Red Rock Resources Share Discussion Threads

[maharees] 15/5/2014 22:28

Korma happens on Friday night

[seagullsslimjim] 15/5/2014 19:53

Karma happens !

[kezman01] 15/5/2014 17:56

TBF that was a typo........it should have read banana grades.
Anyway everyone knows "gold gets you millions....iron ore gets you billions".... Like Greenland.....

[hernando2] 15/5/2014 17:44

well biff if you own shares here, you ain't so smart...

IMO

and i am sure you will enjoy AB's latest e-mail gem, 21 reasons to invest in gold, whilst he is selling a

'profitable and producing gold mine, with evidence recently found of bonanza grades'

[biffbaffboff] 15/5/2014 17:35

But I have an interest. I own shares in RRR.

[kezman01] 15/5/2014 14:49

Like yourself you mean ?

[biffbaffboff] 15/5/2014 11:28

"If you want a good laugh read the LSE board with particular reference to yesterdays RNS. Comedy gold.
It's incredible how many seriously thick people there are in this world."

Kezman01 - that should include people who have no interest in a company/share waste their days chatting to anonymous people on a bulletin board. How thick can you get.

[soulsauce] 14/5/2014 19:24

Martyn lol.

[bam bam rubble] 14/5/2014 19:05

More on the deal. The royalty (capped at $1m) looks to be 3% of revenue earned
by the holding company being sold, i.e. 3% of 50%, or 1.5% of the mine's total.
The key word in the RNS being the reference to 'net' revenue not gross revenue.

Over 2011-2013 that royalty would have generated an average of c.£48k per year
so could take 13 years to get the whole amount. With it being a negligible sum
and uncertainty if RRR will even remain listed over that long period let alone
the mine remain in production, or in its current structure (if someone resells
the license a royalty in outer holding companies get cancelled) that final $1m
of the $5m sale amount can be ignored.

The deal is basically a buyer paying face value to take a $2.8m loan receivable
secured over 50% interest, and $1.2m to acquire further 48.5% revenue interest.

[kezman01] 14/5/2014 18:18

If you want a good laugh read the LSE board with particular reference to yesterdays RNS. Comedy gold.
It's incredible how many seriously thick people there are in this world.

[martyn9] 14/5/2014 16:18

Soul, the only way bell will succeed,is if he dies and comes back as a budgie!!!

[topicel] 14/5/2014 13:52

What about it AB? Buy some shares in the open market - a reasonably significant amount too, please!

Show the market that you are confident this period of DD will eventuate in the deal as announced being closed...

Topicel

[johndee] 14/5/2014 11:43

Makes one wonder what he does with his wealth!!!

[darren81] 14/5/2014 10:23

the lack of faith bell has in this company is telling, the shares he owns are due to (dire) performance related awards. He really needs to put his money where his mouth is - he has no qualms asking others to invest in the companies that he runs but he doesn't want to invest in them himself!! He can't be in a permanent closed period!!!

Why not purchase now when we are at historic lows bell? surely you must think the shares are worth 0.27p????

[nash81] 13/5/2014 21:59

thanks rrrRRRrrr2

SOLG went up multiple bags on feasibility studies of gold. if anything, kenya alone which has about 1.193 MOz Au at the moment, should be half of solg market cap (now at 50m)

but solg directors own large chunk of solg while AB owned RRR almost negligible. time for AB to react!!

[kezman01] 13/5/2014 21:48

rrrRRRrrr2

Care to answer my question to you (post 4765) ?

[rrrrrrrrr2] 13/5/2014 21:41

Nash. Listening to abs interview today, Kenya study due very soon.

[nash81] 13/5/2014 21:11

anybody know when will feasibility studies for kenya gold completed?

i think it was announced in jan 2014??

[maharees] 13/5/2014 20:52

would have been better buying a mine in Columbia