RE: FAO: Chairman Bell , Red Rock Resources Plc, 19.5.26 [Mkt Cap $1.88m.19 May 2026 20:56
What news is alluding to, is it’s all about timing
12 years ago mt Ida didn’t have its neighbour developing the asset , today it does
We have retained half the royalty but also half was sold but stage 2 & 3 still to be paid upon certain milestones , Juno have stated they have had interest but nothing concrete
It makes sense for the neighbours which includes deep pockets owner Rhine hart to swallow up my Ida , they are splashing out $5 bn in infrastructure including a 125km slurry pipeline for ore to be transported and also a road that they were both share
Mt Ida is the bigger resource and 70% feasibility complete , stage 2 payment to us would be on 100% FS
Now back then $14m for a small royalty 0.75%, tells you how big the project could be
So the suggestion is now the neighbours are developing and spending big $ , there could be a deal to be done
Remember we retain 0.75% but also have the balance of $14m for 0the other half 0.75%
Mkt cap £1.5m
Dukey listed out the assets and all are “dead”, he missed off copper licences in DRC both through the Jv and also additional private company previously announced , DD currently underway
So what if they were not dead …
What would each be valued…
Bell has stated all are being progressed
£1.5m mkt cap