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It's why Bell came on here to say the charge with Prime Resources has been satisfied.
We won't know about a new one until they lodge the details at companies House. Let hope they do that in a timely fashion and the gap between the date on the charge and the filing is not too long :)
I suspect for the now borrowing on the strength of an asset charge rather that a share issue but we can't complain. I'm guessing major holders wanted too much of a discount on placing.
Be good to get promised updates on DRC and Lithium before we forget then:)
Https://twitter.com/jczuleta/status/1762353703166640260?t=bVoz07QMqsrv_aW2THveAQ&s=19
DYOR
Sam Mahendran & his team (Willem Smuts & Dirk Benade) seem to be involved in most of Red Rock projects. They certainly were in Zimbabwe.
https://twitter.com/RRR_RedRock/status/1714228370878218263
Here they were the other week:
https://twitter.com/RRR_RedRock/status/1756053889168675311
https://twitter.com/RRR_RedRock/status/1754512108786512296
Red Rock have never detailed the exact business relationship they have with Sam Mahendran. All these services and equipment he offers Red Rock i suspect in the future will be costing Red Rock a lot of money.
Indeed, H5O'' good post'' anyway'' look like someone ? has already put in his 7m sell order from last night for 8AM expecting a good start back to 0.11p LOL!!
HIS LOST'' as MM will start the rise a bit later.. BAHHH''
we will see
H5O, this is transformational. FML will he generating significant cashflow pretty quickly.
The proof of the puffing etc.... In the RNS the NOMAD requires all the caveats and we have an exploration license not a production licence so those caveats need to go in, hence trial.
DYOR
It's called a placing
"Both parties will be making contributions, and our further potential commitment in this phase is limited to £150,000 to £200,000.
We consider that OUR CURRENT RESOURCES AND FACILITIES, and indications of support we have received, will enable us to meet this spend."
....
I didn't realise Red Rock had a present credit facility. It must not have been announced.
I wonder who they have taken that out with?
H5O he said in Chairman's statement no DRC and no Lithium he would instigate cost saving measures and asset sales. That was three months ago and this is the exact opposite of that. Let's hope there is a lot more.
If the ground is gold rich then alluvial gold mining is not that difficult if you know what you are doing, a similar operation to what RRR is planning was set up by XTR in Mozambique where the operator paid the costs for a lions share of the gold, however XTR did receive around $300k a quarter for their % interest.
Who knows what will happen, for sure the price of gold will not be an issue like the lithium exports which might have worked if the price had not plummeted.
From what AB retorted in those X posts it seems this is not the only 'event' that is on the radar so maybe we are entering a news rich period, AB said February would be a transformational month for RRR, we are still waiting !
We will commit a maximum of £200k towards the project "if no good Riverstone will try somewhere else xxx
Look like it was the gold after all HP'' LOL!! i was not sure what was coming when i post that thread yesterday, but i had a feeling something positive was coming, and it's all good, perhaps the DRC cash next... then the Lithium ? FK KNOWS
you are welcome to change the thread above, M8''
i hope MR BLACK is still sleeping and never see this RNS LOL!! as he will sell back that extra 1% he bought the other day for sure, on any rise today Sheeeeeee say nothing'' don't tell him'' don't wake him up''
Same zhit different day.
TDT
Did I miss something today? After HO's post about AB, all the chief/s have gone? Only little ole us here? Chief /s as in
the regular/s? Mon, 26 Feb 2024.
Well the SP held its level even though there was a bit of selling. It probably means that there will be some late reported trades.
Fingers crossed it means we have news inbound.
DYOR
Message to the BOD we need HNWI that is willing to hold for more than a day LOL!! and don't beat on the price as soon as it rise, it's pointless someone excite the Market buying more than he / she can afford to lose by declaring an 8.7% holding only to sell back half of it few days later dropping the price back from the 0.1125 - 0.1350 it should be right now'' making it impossible to hold on to any gain with him around, as he is just a day trader IMO that happens to get wind of when news is due before us, MR BLACK is a plant IMO, and could be the one selling 7m / 6m /5m worth today'' unless they were delayed buys ? anyway I will not be happy until he is out completely... or only got 1% so he can do no harm..
Nice one for your input NEWS, and as always your cryptic posts never fails to amaze me, but always welcome..
my only hope it that MR BLACK don't go and spoil the timeline again by adding to his holding, and just be happy with this newly acquired 1% otherwise it will no doubt hold up proceedings for another few days..
still hope we get something positive before Friday'' but if not the wait continues...
REGARDS...
Helpful- I have no doubt that AB is busy but is it productive? RRR has multiple projects located in mutliple countries so of course he is busy.
I dont place much importance on documents circulated (it could be next week's daily staff lunch meal), meetings and logistics that could be something comparable to meeting in Dubai with Chinese lithium buyers (that went nowhere)
AB's comments on X are vague and therefore not important or particularly relevant. If he is planning a trip with meeting in Congo then put out an RNS which wills serve as the promised update.
Note I continue to hold shares and believe the cash from the Congo will be received but your comments are not balanced and too much cheerleading particularly given your position as a lender and material ownership of various interests within RRR
Where is promised RNS on update on Congo cash? No update is a self inflicted wound on his credibility.
Red Rock Resources AGM was held in London on 16 Feb 2024.
All resolutions passed ie 1 - 5.
LIGHTS STILL ON AT RED ROCK RESOURCES - long may it last.
Important to declare WINNER , that is RRR. The strength of one's ANALYSIS must be TESTED against evidence. Today, that evidence is in & RRR is up 13.79%, Mon 26 Feb 2024.
And the prize for dumbest post not originating from Zumore or Boring Boy goes to .........DVD.
https://fullfocus.co/100-hour-workweek/
DYOR
Thanks for that H50'' Relevant as to real investors conversation indeed'' but we will try not to speculate too much until something is official, otherwise we won't get a minutes peace from the undecided...
ATB
It's results achieved rather than hours worked that he will be measured by. News well overdue...
RRR share price is +13.79% ---for evidence, look at this London South East page RRR.
AGM took place, Article 4 passed.
No 0.06p share to buy at RRR per the resident poster?
So, winner declared today, Mon 26 Feb 2024, long past the AGM Authority to Issue etc: RRR. LoL.
H50 yep he was in meetings till 5am on Saturday night and 1am last night.
The trolls don't understand, the man works his goolies off. I couldn't do the hours he does.
"and two documents drafted and circulated for comment." I wonder what documents they might be.......
DYOR
Add number 10 to the list ... Turning the lights off