Member Info for maestro1

you continue to cry about the past, you totally write off the current assets which valued the company in excess of �20m. Good luck to you, no point arguing with you as it seems you are still stuck in the past. I feel for you you lost money investing, we all have, its the risk we take investing in aim market.

Magic wrote "And that's fine it's your view and you are entitled to it. Some of us however are longer term holders and have more experience of the history. Your figure of �3.5m pales into insignificance to those of us who remember that RRR raised over �9m via various share issues in 2013, 2014 and 2015. That considerable sum of money raised didn't stop further share issues from occurring. Granted there have been less issues recently than in previous years which is of course encouraging." We are not talking about what happened 3-5 years, there will be sharetalk presentation shortly i suggest you watch it. Very near future RRR will have over �3.5m cash in bank, all assets are coming into play now. Steelmin, Jupiter and El Limon (loan/royalty). Jupiter will relist for 40c per share nexst month, very likely to be trading higher than 40c.

Magic wrote "No never claimed anything of the sort, that's simply a lie. What I HAVE said is that if the deal goes ahead then (according to the RNS) RRR will have to stump up a cash payment of $700,000, engage in dilution via the issuing of �490,000 worth of shares at 0.65 pence a share (with attached 5 for 3 three year warrants) and also commit to fund a further $1.2m of exploration expenditure over 18 months to produce a bankable feasibility study. Lot's of cash and dilution. There wouldn't be any value delivered unless and until there was some production, just as with Steelmin. We would have to wait quite some time before that point was reached." As i told you yesterday they cobalt deal was agreed last year when the share price was near 0.65p, they have happily allowed us to extend the DD period a few times (over 6 months). Management believe they can get the cobalt resource to near 60Mt-70Mt. Now tell me getting 52% of a cobalt asset for literally $3.2m, i think thats an excellent price. We're we to buy this 52% on the open mkt it would have cost us alot more than $3.2m.. imho You talk about there being no production for long time, this is the stock market companies are valued for future potential/earnings. You cant have the cake and eat it, commodity stocks are valued for future. You need to learn alot,,, And finally 1 ton of cobalt cost $86,000, now that is huge. If we bag this asset shortly this can easily bag the sp instantly. I believe announcement shortly... imho

DHC Now envia can be profitable and stand on its own feet, we loaned them $11m they will be able to repay vls back now. Now vls can concentrate on the Mississippi plant which will be owned by them and also the waste to jet fuel project in UK. Shares are valued for future potential, nothing valued here.

"The board is confident that the company will get this asset back in contrast to the feeling amongst investors that the project has been lost forever. We anticipate that good news could come in early 2018. Currently, the resource is at early feasibility stage, but there does seem to be good potential for a significant expansion of the resource. " Worth near �10m to us, can expect news anytime now...

Graphite i think something really wrong with the guy, stock market usually values potential for the future, if he cant see the cobalt/copper deal can add serious value to rrr and i dont know whats up with hi. For literally $3.4m we can take upto 52% of an asset which can essentially have upto 70Mt of cobalt. 1 ton of cobalt is sold for $86,000. Thats a mammoth amount... Should this deal go through in the near future it can seriously add to current Share price...

Magic you cant have it both ways, JMS ipo next month brings that asset back into action, shares will commence trading at 40c, we will liquidate 25% at ipo. Steelmin will be in production by early april, this all doesnt add value to RRR? Did you read the align research doc it specifically includes all the warrants and clns, values co near 3p.

Shares are tend to be valued on future potential, company believes they can get the cobalt resource upto 70Mt. 1 ton of cobalt sells for $86k, yes 86,000 dollars. Something really wrong with you, why do you think company list on stock mkt?

MrMagic Cash in the bank is over 1m pounds so I am assuming $1.5m, that�s according to Andrew in the telephone interview with Zak last week. http://www.alignresearch.co.uk/red-rock-resources/zak-mir-interviews-andrew-bell-of-red-rock-resources/ I see you have put in those clns and the market cap WILL STILL ONLY be 5.7m. Jupiter is going to list for 40c per share on 18th April, our 25m shares are worth minimum aus$10m. Very likely these will trade a lot higher once on mkt. Last accounts current asset value was �16.95m but yet the mkt cap is only 5m. Migori gold license is likely to be reinstated, put a value of �6m on that. Cobalt deal is very close, this alone can increase mkt cap in multiples. 6 months results due within 2 weeks. I believe a fair mkt cap is 25m at present Read the align research note, it takes into account all the warrants and the cln. You can download from link below http://www.alignresearch.co.uk/cpt-company/red-rock-resources/ The company is massively undervalued, you can mention the warrants from top of the hills its still massively undervalued�

Current mkt cap 6m Cash in bank $1.5m Divi jms payment $500k El limon loan rep $750k Liquidate 25% share jms $2m min Cash $4.75m And we still will have over 18m shares in jms, 22% of steelmin, reinstatement of migori, ritalties from el limon. What a great buy rrr is... :-) Oh yea, 95% certain cobalt deal will come in. Just MY opinion...

last year they were on 22nd march, so hopefully we will get results within 2 weeks. Cobalt deal Migori Deal Steelmin Deal Jupiter Mines Ipo all for mkt cap of 6m...

RNS

Colin If you are following the company you will see that the company is looking to invest in cobalt and copper area...

mkt catching late on this one... mkt cap of 25m justified...

interesting so confirmation of jupiter ipo, we own 25m shares their, i think they will be trading above 40c "In comparison, South32 trades on 5.5 times and has a dividend yield of 4-5 per cent, whereas Jupiter Mines has twice the yield on half the multiple."

Great news..

Daywalker66 We own 65% of the block in Namibia, prior the potential partners probably wanted the majority of the 65% and Larry probably wasnt prepared to give it away as its such great prospect with 29% COS. Now they have stronger leverage and can agree better terms if they dont like we will drill regardless. I like the tactic... Current levels its buy for me...

Daywalker I think alot more action this year round, i too believe it wont hit 10p with imminent spud around the corner. Excellent buy at these levels

Poll if i may jump in you said "If RD-1 is a duster the 8p you quoted will be smashed IMO. More like 5p would be by guess." At 5p with all the new shares issued included, it will give a mkt cap of 19m, you say yourself the cash levels are �25m. So you will value the company less than cash? What are you drinking mate..... We have Namibia asset with COS of 29%, just go and ask how lucrative that is, go and ask Pancontinental who farmed out to Tullow and have cos of 20% and then gbp who have cos of 11% in the Walvis Basin. Go and spout your stupidity elsewhere...

js88 And your point is, so what we have a placing and we have some II's flipping shares, big deal. 13p is the base, the rig should be on target hopefully by weekend. Then drilling within 10 days.