Red Rock Resources Share Discussion Threads

[torp] 22/11/2019 17:33

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

Absolutely no point buying before 19th Dec imho. Might as well see whether they dilute or sell down
more of the "family silver" Jupiter shares or whether they kick the can down the road by extending the
CLNs for yet another year.

Either way the share price will drop into the 0.3p levels imho so may as well wait until then


DYOR

[noirua] 22/11/2019 17:30

Para Resources Inc. (“Para”) is a Gold Mining Company listed on the TSXV with a focus on South-American Gold Properties. Para owns an operating high-grade gold mine near the town of Zaragoza, Colombia, a gold mine and milling facility in the Oatman District, Arizona and a gold and copper bearing property about to be permitted near the town of Tucumã in Para State in Brazil. The Company has a very experienced and qualified management team. It is looking to add additional small scale operating mines to its portfolio to leverage its access to capital.

[torp] 22/11/2019 17:27

Noirua persists in posting the same cut/paste drivel to push realistic posts off the bottom.

Surely the actions of a Boiler room style stock promoter

Draw your conclusions accordingly.

[noirua] 22/11/2019 17:23

.Para Resources Announces First Doré Pour at the Gold Road Mine-

[torp] 22/11/2019 17:03

Your header info has always been hugely misleading, devoid as it is from all the salient information
an investor would need to know. The awful track record, long list of failed projects, preposterous amounts frittered on Admin and other expenses, endless dilution and lack of income.

Shame on you for only cherry picking your ramp material

[noirua] 22/11/2019 16:42

Hi guys, you will notice in the header a new Zak Mir chartist section to keep us up to date on market moves.

[noirua] 22/11/2019 15:36

A form of report for drilling cores is imminent for Musonoi Area 1. Expected as sectionally delineated as acceptable to the Chinese and in accordance with the SME Guidelines.

[torp] 22/11/2019 15:29

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

DYOR

[kemche] 22/11/2019 13:11

No it won't you silly boy!

[noirua] 22/11/2019 12:54

Switzerland's Katanga Mining Limited is raising funds from Glencore - 18 November 2019

This could raise possibilities of a bid for Red Rock's 51% owned Musonoi Area 1.

[noirua] 21/11/2019 23:39

Relief for British Firm as it Strikes Migori Gold - 26 September 2019
Migori Gold Project to continue under Red Rock Resources
The British firm which had lodged a court case in 2015 following the cancellation of its mining license in Migori will continue to excavate gold in the Western part of Kenya.


Red Rock Resources, the ore company listed at the London Stock Exchange (LSE), has received the government’s approval to continue mining the precious metal within Migori, according to Business Daily.

The vehicle driving Red Rock’s Migori Gold Project is local firm Mid Migori Mining Company Ltd , of which the UK firm holds a 75% direct interest in. Mid Migori Mining Company controls a 1.2 million ounce gold resource in Kenya, and is licensed by the Mining Ministry. On current market value, the gold deposit has a value of around Ksh187 billion [ GBP1.4 billion ] [ ]

[noirua] 21/11/2019 23:02

A 10% yield on recent CLNs looks OK for buyers.

[torp] 21/11/2019 17:42

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

DYOR

[seagullsslimjim] 21/11/2019 17:09

Yep - another chunk of Jupiter soon to be sold to cover the CLNs

Let me be the first to say on behalf of Red Rock...

"Happy Christmas Everyone and may the next decade be a prosperous for some of us as the last one !"

[torp] 21/11/2019 15:50

Stop trying to con people Noirua.

[torp] 21/11/2019 15:50

Watching for the (imho) inevitable update RNSs which will come before a placing imho.

Pointless buying before 19th Dec imho when they have to magic £1m from somewhere to pay off the CLNs. Might as well wait to see if they dilute or pawn off more Jupiter shares. There will be opportunities to buy at the 0.3p levels soon enough imho.

DYOR

[noirua] 21/11/2019 15:07

There is very much to go for in 2020 as far as Red Rock, Musonoi and Mid Migori are concerned. Very much upside in the offing. A 10% yield on CLNs and a side piece in a chance to jump in at a good stage at 0.8p - not to be thrown away.

[kemche] 21/11/2019 00:23

Just read the history of the company to know what's coming.

[noirua] 20/11/2019 23:07

Just read the information in the header and follow the links.

[torp] 20/11/2019 17:05

This will be in the 0.3's before Christmas imho

[torp] 20/11/2019 17:05

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

DYOR