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The proposed listing of NBGC shows. once again, the inconsistency of AB comments, initially listing was to be in Canada, it was then changed to London on AIM. this time last year AB conducted a number of interviews, in one interview he was asked when the AIM IPO would happen, he said he was very confident it would be in Q4 2021 as the advisors were working hard etc, it never happened.
For added confusion a potential listing in Australia instead of Canada/London has been added to the mix.
The current situation is better described by Power Metals, in recent interviews Paul Johnson said he was frustrated that the IPO had not happened suggesting it should have, listening carefully he indirectly implies that work on the IPO had slowed, that was aimed at Red Rock in my view, their current 'Business Update' RNS (late July) makes no reference of IPO timing at all.
The only comment from AB in recent times has been he needed to go to Australia to move things forward, make of it what you will, my view is we will be seeing 2022 out with no IPO - prove me wrong AB.
Then of course there is Elephant Oil, not in AB's control but once again delays, delays, delays.
In respect of the Congo monetary claims and the arbitration outcome, we still do not know if an award is positive to RRR can it be challenged and if not are the counter parties prepared to abide by it's outcome, i.e. pay the money.
I see his chum Tom Winnifrith has once again placed AB in the last change saloon but has tipped Red Rock via a paywall newsletter which I have read, last week. It points to all the above suggesting even if one happens the SP will benefit significantly.
My guess- IPO done in Australia
Soon Rodney, soon.
Helpfull can you expand all it has is a 27th July interview, a nice dog, something about la liga and a pint for 0.95 euros. What's moving ?
Yep the company stooge told me - "I suspect that by the end of the week you will be shut once and for all". That was on 29th July. Still waiting but not sure why I'd be shut once and for all. Nothing is to be believed until cash is in the bank.
It's just a typical comment from that poisonous mouthpiece.
https://twitter.com/StockBoxMedia/status/1558027145556934658?t=SHj-luIBhGQmpeDN-nrwow&s=19
Starting to get some movement?
DYOR
Being strung along by Bell on the Greenland sale that never happened was particulary devastating on some RRR shareholders.
I recall in 2013 buying in RRR at 1.30p for the Greenland asset sale. There has since been a 25-1 share consolidation. So that price today would be under 0.02p or over 65 times smaller.
Luckily i escaped with not too big losses but this recent incessant DRC ramping does somewhat reminds me of the Greenland ramp. Bell in one his proactive interviews was saying he was in the DRC to collect the $4.5 million from VUP and Gecamines had $15 million so he was going to get around the table with them and they would be divvying that out. You also had AB's b****boy 'Helpful' on this thread constantly saying "soon Rodney soon" and telling us that AB could't have been more clearer in his interviews.
So after 6 weeks what did AB return from the DRC with? Just a new suit and a new pair of shoes.
The £6,300 I invested is currently worth £120
Shares outstanding have increased by 37.3% on avg per year for 17 years. Phenomenal dilution all by one man and he's still at the stage of blindly throwing darts in the hope of hitting a bullseye. Unfortunately he hasn't even reached the board yet.
H5O - really interesting.
There used to be a poster called Me Magic who had a list going back to the begining on fund raises.
My guess is we blown £50m of fund raise and £10m of Jupiter shares total £60m and are today a £6m company.
I've made up the £10m and £50m anybody have a more precise number.
Company probably at the bottom of its valuation and could be some money to made but only if you sell into the rise as dilution inevitably happens. That's the paradox all SHs have that perception so traction is difficult.
Still think a new leader would invigorate us but that's not going to happen as this is a CEO lifestyle company.
Interesting but is it really surprising?
take a look at this https://www.ft.com/content/ea2bd724-140c-11e5-abda-00144feabdc0
The article is title : "Aim — 20 years of a few winners and many losers"
Selected quotes from article.
"Over the past 20 years, investors would have lost money in 72 per cent of all the companies ever to have listed on Aim, according to the professors, who were part of the team who designed the FTSE 100 index.
Analysing data on the 2,877 companies which have listed on Aim, they calculate that in more than 30 per cent of cases, shareholders lost at least 95 per cent of their investment. "
...
******
article from Financial Times
Looking forward to seeing what the resident fool has to say about this.
On the topic of Andrew Bell it is very interesting to note, through both bull and bear markets over 17 years, Bell has only managed to get the market value of Red Rock Resources above £10m in 3 of those years, namely in 2011, 2012 & 2013, in 9 of the 17 years the market value never exceeded £5m, that is woeful at best.
So despite all the must have projects, fantastic potential, rampantly bullish podcasts over 17 years the market cap has only exceeded £10m 3 times, funding has had to be secured at low levels meaning excessive dilution as a consequence.
Helpful & Co try to portray Bell as some form of messiah of shareholder wealth but the facts are very very different, folks tend to relate to share prices but regularly ignore historic data, the historic performance of Red Rock under Bell is simply atrocious FACT.
Over the same 17 years Bell has taken circa £1.5m to £2m in salary and bonuses.
The above statistics are very worthy of consideration, the current value of RRR is £6.25m, as his chum Tom Winnifrith often says there are no shareholder yachts here.
Will 2022 deliver the forth £10m+ m/cap ??
Helpful I do not believe that I have lied in 40 odd years to anyone.
ok spec it was just that he led me to believe he was helping in a bad situation. I certainly would not expect it from a worker but from a senior manager yes because he probably could afford to do so.
It is drivel because it is either a lie or you are misinformed or you have difficulty reading.
Let me repeat for you again.
He did not reduce his position/sell stock. He sold some some stock personally and then bought more stock in his pension fund. Overall, overall as a result of the transactions, his net trades as declared in the RNS is that he increased his position. Full stop, no other interpretation, no other qualification: he increased his position. If you think you evidence that he has made a false declaration, I suggest you take it up elsewhere.
It is quite common for people to move stock out of their personal name and into their ISA or their pension fund where they can. It doesn't mean that they have sold stock except that they have to sell stock to facilitate the movement of the stock from the personal holding to the ISA or pension.
HMRC used to allow people to transfer in specie to the pension fund but this was stopped post the SIPPChoice case. Anyone who wants to move stock to their ISA or their pension fund now has to sell in the market and buy back.
https://www.addleshawgoddard.com/en/insights/insights-briefings/2020/pensions/sippchoice-case-transfer-of-shares-not-contributions-for-tax-relief-purposes/#:~:text=In%20a%20case%20which%20has,being%20entitled%20to%20tax%20relief.
DYOR
lol sorry but when I read this , it was just laughable. you are complaining that AB only temporarily reduced paycheck (to help out RRR)? Most people would NEVER cut salary without something in return.
Do NOT expect any worker, management or otherwise, to reduce salary to help out their employer. everyone is entitled to look after their person self financial interest. Otherwise they would be donating their time to charity
Helpful it may be drivel to you but I have unfortunately been here since the Greenland debacle and I hoped this man would deliver. Down 95% but remember when he said to me he had taken a pay cut to preserve cashflow. Then the next year he reclaimed all his salary that he said he had cut as per the accounts. Check it out.
Robins, I don't care what you think. Your response is typical. Come out with some drivel that is wrong (that he sold shares/reduced his position), get put straight and then respond changing the subject.
He didn't reduce his position, he increased it. Why not stick to the truth instead of making stuff up?
DYOR
https://twitter.com/RRR_RedRock/status/1557311152090144769?s=20&t=ZvMldbCpJ-e-sDCJRw5jlA
Helpful this man never delivers. He is always positive in his videos as one would expect but nothing ever comes to fruition. I used to think he was just unlucky but incompetence over the years springs to mind. I know you are not aware of sensitive info but the share price is dire as always.
It is not my fault if you can't read.
1. He is not my boss
2. He sold some shares in his name and then bought more shares in his pension fund. Net he increased his position rather than reduced his position.
3. He has just traded which means that he is not in possession of market sensitive information otherwise he could not trade. The RNS the other day is what is called a "cleansing RNS": it was issued to enable him to trade. If he doesn't have market sensitive information, what makes you think that I would have it? AB has better information than anyone but he increased his position: why do you think that might be?
4. Re the Reuters link, switch your brain on and think about it why it might be relevant to RRR operating in the DRC.
DYOR
Helpful you post these environment things. Why not post on here when we are going to get paid? Your boss sold shares recently. That was a surprise but it wasn't really as we know what he does. Share price reflects what people expect from AB.