Red Rock Resources Share Discussion Threads

[noirua] 13/8/2019 09:35

Gold continues strengthening at $1,524 an ounce. Update $1,532

Red Rock continue pumping out information and so far ignoring the cash shortage position:

1) - Announcement about JORC resource at Musonoi, DRC or return of mining license at Mid Migori, Kenya.

2) - Placing or sale of Jupiter shares.

One at least of the above has or needs to happen.

Company has overreached on loans provided. Either difficult to get back the loans totalling £1.4 million or these are tied up or lost.

JORC resource at Musonoi very much delayed on original forecasts. Mid Migori mining license return appears to have more hurdles than expected.

[noirua] 13/8/2019 02:11

Gold continues strengthening at $1,516 an ounce.

[torp] 12/8/2019 18:26

Bell wields more shares than simply his own

And he can dilute the larger holders at the drop of a hat.

[noirua] 12/8/2019 18:02

Torp, you might well be right, however, yours is a guess just like mine. An interested party might want to join with others if their personal stake was nearer 30%. If they acted together at that point 'the investors' they would have control of the company - three investors hold 31.21%. At present a move might prove successful as directors only hold about 8%: however, they, the three investors, need to raise this to nearer 50% with others. The on market price to buy is 0.54p but might drop back to 0.5p - buying in quantity would be more expensive than a discounted placing.

[noirua] 12/8/2019 16:50

Gold is presently at US$1,506 and may push on quite a bit more. One of the few ports in the storm for RRR - other than the JMS holding.

[noirua] 12/8/2019 14:43

AB may be asking around amongst the significant holders and those with large holdings, but under 3%. Would they be willing to take part in a placing to avoid dilution? A price around 0.475p with one for two warrants at 0.7p, a guess.

The above if obtaining a JORC resource at Musonoi is further delayed. 1620 are getting impatient and they may well be in the majority. Selling JMS shares is the easy way out but Jupiter has announced that certain holders have no inclination to sell at present. AB is disinclined to sell a chunk of Musonoi before a JORC resource is announced and certain major holders would not be happy.

A JORC resource at Musonoi is very much overdue against early expectations of January/February 2019.

Time is running out AB!

-----

1620:
REDROCK now at a 52week low.... the wolves are at the door!

[noirua] 12/8/2019 09:45

The number of options and warrants in issue is now fairly low:

Manganese Ore Index 37% Price (FOB Port Elizabeth/US$ per dmtu):
Week commencing 12/08/2019 - US$4.58 (last week US$4.64)


Gold starting to show signs of moving on up and back over the $1,500 barrier.

Copper price remains weak despite the bullishness in the recent past.

[torp] 11/8/2019 23:38

Uninvestable, simple as.

[the_debt_collector] 11/8/2019 15:53

Especially for Torp

[the deacon] 11/8/2019 15:12

It's time Bell stepped down Noirua. Someone else needs to come in and drive the DRC and stop faffing around in Kenya. It's clear to me Bell is the reason the valuation is where it is.

[kemche] 11/8/2019 10:38

It's all about the new adventure in Coal.

And Candy Sweets.

And RGM

[kemche] 11/8/2019 00:40

It's all about the new adventure in Coal.

And Candy Sweets.

And RGM

[noirua] 11/8/2019 00:09

Replies continue on the 1620 concerns over Musonoi -

Basically guys. If John Boardman of 1620, often on the ground in Lubumbashi, does not appear to know what is going on at Musonoi area 1 and the drill sheds then that is puzzling.

They seem to not know some answers and AB could tell them if he wanted to. Has not done so up to the time of posting. Only he knows about the situation moving towards a JORC resource at Musonoi Area 1.
If a person talks to AB and he does not want to tell all about the situation it is a waste of time badgering him. He will provide lots of information but no real answers.

The WFE agreement was at the time when RRR were to have the tailings resource at area 3, now run by Metacol a subsidiary of the Chinese who have built their own plant. WFE Winmar shares have been suspended for well over a year now and shareholders are bewildered as to what is going on. The ASX allows companies to continue for many years suspended and AIM only six months.

[noirua] 10/8/2019 18:18

Torp, the buying of shares in 2010/2011 via exercising options and then selling at a profit, by AB, was worse than you posted. Looks a definite signal to sell if a holder at the time. It also shows zero confidence by AB in 2010/2011 and the shares well over priced. No chance of him selling his current holding at the same percentage profit without very good news at Musonoi and Mid Migori. PJ wont agree as he sold out at prices up to 20p and set his life anew.

[kemche] 10/8/2019 12:18

It's all about the new adventure in Coal.

And Candy Sweets.

And RGM

[noirua] 10/8/2019 11:35

The lowest price paid for Red Rock shares was 0.51p in a placing to CRT earlier this year.
1620 shares were priced at 0.7p regarding the Musonoi Area 1.

Notified trading or change due to an increase to shares in issue:

CRT
30/04/2019 - increase from 8.14% to 16.09% - 23/4/2019 issue of 63,480,391 shares at 0.51p and 31,740,000 warrant at conversion price of 0.75p - to CRT and maybe others.
19/12/2018 - reduction from 9.2% to 8.14%
07/11/2018 - increase from 8.02% to 9.20%
02/11/2018 - increase from 7.70% to 8.02%
17/07/2018 - increase from 6.204% to 7.72%
04/07/2018 - Starting interest at 6.204% - no mention of previous holding

STC
07/12/2018 - Reduction from 3.5447% to 2.75% ( Present holding unknown as under 3% threshold ).
05/11/2018 - Reduction from 4.664% to 5.5447%
28/09/2018 - Reduction from 5.037% to 4.664%
06/06/2018 - increase from 4.09% to 5.037%
15/12/2017 - Starting Interest 4.09% - no mention of previous holding

PG
29/05/2019 - Reduction to 4.77% from 5.14%
28/05/2019 - Reduction to 5.14% from 6.25%.
24/05/2019 - Reduction to 6.25% from 7.96%
12/04/2019 - Reduction to 7.96% from 8.25%
08/03/2019 - Reduction to 8.25% from 9.90%
13/02/2019 - Reduction to 9.9% from 10.96%
19/12/2018 - Reduction to 10.96% from 12.39%
02/08/2018 - Increase from 11.45% to 12.39%
20/07/2018 - Increase from 10.15% to 11.45%
03/07/2019 - Increase from 9.83% to 10.15%
17/04/2018 - Reduction to 9.83% to 10.52%
22/03/2018 - Reduction from 12.34% to 11.07%
15/03/2018 - 12.34% no mention of previous holding
12/12/2017 - Increase from 12.92% to 13.33%
11/12/2017 - Increase from 11.01% to 12.92%
13/11/2017 - Reduction from 13.27% to 11..01%
28/09/2017 - Reduction from 14.85% to 13.27%
22/09/2017 - Increase from 2.02% to 14.85% - share purchase from MTR at 0.7p a share.

1620
29/1/2019 - 11.55% - 70 million shares issued at 0.7p for interest in DRC. ( Reduced to 10.35% due to more shares issued ) .


AB ( no RNSs issued as with other holders )
09/04/2019 - 6.38% - 1,500,000 free shares awarded
06/04/2018 - 7.42% - 900,000 free shares awarded
21/12/2017 - 7.46% - purchased 6,250,000 shares at 0.8p a share in placing.
18/12/2017 - 6.41% - purchased 11,500,000 shares at 0.808p a share in placing.
15/12/2017 - 4.03% - purchased 5,000,000 shares at 0.6865p a share in placing.
06/04/2017 - 2.92% - 2,040,000 free shares awarded
14/04/2016 - 2.50% - purchased 500,000 shares at 0.6p each.
07/04/2016 - 2.30% - 1,600,000 free shares awarded
18/12/2015 - 1.41% - purchased 10,562,008 at 0.014p a share.
14/04/2015 - 0.44% - 3.529,411 free shares awarded
07/04/2014 - 0.23% - 800,000 free shares awarded
07/04/2014 - 0.23% - purchased 400,000 shares at 0.38p a share
30/01/2014 - 0.18% - 631,578 free shares awarded
04/04/2013 - 0.09% - 387,000 free shares awarded
15/10/2012 - 0.05% - 157,894 free shares awarded
08/08/2012 - 0.05% -166,000 free shares awarded
16/04/2012 - 0.03% - 30,612 free shares awarded
*04/10/2011 - sold 800,000 shares at 5p a share
08/07/2011 - sold 200,000 shares at 7.75p a share
*29/06/2011 - sold 800,000 shares at 6p a share
06/05/2011 - exercised options - 1,600.000 at 1.25p a share. - *sold at average 5.5p a share in 800k lots.
28/06/2010 - sold 500,000 shares at 1.92p a share
25/06/2010 - sold 1 million shares at 2.13p a share
13/06/2010 - sold 500,000 shares at 2p a share
01/02/2010 - exercised 200,000 shares at 1p a share
29/01/2010 - exercised 1,000,000 shares at 1.3p a share
22/01/2010 - exercised 500,000 shares at 1p a share

Norseman Gold PLC: Chairman Kevin Maloney has waived all rights to remuneration and bonuses since 13 July 2012 and nothing has been accrued - now on track to recovery after 7 years.
Univision UVEL Chairman Stephen Sin Mo Koo has waived all rights to salary, pension and expenses since 2015 - the company's profits rose 380% in the first half year.
These are the star Chairmen, whilst others take salary, pension, bonuses and even free shares.

[noirua] 10/8/2019 01:53

1620 getting very impatient as Red Rock's second largest shareholder:

Many responses by Chairman Andrew Bell of Red Rock and other tweeters. Was the question answered?

Shareholders:

Five major shareholders now have a 43.68% interest in Red Rock Resources.

* As at 30 April 2019, Charles Richard Topham’s holding in Red Rock Resources Plc is 108,753,210 ordinary shares, representing 16.09% of the Company’s issued share capital. The shares are held via HSBC Global Custody Nominee (UK) Ltd.

*As at 31 May 2019, Peter Gyllenhammar’s holding in Red Rock Resources Plc is 32,250,000 ordinary shares, representing 4.77% of the Company’s issued share capital. The shares are held via Citibank Nominee Ltd.

*As at 9 April 2019, Andrew Bell’s holding in Red Rock Resources Plc is 39,067,000 ordinary shares, representing 6.38% of the Company’s issued share capital.

1620 Capital Limited hold 70 million shares representing 10.35% of the company's issued share capital.

Peel Hunt Holdings 6.09%

*Michael Knott 1.49%
*Scott Kaintz - 1.69%
*Sam Quinn - 1.33%

*The above six holders have further interests in options, warrants and CLNs.