Member Info for talkinto

News - I don't have to be CEO - I have read and also copy and pasted what was stated by the company for Nike only a few days ago.

You cannot deflect this one with waffle I'm afraid. The company said they would update once equipment arrives and is installed, along with any other milestones.

Have they updated on equipment arriving and successful installation yet?

So when they say moving toward production that is vague. I'm moving toward retirement but it doesn't mean it's imminent.

Cool story... how much gold has RRR got to sell today for $2,484?

Helpful - I agree with you on why pay for it if you don't have to but the question is why have they delayed this if they had backing to pay it - they never did this on the last payment. Is it because they genuinely believe that DRC payment is finally imminent or because backing has softened?

News - no it is not any clearer than when they were 'moving to production' by outlining plans much earlier this year. Plus, yes they do have to give minute by minute update if they advise shareholders via RNS that they will update once equipment arrives and is installed along with any other milestones achieved. They have not done this yet which means the equipment still has not arrived and been installed. Agree?

I thought they had stated they had the backing of major shareholders to pay the £250k so why the need to request an extension???

Any mention of equipment arrival and installation - NOPE

However the final line is really interesting and one that everyone will be waiting with bated breath for...Let's hope 'coming days' actually means 'coming days'...i.e an operational and financial update will drop before next Friday latest.

C'mon News - You of all people should acknowledge things change between postings...

I recall you stating in a post you NEVER average down having bought in at 0.08 only to state recently you're in profit at 0.055.

p.s to clarify, no I won't be putting £40k into this dog anymore... I may punt a portion of that on DRC RNS landing IF IF IF IF it ever actually lands.

But if I was a betting man I'd say more dilution and legohead interviews arrive before DRC payment, asset sales, lithium sales, gold production or even equipment and installation at BF & El Limon royalties

...Or they could just actually try and deliver something they write in their strategy document for once...on time and under budget. Over deliver & under promise for a change.

But wait... the equipment still on its way & DRC cheque's in the post I presume so definitely some jam tomorrow if you're not diluted to infinity before that point.

Wont' even bother commenting on sales of non-core assets and lithium. Oh wait, I just did.

Thanks BB - either way its looking like another c.10% share dilution again this week then for POW payment?

Assuming the £250k from a major shareholder is given in exchange for shares at 0.045.

Does anyone know how many shares RRR has ability left to issue - keen to see how much more can be raised and the likely dilutive impact it would have at a 0.045 per share.

What a load of waffle...11 mins of noise which gave zero confidence to anyone.

Why oh why this legohead interviewer cannot ask sharper questions and have even sharper follow up questions is beyond me - his questions last nearly as long as the boring and vague waffled answers.

If you're reading in legohead just use the below template...

Why is the equipment not yet on site AB when you planned for EARLY July

What date will it arrive

How long is commissioning

When do you plan to make 1st gold sales and what size are you forecasting

How are you funded to end of the year

How are you paying POW required payments

Why have you not sold any assets to retain shareholder value

When are you going to sell the 200mt lithium to support needed funding elsewhere

Do you have any more than 200mts of lithium to sell to support your required funding

Have you considered taking shares in lieu of salary to support the share price and show CEO faith in RRR

Any idea how much and when you expect to start receiving El Limon royalties

Do you have a message to your long term shareholders

These are really simple questions even someone without a journalistic background can think up.

But don't worry folks...everything is close or imminent or happening soon or shortly or days away or months away I think or I believe or I hope...

UTTER TOSH

Nike - if you think RRR is in a good place, do you also think long term shareholders are in a good place?

I.e. those that bought only 6 short months ago at c.100% of today's share price?

Do you think the views of RRR are aligned with creating shareholder value?

Your views seem incredibly biased to the positive side despite the sheer lack of positivity, deliverables or targets being hit by RRR.

Still no update on BF - so zero milestones hit

beyond acceptable levels of dilution

CLN roll overs - not updated on latest round

borrowing from major shareholders to pay down even the pettiest of debts - c.£30k and 180k recently

Equipment to produce gold expected in April, then July - it's now August and still nothing

AB being cryptic and stating he is somewhere in Africa rather than giving the detail

DRC payment imminent 2 years ago - still waiting

ELEP IPO - failed how many times?

RRR stating may sell assets to raise funds which never happened

How are RRR paying the salaries currently?

Not loaded question but I'm keen to see where you see the positives here given what I can only imagine your average is wel above today's spread - Are you continually topping up to bring your average down which in turn increases your financial exposure on RRR?

Nike - Whilst I admire your optimism on the wording I view this differently. Either way, there has been no updates from RRR which suggests absolutely no milestones have been passed.

This is despite the company announcing they expected production in EARLY July.

Are you not wondering why they have not even updated the market on the reason for significantly missing the last target of EARLY July which was already a significantly delayed target from the original offering?

Nike - We = RRR since the extracts are all from RRR releases. I posted the dates with the extracts but for the avoidance of doubt here are the links for you also:

05/04/24

https://www.lse.co.uk/rns/RRR/drc-and-gold-assets-update-go47nqh0folvr71.html

10/06/24:

https://www.lse.co.uk/rns/RRR/update-on-burkina-faso-australia-and-drc-3kjbsrgudqljzk2.html

Nike - 05/04/24 - extract below:

Burkina Faso

Further to the Company's announcements of 24 January 2024 and 27 February 2024, and the Interim Statement of 28 March 2024, we note that the Company has stated that it will report as equipment is delivered and installed, and as other milestones passed.

Additional extracts below from 10/06/24 release:

Andrew Bell, Red Rock Resources CEO, commented:

"Progress towards continuous operations in Burkina Faso continues satisfactorily. The scale of the logistics operation is considerable, and involves overcoming regulatory challenges at the points of both export and import. Further announcements will be made as we progress.

· Gold testing and production equipment loaded on container on way to sail for Burkina Faso

Although maritime container rates have also increased, this becomes the preferred option, and enables the Company to bring in extra equipment.

Simultaneously, initial earth moving and trucking equipment will be transported from Europe, with generators and other equipment. Target arrival times are early July, again subject to Government delays.

RRR has not updated on arrival as stated above which must therefore mean the equipment has not arrived. Why not when it was expected via sea in EARLY July?

RRR stated they would update the market when equipment arrived.

Is no one concerned that we are now mid-August territory and still no news????

Did they pop it on a rowing boat to save further shipping costs???

I do get the feeling this company is moving closer toward current shareholder wipeout rather than life-changing multibaggers and long term shareholder wealth generation.

Swish - have you tried buying multiple smaller quantities instead. I cannot dummy sell my holding without being offered negotiated trade but I can sell instantly in £5k sums.

Mozax - I reached similar conclusion and invested recently. It seems like a good entry point given the company's financial position and early stages of sales - I expect multiple sales RNS during the next 4-8 weeks as others follow suit on today's news.

Risk/reward for me looks good.

Todays buying presently outweighing sells 7.8m to 4.8m so no real concern on this presently from me.

Roger/slacker - I see this differently having looked at this company in some depth.

They have enough cash to last the year and are only a week in from gaining the required NICE sign off and current burn rate is only £400k per month so okay for next 8-12 months.

NHS would not be setting up buy contracts prior to the report - why would they waste their time doing that. But they can now...

Now this is in place it will take some time to gain traction but once one sale is made I expect it will be a domino effect and also will result in repeat business.

I've therefore recently taken a position in this just below the 3p mark. I will monitor closely until price loses volatility seen the last week.

CEO removed and mcap rises is a promising sign also - suggests value in the company rather than the former leader.

Duke -if you're calling can you ask them if the equipment has arrived yet too - I don't expect this is market sensitive so no reason they shouldn't be able to give you a straight answer is there considering they previously stated it should be there in July...

Helpful - ref your 12:16 post yesterday...

Q4 starts October 1st and continues to December 31st. We are in August so yes it is months away...

I ask again, how will RRR fund themselves until then because its not looking likely that cash flow from Faso is starting anytime soon is it.

April missed

June missed

July missed

August...follow the trend

CLNs - no update

DRC - no update

Funds - no update

borrowings - no update

equipment arrival - no update

AB's whereabouts - no update

Who is at the wheel here and what are they doing?