Red Rock Resources Share Discussion Threads

[staffiex] 13/5/2014 08:57

Sounds like Greenland all over again... How nice.

[noirua] 13/5/2014 08:53

The past is the past, 'it is over, let it go'. The mining sector for small caps is still bouncing along the floor and survival with cash in the bank is important. Also, it takes the pressure off the sale of Greenland assets at a low price and the need to sell Jupiter Mining shares.

[rrrensch] 13/5/2014 08:35

Can someone please confirm the sighting of a man in Adam Street who sells £20 notes for a tenner........what a novel business idea!

[ciao4niao] 13/5/2014 08:23

Noirua,

The proposed buyers are taking 60-90days to do due diligence. Speaking to Bell, Yannaghas, Nott and Watkins I got a spread of 10-21days due diligence before they bought a stake in the mine.

The excuse I got from one for such little due diligence was that there were other people interested and they had to make a decision quickly.

Yannaghas, during a one2one with him, bleated to me that it was difficult managing Colombia from a distance. Then why the hell didn't they think of that before wasting our money on this extravagant and reckless blunder?

[soulsauce] 13/5/2014 08:18

We had an (alleged) offer on GL, wait til the money comes in and deal completed.

[rrrrrrrrr2] 13/5/2014 08:16

You lot are a bloody disgrace. You all said it was worthless and now we have an offer it's not enough. Vultures.

[sphens] 13/5/2014 08:11

my confidence in Bell went out the window several years ago.

[az209] 13/5/2014 08:08

If the sale goes through, where do you think the proceeds will end up ?

"working capital" and lots more home movies !

[noirua] 13/5/2014 07:59

The current share price is very low indeed and I must say this deal, in this environment, against that, is very good. Time to be less critical as it should end the borrowing and move the company forward.
The clanger has been found and the bell can ring once more,

[christo14] 13/5/2014 07:36

Firesale, will not even recover money outlaid.I thought the business model was to enhance project value and sell on.Failed very badly on this deal Ettie, do not see any shareholder value created on this abortion!

[ciao4niao] 13/5/2014 07:34

If the mine was operating profitably, why is it being sold at such a low price which includes the loans we gave MFP and which were supposed to have been paid back within stipulated times.

Bell describes it as a good deal. Yea, almost as good as him selling his Oracle shares at such a large loss.

Did he learn from Alastair Campbell, or did Bell teach him the dark art of spin doctoring?

[atino] 13/5/2014 07:18

EXCELLENT ANDREW ^__^

(...anything that fetched 5-7million for El Limon...was half decent IMO, although we are selling at a slight loss, to the original outlay!:-]

But WELL DONE SIR:-))

...so Mario Escobar (and Ashmont) phecked us about did they???...and why the hell is Ariel partners getting a whopping 7% of the cut...when they haven't even managed to sort out Mid Migori for us yet ???? Did they introduce the buyers to you or something - what service did they provide that warrents a massive 7% ????

hxxp://www.proactiveinvestors.co.uk/companies/news/68445/red-rock-resources-set-to-sell-el-limon-mine-for-us5mln-68445.html

[soulsauce] 13/5/2014 07:10

Credit where it's due but only yet an LOI and for vastly less than RRR forked out on it over the years.

[nash81] 12/5/2014 22:06

not everyone rich like AB who got huge salary for doing little. many here already top up when share price was downhill at 5p, 3p, 1p etc.

we have no more money to top up!!!

stop your funding device and focus on your "generating profit device" from existing projects!!


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Atinos auntie Ettie 12 May'14 - 16:37 - 4703 of 4709 1 0

The price is at times subject to a necessary funding device, the southerly wind of which may be alleviated by holders topping up in the market. Show support and loyalty by buying the shares and increasing leverage to a future recovery. If your preference instead is to compete to see whom is the most saturnine poster of them all then ignore this salient advice and continue spewing forth posts of doom.

[darren81] 12/5/2014 21:25

now that we've become "stale bulls"!!!

[darren81] 12/5/2014 21:25

lets hope some of this transfers to RRR



as if we're waiting for the shambolic AB to deliver value we may never see 2p again.

The man should be ashamed of himself and what he has done to this company, he has shown no confidence by buying shares or taking a pay cut after completely destroying shareholder value. It seems like as long as he can drag this charade out whilst collecting 200k a year for his parttime job he doesnt give one jot about the people who's life savi gs he's decimated.

[seagullsslimjim] 12/5/2014 20:02

Did anyone follow the guru Ettie's advise last week and get their friends to top up at 0.33p.

"He couldn't even run a bath !!"

[knoblet] 12/5/2014 17:16

Mr Bell I had a five figure sum 'invested' in this company which is now a three figure sum. Kindly tell me how I can get that back please using your stupid leverage statement above.

Scotchoverice has summed you and your methods to a tee.

[atinos auntie ettie] 12/5/2014 16:37

The price is at times subject to a necessary funding device, the southerly wind of which may be alleviated by holders topping up in the market. Show support and loyalty by buying the shares and increasing leverage to a future recovery. If your preference instead is to compete to see whom is the most saturnine poster of them all then ignore this salient advice and continue spewing forth posts of doom.