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Red Rock Resources Share Chat (RRR)



Share Price: 0.195Bid: 0.19Ask: 0.20Change: -0.01 (-4.88%)Faller - Red Rock
Spread: 0.01Spread as %: 5.26%Open: 0.205High: 0.205Low: 0.195Yesterday’s Close: 0.205


Share Discussion for Red Rock (RRR)


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MrMagic
Posts: 7,283
Observation
Opinion:No Opinion
Price:0.22
View Thread (3)
re: MCAP
1 Sep '14
Lades - "Colombia currently would be £1.5 million as per offer received"

The guaranteed parts of the currently proposed offer are $2.5m + $1.5m less 7% commission fees. So that's $3.72m in total. MFP I believe owes RRR approx $2.5m for the outstanding loan. Take that away and it leaves $1.22m which at today's rates equates to just £734K. Peanuts.
(please check my calcs in case of error)

Lades - "Greenland -- No value at moment but was £20 million at one point"

Nonsense. You can't place a valuation on an asset based on an offer that didn't complete. If I offer £10m for your house but don't actually go through with it does that make it worth £10m??! An asset is worth only what someone will pay for it. Currently no-one is paying anything for it. Some posters such as Omar on II speculate that it will stay that way until ore prices recover.

The same goes for JMS assets. You won't know how much our JMS shares are worth in a private sale until they are actually sold.

IMO nothing will happen here until the company agrees to stop issuing shares or until the BOD change, just my view.
 
wayne_130
Posts: 366
Off Topic
Opinion:No Opinion
Price:0.22
m/cap
1 Sep '14
Is shockingly low. However it did go lower earlier this year to just above £4million. There's so many more shares in issue now that the low sp gives a better m/cap than before.
Hard to believe that for the price of rrr you will get a 4 bed terrace in chelsea http://www.rightmove.co.uk/property-for-sale/property-30692937.html
Lets hope this doesnt change to the price of a 4 bed terrace in burnley !
http://www.rightmove.co.uk/property-for-sale/property-31935711.html
Ladeside
Posts: 3,878
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (2)
RE: Lades
1 Sep '14
Yes, sorry.

It was Colombia.
Ladeside
Posts: 3,878
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (2)
RE: good realistic posts
1 Sep '14
jolly, you're probably doing the right thing. Silly season appears to be hitting AIM again and who knows, with the right sort of news we could actually see one of these daft 80% + spikes here.

Of course, while excellent for many, the majority of us would require a damn sight more than 80% from current levels !!
jollyspeculator
Posts: 14,253
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (2)
good realistic posts
1 Sep '14
today...

....tks, Dan...

....and I agree, Lade...

....imv decent chance that we test below placement prices...as placees derisk (unless our "saviour" Daniel Sklan steps up to the proverbial...and buys yet more in volume lol)
Ladeside
Posts: 3,878
Off Topic
Opinion:No Opinion
Price:0.22
MCAP UNDER £4.5 MILLION
1 Sep '14
This is another imponderable, what is RRR really worth ?

Well, it's difficult to put a figure on JMS due to now being private, however £2.5 millon + would be a safe calculation I reckon.

Colombia currently would be £1.5 million as per offer received.

Greenland -- No value at moment but was £20 million at one point.
Kenya -- Who knows, Radio silence.
IC -- Pretty worthless at moment as very early stage.

So, what does this tell us ?

Well, it tells me that Greenland, Kenya, IC or RSL are going to have to really come up trumps to get us valued above £5 or £6 million.

For those of us who don't understand the dilution that we've had and the terrible effects, well let's take a target sp of 0.60.

In order to achieve an SP of 0.60 we would require to support a company valuation of around £13 million, now realistically what is going to support this ?

I keep reading that we are "ridiculously undervalued", "due a massive re-rate" etc, etc, however I think we need to understand that our shares in issue have doubled since last year and in the meantime we've had the double whammy of the Iron Ore and Gold prices crashing.

I seriously hope and pray that something can be done with either or Kenya or Greenland but we need AB to come out and give us and the wider market direction for the future and aspirations of this company, as currently things are very, very, bleak, whatever way you try and dress it up ......................
Dan_The_Man
Posts: 7,679
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (2)
RE: Dan
1 Sep '14
Nice one and GL... Plenty of ops out there currently... Indices about to correct downwards and gold/silver upwards, we need to be careful about oil prices and Ukraine:Russia, if they go up too fast, we will see a major crash on a macro level... All cyclical though as you know...
jollyspeculator
Posts: 14,253
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (2)
Dan
1 Sep '14
'fraid I will be lol...nice asset play but the number of "hot" shares (rather than LTHeld shares) makes trading this too tasty

...will hold on to some for super spike (if we are lucky enough to see one of those delights again)
MrMagic
Posts: 7,283
Observation
Opinion:No Opinion
Price:0.22
Prolottery
1 Sep '14
"AB just bought another 2,215,330 shares "

Even so, AB's total holding in his own company is a mere 0.52%. To me it seems a very small percentage and doesn't really show much confidence at all. Over 2 BILLION shares in issue and the chairman only owns just over 10m of them.
MrMagic
Posts: 7,283
Observation
Opinion:No Opinion
Price:0.22
View Thread (2)
Lades
1 Sep '14
Presumably you meant Colombia cash rather than Greenland cash



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