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Very little stock around sub .30p currently, IG want a premium for anything over £5k of shares, a few smaller trades would probably move the price up as well.
As mentioned in my earlier posts buys around current levels have proved to be profitable, in some cases very profitable.
That's the sensible answer for sure and all makes sense.
However I've been in the city and around brokers when certain market makers pop up on a small cap that shouldn't and often news or concerted buying pressure breaks the back of the share prices. Ive seen it numerous times. I'm not going to name names of the MM's but games go on and its been told to me they usually drag the price down knowing the Directors will accept stock in a discounted capital raise.
It is interesting that you've managed to pick up 18m shares and someone I know has picked up over 10m under 0.3 but I don't see the sells to help with that stock.
Also you have leveraged companies that will give a position against their book - all we need is news from the DRC, Elephant Oil and an update on Kenya, not drilling commitment until DRC funds (Gold rising), maybe an RNS reminding investors of the resource and size and good Gold assays from Australia this month and it will go a lot higher than 0.3 imo.
Mr Bells cryptic message in the telegram group was interesting. I wonder if he's travelling again soon and that maybe a sign if its to the DRC.
Brainspark...it is often when you are most frustrated with a ceo and share price that you get the nicest spikes., good luck!
Gold can move up 10% in one day. Only AB stepping down will this company be taken seriously
AB is the child who cried wolf too many times
Gold up 1.3% on the day: a large move.
https://goldprice.org/
Likely Migori will become popular again
DYOR
It’s actually quite a misconception that MMs would be short a stock like this. Looking at the repo market is where you would see the ability for short positions, and there really is no repo market - the only way that there would be is if the same people holding large positions (and being paid coupons on debt instruments are also repo’ing out the shares which would raise many questions of integrity). I was an executive director in investment banking and the clowns that used to work on the equity desk were clueless. Let alone the likes of peel hunt, Hargreaves’s etc etc - they are about as informed about small cap stocks as a rock. I can assure you that these MMs can’t even hold a position of more than $100k in these names, likely even $50k max for most. The moment they are even $10k short overnight they run over (literally) to the repo desk who will shrug and not even know the names they are trading. As I said, clown show - I can assure you that you’re not dealing with some big mighty beast here behind the scenes, you’re dealing with Dave who is clinging onto his job and wouldn’t even know what RRR stood for if a trade request came in - he’ll be looking that up on BBG.
Wont matter if the DRC funds are confirmed.
I know of another longerterm buyer who took 3m during the Christmas period under 0.3. I'm actually surprised the market has given this much stock. Any news and the MM's maybe short.
Elephant Oil this week or next now New Year is past and they can book the funds without investors being on holiday?!
I actually did buy some more today at .30-305. Takes me to 18m shares but deliberating what to do here, still undecided. Just ‘playing around’ for now picking up some loose shares. Might change
Hopefully the buyer is long-term and he has enough to call a EGM and kick the useless AB out the company.
Maybe long-term can find a CEO that can drive these assets forward
Looks to me like we have a preset buyer at 0.3 and the market is searching for stock.GLuck!
https://twitter.com/Ole_S_Hansen/status/1610271493359022080?t=6c7ZEkQ9jTOVxTCiAI6g7Q&s=19
What is looking better ? Certainly not the SP!!!
Looking much better..
Hawaiifive o 'As I say RRR is nothing more than a trading play, time your entry correctly and you can make a turn. "
so true of virtually all the publicly traded shares in the entire world and certainly true of any exploration company
Yawn!
If Bell and the 'major shareholders' really thought there was a realistic chance of getting any cash out of the Congo there would have been no need for the recent death spiral funding package, woe-betide us all if Bell is allowed to draw down more funds from the penal lenders.
The story now moves on to Zimbabwe revenue, everything involved with Bell & Co is a story, a fantasy, until the 'major shareholders' have the guts to do the right thing nothing will change, never ever at Red Rock, EXCEPT trading spikes. Frankly I do not think they have the ability or knowhow to replace management, it is quite an involved process.
Bell is totally incapable in delivering a bean of sustainable value to the shareholders, the question remains, why do these 'major shareholders' continually support him? What is in it for them.
As posted before I estimate that largest shareholder in the group (holding 17% - reducing quarterly via dilution) has probably lost £400k/£500k in value, how on earth can this fellow be happy with that ?
Helpful seems to be the BB 'spokesperson' of the entities, here to try and sucker in new folk to maintain some form of value, for goodness sake, even Tom W one of Bell's best chums, has thrown in the towel - has been commentating on Bells obvious failure to deliver for more than 18 months on his Sh@reprophets blog.
As I say RRR is nothing more than a trading play, time your entry correctly and you can make a turn.
BS What is VUP doing? not attending any meeting where they have to sign acknowledging the arbitration results.
In Canada people will run away from process servers, go into hiding etc. Eventually they get found and served. Unfortunately this is a waiting game. Of course VUP does not get the balance of their funds either
So what do you think is going on with DRC then helpful?
BS that is a guess, you don't know.
AB recent comments on telegram group concerning DRC funds
"Bells comments have to be definitive. Study his travels the next few days if you want to anticipate them"
More clued up ?
The sp is 0.027p and AB has failed to deliver on the DRC Arbitration. VUP have ignored the ruling
H50
Plum to you too and figgy pudding.
It was in response to Brainspark's post
"Once AB gets the arbitration signed then the board should make him step down"
I suspect that I am a bit more up to speed on things than you. And no, no comment on anything.
xx
Wow the old man has started 2023 super grumpy! complex analysis? This is again all in your head... BB are for sharing views are they not? I didn't see anyone else point out a few of those things so where's the harm? I think it's quite telling how you're reacting to a simple post.
oh so sorry My mistake on such a complex analysis that lead to your conclusion (based on your extensive knowledge" that "each time it gets progressively worse". This board is, no doubt, in awe of your analysis
It was a statement. No implied expectation - that's in your head. However, I've been consistent in what I think of this sham of a listing and I don't believe you're really that dumb to think I was expecting an improvement in circumstances. But obviously you are free to read whatever you want into it. Happy that it made you "LOL".
Helpful you plum, Bell has not received the $7.5m-$10m cash out of the Congo - the market is suggesting it never expects him to, if he was so self confident then why proceed with a death spiral funding package that you and your chums allowed him to proceed with.
As for EO well I have suggested for some time that EO will never ever get their listing in the US, so far I have been proved correct.
The new plan is to generate Lithium revenue in Zimbabwe, so be it, however with Bell in charge what could possibly go wrong.
Bell and the entire BOD are no more than vultures of shareholder funds, story tellers - in the last TEN YEARS the market cap of Red Rock has never exceeded £10m, that in itself tells you all you need to know.
The major shareholder group are party to this failure, the support they offer Bell & Co is, quite frankly, incredible, what is in it for them?
Like investor 'Longterm' I have bought a decent slice sub .30p only because history suggests it is at a 8 year low average entry point, it is purely a trading position - perhaps 'Longterm' will do as he initially implied and make the revelations he suggested he would in his recent maiden post, will be an interesting read.
Let us see what Q1 brings.