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Look amazing if it is $2b but it’s not real. Otherwise jupiter would have been bought out already and demand would be out the door for my stake. Hey being said, you’d have to say RRR is well undervalued based on net assets. Major problem is the record and the skipper of the ship Thanks for showing your maturity re language too. Happy to report you if you persist
On this board holds no limits. FFS guys stop crying over what you lost and buy some at these levels you could still make some of that lost cash back.
So what has happened to last years buy back money received by Dead Crock? "Working capital" anyone :-)
Well that is the level that is being talked about. DYOR but on that EBITDA Jupiter could easily IPO within that range. Guess you prefer to deramp though you sad f@cker.
Ok Dan. If you think jupiter is worth $2b (AuD) then you’re dreaming (=$1/share) Happy to sell you my jupiter shares for 75c each if you think I’m wrong. That goes for other rampers too!
It is not either/or it is both. A cash distribution and it intends to list.
On November 16, Jupiter announced they would buy back $25m in march: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=9qdzur8y&ArticleHeadline=Jupiter_Mines_Update Today they are saying they will buy back $42m as the mine is producing more than expected. Massive increase! Not bad for a half year divi and bodes well for the future. I'm suprised they are only doing the buyback price at 0.44c though. Does anyone know how many actual shares Jupiter has? - I know it is 20 something million. With this, steelmin repayment + steelmin shareholding + Jupiter divi + jupiter shareholdering + columbia royalties + bond repayment coming in the next month or 2, a market cap of �4.5m does not make any sense! Also, should we not be getting an RRR RNS for this latest news?
�400 thousand not million
Tell me am I reading this right ....take �400m or wait for IPO and the could be worth 10 million?
We should see a good rise today. $2b alone is over $20m to RRR,many times Mcap.
Saw the JMS buy back update... RRR should not take it, and should hold out for JMS refloat... $250m ebitda, gotta be worth $2-3b...
About $500k to RRR.
And another ~ �400k due in a few weeks from JMS for the next half year dividend. As Del Boy would say, a 'nice little earner'.
LOL One born every minute ....... saw it ,took it, spent it.......back to zero all over again........Repeat ........
I appreciate 'research' is a seven-letter word to you booboo, but RRR have raised �1m in the last two months. It's in several RNSes, such as the latest: 14 December 2017 Red Rock Resources Plc, the natural resource development company with interests in gold, steel feed materials and oil production, announces, further to the announcements of 10 November 2017 and 12 December 2013, that it has raised �290,000 by the issue ("Tranche 2") of �290,000 of Convertible Notes ("Notes") with accompanying Warrants ("Warrants") to a high net worth investor. Andrew Bell, Chairman, comments: "The Tranche 3 placing completes the �1,000,000 Convertible Note issue. We welcome in this tranche the participation of an existing shareholder, value investor Peter Gyllenhammar AB. Once more, we draw attention to the fact that the conversion into Shares is at 0.8p, which is a premium to the market price. We shall use the proceeds to further reduce our exposure under the back to back financing facilities we took out to enable our investment in the Steelmin ferrosilicon plant at Jajce, and for general business purposes."
"Where would we be without greed?" ,......... Since I began investing (or conned on numerous occasions) on AIM in 2013 I've learnt these greedy types just cling and cling and cling and no matter how much failure happens they will just carry on greedily clinging on. Certainly no dignified admittance they are just no up to the job and so therefore they must step down and let a more able person take over: no none of that they just cling and cling and cling no matter how little ability they have. I think like many I look out for that retirement RNS every trading day but alas it never comes and I'm sure this one here will still be wheeled around by Scott, promissing that the Kenyan asset will soon be returned long after he's 90. Its embarrassing how they just won't give it up. Cling cling cling.
o The Agreement provides for a new Steelmin note ("Note") to be placed with investing funds on a best efforts basis with a target issuance date of end January 2018. All sounds a bit get out clausey or to put it another way it all sounds a bit like Bell.
Zumore ,agreed it is impossible to know what their salaries are on the board at Steelmin but what is clear is both of them getting directorships through RRR and RGM appears to be a winning formula for the pair of them .Why earn one salary when you can earn 3 or 4 doing just one job? Where would we be without greed?
Booboo, yes like you i don't think RRR are awash with money and so if Steelmin don't repay RRR their loan in a couple of weeks then RRR will have to raise more money to keep paying off their whopping YA loan. And Bell has a place on the Steelmin board and weirdly Kaintz has an "observer seat": i assume that means he travels to Bosnia with AB and just goes to the Steelmin board meetings observing. So that means he's not on the Steelmin board and just basically takes an holiday with AB to Bosnia. To me totally unnecessary and a waste of RRR money (travel + hotels) that he attends these meetings and so to me he should instead be sat in his luxurious London offices working.
Zumore, I suspect neither AB or SK will be in any personal hurry for Steelmin to make the repayment what with them both having a seat and presumably a salary on the Steelmin BoD's while status quo continues . Correct me if I am wrong but RRR haven't raised or been windfalled much money recently so I am fully expecting a placing around the corner.
Zumore, I suspect neither AB or SK will be in any personal hurry for Steelmin to make the repayment what with them both having a seat and presumably a salary on the Steelmin while status quo continues . Correct me if I am wrong but RRR haven't raised or been windfalled much money recently so I am fully expecting a placing around the corner.
Like i said earlier in the week i think the 18th Jan RNS announcement was a risky move by RRR because if Steelmin don't raise the necessary funds then we'll all know Steelmin cannot raise money. Of course that would have the alarm bells ringing and be very worrying for all concerned.
I personally think Red Rock's last RNS was an attempt to create liquidity so the Congo deal could be announced by RRR and then the Congo sellers could start to dump their 0.65p RRR shares into the market. I also imagine RRR contacted Steelmin to ask them whether they intended to extend their loan by a further 8 months.. and Steelmin probably said they hoped to take out a loan to repay RRR back . But i'm guessing this is just an aspiration by Steelmin and like the last RRR said nothing is guaranteed they'll be able to raise sufficient monies.