Red Rock Resources Share Discussion Threads

[noirua] 07/12/2019 03:01

Header modifications and revamp will take place over the coming weeks - apologies for any disruption.

[torp] 07/12/2019 01:05

Noirua nonsense - "I wont be foolish enough to say what will happen in the remainder of 2019 and 2020 or what the share price will be as that is up to investors."


Which is ironic because even a fool can see that the share price is about to head south
given RRR need to magic up £1m from somewhere to repay the CLNs.

All options are poor and will send the share price down. Placing, sell Jupiter shares or
effectively show they can't afford to repay by rolling them on a 3rd year.

Then of course there will be the AGM later this month and the BOD will as ever
table a resolution requesting authority to issue shed loads more shares in the
coming year. They always do. Nothing ever changes and never will until Bell
& co are removed.

Bid price currently shows at 0.4p. It won't stay that way for much longer imho.

It will be 0.35p or worse by end of year imho.

.

[noirua] 07/12/2019 00:34

Time will tell guys. I won't guess what will happen in the remainder of 2019 and 2020 or what the share price will be as that is up to investors. We are at a crossroads for certain.

I wish everyone well and hope everything here works out for all investors. Hopefully copper and cobalt are in the recovery stages. Have a good weekend!

[seagullsslimjim] 06/12/2019 20:52

Noirua - have you got a dodgy supply this week from your dealer? ...

"RRR have spoken of needing a market cap around £60 million to be in position to continue an interest in both Mid Migori and Musonoi Area 1 to production. If they have good fortune on both fronts that might happen, who knows for sure."

Must be strong delusional Sh!t from clog central !

[torp] 06/12/2019 19:43

Noirua ramping BS - "Most are holding on hoping Mid Migori works out as 'Torp' has posted. "


I have posted no such thing at all. Inventing stuff now, truly desperate.

Sensible people will hold off imho until after 19th Dec when the £1m CLNs are due for repayment




Noirua ramping BS - A sudden announcement of a return of the mining license on reasonable
terms should send the share price up


No it won't. Nobody was interested in the Migori project BEFORE the license got
revoked imho so equally nobody will be remotely interested if they manage to get
another license. According to news articles they sat on the license for 26 years
doing naff all and RRR is blamed for allowing their partner Migori for doing so.


Now only 9 working days left until 19th Dec when the CLN's are due for repayment.

Where the hell will RRR find £1m ?!!!

It's surely either a dilutive placing (likely imho as they just changed their
broker back to Cornhill Capital)

Or its asset stripping of the valuable Jupiter shares (which would be catastrophic
for shareholders given the JMS share price has crashed)

Or they will have to convince CLN holders to let them kick the can down the road
for a 3rd year, extending the term till 19th Dec 2020 and incurring yet another
year of interest at 10%. A great waste of cash.

All in all doesn't look good imho. I maintain share price will be in the 0.3p levels
by end of the year

DYOR

[kemche] 06/12/2019 17:44

He will deliver as much to the voters in Bucks as he has delivered to the shareholders of UKOG.
Apparently he is promising a jar of Vaseline to each voter.

[noirua] 06/12/2019 17:09

It's a personal choice and of late there has been little trading in Red Rock shares. Most are holding on hoping Mid Migori works out as 'Torp' has posted.

A further announcement is expected sometime from Musonoi on the resource. I'm not sure myself why no announcement has been. Maybe as posted by 'Atino Auntie Ettie', it is imminent.

[greenpastures2] 06/12/2019 16:13

It doesn't mean that RRR is in a situation to benefit though. I imagine the lack of cash is going to be an impediment to re-gaining the migori licenses and doing work in the DRC. I might be wrong. I will watch from the sidelines for now.

[noirua] 06/12/2019 15:41

Billionaire Friedland Says Congo Tops Chile for Copper Mines true story!Grades,political reform = much better investment environment + cobalt Viva Congo! ⁦@drcminingweek⁩ ⁦@thinkcopper⁩ ⁦@CopperNew297; #copper #cobalt ⁦@IvanhoeMines_⁩


Billionaire Says Congo Is Now More Attractive Than Chile for Copper Mines

[seagullsslimjim] 06/12/2019 15:03

"In the battle of ideas, we need not defer to the wrong opinions of others, or to counsels of expediency."

That will have most scurrying for their dictionaries or the Enigma machine!

Such grandiose use of the English language will only alienate him further from the rest of the human population, although I don't think his inter-personal skills with the rest of mankind are too hot anyway!

[kemche] 06/12/2019 14:45

He will deliver as much to the voters in Bucks as he has delivered to the shareholders of UKOG.
Apparently he is promising a jar of Vaseline to each voter.

[noirua] 06/12/2019 14:07

Brexit Party makes U-turn in Buckingham and agrees to field candidate at next month's general election
13 November 2019


"I am honoured to stand, and to put the argument for a true and immediate Brexit to the electors of Buckingham.

[kemche] 06/12/2019 13:17

On topic: When is the fundraising?

[noirua] 06/12/2019 12:47

Off Topic: Candidates for Buckingham constituency:

[seagullsslimjim] 06/12/2019 12:44

next week!

[kemche] 06/12/2019 09:57

When is the fundraising?

[noirua] 06/12/2019 09:43

Wide true spread: 0.414p/0.48p = 13.75%
CLNs v Musonoi and Mid Migori = your call guys
UJO

[noirua] 06/12/2019 09:12

BHP to Bump Up Stake in SolGold to 14.7% for $22 Million
26 November 2019

[seagullsslimjim] 06/12/2019 08:14

And if none of the two come off then it will business as normal.

Forget history at your peril.

[noirua] 05/12/2019 23:22

Time will tell with Mid Migori and Musonoi. If one of the two comes off well then great happiness will abound. If both come off well there will be tidings of great joy and mangnificant bountifulness.

[seagullsslimjim] 05/12/2019 11:59

10 days ???

I can hear the 12 days of Christmas joyfully humming in my head :-)

[torp] 05/12/2019 11:27

You can but chuckle really.

RGM

"The Transaction Shares as a whole would, if the required resolutions are approved at the GM, result in the issuance of 7,170,440,985 Ordinary Shares"

7 BILLION shares !

And then to cover up that colossal embarrassment another share consolidation.

What a cesspit AIM is!


Meanwhile back at RRR

10 working days till the £1m Convertible Loan Notes are due for repayment.

Placing is the most likely outcome imho but holders might have to reluctantly
accept the CLNs being rolled on for a 3rd year.

Tough times at RRR High

DYOR