Red Rock Resources Share Discussion Threads

[johndee] 22/1/2014 21:19

Other way round. RRR owed RGM money. Gave them shares as payment.

[affemoose] 22/1/2014 21:12

Please tell me that I misread the RNS on that one.

[affemoose] 22/1/2014 21:11

Just a thought here.

RGM subscribed to shares on the basis that they owed RRR money. I think this is right?

So why didn't they pay it in cash instead of diluting shareholders?

Am I right here?

So RGM, paid RRR money for discounted shares, and warrants for future shares that can be redeemed at some price that a few placed RNS's can help achieve. All above board of course.

If I owed the government money, Tax for example, and I bought government bonds at a discounted price. Does that mean I have paid my tax?

I must ask Dave. Great idea....

[soulsauce] 22/1/2014 19:58

You are probably right kezman which allows Bell to rinse and repeat, consolidate and then do it all again.

Johndee that is all it is worth, a short term punt and even then it is a risk.

[johndee] 22/1/2014 18:17

Bell, silent as usual.

[kezman01] 22/1/2014 17:57

I doubt there are many PI LTH left here tbh, probably double figures at most.
There will be those who are locked in at prices which will never be achieved again, but hold on just in case a miracle happens.
There are those who sit on a reasonable average price (1p or thereabouts) and wait every morning with baited breath for the elusive GL sale, in the hope it will generate enough interest to 3 or 4 bag so they can get the hell out.
And then there are the others.......see the LSE board lol

[peterz] 22/1/2014 17:41

I bought in at about 13p - what a disappointment! I also bought RGM!!

[johndee] 22/1/2014 16:51

ss

Same here. I bought some for short term recently but sold when they rose.

[soulsauce] 22/1/2014 16:44

rrrRRRrrr I have not held shares here for some time but I have a substantial holding in Rgm so being an associate company it allows me to comment here on this pile of poo.

[rrrrrrrrr2] 22/1/2014 16:39

Soulsauce. If it will always do wrong, then sell your shares you plonker. It makes no sense whatsoever. Listen to your own advise. SELL. Listen to my advise. SELL. What about scotch advice? SELL SELL SELL. Then when you have sold, go and have a cigar and watch Happy days, and make like the fonz..

[soulsauce] 22/1/2014 16:17

kezman now we are at the stage where Bell is talking GL down just in case it doesn't happen - quelle suprise.

He is positioning the company so it won't be as important, more arrogance.

It will always matter to the LT investor as they had to front up the money for the failed venture at great cost, great debt and great dilution.

Of couse it won't bother the ST investor, that is all Bell is bothered about and that is how his business model works. This company will always dilute, always and assets sales will be few and far between and unlikely to recoup anywhere near what has been shelled out.

[johndee] 22/1/2014 14:37

Looks like a 2.5m rollover this morning.

[johndee] 22/1/2014 14:33

Lawyers have made money, the directors have made money. The most important people, the shareholders have lost a fortune.

[kezman01] 22/1/2014 13:58

Lol

Sept 2013

"I actually think it's a great RNS. Yes we were all expecting it not to conclude today. We are expecting the doom mongers to be all over it. But we now know we are at the key meeting stage of getting the final clearance we need. Remember lawyers have been paid, and now the key meetings have taken place. Once that gets approved it will be kerching"

[rrrrrrrrr2] 22/1/2014 13:44

Scotch. Can you correspond with yourself? Whats your feelings on David Moyes???

[scotchoverice] 22/1/2014 12:50

rrrRRRRRrrrr...I am happy to correspond with anyone
Now - can you account for £12m in "Administrative Expenses"?
Or how you value a company that cannot produce audited accounts?

[fangorn2] 22/1/2014 12:22

Kez,
"LSE is the BB equivalent of one flew over the cuckoo's nest."

hehe

What does that make iii?

[777mason] 22/1/2014 12:13

wrong post

[rrrrrrrrr2] 22/1/2014 11:32

If someone could ask Mrmagic on LSE, how many shares EDL have,and how many shares FRR have. Also the debt of these companies

[kezman01] 22/1/2014 11:04

LSE is the BB equivalent of one flew over the cuckoo's nest.

[richie1218] 22/1/2014 10:54

that's easy to pronounce rrrRRRrrr it's pronounced soulsauce :-)

[rrrrrrrrr2] 22/1/2014 10:27

Oh dear. Now I have been suspended from LSE,until tomorrow. I never swore. Is cxxt a swear word?? I cannot even pronounce it.

[rrrrrrrrr2] 22/1/2014 10:24

Scotch. You need a women. For a holder of 1 share you seem to be very active in here. I know someone else who had 1 share. Gary Carp. Perhaps you two could join forces..