Red Rock Resources Share Discussion Threads

[torp] 07/9/2020 19:52

Without any RNSing of the fact?

If true, appalling.

Just utter contempt for shareholders.

Common courtesy demands such things are announced.

Share remains totally uninvestable for me

[kr01] 07/9/2020 19:08

Noticed that as well. 17m in April, ~15.8m by July and now ~14.5m.
Offloading for sure.

[torp] 07/9/2020 17:29

Noting today's RNS which states that the JMS holding is worth just AUD 4m

With Jupiter share price currently at AUD 0.27-0.275 that would mean RRR held
only 14.5m-14.8m shares

Yet we were previously consistently told that RRR held 17.02m shares

Wondering if AB has been pawning the family silver again without an RNS?


Any thoughts? Is my maths off? Would be useful for someone else to check
and confirm either way.

[torp] 07/9/2020 17:24

Clunes - "I presume that one issue is that it would appear that much of the capacity is taken up with third party ore, which is not eligible for royalties, I presume?"

You would presume wrong, showing as always that you are CLUEnLESS.

The royalty is for all ore processed there but it has always been a paltry
trickle and is a total red herring, oft ramped by the unscrupulous rampsters
on LSE.

It will take countless years to recoup the $3m. No-one here will still be alive
by the time it happens, which it never will imho.

The figures are given plainly in the latest RRR presentation on their website.
Go look at it and educate yourself.

It states that the estimated royalty for 2018 was just $45,000 and for 2019 was
just $40,000

Why it says estimates is frankly ridiculous as we are now in 2020 so they must know
exactly what the revenues were which leads me to personally believe that the actual
amounts were probably less than those estimates.

Either way it's a laughable tiny trickle of no meaning whatsoever.

DYOR

[clunes100] 07/9/2020 16:43

Jupiter's announcement is very positive for RRR on two fronts, the amount of dividend coming RRR's way and the bottom draw iron assets are increasingly looking like a real prospects with real upside for RRR.

What I would like to know is where are the El Limon royalties? Gold is high and El Limon is operating - does anyone know?

I presume that one issue is that it would appear that much of the capacity is taken up with third party ore, which is not eligible for royalties, I presume?

I would have thought this would have been a neutral/positive day for RRR, but I assume the prospect of a new front opening up after the last couple of fiascos.

[kemche] 07/9/2020 10:53

Another mad adventure entered into. Whoosh!

[noirua] 07/9/2020 09:27

I'm surprised CLNs have not been converted yet. If I held them I'd convert them and dump them at a profit double pronto haste - infact a few weeks ago. 50%+ profit still available. Advantages both the holder and Red Rock short term.
If the shares slide back to 0.6p then RRR may have to payout in December and holders lose the profit from a sale on market.

[noirua] 05/9/2020 22:36

Evil Knieval at play on 4 September:

[kr01] 04/9/2020 22:10

I guess the fact of Mt Ida being mothballed indefinitely doesn't need to go in the header after all Torp. Today, Jupiter mentioned that they are exploring options to advance the project in the mid-term.

[noirua] 04/9/2020 20:30

Howdy Torp, thank you once again. I can see you have very much to offer to shareholders or indeed future investors in Red Rock. May I respectfully suggest you start up your own thread with all these details which do not pass to be included on this thread. Then in 'Large blue letters', yes blue: The thread address will be imprinted in pdf size 4 letters so anyone passing by can click on it and be pleased with what they read.

[torp] 04/9/2020 10:50

You haven't explained BTW Noirua why you suddenly changed your tune here.

Is it because of the group of large holders who have enough shares between them
to sway decisions and call GMs etc ?

According to Helpful on LSE one of them was wanting to liquidate the company
and take the company private.

Here's the post:


"17 Aug 2019 - "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."


Is it possible that you don't factor in this group of people ? Are you now
surplus to requirement? Have you been put out to pasture? You do seem just a tad
bitter imho.

[kemche] 03/9/2020 17:30

Shameless to the end.

[noirua] 03/9/2020 15:20

Howdy Torp, thank you so very much for your posts that everyone is sure to have seen and now find themselves in complete wonderment.
Congratulations to everyone who managed to sell close to 1p and I'm sure all sensible investors will be a lot happier in seeing the rise from 0.18p to 0.97p - yes, a 4 bagger.
Can now sleep without concern.

Maybe RRR will reverse a little like TESLA after doing equally well if not better of late. Good fortune and very good luck to you Torp, do well old chap.

[torp] 03/9/2020 12:16

Also you may also quote the figures for the El Limon royalty which is an
absolute pittance. The estimates are given in the last RRR presentation here:



Page 22 refers:

States

Royalty est for 2018 - $45,000
Royalty est for 2019 - $40,000

Published figures. Should be no problem at all posting them up in the header.

To recoup just the first $2m of the royalty at $45,000 a year would take 44 years !!

Will you post up such published facts?


Nope.

You are still a shyster posting only what supports your position and hiding the
rest from reader's eyes.

Shame on you

.

[torp] 03/9/2020 12:06

Also it's not "opinion" that Mt Ida was mothballed indefinitely by Jupiter in 2012.
It's total fact.

It's not opinion that the iron ore price was around 120-140 at the time they mothballed. It's total fact.

Yet you seem reluctant to post it up . . . .

[torp] 03/9/2020 12:05

@Noirua

You never change and never will. You post up only the things you want to in the
header to support your position.

You can freely post up all facts especially those RNS'd

You can post up the figures from the last published report, the Half Year Report
which stated that:

- There was only £139k cash
- Admin was £282k for 6 months equiv to £564k for a year
- Total current liabilities were £2.36m

All fact, no issues

But of course we all remember that you have history here in relation to misleading
readers about the liabilities of the company and it's cash.

Perhaps this is a chance to redress your past misdemeanours.

Transparency required. Post up the figures as they stood on 31st Dec as stated
in the Half year Report.

[kemche] 01/9/2020 23:07

Noirua, Can you include ALL the fundraises under Bell so that any prospective buyer can judge the success he has made of it. Thanks.

[the bull] 01/9/2020 14:16

I use HL, i think the fee was £11.95

Tried a couple of fill or kills at 0.097 and 0.096 and both failed, then changed to the ask which was at 0.095 and went through within 5 mins. Just not sure I trust the man in charge who i think is taking far too much out of the company. Will be peeved of course if it bags from here. Made 7% in all after 2 years, never a bagger for me

[noirua] 01/9/2020 13:38

Howdy Torp, Thank you so very much for your response. I must respectfully point out that the HEADER is now without personal opinion and your excellent comments can not be integrated into it. Sorry to say that your post is therefore without merit in this regard. However, it does provide an excellent warning to current investors and one is grateful for it - Thank you.

[noirua] 01/9/2020 13:34

Well done The Bull you did just great there. Wish I'd timed it that well. I'm still holding 576,000 shares with my telephone broker and they are at the highest price I paid for Red Rock shares and are in profit now at 0.95p - I'm charged 0.5% brokerage. The broker is good at getting pre-market and after-market shares on NYSE and AMEX.

[the bull] 01/9/2020 13:30

just offloaded my 2M at 0.95 good luck all

[fenton1234] 01/9/2020 13:27

Torp
I agree which is why I'm not in at the moment, but I do think there are merit in some of these projects so waiting for the right time hopefully.

[torp] 01/9/2020 13:17

A decent effort in the header Noirua but you neglect to mention:

1. The El Limon royalty is a tiny trickle that will imho likely take over 100 years
to recoup the £3m. There ARE figures of how much has been recouped so far and it's
an absolute pittance. You should post up those figures.

2. The Mt Ida royalty is a red herring as the project has been mothballed since
2012 by Jupiter and they mothballed when the iron ore price was around 120-140.
So until iron ore prices recover to at least 120-140 the project is going nowhere.


Kemche is imho correct. I think a mega placing is highly likely which is why
the share is being pumped by the usual suspects. The share price will fall like a lead
balloon if/when it is announced.

Note that 13% holder Peter Gyllenhammer just dumped his shares. James Asquith
reduced his holding to less than 3% which allows him to buy/sell without
notification. Ramper Helpful on LSE doesn't even hold 3% either which again lets
him ramp away and buy/sell constantly without notification if he wishes.

All pretty obvious what's going on to me but each to their own as always. If
people want to follow the ramping shysters then that's their lookout.

Interesting that Kemche mentioned forward selling.

Cornhill (now renamed to Pello) who are the brokers here, were fined over £200,000
by the FCA for forward selling a placing at New World Oil a while ago. The
placing was voted down by shareholders leaving Cornhill in trouble.




Here at RRR confetti is pre-authorised at every yearly AGM so placings can go ahead
whenever they want, no problem. There's no shareholder vote involved because it
already happened at the AGM ages ago.

The company only had £139k in the bank as at 31st Dec and was burning through
cash for ADMIN at a rate of £47,000 a month. Do the math. With the £2.5m
needed for Kenya and naff all cash only an idiot would not realise that a mega
fundraise must be imminent imho.

Still there are always fools believing the ramped "jam tomorrow" BS

Easy money for the sharks imho

Tick tock

DYOR