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Like I said minor dilutions don’t effect real investors , that’s why the price hasn’t changed much
😉 See if we bounce quickly..........
Correction 2nd raise 22nd vice 21st...........GLA
Forward selling, assisted by pump to dump news (for wonga's not remotely ii's in placings)
to escape with profits from the high's, dumping down, others sometimes playing both ends
to maximise capital return and hefty profits. 😲🙄
06th 1.6 Million
07th 1.45M
08th 1.30M
09th 16M
/
12th 300K
13th 46 Million
14th 1M
THEN............
/
15th 1030M / 1.03 Billion------------------Lithium update RNA message
16th 645M------------------------------------Grant of Licenses RNA
/
19th 439M------------------------------------AGM Results RNA
20th 356M------------------------------------Intra Day Raise RNA
21st Official figure pending................7am 2nd Raise RNA
22nd Let' s see what unfolds
Taken from the REAL LSE, official figures..........GLA
Same pattern to be seen on most shares, some even more blatant, out of the blue
mass volumes on no news, then around 7-10 sessions later, a morsel (2nd spike)
followed by the placing RNA Message (Come the official date of shares joining
the market , little to bugger all volume🤔)
Sorry but has revenue begun to flow this month?
Close followers of RRR always knew it was likely there would be final tranche of share issues to clear the loan sharks and have a a level of the cash security in the bank, this has now been achieved.
It is worth considering the level of prospective upside here in my earlier post, based on the lithium revenue projections made in December by the company geologist ($400k - $600k free cash a month) to RRR the target price of mid .40p still remains in place and its conservative, giving a market value of just £10m.
We now know the company is funded, debt free and significant news is expected across multiple fronts, the shares will accelerate from current levels for certain.
DYOR etc.
Sure we will test the .25s today plus
Just a small placing.
Will be gobbled by buyers quickly!!
No overhang!!!
Do not need big placing as BIG money coming in anytime from the CLAIM and also money coming in from SELL!!
Might drop a bit, but will bounce quickly!!
Hold tight……
Anyone selling might not get back cheaper.
Paying all debts off with no interest to accumulate is great for business, minor dilutions are nothing here.
The future is great here hold your tickets
I mean, jesus christ lads calm down
I was totally unaware they had done placings in April and May too blimey they are taking over from Vast as no1 dilution stock, how do these companies get away with it. I still think to myself in Vast does a mine even exist, has somebody from Aim actually checked this out or was the company set up just to launder money raised constantly on Aim, it makes you wonder with these stocks.
375 million shares issued in 2 days! Bet they will off load asap
It will never end, these stocks have been around since I first started trading. It's all about directors having a comfortable living. Why work like a slob for minimum wage or £20-30k a year, set up a company, float it on Aim, keep churning out the spin year after year and pay yourself £200k a year maybe more, keep rolling out the placings. This is not just a dig at RRR I guess 90% of the stocks on Aim do this, the key is being in them when they spike because most are shams. I remember getting hold of a ten year old FT once, looking at the Aim list and thinking where are all these stocks now unless they have all changed their names which a lot do to throw you off the scent.
Only 11 this year so far.
Pruce will prob drop to 16.5 but will bounce quickly.Small placing only to tide RRR over 200M shares only.Company valued at under £4M and remind me how much is coming in ??? As I say good news.Chance to top up possibly?
Is it bad news?..Many reckon RRR is undervalued so raising cash this way until the revenue arrives might not be a bad idea?.
Absolutely terrible here, dilution after dilution
In case this was missed... Biggest take away.. now seeking EIAs on another three lithium assets in Zimbabwe.
https://twitter.com/StockBoxMedia/status/1671540960248070146?t=8kOBZWNi6Etcs8DIEoqAEg&s=19
DYOR
Zummar,when he went last year,everything was already agreed and money was going to come,but other party and their negotiators backed off and deal didn’t happen.
Few things are not in our hands and we have to accept that.
Now arbitrators will deciding and I believe news is not far off!!
Hawaiifive,agreed,according to charts first stop looks around 0.40-0.45.
With 2.3 billion shares in issue, it looks like a near term target price of .45p based on prospective Lithium revenues from Tin Hill is likely - it would offer a market value of just over £10m.
Andrew Bell said in the Stockbox interview tonight that a full financial model of Tin Hill will be available within 2 weeks, we already have a indication however.
The interview with the company geologist in December suggested Red Rock would receive $600k FREE CASH a month from Tin Hill (I am sure Helpful will back this up) however I prefer to be ultra conservative so will go for $400k, based on just 3 times earnings it would deliver a market cap of £11.5m.
Then add to the mix the potential of $10m from the Congo, or the float of Elephant Oil.
If all falls into place a share price north of 1p cannot be ruled out, but near term .45p is base case and possibly attainable sooner than later.
At current levels, given the unexpected speed of events the shares look dirt cheap, no wonder Bell wanted the death spiral funders gone.
DYOR etc
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.