Red Rock Resources Share Discussion Threads

[mikestamp] 04/5/2014 19:59

Atino

1. Find a picture and save it to desktop (or anywhere else)

2. Use a picture hosting site like Tinypic,com, click on 'choose file' and find your picture, double click on the picture and click 'upload now'

3. You will now have an option of 4 boxes, use the 'HTML for websites' box. Just copy and paste whats in the box into ADVFN's box that you write in.

[atino] 02/5/2014 16:35

...just a Sunday banter...post...REMOVED:-) LOL

[roger ring] 02/5/2014 16:00

I make Red Rock's share at that rate around £1m per quarter, surely enough to cover all company overheads

[bam bam rubble] 02/5/2014 15:51

Nil value for Mambare is about right as it's only laterite, mostly duff limonite
and the M+I resource is negligible at just 3MT. The inferred part can be ignored.

El Limon isn't quite at that stage yet due to liabilities. They'd have to pay for
staff retrenchments plus legal bills after a future care and maintenance decision.
Offloading to a local company for assumption of costs will achieve that nil value
rating but it's not there yet. For me it's a net liability until a buyer is found.

[rjcdc] 02/5/2014 15:42

Andrew Ronald McDonald bell?

Really?

No chance, that would mean he would have Golden Arches... Without any gold.

[soulsauce] 02/5/2014 15:41

Atino I agree but HOW??

[soulsauce] 02/5/2014 15:40

You wouldn't expect anything less from a shambolic CEO.

[atino] 02/5/2014 15:40

Hmmm...(we need to get 'things' going right here, & at RGM)...

[scotchoverice] 02/5/2014 15:37

Atino - the lesson is...NEVER buy a share to which Andrew Ronald McMillan Bell is connected..there have been planty

Alanway 04412650
Chenrock Limited 04481114
Magyar Mining Limited 04617884
St Istvan Gold
Gold & Base Metals Limited 04668196
Sand Harvester Ltd 04791553
The Italian Goldfields Ltd 04841521
Feltar Limited 04856569
Huszar Mining Ltd 04874959
Panax Ltd 04918523
Madagascar Mining Limited 05156903
General Mining Limited 05225316
Pacific Resources Corpoaration Limited 05224840
Range Mines Ltd 05268814
Celestial Mines Ltd 05268750
Churchill Mining 05275606
Zeus Energy Limited 05276413
Thor Mining 05276414
Tribus Ltd (formerly Mull Energy Ltd) 05289354
Pan Resources Ltd 05289372
Ormonde Mining
Axiom Resources
Eastmine Kft (Hungary)
Exploraciones Condor SA (Chile)
Redstone Metals Pty
Broadgold Corp. Pty Ltd (Australia)
Intrepid Resources Ltd (Zambia)
Red Rock Australasia Pty Ltd (Australia)
Red Rock Uranium Pty Ltd (Australia)
Goliath Resources Inc
Orian Exploration Pty Lty
Retail Star Pty Ltd (Australia)
Resource Star Ltd (Australia)
Aquarian Gold Corp
Rubicon Pty Ltd
Oro Nickel (Vanuatu)
NAMA Greenland Ltd
The Housing Loan Corporation PLC

[atino] 02/5/2014 15:32

Red Rock Resources still exploring options in Colombia, By Jamie Nimmo May 02 2014, 2:23pm

Red Rock Resources (LON:RRR) is still looking at the options for its Colombian gold assets, including a possible sale of the El Limon mine.

The company, which also has gold projects in Kenya and the Ivory Coast, said the focus is on keeping costs low, while maximising the output at El Limon.
Four Points, which is 50.002% owned by Red Rock, reported a near-doubling of gold sales to 718 ounces in the first quarter.

However, this was a reduction from the preceding quarter when the company reported sales of 909 ounces.

Red Rock's total gold sales in the first quarter amounted to 2,607 ounces at an average price per ounce of US$1,259, which means it generated US$3.28mln in the three-month period.

Chairman Andrew Bell said: "We continue to focus our efforts on maximizing output levels and reducing our cash costs at the mine, while exploring both further mine developments and potential disposal options as appropriate.
"With multiple initiatives underway involving El Limon we look forward to the remainder of 2014 with optimism as we seek to unlock value for Red Rock shareholders."

hxxp://www.proactiveinvestors.co.uk/companies/news/68175/red-rock-resources-still-exploring-options-in-colombia-68175.html

[atino] 02/5/2014 15:31

...and I see 'Dan' enjoyed...BAILING out of RGM ^__* LOL hahaha

[soulsauce] 02/5/2014 15:30

I see the market enjoyed those figures ;-)

[scotchoverice] 02/5/2014 15:25

Smile...you are being sh*gged....may as well enjoy it....after all you are paying for the pleasure

[atino] 02/5/2014 15:22

Let this be a valuable lesson learnt Andrew...NEVER to buy a small scale operational mine...without conducting ur OWN DRILLING!! (Pheck relying on anyone else's NI 101/JORC!)

[bam bam rubble] 02/5/2014 15:19

Thoughts on the RNS

- the declining trend in the last 3 quarters 1.0k > 0.9k > 0.7k, is described by
the Chairman as "quarterly sales show a continuation of the recent stable trend".
But Jan's update implied 111oz sale on Jan 5th was part of last quarter's output
making the adjusted quarterly figures more like 1.0k > 1.0k > 0.6k, a steep drop.

- cash costs left out so margins likely dire, backed up by the reference to less
output with more tonnage mined. 'Profitable' can only refer to gross profit imho.

- update held back to early May, most likely to mention a better April which then
wasn't mentioned so Q2 looks like being a 'continuation of the trend'

[atino] 02/5/2014 14:06

And Bam Bam (...before u post ur statistics up LOL)...

I guess, here's our 'nil value' answer [contained in the books]...just like Mambara yh ?? (...aint that right buddy ^__*)??

[staffiex] 02/5/2014 13:37

Bell Lemon.

[fangorn2] 02/5/2014 13:31

Update - Colombia
2 May 2014


Q1'14 Sales 718 oz, down 21% on Q4'13 sales of 909oz
Q1'13 Sales 363 oz

FY14 Sales 2607oz
FY13 Sales 1723oz

Av realise Gold price $1259/oz

Anyone have the Cash cost/OZ and the All in Cash costs/oz?

[bam bam rubble] 30/4/2014 20:24

Wouldn't be surprised if some AIM directors who use YA on a regular basis have part of their own savings invested in the YA hedge fund. It showed a good return in 2013;

YA Global hedge fund +35%
www.alegracapital.com/files/2014_Preqin Global Hedge Fund Report_Alegra Capital.pdf

[bam bam rubble] 30/4/2014 13:38

YA tightening the screws with more dilutive terms

2013 notes converted at -3% discount to the 6 lowest days in a 12 day selling period

new notes to convert at -6% discount to the 3 lowest days in a 15 day selling period