the old trout
23 Nov 2016
Re: essential reading Yes I'm fully aware of the history here goldpig, as I made a lot of money out of it in the boom years and had the sense to bank it and come back later. My watching brief has now ended as this is all about cycles and the worm has turned with the resurgence of the commodities sector. Add on the fact that AB has reduced overheads to around £30k a month and secured a growing cashflow and we have the basis for some decent share price growth here both short and long term. I think you would do well to read this article about investor emotions:[link] are many stale bulls in this stock, probably still at stage 11 or 12. I'm at stage 13 
ATB,T
blue_sky
23 Nov 2016
Re: essential reading The turnaround in operational performance occurred with the arrival of Major shareholder Metal Tiger, They obviously spotted the value to be had here. It pays to follow them from my experience.From what I gather they liked Mr Bell and felt they could work with him to extract value and a very positive return on their investment hence invested in his business here at Regency mines and also Greatland Gold.They obviously recognised that they could help, influence the slashing of operational costs if they brought their business acumen advice and finance, thus the unrecognised value in the assets could be released. Their judgement here is proving to be sound once again and i suspect they will make a significant return on their investment here and in turn this will favour us.
goldpig1
23 Nov 2016
Re: Essential reading... Hello Trout, yes I did read it. but my sceptacism comes from experiance im afraid, I invested here back in about 2009 , made some money and saw my remaining holding decimated. not bitter as that happens in investing you win some you loose some. I do have issue with this company though as i have heard it all before, "great prospects' 'revenue flow' 're-rating' 'transformational' 'no dilution required' are all phrases from the past which have been swiftly followed by dillution and large salary's bonuses for the BoD.my opinion here is that this company is made to make money for AB and the BoD and the listing on AIM is a vessel to facilitate that nothing more and share holder value is of no interest to this company.Thats all ill say on this, not looking to get into a long arguement, but would recomend looking back over the long history of the running of this company.Good Luck!
the old trout
22 Nov 2016
Re: Essential reading... You obviously haven't bothered to read it goldpig. To make it easier for you take a listen to this interview:ttps://twitter.com/theminingmaven/status/801098604396052483 where Andrew Bell highlights the distinct likelihood of further distributions from its holdings in Jupiter Mines and the implications that has for its valuation. The figures are staggering, and Bell rules out further dilution and even mentions the possibility of paying a dividend in the future as the various income streams mature.This will re-rate as the market starts to cotton on and further news starts to drop, so ignore at your peril if you are shorting the stock.T
goldpig1
22 Nov 2016
Re: Essential reading... anyone thinking of investing here should have their head examined! its just another surge before a new dilution enabled by the share conoditation.
the old trout
22 Nov 2016
Essential reading... Anyone thinking of investing here or adding to their position should read Dowgate's research note which is now on the company's website:[link] focuses on the 2017 projected cash flows from Shoat's Creek, Colombia, and Jupiter Mines, with 'low case', 'base case'. amd 'high case' scenarios. From yesterday's news however, we now know that the initial dividend to be received from Jupiter Mines of US$658,350 dwarfs the high case scenario of circa A$225,000 forecast in the note, so let's hope that they have been equally pessimistic on the royalties from Shoat's Creek and Colombia, once they are in full production. (For info at current exchange rates US$ 658,350 = A$ 889,628)Also of note are the following extracts:"Along with these income streams, the Group itself is now on a much better financial footing, following the reduction in plc running costs, with overheads now thought to be at just £30K per month, compared to £100K per month back in 2013. With improved finances and cash flow income, Red Rock could be in a position to self-fund its own asset and project purchases and development, instead of relying upon dilutive equity placings.""The asset with the largest valuation uplift is the Colombian gold mineinvestments, which we estimate are now worth £3.3m (prev. £1.7m). This includes an estimated discounted royalty value (US$1.9m) and also a risked value for the promissory note interest (US$2.28m). The value of the note depends upon the result of current negotiations with CML and Para Resources on whether RRR had the right to convert the note into shares of TSX listed Para Resources and at what price it should be converted. The value of the converted note could be between £1.5m and £2.9m, an amount that could exceed the current market cap of Red Rock Resources.""Another more highly valued asset is the Shoats Creek oil interests, which have increased from £0.2m to £1.1m, due to a higher and more robust oil price of US$40 per barrel (prev. US$25) and more expansive field development plans. We have maintained our licence risk of 30% for the Kenya gold project, which has risen in value from £3.68m to £4.06m due to the stronger US dollar. A positive outcome to any judicial review and restoration of title over the properties could eliminate the asset’s licence risk."Price target has been reduced from 4.2p to 2.8p to reflect the dilution which has occurred since the last note, but if they can now survive from cash flows, as indicated, for once the target looks achievable. There is clearly a lot more value associated with the promissory note than I had thought, so resolution of that issue could have a marked effect on the share price, given that it could remove any remaining doubts about future dilution.Good luck all,T
blue_sky
22 Nov 2016
upward phase For me RNS yesterday represented start of upward phase, with prospect of hard cash to be received and more where it came from very likely. Things are hotting up here for us minority private shareholders.
blue_sky
22 Nov 2016
Bottomed out Totally agree and feel also that this share has bottomed out and on the riseHas bottomed out from charting perspective as pointed out.But also from a performance perspective.The results due soon will be historical period to 30th June 2016 this represented the bottoming out,The results to 30th December 2016 should show why this has bottomed out with cuts to overheads. This period finishes 30th December 2016 so we are 5 months into this period and this represents the end of the bottoming out phase with the inflexion point upwards now.But yesterday was where it got really tasty, yesterday was totally unexpected to me. Please read RNS draw your own conclusions. But for me this represented the end of the bottoming out phase from a financial and i suspect share price point of view. In my view the period from yesterday to 30th June 2017 will be where it gets really tasty and for me represents the start of the upward phase.
the old trout
21 Nov 2016
More news soon Plenty more news to come here in the very short term imho From the 5th September update we know that "We have in the last month received initial payments of both oil production revenue share at Shoats Creek and gold royalties from CML. These are significant milestones for us. To these income flows, which we expect to increase significantly once full operation is achieved, we anticipate in due course the addition of a third income stream from dividends on our interest in manganese producer Jupiter Mines Ltd.· US$225,000 from CML now received as instalment payment for 2015 sale of Colombian assets Future royalty payments will cover calendar quarters, with the next payment due by 30 November 2016. . As stated before, we consider that under the terms of the agreements with CML, conversion to listed shares of the US$1,000,000 CML Note due 2018 was triggered earlier this year, and we served notice of this. CML has challenged Red Rock's right to convert but following a meeting of the parties on 30th August has indicated to us that it expects to make an offer of early repayment of the Note. Depending on the terms on offer, Red Rock may not, therefore, need to initiate the arbitration process."Then from the 14 October RNS:"Further to the announcement of 5 September 2016, Red Rock announces an update in relation to the Company's Shoats Creek Field in Beauregard Parish, Louisiana ("Shoats Creek"
. The Company has been advised by the operator that gas production has begun from the Lutcher Moore 20 ("LM20" well at Shoats Creek.Highlights:· A 600 metre gas line has now been installed which enables oil and gas to be produced from wells at Shoats Creek, including LM 20.· LM 20 has now started delivering gas· Revised production rates from LM20 will be reported shortly, once they have been determined• Gas sales to Enerfin Field Services LLC, a subsidiary of Enerfin Resources Company will start at the end of the second week of October with first cash flow from gas sales expected in November 2016"So a stream of further RNS and increasing cashflow is inevitable over the coming weeks. Looking further ahead there's also the possibility of some movement on Kenya and Greenland. I know that the embittered posters who constantly deride Andrew Bell will scoff at the latter, but iron ore is in recovery mode, check out the one year chart here:[link] the description of the resource here:[link] take a look at what the Chinese company General Nice has been up to with another iron ore prospect in Greenland:[link] following paragraph stands out for me: " We are working on an optimisation plan for the Isua project and a through review of its economic value. Meanwhile we are reviewing the potential of other projects in the Nordic region generally, Greenland included. We will consider joint ventures as well as acquisitions as a way to build a portfolio."Imho there is no value attributed to either Kenya or Greenland in the current market cap and clearly any deal to bring forward Greenland would be transformational for the share price here.
blue_sky
21 Nov 2016
Re: Golden Cross Loving that chart, looks beautiful to my eyes, thanks for posting.Todays RNS looks just as good too
the old trout
21 Nov 2016
Golden Cross Not seen one of those for a very long time here. The stock has bottomed and the whingers need to get over it. Note the recent higher low and the crossing of the 20 day and 50 day moving averages.T
goldpig1
21 Nov 2016
Re: Bit of a flurry of activity today. N... Turn around? doubt it, this will just become part of Mr bells salary , bonus and expenses. dilution will only end when this lot de-list
GRAMPSAV
21 Nov 2016
Re: Today's Newsletter Apologies fellow posters it should read today's RNS.
GRAMPSAV
21 Nov 2016
Re: Today's Newsletter Has posted on the 27thOct the Tshipi Manganese Mine is certainly one of RRRs better investments withthe mine producing good results , the shares showing good capital growth for Shareholders and a goodDividend of around half a million pounds for RRR due in March 2017.
fish lips
21 Nov 2016
Re: Bit of a flurry of activity today. News ... So there is the news £.5m quid next year, with perhaps more if prices hold up. Maybe 2017 will be the turn around year for RRR and RGM. A 60 year mine so could look like we will get dividends most years hopefully no more dilution.
