Red Rock Resources Share Discussion Threads

[goldenshare888] 21/1/2014 08:19

Massive dilution here since I last looked!

Not on my list for 2014.

[fangorn2] 21/1/2014 08:15

Guess?
I'd suggest it's an odds on certainty AffeMoose. Slim chance it will get sold - similar for Colombia.

Wonder how profitable those recent trumpeted sales were. Wonder what current production is? When were the last quarters figures we received,albeit reluctantly.

[affemoose] 21/1/2014 08:08

My guess is.....never

[richie1218] 21/1/2014 07:43

It looks like they have been told not to expect the GL monies any time soon, my guestimate is the beginning of financial/Tax year probably April 1st ish :-)

[fangorn2] 21/1/2014 07:29

We seem to have alot of working capital requirements....overpaid executives???

[hubs] 21/1/2014 07:23

About time too. Been ages since a good old fashioned placing. 2 billion before the end of the year?

[atino] 21/1/2014 07:08

Placing RNS - hxxp://www.investegate.co.uk/red-rock-resources--rrr-/rns/placing/201401210700081068Y/

[wriglet] 17/1/2014 17:15

YA Global short increased to 0.75% which is why I assume the share price dropped.

Regards

Wriglet

[johndee] 17/1/2014 16:46

It did no good as it ended in a price drop.

[soulsauce] 17/1/2014 16:43

dlg3 17 Jan'14 - 13:51 - 3904 of 3906 0 0

is the news a prelude to a placing???

Think it goes without saying dlg, so transparent and bare-faced it is embarassing. Greased the wheels of volume nicely today.

ciao good post earlier.

[stockoiogist] 17/1/2014 16:19

IM IN 40p TARGET

PMSL. CCE NOW THIS. UP WE GO

[bam bam rubble] 17/1/2014 16:16

Looks like an attempt to get trade volume up. There's an issue of shares underway now according to LSE short disclosures, to be priced at the average over the period.

Hiring consultants to review data is something that happens in everyday business so does not really merit an RNS. Colombia gold sales remain insubstantial, below 1k oz net to RRR in July-Dec 2013.

[dlg3] 17/1/2014 13:51

is the news a prelude to a placing???

[johndee] 17/1/2014 13:49

He sold Oracle just when it was looking great. Normal for Bell it seems.

[arf dysg] 17/1/2014 13:45

Why would they sell MFP Colombia? They should just keep it going and use it as a cash cow, giving RRR income for years.

[noirua] 17/1/2014 13:43

Update on Jupiter mines and holdings becoming "Issuer Sponsored" and method of trading as a private company.

[nash81] 17/1/2014 13:12

so, since columbia is profitable, i believe soon the profit will be flowing back to UK and hence we no longer require placing in the future. We can use profit from columbia for kenya, GL, etc ?

[affemoose] 17/1/2014 13:04

nope

nor do we know the actual numbers, the following does not tell you much tbh:
what's the tonnage per day?
What's the sales per month?
What's the grade?
What's the cost?

"made sales of 406 oz of gold in December 2013, and 111 ounces of gold on 5 January 2014. This shows an improving trend over the last weeks"

Over what period was the 'made sales of 406 oz of gold in December 2013' gold mined? 1 day? 1 month? 3 months? etc etc WHEN in December?

Over what period was the ore that produced 111 ounces of gold on 5 January 2014 mined? 1 day? 1 month? 1 year? Absurd and amateurish, very VERY opaque.

These vague numbers that have no comparator are the same fluffy imprecise stuff that drove me nuts when Colombia came on stream the first place. they LOOK good and no doubt the usual BB morons will be howling about how super duper they are .....until you think about them and then realise that they dont prove anything other than SOME gold has been mined and sold.

[clive205] 17/1/2014 12:46

News out in case no one had noticed.

Do we know what the average price achieved for the gold is?

EDIT: 517 oz's at say $1000 per oz is gross $517k.

[seagullsslimjim] 17/1/2014 12:34

ciao - the other directors are in Bells pocket

If you look at the last two annual reports you'll see the BoDs only met twice a year - money for nothing

two on the remuneration committee is too cosy by miles.

[ciao4niao] 17/1/2014 10:51

I have been told several things by AB that was not consistent with what was announced in RNSs.

He has ramped up many things about RRR that have never happened and don't look likely to either. Aah, but it was based on information he was provided has been his limp excuse.

At the AGM he glibly announced that some of the Colombian production figures were probably "inaccurate". Question is, when did he know that and why was an RNS not released advising shareholders. Answer? Because it would raise many more questions that he would prefer not to have to answer.

He cannot be trusted and very few shareholders believe he has an ounce of credibility left.

There is always someone else or some other circumstance to blame but himself. He hasn't the backbone to admit when he has screwed up. And anyone who can't do that, is weak and that is probably why Colombia and Greenland (cough, cough) are not completing. They know he is weak.

He has been reckless and cavalier with his shareholders' investment, all the while reducing his exposure or selling his options.

It is about time that the BoD had some non-executive directors that discharged their duties diligently, i.e. looking after the shareholders' interests. It seems that they don't have the backbone either.

[rrrrrrrrr2] 17/1/2014 10:10

ciao. we will see. I will let you know when I sell. Then we will see wether I made a sound investment choice.

[ciao4niao] 17/1/2014 09:56

rrrRRRrrrubbish!