The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Clearly, you have not bought in already, and you have missed the boat, so stop spamming aboard with utter nonsense.
This has been a long process, it’s finally coming together, the uplifting share price is long overdue, either you are in or out. Unlucky if you are out.
AGM on 16th Feb.
Resolution to increase share capital by 1.5bn shares.
Why do that if DRC is imminent ? Why use Reach RNS for non price sensitive information ?.
If they withdrew the motion to issue shares on 16th February this would rocket and even i would buy in :)
AGM Friday 16th Coffee
Authority for 1.5bn shares to be granted.
This is a manufactured spike to let the December mates rates placing out.
Completely inapproriate use of the Reach system - which is not for price sensitive information.
Its fooled all the Donkeys on here.
Even i thought Bell had delivered for a while, but like everything we do the truth comes out.
The Nomad really make him issue a speeding ticket RNS -- we know no reason for the increase if it increases today :)
Getting all hot and bothered again.
Kimi remember all the sneering about Mako Gold, one our neighbours in Cote d'Ivoire? Up another 29% overnight. Maybe someone thinks that the Napie Shear Zone has some gold in it?
xx
And that’s all that matters.
It’s way oversold and this is the start of the rerate.
GLA
He hasn't got anyhead room to print more shares, there is no placing.
They probably often release them. Like many others i didn't realise what a "reach rns" was.
If you scroll down on this website you will see them explain what a "reach rns" is and that a company can use one for market purposes. I guess you could say for ramping purposes.
https://www.shiftingshares.com/what-is-rns/
This “reach” RNS is interesting ? Have RRR ever done this before, apart from the last 2 ? Seems a bit smelly to me ! In fairness if the DRC money doesn’t come this week and they manage to get placing away then sone ones played a blinder !
Yes as i said last night DDR's post on a "reach rns" was very helpful.
Hi Banbury, I've looked again at yesterdays RNS and again it just didn't impress me.
(1) Also seeing the Lenigas ramping tweet last night tells me he was behind yesterdays RNS. In his below tweet he said he knew the RNS was coming.
https://twitter.com/DavidLenigas/status/1754562808522355105
(2) Points 1 to 4 in the RNS were just repeats of what was said in the 24 Jan RNS. So repeat of old news.
(3) Bell says his country manager has been invited to a meeting on Tuesday (so today) but then Bell says he will update the market next week. So to me that tells me the meeting cannot be that important.
Also Bell used to say if the written arbitration judgement arrived then he would be on the plane to Congo and then sitting next to his bank manager waiting for any money to arrive. The "update next week" tells me that's not happening.
(4) Last nights RNS was a "Reach RNS" which can only contain non price sensitive news. A company can release a "Reach RNS" just for marketing purposes. So to me that suggested that Lenigas got them to release old news but dress it up in a new way.
(5) It also makes me very suspicious that Congo is supposedly concluding very near to next Fridays (16th Feb) RRR AGM. That seem way too perfect.
So based on that i expect next weeks RNS will say Tuesday meeting was very promising and the money is even more imminenter 😆. Then all resolutions will get voted through at next weeks AGM. Then probably within a couple of weeks a big fundraise will happen just to tide them over until the imminent DRC money arrives.
I fully understand i am in the minority and last night's RNS excited many people because they believe the DRC money is very imminent. They may be right i may be wrong.
Seems RRR has a new unregulated way of reporting. Reach !!!
Last two RNSs thanks to DDR on other board.
Now we know why Lenigas is here to add even more smoke and mirrors.
As ever comedy gold. Be very careful with this one.
As late as 11th Dec he could not pay our contractors and was issuing shares at .11p
That gave them all of a few days grace before he issued 666m at 0.075m. We don't know to who and no holdings RNS.
Lots of dissapointed insiders sat on a loss !
Not beyond the possibility we will see lots of activity short of receipt of cash to allow the placing guys out.
I'm expecting high volume today but no spike so close 0.12 tops. Proof of pudding in receipt of cash. AGM 16th Feb. Interesting times.
Zumore - I've filtered News to.
Massively happy for Shareholders if this works out.
In amongst the absolutely horrific style of presentation and communication He is clearly knowledge but i agree a dialogue is a horrible experience.
Fascinating few weeks after 18 years has Bell actually pulled something off.
I'm hugely suspicious
- Why let Lenigas in on the victory parade.
- To close to AGM and 1.5bn shares
- His form is shocking.
- Greenland went as far as money paid but lost in the banking system.
- why the rush to issue 1bn shares just before Xmas if it was this close ? Surely a holding RNS. Or as we have never been told who holds mates rates ? [ Whatever he's screwed over LTHs]
Still think theirs more to this than meets the eye there allways is with RRR.
Time to buy and hold for substantial reward.BY Friday 500% very possible anticipation of 10 million litigation funding.Life tine opportunity.
Have a look at the MAP provided by "noirua" on the other forum entitled: "Musonoi Area 1 PE4962-Kamukongo PE663-Kasombo PE2360 DRC" thread which states: "MUSONOI AREA 1 is in ARBITRATION in Luanshima , DRC after the tenement was sold by Red Rock's partner without their KNOWLEDGE. The co is seeking PART of the sum obtained from the sale of this tenement and a replacement tenement. "
From the MAP show: MUSONI Area 1 [RRR] is D I S T I N C T , m a r k e d 1 from Glencore's KATANGA DENOTED NEXT DOOR , marked 2.
https://uk.advfn.com/cmn/fbb/thread.php3?=45422881 [Map shows 8 licences inc Glencore's Katanga , NEXT DOOR to Musonoi [RRR and marked so]. Re: Zumore's post may be mistaken?
I typed a few paras from the RNS as above and press post and it comes out in a para'ed way. How does that detract from the quotation in verbatim.
How does MUSONOI from the RRR 2022 Annual Report litigation not be correct, given legal counsel was consulted and to which end, is now the subject of today's RNS, 5 .2.24 from RRR. I knew to check the RRR 2022 Annual Report given arbitration of this SAME matter was during 2022. Does that mean that the Nomad also does not know but Zumore knows? Puzzled. Since I am on filter , LoL, it means someone here must answer - it cannot go unanswered.
Wow - Just checked in ! Great rise of holders, this is the one time I think people should take heed of helpfuls words - It’s not done until it’s done ! 😉
News i have provided the exact Glencore RNS that details the land purchase from Gecamines.
https://www.lse.co.uk/rns/GLEN/katanga-announces-agreement-to-acquire-land-rights-fv11cerfyb01a1p.html
I'm quite sure the Glencore subsidiary purchased all the land legally from Gecamines and their legal team made sure that Gecamines officially owned all the licenses.
.....
By the way you are now filtered by me because your post layouts are an eyesore on my eyes. The way you lay a post out makes all your posts look the same. It's ugly to look at. It's like a big wall of writing. I can no longer tolerate looking at them. So from now you are on filter.
I quote:
"That MUSONOI & the other JV projects with GECAMINES in the DRC were without our knowledge and consent SOLD FOR $20M after we had started work there, and then according to our information SOLD ON by a simultaneous or near simultaneous contract --------------FOR SOME H U N D R E D S OF MILLIONS. shows we had identified and obtained
a first rate project and our shareholders were ENTITLED to the benefit, which to date they have NOT received.
Our pursuit of the lost benefit and of the compensation for the damage done....FURTHER ACTIONS to make whole and compensate the co & shareholders....looking at other REMEDIES that may be PURSUED OUTSIDE THE DRC....these RIGHTS have NOT BEEN RESPECTED ---UPON LEGAL ADVICE." Link: https://www.rrrplc.com/investors/reports-and-presentations/reports/ [Ref: RRR Annual Report 2022]
ZUMORE
I hope that helps. Since Panda 1 and I heard $400m, I am sure you will be able to recall that Mr Andrew Bell, Chairman of RRR stated this figure in an interview which all of us heard. I provide you respectfully, verbatim from the Annual Report of 2022 from RRR which has been RNS.
Bosh, 5p by 9.30am
The $400m has been mentioned by Andrew Bell in an interview.
I have to check through ALL THE FINANCIAL ACCOUNTS ie interim and annual reports to re-check.
Once this matter is hopefully clarified, I am sure we will hear more about the $400m but until then it is pre-mature.
20:23
I checked the RRR RNS of 24 Jan 2024 @7am [RNS No 6841A] which I quoted verbatim: " A draft of the arbitration AWARD
has been received and awaits SIGNATURE & RELEASE. Arbitration HEARINGS and negotiations have been HELD IN KINSHASA..."
This 24 Jan 2024 RNS from RRR relating to DRC LITIGATION is stated at the bottom of this RNS: " provided by RNS, the news service of the London Stock Exchange . RNS is approved by the FCA...."
RRR 5 FEB 2024 RNS|: UPDATE ON DRC LITIGATION:
It is upheld by the early 24 Jan 2024 RNS as above. As for the other poster, I have shares in RRR and so do others and as such I have to clarify if the info posted is not complete. That is my right. It may be a bit more explanatory because otherwise, others can say it is just a view but NOT BACK BY MATERIAL RNS wording. Not to CORRECT means it is left to be missed out.
Mon, 5 Feb 2024.
This now upward and onward anticipation of 10 million funding..By Friday close expecting 0.40 p to 0.50p.As the market cap is dirt cheap compared to funding.Very rare and multi-bagger potential opportunity. only a matter of patience.
Panda the $400 million is what Bell and Helpful said. Bell never said it in an RNS.
Anyway it isn't true. Going by previous dates this the RNS when Gecamines sold to a Glencore subsidiary.
https://www.lse.co.uk/rns/GLEN/katanga-announces-agreement-to-acquire-land-rights-fv11cerfyb01a1p.html
A regulatory RNS will be issued once the arbitration judgement is released