Red Rock Resources Share Discussion Threads

[kemche] 22/10/2020 14:46

Nice to see the long term chart dispensed with.

Aherrm......

[noirua] 22/10/2020 14:42

Header updated with charts added appertaining to Red Rock interests. Lower charts removed as repetitive.

[kemche] 22/10/2020 14:21

Another fundraising?

[noirua] 22/10/2020 13:52

Hi Torp, You may have overlooked that the question you ask has been answered in the header for many months now at number 14. Hope that will help you.
Very good fortune to you and good luck; 寿比335;山, 福如996;海 - of course to all those at and invested in Red Rock.

[torp] 22/10/2020 11:55

Is that a Yes or a No Noirua?

Why is it you struggle to answer basic questions here? Do you work for the company?

[noirua] 21/10/2020 17:19

Torp, They tried to catch the Speaker of the House of Commons out in 2019 by asking a question they already new the answer to. Sometimes a good idea then to ask why the question was put in the fist place, don't you know old chap.

[torp] 21/10/2020 16:22

lol Noirua

Evading the issue as always.

Straight out question

If the CLN holders refuse to convert by 19th Dec does RRR HAVE to find the cash
to pay them off? Yes or No?

[noirua] 21/10/2020 12:48

Evil Knieval at play on October 21:

[noirua] 21/10/2020 10:47

Torp, The majority of CLN holders would be delighted to get a 12% interest to continue their CLNs for another year. However, times have changed and they would not get such a give-a-way deal this time round. Anyway, they will convert in droves - problem might be if they then dump their stock.

New CLNs might be available at 6% interest and a conversion price of 1.4p up to December 2022.. The market is wobbling all over the place so anything could happen.

[torp] 20/10/2020 19:00

Noirua - "no need to payout any if all are converted."

Yep but that wasn't the question posed was it?!!


What happens if the CLN holders DO NOT convert by 19th Dec???

[noirua] 20/10/2020 12:00

RRR shares are probably held up by performances by POW, up 260% from price paid at 0.5p .
The conversion of the CLNs at 0.6p looks fairly certain. RRR receive no cash on the exercise or on the other hand, no need to payout any if all are converted.

Red Rock and Power Metals still have to get the float of the Australian assets away successfully on the TSX. No mean task for a cashless company with just unexplored tenements in Victoria, Australia. However, it looks better than even to work out OK.

[torp] 19/10/2020 23:11

I'm not entirely clear what happens if the CLN holders don't convert their
£830,000 worth of CLNs (at 0.6p) before 19th Dec. Anyone know?

Does the company then have to find the money to pay them off? Or are the notes
forfeit?

If the former where will the cash come from ?

They already need to find money to pay Kenya don't they?

I can only see lots more confetti coming and/or significant pawning off of the
Jupiter shares. Either way the share price will imo just head South.

DYOR.

[knil] 19/10/2020 19:15

Confetti is the operative word here.
Poor company past and present.

[torp] 18/10/2020 00:16

Placing seems to have killed the SP, quite predictably

125m confetti shares issued at 0.8p

No incentive for anyone to pay more than 0.8p for shares imho

Worse still there are still £830,000 worth of Convertible Loan Notes outstanding
plus interest at 12% pa which can be converted at 0.6p. Deadline for
conversion is 19th December.

For me that gives no incentive to buy shares here above 0.6p. When the
CLNs convert I personally expect the share price to plummet down to that price range.
I could be wrong of course but for me, no way would I pay 0.8p for shares here,
nor 0.6p.

If the placees believe in the prospects then let them stick with their shares.
No way I'm giving them a quick easy flip profit at my expense !

Each to their own as always

DYOR
.

[noirua] 16/10/2020 22:49

Evil Knieval at play - kicking the ball around

[torp] 16/10/2020 15:35

Not looking good imho

[noirua] 16/10/2020 09:44

Tally PLC CEO Cameron Parry and Paul Johnson Power Metals PLC in talks about 4 years ago at Metal Tiger.


Tally is a gold loaded debit card company with gold interests in Finland and India.

----

Noirua - 11 Oct 2020 - 14:13:53 - 10504 of 10508 RED ROCK RESOURCES PLC - Information Thread - RRR
Tally focuses on customer numbers growth as it prepares for IPO. Customer numbers grew through 7,000 at the end of the quarter to September 30.
www.proactiveinvestors.co.uk/companies/news/930455/tally-focuses-on-customer-numbers-growth-as-it-prepares-its-ipo-930455.html
Entrepreneur & Public Company Chief Executive. co-Founder Tally, Founder Lionsgold (LSE:LION), co-Founder Coinsilium (NEX:COIN), Founder Metal Tiger (LSE:MTR)
Tally
www.proactiveinvestors.co.uk/PRIVATE-UK:TALLYM/Tally/

[kemche] 12/10/2020 13:10

Funny as F!
Good one Noirua.

[noirua] 12/10/2020 12:25

The situation now is different.
The Company rests on a powerful tripod of interests whose value is becoming less speculative and more real.
Kenya is restored since August and granted, an NI 43-101 report has been produced for the Australian assets which leaves no doubt as to their potential, and in the Congo we have defended and even advanced our position with apparent success, and so are now in a position to deploy funds into the country with confidence.

The company does have a number of interests that are in themselves interesting. However, probably on a number of monopods rather than tripods.

---

15) In September 2020 Red Rock paid vendor Mr Lubomir Konkil and his associated parties €10,000 for a due diligence period ending 21 September 2020 over the assets. The firm has also paid €23,000 for a 50% stake in the Zlata Bana licence, which covers around 12km2.. May establish a joint venture with Konkil and issue €250,000 of new Red Rock shares to the vendor alongside a further €100,000 of shares upon completion of the asset transfer. Plus €100,000 for joint venture expenses.

Option not taken up as of today. No comments on overall costs expended or current position on the bits and pieces. Was definitely on a monopod that wobbled over. Monopods can be very useful as I found in my 'half frame' photography days: Usefully steady photographing at angles. Looks as if RRR did not have the correct angle on this one and it wobbled and crashed.

[noirua] 11/10/2020 14:13

Tally focuses on customer numbers growth as it prepares for IPO. Customer numbers grew through 7,000 at the end of the quarter to September 30.
www.proactiveinvestors.co.uk/companies/news/930455/tally-focuses-on-customer-numbers-growth-as-it-prepares-its-ipo-930455.html
Entrepreneur & Public Company Chief Executive. co-Founder Tally, Founder Lionsgold (LSE:LION), co-Founder Coinsilium (NEX:COIN), Founder Metal Tiger (LSE:MTR)
Tally
www.proactiveinvestors.co.uk/PRIVATE-UK:TALLYM/Tally/

Not finished yet ----- cheers, thanks - held, checking links to POW and MTR.

[noirua] 11/10/2020 13:32

Modern-day gold rush in WA as mining executives flock to Kalgoorlie for Diggers and Dealers

Western Australia is experiencing what is being hailed as a "21st century gold rush", just six months after the coronavirus pandemic sparked fears that mineral exploration would grind to a halt.

And finally the WA Government announced the current lockdown that has cut Western Australia off from the rest of the country will continue until April 2021. Its not clear what medical breakthroughs are expected by then. But this date coincides with the next WA election which Premier Mark McGowan should win in a landslide should his approval ratings persist. Again another trade. And again we'll see who pays for it a few years from now.