Red Rock Resources Share Discussion Threads

[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 - https://www.rrrplc.com/projects-and-investments/multi-commodity/ - 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

[noirua] 10/12/2019 10:04

https://twitter.com/RRR_RedRock/status/1204315320283996160 https://twitter.com/RRR_RedRock/status/1203955952262819840

[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?

[noirua] 09/12/2019 16:56

https://twitter.com/RRR_RedRock/status/1203955952262819840

[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.

[new_scally] 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!!!!!!

[torp] 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

[noirua] 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.

[torp] 07/12/2019 13:03

Nicely done Seagull

[seagullsslimjim] 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 !