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VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing Watch here

VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing


Red Rock Resources Share Chat (RRR)



Share Price: 0.70Bid: 0.65Ask: 0.75Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.10Spread as %: 15.38%Open: 0.70High: 0.70Low: 0.70Yesterday’s Close: 0.70


Share Discussion for Red Rock Resources


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lemonade
Posts: 5,956
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: MTR
Today 15:28
Yep, looks like the death by 1000 cuts, and slow drip of MTR's stock into the market that MR Magic predicted on Monday lasted all of 2 days.
Seller gone,, bodes well imo
 
booboobooboo
Posts: 720
Off Topic
Opinion:No Opinion
Price:0.70
MTR
Today 15:24
Dumping their 61m holding?
Helpful
Posts: 4,840
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 14:52
SkippBill
Posts: 89
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 13:32
Booboo, try tis from RGM

Regency Mines Plc

("Regency" or "the Company")

Further and Final Sale of Shares

15 September 2017

Further to the announcement of 1 September 2017, Regency Mines Plc, the natural resource company with interests in oil and mineral exploration and development, announces that it has sold the remaining balance of 6,826,158 shares in UK Oil and Gas Investments PLC ("UKOG") at an average net price of 8.20 pence per UKOG share for a total net consideration of £557,080.
booboobooboo
Posts: 720
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 13:23
But how did they repay $500k i.e. where did they get that money from?
Helpful
Posts: 4,840
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 12:39
It is worth going back to reread the original Steelmin RNS. In effect RRR is getting 13% interest on the $500k it has just repaid.
lemonade
Posts: 5,956
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 12:34
to be fair Magic, when you buy a house , you don't pay 1 years interest on your first monthly payment..Not quite sure what you were expecting to happen here?

a few nice buys since the rns,,, maybe some dumb pi's just figured out that Tshipi is kicking off over $10,000,000 / month free cash.... oooohhh
lemonade
Posts: 5,956
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 12:25
morning Magic.. thanks for your comment. ;-),,, just a bad rns then? ;-))))))))
MrMagic
Posts: 10,626
Observation
Opinion:No Opinion
Price:0.70
RE: RNS
Today 12:20
Today's RNS: - "Red Rock borrowed $4,230,750 from a group of Investors "

July 3rd RNS: - "To fund the Loan, Red Rock borrowed $4,230,750 (now adjusted to $4,400,000)"

Poor show not using the adjusted figure in the RNS

The loan was borrowed : - "on a secured basis for a term of one year bearing interest at 13% p.a"

13% of $4.4m is $572,000

Today's RNS says RRR have paid $507,156 off that loan. i.e. not even 1 years interest.

Suggest the rampers come back when the loan is paid off.
Helpful
Posts: 4,840
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: RNS
Today 11:39
NB as RRR repays the loan it pockets the interest that would otherwise be paid away. So 1% pm on the equity plus an increasing share of the interest.




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