|Red Rock Resources
||EPS - Basic
||Market Cap (m)
Red Rock Share Discussion Threads
Showing 43026 to 43048 of 43050 messages
|Before or after the next placing ?|
|62 Million shares traded. With all the late reported trades it's impossible to work out the buy/sell numbers.
Will be interesting to see how this plays out in the coming weeks up to receipt of the £.5M from Jupiter.
Charts suggests 1.2p a possibility:
|Feel sorry for those spiked by the ramp merchants. AIM is a real cesspit.|
|They are full of suit and not gold go and work for your money,your days are numbered
Mr Andrew Bell Chairman Red Rock Resources Plc
Mr Scott Kaintz Director Red Rock Resources Plc|
|We've all seen it before.
Remember the £12 - £16 million we were going to get for El Limon ??
What about the £20 million+ for Greenland that was in Escrow in Cyprus ???
Kenya anyone ????|
|fillipe - isn't Bell end trained in law?
With his narcissist ego then surely he'll represent RRR in the legal case and charge the Company accordingly for his legal services
I mean, what could possibly go wrong ?!!!|
|Yes well I suppose because nobody trusts bellweather we could see a somewhat unique devaluation in the company's market cap due to cash inflow!|
|An amazing speed of decline from the earlier enthusiasm of today, although I can quite understand why.
The Columbia wrangles, and worse the ensuing legal stuff, will have many standing well clear of anything becoming acquainted with lawyers fees and the precious time which suchlike inevitably consumes.
|@atinos aunt ettie
Down she goes, where she stops no one knows!
Spike is clearly over. Pumpers made their bucks at the expense of mugpunters who will learn the lesson the hard way as most have here.
I put my faith in the bloke standing on street corner in town, he gives me tips every time I walk past and he's been uncannily correct for years. Saw him again this morning. As I walked past he shouted repeatedly "Big Issue !".
Who am I to argue?|
|He has ALWAYS been at the front of the trough - and will always be. This is his little fiefdom and the shareholders mere canon fodder. The usual metrics for evaluating a share do not apply here.
The sage of Omaha, in his inimitable style, sums up our rotund fellow quite succinctly:
“You're looking for three things, generally, in a person,” Buffett tells us. “Intelligence, energy, and integrity. And if they don't have the last one, don't even bother with the first two."|
|A clever corporate financier would finance taking 10% of RRR, calling an EGM, sacking Bell-end
The share price would then rise to reflect the value rather than the current discount for this being a Bell-end vehicle
I think that is the logical conclusion to what JSDPDPSJSPD is trying to say
I'd also put a forensic accountant onto the books to see if Bell-end had broken any rules in any of his dealings so the Company could sue him for malfeasance.|
|JD - hahaha! sorry bud, that ain't going to happen.|
|I think the market response to the latest news from Jupiter tells Andrew Bell he has to do more to prove to the market shareholders will receive any Jupiter sale proceeds. The problem now is with the warrants he has just issued himself and staff pushing the price up to fast will not look good. What would look good is making an amendment to the issue price from .8, 1.2 and 1.5 to 1.5 2.5 and 4.0|
|JDS, I suspect you know exactly what is going to happen with the funds.|
|10572 - good informative post|
"Bell-end, nobody trusts you, you need to prove you aren't going to thieve the Company assets"|
|I think Andrew Bell should make a statement saying Red rock will return to shareholders a high % of any sale proceeds from any sale of the Jupiter shares. I think its time for long suffering shareholders to receive something back. In this way shareholders can be confident benefits of the sale will benefit shareholders.
Come on Andrew its a long time on the plane home so work out how you can do it.|
|When will the market get it?
If you look at the Jupiter presentation for the valuation of Tshipi(see below)
If you take the mid price that’s about $2500m so RRR 1.2% is $30m that’s a share price of over 5p for just the Jupiter shares.
So Jupiter are also reviewing restarting Mount Ida. That is worth a lot to RRR because of the .75% royalty and the balance that would be due from Anglo for the .75% already sold. That must be worth 15m+. All in all the Jupiter assets and royalty could be worth 7 to 8p a share.
Not sure when the market will revalue RRR but it will.
From the Jupiter meeting a valuation at the different exchange rates and sale price.
Tshipi – Valuation
US$m - 100%
Metal price - US$/dmtu
4.00 5.00 6.00 7.00
Exchange rate - ZAR/US$
12.00 1,085 1,804 2,540 3,277
13.00 1,286 2,060 2,843 3,625
14.00 1,488 2,316 3,145 3,974
15.00 1,698 2,573 3,448 4,323
Mount Ida & Mount Mason Iron Ore Projects - Update The iron ore price has somewhat recovered from the lows recorded at the end of the 2015 year.
The favourable iron ore price and exchange rates means a review of these projects is warranted. Iron ore exporters at Western Australian ports are running low on ore. Mt Mason and Mt Ida can provide immediate production and long term resources. Source|
|The Colombia runs made me chuckle..
"Further, CML/PRI have stated an intention to pay Red Rock's Royalty on gold produced only from gold produced from underground at El Limon and not including gold produced from the mine's processing plant that is derived from material sourced outside the license boundaries. Red Rock is seeking to ensure that the Royalty covers all ores processed by the gold processing plant included in the Sale of the El Limon mine and located at the mine, as originally intended by the parties. "
looks like AB wants royalty on all gold processed even when it's not from The Lemon.
Obviously I am not party to the full agreement but either way you'd have to be on drugs to agree to this.
I mean....hello cake, I'm going to keep you AND eat you....lol
Good luck with that.
I have just found where the cash from Jupiter is going to be squandered....|
|Unfortunately for stig , and I do respect your views, it would seem even Bellend can't screw this up this time round - he'll be hanged|
|The fact this is only 0.8p when they've just said it's worth 2p+ shows you the 'negatives' were right.
Bell-end is an atrocious CEO and is the primary reason the shares are given a Discount rating
Let's see how he screws this up / or tries to enrich himself at expense of shareholders like a typical greedy crony capitalist|
|Break overhead resistance at 1p and it's a big move to 2p on the cards|
|Sorry to all the negatives out there but said it from the beginning fresh investors were needed and they are now here and and see the massive up side 5p in time|