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Red Rock Resources Share Chat (RRR)



Share Price: 0.18Bid: 0.17Ask: 0.19Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.02Spread as %: 11.76%Open: 0.18High: 0.19Low: 0.18Yesterday’s Close: 0.18


Share Discussion for Red Rock (RRR)


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Dukey123
Posts: 786
Off Topic
Opinion:No Opinion
Price:0.18
View Thread (2)
lades
10 Nov '14
Wrong as it may sound but my personal opinion is that the main reason they will not merge is because it will then mean one wage instead of two for some directors and staff. May be a case of egg on face - As red rock was a spin off from regency, a merger would be seeing the venture as a failure. I always thought a merger would be more beneficial to RGM than us, but now I am not so sure. The end of year financials for both companies will give us a clearer view. One thing for certain is that both companies could do with a near term income stream.
 
Didge
Posts: 2,098
Off Topic
Opinion:No Opinion
Price:0.18
View Thread (4)
RE: odd
10 Nov '14
I see your logic but the value of a listed shell is worth more than the "savings" of merging the two. I still think AB will be looking for another reverse takeover.
Ladeside
Posts: 4,233
Off Topic
Opinion:No Opinion
Price:0.18
View Thread (4)
RE: odd
10 Nov '14
I must admit, I never thought that we would end up worth more than RGM if you had asked me a couple of weeks back !

Who will rise most now between the two ?

We have the "imminent" deal due to complete and RGM will no doubt have another HH spike in the not too distant future, it will certainly be interesting.

As I mentioned previously, I think it would make perfect sense to merge the 2 companies as we have the same staff, share premises, share assets, same board (more or less), same investors (for the most part), same funding streams and now almost identical mcaps.

I'd also look at a 3-1 share consolidation to get us back to decent levels and then we could hopefully move forward together and have a much greater strength as one company.
Dukey123
Posts: 786
Off Topic
Opinion:No Opinion
Price:0.18
View Thread (4)
odd
10 Nov '14
Hmmm - Not sure what is going on. Whatever it is we should hopefully have some news soon. Was nice to read that Colombia deal likely to be completed before the end of the year. History tells us different I know.
Ladeside
Posts: 4,233
Off Topic
Opinion:No Opinion
Price:0.18
I should add
10 Nov '14
RGM now down nearly 5% and we have overtaken them by 500k on the mcap !!!

Who would have thought that a few weeks back ????
Ladeside
Posts: 4,233
Off Topic
Opinion:No Opinion
Price:0.18
RE: how predictable
10 Nov '14
In fairness the bid hasn't moved and we're playing with a 25% spread.

How often have we seen this in the past ?

I'd also take a look over at RGM who are currently down over 2%, so that would tell me that this is more "fun and games".

I want this to rise as much as anyone (probably more), however there's no point in creating false hope. Let's wait for something tangible before we all get excited.
MrMagic
Posts: 7,503
Observation
Opinion:No Opinion
Price:0.18
re:up
10 Nov '14
0.1992p paid too.

However that's a mighty spread the MMs are insisting on . . . something like 18% !! As far as I can see the Bid is still about 0.1651p though and that's the only price that counts for me.
Dukey123
Posts: 786
Off Topic
Opinion:No Opinion
Price:0.18
up
10 Nov '14
20% up
Dukey123
Posts: 786
Off Topic
Opinion:No Opinion
Price:0.17
up
10 Nov '14
0.18 paid.
Seingred
Posts: 1,284
Observation
Opinion:No Opinion
Price:0.17
Re isdear and vinny
9 Nov '14
Yawn



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