Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video 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.
Only takes one of these projects to be successful for the share price to take off.
They are all looking pretty good at the moment
Dan more like diarrhea me thinks.
Bell still spouting absolute sh ite I see…
Just listened to the interview. Well if you believe all he says then we are onto a mega winner. But stop right there. I am a long term holder and am 95% down. My fault I know for believing this man. He said he is not interested in playing games and just promoting and seeing the stock go up. He was asked if he has ever brought a project to fulfillment and I think he said El Limon! He concluded by saying all his drill programmes would open peoples eyes to their potential values. And he had many exciting and transformational possibilities. Remember I am 95% down listening to this man.
Bell talks about news-flow and operations
https://audioboom.com/posts/8045065-andrew-bell-of-red-rock-provides-a-general-update-and-commentary-on-commodity-prices
It doesn't work that way.
The company looking to list submits an S1 to the SEC. They have 30 days in which to reply with queries. The responses go back and they then have 10 days in which to respond. So this happens maybe 3/4 times. Once SEC signs it off then the company does the 2 say online road show, the money comes in the next 2 days and it lists, So once SEC signs it off it takes a week. But until SEC signs the S1 off no one knows. They have a likely window but until it is done, it isn't done. I would hope that it is done by the end of the this month. Originally, it was targeted for September last year, so it has taken a while.
https://sec.report/CIK/0001865833
DYOR
You would have thought the RRR share price would be booming due to its exposure to multiple commodity projects - oil, gold, copper, cobalt, iron ore etc....
While we are awaiting all this good news the share price goes down.
Do you have a date by the US authorities?
Still no Kenyan Gold RNS - 7am tomorrow maybe?
Looks like the perfect storm for the Elephant Oil listing.
Usually a CEO buying a decent amount of shares would be a sign of confidence but in this instance it would only be a sign of self presevation because he wants to get re-elected and also wants to disapply the pre-emption rights.
Red Rock listed on AIM in 2005 and Bell has been here all that time and so he's had more than enough time to build Red Rock into a successful company. So he should go but i can also see the pitfalls in his removal because some of Red Rock's operations are in difficult to operate countries like Kenya and Congo and on top of that i'm never convinced that Red Rock's assets are as good as Bell makes them out to be. So his removal could reveal the harsh reality that there isn't much here.
My hopes aren't high that he will be removed but we will soon see at the end of the month.
Zumore
I cannot see Bell being able to buy a significant number of shares on the market to sway the vote, my 'concern' is the major shareholder(s) will vote for Bell to remain, I know nothing about them but goodness knows if I had the amount of money invested here (and losing heavily) I would want Bell out ASAP, his promises come to nothing for most of the time.
I have swayed with the argument put forward by Helpful but having listened to Bell since last June I have simply had enough, he needs to go, there is a share price discount of 50%-60% because of him IMO, even Doc Holiday suggests he should step aside and allow a more dynamic executive take over.
We will see what happens, thankfully I am not in high like some here (well under 1p) but have been around AIM long enough to see change is desperately needed at Red Rock.
https://www.investorschronicle.co.uk/shares/2019/12/13/avoid-aim-s-traps/
Leading up to the AGM i wouldn't be surprised to see Bell buy some additional Red Rock shares because he will desperately want extra votes to disapply the pre-emption rights and then he will be able to bypass the large RRR shareholders when issuing new shares. Of course that would mean that HELPFUL and his large shareholder client would get their shareholding diluted and then they would no longer have any influence or pose any threat to AB.
So don't be surprised if he does buy a big amount of shares because if he can disapply the pre-emption rights and then dilute the large shareholders into oblivion then that would mean he could reign at Red Rock for many more years unchallenged which could earn him millions.
I'll be voting the same way. Even if AB somehow manages to deliver knock out results it still doesn't excuse the many years of non-delivery & poor corporate governance. Time for change.
Link to proxy form & resolutions
https://www.rrrplc.com/wp-content/uploads/2022/03/2021_RRR_AGM_Proxy_WEB.pdf
I see the AGM date has been set for 31st March (a Thursday) Bell has the time set for 9am - again he hopes no-one will attend.
It seems Bell is just itching to be able to issue more shares at will, no chance in my book, he must be stopped.
I shall be voting against the resolutions below & I hope anyone with real sense will do so as well.
2, To re-elect Andrew Bell as a Director.
3, To re-elect Alexander Borrelli as a Director.
5, To authorise the Directors to allot equity securities up to a maximum aggregate nominal
value of £20,000
6, To disapply pre-emption rights up to a maximum aggregate nominal value of £15,000
I see Stephen is still in the company formerly known as RGM. It must be a good 5 years he's been in that company now.
For those who don't know Stephen was the largest shareholder at RGM and he and others got rid of AB. Unfortunately for him he's been left with the equally useless Scott Kaintz.
https://twitter.com/spearce999/status/1500731614556528641?t=aNRKhveppNOGCTul63QIug&s=19
Turns out that RRR is actually an inverse gold tracker. Ideal for hedging that long gold exposure.
When you have long, complicated and important RNSs it sometimes take a while to get them past the NOMAD because everything has to be verified. Kenya isn't just the drill results but the implications for the forward development of the asset.
Similar with Australia.
But I agree, it does take longer than it should to get RNSs out.
DYOR
Didn't say 'tell'...
What happened to the Kenyan assays last week?
Australian gold assays this week?
AB just never delivers value for shareholders.
Not for me to tell him when to buy.