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Red Rock Resources Share Chat (RRR)



Share Price: 0.425Bid: 0.40Ask: 0.45Change: -0.025 (-5.56%)Faller - Red Rock
Spread: 0.05Spread as %: 12.50%Open: 0.45High: 0.45Low: 0.425Yesterday’s Close: 0.45


Share Discussion for Red Rock Resources


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Daisan
Posts: 1,173
Off Topic
Opinion:No Opinion
Price:0.625
RE: placing
29 Apr '16
And ECR as well. It's just that the current fashion is to greet every MTR investment as a hallelujah moment. I suspect that this will not be the case in a few months/years but currently they are in vogue. As AB was a few years ago.
 
jeffry
Posts: 3,075
Off Topic
Opinion:No Opinion
Price:0.625
View Thread (4)
RE: placing
29 Apr '16
as usual. ramping in twitter by the same group that was ramping in AFPO (and see what happened to AFPO)

these group will then sell and leave those who bough dry high
orslega
Posts: 13,019
Off Topic
Opinion:No Opinion
Price:0.625
RE: There she blows!
29 Apr '16
"I expect the SP here to fall down towards the placing price (0.42p) as usually happens after a placing."

Not always the case...if the market and investors like what the see funds are being raised for, they see inherent value and guess what, shares go up. Why have RRR shares just gone up 23% then on a discounted placing I wonder.
gazza10
Posts: 1,063
Off Topic
Opinion:No Opinion
Price:0.65
View Thread (2)
Why are people buying?
29 Apr '16
Just lining the pockets of others
jeffry
Posts: 3,075
Off Topic
Opinion:No Opinion
Price:0.525
placing
29 Apr '16
why people think investment by MTR is a good thing?. they are as any other investors.

MTR investment in EUA didnt go good. and KIBO was swinging up and down.

RRR will be no different
MrMagic
Posts: 8,931
Observation
Opinion:No Opinion
Price:0.525
RE: There she blows!
29 Apr '16
Notable too that NCT whom we are participating with has also just done 2 rounds of discounted placings raising their shares issue 43% in the space of a single month.

As ever these companies are, imo, uninvestable while ever they persist in undermining existing shareholders with discounted placings. They are for traders only who must pick and choose their moments for quick in and out trades. Anyone holding for any length of time just risks running into the next placing.

I expect the SP here to fall down towards the placing price (0.42p) as usually happens after a placing.
MrMagic
Posts: 8,931
Observation
Opinion:No Opinion
Price:0.55
View Thread (2)
There she blows!
29 Apr '16
As everyone expected, a significant placing, will more follow?

Total shares in issue as at Feb 1 were 245,104,445
Total shares in issue after this dilution - 392,325,740

That's a very hefty 60% increase in the share issue in that time period.

The last AGM gave the company authority to issue up to 400m shares this year so I personally think we will see further placings. The directors taking up shares during a discounted placing is unacceptable and unforgivable as always.
PRB769
Posts: 267
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.55
MTR
29 Apr '16
RNS out at MTR, investment into Red Rock
Jonno41
Posts: 513
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.55
RE: nice for AB to award himself
29 Apr '16
The only small benefit being, the company gets the money. If he purchased on the open market the company would not get the money.

The fair thing for him to of done would of been for placement to have been at today's price - this would of seen a bit of confidence perhaps, but at a 20% discount - bear in mind the volatility I would not see as a complete disaster, but I would see as a bit of a p.ss take.

I do not think the market will hate this news... let see
sheldon
Posts: 2,833
Observation
Opinion:No Opinion
Price:0.55
View Thread (2)
*******
29 Apr '16
Bell subscribes for a poxy £20k after trousering £££££££ over the years #avoid

Also don't be fooled by PJ / MTR taking a position here, he's a shrewd operator, he's in it for a trade, look at ECR and NYO as examples, talks it up, sells and moves on, nothing wrong with that but don't fool yourselves into thinking he's a long term investor, it's all just a game and he plays it well.




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