Register
Login:
Share:
Email Facebook Twitter

PHARMA: Heat Biologics - a 'potentially transformative' lung cancer treatment, Phase II data Q3 2018 Watch here

Looking for big risk, big reward investing? See our exclusive Pharma video series from 'Biotech and Money'


Red Rock Resources Share Chat (RRR)



Share Price: 0.65Bid: 0.60Ask: 0.70Change: 0.025 (+4.00%)Riser - Red Rock
Spread: 0.10Spread as %: 16.67%Open: 0.625High: 0.65Low: 0.60Yesterday’s Close: 0.625


Share Discussion for Red Rock Resources


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


zumore
Posts: 4,359
Off Topic
Opinion:No Opinion
Price:0.725
Who do we think is offloading?
29 Sep '17
It's definately not me. Who do we think?
 
HawaiifiveO
Posts: 601
Off Topic
Opinion:No Opinion
Price:0.725
Presentation
28 Sep '17
AB said last night he expected RRR to get at least 20% of Steelmin and added that they were more likely to get project funding once they were in production, that is still some time off. It seems he is accepting that RRR will not get re-paid quickly now.

At the time the deal was announced he said that he hoped Steelmin would re-finance very early, implying RRR would get their loan money back quickly.

In a pretty short space of time the message has changed.
okenia
Posts: 9,012
Off Topic
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
Regency have 2.3% of RRR so you're up to ~ 8% now.

Care to throw any others into the mix?
okenia
Posts: 9,012
Off Topic
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
Do you want to borrow my pocket calculator ... again?
MrMagic
Posts: 10,863
Observation
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
What percentage do the board effectively WIELD (rather than directly own)? i.e. RGM shares and shares held by other associated companies.
okenia
Posts: 9,012
Off Topic
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
Except that the Board together only hold 6% of the share capital and would be proportionately diluted by "doing a Rita". I don't call 6% a controlling stake, do you?
MrMagic
Posts: 10,863
Observation
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
No, I'm saying that past posters here have suggested that this is the case. I can not confirm one way or another but I do note that AB has, in the past, upped RGM's stake of RRR shares and that he did deals with other companies where RRR gets some of their shares and they get some of RRR's shares. I personally have no doubts whatsoever that AB will always maintain the controlling stake in the company.
okenia
Posts: 9,012
Off Topic
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
So you're saying Andrew would "do a Rita" (MAGP - I can explain that reference if need be) and issue a load of spurious shares so as to dilute away activist investors building a stake?
MrMagic
Posts: 10,863
Observation
Opinion:No Opinion
Price:0.725
RE: Jupiter Mines Buyback
28 Sep '17
Okenia: "The $1m dividends we received from Jupiter this last year are just the start .... "

That's total rampy speculation on your part.

It is entirely possible that Jupiter will be bought out and that RRR will have to sell its remaining shares. Once that happens there are no more buybacks. RRR is not a Tshipi owner or shareholder. There is no royalty involved. RRR merely own a few shares in Jupiter and once those shares are gone, they are gone. Finito Benito !
MrMagic
Posts: 10,863
Observation
Opinion:No Opinion
Price:0.725
RE: Peter G
28 Sep '17
Okenia: "Why is RRR trading at such a discount to NAV?"

I guess because of the AB factor. ANy monies that come in seem to disappear into Admin and Expenses and dubious projects/ventures like Elephant Oil. . . . imo.

Okenia: "RRR would benefit from a bit of a shakeup "

It's has I suspect, been tried before (going by past LSE posts) but anyone who tries to acquire a large stake seems to get diluted. PG's appearance, for me, therefore vastky increases the risk that dilution is coming.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.