Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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AB is also boring at writing RNSes. So boring at interviews + boring at writing RNSes. So on the promotional front what hope is there?
I always remember Red Rocks 2019 final results RNS. Start reading it and if anyone isn't bored stiff after a few paragraphs then i'd be amazed:
https://www.lse.co.uk/rns/RRR/final-results-37mjmbcq2w19q5b.html
No I wasn't mistaken you were definitely trying to MISLEAD with your 11.58 post. This is how you interpreted that report in your 11.58 post:
"So they are reckoning that RRAL is worth between £7mil and £25mil. So they reckon RRAL is worth between £3.5mil and £12.5mil to RRR"
...
You full well KNOW if RRAL were a listed company on the TSX and had a £25 million market cap, then by that stage Red Rock Resources would not be holding 50% in RRAL's shares. So you were MISLEADING by saying if RRAL did have a £25 million market cap then that would be worth £12.5 million to Red Rock Resources.
In just this past week you have also said:
"FYI a bit of fluff for you. I think that there is speculation in Oz that JMS is going to receive a bid pretty soon. Now that would be interesting for RRR"
"RRAL is on with its IPO probably early June"
Yes yes you are desperately trying to pump RRR so you'll say anything to promote RRR. You even have the audacity to outlandishly try to convince posters that AB is doing well at Red Rock. To most he is doing awful. He is rubbish at promoting the company. Yes AB got the licenses renewed in Kenya but he attracted no new partner and since licenses were renewed it has turned into a financial burden for Red Rock with $2.5 million already paid to former partner Kansai + Kansai have an additional $1 million promissory note that can be cashed in February 2022. So because AB attracted no new Kenyan partner that means Red Rock will now have the burden of paying 100% of exploration costs. So does AB really deserve praise on Kenya? In my opinion no he doesn't.
Also Red Rock own POW shares. Yes they are in big profit. The problem is AB is also POW chairman and so he is unlikely to ever bank profits for Red Rock by selling POW shares. So Bell clearly has a massive conflict of interest. So no praise for Bell on that front either.
You know you have an awful CEO/Chairman when most PIs dread him promoting the company with his tedious interviews. When I watch AB do interviews, yes RRR have assets, but during the tedious interview AB sucks the life out of those assets, after the interview you feel deflated with little hope remaining. In my opinion he is absolutely atrocious!
Ah Zumore the man who is blocked but still shows up on my feed and has now appeared as blocked again...
Misleading...
What you expect is not a fact: it is an expectation. Same here, what I expect is not a fact. However, when commenting on the report and directly taking the report's as part of that comment, it is a fact. They are stating that that they expect each of the IPO candidates to have a valuation of between £7mil and £25mil. It is a fact that that is stated in the report. Their expectation may or may not be proved accurate by subsequent events but it is fact, that they state what their expectation are.
No misleading there except by you.
Next why such a wide variation in valuation? Well to account for uncertainty. Included in that uncertainty would be things likes pre-IPO funding.
Now if you had asked me a few months back, I would have said that a pre-IPO funding round for RRAL was nailed on: now I am less sure. Both POW and RRR have the cash to fund the IPO so why take a pre-IPO round? Well now, I would suggest that they would only take the money from someone would help in the IPO and after-market. So unless it is from someone high profile that would be good for the IPO, I don't think they will take pre-IPO money.
Only my view but there we are. As to whether you agree with my view or not, I am not interested.
DYOR
Your numbers are quite misleading because If RRAL were listed on the TSX and their market cap was either £7 million or £25 million, you wouldn't say 50% to Red Rock so that's worth either £3.5 million or £12.5 million to Red Rock.
Clearly once listed there would be many other shareholders plus many millions of funds would have been raised leading up to any listing. So how many shares Red Rock would own in RRAL by that stage none of us yet know.
"Each company at the pre-major discovery and resource statement stage could, we
believe, command a market capitalisation of between £7m and £25m given current
resource market conditions, depending upon what recognised stock exchange it is
listed. "
So they are reckoning that RRAL is worth between £7mil and £25mil. So they reckon RRAL is worth between £3.5mil and £12.5mil to RRR. If POW gets to their target price, then RRR's holding is worth circa £2.5mil. So £6mil to £15mil.
RRAL is due some exploration results in Victoria soon and POW thinks Molopo Farms is a big deal with more results due soon.
DYOR
https://twitter.com/StirlingBridgeR/status/1384807374851121154?s=20
Updated research. A section on RRAL.
DYOR