Member Info for news

---------------------For Clarity--------------

The RRR RNS came out at 8:04am relating to "Offer" for RRR Australiasia but the share price has NOT MOVED either up or down and still within the normal spread kinda of thing. PROOF that no one KNOWS yet what the OFFER is. News, Fri, 23 Aug 2024 at 10:40pm.

-----------Summary of " , AND that an OFFER has been RECEIVED in respect of its interest in Red Rock Resources

Australiasia." [RRR RNS, Fri, 23 Aug 2024 at 8:04am.--------

[1] On 31 Mar 2024, Power Metal Resources to sell 49.9% of New Ballarat Gold Corp to the operator Red Rock Resources for £1.5m from recall.

[2] This means that 100% of New Ballarat Gold Corp [the JV Australian co between RRR & Pow] would equate to a gross value of £3m.

[3] Since then, the latest Southern Cross Gold on ASX had hit A$551.7m mkt cap and Mawson said that their 48.9% stake in Southern Cross was worth C$215m dated 22 Aug 2024. But when Southern Cross of Sunday Creek hit A$551.7m mkt cap on Fri, 23.8.24 , Mawson of Canada's stake is worth A$269.78m.

[4] Southern Cross Gold of Australia continued to hit HIGH GRADE gold [& antimony] on 20 Aug 2024 and stated: Drilling heading WEST [which is to RRR 100% Kilmore, 14 mins away] & that "potential critical role SUNDAY CREEK [SXG] is to play in Western world's ANTIMONY supply."

[5] -----------Then, came the RRR RNS today, Fri, 23.8.24, that it has received an OFFER!!!------------------

=====This is before even 1 drill has been done at RRR 100% Kilmore.========Shows doesnt it?

OFFER:

[1] First Equity Broker Report of 19 Jan 2023 said if RRR were to LIST it could get== £15m== based on other similar exploration co's listing in London. [[EQUATES TO A$29.25M , Fx £1=A$1.95]]

[2] Offers are usually to a "PREMIUM." [Ref: "When should co's tell shareholders about takeover approaches."-SECNewgate. Newgate says it is to PREVENT "A FALSE MARKET", hence to tell shareholders.

PREMIUM usually 30-45% these days [varies] isnt it?

[3] WOW!! Some co's have JORC and still no takeover OFFERS yet RRR 100% Kilmore [1st historical gold town] 14 mins away from Southern Cross Gold, ASX , Australia -Sunday Creek [2nd historical gold town] is subject of a OFFER per RRR RNS Fri, 23 .8.24? --------SUCCESS isnt it given Southern Cross Gold is 1 of Oz's successful co's?

How much is the offer? Dont know but the above are some knowns from First Equity Broker Report of 19.1.23 and will also be known to the OFFEROR isnt it? Most important of all, ALL M & A is on "FAIR VALUE" isnt it?

Hopefully, it will be REVEALED shortly isnt it? DYOR, Not Investment Advice. IMHO. All guesses until the RRR RNS to come informs how much is the OFFER and will it be accepted by the RRR Chairman & Directors? Dont know cos have to see what the RNS says next isnt it? News, Fri, 23 Aug 2024 at 10:35pm.

---------------------No 2nd RNS yet, Fri, 23.8.24 @6:23pm--Re: "Offer received for RRR Australia.---------

Here are some comments:

[1] Per the article below of Why offers must be disclosed [paraphrased], it is so that there is "NO FALSE MKT" and that there is an assumption that the offer is at a "PREMIUM" to mkt ...? [Kindly check].

[2] PoW has =not=issued an RNS to inform that an "Offer has been received" [RRR RNS,23.8.24 at 8am+ on Fri].?

[3] Maybe, RRR wants to wait until the ASX opens because the offer could logically come from a ASX co given RRR Australia is relating to Victoria, Oz [Kilmore] next door to Southern Creek Gold @SUNDAY CREEK. Dont know, have to wait?

[4] I do not think it is logically that the offer is for a listing otherwise, i it would have said so in the RNS today @RRR?

It is also difficult to own PART of a project and any ASX listed co would prefer 100% stake of a project, isnt it, going on the examples seen?

[5] The offer would be logically a Oz co operating in the area, isnt it?

[6] RRR wanted to IPO, sell or JV the Berringa and Ajax licences etc nearer Ballarat, Victoria, Oz but there was NO interest of any serious consideration?

[7] Once the offer is made know to the mkt, the Chairman [CEO] and directors of RRR have to decided whether they will APPROVE the OFFER to shareholders as is norm. Then it has to be VOTED by % of shareholders to pass the takeover [% threshold requirements].

[8] If RRR Chairman/Directors reject the offer , they will have to say so and usually it says, it undervalues the project isnt it?

[9] First Equity Broker Note of 19 Jan 2023 may be of interest in that upon LISTING on the London mkt and going by the mkt caps of similar exploration co's, the RRR Australia IPO can command £15 Million [Pounds]?

[10] All the above may be of interest and since the London Stock Exchange closes at 4.30pm, there is NO FALSE MKT in any discussion/s over the weekend in the UK isnt it?

[11] A PREMIUM has to be paid by convention in any offer and something like 30-45% is empirical at this time, so have to wait and see if this is correct per the article below today?

[12] NO ONE know but RRR 100% KILMORE is the project that is desired in my view only and given on 16.8.24, Southern Cross was mentioned and their project @SUNDAY CREEK? Southern Cross Gold's mkt cap is a whopping A$551.7m and 1 of Oz's most successful co's. Southern Cross is still drilling and NO JORC yet. The last results from Southern Cross said they are ---------DRILLING W E S T of Rising Sun ===which is just across the boundary to RRR Kilmore, isnt it?

[13] The new GEO MAP for RRR 100% Kilmore has been recently put out by DL, Advisor to RRR and tweeted on Twitter by DL when one person asked him on Twitter.

DYOR. NIA. Long post, lots to discuss & think about UNTIL the next news from RRR. Now, only views ?

The New Ballarat Gold Corp sale by PoW for their 49.9% was £1.5m wasnt It from recall?

So, similarly, one could argue RRR's 50.1% is also £1.5m. [Total: £3m or A$5.85m at FX £1=A$1.95 then].

So, an Offer in general , is predicated or ought to be predicated by "Fair Value."

If RRAL [Red Rock Resources Australia were , say, to be IPO'ed it could be in the range of A$20-30m isnt it?]. First Equity gave £15m for 100% of Red Rock Resources Australia to be IPO'ed based on similar co's in London at the time of their broker note on 19 Jan 2023. So, £15m is around A$29.25m??

Southern Cross Gold, listed on the ASX Australia has a mkt cap of A$551m per Fri, 23.8.24 close. Mawson of Canada tweeted that their 48.9% stake in Southern Cross came to C$215m but this did not take in further increase in Southern Cross Gold's increased mkt cap further to? Southern Cross is STILL DRILLING with NO JORC and is 14 mins to RRR 100% Kilmore [1st historical gold town vs Sunday Creek, Southern Cross, the historical 2nd gold town when gold ran out at Kilmore, the Victorians moved over to Sunday Creek, Victoria, Australia.

Above just the background and await the RRR RNS as to the price offered per today's RRR RNS, Fri, 23.8.24. Think it will be after mkt close. DYOR, NIA. [For clarity, I DONT KNOW as it may be a complete takeover, listing and offer etc in whatever combination isnt it?].

News, 23.8.24 @4:20pm.

Ref: "When should co's tell their shareholders about takeover approaches."-SEC Newgate.

-------------------Note:------------

"HAS been received" re: "Offer".

It did not state: "HAD" been received as at Fri, 23.8.24.

Academic theory: "FAIR VALUE" is a general principle of offers of takeover of listed co's , isnt it?

Just discussion. NIA. DYOR, News, Fri, 23.8.24. [A thesis? Hence, cant type a short sentence given it involves takeover rules ?

----------------------------RRR Offer received per RNS above and my post in this thread.------------------

RRR [A.Bell, Chairman] has NOT stated RRR will ACCEPT the offer. This is the theory only:

[1] Even IF, IF, the offer was -accepted- , it has to be VOTED by shareholders to accept ANY OFFER?

[2] There appears to be MAJOR shareholders [see earlier PoW-RRR buyout of New Ballarat Gold Corp and that major holders alone could carry the required vote?]. RRR has to wonder if it would pass the vote isnt it?

[3] I can guess who the offeror is, it could be an =Australian ASX listed co==logical isnt it?

[4] The name of this offeror may be starting with S....? Dont know. Have to wait and see if any further RNS reveals more?

[5] Southern Cross Gold CLOSED at A$551.7m mkt cap. Mawson of Canada owns 48.9% and Mawson tweeted that this stake was worth C$215m. But given Southern Cross [Sunday Creek] has jumped further in their share price & mkt cap it is worth more now ie 48.9% of A$551.7m =A $269.78m?

[5] RRR in their 16.8.24 RNS stated RRR 100% Kilmore ---Southern Cross @Sunday Creek, Victoria, Australia was mentioned given it is 14mins away from Sunday Creek. Also, Kilmore was the 1st historical gold town and then only when the gold ran out, did the gold miners go to Sunday Creek, the next nearby town from Kilmore.

DYOR.NIA. P.S. I dont think the reading of the RNS by two main RRR forum appears correct in terms of the offer - it has to be a fair value basis per academic theory, isnt it?

Expecting a after hrs RRR RNS to inform about the 2nd part of the RRR RNS of today, 23 Aug 2024 [Fri]? Dont know for sure so have to wait and see what next news comes out?

Full title of RRR RNS, Fri,23 Aug 2024:

"RRR announces an extension to its term of its Convertible Notes, AND that AN OFFER has been RECEIVED in respect of its interest in Red Rock Resources Australiasia Ltd ." [Verbatim from RRR, both header and in the 1st para of RNS]

https://x.com/RRR_RedRock/status/1826888467546071438 23 Aug 2024

Comment: In the RRR RNS, =only= the conversion note is mentioned but NOT the OFFER terms RECEIVED. In terms of drafting, many did =not= notice that there was a c o m m a ", and that an offer has been received..."

No details given yet, BUT it did NOT say that the OFFER was ACCEPTED? So, await potentially or possibly a 2nd RNS to explain or a interview video perhaps? I dont know so have to wait for clarity , details etc.

News, Fri, 23 Aug 2024 at 12:48 noon. P.S. However, in the RRR Twitter tweet as above, someone tweeted and asked about the "offer"...?

Since it is best that I post what I meant, I have to say, Banburyboy, what you paraphrased is =not=correct. Americans tend to be more aware and many understand the learning curve can be a steep one. On Australian forums, many are exploration geologists.

Kimchi posted 2 posts tonight reviewing my earlier 2 posts on this forum. I think for the 1st time, they are reasoned and the points are valid but I cannot agree that I will need 8x to recover my RRR position. NikeAir180 answered on my behalf and I confirmed it was correct. As for others requiring 1,000x, I cannot tell as I have not read their posting history that far back. Suffice to say, Americans would have followed: Run your winners and cut your losses [not investment advice but general known theory] inc downward or upward trend/s, commodity cycles etc. A recent post on Twitter: "Junior Gold Stocks And Mr Market: His Folly Your Opportunity" by Nigel Somerville" -20.8.24 {"Mr Market's valuation of them reflected the dot.com crash."] Hence, why many juniors have run up 4x if not more given they have turned from their kitchen sink type low price points.

As for my ABSENCES, they are not brief. I have to return to CLARIFY. The next RRR update/s will be definitive eg [1] RRR 100% Kilmore will clinch or not clinch a LISTING ASX deal [or vend into a shell] & so forth. Nothing more to discuss as one way or the other, the outcome/s will or may become clearer? YES, PROVIDENCE has to be given credit as I have escaped by grace eg I asked 1 CEO [his open invitation to all to ask about geology] but he declined to explain. I took it to mean it was complex, hence a blessed escape.

As for Ettie, I take the view, the projects in the end is the most important and even RRR Cote d'Ivoire is really coming along via Helpful's Kobo link on Twitter. It is now down to execution of exit strategies for all the projects. DRC if the agreements have been signed & that is now passed the crucial stage, then the rest should not be as challenging given the Swiss Attorney General's ruling and that the major has given assurances that compliance has been beefed up? To this end, the major will want or may take the view the matter of RRR is best to be resolved by an amicable settlement [one can hope]?

See, I can be rather brief given I have to reply to 3 posts , 2 from Kimchi and 1 from Banburyboy. With that, I wish everyone a better journey than before ie past in the hope that resolution and execution will go hand in hand to provide an exit strategy for all the projects @RRR. News, Wed, 21 Aug 2024 @10:42pm.

P.S.

Well known that "context" is needed if one para is quoted "without context" or "out of context". I use backdrop or background to the topic or para being discussed.? In terminology, no word is broken into TWO and taken separately to mean a different meaning to the original meant.?

No. Nike used "context" as in background to what is being discussed. It is the same as quoting out of "context."

Breaking of the word is not meant or intended. Sorry. O.K , that's all. Wed, 21.8.24.

I am on this site looking at another stock.

P.S. Site software - so wont correct typo.

Now, that I have had my say to elucidate, I can take my leave. Better than way ie let the informal pub "group" who are "all negative" towards this stock per Banburyboy's info to post their views. Why? No other view is wanted is the answer. Otherwise, name calling against new laws [hence why most on this site know and those who didnt know got banned] if one doesnt "sign" the party song of this co , this , this co that , going back 20 years??

Thank you all. Life is wonderful and every moment is to be enjoyed by way of relaxing and having something nice to eat and tea of course. Providence has been good. News, Wed, 21 Aug 2024 @8:10pm

P.S. RRR [Red Rock] will take its course and the RNS will tell in time. Hopefully, RRR will succeed in all its projects as gold is at record high and supported by central bank buying etc.

Answer: Pumpky. No gold to sell , only gold projects which RRR tweeted about RRR being with gold projects. How does one have A$500m+ for Southern Cross Gold in Australia when it is still drilling and just raised A$10m to do so and it is not the 1st raise either. No JORC yet.

How does one question GGP with 3 digit million mkt cap in £ with no gold production and only 30% of Havieron [£356m to be precise for GGP mkt cap today]. Or Solgold , mkt cap £294.41m? Or Seabridge Gold at mkt cap C$1.67 BILLION USD with no gold mined yet ? Or Nova Resources at C$2.09 BILLION with no gold mined yet and only owns some 49-50% with Barrick Gold the other partner?

How?

I was told that to have a successful marriage, one must say, Yes. I was told this by someone who is a Liverpool fan but when the other talks non-stop about Manchester United, the answer is Yes, even though there may be no agreement? Same on this forum - I have been invited by Theeeeduke to join this conceptual pub group and IF, I sing the "party" tune, then I am accepted but I must probably be expected to be even more negative perhaps to win hearts and minds of this loose group of which Banburyboy said, are "all negative." Thanks NikeAir180. I am hoping for the best.

Theeeeduke

The word you used was "nailed." Sorry, I could only see your post after I pressed post.

Theeeeduke

So, you dont think Mrs Magic is the wife of Mrs Magic. If as you say, he had AB and Helpful pinned down [cant see your post to use verbatim], then how come they have not said so? Askin.

NikeAir180

I did not direct my post at you, by the way. I just wanted to provide the details which you help frame as needing "context." As to the signing of the agreements re: DRC [2], that is going to be made clearer but in the greater scheme of things re:DRC , the finalisation was RNS' ed on 16.8.24 [plus interview 13.8.24] so that is awaited. Meanwhile, one can only discuss and all views welcomed, isnt it? Thank you. 21.8.24 Wed, 7:12pm.

I think I have concluded any loose ends relating to the long discourse ie discussions of yesterday which I appeared to have been pinned on by so many against just 1 ie me.

Banburyboy

I have called up Mr Magic and you say it ...about Mr Bell and Helpful? Here is the link and page 1 does not support what you stated via https://www.lse.co.uk/profiles/mrmagic/ [Open file profile for Mr Magic] with last post dated 23 Apr 2021 at 12:58. Mr Magic had some 12,000+ posts to his name.

For Mrs Magic at https://www.lse.co.uk/profiles/mrsmagic/ she stated: " Mr Magic is back. He is posting on CCL board today." Dated 23 Mar 2021.

POSTER MRS MAGIC: "RRR : It is looking good. SHOWING A BIG GAIN ON MY PURCHASE PRICE. My husband will be very pleased when I tell him." Dated 9 Dec 2020 at 11:55 !!!!

Comment: Banburyboy, what are you saying? Mrs Magic bought RRR and showing "big gain" on her purchase price ? So, Mr Magic was going to be told that his Mrs made "big gain" on her RRR shares? Wondering? Puzzled?

Targa123

One last point. I have posted it on RRR.GB.PL that in the past, I tend to post longer posts because many do not understand the backdrop to exploration, mining etc. I post on American forums and since they are more knowledgeable in the field of stocks, I can post SIMPLE, SHORT POSTS.

I have stated now, that I have become aware that people DONT like it, inc caps but I dont have software to do underlining etc, so have to improvise.

I do not post lots of I am faced with NEGATIVES [Banburyboy confirmed that many in the conceptual pub group are "all negative" and the only positive ones are me, Helpful and NikeAir180] so if 8 people or 5 people post against my 1 post, I have to reply at least 5 times if not more, as my reply will GENERATE A FLURRY OF MORE POSTS, all not positive given IF, we are all shareholders, we should be SUPPORTIVE of each other , isnt it? But, many are NOT shareholders and they say so themselves.

I cant leave yesterday's conversation without looking for the EVIDENCE that RRR DRC settlement is PREDICATED upon the AGREEMENT to be signed and finally I did find it after searching. If others did KNOW, why so many posts? Others post non-stop from what I have seen as well [wont mention where] but NO CRITICISM of OCD is there? Why me? I have CATEGORICALLY STATED, I CONFIRM I HAVE NO and there is no need for AD HOMINEN is there?

Thank you. News, 21 Aug 2024 @7:05pm.