i'm sure he said (it was a pretty boring interview so i may have misheard) that RRR have recieved check payments from Shoats creek. Don't you RNS that information to say how much money has been recieved from those Shoats creek check payments? You cannot positively move a share price if you refuse to give shareholders this vital information.
If you go to "mining maven twitter" you'll see on July 31st he did a 19 minute interview with them and in the first few minutes he talks about the £1 million promissory note and the $225,000 payment. In the RRR July 1st RNS he said the $225,000 was due in July but in the July 31st interview he says it's due in August. The last tranche was in February and so maybe the last tranche is in August.
Me personally i find it totally unacceptable that shareholders are patiently waiting for an official Red Rock rns update on the El Limon payments and then i discover his idea of an update is by giving an interiew to an obscure website. He should be updating PIs the official RNS way.
You are a long termer now cgm. If my memory serves me right was it around April last year when you bought in? The price was around 0.08p back then (or 2p at todays prices).
Like people were saying to Dougal 6 months ago when he kept praising Tshipi "if you like them that much buy directly into them". I guess the same could be said with GRL, instead of having a 9% interest in GRL through RRR, then if you fancy them rising during the drill campaign then wait until most of the GRL placing has been cleared then buy directly into them.
Am still here and vested in this company. V much looking upwards and onwards just as the company seems to be making good acquisitions at the bottom of the metals market. Grl is worth a lot more than current value with gold prices as they are. As are Rrr undervalued. That is all :)
For RRR investors i would say the most interesting part of the interview is from 2 minutes 10 seconds to 3 minutes 30 seconds because Johnson pretty clearly explains the MTR business model: basically they have two divisions of the company, an "asset trading division" where they invest in natural resource companies that are listed, then they will try to make a profit and sell on, then they will use that money for their division were they invest in "metal projects".
So although Andrew Bell makes out to RRR holders that this MTR investment in RRR is some kind of long term partnership lets be in no doubt this MTR's investment in RRR is part of their "asset trading division" and at some stage they will be selling on.
That is the difference between Metal Tigers investment model and Red Rocks investment model: for example both RRR and Metal Tiger are invested in AIM listed GRL, now if GRL rise in price during this forthcoming drill campaign i'm sure MTR will with no emotion sell to lock in profit which of course will be good for MTR because the profit will lessen the need for fundraises (which of course MTR shareholders will appreciate); on the otherhand Andrew Bell has already got himself a place on the GRL board and therefore created a conflict of interest because if GRL rise in price during this forthcoming drill campaign the past tells us that he won't sell to make a profit for RRR because he selfishly won't want to lose his place on the GRL board and so while others like MTR sell and lock in profit RRR will not sell and no doubt the RRR investment in GRL will get decimated: but Bell of course will be happy because he will still have a place on he GRL board.
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