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Red Rock Resources Share Chat (RRR)



Share Price: 0.575Bid: 0.55Ask: 0.60Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 9.09%Open: 0.60High: 0.00Low: 0.00Yesterday’s Close: 0.575


Share Discussion for Red Rock Resources


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matlot
Posts: 19,589
Off Topic
Opinion:No Opinion
Price:0.475
RE: Re: Elad 13.21
23 Feb '16
haha mrm - i get a feeling that you have recently bought here? arent you forgetting the next dilution due here - with what we have i cant see this being self funding for sometime...............
 
vbeckers
Posts: 3,001
Off Topic
Opinion:No Opinion
Price:0.475
.
23 Feb '16
price rise? hmm must be a placing coming in. Watch out for AB people he will dilute your holding at any cost to keep his admin expenses going.
MrMagic
Posts: 8,842
Observation
Opinion:No Opinion
Price:0.475
RE: Re: Elad 13.21
23 Feb '16
"Magic you think this share could return to its former levels? I am surprised you say that as you have always been cautious about this share and the way the Company is run. "

The situation here hasn't changed much in the past few years TBH. There has always been future potential in the assets but while ever the company persisted in its relentless dilutions there wasn't much of a case for investing early.
Many here made that mistake, investing whilst the company was reliant on placings and CLNs. At some point the company will become self-sufficient. When that happens, the asset values will be regarded better by the markets imo. So I wait to see if that point will actually arrive.
Elad72
Posts: 198
Off Topic
Opinion:No Opinion
Price:0.475
RE: Re: Elad 13.21
23 Feb '16
Hi Robins not bought anymore but wish I had over time to reduce my average and enable me to take my money at break even or even s small profit. Just optimistic on the back of the hike but as said it is normally followed by s retrace the next day. Hope I'm wrong this time
Goldenegg
Posts: 921
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.475
RE: Goldenegg
23 Feb '16
You must have been down to pennies in recent months! I did have a change of heart after my last post and figured if I lobbed in 500 quid for almost 100k I would only need to 3 bag to break even but they wouldn't take my money before close of play so cancelled my buy order. See what tomorrow brings.
robins
Posts: 975
Off Topic
Opinion:No Opinion
Price:0.475
View Thread (2)
Re: Elad 13.21
23 Feb '16
Magic you think this share could return to its former levels? I am surprised you say that as you have always been cautious about this share and the way the Company is run. I need a 20 bagger just to break even and many others need more. Why the sudden optimism? Have you bought some today?
SHADOWW
Posts: 745
Off Topic
Opinion:No Opinion
Price:0.475
Held
23 Feb '16
Quite well today. Was expecting a little weakness near the end but good to stay at these levels.

I was in fact hoping for a small fall for a top up but we shall see.
Jonno41
Posts: 512
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.475
Rise
23 Feb '16
This rise is overdue. There have been quite a few pieces of moderately good news recently, and no real impact on the SP, so this is not surprising, nor do I expect it to stop.

We might have more placings, and AB might do more Elephant Oil type deals which will destroy the company, but if he keeps to cost cutting, getting the Kenyan license back, stronger deals on Oil assets when POO is rock bottom, and if we see a climb in metal prices which is well overdue, RRR might turn out to gain a little of the hideous fall in SP we witnessed over the last few years.

I say this with an understanding that those like myself who paid more than 1p in old money will never see a return, but for the newer investors you might make some here, as long as you accept it's rather risky.

GLA
iimrmobility
Posts: 436
Off Topic
Opinion:No Opinion
Price:0.475
Goldenegg
23 Feb '16
Seems like I have been in here forever. Ave at about 5p so my grands worth is almost worth £4. How many times do I need it too multi bag to break even lol.

GLA
MrMagic
Posts: 8,842
Observation
Opinion:No Opinion
Price:0.475
Elad 13:21
23 Feb '16
Elad72 - "RRR has random habits of big hikes with the same drops the next day so never gets anywhere. I'm long term here and need 1.5 p to see some benefits so am willing this all the way"

Indeed. It has a history of being ramped by concerted groups of people, often just before a placing, and those people disappear soon afterward. Also, I think it is generally accepted that AIM is a traders in/out market rather than a long term investment market but each to their own.

What matters here imo, is how the company funds its running costs and its projects and ventures. Speculating on what a future project may return is fine, but one must also factor in the likely increase in the number of shares between now and that future point of value return. RRR is trying to reach a position where it is self-funding in terms of its running costs so it can cease the heavy dilution it has thus far relied on.

As Kabaa says, at some point in the future this share could return to its former levels, I don't think many would disagree. For that to happen though, imo, the dilution has to stop and real value needs to be seen to be delivered from the projects.

The company has been taking steps to become self-funding. Reducing costs, investing in revenue generating projects etc. It is not yet clear for me though whether it has reached that turn-around point. I wait to see the actual published admin and running costs in the Interim Report which will likely appear in March. I will also wait to see what actual revenue is received from the SC LM#20 well. Those key indicators will give a better picture of reality.

I am not swayed by the traders currently spouting 10-baggers and the usual nonsense, nor have I forgotten the recent AGM resolution requesting authority to increase the share issue significantly here up to a maximum nominal (0.01p) amount of £40,000.

GL whatever happens




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