Red Rock Resources Share Discussion Threads

[kezman01] 05/6/2014 18:12

I find it so difficult to understand why any rational, logical thinking individual, with no agenda, cannot see this for what it really is !!
Seriously......wtf are you not getting ???????

[noirua] 05/6/2014 17:56

Reference Jupiter Mines Limited




Jupiter Mining - Mount Mason - an old video but nothing has changed, on the iron ore front that is. Maybe Sinosteel will return to the picture and it is possible both sides are talking now.


@@@

We have seen mega-dilution of shareholders from 16p and it's been downwards all the way. Maybe, just maybe, the RRR directors can see a future as clouds start to disperse. The iron ore royalties held by Red Rock may see value with Mount Mason at a heady 63%Fe.

[bam bam rubble] 04/6/2014 21:51

"RRR is the registered owner of 19,674,375 shares" (JMS annual report, p.13)

That ignores the 7.65 mil shares RRR bought from a 'Cornhill Capital client'
around the same time as taking out the 2 year bond also arranged by Cornhill.

Rather than investment purposes they seem to be have been bought to pledge as
security for that bond and are now held by Cornhill on trust for the lenders.
Explains why the original agreement for 8,000,000 JMS was reduced by 350,000,
those were likely sold on to increase the cash balance of the escrow account.

The terms of the 2011-2013 Cornhill bond required a minimum of 2 times cover;
"If the value of the security goes below 2x, the borrower will be obliged to
transfer further of its Jupiter Mines shares or cash into the escrow account"

[kezman01] 04/6/2014 20:36

1. Not going to get that off-market.
2. A % of any profit goes to the participating investors in the 2 year bond
3. They may be secured against loan(s). The initial tranches certainly were.

Incidentally the first interest payment on the bond (14%) is due this month.

Toodle pip

[kezman01] 04/6/2014 17:36

"....it's presence in our balance sheet blurs our message that we are predominantly in gold exploration...."
Just a matter of time before it's sold.....hence "history".
How much actually goes into the pot is a different matter.

[atino] 04/6/2014 16:44

(u give me such a good laugh...you do:-) hahaha *__*

[atino] 04/6/2014 16:43

Ahh "JMS" you say *__^...lets see what the 'big man' has to say about it ^__^


Dear Shareholders,

The financial period ending 28 February 2014 has seen significant progress on Jupiter's key projects.

The Tshipi Borwa mine is well on its way to becoming one of the world's important suppliers of manganese ore. One million tonnes was produced and sold in its first full financial year, generating profits even at the depressed manganese ore prices ruling. The production ramp up to 2.4 million tonnes per annum is set to continue in the current financial year, in line with the anticipated increase in logistics capacity.

In the Central Yilgarn, work has continued to optimise the Mount Mason DSO Hematite Project. There has also been important progress in the plans to expand the capacity of the port of Esperance, with the preferred proponent announced. This increases the likelihood of Mount Mason being developed, and with it the potential to generate profits in the foreseeable future.

The de-listing of Jupiter in January 2014 was completed smoothly and the majority of shareholders remain committed to Jupiter and its Strategy. I hope to see these realise significant value in the future.

Yours Faithfully,

Jupiter Mines Limited
Brian Gilbertson
Chairman

hxxp://www.jupitermines.com/images/jupiter---sooheneeng.pdf

[bam bam rubble] 04/6/2014 15:09

A quick sum on the next loan conversion expected to run for 3 weeks from tomorrow

As a rough guide,
- assume £150k conversion (£10k/day) with share price to adjust accordingly to find buyers
- YA distributes the stock at net average of 0.18p = 83,333,333 shares short-sold
- YA close out short at -6% discount to average 3 lowest VWAPs (c.0.16p?) = 0.15p

In that example YA get 100m shares. After offsetting an amount to close the short
leaving 16,666,667 freebies worth £25k at the placing price to be sold in-market.

[moonshine1] 04/6/2014 09:52

Very glad I didn't persuade any friends or relatives to join here. 'patronising monologue of inane gibberish' just about sums it up.

[kezman01] 04/6/2014 09:39

He's penning his next patronising monologue of inane gibberish.
Very similar to Red Rock's regular Newsletters, although by the time the next one is issued there could be very little to eulogise about.
The Lemon will likely be sold, Colombia will still be in its crypt and it would be no surprise if JMS shares were history.
So that leaves......err....debt, wages and the square root of fark all.
Sorry...forgot the new holy grail Cote D'Ivoire, how remiss of me.
Been offered 3m shares at 0.22 through Barc, but gave it a swerve.
I expect they'll be hoovered up pronto though, probably by the LSE posse of international jetsetters
This time next year Rodders....

[moonshine1] 03/6/2014 21:38

Wonder how AAE is this lovely evening?

[hernando2] 03/6/2014 19:25

Someone makes a lot of money in one sphere that they know in great detail and are masters of.


can be hoodwinked like a child in another sphere

Personally it cost me about some cash before i twigged AIM and its small companies.

Rather less than some , but more than others.

I hope DS is on top of the situation and he knows more than me

[johndee] 03/6/2014 19:20

Just wondering why someone wanted to own well over 100m of these shares while none of the directors own even a small percentage of that.

[bam bam rubble] 03/6/2014 17:38

New lows as Mr Bell continues to run the listing like an automated teller machine.

Another 3-week selldown is due to begin. The Apr 30th RNS said the first drawdown
must be by May 30th and the next during June to release certain parts of the loan.
As YA will usually begin as soon as the shares from the previous round are issued
the next leg down should be June 5th-25th.

[dimmerginger] 02/6/2014 21:41

DS has been well and truly shafted ATM. He has put his money where is mouth is - Top credit to that boy and hope he gets more back than invested. :-)

Good luck.

[kezman01] 02/6/2014 19:56

All stake builders know exactly what they're doing, and why they're doing it.
Makes me smile when punters think a stake builder is basically endorsing their holding, while at the same time the market continue the downward spiral.
Time will tell.

[atino] 02/6/2014 18:08

...(for all our sakes)...I 'phecking' hope so too !...LOL

[soulsauce] 02/6/2014 17:34

Lucky Sklan has been buying or this would be well sub 0.2p, hope he knows what he's doing :-/

[johndee] 02/6/2014 16:47

sp closed lower than RGM today, that is very rare and makes me wonder why Sklan bought here instead of RGM. RGM's future is looking a lot stronger than RRR's.

[bam bam rubble] 02/6/2014 14:09

Must have bought in-market during YA's selldown as placing shares aren't issued yet.

May 07th: disclosed a holding of 6.500%
May 30th: holding (pre-dilution) 7.500%
Placing diluted investor back to 6.88%

It's odd that Sklan wasn't made an insider and given the chance to take part at the discounted YA price instead of buying in-market. Although doing that did help the share price

[kezman01] 02/6/2014 13:02

Part ofthe placing

[atino] 02/6/2014 12:51

holding RNS - 'MORE' ^__^ (...thanks Dan:-)...7.5% now LOL





Oi 'Merlin' (& dear 'followers') - another...'statement of FACT'...for you's to consider *__^ hahaha

[...what more 'level of confidence'...do people want to see !!!]