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Majsood, here's a short proactive video interview when he had arrived in Congo last year. At the time he gave no indication he was going out there for Arbitration. If you watch from 3 mins 40 secs you'll see how confidently he expected to come back home with the money.
Even over a year ago in this video he had terrible audio. So it must be his device:
https://m.youtube.com/watch?v=hRJ04UI2pe0&pp=ygUVYW5kcmV3IGJlbGwgcHJvYWN0aXZl
Last year when out there he bought himself a new handbag and dictator suit:
https://twitter.com/ABell2019/status/1547278129357619201?cxt=HHwWgoC80djQhPkqAAAA
Lastly here a tweet when he arrived back:
https://twitter.com/ABell2019/status/1548951736982847490?cxt=HHwWhICykb3Z_f4qAAAA
We are claiming for 50% plus of the 20mil plus damages!
Read last paragraph!!
Blueboy you guys are f##### lazy 😁😁
Read this from 5th of august rns,long reading but worth reading:lol
Red Rock Chairman Andrew Bell comments : "As many will know, we recently returned from a trip to the DRC of over 6 weeks, the primary purpose of which was to participate in arbitration proceedings in Kinshasa where we are pursuing claims to our share of the sale proceeds of the key assets of a joint venture, which were disposed of without our knowledge.
$15m of these proceeds are held by the buyer of those assets pending the result of the arbitration.
In the light of shareholder speculation, we wish to set out to the best of our understanding the current situation.
After several hearings, which clarified the factual background, the arbitrators urged us and the other party to negotiate between ourselves before the arbitration concluded to arrive at, if possible, an agreed outcome.
A compromise, which represented a significant discount to what we believe to be our entitlement, but which exceeded 50% of the amount still retained by the buyer, was put to us and in the circumstances where we believed it was accepted by the other party and in deference to the wishes of the arbitrator at that time for an agreed solution, we were minded to concede, though with reluctance.
Subsequently it appeared that the representative and negotiator of the other party had either lacked authority or had changed his mind, and the negotiation ended without agreement. We now continue to assert our claim to over 50% of the total $20m principal paid or to be paid, plus damages.
If you mean the comments about VUP, he is broadly correct though I don't think we will get all that.
Theoretically, we should get 50.1% of $20m plus the damages and costs.
After that it is Glencore time.
DYOR
Blueboy,
I don't squeal except perhaps when City win the treble or put four past Madrid.
Precisely what is it you would like me to squeal about?
Https://twitter.com/StockBoxMedia/status/1671544603495768067?t=zcRwU0AtTZGz3nrJgrwkrA&s=19
DYOR
Helpful, can you please run squealing to Bell please (like before) as Masqood is telling blatant porkies on here.
Wouldn’t want anyone to accuse you of double standards, cheers.
H5O,
the gig is 50.1% of $15m held at Gecamine.
After that we need to have a chat with Glencore.
DYOR
H5O
Told him.
He needs to go back to formal interviews: suit, tie, wash, clean underwear etc...
I think the issue is bandwidth.
Hawaiifive, it said in old rns that amount of money for our share is usd20mil which is held by buyer!!
We will be agreed for 50% of that and compensation for damages too!!
That could come to 12mil usd, and that amount will be released once either we come to agreement with other party or arbitrator decides it.
This info from last year and recently some bigger advances made.
I believe news can come any time and if agreement made with other larty we will be receiving 12mil usd,comes to nearly £10mil!!
Money held in Escrow;Now where have I heard that before!
Whilst the information and interviews are very upbeat and encouraging it is way past time Bell does something about his terrible audio, I suspect he is using a computer from the dark ages.
Helpful I have talked about this before, for goodness sake speak to Bell about this, these interviews cost money and we need to hear clearly what he is saying. On the other BB someone said they had to use subtitles to get the gist of a previous interview because the sound quality was so poor.
It does look like, from what I can hear, there has been significant movements in the Congo regarding RRR's cash, it could be $7.5m/$10m or the full $12.5m Red Rock are rightfully owed - news on this can come at anytime, at least $10m of this cash is held in a escrow account of a State company and they have confirmed they will pay once all the paperwork is completed.
I agree passiton :-))
He is due to hit the big league again and we are due some good fortune !!
You said it a while back that sooner or later we are gonna share good fortune on one of these shares, lets hope it's here at 50p per share lol
1.5p would be good enough for me a bonus if beyond that :-))
GL mate
Very Good as indicated multiple sites in Zimbabwe, all about to be brought into production.
Missed out on the 22% drop yesterday too, what a clip you are masqood, you've clearly jumped in here on the back of last weeks big rise and haven’t got a clue about any assets etc apart from what you’ve picked up off helpful’s post.
Was already a lth , in both RRR and sister company RGM (Bell lost that one) when
they went floor to 12p/14p (yes whole pence) back in 2010?, so he's long overdue
another winner, after years of rainbow chasing , lack of due dil flops.........
Even Georgie Porkies Roach over at PREM managed another boomer, after over a
decade of failures , so have high hopes AB will likewise , hit the big time once more
GLA.......
📰👀💥💥💥💥💥💥💰💰💰💰💰💰💰💰💰💰
Never miss out on an AB Event, been playing him and his antics
for around 15 years......
Loaded up again at 0.14 sold half at 0.21 and loaded up again Monday
do not trade most shares (lth 5-10 years or more in some before mega boom
others much quicker😂)
But AB's incompetent predictability , has been a constant cash cow source
trade it and GCM (many a floor to 20/40/60/80p spikes) for many years...😉
And pray tell were was all that , a few years ago , when good old Bell end
reported Greenland Iron Ore assets sold for big millions to a Russian group
time and tumbleweeds rolled, then the run on the banks in Cyprus occurred
and would you Adam and Eve it, king of the dog ate my homework excuses
AB reports , the Russians funds are trapped in a Cypriot Bank 😂🤣😂
The deal like the money disappearing into the ether, never to be heard of again
or was it...........
Same Greenland asset years later, picked up by another dubious AIM Ceo , for a
staggering £1 and the assumption of some debt............
Even more curious was the sale listed was not from rrr , so when was it palmed
off on the Q.T.🤔
All these negative muppets miss out on this rise!!!! Hahahahaha
0.21 paid there
Nice that will bring more attention!!!
0.30 last week………..maybe end of this week again??
Https://twitter.com/StockBoxMedia/status/1671535261564502017/photo/1
Todays TR1 same as the others FEL
3. Details of person subject to the notification obligation
Name
First Equity Limited