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Red Rock Resources Share Chat (RRR)



Share Price: 0.925Bid: 0.90Ask: 0.95Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 5.56%Open: 0.925High: 0.925Low: 0.925Yesterday’s Close: 0.925


Share Discussion for Red Rock Resources


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maestro1
Posts: 4,058
Off Topic
Opinion:No Opinion
Price:0.925
RE: Hello Maestro, you was filtered
Today 17:49
for some reason on my computer browser i can see your post logged in, but on my phone they are filtered.
 
maestro1
Posts: 4,058
Off Topic
Opinion:Strong Buy
Price:0.925
RE: Nerve jangling time
Today 17:48
who was going to pay for the reconditioning of the furnaces?

The first furnace has been reconditioned, ferrosilicon is being sold for 1550 per ton, the furnace capacity is 29000t per annum.

Lets see, who has the last laugh...
matlot
Posts: 22,122
Off Topic
Opinion:No Opinion
Price:0.925
RE: Nerve jangling time
Today 17:38
oh how exciting rrr has 22% of steAlmin - this is what 22% of stealmin is it is 22$ of a 6.8M EUR debt................

awful books

https://beta.companieshouse.gov.uk/company/07734349/filing-history/MzE3Mzk2Njg4OWFkaXF6a2N4/document?format=pdf&download=0
zumore
Posts: 4,557
Off Topic
Opinion:No Opinion
Price:0.925
Hello Maestro, you was filtered
Today 17:29
but when i was logged out that allowed me to see your post. So because i'm a nice guy who easily forgives i've took you off my filter. So now i can see your posts again. :)

In my opinion this 8 month loan extension would now be seen as a big failure because in Red Rock's 18th January RNS we were told that Steelmin were attempting to raise sufficient money to quickly pay back there full loan to RRR. So if in the coming week we learn that Steelmin failed in raising sufficient money to repay RRR and are instead going to the 8 month extension, then us learning that Steelmin are still struggling to raise money in my opinion could only be seen as a serious negative.

Mr Bell being on the Steelmin board would know how much Steelmin did manage to raise but would he sit on this price sensitive information or would he fully disclose to PIs how much money Steelmin did manage to raise? It would be vitally important we were told because if Steelmin didn't raise enough money to be able to make monthly repayments to RRR and Bell didn't disclose this price sensitive information to PIs then that would in my opinion be huge market abuse. Hopefully he would fully disclose to shareholders how much (if any) money Steelmin raised.

On the topic of market abuse. In the near future i may retire from investing on AIM. If i come back to investing on AIM in a few years time i would hope that the FCA had cleaned up their act and some of the more dodgier AIM chairman (i won't mention any names) had been found out and were now behind bars and were now serving some hard time in prison.

Oh i can but hope. ^^^
maestro1
Posts: 4,058
Off Topic
Opinion:Strong Buy
Price:0.925
RE: Nerve jangling time
Today 17:24
im sure rrr can find C.$370k per month from somewhere..

Jupiter share buyback £364k
Jupiter IPO liquidate 25% of our shares in company c. £1.5m-£2m
El Limon Loan returned in April $750k

Not the end of the world, HOHOHOHOHO!
ABSLOVECHILD
Posts: 1,399
Observation
Opinion:Strong Sell
Price:0.925
RE: Nerve jangling time
Today 17:16
And how will this months payment be repaid to Yorkville?

More confetti than at Manioli's wedding !!!
colinH100
Posts: 1,908
Observation
Opinion:No Opinion
Price:0.925
RE: Nerve jangling time
Today 17:01
If production starts up next month you may be correct. If not we will have 30% of sfa.
maestro1
Posts: 4,058
Off Topic
Opinion:Strong Buy
Price:0.925
RE: Nerve jangling time
Today 16:50
these derampers can continue talking waffle, read the rns for the terms of the loan dated 23/06/17.

-Note carries a 13% interest rate with a three month repayment holiday and 75% of the loan to be amortized over 8 months leaving a 25% bullet at 12 months

BUT LOAN CAN BE EXTENDED!!

-Loan offers an additional term of 8 months available for a 5% refinancing fee and amortized monthly..

Same with Steelmin they will have to amortized monthly to us just like we will have to with Yorkville. So not all doom and gloom like the muppets here scaring investors. We have already managed to get 22% of Steelmin through this deal and should they extend we can get upto 30%. Production is hopefully next month, in USA ferrosilicon is trading at $2500 per ton, here in europe it is $1550, the first furnace is expected to produce 29000t per annum and once they upgrade the second one it will be close to 50000t per annum.

This will be like a gold mine to us, just watch!!!!!!!
zumore
Posts: 4,557
Off Topic
Opinion:No Opinion
Price:0.925
RE: Nerve jangling time
Today 15:34
Of course that dreadful RNS sometimes doesn't arrive because he just keeps quiet and doesn't talk about it again.
zumore
Posts: 4,557
Off Topic
Opinion:No Opinion
Price:0.925
Nerve jangling time
Today 15:30
for the week ahead. Will Steelmin pay back the full loan or won't they?

Unfortunately over the years in Mr Bell's companies this is all too familiar. You take the risk, believe what Andrew Bell tells you, then more times than not you usually get a dreadful RNS and you clutch your head in despair and ask yourself "Why oh why did i believe that lying toerag?"

Never like to see my fellow shareholders lose (because AIM can be nightmarishly difficult enough for those PIs who have no influence over others). So i personally hope that RNS that PIs want does arrive. I'm not overly confident it will but let's hope it does.




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