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Red Rock Resources Share Chat (RRR)



Share Price: 0.425Bid: 0.40Ask: 0.45Change: -0.025 (-5.56%)Faller - Red Rock
Spread: 0.05Spread as %: 12.50%Open: 0.45High: 0.45Low: 0.425Yesterday’s Close: 0.45


Share Discussion for Red Rock Resources


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zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.425
From rns
Today 12:24
· "Pursuant to the terms of the Promissory Note which was issued by Columbia Mining Limited ("CML") and following recent announcements by Para Resources Inc. (TSXV:PBR) ("Para") in relation to its purchases of shares in CML, Red Rock has notified CML and Para that it considers the conversion of its $1,000,000 Promissory Note into ordinary shares of Para has been triggered, at a price per Para share of 12.5c.

CML and Para have now informed Red Rock that they do not agree that the conversion has been triggered on the grounds that it is not CML itself which has been listed"
........

Well if that's CML & PARA's reason, then to me it looks very diffcult for Red Rock to get their hands on that $1m prommisory note money. So could be a lengthy and costly legal battle.
 
zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.425
...
Today 12:15
New RNS!

Oh no. Looks to be a dispute.
zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.45
I know some will complain
Thu 15:44
that i say this, but now Mr Bell is on the GRL board i personally now value Red Rock's original £112,500 GRL investment as pretty worthless.

I say this because when he wasn't on the GRL board i saw Red Rock's GRL investment as a liquid investment that could've easily been quickly sold and turned into money; however now he's plonked himself on the GRL board let's be honest he won't be selling Red Rock's GRL shares anytime soon: he'll now sit on the GRL board for years on end raking in the fees for himself.

And i agree with what people have said in the past, that Bell often gets a place on a board because Red Rock have made an investment in that company, in other words he is Red Rock's mouthpiece so therefore he gets a place on that board. Now i agree with others who've said that the fees he gets while sitting on these boards (as Red Rock's representitive) shouldn't be pocketed for himself but should instead be given to Red Rock because the sole reason he's in those board meetings and sat on the board is because he is working for Red Rock. But when he pockets the fees for himself it's like he's got a new wage a new job, so of course he's very reluctant to ever give them up.

So it's NOT good he's got a place on the GRL board today.
Didge
Posts: 2,767
Off Topic
Opinion:No Opinion
Price:0.45
RE: Todays GRL rns
Thu 12:54
If Carlsberg did sell signals....
colinH100
Posts: 1,013
Observation
Opinion:No Opinion
Price:0.45
RE: Todays GRL rns
Thu 10:38
Well GRL should fly with Calamity Bell on board.
MrMagic
Posts: 8,926
Observation
Opinion:No Opinion
Price:0.45
RE: Todays GRL rns
Thu 08:49
Wonder how long it will be before we see RRR buy some GRL shares and GRL buy RRR shares !!
zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.45
Todays GRL rns
Thu 07:46
GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce the appointments of Emma Priestley, current interim Chief Executive Officer, as Executive Director and Chief Executive Officer and Andrew Bell as a Non-executive Director of the Company with immediate effect.

 Emma Priestley specialises in Africa and emerging market sectors, developing and advising companies.  Emma is currently a director of Stratex International Plc (AIM: STI) as business development and market liaison, in conjunction with which she is an adviser with African Resource Capital focussed on investments on the African Continent.  Previously, in this capacity, until its successful takeover, she was an Executive Director of Lonrho Plc, focussing on opportunities in agriculture, infrastructure, logistics, and natural resources, and attracting investors to them, both in equity and structured finance.  Emma has worked with GVA Grimley and IMC Mackay & Schnellmann, investment bank CSFB and advisers VSA Resources and Ambrian Partners, where she worked as a corporate broker and financial adviser.  Emma is a graduate of Camborne School of Mines, is a chartered Mining Engineer and Chartered Mineral Surveyor.

Andrew Bell began his business career as an investment analyst at Morgan Grenfell & Co Ltd specialising in the mining and oil and gas sectors.  After experience as a Far Eastern unit trust manager and pension fund manager at Grieveson Grant & Co and elsewhere, he held various positions in corporate finance and in trading and property development companies.  Since 2004, he has served as Executive Chairman of Regency Mines plc (AIM: RGM), since 2005 as Chairman and CEO of Red Rock Resources plc (AIM: RRR) and since 2006 as Chairman of Greatland Gold plc (AIM: GGP).

 Goldstone Chairman, Christopher Hall, commented:

"We are very pleased that Emma and Andrew are joining the Goldstone Board and look forward to their input in helping to drive the Company forward as we seek to advance the Company's assets."
zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.45
should've read
Sun 22:44
an exhausted but triumphant
zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.45
Erm sorry
Sun 22:43
I just scrolled up his twitter page and he apparently came back from his twitter holiday today
zumore
Posts: 2,904
Off Topic
Opinion:No Opinion
Price:0.45
Good news!
Sun 22:40
After AB's constant tweeting (throughout work hours) these past few months about the EU referendum, on Friday and exhausted by triumphant AB tweeted:

"It's over. The battle won. So I'm taking a short holiday from posting on twitter.... "
........

So AB's twitter holiday should now mean he'll be able to give more attention to Red Rock.

I'm guessing he'll take a 3 month break from twitter




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