The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Red Rock Resources stock forum : Empty, not 1 post.
RRR Trades: 0
RRR Twitter: 0 tweet.
DL-Strategic Advisor to RRR:
Proactive UK covered his Aussie Co with more details. Targeting Kalgoorie gold project and to JORC potentially. So, DL is wide awake to the gold situation ie high prices and going to drill etc with an AIM co.
Me: Here LoL. Thur, 18 Apr 2024.
RRR's consultant, DL - an AIM co has just out an RNS today re: Gold project , 25km from Kalgoorie, Australia. DL's ASX co via a JV will spend $333,000 region to drill the target in the Northern Zone targeting a 2.5-4m+ moz approx and earning in. This AIM co's sp turned green and up.
Link: https://www.youtube.com/watch?v=6IKCV_GD4Wg
I couldnt find the earlier Parker and crew using an excavator etc to turn some $140,000 a week. But the latest video is interesting for those on here that are soofing? So, some general knowledge. If link is faulty, then type out the title into the search engine. Everything in the above video is not high tech stuff either? High tech as in some expensive operation etc?
This chap who posted the info on the other RRR stock forum posts on this site as well but has NOT done so for a little while.
However, most of the time, he has not been very positive. IF, he is hearing from somewhere, the only place is via a potential 3rd party ie blogs of some sort etc. Not sure, hence why I ran it past Help.
Thanks Maidit308 for your answer. Ah, it was at a POW presentation - I am not sure they mean £20m or A$20m, the latter of which is the MINIMUM mkt cap an Aussie IPO must be priced at. First Equity mentioned this as well. We need to await news on the A$ or £. Most private investors will think it is £20m because often it is NOT spelled out Australian $, US$ or £. NOT SURPRISING that some got the wrong idea ie POW investors that will NOT have a share in the new IPO.
Chatter on the other forum is that DL may be taking RRR Australia forward.]?
And the same chatter also said that DL's "valuation" is US$10m for Bilbale. It is on an open RRR forum, hence why I am posting it here to see if Help will confirm or it is just the poster's wrong hearing of the two subject matters.
Tues, 17.4.24. P.S. One can work out a "valuation" if one knows the OUTPUT, price sold etc. From revenue projections , it is quite easy to put forward a potential valuation ie how many times EBITDA etc. Quite standard.
NIA. DYOR. Wait to see what Help says.?
There is chatter at 21:50, 16.4.24 relating to RRR Bilbale relating to a "VALUATION"?? Please note the " " to the valuation. So, wondering if this is correct or not. Posting to run it past anyone who knows? Thanks. 17.4.24.
Some interesting chatter : There is interest in RRR Australia?
Meantime, SUNDAY CREEK'S OWNER, SXG rose again to A$2.31 , Mkt Cap :A$210m. LoL, after Shaw & Partners put out a price target of A$2.61 and initiation, the stock rises.
Since Mr Bell, Chairman of RRR Australia said the CPR is due after signature and that it is potentially out for an IPO, sale, JV etc. Whoever is potentially going to JV, IPO, sale etc, they are GOING TO OWN 1 OF THE HOTTEST gold exploration ground in Australia and evidenced by the MKT CAP of SXG who only own 49% of Sunday Creek, Victoria, Oz. Exploration target for Sunday Creek is only 1.6moz gold. Canadians are clamouring to buy SXG in Canada and dual listing has been RNS'ed. RRR AUSTRALIA: FOR ALL THE CRITICISM , RRR'S KILMORE, NEXT DOOR TO SUNDAY CREEK is a tremendous success. Kilmore was a MINING TOWN and when the gold RAN out, they went to SUNDAY CREEK. Paul Johnson commissioned work to find out if SUNDAY CREEK MINIERATION ===CONTINUES===INTO RRR/POW'S KILMORE. RESULT: APPEARS IT DOES eg DONNYBROOK WITH 200g/t gold vs Sunday Creek 199g/t gold. Helpful showed Sunday Creek's Mar 2024 presentation and the grades found have gone even higher. Sunday Creek --11km of strike potentially and SXG still drilling. Well, KILMORE was the 1st gold mining town BEFORE Sunday Creek and if BOTH were mining towns, how did co's not get in before RRR Australia ? Ah, Andrew Bell is or was an Australia and his Gramps was a Victoria miner. So, he knows how to get licences of interest and what a licence to have.
Https://twitter.com/oriental_ghost/1780502628511932463 17.4.24 [With screenshot of the prices for gold & silver].
Relevance|: RRR is a gold exploration co and has a JORC in Kenya of 1.2moz gold [licence in the process of being renewed], Bilbale & Victoria, Australia - all appear to be predicated upon the price of gold as that is the underlying precious metal.
1st post of the day.
Https://hotcopper.com.au/asx/sxg/
Southern Cross Gold [49% owner of Sunday Creek , Victoria, Australia , share price A$2.17, MKT CAP A$198.6M.
So, Shaw & Partners has just issued coverage and price target A$2.61. This just came out, Tues, 17.4.24.
Evening Maidit308. I have been OUT fixing my teeth. However, just before I went out, I noted the then NO 1 TOP RISER, a goldie with a market cap of £19.78m. Their RNS today announced the initial findings of a 3 hole drilling at Jennings-Pioneer in South Carolina. No details yet but it is supposed to be a gold-silver & copper project. Earlier, on 25 Mar 2024, a 4 hole drilling programme was done at their South African project - 1 hole missed but NO detailed assays either.
There is another Zimbabwe AIM co with a mkt cap of £13.71m Two hole results came out with 2.53m & 1.32m @29.08 g/t gold & 1.08g/t from 97m & 214m.
RRR: NONE of the above 2 co's have a GOLD RESOURCE DEFINED BY JORC. So, very early drilling and thus far, the above is left to the reader. RRR has a 1.2moz JORC gold deposit in Kenya and hopefully, we will hear an update as to the renewal of the licence.
RRR AUSTRALIA:
Some one on Hotcopper Southern Cross Gold said that the MKT CAP IS APPROACHING A$500m. Why? As I said, Southern Cross only owns 49% of SUNDAY CREEK, VICTORIA, OZ whilst the 51% is owned by the parent, Mawson of Canada. Southern Cross Gold's mkt cap is A$219m from the last time I checked.
So, RRR at KILMORE, the 1ST GOLD MINING TOWN before SUNDAY CREEK does appear to show promise given Paul Johnson's commissioning to see if the Sunday Creek mineralisation EXTENDS into RRR/POW Kilmore. It does at Donnycreek, Kilmore with 200g/t gold vs 199 g/t gold at Sunday Creek. Helpful posted the latest Mar 2024 presentation of Sunday Creek and higher gold grades have been found. DRILLING CONTINUES and A FUNDING ROUND JUST FINISHED FOR A$10M. NO RESOURCE STATEMENT YET EG JORCE. EXPLORTION TARGET 1.6MOZ.
QUESTION: AS WE HOLDERS AWAIT THE CPR AND SIGNATURE FOR RRR IPO [thanks to Maidit308 who gave the link to POW recent video interview in which the CEO said POW Australia-RRR Australia is HEADED for Oz IPO?]. IF SO, THEN , IT DOES NOT TAKE A GENUINE TO KNOW THAT FOR BOTH POW & RRR, KILMORE MAY BE --------potentially akin to Sunday Creek, and IF, it is so, proven by drilling, THE MARKET CAP will exceed ANYTHING on AIM for both co's.
However, RRR may have to CONSOLIDATE its portfolio and hopefully, they KEEP RRR AUSTRALIAN IPO. That is my view if it is potentially possible. CANADIANS WANT TO BUY INTO SOUTHERN CROSS GOLD due to demand and Southern Cross Gold will be dual listing shorting in Canada. Hope management will say something. DYOR, NIA. Tues, 16.4.24 @6:20pm, Stock Mkt Closed. IT IS ENCOURAGING THAT THE GOLD PRICE IS HOLDING - all goldies are in a better position with a good gold price , so watching the gold price is of relevance?
The spread showing on this London South East RRR shows the above.
Spread 0.55p & 0.6p.
For the TWO LARGE TRADES [in blue], a premium was paid at 0.064p & 0.065p. The 0.058p showing in red are sells. The transaction after the two large trades was a buy at 0.062p for £245,000 @395,169.
NOT sure WHO is BUYING give the two buys were timed at 13:57 each and secs.
[[1st post today].
[5] Corrrrect.
ABell, Chairman of RRR:
Gone quiet on Twitter. RRR Twitter also quiet, at the same time. Not something unusual - other CEO's also go "dark" ie communication. NEWS COMING hopefully. ? One can hope.
Thank you.
Https://twitter.com/JReade_WGC/status/1779832447883960320 Mon, 15 Apr 2024. J.Reade with Chart of Gold price.
[2] RRR share price still holding at 0.59p to buy today. NOT dropping to 0.05p raise a day or so ago.
[3] Been round to various penny stocks on this site, same situation given the low mkt caps now. But sentiment turning more positive now due to copper and gold prices having risen.?
[4] On RRR, only 14 trades but 28 posts, only 3 bulls on this forum cognisant of RRR 's overall, the rest bears.?
[5] My 1st post for today. Others are helping out with posting some links etc that are relevant to RRR or its neighbours.
Yesterday, I also posted once from recall.
[6] RRR mkt cap £2.04m.
[7] News on Twitter, hope tonight is not going to be ...again, not sure yet. ?
Https://hotcopper.com.au/asx/sxg Southern Cross Gold at Sunday Creek, RRR at Kilmore, next door to Sunday Creek.
Interesting that the data I provided stated that SUNDAY CREEK was "AN UNDERGROUND mine."
Indeed, the infilling is from much deeper.
Kilmore [RRR] is not an underground mine per the data [the one with the map].
Relevance: Industry news.
No time for snoozies.
VILX rose sharply for no reason on Fri. No reason as to no yet visible reason.
Per Kobeissi: "Over the last hr:
Implied Dow to hit 400 pts+ drop. Crypto mkts erase $200bn in mkt cap." Sat, 13.4.24
Link: https://twitter.com/KobeissiLetter/status/1779261428530053445
Https://twitter.com/GoldSilverHQ/status/1779250419065041105
Screen shot shown and 1 PAXG is BACKED by 1 oz of gold.
Helpful -Bitcoin flash crash. Gold market closed but there is a crypto version of backed gold 1 for 1. THERE IS YOUR US$3,000/oz.
Https://twitter.com/disclosetv/status/1779251517070975068 9.53pm. Sat, 13.4.24.
All trending on Twitter now.
Helpful
https://twitter.com/bennyjohnson/status/1779248577488789645 9:41, Sat, 13.4.24 [Verified]. Thanks. Returning the favour of the news. Chairman Bell, RRR - please someone inform Bell.