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EXCLUSIVE: BlueRockDiamonds #BRD set for a strong 2018


Red Rock Resources Share Chat (RRR)



Share Price: 0.975Bid: 0.95Ask: 1.00Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 5.26%Open: 0.975High: 0.975Low: 0.975Yesterday’s Close: 0.975


Share Discussion for Red Rock Resources


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zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.975
...........
Today 14:07
Regarding the poster formerly known as Cityfan (or Vini). I know he was posting on the LION and PREM thread and glancing through the new posters i would say looking through this posters posts (from Monday and before) http://www.lse.co.uk/member-info.asp?page=1&nick=Covert and i would say i'm 99.9% sure Vini is now the poster "covert"

Do those who are familiar with his posting style think it's him?
 
zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.00
Regarding the recent UK investor
Today 12:34
show. From viewing twitter (i am not a member of twitter) Bell apparently had 3 separate attempts at promoting RRR at the UK investor show.

(1) He did an RRR presentaion.

(2) He took part in a childish "Dragon den" type game when Bell and other AIM company bosses pitched their companies to pretend a "Dragon den" panel and the panel then decided who was the winner. From viewing twitter Bell did a pitch on RRR but didn't win.

(3) He apparently sat on a panel and talked about how a company can make money in Africa. So i'm guessing he again tried to promote RRR when he sat on that panel.

By the lack of RRR price action this week i'm suspecting not many who watched live his three UK investor show appearances (plugging RRR) decided to invest in RRR. When those three videos are eventually released i again don't expect a deluge of PIs investing in RRR. I think that because i'm sure an huge number of PIs remember Bell's past (they don't remember it fondly), they foresee the future with Bell at the RRR helm, then they conclude they don't want to invest in RRR.

Even AIM Red Rock promoters "Align research" see Bell an huge hindrance to the RRR share price because the other week on twitter they called the then RRR share price a "Bell discount". To me they meant by "Bell discount" that with Bell at the RRR helm you can always buy in cheaper than you otherwise would be able to with a more respected chairman at the RRR helm. Telling PIs you get a "Bell discount" if you buy into RRR is not encouraging PIs to buy into RRR because Align research were letting on that they think Bell hinders the RRR share price.

Me and Align research are in agreement on that because i've got no doubt he does. That's why it's so appealing to sack him because with a more able chairman at the RRR helm, who you trust to make wise decisions with the money, then i'm sure this share price would more freely rise.
MrMagic
Posts: 11,310
Observation
Opinion:No Opinion
Price:0.975
Steelmin
Today 12:31
Looks like Steelmin production has slipped . . . . again !

So they were supposedly going to start production in March, then that became April, and now it has become May.

Https://www.rrrplc.com/wp-content/uploads/2018/04/23Apr18-RRR_CorpPres_FINAL.pdf

Pretty much par for the course for RRR projects/ventures imo. Never fear, when production actually IS about to begin you can be sure there will be a team of shameless rampers suddenly appearing to hype it all up.

I note that Jupiter trading volume picked up slightly yesterday at about 10m but it's still tiny for a company with 1.95 billion shares in issue imo. JMS SP is still below the IPO price. If that situation persists come December then the RRR JMS shares will remain locked in escrow until probably June next year (according to my reading of the escrow agreement posted by DS).
zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.975
RE: 3m Sell
Today 11:40
And Bell may say that the Steelmin deal created an approximate RRR £1.5 million cash surplus but a lot of that surplus was created because RRR repaid back their YA loan from their Jupiter buyback money + the £1 million convertible loan that RRR took out to repay back the YA loan created £1 million of the surplus and if those holding the convertible loan notes don't convert those loan notes into RRR shares by years end then that surplus could turn into a £1 million debt for RRR because they will have to repay back those convertible loan note holders in cash.

So in my opinion that cash surplus that Bell brags about is somewhat misleading.
....................

And the Colombia deal was in my opinion atrocious for RRR shareholders because when it was announced in May 2014 i remember the RRR share price was around 0.26p-0.27p (price before share consolidation) but when the deal completed around a year later the RRR share price was around 0.07p (price before share consolidation) . In my opinion the price collapsed over that year because Bell hugely diluted shareholders and the Colombia deal got altered on many occasions and the deal got weaker and weaker and so made no impact when it did eventually complete.
............

So i think this praise for Bell lately is totally undeserved because:

(1) Bell could've got sacked from RRR three or more years ago and Jupiter would've still have relisted and handed out buyback payments. So the Jupiter money would've still came to RRR without Bell being at the RRR helm.

(2) The cash surplus created from Steelmin is misleading because if the 0.80p convertible loan note holders don't convert (into RRR shares) by around the years end then RRR will have to pay back that £1 million convertible loan note debt.

(3) These Colombia tranche payments and promissory note payments or meagre Royalty payments never had a positive effect on the RRR share price. And the eventual Colombia deal was atrocious for shareholders; even years after it happened i still think it was.

So i think it's totally misleading that Bell's done well lately. Just look over at his other company RGM, especially these past 17 months and see the calamitous events that have happened over here. To me that's the real Bell.

PLEASE NOTE: Of course i am not Bell's greatest fan. I think this present money RRR have would be better off with a new dynamic chairman. I am certainly not confident Bell/Kaintz will make good use of it.
zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.975
RE: 3m Sell
Today 10:24
Magic, in my opinion they overestimated the ability or the importance of Andrew Bell. I mean if Bell had been released from his job here 2,3 or more years ago, would his release have prevented Jupiter doing buyback payments or prevented Jupiter from relisting? No on both accounts.

To finish on a more upbeat note for longtermers of this thread. Vini, Cityfan + many other former aliases, i checked him out last night and i see he's been lifetime banned again. So if a newbie grumpy appears, verbally abusing everyone, then it's most likely him.
MrMagic
Posts: 11,310
Observation
Opinion:No Opinion
Price:0.975
3m Sell
Wed 18:22
Huge 3m sell last night.. Have to assume it is PG continuing to sell down his holding. GL to him, he is making a modest profit and called it completely right. Rampers, as ever, called this completely wrong. Jupiter SP hasn't taken off as they predicted, in fact market demand for the JMS shares has fallen completely off. 54m traded on the first day, only 3.7m on the most recent trading day. Rampers have predictably scuttled away, now working other share boards. Hope people did their own research and didn't buy the ramping spiel.
Luckdog
Posts: 357
Observation
Opinion:No Opinion
Price:0.975
RE: Jupiter
Wed 01:04
Tend to agree Zumore
I think the real factor that Jupiter should be priced in is dividend yields. Until we see the first dividend payout then it’s hard to price
In saying that, you’d think Jupiter would be on track for a $200m+ profit so div yields will be very high
zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.975
RE: Jupiter
Wed 00:19
To add further:

So i guess i'm saying even though Jupiter can still make healthy profits with a lower manganese price, if PIs did see a dropping manganese price it would create the feel bad factor and make some PIs sell or not want to invest in Jupiter.
zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.975
RE: Jupiter
Wed 00:14
Magic, i couldn't find the YT links.

Onto Jupiter, i think i recall around Jan 2016 the manganese 37% price was around $2.30 per dmtu but when Jupiter relisted the dmtu price was around $7.30. So on relisting the dmtu price was pretty high and that could be an huge future problem because you would think the dmtu price will eventually pull back dramatically and that could be very off putting to investors because i know most investors watch metal prices like hawks and often get dissuaded or encouraged to buy into a company strictly by the rise or fall of the metal price.

So even though Jupiter make healthy profits it could be bad luck for them that they relisted when the manganese price was sky high because you would think severe retraction in manganese price will happen eventually.
zumore
Posts: 4,672
Off Topic
Opinion:No Opinion
Price:0.975
RE: RE: The RRR chairman gearing hi..
Tue 23:45
Thanks Briarbank. You've been in RRR a long time and so i'm sure you have a good idea what money was spent on each project. So you say you remember AB saying roughly £10 million was spent in Kenya. What about Greenland, another £10 million? I'm sure you or others have said many many millions was also got spent in Colombia? Another £10 million there? If so an hell of a lot of money wasted on just those three projects.




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