Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Soon Rodney, soon.
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.
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 ??