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Helpful - I'm always happy to debate with you if you don't get petty.
If you have shares you must be severely underwater and therefore it would be good if you could clarify what keeps you invested despite the ongoing dilution to your investment here. What do you consider to be a lot of shares?
I advised my strategy was to sell ahead of further dilution to protect my investment from further loss - why did you decide not do the same to add some context? If you've been here more than 2 years you must be in excess of 70% down unless you keep topping up?
I am bringing to the surface what the company has said and debating on a forum to gauge other (sometimes opposing) views on the matter. As you can see others are now joining and asking what happened to the Greenland money. These snippets along with own research give new & existing investors insight in to how a company is, or has been run and the confidence to invest or look for potential elsewhere.
Subject in hand... no trolling
Have RRR not said they will likely make a loss on 1st export sale?
Have RRR not said they thought that CNY hindered buying
Have RRR not said without DRC they will likely need funding - possibly through asset sale / other?
RRR advised they had completed an export in November which, I agree with you is a milestone but not the end game. The end game was to export to China for sale and build an export market which generates cash flow and hopefully some profits - hence the 5 Chinese Buyers being mentioned. Do you agree?
No trolling, just tabling what is the current state of play on an existing project before RRR jumps into yet another scheme requiring funding.
For full disclosure I am still watching this company - had the AGM been pushed back a few weeks I would have felt safer and maybe even bought a few more to average down. Luckily, I've already made 15% on ECR which is good timing but I see a bigger prize here short term with DRC if a positive RNS lands.
C'mon Barry if you're reading in - pull your finger out !!!
I sometime get the impression that MM just gets bored waiting on sellers with none in sight lately'' and just drop to be spiteful hoping it may trigger a reaction, just like some of the posters that frequent these boards
anyway 11m buys to 1m sells, although still early, tells us all we need to know''
thanks for the X post HP''
ATB
To be fair RRR doesn't take much talking down. It's performance speaks for itself.
At the risk of having to lawyer up there is a degree of skepticism about the actual. existence of the 200 tonnes. The pictures did not help nor one truck crossing a border nor the debate about an export.
It would be good to clarify once and for all.
We either have it or we don't.
With the amount of capital tied up it would be better if we had not got it. If we have so be it but as Talkinto says sell at a loss.
A clear statement from the company would clarify.
Talkie wrong again. I have a lot of shares.
So I will just note you are the non-shareholder trolling group trying to talk the company down.
xx
Helpless - My intentions an actions were made clear in my prior posts.
You are in the non-shareholder group aren't you - Pretty certain you hold no direct shares in RRR - correct?
Hi Aimdogs $10.7m
The money somehow got lost in the Cypriot banking system.
https://www.marketscreener.com/quote/stock/RED-ROCK-RESOURCES-PLC-4005432/news/Red-Rock-Resources-Plc-Update-on-Proposed-Sale-of-Interest-in-Greenland-16048281/
So Talkie have you joined the non-shareholder trolling club or did you not sell on Friday?
Are those 5 Chinese buyers back from their Chinese New Year break yet. Official Break ended last Sunday.
Surely RRR can now get that huge 200mt sale of 3%+ spodumene at a loss over the line before moving on to oil & gas or yet another pie in the sky project that will need endless funding.
A sale, even at a loss will return some much needed funds back to the pot whilst also giving some further confidence to the market that RRR are indeed internationally connected and have finally got a saleable business product and buyers to go with it.
Failing this, RRR should update market and advise they are no longer pursuing a sale until price rises above $XXXX and that it's currently a dead duck.
Blah blah blah. This company has achieved fook all apart from funding directors lifestyles. The grift goes on.
Well Glencore certainly have enough Money to pay us what they owe for this misunderstanding theft 100x over looking at there result update today..
healthy, earnings performance in 2023, delivering Group Adjusted EBITDA of $17.1 billion, cash generated by operating activities of $15.1 billion and Net income attributable to equity holders of $4.3 billion.
just a thought.......
Banburyboy. Thanks for the welcome yesterday.
What happened at Greenland? How much money was involved and where did it go?
William Black and his money manager knows when DRC update it coming, I see a pattern here.. looking at his holding RNS history... one could almost time there top up on his buy IMHO..
DYOR
HSO has undergone a conversion questionable ethics [ I call it poor corporate governance]. "ABs scatter gun approach I'd simply not appropriate for a small minnow" ! Talkinto and Spec have been banging that drum for ages.
Welcome to the bashers HSO
I hope Helpful is reading all this. Him of seriously questionable ethics.
I'm interested in where DRC and Lithium eventually end up.
Split into Turkish and Greek ?
Is that about 80 miles off the coast of Lebanon?
The DRC money is in the bank next to the shop that sells rocking horse Shiite, next to the smoke knitting shop up the road from the jam butty mine
Andrew Bell has stated on the other bulletin board that William Black's position in Red Rock is being managed by First Equity, in other words they decide when to buy and sell his shares, it does seem that he is keeping a core position nonetheless.
In respect of FE historic trading on behalf of Black they seem to have a pretty good feel of events and have banked a profit more than a few times, the best being late Q3 last year when the shares moved from around current levels to .30p. As FE is the company broker some may question the ethics in being able to trade for a client in this stock but this is AIM where all 'rules' are loose.
The removal of Kaintz at the AGM was the same as previous demands from one assumes the 'major shareholders' i.e. the resolution being withdrawn, one does wonder if these same shareholders are demanding a complete change of personal. Under a new team the project suite RRR has could deliver material value, AB's scattergun approach is simply not appropriate for a cash starved minnow.
At current levels the shares are 'option money' just one meaningful development and you are looking at multi bag potential.
That is why many are here.
Interestingly he was only appointed as Director at NBG on 29th September 23.
Not sure how his removal from the main board impacts this.
https://find-and-update.company-information.service.gov.uk/company/13636745/filing-history
So now the delay is due to waiting for the new ministers to be signed in? 2 months ago the delay was due to the impending elections and then we would see the dollar. What excuse next Hapless? The new ministers waiting on their offices being re-decorate? Awaiting a delivery on new stationary to sign the deal off? Utter codswallop for nigh on two years now, even Bell hasn’t bothered taking a six week jolly out there for a while, preferring the other chuckle brother, Barry, to be our man on the ground.
But hey, if anyone bothered to do any research they would have known there was little chance of ever getting any money.
From the RRR TR1, Mr William Black,Investment Manager of ARMSTRONG INVESTMENT Ltd resides per the form at Douglas, Isle of Man.
On public file: Isle of Man has no CAPITAL GAINS, INHERITANCE TAX, WEALTH TAX, STAMP DUTY and top rate of tax is 20% [Income Tax]. A TAX CAP IS IN FORCE of £200k.
RRR TR! RNS, Tues, 20 Feb 2024.
Mr William Black increased his stake in Red Rock Resources. [I saw the large trade go thru yesterday].
WHO IS WILLIAM BLACK?
On open data, Mr Black is an "INVESTMENT MANAGER of Armstrong Investments Ltd. As far as I understand Mr Black is the 2nd largest shareholder of RRR plc.
RESIDENT
Article 4, RRR AGM, London @Fri, 16 Feb 2024. Article 4 for Authorisation to Issue passed.
Resident on this forum - its going to 0.06p region vs Mr William Black BOUGHT to INCREASE his holding in RRR
before update [further on DRC /Oz etc]>
Ref: Factual event - real life.
Tues, 20 Feb 2024. DYOR. NIA.
William Black at it again I see'' he obviously knows this time that DRC cash is imminent, they always knows before us mortal....
patient some more I suppose... and let it play out
Looks like they couldn't make their minds up or wanted to see what dilution would look like before hedging their bets!! Initially sold 151000000 then brought back 201000000, must have sold at a higher SP than when they brought back....... good way to further build their stake.