Member Info for specinvestor99

In Canada when a public company makes an unsupportable statement the public company has to issues a news release (public statement) withdrawing that the comment and replace it with what is supportable..

The regulators go to great lengths to avoid any action which negatively impacts the public shareholders. In extreme cases they can force additional management actions to prevent such unsupportable comments and if that is not sucessful take action to remove that bad actor from being involved in a public company

Helpful - to be clear IF RRR does appear in the Sunday Telegraph it would be on Sunday Nov 5th?

also a non resident is that likely to create buying interest? Is there any track record of the Sunday Telegraph 'hot tips'.

These are usually non events in Canada so I am just curious and perhaps something to look forward to next week

Banbury-RRR will continue to exist just as most public junior Canadian stocks continue to exist even after multiple failures. Why? reverse stock splits, name change, new management, new projects. My comment does not mean that the current RRR shareholder can suffer significant losses which is certainly possible.

Currently RRR holds significant upside from: DRC cash and Lithium-both waiting for more information. Further there is a significant gold asset in Kenya.

At least in part the recent AGM is driven by RRR's need to document to their auditors that RRR can raise additional funds to demonstrate RRR has access to necessary capital for the next 12 months.

The public company (RRR) files consolidated financial statements which includes RRR coal. Since it is not apparent on the consolidated financial statement that this debt is reflected then it could be eliminated in consolidation if there was an offsetting receivable on RRR sole accounts. If the RRR Coal debt is to a 3rd party then the issue becomes does RRR (as a separate legal entity) have a legal responsibility to pay the debt of its subsidiary. If not then the again a non issue.

Clearly the auditors are aware of this issue and are comfortable with providing an opinion on the RRR consolidated financial statements.

Banbury In Canada its a mixed bag. You have to be willing to in $50,000+ to get their attention. Even then it is common for a financing from a brokerage firm to come with it: investment coverage, brokerage firm recommending the shares to their brokers

Banbury - re make offerings available to other shareholders

In Canada and the US this can create legal securities issues since it could be construed to be a 'public' vs a 'private' offering.

If you truly have an interest then I would suggest contacting the CEO/CFO and let them know of your interest and how much you are prepared to invest.

Theeduke/maidit there is no debt in "RRR Coal Ltd" -The link is shown below

There is 1.89 million receivable which was written off and shown as "Reevaulation Reserve" so the net effect is zero

here is link https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/G2SYXXgiQPrS1kiivolmunJxCwz5WmzRA83B22r7QSI/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3L5KXRDEB%2F20231101%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20231101T222208Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEOH%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCIG4%2FLFaddKxEPgsZ9eRtRHSg3iNnSovyo0WfaH9SyPmPAiAwe2l8Ld4NxAyUm8U%2F6mvzQ0cb3ch9ps4qJ0lCZFrDJSq7BQgaEAQaDDQ0OTIyOTAzMjgyMiIMgqy6d7z61MASlWLEKpgFX7e4kQ%2BVF0jAPJSL9x57ZU1ahtVhPJrJmHxTBChhBAunqUjLQbv2jC3SrsEbjkPl8bNFBN2AsBXbVDYtvd%2BQScSl4VozAVGWVpaCbHhD%2BNpplyZHiQH4whFoDlkQw4t%2BH8c2hXqcOLlFW0%2Bw87L%2FoavNpKhMsef8fEuYxUm4EfOWorxdkfXs2%2F8H4Iy5Jv2zUGfb5Fr%2FyNu8pQNFTmWeB3DM0pRNM1AJqdx1kVYJSC8qym%2B99lmMlFT%2F62BuLWMrdI0rKN%2F3UVXomKBcnGa864fOU%2FBWdpdYSb7F9jgOxiGjT0ansv8bSR5ri69C3akoJwTErnwgJ13zI1Iydv7Y%2Fx2XTp5n%2FDFlCOHahfq4Jc2jPH1zLPDqOfH%2BYiQHWphT7scjellfDmASOpLiOuxRak6y18ThoaO7OaHynYIlN2UCac9xqtUZCTeKRFCqvdm5fXwpeLe9cTrnb0V%2Frac%2BK1atjjL1XiPOluTX%2BeAA9Dn1yPK7esRt3dLYOvqZmhLjzWXIeFtbbclspaINJeKVCCJv3U%2FbSAosJj8aqvcmq9uOZ3GcvqmtdF0GcNPo%2B1xqzjB6yim69JE2peR8%2FeZcTjeEE%2BV8B0dMULonpB3bBYlCMaQKXlpEXVv6aeUOmZT6%2FPq%2BhpqigZcdwyWJwFLxJEy%2Fr0DtJOr0s%2BwQMsmWGJKrtlXioyrwjeKYons3ptcm8XgdjkP%2B9uu5%2BlQvNM2cJraTvIVm%2B0L%2Bw9xIgbJjhizr%2BAAK4Lwli8WIl3CZVDFgElU9%2F7gxaFgy9tzvL3lICEWdgD53z7JX3jzlk6jEL1040ug0%2BjBrSOukPZH5ffCjJ5MDNFZsW1aoTjHwVBZViqspiIC5YwEBtLdPaVBuX5uKrRiGRK4dbjCqi4qqBjqyAQgS9QYdcxYhikIlbFmsR9xVNpyohusCAE4yQTWaTNSviOl07a5AGjGO1gJhJL%2F6y6LyfkIXcgELVyaljLMnNXkjwaKJ6XxTYuILOQaSecMPEH%2BOZweSOM1BsJF1%2FRLayFUm7qE0AJ%2FzcrtW0%2FS0IOCBcKpY3wSeycwv%2BWPgvyW0pXtc3MvxbdW9NR3YtrTl11dg059oPAPRyjBfCPR9zLJHHquYVo8LbxIgejvNYbu9BD0%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%2211857467_aa_2023-03-31.pdf%22&X-Amz-Signature=11017dba3aed8d2a9708a3e11d9079b207373c06fd99e18af579572c629e79e0

Banbury

I dont think you are correct If the coal subsidairy had debt it is reflected in the consolidated financial statenent

RRR has consolidated financial statement which consists of the following:

Company Country of

registration Class

Proportion

Held

At 30 June 2022

Proportion

Held

At 30 June 2021 Nature of business

Red Rock Australasia Pty Ltd Australia Ordinary 50.1% 50.1% Mineral exploration

New Ballarat Gold Corporation Plc UK Ordinary 50.1% 50.1% Mineral exploration

RedRock Kenya Ltd Kenya Ordinary 87% 87% Mineral exploration

RRR Kenya Ltd Kenya Ordinary 100% 100% Mineral exploration

Red Rock Resources (HK) Ltd Hong Kong Ordinary 100% 100% Holding company

Red Rock Resources Congo S.A.U. DRC Ordinary 100% 100% Holding company

African Lithium Resources PVT Ltd Zimbabwe Ordinary 65% nil Mineral exploration

Lac Minerals Ltd UK Ordinary 100% 100% Mineral exploration

Lacgold Resources SARLU Ivory Coast Ordinary 100% 100% Mineral exploration

Faso Minerals Ltd UK Ordinary 100% 100% Mineral exploration

Faso Greenstone Resources SARL Burkino Faso Ordinary 100% 100% Mineral exploration

RRR Coal Ltd UK Ordinary 100% 100% Holding company

Jimano Ltd Cyprus Ordinary 100% 100% Royalty Holdings

Red Rock Galaxy SA DRC Ordinary 80% 80% Holding company

Theeeduke-LOL yet you are still here. AB lives rent free in your head

side note-with smart phones does anyone actually use a watch anymore?

Bashers- The sky is falling

More shares will be issued

RRR will soon delist

Nothing will work

Other views

Gold price is rising

RRR share price is up over last 30 days

RRR trading volume is up

Lithium offtake agreements under disussion, which took place right after planning meeting with potential mining contractor

Time will tell if AB/RRR/ALR can actually deliver

Tricky No stock goes up in a straight line. If you think there is a predictable pattern then by all means buy during week and sell on Friday.

RRR shares are up in the past 30 days. I am of the opinion that the risk is greater than the reward

LOL RRR shares are up so its desperate times for the bashers

Robins talking to 5 Chinese buyers is not really material news, however reaching an agreement would be news.

Questions-Do the 5 Chinese buyers represent the same buyer or different buyers. Interest from more than 1 buyer would be more involved than dealing with just one.

IMO something material will soon happen---Hold on for the ride!!!

Banbury-Seriously, you dont believe RRR be around in 10 months?

Maidit- You do realize that this is a chat room, right?

Banbury 1) no authority That was not a 6 month process, probably less than 1 motnh

2) 14 months later bad actors tried the same approach and AB did not bite---- Yes AB mentioned it but AB made it clear he is waiting for the arbitration award .

Banbury Correct the reason I invested (2022) was Congo and at that time i thought the time frame to cash was 2-5 years.

emphasis on YEARS-- not days, weeks or months. What I got wrong was AB belief that Congo cash would be much faster and got involved in multiple projects all of which needed cash. Thus when Congo cash did not happen resulted in huge share issuances. Right now it looks like that Lithium will work out and Burkina Fasa looks really good too but that needs cash for more exploration. I am not impressed with the Australian properties and the IPO can not happen fast enough to stop the cash drain. Kenya needs a JV

Banbury I got a laugh out of this one. a) it was not six months but it was trip b) despite that knowledge numerous posters here have expressed a desire that AB restart discussions with that fake Congolese to get the Congo cash flowing.

LOL

The takeaway from my comments is--some things AB can control, some things AB has influence over however the vast majority of things which influence share price AB/RRR have NO CONTROL over.

AB can deliver more gold and the share can still go down

Robins some comments

1) more gold is always better than less or no gold

2) more gold does not mean higher share price- there are other factors at play which can eliminate or reduce that positive

3) a higher price is always better than a lower or flat gold price.

4) a higher gold price does not mean a higher share price-- there are other factors at play which can eliminate or reduce that positive

Due to various risk factors a higher gold price will first be seen in producing companies (large to small) and then the financing activities will increase for exploration companies (ie money is available for exploration) So monitor financing made to junior companies for $ moving into that sector