Member Info for orslega

Very much looking forward to next week - or over the weekend if Bell fancies it : )

You are obsessed Banbury, in an unhealthy way imo. You need a break from all of this.

So just it a rest for a very short while - lets just wait to see what happens, then we can have a have a proper and informed discussion about the RRR market cap expectation.

Bell could not have been clearer, it looks like they are getting their arbitration cash and a huge DRC Presidential Office licence.

Bring it on!

Nomad will have wanted to see all the back for the RNS, defo looking very good....

RNS Number : 6084U

Red Rock Resources plc

24 January 2025

Red Rock Resources PLC

("Red Rock" or the "Company")

Follow up - DRC Arbitration

23 January 2025

Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia announces an update on our DRC arbitration further to its announcement of 15 January 2025.

The scheduled meeting in the DRC took place on the afternoon of 22 January 2025 in Kinshasa. The arbitrator has suggested the parties supply each other any additional supporting documents and that Red Rock and the other party then try to reach a consensus on the arrangements if possible before matters are finalised by the arbitrator. Red Rock is following this up over this Thursday and Friday.

Red Rock Chairman Andrew Bell comments: "The parties are all looking to finalise this matter. Yesterday's working meetings achieved more progress than the last 29 months, and we are relieved to now be in a process designed to expedite settlement".

Mikey, you couldn't make it up, some on here are completely clueless.

Imo it's looks like a done deal.

Looking forward to seeing TR1 - to see who has been buying Blacks shares.

Bell: "It's a process, and now I have to pay a visit to the bank and then have another in relation to the financial structure...... so that's my morning."

Nearly there is seems!

It's been a terrible day, all that selling, peeps exiting, lol

Nonsense.

It's pretty clear (because of the sp response during the day, MMs not dropping the price etc) that the purchaser is picking up multi-million of Black's shares because they see a massive opportunity. Get that.

Looking forward to TR1 notification tomorrow.

Plus update on RRR arbitration cash arriving - that would also be very nice!

Good luck all RRR shareholders, tomorrow should be very interesting.

3% = 174M.

TR1 must be soon last couple of days has seen that volume.

Good to see price is very stable, someone very happy to pick up serious amount of stock, don't blame them.

Blueboy keep to the facts, that is not what he said:

"Looks to me like his estate might be nearly out.

DYOR"

I would like to see RNS DRC arbitration settled and cash banked.

Yesterday hopefully achieved the first part (expected) and the rest organising the transfer, also now happening .

Blueboy, from here it is a steal. Go on average down, you might very pleased.

As I have said on numerous times on here there are not too many opportunities like this right now.

Not just about DRC, RRR have some seriously good gold assets. Gold on the rise again and will not look back imo.

The risk v reward is a biggy, the reward being much bigger than some may think. Fingers crossed that today's meeting went well.

Think he mentioned in his broadcast that he would also be meeting the President today to discuss the Koto licence framework being offered. Bell described it as very large licence which would contribute to social housing projects.

A big day for RRR shareholders.

Good luck Andrew Bell!

More misunderstanding of the situation here, obviously sad he has died but the fact is, for those who have researched, First Equity have historically traded RRR on his behalf. It’s called a discretionary mandate.

The executors will have left instructions. His estate still has a significant holding.

RIP William Black.

Banbury, I won't need to filter you, you will fall on your own sword, soon : )

Traders, peeps seem forget you could buy this as low as 0.032 in past few weeks.

Selling at 0.048 profit is 50% profit. Very decent.

But imo not decent enough, by far.

Banbury time to give all of this a rest. How many times, really, you must wake up in the night tossing and turning thinking which one can I repeat today?! Everyone understands your take, about 1000 times since I arrived!

Everyone who has invested here recently knows that RRR has been on the brink, not very difficult to see. Fact: It is the major shareholders who have kept the lights on- yes expensive loans but it is their capital that has been at risk.

But on AIM things can change and in a flash.

You know like everyone else that receipt of DRC cash changes everything, including repayment of shareholders loans, kick start gold production and much more.

Let’s see.

Hoping for good news either tomorrow during or after markets close or Thursday 7am. Only one hour time difference between Kinshasa and London.

RNS 15/1/24: “Over the Christmas and New Year period Red Rock representatives met with various parties in Kinshasa in connection with the pending Arbitration result and to advance the framework agreement with Koto DRC SARL.

In relation to the former, Red Rock has received an official invitation from the Cabinet du Chef d'Etat, which conducted the Arbitration, to a working meeting of the parties next Wednesday, 22nd January 2025, at the Palais de la Nation, with the intention that the matter be concluded and payments arranged. “

The Company will provide an update next week.”

An out of court settlement will be on the CEOs desk first, Bell has publicly said that once the arbitration settled that’s his next move, the legal file prepared.

https://www.mining.com/web/glencore-open-to-deals-as-investors-brace-for-more-mining-ma/