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Red Rock Resources Share Chat (RRR)



Share Price: 0.55Bid: 0.50Ask: 0.60Change: 0.075 (+15.79%)Riser - Red Rock
Spread: 0.10Spread as %: 20.00%Open: 0.475High: 0.575Low: 0.475Yesterday’s Close: 0.475



Share Discussion for Red Rock Resources


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bambos22
Posts: 2,575
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.35
Lol
23 Feb '16
Bell has done it for RGM he will do it here too. Just wait :)))))
 
Didge
Posts: 2,711
Off Topic
Opinion:No Opinion
Price:0.35
RE: a lot of
23 Feb '16
I suspect high and dry for RRR because Bell has no real skin in the game here and the mutual RRR/RGM holdings are only there to secure Bells control. The only reason RRR would be of interest would be to get hold of that holding but it isn't worth it for Angus. Bell will be gone soon from RGM and then will only have this to milk completely dry. Old habits...
harley24
Posts: 665
Premium Chat Member
Off Topic
Opinion:Buy
Price:0.35
a lot of
23 Feb '16
talk about RTO on RGM.. could also be a good result for Red Rock - surely??
Didge
Posts: 2,711
Off Topic
Opinion:No Opinion
Price:0.35
RE: RRR / RGM
23 Feb '16
Wouldn't it be odd if funds into RRR had found their way into...Elephant Oil?
Servantofallah
Posts: 589
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.35
RRR / RGM
22 Feb '16
Wouldn't it be odd if funds into RRR had found their way into the books of RGM...
MrMagic
Posts: 8,726
Observation
Opinion:No Opinion
Price:0.35
Colombia Payment
22 Feb '16
It is notable, imo, that today's RNS, which confirms the receipt of the 2nd tranche payment from the Colombia deal, makes no attempt to inform shareholders of what that money will be used for. That is a poor show in all honesty which serves only to fuel idle speculations of how it will be spent. There should be no need for speculations imo. AB should be upfront and clear about how the monies will be utilised. Not just the Colombia monies but also the SRT monies recently received.
colinH100
Posts: 942
Observation
Opinion:No Opinion
Price:0.35
View Thread (2)
Re: All the trolls on one page.
22 Feb '16
Slack day today heh Vini? Why not buy some shares and become a shareholder. They're cheap enough today. Doesn't look as though your relative will be Re-engaged anytime soon.
Bittersweetlemon
Posts: 1,662
Off Topic
Opinion:No Opinion
Price:0.35
All the trolls on one page
22 Feb '16
Happy days
MrMagic
Posts: 8,726
Observation
Opinion:No Opinion
Price:0.35
RE: Adams imaginary payment
22 Feb '16
Richemondo - "$225K has been paid on schedule. A further $1m is potentially subject to conversion into tradeable stock or payment earlier than planned"

Hang on though Richemondo. Aren't these payments just part of the overall Colombia deal which included BOTH the mine itself AND the outstanding loans owed to RRR by FPM? (RNS Apr 14th 2015). Weren't those loans something like $2m? Please correct me if that number is anywhere near incorrect. So thus far RRR has had $450K from the first tranche and now $225K from the second tranche. So we seem to have given away a producing gold mine and waived a very sizable debt to us and so far only gotten $665K for them. That doesn't appear to be very good business TBH. Is this the part where you say "oh don't dwell on the past"?
zumore
Posts: 2,833
Off Topic
Opinion:No Opinion
Price:0.35
From today RGM rns
22 Feb '16
"Under the Agreement entered into between the parties, Regency has agreed to purchase the 5% interest in HHDL from Angus for a consideration of £400,000, to be satisfied as to £223,730 in cash, and as to £176,270 by the issue of 54,236,919 new shares in Regency at a price of 0.325 pence per share. Regency is settling the cash component of the consideration out of its working capital resources."
......,.....

I'm totally gobsmacked that RGM have £223,730 in cash to pay towards buying back into horse hill. With redundancies payments and big cash burn I was absolutely convinced they would be almost out of cash.

Please somebody how did RGM have that much cash reserves? I'm flabbagasted!




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