Well that IPO has not happened as CEO Matt Lofgran appears to be holding back waiting for an improvement in the sector.Red Rock Resources PLC LSE AIM RRR sees Elephant Oil Corporation Nasdaq: ELEP IPO this week 13 March 2023.
Initial public offerings scheduled to debut next week
NEW YORK (AP) — The following is a list of initial public offerings planned for the...www.thehour.com
On the NBGC (RRAL) assets in Australia. Both Power Metal and Red Rock are awaiting assay results from the former Berringa Gold Mine area. Any thoughts of a sale or IPO before these are known is just shear bunkum. The upside for later in the year is the improvement in the gold price and gold shares down under. The second half of this year may well turn out to be the right time to go for an IPO on the ASX or sale. The other option may be a company like IGO becoming interested in paying for exploration in return for a percentage. They pay cash up front or/ and buy shares in a company as a normal practice - noting ASX: BUX. Basically, Red Rock has a good number of upside interests that are very interesting. This should see the shares rise rapidly if they come off. The downside is if the roof falls in weighed down by short-term debt (reported by SimplyWallStreet at A$6.23m - Https://simplywall.st/stocks/gb/materials/aim-rrr/red-rock-resources-shares) and cash requirements. |
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