I now hold 10.48m and will cross 10.5 today....buying at the warrant holders price is, for me, a moment not to be missed lightly. I guess the question is whether you believe the direction of travel is positive and the story true. I would like to see the BOD buy some shares at current prices...but the game we are in is not for the faint hearted. Has Kabwe been reassembled? Is there a cooperation agreement with Hunan being developed? This has huge potentials risk....but on balance I remain in and I don't just say buy...I continue to see the price weakness as opportunity...GLA
Sorry..transparency and externally verifiable data would provide reassuring clarity..GLA
Not that there is anything wrong...but clarity, transparency, externalwould answer many que
RRR and RGM have spent on "administrative expenses" over the last 4 years. Delphic too?
As for Greenland deal is still on.....hmmmmm...really. I mean, really? Who is the buyer, what is the offer, what is the critical path and timetable to close the deal? Why hasn't it closed yet? If you recall the IPCM deal was still on and its "rescindmen" was only squirted out in the small print footnotes of the 2010 Annual Report . So...where is the data...where are the hard facts to give confidence to the "belief" the deal. Is on? If it is such a great asset, why is only 1 alleged interested but non-committal party in the mix? Now then about the £14.5m r
When Omar says "Delphic" he is being Delphic. Seems deliberately obscure and hidden away to me. Simple questions: how much of the loan is being repaid? Why did RRR provide a loan in the first place, hadn't they paid MFP a bunch of cash for the 51%? Is RRR a bank.
Bugle - you take a view and invest accordingly. I believe strongly that the smart money is going into Africa for resources awaiting the chinese to buy....so far all pointers are heading in the right direction...it is not my only investment...but it has stellar upside and most of the risk is already priced in...we have the assets
10.405m and 81% of target holding achieved...hopefully the price can stay low until April ISA limits can be loaded
IPCM deal....letter to shareholders....admittedly this could be a different deal....can anyone find out the veracity of the information? We seek safe harbour 
Dear Shareholders and Colleagues,
A little after 11.11 a.m. this morning, when I read an email received at that time, we became aware of the announcement put out by Kansai Mining Corporation in Canada. So we knew only a little before you did. This seems an excellent transaction, and we hope it succeeds.
We knew of the possibility, and had meetings and discussions a few months ago with Kansai and the acquirer, even in relation to the specific terms, and we are of course in touch with Kansai on a near-daily basis, but we were not aware that matters between Kansai and the buyer had progressed so well and so far. We suspected that the deal might not proceed. We were wrong.
We understand that the principal interest of the acquirer group is in the Venezuelan diamonds, and in Bruce Walsham’s skills as a project finder. They have known each other for some time.
For us the attraction of this deal is that (a) we retain our JV and earn-in with Kansai unaffected, (b) we dispose of a peripheral asset for a large short-term gain, (c) we get funds to finance our exploration and development, and (d) we gain a financially strong new partner.
I am not sure this is a tribute to our skill, unless in investing in Kansai at a very low entry point. It is not, as some have suggested, a tribute to our cunning that we are bringing out this news at short notice on a Friday afternoon. No! Sometimes one just gets lucky.
Andrew Bell
Red Rock Resources plc
115 Eastbourne Mews
London W2 6LQ
Tel:
+44(0)2070995840