for full value destruction you need to consider that in today's money, a share back in 2010 would cost £4.00
TG investment - outstanding news...huge vote of confidence for the future
the real question for me is revenue. Revenue will dynamise the MTR model because it wont need further HNW investment and be financially self supporting. So when we see an RNS saying we have producing assets or are acquiring a share in a producer i think things will change materially.
Something isn't quite right....for sure...something or someone is holding the price down...
I haven't posted here for a long time, and I take no pleasure in the sp position - I do urge all who have to take a good long look at MTR....It's where Alex B. is coming from and has Terry Grammar at the helm (research him, he has had some spectacular successes). I speculate myself that at some point, perhaps even now, MTR will pick up some equity here - but take a look at the asset base they are building. It is no good crying about what might have been. Anyway, good luck whatever you decide...but fro me there is more upside, more exposure to a variety of assets than here - and that means more chance to recover the losses from MA & his family's despicable fraud
i have 7million happy to sell for £3 per share
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 This offer was later rescinded.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?