ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

RRR Red Rock Resources Plc

0.0575
-0.0075 (-11.54%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.0075 -11.54% 0.0575 0.055 0.06 0.065 0.0525 0.07 124,198,674 15:09:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 0 -2.67M -0.0011 -0.55 1.49M
Red Rock Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.07p. Over the last year, Red Rock Resources shares have traded in a share price range of 0.0525p to 0.285p.

Red Rock Resources currently has 2,480,597,791 shares in issue. The market capitalisation of Red Rock Resources is £1.49 million. Red Rock Resources has a price to earnings ratio (PE ratio) of -0.55.

Red Rock Resources Share Discussion Threads

Showing 47526 to 47549 of 51850 messages
Chat Pages: Latest  1906  1905  1904  1903  1902  1901  1900  1899  1898  1897  1896  1895  Older
DateSubjectAuthorDiscuss
16/12/2022
13:48
These are the fairly up-to-date list of shareholdings. I'm not included so it shows it does not list all individuals.

Ownership - Name - Shares - Current Value - Change % - Portfolio %
15.75%
Charles Topham 204,147,627 £663.5k 0% no data
4.82%
Barclays Bank PLC, Wealth and Investment Management Division 62,491,225 £203.1k 0% no data
4.38%
Andrew McMillan Bell 56,751,015 £184.4k 9.49% no data
4.35%
Red Rock Resources Plc., Employee Stock Ownership Plan 56,383,578 £183.2k 0% 100%
3.8%
HBOS Investment Fund Managers Limited 49,282,097 £160.2k 0% no data
3.25%
IG Group Holdings Plc, Asset Management Arm 42,082,632 £136.8k 0% 0.02%
3.12%
UBS Asset Management 40,416,758 £131.4k 0% no data
2.96%
John Bolitho 38,357,187 £124.7k 0% no data
2.81%
SEI Investments Company 36,449,435 £118.5k 0% no data
2.8%
Jarvis Securities plc, Asset Management Arm 36,334,837 £118.1k 0% 0.01%
2.78%
A J Bell Holdings Limited, Asset Management Arm 36,059,913 £117.2k 0% no data
2.01%
Lloyds Banking Group plc 26,018,762 £84.6k 0% no data
1.59%
Scott Kaintz 20,586,225 £66.9k 0% no data
1.4%
Sam Quinn 18,186,191 £59.1k 0% no data
1.17%
HSBC Global Asset Management (UK) Limited 15,201,405 £49.4k 0% no data
0.93%
Charles Stanley & Co. Ltd, Asset Management Arm 12,027,810 £39.1k 0% no data
0.92%
London Wealth Management Limited 11,969,066 £38.9k 0% no data
0.69%
Close Asset Management Limited 8,962,824 £29.1k 0% no data
0.46%
Peel Hunt LLP., Asset Management Arm 5,956,547 £19.4k 0% 0.01%
0.32%
Cantor Fitzgerald Asset Management 4,130,000 £13.4k 0% no data
0.23%
Fidelity International Ltd 2,992,004 £9.7k 0% no data
0.23%
Puma Investment Management Limited 2,980,232 £9.7k 0% 0.01%
0.21%
Canaccord Genuity Wealth (International) Limited 2,751,080 £8.9k 0% no data
0.18%
Equiniti Group Limited, Asset Management Arm 2,293,628 £7.5k 0% no data
0.15%
UniCredit S.p.A., Private and Commercial Banking Arm 2,000,000 £6.5k 0% no data

noirua
16/12/2022
12:32
You have to question the motives of the HNW group who hold sway here with their >20% stake and continually support Andrew Bell - with the right backers Bell & Co could easily be removed.

History suggests they will be diluted away like every other TR1 holder who dared invest in a company with AB at the helm - they plainly do not have copious sums of cash to lose either.

Readers may like to examine the major holders (names on RRR website) and refer to Companies House, their personal balance sheets seem ultra stretched to put it politely.

Many believe AB is so well versed in losing investors money he actually enjoys it.

It costs to be stupid the more stupid you are the more it costs.

yasxii
16/12/2022
12:05
Bell has been a failure for as long as I can remember. Serial failure, serial dilution and serial shareholder value destruction.
It surprises me that he still allowed to run a company. Only on Aim.

soulsauce
16/12/2022
11:48
Glad I gave this one a swerve.Bell is serial failure in my eyesAnyone who thinks otherwise should look at RGM and the total destruction of shareholder value that took place
gozo
16/12/2022
11:36
Remain calm as Diversified Metals Holdings can only buy in the market at present prices, or increase the loan at 0.7p for one month after the loan was granted. The possible problem after that is if the middle price falls below 0.3p when they can increase the loan as they please at 0.2p.
My personal view is the loan structure is very good provided the share price remains at 0.3p or higher.
The DRC sum sought is not less than $7.5m and the Elephant Oil eventual IPO will be worth £1.5 million and can be sold 180 days after it comes to market on the NASDAQ.
People have differing points of view or even hidden humour. I cant see problems of any great concern myself - good luck.

noirua
16/12/2022
11:00
Lifestyle ceo..
neo26
16/12/2022
10:13
As long as he has Helpfull's clients danglies in a vice like grip he can continue with the charade. No one can stop him. There are always more muppets to fall for the spiel.

GLA LTHers!

Is that 36 fundraises now? Only 17 more to go.

kemche
16/12/2022
10:06
He is one of the finest operators in the market. Been doing it successfully for nigh on 20 odd years. Good man.

Classic treeshake to let in all the shrewd buyers in on the cheap. Lucky LNW individuals!

kemche
16/12/2022
10:01
To pay his wages.. Chuck Bell out..
neo26
16/12/2022
10:00
Totally destroyed shareholder value here, Bell has this company for his lifestyle perks.How he sold down rrr holdings in the aussie company which gave decent divi, invested steelmins or whatever they called which went bust.Sold shares higher up cos he wanted to buy daughter a house.Unbelievable
neo26
15/12/2022
17:07
I love a bit of death spiral finance ;-)
terminator101
15/12/2022
14:07
Really good in raising fund
1choip
15/12/2022
12:38
They have already been issued 2 tranches of shares. For starters they will be very keen to offload the 17million shares they received as a fee to convert this into cash
sclper
15/12/2022
12:06
Simplified to the RNS.
The Company will initially raise US$500,000 by way of a subscription by Diversified Metals Holdings, LLC for new shares to a value of US$548,000 [0.70p a share]. To be admitted to trading on AIM on 19 December 2022.

Diversified Metal may make an additional advance of US$1,000,000 by way of a further subscription for Shares to a value of US$1,098,000, within the next 18 months.

Subscriptions prepaying for Shares to be issued as requested, in one or more tranches, within twenty-four months of the date of the placing, at the Subscription Price, but subject to the Floor Price, as set out below:

The Shares will initially be equal to 0.7p per Share. Subject to the Floor Price described below:

The Price will reset after the initial month to the average of the five daily volume-weighted average prices selected by the subscriber during a twenty -day period immediately prior to the date of the subscriber's notice to issue Subscription Shares, less an 8% discount - rounded down to the nearest tenth of a pence.

If the share price is at or below 20 pence, half a pence if the share price is at above 20 pence and at or below 50 pence, or a whole pence if the share price is above 50 pence -
It means if the share price fell to 0.29p shares would be issued at 0.2p the floor price - concerning as Diversified Metals can sell shares into the market at a weak point. Manipulation might occur.

Red Rock can refuse to issue the shares and repay cash at a 9% premium if the formula used results in a price of less than 0.2p.

The Company will also have the right (but no obligation) to forego issuing shares in relation to the Subscriber's request for issuance and instead opt to repay the applicable subscription amount by making a payment to the Subscriber equal to the market value of the shares that would have otherwise been issued.

The Subscriber has agreed to certain, substantial, limitations on its ability to dispose of the Shares it receives. [ What are these limitations????????? ]

Diversified Metals is precluded from shorting the Company's Shares.

The Company will issue to Diversified Metal the 17,000,000 Shares (the "Fee Shares") (being the equivalent of GBP66,300 at the latest closing price on AIM 0.39p) in satisfaction of a fee. To be admitted to trading on AIM on 19 December 2022.

Admission to Trading on AIM and Total Voting Rights

The Company has also applied for admission of the Initial Subscription Shares to trading on the AIM, and this is expected to become effective on or about 19 December 2022.

Conclusion: RRR shares are safe as far as selling is concerned beyond the norm until Diversified Metals elects to buy more shares under the formula. As they can do this at any time it is up to investors to set their own gambit. If RRR obtains money from the DRC Arbitration and Elephant Oil IPOs then expect them to grab profits very quickly - get ready for fun and games.
Overall this is quite an acceptable move by Red Rock. Usually, I would criticise cash raisings but not this one. AB and Co have been quite clever enough here.

noirua
15/12/2022
11:21
Hetties littLe Christmas gift to his shareholders...
alannlane
15/12/2022
10:27
The 98 shares were a buy.
kemche
15/12/2022
10:05
I'm already saving up for the next fundraising.
kemche
15/12/2022
09:55
It needs really positive news to stop the share price sliding further. Anyone that buys shares now will know that Diversified Metals Holdings will be on the other side of the trade and most people won't be willing to take the risk. These types of death spiral finance facilities where the provider can sell at a discount to the current share price makes it very risky for people to invest and greatly limits the potential upside
sclper
15/12/2022
09:38
I continue to average down.
kemche
15/12/2022
09:36
Ace of Wands- Inverted.

Reversed Ace of Wands Meaning
The reversed Ace of Wands indicates trials and tribulations that you will face in the near future. You might not have any direction, which leads to being uninspired or unmotivated. At this point of your life, you might not know what you really want to do. You don’t know how to get out of the slump.

algernon2
15/12/2022
08:40
This should see him through to March at the very least.
kemche
15/12/2022
08:24
And then came the death spiral...
alannlane
15/12/2022
08:17
A lanstead style death spiral and possibly the 32nd fundraising. All the LNW investors will be giddy at the prospect.

GLA LTHers!

A true game changer. And so unlike the fat man.

kemche
15/12/2022
08:08
It's a death spiral finance deal. The premium is just nonsense to try to fool mug punters. The share price will be destroyed by the subscriber dumping shares unless the arbitration award comes in from DRC which looks low probability at the moment
sclper
Chat Pages: Latest  1906  1905  1904  1903  1902  1901  1900  1899  1898  1897  1896  1895  Older

Your Recent History

Delayed Upgrade Clock