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On the way ...
0.21 mannan...atm
on the ask
Full ask paid
0.3p is only £7.5M. When this is trading in the 0.3s the wider market will take note
Looking like this could make a nice move up today
Https://twitter.com/m46843959/status/1674313029255680000?s=20
Breaking 0.2 today and then imagine an intraday RNS - first of many!
It does look likely that PREM will be suspended on Monday, I cannot see the accounts being released by tomorrow given recent events.
If PREM gets suspended I suspect the attention will move to Red Rock - that may be significant given a boost in liquidity will move the share price disproportionally.
PREM have 23b shares in issue compared to RRR 2.5b , if a fraction of PREM's daily volume moves here the shares will be exceptionally hard to acquire.
I believe news is not far off on the Lithium project, remember free cash to RRR was suggested to be $600k a month by the local geologist, in a interview Andrew Bell suggested that annual free cash to RRR from Lithium production could equal the then current market cap of £3.75m, so the geologist was not far out was he !
Remember the above numbers are from Tin Hill alone RRR has 3 other licences pending, if they are attained it would, at least, 3 bag the current share price.
DYOR etc.
Https://twitter.com/AiMMoves/status/1674310741145407491?t=8mPr_Ax5VOC0k5jEKI1kiQ&s=19
DYOR
Analysis from clear cm
We calculate what we believe to be an intrinsic value for Red Rock, we will be using a sum-of-the-parts (“SOTP”)
valuation method to combine the different categories, arriving to a final value for the Company. A significant part of
our valuation is the DRC arbitration, which we believe that the market has not priced in.
Project Assets:
Migori Gold Project: £3m
Galaxy Project: £1.9m
Kimono Project: £1m
Faso Minerals: £1m
LacGold Minerals: £1.8m
African Lithium Resources: £1m
Pending IPOs:
New Ballarat Gold Corporation: £3.8m
Elephant and Oil: £0.6m
Other Investments:
El Limon: £0.48m
Other Royalties: £0.6m
This gives Red Rock a value of £15.362m. 🎯
If we factor in the DRC arbitration of $2.505m (£2.19m) and potential $7.5m (£6.41m), we come to a total value of
£17.552m🎯
potentially rising to £23.962m. If we assume that Red Rock will not be awarded the $7.5m but only the
$2.5m, this still gives us an intrinsic value of £17.552m which is significantly higher than the current market 🎯
capitalisation of £4m. 🎯
Using our calculations alongside expected news flow towards the end of the year, we consider Red Rock to be
undervalued and therefore a buy.
Analyst:
Murat Delikara
muratdelikara@clear-cm.co.uk
+44 (0)20 3370 4098
Bladderman, Red Rock is nothing like PREM.
At Red Rock's Tin Hill project they have not done any drilling. All Tin hill have is a small stockpile and a road that were both created by illegal miners.
It blows my mind how wild imaginations can create this into an amazing asset.
SP is trying to go ip.
We have seen that yesterday and day before!!
No more overhang and it is moving freely!!
Expecting more and more buyers joining here as mcap is too low with some great assets,and some big news about to land here!!
Hold tight.
RRR is sub £5MCap. PREM was a beast and hit £250M. The thing they have in common is both are lithium plays and same/similar juristrication.
Tanking today
I don't see it myself. Yet for weeks on end Rampers have been insisting that Red Rock is like PREM.
Three days ago on Red Rock twitter Andrew Bell tweeted:
"Very sorry to read of the travails of our friends at PREM. A brave company with vision that saw Zim lithium very early. Lenders - as we have ourselves found - look like saviours but can turn out anything but.....Go George Roach!"
https://twitter.com/RRR_RedRock/status/1673454653801938951
Today it will be interesting to see if the rampers on this thread still insist that Red Rock is like PREM and that Red Rock CEO Andrew Bell can be a success like George Roach.
"pending conclusion......"
Has that concluded?
Did the volume of the whole raise 175M today (166M). Fantastic....onwards and upwards.
Red Rock Chairman Andrew Bell comments: "The Company believes that this fundraise will enable it to accelerate the development of its projects including its lithium project in Zimbabwe, pending conclusion of its arbitration in the DRC."
On 28 June 175M shares were added. Interestingly counted 60M in after hours delayed rounded assumed sells. Could be ready to go again here either Thursday/Friday
We are all getting confused now. Is PREM a ramping word or is it a deramping word? 🥴🥴🥴
They shouted here loudly
Crumbs
Not so good...
https://www.londonstockexchange.com/news-article/PREM/offtake-and-prepayment-agreement-update/16018885
Down to whether Prem can get the $34mil in 90 days. This type of gig is called loan to own. Where you deliberately lend to someone who you know is unlikely to perform and you end up with the asset.
DYOR
Amazing number of delayed sells coming through from the last hour. What a flush - £70k so far and mostly 500k sells. Can only sell once :::)))))
Well Levs....you aid VRS was useless at 1p in May and went on to do 500% at one point in early June so Mr oricle so you got that plain wrong so forget the high ground
A pump and dump if now over means the ones that wanted to sell have sold. Now the Ask is rising again