Red Rock Resources Share Discussion Threads

[cernunnus] 10/6/2014 09:47

Looks as though,the company is on the turn. Whats good enough for danny boy, is good enough for me!
GLA

[cernunnus] 10/6/2014 08:27

Dan sklans interest in RRR
Red Rock Resources
Red Rock Resources plc is a mineral exploration and production company primarily focussed on the discovery and development of gold and iron ore. The Company invests in projects and opportunities where it can enhance the value of the assets through exploration, development and corporate transactions.
Full Red Rock Resources profile here
Red Rock replenishes project pipeline with gold opportunity in Ivory Coast
By Giles Gwinnett March 04 2014, 10:39am 'Our initial findings in Ivory Coast have shown the prospectivity of much of the local geology with a number of interesting targets already identified, in what is one of the newest and most prospective gold mining countries, in the centre of the Birimian greenstone belt.'"Our initial findings in Ivory Coast have shown the prospectivity of much of the local geology with a number of interesting targets already identified, in what is one of the newest and most prospective gold mining countries, in the centre of the Birimian greenstone belt."
Red Rock Resources (LON:RRR) has replenished its early stage exploration pipeline - as it unveiled a new investment facilility to develop a gold project in the Ivory Coast.
It came alongside news that it had completed a private placing with high networth investor Daniel Sklan, issuing over 21 million shares at 0.38p to raise £80,000 - a 3.8% discount to yesterday's close of 0.395p.
Separately, the firm has struck a funding deal with Sklan, in which he will provide £100,000 to be made to support gold exploration in the firm's new Ivory Coast Gold Project (ICGP). Red Rock can draw down funds in tranches, with none to exceed £20,000.
Sklan will receive a gross revenue royalty of 0.6% on any production that occurs from the ICGP, said Red Rock.
The company's chairman Andrew Bell said: "The 28% fall in the gold price in 2013, and decline in exploration activity in the sector, makes this an opportune time to replenish our project pipeline.
"Early stage exploration is an area in which we have significant experience, and is also one of the least capital intensive activities on which we can focus our efforts in 2014.
"As we have successfully progressed several of our projects in recent years, our early stage pipeline has become depleted, and some other projects may not require active exploration this year.
"Our initial findings in Ivory Coast have shown the prospectivity of much of the local geology with a number of interesting targets already identified, in what is one of the newest and most prospective gold mining countries, in the centre of the Birimian greenstone belt."
Bell also welcomed the investment from Sklan, saying it demonstrated faith in the company's exploration prowess.
"While much of the last year has been spent in extended asset sale negotiations, where we have sought to crystallise gains and lay off risk where possible, this project brings the core focus of exploration back to the forefront of Red Rock's activities," he said.
Looks like we are on the move.
GLA

[steve1905] 10/6/2014 07:35

Well he either going 'full tilt' or Bell's sold him some snake oil

[gamesplayer] 10/6/2014 07:31

Looks like Dan Sklan's trying to get to 10%.
From there will then be interesting.

[bunky3] 10/6/2014 07:21

Been a busy boy on other shares of late. Sold most of my rrr at .6p average but bunky is now coming back to its beloved rrr for another crack. Why the hell not!!

[atino] 10/6/2014 07:16

'More'...MUCH MORE ^__^ 8.5% now (dear old me ^__* hahaha...'facts, after facts' before ur very own eyes - and where the sentiment is most strongest:-)

'Go go' Dan:-)

[vivgav] 10/6/2014 07:15

Who is Daniel Sklan?

8.5%

[rrrrrrrrr2] 09/6/2014 21:56

Oh well dimmer I am sure you will get over it. I didn't realise you guys had feelings. I too have learnt something new.

[dimmerginger] 09/6/2014 20:19

Not as bad as you think. The currect spike has allowed YA to clear the decks for another conversion to start asap. What a team AB & YA are! Best partnership currently in Aim.

feel sorry for small shareholders holding the baby.

[bam bam rubble] 09/6/2014 18:28

Tshipi's low-grade ore is certainly loss-making at current manganese prices.

There was some blurb in Pallinghurst's last annual report regarding valuations;

Pallinghurst's 18.5% equity stake in Jupiter Mines, using fair value methodology
of the quoted mid-price on December 31st 2013, has a book value of $30,256,997.
As Jupiter delisted from the ASX on Jan 10th 2014 the directors believe it may be
possible to use 'the equity method' from now on, resulting in a higher valuation.
While it is still IFRS compliant, such a valuation should be treated with caution.
hxxp://www.pallinghurst.com/_files_/auto_files/d3e856a38baeeb1613ce8ff788ca2618.pdf

NB. Using the equity method to report losses as 'profit' was a trick used by Enron.

[scotchoverice] 09/6/2014 17:06

maybe someone can explain the ballyhoo re JMS to me?
1. Losses have doubled on a pro rata basis vs last year (this years numbers are 8 months vs 12)
2. Net Assets have declined from $485m to $480m - again 8 months versus 12 - there could be more bad news here
3. Price of managanese appears to be falling - so if losses are already doubling, there is not a great deal of positivity that profit will start flowing any time soon
4. There is no market for RRRs 1.2% stake

All in all ...looks pretty shoddy to me. What angle is it I am missing?

[johndee] 08/6/2014 23:38

I was not brave enough to swap RGM back again to RRR when they had a parity in the share price It sure looks like I am to regret that I didn't, at least for the short term. I have RRR shares but nothing like the amount of RGM shares.

[noirua] 08/6/2014 21:39

Chart shows that the SMA50 and SMA200 are far apart. Next week will prove if a new trend is on the way:

[mart12345] 07/6/2014 12:52

Do some research into URU metals , mkcap under £6m, owns 100% of potentially worlds 12th biggest Nickel resource (sulphide resource and next to Ivanhoe's massive Platreef project), and URU owns license containing potentially worlds 5th biggest uranium resource, together with 500m barrels of oil.
Just spreading the word as this stock is widely unknown atm imo.

Listen to the webcast using link below:

[...]

Do your own research before investing. No advice intended.

[johndee] 07/6/2014 10:04

Remember RRR was merely a spin off from RGM. We need them both to rise as they complement each other.

[rrrensch] 07/6/2014 08:57

Red Rock did get a mention in today's edition of the Daily Mail financial section. Let's hope we see a higher share price on Monday!

[soulsauce] 06/6/2014 17:45

Yep Dimmerginger I am sure they got rid of the majority of what they had left. Classic ploy and more newbies locked in. 12m sell gone through at the end.

[dimmerginger] 06/6/2014 17:40

Great day for Ya to sell into. Shame about small shareholders

[atino] 06/6/2014 17:05

LOL...(and that 'ploy'...MISERABLY failed O/T - didn't it m8 ? *__^) LOL

Especially when Andrew thought...RGM 'could' rise...by issuing out the Mamabara JORC ! *__^ hahahah



'He' must have thought (hang on a minute!)..."Let me give RGM a BRA" ^__^

But little did he know...there's no 'meat' behind it...to support that 'bra' WITH ! LOL

FLAT CHESTED CHICKS DON'T NEED 'BRAs' ANDREW:-)))

[on target] 06/6/2014 16:54

Not quite true Atino, it did rise briefly on the Mambare resource announcement before the 1.25p placing insiders started shorting it, COUGH!, sorry I meant before the coincidental drip down to 1.25p.