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Michael Masterman talks on WRES potential & Tungsten market


Red Rock Resources Share Chat (RRR)



Share Price: 0.575Bid: 0.55Ask: 0.60Change: -0.025 (-4.17%)Faller - Red Rock
Spread: 0.05Spread as %: 9.09%Open: 0.60High: 0.60Low: 0.575Yesterday’s Close: 0.60


Share Discussion for Red Rock Resources


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robins
Posts: 1,178
Off Topic
Opinion:No Opinion
Price:0.575
RE: New interview
Today 16:08
I was well mugged here. Buyers beware.
 
Prospector
Posts: 2,278
Off Topic
Opinion:No Opinion
Price:0.575
RE: New interview
Today 15:03
Don't forget the "Lottery ticket sized upside" and the "low risk low cost revenue from oil", as stated at last years investor show.
MrMagic
Posts: 10,093
Observation
Opinion:No Opinion
Price:0.575
RE: New interview
Today 13:39
"We highlight the cost savings on the internal workings of the business"

Admin and Exploration Expenses came in at £400,836 for just 6 months
That's equiv to £801,672 for a year and this for a company with only a £3m MCAP !
It's also for a skeleton staff of 4 execs and 1 admin person. What a lot of paper clips they must get through !! Perhaps they are gold plated paper clips?!

"and how this has enabled the company to make a profit"

Profit was stated as £147,662

yet Foreign Exchange Gain was £235,900

so is the company actually operating profitably at this juncture or has it been lucky to have a favourable exchange rate? Clearly without that Foreign Exchange Gain they would have made a loss.

Current Liabilities stated as £1.8ml. They were £1.9m in the previous Annual Report so little has been paid down it seems. Any suggestions on how those liabilities will be paid? Maybe a question to ask next time
share_talk
Posts: 574
Off Topic
Opinion:No Opinion
Price:0.575
New interview
Today 12:40
http://www.share-talk.com/share-news/andrew-bell-chairman-of-red-rock-resources-plc-aimrrr-interview/

Share Talk spoke to Andrew Bell, Chairman or Red Rock Resources Plc. We delve into the news release of the unaudited half yearly results until 31st December 2016.

We highlight the cost savings on the internal workings of the business as well as the forward changes that will be taking place and how this has enabled the company to make a profit at the early stage of the upturn of the commodity cycle.

We also talk about the Jupiter Mine asset and what news flow is expected in the future including the next payment from them.
MrMagic
Posts: 10,093
Observation
Opinion:No Opinion
Price:0.60
RE: Scratching my head
Tue 18:36
More likely it will be sunk into the £1.8m of current liabilities imo !
zumore
Posts: 3,546
Off Topic
Opinion:No Opinion
Price:0.60
Colin + Prospector
Tue 17:04
Well guys whatever Bell's next move is, i'm sure he may give us an hint at the UK Investor show on Saturday when he does his April fools presentation.

From what i've heard him say so far his cunning plan for the next 6-12 months at RRR is to do absolutely nothing.
colinH100
Posts: 1,497
Observation
Opinion:No Opinion
Price:0.60
RE: Scratching my head
Tue 16:53
We could always buy another chunk of Elephant Oil.
lemonade
Posts: 5,728
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.60
Nothing happening
Tue 15:09
Here guys i think you should sell up and buy PCGE!
Prospector
Posts: 2,278
Off Topic
Opinion:No Opinion
Price:0.60
View Thread (2)
RE: Scratching my head
Tue 13:27
Maybe AB will issue some shares to hoover up some more coal projects?
zumore
Posts: 3,546
Off Topic
Opinion:No Opinion
Price:0.60
Correction. That should read
Tue 13:20
"what to do next at Jupiter"




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