lol magi - careful some will be saying next that you cant buy :-) honestly though, these rns as you pointed out earlier are so poorly written it is almost as if it is done on purpose to take the sp down! not saying it is just feels like that sometimes........................................ ;
Buys and sells of themselves are not usually remarkable. There is usually some level of churn. What makes them remarkable to me is when there is a steady stream of sells at prices at which it has not generally been possible to buy, i.e. lots of largish sell trades that must surely be loss making. I have noted significant sells on the NCT/MYN share for some weeks now which the regs there are overly keen to brush under the carpet.
Here, I can see that earlier this year the SP did fall down to 0.35p levels so it is possible that someone who bought shares at that time might now be selling them for a small profit. Why would they be selling out now though? The larger worry as you highlight would be if they are flippers who have acquired cheap discounted shares.
Worth keeping a keen eye on that trade list and on the levels of ramping here, bearing in mind the board has been quiet for some time now.
look out for any holding rns with "Hargreave Hale" because in small writing on the RRR shareholders page it says:
*As far as the Company is aware, shares in Hargreave Hale Nominees Ltd LON account are held on behalf of Metal Tiger Plc. As at 17 May 2016, Metal Tiger Plc held 53,571,427 ordinary shares, representing 13.65% of the Company's issued share capital.
I therefore guess/speculate/predict a fundraise citing participation in LM#14 gas production and RRR's general share of gas installation costs needed for a future LM#20 gas hook up, oh and of course, a little bit of good old "working capital" !. If true then of course we can expect a sudden influx of new aliases here all over-egging the gas prospects and predicting future mega rises in the price of natural gas and . . . well, the usual nonsense.
All speculation but the MO tends to repeat here with monotonous regularity.
When RRR did a £407,000 placing on 29th April the RNS said:
"The financing funds the expected cost of Red Rock's Shoats Creek drilling participation for 2016. It will also allow for the enhancement of existing gold interests, and potential acquisition of new opportunities." .....
If i remember correctly it was going to cost RRR $250,000 to participate in LM21 + the same amount to participate LM22. So because above quote said the £407,000 placing would be enough to participate in shoats creek drilling for 2016, then because LM21 or LM22 haven't yet started then RRR should still have that money and be loaded.
So in my opinon it will be absolutely scandalous if another RRR placing were soon to happen.
that in 1st July rns Bell threatened arbitration if PARA/CML didn't respond within 10 days. Then in the 31st July mining maven interview Bell strongly suggested to the interviewer that the arbitration had begun. But obviousy idle threats from Bell because in todays rns absolutely no mention that arbitration had begun; infact in todays rns he weakly says:
"CML has not acknowledged Red Rock's right to convert but has indicated a willingness to consider an early repayment of the Note, and the parties plan to meet later this month to seek a mutually agreeable resolution" .................
I'm sure by that he doesn't mean "a worried CML/PARA will fly cross to London to sort this out with me". Of course it doesn't it means if he's lucky CML/PARA will permit him and his entourage a meeting and they'll have to fly over there for that meeting. Let's be honest Randy Martin knows all too well what a weak negotiator AB is because when he negotiated the El Limon sale with AB over that year+ he cotinually made the deal weaker and weaker for Red Rock. So if they have a meeting i'm guessing Randy will tell AB it's a 3 year promissory note and so come back in 2018 and when 2018 comes he won't get it then either.
I'm sure some will defend AB and say "but AB completed the sale for El Limon and when it concluded it was a joyous time for RRR shareholders". LOL! When the El limon sale was first mentioned in May 2014 the Red Rock share price was between 0.25p-0.27p and when the deal concuded over a year later the RRR share price was around 0.07p. A few weeks later RRR invested in the cr*pness that is Elephant oil (we are still waiting for the first E.O update) and on that announcement the RRR share price was 0.05p. Then a few weeks later when elephant sold off there RRR shares the RRR share price was around 0.03p
Of course a 25-1 share consolidation has happened since then and so that explains the now higher RRR share price
It is highly unlikely that AB will be investing heavily in RRR as his model is to remove cash from a company rather than put it in! He has been doing it for years and years and investors continually allow him to get away with it.
I note also that today's RNS and the SC update before it (28th July) make no mention of the LM#21/22 situation. One starts to wonder if this is yet another project heading for AB's oubliette ! NCT appear to be more interested in the gas prospects.
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