Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Yup it might be great... drc is changing what it wants from outsiders..it's good for cobalt and copper... massive country ...as I said Jupiter and steelmin would be enough for me....
Do you realise the size of that cobalt deposit? DYOR and look at similar cobalt projects and the mcaps the companies behind such hold....
Magic. Do agree that Bell only seems to have had a yes button for deals in the past I don't like the drc deal and hope he shuts his case and walks away.... or at least renegotiate under threat of walking away....
You just don't get it do you? So thick and bitter it is laughable. Up the meds my friend. RRR is going to have it's time in the sun and I hope you stay around to witness it.....
"dont forget by 31st jan we are also due decision on cobalt deal" Why would any sane shareholder want this project to go ahead when it would bring dilution? "�490,000 payable in RRR shares at 0.65 pence a share, with attached 5 for 3 three year warrants" I make that about 75m shares that would be issued at that discount price of 0.65p. What would that do to the SP here?? Not forgetting that RRR would also need to make a cash payment of $700,000 to boot (�494k) !!
dont forget by 31st jan we are also due decision on cobalt deal "Further to the announcements of 26(th) September 2017 and 3 November 2017, the due diligence period on four or five copper/cobalt tailings near Kolwezi in the Democratic Republic of Congo has been further extended until 31 January 2018."
Nursey get me my meds, those naughty rampers are clearly pointing out that at sub �5m mcao with the assets RRR own it is grossly under valued. I keep pointing out previous failings and historic share issues yet these naughty folk keep stating actual facts about what they have against the market cap. Please tell them to stop it or up my meds. I will post all night you know..... Regards Magic.
"You cannot have it both ways." Not a case of having it both ways I'm afraid. Said before and will say it again, in 2013,2014 and 2015 RRR raised over �9m via various share issues. I'm still waiting for any of the shameless rampsters to highlight what shareholder value that �9m generated. What streams of mega income have been established with it?? Nada, zip, nowt. Can't even be bothered to tot up monies raised in 2016 and 2017 but the point stands. What value is added to shareholders from cash coming into the company coffers? Millions put into El Limon, little to no return Millions put into Greenland, little to no return Etc etc Ivory Coast, Candy Sweets, Cloud Computing, DBar Oil, Elephant Oil . . . It is what it is. The markets imo don't assign a sum of the parts MCAP here because they have seen years of available monies provide little shareholder value. RRR needs to, and has always needed to, establish good strong repeating income streams. It's lucky to have Jupiter throwing off cash at this time though of course much of that is countered by the �686k of Admin and Exploration expenses. But by all means do keep trying to polish the proverbial.
And those warrants if exercised average above todays share price and would bring in �2.68m in cash which of course would not be represented in the market cap. You cannot have it both ways.
Yup it's a confetti machine .. but news is due ... .
Since so many warrants are issued these days with placings and CLNs it's worth keeping track of how many are out there waiting to be turned into shares imo. Full list can be viewed here: https://www.rrrplc.com/investors/shareholder-information/overview/ Options ====== 13,320,000 exercisable at 0.45 pence - expires 28.01.2022 29,000,000 exercisable at 0.80 pence - expires 12.01.2023 Warrants ======= 8,333,333 exercisable at 0.90 pence - expires 03.09.2018 21,315,971 exercisable at 0.66 pence - expires 28.04.2018 97,023,801 exercisable at 0.84 pence - expires 13.11.2018 75,000,000 exercisable at 0.80 pence - expires 22.08.2018 20,000,000 exercisable at 2.20 pence - expires 20.06.2019 30,937,500 exercisable at 1.40 pence - expires 30.04.2019 7,812,500 exercisable at 1.60 pence - expires 20.12.2019 Those warrants alone total some 260m There are 499m shares currently in issue plus RRR now have authority to issue up to 500m more.
I bought in on the strength ( or weakness yet to be revealed) of Jupiter and steelmin ... wrote off everything else.....
Cheers m8 ... worst way i see this is they have to refinance the steelmin loan till yr end. Bell has paid to increase his holding I got in at 0.959 so there or thereabouts .. not sure about drc.... bag or two would be nice ...😃
Just laughable Graphite and way to go to bury posts you don't like pages back. I shall say again therefore: 1. Steelmin is NOT producing at this point and owes Euro 6.8m to RRR and other funders. Thus far it has failed to repay its debt to RRR and as a result RRR has had to start repaying its own $4.4m loan with YA and has already done 3 tranches of CLNs with warrants to fund that. A significant $2.8m is still outstanding. RRR previously stated production was expected Jan 2018, they are now saying March 2018. 2. Shoats Creek has been an utter damp squib, our partner operator Mayan Energy now wants to exit the field. Mayan CEO Eddie Gonzalez said (RNS 21 July): "I believe the Company should consider a move decisively towards an exit from this field, due to the capital intensive nature of Shoats Creek" 3. El Limon royalties have been pitiful. One can only laugh at your statements "Earned in 2018", "Earned in 2019" ! These are forward looking forecasts, hopes and dreams not actuals. Last reported ACTUAL by RRR was just over $5k per quarter afaik. Correct me if you disagree. Meaningless amounts. 4. Greenland . . . laughable. It failed to be sold to the mystery oligarch with funds tied up in Cypriot banks lol 5. Cobalt isn't even a project at this point. Calling it an asset is ridiculous. If RRR choose to go ahead then as previously stated it will require: - a cash payment of $700,000 - �490,000 payable in RRR shares at 0.65 pence a share, with attached 5 for 3 three year warrants - commitment by RRR to fund $1.2m of exploration expenditure over 18 months. That's dilution and a lot of cash required. Where will such cash come from?? 6. Ivory Coast has gone nowhere in years. Got to feel for Daniel Sklan who struck a deal with RRR for IC production. I'm sure he'd have some words to say on that "project". and so on and so forth . . . The only decent asset here imo is the Jupiter holding and the RRR MCAP is essentially the value . . .or perceived value of that holding. The Mt Ida royalty is useless to us as Jupiter long since mothballed the Mt Ida project for various reasons inc the price of iron ore. The iron ore price was $100-$120 when they mothballed the project so until/unless the iron ore price recovers to at least that, it's reasonable to assume Mt Ida is going nowhere imo. Essentially, like all rampsters before you, you are simply keen to entice people to invest on the back of hopes and dreams and future speculations rather than on concrete actuals. You presumably have warrants here which you'd like to be able to cash. And once again, you neglect to highlight that RRR requested and was granted authority to issue up to 500m more shares here at the recent AGM. Utterly shameful of you.
Good man, all being well 4-6p this year and who knows what if they pull off the cobalt deal.
Cheers guys I took a small position on Friday via 2 x trades think it's worth a punt ... maybe ab will get lucky and do the right thing here.
This is the website of the 'worthless asset' that RRR owns at least 21% of. http://www.steelmin.com/
coffercups if you read the agreement of the loan in june 2017, you will see that they can extend the loan by 8 months, so its nothing sinister, what it does it that it can increase our share upto 30% and increase interest payments to us. With the investments they have they certainly can be valued at over 3p
Kindly taken from the excellent ADVFN thread that Noirua maintains. So yes it's been a hard slog and awful for existing shareholders to see 22p-0.6p but these assets are ripe and reaching the point that they will create immense value for holders buying in now, The 'none holders' who bought at 20p will say otherwise, they bought and sold at a massive loss and they just do not want to see this recover, that would invalidate their reason for selling and prove them wrong.
Melville Bay Limited, Iron Ore Project, Greenland - In consideration for funding the 2012 exploration programme of North Atlantic Mining Associates Limited (�NAMA�), the Company earned 60% interest in Melville Bay Limited (�MBL�). The Company does not have control over MBL but has joint control along with North Atlantic Mining Associates Limited and International Media Projects Ltd through a contractual joint venture arrangement making MBL a jointly controlled entity. The book value of MBL has been fully written off in the financial year to June 30 2017. See Page 51 of the Annual report. Https://www.rrrplc.com/wp-content/uploads/2017/12/20171212_RRR_AR_FINAL.pdf
Noirua 16 Aug '17 - 16:46 0 1 0 Charts Intraday chart. Click to open a chart window 6 Month chart. Click to open a chart window Fundamental Data Name Red Rock Sector MINING Mkt.Sector AMQ1 Mkt.Segment ASQ1 Turnover - Profit -1.11 Norm EPS -0.24 PE Ratio - Market cap 4.74 NMS - News 22/01/2018 09:19 UKREG Red Rock Resources plc Jupiter Mines - Further Buy-Back 18/01/2018 07:00 UKREG Red Rock Resources plc Update on Steelmin 03/01/2018 07:15 RNSNON Red Rock Resources plc Align Research coverage initiation 03/01/2018 07:00 UKREG Red Rock Resources plc Holding(s) in Company RED ROCK RESOURCES PLC Company Website: Http://www.rrrplc.com The Company�s issued share capital consists of 499,042,740 Ordinary Shares of 0.01p each with voting rights. No Ordinary Shares are held in treasury. Shareholder information including share options and warrants: Https://www.rrrplc.com/investors/shareholder-information/overview/ Red Rock Resources Website Https://www.rrrplc.com/ News: Https://www.rrrplc.com/investors/regulatory-news/ El Limon gold mine - ongoing disposal The operations were sold to Para Resources of Canada in 2015. Total consideration was US$5M with up to US$3M in gold royalty payments. As of January 2018 US$2.97m remains unpaid as well as a loan of US$750K plus interest due for repayment by 1st April 2018. The royalties are to be paid on gold production. Earned in 2017 RRR approximately - 253.1oz x US$1,270 an oz Au x 0.03 (3%) = US$9,700 (actual production): Http://pararesourcesinc.com/para-announces-update-production-el-limon-mine/ Earned in 2018 RRR approximately 6,250oz x US$1,250 an oz Au x 0.03 (3%) = US$227,000* Earned In 2019 RRR approximately 10,850oz x US$1,250 an oz Au x 0.03 (3%) = US$401,000* * Estimated by Red Rock in December 2017. Further royalties at 3% totalling US$2.35 million approx. are due from 2020 onwards. Payments are made quarterly in arrears. Para Resources Announces That Production at El Limon Has Recommenced on 15 November 2017 Http://pararesourcesinc.com/para-resources-announces-production-el-limon-recommenced/ ----- JUPITER MINES Limited - RED ROCK RESOURCES PLC holds 24.6 million shares (1.19%) and a 0.75% royalty over all iron ore produced at Jupiter's Mount Ida prospect in Western Australia:Company website: Jupiter Mining - index - Http://www.jupitermines.com/ Jupiter Mines at ADVFN: https://uk.advfn.com/cmn/fbb/thread.php3?id=28201926 Jupiter hold a 49.9% interest in Tshipi � NTLE. The Kalahari Manganese Basin is estimated to contain approximately 80% of the world�s known economic manganese reserves; Tshipi � Ntl - Http://www.tshipi.co.za/ Pallinghurst Co-Investors have an 86% interest in Jupiter Mines Limited JMS Pallinghurst Resources - Http://www.pallinghurst.com/ Pallinghurst Co-Investors - Http://www.pallinghurst.com/pallinghurst-co-investors Manganese Ore Index: Http:/
KOLWEZI in the DEMOCRATIC REPUBLIC of CONGO Trip to Kolwesi - https://twitter.com/JBrewerMining/status/897972945901015041 Red Rock Resources Plc, has entered into a conditional agreement with Cobalt Blue Limited, to acquire an interest in a Joint Venture company to be newly formed for the exploitation of four or five copper/cobalt tailings. Cobalt Blue is an Isle of Man vehicle created by the interests of 1620 Capital Pty Ltd of Perth and Exchange Minerals. Some 50% of cobalt demand is now estimated to come from the rechargeable battery sector. The increased demand for electric vehicles and greater use of cobalt in lithium batteries is widely expected to lead to higher cobalt demand, and this expectation has since 2016 been reflected in rising cobalt prices. Half or more of known cobalt reserves are in the DRC, and a similar proportion of cobalt production (66,000 of 123,000 tons in 2016) comes from the DRC. The DRC has historically been an important source of copper, and recent discoveries suggest that its importance may increase, Copper is currently seeing rising demand and prices including an increase in demand from the electric car industry. VUP holds exploration licenses 9687 (covering Kalemba) and 9684 (covering Kamirombe), with the right to proceed to a production license upon completion of feasibility, from La G�n�rale des Carri�res et des Mines SA, a DRC State body. The transaction is subject to satisfactory due diligence, which is expected to cover technical, infrastructural, and legal matters as well as political and other risk factors and the availability of funding on satisfactory terms to finance mineral development in the DRC. The Agreement provides that should the Project not commercially match the estimates provided by VUP (approximately 22m tons containing 375,000 metric tons of contained copper and 35,000 metric tons of contained cobalt, citing G�camines records up to 1999), then the Luilu tailings (estimated similarly by VUP at 50m tons) will be added to the Project. A 0.4% NSR Royalty equivalent is payable to COB, and upon commencement of commercial production, RRR will have the right within sixty days to terminate this obligation by paying $1m as a royalty termination fee. Cobalt Prices - 1 year - Http://www.infomine.com/investment/metal-prices/cobalt/1-year/ Cobalt Prices - 5 years - Http://www.infomine.com/investment/metal-prices/cobalt/5-year/ Kolwezi Updates 3rd November 2017 - The Company has carried out drilling on the first two tailings, Haute Kalemba and Basse Kalemba, and deliveries of samples have been made to the SGS laboratories in Lubumbashi for testwork. Work continues with a view to testing the other tailings locations.
IVORY COAST GOLD PROJECT - R�publique de C�te d'Ivoire - Birimian Greenstone Belt Red Rock has entered into an agreement to carry out gold and manganese exploration across three licenses in the highly prospective Birimian greenstone belt in the Ivory Coast - a country that is being touted as the next frontier for gold exploration in West Africa. On 18 September 2014, Red Rock announced it had purchased the rights to three gold exploration licences and four additional pending exploration permits in Ivory Coast through the acquisition of Nemex Resources CI SARL and Barclay Resources SARL. Https://www.rrrplc.com/projects-and-investments/gold/ivory-coast-gold-project/ Https://www.rrrplc.com/wp-content/uploads/2017/02/Abengourou.jpeg
ELEPHANT OIL Limited - Benin Http://www.elephant-oil.com/ - Http://www.elephant-oil.com/location.html Http://www.elephant-oil.com/location.html Location, prospects and Leads - Https://twitter.com/mlofgran Red Rock entered into an agreement with Elephant Oil limited in July 2015 where it exercised its option to invest �275,000 for a 4.76% stake in Elephant Oil and has also been given the right to invest a further �412,500 on the same terms for the subsequent six months. Preparations are underway for new 2D seismic acquisition Https://www.rrrplc.com/projects-and-investments/oil-and-gas/elephant-oil-ltd/ https://pbs.twimg.com/media/DNnm2diXcAAIGrE.jpg Mat Lofgram - https://twitter.com/mlofgran
GOLDSTONE RESOURCES Limited GRL - 4,963,986 shares - 4.85% & 3,857,400 GRL warrants with an exercise price of 5p and a life of two years until July 2018. Company Website Http://www.goldstoneresources.com GRL is an exploration company with exploration skills that focus on West and Central Africa. The assets include the Homase and Akrokerri projects to the East and North of AngloGold Ashanti's Obuasi mine in the Ashanti Gold Belt in Ghana. These projects have a JORC Mineral Resource of 602,000 oz of gold at 1.77 g/t. Other licenses are held in Gabon and Senegal. 06/02/2017 - Https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ow0gozx