Red Rock Resources Share Discussion Threads

[julianw2] 26/11/2020 20:10

Totally agree it's a life style company for sure.

[torp] 26/11/2020 10:51

Only about 3 weeks now for the deadline of 19th Dec for those £830,000 worth of Convertible Loan Notes which are convertible at 0.6p. Plus interest at 12%pa. Can't understand why anyone would pay more than 0.6p for shares here given that situation. share price is imho just going to continue to tank as more and more dilution comes. It is and always has been a share for mugs imho. I predict more dilution will come and then ultimately a second share consolidation as was done over at RGM. Lifestyle outfit nothing more. Barge pole for me. DYOR

[greenpastures2] 26/11/2020 08:26

I will be surprised if this Company ever makes a profit. When I first invested we were told at the AGM that we didn't need all the irons in the fire to come good. Two years later when there looked to be only one, Jupiter, and the holding in it was quite small I decided to take the loss. Fortunately for me it wasn't life changing.

[kemche] 25/11/2020 22:58

Noirua - everyone can see the long term chart above. That suggests to me that a vast, gargantuan, ginormous number of people have lost money on this share than made money. But that may be my simplistic view. But overjoyed that you managed to make money on it so well done you.

[noirua] 25/11/2020 19:15

kemche, Be fair, the share price rise from 0.18p to 1.1p signaled a rise of 510%. Ample opportunity for those in a stressed financial situation to get out close to the previous March 2018 peak. What happened before 2017 was before my time. There have been quite a number of failures since early 2017 and a few of those unforgivable. AB is Chairman and CEO I believe and has due level of responsibility.

[kemche] 24/11/2020 22:50

Bellend - when is the next fundraising?

[kemche] 24/11/2020 22:49

When has the chart not looked "poised" to you fatman? "Time to buy?" - Never - as long as you are in charge.

[atinos auntie ettie] 24/11/2020 22:47

Someone has suggested to me the chart looks poised for the next leg up. Time to buy?

[gasman10] 24/11/2020 13:02

Going down like the Titanic....Bells lifestyle company...look another placing coming along shortly. Pumped by Tom Winnfrith...lol

[kemche] 24/11/2020 12:11

Totally and utterly shameless!

[noirua] 24/11/2020 12:09

My own position became quite negative of RRR after the stock rose over 400%, as it seemed too steep a recovery. My holding is only 3.33% of what it was at the high point. Many made big sums on the share's runup.

[gasman10] 24/11/2020 11:43

Bells life style company....

[noirua] 24/11/2020 10:05

Unfortunately the gold price has tanked. So that puts any float on that there TSX in the bottom drawer for the time being. The CLN holders have stupidly failed to convert at 0.6p a share and they look to have missed the boat. At least Jupiter shares and POW share are worth a fair chunk of cash and the POW warrants - the warrants at the moment but the market is starting to tread water. The alternative though by Clunes100 about having 'skin in the game' is a just one because gold can turn on a sixpence. Also JMS shares are holding their ground at slightly higher levels.

[kemche] 22/11/2020 11:14

I'm all in!

[clunes100] 22/11/2020 11:00

Bell is playing his end game cards............... He must be looking forward to retirement and I am sure he is already comfortably well off in that department, however, I am sure he both wants to go out with a bang and have an extremely comfortable retirement. RRR has a few game changing prospects, Bell needs at least one of these to come to fruition and his stake is worth £430,000 for every 1p rise in share price plus future salary and consultancy fees. If RRR is going to have a success, the cards are now being played and funded by the JMS shares until other JV's or revenue is in place. We are in the end game and the the one arm bandit has been pulled and we'll know in the next 12 months if we have made or lost a fortune, but you have to have some skin in the game to enjoy the highs and lows of the ride with Bell.

[kemche] 20/11/2020 13:19

It's all about Luanshimba now. Sheesh!

[noirua] 20/11/2020 12:44

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and copper, announces that today a team mobilised to Red Rock's 80% owned Luanshimba license in the south-east of the Democratic Republic of Congo, to begin a programme of geophysics to follow up the strong copper and cobalt anomalism identified in the southern part of the license by a programme of termite mound sampling in late 2018. I'm wondering here why? This is because RRR have enough on its plate getting to a JORC resource on Musonoi which is now not that far off two years late being achieved. Extra costs for such an early stage at Luanshimba is worth questioning.

[kemche] 19/11/2020 13:54

My giddy aunt - is there no end to the buffoonery? CLNs.

[noirua] 19/11/2020 13:51

The present gold and silver shares market is very weak at present as gold continues its relentless fall from grace. If there is no improvement Red Rock will need to shelve its intended float of Australian tenements early into 2021.

[noirua] 18/11/2020 11:08

PROGRESS REPORT - African Exploration Assets 15 June2018 Https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/xjkz71r Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation ("Kansai") of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018 ("2018 Agreement"). The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a USD50,000 payment, leaving Red Rock with a 100% interest.In the event of a renewal or reissue of licenses covering the Assets the Company will within three months make further payments, subject to such renewal or reissue not being on unduly onerous terms, as follows: (1) USD2.5m payable in cash, (2) a USD1m promissory note payable 15 months after issue, and (3) GBP500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue. - Looking at 3) it does seem that RRR should have issued GBP500,000 shares at 20% above their average closing price. 0.775p x 120% = 0.93p. RRR have issued the following: -- Grant to Kansai of GBP500,000 of warrants exercisable for 30 months into Shares at 0.7p a Share. [71,428,571 shares] This is not in accordance to the agreement!

[kemche] 18/11/2020 09:13

CLNs next.

[kemche] 18/11/2020 09:13

Confetti Bell strikes again.

[noirua] 18/11/2020 07:59

Red Rock Resources plc Issue of Shares, Warrants, update on Kenya and TVR -- Payment of GBP25,000 to Kansai by the issue of 3,571,429 Red Rock shares ("Shares") at a price of 0.7p a Share; -- Issue of a $1,000,000 Promissory Note payable in fifteen months to Kansai; -- Grant to Kansai of GBP500,000 of warrants exercisable for 30 months into Shares at 0.7p a Share. [ 71,428,571 shares ] In addition, Red Rock has issued to Riverfort Global Opportunities PCC Limited and YA II PN Limited a total of 16,000,000 thirty six month warrants, exercisable as to half at a price of 1.6 pence a Share, and as to half at a price of 2.4 pence a Share, in consideration of the extension of existing facilities and grant of a six month repayment holiday on drawn amounts. Following the issue of the 3,571,429 new Ordinary Shares, the issued share capital of the Company consists of 825,338,881 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.