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Red Rock Resources Share Chat (RRR)



Share Price: 0.525Bid: 0.50Ask: 0.55Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 10.00%Open: 0.575High: 0.575Low: 0.525Yesterday’s Close: 0.525


Share Discussion for Red Rock Resources


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Dukey123
Posts: 2,078
Off Topic
Opinion:No Opinion
Price:0.525
for the record
Today 02:29
I hold shares but despise Andrew Bell. . . Open and honest tho he knows who I am and why I am so hatefull towards him. . .
 
Dukey123
Posts: 2,078
Off Topic
Opinion:No Opinion
Price:0.525
laymans terms
Today 02:25
Amdew bell is a wan k er
Dukey123
Posts: 2,078
Off Topic
Opinion:No Opinion
Price:0.525
Groundhog day
Today 02:23
For all those unfortunate to have been in this share long enough, we wll know this rise after a placing is for one reason and one reason only. . . For the parcipitants to clear there shares as quick as possible. . .with total disregard to PI. Word of advice . . I think Andrew Bell.is a lying scheming untrustworthy individual. . . Please be wary before you invest in ANY company he is associated with.
MrMagic
Posts: 8,778
Observation
Opinion:No Opinion
Price:0.525
RE: good update
Today 00:08
Really how realistic are those numbers isdeer? Bear in mind that RRR's royalty is 3%. So factor that up to 100% for El Limon. Doesn't add up to my mind.
isdeer
Posts: 1,901
Off Topic
Opinion:No Opinion
Price:0.525
RE: good update
Thu 23:43
Magic,

How on gods earth is being owed $3m in royalty's over an estimated 10 years a negative.
That's 25k a month, more than enough to cover AB's salary and maybe his pension pot.
PABLOG
Posts: 5
Off Topic
Opinion:No Opinion
Price:0.525
SP
Thu 16:54
Great predictions rampers!
MrMagic
Posts: 8,778
Observation
Opinion:No Opinion
Price:0.525
View Thread (5)
RE: good update
Thu 10:28
Rampers out in force again.

Let me take a look at oilriches post:

"Alone GRL is worth over £250k"

Yep but as we have seen with other investments, we have no idea if and when AB will sell them for a profit. Jupiter shares could have seen us with £30m a few years ago but weren't all sold at high value. In RGM the Alba holding was sold off just prior to the great HH news flow which would have massively raised their value. Today's RNS says the GRL holding is worth £233,055 compared with an acquisition cost of £112,500. Great so there's £100,000 clean profit. Are we going to sell to realise that profit for shareholders then? Or are we just going to let that profit sit there and raise cash the usual way?

"another £750k that will come in shares from Columbia company, plus £150k payment in august, plus we get royalty payments"

Funny how rampers can never spell Colombia ! The Colombia deal was announced way back last year in Apr/May 2015. All the payments and royalties were detailed in there. Therefore they are all already priced in to the SP, long since. The royalty is a 3% net smelter return and is there until it pays $2m after that it drops to 0.5% NSR until a further $1m is received. A broker report was issued by Dowgate Capital on 20th Jan this year. Concerning the Colombia deal it said:

"Remaining outstanding payments owed to Red Rock come to US$4.45m, of which the royalty element comprises US$3m, spread over an estimated production period of 10 years."

Personally I can't see the point of factoring that royalty in at this stage if it is going to take 10 years to recoup that $3m. I dare not imagine how many shares will be in issue by then !

"we also raised £400k recently"

Yep, and the placing RNS told us that the money was going to fund the Shoats Creek drilling for 2016 and today's RNS confirms that "Red Rock has funded its proportionate share of the cost " in respect of the LM21 WI so presumably some/much of that money is now spent.

"That alone makes up most the current cap without Jupiter, usa asset"

Except that you haven't bothered to factor in any running costs, Admin and expenses costs etc , nor have you listed any liabilities. Adding up a few assets in isolation is somewhat silly imo. You should, imo, factor in the number of shares in issue and the additional number there will be by 2017. The share issue has just been increased by over 50% at a discounted placing price of 0.42p
panda1
Posts: 1,820
Off Topic
Opinion:Sell
Price:0.525
Share price weakness
Thu 10:26
Perhaps Unity Mining are selling the 21 million shares that they received recently. Also there is likely to still be a big overhang from the placing. The share price is still trading at a significant premium to the placing so I would have thought some places would be very happy to sell their shares at a decent profit and keep the warrants which will still give them exposure to any substantial long term upside without any risk
bouncer
Posts: 13,633
Off Topic
Opinion:No Opinion
Price:0.525
Muted
Thu 10:04
Well well, not today then
phantomracket
Posts: 3,113
Off Topic
Opinion:No Opinion
Price:0.525
View Thread (2)
AB is AB
Thu 09:37
I personally will never ever trust him and will never put another penny in a company run by him.
But I believe what goes around comes around.
I say no more.




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