Register
Login:
Share:
Email Facebook Twitter

Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Red Rock Resources Share Chat (RRR)



Share Price: 0.875Bid: 0.85Ask: 0.90Change: 0.10 (+12.90%)Riser - Red Rock
Spread: 0.05Spread as %: 5.88%Open: 0.775High: 0.875Low: 0.775Yesterday’s Close: 0.775


Share Discussion for Red Rock Resources


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


Ice993
Posts: 89
Off Topic
Opinion:No Opinion
Price:0.875
placing
Today 15:39
Part of the placing crew I take it boys. . . Ahhh well !!!
 
MrMagic
Posts: 10,299
Observation
Opinion:No Opinion
Price:0.875
RE: Resident basher
Today 15:34
@Hawaii

Anyone who pays for someone to bash dilution dogs on AIM needs their head seeing to imo as those companies bash themselves through their own SP value sapping actions. For the record I am not paid to post , I just say it as I see it and I do not consider the posting of facts to be bashing.

Any short position on RRR or anywhere else would have to be declared to the FSA. They maintain a list of all short positions which is updated daily and freely downloadable. Most here are familiar with it having used it to watch YA Global shorting RRR in previous years.

What you call "income" from the gold asset is infact simply the promissory note element of the sale deal. That element was a $1m promissory note payable by Apr 2018. There were other elements to that deal including the tranche payments (all now paid) and the limited royalties at 3% NSR and 0.5% NSR which jointly cover royalty payment to $3m. All of those sale elements have been widely known since April 2015 when they were announced here:

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=9x7tah2p&ArticleHeadline=Columbian_Gold_Assets__Sale_Agreement

Why the rampsters keep dredging up those sale details I have no idea, it's all very old news, 2 yrs old in fact !
There is nothing new, except that CML is paying a portion of that $1m promissory note early as per the recent RNS. .
The initial royalty money received for the first 2 months was pathetic, circa $6000, reported here:

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=gjg2bi9k&ArticleHeadline=Update

Your statement of "In any case there is no need, they have only just recently received the Jupiter Mines dividend" is entirely subjective and baseless. Only the BoD know the current financial situation of the company. The recent interims stated that Current Liabilities were at £1.8m. The Jupiter one off payment of £530k clearly doesn't cover that let alone the yearly admin/exploration expenses of over £800k. All money coming in of course helps and is welcome, but what is needed is real significant repeating revenue/income.

Shoats Creek was supposed to be the project to deliver such income but has proven thus far to be a damp squib (a mere $8,911 received from first revenue distribution). The LM#20 well production then dropped to a tiny 70bopd (14 net to RRR's 20%) and then the well suffered sand ingression. All facts in the RNSs to be read.

Good luck with your (imo) optimistic targets.
Gunnerterry
Posts: 45
Off Topic
Opinion:Strong Buy
Price:0.875
Comedy Hour
Today 15:22
Mr M says......Yep couldn't agree more Ice. Seems fewer and fewer people fall for the nonsense these days though imo...... Yes IMO and your opinion is always negative Mr M.everybody knows this. You are not a share holder so nobody really cares about your opinion, Bye Bye
Clive205
Posts: 1,635
Observation
Opinion:Strong Buy
Price:0.825
Moving up ........
Today 13:34
Close to full ask being paid just under .85

Can see this getting up to .90 today.
HawaiifiveO
Posts: 429
Off Topic
Opinion:No Opinion
Price:0.825
Resident basher
Today 13:09
It is a known fact that bashers are often working for market participants, brokers, market makers, spread bet companies, etc, usually with a position to protect.

I would expect there to be a short position in Red Rock, it looks like recent events have caught a few off-guard.

The main man at Red Rock has stated publicly that there will be no fund raising at the current level of the share price so that old 'bashing' chestnut cannot reliably be used. In any case there is no need, they have only just recently received the Jupiter Mines dividend.

What is pretty clear is, over the short term, there will be some very significant news events. Jupiter Mines may even announce another dividend payment shortly, the last on paid Red Rock £530k

Then consider other income from the gold asset, a payment of $300k is expected imminently.

I personally am looking for a share price over 2p, even then (at 2p) the market cap is under £10m

DYOR
noirua
Posts: 87
Research
Opinion:Strong Buy
Price:0.825
RE: Comedy Hour
Today 12:47
The position is shown in this 2016 Annual Report of Red Rock Resources: https://www.rrrplc.com/wp-content/uploads/2017/02/2016_RRR_Annual_Report-NonHyper.pdf
MrMagic
Posts: 10,299
Observation
Opinion:No Opinion
Price:0.825
Comedy Hour
Today 12:10
The flurry of rampers tells the story every time on this share imo lols.

Ice993: "there seems to be a concerted effort to ramp this share, which normally means a placing is on its way"

Yep couldn't agree more Ice. Seems fewer and fewer people fall for the nonsense these days though imo.

Knowldgebank says "please familiarise yourself with Red Rock's current fundamentals" and then proceeds to cite a Youtube clip! You can only laugh. Any genuine poster who wanted to refer to fundamentals would most assuredly provide a link to the Annual Report wherein the company's true financial situation can be gleaned. Such figures don't factor in their posts though.

How much regular revenue is actually coming in right now Knowledgebank? How much is being expended on Admin Expenses and salaries ? Where are those fundamentals in your posts?

Clive205 says " So with cash coming in it should negate the need for a placing."

And yet AB recently requested authority to issue up to 500m more shares here. He wouldn't do that imo if he anticipated that significant monies were going to arrive from any other direction. Could it be to do with the £1.8m current liabilities ?

A look at the fundamentals is certainly advisable, but I will personally steer well clear of the "jam tomorrow" nonsense being tendered by the trading pundits here. Stick to the actual facts imo.
x54v
Posts: 239
Observation
Opinion:No Opinion
Price:0.825
UVEL the 2nd
Today 11:51
The good thing about RRR compared to UVEL is that there is advance warning.

The UVEL contract was a surprise and most ended up having to pay significantly higher as the price rocketed and the available stock was so thin.

With RRR there is notice in advance of a potentially huge reward. There is every opportunity to buy now before the inevitable uplift.

Much better to get in early and then derisk on the spike when others are having to chase and pay a much higher price.

Such an opportunity where there is likely to be a huge hike in the price and people are aware of it beforehand is rare.
KnowledgeBank
Posts: 23
Research
Opinion:Strong Buy
Price:0.825
Ice993...
Today 11:42
Ice993, Alexander Pope, the world-renowned 18th-century English poet (best known for his translation of Homer), once opined that, "Little knowledge is a dangerous thing."

Ice993, please familiarise yourself with Red Rock's current fundamentals and newsflow. You'll arrive at a markedly different position from your previous post.

Here's a good start, from last month's UK Investor Show:

https://www.youtube.com/watch?v=2OpaPCiz1TM

.
Clive205
Posts: 1,635
Observation
Opinion:Strong Buy
Price:0.825
RE: Placing coming
Today 11:35
Point taken given the co's history however things are looking a lot rosier than has ever been the case for income.

Should get the royalty from Para Resources in the next 2 weeks, plus I'm expecting Jupiter to make an announcement in a fortnight or so with their year end results about another dividend / buy back. So with cash coming in it should negate the need for a placing.

The Tshipi sale/IPO is a bonus.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.