Red Rock Resources Share Discussion Threads

[soulsauce] 13/11/2013 13:59

There is something missing from that video, he must have left the mask and tri-corn hat at home ;-)

[folderboy] 13/11/2013 12:44

You mean he will want more!

[seagullsslimjim] 13/11/2013 12:43

no good news this year - just more raising as the deal drags on !

Would be laughable if Bell thinks £200k salary is okay for next year at the AGM

[soulsauce] 12/11/2013 09:19

Cheers Johndee that makes more sense. Charting aside it is a pure bet on the GL and or Colombia deals being concluded. Given how long Bell has been spinning them out now and all the cobblers talked about Colombia since RRR took it on I would not bet a single penny on it.

[johndee] 12/11/2013 09:14

Red Rock Resources at 0.71p - Risk Of 0.5p Retest Ahead Of a return to 1.4p
By The Closet Chartist - Tuesday 12 November 2013

Share this article with your comrades in revolutionary capitalism


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

The main problem at Red Rock Resources (RRR) in the recent past is the way that we have been flipped from regarding the stock as a high octane bullish recovery situation, to one where the prospect of a return to the old malaise of an extended bear market seems to be back on the cards. So which is it?

The charting dilemma comes in the wake of the triple top August / September resistance towards 1.4p. During August the shares managed to rebound from 0.3p, via a two stage rally through the 200 day moving average currently at 0.79p.

Ordinarily, one would have expected the stock to maintain the summer recovery, ideally not sinking much below the 1p zone.

However, the latest price action and a break back below the 200 day moving average threatens a return to the floor of a rising June price channel at 0.5p.

This leaves us looking for either a buy on the dip towards the area of the initial July resistance, or perhaps more comfortably a break back above the initial November resistance at 0.85p, something which would amount to a momentum buy trigger.

But at least, while the floor of the June price channel remains unbroken at 0.5p, Red Rock Resources still maintains the theoretical prospect of revisiting the best levels of the year to date/1.4p.

- See more at:

[johndee] 12/11/2013 09:12

I checked the shareprophets site and its 1.4 pence.

[soulsauce] 12/11/2013 09:10

Says 14p in the link Johndee, 1.4p might be possible if Bell can conclude a deal.

[johndee] 12/11/2013 09:06

Anything is possible. But it did say 1.4 pence and not 14 pence.

[phoenix1234] 12/11/2013 08:41

is this a buy tip?

www.shareprophets.advfn.com/views/2564/red-rock-resources-at-071p-risk-of-05p-retest-ahead-of-a-return-to-14p

[hubs] 11/11/2013 22:32

glad I'm out of this at the weekends!

[soulsauce] 11/11/2013 16:21

nash81 11 Nov'13 - 15:52 - 3553 of 3554 0 0

so whats happening here??

Bell can't conclude a deal, it's a buyers market = more dilution to pay debt and wages while the company stagnates.

[bam bam rubble] 11/11/2013 16:03

By the look of the block trades on the sell side today, a SEDA draw down.

[nash81] 11/11/2013 15:52

so whats happening here??

[johndee] 11/11/2013 11:30

At this rate RGM's share price will surpass this before the end of the year.

[smythy4] 11/11/2013 11:15

rrr looking challenged...maybe later!?! Recover it all with big news coming on FML? Ex CEO predicts 8 fold (yes 8 fold!) increase in market cap by end of 2014. Sp has been battered...news due soon. Update announcement b4 w/end?

Be quick!

[az209] 09/11/2013 22:40

rrrRRRrrr2

"from the boss."

Always suspected you were a company mouth piece.

[loverat] 09/11/2013 14:39

I am intrigued by events here and in particular the Greenland and Columbia transactions.

Interesting observation about the different wording in the Columbia paragraphs. I would possibly question the prudence of stating in the first RNS that they expect to recieve an offer and then put in the later announcement what is in effect a perceived negative by saying that no offers have been received.

Greenland is also bizarre. That has been going on for so long now and what interests me is that I have seen similar situations in a handful of other AIM companies in which sales have been announced with regular subsequent holding announcements only for the process to never complete. In fact out of three, possibly four companies I recall, only one eventually completed the transaction. In each case the share price price has gone up and down like a yo yo in the earlier announcements only for resignation and apathy in later holding ones.

I will be watching this one with interest to see if the possible trend I have observed continues.

[soulsauce] 09/11/2013 12:52

Fanghorn yes a feeble excuse indeed. No other excuse needed from Bell other than 'sorry chaps I didn't do enough due diligence and bought a pig in a poke'.

[fangorn2] 09/11/2013 11:59

And just why, SS ,were we not allowed "Production figures" for the 18 months we didn't get them?

Wasn't it "confidentiality" whilst in sale talks of the asset as the
absolutely feeble excuse.

[soulsauce] 09/11/2013 10:17

Compare last months update to this:-

Colombia
The potential buyer has now visited the mine and the Company's management expect to receive an offer for the asset. Meanwhile the Company has received additional expressions of interest, and a good level of production is being maintained. A drill has arrived on site at El Limon preparatory to a drill programme to establish potential resource and exploration areas.

Colombia
Two underground drill holes have now been drilled and the engineering consultant is at site reviewing these and plans for further drilling. The sale process was slowed by the regional strike that disrupted communications until recently, but continues; meanwhile a satisfactory level of production is being maintained. No offer has to date been received from Ashmont Resources Corporation, who recently revisited the site. Dialogue continues with this and other potential buyers.

A good level of production now termed satisfactory hmmm.

We expect to receive an offer for the asset, now no offer received.

[seagullsslimjim] 08/11/2013 21:41

neubie - i'd guess a couple of hundred - they issue circa 250,000 RNS's a year

Maybe with how the price has risen in the few hours before previous RNS' have been published, Andy has a family member working there. Good income generator for them with the number lodged by RRR and RGM.