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A couple of stand out comments in the RNS suggest the gold footprint could be a large one.

You can be sure majors and mid caps are watching ORR

'Wide zones of mineralisation'

'They are consistent and correlate well with those from Phase 1 and are over significant gold mineralised widths.'

Meeting stakeholders again, they really are making a significant footprint in the Cameroon

https://x.com/OrioleResources/status/1855996125011972170

Vote for resolution circa 7b shares for 4b shares against so the resolution failed.

Another interesting post from YasXII on the other board, suggests sales in Saudi Arabia are booming .....

'Hold onto your shares for dear life, the company may have gone quiet but it appears, if you know where to look, business in the Dubai/Saudi Arabia region is booming.

Expect to see some stellar results later this month.'

Lengthy discussion on Greenroc, suggesting a number of value catalysts ahead.

Took some more shares on Friday following what looks to be a largish distressed sale of stock by some entity, just one piece of decent news and the share price will move fast given there are only 195m in issue.

From 27 minutes

https://www.youtube.com/watch?v=wgtK2tJEdQw

Following on from my post a few sessions ago has anyone wondered where the approaching 600m shares Lanstead have sold have gone, I have noticed over recent months strong buying on any pull back in price, is someone building a position I wonder.

Whilst some may point to the 3% declaration rule we all know how loose AIM is and also the matter of nominee holdings where entities can hide behind offshore accounts.

Speculation indeed but ORR is a very juicy target given their low market value, food for thought, my bet is the next move could be dynamic if the news is meaningful, the free float is low, bear in mind no new shares have been issued for over 1 year with none expected to be for a very long time.

As I have said previously, the matter is a simple one, if Bell gets the $10m cash and secures and lucrative licence/producing project in the DRC then the shares will hit .30p+, if not they will remain in the gutter.

The market has no interest in what Bell says, he himself suggested the same in his last podcast, implying no-one believes until the company delivers, that is so true due to consistent broken promises and failure to deliver historically.

If this had been any other AIM outfit, possibly close to securing $10m in cash, meetings with high level Gov officers in the DRC concerning a possible lucrative deal + near term gold production in BF, possible listing of an Aussie gold project, the shares would be flying high but this is Red Rock and all trust and belief is lost.

Delivery via a Nomad approved RNS will do the talking to get the value uplift, all the rest is noise.

It appears we are not far from news, it was obvious that until the old management team left (by end of this month at the latest) nothing would happen corporately.

I think there will be a swathe of news once they leave the building, Brewer has suggested that a new team will be injected into the company and with that will come major developments, I think the Rukwa coal project will be disposed of as it will become non core also.

At current levels the company is only valued at £5.5m and, as ever, it is very hard to get a decent slice of the shares., buying the lows makes sense right now IMO.

I had hoped we would have heard news concerning the Senegal Senala 40% stake but I suspect that the new JV partner Managem are proving equally as difficult to deal with as Iamgold were.

The Senala project was truly waisted by the old regime, in all I would suggest £10m has been spent over nearly a decade with next to zero value creation, look how shareholders in Aussie listed Chesser Resources profited in only a few years when they were taken out by Fortuna Silver Mines for £45m, their nearby licence was one fifth the size of ORR's.

To be honest I had also expected ORR to have secured another JV in Cameroon by now, they have enough licences after all, I do hope the management have not lost focus, I re-iterate the market is only interested in corporate activity during these woeful times, I know some believe drilling results will deliver a re-rate but I am not so sure.

I still struggle to understand how a major has failed to pounce given that ORR looks to have discovered a major new gold trend in virgin Cameroon, if anyone wants in buying out ORR would be the easiest way.

Anyway we are where we are, we all know how fast the share price can move given a corporate event so fingers crossed.

The matter is simple, if Bell gets $10m in cash and is also awarded a lucrative new deal in the DRC then the share price will trade at .30p+ if he does not then it will remain in the gutter.

New buyers are in for the near term and not concerned in the past.

I suppose the positive here is this could easily multi-bag with just one decent RNS, who knows where they are in securing a new JV partner, they must have interest given the record high gold price.

A JV with a major would be peanuts for the major in monetary terms but very material for Conroy, surely the floor is in share price wise.

Vast tweet this morning

https://x.com/vast_resources/status/1853334014351859748

I just wonder how short they are, RRR equity has been a one way bet (down) ever since the shares were trading around 1p back in 2021, forward selling of upcoming placings has been the norm here for years.

I am sure many have made killings on the downside, Bell has played the placing ball simply because the company overstretched itself with too many projects at a time when the sector turned bearish in H2 2021.

All anyone is interested in it what happens moving forward, current £2.5 m/cap is option money, at these levels many may decide the shares are worth a punt.

Next week could be interesting.

The amount of bashing of this micro cap is far from normal, as I pointed out last week RRR is not the only company that has lost 90% of it's value over the last 3 years those other 18 (from 46) have nothing like trolls operating on their boards.

As a well known commentator pointed out, no-one posts continually on bulletin boards without some economic interest.

Let us see what next week brings, all it takes is one half decent meaningful RNS to re-rate this company multiples in value, that is all that matters to new buyers who seem to be having the upper hand over recent sessions.

Andrew Bell of RRR with Patrick Tuseku of Koto DRC SARL, signing a framework agreement

https://x.com/RRR_RedRock/status/1853094849194406068

If Bell delivers a major value event the daily trading will hit billions of shares, it has happened at PREM and VAST (there are others) the re-rate will come in this fashion, recent capital raises will pail into insignificance as the value will take out any sellers.

AIM being AIM if there is major news in the wings it usually leaks, you will see larger buys often appearing after market close, there is, almost certainly, an ongoing short position in RRR due to forward selling of the next capital raise however if that does not come then those entities will be forced to buy back in the market.

Only time will tell however the current £2m m/cap is option money.

There have been SO MANY false dawns at RRR concerning statements/promises/suggestions/claims made by Andrew Bell it is hard to believe anything that is said anymore HOWEVER the recent high level meetings in the DRC cannot be ignored.

Interestingly it is not uncommon for minnows like RRR to be involved in discussions regarding potentially lucrative projects, recently VAST management have held high level meetings, acquired a very significant near surface gold tailings project, they are managing this project for the Government with the Gov paying for plant etc. ORR have also held high level meetings in Cameroon regarding gold licences and permits, they are also advising the Gov on mining affairs.

I have to say a number of ducks are lining up here, occasionally the dogs on AIM do bark, many juniors are now in the £2m m/cap club, it does not take much to move the dial to a £10m+ valuation by way of an 'event'

Maybe this time Bell can actually pull something off, if nothing else it does appear his new advisors and legal team have contacts in high places.

It also looks like recent seismic data from a nearby operator to Elephant Oil has been very positive.

https://x.com/ElephantOil/status/1852213493044326889

Interesting times for real shareholders in RRR, to say the least are currently majorly underwater.

Recent post from another place, this individual rarely posts but his calls on CNSL have been more than decent concerning upcoming numbers.

yasXII

31 Oct '24

Gentlemen

Hold onto your shares for dear life, the market will reward, this tiddler has not disappointed from an operational perspective for a very long time now, if you can access the Cavendish note read and digest.

The results statement next month may surprise to the upside, the broker suggests the cash balance will remain circa £5.4m, the company is trading on a EV of only £2.2m, this is a farcical situation.

If funds allow it would be advisable to add to your position, remember the Gracious Fellow has always been on the mark here, readers were advised to buy the lows last October, within a month those shares delivered 100% upside.

When this tiddler moves it moves at speed, the 10p broker target was re-instated in H1.

The broker target of 10p is still realistic based on the numbers, fact is the company is exceptionally poor at PR and delivering news to market, other peer companies will, for example, RNS a move into a new market or inform of a new customer or new order etc, at CNSL we get nothing of the kind, it is a significant issue and needs addressing.

The above said the company beat market expectations last time around, I remain convinced they will do so again, I pointed out some time ago that the cash position may be better than expected due to the fact the company was owed circa £1m more than what it had to pay it's suppliers based on the last set of results.

It is also worth noting that the company has put on short term deposit a bulk of its healthy cash balance, this could bring in circa £150k/£200k a year which is not to be sniffed at.

I have no time for the bashers that operate here, whatever AIM bulletin board you frequent they exist, one wonders who these entities work for, they appear to be more aggressive on illiquid stocks than the high volume ones, best ignore them, those that bought in around 2p doubled their money, IMO the current share price is the new 2p.

Buy the lows and profit, ignore the trolls.

Now is the time to get back in or add IMO, the results are due in November and we know the new CEO is a under promise over deliver type, noticed how he nodded in agreement to this thesis during the last podcast.

Not much stock on offer currently, and now the budget is out of the way (not as bad as many expected) confidence should return to the market.

The share price is at a basement levels currently, technically the RSI is in well oversold territory, a rally is due and with the right news 4p+ is entirely possible once again.