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Weds during the day RNS is my bet for the update.
We know the news is coming. 0.1p today doable as it's gone there many times.
I think this is worth a punt at current levels. News this week.....
So is CPX worht a punt but it's all about timing - will RRR actually RNS any DRC news? Is AB here or there?
It's coming home
Well something is certainly coming gone BLUE''
GLA
Gees relax its only 5mill trade ffs
Leak?
Try tena ladies.
TDT
Lol if there was a leak there would be a lot more than 16 trades and the spread wouldn't be 14%
The DRC update must be big for it not to be out yet. Can't wait :D
Still no idea on the DRC, Bell has not posted on X for nearly 24 hours, does not mean much I know but he has kept very tight lipped since that initial post and photo about going to meetings.
I noticed the RRR DRC rep, namely Barry, posted on X for the 1st time in ages a day ago, probably not relevant but there we are, this matter keeps rumbling on. As I posted previously it is clearly evident the former JV partner wants RRR to give up so they can then bag all the cash themselves, it is not going to happen.
No doubt some form of news will come soon enough.
H5O. The earlier position was that VUP wanted it all and was prepared to pay various parties to secure it all for themselves. That is now no longer the case but the various parties have been trying to find a way to still get paid/steal some of the money because VUP won't pay them.
Both RRR and VUP now just want it done; that has been the case for a while but the 'various parties,' have continued to delay things in the hope of being able to steal some of the $15m. As always things, time out.
DYOR
Does anyone know if those two early 10m trades were sells? Just interested to know.
Likely someone getting out at a loss before the next placing
Must be huge indeed PD1'' and as always the Dirty BSTRD will beat on small SP such as ours especially when game changing news is expected to catch a few sells...
but we are not bothered, with 48m buys to 9m sells ATM, so they will have to lift the price back up at some point one would have thought
regards
Well someone did say WED, he could be right, as the volume on the buy side does not seems to be stopping
GL
Maidit What's going on? Last week you said Friday (last week). Now its Wednesday?
You continue to set up the market for disappointment. Are you a short seller?
IMO they are so short right now that they would just about squeeze under the bottom of the door, got to be NT to buy any at the moment surly ?
anyway we will see if CD1'' got it right tomorrow...
Re RRR short sellers
This is from the exchange
"There are currently no open short positions in Red Rock Resources."
Folks really are clueless over market matters, how often do you see post on bulletin boards from individuals saying this or that stock has no short position because this or that website says so. Its rubbish !
Lets make it clear, the short positions are held 'inside' by market entities, namely brokers/market makers, they never declare, in some cases they can legally be short in other cases they ignore the 'rules' and play fast and lose.
So Red Rock is valued at a few £ million, yet PREM who are in default of a $30m prepayment and have not sold a molecule of Lithium, could also lose their Zulu project as a result sit at a £80m m/cap - go figure, is the market bent, you bet it is.
Agreed Folks are really clueless. It seems like every depressed stock blames 'short sellers' who are breaking the law or playing fast and loose with the reporting rules.
Personally I dont believe any thing about 'unreported short positions'. If true it is a big black eye on this exchange and it should discourage anyone from investing in any shares on this exchange. Shame on the UK for permitting this type of lawlessness
I still believe the DRC cash will happen and still own RRR shares