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If you read below I was question from another posters point.
Relax friend and I do like HZM but it may not have bottomed.
HZM is moving forwards to production.
What are the other juniors (still in exploration phase) that dont have 'toxic management"
The purpose of the question is to make comparisons. Is RRR a good value in the current environment or are their better opportunities out there?
I am not aware of any and certainly understand and accept the risk inherent in buying RRR
I'm not comparing anything, you are. You said:-
"What are the other juniors that are funded and bottomed out and don't have 'toxic' management?"
And Horizonte tick all of these boxes. Its not my fault you can't frame a decent question and its not my problem you don't like the reply when you don't.
TDT
You are comparing a £170m m/c company with a £5m m/c?
Of course HZM is better company, bigger board and better asset but can’t compare like for like and their share price isn’t doing great at the moment either.
Horizonte Minerals (HZM)
TDT
What are the other juniors that are funded and bottomed out and don't have 'toxic' management?
Elephant Oil listing this week?
I suppose what investors have to look at is whether Red Rock will provide a better uplift than other sector minnows in the future, the share price range is circa .35p to 1.2p.
It seems the monies in the Congo are going to be exceptionally difficult to extract, if Bell had made material progress he would have RNS'ed this, one has to assume he has come back empty handed.
My personal view, be it right or wrong, is there are far better options in the junior space that could offer 3x or more uplift in a sector recovery scenario. There are some incredibly bombed out juniors currently, many of which have offered outstanding historic gains and not stained by 'toxic' management + have a strong retail following.
Winnifrith makes a great point, Bell has been proposing asset sales, JV's, IPO's + other corporate activity but he has simply not delivered over many years, one thing for sure AB sure as heck knows how to fluff the excuses.
Nonetheless, at least one event is out of the hands of RRR, namely the IPO of Elephant Oil, that should generate some upside in due course.
Looks like AB contacted TW to promote RRR.
"Bell says the key to escape from these peers in share price terms, Indeed...."
Maybe because we are very close to a conclusion
Thank you. All the more shocking to me that AB/RRR has not provided an update
Bell confirmed on Twitter last evening he had returned from the Congo
https://twitter.com/ABell2019/status/1589648990743953409?s=20&t=EOAaFgcPk_TLCxQWKFmyxw
The link to the Sh@reprophets feature
https://tinyurl.com/yc4yv5wr
re----Sharepr@phet
can you post link to this piece
Why do state AB has returned from Congo? is this opinion, fact or speculation
IMO RRR needs to update shareholders on Congo status
What are you seeing that indicates major shareholders are supporting or NOT supporting AB?
How can the major shareholders here continue to support AB if he doesn't achieve anything?
Sharepr@phets has written a piece late today suggesting they are not tipping Red Rock anymore and are heavily critical of Andrew Bell for failing to deliver just one asset sale, they point to more fund raisings ahead due to his inability to monetize assets.
Bell has responded in defence on the same paywall site, of course he should not promote ANY Red Rock commentary unless it is re-laid to ALL shareholders but who cares about regulations, it is not the 1st time it has happened either. Winnifrith pokes fun at the Nomad who he loves to announce as Roland 'fatty' Cornish and implies as quite useless, so Bell knows there will be no censure.
The gist of the matter is Bell has now returned from the Congo, clearly with no cash, if there had been meaningful progress then surely he would have to RNS it, of course Bells view of progress is completely different to the vast majority of shareholders.
So there we have it, the latest instalment of the Red Rock muppet show !
Continued silence from Bell concerning Red Rock, he continues to tweet away his eccentric and contrarian views on a personal level, where is he?
The last Stockbox interview was on the 7th October when he said he was going to the Congo for a few days to get some signatures, we know he stayed longer but where is he now? Surely an update cannot be far off.
No doubt a few 'investors' close to the company are aware where he is - even they are quiet, nonetheless I noticed selective buys keep appearing below .40p - as mentioned buys around current levels have proved profitable historically.
https://twitter.com/giginator_/status/1588705278501220354?s=20&t=FRwX2wGONIkRaxzO65IadA
Month end I reckon there will be a few more shares in issue, look at Bells cash burn on his many jollies.
Who will be strung along again?
Approaching 2 years of you pumping this dog helpful, what’s changed other than millions more shares in issue? I’ll answer, nothing. Same as the last 10 years that I’ve been here.
Avoid this share like the plague
looks like its moving closer. Another filing made 2,580,645 shares being sold which makes it between $10.7 million to $13.2 million
blue.....
Sorry my bad, I assumed you understood how balance sheet valuations worked...
Fully understand how you get yourself into such **** poor companies!
Ah the expert on dumbness..
https://www.accountingtools.com/articles/liquid-investment#:~:text=A%20liquid%20investment%20is%20any,on%20an%20established%20stock%20exchange.
"A liquid investment is any investment that can be easily converted into cash without having a significant impact on its value. Examples of liquid investments are cash, money market funds, and shares of publicly held companies that actively trade on an established stock exchange."
A liquid investment is a readily realisable investment.
DYOR
So we need the Congo money before we can tackle Glencore. Let's all hope AB has been successful.
That's a pretty dumb take on it. All that matters is that RRR is able to REALISE the saleable asset before it inevitably ebbs aways towards zero.