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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


Red Rock Resources Share Chat (RRR)



Share Price: 0.675Bid: 0.65Ask: 0.70Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 7.69%Open: 0.675High: 0.675Low: 0.675Yesterday’s Close: 0.675


Share Discussion for Red Rock Resources


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jonnstone
Posts: 1,096
Off Topic
Opinion:No Opinion
Price:0.625
re forecasts
31 Jan '17
For el limon and kenya.
I am being extremely cautious as ever and booking both at zilch
i.e. costs to equal reward.
Realistically though I expect the figure to be positive and if so will up my price target.
Time to get back on board seingred or will you be waiting for me to increase back to 100% and then buy in at higher price lols, follow in my foot steps. After all it did prove to be profitable tactic, following the JONNSTONE.
 
Seingred
Posts: 2,270
Question
Opinion:No Opinion
Price:0.625
RE: el limon note
31 Jan '17
Any jonestown Forcasts for likely legal budget for the lemon and kenya.how much are you booking down for this over the coming years?
Seingred
Posts: 2,270
Question
Opinion:No Opinion
Price:0.625
RE: el limon note
31 Jan '17
Any jonestown Forcasts for likely legal budget for the lemon and kenya.how much are you booking down for this over the coming years?
jonnstone
Posts: 1,096
Off Topic
Opinion:No Opinion
Price:0.625
sellers?
31 Jan '17
Where have all the sellers gone, can see this ticking higher to try and find sellers, clive could be right re his fifty prediction.
zumore
Posts: 3,447
Off Topic
Opinion:No Opinion
Price:0.625
Lets hark back to the past
31 Jan '17
and to the Greenland burier rns from April 4th 2014. As many long termers will remember the day before a new poster made a post to tell us that NAMA were selling their share of the Greenland asset on I think it was called the merger network website. Then PIs contacted AB and then the very next day in this rns he buried the Greenland news amongst other meaningless updates. So it was the classic "bury bad news" RNs.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=awb9lzph&ArticleHeadline=Update__Ivory_Coast_Exploration_and_Other
Seingred
Posts: 2,270
Observation
Opinion:No Opinion
Price:0.625
RE: El limon note
31 Jan '17
Who is the arbitration panel.oxs arbitration took about 5 years to fail at the last minuteand cost many dilutions.you would do well to write down value to zero or worse if arbitration is followed.some predicted costs would be good.the el limon deal reminds me of the sad sight of a desperate prime minister brown nosing some of the worlds nastiest despots for a deal.bell accepted a very poor deal that was drastically downgraded by the buying party.it was a bad bit of business in the aquisition stage as well as the exit .and goes a long way to explaining rrr drastic fall along with greenland.it is no surprise to ltholders that the sale legals are not watertight,especially anyone who remembers the greenland deal.rns have generally been unclear.hence while there were very many posters during the greenland debacle reading great things through the rns,it was clear as day to myself and magic that from what was not confirmed in subsequent rns that things were not going o plan.
isdeer
Posts: 2,278
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.625
RE: magic el limon note
31 Jan '17
Magic,

The time line goes like this - briefly CML was a private company owned by Randy, he did a deal with PARA so they loaned him money to buy El limon, CML then sold all its assets back to PARA in an attempt to steal RRR's El limon asset, literally they will never relist CML, this is a scam perpetrated by Randy Martin.

CML don't own any assets, they sold off all RRR's El Limon asset for cash and shares when Randy Martin became president and COO of PARA.
jonnstone
Posts: 1,096
Off Topic
Opinion:No Opinion
Price:0.625
what i can say
31 Jan '17
For sure is that I would not sell a single share at these levels of share price
jonnstone
Posts: 1,096
Off Topic
Opinion:No Opinion
Price:0.625
Well
31 Jan '17
As already stated I cannot say for sure, hence have aired on side of caution and booked as zero.
Any positive outcome here and up goes my price target.
MrMagic
Posts: 9,990
Observation
Opinion:No Opinion
Price:0.625
RE: magic el limon note
31 Jan '17
Tomstone, the details shareholders were given in the relevant RNS state that the prom note is only exercisable :

1) if CML become a listed company or
2) if CML vend the assets into a listed entity

As far as I can see, neither of those things have happened. Feel free to convince me otherwise. Isdeer tried, but just gave frustrated emotive sound bites. Let's deal in facts. Does, or does not FPM own the El Limon mine?

If answer = Yes then discussion over.




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