Red Rock Resources Share Discussion Threads

[noirua] 28/9/2020 11:04

As warned in the header for quite awhile now:

Red Rock Resources Plc announces that it has raised GBP1,000,000 by way of a placing of 125,000,000 new ordinary shares of 0.01 pence each in the Company at a price of 0.8p per Share with 1 for 1 warrants exercisable at a price of 1.2 pence per Share for thirty months.

Usually, more often than not, the share price may drift back to test the 0.8p level.

[noirua] 27/9/2020 12:29

Hi Torp, I'm trying to include near everything in the header. After today if you could point out anything that has been missed I would be obliged. No personal opinions allowed in the header. TVM

[noirua] 26/9/2020 10:59

Will be adding more information into the header this weekend. Be assured that nothing will be removed. Good luck and good fortune.

[torp] 25/9/2020 23:53

Lovely stuff Atino

Now perhaps you could tell everyone,

How many JMS shares are there now left here?

Thanks in advance

[atino] 24/9/2020 00:26

...How Germany 🇩🇪 beat CV-19 😉 (...mwoah 🥰🙌)


(Quote) As furlough winds down, the chancellor is considering a German solution to job woes 😉🙇‍♂️

This isn't widely known but Rishi Sunak's furlough scheme was actually in some ways one of the fruits of Brexit.

Back before COVID-19, the Treasury had a number of options for policies to impose in the event of a catastrophic no-deal Brexit, one of which was to introduce something similar to a German system - the kurzarbeit 🙇‍a94;️

Kurzarbeit 🇩🇪 dates back a century or so but really came of fame during the financial crisis when it helped shore up the German labour market even as many other countries faced massive increases in unemployment.

The principle is that if companies need to cut workers' hours, the state will step in and help supplement their pay - hence the name, which roughly translates as "short-time working".

In the fraught days before Boris Johnson imposed his first lockdown, Treasury officials dusted off the plan, made some adaptations and so the Coronavirus Job Retention Scheme - or furlough to the rest of us - was born.

The UK furlough scheme actually went a fair bit further than kurzarbeit, with the state paying a bigger chunk of people's salaries and insisting they stay at home in exchange (whereas the German scheme was more about topping up the wages of people working fewer hours).

Either way, the furlough was born and the rest is history: 9.6 million jobs supported and 1.2 million businesses helped.

Around three million jobs are reckoned to be supported even now, as the scheme is run down and the generosity of those government payments drops.

[noirua] 23/9/2020 12:52

The price is of course up on the prospects of a float of the Australian tenements on the TSX in 2021. Cash will need to be raised because they basically do not have a couple of dimes to rub together. On flotation cash should arrive if everything goes successfully and markets remain in fair fettle. Cash will be needed beforehand for all the various fees and costs.

[noirua] 22/9/2020 14:33

Evil Knieval at play:

[kemche] 22/9/2020 08:42

This is huuge news. Whoosh!

[noirua] 22/9/2020 08:36

Plans are to float the Australian assets on the Canadian market.

[noirua] 15/9/2020 10:26

Annual Report Results added to the header. Added via the good offices of poster Torp and at his request/prompting.

[noirua] 15/9/2020 09:44

Manganese prices up slightly on the week whilst Jupiter Mines closed at 25.5c.

[noirua] 14/9/2020 14:02

Red Rock are hungry for cash rather than selling down further Jupiter shares. AB can see those 0.9p warrants for conversion like apples on a tree and wants to eat them but they are so far not in reach for munching. He could use a ladder though has been known to tumble off it to shareholders loss again and again as he always comes up smiling once more and moves on to the next - apple tree of course.

[kemche] 14/9/2020 11:58

I sold a further 345% of my holding yielding a decent 656% profit. I will hold onto the residual 139%.

[noirua] 14/9/2020 11:58

Evil Knieval at Play:

[noirua] 14/9/2020 11:37

I've further reduced my holding in RRR and just left now with 4% of my highest amount held... increases profit from 12% to 15%, not much. Suspect recent rejoining of happy conferencing by TW and AB is the reason for today's rise. Some must be very nervous of the cash position with many cash guzzling ventures in play: Unless of course they are well heeled enough to take part.

[new_scally] 14/9/2020 08:58

Atino get help!!!!!

[new_scally] 13/9/2020 07:59

Atino

Are you suggesting that the missing money was paid to bellend as a performance bonus!!

What have you been smoking?

[noirua] 12/9/2020 18:31

Howdy Torp, you get us all wrong. We are exactly on the same hymn sheet as thou on the Jupiter share sell down and financing needs of Red Rock. If you go back and read older posts you will see that all posting here know. Knocking elbows in fact. If you read the foot of the header you will see it is covered. If the shares continue to rise further CLNs and maybe 'sub' shares will be issued.

No doubt in my mind that Chairman Bell would like to see the shares at 1.25p and 1.65p ( mentioned by poster Atino ) so the 0.9p warrants are converted. The CLN holders would convert easily at that level.

You are quite right Torp to keep mentioning the dilution factor and no doubt that is appreciated by some. Perhaps more should be aware but I doubt 100% of holders read ADVFN and there are many I believe who are stationed abroad.
It still surprises that CLN holders have not made moves to convert at 0.6p.

My view remains for the umpteenth time that RRR shares are a gamble that has increased as the shares got above 0.6p.