Red Rock Resources Share Discussion Threads

[kemche] 16/3/2024 11:40

ACT - over the years I have got lucky with Phorm, Globo, CTAG, Quindell, VRS, ICON, SLYME, RRR, UKOG, RGM, VAST, CHLL, virtually ALL of the various Leni plays and numerous others. It's a speciality of mine.

[arlington chetwynd talbott] 16/3/2024 10:55

kemche - you arguably just got lucky with the money you recently made on your CRCL holding. What makes you think you will be able to repeat that trick with your holding in this one?

[noirua] 15/3/2024 23:30

Indefinitely
Please note that unused Capital Losses can be carried forward indefinitely. There is no upper limit on the amount that can be carried forward.
Companies -
Individuals -

[dead duck resources] 15/3/2024 21:48

"UK tax losses may only be carried back 3 years prior to year of trading. Tax loss
relief is almost always unavailable if a trade is carried on outside the UK, or if
the loss activity was not carried on with a view to profit, or deemed uncommercial"
So losses at RRR are only of historical interest. -£22.5M, breathe in that history

If we include RGM up to Bell's exit, this adds -£26.0M (-£21.5M inflation-adjusted)
for a spectacular -£48.5M

Note this excludes the 'capitalised losses' (£15M expenditure on exploration & JVs
not booked as a loss just yet as auditing rules allow some to be classed as assets)
If we say 75% of this will be written off (generous as would mean some £3.5M spend
eventually becoming a gain through trade sale etc, it adds further loss of -£11.5M

Mr Bell's total losses so far: £48.5M booked losses +£11.5M unbooked = £60 Million

[noirua] 15/3/2024 18:38

kemche29 Oct '18 - 13:31 - 4794 of 17560
0 1 0
2012 - Loss of £1,962,882
2013 - Loss of £22,105,562
2014 - Loss of £4,113,460
2015 - Loss of £8,411,541
2016 - Loss of £283,280
2017 - Loss of £1,114,213

A solid record to buy into.

The tax losses will no doubt continue ad infitum increasing the tax loss assets!

So the company is in the business of creating tax loss assets. Which it has done successfully for forever and a day.

Your call of course.

[kemche] 15/3/2024 11:40

"I am NOT sure if RRR has TAX LOSSES?" This bloke cracks me up as norm therein in species. Where can I find this information? Any ideas therein wherein in species as norm?

[kemche] 15/3/2024 10:18

NT crew starting to arrive now in anticipation for the biggest whoosh of their lives.

[kemche] 15/3/2024 09:29

The power move by Ettie on the Aussie play seems to me a tacit admission by POW that Ettie and RRR are the only ones who have the expertise and wherewithal to progress the project forward - dare I say imminently. After the groundbreaking announcement that saw the transformation of the company in an instant the market has been stunned and the rush to buy the shares has been met with a "NT" block. The backlog of buy orders stands as a pregnant deluge waiting to break the dam. But that was yesterday's play. Today it is all about DRC again. As norm therein wherein akin in species.

[noirua] 14/3/2024 14:04

It looks as if AB is putting his foot down full-throttle to get Red Rock into clear waters. It might just work.

[captain_kurt] 14/3/2024 13:34

Only why to make those payments is a placing. We all know it's coming.
Andrew Madoff Bel; never fails to deliver his payroll

[dead duck resources] 14/3/2024 10:13

£1.375m

- £125k of the sale is made up (166,666,667 shares to be issued at a markup of 0.075p)

Still overpriced by a £million or so.

[noirua] 14/3/2024 09:41

Investors are somewhat confused by the buying for £1.5m the 49.9% of NBGC owned by Power Metal. Red Rock said they are advanced in selling two assets and instead bought one more. This is very much like going out to sell a car and coming back home with the original car plus one more - maybe someone has a screw loose?

Of course, if AB comes back and can announce that $7.5 million is in Red Rock's Bank account that changes matters even though Power Metal looks to have done a deal with all screws firmly tightened.

The gods themselves are scratching their heads over all this.

[kemche] 13/3/2024 15:35

Nothing seems to be working because of the entities. How is Ettie supposed to get the bad commentary away if this is the response he gets. Poor sod.

[kemche] 13/3/2024 15:31

Classic treeshake on the back of those efforts.

[noirua] 13/3/2024 14:38

@StockBoxMedia
caught up with Chairman
@RRR_RedRock
Andrew Bell to discuss recent developments in the company's activities.


NBGC agreement Video to conditionally buy 100% of NBGC is at the foot of the Header.# above.

[noirua] 13/3/2024 14:00

DL talks up Red Rock's NBGC:

[noirua] 13/3/2024 12:35

It is also interesting that Power Metal CEO and Paul Johnson have joined Katoro Gold KAT
very recently. Another that could be in play though less likely. I've bought some shares
myself at about 0.1p - but you can never be sure to be sure.

[kemche] 13/3/2024 12:29

It's all about Artemis now.

I get to choose tomorrow.

[noirua] 13/3/2024 12:08

Any moment now Artemis may buy the 49.9% stake in NBGC for cash upfront and shares in Artemis.


An alternative is a bid by Artemis for Red Rock Resources - Maybe shares in Artemis. AB would become a director of Artemis and retain a position with subsidiary Red Rock Resources.

Director resignation at Artemis leaves a vacancy:

[kemche] 13/3/2024 11:33

Every single day - it's about something else. This is what makes RRR so exciting.

[noirua] 13/3/2024 11:01

Interesting now as AB goes all out to battle the way to fortune from misfortune. This may come off if gold plays the game and he has a buyer in mind. Maybe Advisor David Lenigas is involved here having a directorship and at the helm of Artemis Resources.
AIM:ARV ASX:ARV

[kemche] 13/3/2024 10:26

"The project is IN PLAY."

Now watch as Ettie plays with it.

[kemche] 13/3/2024 10:16

I don'y ever recall a news release by RRR that has not been stupendous and this is simply another case.

"(e) Red Rock confirming by the close of Due Diligence that it has access to funding required for the settlement of all amounts due on Completion and for the ongoing financing of NBGC and RRAL; and"

Cannot see a problem with that at all.

Why this has not whooshed beggars belief.

[noirua] 13/3/2024 10:14

Don't worry about debts as you can't pay them anyway. Only thing to do is buy more and increase the debt - makes absolute sense as a windfall may be on the way.

[noirua] 13/3/2024 09:07

POW is mainly interested in Uranium in Canada and the new Saudi deal. Most other interests are up for sale. Offers are hard to come by for tenements that have not been explored or have poor results from drilling.