Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources 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
  +0.00p +0.00% 0.625p 0.60p 0.65p 0.625p 0.625p 0.625p 1,180,237 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.1 -0.2 - 3.35

Red Rock Share Discussion Threads

Showing 27351 to 27373 of 27375 messages
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DateSubjectAuthorDiscuss
15/10/2018
17:57
Torp do you not get what i said, you stated for the last 5 years rrr has made a loss but this year they intend to make profit.Isnt this progress in your view?
neo26
15/10/2018
17:49
Clunes: "as long as JMS pays out its dividend " Well that's the rub ain't it? What happens if Tshipi is sold off privately? Can't imagine dividends would continue at that point. Jupiter might hand some of the sale proceeds back to shareholders as a final one off exercise but that would surely be it. And remember, despite RRR receiving significant cash from 3 separate Jupiter share buy backs and also £500K from the recent dividend, NOT ONE SINGLE PENNY of that money has been passed on to RRR shareholders. One really can not blame other posters here and on LSE for labelling this as a total lifestyle company.
torp
15/10/2018
17:45
Maestro: "you are crazy fool . . . All those losses you have shown from 2012-2017, well this year they are expected to be profitable." What a total clown ! How can I be a crazy fool by simply posting the FACTUAL annual report figures ??? You're a total cad. No one is going to be fooled by this ridiculous cherry picked rhetoric of yours.
torp
15/10/2018
17:41
Breaking news for your header Noirua . . . . After months of misleading investors saying that there were no liabilities, Neo/Maestro now concedes that there are £2m of liabilities PLUS the £1m of CLNs. From LSE: Maestro1: "the current liabilities are not £5.3m, take 2.3m our for the steelmin loan which was repaid and further 1m of cln which leaves "Trade and other payables" at only 1,934,004." Absolutely shocking stuff.
torp
15/10/2018
16:12
Agreed and what is more, as long as JMS pays out its dividend and hopefully the market recognizes the return on invest to shareholders, there should be a capital gain as well which more than cover the admin costs.
clunes100
15/10/2018
15:32
torp you are crazy fool, they spent near $10m in the migori gold asset which they hope to get back soon. All those losses you have shown from 2012-2017, well this year they are expected to be profitable. Progress? I would say yes. So the company has turned a corner, wouldnt you agree?
neo26
15/10/2018
14:35
The mill , can they dismantle and move it? Would that be cost effective to move somewhere they can get cheaper electricity?
hernando2
15/10/2018
14:31
Fully refurbished mill has value, someone will be interested.They will likely dispose it. Imho.
neo26
15/10/2018
13:16
It is likely that, as the RRR company Chairman recently acknowledged, that Steelmin will temporarily close and lay of its workers. RRR would not lend money to just pay wages. Steelmin need to sort out a suitable electricity arrangement with a supplier: Https://youtu.be/IpUfdhJC14Y If Steelmin is sold, possibly to an interested Chinese buyer, RRR would expect to exit with a small profit: Http://www.chinaventuresltd.com/case-studies-test/ RRR are just a shareholder of 22% of Steelmin these days. Any offer for the company, taking into account the loans, would mean RRR getting 22%. The cost of moving to a coal fired energy supply would be quite expensive but is probably the way forward. Metallurgical coal would be required. * Moving does not mean moving the plant of course - daft to think that. Just means adding a coal fired energy plant. That after a sale of Steelmin.
noirua
15/10/2018
13:15
RRR clearly has a value because its debts exceed liabilities - fact. The share price has had a catastrophic decline, but there comes a point when that decline goes too far and the assets of the company also happen to increase - we have crossed that line all the histrionics that some posters spout becomes largely irrelevant to the RRR we see today.
clunes100
15/10/2018
12:11
Neo - "shares dont go up in straight lines." Whereas any with Bell at the helm seem to go down in a straight line
seagullsslimjim
15/10/2018
11:00
This company is nuts. End of. Catastrophic decline in share price over 7, yes 7 years. Shame on the rampers on here although I doubt anyone would fall for it nowadays.
onlyroadtoheaven
15/10/2018
10:37
desperate stuff.
kemche
15/10/2018
10:33
One question are you retired or do you work for a corporation i dont know how you have so much time to post when you claim to have only negative views, you can short this stock?
neo26
15/10/2018
09:59
Neo/Maestro: "Torp rrr hasnt lost anything its only a loss if you sell" right, so by the same token then you concede that Clunes is talking Billy BS when he says RRR has just gained £200,000 of value. Clearly nothing is gained until and unless you sell right ? And of course they can't sell because the shares are held in ESCROW.
torp
15/10/2018
09:57
Sorry Clunes but RRR is valued by the markets as it is for good reasons not least the utterly dire performance over a sustained number of years by this BOD. Once again here are the indisputable facts about the share you are shamelessly trying to ramp: Taken from Annual Reports, the losses made each year and amount of monies raised, mostly via dilution: 2012 - Loss of £1,962,882 - raised £4,441,844 2013 - Loss of £22,105,562 - raised £4,103,795 2014 - Loss of £4,113,460 - raised £2,723,861 2015 - Loss of £8,411,541 - raised £2,327,377 2016 - Loss of £283,280 - raised £1,155,323 2017 - Loss of £1,114,213 - raised £300,000 Consistent losses and yet this BOD raised £15,052,200 over that period. Yet MCAP stands at around £3 to £4m. Where did all that £15m go? What value did it deliver? RRR is not imho undervalued. It is valued imho as a lifestyle outfit whose BOD enjoy a gravy train of lucrative salaries and who expend ridiculous sums of money on Admin and other expenses (equiv to over £600K per year according to Half Year Report). It has a long string of ventures which failed to come to fruition with Shoats Creek and Steelmin looking like the latest 2 to be consigned to AB's oubliette. TBH the incessent attempts to try and ramp this are getting more and more desperate. You've clearly done your money here like so many before you imho. Put it down to experience. The long term chart does not lie. This is why the share is not undervalued
torp
15/10/2018
09:48
HernandoSteelmin will not fold, they will sell and rrr will hopefully made a couple of million euros.Whatever happens no downside on that transaction.
neo26
15/10/2018
09:46
Torp rrr hasnt lost anything its only a loss if you sell, shares dont go up in straight lines.Confident jms will rise in coming months.
neo26
15/10/2018
09:31
Yes the JMS was 40c and yes it was 30c last week, it is now 32.5c which is better than last week's 30c by £200,000+ whilst rrr's share price has fallen recently. So rrr's market cap has fallen whilst its cash and assets have increased in the last few days. RRR under valued - enough said!
clunes100
15/10/2018
09:31
If Steelmin owes around 7 million Euro in debt, then RRR has 22% of that. For holders sake I hope RRR haven't made any commitment about what will happen if the company folds, is it set up entirely at Arms length?
hernando2
15/10/2018
09:25
Neo/Maestro: "Its the likely option that steelmin is disposed and we will make some money." I'd like to see your figures for that statement. I'm hugely sceptical myself. Neo/Maestro: "Steelmin is pure upside we cant lose out on the deal" Really? How much do you think the Steelmin back to back financing cost us and how much did we lend Steelmin? The plain fact is that Steelmin is currently a total bust. A disaster of epic proportions. What you have is a plant that self confessess (according to the Jajce Online article below) that it can not operate at a profit. Reason being the current high elecrtricity prices. I ask you, what kind of "management" sets up a business which has a key dependence on electricity and doesn't adequately forecast the likely movement and changes in electricty prices? Electricity prices fluctuate on a seasonal basic I believe so surely someone should have forseen the current problem. As it is Steelmin is for the time being a bust. It can not operate at a profit and unfortunately they borrowed EUR 3.8m from RRR which they subsequently refinanced with a "Luxembourg Investment Vehicle" and they also borrowed EUR 3m from another group of lenders. So close to EUR 7m of debt there. How is that going to be paid back if they can not operate at a profit??? Equally, who in their right mind would think about buying Steelmin if they have such large debts and if they can't produce at a profit and who would want their management team either if they failed to forecast the electricity price changes? It's another RRR damp squib venture imho. The share price here has of course reacted accordingly. Jajce Online Article: Copy paste the text into Google Translate hxxps://jajce-online.com/2018/09/14/steelmin-zbog-poskupljenja-elektricne-energije-tesko-je-nastaviti-proizvodnju/
torp
15/10/2018
09:13
lol at Clunes, what an utter buffoon !!! The JMS IPO price WAS 40c so RRR has lost some £400,000 of value in those shares since Jupiter relisted. The JMS share price has plummeted since the IPO and not recovered. It will imho ultimately drop below 30c, I say that only because I personally believe the entire IPO was massively overhyped by stock promoters and the share buy back exercises served as a neat way to sow in people's minds a particular share price valuation. What you now have, I suspect, is a bunch of mugpunters who bought JMS shares at 40c levels and who are doubtless now locked in. You also imho likely have more mugpunters who bought in at 35c levels who thought that the 5c drop in price was a good point to buy and who then discovered that the share price actually dropped further rather than recovering to 40c. So they too are locked in. Jupiter is not a traders share imho. It really has one main feather to its cap which is Tshipi which will simply trug along churning out material. Thus the share price is unlikely to fluctuate much. One would think it would suit longer term investors but given the drop in share price it would seem that perhaps they aren't interested at these levels. Regardless, the RRR Jupiter shares were placed in ESCROW at the relisting and if you care to read the escrow agreement it seems likely to me that the shares will stay locked away there in escrow until mid 2019. Hence they can not be sold and we can only sit and watch while their value seeps away. :(
torp
15/10/2018
07:45
But wasnt the float price 40c ? And such a shame that Bell flogged most of ours at 7c and after peaking at 60c a share. Should have had Neo in charge - he would have sold near the top and RRR would have had £25m plus in the bank! Epic fail of the highest order, but there's still the excess Greenland coffee to fall back on (or drink).
seagullsslimjim
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