Market's view on Red Rock Resources
Published on April 2024
- Rick Rule has been engaging with Power Metal ‘Battle Bank’ PLC; associated hopes extend to Red Rock ‘Battle Bank’ PLC due to these interactions.
- Comments suggest exploration at Luanshimba by RRR is stalled, with no advancements in Lithium or copper recovery. Disappointment expressed over the lack of progress in Burkina Faso interests sale and Musonoi Arbitration issues.
- Gold recovery noted, but uncertainty remains high regarding other operations including the start of operations in Burkina Faso with Wagner’s involvement.
- Observations on management practices, questioning their integrity and decision-making processes.
- Concerns raised about legal implications and potential outcomes, particularly in relation to Glencore’s activities and their impact on the mining industry, specifically about copper and cobalt mining.
- Discussion on the strategic shifts in commodity focuses, particularly the re-emphasis on copper, given new economic conditions impacting investor decisions and potentially inflation rates.
- Speculations on additional security measures being potentially necessary in Burkina Faso, hinting at possible instability or safety concerns.
- Mention of upcoming opportunities and developments in Burkina Faso, including significant investments by West African Resources Limited.
- Theoretical discussions about engaging new investors to inject capital into specific mining projects.
- Commentary on the overall performance and strategic decisions of RRR’s leadership, questioning their long-term viability and strategy execution.