Red Rock Resources Share Discussion Threads

[wriglet] 25/1/2014 18:57

Good point Noirua

Regards

Wriglet

[rrrrrrrrr2] 25/1/2014 15:12

Bam BAm. You have stated his name before, so why are you stating it again as if it is a fresh revelation?? You are so full of it. All of you trades for the Ya short was wrong, all of the percentages too.

Scotch,I would be careful. Once bitten etc etc..You are getting the arrogance again, and you need a loved one to reign you in, as you will just be encouraged in here.

[noirua] 25/1/2014 13:21

Tanking Colombian peso helps costs at El Limon:

US$ versus Peso. Colombian Peso | Actual Value | Historical Data | Forecast | Calendar

[soulsauce] 25/1/2014 12:50

DEATH BY CONFETTI!!

[red381] 25/1/2014 12:15

Thanks Noirua

Raw Ore from SA appears to be $180 per ton for 36% grade so is that 300k tons X $180 for the quarter.

hxxp://www.alibaba.com/product-detail/Manganese-36-Ore_103771554.html

That would be $54 million revenue

Then at max 600k per quarter would be $108 million per quarter.

[bam bam rubble] 24/1/2014 23:07

Discussions reportedly began several months before Nov 2012 so getting on for 1.5 years now.


"We felt the next stages of exploration should be carried out with a stronger financial partner as funding required will increase as exploration progresses. As a small company we must lay off risk, therefore in November 2012 after several months of discussions with various parties, the Company announced an indicative offer of 51% of its stake"


Comms have been through a representative, according to the RNS, chap named Patrick Newman, a sleazy lobbyist type. May be worth doing some more research in that direction.

[fangorn2] 24/1/2014 22:43

Can't argue with any of that Scotch

Viz Greenland/Colombia perhaps AB can elaborate.


Check every deal and ask the following questions:
1. Do we know who the other party in the deal is?

It's been at least 18 months for Colombia so about time you told us the counter party Andrew - the "client confidentiality" excuse is wearing a tad thin, as is the Cyprus banking crisis.

Who's the counter party? What's the sale price? And why haven't they paid?

Simple questions - as an ex Morgan Grenfell employee like yourself how about some honest answers?


2. Can you verify their bona fides, their directors etc and their financial robustness?

So who are they? Given the time that has elapsed if there's been an approach who are are the counter parties? Colombia has been ongoing for 12-18 months, which is taking the michael, credit crisis/Cyprus banking crisis/currency crisis/weekend fondue crisis aside....time for answers..



3. Is there a clear sale process and timetable?

Apparently not - the timetable is open ended.

Either there's no buyer, or more likely they can't raise the necessary finance.

4. Has any mooted deal been closed?

In the last 12 months, since negotiations began,er No.

[scotchoverice] 24/1/2014 22:32

WHY WOULD ANYONE BE FAITHFUL?
Who gets the jam today? who gets the promise of jam tomorrow? tomorrow never comes..it is just a deal away...IPCM, GREENLAND, COLOMBIA...the moon...wherever...

Check every deal and ask the following questions:
1. Do we know who the other party in the deal is?
2. Can you verify their bona fides, their directors etc and their financial robustness?
3. Is there a clear sale process and timetable?
4. Has any mooted deal been closed?
5. How much money and how frequently is money being raised from dilutions?


check the 4 year chart;
check the promises,
check the delivery
check the "Administrative Expenses" (over £12m in 4 years - demand a forensic audit!)

Wake up. Smell the coffee. There is an old retail maxim: your first loss is your best loss. Forget what you may have lost - it won't get better: cash out and move on. All in my opinion.

Faithful? Better join a church and pray for the second coming of Christ - he'll arrive just before the Greenland deal closes.

Einstein defined insanity as "doing what you've always done and expecting different outcomes". He might have added "continuing to believe in RRR" to his definition.

[scotchoverice] 24/1/2014 22:19

more after hours dilution....
more yorkville
plus ca change, plus ce la meme chose!
who are ipcm?
where are the greenland and colombian deals?
how much are directors taking out of rrr and related party companies?
how do you value a company that cannot produce audited accounts?
how much value destruction has been inflicted on shareholders?
are yorkville running shorts again / still?
CAVEAT EMPTOR!

[dimmerginger] 24/1/2014 21:18

Thats another ab classic quote that ya will hold for at least 12 months.

Ab keeps pulling all the faithful pants down again and again. did the term naked trader come from ab's going ons?

[bam bam rubble] 24/1/2014 19:49

With constant share issues needed to pay down indebtedness RRR looks set for an annus horribilis.

Potential payments;
Jan 2014 -£175,000 convertible bond
Feb 2014 -£175,000 convertible bond
Mar 2014 -£175,000 convertible bond repaid
Apr 2014 -£100,000 YA term-loan
May 2014 -£100,000 YA term-loan
Jun 2014 -£100,000 YA term-loan -£91,307 Cornhill bond
Jul 2014 -£100,000 YA term-loan
Aug 2014 -£100,000 YA term-loan
Sep 2014 -£100,000 YA term-loan
Oct 2014 -£100,000 YA term-loan
Nov 2014 -£100,000 YA term-loan repaid
Dec 2014 - £91,307 Cornhill bond

Jun 2015 - £91,307 Cornhill bond
Dec 2015 -£341,307 Cornhill bond repaid

[knil] 24/1/2014 19:44

Yes it was probably then that it was realised that the Greenland or Colombia deals would not be happening anytime soon, may never happen, so it must have been the best alternative to pay wages and running costs.

[rrrrrrrrr2] 24/1/2014 19:27

We have known about this since Nov.

[knil] 24/1/2014 19:13

So much for no more dilution.
Next couple of stops and 2 billion shares will be in issue as the gravy train rolls on.

[arf dysg] 24/1/2014 18:30

BAM BAM Rubble 3929: "YA's short-sales ... 24th: after market close placing RNS"

Well, bond conversion, but close enough.

[vipassana] 24/1/2014 18:22

YA Global has already sold them.

[johndee] 24/1/2014 18:14

Why would they do that? I believe they will keep them for at least 12 months from November 2013.

[fangorn2] 24/1/2014 18:11

Guess YA Global will be sell their 30m odd shares from the CB Covnersion pretty sharpish.

[bam bam rubble] 24/1/2014 15:37

Can't say for certain how many shares short-sold until the trade closes out.

Do you stand by your post 3920 that the YA Global trade closed last tuesday?

[rrrrrrrrr2] 24/1/2014 14:08

Bam Bam. These trades you listed are not proving to be correct..

[bam bam rubble] 24/1/2014 11:44

"Look at Q4 2010"

As mentioned before (post 2379) the recent chart is proving to be a mirror image.

[rrrrrrrrr2] 24/1/2014 08:58

GARYoverRice. Are you allowed this close to a RRR BB???Have you not got a restriction order???

[scotchoverice] 24/1/2014 05:43

Nasha....we have heard it all before...IPCM...."met them, discussed the deal in detail"...,"deal still on".....then, oh the deal was rescinded...."always thought they were men of straw"1. What externally verifiable data exists that there is a deal of any nature under discussion?2. Who is the alleged purchaser? Exactly what is known and can be proven..? (IPCM again....? Oh and theColombian deal...what happened their)3. Where is the press release from the other side regarding their intentions...or is it all hearsay from RRR?4. If you were selling a house and had an interested party, would you let them string you along for a year or two? 5. What is the process & timeframe for completion?6. Why all the. Messaging about the deal not completing?7. How many shares have been issued and funds raised since the deal was first mooted by RRR? Where has all that money gone?8. One more question; How do you value a company that can't produce audited accounts?Leave belief to clerics. Demand data here.

[scotchoverice] 24/1/2014 05:28

This share is TOXIC.Look at the 4 year chartLook at the Q4 2010 pump and dump spikeLook at the Administrative Expenses over 4 years (£12m+)Look at how little anything has been producedLook at all the alleged deals announced that somehow aren't deals at all..Greenland, Kenya, IPCM (who are they?)Look at how much income the directors are taking out of RRR and related party companiesTOXICShould come with a health /wealth warningKEEP OUTBelieve nothing that cannot be supported by independent 3rd party sources