Red Rock Resources Share Discussion Threads

[torp] 24/5/2019 19:21

@kemche Whilst the regs here know and understand your dry sarcasm, newbies probably won't. They might take you at face value !

[noirua] 24/5/2019 17:43

Still waiting for the Mid-Migori license renewal and the Musonoi Area 1 results after AB's chums have completed the searching of the Cathedral sheds.

[kemche] 24/5/2019 16:21

All the trades today were buys. Because of all the positives.

[clunes100] 24/5/2019 15:29

Nice round 1m just gone through, might even get a holdings RNS in the next few days could be interesting if Topham and PG build their stakes, as long as they do buy too many, that in itself would be worrying for different reasons.

[noirua] 24/5/2019 14:51

MMs are still selling stock and close to 5 million shares today. Difficult to know how many shares they hold or whether any of those large trades 2 to 10 million, buy or sell, are waiting in the wings. Spread is still very wide but should narrow sharply if buys continue to outmatch sells. Updated 16:31

[clunes100] 24/5/2019 14:50

There are always negatives and we have had our share here but a run of positives may be on the card, the trick is to know when to cash your chips. Unusually high number of trades for RRR today, is this on the back of the bonus dividend or is news around the corner?

[kemche] 24/5/2019 14:26

There are so may positives here. And no negatives at all.

[clunes100] 24/5/2019 14:10

I reckon it is PG coming back after a little miscalculation. As before, he expected the share price to fall on the back of a little dilution due to a shortage of cash and the usual fall in the JMS share price post dividend. However, this time JMS did not fall, there is an unexpected dividend coming shortly for £300,000, the fund raising did not really effect the share price and the prospect of RRR cashing in on JMS's iron prospects is that little bit closer. A few more trades and as I said yesterday we might see a tick up today. I have not bothered to repea all the other positive news potential coming at RRR. DYOR

[kemche] 24/5/2019 12:59

How can I not be with Bell in charge? I need to be in on the next fundraising.

[noirua] 24/5/2019 12:56

Are you on board kemche as 12 buys in a row: https://uk.advfn.com/p.php?pid=trades&symbol=LSE%3ARRR If the resource at Area 1 comes in close to Glencore's Area 5, adjoining RRR's Area 1: RRR shares should rocket.

[kemche] 24/5/2019 12:36

RRR rising on the back of the value of RGM and ABM holdings.

[noirua] 24/5/2019 10:39

$RRR Red Rock set for ‘healthy’ dividend payment from Jupiter Mines later this year Http://tinyurl.com/y2csco6l

[torp] 24/5/2019 08:03

Noirua - "Quoted assets" OMG !!! Are you seriously suggesting that to survive the company is going to have to sell all/most of it's quoted assets ? Or were you just trotting out the same old "sum of parts" spiel again? Tell readers please . . . Where will the money come from to fund the £2.7m of liabilities plus c£850,000 for Admin Expenses plus project costs and any Kenya legal costs ?

[noirua] 24/5/2019 00:59

Big plus for Jupiter and of course Red Rock is the weakness of the Aussie$. Iron Ore benchmark is now at Aussie$147 per tonne and that's way up on the 2012 figure. Augers particularly well as Jupiter seek buyers.

[noirua] 24/5/2019 00:30

Quoted assets: Value of Jupiter Mines JMS 35c, African Battery ABM 0.475p, Para Resources 16.5c and *Regency Mines RGM 0.065p = £3.5m + £120K + £240K + £23K = £3.88 million.

[torp] 23/5/2019 21:27

Waiting for the shameless rampers to answer where the cash is going to come from . . .

[torp] 23/5/2019 16:56

Once again . . . . tell the readers here where the company is going to materialise £2.7m from for those liabilities plus the £850,000 for Admin Expenses plus the various project costs and Kenya legal costs . . . .

[noirua] 23/5/2019 16:35

Musonoi results are due soon. Nothing else is likely to happen of significant importance until Mid-Migori license result. All known information is in the header - unless you have spotted something. Some thoughts that Ruashi Mining with their new smelter now working well near Area 4 are amongst Chinese interested in Musonoi. Should a bid be accepted for Musonoi or a bid for Red Rock the market will be flooded with interest. If you like the story of DRC in the header you are armed to go forth my friend.

[torp] 23/5/2019 16:03

Clunes - "my preference is to look forward and not hark back to the past all the time" How utterly laughable !!!!! The Current Liablities of £2.7m are NOW, the PRESENT not the past. Figure taken from the recently released Half Year Report. The Admin Expenses of c£850,000 are from the recent Annual Report The £910,0000 worth of outstanding Convertible Loan Notes are NOW, the PRESENT, still outstanding. This extremely lame boiler room style ramping is fooling precisely nobody imho. You continually try to sweep the FACTS under the carpet and label them the past when they are of course very much the here and now. Shame on you both. Now tell the readers here where the company is going to materialise £2.7m from for those liabilities plus the £850,000 for Admin Expenses plus the various project costs and Kenya legal costs . . . . Go on, tell the readers . . . . DYOR

[noirua] 23/5/2019 15:43

Anyway, so ends a strange day of trading compared to the boring norm. The offer was dropped suddenly towards the close to 0.55p so maybe a late hidden sell came in there. Added a few more, last trade, as 0.55p looks a decent price to add a few. I did say I'd wait for 0.51p or lower and will add a few more if it happens.

[clunes100] 23/5/2019 13:18

Noirua, I believe your last post and I quote "." was perhaps a little verbose with respect to Torpy's post!? Any ho, my preference is to look forward and not hark back to the past all the time - life is too short.

[torp] 23/5/2019 12:26

Clunes - "However, that is still approximately another £300,000 . . . This extra cash reduces the likelihood of another imminent dilution Does it heckers like ! £300k is nothing, neither is the £252k just received. This BOD fritters away £850,000 a year just on Admin Expenses !! Those sums don't even cover the bloody Admin Expenses for the year ! You are still very short of cash because: Cash in bank at 31st Dec - just £27k !!!!!! Current Liabilities - £2.7m Admin Expenses - c£850,000 a year !!!!!! Project Costs - £ anyone's guess (Other Project Costs last year were £306,666) Kenya Legal Costs - £ anyone's guess The ramping here is utterly desperate. Tell the readers where RRR is going to get £2.7m from to cover those liabilities! Tell the readers where RRR is going to get £850,000 from for Admin Expenses ! The answer is plainly going to be dilution for which authority has already been granted. DYOR

[noirua] 23/5/2019 10:26

Some odd trades of 188,034, buy and sell, and 1,609,885 shares, buy and sell. Bought and sold some time after for a big loss. Obviously not flips just someone deliberately losing money. https://uk.advfn.com/p.php?pid=trades&symbol=LSE%3ARRR Wanting 0.575p - 0.5211p for a 9.4% true market spread.