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Red Rock Resources Share Chat (RRR)



Share Price: 0.90Bid: 0.85Ask: 0.95Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.10Spread as %: 11.76%Open: 0.975High: 0.00Low: 0.00Yesterday’s Close: 0.90


Share Discussion for Red Rock Resources


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jonnstone
Posts: 1,096
Off Topic
Opinion:No Opinion
Price:0.725
100% certain
22 Jan '17
Are you involved in plans for the fundraise then thats 100% certain of? I do agree fundraise is likely though not 100% certain at some time in year. I think will be later in year though if happens or in response to high demand for shares up to price that reflects true value i.e. 1.63p, maybe 1.2p like seingred said. you will go for 0.5p that would be dilution but even at that price i come up with price target way north of current share price, bottom line lots of margin for error buying so cheap. You mistake my posting here for not being confident, you are wrong, initially was in response to what i perceived as a loosely co ordinated de ramp and you poo pooling Tshipi as current book value, you will see how wrong you are there and why i bought by end of this year
What you cannot be sure of is price?
That will be dependant on RNS of which like you say you cannot be sure of? Though my research tells me there will be some unpleasant surprises for you i.e. as a negatively slanted poster who has put so much effort into his posts here with little effect lets face it. Perhaps you are poor accountant as only show negative side of a balance sheet, whys that or a lawyer of some type practicing your debating skills who is hell bent in removing Bell, but going about it in way that will have diddly squat effect.
Also like I say you have no knowledge of main asset Tshipi, how to value a mine.
Terrible knowledge of Manganese market.
 
MrMagic
Posts: 10,970
Observation
Opinion:No Opinion
Price:0.725
RE: 500 million
22 Jan '17
"May or may not be issued magic. You can go on past granted, but not sure are you magic?"

On the contrary I am 100% certain that AB will use the allocation (or most of it) and I am equally certain that a placing is on the way but that's my opinion and based on the signs and signals that I have picked up over the years. If I am wrong I am wrong, but I've called it right many times thus far.

Bottom lone, your ramps can not alter the RNSs, try as you may.

AB is a director of Jupiter so he knows what is going on there, and has known all year
AB knows the RRR financial position inside out
AB knows what income is coming in from El Limon and LM#20
AB knows that Tshipi is making a payout and that Jupiter in turn is making a payout
AB knows that payout is circa £530k to RRR

Despite ALL of the above knowledge, AB has STILL canvassed the shareholders here to request authority to issue up to 500m more shares. One can only deduce from that, that the picture is not anywhere near as rosy as you are trying to paint it and that AB clearly anticipates the need to continue fundraising. Only the most naïve would not see that imo.

Tick tock.
jonnstone
Posts: 1,096
Off Topic
Opinion:No Opinion
Price:0.725
price if issued
22 Jan '17
Also you can have no idea at moment lets say if they were issued at what price because you have little idea of whats going on at Tshipi lets face it and you thought manganese was trading at lows but you was looking at wrong chart as opposed to manganese price on shanghai metals exchange, trading plus 300%.
So whilst you are ok at computing numbers re RRR something I can do anyway, you are not looking at whole picture as you lack knowledge to do so, you also have no idea how to value a mine.
jonnstone
Posts: 1,096
Off Topic
Opinion:Strong Buy
Price:0.725
500 million
22 Jan '17
May or may not be issued magic. You can go on past granted, but not sure are you magic?
All depends on news flow, cash flow from Tshipi, how share price responds and if Mr Bell was to go against what he says re dilution, since metal Tiger came in has been marked improvement will be very interesting to read accounts to June 2017 and then December 2017 Director emoluments don't you think? Especially in light of options issued the options issued were actually slightly dilutionary in terms of shares as a whole so i guess i have to bring my price target down to 1.59p




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