RE: FAO: Chairman Bell , Red Rock Resources Plc, 19.5.26 [Mkt Cap $1.88m.19 May 2026 18:11
Contd:
CURRENT M & A: IRON ORE , WESTERN AUSTRALIA:
You will know , as it is commonly knowledge iron ore ie hematite is "rapidly depleting" and magnetite iron ore is increasingly demanded by Chinese steelmakers. Mitsui has paid the highest price in their 350 yr history for RHODES RIDGE, hematite. Magnetite Mines, ASX is also looking for a Chinese JV partner for its iron ore deposit at RAZORBACK iron ore, in South Australia [Heads of Agreement with Japan's JFE Shoji Australia. Juno now joins as well in this quest.
MT IDA 0.75% ROYALTY [GRR}: If it could be sold in 2012, 14 years ago to a FT250 co, it can be sold now especially when Gina Rinehart will move to FDI to spend $5bn in capex. Hanc<ock will have to use Juno's 27km haul road to run her 125km slurry pipeline, siding at the Menzies North point, Cassini village mining camp etc including water permits etc as is norm. Helpful said no use duplication and on X, Helpful said yes, deal will be with Hanc<ock [para phrase]. Be it now, or even if ON the___ "bench"___, it will be SOLD as MT IDA is a Tier 1 resrouce, 50 year life of mine and DOUBLE THE SIZE OF MT BEVAN and DOUBLE the LIFE OF MINE. $51.8M is the old price and it will be more on the open market at 10-15x vs 50 year life of mine =higher valuation. ROYALTIES are bought and sold and mega royalty co's exist to buy FUTURE CASH FLOW. Solgold needed funding and SOLD to FRANCO for $100m and later more with OSISKO. Now Solg has been taken over at $1.2bn and all paid in cash /received. TODATE, NO CAPEX, NO MENTION OF PRODUCTION, MINE TO BE BUILT etc by Jiangxi, the acquirer and Franco and Osisko are sitting on the STREAMS , again , buying future cash flow, not current.
<>RRR KILMORE-KILMORE WEST. I have just posted on the London South East RRR.PL.GB so wont repeat as I did post the article of the recent Dec 2025, Agnico Eagle, buying 1 EXPLORATION TENEMENT from S2 , ASX for A$17m plus $3m etc. S2 's 1 tenement [exploration licence] surrounds Fosterville Mine of Agnico. You can read what I said on the other forum on this site as to how SX2's latest presentation 2026 has a caveat and that it may have to find more exploration ground and the only ground is WEST TO RRR 's Kilmore & Kilmore West. There is nothing to the East? Christina is the closest to RRR 's Kilmore, 15 mins away. SO, LATEST M & A applies.
I dont deem to explain as both you and Mr Borelli are nuanced and more so, Mr Borelli who was a Nomad at Short Capital and a merchant banker in M & A, takeovers etc. I will go to Twitter to ask you to kindly look at my post here today. I dont believe in any private mail as all should see what is open and transparent. I hope you will rise to the OCCASSION and bring the RRR plc name to the fore. After all, RRR IPO in 2005 with the main flagship 100% of Mt Ida. if played otherwise, today, Chairman Bell, you could have join the iron ore magnates of Australia isnt it? DYOR. With due respect, News, 19.5.26 DYOR. Subject to typos,