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The link to the CFO of Caracal is below Helpful, the comment about speaking with Bell today, I heard Mr Bell being exceptionally critical of them and he said in no way would RRR take their paper as part of any deal, he considered them to be overvalued.

https://twitter.com/JB_MiningAfrica/status/1458028865406873609?s=20

Given that Caracal reached a £27m m/cap & Red Rock is only valued at £6m for the whole company it clearly exposes the weakness of RRR management to get a sensible valuation for the company. In my view, I have said it before, is down to Mr Bell being both Exec Chairman and CEO, no-one trusts him, he did say that he was interviewing a high profile 'name' to drive value but words are words and the market wants to see action.

Helpful

Red Rock have announced via Twitter moments ago they now own 1.9% of POW, this equates to around 25.5m shares. So it looks like they have now sold nearly 20m shares - raising around £350k

https://twitter.com/RRR_RedRock/status/1458026729411338243?s=20

It does look they are tidying up the balance sheet, in a interview with Tom Winnifrith last year Bell was pushed into saying if they get cash from a asset sale or via IPO equity sales it would be prudent to buy back RRR shares if the price was low (at the time the SP was around .90p) Bell agreed, so you may be correct that a share buy back could be a way forward.

It is also worth noting that the CFO of Caracal Gold tweeted earlier he had been speaking to Mr Bell today.

There does appear to be quite a lot going on behind the scenes as you suggest.

https://twitter.com/JB_MiningAfrica/status/1458028865406873609?s=20

Discusses XTR (very bullishly) mid interview.

https://tinyurl.com/c2mm8v3u

If anyone listens to the recent Q&A session Bell said Red Rock had de-leveraged to the tune of £1m, one assumes RRR are now debt free. Something I cannot understand is how Bell is able to pay back this debt without officially RNS'ing the news, surely this is a material event.

In the same interview Bell made it clear the major shareholders have told him no more dilution, he said he wanted the shares to be sticky and hard to acquire, he added he thought RRR shares would outperform when the market turns due to ongoing value events.

It is good to know the major shareholders have a grasp on events and are seemingly interested in seeing value from their investment, the AGM will be critical, Bell will surely be voted out if nothing happens by Jan / Feb.

The shares look cheap right now.

Discovered by Barrack Gold near to ORR Fare project - tweet from ORR moments ago.

https://twitter.com/OrioleResources/status/1456576105251590151?s=20

For what it's worth I see no evidence of any significant selling from a large holder, if anyone looks at the volume you can clearly see it is at an average level since the drop from 6p occurred, the stock was heavily overbought on the RSI and is now neutral, probably a good time to add/buy back or buy in.

It is worth noting the market has been poor over recent sessions for the exploration juniors, I think those who are suggesting a major holder is selling out are, at best, looking for a cheap entry point.

Currently it is exceptionally hard to buy is any realistic size so I think that tells you all you need to know.

Looks like the price is turning, hard to buy online currently & bid moving up in the background - from a technical point of view the RSI has fallen from a very overbought 82 to a neutral 42 earlier, now 46.

Looks a decent buy currently, more news is never far away, shares hit 6.1p a few days ago.

Have they really given away 51% for just £35m - seems a poor deal given the strength of copper, at first glance anyway.

Masterman in meetings in Glasgow ?

https://twitter.com/WResourcesPlc/status/1455745858331234308?s=20

Very positive update today, reading between the lines it suggests they believe they could have discovered a material gold trend, for anyone new the previous licence holder who were taken over suggested there was a 30km gold trend, the shares are down 80% from their high and look cheap.

https://www.businessincameroon.com/mining/2611-5148-cameroon-reservoir-minerals-finds-30-km-of-gold-mineralisation-in-bibemi

This is a sentiment stock and sentiment will return, the company has recently tweeted it is operationally active in Cameroon and news is due from Senegal, that is important.

There is some possibility that a direct sale of the Senegal project to Iamgold could happen in Q1, negotiations on stage 2 of the JV could enable this outcome, it is clear the project, despite being large, is secondary to the prospective upside in Cameroon.

I have traded ORR very successfully since the new team came onboard, the key is to gauge sentiment, the sector and upcoming prospective value events that could turn on the herd that roams AIM.

I believe we are at a stage where buying now could give investors a handsome return in due course, the stock is 80% down from it's 2021 high !

Today's update re-iterates what Colin Bird said at the recent presentation 'we have a big one' this is looking more and more like a world class discovery, still not, even partially, recognised by the market.

Still very hard to buy in any reasonable size, the market is fully aware of ongoing and material news-flow + the potential for Anglo American to enter the fray at any time, not forgetting the updates from the African projects.

As Colin Bird said Eureka in Zambia is probably worth the current market valuation alone, if so there is no value attached to the potential world class copper discovery in Australia, those who attended the recent meeting are fully aware of the true situation here, the current market value is too low plain and simple.

Tweet from Oriole this morning, Cameroon drilling update and photos, 50% complete

https://twitter.com/OrioleResources/status/1453272822332248081?s=20

Did anyone notice the near 40% discount on today's placing at EUZ, it suggests ORR did very well to their £1.75m September placing away at the then market price.

One has to question the motives of certain individuals 'advising' folk to sell ORR shares at these basement levels, one suggestion was the share price was not worthy of reaching 1.95p in February, why not? At that level Oriole would have been capped at circa £20m - their nearest peer in Senegal was valued 5 times that number + they have no other operations or projects.

ORR at current levels is at the basement, £8m m/cap with at least £1.5m cash - anyone selling now is exceptionally foolish therefore.

Bell suggested they are interviewing a high calibre CEO or COO for Red Rock, this could be a game changer, Bell refuses to accept that the market has no confidence in his personal ability to deliver value.

The situation is slowly changing at Red Rock, it is clear the large shareholders are pulling the strings, this can only be beneficial, the AGM will be a litmus test.

The current value of Red Rock seems too low, one suspects a few may decide to dip their toes back into the stock given upcoming news-flow and the AGM timetable (Jan/Feb)

Attended the event last night, not a shareholder but a resource sector investor, clearly there is a significant amount of prospective locked up value in PREM via Zulu, also appears to be quite a lot going on behind the scenes, the appointment of a new (and hopefully dynamic) CEO or COO could be transformational and change market sentiment towards this company.

It is worth noting that since the sector high point in March the average AIM junior is down 55% from high to low - some down 75% see the link below to my Twitter feed for the data

https://twitter.com/Oilplayer2009/status/1445804182590484482?s=20

I have to say that I have attended 100's of presentations in the City over the years, this was the first one ever attendees had to buy their own drinks, at £10 a glass of wine and £9 for a beer I was grateful for my recent gains in XTR !

Good to meet the PREM shareholders and chat afterwards, oh the hazards of AIM investing !

https://www.kitco.com/news/2021-10-21/Copper-is-the-new-toilet-paper-hoarding-is-one-reason-LME-inventories-at-47-year-low.html

Direct link to evening with Colin Bird
https://youtu.be/iWwCu3DnatU

Pressure seems to building - I believe Winnifrith bought shares in Red Rock and is now losing money, clearly not happy.

Tom Winnifrith Bearcast: Will Andrew Bell be fired for Christmas?

https://tinyurl.com/ypuznt3s