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You can take your nose and clown boots with you as well , Coco.
Lomax, you don't know me; I have no interest in what the rest of the room has to say.
xx
Helpless read the room, bell is a busted flush, he needs to be booted out, and when he goes he can take his red nose and clown shoes too
Look at PDs posts he tips all the waifs strays and orphans and none of them have come good.
What he knows about RRR you could write on the head of a pin with a Mars bar
Oh yes the imminent lithium sales. All going to plan. Money is in the Cyprus account with the Greenland and DRC monies.
In Bell End we trust
DRC news and lithium shipments should see this multi-bag. Back to 0.6p.
Dukey, well done; you almost got something right. PS paid that £1,000 to Christie's Hospital yet, you know, you being a man of your word and all that good stuff?
Dukey, work it through logically. For Juno the big prize is bringing Mt Ida into production (2bn+ tonnes of Magnetite at Mt Ida and they stopped drilling because the had so much). Their stated intention is to bring Mt Mason into production (haematite, relatively small and higher cost as a consequence) to be able to fund Mt Ida coming into production.
RRR's royalty is 0.75% on all iron ore produced on the Mt Ida tenements; no other mineral are included from what I remember. So if lithium is there then RRR won't get a royalty from it. However, it might make it a bit easier to bring Mt Ida into production. The potential lithium is on the Mt Ida tenements and so might make it easier to get a JV partner in. From the map it looks like where the potential lithium is won't interfere with the Magnetite project.
DYOR
So after 19 years of failure is their anyone left to buy into the next placing ?
They haven't passed the Milestone as per the RNS(Wonder what that Milestone is!?)
Where are they?
Helpful- I agree it's information but not relevant to the here and now.
If our interest in IDA and MASON had any present value they would have been sold by now. Current value to RRR nil.
SP holding up well despite the constant selling...
Red Rock Ruin or red rock resources?!
It is information, if you read it you might understand something or maybe not....
It’s being walked down to a placing price, this has Bell written all over it, he’s spaffing company money in the Congo chasing a dream. Hope his new suit fits him
Without a DRC windfall this will be a hard slog.
I can't see any salable assets to help short term liquidity.
Can see sales in Zimb being quick.
Risk is SHs diluted to below .1p unless news soon.
Wow! That’s helped Not
If Yewtree capitaln did want paying back immediately then £256,000 with 12% interest would mean Red Rock would have to pay back almost £287,000.
I imagine Red Rock are now running low on funds so if the above wanted paying back in cash i bet Bell would do a fundraise well above £600,000.
Dukey, there were two tranches £623,000 + £50,000 + 12% interest. So according to my calcs Red Rock would owe the lenders just over £753,000.
So just a guess by me but i would imagine if the lenders didn't want to roll over and Red Rock had no DRC money or Bin hill money then Red Rock would have to do another fundraise: they would probably have to lend from a death spiral lender, they probably charge Red Rock well over £50,000 in fees. Then of course there is the drip drip effect of share price devastation of the death spiral lenders. So all in all that wouldn't be good.
Tradedesk, you were giving the impression the lenders could only roll over. You didn't mention that they had the option of asking to be paid back in cash immediately.
Though i do think they will roll over. Although i have no idea who Yewtree capital are. They had £256,000 in clns. If they have no connection to Lundy they may request repayment.
I'm aware of this.
Tradedesk after the CLN twelve month period the CLNs end and it reverts back to money owed by Red Rock. Yes i do think most CLN holders will roll over for another year but it's not like the CLN holders are in a weak position, afterall they lend the company in cash so after the 12 month CLN period ends they can if they choose ask the company to pay them back in cash.
Thanks Trade - can't speak for his mates but Helpful is super bullish so will no doubt role over on existing terms.
Banbury - I said Riverfort and Diversified were settled and that is as per RNS.
Not the CLN Helpful and his mates arranged last year @ 0.60, that technically needs to be rolled over still or terms revised. If they roll over at the same price that will be a sign of confidence. If revised at say 0.30 it will still be bullish. If materially less than the current share price then not ideal tbh as they will create another overhang.
The risk reward remains favourable but no arguing it needs news.
Dropping to the new fund raise level. Has Bell resigned yet?