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Red Rock Resources Share Chat (RRR)



Share Price: 0.22Bid: 0.21Ask: 0.23Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.02Spread as %: 9.52%Open: 0.22High: 0.22Low: 0.22Yesterday’s Close: 0.22


Share Discussion for Red Rock (RRR)


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MikG
Posts: 318
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.28
Cash
18 Jul '14
55m/35% of RSL owned. Cheers
 
Luke1
Posts: 1,228
Off Topic
Opinion:No Opinion
Price:0.28
Cash
18 Jul '14
Not sure I would need to check. Cheers
cashonly
Posts: 3,104
Off Topic
Opinion:No Opinion
Price:0.28
RSL
18 Jul '14
Up 200% what is RRR's investment worth?
Rigger
Posts: 6,636
Off Topic
Opinion:No Opinion
Price:0.28
RNS due?
18 Jul '14
Should get news of this development surely?
Rigger
Posts: 6,636
Off Topic
Opinion:No Opinion
Price:0.28
Can we have a repeat of this?
18 Jul '14
Red Rock shares soar on Resource Star's Texan oil plan

Date: Friday 02 Aug 2013

LONDON (ShareCast) - Shares in Red Rock Resources carved out gains of nearly 15 per cent after it emerged its Australian associate intends to buy a stake in a Texan oil project.

Resource Star, which is 39% owned by Red Rock, has struck a binding agreement to buy a 50% stake in D-Bar Leasing from Searex Petroleum.

The oil project in Abilene Texas holds a 100% working interest in eight oil producing leases covering 2,732 acres plus a further 10 acres of freehold land and buildings, drill rigs and other equipment.

Andrew Bell, Chairman of both Red Rock and Resource Start said: “For Red Rock this transaction is beneficial because it strengthens an associate that was suffering poor performance as a result of the conditions in the uranium market and is likely to bring increased liquidity to our Resource Star shareholding.”

Shares in Red Rock were up 15% to 0.39p.

TB
Luke1
Posts: 1,228
Off Topic
Opinion:Strong Buy
Price:0.27
Resource Star up 200% !
18 Jul '14
Resource Star Limited (Public, ASX:RSL) Watch this stock Find more results forRSL
S&P/ASX 200 5,531.70 0.17%
RSL 0.012 200.00%



0.012
+0.008 (200.00%)
Jul 18 - Close
ASX data delayed by 20 mins - Disclaimer
Currency in AUD
Dukey123
Posts: 389
Off Topic
Opinion:No Opinion
Price:0.27
m
18 Jul '14
Not that interesting really.
MrMagic
Posts: 7,165
Observation
Opinion:No Opinion
Price:0.27
YA
18 Jul '14
It will be interesting to see how much of the CLN YA have converted when the next announcement comes (imo prob end of next week). CLN for £550K was announced 30th April. £90K of it was converted by 30th May. £200K of it was converted by 25th June.

£260K remaining from that point and an end of July conversion RNS would seem to fit the emerging patterm.

Seems slow progress though and I'm wondering if this is generating cash quick enough to meet the ongoing demands of debt repayment and working capital.
Dukey123
Posts: 389
Off Topic
Opinion:No Opinion
Price:0.27
dan
18 Jul '14
I would say we "were" their only life line - Recent large investment by A N other has given them another I think. GL
briarbank
Posts: 3,853
Off Topic
Opinion:No Opinion
Price:0.27
re Crazy
18 Jul '14
agree, another 3m by YA..............

RSL..............nice to see that stirring, up at last.................



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