babyj
04 May 2016
GRL investment Their recent investment in Gladstone now worth £260k form £112.5k
GRAMPSAV
01 May 2016
29TH APRIL RNS 29 Apr 2016 11
04Red Rock ResourcesRNS Number : 8269WRed Rock Resources plc29 April 2016 Red Rock Resources Plc("Red Rock" or the "Company"
Strategic Financing and Director Purchases; TVR 29 April 2016 Placing of Shares Red Rock Resources Plc, the natural resource investment and development company with precious metals and energy interests is pleased to announce a strategic financing including a £35,000 participation by Company directors. Highlights: § Red Rock is issuing a total of 97,023,801 ordinary shares of 0.01p each ("Placing Shares" in the Company at a price of 0.42 pence per Placing Share (the "Placing". The gross proceeds of the Placing are £407,500; § For each Placing Share, each subscriber will be issued with one warrant exercisable at 0.84 pence per share and expiring thirty months after the date of admission to trading on AIM of the Placing Shares ("Warrants"; § The Warrants are subject to an accelerator whereby they must be exercised or abandoned should Red Rock shares trade at a ten day volume-weighted average price of 2.5 pence or more; § Metal Tiger plc (AIM:MTR)("MTR" has agreed to subscribe £125,000 for 29,761,904 of the Placing Shares. § Metal Tiger is in addition subscribing for £100,000 of Red Rock shares under a strategic equity exchange agreement ("Subscription", as outlined below); § Metal Tiger has the right to appoint a Non-Executive director to the board of Red Rock at any time during the next 12 months; § Directors of the Company are subscribing for £35,000 of stock in the placing (see below) following recent on-market purchases; § The financing funds the expected cost of Red Rock's Shoats Creek drilling participation for 2016. It will also allow for the enhancement of existing gold interests, and potential acquisition of new opportunities. Andrew Bell, Chairman of Red Rock Resources said: "This financing comes at a key time and marks the point from which the potential for a sustained recovery in the natural resource sector and for Red Rock Resources becomes more visible. Our developing oil interests are designed to cover our day-to-day costs thus making Red Rock self-sufficient at a core level. Our oil revenues are projected to build steadily through 2016, at the same time as gold royalties build in the second half of 2016 and other income streams develop. Scheduled payments from last year's disposal of Colombian gold interests are expected to be a substantial contributor in the second half of 2016. A number of positive developments are being engineered within our existing interests and we are looking forward to reporting this progress across our existing portfolio in the near term. This favourable outlook puts us in a position to turn our attention from short term to strategic considerations. We now have strategic financing support from Metal Tiger, who have expressed an interest in working with us to further improve our investment proposition and we expect pass us new opportunities. We welcome this on-going support and will be working with the team at Metal Tiger to accelerate the growth within our business, and growth that adds value for investors." Director Participation Andrew Bell, Sam Quinn and Scott Kaintz, directors of the Company, participated in the Placing as follows: - Andrew Bell subscribed for 4,761,904 Placing Shares at a total cost of £20,000- Sam Quinn subscribed for 1,785,714 Placing Shares at a total cost of £7,500- Scott Kaintz subscribed for 1,785,714 Placing Shares at a total cost of £7,500 As a result of their participation their holdings on completion of the Placing will be: DirectorsOrdinary Shares in the CompanyDirectIndirect*TotalTotal Share Capital %Total WarrantsTotalOptionsAndrew R M Bell7,706,0774,148,91411,854,9913.02%5,867,1675,760,000Scott C Kaintz04,598,1944,598,1941.17%1,7
GRAMPSAV
29 Apr 2016
New RNS release Regarding Metal Tigers cash investment and strategic equity exchange in RRR.Also £35000 investment by the Directors of RRR, Shoats Creek Drilling ,Enhancemenrof existing gold interests and potential acquisitions of new opportunities Makes interesting reading.
GRAMPSAV
29 Apr 2016
Re: Today's RNS Be-cool if you had purchased a million pounds worth of shares yesterday you would have been£200,000 in profit at 11am .It's always risky on AIM but buying at these low prices on a rising commodity market is a safer bet than theRapidly declining market of the last few years when the risk was much greater.You could have virtually doubled your money in this share over the past 3 months .AIM is risky but following market trends does go some way to cutting your losses no matter how much orlittle you invest . DYOR on future trends ,we can all only learn from the past.,
Nige the snake
29 Apr 2016
rns re mtr and RRR should do wonders for sp29 April 2016Metal Tiger Plc("Metal Tiger" or the "Company" STRATEGIC ACQUISITION - RED ROCK RESOURCES Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce a strategic investment totaling £225,000 in Red Rock Resources plc ("Red Rock"(AIM:RRR).Highlights: § Investment of £125,000 in cash to acquire 29,761,904 Red Rock shares at 0.42p; § Metal Tiger to receive one warrant at 0.84p for each Red Rock share purchased at 0.42p in the placing (being 29,761,904 warrants in total), with a warrant life of 30 months; § Warrants subject to an accelerator whereby in the event that Red Rock shares trade in excess of a ten day vwap of 2.5p or more, the warrant holders, following notification, have 7 days to confirm a wish to exercise and a further 14 days to pay, otherwise the warrants will be cancelled; § Strategic share exchange ("Share Swap" whereby Metal Tiger invests a further £100,000 to acquire an additional 23,809,523 Red Rock Shares at 0.42p per share in exchange for a £100,000 of Metal Tiger shares, being 1,818,182 Metal Tiger shares at 5.5p each. Red Rock and Metal Tiger may not dispose of the other parties Share Swap shares for a period of three months without the other party's approval. The strategic share exchange is subject to both company auditors confirming the reasonableness of the transaction in line with proper commercial practice; § Following completion of the proposals outlined above, Metal Tiger will own 53,571,427 Red Rock shares representing 13.65% of Red Rock's issued share capital; § Metal Tiger has the right to appoint a Non-Executive Director to the Red Rock board at any time during the next 12 months. Terry Grammer, Chairman of Metal Tiger commented "we are pleased to announce a further strategic investment, this time into Red Rock and utilising a combination of £125,000 cash and £100,000 of Metal Tiger shares under the proposed strategic share exchange. The Red Rock interest will be held in the Company's Asset Trading division. The incoming cash and liquid shares will help revitalise Red Rock and we will be watching the developments announced by Red Rock with interest over the coming weeks and months." Red Rock reported net assets of £7,947,094 as at 31 December 2015 and a loss for the year ended 30 June 2015 of £8,411,541. Paul Johnson, Chief Executive Officer of Metal Tiger plc excluded himself from the decision to proceed with this acquisition being an existing holder of Red Rock shares. The 1,818,182 new ordinary shares are expected to be admitted to trading on or around 6 May 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 520,995,443. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs", the issued ordinary share capital of Metal Tiger following this allotment consists 520,995,443 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs. For the avoidance of doubt following the admission to trading on 11 May of the 22,222,218 shares issued as part of the £1 million placing announced on the 26 April 2016 there will be 543,217,661 ordinary shares with voting rights attached (one vote per share). For further information on the Company, visit: www.metaltigerplc.com: Paul Johnson (Chief Executive Officer) Tel: +44 (0)7766 465 617Terry Grammer (Non- Executive Chairman)
scotchoverice
16 Jan 2016
Oh dear BSL..isn't ANDREW paying you enough?
scotchoverice
14 Jan 2016
18% PRICE DROP ...
scotchoverice
12 Jan 2016
anyone who believes a word AB says desreves to be invested here
scotchoverice
11 Jan 2016
Isn't AB a director of MMM?
scotchoverice
22 Dec 2015
for full value destruction you need to consider that in today's money, a share back in 2010 would cost £4.00
scotchoverice
15 Dec 2015
follow @andybollox
scotchoverice
23 Nov 2015
Sh*t Creek surely? Paddle anyone??
scotchoverice
19 Nov 2015
During 2010 – 2 specific RNS’ were released regarding KMC, the acquisition of licences by a third party, and the payment of $10m Canadian dollars to RRR. These were issued on October 1st 2010 and December 10th. This positive news underpinned and contributed to a strong rise in RRRs share price through the latter months of 2010. No further RNS’s have, as far as I can see, been issued in relation to this transaction to the markets or shareholders. The next comment I have located re this transaction is located at the back of the 2011 Annual report and under “22 Significant agreements and transactions continued†which states “Kansai Mining Corporation Limited and Mid Migori Mining Company Limited, Kenya On 30 September 2010 an offer was made for the assets of Kansai by a third party, suggesting a value of the Company’s interest. at Ca$10,898,000. This offer was later rescinded. During 2011, the Directors have been exercising options and selling shares – for example – “ Red Rock Resources PLC ("Red Rock" or the "Company") has been notified that directors Andrew Bell and Manoli Yannaghas have on 27 and 28 June sold 800,000 and 375,000 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at prices of 6.0 pence and 5.9 pence per share respectively†The pertinent questions 1. When did the directors first suspect the KMC deal was not likely to happen? 2. When, on what date, was the KMC proposed deal rescinded? 3. Did the directors deal in RRR shares and particularly sell shares – whilst aware of the deal being unlikely to happen, or even more problematically, in full knowledge of the deal having been rescinded but without any such declaration have being made to shareholders and the market?
scotchoverice
19 Nov 2015
Hey look..AM more jam tomorrow
scotchoverice
18 Nov 2015
Only bell could time a new strategy into oil with the biggest glut and worst price in 30 years
