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After hours placing is the betting after this pump and dump
The wording around DRC is getting softer. What an absolute mess of a company with one of the worst CEO's at the helm.
Must be getting close to a SAG being formed here? 🤣
Just a view on the current situation which seems incredible promising.
Ha ha the sceptic in me saying a few small buys after bell fry and lure in the crowd, doesn’t look like it’s working - Once bitten twice shy and all that - Or in RRR’s case 20 times bitten ……lol.
Any selling and and could well see trades below 0.06 today ! If there is a placing going to land dread to think what price it might be at 🙈🙈🙈🙈
“About Reach announcements”
They’re a load of bull zhit.
TDT
RNS reach. Any buying will be sold into
"We are in constant communication with our country representative, our lawyer, and our local partner and expect senior management to be in the DRC this week or next with a view to finalisation."
Senior management =Bell?
Will Bell pull it off? 0.25p on relieving award?? 3bag??? Then litigation for the BIG prize, $400,000??? 1p???? 10 bag?????
Sign me up fir the rampers club...
Not sure that will suck anyone in.
It's a Reach RNS as nothing not allready said.
I think they have a loan so not convinced on an placing.
No doubt the shorters will be out :) [ that is irony News and H5O]
They must be down to the last £200k from the last placing. Andrew Madoff Bell needs the SP higher to get the placing away
Dukey I have news on filter. Far too long posts and content very exacting niche and peripheral.
I actually get really pished off with the threats.
That last post was a factual chronological picture of everything that was said officially by the company on Lithium.
The short version is we put everything on hold because of prices and we conducted a small scale test and learn on exports.
My suspicion is they tried to dress up the test and learn as something far more than it really was due to the ridiculous hyperbole about Tin Hill from the months before.
It seemed to have backfired and not helped with the trust element.
All they needed to do was a clear RNS saying Tin Hill had great potential and has been mothballed until Lithium prices were x.
I do wish the company and holders well. It just needs balance and the hyperbole cut down and Helpful can't resist. The rubbish on Faso throughput and production was ridiculous.
Hahahaha ANOTHER REACH RNS - HAHAHAHAHAHAHAHHA !!!!
The neck on them, absolutely nothing new in that RNS what so ever in my opinion, some would say purely put out to suck in people to get the placing away !
Another roll of the BS dice before the placing ?
Banbury - With all "news" long winded posts trying to make himself look clever, or superior than us, looks like he though Paul Johnson was still in charge at POW - So back tracking on his comment now . . lol
Yes - When Helpful spouts figures hopefully everyone now takes them with a pinch of salt ! Large pinch of slat at that !
Helpfuls 12.16 5th March post. I have allready added balance to his one sided view on DRC and Elephant.
Number 3 - "the Lithium price is recovering which will help ALR"
1. A more modest statement. Lest we not forget.
Sept 23 - Helpful was talking production in the tens of thousands of tons a month and NPV of millions - see the first equity model he shouted !
2. 18th August RNS we were procuring " crushing and benification equipment". We were looking at sales channels. Five Chinese buyers. Task force in Dubai. We onboarded Dirk who spookily we could not pay in Dec and issued him shares.
3. A month later we pivoted to trialing export channels. We had the fiasco of the fake photos ( Dirk the designated driver got sick) and an underling took them. It was revealed it was not ALR Lithium but we brought it on the open market.
4 . Judge us by our exports they cried.15th November RNS great joy as first truck left for Beira - no news on truck 2 -7
5. Chairmans statement for AGM - delay now from weeks before chinese new year to weeks after.
6. A week or so ago Bell says the 200 tonnes is safely in storage in Zimbabwe costing nothing ( cynically I would question that and we brought high ) .
Helpful then tells us Bell was being imprecise !!!
So the backsliding on the hype is pretty amazing and under some interpretations a cynic might suggest all we have done is purchase 200 tonnes of Lithium from a third party and store it.
I look at Helpful who was party to bigging this up and can only conclude he is the world's worst Investment Advisor.
Theeeeduke- Ya think so? Paul is not in charge? Depends on what you call in charge. I mean it in a loose term as in
Paul can speak to whoever is indeed in charge formally and officially.
No need to REPEAT for the "1,-000th" time is it? My ears are sore from hearing non-stop ie repeating the same acorn. it happens , it happens and IF not, as a RC, I think life can bring surprises. No, I have not lost my shirt at RRR but I believe in RESOLUTION DEAD LOCK. Hence, I post to see IF there is any reply ie the right of reply. IF, it should ever transpire to the London High Court, I shall book a seat as it would be interesting to meet ya all. I am quite sure there will be surprises. Now that , one holder of RRR told RRR on Twitter about police involved recently, well I am relieved. I think I read about it in the papers but I did not pay close attention.
Change the tune a bit. TRY TO BE A PROFESSIONAL ANALYST ie ASSETS MINUS LIABILITY and go on from there and cash flow management. RRR is in an enviable place with GOLD at the right time, right place - God works in mysterious ways and who knows, there could be surprises in store of the good type.
Best regards as I respect those who speak with logic, reason and class.
Resigned about a year ago I believe !
And news - I don’t think Paul I’m in charge at POW anymore !
News - You have obviously invested or have a vested interest in the share price improving from here ! If you have invested you are obviously down on your investment, which is not nice to see for anyone. Whilst I agree with what you say in one sense, if Andrew Bell/RRR has managed to get money for RRR through another means other than a placing then great ! But if it has not been RNS’d and people do not know about it, then we can only go off what we know - DRC money hasn’t arrived, cash burn can be calculated using accounts, plus some with BF costs from last RNS, if no other source of funding announced one can only presume a placing is very near, and a large one on that. Not trying to scare anyone but that’s the only logical thought process if your judgement os based on past history and all information in the public domain !
Https://hotcopper.com.au/asx/sxg/
"SXG Ann: Drills 2,318g/t gold over 1m in best hole." [Share up 13.5% at A$1.48, Mkt Cap A$132.8m].
Southern Cross Gold [SXG] IPO'ed not so long ago. RRR has been tweeted recently about their JV with POW at Victoria, Australia.
Note: Before anyone can chide me, RRR's licence [large] is NEXT to SUNDAY CREEK , Victoria. IT IS NOT CLOSESOLOGY in case there is criticism. GOLD was MINED first at RRR's licence and it became a MINING TOWN and when the surface gold [as far as these folks could dig at surface] ran out , then they MOVED TO SUNDAY CREEK, next door and set up operations. When Sunday Creek surface gold ran out, then mining STOPPED. Sunday Creek is DRILLING FURTHER than what the Victorian folks could reach with just picks and shovels etc.
Very nice indeed. Good news all round and SUNDAY CREEK IS NOW SO HOT. I saw Miners Deck and Sunday Creek is No 1. SO, REALLY HOT PROPERTY at Sunday Creek and the HISTORY OF the next door is now RRR'S LICENCE WITH POW.
Talk about left field. Please Helpful, could you inform Paul as he is very keen on junior miners and that POW as a JV partner now OWNS WHAT EVERYONE IN OZ APPEARS TO BE INTERESTED IN IE GOLD AND GOLD AT SUNDAY CREEK. Australians know the HISTORY SO, RRR/POW'S LICENCE NEXT DOOR IS VERY LARGE and was the 1st mining town BEFORE Sunday Creek. So, proven and FACT, BOTH HAD GOLD. Well, mkt cap at A$132.8M after such a short time after IPO is NOT BAD. DYOR. NIA. RELEVANT : INDUSTRY NEWS for RRR as the NEXT DOOR MINING SITE TO SUNDAY CREEK will NOW BE OF GREAT INTEREST AND TALK. Thank you helpful since I dont speak to Paul, email , telephone etc. But you have his email or phone which he gave out to everyone but I didnt take it down.
I just CLICKED onto Helpful's link to Twitter Red Rock. I had NOT seen the latest. FOR THE AVOIDANCE OF DOUBT: Well, well, isnt it interesting that the LAST TWEET in reply to RED ROCK RESOURCES on the DRC mentioned "BB....24/7 etc " ---LoL, so NOT ONLY ME that is seeing this. I wont tweet so I have to ask here. LOOKS LIKE ONE HOLDER OF RRR HAS ALREADY ALSO NOTICED and tweeted to RRR on Twitter. That is not me as I dont tweet about stocks etc.
Come now, Blueboy1975, there is no need to use such non-respectful language. Yes, in the rule of law, ONE HAS TO HEAR ALL SIDES. On the London South East forum tonight, MANY GOLD explorers are talking about the ALL TIME HIGH FOR GOLD at US$2,100+. I CAN SEE FACT- MIKEI, KENYA with JORC 1.2moz comes into play, a IN-SITU asset of US$ 2 . 5 2 billion
Theeeeduke
What Mr Bell, Chairman said or didnt say is NOT my legal remit to decipher re: shorts. If you are x, or y, then that is your remit if you so chose.
As for a placing, I am aware, that EVERYONE can check the RRR INTERIM & ANNUAL REPORT and run a flow sheet if they should choose to do so and IF that is their thing. In London, in an art shop, I saw a gent take out a black notebook and itemise every purchase so this is the accounting type. Even, this is NOT 100% accurate. Funding takes many forms and I do NOT speculate on what type of funds is needed or not needed. Say for example, XTR sold Manica and that was out of the blue so speculation is fruitless as any left field could come given Mr Bell's Annual Report ie cash generation etc.
Blueboy1975 - you were not named and this is a free country and my shareholding counts and if you are a shareholder, you say also counts. But one way WITHOUT BALANCE is no good.
News, your posts are utter drivel.
Contact the nomad, contact Bell - his number is freely available. For some insane reason you think it’s Banbury, and the likes of myself, who drive the SP down. To put it simply, it’s not, it’s Bell. You don’t like how people drag up his awful history of failure, tough, that’s what you judge people on. His fat snout has been in the trough too long with chumps like you defending him. Your absurd waffle about rules and regs is utterly cringeworthy.
News - Haven’t read all your post, but what’s your thoughts on this ?
Many myself included post that a pacing is highly likely to occur, our (well at mine at least) basis for this OPINION is due to the company’s history over the past 15 plus years, plus the fact that looking at all RNS’s including final results, along with no DRC money yet, one can only believe the company is starting to run low on cash and will need some soon - If no DRC money ! If we get told to lawyer up because of this, is it possible Andrew Bell should be told to lawyer up for saying this is being shorted ? Even more so if he has said it is being shorted by MM’s , if he has said this with no proof ? I’m not sure of the exact words he said but hypothetically do I have a point ??