Red Rock Resources Share Discussion Threads

[torp] 09/8/2019 16:28

Nevermind Noirua, it's once again nearly 5pm when you can clock off and stop wasting your life on the shameful promotion of Bell AIM stocks.

The weekend looms, but will it begin with the expected "bury the bad news on Friday" RNS?!!!


DYOR

[torp] 09/8/2019 15:57

Thanks for childishly just cut/pasting your drivel. I shall repeat my response:

Note that I completely disagree with your stupid valuations.

The JMS shares whilst having a face value of around £4m DOES NOT equate to £4m of value for shareholders here.

This greedy BOD raised over £15m in cash from various placings from 2012 to 2017 and expended over £11m of that just on Admin and other EXPENSES !!!!

That's close to 75% of cash value being squandered on salaries and expenses.

On that basis your £4m of JMS shares is really only worth about £1m to shareholders here.

It's a "business model" that delivers zero shareholder value and simply exists for the personal enrichment of this BOD. It's the same at RGM. Both companies utterly destroyed by this BOD using companies for personal enrichment at the expense of hapless shareholders. The long term charts do not lie !!!!

[noirua] 09/8/2019 15:34

Thank you for confirming the £6.5 million figure. You may see it differently in terms of a time factor on the gold royalties. The weakening GB£ is adding to overseas asset values though it may not continue. Meanwhile we can enjoy.

Thank you for the charts Torp, Top-Ho old chap.

[torp] 09/8/2019 15:21

Also note that I completely disagree with your stupid valuations.

The JMS shares whilst having a face value of around £4m DOES NOT equate to £4m of value for shareholders here.

This greedy BOD raised over £15m in cash from various placings from 2012 to 2017 and expended over £11m of that just on Admin and other EXPENSES !!!!

That's close to 75% of cash value being squandered on salaries and expenses.

On that basis your £4m of JMS shares is really only worth about £1m to shareholders here.

It's a "business model" that delivers zero shareholder value and simply exists for the personal enrichment of this BOD. It's the same at RGM. Both companies utterly destroyed by this BOD using companies for personal enrichment at the expense of hapless shareholders. The long term charts do not lie !!!!





DYOR

[torp] 09/8/2019 15:15

You fool precisely nobody with this tired old misleading BS Noirua.

The last reported (RNS'd) QUARTERLY royalty revenue rate was just $13,658 for the quarter ending March 2018. You know this yet wilfully mislead. At that rate simple maths tells you that it will take approx 37 years to recoup the first $2m of the total £3m royalty (which is a 3% NSR) and then will take a further 97 years to recoup the final $1m (which is a 0.5% NSR).

So that's 134 years in total to recoup this fantastical £2.5m you are so desperately trying to mislead readers about. Where are your morals? This is despicable behaviour.

Para Resources who now own the El Limon mine have hopes, dreams and expectations of producing more gold but as yet, RRR has utterly failed to provide any further quarterly royalty revenue updates. There has been no update for the quarters ending June, Sep and Dec of 2018 and none for March and June 2019. We can I think surmise why that must be !!!!!

Your desperate need to try and mislead PI's here with stuff like this is testimony to your ramping agenda and lack of morals. If you have an official update on those quarterly royalty revenues then by all means post up a link, otherwise I suggest you cease trying to mislead people.

Readers absoutely should do their own research here.

[noirua] 09/8/2019 15:03

Thank you for confirming the £6.5 million figure. You may see it differently in terms of a time factor on the gold royalties. The weakening GB£ is adding to overseas asset values though it may not continue. Meanwhile we can enjoy.

[torp] 09/8/2019 14:47

Noirua BS : "Cash shortage versus quoted assets and royalties worth £6.5 million or more. News needed from DRC and Kenya on a JORC resource and the latter a mining license."

Just astonishing mislead.

Care to tell readers where your £2.5m royalty comes from (that is not the JMS shares part) and how many years it will take RRR to recoup that £2.5m????

No thought not.


Total charlatan. Readers should do their own research. Noirua is shamelessly
misleading people.


DYOR

[kemche] 09/8/2019 14:23

NoiruaGoldClunes,

Do you provide "marketing communication services" to all his companies?

[noirua] 09/8/2019 14:21

Cash shortage versus quoted assets and royalties worth £6.5 million or more. News needed from DRC and Kenya on a JORC resource and the latter a mining license.

Quite simple and no need for a long post to push a desperate agenda.

[kemche] 09/8/2019 14:18

It's all about RGM and POW now.
And confetti.

NoiruaGoldClunes, Do you accept shares for services rendered?

[kemche] 09/8/2019 12:42

NoiruaEttieGold,

It's all about the new adventure in Coal.

And Candy Sweets.

And RGM.

[noirua] 09/8/2019 12:24

Selling in September 2018 was very poor trading in my view. PG and myself unloaded a lot of stock in March 2018 at a considerable profit. PG being a far heavier investor in RRR than poor me - an ordinary PI.
Mind you, DS does post in the same style as Torp.

We all know cash is low or negative at Red Rock due to unfortunate decisions by RRR management. A JORC resource is awaited at Musonoi area 1 and a license renewal at Mid Migori. The poor cash position balanced by quoted investments and royalties of about £6.5 million - see header above. Also iron ore royalties at Mount Ida presently valued at zero on the books - haven't checked this for sure.

Matters are improved at Musonoi after Glencore announced the closure of its Copper/cobalt mine. The worlds largest cobalt mine. Cobalt prices rose on the news.

----

The above are the facts despite efforts by Torp and Co, maybe the same person, railing against them due to bitter past losses. I hope he recovers well as I like to see everyone investing for a profit and grasping the same at every opportunity.
Only invest what you can afford to lose in micro caps - good luck.

[torp] 09/8/2019 12:19

Noirua BS : "and royalties of about £6.5 million."

Utter BS and you know it

Stop trying to dupe readers Noirua

Shameful behaviour

[torp] 09/8/2019 12:01

For those that missed the awful news yesterday . . ..


GLENCORE PLAN TO CLOSE THE WORLD'S LARGEST COBALT MINE


News articles galore about this sudden and unfortunate turn of events in the
cobalt world. Cobalt is massively oversupplied (a fact known since last
year and which I posted here numerous times). It has crashed the price
of cobalt whose price has dropped 40% so far this year.

Glencore now deem their mine to no longer be economically viable
in this market and so are closing the mine and putting it on care and
maintenance (mothballing) at the end of 2019.

You can read Glencore's own words in their Half Year Report on their website.

You can also read the myriad of financial market news articles covering
this situation, just Google "Glencore mutanda closing" etc

The various articles suggest it will take 2 to 3 years for the oversupply
to disappear and for demand to return from the battery world.

I believe this is terrible news and will mean that more cobalt mines will
also close or be mothballed. A large outfit like Glencore can survive
squeezed profits for a while whereas smaller outfits will really struggle.

Not a good time to be mining cobalt it seems !







Rampers here have been trying to plug RRR's DRC interests for some time.
I fear they will now struggle to come up with any credible ramping material
in it's place.


DYOR

[noirua] 09/8/2019 12:00

Selling in September 2018 was very poor trading in my view. PG and myself unloaded a lot of stock in March 2018 at a considerable profit. PG being a far heavier investor in RRR than poor me - an ordinary PI.
Mind you, DS does post in the same style as Torp.

We all know cash is low or negative at Red Rock due to unfortunate decisions by RRR management. A JORC resource is awaited at Musonoi area 1 and a license renewal at Mid Migori. The cash position balanced by quoted investments and royalties of about £6.5 million. Also iron ore royalties at Mount Ida presently valued at zero on the books - haven't checked this for sure.

Matters are improved at Musonoi after Glencore announced the closure of its Copper/cobalt mine. The worlds largest cobalt mine. Cobalt prices rose on the news.

[kemche] 09/8/2019 11:36

JV with Glen?

[kemche] 09/8/2019 11:35

It's all about the new adventure in Coal.

And Candy Sweets.

And RGM.

[noirua] 09/8/2019 11:06

Header updated.

[kemche] 09/8/2019 01:44

It's all about the new adventure in Coal.

And Candy Sweets.

And RGM.

[noirua] 09/8/2019 00:29

Quite right to talk about cash raising Torp. It looks that or an overdraft/loan against Jupiter shares. However, all a guess. Might be a resource announcement on Musonoi or license awarded for Mid Migori. Matters are mixed and a lot of cash has gone for a paddle up yonder creek, so it would seem.

[noirua] 09/8/2019 00:23

Gold holds its own and currently over US$1,500 - good for Red Rock's 3 interests.

[torp] 08/8/2019 17:19

Kemche : "Millions upon millions squandered and FA to show for it."

You're bang on there sadly.

Between 2010 and 2017 this awful BOD raised over £15m via death spiral placings and the like. In that same time period they also spent over £11m just on Admin and other expenses.

That's an astonishing and sickening situation. It means close to 75% of the cash raised went simply to salaries and expenses leaving very little for real progression.

What possible value is there for shareholders with such a situation????

There is nothing but endless "jam tomorrow" ramping here and endless issues of confetti and CLN's. The share price has been destroyed by these actions imho. The nominal share value has already been lowered from 0.1p to 0.01p so dilution could continue and within 12 months of that a share consolidation also had to be done.

Nothing will ever chnage here imho regardless of whatever the latest "new kid on the block" project is. The track record is a woeful history of failed ventures and a preposterous expenditure on salaries and expenses given the tiny MCAP and significant liabilities (£2.7m as at end Dec)

Greenland failed, has been sold off for just £1
Ivory Coast failed, went nowhere
Migori failed, license was revoked
Shoats Creek failed, is being written off
Steelmin failed, now in Administration
El Limon failed, mine practically given away for no net cash and a useless royalty

Yet the same old shameless stooges here continue to pump this POS and ramp whatever the latest venture is. Utter charlatans every one of them. Karma will catch up with them.

Is it going to be "bury the bad news Friday" tomorrow ???

Eyes peeled for the oh so inevitable RNS

DYOR

[torp] 08/8/2019 17:11

And yet another nail in the coffin for dirty Cobalt Batteries

Army Research Lab Water-Based Battery Is Lighter, Uses No Cobalt Or Nickel



"Researchers at the Army Research Lab in Adelphi, Maryland report they have created lighter batteries with high energy density that use no flammable electrolyte and operate without cobalt or nickel in their chemistry. If the breakthrough can be proven to be stable and durable in real world conditions outside the lab, the implications for batteries for everything from cell phones to electric vehicles to grid scale energy storage could be significant"