Red Rock Resources Share Discussion Threads

[ladeside] 18/2/2014 16:36

We haven't moved from the 0.38 - 0.42 range for the past few weeks.

Yes, they have had a monkey with the spread to create 3% - 7% increases and drops, however the reality is that we haven't moved.

News is required, of that there is no doubt. However all this nonsense talk about us being "doomed", "company finished", etc, etc is just that, utter nonsense.

Yes, the share price is horrendous, yes, the company updates have been very poor, however so long as we have a facility to issue shares via Seda, then company wise we have no real issues.

It should also be appreciated that our current mcap is £5.8 million, sentiment aside, RRR is surely worth more than £5.8 million.

I don't expect any sensible responses, but thought I'd try, just in case.

[seagullsslimjim] 18/2/2014 16:34

soon be at 1:1 parity price wise with RGM

[martyn9] 18/2/2014 16:32

Ladeside do your research and evaluate this shipwreck over the past 5 years,namely deals that don't materialise and more share dilution than I have ever witnessed!!! not that I have to justify myself to you.

[soulsauce] 18/2/2014 16:27

Atinos auntie Ettie 13 Feb'14 - 21:50 - 4187 of 4244 0 0

Again the price moved north today. To those saying the move is not enough I would suggest north is preferable to a move south, of which granted there have been too many, notwithstanding the funding mechanism the company is, on occasion, subjected to. The management have provided clarity that the chief focus at present is the rebalancing and rebuilding of the balance sheet and this process has not yet concluded. Once it has, we may once again rise like the phoenix.

Anyone but an idiot would see the trend as been ever lower. But quite obviously we are dealing with an idiot in the extreme.

[ladeside] 18/2/2014 16:24

How have you formulated this opinion Martyn ?

If you are going to make rash statements then please back them up, otherwise you just come across as a fool.

[martyn9] 18/2/2014 16:06

A complete and utter basket case company running on borrowed time AIMHO.

[ladeside] 18/2/2014 16:02

God, I thought the HellSE board was bad !!

I'll need to keep you lot company for the next few days due to an infraction or two too far over on the other side.

Not to worry, I'm sure there will be lots of exciting and entertaining chat here.

[scotchoverice] 18/2/2014 11:38

IPCM deal....letter to shareholders....admittedly this could be a different deal....can anyone find out the veracity of the information? We seek safe harbour :)

Dear Shareholders and Colleagues,

A little after 11.11 a.m. this morning, when I read an email received at that time, we became aware of the announcement put out by Kansai Mining Corporation in Canada. So we knew only a little before you did. This seems an excellent transaction, and we hope it succeeds.

We knew of the possibility, and had meetings and discussions a few months ago with Kansai and the acquirer, even in relation to the specific terms, and we are of course in touch with Kansai on a near-daily basis, but we were not aware that matters between Kansai and the buyer had progressed so well and so far. We suspected that the deal might not proceed. We were wrong.

We understand that the principal interest of the acquirer group is in the Venezuelan diamonds, and in Bruce Walsham's skills as a project finder. They have known each other for some time.

For us the attraction of this deal is that (a) we retain our JV and earn-in with Kansai unaffected, (b) we dispose of a peripheral asset for a large short-term gain, (c) we get funds to finance our exploration and development, and (d) we gain a financially strong new partner.

I am not sure this is a tribute to our skill, unless in investing in Kansai at a very low entry point. It is not, as some have suggested, a tribute to our cunning that we are bringing out this news at short notice on a Friday afternoon. No! Sometimes one just gets lucky.

Andrew Bell



Red Rock Resources plc
115 Eastbourne Mews
London W2 6LQ
Tel:
[phone]

[scotchoverice] 17/2/2014 01:44

RrRrrrrrrrr
Nice to know you had AB over today
Only money? No it is peoples pensions, homes, dreams etc
What you meant was..it's only ABs money..
Or perhaps that's a line from the great man himself...it's only money...or maybe Bernie madoff

[rrrrrrrrr2] 17/2/2014 00:43

lol. Sorry I have been making love this afternoon and then went to a neighbours leaving party. So could someone be so kind as to condense the replies as I really cannot be bothered reading it all. You guys seriously need to relax. It's only money.

[scotchoverice] 16/2/2014 23:13

Rrrrrrr....or shall I call you a complete rrrrrrrrrrs?
The only folk in a mining slump are PIs....would you mind telling everyone how much AB has managed to eke out for himself from RRR and all the related party companies over the last 4 years...?

Not to mention General Mining Ltd etc

Perhaps you can account for all the money raised diluting shareholders in conjunction with Yorkville shorters and the £14.5m in admin expenses across RRR /RGM....£10k a day for the last 4 years....

No? .perhaps you should team up with your pal Omar and blow smoke up each other's posteriors? I bet you are an "accountant" too...

[dlg3] 16/2/2014 23:11

looks like this is going down the pan...

[ciao4niao] 16/2/2014 22:28

I suspect that rrrRRRrrr2 is the avatar of someone in Adam Street.

The style in, "If you have lost so much and selling is a waste of time, grow up. You should have sold earlier", reminds me of someone who often used the "stale bulls" expression.

[fangorn2] 16/2/2014 22:25

Kez,

"Lol, what a mug.
How's Greenland sale going."

Better than the Colombia gold mine sale clearly!

[kezman01] 16/2/2014 22:23

rrrRrrRrr2

Lol, what a mug.
How's Greenland sale going.

[seagullsslimjim] 16/2/2014 21:23

rrrrr "If you have lost so much and selling is a waste of time, grow up. You should have sold earlier."

You mean people should of sold up before Bell was exposed as a charlatan and someone who is economic with the truth ?

You really are so up the ar*se of others that i hope you have a good supply of polo mints ! x

[rrrrrrrrr2] 16/2/2014 21:18

You lot are sad individuals. Try smiling and stop being so bitter. We are, and have been in a mining slump. Most of you are not even invested in RRR. Those who are, and are moaning, just sell for goodness sake. If you have lost so much and selling is a waste of time, grow up. You should have sold earlier.

[seagullsslimjim] 16/2/2014 15:32

ciao - great post but Bell will miss the point completeley as he doesn't see shareholders as people who have lives and families, they are a cashpoint for his lifestyle.

He's devoid of any form of emotions to others as he's wrapped up in a cash rich vacuumn world where he flies aroiund the world,living it up and thinks little of those below him

All the classic signs of a narcistist....

As per wikipedias description below, the traits certainly could be be applicable to a certain someone. Re-read the seven points a few times and the fit is uncanny!......

Hotchkiss identified what she called the seven deadly sins of narcissism:[7]

1.Shamelessness: Shame is the feeling that lurks beneath all unhealthy narcissism, and the inability to process shame in healthy ways.

2.Magical thinking: Narcissists see themselves as perfect, using distortion and illusion known as magical thinking. They also use projection to dump shame onto others.

3.Arrogance: A narcissist who is feeling deflated may reinflate by diminishing, debasing, or degrading somebody else.

4.Envy: A narcissist may secure a sense of superiority in the face of another person's ability by using contempt to minimize the other person.

5.Entitlement: Narcissists hold unreasonable expectations of particularly favorable treatment and automatic compliance because they consider themselves special. Failure to comply is considered an attack on their superiority, and the perpetrator is considered an "awkward" or "difficult" person. Defiance of their will is a narcissistic injury that can trigger narcissistic rage.

6.Exploitation: Can take many forms but always involves the exploitation of others without regard for their feelings or interests. Often the other is in a subservient position where resistance would be difficult or even impossible. Sometimes the subservience is not so much real as assumed.

7.Bad boundaries: Narcissists do not recognize that they have boundaries and that others are separate and are not extensions of themselves. Others either exist to meet their needs or may as well not exist at all. Those who provide narcissistic supply to the narcissist are treated as if they are part of the narcissist and are expected to live up to those expectations. In the mind of a narcissist there is no boundary between self and other.

[soulsauce] 16/2/2014 13:51

Well said that man ;-)