Red Rock Resources Share Discussion Threads

[vivgav] 10/6/2014 07:15

Who is Daniel Sklan?

8.5%

[rrrrrrrrr2] 09/6/2014 21:56

Oh well dimmer I am sure you will get over it. I didn't realise you guys had feelings. I too have learnt something new.

[dimmerginger] 09/6/2014 20:19

Not as bad as you think. The currect spike has allowed YA to clear the decks for another conversion to start asap. What a team AB & YA are! Best partnership currently in Aim.

feel sorry for small shareholders holding the baby.

[bam bam rubble] 09/6/2014 18:28

Tshipi's low-grade ore is certainly loss-making at current manganese prices.

There was some blurb in Pallinghurst's last annual report regarding valuations;

Pallinghurst's 18.5% equity stake in Jupiter Mines, using fair value methodology
of the quoted mid-price on December 31st 2013, has a book value of $30,256,997.
As Jupiter delisted from the ASX on Jan 10th 2014 the directors believe it may be
possible to use 'the equity method' from now on, resulting in a higher valuation.
While it is still IFRS compliant, such a valuation should be treated with caution.
hxxp://www.pallinghurst.com/_files_/auto_files/d3e856a38baeeb1613ce8ff788ca2618.pdf

NB. Using the equity method to report losses as 'profit' was a trick used by Enron.

[scotchoverice] 09/6/2014 17:06

maybe someone can explain the ballyhoo re JMS to me?
1. Losses have doubled on a pro rata basis vs last year (this years numbers are 8 months vs 12)
2. Net Assets have declined from $485m to $480m - again 8 months versus 12 - there could be more bad news here
3. Price of managanese appears to be falling - so if losses are already doubling, there is not a great deal of positivity that profit will start flowing any time soon
4. There is no market for RRRs 1.2% stake

All in all ...looks pretty shoddy to me. What angle is it I am missing?

[johndee] 08/6/2014 23:38

I was not brave enough to swap RGM back again to RRR when they had a parity in the share price It sure looks like I am to regret that I didn't, at least for the short term. I have RRR shares but nothing like the amount of RGM shares.

[noirua] 08/6/2014 21:39

Chart shows that the SMA50 and SMA200 are far apart. Next week will prove if a new trend is on the way:

[mart12345] 07/6/2014 12:52

Do some research into URU metals , mkcap under £6m, owns 100% of potentially worlds 12th biggest Nickel resource (sulphide resource and next to Ivanhoe's massive Platreef project), and URU owns license containing potentially worlds 5th biggest uranium resource, together with 500m barrels of oil.
Just spreading the word as this stock is widely unknown atm imo.

Listen to the webcast using link below:

[...]

Do your own research before investing. No advice intended.

[johndee] 07/6/2014 10:04

Remember RRR was merely a spin off from RGM. We need them both to rise as they complement each other.

[rrrensch] 07/6/2014 08:57

Red Rock did get a mention in today's edition of the Daily Mail financial section. Let's hope we see a higher share price on Monday!

[soulsauce] 06/6/2014 17:45

Yep Dimmerginger I am sure they got rid of the majority of what they had left. Classic ploy and more newbies locked in. 12m sell gone through at the end.

[dimmerginger] 06/6/2014 17:40

Great day for Ya to sell into. Shame about small shareholders

[atino] 06/6/2014 17:05

LOL...(and that 'ploy'...MISERABLY failed O/T - didn't it m8 ? *__^) LOL

Especially when Andrew thought...RGM 'could' rise...by issuing out the Mamabara JORC ! *__^ hahahah



'He' must have thought (hang on a minute!)..."Let me give RGM a BRA" ^__^

But little did he know...there's no 'meat' behind it...to support that 'bra' WITH ! LOL

FLAT CHESTED CHICKS DON'T NEED 'BRAs' ANDREW:-)))

[on target] 06/6/2014 16:54

Not quite true Atino, it did rise briefly on the Mambare resource announcement before the 1.25p placing insiders started shorting it, COUGH!, sorry I meant before the coincidental drip down to 1.25p.

[bones30] 06/6/2014 14:49

Johndee, might happen, indeed.

[johndee] 06/6/2014 14:48

RRR has dropped a lot more than RGM since the highs of 2010. If RRR was 0.55 to sell today it would be RGM's equal at 0.26. As it is it is about the same as RGM's share price DNi will be RGM's bigger brother soon and it will be bigger than Jupiter Mines as RRR have just a very small part of that.

[atino] 06/6/2014 13:30

...if a 'bone' was thrown at you Bam Bam...(i bet)...you would 'jump up' and even rip that to pieces!!

...would a 'dog collar' suit you???...[fink about it m8!] We could ALL 'choke you'...by pulling HARD on the lead! (...Mutt!)...

Go & rip RGM...[or would like ME to do that??:-))

[bam bam rubble] 06/6/2014 13:21

On the subject of Jupiter's 'equity method' valuation of Tshipi,

If Tshipi spends $25m on capital expenditure in a year, all capitalised so +$25m
booked to non-current assets, and the mine makes a loss that year of $15 million, Jupiter would report not a loss but a $10m 'profit' using the equity method which
is nothing more than an accounting trick.

In the current manganese pricing environment and the cost profile of South Africa
Tshipi's direct-ore op is highly likely to be loss-making at this stage. Jupiters
accounts show as much; the tens of millions of 2013 capitalised costs ended up as
a $8.2m equity method gain after adjusting for the mine's profit/loss (read: loss)

[soulsauce] 06/6/2014 13:11

LOWRDR the placing is already working through, YA still had 39m shares to convert, but yes typically Bell.

[l0wrdr] 06/6/2014 13:01

Release an rns to raise the price then smack shareholders with another placing. Typical AB style

[soulsauce] 06/6/2014 12:55

A nice RNS to grease the conversion process lol.