Red Rock Resources Share Discussion Threads

[torp] 31/3/2020 14:41

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Admin & Other Expenses annual equiv - £818K
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[torp] 31/3/2020 14:40

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Total Current Liabilities - £2.36m
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[torp] 31/3/2020 14:39

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Cash in the bank - just £139K
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[noirua] 31/3/2020 13:59

Being overweight or obese increases your risk of developing high blood pressure. In fact, your blood pressure rises as your body weight increases. ... And being overweight or obese increases your chances of developing high blood cholesterol and diabetes—two more risk factors for heart disease.


Follows soon - Noirua's how to easily lose weight with absolutely no pressure. Just one small caveat.
It also costs absolutely nothing and weight is guaranteed to go down slowly at zero cost and zero effort.

All will be revealed later as I must get back to painting the small office ceiling.

[noirua] 31/3/2020 13:44

These are very difficult times for many with the stock market relentless slide and worries over the coronavirus/Chinavirus. Blood pressure can be a factor here:

[torp] 31/3/2020 12:55

Half Year Report

Same old


Cash in the bank - just £139K
Total Current Liabilities - £2.36m
Admin Expenses - £282K
Other Expenses - £132K

Staff wages, pension etc - £144K, equiv to £288K per year

Directors continue to reward themselves handsomely for abject failure to deliver any shareholder value and for the continued destruction of the share price. Just laughable.

And this from Annual Report 2018
"The entire interest in Melville Bay was sold on 29 June 2018 for £1"

Yet in today's Interim Report as Cgull highlights there are £97,000 of expenses for Greenland. lols

Nothing changes. Company is simply uninvestable imo. As all the reports testify, the lion's share of any monies just goes towards Salaries, Admin and other expenses. The charts simply don't lie. Whether it is 3 months, 1 year or 10 years the charts all show the same share price destruction caused imo by this BOD's relentless running of the company as a lifestyle venture.

See charts here:



DYOR

[noirua] 31/3/2020 12:35

Gold below US$1,600 this morning. TILS

[kemche] 31/3/2020 12:29

Distract, distract, distract!

[torp] 31/3/2020 11:53

The usual results

[kemche] 31/3/2020 10:24

They are excellent results. Masses of cash on hand to easily pay all the loans. Truly great.

[noirua] 31/3/2020 10:20

I have glanced through the Half Year Report in between painting my office ceiling and trying not to get paint on the keyboard. Looks a tad better than expected after all the negativity surrounding Red Rock. Gold a significant factor here and though still a waiting game over Mid Migori and a forthcoming mining license, it remains a slightly better punt than before on gold. As always it's your call.

[replicas1967] 31/3/2020 10:10

Candy Crush 🤔

[kemche] 31/3/2020 10:08

Once the cash from Cyprus is released then we are off flying. Just a minor Covid related delay I'm sure.

[noirua] 31/3/2020 09:57

Half Year Report:

[noirua] 31/3/2020 09:37

Some must still be desperate having to close positions or stump up to save their accounts to be closed out with bankruptcy to follow. They must sell everything including gold, silver and platinum. HOWEVER, this selling will end as everyone and their dog buys up all the gold and silver available.

Following this a charge to SPROTT or debit cards like TALLY that are backed by physical gold.

Remember there is nothing in Red Rock's share price for a new mining license for Mid Migori Mining Limited's, Mid Migori gold tenements and El Limon gold royalties.

My own valuation, low as it is, for up to US$28 million at US$1,600 for gold. If gold takes off to US$2,000 then that figure can be raised to US$40 million or 4.7p per RRR share. Gold in the ground value at Mid Migori rises to US$1.45 billion.

[fenton1234] 31/3/2020 09:34

Thanks Torp

[kemche] 31/3/2020 09:25

Groundbreaking results! No long term liabilities!
Have not checked the short term liabilities yet. Will report back.

[noirua] 31/3/2020 09:08

Due to overwhelming demand for our products during this time we are out of stock of many items and some will be subject to considerable delays before they become available again.

The Perth Mint - Australia

[torp] 30/3/2020 23:26

You'll be there a long time Fenton

Doesn't really matter how long the result is always the same as a result of the
MO of this BOD.

See the charts below. 3 month, 1 year, 10 years. Always the same

SP destruction




DYOR

[fenton1234] 30/3/2020 22:49

Compelling Torp I'll keep watching I think

[torp] 30/3/2020 22:11

The track record here is simply one of continual failure with a BOD continuing to
reward themselves for that failure with lucrative salaries and preposterous amounts
frittered on admin and other expenses.


Greenland Venture - Failure. Was on sale for 10m, subsequently sold off for just £1

Ivory Coast Venture - Failure. Went nowhere

El Limon Gold Mine - Failure. Sold off for a pittance and a royalty that will take years and years to recoup

Shoats Creek Venture - Abject failure now being written off

Steelmin Venture - Failure. Went into Administration Feb 2019 leaving a £1.1m debt to RRR

Kenya Venture - Had their license revoked, still fighting to get another

and more besides the above


Years of dismal failures and dire performance

Years of share price destruction

Years of confetti issue dilution

Years of BOD taking lucrative salaries despite abject failure

Years of this BOD spending £millions and £millions on Admin Expenses

Yet according to the last remaining shameless ramper, Noirua, it's a fab
investment opportunity !!! Just lols

I'm extremely pleased I don't fall for the "jam tomorrow" nonsense spouted by the
likes of Noirua here. This is for me just a lifestyle company that will continue
issuing billions of worthless confetti shares and take lucrative salaries and
spend £millions on admin for as long as it can whilst the share price continues to be
utterly destroyed. There surely can not be many mugs left that fall for it now.

DYOR and do it well !!!

[torp] 30/3/2020 22:05

lol Fenton. Never gonna happen imho. How did El Limon go? lol