We would love to hear your thoughts about our site and services, please take our survey 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.
https://twitter.com/nbgoldcorp/status/1582697642127081472?s=20&t=jYpRz6ALvpPQZCHp0QA4_Q
Check out the ECR Creswick RNS. We have land that abuts it.
Huge spread on the L2. Two MMs sitting on both the offer and the bid. I don't think I have ever seen that before. Looks like some of them don't want to make a market.
Has this now woken up? Trades at full offer price now
It looks like the share price is on the move to the upside, very few shares on offer at the advertised price, one wonders what exactly is going on, as mentioned previously the shares recently hit .65p on speculation concerning the Congo cash.
Currently both Congo and Elephant Oil are back in play once again, the shares can be bought cheaply right now, but for how much longer ?
updates are difficult when the arbitration process itself is not followed (meaning a decision was made but the other side was complaining about it and wanted it changed) IMO the people who received the $$$$ are politically well connected and dont want to up the future cash held by the 3rd party Thus the timing is uncertain AB has already been burned on several occasions thinking the $ would soon be coming. Now I suspect he is pushing and waiting for it to arrived -and crossing his fingers that it be relatively soon so he does not look like a complete fool
By the sheer number of Tweets Bell has put out over recent days one would suggest he is tucked up in a hotel room somewhere in the Congo awaiting meetings, he has been exceptionally quiet this time around concerning Red Rock affairs in country.
Something needs to give, 2 visits in country pursuing $7.5m to $9.5m cash that is rightfully owed to the company.
Clarification needs to be clear post his visit re an update on the situation.
AB very quiet. I thought we might have heard something by now.
inflation,,,,mmm. gold.....mmm. cheap money payback. in what form will the payback to debt come?
https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606
tricky -where are you getting your number of 300K? The audited financial statements say 144k -see footnote 9
I'd be tenacious if I were pocketing £300k a year plus juicy personal pension contributions. The mind boggles at just how much this man has trousered over the years.
TDT
I added a couple of times recently below £0.004p and am very slightly down on holding. You have to give it to AB for two things; his ability to spin a story and his tenacity.
RRR has a portfolio of little potential gems; Elephant, Australia, Congo, Kenya, El Limon royalties, Mount Ida royalties and after all this time and all the shareholders money, his and his sidekicks salary, statistically one or two of these should come up trumps and inject a spring in the sp.
RRR is in my bottom draw - one day......
It does look like the Elephant Oil IPO is going to proceed, light is at the end of the tunnel, the location is red hot for both oil production and major discoveries, this is good news for Red Rock, there is no premium in the share price currently to reflect the likely uplift in book value of circa £140k to a possible £1.25m to even £2m on the EO stake.
In respect of the Congo and Bell's latest trip, this time he is staying quiet on social media, no photos or hints on Twitter like before, maybe just maybe something may come out of the trip, they are pursuing between $7.5m to $9m, USD strength - a payment would be very beneficial right now.
The share price rode its way to .65p on speculation of a positive outcome of the Congo cash recently, we are now in a scenario where Congo and Elephant Oil are very much back on the radar, yet the share price sits around .38p.
Historically, for traders, buying below .40p has proved profitable, not a bad time to get in or add IMO.
IMO this is a story that is 8+ months old and will not generate buying until some funds actually received
I might have thought that with the promise of the imminent Congo money and any future Glencore litigation plus all our other projects that there might have been good demand for RRR shares at this low level.
Elephant Oil is listing with or without AB and that’s the value of RRR’s shares at IPO this month.
Let's just wait and see if AB can achieve something positive.
Elephant Oil listing this month:
397,873 x $4.15 = $US 1,651,172.95
397,873 x $5.15 = $US 2,049,045.95
Hoping to rise on IPO and over the next 6 months - Red Rock is valued at £4-5m m/c and Andrew is in the DRC now getting the signature for $7.5m (hopefully)
Squeeze!
initial pricing at $4.15 and $5.15 per Unit
see https://www.sec.gov/Archives/edgar/data/1865833/000121390022063638/ea166146-fwp_elephantoil.htm
raising $10 million firm comittment with expected closing of October 2022
only $5 million needed in drilling committments
how do you know that Bell is currently in Kinshasa?
Looks primed to move higher now with MrBell in Kinshasa!
You don’t go there for a holiday…is he getting the signature he alluded too in the StockBox interview last week?!
It's not a normal CLOB for Setsqx stocks, L2 is useless. Much better pinging the RSP for liquidity.
Anyone with sight on L2 - how much stock is available under 0.4/45?