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Red Rock Resources Share Chat (RRR)



Share Price: 0.26Bid: 0.25Ask: 0.27Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.02Spread as %: 8.00%Open: 0.26High: 0.26Low: 0.255Yesterday’s Close: 0.26



Share Discussion for Red Rock (RRR)


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Ladeside
Posts: 3,511
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (2)
RE: Lades
11 Jun '14
MR M, I don't get your point.

The 11 million I quoted was in relation to the ISDX volume so far today.
 
biffbaffboff
Posts: 1,134
Off Topic
Opinion:No Opinion
Price:0.36
dilution
11 Jun '14
The modus operandi for this company, is and always will be, raise funds, explore, prove up, sell (keeping back a royalty for the future), and finally use the money to repeat. We have tried buying a mine so we can receive an income but it didn't work. And I doubt AB or even RRR is going to give it another go.
So far, the final hurdle of selling is proving difficult, therefore, to raise funds we have had to diliute. Unfortuately, this has been at a terribly low price and which has meant many of our (PIs) investments have been decimated.
But, RRR will sell Greenland and (probably) receive a royalty. RRR will receive further trances of $4mil from APFand 0.75% royalty when Mount Ida goes into production. And RRR will realise some value in Kenya. And maybe RRR will find something in Ivory Coast.
lefthandedgolfer
Posts: 336
Off Topic
Opinion:No Opinion
Price:0.36
Just
11 Jun '14
the same old repetitive garbage regurgitated over and over, so fecking boring!
zumore
Posts: 770
Off Topic
Opinion:No Opinion
Price:0.36
GGP
11 Jun '14
is doing well today too. Maybe people are realising what a gem AB is?
biffbaffboff
Posts: 1,134
Observation
Opinion:No Opinion
Price:0.36
broken record...
11 Jun '14
....
MrMagic
Posts: 7,094
Observation
Opinion:No Opinion
Price:0.36
View Thread (2)
Lades
11 Jun '14
"over 11 million volume"

Not much in comparison to the 113m issued (30th May), the 40m converted in the first tranche of the current £550K CLN and whatever additional volume they have been converting since then. Still £460Ks worth to go. Yes it's better for us if they convert at higher SPs but TBH, if we're resigned to raising these kind of sums mostly for debts and working capital then it's all bad imo. You say it is not affecting the price negatively but I don't agree. This buying and the news flow we had might well have lifted us out of the doldrums were it not for the dilution. If we need to raise these sums then imo the proceeds should be dedicated to projects that will provide cash such that further dilution is vastly minimised.
Ladeside
Posts: 3,511
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (2)
RE: lades
11 Jun '14
Yes, at the end of the day we need the cash and it's best that they can dump into this volume and not effect the price negatively as opposed to trying to convert in the low 0.20's, which would have been catastrophic for us.
Dukey123
Posts: 344
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (2)
lades
11 Jun '14
Yes at least they converting a lot less shares than we thought a week ago. Massive plus
Ladeside
Posts: 3,511
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (2)
RE: lades
11 Jun '14
Dukey, I'd imagine YA are converting in to the volume as there has been a 4 million & 2 million sell over on ISDX so far today (over 11 million volume), but I'd still have expected some more positive movement.
Dukey123
Posts: 344
Off Topic
Opinion:No Opinion
Price:0.37
View Thread (2)
lades
11 Jun '14
I would imagine a large background sell ????



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