Member Info for orslega

Banbury, that's simply not correct, do you have reason for spreading factually incorrect information?

Mikey is right, RRR has until 18/11/2024 to sort the payment, yesterday RNS.

"The payment of £250,000 due under para 5(c) of the Heads of Terms as previously announced ("Terms") has not been made by Red Rock by 18 September 2024 as required, and therefore the provisions of para 6(b)(3) of the Terms apply, by which a 60 day cure period is allowed for the payment to be made...."

Just checked, on RRR website still shows £250K:

https://www.rrrplc.com/wp-content/uploads/2024/09/2024.09.23_RRR_GM_Proxy_WEB.pdf

Ignore that - it's still the same

Yep, they have reduced their original authority:

https://www.rrrplc.com/wp-content/uploads/2024/01/2023_RRR_Proxy_Form_WEB.pdf

For balance - I wonder why Black is buying more shares with all the doom and gloom looming then?

Isn't he a professional investor....and as a major shareholder I expect he knows a good deal more.

What about another variable then:

Putting DRC expected cash to one side, RRR receives an acceptable offer for RRAL? There are number of NDA's in play here - so who knows?

My point is not really much point crunching numbers until we hear on number of fronts.

He's on the other RRR board:

Red Rock Resources Plc Share Price (RRR.GB.PL)

They have over 5B in issue now.

From memory there is very little headroom for a meaningful placing now - they have since used up most of their authority after the last AGM back in January this year. They would need an EGM to facilitate more.

This is priced where it is today because the company has failed, so far, to execute on a number of revenue generating projects, potential asset sales, DRC monies etc And yes, supported by major shareholders.

The market does not believe Bell will succeed. Just one piece of good news and that changes things, imo materially.

Nothing has changed, the risk v reward right now is still very compelling. I have also been adding.

RRR has some excellent assets, particularly in gold, the place to be right now.

Let's see - we'll know more this time tomorrow according to Bell's interview yesterday.

Fact;’: Last 3-4 weeks the buys versus sells have been minuscule relative to shares in issue.

Most are waiting on next news before action either way.

Https://x.com/ABell2019/status/1835639846309712350

“Red Rock will provide an update across the spectrum of its activities in the coming week.”

Https://www.londonstockexchange.com/news-article/RRR/ivory-coast-update/16665978

Yep, I agree, a very good entry point for sure.

Yes, Bells focus is on collecting the DRC arbitration, he has been Kinshasa last two weeks, according to his X feed he is still there. So maybe this time?

https://x.com/abell2019/status/1835028866814869631?s=46&t=2UqfzXPuF4FvtQuH1teczw

Dicko - check out the gold assets on their website, will give you a good overview.

Above is now out of date as RRR acquired 49% of RRAL New Ballarat Gold: we know there is interest (one offer so far) and no doubt others as more NDAs signed; obviously Southern Cross Gold drilling results have caused much excitement and we hope RRAL acreage (which adjoins theirs to the west). Good timing as the buyout of POW 49.9% was before recent extraordinary good results from SXG and of course gold moving to all time highs.

https://www.rrrplc.com/projects-and-investments/

Burkina Faso production is apparently imminent (has been for some time) - Bell has said this will be large operation, 80-100 staff compliment, so that gives an indication of the size of production.

Bells last chat.

https://www.youtube.com/watch?v=Qu52ZJKJZIM

His BF team have been meeting this week.

I arrived here very fairly recently and see the risk v reward as excellent. On sniff of good news (a few possibilities), we a re-rate, imo. £2.5M market cap reflects does not reflect their quality assets. Gold in particular for obvious reasons. RRR remains unloved right now but that will hopefully change, and very soon.

They’re getting some great results. He mentions the planned drilling going west towards Christina - that’s adjoining RRAL acreage. Could/should get very interesting for RRR.

Https://m.youtube.com/watch?si=ZiD5DpfgZgUpf0xR&v=KxRHoeUs7eo&feature=youtu.be

Reference RRAL: having a look around following Southern release today.

SGX release: See slide 14 which shows Christina area where SGX are planning next drilling - if I've understood correctly RRAL acreage adjoins to the west of Christina: follow the green line where intersections have been occurred, how far will the green line extend?

https://cdn.prod.website-files.com/6164f987875e87a4dbb1404e/66d8d32e6682a037faf1ad32_240905%20SXG%20Corp%20Presentation.pdf

Things of course get much more interesting for RRAL if that green line goes west : )

RNS" RRAL holds 2,281 square kilometres of highly prospective gold tenements in the Australian State of Victoria, with its 800 square kilometres Kilmore tenements now creating some significant interest as they lie just to the west of ASX listed Southern Cross Gold Limited's Sunday Creek gold discovery, and a 560 sq km licence in Southern Australia."

Did Bell say they had signed 4 NDAs in his last interview, think so?

Work-in progress:

10/6/24 RNS:

"Australia: The Company has commissioned its Australian management team at Red Rock Australia Limited ("RRAL") to immediately start a geochemistry programme on its Kilmore Gold Project tenements just to the west of Southern Cross Gold Limited's (ASX: SXG)("SXG") Sunday Creek gold discovery in Victoria, Australia, in order to confirm and map the continuation onto RRR ground of the dyke being explored by SXG, and to develop drill targets."

Nearly 3 months on, RRR must know a lot more more. Maybe with NDA in place they will not be updating the market (it would be my excuse, lol)

Let's see.