Red Rock Resources Forum

I keep saying but look at GGP for an example - basket case of a company with no cash, just some ok-ish exploration assets like RRR has lots of - it's around the same mcap as RRR is even in it's current unloved state. Then look at what RRR has on top of that.

Even AB has finally dipped his hand in his pocket here (although would like to seem him buy more).

The key to investing in RRR now is to put the past out of your mind (however hard that might rightfully be for some). Assess the company on the current market cap and current assets, debts (or lack of them) and (soon to be) cash situation. You will see this is CHEAP, even with the AB factor.

Think people must be forgetting RRR about about to receive $2.5m of hard cash in a few months time. That's about half the current shareprice on it's own!!

down she goes now 0.22 - how about my 0.19 prediction Omar?

I thought RRR would open the week at 0.19...I was wrong...looks like it may end the week there though. Back in 2010, When RRR was being pumped and dumped, Bell quoted Warren Buffet (you better believe it, because Buffet will never quote Bell) and said "in the short term the market is a voting machine, in the long term it is a weighing machine" ... well, Bell has been weighed and found wanting....Grab your hats and coats...AND get any money you can as far away from here as possible. All in my opinion, you understand.

Sum ore..Bell will use any money he gets wisely...from his own perspective. Omar, once described as Open Mouth Articulating Rubbish is a mate of Bell's and serves his master well and has been encouraging others to lose money here with his pretentious pseudo intelligence. It is, in my opinion, all a smokescreen. How much money is Bell extracting personally from RRR and its collection of loss making related party companies. Who is IPCM? Why was General Mining Limited placed into compulsory liquidation? Go research the relationship between Bell and Ronaldson. DYOR. And when you have, keep your money as far away from here as you can. Bell makes money for himself and his mates only. Everyone else is gullible cannon fodder.

Several larger buys being put through ISDX today. Sklan still accumulating?

High quality debate on lse continuing as normal I see.

Greenland deal scuppered by weak iron ore prices (down 30% this year), however they will come back up so this is a temporary situation.