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ive brought in at 1.29. Had been watching this for the last 2 weeks since it was at £1. Should have brought in then but kept waiting for it to fall back but it kept rising. Can see this hitting £1.50 soon and then £2 in a couple of months if not sooner
Clearly the spike in US covid cases has negatively affected the sp. But on the bright side if this second wave goes down in the next few days/weeks then the sp will react poisitively. It is disheartening to see the current price but you just have to remember the price is only down due to uncertainty regarding this second outbreak. Once this fear subsides then there will be a significant rerate. As said before this share isn't for the faint hearted but as the old saying goes, with great risk comes great reward. I honestly feel that that in the next few weeks the sp will hit 75/80p.
Just to add Maxreinier's post, there is no way streaming can make up the income that is generated via the box-office as Universal Pictures have found out from Trolls World Tour. They have suffered a big loss even though it was at number 1 on several different streaming sites. The fact is even if it costs $20 to stream it, there could be several people watching it together as opposed to cinema where each person has to buy a ticket. According to several sources Trolls World Tour will end up making upto a $30-40M loss for the studio as it has only made around $95M from streaming as well as Universal Picture being banned from releasing any more movies through AMC theatres as punishment.
Another thing to consider is if people can get away with watching it for free then they will. If movies are put straight onto streaming sites then it will be that much quicker before the same movie ends up on an illegal streaming site. Bottom line is the movie studios need these cinemas otherwise they would not be able to make a profit on a $200M blockbuster
Odeon have opened up 10 cinemas today and footfall has been good considering its the first day. Milton Keynes place even had a few shows sold. Considering there are no major movies out at the moment this is great news. When CINE opens on 31st July there will be greater confidence in the general public to go out and there will be new blockbuster movies relased as well so a lot more tickets will be closed.
Personally I can see £1 being achieved over the next 2/3 weeks and £1.50 in August. Share holders just need to stay calm and wait until then.
On the website you can see how many seats have been sold for each show. Looks like people are coming back as most shows have at least 10 tickets sold. Still early in the day so am expecting more tickets will be brought. Just need to wait until 31/07 when cineworld opens. So far the signs are positive
What is good to see is there is a lot of support around 3.3/3.4p. There was a flurry of buys at the close of trading and more importantly it only took a few buys of a few grand each to bring the ask back up to 3.5. A liitle buying pressure and we will tick up. When news hits and the rampers come on board then this will fly. Might even end up seeing 20p, anything can happen on AIM lol.
There is no big seller. Its just smaller investors selling out as they probably think they still have time to get back in, which they might have but for me its too risky to be out. News could come in tomorrow regarding financing and that is when the rerate will happen. The sp should hit at least 6-8p on news if not more
Looking good. Ive come in at 3.8p. Should have waitedm until 3.5p but didn't want to risk losing ou when news comes in about financing. This will have a decent re-rate if finance can be agreed without massive dilution. Should easily get to 7-8p soon
This is a well run company with no debt with £87M profit for the year and 3p dividend. Mcap for this should be over £500M so sp should be around £2. Just need to wait for the market to recognise this
price of oil is recovering. Should be $50 in the next 2 weeks as production cuts take effect. Ive dipped into PMO, ENQ, TLW, CNE, SQZ and RRE. All 5 are well run british companies. Some of these have got a massive debt pile but if POO goes above $50 they will have enough cash coming to see themm through
Tomorrow could be a good day if the 2m social distance rule is relaxed. Not long to go now before sp goes past £1
I agree with this as well. It should build up to 90p before the cinemas open and then depending on the footfall the sp could go anywhere from £1- £1.50 in the next few weeks. Either way current price is a steal
He clearly is devastated that he got this share wrong and sold out too early. If you look at his posting history it is so obvious that it's pathetic. He went from posting under STRONG BUY when he was in, to a STRONG SELL when he sold.
We are all entitled to our opinions but when he is someone that has got this wrong and is now trying his hardest to get the sp down. If he had the conviction that he claimed he had back in April then he should have stayed in for the ride. At £3 when he sold he started his deramping posts and so far everything he has said is......can't really say the word but we all know what that word is
even short term this will do good. Should mhit £32/34 in the next few weeks
I agree. Better to load up now and wait for it to re-open. Similar to what is happening with retail stores opening if there is a spike in footfall due to pent up demand then the sp will go beyond £1. I've in at 80p so got my fingers crossed but there is more upside here then down
just another in a long line of excuses/rns's to justify a six figure salary. Has AB EVER done anything that has actually added value. There is the Kenyan goldmine that has been over 7 years and jack all has been done. El limon was sold for peanuts as in their own words they were not capable of running it. Jupiter is just a share holding which any common investor can buy into. Greenland was just all smoke and mirrors before being put into a medieval prison. Ivory Coast project is going the same way as the Kenyan project and now its time to pretend that AB is busy developing the DR Congo mine when in reality he starts each day at 11am by spending a couple of hours on social media. If he actually did any work then the sp would be multiples of what it is now.
This can only mean one of two things. Either AB is a conman who is knowingly fleecing investors in a legal manner or he is severely stupid and incompetent. I will let this board be the jury on how the last 5 plus years have panned out.
and this is the reply i got back on 17/04/2014
Thank you for your email.
I cannot comment on your note regarding the Greenland deal, as that would be price sensitive. However we would not have held back any relevant information, so you can be sure that we announced instantly. It is not correct that the investors ‘would not be able’ to complete the transaction. It may very well occur. Of course we have been talking to other parties, and this effort has naturally stepped up a gear.
Regarding the Ivory Coast…What Red Rock does best is add value to assets via exploration. We need new projects for our pipeline………….and it is 3 or 4 years since we had one. We are aware of course that shareholder sentiment hasn’t always been good during the last year or so due to the lower share price, and we have tried our hardest to improve this. Unfortunately many things are out of our control. We had a well-founded expectation that the Greenland deal would complete. And of course it still might. But in the absence of an assurance on this, we cannot stop all activity and wait for a deal to complete – particularly in a market such as this which can see transactions move extremely slowly.
We have to keep the business running, keep doing what we do best, and continue to improve the quality of our portfolio. Colombia is in good shape, with further exploration work planned. Kenya is in the latter stages of exploration. Adding further value to these assets is a slower and more capital-hungry process than taking on something new where we can add value relatively quickly. I guess you could say it’s like insurance for the future. People are anxious to see the share price to go up in a hurry – I’m not sure when or whether that will happen, but by increasing the number of ways in which our share price could possibly be given cause to go up, then that is in the interests of our shareholders.
As to the issue price of shares, all is relative. Before Jupiter delisted we issued shares – at 0.66p – for nearly 8m Jupiter shares at 5.6c. The RRR price has halved. The JMS price rose 45% before delisting. And the published NAV is 21.3c now. so was it good to issue RRR shares so cheap? It seems so.
Likewise, if the assets we pick up are really cheap – because of the market – then it is all right to issue shares at today’s market price. There is no dilution in asset backing.
I hope this helps to answer some of your concerns over the Ivory Coast project.
Kind regards,
Natasha
this is the email i sent on 08/08/2013
I hold just over a million shares in your Red Rock after buying in on 06/08/13. Can someone please explain why more shares were issued despite a deal being only a few days away which could lead to the share price going over 1p. Surely it would make more sense to place more shares then. As one investor on a BB board put it :-
"Like I said, it's going to cut no ice at all with genuine investors here. They've just been mugged. Why would we need to raise funds if either of the deals were really about to happen. Lost count of how many times we've been in this situation."
As a new investor who is willing to hold onto shares for the medium to long term i would be very grateful if you could reassure me that this is not another attempt to get money from private investors to pay executive wages aka working capital. I really would like a reply as I am beginning to think it was a grave mistake in investing here.
cannot use the word i wish i could to describe this so called company but how can anyone justify buying shares in this. What has AB ever achieved other than pulling the wool over peoples eyes. i can remember years ago when i believed in the Greenland hype and was under the impression that the Migori mine was this huge opoortunity that RRR were desperate to develop. Then all of a sudden AB announced a huge placement for the ivory coast permits.
I kept thinking why would AB heavily dilute just to start a new project. Surely it made sense to focus your energy on existing assets, get them proved and development initiated which would then lead to mcap increasing. And then when the mcap was in the tens of millions then do a fundraise so the dilution is only a few % instead of raising half a million when the mcap is £2M.
I actually sent an email to RRR to voice my concerns. if i still have it i will post it here for people to make their own judgement on if this is a company with wants to look after its shareholders or if its just a lifestyle company for AB