Red Rock Resources Share Discussion Threads

[proctologist] 28/7/2020 14:48

Do you know if the loan notes have been block-listed? Meaning they can be converted in blocks

[torp] 28/7/2020 12:59

Significant holder of 13% Peter Gyllenhammar has more or less dumped his shares.

Last reported at 2.48% and surely many of the large sells being seen now are
his remaining millions being dumped.

Now why would he be bailing out at this point ????


The current pump and dump is surely going to peter out soon

If the share price reaches 0.6p then approx. £1m worth of CLNs will get converted and
doubtless all the shares will start to be sold off. The holders of those CLNs
have been locked in for close to 3 years unable to get their money out. They
will surely be desperate for any opportunity to release their cash.

Who wants to be left holding here if/when that happens?

Well done to those that have recently made a profit, as many people have done
with lots of different shares due to the COVID situation.

However I would not personally want to be left holding here if/when 0.6p is
reached and all those CLNs get converted and a mass sell ensues. Profit is
profit. Always good to take it at some point. Each to their own of course.

DYOR

[kemche] 28/7/2020 12:32

I've now reduced my holding in RRR by 537%. Together with some more recent buying I've crept out with a 598% profit.

[torp] 28/7/2020 12:07

One final push from the pump squad needed to get the share price to the target 0.6p
level in order that the long suffering CLN holders can convert and exit.

Then watch them convert and sell in droves imho. Not a point to be left holding the baby imho

DYOR

[noirua] 28/7/2020 12:00

I've now reduced my holding in RRR by 57%. Together with some more recent buying at prices down to 0.179p I've crept out with a 3% profit. Profits taken in March 2018 makes it quite a successful investment afterall and that despite the frighteners along the way. These caused by Steelmin and other ventures that failed due to the company's ineptness.

[kemche] 28/7/2020 10:16

If fundraising was not mentioned in the interview then we will not have one.

Soon.

[clunes100] 28/7/2020 08:36

15.4% up today, that is just about a bagger for the shares I bought at the recent lown, now holding for the ride on the back of the Victoria licences and the price of gold, if Kenya comes good - happy days indeed.

[tomboyb] 28/7/2020 08:33

Have been acquiring a few -

Thanks for info -

Best of luck -

[noirua] 28/7/2020 07:54

There is a podcast with Chairman Andrew Bell for 27 July 2020 on YouTube/Proactive Investors. It did not discuss fundraising and not worth including in the header.
There is unlikely to be a fundraising at under 0.51p a share as that was the pricing of the last one and the price paid by the current largest holder of shares in Red Rock.
Looking at ASX:BOA in Australia that have built up tenements in a similar fashion to Red Rock. They have not yet had any interest from prospective partners over many years. However, BOA directors have cut pay and costs to a minimum.

[torp] 27/7/2020 16:51

SP has merely rebalanced to where it was in January when the COVID crisis hit.

I'm not remotely duped by the pathetic ramp squad trying to make more of it than
actually exists. A vast number of stocks likewise recovered from the dips
created by the COVID crisis. A rising tide lifts all boats even the decrepit
ones that were slowly sinking.

The 3yr chart below shows very clearly that RRR was on a downward trend due to
its business model before COVID hit in January. The share price had been decimated from 0.8p down to 0.45p levels and then COVID created the dip down to 0.16p levels.





The same happened to 100s of shares across the markets and most of them have
likewise now rebalanced. Well done to the people who bought those decimated dips
in whichever company they did it. Like me they have been rewarded for it.
However the share price here has clearly now reached the former levels where it was before
the COVID impact. I expect many will now be looking to pass their shares onto
mugpunters who will then be left holding the baby. Hence imho all the current
and rather lame pumping. The CLN holders would of course dearly love to get the
SP pumped to 0.6p so they can escape their 3 yr lock-ins so expect the pumping
to continue and get more desperate imho.

Many companies are now suffering share price decimations again as second waves of the virus
are starting to appear. The UK is now mandating quarantining of people arriving
from Spain. Stocks are seeing sharp drops again. Important not to get caught
out. There will imho be more opportunities to buy back at lower prices in many stocks.


DYOR

[tomboyb] 27/7/2020 16:01

up we go -

[affemoose] 27/7/2020 13:48

If only i'd known there was a Zoom, i could have felt better about not attending it.

I attended a phone Conf a few years back and one of the directors of 'Our Close partners in Kenya' (Kansai Mining) joined the call and asked what was happening as nobody had spoken to him in months and nobody would call him or give him any info.

very funny.

Tragically the recording of that call seemed to fail so it couldn't be shared :-)

[tomboyb] 27/7/2020 12:18

RRR went from 0.20p to well over 20p last recession -

Obviously a few consolidations down can it do something again -

What say you -

[clunes100] 27/7/2020 11:17

It is true that I have had some losses over the years and it also true that I have taken some profits as well, it is also true that I purchased RRR at the recent bottom and have taken some profits and still sit on some paper profits. Those paper profits stand at 79.7%.............Bosssssh!

It is also true that I currently hold a reasonable number, enough to make today's rise interesting.

[torp] 27/7/2020 10:39

Yawn

Desperate pumps to try and get the share price to 0.6p so that the CLN holders can be let out.

They've been sat locked in for 3 years unable to get their cash out. Poster
Helpful on LSE holds a lot of them which is why he constantly pumps the share.

Not getting sucked in here

Clunes in massively down here and has tried pumping this POS for years, so too
Noirua. Make no mistake a 10-15% rise isn't getting them anything significant back. The share price will drop back imho. It always does. Just the usual P&D.

Remember CLN holders get to convert at 0.6p.

DYOR

[proctologist] 27/7/2020 10:25

Exploration techniques have moved on a little bit in the last 150 years. Plus my understanding is the Victoria gold licenses are a play on the Fosterville South success story, also with ECR

[kemche] 27/7/2020 10:23

A lot of spin? The man is a veritable dervish!

[clunes100] 27/7/2020 10:08

Those gold licences in Victoria, assuming they all get issued are starting to look mighty attractive given the surge in the price of Gold, old Bell might have just pulled off a blinder in the nick of time, although it is about time something came good, he has had enough goes at it.

[kemche] 27/7/2020 10:06

Thanks Proctologist.
No advice taken.

[proctologist] 27/7/2020 09:48

It's not unusual for the most hated bombed out stocks to be the best performers of all at the beginning of a new bull market. That happened in 2009/10 and it's the kind of contrarian indicator to look for (also CGNR GRL, ECR, GRL + loads more) so when I came across RRR on this cynical relic of a bulletin board it ticked all the right boxes - you got capitulation with RRR in March which was the low water mark. Now looks like the perfect storm is starting to form. As an aside until recently I hadn't posted on ADVFN since 2014 I assumed it had died out as most AIM investors use Twitter now. Definitely past it's sell by date. Good luck all . no advice intended.

[shearluc] 27/7/2020 09:40

I've got torp / kemche on filter so can't see what sad drivel they are churning out....Move on guys!

[clunes100] 27/7/2020 09:23

Good call Torpee, you keep your powder dry, I am only up 11.7% today, it really is not good enough, I'll have to sell some more at a profit.