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London South East Natural Resources Webcast


Red Rock Resources Share Chat (RRR)



Share Price: 0.925Bid: 0.90Ask: 0.95Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 5.56%Open: 0.925High: 0.925Low: 0.925Yesterday’s Close: 0.925


Share Discussion for Red Rock Resources


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zumore
Posts: 4,700
Off Topic
Opinion:No Opinion
Price:0.98
View Thread (2)
Being both a JMS and RRR holder
22 Mar '18
I'm sure Dan Sklan (or d_s_) can answer which gives him greatest joy in his heart from the Jupiter buyback payments. Is it when RRR get the Jupiter buyback payments and he doesn't get a penny from it? or is it when he is a direct Jupiter shareholder and when Jupiter pay out buyback payments he receives all that buyback money himself?
 
zumore
Posts: 4,700
Observation
Opinion:No Opinion
Price:0.98
RE: Big Seller
22 Mar '18
Maybe Peter doesn't get joy in his heart that RRR receive buyback money from Jupiter and then RRR don't pass that money on to RRR shareholders? So maybe Peter is selling up in RRR and then when Jupiter relist he'll buy into Jupiter and then if Jupiter give out any buyback or dividend money to Jupiter shareholders in the future then he (Peter) will directly receive that money?
richie41
Posts: 53
Off Topic
Opinion:No Opinion
Price:0.98
RE: Big Seller
22 Mar '18
Strange timing but each to their own. Surely waiting a month would have been better.
maestro1
Posts: 4,625
Off Topic
Opinion:Strong Buy
Price:0.98
RE: Big Seller
22 Mar '18
plan is to sell half his shares
maestro1
Posts: 4,625
Off Topic
Opinion:Strong Buy
Price:0.98
RE: Big Seller
22 Mar '18
he purchased alot cheaper probably top slicing.
panda1
Posts: 2,667
Off Topic
Opinion:No Opinion
Price:1.005
Big Seller
22 Mar '18
Why is Peter Gyllenhammar sellling?
maestro1
Posts: 4,625
Off Topic
Opinion:Strong Buy
Price:1.025
RE: I M more minded
22 Mar '18
Seingred

Ok, not long for the IPO we shall see. JMS will be trading above 40c on ipo day... Steelmin will also be in production by then
MrMagic
Posts: 11,339
Observation
Opinion:No Opinion
Price:1.075
View Thread (3)
RE: I M more minded
21 Mar '18
Wholeheartedly agree Seingred. DS previously had a holding here in excess of 10% but saw it diluted to oblivion along with many others. He has far more respect and knowledge here than the feckless rampers desperately trying to pump any angle they can for their own ends whilst continually trying to brush all the coming dilution under the carpet..

Throughout 2017 Jupiter shares were available to buy privately on a certain website and that website stated that they were on sale at $0.35. There were clearly no takers as that offer sat open for months on end on that website. It has only recently now been removed/closed. That fact doesn't lend itself to the notion that the markets value JMS shares at 40c imo. It was equally very telling that the numerous rampers here telling us how many £millions Jupiter is worth, didn't snap up those private Jupiter shares instantly.

Whilst an IPO means the JMS shares can be traded, the problem imo is that AB is highly unlikely to ever sell them as they represent the "crown jewels" here. They have for some time been the asset that underpins the MCAP.
My opinion here is based on the readily gleaned history of how JMS shares were previously managed by this BOD.
There were over 74m shares back then and if they had all been sold at a high price they would have been worth £25m to £30m. Unfortunately for shareholders AB was obviously reluctant to sell them, a possible factor being that AB has a seat on the board of Jupiter. This is how the JMS shares back then were managed:

5m were sold at the high price of 55c a share
14m were sold at 11c a share
40.5m were sold at 7c a share

A pretty disastrous result for shareholders imo. There is nothing that has changed here that would lead me to believe that AB would act any differently. He will always, imo, favour issuing more shares to raise cash from thin air rather than sell those Jupiter shares. Hence whatever value people perceive the shares have is entirely notional imo. There will always be dilution here imo until and unless decent recurring revenue streams are established that exceed the ongoing running costs as DS rightly describes.
Seingred
Posts: 2,465
Observation
Opinion:No Opinion
Price:1.06
View Thread (3)
I M more minded
20 Mar '18
To listen to a significant holder of jms and formerly of rrr before dilution,than ill informed faceless rampers.cheers ds.bet you wish you had just bought jms shares and given rrr the body swerve.which is what all the rampers here should do.that way any windfalls from jms are greatfully recieved instead of watching mcchubb use it up.
Time will tell with steelmin,but forcasts for el limon production and the pittiful ensueing production should make people wary of any predictions.Also of course the pathetic situation over at rgm with the coal that should have been produced by now.nothing is a given here.
maestro1
Posts: 4,625
Off Topic
Opinion:Strong Buy
Price:1.06
RE: Jupiter
20 Mar '18
Well Jupiter will ipo next month we will see where it goes.

You should be happy with your JMS holding considering they were low 7c when they were delisted. Tidy profit




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