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Red Rock Resources Share Chat (RRR)



Share Price: 0.625Bid: 0.60Ask: 0.65Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 8.33%Open: 0.55High: 0.00Low: 0.00Yesterday’s Close: 0.625


Share Discussion for Red Rock Resources


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MrMagic
Posts: 8,752
Observation
Opinion:No Opinion
Price:0.625
RE: oil riches
Mon 21:01
PI's will only lose out imo if they let their holdings sit through the many dilutions this company tends to make or if they buy shares at a significant premium to their real worth.

The share issue here has just been increased by 57%. Some 97 million shares were issued at the discounted price of just 0.42p !!

Do I want to pay a premium for those shares? No thanks.
 
Dukey123
Posts: 2,074
Off Topic
Opinion:No Opinion
Price:0.625
oil riches
Mon 19:48
Have a feeling MTR will not lose out here but PI's will. . . Watch this space !!!
MrMagic
Posts: 8,752
Observation
Opinion:No Opinion
Price:0.625
RE: In my opinion
Mon 19:33
Lots of manoeuvring I agree. I note also that the "PJ" factor has panned out exactly as I thought it would.

PJ got his holding to 7,537,354 shares when there were 250,176,445 shares in issue making his holding just barely creep over the notifiable 3% threshold. It would have been easy to keep that holding just under the 3% but he clearly chose not to. It seems he wanted to make it a notifiable holding. But only just barely at 3.01%.

As most expected, AB did a placing which of course diluted PJ's holding. A holding of 7,537,354 shares would now represent only 1.9% of the total 392,325,740 shares following the placing. You would now need 11,769,772 shares to reach the notifiable 3%.

Each to their own but I personally see this whole thing as a media circus parade. If PJ had bought 4-6% then I might have attributed some significance to his holding. As it is, I choose to simply ignore it.

The day after the announcement of PJ's holding, another announcement was made informing us that Mr Haralambos Christoforou and John Arnold no longer had a notifiable interest. The "2p tomorrow" brigade conveniently skipped over that key piece of information.

Believe what you will but I personally won't be giving my hard-earned money to the fairground "hook-a-duck" stall.
oilriches
Posts: 9,305
Off Topic
Opinion:No Opinion
Price:0.625
RE: bambos2
Mon 18:18
Dukey, the difference now is Mtr are calling the shots and they are here to multi bag
Dukey123
Posts: 2,074
Off Topic
Opinion:No Opinion
Price:0.625
My opinion
Mon 18:09
Andre Bell is a twunt !!
Dukey123
Posts: 2,074
Off Topic
Opinion:No Opinion
Price:0.625
bambos2
Mon 18:08
As much as you would like that. . . Well to be honest I would like that as I would get about a 10th of my money back, which would at least pay for a little holiday. Unfortunately been here long enough to read between the lines(so to speak). . Suppose only time will tell but one day you will realsie what Andrew Bell is like.
bambos22
Posts: 2,577
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.625
Bunch of wallys!
Mon 17:58
2p very soon
Dukey123
Posts: 2,074
Off Topic
Opinion:No Opinion
Price:0.625
In my opinion
Mon 12:46
All this latest debacle was done to make it harder to remove Bell as CEO.. . . Disgrace
zumore
Posts: 2,837
Off Topic
Opinion:No Opinion
Price:0.625
Magic says
Sat 21:41
"We give £100,000 worth of RRR shares to MTR and do so at the discounted placing price of 0.42p ! (Already bad for existing shareholders)

Then instead of getting that £100,000 as useful cash we instead accept 1,818,182 MTR shares at 5.5p each when today the MTR SP was 4.75p meaning they are worth approx. £86,363.

Existing shareholders are diluted and we lose approx. £14,000 of value in the swap. How is that in any way good for shareholders?"
.............................................

I agree Mr Magic this £100,000 swap of shares with MTR doesn't on the surface look that good a deal for RRR shareholders. Especially when you consider that the MTR price was 0.73p on 22nd January this year and so RRR enter into this £100,000 swap deal after MTR's share price has already 8 bagged to 5.5p. So with the MTR share price now at 4.5p it seems Red Rock might have got spiked with this deal.
Didge
Posts: 2,713
Off Topic
Opinion:No Opinion
Price:0.625
RE: 4p valuation
Sat 20:30
Good luck with that. Only people that believe they can make a living playing pub slot machines would be fooled by such nonsense.




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