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This little interaction reminds me of an incident I had a few years ago. In one of my many exchanges with Helpless, I made a serious accusation against AB and called for a forensic audit. Helpless said I’d overstepped the mark and suddenly AB appeared on the board, demanding I send his office my details, or he would get them from this website. I reminded them both that not only was I within my rights to state something I believed was the truth, but Helpless had recently made fun of my English, which was an arrest-able offence. I am a foreigner.
Suddenly my account got suspended and, once I got back on the whole exchange had disappeared from this discussion board. It would have been a big pain to go through, but sometimes I wish they had come after me, because
A. I am pretty sure any judge would have thought my suspicions of dirty play were justifiable given this companies history.
B. I can assure you, I would have pushed my case against Stephen Lundy had AB made a case against me and it would have been really funny watching a person who blindly follows a man that stood as a UKIP MP convince a jury he should not be convicted for teasing someone about their command of English.
Mr Bell's post threatening financial retribution against PIs who voice their opposition to his companies lifestyle is astonishing to say the least.
Anyone who has anything factual of interest concerning Bell and his past actions please publish it here so all can see just remember to keep it legal.
Https://www.mediacongo.net/article-actualite-132418_mines_le_gouvernement_congolais_et_le_groupement_d_entreprises_chinoises_evalueront_chaque_annee_le_contrat_sicomines.html
https://www.voanews.com/a/uncertainties-remain-with-renegotiated-chinese-mining-deal-in-drc-/7458908.html
This is the dispute that Bell has previously mentioned as being before the arbitration court ahead of us. So this has been boxed off now the election is out of the way.
It should be our turn next but as always, it ain't done till it is done.
Fingers very crossed.
DYOR
Mr Topham had a charge on all the assets dated 21st Feb 2019 it was fully satisfied on the 22nd June 2019
The Prime Resources limited one was created on 27th May 2022. Mr Bell is saying its been satisfied just paperwork over sight.
I wonder if a new one is being raised ? Perhaps Helpful brought it ? Or one of the new investors.
Nothing libelous all a matter of public record and good clean fun. DYOR and IMO
In that case you can make the payment you owe to Christie's can't you or maybe you are not a man of your word after all?
No talkinto I got a veiled threat of legal action. He also said a security / charge over RRR assets had been discharged but companies house records had not been updated. Incredibly strange thing to admit. Shareholders can only assume records are up to date. The issue of the securities is curiouser and curiouser.
Power to all posters who won't stand for this nonsense from a CEO.
If you look at the 2020 RRR final results RNS you will see mention of Red Rock's 100% owned subsidiary RRR coal taking out loan facilities with Riverfort. However look at the dates mentioned then try to find RNS's around those dates you will not find them. This is strange because you would think that would be price sensitive news and Red Rock would immediately have to RNS the market.
Then again when Red Rock loaned Steelmin over £1 million this wasn't promptly RNS'd. When Red Rock loaned Amulet diamonds a few hundred thousand that also wasn't promptly RNS'd. Bizarrely Red Rock also loaned just under £300,000 to Regency mines former coal partners Legacy hill resources but that also wasn't RNS'd to the market. You would have thought all three would be price sensitive information and therefore promptly RNS'd to the market. Though some time later all three were later mentioned in a final results RNS when all three amounts were written off.
Even when Red Rock sold all its Jupiter shares, over a year later it still showed on the Red Rock website that they still owned those shares.
You would like to think a company's RNS's and website would keep investors right up to date with what's happening with a company. Unfortunately with Red Rock that is not the case.
Helpful, completely wrong again - I made all my money on bitcoin, or a bitcoin miner called ARB to be exact, gave a good chunk back invested in TNT mind, which was nothing to do with bitcoin . . . lol
Wow...what did I miss...an appearance from Bell himself.
Don't suppose he answered my open question to the forum on cash burn and expectations on next shareholder dilution did he?
Thought not... zzzzzzzzzzz
I'm sorry everyone but i'm bumping my post so Andrew Bell can give me a reply. 😐
"Firstly i know some will moan "are you kidding me. You are bringing up an RNS from almost 18 years ago?"
Yes i am. 😕
I was looking at the interims from 31 March 2006 and the then and now Chairman Andrew Bell was giving shareholders a rundown of what happened in the first few months of trading on AIM for Red Rock.
"The half year to December saw the listing of the company's shares on the AIM market on 29th July 2005.
27,300,000 shares were placed at 2p per share to raise a net £476,000. With 141,860,000 shares in issue.
The stock price closed its first day of trading at 2.5 pence, valuing the company at £3.54m.
Between listing and the year end, the shares traded within the range 2.25p and 2.88p."
https://www.lse.co.uk/rns/RRR/interim-results-bwzhrico8j8tdv1.html
....
So now 30Jan 2024, todays share price is 0.075p or around 1/13th of a penny. However at the end of 2015 RRR did a 25-1 share consolidation, so if we reverse that 25-1 share consolidation then this share price today would be around 1/330th of a penny. So with no share consolidation the share price today would be around 825 times smaller than the 2.5p it closed on its first day of trading.
...
If we also reverse the 2015 share consolidation then todays almost 3.34 billion shares in issue would become around 83.5 billion shares in issue.
So after its first day of trading Red Rock had 141,86 million shares in issue. With no share consolidation there would now be around 83.5 billion shares in issue. So that would mean around 600 times more share would be in issue than its first day of trading.
......
The absolute beauty of Red Rock that in a way makes it pure and incredibly easy for would be investors to determine whether Red Rock is a good company or not, is that Andrew Bell has been the Red Rock chairman and been in charge of running the company for all its 19 years listed on AIM.
So i come back to my subject question isn't it astonishing that even though this chairman as absolutely decimated this share price with his company decisions that 19 years on he still somehow remains in charge at Red Rock?"
Pay the money you owe to Christies Hospital or is the excuse that you lost all your money on Bitcoin?
Hilarious. I have trawled the board and can find nothing even remotely actionable. He isn't going to spend £1,000 for a serious cease or desist letter from a reputable London firm which can be summarily ignored. The audience here is so small as to be considered unimportant. Let's not forget, if it's true it isn't actionable. The pics claiming matters on Twitter (X) are more serious as they could be considered by Stock Exchange authorities but, as I point out, RRR has so few followers on Twitter it is nowhere near expansive enough.
Be interesting to see peoples thoughts who frequent this board !
Do you think "Helpful" is in fact helpful ? Or more of a hindrance
Do you think this board would be better with him ? Or without him ? I know there would be far less, if any posts of me if he desisted, think it would be the same for Banbury - Bit of food for thought thats all !
Blah blah Dukey.
Do the analysis. Mako shows quite clearly the Napie Shear Zone continues into Lacgold's acreage. RRR is in discussions about other acreage near Yamassoukro with at least two other companies with at least one doing sampling at their own cost.
Whoever is responsible for picking the ground in Cote d'Ivoire has done a good job.
Similar with Burkina Faso.
You have a unhealthy fixation. And pay the money you owe to Christies Hospital like you said you would
DYOR
Thanks Dukey and Zumore for digging out the Helpful post. Really appreciate your support as it not nice.
" woe to him if he is someone who has allready undertaken to cease and desist "
I beleive thats a small subset of one Gary Carp.
I'm not him.
Let's hope they don't branch out into private dectective work.
Andrew if you are reading I will back down when Helpful does. Hundreds of people like Helpful posting ramping rubbish on these boards but NONE of them are holders of CLNs and
10% of subsidiaries of companies they ramp. Its wrong at every level and why this board is so vehement.
Great post BB and well done !
I always see it as a win to a small win the faithfulls when Andrew Bell pops on the boards having a rant 😂
Genuinely think he thinks he’s going to scare people off the board !
I’m with you, the only reason I post so much art d because of Helpful, it used to be Bell, but I’m over . Helpful paints such a rosey picture for the company, bugs up every assets to make out they are worth millions, some hundreds of millions and they all end up worth diddly squat -
Wonder if we see more sun 0.07 trades today ??? I’m f DRC cash doesn’t come in I fear next placing is going to be even more damaging and discounting, will the CLN holders be able to convert then at 15% discount to that placing then ? If there is one obviously !
But as sure as night follows day, placings are not far away with RRR.
I suppose people not so worried about the threat that of legal action from the company as much as they were, after the whole Lithium photos thing people in glass houses and all that ! Obviously DYOR and all is just in my opinion
xx
Speculative . At 16.09 BEFORE Mr Bell arrived to correct your over literal interpretation of my post I said.
"Speculative on boards we are not lawyers. Hidden away in dormant subsidiaries. NoTHING ILLEGAL but £2m debt all the same"
I could not have been more clear NOTHING ILLEGAL. I then asked Mr Bell about RRR Coal which has previously been used to facilitate loans from Riversfort - please check ( and for the avoidance of doubt not illegal).
Mr Bell then posted that the security which we have seen on this board numerous times at companies House for a £1m to Prime Resources Gibraltar ( Not the UK Prime Resouces with the unfortunate named Director) had now been satisfied and due to an oversight had not been removed from companies house.
It's still there as outstanding this evening.
I just find the security really interesting :
- the completely unfortunate co- incidence of the two Prime Resources and surnames.
- the absolute fury about the issue when I raised it. I was threatened with legal action then. Its twice now and the " security " is the common factor in both.
- Helpful bragging about trying to buy it. Massively unusual.
- It's now closed but the paperwork is late and the chair sees fit to come on the board to tell us. Really unusual.
- An oversight in the paperwork again governance so lax.
What caused it to go from something helpful wanted to buy to being closed ? If I was a major holder not party to the benefits of the charge / security i would want it closing before providing funds [ 500k placing guys ] Conjecture on my part but human nature.
Or it could be DRC is just round the corner ? I hope so.
Anyway thankfully it is being satisfied and I look forward to reporting back on the filing.
I think the reference is to Gary Carp. I'm not him or related to him or instructed advised by him. As i have said before having read the details of the case the company was completely right to throw the book at Gary.
As stated many times my main purpose for posting is to act as a counterweight to Helpful Lundy " RRR is in a good place" . I think his posts are misleading and harmful. DYOR and IMO only.
This is comedy gold.
The last time Madoff threatened legal action ...a week later a placing.
“ I shan't come here again, but I shall make sure someone does - to keep an eye on things, not to respond. Bad faith actors cannot be allowed free rein. ”
“
Spec I was in Blu stirring the pot as when Andrew post last time said this
Banbury has always seemed to be very cautious in what he says so be surprised if he’s said anything libel.
I believe Andrew was alluding him to be a Mr Gary Carp ! I’m not so sure has his whole Wayne of posting seems different to back in the day, and that was some years ago.
All started with a company called IPCM, don’t even ask who they are…..lol. May be worth checking back if your bored to see how far back the shenanigans in this company go !
Theeeeduke- IMO any company should always respond promptly when fraud allegations are made. In this case, it was a repeat offender. To his credit, Banburyboy change the comment from a 2million not appearing but a passible outstanding charge (security on assets on a debt possibly paid off)
IMO this change in language is significant
Particularly when posters in chat room says its messages are critical to funding RRR.
Personaly I would disagree with that or least I hope people dont make investment decisions based on this or any chat room but then again I am not based in the UK so perhaps thats where UK investors get investment advice.
I invested because of DRC cash (days? who knows?) and then is the second litigation play
AB track record--He was successful with Kenya so 100% historical success rate on taking on this type of issue,