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Sentiment seems to be that an announcement re fundraising will be made tomorrow. Any chance that will not be the case?
I dont like in the UK so I am familiar with AIM as others.
Please express your opinions or fact as to that is the "traditional AIM model"
pumkpy wrote "works if you produce/sell and make money". This implies that most AIM company make money and I dont think that is true. I suspect that the majority (maybe 80%+) have lost money and eventually go bust.
AB/RRR is moving on. I suspect, longer term (1+ year) that RRR would start trading on a different exchange
Isn't that what RRR, a £3m m/c company looking to do?
Cant have it both ways. RRR are looking to produce Lithium and buy/trade Lithium, truck, ship and sell to Chinese customers they've met and agreed too supply. Andrew has said they are profitable and so that ticks the 'make money' box...for £3m m/c
The Traditional AIM model does not work?Works if you produce/sell and make money!!
Here are two examples of "Helpful" or Stephen Lundy going over the top with his posts. He says he is a 10% ALR shareholder and so many investors take extra notice of his posts. In my opinion such posts do not in the long run help the company.
Helpful's" post from he 12 Oct:
"Note meeting the Chinese in Dubai is after they have had the meetings in Zim and finalised their plans. Also note he refers to partners and taskforce RRR, sounds like a lot people involved. Could it be that they have partners for each stage?
Could it be that you are wrong about ALR? Why would Chinese buyers want to meet up about ALR if as you say there is nothing there. Presumably the Chinese buyers wouldn't be interested in meeting up to talk about a few thousand tonnes of spodumene. How much supply would ALR have to indicate to get the meeting in Dubai? 1mil tonnes or more? 5mil tonnes or more?"
....
"Helpful's" post from the 13 October:
"The big issue for me is what production does ALR have to promise as part of the offtake agreement? The FEQ report from January postulated 5,000 tonnes per month production: I don't see that is sexy enough to have several Chinese buyers meeting ALR in Dubai. So what do they have to promise? 20k TPM or more? A lot more mouths to feed now and so, IMHO, higher production levels are indicated.
The higher production levels need to be supported by efficient mining operations. Getting 20k TPM out of site is a lot more difficult than 5k TPM if nothing else just from the truck movements. Hence the emphasis on efficiency.
“We are with a professional team in Zimbabwe, who have country & logistics experience & the ability to mine efficiently”
DYOR"
Hi Andrew
I think the biggest problem you have re bulletin boards is Stephen Lundy. It is morally wrong he as a 10% holder in ALR and a CLN holder in RRR posts. By any definition he is an insider and conflicted and should not post. News should come via RNS or any medium you see fit but not through Stepen Lundy.
A recent example is you have not communicated RRR holds 47% of ALR. You words were more vague. Stephen let the cat out of the bag.
Nobody on here are paid posters disgruntled ex shareholders yes but most of the noise you are not liking is driven by an insider who should not be posting.
Route I to actually having a better board is to gag Lundy. Do that and I think you will be amazed by the change in sentiment.
In my opinion, I suspect you will see a lot of late reported trades where large amounts of stock have been reluctantly sold, notwithstanding the absolutely marvellous news everybody is expecting tomorrow. If only they could have hung on another few hours!
Hi Andrew,
Are we close to a conclusion with the DRC arbitration?
You are still working towards $7.5m?
Thank you
Thank you. We agree, more or less.
The sensitivities of some of the variables around what we are doing now would make forecasting tempting (because on paper it might look good) but irresponsible. We can say that we are fairly sure we are in a position where if we are not profitable no-one can be, and therefore we have some competitive edges, but if we say that, in the absence of numbers, the response would be 'you would say that, wouldn't you?'.
So at some sacrifice in hypeability we think it best to say nothing and let the facts speak. We are working with very experienced and responsible people, and tying ourselves to public forecasts puts them under a short-term pressure they do not need.
The object is to run this part of the business with an MO that is new to us but common to many privately run cash flow businesses. Because the traditional AIM model does not work.
AB , any time I have listened to him, always sounds supremely confident and polished. Investability requires more!
Fair comment based on facts is neither defamation nor harassment.
IMO AB's interview shows a new approach to 'promotion/hype" which is close to none. Forward looking statements will be made only after receiving sufficient operating data to make projections
This is the approach a mature company takes and one I did not anticipate RRR adopting so soon.
IMO very positive but makes for a very wrong short term forecast from me. This points out why I dont make short term investments
*********************post made on Nov 15th
Look for 200 million shares traded tomorrow
Bell says he doesn't look in on this thread much. So he should be alarmed that poster "Helpful" or Stephen Lundy makes out he is the unofficial Red Rock spokesman on this thread.
He is often misleading investors with made up over the top figures on RRR projects and because he says he is personally invested in some these RRR projects it causes confusion for investors.
So if Red Rock want to clean up this thread they should tell Lundy to stop posting on this thread because his misleading posts does the company no favours.
GARY CARP
Harassment of a company director
Damages for harassment of a PLC director who was harassed by a shareholder
In the case of Red Rock Resources v. Gary Carp, solicitor Yair Cohen sued a disgruntled shareholder who harassed the Chairman of a Public limited company following his disappointment with the performance of his shares.
https://harassmentlawyer.co.uk/online-harassment-case-study/harassment-of-a-company-director
DYOR
GLA
I would respond to him but he has me on filter.
Can somone ask him what I need to apologise for and repost the offending post. Nothing I have posted has ever been removed .Factual and thoughtful albeit informed by many years of exper iance on how RRR and AB operate.
I am the consumate professional unlike Stephen Lundy. He knew all the time all was not what it seemed but led people on anyway. As I have said for a year, an insider like Lundy should not post. Had he taken that advice the traffic on this Board would be a lot less and Andrew would not need to pop in now. The person to blame is Stephen Lundy (Helpful) and AB could do worse than stopping him posting.
We have been over the Gary Carp issue at least three times. Bell was right to chuck the book at him. Had I crossed any line my posts quite rightly thwy should have been removed and not once have they been. Stephen I hope you get the irony but DYOR and IMO
My take- AB knows that that RRR/ALR is moving forward and will generate cash flow. Therefore it is appropriate to move towards a results based approach to disclosure. As an outside observer this makes sense.
Further it makes no sense to provide significant details (at this time) which would a competitive disadvantage to RRR/ALR. Once again this is logical.
"Knowledge is power"
To me AB sound supremely confident in moving forward
5th of June 2023 we would never dilute shareholders "rules of the game!! A post by A Bell
In 2018 sh*reprophets did an article involving the poster on this thread who goes by the name of 'helpful'.
Remember he is NOT to be trusted.
Here is the article:
"All things seem to be quiet down at the ranch that is Mayan Energy (MYN) but word reaches Mr Karma that the temperature is about to be ratcheted up there on one of AIM’s most value destructive CEO’s – Charlie Wood.
Readers will recall that Wood survived the AGM vote in which Richard Jennings of Align was spearheading calls to remove him. But as Zac Phillips pointed out last week his behaviour with regard to Deloro is indefensible and he should be walking the plank and more..
I can now disclose that aside from the voting of the Deloro shares that, surprise, surprise Charlie Wood controls with his wife, that one of his other (very few) chief supporters at the AGM is a chap by the name of Stephen Lundy. Lundy operates an IFA outfit in Manchester called Bespoke Capital Solutions and, we understand, controls a good percentage of the Mayan share float on behalf of a few of his clients. Lundy also posts under the handle “Helpful” on the lunatic asylum that is the LSE – readers might want to check out his posts there and unwavering support for the company in Wood in the face of overwhelming evidence of misdeeds by Mayan’s management.
What is intriguing to us is that the document below that has been passed to us highlights Lundy’s own personal involvement in a placing in Mayan’s previous guise – Northcote Energy. You will see that Lundy was, at that point, being chased for the sum of £40,000 in relation to his defaulting on this. Who was involved with Northcote Energy at the time? Of course Mr Charlie Wood.
Call us cynics but we posit that it is interesting that Wood’s most fervent supporter now was, just over 2 years ago in debt to Northcote/Mayan for the sum of £40,000.
Perhaps one for AIM’s most useless and discredited Nomads - Beaumont “lashings of custard with spotted dick” Cornish to investigate with regards to issues of undue influence on the part of Wood over Lundy? AIM Regulation may have an interest in this too"
Absolutely priceless. Just when you thought this couldn't get anymore ridiculous Bell comes along and proves otherwise.
TDT
There is a lot of honest informed opinion here Mr. Bell and shared in the public interest. I'd hate to see the value of my holding further diluted to fund unsuccessful litigation. The defences to any threat of defamation proceedings will win.
BB needs to apologise to Belly. Last time he took someone to task, he won. One of Zumore's mates; Gary Carp.
To whom it might concern
“Since October last year I have sent a number of messages via email and on Twitter making a series of allegations of wrongdoing, including criminal allegations, against Red Rock Resources PLC (RRR) and Andrew Bell. Based on assurances issued through their lawyers that Mr Bell, RRR and its Directors are innocent of any wrong doing, which I accept, I wish to retract these statements.
I apologise unreservedly to RRR, its directors (including Mr Bell), and its shareholders for any unwarranted damage I have caused to RRR’s and Mr Bell’s reputation and for the upset and distress my allegations have caused Mr Bell.
I have agreed to pay RRR and Mr Bell a significant sum in damages, which they have said they will donate to the Build Africa charity working in Uganda and Kenya”
Mr Gary Carp
The CEO of a listed company threating BB posters with legal action.
Well a placing is definitely coming then lol
Turn the lights off on the way out !
I'm leaving now, but happy to hear from any of you
Well done!