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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Red Rock Resources Share Chat (RRR)



Share Price: 0.625Bid: 0.60Ask: 0.65Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 8.33%Open: 0.625High: 0.625Low: 0.625Yesterday’s Close: 0.625


Share Discussion for Red Rock Resources


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MrMagic
Posts: 10,854
Observation
Opinion:No Opinion
Price:0.625
RE: I'd still be surprised if
Today 09:21
Colin: "Didn't the British Ambassador say that Steelmin production would be starting this December?"

Yes, with those ramps he was really spoiling us ! He'll be round with the Ferroro Rocher's soon !
 
zumore
Posts: 4,358
Off Topic
Opinion:No Opinion
Price:0.625
View Thread (2)
RE: I'd still be surprised if
Sun 13:01
To be honest Colin i'm not sure i read that interview. But i recall Bell getting into a twitter argument the other week with a twitter user who locked their twitter account (so non twitter members like me couldn't see what they were saying) but Bell was saying that Steelmin production was always meant to begin in January 2018.

Off topic, i can remember Bell doing a podcast interview a few years ago (it sticks in my mind this interview was around 27 minutes long) and Bell gave an insight into how he invests. He said during the sector slump many companies were doing minimal fundraising, cocooning themselves and not splashing the cash on new assets: Bell said that was not his way of doing things because he believed you should still fundraise to invest in new assets during the downturn. He also said that numerous investment failures didn't bother him because he would just keep plodding on until he invested in that company making asset.

Fascinating insight into Bell's thought process. Of course on AIM this reckless investment approach is of no consequence to Bell because of course it's not his personal money he throws at his useless investments. Though if Bell had never had any listed companies and he was just a dreamer who was always looking to his family and friends to invest in his hair brained money making ideas, of course they would be long since broke.

So i suspect in an AIM less world Bell would be an absolute failure but of course since he found AIM 12 or so years ago he has paid himself an handsome wage for all those years so AIM investment failure are of no financial consequence to him. So because i'm sure Bell has made himself a very wealthy man from both RRR and RGM then i can understand why he get's puzzled when people suggest to him that he is not a success at RRR and RGM.
colinH100
Posts: 1,791
Question
Opinion:No Opinion
Price:0.625
RE: I'd still be surprised if
Sun 12:10
Didn't the British Ambassador say that Steelmin production would be starting this December?
zumore
Posts: 4,358
Off Topic
Opinion:No Opinion
Price:0.625
I'd still be surprised if
Sun 11:49
Steelmin can pay back RRR that huge loan in Jan/Feb 2018 time. Unless of course someone like YA global have offered to loan Steelmin an huge some of money once they are in production.
zumore
Posts: 4,358
Off Topic
Opinion:No Opinion
Price:0.625
RE: Share price
Sun 11:39
Using the currency converter 3,874,560 euros = a whopping £3,456,936.

I'm sure from the RRR chairman's perspective ideally he'd like shareholders to help pay off most of the YA loan and then eventually Steelmin pay back RRR their £3,456,936 loan + the interest.
MrMagic
Posts: 10,854
Observation
Opinion:No Opinion
Price:0.625
RE: Share price
Sun 01:08
Euro 3,874,560. Website malfunction. The Euro sign gets displayed as a pound sign.
MrMagic
Posts: 10,854
Observation
Opinion:No Opinion
Price:0.625
RE: Share price
Sun 01:07
You are right Zu. My mistake. The Steelmin loan is £3,874,560
zumore
Posts: 4,358
Off Topic
Opinion:No Opinion
Price:0.625
RE: Share price
Sat 21:55
Yes I totally agree with all you guys/gals who don't overly rate Bell.

MrMagic, in regards to the YA versus Steelmin loans i think they are fairly level with each other (though I've not done a currency conversion) because Red Rocks loan to Steelmin is actually in Euros.
MrMagic
Posts: 10,854
Observation
Opinion:No Opinion
Price:0.625
RE: Share price
Sat 21:29
Small correction for you Hawaii

RRR loaned $3.8m to Steelmin but the loan with YA was $4.4m

RNS 3rd July
"To fund the Loan, Red Rock borrowed $4,230,750 (now adjusted to $4,400,000) on a secured basis for a term of one year bearing interest at 13% p.a."
matlot
Posts: 21,582
Off Topic
Opinion:No Opinion
Price:0.625
RE: Rules
Sat 20:25
sadly the fca is a useless toothless quango worth jack

atb




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