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Red Rock Resources Share Chat (RRR)



Share Price: 0.475Bid: 0.45Ask: 0.50Change: 0.025 (+5.56%)Riser - Red Rock
Spread: 0.05Spread as %: 11.11%Open: 0.45High: 0.475Low: 0.45Yesterday’s Close: 0.45


Share Discussion for Red Rock Resources


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Gunner1
Posts: 4,083
Off Topic
Opinion:No Opinion
Price:0.70
rinse repeat
17 May '16
rinse repeat ! imho it has a familiar ring to all the bells we keep hearing and have heard for the past 3 years however my 4k was worth £50 quid now worth £65 so made a fish supper in the scheme of things lmfao. I remember when we had the oubliette thing and cherry blossom over Greenland ...same kinda posters on here thinking or saying that they are going to make loadsa money...well I'd be careful and dyor if I were you !
 
xel123
Posts: 10
Off Topic
Opinion:No Opinion
Price:0.70
RE: wrong time to buy
17 May '16
Hello "Thegame316"
I have seen many of our post with "Strong Sell" opinion which is fair enough as everyone has their own opinion. May I ask what is you position with RRR ?
Are you a holder of this share ?, Are you a ex holder of this share who made losses or you are a short seller?
If you not happy answer its fine but don't be abusive as I have seen many of them here are very abusive.
Thank you invance
thegame316
Posts: 2,279
Off Topic
Opinion:Strong Sell
Price:0.70
RE: wrong time to buy
17 May '16
So from they have brought at this price its now they must have by looking at the trades from yesterday. The expression clutching at straws comes to mind lol. If its a case of assuming then can I just add that im assuming that MTR took all the shares they needed at 0.42p. If they wanted more they would have done it then, not pay almost twice the amount a few days later. These are professionals with a strategy, not some average PI deciding on a whim that they want more all of a sudden at a much higher price
jojo123123
Posts: 486
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
RE: wrong time to buy
17 May '16
read the holdings RNS

it will tell you when the threshold was crossed which is the 16th, not hard to see.
thegame316
Posts: 2,279
Off Topic
Opinion:Strong Sell
Price:0.70
RE: wrong time to buy
17 May '16
With all due respect how about you show me in which rns it states that MTR have brought shares in RRR at around 0.7p. Maybe I missed that specific one in my haste to type before think lol. Just to get this straight did you read the rns released today saying MTR hold just over 53M shares, and have you paid notice to the rns that said MTR purchased 29 odd and 23 odd million shares at 0.42p.
Didnt add the up in my "haste to type" but im pretty confident that if you add the specific numbers they will match the total declared today. So either according to you MTR have brought shares at 0.7p which they have failed to declare which im sure they havent or you are assuming incorrectly that MTR have been buying at 0.7p
jojo123123
Posts: 486
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.675
RE: wrong time to buy
17 May '16
They bought yesterday and have no doubt been buying today into the 7s, look at the large volume/buys today
MrMagic
Posts: 8,909
Observation
Opinion:No Opinion
Price:0.675
RE: wrong time to buy
17 May '16
"so why on earth would they sell when have bought at this price"

What price are you suggesting MTR bought their shares at?
jojo123123
Posts: 486
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.675
RE: wrong time to buy
17 May '16
they have also been buying at around 0.7p

so why on earth would they sell when have bought at this price, think before you type haha

Still cannot buy btw, 1 hour passed
MrMagic
Posts: 8,909
Observation
Opinion:No Opinion
Price:0.675
RE: wrong time to buy
17 May '16
thegame - "And to back this up why was the latest fundraise done at 0.42p. If RRR is worth a lot more then AB would have had no problem convincing MTR to pay a higher price "

That's a slam dunk right there.
thegame316
Posts: 2,279
Off Topic
Opinion:Strong Sell
Price:0.675
wrong time to buy
17 May '16
Unless you are able to watch the sp every minute of the day and are happy with a 20% gain. But need to consider MTR are already up about 80% on their sizeable holdings so WHEN they decide to offload which could be happening right now then the sp will retrace significantly.
Doubt the sp will hit 1p. That would mean a mcap of almost £4M and there is no way anyone can justify that value. Not on kenya which even if the court case is won just means RRR gets the license back. They had this license for years and whats happened with that. Colombian money is basically joke transaction compared to what was originally envisioned and wheras its commenadable that money is now coming in, its in drips and draps and will basically be swallowed up by wages for AB and other expenses that will not add value to the sp. Then there is SC which will give RRR about 20bopd give or take a few barrels and some small 6 figure investments which even if they double will still be worth in the low 6 figures.
The only asset underpinning the sp value is jupiter and that is about £1M so in my view the mcap should be £2M max or about 0.5p after the latest batch of shares hit the market. And to back this up why was the latest fundraise done at 0.42p. If RRR is worth a lot more then AB would have had no problem convincing MTR to pay a higher price considering he paid top dollar for MTR shares in return




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