian dollar is likely in particular to create additional
local investment and market interest in the Australian gold sector, providing potential
opportunities to finance drilling with local capital.

We are now making sales of gold a current priority, and a key operational task at
present is to develop our operations in Burkina Faso and elsewhere to generate a
steady stream of income.

[noirua] 13/12/2024 13:50

Sunday Creek


Kilmore appears close to Sunday Creek but distances are easily deceiving in vast Australia.

[noirua] 13/12/2024 12:02

As often before the waiting game to possible riches is being played. Part of this is that
if $10m+ arrives the shares will rocket. The however factor is whether a large cash
raising in whatever form is the real hidden play here. Against that is whether RRR might
be genuine this time out, and about to grasp the dough. As always it is your call to
remember the three-card trick catches some every time - in Red Rock's case most every time.

[kemche] 13/12/2024 10:07

Spare a thought for poor Mike/Rob who will be shovelling away during the festive period deep in the jungle of BF.

Do termites take a festive break? Has the cheque cleared yet?

So much to look forward to!

[kemche] 12/12/2024 10:06

Has the porker recovered from flu yet?

[highley1] 11/12/2024 17:05

Just a small doffererence!


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.


The 166,666,667 RRR warrants issued to POW and expiring three years after the date of issue will be repriced to an exercise price of 0.041 pence each.

[backmarker] 11/12/2024 13:52

Does anyone remember what the warrant exercise price was previously? Another bit of info that has been conveniently left out.

[kemche] 11/12/2024 11:14

It's all about Mt flippin' Ada - again.

[noirua] 11/12/2024 11:07

Mount Ida with Gina Rinehart next door.

[kemche] 11/12/2024 11:05

"The liabilities of New Ballarat Gold Corperation (NBGC). Otherwise known as RRAL

Guess what RRR don't want us SHs to know them so have not published accounts. They were due 31st March 2024 and are now in the striking off process."

Because Ettie is rushed off his feet. AND he has got the flu. Cut him some slack for gawd's sake.

[kemche] 11/12/2024 11:02

Why is it NEVER about LUANSHIMBA and KIMONO????

[kemche] 11/12/2024 10:58

Gina could launch a cheeky A$ 1 billion offer for NBGC to tempt Ettie but I suspect she will be shown the door. Crafty mare!

[kemche] 11/12/2024 10:55

"cheer up you miserable lot it may never happen.."

Just because it hasn't happened for the last 20 years doesn't mean it won't happen. Cheeky pertinent sod!

Maidit - filtered!

[kemche] 11/12/2024 10:44

"do not want back 49.9% of NBGC." Their loss is our gain. Sunday Creek will not want a giant in the making parked nextdoor to them with a possible 7000 g/t bonanza strike stealing their thunder. Which in turn will stir Rick Rule, Pierre Lassonde, Gina Reinhard and Rob Rinder from their slumber. Being nextdoor, ECR with the Doc and Nick Tulloch (bonanza grades declared this morning) will be forced to declare their hand. That in turn will spur our so far supine consultant Leni into frenzied action. And all the while the likes of Glen, Rio, Anglo, BHP etc are just supposed to sit there????

He played the long game but after 20 years Ettie has hit pay dirt! 2025 will be his year. A knighthood beckons.

[kemche] 11/12/2024 10:11

Hawaii - entities!!!

[kemche] 11/12/2024 09:00

1w, agreed. We can now get on with the matter at hand. And imminently so. The company certainly seems to be flush with cash without resorting to loans or forward buying. It will all become apparent in the accounts - eventually.

In the meantime Rob/Mike busy digging away in BF!

GLA LTHers!