Red Rock Resources Share Discussion Threads

[noirua] 24/12/2020 10:59

All fair comments posted here. AB remains a colorful character here, all colors of the rainbow and a few that are missing. He will go, with fellow directors, for anything he sees as an opportunity becking with shareholders cash - importantly he is one of them.
My own view is he should leave these new deals on hold for a year or so even if that risks them being lost.

In a high-risk sector are RRR with other miners and a microcap without a truckload of cash to spend on developments. There lies the risk in the future though Mr. Charles Topham holds over 17% - some may point out, quite rightly, that he took onboard shares at 0.51p and they collapsed to 0.18p at one stage. Now he could gleefully jump up and down with joyful success; some might say, "for how long though?"

[commie bstard] 23/12/2020 16:52

These kind of junior exploration stocks are speculative - not suitable as investments.

[greenpastures2] 23/12/2020 16:39

Noirua, it is better not to invest in such companies. There are lots more fish in the sea. Why waste your time on companies that destroy shareholder value?

[commie bstard] 23/12/2020 16:16

Red Rock was by far the best trade for me for in 2020.

[noirua] 23/12/2020 15:19

The shares of RRR would be far higher if AB and Co. did not go in for things that appear on the face of it to be a complete gamble. If the Chairman put up $30,000 of his own money in the most recent venture and personally took one-third of the risk we would have faith in the outcome.
I point recently, as well, to Steelmin and the high-risk moves there and a punt in the dark that was Amulet.

The directors are good at shooting not themselves in the foot, in this regard, but all the shareholders past and present.

My thought is, "Directors or Red Rock Resources PLC - please stop doing it. You are far better than that."

[noirua] 21/12/2020 13:13

Vector Group ( NB: RNS today)

Now being liquidated.

This event takes some looking into. My first view having looked at it fairly quickly is 'run for the hills'.

[noirua] 21/12/2020 10:45

DRC - I couldn't possibly disagree with you kemche.

[kemche] 21/12/2020 10:30

DRC - I see another Amulet brewing.

[kemche] 21/12/2020 10:27

This is huuuuuge news.

etc.

[noirua] 21/12/2020 10:17

There are two announcements today.

---

The one on Arbitration needs to be carefully read as these events can go on and on.

White Energy Limited's Arbitration started in May 2015 and a result is expected in February or March this year

Univision's former subsidiary Leader Smart Holdings Limited's partner has been in Arbitration for 7 years and 7 months.

The costs involved can be horrendous if it is drawn out

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The RNS on Jupiter Mines is encouraging on the iron ore IPO.


This link points to an error by Red Rock Resources PLC concerning the value of their shares in Jupiter Mines Ltd. If it is an error the matter is MISLEADING and needs correcting!
Jupiter Mines Limited - 9,524,914 shares 0.49% as at 30 June 2020 - valued at 29c a share = £1,510,000 - Page 80.

[bigman786] 21/12/2020 07:17

Get your head around that then !

[kemche] 20/12/2020 11:41

I neither believe AB nor TW.

I only believe Noirua.

Have I worked it out correctly?

[noirua] 19/12/2020 23:59

The header deliberately has no opinions, only information. My own opinion is that RRR shares at 0.9p buy are overvalued presently on a risk basis. However, if an investor sees the shares as a gamble, doesn't mind a shock or two, then they are a fair punt at 0.9p. The share appears to have been recommended at present and comes therefore with a caveat, buyer beware - however, this caveat only counts if you are an investor jockey who prefers the flat.
Who do you follow here -: Is it TW, AB, or Torp, fine fellows one and all - I know who is more likely to be right but do you?
I class AB and TW as overrated but clever financialised individuals and survivalists. Torp is underrated, steadfast, and unlikely to buckle or give up whether having won or lost.

We have fun but do I jest?
I'm sure kemche has worked it out?

[valuetracker] 19/12/2020 21:52

Hod aka TW is a pump n dumper. At 2 to 3p he'll be out and deramping

[julianw2] 19/12/2020 01:06

Lifestyle share LOLS

[kemche] 18/12/2020 17:25

This is huuuge news.
Whoosh!

[noirua] 18/12/2020 16:37

I'm not sure about the buddy ship between TW and AB. That is whether one likes the help and publicity or the other a genuine interest or rightly correctly paid receipts thereof.
Anyway, we all know much depends on the floating of Red Rock Australasia Limited on the TSX jointly with POW. The cost to IPO is around C$600k all-in and the value of the Ballarat tenements on the Canadian markets is not an easy one to work out. The gold price over US$2,000 would help and the enthusiasm that goes with it.
A high-risk development that may or may not come off.

[hodhasharon] 18/12/2020 16:09

TW convinced me to part with 12k. I am now a RRR holder with a 20p 2021 target :-)


Ho Ho Ho !!!!

[torp] 18/12/2020 13:45

As I have said numerous times, I would consider myself an idiot to buy shares
here at any price above 0.6p. Each to their own

DYOR

[noirua] 18/12/2020 12:58

It appears that all of the CLNs have not been converted as yet. Note today's RNS.

[noirua] 15/12/2020 09:14

Last year's Final Results were out on 24 December. I doubt anything has changed beyond what we know already. Cash was raised this year and running costs, DRC, RRR Australia Limited, Migori Gold, and Greenland will have reduced that.

[kemche] 14/12/2020 21:08

Sharon, So do I!

[hodhasharon] 14/12/2020 19:58

I know who kemche is!

[noirua] 14/12/2020 16:57

Red Rock Resources Plc announces that it has received notice of conversion of GBP254,960 of Convertible Loan Notes ("Notes") into 42,493,333 Ordinary Shares ("Shares") at a price of 0.6 pence per Share ("Conversion").