Red Rock Resources Share Discussion Threads

[jdsdps] 19/9/2019 16:13

Why has Para raised 10,000,000 and not reported what it is required for?

[kemche] 19/9/2019 13:49

Bell will not relinquish this until all of JMS has been sold off and suitable "expensed" - after which the baton will be passed onto junior.

[torp] 19/9/2019 13:43

Let's not forget also that the £1m worth of outstanding CLNs that were rolled
over from last Dec will have to be paid down this Dec unless they agree to kick
the can down the road for yet another year.


Where's all this cash going to come from???????

I think we can all guess. . . . . .


DYOR

[noirua] 19/9/2019 08:21

Red Rock Resources Plc, the natural resource investment and development company, announces, further to its announcement of 22 October 2018, latest developments in relation to its mineral interests in Kenya.

Red Rock is pleased to note the approval for the grant of licenses by the Mining Rights Board (MRB) on the mining cadastre website. Upon receipt of official confirmation of intended grant, the Company will be invited to fulfil fee payment and registration requirements.

The grant of the licences remains subject to the approval of the Cabinet Secretary and a further announcement will be made as and when the licences are confirmed.

Andrew Bell, Chairman of Red Rock comments: "We are entering the last stage of what has been a lengthy process, and thank all involved.

We look forward to the confirmation of grant, and to renewing progress towards our aim, which is to have a producing gold mine."

Note: A project summary was included in the announcement of 22 October 2018. An updated summary will be released upon conclusion of the grant process.

[the_boy_plunger] 19/9/2019 08:18

oh dear
get down...…
don't worry guys cos u got burnt being investors in the past, now haters>>>>>

[noirua] 18/9/2019 22:57

Cobalt prices continue rally with lithium prices under pressure

[noirua] 18/9/2019 22:53

Para Resources Announces $10,000,000 Non-Brokered Private Placement

[noirua] 17/9/2019 09:14

17 September - Australian Citizenship Day -

[noirua] 16/9/2019 10:03

Manganese Ore Index 37% Price (FOB Port Elizabeth/US$ per dmtu):
Week commencing 16/09/2019 - US$4.06 (last week US$4.06)

[clunes100] 16/9/2019 08:36

JMS shares are back to 40c, let's hope they continue going up and then selling a few won't be so painful.

[torp] 16/9/2019 08:19

Kemche: "Could the idea be to sell off JMS shares in a piecemeal fashion,
"expense" the whole lot and then sail off into the sunset?"


Either way, as always, shareholders won't see a penny of any of the proceeds.

It's a mugs share imho

[the_boy_plunger] 16/9/2019 08:07

been waiting to buy SAV cheapy

lol

solly wrong fred

[kemche] 15/9/2019 17:59

Could the idea be to sell off JMS shares in a piecemeal fashion, "expense" the whole lot and then sail off into the sunset?

[torp] 15/9/2019 16:00

Any comment on those liabilities Noirua or are you just going to ignore and hope readers don't notice you didn't/couldn't answer?

[noirua] 15/9/2019 14:19

❖ Red Rock’s retained consultant geologist has conducted a desk top study of historic data
❖ Identified a deposit potential for the Musonoi PE4962 footprint of up to 400,000 tons contained copper and 25,000+ tons of cobalt

[torp] 15/9/2019 00:04

Hmmm seems he can't!

[torp] 13/9/2019 18:32

Just to add

Admin Expenses ran at £850,000 last year

So together with the £2.7m liabilities (as at end Dec) that's a funding requirement of around £3.5m since Dec isn't it? And that's before we even bring up project costs and any "Other Project Costs" (last year £306k)

Yet you seem to be saying that a paltry bit of cash from selling Jupiter shares and a forthcoming dividend will make everything ok? Your numbers really don't appear to add up TBH. Perhaps you could elucidate.

[torp] 13/9/2019 18:27

Just to clarify Noirua, are the liabilities more than just those £1.1m of CLNs?

Half Year Report stated liabilities as £2.7m as at end Dec 2018.


Are you saying tons of that total liability have disappeared? Or were you just neglecting to mention the whole amount?

[noirua] 13/9/2019 13:48

Selling is continuing with the CLN conversion situation in December next. RRR have a dividend due from Jupiter in November that should cover normal running costs, together with an earlier placing and recent sale of 1.5m Jupiter shares, until early into 2020. -

2018 - Administration costs: £849,518* ----
* Includes £288,016 in legal and regulation fees.

If CLN holders demand repatriation of their cash then about £1.1 million will be needed, including interest, to cover the position.

Red Rock could sell more ASX:JMS shares so there are no worries as of now about covering the position. Not an ideal situation with ongoing costs in DRC and RRR not coming whiter than white ove the £1.1 million unsecured loan made to Steelmin that looks lost.

[torp] 12/9/2019 22:48

Noirua: "This showed that 1,500,000 shares had been sold "


Dear oh dear.


So they've resorted to selling down the family silver (Jupiter shares) in order to presumably keep paying the preposterous salaries and Admin Expenses.


Last one out turn off the lights please !


DYOR

[noirua] 12/9/2019 12:39

What the JORC? Why miners use strange jargon and what it really means


RRR -

[noirua] 12/9/2019 09:33

Regency Mines Plc (LON: RGM) the natural resource exploration and development company with interests in energy storage, battery metals and natural gas announces the resignation of Andrew Bell as a Director of the Company.

Andrew Bell, outgoing director, said: "As the new directors have now become familiar with the business, the transition is complete, and this is the right time for me to leave the board and take on other responsibilities. I shall of course be available to assist whenever this may be required, but under the leadership of Scott Kaintz and the new Chairman the Company is in good hands and with the Nickel price finally beginning to improve, it has better prospects now than it has had for years."

Red Rock has a minute interest in Regency Mines that was once very big but reduced in value as the share price sank. Once worth several Rolls Royce and now a cup of char for each shareholder and dry biscuit.

Don't however get me wrong here as comments by AB on a [possible] transformational outcome in DRC [and Mid Migori] could yet come up trumps.