Red Rock Resources (RRR) has announced results for its half-year ended 31st December 2021, with Chairman Andrew Bell emphasising “there will be a strong focus on cash generation and creating opportunities for value crystallization”. Time for action, not words though Andrew!
The RNS merely states that all resolutions passed at today's AGM. But, given the speculation regarding CEO Andrew Bell's future, after the piss-poor share price performance of late, Mr Bell is being unduly, and uncharacteristically, modest and not giving the actual results. Luckily, I can assist…
Red Rock Resources (RRR) has announced the Commercial Court of Lubumbashi has issued an executory judgment in its favour for joint venture partner VUP SA to pay it $2 million damages with costs, with there already another judgment for $2.505 million. What of a little changed share price of 0.625p though, albeit at least up from heading towards 0.40p before Christmas?
Red Rock Resources (RRR) announced results for its year ended 30th June 2021 in the ‘no-one-watching-week’ between Christmas and the new year. The shares have though responded up.
Some two years ago, Tom, you made Red Rock Resources Plc (RRR) one of your stocks of the year, and I felt over the ensuing months an added responsibility: that of carrying your colours, with a price target and some promise in relation to hats attached.
Red Rock Resources (RRR) has announced on its Democratic Republic of Congo interests that it looks forward to further exploration activity after it gets results from a last batch of Luanshimba project (Red Rock 80%) drill samples, that it is investigating cobalt-copper and lithium co-operations and that “recent legal proceedings have been instituted by the company's local partner, VUP SA, which relate to the project assets” (VUP project – Red Rock 50.1%). After speaking to boss Andrew Bell, the latter is potentially very interesting.
In bearcast yesterday I discussed whether Andrew Bell would be given the order of the boot at the December/January Red Rock Resources (RRR) AGM where he is up for re-election. There was, I suggested, a reason why some shareholders might feel this was a risk worth taking. Mr Bell has - at my request - responded with his case for the defence. We, as shareholders, can all make up our own minds but a sub 0.5p share price will not help Mr Bell's cause. His detailed case follows:
Red Rock Resources (RRR) has announced that drilling at the 80%-owned Luanshimba copper-cobalt project in the Democratic Republic of Congo has achieved its primary objective in evidencing that potentially significant mineralisation has taken place within the license area. That sounds good, but how significant is it?
