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
  0.00 0.0% 0.325 0.30 0.35 0.325 0.325 0.33 460,300 08:00:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.3 - 2

Red Rock Resources Share Discussion Threads

Showing 43751 to 43771 of 43775 messages
Chat Pages: 1751  1750  1749  1748  1747  1746  1745  1744  1743  1742  1741  1740  Older
DateSubjectAuthorDiscuss
23/2/2020
02:32
A possible interested party is Shanta Gold Limited AIM:SHG. Acacia Mining PLC is now a subsidiary of Mining Giant, Barrick Gold Corporation, and they have sold off their Kenya Gold assets in Acacia Exploration (Kenya) Limited to Shanta Gold for US$14.5m plus 2% royalties. Https://www.barrick.com/AcaciaMining/
noirua
23/2/2020
02:21
If we look at the header and in particular RRR Coal: You will see a date of April 2020. That might well indicate that certain news will be announced before that. AB and Co are very quiet at the moment with no broadcasts to be seen or buying of shares. One thing the directors are very good at is being clinically correct concerning the AIM Rules and Regulations. Decide yourself on this.
noirua
23/2/2020
02:11
Time will tell who is right in the end. Most new investors are more interested in the price of a stock at present and making a profit. If Uncle Bob and Auntie julia bought at a much higher price, that is not their concern. My valuation of Mid Migori at US$1,600 Au remains at US$20 £15.5 million to Red Rock on a sale basis. AB has never pretended this venture could be brought to fruition alone and needs a partner. That partner may well bid for Red Rock Resources PLC as a cheaper option. IMHO, AB is very interested in AIM:POW and might well be content to see a buyout of AIM:RRR. AB has never commented on this. Why bid for Red Rock, on their getting a mining license for Mid Migori. Well, shares held are worth about £2.9m plus US$2.95m in royalties at Para Resources El Limon mine and future royalties at Mount Ida and US$8 million due should commercial mining of iron ore ever get underway. Mid Migori, Kenya and Musonoi and two other tenements in DRC. There are known liabilities such as the loan against 30% of Jupiter shares and about £1 million in CLNs dated 19 December 2020. The half yearly report is due out in March and a clearer picture will be available then - no point guessing liabilities before this - just a little more patience needed. Anyway, as always, it is our call whether to invest or not.
noirua
23/2/2020
01:35
It is a lost investment i'm afraid. look on it as an expensive education. Learn and don't repeat!! Kenya? Kenya is low grade and the local artisans are all over it and the Government hate RRR. It was a JV between RRR and some bunch of characters from Toronto who have a similar MO. If you ever get bored look up the individuals on the JV partners board. then dig back in time into diamonds. Hours of fun. avoid at all costs. Mid Migori will never happen.
affemoose
22/2/2020
12:02
RRR 10yr Chart This is the result of a BOD who strip all value from the share for salaries and expenses imho
torp
21/2/2020
18:52
"easily saleable" Good one!
kemche
21/2/2020
18:49
The gold price is at US$1,647. Money is being spent each month on general running costs and a further significant amount at Musonoi. They are getting together all the drilling cores from 1920 on wards. The results of this should give a resource in more detail. A JORC resource might need further drillin, maybe not. These much delayed results should arrive shortly. Less money is being spent in Kenya as a mining license is yet to arrive. Red Rock still have about £3 million in shares that are easily saleable: Jupiter Mines, Regency Mines, Para Resources and Power Metal Resources. All these share have a market quote and could be sold as have some of Regency Mining shares recently. Detractors may pretend they cant be easily sold. Fair enough. Some other assets cant be sold such as the US$2.95m in gold royalties or the Mount Ida iron ore royalties. Musonoi and Mount Ida will be in the blocks to be sold but cant be valued for certainty. Mid Migori needs a mining license. --- Hopefully the small market cap at £2.19 million will show how cheap the shares are. I'm still buying under 0.35p in the same fashion as GEO now EEE. There shares rose over 200% and I may have been the only buyer and all others sellers. Same was the case at IIP which rose nearly 300% - it came to life.
noirua
21/2/2020
17:21
I have! And so does Ettie.
kemche
21/2/2020
17:15
p.s. - does anyone have the faintest idea where the money is being spent each month?
affemoose
21/2/2020
15:32
Noirua- I think you have got to come to terms that this is most likely a lost investment. I had 1.3 million shares once bought between at 0.6 and 1p. By the time of the 2018 AGM I had sold half and once the Steelmin debacle was apparent I sold the rest. I think I got 0.45p for the last 300,000. Better to get something back than nothing. It can be difficult knowing when to pull the plug but some of the mistakes struck me as due to incompetence. May be Mid Migori and Musonoi will save the day but I doubt it.
greenpastures2
21/2/2020
14:47
That should help.
kemche
21/2/2020
14:29
Gold at US$1,640 - talk of US$1,800 short term.
noirua
21/2/2020
12:23
That should help.
kemche
21/2/2020
11:49
That should help.
kemche
21/2/2020
11:44
Gold at a heady US$1,633 an ounce. Mid Migori, Kenya is a gamble on when a mining license may be awarded. However, the value of the JORC resource of 1,200,000 ounces + 67,000 ounces of tailing is rising rapidly.
noirua
21/2/2020
00:12
Some of Noirua's past shameless ramping 29 Oct 2018 - " it would seem wise to consider buying in stock around 0.6p a share...your call" Bid price today 0.3p 29 Oct 2018 - "We can be assured that Chairman Bell and his board of directors are helping all they can to bring about a reasonable electricity deal for Steelmin" Steelmin went into Administration last Feb 31 Oct 2018 - "RRR at around 0.575p to buy BUT not for long." Bid price today 0.3p 01 Nov 2018 - "Added a few more this morning." 01 Nov 2018 - "Still well cheap and under 0.6p is a 'come and buy me'" Bid price today 0.3p Anyone who follows his pumping nonsense deserves to lose their money. I am immune to it. Always DYOR
torp
20/2/2020
18:22
Quiet over at Red Rock as they must be waiting for news from Musonoi and Mid Migori. I will be buying more at this low level on a gamble basis on the mining license and hope that AB's confidence in Kenya comes true. If the price jumps and I miss out, never mind, I've shed loads. Good fortune in your investing - good luck. PS: Gold is at US$1,617 - looking good. In fact very very good.
noirua
20/2/2020
09:40
And here is the net result of this BOD running the company as they do, imho as a pure lifestyle venture for their personal enrichment at the expense of naïve investors RRR 10yr Chart and not surprisingly it was exactly the same at their other lifestyle venture, Regency Mines RGM RGM 10yr Chart I can see no investment proposition in either company unless and until the entire original BOD are removed from post DYOR
torp
20/2/2020
09:37
Shameless Noirua yet again desperately trying to pull the old "sum of the parts" valuation con trick on readers here. It's not a relevant valuation and he knows that full well. Why? Because this greedy BOD extract a huge amount of the value of any available monies for lucrative director salaries and preposterous expenditure on Admin and other expenses. Between 2012 and 2017 this BOD raised over £15m from various share issues. In the same period they expended over £11m just on Admin and other expenses That's close to 75% of available money going to salaries and expenses. Shocking. That's where the money ends up, salaries and expenses, and that's why the FACE VALUE of any asset here is not the TRUE VALUE The TRUE VALUE of any asset or holding is the face value MINUS about 75% imho. We have already seen how last year this BOD cashed in 1.5 million of the Jupiter shares which Noirua refers to in his BS post. They didn't specifically RNS the sale of those shares, leaving shareholders to uncover it themselves from the difference in stated holdings in 2 separate RNS. Thus neither did they state what they would use the cash for that they raised so I personally assume its salaries and expenses. They have also recently cashed in about half of the RGM holding to raise cash. They previously held 6.5% and now they have just 3.77%. Jupiter shares cashed in, RGM shares cashed in . . . . this is asset stripping! This is the value of assets being sapped away by this BOD in order to pay themselves salaries and ridiculous amounts of expenses. Jupiter previously conducted 3 separate share buy-backs netting RRR over £1m in cash. Not a penny of that was passed onto shareholders here. Jupiter have also paid significant amounts of cash via dividends and again NOT A SINGLE PENNY of that has been passed onto shareholders here. The money is soaked up by director salaries and expenses. This is why the share price here always goes South and why there is a constant need to issue more and more confetti. It's all down to the BOD who imho run the company as a pure lifestyle venture. The large holders here are idiots for not removing that BOD The share will go absolutely nowhere whilst they remain. IMHO. DYOR .
torp
19/2/2020
17:30
But not as much as the sweets factory.
kemche
19/2/2020
17:29
Or possibly Amulet.
kemche
Chat Pages: 1751  1750  1749  1748  1747  1746  1745  1744  1743  1742  1741  1740  Older
Your Recent History
LSE
RRR
Red Rock R..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200223 05:05:38