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Interesting tweet from Graphite Hub, shows all the demand and uses for Graphite, the reply tweet points out the GROC has one of the highest grades of Graphite worldwide - also suggests the company should be valued a £30m+ not £3m

https://x.com/GraphiteHub/status/1869365732653326390

GROK comments

Mining Context: Mbuji-Mayi is known for its significant diamond mining, which might be related to the Chairman's visit, indicating potential business interests or operations in the mining sector for Red Rock Resources in the DRC.

Company Reference: The post humorously references a former colleague's saying, "You can't do enough for a good Company," suggesting that despite the inconvenience, the trip is for the benefit of Red Rock Resources.

RRR Chairman has been asked to be in Mbuji-Mayi from 29th December to 5th Jan. Not a normal New Year and though a former colleague used to say "You can't do enough for a good Company", it wasn't his first choice for Hogmanay. though the first foot tradition will obviously be kept

https://x.com/RRR_RedRock/status/1869439831241359677

Morrow Batteries has received a NOK 1.5b loan (circa $135m) from Innovation Norway - clearly this is huge news for Greenroc, the full article (just released) is below.

One suspects some of that money will come into GROC as they are part of the process in delivering Graphite in Norway.

https://tinyurl.com/2wk82jjw

They have confirmed almost word for word that my post timed at 7.51am today was spot on, namely it looks like gold mineralisation occurs at depth to match the trenching results that delivered wide areas of gold discovery.

It does look, more and more, that ORR may have a major discovery on their hands, you can bet that mid caps and even majors are looking at ongoing progress in Cameroon eagerly, time will tell but surely acquiring ORR or indeed partnering up would make for an easy way into these significant licence areas, remember ORR is one of the 1st in country, as such has secured the best licences.

Remember Barrack moved in on minnow Tembo Gold when least expected, one could argue that ORR has far better prospects.

It looks to me like they are saying in Geo speak that the drill has hit areas similar to previous discoveries in the trenching process, the trenching process was deemed very successful with very good mineralised gold zones including a number of 50m intersections.

If anything, whilst it is early doors on the drilling, this news has to be a positive and further enhances the real possibility of a major gold trend has been discovered. Maybe an interview today will clarify to this end.

As mentioned January is usually a very good month for ORR by way of share price appreciation, not a time to be out IMO.

It is entirely possible to see a 50% retracement of the drop from .40p attained in mid October, if so that would deliver a share price bounce to around .33p/.34p near term, some traders would be very happy with a move like that.

My post last night suggested January was traditionally a strong month for ORR shares, remember they hit .57p intraday last year in that month, the current price is a gift therefore, I suspect a few 1m/2m blocks of buys would move the price back towards the .30p's PDQ.

This stock is a great trading one with the added excitement of a unexpected event which can move the share price disproportionally.

Good luck all, I believe the window for getting a decent lines of shares in the .20'p's is closing fast.

Personally I think the .25p region will hold as the stock is heavily oversold on the RSI and .25p is a strong support zone, the RSI has only gone lower once in 18 months and that was to 27 (it is now 33)

I know charts and technical analysis are not always relevant to these small caps but many traders still use oversold conditions to buy in, remember January has always been a historically strong month for ORR, we all know that news could come at anytime across a number well discussed topics on here.

I took the opportunity to take 750,000 more towards the close, remember directors bought in November at .30p.

Lets see what tomorrow brings.

Well for what it is worth the RSI is now sitting at a 15 month low, there is strong chart support around the .25p level, going back to January.

In normal conditions a strong bounce would come from such a scenario.

This has now fallen 35% in less than 2 months, very disappointing indeed.

I have suggested all along the only thing the market is interested in is corporate activity, to be honest I was expecting more from the management team following meetings with the Cameroon Government + hints concerning new deals from the CEO. Unfortunately nothing much has happened since those meetings.

Whilst I note the comment concerning Senala this project cannot be ignored, ORR has spent a historical sum of circa £6m of shareholder money and Iamgold a further circa £3m on it, that is massive money for a junior, none of this cash has delivered any value to ORR shareholders, this is a question that needs putting them directly, why? They have to deliver a deal that will recognise that spend and return value, unfortunately I suspect Managem are as equally as hard to deal with as Iamgold were. I would still prefer an outright sale of their stake even if it were for just a few £ million = some form of royalty interest etc, these massive companies seem as tight as the proverbial with cash outflows.

What is needed is some clarity concerning the other (large) licences in Cameroon, an update and some way of delivering value from the Senegal project + any other corporate move that could enhance & refresh the appetite for ORR shares in this dull market.

I think the general silence from ORR has unsettled retail investors, news-flow is the lifeblood for the sector, the new team were dynamic early in the year but seem to have become more withdrawn as every month passes.

But the bashers fail to omit the value the Aussie project brings to RRR, remember ECR are valued at £10m based mainly on their nearby gold licences close to Red Rock, RRR is valued at £2m.

As ever on this poisonous BB the bashers only look to the negative, who are these bashers and who do they work for?

Remember Bell has already exposed one of them and warned off a former employee who, dare I say, was posting in a similar manners to certain operatives here.

Todays news clearly demonstrates an extension of gold mineralisation which has to be positive, no doubt some media will come clarifying same.

At some pint something has to lift this comatose stock, they need to deliver a value event, still nothing on Grangesberg, the former CEO could not praise this project enough alluding to value creation for AYM holders but since he departed absolutely nothing has happened.

Apart from a few Alan Green promotes the new CEO seems media shy and unable to communicate to the market, they have said they are exploring options to raise money via other means than by equity, one can only assume that is via either a loan, a new JV partner or asset sale, we are all guessing. Why not come out and explain ?

The shares have come down from 2p last January to current on low volumes so it would not take much to move the price up again, no-one (especially 20% holder Energold) can be happy with the current share price. January has historically been a good month for AYM shares will history repeat ?

New VAST tweet

Lead / zinc concentrate bagged and ready for shipment from Takob.

https://x.com/vast_resources/status/1866093743369330862

Something is brewing again, IG are now asking 2p for just £2k of shares, my bet is they are trying to fill an order or orders but are struggling.

This is poised to move significantly in my view, totally under radar but with massive potential.

I was going to add late on Friday, I see this company as materially undervalued and feel it could be the next multi bag in the AIM junior mining space, however, the price was 'at best' towards the close so I suspect the market makers are aware there is demand and do not want to sell many around current levels.

In a nutshell I believe there are more buyers than sellers out there, as such the price could move ahead steadily on thin demand.

Hard to believe the shares are still under 2p (£3.8m m/cap) given the significant progress made.

Buy the lows and profit !

Yes RRR is down 90% and I make no excuses for the woeful long term performance of AB, however, from a basket of around 50 sector juniors 18 were also down 90% and the average drop over the period was 80%. RRR is not alone therefore.

No-one knows if any of these juniors will recover in value in a meaningful way but whist everyone looks at the share prices the more important matter is the market value, many are now in the £2m region, it would not take much by way of meaningful news for that that to become £4m/£6m/£8m etc, it is down to performance and delivery, RRR have a number of irons in the fire, can Bell deliver on just one ?

I have no understanding as to why the 'major shareholders' continue to support AB however I suspect it is the hope that he has the best chance of delivering value from the DRC, that might be true but so far, despite numerous attempts, he has failed, he did however point out that it only takes one signature to enable the $7.5m/$10m to come RRR's way, it could happen.

Another aspect, no matter how 'unpopular' certain CEO's are to the retail investor Gov ministers and the like may not see it that way, look at AP at VAST, he has secured a MOU with the Tajikistan Gov and has been a lead speaker at their international mining conference. For certain AB and AP are in the same investor sentiment circle.

A few brave souls are suggesting the sector bottom is in, the new year ahead might just be the recovery year everyone has been awaiting since Q1 2021. Time will tell.

Some good posts on valuation here recently, one thing for sure the market has not revalued GROC as it should have done given the excellent progress made.

What will deliver a faster re-rate than many others is the fact the free float is so small, remember the shares were trading at 5p last year and the drop to current has been on very low volume.

The tweet from GROC last night suggested they are sourcing non dilutive funding to move forward, I would not expect anything less, another example of this form of funding was at PREM where the Chinese offered up $40m as a prepayment, whilst GROC is some way off production do not rule out some form of offtake agreement or even a JV which could include a upfront cash payment.

I can see this re-rating short term into the 4p/5p range, put simply the stock is miss priced by multiples, as the company progresses even that level will be a great entry point.

Greenroc tweet not long ago, seems to confirm they are able to source non dilutive funding, let the re-rate continue, all ducks seem to be lining up with more news expected.

Current m/cap only £3.9m

https://x.com/GreenRocSM/status/1864703051564540380

It is interesting that IG are not allowing buys at advertised offer of 2p, they want a premium for 50,000 shares also, for larger sizes they are asking 2.15p.

The few small sells are being gobbled up.