Red Rock Resources Share Discussion Threads

[torp] 11/12/2019 14:15

Now only 6 working days till the 19th Dec deadline
when the £1m CLNs are due for repayment. How will they solve this?

Placing/dilution to raise the cash?
They just changed their broker back to Cornhill Capital the placing gurus so
a definite possibility

Sell more "family silver" Jupiter shares to raise cash?
JMS share price has recently fallen significantly so this would be catastrophic
for holders here

Roll the CLNs on for a 3rd year?
Surely would be imho admission that they have no cash and can't afford to repay the CLNs


All options seem bad to me personally. share price will surely suffer as a result.

Nothing to do but wait until 19th Dec to see what happens.

DYOR

[noirua] 11/12/2019 13:40

Final hustings event for Buckingham constituency takes place in Princes Risborough


"All the candidates were impressed with how the audience listened to all sides.

Mr Davis said: "It was a very polite hustings.
-----

If the Brexit Party have enough seats to form a Government, possible in theory, then Andrew Bell could become Prime Minister.

[torp] 11/12/2019 13:23

Noirua still at it. So sad.

[torp] 11/12/2019 10:48

Noirua still desperately trying to push realistic posts up the page by endless posting stupid Twitter links. Really sad to see. Poor chap must be horribly down here.

[kemche] 11/12/2019 10:43

I believe POW has had a recent fundraising. How unique! Did RRR subscribe? Will we be told? Another Amulet? Steelmin?

[seagullsslimjim] 11/12/2019 08:13

How exciting!

[noirua] 11/12/2019 00:47

UOG - RRR 4.76% Elephant Oil Limited
Brian Larkin CEO of United Oil & Gas #UOG discusses their AIM restoration and their recent Rockhopper Acquisition & Fundraise


UOG back in business augers well for Elephant Oil.

[texaschaser] 10/12/2019 16:36

The key reason for not investing here is 'the bell'.

[torp] 10/12/2019 14:42

Will the few larger holders take this private?
According to one it has been considered:

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."

With that kind of threat hanging over proceedings I can't see why anyone would
currently invest here. If these guys take it private how will you ever get
your money back out? Reminds me of when Jupiter went private. Holders were
stuck in there for some years.

DYOR

[noirua] 10/12/2019 14:34

POW raise GBP700,000, GBP400,000 for Malopo, at the offer price of 0.4p a share. Directors Johnson and Bell invest £25,000 each.

POWER METAL RESOURCES POW - - 25,000,000 shares held. Company also has 25m warrants convertible at 1p up to 2022.

[kemche] 10/12/2019 14:01

BellendEttie at RGM warning others about the dangers of dilution.

The man is a certifiable loon talking down his own investment!

Have a word Noirua!

[torp] 10/12/2019 13:42

Not looking good here imho.

[seagullsslimjim] 10/12/2019 10:17

Greggs festive bakes at Iceland - £2 for 2!!

hxxps://www.iceland.co.uk/p/greggs-limited-edition-2-fabulously-festive-bakes-316g/55917.html?fo_c=2200&fo_k=80fcd477eac2372560d0b04a40b0df77&fo_s=awin&awaid=7868&utm_source=redbrain&utm_medium=shopping&utm_campaign=css&gclid=EAIaIQobChMIyOWpjO2q5gIVF-DtCh0gNwYQEAQYASABEgLfSfD_BwE&utm_source=aw&utm_medium=aff&utm_campaign=RedBrain&awc=7868_1575973153_74d1d8ae0a24b85597a0754bc78bfcc2

[torp] 09/12/2019 19:00

Meanwhile . . .

Now only 8 working days before the 19th Dec deadline for
repayment of the £1m outstanding Convertible Loan Notes.


Tick tock tick tock

Will it be more dilution to raise the cash?

Will they pawn off more Jupiter shares?

Or will they kick the can down the road for the 3rd year and extend the term again ?

Either way not good and share price will only go south as a result imho

No point buying before that deadline imho

DYOR

[torp] 09/12/2019 18:59

It's pathetic Noirua

You have already posted the RRR Twitter link in the header, it's always there
for people to see. Yet here you are posting it again and again and again, just
to push other's posts off the page. Readers should see this for what it is.

Please explain to people why you are suggesting the Steelmin land/building
legalities, which are for Blue Carbon, are relevant to RRR.

[noirua] 09/12/2019 17:01

Outstanding matters are listed at the foot of the Header.
Time will give us the answers so we must remain patient.
If I appear to be ignoring anyone it is because I have you filtered.

[kemche] 09/12/2019 16:58

Have we sold our holding in RGM?

[torp] 09/12/2019 14:58

So Noirua's farcical revamped header info now says in relation to Steelmin:


"It is not known what the position will be if legal requirements are not completed
for land and asset transfer."


Yet the PWC document covering the Administration states:


"We remain in office mainly to complete the legal formalities of transferring title of land and buildings,
which are located in Bosnia and Herzegovina, to Blue Carbon.

and


"Blue Carbon is an independent third party entity which is unconnected to the Company."

and

" Following completion of the transaction, there have been unexpected delays in
finalising the formalities of transferring title to the land and buildings to Blue Carbon. The land and
buildings are based in Bosnia and Herzegovina and Blue Carbon have experienced multijurisdictional
legal problems in finalising the purchase.

We remain in office to assist Blue Carbon with this matter and will recover further consideration of £15,000 to cover the additional Administration Costs incurred in dealing with this."



So would Noirua care to explain why he has added this to his header info?
Is he trying to imply in some way that these legal issues for BLUE CARBON are
somehow relevant to RRR?

.

[texaschaser] 09/12/2019 08:39

Change senior management and it might turn corner otherwise pointless lifestyle company.