Red Rock Resources Share Discussion Threads

[torp] 23/11/2019 01:08

Thank you for your post #9030 Noirua

Sorry that you invested at all and now find yourself deeply underwater here as
your past comments attest. Only have yourself to blame of course and trying to con others
into buying into the same POS stock is shallow and rather despicable.

Your past comments:


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

Bid price today approx 0.4p


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"

Steelmin went into Administration last Feb


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

Bid price today approx 0.4p


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 approx 0.4p


20 Nov 2018 - "Cash in BANK £3.5 to £4 million"

Half Year Report stated cash in bank was just £27k. A disgusting mislead from Noirua


Readers beware. If your believe the misleading nonsense from this ramper you WILL likely lose your money imho

[noirua] 23/11/2019 00:47

Musonoi - awaited JORC Resource

[noirua] 22/11/2019 23:35

Most PIs appear to be buying comfortable amounts and see gold at Mid-Migori and copper at Musonoi, these being the next expected announcements on assets held.

[seagullsslimjim] 22/11/2019 19:29

Whens the first dividend payable to shareholders?

[kemche] 22/11/2019 18:15

No they're not you silly, silly boy.

[noirua] 22/11/2019 17:58

News is due for Musonoi on assets worth: Looking at Musonoi only in DRC and on Red Rock achieving a JORC Resource at T17 Area 5:

[torp] 22/11/2019 17:45

Can't agree with the resident ramper here.

Company only had £27k in the bank at end of Dec according
to Half Year Report and at that time Total Current Liabilities of £2.7m

It has raised £323k since via a dilutive placing
Received approx £250k from a Jupiter dividend
Raised approx £300 from selling down 1.5m precious Jupiter shares

Admin Expenses alone were approx £850,000 last year so the above income
barely covers this. So what of those £2.7m liabilities?

The £1m outstanding CLNs need to be repaid this 19th Dec. Where can they possibly
find the cash for that if not from more devastating dilution or further
pawning off of the precious Jupiter shares?

[torp] 22/11/2019 17:33

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

Absolutely no point buying before 19th Dec imho. Might as well see whether they dilute or sell down
more of the "family silver" Jupiter shares or whether they kick the can down the road by extending the
CLNs for yet another year.

Either way the share price will drop into the 0.3p levels imho so may as well wait until then


DYOR

[noirua] 22/11/2019 17:30

Para Resources Inc. (“Para”) is a Gold Mining Company listed on the TSXV with a focus on South-American Gold Properties. Para owns an operating high-grade gold mine near the town of Zaragoza, Colombia, a gold mine and milling facility in the Oatman District, Arizona and a gold and copper bearing property about to be permitted near the town of Tucumã in Para State in Brazil. The Company has a very experienced and qualified management team. It is looking to add additional small scale operating mines to its portfolio to leverage its access to capital.

[torp] 22/11/2019 17:27

Noirua persists in posting the same cut/paste drivel to push realistic posts off the bottom.

Surely the actions of a Boiler room style stock promoter

Draw your conclusions accordingly.

[noirua] 22/11/2019 17:23

.Para Resources Announces First Doré Pour at the Gold Road Mine-

[torp] 22/11/2019 17:03

Your header info has always been hugely misleading, devoid as it is from all the salient information
an investor would need to know. The awful track record, long list of failed projects, preposterous amounts frittered on Admin and other expenses, endless dilution and lack of income.

Shame on you for only cherry picking your ramp material

[noirua] 22/11/2019 16:42

Hi guys, you will notice in the header a new Zak Mir chartist section to keep us up to date on market moves.

[noirua] 22/11/2019 15:36

A form of report for drilling cores is imminent for Musonoi Area 1. Expected as sectionally delineated as acceptable to the Chinese and in accordance with the SME Guidelines.

[torp] 22/11/2019 15:29

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

DYOR

[kemche] 22/11/2019 13:11

No it won't you silly boy!

[noirua] 22/11/2019 12:54

Switzerland's Katanga Mining Limited is raising funds from Glencore - 18 November 2019

This could raise possibilities of a bid for Red Rock's 51% owned Musonoi Area 1.

[noirua] 21/11/2019 23:39

Relief for British Firm as it Strikes Migori Gold - 26 September 2019
Migori Gold Project to continue under Red Rock Resources
The British firm which had lodged a court case in 2015 following the cancellation of its mining license in Migori will continue to excavate gold in the Western part of Kenya.


Red Rock Resources, the ore company listed at the London Stock Exchange (LSE), has received the government’s approval to continue mining the precious metal within Migori, according to Business Daily.

The vehicle driving Red Rock’s Migori Gold Project is local firm Mid Migori Mining Company Ltd , of which the UK firm holds a 75% direct interest in. Mid Migori Mining Company controls a 1.2 million ounce gold resource in Kenya, and is licensed by the Mining Ministry. On current market value, the gold deposit has a value of around Ksh187 billion [ GBP1.4 billion ] [ ]

[noirua] 21/11/2019 23:02

A 10% yield on recent CLNs looks OK for buyers.

[torp] 21/11/2019 17:42

Deadline for the £1m outstanding CLNs is fast approaching, 19th Dec just 4 weeks away. Where will the money come from to repay them ???.

Company just changed it's broker back to Cornhill Capital (now rebranded as Pello) so I think we can all guess that dilution is likely.

DYOR

[seagullsslimjim] 21/11/2019 17:09

Yep - another chunk of Jupiter soon to be sold to cover the CLNs

Let me be the first to say on behalf of Red Rock...

"Happy Christmas Everyone and may the next decade be a prosperous for some of us as the last one !"