fish lips
16 Nov 2016
Bit of a flurry of activity today. News tomorrow? Perha
GRAMPSAV
27 Oct 2016
Today's Newsletter RRRs investment in Tsipi Manganese appears to be the best bit with Manganese rising from $1.4 per dry metric tonne unit to $5.9 per dmtu so far through this year.Work in progress best describes their other investment with near term cash expected from both the Creek and Four Points Gold Mine(known to regulars as El Limon).Kenya a case of wait and see.
balderick
20 Oct 2016
goldelephant Worth noting the Directors of this company:-Mr Neville BirdMr P M P Newman &Mr Andrew BellRegards
balderick
18 Oct 2016
Re: whatever happened to the investment in E... Companies House disclosure - Elephant Oil...."Termination of appointment of Gavin John Burnell as a director on 6 September 2016"...Accounts due by 31st October...
balderick
13 Oct 2016
GRL For reference,GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that it has been made aware that a former director and employee of the Company has made a claim in The Labour Court of South Africa for certain sums relating to the termination of his employment. The sum being sought would represent a significant proportion of the Company's current cash resources.
balderick
11 Oct 2016
Re: the promissory note Here is Para's view for what it is worth,In August 2016, the Company was informed by Red Rock Resources PLC (“Red Rock”
that they believe a “triggering event” occurred under the terms of the USD $1 million promissory note (the “Note”, due in May 2018, that formed a part of the purchase price for the El Limon Mine from Red Rock by Colombia Milling Limited (“CML”. Red Rock contends that when Para’s ownership of CML exceeded 50%, that triggered an option for Red Rock to convert the Note into shares of CML or the related party that made a public offering. Red Rock contends that this provision gives them the right to convert into shares of Para Resources Inc. The Company does not agree with this interpretation and contends that Para was already a public company when it entered into the agreement to become a shareholder of CML and that no “triggering event” occurred. CML remains a private company. In addition, Para is not a party to the purchase agreement between Red Rock and CML. Discussions between the parties have occurred and are on-going. Para will vigorously oppose any attempt by Red Rock in this regard.Either way we appear no further forward than we were in July...
one4all
08 Sep 2016
whatever happened to the investment in ELEPHANT let me tell you...nothing they have done absolutely nothing, no activity at alll they have no cash to do anything with, it was a payment to pay salaries. no 2D data done in over a year.why did Bell pay them over a quarter of a million quid.. for what purpose??Is he the worse MD of any company ever?? what is the next story he comes up with to relieve shareholders of mmore money and keep him in a job , one more year closer to his pension
Nige the snake
24 Aug 2016
Re: MTR buys 100,000 [email protected] That should read £100,000 worth @0.04p plus warrants RNS
Nige the snake
24 Aug 2016
MTR buys 100,000 [email protected] Plus warrants . Both MTR and RRR should start to move I reckon.... hopefully north!
jaytrader
12 Aug 2016
the promissory note We should be hearing soon if the promissory note will be converted into Para Resources shares at 12.5c. With the current Para price up 25% today to 30.0c. That makes Red Rocks $1m note worth about $2.4m or £1.8m. and the current RRR market cap is £1.9m. The RNS on 1st July saidPursuant to the terms of the Promissory Note which was issued by Columbia Mining Limited ("CML" and following recent announcements by Para Resources Inc. (TSXV
BR) ("Para" in relation to its purchases of shares in CML, Red Rock has notified CML and Para that it considers the conversion of its $1,000,000 Promissory Note into ordinary shares of Para has been triggered, at a price per Para share of 12.5c.Red Rock Chairman Andrew Bell comments: "We are of course delighted to see Colombia Milling concluding the listing of our former Colombia gold assets into a TSX-listed vehicle, Para Resources, and to see the progress in bringing production back on stream at the mine and refurbished plant. We are now seeking to convert our $1m promissory note into equity and have requested CML/Para to nominate a person who will with our nominee seek a resolution of this matter within ten days. Should no settlement occur, the Letter Agreement provides for binding arbitration in London under ICC Rules under English law.Lets hope Andrew is correct.
be_cool
01 Aug 2016
Re: RRR RNS sp should go north today Yeah yeah we have heard all this before.. This share is pants
Dinamite
11 Jul 2016
Catching up hi guys.. I'm still bogged down in the sediment remains of RRR having watched over 99% of my investment leak away. Any of you hold JMS? Just wondering how they are doing.
goldpig1
05 May 2016
Re: RRR RNS sp should go north today instead it goes south, no surprise with this lot.
Nige the snake
05 May 2016
RRR RNS sp should go north today 5 May 2016 Completion of Transaction Red Rock Resources plc, the mining and exploration company with interests in gold and oil production, announces that further to the announcement of 28 April 2016, the acquisition of 6,006,587 shares (9.645%) of Goldstone Resources Limited ("GRL)("Goldstone" has completed and accordingly the Company has issued and allotted to the vendor, Unity Mining Ltd (ASX:UML) ("Unity Mining", a company listed on the Australian Stock Exchange, 21,315,971 new Red Rock shares credited as fully paid. In addition, Red Rock will issue to Unity Mining 21,315,971 options giving the right within two years to exercise each option into a new Red Rock share at a price of 0.66 pence per share. Application has been made to the London Stock Exchange for the 21,315,971 new ordinary shares of 0.01p each, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM ("Admission". Admission is now expected on or around 6 May 2016. At the closing price of Goldstone on 3 May 2016, 3.88p, the value of Red Rock's holding in Goldstone was £233,055 compared with an acquisition cost of £112,500. Update on Shoats Creek As announced on 24 March 2016, the LM 21 well is expected to spud in mid-May 2016. Red Rock has funded its proportionate share of the cost for its 20% WI (and 14.4% NRI). Further updates will be provided as appropriate. Update on Colombia Para Resources Limited (TSXVBR)("Para" reports that the El Limon gold mine in Antioquia, Colombia, has restarted production after a USD 2.5m refurbishment. Para reports that the commissioning phase of the processing cycle began on 18 April and the full circuit will be in operation from 6 May 2016, at an initial rate of 40 TPD (tons per day), with month by month improvements thereafter. Para states that the second ball mill is expected to come on line in July 2016, at which point production is expected to increase to 200 TPD, with material mined by local miners supplementing the 100 TPD it expects to derive from the El Limon mine. Para further states that once steady state production has been achieved, it expects to produce over 20,000 oz of gold per year with a projected all-in sustaining cost of cUSD 600 per ounce.The full statement is available on Para's website. Para Update - 3 May 2016 Para is listed on the TSX Venture Exchange, and at the closing price on 3 May 2016 had a market capitalisation of CAN $20.0m. On 13 January 2016 Para announced a letter of intent to acquire Colombia Milling Ltd, the acquiror of Red Rock's Colombian interests, and this acquisition has subsequently been completed. Red Rock has a principal payment of USD 225,000 in respect of the sale of its Colombian interests due in August, and will receive royalties from production at El Limon from May 2016. In addition, Red Rock holds a promissory note from the purchasers of El Limon for US $ 1m. Red Rock Chairman Andrew Bell states: "We are pleased to have concluded the transaction whereby we and Metal Tiger plc both became substantial shareholders of Goldstone. That company requires new direction, but clearly has great potential and intrinsic upside. The focus of Red Rock remains the generation of cash flows from its two key business areas, onshore oil and gas, and gold. With the generation of revenues at Shoats Creek having begun, and gold royalty flows about to begin, two important milestones in that process are being passed, and we expect these income sources to build through the remainder of the year. Red Rock is also initiating an internal review to ensure that it is properly positioned and structured for the growth ahead." For further information, please contact: Andrew Bell 0207 747 9990 Chairman Red Rock Resources PlcScott Kaintz 0207 747 9990 Director Red Rock Resources PlcRol
alfa-spider
04 May 2016
Re: GRL investment Yes they are 13% up at moment but RRR is 11% down. Bizarre AIM
