Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks NEWS'' eyes on the prize as always...
I said "NEWS" after close. Mr Bell has just TWEETED A PIC about meeting.
Volume buying never stop from 1.10pm, I'm surprise they left us down at closed TBH
Well he most certainly met some official today and must be on his way back with the cash, as i spy with my little eye's a 1 code before closed ? who knows perhaps a Friday surprise for all those that topped up on that over the top 10% drop today, and who knows it could well be the drop before news for the lucky few..
but as always we will see
-------------------DONNYBROOK, KILMORE, RRR AUSTRALIA--------
Less than 5km from SUNDAY CREEK [Great Southern Gold, ASX SGX]. I found out from an Australian mining forum that at Donnybrook, the Victorians could only get down to ---2m---. POW is the only one I found that figured out, why dont we CHECK OUR RRR/POW JV AT KILMORE and see IF, SUNDAY CREEK mineralisation EXTENDS to our licence. So, PoW, in Mar 2023 found that 1st pass historical research showed ==Donnybrook has 200 g/t GOLD VS 199 g/t gold at Sunday Creek.==
Its 1 year since the POW slick coffee book presentation and knowing PAUL JOHNSON, he will have a pretty good idea of whether they have ANOTHER SUNDAY CREEK ON RRR/POW JV or not? If it were me, I would FIND OUT. How? Cheap trenching and getting Dr Boucher in who discovered Fosterville given he was born in the area and knows it very well. He can be hired on a consultancy basis. Not like Paul, not to find out. Paul would have still been an employee at the insurance firm IF he was the job type. Those who dont push themselves will find it hard to strike it big in any way. See Twiggy, Gina Rinehart who had little but they work hard when the opportunity presents or rather CREATE the opportunity WHERE OTHERS CANT SEE IT. So Q: Who is the TRADE BUYER FOR RRR AUSTRALIA? There is every likelihood that the trade buyer did not want any JV complications but rather RRR who had the 50.1% share to restructure the shareholding to 100%. Mr Bell said so ie TRADE BUYER. Before one jumps, one has to find out WHAT ACTUALLY DOES RRR POTENTIALLY HAVE AT VICTORIA esp Berringa & Kilmore. Is SXG drooling over KILMORE in that is there a SWAN deposit in Kilmore comprising of >800km sq+. SXG needs to follow the TREND , said to be 10km and IF it extends to Kilmore, it is a DISTRICT scale 101, as norm? So, Mr Bell to spill the beans. Not editing.
Love the peddling by Helpful.
AIM no shorters end of even Lundy didn't debate that ( H5O is not the brightest]
I'm afraid it's binary DRC in the short term ( three months ) or this will test record lows.
Doggie,
there a few possibilities;
1. You didn't read the RRAL RNS
2. You did read it but didn't comprehend it
3. You did read it and did understand but for some reason felt the need for a pathetic side swip.
If you read it;
1. It is entirely conditional from RRR's side
2. Most the consideration is back ended loaded and itself conditional
3. One of the conditions is funding. Likely the will bring someone else in to fund the short term requirement but in any case RRR will not need to come up with any cash anytime soon. See point 5 in the schedule part of the RNS. The first two parts are a CLN and a share issue at 0.15p per share. If no placement within six months then the CLN is redeemed for cash. Note where the share price is now. POW is accepting the shares and the CLN at well above the current share price.
4. The terms for the conversion of the CLN mean that RRR is highly motivated not to do a placement above £200k within the next six months unless the share price is materially higher than now.
Anyway DYOR
I hope Bell is correct about this being shorted because if he manages to secure the 7.5m award then the fit will hit the shan with them covering their positions and shareholders will get a well deserved juicy SP spike.
Mind you, Bell trying to use shorting as an excuse for bad SP performance here is nonsense. That's down to his poor performance and diluting spending. I thought he was selling down to raise funds a few weeks ago, what does he go and do, spend like the drunken sailor again and offers to purchase the rest of Red Rock Australasia.
Bell is a liability and unfortunately I don't think the money from the DRC will last long if he gets his grubby mitts on it. Dyor.
News, in NT put a fill or kill in and open up the book
Thanks for that information Helpful.
Allways good to have the information of an Insider.
H5O is so dense he dreams about conspiracies but the only wrong doing is by Mr Lundy underneath his nose.
News. He would have arrived at the airport about 7.30pm. They tend to do nothing in the morning over there. They start doing things late afternoon and then continue until the early hours. Sometimes meetings are midnight/1am/2am.
I doubt that he met anyone last night other than our people over there.
DYOR
When we do start to really breakout, and i don't mean silly 0.07 /0.10p, then we must remember who has been knocking AB for months on end with no let up'' and now wanting to be your friend, and give them the big thumbs down, and a wide birth, as they will soon be knocking it again as soon as they see a drop.... ignore for life IMO so they can do no harm to other little tiddlers with SP well below there ASSET value
Helpful said A .Bell arrived yesterday from public flight info and Bell's picture on Twitter. Two full days now in DRC and matters should NOW have been concluded? [Ref: Bell's interview with Stockbox.
You can buy on Lloyds now at 0.0748
Love it and here's H50.
This is a brilliantly run company brought down by an international cartel headed by Banburyboy and his mates.
This company will stand and fall by its own actions. The POW deal is ridiculously dillutive unless that's a fall back and will be replaced by near term cash.
There's no place to hide now and if Bell delivers all those imaginary shorters with me at the helm get burnt you will be in delirium !!
Sorry to dissapoint H5O no shorters no conspiracy just a small AIM company which will be judged by its actions.
Thanks for your deduction on the state of play out there, and what we are up against H50'' your post is always welcome and shows years of experience without Malice..
Regards
The fat boy is sweating buying some himself ?
Armadon where are you ? This is the Eastenders episode to end them all. Absolutely compelling.
1. Will AB dilute us to death over POW or
2. Will DRC rescue the day.
Compelling - you payby your money and make your choice.
One reccomendaction to all make sure any receipt is truly banked. AB is aware many are disgruntled over Greenland.
Alternatively he might secure funding from elsewhere ? Let's hope so.
Told ya. Still N/T at HL from 1:58 to 2:29.
I suspect that if my theory is correct, then, it will BE N/T all the way. To when, I dont know.
Bell said in his last commentary on this bulletin board he considered there are short positions in RRR, he also implied it was likely some of the short positions were held by market makers/insiders, he would have a better idea than most.
It is my view the bashing brigade are joined at the hip with these entities, the market stinks and is as corrupt as it has ever been, in a nutshell it is plain easy to make money on the way down, it is nigh impossible to make money on the way up.
If you look at this sector over the last 3 years there are hardly ANY success stories, bulls have been destroyed, the same city spivs complain about lack of corporate activity and liquidity, exactly how they make their money, it's obvious why but they are too dim to see it.
I would early love to see some more bucket shop brokers fail, aka Beaufort Securities, Xcap and a few others historically, the majority of the bucket shop brokers have balance sheets as thin as most of the AIM listed junior explorers. Until the corruption ends this sorry tale of AIM woe will continue.
In the case of Red Rock it is obvious entities are trying to protect a large short position which Bell talked about, they close down online buying in a flash to quell demand and once prospective buyers tire the status quo of drop, drop, drop continues.
You cannot buy at .07p currently, IG are quoting .078p for anyone interested.
It is NT to buy but will buy yours at 0.0695
Last trade went through at 0.0735p.
It looks like it will move up shortly.
DYOR
Still NO QUOTE to buy even 100,000 shares of RRR at £75. It is now 2:21pm. Now, RRR shows down 2% from down 10%. MM'S CANT GET STOCK------------THEORY 101, PLEASE TAKE IT UP , as norm.
Helpful is a fairly portly lad from photos.
On the plus side sweating will lose him some weight.
? Can anyone call their brokers if they are on telephone service. Thanks.
For me this is s*it or bust for Andrew.
DRC in short term and he's a hero
No DRC and death spiral he's a villain.
For me it's binary mess this up and he should go.