Red Rock Resources Share Discussion Threads

[noirua] 23/3/2020 12:02

Red Rock Resources PLC AIM:RRR JUPITER MINES LIMITED ASX:JMS - - Red Rock Resources PLC 'RED' holds 17,024,914 shares.
[ 5.5m shares have now been transferred against loans].
[closing price in AUS was 22c].

[greenpastures2] 23/3/2020 11:06

Time to move on Noirua. This could last for more than a year Can you see RRR surviving that long?

[noirua] 23/3/2020 10:11

Manganese price holds its ground: Week commencing 23/03/2020 - US$3.34 (last week US$3.30)

[kemche] 23/3/2020 09:58

That should help RRR.

[noirua] 23/3/2020 09:30

.
Gold still below the US$1,500 level but should pickup as US positions are satisfied - they had to sell something as the USD advanced and the DOW40 tanked due to its tie-up in the motor industries.

[ladeside] 23/3/2020 08:10

Looks like the old covid could be the final nail in the coffin....

[torp] 21/3/2020 20:29

Red Rock Resources historic track record of losses

2012 - Loss of £1,962,882 --- Cash raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 -- Cash raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 --- Cash raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 --- Cash raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 ----- Cash raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 --- Cash raised £300,000 --- Admin £644,688
2018 - Profit £78,120 ------- Cash raised £421,668 --- Admin £849,518
2019 - Loss of £1,723,881 --- Cash raised £853,089 --- Admin £591,777

Total Losses above - £39,792,939

Total Cash Raised - £16,326,957

Total Admin - £12,770,280


Plain to see where all the money goes. G&A. Simply uninvestable imho

DYOR

[replicas1967] 21/3/2020 14:51

RRR ... excepted

[noirua] 21/3/2020 14:13

Gold is likely to remain under some pressure as those short of cash have to sell something to cover their positions. If a person needs US$20k and shares are worth US$13k and no cash, then gold may have to go.

However, however, with low interest rates and some countries going negative, if their currencies are strong. Then an amazing bounce back is set to occur.

[torp] 21/3/2020 12:00

Latest Annual Report figures (to June):


CASH IN BANK - just £64k

TOTAL CURRENT LIABILITIES - £2.8m

ADMIN EXPENSES - £591k

[kemche] 21/3/2020 11:34

"future profits" - Covid has finally got to him and delusion set in. Nurse!

[noirua] 21/3/2020 11:15

RRR have losses between £38 and £40 million that can be used against future profits and may be worth up to 1.1p a share. An announcement from Jupiter Mines is awaited.
The losses would of course be of value to a bidder for Red Rock.

[noirua] 21/3/2020 11:02

Musonoi is 51% owned by Red Rock Resources via its DRC subsidiary. RRR has bought the rights and pays 51% of all exploration costs. These costs started in 2018 and not before. Any financial information before that posted on this thread are misleading or lies posted by a TROLL.

[torp] 21/3/2020 10:25

RRR Dire performance year on year

From Annual Reports

2012 - Loss of £1,962,882 --- Cash raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 -- Cash raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 --- Cash raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 --- Cash raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 ----- Cash raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 --- Cash raised £300,000 --- Admin £644,688
2018 - Profit £78,120 ------ Cash raised £421,668 --- Admin £849,518
2019 - Loss of £1,723,881 --- Cash raised £853,089 --- Admin £591,777

Total Losses above - £39,792,939

Total Cash Raised - £16,326,957

Total Admin - £12,770,280


Plain to see where all the money goes and why there's never any shareholder value

imho

DYOR

[torp] 21/3/2020 10:23

Noirua : "This could well treble the share price"

Readers should be extremely mindful that this ramper has been pumping this share
for a long time now and has woefully mislead many people. Last year he encouraged
people to buy buy buy at prices of 0.6p to 0.8p. He also told people the company
had £3m to £4m in cash when in fact it was revealed in the Half Year Report that
they had just £27k. If you invest on the back of his nonsense then imho you
thoroughly deserve to lose your money. Do your own research and do it very well.


Personally I don't believe a reinstatement of the Migori license would have any
tangible impact to the share price because it didn't imho before the license
was revoked. Noirua and others are just hoping and praying for any tidbit of
news to ramp so they can get some of their money back here.

The Full Year Report just published stated that the company had just £64k in the bank and
had current liabilities of £2.8m.

The BOD continue to take silly amounts in salaries and expenses. That for me strips all value
from the share no matter what value you assign to any individual asset. One only needs to look at
the 10yr chart here to see what effect this has had on the share price.

Each to their own as always, just be sure to DYOR

[torp] 20/3/2020 16:46

The track record of projects here, a list of failures:


Greenland Venture - Was on sale for 10m, subsequently sold off for just £1

Ivory Coast Venture - Went nowhere

El Limon Gold Mine - Sold off for a pittance and a royalty that will take years and years to recoup

Shoats Creek Venture - Abject failure now being written off

Steelmin Venture - Abject failure went into Administration Feb 2019 leaving a £1.1m debt to RRR

Kenya Venture - Had their license revoked, still fighting to get another

Years of dismal failures and dire performance

Years of share price destruction

Years of confetti issue dilution

Years of BOD taking lucrative salaries despite this abject failure

Years of this BOD spending £millions and £millions on Admin Expenses

Uninvestable imho

DYOR

[kemche] 20/3/2020 15:49

Distract, distract, distract!

[torp] 20/3/2020 13:29

Amounts frittered away on Admin Expenses each year:

2012 - Admin £2,275,786
2013 - Admin £4,751,948
2014 - Admin £1,563,808
2015 - Admin £1,334,404
2016 - Admin £758,351
2017 - Admin £644,688
2018 - Admin £849,518
2019 - Admin £591,777

Total Admin - £12,770,280

Simply laughable and preposterous

DYOR

[kemche] 20/3/2020 12:08

Distract, distract, distract!

[torp] 20/3/2020 11:53

Usual lame distraction attempts by Noirua. Sad.

[noirua] 20/3/2020 10:41

Five more Italian doctors die battling coronavirus: Thirteen medics have now lost their lives, with 2,629 health workers infected - 8.3% of country's total

[torp] 20/3/2020 10:13

The dire share price devastation caused by this BOD






DYOR

[noirua] 20/3/2020 08:59

Jupiter Mines Limited ASX:JMS rebounds 30% to end at 25c.

Gold jumps US$40

[torp] 19/3/2020 16:52

Latest Annual Report figures (to June):

CASH IN BANK - just £64k

TOTAL CURRENT LIABILITIES - £2.8m

ADMIN EXPENSES - £591k


Nuff said TBH

DYOR