Red Rock Resources Share Price (RRR)

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Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc LSE:RRR London Ordinary Share GB00BYWKBV38 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
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  0.00 0.0% 0.375 1,089,930 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.35 0.40 0.375 0.375 0.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.70 -0.18 5
Last Trade Time Trade Type Trade Size Trade Price Currency
15:07:40 O 53,164 0.365 GBX
Related Shares
Glencore (GLEN), Rio Tinto (RIO), Shefa Gems (SEFA), African Battery Metals (ABM)

Red Rock Resources (RRR) Latest News

Red Rock Resources News

Date Time Source Headline
22/9/202214:30UKREGRed Rock Resources plc Acquisition of Berringa Gold Mine Complete
21/9/202220:02ALNCNewsTRADING UPDATES: AB Dynamics revenue up; SDI Group trades in line
21/9/202218:21UKREGRed Rock Resources plc Placing, Appointment of Joint Broker and TVR
05/9/202218:25ALNCNewsTRADING UPDATES: Bradda wins drilling approval; Oakley invests in vLex
05/9/202207:00UKREGRed Rock Resources plc Update on drilling at Bilbale
19/8/202211:37ALNCNewsIN BRIEF: Red Rock Resources issues GBP50,000 of convertible notes
19/8/202210:41UKREGRed Rock Resources plc Second Tranche of CLNs and Warrants
15/8/202216:12UKREGRed Rock Resources plc Result of Meeting
10/8/202211:10UKREGRed Rock Resources plc Director/PDMR Shareholding
08/8/202210:17UKREGRed Rock Resources plc Director/PDMR Shareholding
More Red Rock Resources News
Red Rock Resources Investors    Red Rock Resources Takeover Rumours

Red Rock Resources (RRR) Discussions and Chat

Red Rock Resources Forums and Chat

Date Time Title Posts
04/10/202211:13RED ROCK RESOURCES PLC - Information Thread13,048
15/6/202211:11Red Rock May 202244
22/5/202210:00MIGORI GOLD PROJECT in KENYA15
04/5/202218:41MUSONOI AREA 1 PE4962 - KAMUKONGO PE663 - KASOMBO SOUTH PE2360 - in Democratic R7
18/1/202117:31Red Rock Resources 201121,885

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Red Rock Resources (RRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:07:410.3753,164194.05O
13:12:180.375,47920.00O
11:53:370.35482,1611,699.62O
11:09:100.37100,000365.00O
09:37:570.3599,859352.00O
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Red Rock Resources (RRR) Top Chat Posts

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Posted at 03/10/2022 13:50 by mrmark1
RRR - Andrew Bell in a stock box interview a month ago already stated publicly the arbitration result has been indicated to them and the other party 'lost'.....implying RRR has won and awaiting it in writing. Risk/Reward is seriously in the reward camp at these levels.Cannot be long and I'm sure Andrew Bell will be flying to the DRC very soon. Just imagine a 7am RNS stating they have received the $10m funds. How would the market makers open up the RRR price. Crazy the price is at 0.4 and won't be for very long - buy people in my opinion
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Posted at 03/10/2022 10:01 by noirua
new_scally, This is the last post by #Torp below. As he suddenly stopped posting abruptly I would guess he must have become very ill or has passed - may he rest in peace. He did infer in this post that he was no longer a shareholder so I guess again he lost a considerable amount investing in Red Rock Resources PLC. RRR is a microcap explorer and like most of these companies, it's a gamble on drilling results and punts on other investments in my view. Torp - 20 Jul 2021 - 14:44:14 - 11155 of 13039 RED ROCK RESOURCES PLC - Information Thread - RRR I see the same old shysters are still trying to pump this utter POS unscrupulously, desperate to lure in the gullible to boost their positions. It has been and will always be imho a total sucker share. It simply moves from placing to placing to placing whilst Bell fritters away untold £millions on Admin and expenses. Hence there will rarely be shareholder value delivered IMHO. Yearly Amounts Spent On Admin 2012 - £2,275,786 2013 - £4,751,948 2014 - £1,563,808 2015 - £1,334,404 2016 - £758,351 2017 - £644,688 2018 - £849,518 2019 - £591,777 2020 - £597,000 That's where much of the money disappears to. All it needs is gullible people to keep buying the "jam tomorrow" stories. I'm so glad I am no longer one of those gullible saps. As well as placings the company just goes from one failed project to the next: Greenland Project - spent millions and eventually sold it off for just £1 Shoats Creek Oil - Project failed and was written off Steelmin Project - Went bust just after Bell loaned them another £1.1m etc etc etc Worse still the company began to engage in various loans and transactions which they failed to RNS to shareholders/markets. RRR conducted loans and transactions with Amulet Diamonds that were not RNS'd. Shareholders discovered 5 months later in a small paragraph in the Annual Report Bell loaned a further £1.1m to the failing Steelmin project which he didn't RNS. Simply appalling. Steelmin ceased operations in Sept 2018, RRR did not RNS this Steelmin went into Administration Feb 2019. RRR didn't RNS this event despite RRR having a 22% stake in the business. Frankly anyone who puts their cash into such a POS thoroughly deserves to lose their money. If loans and key events are not going to be RNS'd then I'd consider that I was investing blind. There are surely better AIM companies to go at without such ridiculous problems. DYOR
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Posted at 21/5/2022 12:39 by jlondon
What Musonoi case to take years per other thread? TWO COURT CASES in Congo, DRC have already been heard and RRR won both. So, the $5m from the partner of the Musonoi JV [JV 50.1% RRR] has to be enforced. The other $15m USD is waiting to be paid out per the Chairman of RRR in his latest interviews with Proactive Investors and Stockbox Media, post RRR Interim RNS of 29 Apr 2022? Mr Andrew Bell also mentioned that the $150-$250m Musonoi litigation case has to be taken outside the Congo [arbitration]? From the ENRC case wherein First Quantum [ref: DRC deposit] took it to international arbitration etc, it was settled and I posted it before so kindly check. From RRR, their Kenya Migori Gold project took some 1 1/2 years of litigation to get it back? Kindly check. LONDON SOUTH EAST FORUM RRR It was posted by specinvestor99 that 22m shares were traded. It is a huge amount given the trades are not many. The trades which can still can be seen on that forum shows big sized trades going through but yet LIVE price has not dropped much. I checked the live price close to the market end, Fri, 20 May 2022 and the advertised price is not live price. ONLY THOSE WITH SHARES IN RRR CAN CHECK LIVE QUOTE /LIVE PRICE TO SELL [not advertised] . Anyone can check LIVE PRICE to buy if they have $$ in their account. Normal market size is 150,000. On London South East RRR stock forum,it was reported 450,000 shares bought and none sold. However, the trades of 3.7m etc etc were shown as late reported trades. At my broker, [largest listed], the MM was willing to take MORE than normal mkt size [NMS is 150,000] all at one go. So, appears there is LIQUIDITY? I have not taken a note of the earlier trades but TO EVERY SELLER, THERE IS A BUYER. So,have to wait and see if further comment from those who kept a note on the trades but suffice to say interesting. Sat, 21 May 2022 Chairman of RRR says they are looking for a JV partner for Kenya Migori so going with what the RRR Chairman said in his latest Stockbox Media Interview. Kindly check as this is from recall. DYOR. Please do due diligence.
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Posted at 13/5/2022 14:11 by jlondon
------------JUNO ON ASX RE: MT IDA, RNS/ANN 28 Apr 2022------------- Last night I checked the major shareholders of Juno. I found that 2 individuals own some 10% region [+] of Juno each. Down the line was also a fund and the names also appear to concur with the 2 individuals? What led me to look at who were the major shareholders was that some 60%+ of Juno shares are NOT in public hands which is quite high. The mkt cap of Juno hovers around A$15-17 million and one can see how UNDER-VALUED the stock is in relation to the 2 assets ie Mt Ida and Mt Mason, the latter ready for an Final Investment decision and Mt Ida with 70% of the DFS ready already BUT AT A COST OF $50M. The mkt cap itself is nearly 1/2 that of the MT IDA DFS which is only 70% completed. This appears rather strange and hence the under-valuation perception in that the Mt IDA DFS cost alone is MORE THAN JUNO's mkt cap as said above. If one goes to Hotcopper Juno, NO ONE IS POSTING NEWS OR ANYTHING TO DO WITH THE CO so KNOWLEDGE IS POWER as they say. That is why I am researching for myself every asset/s RRR owns or JV etc in order to form a clearer picture for each one to DECIDE for themselves. NOIRUA I can see his post of today, 13.5.22 when I check in and he/she is saying RRR only has 2 lots of shares RRR can sell ie £430,000 [kindly check as this is only from recall]. These shares relate to POW AND JUNO. I have not check these figures and the date of mark-to-market. Noirua does NOT post that the "MONEY BACK FROM CONGO" [verbatim from Andrew Bell, Chairman of RRR said via an interview with Proactive [irons in the fire] after RRR's Interim results RNS, also of 29 Apr 2022 relating to $5m + $15m [50.1% to RRR] of which Mr Bell will go to Congo to resolve? The RRR Interim RNS, 29.4.22 updates on Congo. Hence, it is important to post ALL THE FACTS rather than SOME OF THE FACTS? When I researched RRR, it took me back to 1 page from ADVFN RRR of 2019 and I see Noirua is talking of RRR in more glowing terms or that is my perception so much so another pillar [name I wont mention] calls him/her a roomper. I see this pillar can in fact ARTICULATE in proper speak then rather than the new style? Noirua now says that he/she looks to another co for COMPETENCY ETC. I wont name the co but one can look at his/her post. I hate to remind Noirua that as YET NO MAJOR DISCOVERY HAS BEEN FOUND and hence, they are still early exploration assets of which there is no JORC. Always look at a co's BALANCE SHEET to see ASSETS $$$ rather than just competency etc? One as norm needs HARD ASSETS and preferably with JORC. RRR's Mousoni, Kenya Gold at Migori and Mt Ida [see Zak Mir's interview in my post above] are more mature assets- so much so, Mousoni was said to have been flipped per Mr Bell's said interview of 29.4.22. Let the OFFICIAL RECORDS ALSO RECORD THAT 2MEX AND MYSELF showed links to Mr Bell's US$250m "fit for" mention relating to LITIGATION OUTSIDE CONGO for Musoni. 2Mex took the RRR INTERIM RESULTS OF 29.4.22 AND POSTED THE PRINT OUT RELATING TO CONGO AND ALSO THE VERBATIM TRANSLATED RELATING TO CONGO AND THE $250M which was from Mr Bell himself. Noirua posted on ADVFN warning newbies to call the RRR relating to the $250m saying it is "lies" etc and the sentence looks like the FSA warning about "misleading" info. It is recorded that AFTER BEING SHOWN THE EVIDENCE from RRR's RNS OF INTERIM RESULTS DATED 29 APR 2022 AND MR BELL'S FOLLOW UP INTERVIEW, Noirua has not apologised? I think both 2Mex and myself recognised [or myself at least] that such assertions from Noirua had to be answered in full in PREP OF GOING TO THE FSA given the wording of Noirua. -I would think Noirua should READ RRR RNS' S AND LISTEN TO THE INTERVIEWS FROM MR BELL, CHAIRMAN OF RRR BEFORE MAKING ASSERTIONS prior to making assertions?.- The share price is NOT GOING ANYWAY and in a rule of law, it is always advisable everyone has INFORMATION rather than being in the dark. INFO IS LEFT TO EVERYONE TO DECIDE FOR THEMSELVES. I also read that the BIG SHAREHOLDERS DONT WANT A PLACING and from what I can see, I have checked quickly but have not gone into detail of the last placing but I saw one done last year in Feb 2021. I have to CHECK if there were any more after that. I cannot provide warranty as to how the funding is going forward and given there are hardly any TRADES in RRR shares today, then it would suggest to me that no one is interested in RRR or they are waiting to see. like other stocks, how RRR is going forward. DYOR. Do due diligence and check. J.London, Fri, 13 May 2022. Posting for completeness. Not editing. Caveat: As it appears. I have not gone thro everything given I am not a legacy shareholder of RRR.
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Posted at 13/5/2022 11:46 by jlondon
RRR share price 0.4p to sell and 0.45p/0.5p to buy [advertised]. Live price quote: 0.401p to buy [same as yesterday] 0.4235p to buy [yesterday 0.4237p to buy] So, live quote the same as it has been for DAYS since I started research on RRR. --------------NO TRADES TODAY when I looked at London South East RRR forum earlier today.------NO ONE LOST MONEY BUYING on any research info starting period including myself except for SPREAD as norm.---- Fri, 13 May 2022.
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Posted at 12/5/2022 16:07 by jlondon
RRR share price: 0.4p to sell and 0.45p to buy [advertised]. Dummy live quote to sell 0.401p and to buy 0.4237p. Thur, 12 May 2022 @4:07pm. Has been the SAME for days at this live price.
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Posted at 11/5/2022 12:37 by jlondon
kemche 11 May 2022 #12389 FOR THE AVOIDANCE OF DOUBT Investors from GKP rang the FSA and that answer was posted on the forum. So, I am repeating what was said. However, you can check by ringing the FSA. I think you are missing the point. If x rings the FSA about a stock,they want to check the broker note and they can take it from there. Pi's dont have that licence do they. Look at the Baconora Lithium takeover? The pi's took the NPV of Ventana [Baconora] plus what was licences of which NPV was done by Lenigas and then quoted that the share was worth £5. I saw it on the Daily Telegraph. So, no wonder why the FSA will ask for the broker report to see what it says before they look into anything as the brokers are licenced and qualified but private investors do BACK-OF ENVELOPE calculations. RRR came to market [IPO] according to the listing documents in 2005. So, it is now 17 years since inception on the London Stock Exchange AIM> You quoted: "Fleeced over the 17 years" ? Surely, you cant have been here for 17 years? Maybe, you may have been here for 17 years so that means that during the period of First Equity's BROKER NOTE stating that RRR went from 1p to 20p [Jupiter time], you didnt GET RICH like Paul Johnson? Another poster in recent times on RRR informed us on this forum that Paul Johnson made his "fortune" of some £750k to £1m. Paul himself said he had very little capital in a recent Stockbox Media interview. From recall, he said he had £7,500 as capital only some time back? Paul then went on to re-structure co's like METAL TIGER and GGP and look how successful they have been. WHAT ABOUT ANDREW BELL AT GREATLAND GOLD AS CHAIRMAN [Paul Johnson, CEO] who did the placing at some 0.10p and Greatland Gold went to 40p in recent times, all a few short years since the drilling of Havieron, now JV with Newcrest. WHO CAN ONE BLAME OR WHAT WENT WRONG? [General Question for all stocks] If indeed it is true, you were here for 17 years and not just speaking in general, then WHAT HAPPENED? I am sure many made huge profits at RRR for the share price to go from 1p to 20p. NO ONE IS "R" ANYONE IN. LETS GET THAT CLEAR FOR THE AVOIDANCE OF DOUBT. WE ARE DOING SOME RESEARCH ON WHERE THE ASSETS OF RRR ARE AT. Isnt the header on this forum at the top DOING THE SAME except it has NOT BEEN updated for say Mt Ida and still quoting 1.23bt tonnes but the latest Juno interims of Mar 2022 state 1.85bn tonnes, a BIG DIFFERENCE. KEMCHE- With the greatest of respect, I think you are not correct in your assertions and for balance I have provided the answer. The other day, I looked at ADVFN U K O G plc? Dont they say the same things [kinda of] for UKOG plc as well. Look at the other UKOG forum. Same things. On ADVFN UKOG some days ago, I saw Kemche being so effusive about UKOG or that was my perception of what you posted ie about riding on carpets-appears you were over the moon over UKOG? So, are you also not leading others to think its carpet riding time at UKOG? I dont know so just asking? WHY KEMCHE ? All of us are fellow INVESTORS and A community. Why the ....? Hope you can enlighten us? I think the convo will never end. Lets leave it at that but I have provided my balanced view. YOU DO NOT TAKE NOTE THAT NOIRUA HAS TYPED UP A LONG HEADER AT THE TOP PAGE WITH OLD RESEARCH NOTES BECAUSE THERE HAVE BEEN A LOT OF UPDATES NOT PUT UP, HENCE I AM MERELY POSTING THE UPDATES WHERE APPLICABLE. WHY TAKE EXCEPTION only to me? Answers on a postcard. J.London, 11 May 2022. FOR DISCLOSURE: The RRR that I purchased [not a lot] since my research have NOT f a l l e n or risen. Why? The MM's via live price are keeping it at some 0.41p area to sell and 0.42p area to buy although it changes to say 0.43p to buy at different times and 0.42+p to buy and then it goes back to mean again. SO, NO ONE IS LOSING 1 PENNY INCLUDING ME. The shares of RRR are what they call MARKING TIME until NEWS of any substantive nature as norm. Chart wise, it is MOVING SIDEWAY ie not up, not down in any meaningful way. However, due to the spread, there is a difference plus the broker 's commission. EVIDENCE IS THERE ON THE CHARTS and on the London Stock Exchange AIM site ----all historical can be CHECKED BACK over the last days since RRR's Interims of 29.4.22 and Andrew Bell, Chairman, RRR's follow up interview with Proactive. Why the long discourse? Its your to and fro. You have your say and we investors have ours. No need to take exception to us new investors, surely? ============NO LOSS TO ANYONE OVER THIS SHORT PERIOD when research started to update on what is the current status of RRR's assets/exploration.======[see above]==== P.S. One poster has just posted what I posted from Bloomberg about the Chinese "TEAM UP FOR LITHIUM RUSH" onto the PREM other forum and no one OBJECTS as everyone wants news about ZIMBABWE LITHIUM. So, why the objection/s here about news info?
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Posted at 11/5/2022 11:45 by jlondon
#12380 RED ROCK RESOURCES[RRR] - 11 May 2022 RRR has just issued an INTERIMS results RNS dated 29 Apr 2022 & followed up with an interview by Andrew Bell, Chairman to update further on their interims. ==ASSETS ON THE BALANCE SHEET @Interims, 29 Apr 2022== There are 2 figures shown for ASSETS/Exploration at some £ 1 3 Million and I recall another sub at £17m. I will check later again. There is NO breakdown of the assets as norm. However, Mr Bell said in passing in one of the recent interview [Stockbox Media or Proactive] that the CONGO asset is on the books for £590,000 range. So, it has already been written down as required & norm. I take this to mean Musonoi, DRC which is the subject of much interest. So, if there is the settlement of $5m + $15m [USD & 50.1% to RRR] , it would be SUBSTANTIVE give RRR market cap is now £5m @0.4p. The RRR share price is NOT moving and has been for days now at the same price live to buy/sell. ------------ALL A S S E T S HAVE V A L U E ------------- Share price: A lot has also to do with sentiment, news flow etc, commodity cycles, and country news flow of the particular asset. [1]BOOK VALUE IN THE BALANCE SHEET Example already given as above. The Amur Minerals RNS spelt this DISTINCT clearly ie Kun Marie nickel deposit were on the books at some $24m+ but sold for US$105m. [2]OFFER PRICE Offer price say of the Kun Marie deposit [6.5.22] is reflective that nickel is a battery metal in demand and the offer price was in a range done by an INDEPENDENT VALUATION REPORT based on what is required by the regulators as "FAIR PRICE" taking into account what other SIMILAR DEALS WENT FOR [MERGERS & ACQUISITIONS]. [3]WHY THE UNDER-VALUATION BY SHAREHOLDERS? If one visits the forums, there is endless chatter of the CEO and 101 reasons about the nickel negatives etc. Obviously, someone BOUGHT IT FOR US$105M and they intend at some stage to DEVELOP IT or sell it on. SO, THE TECHNICAL SCOPING STUDY etc is well understood by COMMERCIAL buyers ----------rather than concentrating on the CEO and ===NOT the ASSET.=== [4] WHY THE UNDER-PERFORMANCE OF THE SHARE PRICE As said because in the end, when the COMMODITY CYCLE TURNED OR TURNING POINT, V A L U E OUTED. [5] WHY MUST RESEARCH BE DONE? Co's like RRR have a suite of ASSETS at book value. Back of the envelope calculations are no good given that they are not done properly to reflect what M & A would assign to it. So, the authority of the licenced [FSA] broker 's VALUE placed can be of interest. If one rings the FSA, they will ask what did the broker report say? EVERY SINGLE ASSET must be brought UP-TO-DATE eg broker valuation preferably by more than 1. If one likes, one can take the lower estimate to have a margin of safety. STOCK MARKET GAME This is what it is about. In other exploration plays, they are PURE SPECULATION. IF the drilling does NOT come up with a major deposit, then, its zilch. Often, unless a deposit is within a Tier 1 or soft Tier 1 bordering on Tier 2, it is hard to ATTRACT major players to buy or get capex during periods of capital markets CLOSED. ANDREW BELL The projects quoted by post #12380, 11 May 2022 are of the DISTANT past of which NONE of us were here. Today, is 11 May 2022 and ON THE BOOKS [Balance Sheet and 29.4.22 Interims, it is stated to be £13m]. This is of interest ie A S S E T S. Any CEO is hampered by the cycle, prices and interest. Any examples? Yes, Solgold had been in the Solomon Islands and that project did NOT take off so the share price collapsed. How many other projects they had, I dont know. At that point, they found a new project at Cascabel [JV to a max of 85%]. Well, history shows they hit a potential Tier 1 and a/c the MKT CAP is £500m+ and at one stage £800m region. From the time of raising capital to start at Cascabel at 1.5p/2p [£8m mkt cap], the share price went up to 44p. A/c, BHP and Newcrest bought stakes in Solgold. Same story for Greatland Gold, again, 1.3p to 40p. Again, failed exploration at Ernest Giles prior to Havieron success and again, a potential Tier 1 find. Again, Newcrest is the JV partner. --------------------These are exploration plays and risk high.-------------- RRR ===ASSETS==== RRR carries NO 100% EXPLORATION RISK at this time AT: [1] MUSONOI COBALT-COPPER, DRC [50.1%] A/c to Mr Bell, it was "flipped for US$250m" and sold for US$20m [$5m+$20m] by the JV. [2] Mt Ida Royalty, Western Australia iron ore. Once in production etc [see details of that agreement], it could bring in US$11m a year. A/c to the Juno MD, Mr Durack he cited 1.85bn tonnes @Interims,Mar 2022. hxxps://hotcopper.com.au/asx/juno/ Again, a potential tier 1. Mt Ida and Mt Mason [plus 2 others] were in the ORIGINAL ADMISSION DOCUMENT for RRR. [3] Kenya-Migori As and when the gold price is at US$2,000 or more, then M & A or JV's could hot up. I cited Edison and SI Capital on this so wont repeat. RRR is looking for a JV partner. Chinese were interested and were going to travel to Migori re: JV or sale but Covid prevent them a/c to RRR's info. So, kindly check. [4] POW shares [25m] JUNO shares 1.4m Elephant IPO shares Ballarat Gold IPO [JV]-this has been delayed as I understand due to interest in Victoria gold. [5] Zimbabwe Lithium RRR got a good licence at Arcturus which is the area Acadia were in [Acadia was sold to Huayou for US$422m recently] and Bikita. American high net worth investors bought into RRR's subsidiary at 10% for US$100k. [6] The rest I have not got up to speed yet but it would have been easier if I could get a breakdown of the £13m assets and then it can be either IMPAIRED, REVALUED as is norm for self only. This was my own mission and it is something everyone should do relating to ANY CO ONE IS INVESTED IN. -------------YES, EVERYTHING NEEDS TO BE CUT DOWN TO $$$ AND WHAT IT COULD FETCH ON THE OPEN MARKET AT FAIR VALUE.--------------- Whether it is GE, LLOYS, SHELL ETC, it is the same TECHNIQUE to be applied. Those who do it as a profession at whether Goldman, B of A, Morgan etc are sizing up income, liabilities, growth, P/E, EPS etc. ------More figures to dissect as it is based on INCOME dissection rather than ASSETS ONLY for co's like RRR. RRR - EXECUTION RISK, the assets are from legacy days. CLON- Lots of interest but exploration risk - 0 or near 0 TECHNICALLY if they dont hit gas. There is NO interest in RRR as there are only 3 trades and NO ONE need to invest at all until they see what they are looking for. DYOR/Do due diligence. Every co has to be dissected and that was what I was trying to do for self and shared what I found. So, at a time no one is interested, no one can say its tis or dat as its free to discuss amongst ourself whether one is invested or not. I go thru many co's and if there is any change, I accordingly re-calibrate. Hard as the minute a major change, $$$ has to be re-calculated. No one can afford to sit on any investment. Hope that explains RRR or any other stock. Only invest what can afford to lose is the motto for ALL stocks. Look at the FANG stocks and the tumble in recent times due to the downturn of the market. 11.5.22 Not editing as rushing off for lunch.
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Posted at 10/5/2022 17:52 by jlondon
"Amur Minerals" #AMC RNS, 6 May 2022: "PROPOSED SALE OF KUN MARIE PROJECT." "Sold total consideration US$105 million to be completed in a series of payments. The divesture price represents a premium of 22% of the co's mkt cap of 5 May 2022 [£26.2m] & 330% of the CURRENT Kun Mari BOOK VALUE of $24.4m as at 30 June 2021 in Amur INTERIMS financials. The closing price on 5 May 2022 was 1.91p per share. A FAIR MARKET V A L U E was derived by Medea Natural Resources with a range from U$106m to US $131 million based on AN ASSESSMENT of INTERNATIONAL TRANSACTIONS for SIMILAR SIZED NICKEL equivalent projects. Given current volatile mkt conditions & that the project is located WITHIN RUSSIA, the transaction falls at the LOWER LIMIT of the INDEPENDENT DERIVED FMV." Note: [1] All assets eg nickel when sold [or in this case an offer made to Amur], it must go for INDEPENDENT VALUATION to determine "FAIR VALUE." [2] Amur mentions "BOOK VALUE" of $24.4m as at 30.6.21 in Amur's interim financials. [3]Prices are always within a SHORT RANGE ie US$106m to US$131m and it explains mkt volatility and country risk ie within Russia means, LOWER RANGE was offered at US$106m. Comment: Why am I posting about Amur when this is RRR. It is important to provide back-up for one says ie VALUE/VALUATION. [1] Look at RRR INTERIMS of 29 Apr 2022 - there are 2 figures for ASSETS[EXPLORATION] at £13m and £17m [split]. RRR does NOT give breakdown so this is an important figure to keep in mind. One also has to deduce the smallish debt. [2] Fair value always means that it has to be sent to be VALUED vs SIMILAR PROJECTS and to derive value. Hence,why I mention RRR-Juno Mt Ida vs other major iron ore deposits to see how big is Juno's potential Tier 1 and others. -------------So, hope it helps in order that any investor of RRR may also use this same method to assess RRR's suite of exploration-assets-deposits with clarity and to know if they are going to be JV'ed, sold or how to obtain value. Every RRR RNS can then be scrutinised for this. Questions can be put to Mr Bell via the AGM or email so that one can get clarification. Applies to all co's as if one doesnt ask, then one will not know. --In the end, ONLY THE ASSET VALUE MATTERS [Book Value in the financials under assets] vs INTERNATIONAL asset sale/s in that commodity and similar size.--- ===THAT IS THE EXIT STRATEGY ONE IS LOOKING FOR & PROVIDES SOME UNDERPIN? For this reason, I extracted values of the RRR assets, NOT ONLY BOOK VALUE [no breakdown] but also from SI Capital, Edison and Align Research for "value/valuation" to get an idea of value of EACH asset.--- Hope to drop by as and when Mr Bell surprises us investors with a sale of which one can hope for given he said he can always sell something instead of doing the normal type funding or placing. I gather the big shareholders dont want funding this way so maybe they too want sales or divesture etc. AMUR will now become a SHELL after the sale of their main project, the KUN MARIE. I believe they have x months to look for another project etc to remain listed. RRR doesnt have that issue as it has many projects and is therefore NOT selling their only 1 main asset. With thanks. J.London Tues, 10 May 2022. Not editing as have to have dinner.
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Posted at 10/5/2022 10:20 by jlondon
----------FOR THE AVOIDANCE OF DOUBT---------------- #12351 -What has been posted is BACKED UP by titles to check or links. The valuations comes from Edison broker note of the RRR assets or SI Capital. I refer for further details to London South East RRR.PL to the links/title of articles etc. No one has disputed any of the details given they are from RRR themselves or from broker notes or from articles. ----------Example: Header states Mt Ida at 1.23bn tonnes of iron ore & link is to Juno. Juno Mar 2022 Interim RNS- Mr Durack, MD stated 1.85 bn tonnes. So, header is not updated and a RNS/Ann cant be disputed. Link: hxxps://hotcopper.com.au/asx/juno/ to Juno RNS, Mar 2022 Interims.--- Noirua, 10 May 2022 #12349 :"Quite a lot of info posted here in recent..is wrong, mixed up and confused." I note that you last quoted a map from RRR relating to Musonoi, DRC copper and cobalt and you told me that it is 1/2 the property and the rest in water? All that is shown is a block of the licence and the logo. No where is it stated by RRR on the website is in 1/2 and in water kinda of thing. -----------Invitation to you, Noirua for us to go to Andrew Bell, Chairman, RRR to verify the details as I quoted from RRR themselves relating to RRR's Consultant Geo re: Situ in value of the in the ground value of US$125bn. -WE NEED TO GET THE INFO RIGHT FOR ALL RRR HOLDERS---Thanks. J.London, 10 May 2022.
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