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RRR Red Rock Resources Plc

0.0575
-0.0075 (-11.54%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc LSE:RRR London Ordinary Share GB00BYWKBV38 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0075 -11.54% 0.0575 0.055 0.06 0.065 0.0525 0.07 124,198,674 15:09:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 0 -2.67M -0.0011 -0.55 1.49M
Red Rock Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.07p. Over the last year, Red Rock Resources shares have traded in a share price range of 0.0525p to 0.285p.

Red Rock Resources currently has 2,480,597,791 shares in issue. The market capitalisation of Red Rock Resources is £1.49 million. Red Rock Resources has a price to earnings ratio (PE ratio) of -0.55.

Red Rock Resources Share Discussion Threads

Showing 43176 to 43197 of 51850 messages
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DateSubjectAuthorDiscuss
26/11/2019
10:34
So desperate is Noirua that he is now reduced to peddling rumours . . . .

Sad to see TBH


Meanwhile, the 19th Dec approaches for repayment of £1m worth of CLNs.

Best rush out those wordy update RNSs imho otherwise you'll never be able to
get a placing away in time . . .


Tick tock

DYOR

torp
26/11/2019
10:17
Paul Johnson has stepped down as a director of Armadale Capital ACP. Rumour he may join the board of Red Rock Resources. -



Looking at the drill results for ROCK today, they are not as good as Mid Migori and the latter has a 1.2m ounce JORC resource. Just a matter of that mining licence being rubber-stamped.


https://pbs.twimg.com/profile_images/1675460883/RRR_Symbol_bigger.jpg
China, EU markets to demand most battery metals up to 2028

noirua
26/11/2019
09:31
Red Rock Twitter:
noirua
25/11/2019
17:52
Tick tock

Just 4 weeks until the £1m CLN repayment date arrives (19th Dec)

Confetti placing will have to happen pretty soon imho to fund it unless they
are intending to pawn off more of the "family silver" Jupiter shares.

Either way 0.3p levels will soon be here imho. No point buying before 19th Dec.

Holders could dump and buy back later to avoid the risk I guess.


DYOR

torp
25/11/2019
17:12
NEX Exchange: Red Rock Resources RRR.GB
noirua
25/11/2019
16:41
There were a bunch of warrants issued with the CLNs Noirua if I remember correctly
torp
25/11/2019
15:44
Red Rock Twittering:

-----
Very few options and warrants remain and a chunk will likely retire at 1.6p. Unless an announcement or two arrives. Myself, I do not know and will just wait and not guesstimate the ifs and buts.

noirua
25/11/2019
12:36
Jim, :)

Love it!

kemche
25/11/2019
12:28
Anyone got details on when the tickets will be on sale for the Red Rock Christmas Panto

I hear that it's Cinderella this year, but rumour has it that they are still missing the lead role and ex RRR PA Natasha has politely declined.

Fortunately the role of the ugly sisters has literally been filled, so all good there.

Maybe a cameo role for Noirua beckons or time for him to explore his panto crudentials and take the lead role in a Christopher Biggins type way.

Maybe they'll offer a free ticket for each CLN held by some and with a thrown in meet and greet and signing session to get some extra money in the coffers.

Sausage on a stick anyone?

seagullsslimjim
23/11/2019
23:42
I believe this is what you were trying to hide Noirua:




Torp23 Nov '19 - 16:17 - 9035 of 9036
0 1 0
Noirua - "The CLN situation where holders have 2 choices and maybe a third will be offered. Conversion at 0.8p a share, right to return of cash and maybe a chance to roll over for another year to 19 December 2020."



All eventualities are dire for shareholders here imho.

The CLNs have already been kicked down the road for a 2nd year thereby incurring
a 2nd year of interest at 10% which of course is more cash/value seeped out of the share.

Conversion at 0.8p? Just laughable. Never gonna happen.

Repayment ? With what? What cash does the company have? Very little I would think.

They began the year with just £27k according to the Half Year Report

They expend approx. £850,000 on Admin and other expenses a year

They had Total Current Liabilities of £2.7m to boot.

Since then they raised £323k via a dilutive placing
Received approx. £250k from a Jupiter dividend
Raised about £300k from the sale of 1.5m of the "family silver" Jupiter shares

So where the hell will they invent £1m from to pay down the CLN's by 19th Dec??

There are only 2 real outcomes here

Its either more dilution placings to raise the cash

or more pawning off of the "family silver" Jupiter shares

Either outcome is dire for existing holders and will imho see the SP
plummet into the 0.3p levels.

Just utterly pointless buying shares here before 19th Dec.

Sit back and watch how the company attempt to get themselves out of the
CLN situation. Then when the share price plummets decide if you want to buy at that
reduced price.

Problem is the only real income here is the Jupiter dividends and they barely
even cover the Admin Expenses. Hence no shareholder value. Many far better
shares out there imho.

DYOR

kemche
23/11/2019
23:29
The Annual Report should be out in December for the year to 30 June 2019. An update since then is bound to be included.
The CLN situation where holders have 2 choices and maybe a third will be offered. Conversion at 0.8p a share, right to return of cash and maybe a chance to roll over for another year to 19 December 2020.

There is now an Interview with Chairman/CEO Andrew Bell in the header which outlines what is going on. As it was early in the year.
Here it is to save you from having to scroll:

About 6 weeks after:

noirua
23/11/2019
16:17
Noirua - "The CLN situation where holders have 2 choices and maybe a third will be offered. Conversion at 0.8p a share, right to return of cash and maybe a chance to roll over for another year to 19 December 2020."



All eventualities are dire for shareholders here imho.

The CLNs have already been kicked down the road for a 2nd year thereby incurring
a 2nd year of interest at 10% which of course is more cash/value seeped out of the share.

Conversion at 0.8p? Just laughable. Never gonna happen.

Repayment ? With what? What cash does the company have? Very little I would think.

They began the year with just £27k according to the Half Year Report

They expend approx. £850,000 on Admin and other expenses a year

They had Total Current Liabilities of £2.7m to boot.

Since then they raised £323k via a dilutive placing
Received approx. £250k from a Jupiter dividend
Raised about £300k from the sale of 1.5m of the "family silver" Jupiter shares

So where the hell will they invent £1m from to pay down the CLN's by 19th Dec??

There are only 2 real outcomes here

Its either more dilution placings to raise the cash

or more pawning off of the "family silver" Jupiter shares

Either outcome is dire for existing holders and will imho see the SP
plummet into the 0.3p levels.

Just utterly pointless buying shares here before 19th Dec.

Sit back and watch how the company attempt to get themselves out of the
CLN situation. Then when the share price plummets decide if you want to buy at that
reduced price.

Problem is the only real income here is the Jupiter dividends and they barely
even cover the Admin Expenses. Hence no shareholder value. Many far better
shares out there imho.

DYOR

torp
23/11/2019
10:46
I believe this was from torp - if I'm not mistaken:


Torp23 Nov '19 - 01:08 - 9032 of 9033
0 1 0
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

kemche
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

torp
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.
noirua
22/11/2019
19:29
Whens the first dividend payable to shareholders?
seagullsslimjim
22/11/2019
18:15
No they're not you silly, silly boy.
kemche
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:
noirua
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

torp
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.
noirua
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