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
  -0.05 -13.33% 0.325 0.30 0.35 0.375 0.325 0.38 5,281,575 12:56:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.3 - 2

Red Rock Resources Share Discussion Threads

Showing 43351 to 43370 of 43725 messages
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DateSubjectAuthorDiscuss
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? .
torp
09/12/2019
08:39
Change senior management and it might turn corner otherwise pointless lifestyle company.
texaschaser
09/12/2019
01:10
Has goldfund sold out at a loss? Rumour has it he has been seen wearing I heart Torp T shirt!!!!!!
new_scally
07/12/2019
20:16
Noirua BS - "The directors of Steelmin are still in place. There have been difficulties getting agreement for the transfer of assets of Steelmin to the agreed party. Some resistance maybe to the final closure of the company by the authorities in Bosnia Herzegovina" Man you have absolutely no shame in conning readers do you?! Readers should download and read the PWC document covering the Steelmin Administration from last February. The link is below and the PDF is dated 23rd Sept 2019 (i.e. recently updated) www.pwc.co.uk/business-recovery/administrations/assets/steelmin_report_sep19.pdf It states very clearly: Secured creditors "The secured creditor, Thalos, has been repaid in full out of the proceeds of the sale of the assets of the Company. Thalos’ lending as at the date of the administration was c. £8.9m and was secured by a debenture dated 20 February 2018. This security gave Thalos fixed and floating charges over all the Company’s assets. Preferential creditors (mainly employees) "No preferential claims have been received to date. In the event claims are received, we don’t think we’ll be able to pay anything to preferential creditors." Unsecured Creditors "The prescribed part is a fund that has to be made available for unsecured creditors. It’s paid out of “net property”. Net property is floating charge realisations after costs, and after paying – or setting aside enough to pay – preferential creditors in full. "We don’t think there will be any dividend for unsecured creditors of the Company, including from the prescribed part, as we do not believe that the Company will have any net floating charge realisations. The value of the net property and prescribed part will therefore be nil. Note that RRR is an "UNSECURED Creditor" Thus the document is clearly stating that NOTHING is coming RRR's way. The report also states "operations were mothballed in September 2018" Funny but I don't recall RRR putting out any RNS to that effect at the time and of course they still haven't RNS'd the fact that Steelmin went into Administration even all these months later. I would personally think both were share price affecting events so imho they should have been RNS'd. Finally the report states the last actions the Administrators are taking thus: "We remain in office to assist Blue Carbon with the legal formalities of transferring title in relation to the land and buildings they purchased which are located in Bosnia and Herzegovina. Once these matters have concluded and we have agreed and drawn our fixed charge realisation fee, we will seek discharge of liability from the secured creditor and bring the administration to an end" Bottom line is simply that Steelmin is just yet one more failed venture here and the additional £1.1m loan that Bell gave them (and equally failed to RNS to shareholders and markets!) is gone. Loaning such valuable amounts of cash on an unsecured basis was ridiculous and catastrophic imho. Of course none of this stuff will go in your puerile Header Info will it? No real facts there only cherry picked ramp material. DYOR
torp
07/12/2019
16:20
Still more work to do on the header. Coming along quite well and worth reading the information on MUSONOI and MID MIGORI once more. Https://youtu.be/q676S6ohE2Y - Red Rock mentioned about 8 mins 30 secs through. We all know it's all on Musonoi, Mid Migori and maybe the iron ore royalties at Mount Ida further down the line. About £2.8m in quoted shares are the principal back up. Annual Report due out in December. The Company [Red Rock Resources PLC] has retained ownership of the intellectual property and data associated with its exploration activities in Greenland. From 2018 Annual Accounts of 23 November 2018. For the exclusion of any doubt, the above information concerning Greenland as obtained whilst RRR owned 60% of Melville Bay is correct. Please ignore any information otherwise which is false and misleading.
noirua
07/12/2019
15:19
6 December 2019 - Macarthur's interest in the Pilbaro heightens possibilities for Jupiter Mines Mount Ida project that Red Rock owns royalties on production for: Https://smallcaps.com.au/macarthur-minerals-australian-investors-advanced-iron-ore-project-asx-debut/ https://twitter.com/DavidLenigas/status/1202711424453107712
noirua
07/12/2019
14:10
The directors of Steelmin are still in place. There have been difficulties getting legal agreement for the transfer of assets of Steelmin to the agreed party. Some legal resistance maybe to the final closure of the company by the authorities in Bosnia Herzegovina. Will look at local newspapers again shortly. Thank you for your kindly interest in the matter. As to Amulet. Firestone Diamonds FDI have recovered somewhat with good news very recently. Maybe Amulet will or have already, I don't know, resumed talks on the purchase of their Botswana diamond assets. STEELMIN: Https://beta.companieshouse.gov.uk/company/07734349/filing-history Note the final three paras on page 6 of 30 September article concerning legal agreement.
noirua
07/12/2019
13:03
Nicely done Seagull
torp
07/12/2019
08:40
Noirua i've corrected the above for you.. from - "The trolls and detractors are becoming rather boring, hopeless, and mega-repetitive and need energising." to "The BoD and one paid stooge on here are becoming rather boring, hopeless, and mega-repetitive and need energising." Next week for the CLNs - how exiting and have my Pringles all ready for the unfolding drama that awaits !
seagullsslimjim
07/12/2019
03:01
Header modifications and revamp will take place over the coming weeks - apologies for any disruption. The trolls and detractors are becoming rather boring, hopeless, and mega-repetitive and need energising. Otherwise I will have to sack them all and bring in a new lot.
noirua
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. .
torp
07/12/2019
00:34
Time will tell guys. I wont 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 recovery stages. Have a good weekend!
noirua
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 !
seagullsslimjim
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
torp
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.
kemche
06/12/2019
17:09
Yes. it looks to be tricky on the cash front though Mid Migori is likely to be sold down to 25% or so in return for cash, royalties and further development costs to bring the site to production. The tricky part being the mining license delay. This cash would partly be used to further develop Musonoi and the other two areas hoping for a bid from Glencore or one of the Chinese companies. The tricky part is needing a JORC resource though Chinese companies are said to be less interested in that. 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. Last tricky part for investors is not knowing what is happening over the CLNs where £910K plus interest is due on Thursday 19 December. The options have been discussed here at length and there are several. Basically 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 sudden announcement of a return of the mining license on reasonable terms should send the share price up and as also said, the counter position of a cash raising following or CLN conversion if the share price heads past 1p. 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.
noirua
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.
greenpastures2
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_⁩ https://twitter.com/TereaAfrica007/status/1202435519847772165 Billionaire Says Congo Is Now More Attractive Than Chile for Copper Mines
noirua
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!
seagullsslimjim
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.
kemche
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