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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Red Rock Resources Share Chat (RRR)



Share Price: 0.875Bid: 0.85Ask: 0.90Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 5.88%Open: 0.95High: 0.95Low: 0.875Yesterday’s Close: 0.875


Share Discussion for Red Rock Resources


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isdeer
Posts: 2,460
Off Topic
Opinion:No Opinion
Price:0.575
RE: Though many RRR shareholders
5 Apr '17
Prospector, leave me to tell the jokes.
 
Prospector
Posts: 2,523
Off Topic
Opinion:No Opinion
Price:0.575
RE: Though many RRR shareholders
5 Apr '17
On the contrary isdeer, I think you will find that the RRR critics are actually the ones who a clever enough to avoid companies like this, and therefore are making money. As Charlie Munger would say "my success is largely down to avoiding big boners".
isdeer
Posts: 2,460
Off Topic
Opinion:No Opinion
Price:0.575
View Thread (2)
RE: Though many RRR shareholders
4 Apr '17
Zumore,

Or he could just ask you for investment advice, maybe you can team up with magic, prospector and didge, oh wait a minute, your already are a tag team. Maybe you could form a stock pickers consortium of advisors, oh wait a minute you already are. What about a group of sad individuals who have lost their money on a stock and cant move on, you could join that team. oh wait, too late.
Cityfan
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.575
View Thread (4)
Didge
4 Apr '17
Grow up.
zumore
Posts: 3,841
Off Topic
Opinion:No Opinion
Price:0.575
Though many RRR shareholders
4 Apr '17
do think it is a better option that Bell does nothing with this money because they know he has an awful track record at picking good projects. So instead of Bell quickly squandering the money away on a bad project they much prefer him to do nothing and make that money last longer.
zumore
Posts: 3,841
Off Topic
Opinion:No Opinion
Price:0.575
Pumper J (PJ) on twitter yesterday
4 Apr '17
"Back the companies that go and spend money on exploration - not just board costs & marketing telling everyone how amazing projects are."
...............
RRR last August raised £300,000 with a placing then soon afterwards received another $225,000 tranche from El Limon + they cashed in around £30,000 in GRL shares + received El Limon royalties: so since end of Aug 2016 they've had around £540,000 in money. Andrew Bell's big brag with that money was that RRR hadn't done a placing in many months but with certainty we can be assured that money has now gone. Look at the RNS's since that placing (24 Aug 2016) and all that money disappeared with no company growing ambition whatsoever.

Also last month RRR received £537,000 Jupiter buyback money and listening to the interviews of Red Rock chairman Andrew Bell, he doesn't want to inflict dilutions on RRR shareholders and he doesn't want to invest in new projects, so RRR shareholders must wait until Merrill Lynch have come up with strategic options for Jupiter mines investment in Tshipi. Mr Bell hopes Merrill Lynch will have come to their strategical conclusions by the end of 2017.

So again Bell is going to be paying himself wages with zero ambition at growing that £537,000 buyback money for RRR shareholders and i'm sure that money will also be gone in a few months. Yes in these next few months i'm sure Bell will also cash in RRR's GRL shares + RRR's MTR shares, so if they are all cashed in Bell will probably have around £650,000 to last him these next few months at RRR.

I'm sure some ambitious chairman would love all the above mentoned money. They wouldn't be just sitting on it supporting themselves, they would instead be using it trying to drive the company forwards. So to me zero surprise this share price is slowly falling because here we have a tired no ideas chairman who is just happy to sit on this money and as night follows day all this money will eventually be squandered away.

It shocking how shareholders persist with Bell!
Prospector
Posts: 2,523
Off Topic
Opinion:No Opinion
Price:0.575
Didge, Magic
4 Apr '17
What's your opinion on the manoeuvre that Steve Moscicki has just pulled off with regard to a placing and investment in RGM? I'm struggling to see how it benefits shareholders.
MrMagic
Posts: 10,379
Observation
Opinion:No Opinion
Price:0.60
RE: Another day....
3 Apr '17
No he's too busy with all his other aliases Didge. Luke1 on the RGM board for example. Lost count of the number of times LSE has removed his accounts. Strange that they allow him to continue coming back and abusing posters and breaking Ts&Cs. It's like he is LSE bulletproof. Go figure . . . .
Didge
Posts: 3,058
Off Topic
Opinion:No Opinion
Price:0.60
RE: Another day....
3 Apr '17
Run out of colouring in work Vini?
Cityfan
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.60
View Thread (2)
Another day....
3 Apr '17
Same old regurgitated trash from Magic and friends.

One day you poor sods will get your life back. I actually feel sorry for you having to do this day in day out. You must look forward to a Monday yippee.... another week on the Red Rock forum.

You lucky things




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