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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: 0.60Low: 0.575Yesterday’s Close: 0.575


Share Discussion for Red Rock Resources


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Orion10
Posts: 248
Off Topic
Opinion:No Opinion
Price:0.575
Zumore
Today 03:47
The only person I know who can write ten pages of waffle and say nothing ! A master of obfuscation.
 
zumore
Posts: 2,869
Observation
Opinion:No Opinion
Price:0.575
Didge says
Sat 14:05
" Brilliant at terrible purchases for rip-off prices, useless at sales or making any return for investors."
....
THAT ^^^^^^ is the perfect summing up of Bell.
Didge
Posts: 2,737
Off Topic
Opinion:No Opinion
Price:0.575
RE: cgm
Sat 07:51
The only large deposits Bell has any understanding of are those that relate to his bank account.
Orion10
Posts: 248
Off Topic
Opinion:No Opinion
Price:0.575
cgm
Fri 17:28
GRL has a project next to Obuasi -do your research -the huge Anglo mine has been closed for months over run by illegals with an application to the international court. As usual Bell is in hopeless jurisdictions with sus deals like Kenya - presumably a mine in Syria is next !
MrMagic
Posts: 8,840
Observation
Opinion:No Opinion
Price:0.575
RE: RGM proposed deal
Fri 15:09
cgm - "That doesn't mean it can't recover though. A lot has changed"

Has it?

BOD still taking salaries despite dire performance and making a loss year on year

BOD still requesting authority every year to dilute massively

BOD still diluting and issuing shares at discount to prevailing SP

BOD still talking the talk and not walking the walk

BOD still spreading the available money thinly across lots of projects/ventures instead of making one, just one, any one, flourish into a huge success.

BOD still setting up joint share holdings in other companies (You hold my shares, I'll hold your shares etc)

What has realistically changed? Some cost cutting yes, shed a few employees, reduce office costs and some attempt to establish revenue streams with the ultimate hope that running and project costs will be covered and dilution won't be necessary, however I suspect we are a ways off that point yet.

I'm still not seeing any revenue figures for El Limon royalties
I'm still not seeing any revenue figures for LM20

If they were in any way significant I would expect AB to be shouting it from the rooftops wouldn't you?

Nope, for the moment the overall Modus Operandi looks pretty much the same to me. Lot's of sound bites and jam tomorrow promises but thus far little in terms of published financial substance. For what it is worth, I think the change in strategy was the right one, but I think it will take a long time before the company is able to recoup its project costs and put an end to dilution here. Happy for you to believe otherwise. The markets however have consistently failed to send this SP skyward and my instinct is to believe the markets rather than the "recovery" hype, at least at this early stage.
diamondsinthesky
Posts: 33
Off Topic
Opinion:No Opinion
Price:0.575
RRR
Fri 11:06
Looks cheap and should be some value from here.
But is cheap for good reason, company has terrible track record
Didge
Posts: 2,737
Off Topic
Opinion:No Opinion
Price:0.575
RE: Goldstone
Fri 09:48
The potential in our holdings in MTR has now fallen by 40%. The potential in Elephant Oil is now pretty much worthless. Just like the RGM deal at Horse Hill and the potential that was staring him in the face with Jupiter, he just doesn't have a clue. You can bet your bottom dollar Johnson would have taken the money and run!
cgm3100
Posts: 505
Off Topic
Opinion:No Opinion
Price:0.575
RE: Goldstone
Fri 09:39
Emphasis on potential
cgm3100
Posts: 505
Off Topic
Opinion:No Opinion
Price:0.575
RE: Goldstone
Fri 09:39
Because there is much more upside potential
Didge
Posts: 2,737
Off Topic
Opinion:No Opinion
Price:0.575
Goldstone
Fri 09:38
Why hasn't AB sold the shares for a profit?




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