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
  0.01 6.45% 0.165 0.15 0.18 0.165 0.155 0.16 431,300 14:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.3 - 1

Red Rock Resources Share Discussion Threads

Showing 43301 to 43322 of 44225 messages
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DateSubjectAuthorDiscuss
03/12/2019
16:45
Good for gold. When is the fundraising?
kemche
03/12/2019
16:40
Gold has risen USD17.50 per oz today. Copper continues sideways as it has done since June last.
noirua
03/12/2019
14:57
Note that continually rolling the CLNs on is bad for shareholders as it just incurs more and more interest at 10% a year. That's just valuable cash sucked out of the company. DYOR
torp
03/12/2019
14:55
Thanks to Noirua for the reminder. Deadline is 19th Dec, in just 12 working days time. Approx £1m worth of CLNs are due for repayment then which I suspect means either: - A dilutive placing is on the way - More "family silver" Jupiter shares will be sold to pay it - They will kick the can down the road for a 3rd year The first 2 would imho see the share price drop into the 0.3p levels. The latter would for me be admission that they can't afford to repay the CLNs which again would have a negative impact on the share price imho. Absolutely no point imho buying shares at least until after that 19th Dec deadline. Doing so risks getting caught in a placing or suffering share price drop from the other options. DYOR
torp
03/12/2019
13:23
On 10 November 2017 the Company announced the issuance of up to GBP1,000,000 of convertible loan notes, with the first tranche closing at CLNs as at December 2018: GBP495,000 and the balance closing by 14 December 2017. The notes carry a 10% interest rate and are convertible at a premium to the share price at issuance, being convertible at GBP0.008. Each note holder also received warrants equating to 62,500 warrants for each GBP1,000 loan note and which allows the warrant holder to subscribe for ordinary shares in the Company at a price of GBP0.014 until 19 December 2019. During the course of the year GBP50k [2018] of notes were converted leaving a balance of GBP950,000 due for repayment or refinancing in Q4 2018. --- On 21 December 2017, the Company raised GBP125,000 by way of an issue of 15,625,000 new ordinary shares of 0.01 pence each in the Company at a price of 0.80 pence per share. For every two shares, each subscriber was issued with one warrant exercisable at a price of 1.6 pence per share and expiring on 21 December 2019. The proceeds of the placing were applied towards working capital and strengthening the Company's balance sheet. --- 2 November 2018 RNS: Https://uk.advfn.com/stock-market/london/red-rock-resources-RRR/share-news/Red-Rock-Resources-plc-Renewal-of-Convertible-10/78598759 Holders of GBP575,000 principal value of Notes, out of GBP950,000 of Notes still outstanding, have to date applied to renew the Notes for twelve months to a new final redemption date of 19 December 2019 on the same terms. The Warrants of renewing Noteholders have similarly been extended on the same terms by one year to expire on 30 April 2020. The Notes were issued at par and are convertible into Shares at a price of 0.8 pence per Share. Each Note has a denomination of GBP1,000 and is thus convertible into 125,000 new Shares in the Company. Conversion may take place at any time up to the final redemption date. Each Note holder also received 62,500 Warrants for each Note subscribed. Each Warrant entitles the holder to subscribe for Shares at any time up to the date of expiry at a price of 1.4 pence per Share. The interest rate on the Notes is 10% per annum, accruing monthly. ----- 2 January 2019: Https://uk.advfn.com/stock-market/london/red-rock-resources-RRR/share-news/Red-Rock-Resources-plc-Convertible-Loan-Notes/78974040 The Series 1 Notes were due for redemption or conversion into new Red Rock shares ("Shares") at a price of 0.8p per Share, with a redemption date of 19 December 2018. The Warrants were issued on the basis of 1 Warrant for every 2 Shares to be issued on conversion, with an exercise price of 1.4 pence per Share and a life to 30 April 2019. It was announced on 2 November 2018 that holders of GBP575,000 principal value of Series 1 Notes, out of GBP950,000 of Series 1 Notes outstanding, had applied to renew their Notes for twelve months to a new redemption date of 19 December 2019 on the same terms, with the Warrants of renewing Noteholders similarly extended on the same terms by one year to expire on 30 April 2020. A holder of a further GBP10,000 of Series 1 Notes has elected to renew on the same terms, and subscriptions have been received for GBP325,000 of Series 2 Convertible Notes to be issued on the same terms as the Series 1 Notes and to a maximum principal value of GBP500,000. GBP585,000 of the Series 1 Notes and GBP325,000 of Series 2 Notes, for both of which the redemption date is now 19 December 2019, are therefore now outstanding. The Notes of each series were issued at par and are convertible into Shares at a price of 0.8 pence per Share. Each Note has a denomination of GBP1,000 and is thus convertible into 125,000 new Shares in the Company. Conversion may take place at any time up to the final redemption date. ----- [ Summarising, GBP910,000 of notes are outstanding at present plus accrued interest. ] Now complete, thank you
noirua
03/12/2019
13:19
The Annual Financial Report was out on 23 November last year.
noirua
03/12/2019
12:47
lol Clunes AGMs are always convened when everyone is busy travelling around for Christmas. AGMs always see this BOD table a resolution to request authority to issue shed loads more shares in the coming year. This one will be no different imho. Before we get to the AGM however there is the little matter of the £1m outstanding Convertible Loan Notes that are due for repayment on 19th Dec. That's just 12 working days away after today. Try and deflect from that all you like but it will not avail you. Where is the cash going to materialise from? It's either more awful dilution or pawning off the "family silver" Jupiter shares or else kicking the CLNs down the road for a 3rd year. Either way the share price will drop into the 0.3p levels soon imho. No point buying before 19th Dec. Not worth running into a placing for the sake of 12 days !! DYOR
torp
03/12/2019
12:02
When is the AGM? Usually get some feedback/filling in between the lines over and above now infrequent RNS's.
clunes100
03/12/2019
11:48
https://www.bbc.co.uk/weather
kemche
03/12/2019
11:37
After today there's just 12 working days left before the deadline for repayment of the £1m Convertible Loan Notes/ Where will the cash come from? A dilutive placing? (likely imo) Selling more Jupiter shares to fund it? (i.e. asset stripping) Or kicking the can down the road for a 3rd year? Either way it's all bad and I predict the share price will be in the 0.3p levels pretty soon as a result. DYOR
torp
03/12/2019
11:33
https://www.bbc.co.uk/weather/coast_and_sea/shipping_forecast
seagullsslimjim
03/12/2019
10:00
https://twitter.com/RRR_RedRock/status/1201787411900096512 https://www.rrrplc.com/projects-and-investments/gold/ https://twitter.com/RRR_RedRock/status/1201844829103304710
noirua
03/12/2019
00:57
lol Noirua. 13 trades. Tumbleweed and no surprise with this POS. How's that placing coming? I see we have a new alias sprung up on LSE doing his best to suppress the facts. Desperate stuff. Only 13 working days left to the 19th Dec deadline for repayment of the £1m Convertible Loan Notes. If you need help writing the pithy Update RNSs just give me a shout. I'm good at wordsmithing and promise to include all the important words: We expect We anticipate We hope . . . DYOR
torp
02/12/2019
22:01
Much improved trading today: https://uk.advfn.com/p.php?pid=trades
noirua
02/12/2019
18:42
Greenland coffee - Limitless
seagullsslimjim
02/12/2019
17:14
❖ Mikei Shear Zone - 1.2Moz Au @ 1.3g/t ❖ Macalder Tailings - 68koz Au @ 1.7g/t ❖ JORC Mineral Resource Estimates: THE MIGORI GOLD PROJECT Https://buff.ly/2Xuofbl
noirua
02/12/2019
16:42
Noirua - "We know Torp, kemche, seagullsslimjim and Daniel Sklan are all and the same" I suspect that comment is libellous. Care to remove?
torp
02/12/2019
15:32
Noirua - nice attempt again at deflection and i only post under this user name Will your paymasters still reward you for failure? Just over 13 days for the CLNs TICK TOCK, TICK TOCK !
seagullsslimjim
02/12/2019
15:32
NoiruaEttieGoldClunes - you have a vivid imagination I'll give you that. What price are you going to try getting it away at? Are there any more mug punters left?
kemche
02/12/2019
15:24
We know Torp, kemche, seagullsslimjim and Daniel Sklan are all and the same. Anyway, read the header and then click on links that prove the information. I have no idea what is the situation concerning the CLNs as only the holders and company directors are privy to this. Only the Kenyan Mining Minister knows when he will stamp approval for Mid Migori. The directors are certain to be up to date on progress at Area 1 Musonoi.
noirua
02/12/2019
14:01
Present trading is 0.435p/0.489p.
noirua
02/12/2019
13:31
Clueless - I've corrected your post for you!... 'RRR shares are fairly tightly held by a small number TIED IN MUG PUNTERS with RELUCTANTLY 1% or more of the company each.' Tick tock.
seagullsslimjim
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