Red Rock Resources: Financial Position @4.7.244 Jul 2024 19:37
Today a RRR RNS came out and a HNW investor provided some £182,000 per election to convert or get shares - to keep LONG TERMS in his ISA. Further, ASSURANCES was given per RRR RNS with regards to FUNDING GOING FORWARD. In my view, assurances are NOT GOOD enough especially if it is NOT in writing.
So, the AUDITOR in their GOING CONCERN always touches on this point to qualify and often they say they have been given assurance by the board that they can raise finance etc. So, in this case, IT HAS TO BE ON PAPER to show the AUDITOR if NEEDED and to the NOMAD. One on this forum said no $ and others too but to me, I WOULD WANT TO SEE A MORE LEGALLY DEFINITIVE agreement by way of say, in THEORY, an INDEMNITY or forward escrow etc or whatever instrument as people can say a lot of things but payment is a different thing. It is also my VIEW, that DL in getting an OFFICIAL APOLOGY may have seen documents to prove he is not x or y as said by SP, hence the accolade of "DL, BRITIAN'S LEADING GOLD COMMENTATOR ON RED ROCK RESOURCES." What gold? Not Africa gold I can assure you as that carries a discount as norm but rather AUSTRALIAN GOLD. In the RRR RNS today it also said RRR IN AFRICA AND AUSTRALIA, so Australia is and appears to be of import. Logical ? One will wait to see. So, the nays saying no money appears to have been ANSWERED IN THE RRR RNS today, 4.7.24. News. NIA. DYOR. JUST DISCUSSING.