Magic, i received a sh*rephrofits email today and he was advertising his hotrockets tipping site and telling us about some of his winners lately. Apparantly RRR was his hotrocket November tip. In todays email he said:
"Was Sula a fluke? Well we do not get every share tip right. The November share tip of the month was Red Rock Resources (LSE:RRR) at a 0.5p offer. We advised banking gains on it at a 0.85p bid this week so that is a two month gain of 70%. Not bad eh?" ........
So Tom now advises his hotrocket clients to sell their RRR shares. So i'm sure many of his hotrocket clients have been doing that.
I still can't help thinking why on earth AB should release the arbitration rns the same morning as the Jupiter buyback rns. Because AB is the person who decides when to go for arbitration then he could've quite easily put off the arbitration decision for a few weeks and let all the attention focus on the buyback rns. So like i said the other day i conclude that the arbitration rns was released to kill any price rise in RRR. I've heard companies will do this because it is much easier to raise funds when the share price isn't so overinflated. So if these HNWI (or the known twitter rampers) only want to pay 0.5-0.6p a placing share then in no way would Bell want the share price to rise too high because obviously if price had somehow risen to near a penny then if a placing was soon announced at 0.55p, then shareholders would obviously think Bell scr*wed them over by agreeing to such a big discounted placing.
So i've come to the conclusion he's actually on his trotters at the moment arranging a placing because now that the share price isn't so high it will now be easier for him to raise money at a placing price nearer to the share price.
Of course it's only my opinion. We'll soon see! But if true it does show how ruthless these chairman are because they care little about the share price rising for shareholders and care more about making their life easier at raising more funds.
Totally agree. If you believe in MM trade signals then there was the "17" trade a week last Monday and then the 10,000 trade yesterday. Plenty of posters on other boards believe a 10,000 trade means an RNS has been logged which then tends to appear 2-3 days later. It will be interesting to see what happens. The sudden drop off in trades today is fairly ominous imo.
If it's a placing then my personal guess (pure speculation) is it will be at circa 0.50p. It will then be highly entertaining listening to the rampsters trying to play it down and put a polish on it. Bottom line for me:
If it's a discounted placing then all the Jupiter fluff and bluster is just that, hot air. If AB can't get institutional investors willing to pay fair price at this point with the Tshipi situation then imo we've been sold a pup.
Ok will try and remember.so we can write off the price prediction with no dilution as that is never gonna happen.I actually think 1.63 in 2 years is possible depending on jms and dilution here .when you started posting here you wernt talking about a two year time scale.that is hardly a re rate ,surely that is organic growth.you do seem to be backtracking a lot and downgrading .I never say anything is impossible or anything is a dead cert because rarely is this the case,however rrr has a long established mo and it will take more than 530 k to convince people that have been burnt of a material change.only time and results will do that.as you point out none of the other rrr projects are worth anything much ,yet rrr have raised a very large amount of cash to assemble this empire of dirt.Including selling over 50 million of those lovely jms shares for a pittance.
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