I find the trolls very amusing... Dougal and the magic matlot and co they go around and around in circles never getting anywhere or posting anything new, stuck in past making themselves dizzy. This board wouldn't be same without them. I look forward to telling them all i told you so! You mention the dividends, they are an indication of the size of asset at Tshipi a world class manganese resource and Jupiters value. Jupiter are looking to re float on ASX or sell there stake in Tshipi. Its my strong opinion that our 1.2% stake in Jupiter is now worth £10 million sterling at the very least, possibly a lot more, have done my research here. Not sold a single share in fact added to holdings by over 25%. Either these trolls are trying to deramp share price shake weak holders out of their profitable positions or they are clueless, am not quite sure which, either way they give me a lot to chuckle about. :-) Cue zeberdee for next bounce in rerate after the recent failed deramp, just a matter of when :-) shhhh.
evening isd - i havent posted much on here and missed your post till tonight because as we all know it is the same old rrr - nothing changes does it no point trying to belittle my post because you know you are in for the ramp till you sell again - funny that coming from one of the biggest rrr derampers ever anyhow it was a spike - not all spikes are hours - it was the usual rrrr quick build up spike over a few days now on the back foot - my .8 was not broken as predicted and will not be feel for those who bought in here too high and locked in now or selling at a loss and beware those spokes are tiny nowadays and when those wake up and try to sell they will find they cannot sell - you know how it goes could do this blind fold now with rrr........................................
HawaiifiveO - "Let alone all the other cash generative projects"
The LM#20 well at Shoats Creek is producing a mere 20 barrels of oil per day net to RRR (RNS 14 July), maybe slightly more now. We await revised production figures. It has been a huge disappointment given the early rampy test results of over 300 bopd.
The small 3% NSR of royalty from El Limon is also not particularly impressive. US$6,135 was received for the first 2 months of that royalty (RNS 5th Sep). We await the figures for last quarter. Para hope to increase production next year, but as always, I will wait to see what actually transpires.
"A £530k dividend is expected shortly from Jupiter"
Yes, a welcome bit of cash but not expected until March 2017, 3 months from now and is likely to be in the form of an equal access share buy-back. In terms of the valuation of the Jupiter holding, the company stated this in the Annual Report just published:
"the corresponding 9.8 cents per share value implies that the Company’s holding in Jupiter Mines is valued at AUD 2.68m (£1.30m)."
A somewhat different valuation to that which you are suggesting. I am mindful that AB is a director of Jupiter and as such will know what is going on there including any progress with Tshipi. The Manganese price hasn't changed a great deal since March this year so that doesn't appear to be a factor to radically change RRR's valuation. (Manganese chart: http://www.infomine.com/investment/metal-prices/manganese/1-year/)
In making that £1.3m valuation the company stated that it had taken into account EVERY Jupiter share transaction between the de-listing date in January 2014 and the 2015 financial year-end. It also contacted Jupiter to enquire if there were any subsequent transactions up to 30 June 2016 and there were none. Hence the valuation of £1.3m remained.
The Annual Report just published highlights some key figures for the year up to 30 June 2016 including:
Total Loss for the year of - £283,280 Directors' Emoluments £270,873 Admin Expenses £758,351 Wages and salaries £284,473 Total staff costs £427,494
This for 4 Executives and 1 Administration staff member
Good luck with your punt HawaiifiveO, but I'm afraid I can't share your uber optimistic numbers at this stage.
The BoD has got a lot of work to do to restore market confidence this is not a lifestyle company. Let's see how the Jupiter divi is allocated post March. RRR history would suggest to you performance related pay, SIP etc.
Ignore the trolls, mostly MTR bashers, and focus on the tiny market cap (£2.8m) verses the upcoming dividends from Jupiter Mines. Let alone all the other cash generative projects.
A £530k dividend is expected shortly from Jupiter and another dividend is expected within the financial year, lets say conservatively £250k, based on an average sector yield of 2.5% that would value RRR's stake in Jupiter at circa £30m.
Even if one halves that number to £15m, for arguments sake, it would value RRR at 3.2p per share and that is based on Jupiter alone.
There is significant upside here make no mistake, no wonder HNW investors are buying in. 2017 will be a very good year for Red Rock.
I'm still that lovely young lady you once knew and can you help as i'm still in distress. (maybe one day you could buy me a new one) In the mean time some disgusting fellow has stolen my LSE password and is posting some shocking words like RRR and RGM. Can you forgive me he is also using the word, i dare not say but i must ......placing.............I'm in such a total complete state of shock that i gave myself a wedgie hoping i could snap out of it, for the record it hasn't helped....that much.
When I cast my mind back to when I first appeared in 2013 I remember Isdeer being the biggest deramper on this whole forum. I'm sure many still remember Isdeers unrelenting deramping on the REM thread.
Forget RRR and AIM, here is a list of disgusting shockers for you. 2 in the pink, 1 in the stink; two in the grass one in the ass; two in the **** one in the butt; two in the koot, one in the boot; going to town with one in the brown.
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