Red Rock Resources Share Discussion Threads

[kezman01] 21/2/2014 13:10

rrrRRRrrr2 and LADESIDE

That poster who reckons he's got 30m, have a look at his RRR posts.
The numbers don't tie up, neither do the averages.

For example
4th Oct he claimed to hold 13,360,000 "average share price 1.1p"

22/10. He claimed to hold 14,860,000 average £0.0111 and this was AFTER he "Bought a further 3,500,000 shares this morning at 0.84"
Therefore between the 2 dates his holding went down and his purchase didn't alter his average hmmmm ok move on

10th Jan "Have got close to 20m shares now" "5.6m It was a purchase - and it was me that bought it" .
Therefore he held 14,860,000 on 22/10 plus the 5.6m bought 10/1 = 20m ish ...fair enough.

13th Jan he emails AB telling him he holds 17,360,000.
So thats 3m less than 10th Jan.....mistake maybe, or maybe he sold 3m.

20th Feb claims to hold 30m @ average £0.008299


So lets go with his figures:


22/10. 14,860,000 average £0.0111 = £164,946
10/1. 5,600,000 @ £0.00525= £29,400
Total = 21,460,000 £194,346 ave = £0.009056


13th Jan email holding = 17,360,000 @ £0.009056 =£157,200

20th feb 30,000,000 @ £0.008299 =£248,970

So therefore between 13/1 and 20/2 he bought 12,640,000 at a cost of £91,770 =£0.00726 per share average
or
He bought 8,540,000 at a cost of £54,624 =£0.0064 per share average.

Whichever way you cut it the numbers don't stack up.....or maybe he's not good at figures.

[fangorn2] 21/2/2014 12:34

Any thoughts, perusing the tea leaves , as to what you think it might be?
Do we really need to add another blue sky acquisition as we haven't even turned around all the others we've taken on...focus on sorting out the mess will become even more difficult especially if this latest "buy" proves to be as misguided as the last ones.

[ladeside] 21/2/2014 12:29

In my opinion, it's a fact................

[fangorn2] 21/2/2014 12:12

"the fact that we are being prepared for a farm in or acquisition is not in doubt, imho."

So it's a fact this farm in/acquisition, or your opinion. Can't be both.

[ladeside] 21/2/2014 11:57

Make fun all you like, as I say, I make no judgements as to whether it's going to be successful, however the fact that we are being prepared for a farm in or acquisition is not in doubt, imho.

Again, for the avoidance of doubt, I don't know AB, Natasha or anyone else at Red Rock, I've never met or even spoken to anyone at Red Rock. I have no emotional attachment to Red Rock and I don't have a Red Rock scarf in the house as I reserve that for the mighty Ayr United.

I would also add that I personally do not want another project until our current ones are definitively dealt with, however ultimately all I care about is the share price rising and if this happens then I will not look a gift horse in the mouth.

[soulsauce] 21/2/2014 10:45

Quite hernando.

Lol LADESIDE, you might be right. It is probaly about time Bell suckered in some more on supposed deals, rumours, nudges and winks. Wash, rinse and repeat while his wallet gets fatter at the expense of more unsuspecting PI's.

[hernando2] 21/2/2014 10:40

So forget all the RNS's about deals and the value of Greenland and Colombia..


Trust us to get the next cheap deal, add value and then in line with our business models sell it on.

Crikey Ladeside.

I just can't make up my mind if you are a stooge for the company or are a very stubborn PI wanting to recover the losses made funding the last two projects.

If it is the latter i wish you well

[ladeside] 21/2/2014 10:36

Whether anyone believes in AB and the long term sustainability of RRR is really not important, as I believe all the recent evidence points to a large increase in share price from current levels will be coming soon. When that rise appears, people can then make their choice of believing the story or selling into the rise.

What makes me think this ?

Well, it's pretty simple, just join up the dots.

1. Increased marketing suddenly being done.

2. RSL rumours regarding a "huge" project being brokered by AB.

3. Certain "positive" chatboard posts.

4. "Auntie Ettie" posts.

5. The arrival on the LSE board of some well known traders.

Anyone reading number 4 can easily deduce that the poster is AB & Natasha (imho), and the message is pretty simple, they are telling us to forget about current projects but be prepared for some new opportunity which will shortly be coming our way.

We can all argue about the validity of this project when it appears, but make no mistake, it is about to appear.

[ladeside] 21/2/2014 10:25

I can also confirm this, however who cares whether anyone here believes this or not.

[rrrrrrrrr2] 21/2/2014 09:36

Ciao


I seen it happen live. He said he was buying 5.2 million shares for instance and low and behold the trade happened.

[ciao4niao] 20/2/2014 20:58

rrrRRRubbish,

Yea right!

[rrrrrrrrr2] 20/2/2014 19:58

KeZ

That guy has called the purchases prior to buying them.

[johndee] 20/2/2014 19:25

Yeah, trying to manufacture a rise in the share price without real news. Although the news on DNi is good, but at what price? More dilution!

[bam bam rubble] 20/2/2014 18:11

rrrRRRrrr, page one of a google search with ADVFN one of the keywords.

Regarding the miningmaven puff piece, it's a sorry state of affairs when the only reason given for investing is the market cap being far below all time high closing prices. mm likely on retainer at RRR/RGM for promotional services, mentioning both companies in the same piece a bit of a giveaway. The timing also looks suspect, the same week as articles by Minesite, Edison, Beaufort Securities.

[kezman01] 20/2/2014 18:01

Oh give it a rest ffs.
The guy says he has 30m @ an average of .83. Thats £250k invested in RRR and he goes on to say its 8% of his portfolio. Therefore he has over £3m invested in total.........and he posts on a two bob bulletin board.

Righto

[rrrrrrrrr2] 20/2/2014 17:52

well they didn't buy £525 worth. Someone they know did. Some guy with 30 million RRR shares has just had a 4 hour meeting with AB. They are now topping up more. He will be a rich man. Oh well, you lot can just all talk about it.

[johndee] 20/2/2014 17:47

Maybe they are hoping to make another £22,000 on a £525 stake.

[hernando2] 20/2/2014 16:35

Not forgetting his sale of all his holdings at circa 6p to buy his daughter a house.....Lucky old daughter is what i say, if he had held she might get a garage...

[rrrrrrrrr2] 20/2/2014 16:34

hxxp://www.miningmaven.com/mining-blog/why-we-are-buying-rrr-rgm-again-20140220370/

[rrrrrrrrr2] 20/2/2014 16:33

Bam Bam.Nice 4 year old post there. Where do you dig all this stuff up from??

[soulsauce] 20/2/2014 16:33

LADESIDE the only way anything can be retrieved here is if the GL deal and or a Colombia deal come off. If you are really lucky then JMS might get bought out.

But if the CEO had any credibilty he would have a serious holding here, that he doesn't and continues not to says it all quite frankly.