Red Rock Resources - Re: RRR Stream Log - dear oh dear oh dear...can...

dear oh dear oh dear...can anyone stop omar's verbal incontinence....at least we know one thing...he has no more insight than that available in a primary A'level text book.....the difference however between economics and commerce is small but hugely significant: Every economic argument begins..."assuming.." and anyone worth an ounce of credit in business says "never assume anything"...so let's not assume. According to a 2014 research paper by Jonny Hesthammer and Hans Gebauer "Over the past four decades, commercial exploration success rate has remained surprisingly constant at around 25% worldwide. The same success rate is also found for more than 300 wildcat wells offshore Norway during the past decade. The introduction of 3D seismic and other technologies combined with an ever increasing knowledge base have not changed this"...So a generous soul like Omar would claim a 25% cos whereas I would note a 75% failure rate. Furthermore, go see the Oct 1st 2010 RNS regarding the mooted sale of assets by Kansai Mining, the $6.8million dollar upside for RRR - and the $500k transfer to Kansai for equity....how we all whooped with joy. Only the deal was well.....hmmmmm..and there's $500k unaccounted for.......Of course you wont find any explanation from this from Omar...nor any explanation as to how you value a company that can't produce accounts...nor can he provide a basic accountancy textbook to explain the process