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Red Rock Resources Share Chat (RRR)



Share Price: 0.215Bid: 0.21Ask: 0.22Change: -0.005 (-2.27%)Faller - Red Rock
Spread: 0.01Spread as %: 4.76%Open: 0.215High: 0.22Low: 0.215Yesterday’s Close: 0.22


Share Discussion for Red Rock (RRR)


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Ladeside
Posts: 3,712
Off Topic
Opinion:No Opinion
Price:0.26
EXCITING STUFF
29 Jul '14
nm
 
Dukey123
Posts: 403
Off Topic
Opinion:No Opinion
Price:0.27
nice
28 Jul '14
Big buy
isdeer
Posts: 1,783
Off Topic
Opinion:No Opinion
Price:0.26
View Thread (2)
RE: El Limon Update
25 Jul '14
CPFC84,

I 100% agree, his salary needs to fully reflect the present circumstances, I see no reason why holders funds are being frittered away to pay for his continued failings to deliver share holder value, that goes for him and all his team. He really needs to man up and grow some ball$ and provide clear dates for this transaction to complete as we the share holders are sick to the back teeth of being fed this continuing trend of woolly bull$#it
CPFC84
Posts: 532
Observation
Opinion:No Opinion
Price:0.26
DTM
25 Jul '14
Hi DTM just venting frustration, will go back to the sidelines now : - )

Cheers.
Dan_The_Man
Posts: 7,249
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.26
Cpfc84
25 Jul '14
Hello mate ~ it's been a long time... Long time since I emailed ya... Glm, speak soon...
CPFC84
Posts: 532
Observation
Opinion:No Opinion
Price:0.26
View Thread (2)
El Limon Update
25 Jul '14
Bad update in my opinion. So in the space of a week we have gone from Aug to Oct for a completion date. They don't have to pay anymore deposits until Sep 14, when they should have paid now. And other parties probably can only look at data cubes for due dilligence (if that) and not inspect the mine.

Absolutely pathetic - and there will probably be another £200k CLN after this one completes to make sure payroll goes out, with Mr Bell a large slice of that. It will achieve nothing, but I feel as though I want to go to the AGM in December and ask him to his face if he is embarassed by his salary given the fall from 16p to a quarter of a penny.
MrMagic
Posts: 7,174
Observation
Opinion:No Opinion
Price:0.26
re: Funding
25 Jul '14
Yep I tend to agree which is why I queried this. First part talks about £445K. The 2nd part talks about £45K, £100K and £300K separately. I can't see where BAM BAM gets 600m from. The nominal price of shares is 0.1p (AFAIK) so £445K translates to 445m shares does it not?

Regardless the various fund raises this year so far have been:

21 Jan - 76.5m (placing)
24 Jan - 30m (2013 CLN)
30 Jan - 11.3m (SIP)
24 Feb - 40m (2013 CLN)
04 Mar - 21m (DS private placing)
21 Mar - 53.4m (2013 CLN)
07 Apr - 15.7m (SIP)
30 May - 39.7m (2014 CLN)
25 Jun - 75.3m (2014 CLN)

The above totals approx 363m

There then remains approx £260Ks worth of the current £550K CLN to convert, which at current SP (0.26p) would be another 100m shares or so taking us to 463m shares.

So I'm a little confused. Is it possible that some of the shares in the above list are not applicable to the yearly allocation? But either way we seem to be close to that 445m figure. What are we missing?
chalkminer
Posts: 6,231
Off Topic
Opinion:No Opinion
Price:0.26
Funding
25 Jul '14
Reads to me like 400M shares...and 45M to do the last deal of last year..may have to hand back their 27m freebees again
MrMagic
Posts: 7,174
Observation
Opinion:No Opinion
Price:0.26
Funding
25 Jul '14
Has anyone read BAM BAM's suggestion over on ADVFN that :

"RRR only has the authority to raise £300,000 going by the last placing price.
An EGM to request renewed authority looks likely around early September time."

http://uk.advfn.com/cmn/fbb/thread.php3?id=29066581

His theory is that at the last AGM, authority was granted to issue 600m shares between then and the next AGM and that about 468m of those are already accounted for in 2014 issues and the current CLN. Personally I'm not clear on the numbers as there are a lot of different numbers mentioned in the AGM PDF so would be helpful if someone could clarify. PDF here: (http://www.rrrplc.com/files/5313/8485/9601/_0_RRR_ar13_NOM.PDF ).

If he is correct then this is an area to watch imo.
Dan_The_Man
Posts: 7,249
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.26
View Thread (2)
RE: YA
25 Jul '14
Remember they have them ridiculous equiry swaps running too, thats what you call playing with fire and getting too deep...



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