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
  0.00 0.0% 0.325 0.30 0.35 0.325 0.325 0.33 0.00 08:00:22
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 43476 to 43496 of 43775 messages
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DateSubjectAuthorDiscuss
24/12/2019
09:08
o On 11 April 2019 The Company's 100% owned subsidiary, RRR Coal Limited, agreed a loan facility of up to US$1,000,000 with Riverfort Global Opportunities PCC Limited and YA II PN Limited. The terms of the loan call for US$400,000 to be transferred to the borrower, with additional tranches available to the lenders at their absolute discretion. The notes are secured by 5,500,000 shares in Jupiter Mines Limited, which were transferred from the Company to the borrowers as well as by a corporate guarantee executed by Red Rock Resources plc. The notes carry an interest rate of 10% and come with a 7.5% implementation fee and are repayable over a period ending in April 2020. A total of US$200,000 has been drawn down on the facility to date. ----- On 17 October 2018 the Company announced commencement of a soil sampling programme on a new license in the Copperbelt in the south of the Democratic Republic of Congo ("DRC") near the Zambian border. The license is considered prospective for copper and cobalt mineralisation, and was recently acquired from a private seller. 80% of license PR13513 was acquired together with a nearby license and a gold-prospective license in the northern DRC adjacent to the licenses containing Randgold's Kibali mine, at a cost of US$60,000. The balance of 20% of the licenses is retained by the vendor, Congo Geologist Galaxy. ----- Non-current related party receivables of GBP3,887,434 (2018: GBP3,599,439) are recoverable from Mid Migori Mining Company Limited under the terms of the joint venture, purchase and sale agreement entered into in August 2009 as detailed in note 29. The amount is unsecured and has no fixed repayment date. Interest is charged at 8% per annum, and it was accrued in the reporting year the amount of GBP287,995 (2018: GBP359,539). Management have considered the recoverability of this debt and have considered the recent announcement regarding approval for the grant of licenses by the Mining Rights Board (MRB) of Kenya on the mining cadastre website. Upon receipt of official confirmation of the intended grant, the Company will be invited to fulfil fee payment and registration requirements. The grant of the licences then remains subject to the approval of the Cabinet. More details are given in note 1.5, Significant accounting judgements, estimates and assumptions. The MFP sale proceeds represent the fair value of the deferred consideration receivable for the sale of MFP. The fair value was estimated based on the consideration offered by the buyer adjusted to its present value based on the timing for which the consideration is expected to be received. The most significant inputs are the offer price per tranches, discount rate and estimated royalty stream. The estimated royalty stream takes into account current production levels, estimates of future production levels and gold price forecasts. Group and Company ----------------------------------------------2019 --------------------- 2018 Amounts due from associates GBP3,887,434 -------- GBP3,599,439 MFP sale proceeds-------------- GBP1,346,108 -------- GBP1,301,757 ----- For the purpose of the statement of cash flows, cash and cash equivalents comprise cash at bank and in hand - 30 June 2019 Cash in hand and at bank ---- GBP43,243 ----------- GBP 2,263,288
noirua
24/12/2019
08:52
Almost spot on with your prediction
ksddw2
24/12/2019
08:39
PS: I will be unavailable over the festive period, 2 weeks in the Caribbean for a well earned rest ! Merry Christmas Love Andrew
mikemichael2
24/12/2019
07:20
Bell-end a stupid incompetent kunt
the stigologist
23/12/2019
08:49
Iceland delivery slots available still for the AGM - hxxps://www.iceland.co.uk/free-delivery.html Looking forward to the results being announced after hours too this week and the Chairmans waffle. It's going to be a real Christmas Cracker whatever and full of denial and maybe mention of the additional Steelmin loan that wasn't RNS'd Cup of Greenland coffee anyone?
seagullsslimjim
23/12/2019
00:04
China’s Crude Steel Output Slows But Still On Track For Record 2019 18 December 2019 Https://www.sharecafe.com.au/2019/12/18/chinas-crude-steel-output-slows-but-still-on-track-for-record-2019/
noirua
22/12/2019
19:55
A thought only. Are Fosun International of China, assets around USD100 billion, interested in Musonoi Area 1, DRC asset and the other two tenements, and Gecamine's area 6? Https://www.fosun.com/language/en/ Fosun's interest goes back to 2013: Https://www.adenservices.com/en/news/investment-opportunities-drcongo-highlighted-china-mining-conference Fosun Gold Holdings has been active in buying up company's in that sector. A bid for Red Rock would give them a foothold in DRC for copper and cobalt,and maybe Mid Migori for gold in Kenya. Royalties at El Limon would be a bonus. Https://www.hkgbusiness.com/en/company/Fosun-Gold-Holdings-Limited
noirua
22/12/2019
19:06
A Chinese bid for Musonoi Area 1 may not be that far away as Glencore must now be considering the options. Glencore would gain the most on synergies and first bid is more likely from them unless the Chinese move quickly with a bid. A bid close to US$100mn would shut out Glencore, or would it?
noirua
22/12/2019
19:01
Robert Friedland, China and the rush for copper in the DRC 29 October 2019 Https://www.ft.com/content/2f170b48-eb44-11e9-a240-3b065ef5fc55
noirua
22/12/2019
15:44
"........when are we going to hear some positive news........" ;-)
seagullsslimjim
22/12/2019
11:49
The Steelmin deal started off well and then went bad for reasons outside RRR's control, however lending more money when Steelmin had clearly failed was a huge error of judgement which AB initially did not fess up about - bad show - could have paid off CLN's or held onto Jupiter shares or even bought more at the time to help cover RRR costs. The latest big error of judgement was AB standing for election, he should have know better and I would like to see a reduction in his salary and benefits due to his time being diverted away from his key responsibilities to RRR shareholders. Where are the results, when is the AM and above all when are we going to hear some positive news about the various licences. We as shareholders have spent a year treading water whilst AB and co run down RRR's asset base. Let us see some action and please inform the shareholders as to what is going on!
clunes100
22/12/2019
10:55
Regardless I personally interpret this as an admission by the BOD that they haven't 2 coins to rub together, they just can't afford to repay the CLNs without either diluting shareholders or selling down more "family silver" Jupiter shares. Really dire TBH. More so when you consider that Bell squandered £1.1m by loaning it to the failing Steelmin company and didn't RNS that fact to the markets. Steelmin subsequently went into Administration and now that cash is lost imho. Why wasn't that cash used to pay down the outstanding debt??? Now the CLN conversion price has had to be lowered and the interest rate raised. Shareholders here have already seen 2 years of 10% interest incurred from these CLNs, now a third year at 12% will be incurred. This is valuable cash just seeping out of the business into the hands of the crony high net worth investors. If they can't pay the CLNs then how will they fund any actual project work? DYOR
torp
22/12/2019
10:48
Ettie: "the above represents some nine tenths of the total notes so naturally some have elected to cash out now (a shame) but the vast majority renewed and well done to them." Ah but that's not what the RNS says is it??? RNS: "Holders of £830,000 principal value of Notes have TO DATE applied to renew"> I strongly suspect that means the rest simply haven't yet applied to renew (or hadn't by the time of the RNS) but are likely to in due course. Is there a precedence for this? Yes absolutely. It happened last year. We got an RNS on Jan 2nd highlighting that additional holders had applied to renew.
torp
22/12/2019
02:20
https://twitter.com/RRR_RedRock/status/1207969398578913280
noirua
19/12/2019
17:02
Jupiter shares closed at 29c, up 4c from its low point recently on improved prospects for Manganese. It does look as if the next Jupiter Divi is likely to be reduced to no more than 2c. Probably less than £200,000 to RRR. That would mean raising cash not long into the new year. Maybe Migori news will arrive or a JORC resource for Musonoi.
noirua
19/12/2019
12:44
Doc Dolittle at last years AGM https://www.youtube.com/watch?v=YpBPavEDQCk
seagullsslimjim
19/12/2019
12:08
Regency Mines - Zak MiR: Https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-19th-december-2019/
noirua
18/12/2019
11:01
https://www.youtube.com/watch?v=LK8sxngSWaU
seagullsslimjim
17/12/2019
23:14
JUPITER MINES LIMITED Q3 FY2020 QUARTERLY ACTIVITIES REPORT Https://stocknessmonster.com/announcements/jms.asx-6A960149/
noirua
17/12/2019
21:20
Epic fail in all departments Long may it continue, son of naughty Ronald!
seagullsslimjim
17/12/2019
21:19
Lambs to the slaughter! "naturally some have elected to cash out now (a shame)" - because they can see what awaits them under your continued tenure. I await the natural denouement of the Porterhouse Blues. As do all RRR shareholders. Except Noirua of course. Natch.
kemche
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