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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Red Rock Resources Plc | LSE:RRR | London | Ordinary Share | GB00BYWKBV38 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0575 | 0.055 | 0.06 | 0.0575 | 0.0575 | 0.06 | 2,253,779 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -2.67M | -0.0011 | -0.55 | 1.49M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/8/2019 11:21 | Another article here explaining the extent of this awful cobalt depression. WEAK COBALT OUTLOOK "A Japanese trader told S&P Global Platts he expects weak cobalt market conditions to continue due to ongoing slow demand and oversupply." "At the moment, cobalt consumers are taking a wait-and-see position in the market. They purchased a lot before, demand is slow and weak, but demand will come back in two or three years from the electric-vehicle battery industry," he said. "The suspension of Mutanda should put a floor under cobalt prices given the extent of production removed from the cobalt market, which is likely to make purchasers nervous," Hamilton said. "This effectively removes the surplus we have in the cobalt market over the next couple of years." So 2 to 3 years I personally can't see this helping RRR's DRC ventures going anywhere any time soon. What is there left to ramp here???? Greenland failed and was sold off for just £1 Ivory Coast went nowhere Shoats Creek failed and is being written off Steelmin has failed and is in Administration El Limon royalties are paltry and pretty meaningless Migori license got revoked and they are still fighting to get it back Meanwhile this BOD spent approx. £850,000 just on Admin expenses last year They also frittered away a further £1.1m on an unsecured loan to Steelmin which they didn't RNS to shareholders. That money is now lost imho. They also made loans and transactions with Amulet Diamonds which they didn't RNS to shareholders which they have since said they expect to write off. Things really don't look very good at all to me personally Extremely glad I didn't fall for Noirua's ramping nonsense and punt this POS ! DYOR | torp | |
08/8/2019 10:37 | Noirua, echos what you have been saying all along and makes some others comments a little redundant. Guess what Torpee, Cobalt prices heading for 10% rise this week. | clunes100 | |
08/8/2019 10:07 | It's all about the new adventure in Coal. And Candy Sweets. | kemche | |
08/8/2019 09:43 | Glencore halts production at world’s largest cobalt mine – where will prices go next? 7 August 2019 | noirua | |
08/8/2019 09:41 | Mining Maven broadcast with Chairman Andrew Bell: | noirua | |
08/8/2019 09:33 | Cobalt price rises on the world's largest mine closure. A big reduction in cobalt supply. | noirua | |
08/8/2019 09:17 | You just couldn't make it up could you scally ?!! Clowns every last one of them but the experienced can see the utter desperation in their antics and nonsense posts which for me suggests extremely highly that there is a placing being lined up which they have participated in. This sudden and imho disastrous news for DRC cobalt, is therefore badly timed for them. I wonder what price the next lot of useless confetti will be at? My guess is 0.40p. So I'll personally be watching out for lots of trades around 0.45p which will imho likely be placess flipping for a quick 10% profit. Of course you may choose to believe that Bell will sell down some of the crown jewel JMS shares instead of diluting shareholders with useless confetti. Believe what you will, each to their own. After 7+ years following this BOD's antics I've found them to be pretty predictable TBH. DYOR | torp | |
08/8/2019 06:12 | so a large cobalt mine closing because of the collapsing price is a plus point for building a new one (assuming you find cobalt in sufficient quantity). That takes the biscuit. I thinks that's about as likely as Mount Ida Royalties being > $1 | new_scally | |
08/8/2019 00:17 | lol at Noirua and Ettie. You failed at mining iron ore in Greenland Failed with gold in Ivory Coast Failed with gold at El Limon Failed with oil in the US Failed with steel in Bosnia It's just a long list of failures Except that from the BOD's perspective they're all successes because they each enabled the expenditure of a ton of cash on admin and other expenses. Nothing for shareholders though except endless dilution and an utterly destroyed share price. What next? Yet another share consolidation, rinse and repeat?? When is the inevitable placing? Obviously imminent given Noirua's manic behaviours today imho. Same old, same old And as for scaremongering???? This POS share doesn't need it. The BOD actions, especially concealing loans and transactions from shareholders, is enough to ensure it's a disaster for shareholders. Just 4 trades today, 3 of them sells Just 4 trades yesterday, 2 of those sells 2 on the 5th 2 on the 2nd 2 on the 1st Yep this share sure is the big time !!! Really, how are you planning to get another placing away? There just aren't the mugs out there to take up the useless confetti. Vulpes pilum mutat, non mores DYOR | torp | |
08/8/2019 00:07 | Not a big fan of watching an expert on things who is not a billionaire. Those that can do, those that can't invest in RRR. | kemche | |
07/8/2019 23:40 | Torp/kemche, there is a video in the header to watch old chap. Be a good man and listen to it. Then you will see and understand the whole picture. Remembering one big mine closing means less cobalt and a firming of the price. | noirua | |
07/8/2019 23:35 | And raiding the coffers until nothing is left bar an army of destitute souls. Or investors as they once were. How many has Ettie consigned to penury? | kemche | |
07/8/2019 23:33 | We are not a cobalt miner - small or otherwise. We are peddlars of dreams and wild goose chases. And epic, gargantuan failures. | kemche | |
07/8/2019 23:31 | Have you learnt nothing at all from the coal debacle at RGM you numbskull? But never let it be said that you learn from your mistakes - as has been proven time again at every single one of your companies. Utter charlatan! | kemche | |
07/8/2019 23:29 | I'm afraid your scaremongering about a cobalt mine closing, the world'd biggest, has flopped Torp. All the small cobalt miners are celebrating the good news. | noirua | |
07/8/2019 23:28 | Secondary coal recovery from slag heaps is a tried and tested method where risk is low and the napkin numbers are good. Endeavours such as this may be worth looking into and pursuing when the time is right. A poem to end on. As one looks around, opportunities abound. | atinos auntie ettie | |
07/8/2019 23:26 | Oh and how much are you participating for ? | torp | |
07/8/2019 23:25 | LMAO Noirua What a fraud you are ! All your true colours came out today. Epic fail | torp | |
07/8/2019 23:21 | Explanation: If the largest cobalt mine closes then less cobalt will be available. This should cause firmer prices in 2020. Gold price goes up so those holding gold assets will see a higher demand and value of their holding. Most will have realised this. For the few who deliberately pretend not to - a little help guys from a friendly face. - As clear as clear can be. If I owned a local shop and a large shop closed down then that's just fine. The largest cobalt mine in the world closes. Yes, of course that's fine as well. | noirua | |
07/8/2019 19:32 | Another here, cobalt situation has been known for ages: "Prices slump as 2019 bearishness filters through to international metal market " "Global cobalt prices came under mounting pressure in December, with the bearish outlook for 2019 and forecast oversupply showing no signs of relenting and sellers rushing to get stocks off their books ahead of the year-end. | torp | |
07/8/2019 19:29 | More Cobalt oversupply articles, predicted/known ages ago, ignored by the shameless rampers pumping RRR's DRC project: Cobalt forecast 2019 "Cobalt is expected to trade at 30793.60 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 27440.00 in 12 months time. " | torp | |
07/8/2019 19:25 | Utter BS Noirua. There is a massive surplus of cobalt which has driven prices down. It's been known for ages and I've previously posted numerous articles that stated clearly what was going to happen. No surprises. The world's largest cobalt mine is no longer economically viable at this point. They have taken the sensible business decision to shut the mine down for a few years until market economics become favourable again. Shades of Jupiter's Mt Ida which was mothballed until more favourable market environments reemerged. That was in 2012 and Mt Ida has remained mothballed ever since ! Glencore suffering these problems in NOT good news imho. Does not auger well for less streamlined businesses who will surely struggle even worse than Glencore. Again, your behaviours today have surpassed childishness and bordered on the outright moronic. You've obviously gotten way too deep into this POS and are hurting badly and you have my sympathies. How's that confetti coming along? Will it be a "bury the bad news Friday" RNS? DYOR | torp |
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