Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Best post of the day. Magic, you need to really get a hobby. Want me to sign you up for introductory yoga pal? Keep bashing away being bitter as RRR continues to rise. You lost, get over it, 10 years later. This is now in a healthy position. Maybe you could buy 1 share just to hedge your bets against the months of your life you’ve lost posting here for...zilch
Mining exploration companies don’t tend to generate revenue - they bring assets online and sell them. Lots of flops and just need a few good ones. If you want revenue generation I would suggest looking at Walmart. Jeez, you’re comparing apples to pears and would suggest a different outlook if you want to make any money
Tragic you are a moron.
1. RRR never lost the licences: it was agreed in the court settlement in Oct 2018 that RRR would apply for the licenses to be reissued under the Kenyan Mining Act and it would be done expeditiously.
2. Every other mining license has to be reissued in the same way. Barrick got theirs issued a few months ago.
3. The process is laid out in the legislation and the Kenyans control the process not RRR.
4. In September 2019 the Kenyan Mining Rights Board recommended that the licenses be reissued to RRR: it is on the Kenyan Mining cadastre.
5. Steps after that have to followed and AB has confirmed that RRR has done all that and is now just waiting for the final bit. Listen to his interview from Monday.
6. As with everything else the final confirmation has been slowed by COVID. Without COVID we would have them reissued months ago.
You know all of the above because I have posted it all before but your response is.... But but but Andrew Bell.
$2,000 gold this week: a great time to get the confirmation. Just hang around a little bit longer. And yes AB has been as frustrated as everyone else.
xx
DYOR
https://twitter.com/johnh13579/status/1288574785119760385?s=19
Drlong - "Look at revenue over last 10 years,but all the promises"
Indeed. between 2012 and 2019 the company has incurred losses of some £40m
It has raised over £16m cash by brutally diluting shareholders with "death spiral financing"
It spent over £12m just on Admin and expenses
It is the very definition on an AIM lifestyle outfit imo. The rampers only ever offer the same old "jam tomorrow" rhetoric whilst desperately trying to tell people that a dire track record established over 10+ years is of no relevance.
Yes there will always be odd spikes and the traders on the inside track will always play the naïve mugpunters to profit at their expense. With literally 100s and 100s of far better, stronger companies out there just now which are delivering massive returns on COVID swings and with decent BODs and who haven't got a ton of Convertible Loan Notes ready to drop, I find it incredulous that anyone would even give this POS a second glance, but it takes all sorts and each to their own.
Long term im not bitter,the company has been a con for years!
Nothing will ever come of this company,its a pump and dump and always has been .
Look at revenue over last 10 years,but all the promises
Vbeckers - finally a sensible poster here. I have a lot of respect for your last comment. That’s why we have a market, some are right, many wrong. But don’t sit bitter hoping a company fails like magic. You can have an argument sure, that things haven’t gone as planned for a few years and yes, that raises questions - but it seems positive news flow coming here. The rise will continue in my opinion
Magic - did you REALLY just go an pull lots of quotes from one poster over several years? Get a life fella. What are you achieving except wasting your time and life. People making solid returns here now (and doesn’t go to mention if someone was sad enough they could go and pull the literally hundreds of times you have said ‘placing coming’ when, well, it hasn’t. You’ve been wrong hundreds of times by pasting the same drivel. A clock is right twice a day - eventually by pasting the same rubbish you’ll get it right. Imagine the money you could have made putting all that time into something else, like, say, working at Pizza Hut. Onwards RRR
Please please do invest, if you’re a good trader and can dyor. Unlike some bitter people that lost money. Lots of positivity now, things have changed. Onwards and upwards. 250% increase says it. You could have made good money already (rest to come) but you sit and be bitter over your poor trades previously. Oh well
please please dont invest here ,this whole outfit is a con,has been for years ,it just releases money of the private investor to pay salaries
This is the update that RRR provided on the licence situation in Sept 2019:
https://www.lse.co.uk/rns/RRR/red-rock-resources-update-on-kenyan-interests-gz8dtjtw4atfyaq.html
This is how Kenya news reported the situation when RRR had its license revoked :
https://www.nation.co.ke/business/Row-over-permits-robs-Migori-gold-of-its-glitter/996-3829916-5t3ec6z/index.html
Worth a read imo
Helpful has been trying to pump the angle of an "imminent Kenya License" since 2018 !! lols
His posts:
Oct 2018 - "What does priority mean? It means that RRR's application gets considered before anyone else's: see section 56."
Nov 2018 - "We can't be too far off them confirming things on DRC, Migori and Steelmin."
Nov 2018 - "we are due imminently news on the license at Migori"
Nov 2018 - "it has resolved the issues with Migori and is expecting the licenses back any day"
Feb 2019 - "I expect the Migori license back shortly and that will fund the further work needed on the licenses"
Feb 2019 - " he [AB] is expecting to get the license back for Migori anytime now."
Mar 2019 - "The CLNs will be looking very healthy shortly. Get Migori sorted and a bid for Musonoi and AB will be a hero again!"
Mar 2019 - "we will likely get Migori back in the next few weeks"
Apr 2019 - "Two big steps coming up: get the Migori license back and execute the JV"
Apr 2019 - "The short term play is to get Migori back, sell it"
May 2019 - "Migori must be getting close now"
May 2019 - "We are due something from any of the following soon: News on Migori license"
Jun 2019 - "Migori - I anticipate a lot of progress here over the next two months"
Jul 2019 - "I expect the Migori license to be forthcoming"
Jul 2019 - "Fingers very crossed we should get the Migori license very shortly"
Aug 2019 - "fingers crossed for getting the Migori license back soon"
Aug 2019 - "It sounds to me that AB thinks Migori is nearly sorted.. "
Sep 2019 - "Anyway, hopefully AB gets this Migori license sorted out soon."
Oct 2019 - "We are on the last leg of getting the license(s) back on Migori"
Oct 2019 - "In the meantime we await the final piece of the jigsaw on Migori."
Dec 2019 - "In the meantime we await the final piece of the jigsaw on Migori."
Dec 2019 - "Migori is very close but it has been close for a while."
Jan 2020 - "When the Migori license gets issued is in the control of the Kenyans. All RRR can do is meet all the requirements for the license to be issued"
Feb 2020 - "I am expecting that the company will eventually deal with Migori"
You can but laugh at this relentless ramping monologue. He equally ramped Steelmin and that went into administration and prior to that ramped Shoats Creek which was a dismal failure and was written off.
Anyone who follows such clap trap simply deserves to lose their money. It's always "jam tomorrow" and "this time next year Rodders". I won't personally get mugged by lame rampers especially those who are locked in holding CLNs here who need the SP to get to 0.6p in order to convert their notes and release their cash. Be sure to do your research. It's really not that difficult, just look at the basics in the Annual Reports imo.
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/progress-report---african-exploration-assets/201806150700024789R/
I notice Helpful forgets to mention this RNS when he talks about the Kenyan gold asset.
RNS says:
"Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation ("Kansai") of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018 ("2018 Agreement"). The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a $50,000 payment, leaving Red Rock with a 100% interest. In the event of a renewel or reissue of licenses covering the Assets the Company will within three months make further payments, subject to such renewal or resissue not being on unduly onerous terms, as follows: (1) $2.5m payable in cash, (2) a $1m promissory note payable 15 months after issue, and (3) £500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue"
Andrew Bell, Chairman of Red Rock comments: "The solution arrived at in relation to MMM gives us the flexibility of action that will maximise the chance of our being able to obtain license renewal and then to progress the project."
These things are news driven:
Gold hasn't moved up further: waiting on confirmation that the Migori license paperwork has been completed; waiting on the next information on Victoria (likely to be the NC 43-101); waiting on DRC news (doesn't open up till 15/07); waiting on news on the JMS iron ore assets (likely to be confirmation of appointment of advisers).
But you know all that because, well you are an expert and read everything, don't you?
DYOR
Of course there was a decent indicator on 14th July when former 13% holder peter Gyllenhammar reported he'd dumped shares and was at that point left holding only 2.84%. He's probably dumped more since imo.
The recent pump appears to have run out of steam, plenty of sells now. Hope people don't get left holding the baby if it drops back to 0.4p levels. I wonder how many will want to stay holding as we go into the weekend.
Lots of stocks across the markets are plummeting because of second waves of the virus. One I have been watching dropped 35% in just a few days. Happens so quick. You have to take profit when you have it at the moment imo.
Yep the past as in say the last twelve months but going back ten years???
Yeah clutching at straws... you said the same at 0.15p you saddo.
Anyway any thoughts on Fosterville South? Good news for those active in Victoria, hey?
Admin Expenses for 6 months were £282k equiv to £564k a year
Other Project Expenses were £126k equiv to £252k a year
Both numbers are very obviously simple projections to the end of the year based on the 6 month expenditures
Suggesting that one can't project those forward on the basis that they are adhoc is utterly puerile.
Other project costs for year ended 30th June 2019 were - £158,689
https://www.lse.co.uk/rns/RRR/final-results-l12ratw2f8ciuzt.html
Other Project costs for year ended 30th June 2018 were - £306,666
https://www.lse.co.uk/rns/RRR/red-rock-resources-annual-financial-report-2018--6uelgz7fpl69da6.html
I think people can make up their own minds how much Other Project Costs will be for the full year if they are £126k for the first 6 months.
Desperate stuff from you. Clutching at straws
DYOR
https://twitter.com/RRR_RedRock/status/1288472606400749569?s=20
More lies.
Ongoing admin expenses were £282k so on a full year basis £564k. Project costs are non-recurring and are incurred as and when we do work on them. We know that costs have been reduced further: I would expect admin to come out at about £500k for the full year.
https://www.lse.co.uk/rns/RRR/half-year-report-8hiadp3rx2qe9re.html
DYOR
https://www.investegate.co.uk/article.aspx?id=201212141413455923T
· Mineralisation at all prospects remains potentially open at depth (including down plunge) and along strike of key higher grade zones.
Some mineralised portions of the deposit remain open at depth or along strike. These areas of open mineralisation as well as any gaps in information or potentially coherent higher grade shoots will be targeted in future resource development work. Detailed delineation drilling will only be completed to upgrade the Resource to Measured category as part of a feasibility study should there be areas where the Indicated mineralisation is considered likely to be sufficient to generate mineable Reserves in the near term.
In this case "open" means that there is more.
This is the more... https://www.investegate.co.uk/red-rock-resources--rrr-/rns/exploration-update---migori-project--kenya/201312111048242731V/
Work stopped because of the legal dispute.
BFS
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/update---kenya-and-colombia/201401171226439517X/
DYOR
https://www.munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/
That trade was agreed Monday morning and got put through yesterday because the people at VP bank had issues about settling with the counterparty. I know both sides of the trade and set it up.
As usual DYOR.