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It was probably the president of the champagne club where Bell was quaffing the finest bubbly at shareholders expense for 6 weeks.
Wriggly people eh? None more than our glorious leader and his spickel litte Helful. Nevermind, I'm sure we will be hearing that it was always about the gold and that will be getting shoved down our throats till the next fund raise, I'm guessing DEC.
Specinvestor - yes me to.
Presumably the process was run by the Congolese Courts or Government - but not sure the Presidancy would be involved.
Helpful may be able to clarify ?
I found it interesting that AB stated that the arbitration hearings were conducted by the Presidency. I have no experience in the Congo but I would think that would be unusual.
I am as impatient as every RRR shareholder but imminent does not mean SOON. It means "likely to occur at any moment"
The hearings have been held and RRR awaits the arbitrator decision. It could be today or months from now. The exact timing is unknown. Of course AB is positive and believes/hopes it will be soon. IMO AB is his own worst enemy in setting expectations.
These are high stakes negotiations with the other side clearly pushing for their own interest. A discount was proposed, presumably accepted, but the other party decided to go for a bigger discount. Perhaps not handled in best manner but such tactics (although frowned upon) are unfortunately not uncommon.
"I imagine........" so I don't know anything but let me make something up.
AB is a grade one pl**ker still making rookie mistakes. There was no way there would be a settlement without almost giving RRR position away not far short of free. Plus arbitration with already difficult parties is always protracted. I imagine the other side thought that RRR was on the ropes financially and attempted to take advantage but failed, so on this count, at least AB did not roll over and we live to fight another day or at least another six months before AB puts his hand out again. The one thing I will give AB credit for is that he is a good serial story teller and just maybe there will be a happy ending as was the case with Jupiter.
https://twitter.com/RRR_RedRock/status/1555467919907241985?t=CDGRGp4D8XAaDkctmcD4MA&s=19
He didn't need to put something out, sometimes it is better to say nothing at all prior to big news and momentum has been built up pending the outcome. Was a poor RNS and feeds to peoples opinion of Andrew which then kills the momentum.....but that said it does give an opportunity and I've bought and will continue to do so into selling.
The company is now funded for 6 months (maybe) and the result will come reading between all the lines
GL
What a clown. Successful trip and imminent arbitration ruling turns into this pathetic update. The company cheerleader keeps mentioning wriggly people - I guess he must be referring to AB. He didn't even know who he was negotiating with, doesn't know if he has the authority or changed his mind! How has this man kept his job for 17 years?
Well at least now everyone on this BB can see that AB has zero credibility if they didn't know already, same goes for his little lackey "Helpful".
"it cannot be assumed that an award will be made" - don't worry Andrew, anyone with half a brain wouldn't make that assumption.
Why is it you always live up to my expectations?
"Keystone cops stuff"
Not really. The Keystone cops are funny, this is not funny, it's tragic.
"Helpful on the phone to Andrew Bell giving him another earful"
I doubt that. I think he'll be asking AB to lube up properly next time. It can't be pleasant have AB's hand up your arze working you like a glove puppet all the time.
TDT
Kurt - the fact Helpful is even posting given his closeness to AB is seriously worrying. Please reccomend this post if you wish to reccomend Helpful moves on from the bulletin board.
As I said wriggly people.
He had to put something out.
DYOR
Helpful on the phone to Andrew Bell giving him another earful
Bad update, I remember owning shares and glad I sold nothing positive to show and AB is the reason
Another false dawn.
The fact RRR were negotiating with individualss purporting to be the other party but having no authority is priceless. First even for an AIM listed company to my knowldge. Keystone cops stuff:)
The truth finally comes out.. It's not imminent after all and he never got everything he was after in negotiations. Not the first time he has misled Investors in proactive interviews.. Shambles
It is very clear AB is a natural born bull Shi&ter.
Helped by Helpful to spread his voice of BS
In over 11 years AB has delivered F all. And now he depends on the Africans in Congo who will sell their their parents for a quick buck. I have lived in the Congo. AB will get f all
How wonderful You always make money and are generous to others
I wish I did have a perfect trading record but I tend to leave more on the table than I should.
You simply misunderstood again, I was referring to the sleaze and connections you have with certain individuals.
Everyone already knows you have a perfect trading record in everything you touch.
Oh Kimi and you I suppose invested into RRR because you thought it was RTZ? I suspect that I smell the whiff of hypocrisy emanating from your keyboard.
Where the upside is, is on these smaller companies. Sometimes you have to wait and sometimes it doesn't work out.
I have made decent money on each of the ones you have mentioned.
Nothing wrong with Genflow. I am out at a decent profit but at some point it will become a takeover takeover target.
Do you want me to list the other ones where I have made really good money in the last few years so you can troll those companies too?
DYOR
Specie
Steelmin was going to be a great little asset. The deal he did was RRR made a loan, got a minimum of 16% of the equity and its money repaid. I think it had accrued to 22% and RRR got its money back. Unfortunately, AB made a decision to reinvest and he shouldn't have. Unlike most of you on here, I have told him to his face that reinvesting was a mistake, quite forcefully. That cost RRR about £1.6mil and similar with Amulet: again, I told him that investment was complete stupidity.
To be fair to him, he explained that the energy costs went against Steelmin (not the only issue) and the diamond price collapsed. Nonetheless both decisions were mistakes.
DYOR