Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Have a read of the article on Share Prophets and then do some research of your own. Not a good idea to be looking for advice on these bulletin boards.
Good luck.
Oh great, another link advising us of the merits of investing in copper. This I understand. I think what you fail to grasp is the company's inability to successfully progress their opportunities.
Oxbury, i've had exactly the same thoughts in the past. It's tempting but I'd not recommend it. I've held since 2012, topped up/averaged down three or four times since then with similar amounts. However many times I've thought 'this has bottomed out, surely' it then just goes lower and there's another placing. Just my view (based on factual history), I'm sure others will tell you it's going to multibag from here!
I am like 90% down.
Pumped in over 5k over the past 8 years lol I dread to think what my average is but I have a spare £250 kicking about and thinking of making my "-90%" overall slightly better lol Or shall i just put it somewhere else?
Anyone got anything positive about this company as it hits 0.57......
Today's RNS adds a perfect footnote to the comedy gold posted here over Christmas:
"As noted in November, Red Rock remains an attractive destination for funds in poor market conditions and it is our aim that the Company will continue to remain liquid at a time when attractive opportunities may present themselves."
An attractive destination for funds?!?!?
Why would he do that? You can only conclude that they are secret lovers.
It seems the sage has tipped RRR as a ten bagger under his hot stock rockets page.
For instance
next door
https://miningdataonline.com/property/1070/Musonoi-Project.aspx#Geology
You may have missed it but this is a bulletin board about RRR. Given that RRR has six copper and cobalt licenses in DRC (three production and three exploration) what happens re copper and cobalt and in particular what happens reference copper and cobalt in DRC is highly relevant. I am sure that if the copper and cobalt prices were going through the floor the ex-Wives Club would be all over it.
I make no comment, merely posting the resource. Form your own views.
NB from the RNS dated 19/12/2018
"A report and plan is scheduled to be submitted to local partner La Générale des Carrières et des Mines ("Gécamines") by the end of the year, and the Company has been preparing this, collating a large quantity of historic data and working with its consultant geologists Minex Consulting SA to ensure timely submission."
So a plan, even if not The Final Plan, had to be with Gecamines by 31/12/2018: it will be interesting to see what that says.
Why not discuss the licenses, where they are, where they are in relation to other mines down DRC way, what the likely resource is etc. Musonoi is the one of immediate interest. Remember, AB did an interview where he indicated that they thought there was 375k/400k tonnes of copper to be recovered (excluding the exploration licenses). So far the only commnents have been, "it can't be true, AB and RRR are involved". If you look up the cadaster it will show you exactly where the licenses are.
DYOR
First RNS of the year.......RRR kicking their debt down the road.
Carry on...nothing to see here
Probably got some hands in the pie.
Got to pump his clients shares at the end of the day,
Why do you keep posting information about copper and cobalt? We all know they are important elements in the manufacture of traction batteries but with this company's history of cocking up projects they will be of little use to the ordinary shareholders.
Why don't you post on Pere anymore?
I have a life.
Anyway, seems like someone has been buying or closing a short. A lot of small trades today. I can't see that RRR has been tipped anywhere.
Helpful?
Given up his campaign?
I find this perhaps the most disingenuous statement from that little missive of nonsense:
"If we can achieve that in the course of the next 12 months, we will consider that the Company has made another great step towards maturity"
Mr Bell, what prey are the other "great steps" that the company has made to date?
All I can think of are ones that have been taken backwards.
I cannot wait for the dividends. How do we allow this double act to continue.
Outlook blurb from Annual Report Nov '18
"Forward Prospects
We look forward to an increasing gold income stream from royalties supplementing our flow of manganese-derived dividends from Jupiter, and hope for profits or capital gains from our ferroalloys business at Steelmin.
Our key opportunities for growth and expansion in the near future we expect to be in our Kenyan and Congolese activities. We shall therefore concentrate on the maximisation, by transactions, exploration, or development planning, of the value of these assets to our shareholders and our share price. In doing so we hope to add profits from copper and cobalt to our revenue mix.
We shall renew and refresh our marketing, public relations, and social media as part of a process of shareholder engagement and regular market updating. As the market recovers, we expect those companies that communicate better to perform better. We shall as last year state the objective clearly: we want to unlock the discount between the true value we perceive in our stock and the market price, in the interest of all our shareholders and to enable the faster development of the Company.
As we raise our revenues and profitability, we shall turn our focus on to how we may best return some of that that value to shareholders. Our next target will be to obtain a level of stable revenue that will permit either share buybacks or a sustainable dividend. If we can achieve that in the course of the next 12 months, we will consider that the Company has made another great step towards maturity: we add this therefore to our Key Performance Indicators for this year and the next.
Andrew Bell
Chairman and CEO
22 November 2018"