Register
Login:
Share:
Email Facebook Twitter




RRR Share Chat - RSS Feed

Red Rock Resources Share Chat (RRR)



Share Price: 0.08Bid: 0.07Ask: 0.09Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.02Spread as %: 28.57%Open: 0.08High: 0.08Low: 0.075Yesterday’s Close: 0.08


Share Discussion for Red Rock (RRR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
matlot
Posts: 17,459
Off Topic
Opinion:No Opinion
Price:0.09
dukey
17 Mar '15
any idea if there is anyone on here who might possibly have a real lucky uneducated pot luck guess of what the vwap might be - just by pure fluke??? cheers
 
Dukey123
Posts: 1,338
Off Topic
Opinion:No Opinion
Price:0.09
mc
17 Mar '15
Something stirring this into life
Dukey123
Posts: 1,338
Off Topic
Opinion:No Opinion
Price:0.09
maj
17 Mar '15
Hows todays VWAP looking. . . Mwahahahahahaha
mcgart
Posts: 322
Off Topic
Opinion:No Opinion
Price:0.09
Some big buys
17 Mar '15
Dare we believe execution will happen this week. Come on AB get it signed.
tapper2
Posts: 815
Off Topic
Opinion:No Opinion
Price:0.09
View Thread (3)
Magic
17 Mar '15
you have answered your own question money pledged by ds is for Ivory coast
MrMagic
Posts: 7,842
Observation
Opinion:No Opinion
Price:0.09
re:M
17 Mar '15
Yep do you not see my point? We have £90,000 of funding already established with DS for IC work which does not involve the creation of more shares. There should be no reason to exercise the Magna CLN while ever any of DS's funding remains, unless . . . that CLN money is being purely used for working capital.
nighthawk
Posts: 45,864
Off Topic
Opinion:No Opinion
Price:0.09
View Thread (3)
Matlot
17 Mar '15
Lets hope of a signing on Friday..Dan thinks its very possible..
Seingred
Posts: 1,531
Observation
Opinion:No Opinion
Price:0.09
M
17 Mar '15
Hundreds of thousands clearly doesnt get you much exploration and as is becoming evident buyers of gold plays want them proved up to pfs/ bfs level.obviously we dont know if this is a project that will merit going that far.obviously we hope so and it could be a driver for the share price.would be better if the gold price was doing better.but early stage good results can be the most productive time sp wise.
MrMagic
Posts: 7,842
Observation
Opinion:No Opinion
Price:0.09
re:Update
17 Mar '15
Useful to have your update d_s_, many thanks.

There's one thing I am slightly puzzled about in regards to all this IC funding. Maybe you can help.

Your agreement with RRR was to provide a £100,000 funding facility for IC exploration:

RNS: "£100,000 will be made available to the Company specifically for exploration (the "Investment Amount"). The Investment Amount will be used to support gold exploration activities in the Ivory Coast Gold Project "

You say that only £10,000 of that has been drawn down so that leaves a further £90,000.

Despite that, we appear to have this Magna CLN in place for the same thing:

RNS: "the proceeds of the Convertible Note will be applied towards gold exploration activities in Ivory Coast and for working capital purposes"

So that leads me to 2 questions:

1. Why are we running a CLN for IC work when you have already provided funding for it and 90% of it is still available? Shouldn't funding come from you in the first instance?

2. Do you have any gut feel from your experience or from conversations with RRR as to how much money will likely be needed to fully explore the IC sites and get them to a saleable or developable point? Just ball park. Is it a few hundred thousands or is it millions?

Again thanks for your update.
Didge
Posts: 2,201
Off Topic
Opinion:No Opinion
Price:0.09
View Thread (3)
RE: Update
17 Mar '15
"Not sure if there is any substance to this or not.". Welcome to our world. AB wrote that article so it is hardly a surprise that it is "enigmatic".





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


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.