Red Rock Resources Share Discussion Threads

[torp] 13/12/2019 19:46

Sounds like Clunes, like so many shameless rampsters before him, is getting rather
tetchy about his position here which is sure to be in the red.

No sympathies from me I'm afraid. Invest in POS shares with POS BODs and you get
what you deserve.

This is going south imho.

The CLN issue is going to come to a head in 4 working days time.

Most likely scenario for me is that the holders will have no choice but to have
the can kicked down the road for a 3rd year. If so it will be indicative imho
that the company is cashless and can't afford to repay them.

Oust the BOD, curb the ridiculous expenditure on Admin and other expenses and this
would have a chance. Until then, absolute barge pole for me.

DYOR

[kemche] 13/12/2019 16:40

"Bell should not HAVE wasted time on the election"

"Bell is not a man OF principle"

etc.

[clunes100] 13/12/2019 16:35

Bell should not of wasted time on the election but got on with securing licences and deals.

I wonder if he will be taking a pay cut for the company time wasted on seeking election?

When is the AGM?

We are now a year after "things" were imminent, if imminent takes this long I am glad it is not medium term.

Come on Bell, where is your update and where is the positive news>

[seagullsslimjim] 13/12/2019 14:00

Remember folks to stock up on pre CLN nibbles this weekend !

This time next week Rodney! :-)

[torp] 13/12/2019 12:40

The reality

Total Current Liabilities were £2.7m as at end Dec 2018
Cash in the bank at that time was just £27k

Steelmin went into Administration in February, an event that still has not been
RNS'd

Bell loaned Steelmin a further £1.1m which he also didn't RNS to markets

The £1m outstanding CLNs are due for repayment 19th Dec in 4 working days time

The Jupiter share price has crashed to 25c levels wiping lots of value off RRR's holding.

Yep, looks pretty much a standard annus horribilis at RRR for me.

Same old

DYOR

[noirua] 13/12/2019 12:20

Buckingham has its first new MP for 22 years and the first MP representing a political party since 2009.
13 December 2019

[kemche] 13/12/2019 12:14

Atinos auntie Ettie - 28 Feb 2019 - 20:23:57 - 6441 of 8974 RED ROCK RESOURCES PLC - Information Thread - RRR

The market cap is almost entirely supported by listed share investments, the value is profound. The cash liabilities are comfortable as the majority may be repaid in equity, Steelmin is rightly paused to seek out strong trade partners before proceeding while the battery metals sector is in a good moment so that venture is well-timed. Suggestions 2019 will be an annus horribilis are wide of the mark, it could and should be the opposite.

[noirua] 13/12/2019 11:29

VIDEO: Power Metal reveals initial drilling plans and third-party interest at Botswana project (POW)
29 October 2019

[seagullsslimjim] 13/12/2019 11:02

hxxps://www.iceland.co.uk/p/greggs-limited-edition-2-fabulously-festive-bakes-316g/55917.html

[torp] 12/12/2019 15:09

lol Kemche

[kemche] 12/12/2019 14:57

Atinos auntie Ettie - 28 Feb 2019 - 20:23:57 - 6441 of 8974 RED ROCK RESOURCES PLC - Information Thread - RRR

The market cap is almost entirely supported by listed share investments, the value is profound. The cash liabilities are comfortable as the majority may be repaid in equity, Steelmin is rightly paused to seek out strong trade partners before proceeding while the battery metals sector is in a good moment so that venture is well-timed. Suggestions 2019 will be an annus horribilis are wide of the mark, it could and should be the opposite.

[torp] 12/12/2019 14:43

On topic

Tick tock

Now only 5 working days until the 19th Dec deadline
for repayment of the £1m CLNs

Cutting it short

Is Bell going to slip in a last minute dilution? Surely not?

Would he be so wily as to knock out a placing tonight on election day when
people will be "distracted" ? Or tomorrow, via a classic Friday night RNS?

Or will the CLN holders have to accept the can being kicked down the road for a
3rd year ?

Tough times at Red Rock High.

DYOR

[torp] 12/12/2019 14:01

Pathetic Noirua, posting large pics now.

[kemche] 12/12/2019 11:39

Odious man - just like papaa.

[kemche] 12/12/2019 11:38

Jim - apple and tree!

[kemche] 12/12/2019 10:40

Jim - excellent!