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Red Rock Resources Share Chat (RRR)



Share Price: 0.115Bid: 0.11Ask: 0.12Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.01Spread as %: 9.09%Open: 0.115High: 0.12Low: 0.115Yesterday’s Close: 0.115


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Ladeside
Posts: 4,433
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RE: Strange
17 Dec '14
I would also add that my experiences here over the past couple of years have taught me to be very wary of anything and everything including official announcements.

Let's be honest, the track record to date doesn't make pleasant reading for any of us (apart from those who have been trading of course, while spouting the opposite).
 
Ladeside
Posts: 4,433
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RE: Strange
17 Dec '14
Nothing confusing about it. I don't have access to Twitter or Facebook and the reason I asked MR M is because I know he stores posts and can recall them to check dates etc.

Do you not recall the situation with Greenland that I was referring to ?
MikG
Posts: 471
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RE: Strange
17 Dec '14
Ladeside, confused as to why you would ask Mr M for input on this or why someone would ask DS for comments on this (a non holder and a large holder, neither of whom are privy to anything materially sensitive ahead of the rest of us), when you have AB talking in the public domain dismissing this article (claiming that it is a mistranslation of an existing RNS, that it is nonsense, and that it is a waste of time). Why are people taking this and running with it??

Here is the link. Below is the extract of the conversation

https://twitter.com/Stale_Bull/status/543712150225944576

Dan Fox ‏@Stale_Bull Dec 13
@armcmb
Be a dear and translate this for me...
http://m.portafolio.co/negocios/cierre-venta-acciones-red-rock-colombia

Andrew Bell ‏@armcmb Dec 13
@Stale_Bull This is obviously rubbish - you know as well as we do what we have announced. Why waste my time?

Dan Fox
‏@Stale_Bull
@armcmb
I agree, total hogwash. You have to realise however that this deal is pivotal for all concerned. When do you fly out?

Andrew Bell ‏@armcmb Dec 13
@Stale_Bull Monday. I suspect used Google Translate on our RNS. Always hit or miss process. Missing closing date can become 'isn't closing'!

Dan Fox ‏@Stale_Bull Dec 13
@armcmb
Can speak French not Spanish, so none the wiser. Surely you can get it done & dusted, let's hope it's not a revolving door deal!
Didge
Posts: 2,150
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RE: Strange
17 Dec '14
That headline was from 6th December, reiterated today.
Ladeside
Posts: 4,433
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Strange
17 Dec '14
The article would appear to say that Red Rock have cancelled the sale as opposed to the purchaser ?

Or does this just mean that the deal has fallen through so Red Rock have announced that it's been cancelled ?

This appears similar to the Nama debacle that we found out via the mystery poster and through Nama, as opposed to ourselves, who then issued an RNS confirming about 3 days later if I'm not mistaken.

Mr M, you could probably confirm the dates ?
Didge
Posts: 2,150
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Sales Season
17 Dec '14
Page 10 of the RRR annual report 2014..."for a total consideration of up to US$ 5,000,000." Reminds me of discounts at the sheds, you know, effing great big 70% on the poster but the words "up to" are in Arial 10 point. We are going to get some obfuscation with the Limon sale, either way.
Gunner1
Posts: 3,295
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i hope
17 Dec '14
were not being led down the garden path here ,,,surely not lmfao aimho
phantomracket
Posts: 822
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if their is bad news hope
17 Dec '14
he dont try and delay official announcement till after the agm resolution! !!!!
McGoogle
Posts: 24
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View Thread (2)
RE: Translation
17 Dec '14
d_s_
Do you have any comments on the article?
Cheers,
d_s_
Posts: 35
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Price:0.13
View Thread (2)
Translation
17 Dec '14
Sale of interests of Red Rock in Colombia will not close
The mining company announced that it will not perform the temporary closure of the commercialization of the actions in the Four Points Mining, operator owner of licences of El Limón and El Mango gold mines, located between Zaragoza and Segovia, Antioquia.

Red Rock Resources owns 50% of Four Mining Points.
Photo: Particular file

Red Rock Resources, company owner of 50% of the Four Points Mining (FPM), reported the cancellation of the closing of sales of their actions, ongoing process that was part of the intention to sell all of Four Mining Points.

His work has been to organize and present data and material on the work and the production of mines and has been restructuring its loans and investments in the FPM.

The El Limon mine has been in regular production for more than 60 years. Mining operations resumed in 2011 after a hiatus of ten years, due to the instability in the region. In the mine a work has been to improve their efficiency from 2012.





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