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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
  0.075 7.14% 1.125 1.10 1.15 1.15 1.05 1.05 9,571,458 16:25:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 5.2 0.8 1.5 10

Red Rock Resources Share Discussion Threads

Showing 44526 to 44549 of 44925 messages
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DateSubjectAuthorDiscuss
18/8/2020
08:38
Almost back at break even on my 2M holding, considering selling unless a good case to hold. Maybe should watch the TW interview again.
the bull
17/8/2020
22:58
Manganeses ore price by Jupiter: Https://www.jupitermines.com/projects/tshipi/manganese-price-information
noirua
17/8/2020
19:25
A four-fold increase in four and a bit months is welcome but merely the start - there is plenty to come. In a time of rising prices one should hold to compound one's gains.
atinos auntie ettie
17/8/2020
11:48
As no activities have been able to take place on these license areas in Kenya for several years, it is some time since the Company has made announcements in relation to them. The Company will now be reviewing how it proposes to proceed and in the meantime, for the assistance of investors, a summary of key relevant historic exploration announcements with links is set out at Appendix A below. All with all historic regulatory news announcements by the Company, these may also be accessed through the London Stock Exchange website or through the home page of the Company website at www.rrrplc.com [ This part of the RNS is not misleading it is just safely guarded wording: The mining license has not been awarded for Migori, Kenya and Red Rock are still waiting. The area is still being near surface mined illegally by locals - better they get cash from some where I suppose ]
noirua
17/8/2020
11:22
So this agreement from RNS of 15 June 2018 kicks in now. I wonder how the $2.5m will be raised: "Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation ("Kansai") of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018 ("2018 Agreement"). The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a $50,000 payment, leaving Red Rock with a 100% interest. In the event of a renewal or reissue of licenses covering the Assets the Company will within three months make further payments, subject to such renewal or resissue not being on unduly onerous terms, as follows: (1) $2.5m payable in cash, (2) a $1m promissory note payable 15 months after issue, and (3) £500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue."
sclper
17/8/2020
10:45
It's certainly been an interesting 10 years with this one. One thing for sure is not much has changed and you are right, fund raising overdue. !
davenotion
17/8/2020
09:58
Sold some more shares this morning in three lots to reduce my holding by 56% - not the 1m sales however. Fear a placing at around 0.5p - 0.55p. Holding now reduced by 59%. Well done davenotion - good luck. I was down myself by 67% when RRR shares were at 0.175p and was holding just over 1% of shares in issue at one stage - a mighty paper loss at the time.
noirua
17/8/2020
09:06
I'm finally out of this Share at just over 0.6.Still a hefty loss but I can't hold any more.
davenotion
17/8/2020
08:50
Not sure about all this news in one RNS this morning. Needs to come clean about cash raising to be done as well as any that has not been announced. The share price is over the 0.6p conversion price for the approx £1 million CLN possible conversion by 19 December next - Red Rock receive zero cash on any conversion whilst paying 12% interest to the holders. I'm feeling more comfortable after nearly halving my holding of late but some worry about any cash raising terms. Red Rock need to raise by borrowing, placings or sale of Jupiter shares around £1 million or more this year or £2 million by December this year if CLN holders demand cash. More Jupiter shares could be put in hock to gain a further loan. Jupiter profits will drop as manganese prices have fallen. Disappointing that as steel demand was firm in China - maybe it has dropped off? Hopefully Jupiter can sell their iron ore interests though they might be better flogging the interest to a major rather than floating shares.
noirua
14/8/2020
23:31
Work needed to be done by Red Rock and Partner POW is similar to that in this article presented by Castlemain Goldfield Limited a subsidiary of Lion Gold Corporation: Https://ballaratgoldmine.com.au/wp-content/uploads/EL0066008-work-program.pdf Tour of the Ballarat Mine: Https://youtu.be/SSfmlMPMiOs Note RRR and POW's wholly owned subsidiary will first have to wait for an exploration license. This will only be granted after meetings with the locals and finalisation on work covering Flora and Fauna. After this mapping of an area followed by rock sampling. Then very much later air-core drilling, followed on obtaining results by a diamond drilling program and a JORC resource. A banking feasibility study needs to be done. Watching certain TV programs it can take sometime to get an exploration license and even longer for a mining license. Red Rock's tenements are interesting of course though a lot of fund raising needs to be done and far more for a mine. The performance of Red Rock's shares has been sparkling since plunging to 0.18p in the depths of despair. It is a bit of a gamble from here hoping all the pegs fit in all the holes - past performance lays very many doubts as the dice are rolled. Or maybe just a die in very many places. Https://contenthub-static.grammarly.com/blog/wp-content/uploads/2016/07/dice.gif ----- The gold resource in Kenya has a JORC resource and despite locals being all over it needs only funding on infrastructure and expensive mining equipment. Still waiting for a mining license. ---- Red Rock's cash position is very tight indeed. Chairman Andrew Bell may be flush with cash but his company certainly isn't.
noirua
14/8/2020
19:36
Each time a licence comes in that will count as an asset and given the gold price and gold rush in Victoria, there will be plenty to throw cash at any sniff of a decent return, I am even up to go and help them dig!!
clunes100
14/8/2020
12:16
I've sold some more shares in Red Rock. Holding was down by 28% and now reduced by 35%. Just playing safe and moving more money into silver stocks. Not now holding any shares in POW that look over priced considering cash held, likely income, and the nearology scrub-land in Victoria, Australia that will eat cash. Holding in RRR later reduced by 45%.
noirua
14/8/2020
08:47
More complicated than I thought and impossible to work out, whilst figures are given that one might conclude RRR would receive say US100,000 based on 2019 throughput, the question is what proportion actually comes from the El Limon licence and what are the contractual obligations to pay RRR. I think Andre needs to come clean and clarify, anyone willing to ask the question and pursue an answer?
clunes100
13/8/2020
17:17
The answer about gold production at El Limon is probably in this link somewhere. Taken over by new management and name changed - though I expect everyone new that already: Https://www.somagoldcorp.com/ The company’s expectation is to increase both feed quantity and grade through development at the El Limon Mine and 3rd party miners reaching 112 tpd average of 6 g/t by the first semester of 2021. Semester system as applying to Canada. Https://medium.com/zept/academic-terms-in-canadian-universities-colleges-bce120b3a08a If you can work out when royalties will be paid from this then go to the top of the class.
noirua
13/8/2020
16:23
I am still waiting to see an RNS on the El Limon royalty, one assumes they are producing gold and the price of gold is high - where is the royalty?
clunes100
13/8/2020
15:47
Jupiter Manganese price: Https://www.jupitermines.com/projects/tshipi/manganese-price-information Jupiter is hoping to hive off its interest in Iron ore that may well mean a payout to shareholders - watch the iron ore price that is being helped by the Chinese building boom.
noirua
13/8/2020
14:43
Noirua - "Raising cash via a placing would not be under 0.51p, the price of the previous placing, as the biggest major holder paid this price." Your statement makes no sense imho. As stated upthread large shareholders have been dumping . Peter Gyllenhammar posted a holding RNS stating that he had reduced his holding from 3.44% to 2.84% on 10th July. The share price on 10th July was around 0.4p If such people are not prepared to buy shares at 0.4p and are selling then what does that say about the price that any potential placing would be at?? James Asquith reduced his holding from 3.68% to 2.77% on 6th August. The share price on 6th August was around 0.54p-0.58p If such a significant holder wasn't prepared to buy at 0.58p and was selling then what does that say for any potential placing? . Noirua - "CLNs are unlikely to be converted before December 19 unless this happens." Your opinion of course. Given the CLNs have been rolled over for a 3rd consecutive year I can't believe that the holders would sit there if the share price gets above the conversion price of 0.6p. I would think that converting them and selling at break even was preferable to remaining locked in. Or even just converting and then holding the shares to see how the share price moves. If the share price then subsequently dropped back below 0.6p at least they would then no longer be locked in and could choose what to do. The holders wax lyrical about the 12%pa interest their loan notes earn but surely that invested money would be earning far more than 12% in 100s of other shares on the stock market during these volatile times? We will have to wait and see what transpires. share price might not reach 0.6p and may retrace back to lower levels DYOR
torp
13/8/2020
11:02
The Red Rock share price has done well in the short term. There are thoughts on the fund raising position which clearly needs a share price of at least 0.7p bid. CLNs are unlikely to be converted before December 19 unless this happens. Raising cash via a placing would not be under 0.51p, the price of the previous placing, as the biggest major holder paid this price. Cash can be raised by putting more ASX:JMS in hock. Unless it has been done already and not announced. No announcement as to the 5.5m shares held by others against previous loans. Jupiter is unlikely to pay much of a dividend because the manganese price tanked after the South African covid restrictions on mining companies in the Northern Cape were lifted - or at least now with more minor restrictions. Everything is quiet and particularly so on the 'board of Red Rock' front.
noirua
10/8/2020
15:01
SP tumbling here Totally predictable imo. If only there was a way for PIs to short this !! Another significant holder has posted a Holding RNS today dropping his holding below the notifiable 3% mark. Earlier on 14th July former 13% holder Peter Gyllenhammar also posted an RNS stating he'd dropped his holding below the notifiable 3% mark. Doesn't bode well imo. I smell a mega placing coming or something equally as bad but we will have to wait and see what the reasons are for these holders bailing. DYOR
torp
10/8/2020
15:00
James Asquith - now there is a knower of stuff! CZN - fltying!
kemche
07/8/2020
08:09
Corcel PLC is the new name for Regency Mines PLC from this morning.
noirua
06/8/2020
15:58
Im a LTH and down 99.69% paid 187.72p now worth a few quid. I was tempted to double my holding when these where 0.25p to try to recoup some losses and would have worked but this is and always has been a shower of a stock. More dilution than school gravy, the sad thing is the price is going to rise on rising metal prices not the boards doing. Hope they all choke on there Remy.
steptoe11
06/8/2020
15:56
And yet another late reported sell pops up in the list £14k sell at 0.56p from 2pm not reported until hours later DYOR
torp
06/8/2020
14:22
lol grandmasterglitch. Shame RRR doesn't produce any gold itself eh? Still you can always sell jam instead . . . .
torp
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