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A long way to go to talk about nothing!!
Https://x.com/RRR_RedRock/status/1709960069901602949?s=20
Interesting?
DYOR
Strange afternoon action. After hours RNS ? RRR is allways leaky
Not a chance . . . LOL
I know you are itching to buy some RRR at this low price. come on, go ahead and buy them. many dogs are rising, surely our time soon
Duke providing the jump out at 0.14 not a bad trade.
Definitely not for either the long term or faint hearted.
In fairness some decent buys at 0.11 !
Fridays allways the day where we have buying on no news in the morning - followed by an RNS and a spike which the early morning " few" sell into.
Duke this is an all time low and next spike will be far lower and presents huge issues with CLNs
RRR desperately need cash from somewhere ! Would they have to put it in an RNS if they have done another deal with Riverfort or YA2 ? Any equity raise now you would imagine be 0.07 or below - In similar situation to ORCP who had to raise at 0.035p - Now that would be painful but not out of the question with Bell.
You've got to be brave to buy 10 mill in this lifestyle company
Suspension needs to be triggered by creditors or loan holders - so we are someway off in my opinion.
Money will be raised and charges on assets placed. If DRC comes good or we can sell forward Limon royalties or something else in Steptoes yard we could live to fight another day.
I think we will be alive and kicking for the December accounts on new year's eve. No news on DRC or anything substantial on ALR before then - only on 31st Dec will we know what the future holds. Very different set of tea leaves to Maid it who only sees the SP held back. Time will tell whose right !!
Is RRR at an all time low - ever ? That takes some doing fair play !
Ivans - the man said DRC was imminent 15 months ago.
Most on here think silence is partially shame and secondly that there is no progress. You definitely bring a different slant.
I would say it's a 75% chance of suspension. There is no cash left and they have bills to pay
Thanks Helpful.
I dont think it would be a bad move for RRR to sell their rights to future royalties now. This would prevent further dilution or loan charges on assets like ALR that have more potential. I think presented skillfully with other updates it might bring a little confidence back ?
We down on low volume. as at now, only less than 20k worth being sold.
discussion with Chinese ongoing for lithium - hopefully we get some positive updates soon
congo = still awaiting money back. dealing with governments means that you have to be discreet, hence AB unable to make any noise. hopefully good news next few weeks perhaps?
and what happen to the listing?
Suspension probably a 50/50 chance. Very risky imo
Https://www.newswire.ca/news-releases/soma-gold-reports-record-quarter-804654201.html
Soma can only hit it's 2023 target if it restarts the El Limon mill.
DYOR
Best shape of its life !
If you beleive in the assets and the management which you do it a very low SP.
It's a very low SP because the risks here are huge and suspension as it runs out of cash is not impossible.
Don't worry look like our troubles could be over LOL!! someone just took control of 10m just now and have taken the FKN lot of those early sells, GL to him or her..
see what happens next
Wow, the best shape of it's life?! I'm always one to admire optimism but that takes some believing.
Bell has never cares one bit about creating shareholder value, it's all about lining his own pockets for as long as he can, and as he's getting on a bit now he won't care if this folds, his money is in the bank.
Maidit - I would have to disagree - In fact I would personally say I think RRR could well be in the worst state its ever been in and looks like the market agrees.
Look like it's beat on red rock day, the 3m seller is back to squeeze us down early doors just can't wait on the imminent news LOL!! anyway''nothing would have change RRR is still in the best shape of its life, and the lucky few that is getting in at these levels must surly be rewarded,
time will tell..
patient
Most interesting observation was Helpful suggested 200k was the deliminus limit for disclosure of loans. Im assuming he has more insight than most on here and is right.
Not clear if RRR would disaggregate so three 180k loans not disclosable ? I think they will. By 31st December we should find out what assets they are secured on through the published accounts.
If it ALRs 47% then the future is not as bright and its hard to be confident here.
The lack of news on funding raises the risk of exactly that sort of arrangment happening.
I also thought Maid it reading the tea leaves for the fourth week and getting excited by a buy that was actually Liquids added to the Keystone cops storyline.
How many 'surprises' were in last years published accounts?