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Specinvestor what do you think of what Bell said when he was interviewed in the 23 August Stockbox interview?
"The arbitration hearings have been completed. We have indicated to us what the decision is...we have not seen it in writing; and of course those that lost ..have been busy trying to offer inducements to change things..but i don't think that is going to work. I think we'll be able to say things quite shortly"
....
On reflection i don't think he should have said the above because Arbitration, Gecamines and VUP could all take a dim view on what Bell said. I think most people would think Bell is suggesting attempts of bribery are taking place. If VUPs legal team had seen what Bell said i'm sure they could use it against Red Rock.
the last update was Friday Aug 5th almost 2 months ago
"The arbitral award, when and if made, and we hope it may be soon, will not now reflect a consensus arising from the negotiation of the parties, but the decision of the arbitrators. As we await it, we must consider a range of possible outcomes, and uncertainties of timing, but continue to press for a just solution which includes a resolution of the earlier court proceedings."
Longterm many thanks for your thoughts. You do not need to list all AB's failed promises as I can remember them all. I just thought one project might come good and it looks like it could have been in the DRC. I suggested to AB he should consider a reduction in his salary many years ago to preserve cash but he declined. Cheers.
My honest opinion is that considering 5 months has passed and barely a peep, that it has faded into irrelevance already, hence why I sold 15m shares. I would rather buy back higher even when fundamentals are better but all this ‘soon Rodney soon’ rubbish is an embarrassment. I could go and list all the total nonsense sprouted here over the last few years but surely the buck stops now of this cool
Aid being passed around. Note holders clip a coupon every day it drags so don’t mind that, all these behind the scenes apparent HNWI, all comes from the the same pot, without any TR1. After seeing this price action, can any holder here (myself included with the few million shares I’ve kept) really turn around and say that if this SP hypothetically sprung up to 0.70 tomorrow you wouldn’t all sell? I’m sure most would - and that’s the sign of a company and management that is not to be believed. I kept questioning particularly in 2020 where the £1m that was raised went. Nothing seen from that at all. There have been many raises since then, where has it gone. The ‘we are an exploration company, it takes time excuse’ doesn’t rub off anymore. A full audit of these apparent projects and a reset is all that would do any benefit alongside a change of management. Either bell has toiled for 15 years and is onto a jackpot (let the sentiment and SP tell you if that’s believed), or in fact failure can’t be rewarded anymore, audit the projects, find out what’s true and real and either can it to one side and move on, or start a fresh. Don’t forget, these HNWI and note holders need YOU - each shareholder to buy and support some residual market cap value to keep justifying paying back high coupons and issuing these shares to pay for projects that never come to life.
Over 2 years ago we were told RRAL was about to list. Comical really where this is at. And apparently the whole time ‘only bell could achieve this’. Show me a company where the CEO refused to take a pay cut during Covid? I sure didn’t pay myself and made sure my company did ok during it. I told bell to do it, he didn’t and just tapped markets again and again. Irony is, a robot could have done a better job, by doing literally nothing the last 5 years, zero expenses and could have been sat on £20m of stock in the likes of Jupiter. The muggy paws have cost AND lost money. Note holders won’t change it because it’s all the same cool aid how structured.
https://twitter.com/jamieflegg/status/1575854769121685504?s=20&t=nNgAFm_Qy3yn-sAZ0Un7MQ
Longterm you thought in April that DRC would slowly fade into irrelevance. Has your view changed at all since then and do you believe we will ever get any money into our bank account from the arbitration process? I cannot understand what is taking so long since the $15M is just waiting to be allocated to the lawful parties so we are led to believe.
Specinvestor - you are confused and talking about 2 different people it seems. Check my posts if you will, but I’ve never used those words. Perhaps you are mixing up 2 different people in the same ‘reply conversation’ - perhaps just be aware who you’re talking to in regards to which reply, because the ‘balanced and polite’ was referring to my post, but I believe your references are referring to someone else replying to it. All in the details
Banbury IMO the share price will only have a positive outlook only with a significant liquidity event (IPO in Australia or USA) or Congo, perhaps in the next 1-6 months. Longer term would be iron ore.
RRR fund raising of $1 million. Look at the RNS and financial statements and you will discover that $1 was paid to Kansai for the Mid Migori Project in Kenya. I am not exactly sure if the timing lines up but that might fill in some gaps.
The bottom line is AB/RRR in the past 3-5 years have line up multiple projects in different countries without obtaining partners or liquidity events which have proven to be very negative for share price. That diverse property portfolio has a very high cost structure both in terms of overhead and just minimum work obligations
IMO the share price only has a chance if that changes.
Banbury -" balanced and polite"? Are you referencing the post where he stated "old codger", "lazy" and "resident fool" in response to my request to him asking for proof (ie reference) for where he obtained his facts.
IMO that is neither balanced nor polite
Blueboy to give clarity to that and my rational.
When I initially bought 4.55% of this company it was at a level (0.17-0.22) that meant the equity holdings in the likes of Jupiter more than underpinned this share price. There was also (only) 600m shares in issue then, which is why I was confident. I have never believed anything Bell came out with (14 year track record), and I sold many of my shares between 0.80-1.10 as info became apparent like Bell Raising more and more money. I asked repetitively where £1m raised in 2020 went - no answer - poof into thin air. I then bought back again at the 0.37/0.40 level and the (mistake) there was that it was all on the huff and puff of DRC, and time value meant that selling was the right thing to do when words become fiction.
I’ve bought this share and traded it ever since 2009 actually. In 2020 there was a genuine asset backing the valuation so that’s when it made total and complete sense. Until of course those assets got sold and more money was tapped from markets. At these levels it’s a punt based on ‘talk’
But to add a little balance to long term’s posting, when he bought in here a few years ago he was ramping this dog like nobody’s business and slating anyone who questioned his apparent wisdom at finding and investing in this “gem”.
Alas, like many before him, and probably more after him (specinvestor) you will find there is no pot of gold at the end of any rainbow that Bell has anything to do with. That mischievous leprechaun has long made sure the pot is empty, but his pockets full.
DYOR as helpful would say, and plenty of it!
#RRR
?????? ???????? ?????????????????? ???????????????? ????????
Investors are encouraged to view the below research note on
@RRR_RedRock
by Clear Capital Markets. #RRRs project interests are mainly focused on gold & base metals across Africa & Australia.
buff.ly/3CmQPTI
Guessing you were home schooled then otherwise the school system hasn't served you well. Do Canadian's also expect everything to be handed to them without doing any work?
So lazy that you think anything that disagrees with your views is a lie... so sad. Believe me, don't believe me. I couldn't care less.
Spec Invester - from an objective perspective Long Term like you invested a lot here over a much earlier period.
His post yesterday was really balanced and polite.
The nub is the structure of notes and need of RRR for cash means you are unlikely to ever see 0.6p again and most likely 0.5p will be tough. Some could make money by selling into a rise but timing would have to be exquisite and I'm not even sure momentum is there to support anything other than a minimal rise.
You clearly see something here just like long term I and many others also did but the evidence suggests from the loan note structure you will walk away unfortunately down.
It is ironic that a number of the posters who complain about AB not telling the truth are the same people who also post lies on this board
LOL poor pre k hard time with both reading and math. Thank goodness there are good schools in Canada that actually teach those schools.
No proof just like to bash and disagree for the sake of disagreement
how so - what lies? Why would I ever post anything for the resident fool? The fool who is too lazy to look for himself. Sad old codger with 40 years in finance can't do the leg work and instead has to resort to calling others liars. Anyone can check if they possess a couple of brain cells. Pathetic.
prek if you had the proof you would posted it. Thats twice you got caught in lie
Where are your manners? Post your proof...please
No one likes a rude old man!
Anyway, just use the 'VWAP' function in your terminal.
Believe me, don't believe me. I couldn't care less.
In a single transaction? what day?
post your proof.
Largest you've seen in months?? The resident fool hasn't been paying much attention then... There's been 5 larger prints in the last few.
It's a non-event, 15k print in isolation means f all.
Hardly a huge buy. I’ve dumped 15 million shares here the last few weeks. Just not basic enough to do it in one go. I hold more, likely won’t sell more here but shows what a few trades does to the share price. It will happen again and again - people can now pick up some shares here, +50-100% will sell, and these ‘multi-bags’ that people hope for for the past 14 years will be a fairytale. Why? Management. I said it in my last post, and the structure of note holders. If it’s not people that can sell in the 0.60s, 0.50s and mid 0.40s like I did, re-buy at these levels and repeat the process all over again, then it’s the structure of note holders that can ensure this company never progresses. This saga of ‘waiting for DRC’, gosh I could list so many more false promises is embarrassing at this point. Granted any rise will be sold, but this isn’t a bad entry now. Just being painfully honest
That is only the 1st step. The second is to go after Glencore for 100M dollars !!