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% 0.45 0.40 0.50 0.45 0.45 0.45 300,389 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 0.1 0.0 22.5 3

Red Rock Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
11/6/2019
17:20
Free the Torp 1! Great, so you will have absolutely no need to post over me now as I once again provide the salient facts that you refuse to give people: 1. Cash in bank at 31st Dec was just £27k (see Half Year Report) 2. Current Liabilities at 31st Dec were £2.7m (see Half Year Report) 3. The BOD expend approx £850,000 a year just on Admin Expenses (see Full Year Report) 4. They also spent £306,666 on "Other Project Costs" last year 5. There must also be normal project costs and other funding requirements Against that: 1. They recently raised £323k via a dilutive placing at 0.51p 2. They received about £250k from the Jupiter divi and may receive a further £300k divi With little to no income that creates a sizable funding challenge imho. Dilution is imho inevitable The company has already established authority to issue up to 400m more shares here in 2019. Confetti placings and CLNs is what this BOD do. There are about £900k's worth of outstanding Convertible Loan Notes and plenty of warrants to boot. Half Year Report https://www.investegate.co.uk/red-rock-resources--rrr-/rns/half-year-report/201903290700054012U/ Full Year Report https://www.investegate.co.uk/red-rock-resources--rrr-/rns/annual-financial-report-2018/201811231434113770I/
kemche
11/6/2019
17:12
Gosh Noirua, you lasted a full 27 minutes without then posting more meaningless drivel to ensure my post was not the last on screen!!! Readers will see how utterly desperate you are to suppress the facts I'm sure. Bottom line, dilution is inevitable. Everyone knows it imho. Your "jam tomorrow" rhetoric isn't going to change it, nor will it, imho, lure in many mugpunters because there are now so many years of established dire history here that most know the score with this BOD. Confetti, confetti, confetti. Shame on you
torp
11/6/2019
14:50
Musonoi - AREA 1 PE4962: -- Formation of a joint venture company between Red Rock, BRO and local partner Vumilia Pendeza SA in the proportions 50.1%: 29.9%: 20%. https://uk.advfn.com/stock-market/london/red-rock-RRR/share-news/Red-Rock-Resources-plc-Cobalt-Copper-Joint-Venture/78743093
noirua
11/6/2019
14:23
Great, so you will have absolutely no need to post over me now as I once again provide the salient facts that you refuse to give people: 1. Cash in bank at 31st Dec was just £27k (see Half Year Report) 2. Current Liabilities at 31st Dec were £2.7m (see Half Year Report) 3. The BOD expend approx £850,000 a year just on Admin Expenses (see Full Year Report) 4. They also spent £306,666 on "Other Project Costs" last year 5. There must also be normal project costs and other funding requirements Against that: 1. They recently raised £323k via a dilutive placing at 0.51p 2. They received about £250k from the Jupiter divi and may receive a further £300k divi With little to no income that creates a sizable funding challenge imho. Dilution is imho inevitable The company has already established authority to issue up to 400m more shares here in 2019. Confetti placings and CLNs is what this BOD do. There are about £900k's worth of outstanding Convertible Loan Notes and plenty of warrants to boot. Half Year Report https://www.investegate.co.uk/red-rock-resources--rrr-/rns/half-year-report/201903290700054012U/ Full Year Report https://www.investegate.co.uk/red-rock-resources--rrr-/rns/annual-financial-report-2018/201811231434113770I/
torp
11/6/2019
14:10
My posts are usually short so as not to bury anything. New information would be on Mid-Migori and Musonoi.
noirua
11/6/2019
14:05
Readers should note how quickly NOIRUA tries desperately to bury realistic/factual posts here with his endless drivel. Do not be swayed. Be sure to acquire the facts. Note that he doesn't dispute any of the facts I posted. He simply doesn't want readers to see them.
torp
11/6/2019
14:01
AB seems to have traded well. Grab some profits and dont ever invest more than you can afford to lose. If you do one becomes bitter and twisted posting negative for years and years.
noirua
11/6/2019
13:56
Noirua persists in trying to mislead. The Jupiter shares held here are NOT imho "easily tradeable" because Bell sits on the board of Jupiter. It would look awful to the Jupiter markets for a Jupiter director to sell the shares imho. Regardless, there is well established form in this respect. RRR previously held over 74m JMS shares some years ago and they were worth over £25m at one point. Bell was clearly very reluctant to sell the shares and mostly sat on them whilst the JMS share price tanked. Noirua is fully aware of this of course. This is how Bell "managed" the JMS shares on behalf of shareholders here: On 30th Mar 2011 - he sold 5m shares for a gross consideration of AUD 2,750,000 (55c a share) On 17th Oct 2012 - he sold 14m JMS shares for gross proceeds of AUD 1,540,000 (11c a share) On 5th July 2013 - he sold 40.5m JMS shares for gross proceeds of AUD 2,836,852 (7c per share) On 14th Jan 2014 - he bought 7,650,000 shares for a cost of AUD 428,400 (5.6c per share) Jupiter then delisted. As can be seen above it was imho an utterly appalling display of "investment management". The lion's share were sold off for an absolute pittance. Instead of having a tasty £25m cash in the bank, he squandered the "investment" and was ultimately forced to sell for a pittance. That imho is the result of being a Jupiter director and having that conflict of interest. Having perpetrated this catastrophic situation Bell then embarked on years of devastating dilutive placings to raise cash, utterly destroying the share price in the process. HAd he simply sold the shares for a great price, that would never have been necessary. There is no reason to my mind to expect Mr Bell to act any differently now. Most of the assets here are worthless. Greenland sold for £1, Shoats Creek now written off, Steelmin in Administration etc etc. The Jupiter shares are deemed the "crown jewels" and always have been imho. Hence Bell is unlikely to ever sell them. They are needed as carrot dangling bait to get investors in here. Believe what you will . . . but be sure to DYOR
torp
11/6/2019
13:38
Lots of negativity there Torp and very well done - once again that is. We wait though on the outcomes in DRC and Kenya however. You forgot the easily tradeable shares worth around £3.7 million and less so worth around £3 million upwards; gold royalties and iron ore royalties. Not forgetting all those past losses around £50 million worth about £10 million against future profits.
noirua
11/6/2019
13:19
Same old spiel from the shameless stock pumpers here, don't get fooled imho. All the salient details they deliberately leave out every time. Here are the facts that all should be aware of: 1. Cash in bank at 31st Dec was just £27k (see Half Year Report) 2. Current Liabilities at 31st Dec were £2.7m (see Half Year Report) 3. The BOD expend approx £850,000 a year just on Admin Expenses (see Full Year Report) 4. They also spent £306,666 on "Other Project Costs" last year 5. There must also be normal project costs and other funding requirements That's a significant amount of funding needed to cover liabilities and keep the BOD in the lifestyle they are accustomed to. Against that: 1. They recently raised £323k via a dilutive placing at 0.51p 2. They received about £250k from the Jupiter divi and may receive a further £300k divi With little to no income that creates a sizable funding challenge imho. Dilution is imho inevitable Fantasy "jam tomorrow" rhetoric doesn't pay the bills I'm afraid. The company has already established authority to issue up to 400m more shares here in 2019. Confetti placings and CLNs is what this BOD do. There are about £900k's worth of outstanding Convertible Loan Notes and plenty of warrants to boot. In terms of company projects 1. Greenland has now been sold off for just £1 2. Shoats Creek is a failure and now being written off 3. Steelmin is a failure and is now in Administration leaving a £1.1m debt to RRR which will not be recoverable imho. 4. Last reported El Limon gold royalties were (imho) meaningless at just $13,658 for the March 2018 quarter. This is imho nothing but a "lifestyle" confetti generating machine for the BOD. Be sure to DYOR Half Year Report https://www.investegate.co.uk/red-rock-resources--rrr-/rns/half-year-report/201903290700054012U/ Full Year Report https://www.investegate.co.uk/red-rock-resources--rrr-/rns/annual-financial-report-2018/201811231434113770I/
torp
11/6/2019
09:13
" the Directors believe, having considered all available information, including the Company's proven ability to raise further equity funds from its supportive shareholder base, that the Group will have sufficient funds to meet its expected committed and contractual expenditure for the foreseeable future." Proven - by the bucket loads. And so it continues. Plus ça change, plus c'est la même chose.
kemche
11/6/2019
08:40
ABM Interim Results: https://uk.advfn.com/stock-market/london/african-battery-metals-ABM/share-news/African-Battery-Metals-PLC-Interim-Results/80106311 AFRICAN BATTERY METALS AIM:ABM Red Rock holds 25,000,000 shares 6.89% -
noirua
11/6/2019
05:18
I know, dont worry about it. If not a shareholder what are you doing here, little liar?
goldfund
11/6/2019
00:47
Goldfund, I have lost nothing on RRR, I live in Perth and am a JMS shareholder who just likes winding you up, you write so much BS about 25 years investing but you didnt even know that JMS only own 49.9% of Tshipi, keep it up I love it.
new_scally
11/6/2019
00:28
TSHIPI SIGNS AGREEMENT WITH SOUTH32 TO MINE BARRIER PILLAR 11 June 2019 Https://www.jupitermines.com/cproot/909/3/20190611%20Tshipi%20Signs%20Agreement%20with%20South32%20to%20Mine%20Barrier%20Pillar.pdf
noirua
10/6/2019
21:46
Check RRR twitter feed
replicas1967
10/6/2019
21:04
Im here and Im happy with my investments in RRR. Whats wrong, losers (ex wifes club)?
goldfund
10/6/2019
16:11
Where is goldfund, neo et al
new_scally
10/6/2019
13:48
12% true spread at the moment. Should move down to 0.55p to buy soon unless an RNS comes out of the blue. That's the risk one takes on selling.
noirua
10/6/2019
10:27
An update would be in order!
clunes100
10/6/2019
10:10
Fundraise Noirua?
kemche
10/6/2019
09:02
We are in DRC planning next steps in exploration - also preparing for DRC Mining Week in Lubumbashi in 2 weeks time. https://twitter.com/RRR_RedRock/status/1136610000053440512 This tweet from 4 days ago does appear neither here or there. It does seem as if trying to delineate information from the previously drilled 83 holes is probably to hand but only for some of the results. Investors were hoping for full assay results from all of the 83 holes drilled. If not all then a need to set out and describe what has been achieved so far. A drilling campaign will be expensive with cash reserves quite low due to a flurry of cash being used up or loaned in the last half year. It is 4 months or more away before cash comes in from Jupiter. The Kenya Mid-Migori license application is another to think about.
noirua
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