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Red Rock Resources Share Chat (RRR)

RRR Share Chat - RSS Feed

Share Price: 0.375Bid: 0.35Ask: 0.40Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 14.29%Open: 0.40High: 0.40Low: 0.375Yesterday’s Close: 0.375


Share Discussion for Red Rock Resources


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panda1
Posts: 1,808
Off Topic
Opinion:No Opinion
Price:0.40
RE: Question
20 Jan '16
NCT sold cheaply because they needed cash quickly to pay off some creditors. The well is due to start producing very soon now that the infrastructure at Shoats has been completed.
YA aren't selling, this has been clear for a while now. There is still a decent holding in SRT left to sell plus cash payments from El Limon sale. The $1 million loan note could also be monetised as El Limon is being sold to a listed entity.
 
thegame316
Posts: 2,251
Off Topic
Opinion:Strong Sell
Price:0.40
RE: Question
20 Jan '16
More importantly the question that needs to be asked is if lm#20 well is such a cash cow and has been producing oil and gas for several weeks now, why have NCT sold a stake in it for such a low price. Surely if operating costs are so low then it would make sense to keep as much as possible for yourself.
And has anyone noticed that the rns does not state the current well production or even that production has been sustained. It just says that the initial production was this much. Everyone knows that initial production rates on small wells are never maintained. Just take a look at LGO. They had wells with huge initial rates yet a few months later it was significantly lower.
The RNS is not that rosy but some people refuse to take of their rose tinted glasses. If the rns was such a game changer the sp would have rocketed but it hasnt. Can see this dropping tomorrow, especially with YA in the background dumping £80k worth of shares.
And to finish off, how will AB raise further cash once SRT stake is disposed of. The only other asset that is worth more than a pittance is Jupiter and if that is sold then its game over as that is the only thing underpinning the mcap. Take it away and the shares are virtually worthless
matlot
Posts: 19,357
Off Topic
Opinion:No Opinion
Price:0.40
RE: Question
20 Jan '16
panda - care to share your calculations there - they are a tad optimistic to say the least - WHAT?!
panda1
Posts: 1,808
Off Topic
Opinion:No Opinion
Price:0.40
RE: Question
20 Jan '16
The honest answer is nobody knows as it depends on the oil price. At $45 oil the NCT CEO said payback of LM20 would only take 4 months. What I like about the deal is that RRR won't lose money on it and there is potential for some considerable upside if oil recovers. Also only $120k paid upfront, the remainder will be paid out of the asset's cashflow.
colinH100
Posts: 851
Observation
Opinion:Hold
Price:0.40
Re: Aston Martin
20 Jan '16
You really are hilarious Adam mate.
matlot
Posts: 19,357
Off Topic
Opinion:No Opinion
Price:0.40
RE: Aston Martin
20 Jan '16
adam - from your total investment here you might just have enough for a spare wheel for an aston :-D
matlot
Posts: 19,357
Off Topic
Opinion:No Opinion
Price:0.40
RE: Aston Martin
20 Jan '16
haha - 2 good posts - both very amusing - made me smile
MrMagic
Posts: 8,604
Observation
Opinion:No Opinion
Price:0.40
Question
20 Jan '16
for Adamos101 or BSL or Panda1 or Cgm3100

How long will it take RRR to recover the $200,000 investment in LM#20?

Be honest
adamos101
Posts: 719
Off Topic
Opinion:No Opinion
Price:0.40
Aston Martin
20 Jan '16
or Porsche panamera? decisions decisions need to start thinking what car i will get once i sell up here. My Range rover vogue needs to go.
matlot
Posts: 19,357
Off Topic
Opinion:No Opinion
Price:0.40
RE: Servant
20 Jan '16
point proven in this post bsl

adam - you dont need to run and hide like a child - this is an adult bb to discuss rrr not to point fingers - if you are annoyed you should filter ab surely :-D

especially after your rude posts about him a week or so ago?

makes sense no?




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