Red Rock Resources Share Discussion Threads

[kemche] 02/4/2024 13:13

"This BoD has made a series of shareholder value destroying decisions. Their arrogance in now maintaining radio silence while the market punishes the share price and the complacency of the larger shareholders in allowing them to remain in place just astonishes me."

As though it was almost written for this board. Spookily uncanny! And not gnomic in the least.

[kemche] 02/4/2024 13:08

Your case must have been tired.

[arlington chetwynd talbott] 02/4/2024 13:06

I rest my case.

[noirua] 02/4/2024 09:40

Gold is building to challenge $2,300. DRC does look to be a questionable outcome situation for Red Rock. You pay yer money now on a placing versus a gold asset sale tinged with a DRC result - your call.

[arlington chetwynd talbott] 02/4/2024 07:09

Most of your posts are gnomic word salad. What is the point of that?

[noirua] 01/4/2024 23:57

RRR COAL LTD

Company number 11857467
Confirmation statement overdue

Next statement date 3 March 2024
due by 17 March 2024

Last statement dated 3 March 2023

[kemche] 01/4/2024 21:19

Does anyone know the reason for the change in classification between the "revaluation reserve" and "other reserves" in RRR coal between 2022 and 2023?

[kemche] 01/4/2024 19:43

Care to explain how I am wasting my time? You seem to be happy keeping me company.

[arlington chetwynd talbott] 01/4/2024 18:40

kemche - it is your time you are wasting.

[kemche] 01/4/2024 17:19

ACT, would you categorise 20 years as time wasted?

[kemche] 01/4/2024 17:14

"kemche - time wasting is certainly permissible; it is just not laudable."

ACT, would you categorise thievery as laudable?

[noirua] 01/4/2024 16:40

People's views on companies and management will matter differently depending on whether a person is principally an investor or more of a Trader. Also if a person invests only in UK shares or in many other countries like myself.
Usually, I'm lucky here and there and Wildcat Resources ASX:WC8 rocketed last year. Riot Platforms Nasdaq:RIOT together with Marathon Digital Nasdaq:MARA did me several favours.
We can all mess things up as I bought a lot of Buxton Resources ASX:BUX at 10c and they rose to 27c but I did not sell and they now sit at 11.5c blast it.

So only invest, not necessarily what we can afford, what we can stomach without taking it out on others because markets went wrong or in some cases, 'useless' directors making pathetic decisions or even worse...
On that though things can change. Two directors of Felix Resources ASX:FLX were hailed as best directors in 2009 the company having risen from A$10m M/C to be taken over for A$3.4 billion. Then they joined White Energy ASX:WEC and they turned a share price of $4.20 to 0.15c after allowing for a 1 for 30 consolidation. I think that decline beats Red Rock's. Have they resigned? Well one retired as Chairman at the age of 93 and the other is now Chairman and MD so promoted it seems.

Good Luck for the rest of 2024.

[noirua] 01/4/2024 13:15

Meanwhile, the gold price continues in an upward trend - see header for charts.

[noirua] 01/4/2024 13:14

The FCA appear uninterested in microcap and small cap companies particularly on the AIM market. They probably see that Nomads are there to keep companies in line with FTSE AIM rules and regulations.

Commercial Litigation and Dispute Resolution


Shareholders Agreement

A shareholders’ agreement is an agreement between the shareholders of the company and the company itself and will normally give to the shareholders more rights than those set out in the company’s Articles of Association.

Derivative Proceedings

As only the company and not an individual shareholder can bring action against an errant director, a shareholder may look to bring what is known as a derivative claim against the company. The allegations must be against those in control of the company.

Companies Act 2006

Where director of directors have acted so as to prejudice minority shareholders, those shareholders may bring a claim for unfair prejudice against the directors under the Companies Act 2006. The claim may often be that the directors’ actions have led to a reduction in the value of their minority shareholdings. The shareholders must demonstrate that the conduct of the majority was both prejudicial and unfair.

[arlington chetwynd talbott] 01/4/2024 12:43

kemche - time wasting is certainly permissible; it is just not laudable.

[dead duck resources] 01/4/2024 12:41

I find myself agreeing with the honourable gentleman from Arlington Street, the self-indulgency must stop. Down with CEO lifestyle companies in the guise of mining and other self-indulgent enterprises.

As a courtesy to loss-making investors we call for a reversal. This April Fools Day I petition the CEO to invest his Red Rock wealth from exorbitant salary and bonuses back into the Company and then redistribute this to shareholders as a special dividend as partial recompense for losses.

[captain_kurt] 01/4/2024 11:33

Hopefully the placing mentions the immediate nature of the DRC conclusion

[kemche] 01/4/2024 11:28

"surly we should expect RNS update this week" Waiting for a DRC update is enough to get anyone surly surely?

[kemche] 01/4/2024 11:23

TDC/H5O - rightly warning, yet again, of the naked shorts being operated by entities. He has been at pains to warn against such a thing for years now only to fall on deaf ears. He points to the multi billion $ lawsuits about to commence in Australia and Canada to rid the market of this scourge.

Ettie has been warning here for some time too for the entities to lawyer up and yet they take not a jot of his repeated warnings. All the promises made over nigh on 20 years are deliberately ignored with the same cries of "but where's the bad commentary? We demand yet more bad commentary". 94 bad commentaries are apparently not sufficient for these miscreants and they clamour for more. What is the poor bloke to do apart from succumb to such a voracious appetite for "liquidity"?

Over time I have seen my investments in such illustrious companies as CRCL, VAST, RRR, ECOB, CHLL, ICON, VRS, RTOP, RCGH, UKOG, BIDS, TOM, SLYME, TERN, PPP and a host of others utterly decimated by this scourge of entities. And yet the FCA, UKAIM, and the government ignore this blatant theft of shareholders' hard earned money. Are we to believe the preposterous suggestion that the various esteemed gentlemen who sit on those boards are incompetent - or even worse, dishonest???? What a laughable and ludicrous notion!

Are we to disbelieve 20 years of promises - the candy factory, the cloud computing, the escrow money in a Cypriot bank, Amulet, Steelmin, Shyte Creek, 5 Chinese buyers, exports of lithium, loans in obscure subsidiaries etc????? The sheer imminency of it all!

[noirua] 29/3/2024 00:36

Elephant Oil on TwitterX:

Have lithium prices bottomed out?
Lithium Market Sees Boost in Investment: Has the Price Bottomed Out?
avatar
Moomoo News AU · Mar 27
Over the past two years, lithium prices have demonstrated volatility by
reaching record highs in 2022 and then experiencing a significant decline in 2023.
The prices have finally seen a rebound, accompanied by a notable uptick in investment
activity within the industry, signalling enhanced market sentiment and demand.
Key highlights of these activities include:


---

SOMA GOLD and EL LIMON - RED ROCK ROYALTIES
PAGE 10 and 15:

Located 10 km south of the el Limon Mill - on PAGE 15
Ø Mostly paved road to el Limon and el Bagre mills
Ø High-grade intercepts and channel samples > 25 gpt
Ø New drill program has commenced with wide vein intercepts
Ø Fully permitted mine that requires limited capex to put back into
production

T S X V : S O M A / / O T C Q B : S M A G F - on PAGE 10
El Limon Mill
Ø 225 TPD capacity currently on Care and Maintenance
Ø Fully permitted to 400 TPD
Ø RPP License from Gov’t of Colombia
Ø 15 km south of el Bagre in town of Zaragoza
Ø Close to the Machuca Mine
Ø Scheduled to re-start in Q2 2024

[noirua] 28/3/2024 16:39

Jolly good post kemche and I enjoyed it once again. Keeps us in the Land of reality and
those without a history of events may be confused - not such a bad thing.

I edged my holding up to 25m shares though it doesn't matter much anymore I suppose.
A few years ago when Red Rock shares were 1.2p the holding would have been worth
£300,000 and now at bid 0.055p just £13,750.

The Gold price is rocketing so great if it holds on to gains.

Good luck at Easter one and all.