Red Rock Resources Share Discussion Threads

[johndee] 23/1/2014 15:04

Looked like it was dropped to allow the buyer in. Just my impression. Or it could be that no one wants the new shares at above 0.47 any more.

[nash81] 23/1/2014 15:00

5m buy and yet we dropped 3%?

[nash81] 23/1/2014 13:53

confirmation from Bell ...

he expect greenland deal to complete and it can happen anytime (though he has no idea when)

russian board meeting soon

[nash81] 23/1/2014 13:47

sorry, wrong board

[johndee] 23/1/2014 11:13

Not really. RGM own just about 10% of RRR. Eventually RGM and RRR will be one company.

[affemoose] 23/1/2014 11:02

Thank goodness for that. Obviously the risk is now being held by RGM shareholders.

[richie1218] 23/1/2014 09:26

And why would someone constantly talk down a company of which they held an indirect but substantial holding in an associate company to that said company, it doesn't make sense unless you are called soulsauce that is who just happens to be the biggest chancer ever, what a prat.
have a good day all

[wriglet] 23/1/2014 04:06

Gary I'm sure if you ask RRR they will tell you.

Regards

Wriglet

[scotchoverice] 23/1/2014 00:20

for what did RRR owe RGM money.
RED ALERT: Is this the more transferring of value away from RRR...more Value destruction at play

[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.