Red Rock Resources Share Discussion Threads

[torp] 26/3/2020 16:20

Wise words Kemche

[kemche] 26/3/2020 15:40

As history says not to trust Banks and Politicians and Ettie.

Another fine xenophobic rant.

[noirua] 26/3/2020 15:09

Look after yourself with the Chinavirua upon us. For those who stocked up you have done the right thing no matter what anyone says. You can now hide away and just order food online at your leisure and never mind if a delivery is in 4 weeks time or you cant even get one for now.

The food etc., shortage was the Governments fault: No doubt about it. They told people there would be plenty of food and toiletries - some Politicians are very naive as history says not to trust Banks and Politicians. If they say don't then go ahead at speed and do it.

It is right that many people will die because of China's virus and one might be you or I. It is save the NHS time and comments about becoming immune were incompetent. That scenario was worked through as failed as long ago as 1918 - they had an excuse as it happened in wartime or very shortly after the First World War when over 100 million people died in Europe and the Americas.

If you go out with no life or death need or to help another in desperate need. Then you are guilty of attempted suicide or the manslaughter of others.

[kemche] 26/3/2020 14:40

But Ettie is on record saying for those who have owned RRR shares "may have been a stressful time. We feel for them." Surely that is enough? The man oozes compassion out of every pore!

[torp] 26/3/2020 14:03

Noirua continues his relentless and shameless attempt to dupe PIs in here.

[noirua] 26/3/2020 13:48

Gold seen higher at $1800 due to Fed’s QE – Goldman Sachs

[noirua] 26/3/2020 11:57

Gold is the key factor for RRR. Nickel, copper and cobalt prices have fallen away badly.
So it's basically a call on Migori Gold and El Limon.
Most of the DRC tenements are copper and cobalt so sidelined at the moment, or should be, so layoff everyone connected to it and maybe pick it up again in 2022.
Jupiter Mines ASX:JMS is the only share held of decent value, even though 5.5m are in hock to lenders, so concentrations are here and fears they will go up in smoke to cover ongoing costs and CLNs in December.
AB saying the company can raise more cash is an admittance of abject failure - or was it auntie ettie - and particularly the Steelmin RRR directors disaster pond.

So there is value in Red Rock providing overheads and DRC workers are either slashed as to costs or given the boot up the road. Takes a tough Chairman/CEO to do that and I suspect AB is too soft to pickup and wield the Axe - might be wrong but I doubt it.
If all men count with you, but none too much;
Cobalt, nickel and copper:

[noirua] 26/3/2020 08:50

Interest in RRR has risen a fair bit in recent days. Probably sold down too far despite the Chinavirus situation.

[noirua] 26/3/2020 07:59

A 5m share sell near the close on Wednesday may impact the price this morning. Maybe PG is reducing again.

[replicas1967] 26/3/2020 01:23

Yes, Jupiter Mines - our holdings of which have Halved (in value) over the last 12 months or so !!

[noirua] 26/3/2020 00:41

JUPITER MINES LIMITED ASX:JMS

[kemche] 25/3/2020 17:41

Soon to join all the others who knew stuff.

[kemche] 25/3/2020 17:40

James knows his stuff!

[noirua] 25/3/2020 17:24

Red Rock Resources plc Holding(s) in Company
25 March 2020

[fenseal3] 25/3/2020 15:39

you are right there...at least they made 930 in the top list position...this is making a come back

[kemche] 25/3/2020 13:50

"The Company's share price has been affected. We are grateful to our shareholders for their calm, and for the support they have given us, in what for many investors may have been a stressful time. We feel for them."

No you don't!

[noirua] 25/3/2020 12:58

Red Rock Resources plc Impact on COVID-19 Pandemic
25 March 2020

[kemche] 25/3/2020 12:44

Xenophobia at it's best. Another string to your bow. Well done.

[noirua] 25/3/2020 12:32

More important to avoid the coronavirus. Two neighbours next door have been taken in this morning. One neighbour opposite is gravely ill and at 90 not expected to survive.
Saw another ambulance further along the road yesterday.

It's windy today and remember the Chinavirus floats in the wind.

[noirua] 25/3/2020 09:23

Tshipi: The estimated life of mine is 60 years with opportunities to extend to over 100 years.
Long term factor for Jupiter Mines Limited

GGP taking off in the gold sector...
KAT a sleeping gold stock...
TILS NASDAQ:TLSA - opportunities to take profits - awaiting announcement on corona virus/Chinavirus chest spray cure.

----

coronavirus/Chinavirus: The fault here lies with those travellers to China and visitors from China.

[torp] 24/3/2020 14:57

Latest Annual Report figures (to June):


CASH IN BANK - just £64k

TOTAL CURRENT LIABILITIES - £2.8m

ADMIN EXPENSES - £591k

[torp] 24/3/2020 13:45

Noirua BS - "Detractors and Trolls will not want to here about Gold. No, no, no they certainly wont. However the yellow stuff is Red Rock's card to play in these difficult Chinavirus times ahead."


No holding that this company has ever had and subsequently sold has seen monies pass to shareholders here AFAIK. Gold or otherwise.

Jupiter conducted 3 separate share buy-backs that netted RRR over £1m.

Not a single penny of it was passed to shareholders


Jupiter have paid RRR a number of dividends since the share buy-backs and again

Not a single penny of it was passed to shareholders


The FACE value of any shares here be they Para Resources shares or Jupiter shares
is a meaningless number. The TRUE value of the shares is about 75% less than the
FACE value because this despicable BOD expend about that much in Admin and other
expenses.

Your persistent attempts to pump this utter POS are both shoddy and immoral and
expose you for the charlatan you are.

As always we only need glance at the Annual Reports to see the truth of this:


Losses made each year, plus amounts raised in cash through dilution placings and amounts expended on Admin


2012 - Loss of £1,962,882 --- raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 -- raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 --- raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 --- raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 ----- raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 --- raised £300,000 --- Admin £644,688
2018 - Profit £78,120 ------- raised £421,668 --- Admin £849,518
2019 - Loss of £1,723,881 --- raised £853,089 --- Admin £591,777


Total Raised - £16,326,957

Total Admin - £12,770,280


Actually 78% of cash raised there went to admin

That is simply preposterous and the very definition of an AIM lifestyle venture imho.

This is a total avoid. There will never be shareholder value here unless and
until this BOD are removed from the picture in their entirety.

Please cease trying to con people here Noirua. It is despicable behaviour.


DYOR

[kemche] 24/3/2020 12:53

I suspect Ettie will just take this private at such a low price. He knows a bargain when he sees one.

[kemche] 24/3/2020 12:52

I feel someone has been infected and hallucinating. Nurse!

[noirua] 24/3/2020 12:24

Red Rock's shares are well and truly on the floor. Seems likely that all DRC operations will stop. There is concern here if costs can not be halted.

Jupiter Mines is not producing for 3 weeks - this should help the manganese price as most of it comes from South Africa's Northern Cape. Unlikely to affect the dividend as the Black Empowerment group hold 37% of the shares and will demand payment.

Mid-Migori still needs its elusive mining license. With a 1.2 million ounce JORC resource plus 67,000 ounces of gold tailings there should be no lack of interested parties. Would not be surprised to learn that persons in Kenya have bought shares in Red Rock quietly of late.

Red Rock has shares in Para Resources, accepted they have crashed in price. Further interest is the US$1.95 million in royalty payments from El Limon. Para are now only going ahead with El Limon that should bring in those elusive royalties.

Detractors and Trolls will not want to here about Gold. No, no, no they certainly wont. However the yellow stuff is Red Rock's card to play in these difficult Chinavirus times ahead.