Red Rock Resources Share Discussion Threads

[noirua] 27/10/2019 23:34

The gold price is back over USD1,500 an ounce and bodes well at Mid Migori. Copper has risen in price after a fall in the summer and cobalt has jumped in price considerably.

[torp] 27/10/2019 19:56

From poster Helpful 17 Aug 2019 on LSE:

"If it has not been taken private there is a reason, as will become clear shortly.
We may still take it private. One other large shareholder wanted us to liquidate
the company last September and we said no."


On this basis I personally deem the share totally uninvestable

[noirua] 27/10/2019 10:52

Off topic:
Postage price:
Working out weight and size:

[noirua] 26/10/2019 23:44

Key factors are the new award of a mining license for Mid Migori and the second, a JORC Resource at Musonoi. Details are in the header. If both matters are resolved in the coming months I expect RRR shares to rocket upwards and no doubt TW will be completely vindicated and leave many an investor disappointed at the obvious once staring them in the face.

[torp] 26/10/2019 21:29

All that will happen now is that Bell will slowly cash in the valuable
Jupiter shares and put them to salaries and expenses until it's all gone imho.

1.5m of them have already been sold and frittered away. No value to shareholders
whatsoever.

One can not imagine that the remaining large holders will just sit idly by whilst
the only real company value is squandered so I fully expect them to take action
soon enough. Currently I suspect they are just waiting to see what happens
with Kenya.

Poster Helpful on LSE who states he owns some of the £1m outstanding CLNs
whose deadline is this 19th Dec, has stated the following:

Helpful 17 Aug 2019:

"If it has not been taken private there is a reason, as will become clear shortly.
We may still take it private. One other large shareholder wanted us to liquidate
the company last September and we said no."


On this basis I personally deem the share uninvestable. With those vultures
standing ready to liquidate or privatise the share what possible hope is there
for the ordinary PI here? None at all I would suggest. I wouldn't want to
be left holding shares if/when they do that.

DYOR

[kemche] 26/10/2019 20:54

For me it's all about the future adventures really. Whatever fleecing has happened in the past has happened and whatever money has been swindled has been swindled. It is the future swindles that I am interested in.
As long as I continue to be paid and enjoy the world jollies until I retire or am called by Mr Reaper then I don't really give a..........

But that's just me.

NoiruaEttiGoldClunes.

[seagullsslimjim] 26/10/2019 16:17

Though you need to make a profit before using past tax losses !

I can't recall the out of the last 15 odd years that Bell has been here that there ever has been a profit.

Or a dividend from the JMS payments.

Maybe next year Rodney ?

[noirua] 26/10/2019 15:13

Remain calm as I know myself how stressful it is waiting for Musonoi and Mid Migori. As kindly pointed out my the man himself Red Rock has past losses of £38 million that can be used against future profits and could be worth up to GBP7.2 million to Red Rock.
Admin was indeed GBP850K last year but included a considerable expenditure in DRC.

The gold price is back over USD1,500 an ounce and bodes well at Mid Migori. Copper has risen in price after a drop back in the summer and cobalt has jumped in price considerably.

[torp] 26/10/2019 01:23

Losses made each year, plus amounts raised in cash through dilution placings and amounts expended on Admin


2012 - Loss of £1,962,882 - raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 - raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 - raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 - raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 - raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 - raised £300,000 - Admin £644,688

Total Raised - £15,052,200

Total Admin - £11,328,985


Clear to see where all the money goes.

This is imho why the share price always keeps sinking

No value for shareholders

[torp] 26/10/2019 01:21

Amounts frittered away on Admin Expenses each year:

2012 - Admin £2,275,786
2013 - Admin £4,751,948
2014 - Admin £1,563,808
2015 - Admin £1,334,404
2016 - Admin £758,351
2017 - Admin £644,688
2018 - Admin £849,518

Laughable

[noirua] 26/10/2019 00:59

RRR Mid Migori results back in 2009. RRR looks forward to a new mining license being awarded.

The Migori gold project consists of a 60% farm-in interest in 63 km (kilometres) of a greenstone belt in Southern Kenya near the Tanzanian border, and interests in contiguous areas. The area has a NI-4301 compliant indicated resource of 1,172,000 oz (ounces) of gold.

[noirua] 26/10/2019 00:11

Juniors Back In Hunt For Iron Ore Action, Spurred On By Latest Vale Hiccup
25 October 2019

[noirua] 26/10/2019 00:07

Gold – Is It Time For Another Move Higher?
25 October 2019

[torp] 25/10/2019 22:26

The same awful advice you gave to readers here last Now saying 0.6p was a great time to buy and that opportunities wouldn't last long.

Now here we are at 0.4p and heading for the 0.3ps

You clearly have no qualms about steering people into this total POS share.
Which is testimony to the kind of character you are.

The only saving grace is that very very few people now fall for the drivel you
and other pumpers post. The game was up very long ago.

The 7yr plus charts show the long standing trend which is constant loss of
SP value which happens because the BOD here suck away all the value in
preposterous salaries and expenses.

Last years Admin Expenses alone were approx. £850,000

It' a dead horse that just hasn't stopped twitching yet.

Keep pumping Noirua. It's tragic, but laughable too.

[noirua] 25/10/2019 15:03

Atinos auntie Ettie - 16 Oct 2019 - 12:56:11 - 8771 of 8845 RED ROCK RESOURCES PLC - Information Thread - RRR
Now is presumably the time to buy, when many are unnaturally fearful, and in advance of news flow which is surely just around the corner.

[torp] 25/10/2019 00:22

Deadline for the £1m or so CLNs is looming (19th Dec). Where will RRR get
the cash to pay them off? Pawn more Jupiter shares? A poor result for
shareholders I would think.

[kemche] 24/10/2019 23:55

NoiruaEttiGoldClunes,

I last sold out while pumping the beejeesus out of it. It was only much later that I informed others. But that's just the way I am really. But good luck to you guys whichever way you wish to fleece the gullibles here.

[noirua] 24/10/2019 21:52

Para Announces Start of the Gold Road Mill


October 24th, 2019, Vancouver, B.C. – Para Resources Inc. (the “Company” or “Para”) (TSXV – “PBR”) (WKN – “A14YF1”) (OTC – “PRSRF”) is pleased to announce the successful start of the Gold Road mill and CIL plant on October 23rd, with expected doré production to begin in early November. During an extended circuit test in Q1 of 2019, the mill and plant operated as planned and achieved doré production at the benchmark gold recovery rate of 95%.

Mine production has rapidly increased in October and is expected to continue to increase as additional production faces come online. The plant start-up plan is to run at an average of 227 tonnes per day, increasing to 454 mt/day (500 short tons per day) by the end of the year as plant staff and mine production is expected to increase.

PARA RESOURCES INCORPORATED TSXV:PBR - GOLD - RRR own 2,500,000 shares and 2,500,000 3 year warrants exercisable at CAD0.30 per para share.

[noirua] 24/10/2019 21:44

Mid Migori and Musonoi are like two White Nights hovering in the wings as possible saviours. Your choice if you want out, up to thou.

[torp] 24/10/2019 19:28

More drivel posted by Noirua to push contrarian posts up the page as I outlined. Readers note.

This will enter the 0.3ps soon imho.

Deadline for the £1m or so CLNs is looming (19th Dec). Where will RRR get
the cash to pay them off? Pawn more Jupiter shares? A poor result for
shareholders I would think.

[kemche] 24/10/2019 18:28

For me it's all about the future adventures really. Whatever fleecing has happened in the past has happened and whatever money has been swindled has been swindled. It is the future swindles that I am interested in.
As long as I continue to be paid and enjoy the world jollies until I retire or am called by Mr Reaper then I don't really give a..........

But that's just me.

NoiruaEttiGoldClunes.

[noirua] 24/10/2019 18:22

Thank you for your time posting. We await the outcome for Mid Migori and Musonoi.

All the negativity is just fine and hopefully the DRC assets and gold in Kenya will well outweigh it all.

Time will tell and patience with it.

Thank you all as gold passes through the $1,500 per oz level and copper continues its slow recovery.

[torp] 24/10/2019 17:18

NoiruaEttieGldClunes is simply a sad locked in punter massively down on their investment.
Desperate and willing to try anything to pull in mugs so he can get out. imho of course.

His advice is utterly terrible and catastrophic for anyone who foolishly invests on it.
As previously posted, his previous advice:

29 Oct 2018 - " it would seem wise to consider buying in stock around 0.6p a share...your call"

29 Oct 2018 - "We can be assured that Chairman Bell and his board of directors are helping all they
can to bring about a reasonable electricity deal for Steelmin"

31 Oct 2018 - "RRR at around 0.575p to buy BUT not for long."

01 Nov 2018 - "Added a few more this morning."

01 Nov 2018 - "Still well cheap and under 0.6p is a 'come and buy me'"


Bid price today 0.40p

Simply horrible ramping advice. Thankfully I don't ever take notice of his drivel.