Red Rock Resources Share Discussion Threads

[hernando2] 11/4/2014 14:19

Misadventures.

Gold makes you millions and iron ore makes you billions.....

Jupiter went private at 8c, they can say it is worth 21c if they like, the market said 8.

Any newbies will be well advised to look carefully into the CEO buys and sell of RRR.

and beware statements such as

BONANZA Grades

Blimey O'rielly


and now talking making good in Colombia....what a stinker this has been ...massive cash drain and now stuck with making good...

regardless of those BONANZA grades

[atinos auntie ettie] 11/4/2014 14:14

The two flagship assets are the important Ivory Coast project and, as the investment backbone, the indirect interest through Jupiter in the world class Tshipi Borwa mine which in time it may be argued could support the current market cap all on its own. It would be good to add a further early stage project before long. Kenya where a bankable feasibility needs funding and completing within the next sixteen months is optional as to whether that will be met or passed. Progress at El limon is more than reasonable at present. A point to mention is as a mine moves toward the end of its natural life the subject of rehabilitation provisions crops up in which the land must be put to rights. The value of any sale won't just be the cash amount which may seem small in isolation but the cost saving by exiting before rehabilitation work. Early stage exploration has no such dilemmas on that front. To an extent Greenland and Colombia were misadventures with their value going forward being the lessons learned which will smooth progress at new assets. The nature of a junior mining company is for some endeavours to not work out while others, Mt Ida for example, are bought for pennies then sold on for pounds.

[ciao4niao] 11/4/2014 13:13

Looking at the most recent presentation, it reads quite well and will most likely impress any newbies to the stock.

Except the longtermers know the full history and realise that it papers over all the nasty cracks of the past three years. And some of them are almost as wide as the Grand Canyon!

As soulsauce says about fooling people ...

[steve1905] 11/4/2014 13:10

You may only be able fool people some of the time, but there's always another get rich quick clown ready to suck it in

[soulsauce] 11/4/2014 12:48

Yes you can only fool people some of the time.............

Some people were never fooled!!

[darren81] 11/4/2014 12:45

we at least deserve to be kept fully informed of how things are going - for too long we have been told that everything is fine/everything on course/minor delays/blah-blah-blah...

this simply isn't good enough, the market will react much better to this than the uncertainty that surrounded GL/Columbia. Despite his best efforts to try to portray GL as being as good as signed, sealed and delivered for the last 18 months, it appears that the market had already priced in zero value for this given that price has stayed the same since last Friday's announcement.

[soulsauce] 11/4/2014 12:36

Good posts darren but forgive me, I won't be holding my breath.

[darren81] 11/4/2014 12:15

we are also due production figures for the first quarter anytime now, a double RNS with "bonanza" figures for Jan-Mar and a decent bid now that the mine has been turned around could be just the catalyst we need to get moving north - delivery is key Mr Bell!!

[darren81] 11/4/2014 11:28

I guess Mr Bell et al owe us an update today/Monday morning first thing if per last Friday's RNS they are meeting perspective buyers for Columbia - regardless of whether this leads to an offer or not, an update needs to be provided so shareholders are in full receipt of the facts.

The director's credibility really can't take any further incidents like those we have seen over the last couple of years where "deals" have been dragged out for years before finally saying they are no longer happening.

It's time to deliver Mr Bell otherwise it's time for you to step aside and let asomeone who actually can complete on a deal replace you.

[bam bam rubble] 09/4/2014 16:25

I'd also query the line on the mine being a profitable operation as the numbers don't reflect that, (unless it's referring to gross profit before admin expenses). Earnings pre-finance are as follows;

2011: 3,235 oz sold for £3.4m, EBIT £0.2m loss
2012: 3,265 oz sold for £3.7m, EBIT £0.4m loss
2013: 3,046 oz sold for £2.6m, EBIT £0.5m loss

[seagullsslimjim] 09/4/2014 08:38

The cycle of dilutuion will continue to suppress any meaningful rises here for the forseeable future.

[jeffguru] 09/4/2014 08:21

Why exactly Johndee? Because it is hard to imagine it any lower ? I thought that at 6/5/4/3/2p!

[johndee] 08/4/2014 23:34

All looking great for RRR these days. Sp will steadily rise from here now.

[bam bam rubble] 08/4/2014 22:41

Chart movements in recent years more or less matched the chart of JMS. Its delisting has made it harder to pin down a valuation on that holding so the share price should now run on its own steam, uncoupled from Jupiter, however the first few months since that 'uncoupling' haven't been great (-40% YTD)

[hernando2] 08/4/2014 22:20

Is that a 'spike' i see?

[noirua] 08/4/2014 21:40

It looks as if RRR are staying with the same old, same old, plan for survival; survival is assured but the companies under their command or those they have interests in, unfortunately, it becomes 'to hell with the stocks market price' - they do not want that to be the case, sadly though it has become so just the same.

[dimmerginger] 07/4/2014 23:00

Shareholders have served up Money for AB to live a lavish lifestyle and i bet he looks in the mirror at night with a smile. Dont listen to all the trolls mate and carry on milking the free money.

[bam bam rubble] 07/4/2014 20:41

The standard guidelines from the govt website;
Your employer can award you up to £3,000 worth of free shares in any tax year. An employer may link the award of shares to performance, for example individual performance, the performance of the team or division. The company must ensure it establishes these targets in advance.

No performance conditions are in place here which continues the trend of poor corporate governance.
The shares went to 17 staff for the full amount and 1 putting in £140 (capped at 10% of salary) so one staffer's fees looks to have been 2x £1,400 at RRR and RGM (plus £6,560 in free shares). Maybe that was the fee for ABs family member to do those corporate videos last year.