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Red Rock Resources Share Chat (RRR)



Share Price: 0.335Bid: 0.33Ask: 0.34Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.01Spread as %: 3.03%Open: 0.34High: 0.34Low: 0.32Yesterday’s Close: 0.335


Share Discussion for Red Rock (RRR)


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MikG
Posts: 115
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (2)
RE: BiffBaff
Today 03:06
Magic, I think the majority of those are reasonable sounding alternatives given the current predicament, however I think you and I both know that current management won't be overly incentivised for some of those suggestions whilst handsome remuneration can be gleaned irrespective of performance. This was the whole issue raised in the gold discussion at the investor show, whereby ab sat uncomfortably and somewhat silently.

So then IMO the option becomes to accept the direction under current management, or as suggested, to sell. A third alternative is the formation of an investor action group, however I don't recall much enthusiasm for this when another poster ( I think game316) raised this suggestion. Surely as you have strong opinions on how differently things should be done,you would be in support of any such attempts to use shareholder leverage to lobby these ideas to management?
 
zumore
Posts: 485
Observation
Opinion:Buy
Price:0.34
Looking back i think that
Today 00:22
proinvestors interview with AB was the actual thing that convinced me to invest in Red Rock because AB was absolutely sparkling in that interview because everything was just about to happen and he was so positive. So of course i didn't want to miss the Red Rock boat so i jumped on board and i was all set for the multipenny rise.

Unfortunately i've lost a few thousand pound since. But on a positive note since August i've lost 10lbs in weight and i've never felt so healthy. :)
zumore
Posts: 485
Observation
Opinion:Buy
Price:0.34
Looking back at the
Today 00:12
06 August 2013 interview that proinvestors had with AB i think Andrew gives quite good details of how speedy a Greenland deal could actually be completed. http://www.proactiveinvestors.co.uk/companies/news/59772/red-rock-resources-shares-rocket-as-it-updates-on-greenland-sale-59772.html

So on a positive note all Andrew and his team have to do is find an enthusiastic buyer and with a willing buyer found the Greenland asset sale could be completed in no time at all. :)
biffbaffboff
Posts: 992
Answer
Opinion:No Opinion
Price:0.34
magic
Wed 23:54
The company won't run itself. My point isn't about changing the way it's run at board level, but you stop raising funds for WC when you have no income and you will have no staff.
zumore
Posts: 485
Off Topic
Opinion:No Opinion
Price:0.34
I've decided
Wed 23:43
my next 10 posts on this thread are going to be super positive. :) I just despair at myself when i read back my dreary posts. My god they are so negative!
thegame316
Posts: 1,565
Off Topic
Opinion:No Opinion
Price:0.34
RE alternatives to dilution
Wed 23:13
have to agree apart from selling jupiter shares, it seems to be accepted across AIM in general that dilution is the best way to raise money yet if you look at the returns needed to get the sp to multibag then its the equivalent of a wonga loan!
unless the bod deliver then the typo would say causes not or.
MrMagic
Posts: 6,813
Observation
Opinion:No Opinion
Price:0.34
typo
Wed 20:48
"or" obviously
MrMagic
Posts: 6,813
Observation
Opinion:No Opinion
Price:0.34
View Thread (2)
BiffBaff
Wed 20:26
"Necessary evil IMO. If you don't like it (I'm not happy about it) then their is only one answer...Sell"

I disagree and I think this is a mind trap that many here seem to automatically fall into. AB says it is "dilution of extinction". It sounds final doesnt it? Unquestionable, resolute, immovable. I submit that there are alternatives.
Removing the working capital expenditure would be one, or at the least reducing it to a bare minimum, removing BoD salaries until something is delivered, selling JMS holdings, merging with RGM to remove overheads and so on. There are alternatives to the status quo, it just requires someone with the desire and drive to opt for one or more of them.
Wriglet
Posts: 160
Off Topic
Opinion:No Opinion
Price:0.34
Management shareholdings
Wed 20:21
I was reading Yamana's Management information circular, which is issued prior to their AGM and I noticed that they give the current management shareholdings as a multiple of their salary. I thought what a great way of showing the managements real commitment to the company. In Yamana's case the value of the lowest holding was 1.8x salary with the highest being 20x salary, with an average of 6x salary.

Good idea to include in AIM company reports including RRR and RGM ?

Regards

Wriglet
bbdd
Posts: 1,008
Research
Opinion:Strong Buy
Price:0.34
Nickel extends gains on global cues
Wed 20:04



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