Classic accumulation technique.
This is from 'verdi' on another site..
just having a bit of a look at these -
red rock resources (rrr:l) owns 15% of rsl (see notice a few weeks ago). rrr has a current mc of 10 mil pound. duel listed on the aim and germany
rrr are currently at 3.13p. may gap up on open.
regency mines (rgm:aim, frankfurt rm4) owns 61% of rrr. was tied in with thor. has tenements in png, qld, wa (gold and nickel)
regency and red rock have common directors namely
andrew bell - regency, greatland gold, ormando as well as rsl
ken watson - kenroc mining, co founder of golden mile at the mt pleasant mine, regency, redstone metals
john watkins - regency
robert weicker - chief geo of williams mine in canada (huge)
michael nott
they have tenements in
malawi - uranium. a report from late 06 said that they were going to switch their attention from this to concentrate on the mg project
zambia - manganese with grades up to 46% at 2 mil tonnes
production this year? (not sure)
there is a hydro and a railway nearby
this is a jv with jupiter mines
wa - gold near telfer at around 591ppb. no drilling yet
- iron ore (up to 67%)
tas - gold
sunvest (svs only 17 mil fpo's on issue but illiquid) owns 5% of rrr
now the question is ----
why would red rock buy 15%??
most of the directors of rrr have extensive experience in africa and australia
and i also wonder if there is a name change coming
the top 20 hold 58%
Cheers,
Tangrams
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