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ah yes the insider acting all high & mighty and preaching to the common folk about market timing.
I guess a timely reminder of what has been previously published about "Helpful":
"I caution all shareholders to be VERY, VERY careful of certain postings on bulletin boards (in particular one that goes by the moniker “Riddler” and also “Helpful” on the LSE Board aka Stephen Lundy of Bespoke Capital Solutions and who is anything but “helpful” as his posts on Red Rock Res and Attis Oil & Gas illustrate for anyone that followed him) and social media forums where, sadly, less than honest and transparent intentions are at play and that are at a 180 degree opposition to your interests."
"And this proves my point....."
The only thing a statement like that proves is just how much of a complete and utter charlatan you are. You defend a mechanism, Red Rock, that does nothing other than shift money from the the unfortunate to the fortunate. A company where investors can only make money if they happen to get the timing right where the majority lose is not a legitimate company but more akin to a ponzi scheme. In your world you need people to be unfortunate, that's what you rely on for your "timing" to work.
This is a company that has made nothing and will never make anything.
TDT
Yes Helpful I did buy all those years ago but remember I was encouraged to invest by no one other than AB. But now the upturn has been delayed by COVID you say. Next year then Rodney?
And this proves my point 11/12 years AB was a superhero for those that got in earlier and sold at or near the top.
As these guys were selling, someone was buying. Some of those that were doing the buying are amongst those that troll RRR 10 and 12 years later. You know who you are.
Timing matters; both company specific timing and sector timing. 12 years ago the sector was about turn down but it didn't happen overnight: it took about two years.
The upturn here has been delayed by COVID but that will work through the system.
DYOR
That was a great day, sold mine at 12p and bagged 27k, its gone down hill since those days.
Any one still here from 12 years ago? Just popped up on my FB memories that I sold a shed load of shares today for 18p……..yes indeed 18p. It was a 15 bagger for me and was the start of my investing life. Never give up hope guys.
https://twitter.com/RRR_RedRock/status/1594783701749370881?t=N-Z-cJ2xf6EbdmSEdoX1Dw&s=19
https://twitter.com/TereaAfrica007/status/1594229457509879809?t=t7Y-FpKxg62NeGu1T87zUg&s=19
according to SEC filings both the number of share and the share price are now fixed so the IPO should be very close .
US Thanksgiving is next week so that might impact timing
A time to buy and a time to sell.
This is not a time to sell.
As helpful said....the big G is the main course.
DRC award is the starter gun.
In all my years I have not seen a situation of such potential
Finally at least as RRR shareholders know what is going on
If one or two of my other investments start to grow (one did today) I will be leaving the environment of Red Rock forever, I was enticed back in a couple of summers ago when Bell was pumping the company in the presence of Tom Winnifrith during an online event called Mineprophets.
My reasoning was (wrongly) that Bell would be very silly to 'promise' certain value events to Winnifrith for fear of a backlash of gigantic proportions that only TW could deliver without delivery - not so, every claim Bell made at the time failed to materialise, no wonder TW backlashed last week suggesting that Bell has failed to sell just one asset/deliver and material dilution is just around the corner.
The fact is if you plough your money in here you are not investing in a well-regulated AIM company, you are investing in Andrew Bell lock stock and barrel. Bell holds all the cards - he is also protected by a layer of 'major shareholders' who see failure as acceptable and happily support him despite delivering no value for the best part of 18 years. How are they incentivised one asks, the last significant dissenter on this BB (a former TR1 holder in RRR) wanted a forensic audit, why?
One suspects there will be no material news-flow for the remainder of the year, the Congo cash is going the same way as everything else Bell has to do with - no-where, shareholders will never see it. The IPO of New Ballarat that was supposed to have happened this time last year will probably not happen for months and months ahead, if ever. It is noticeable that Paul Johnson at POW never mentions the JV anymore, he knows the situation and he knows Bell's record.
Then we have Elephant Oil, clearly, they are struggling to get the listing off the ground, who knows when/if it will happen, even so the 'value' it might bring to Red Rock has been eaten up by a £1m loan that Bell has took out (not RNS'ed BTW) with Prime Resources in June, that money has surely been used in its entirety.
As for Kenya gold, a JV or outright sale Bell puffed up in Q1 - simply an oasis in the desert, it will never happen., Bell likes telling stories you see.
The rest of Red Rock - a hotch-potch of projects that are figments of Bell's imagination, a bit like his Twitter posts which should be read to give prospective investors a flavour of who they are dealing with, go on read them, talk about contrarian viewpoints - he seems to support Putin as an example.
So what now, well a placing or funding round has to be imminent, will it be large or small, one thing for sure the Red Rock treasury is nearly barren - a BOD of Andrew Bell, Scott Kaintz and Alex Borelli - what a dream team NOT !
Over and out for now.
Spec I think the problem is the man never changes.
Since RRR has multiple ongoing projects how hard could it be to release news on something-Elephant IPO status, Australia IPO status, Congo update, Migori status even if only elections are completed and search for JV partner has started
AB should have plenty of time to provide an update while waiting the arbitration results
Welcome to RRR.
No news on Congo or anything for that matter
Helpful you say once DRC is sorted. Would you like to hazard a guess how much longer it will take for the funds to be released and perhaps how much money we might get?
2010 was when AB was regarded as a superhero, RRR had recently acquired Migori and was steaming ahead and the metal market was about to turn but hadn't turned yet.
Classic PI timing. The time to buy assets is when no one else will touch them with a barge pole. Buying because something has gone up so much it is bound to keep going up is just greed and a basic mistake.
For instance, all the e-coin and NFT stuff was a classic bubble. I had people telling me I was stupid for not getting involved. I think at least one of those people has been wiped out. I was asked to get involved with an e-coin start up about three years ago and said no.
Same here. There will be a time to sell and it is not yet clear when that will be. Once DRC is sorted, the next big item is the case against Big G.
DYOR
Helpful,
remember the title is LTH.........and explaining and proving that the only way to survive at all is the guessing and being lucky in the timing.....Whatever way you look at it...if you invested 12 years ago.....£37,500 which is now worth 35p........it's hardly inspiring? and certainly giving zero confidence in choosing to become a Long Term Holder?
I do not blame A.R.McM. Bell for Profconman rip off of CGNR LTHs but I cannot condone a failing CEO of profiteering at the expense of their shareholders. Over and Out.
You got three wrong, you can't blame AB for Conroy Gold. And timing. Both yours and others.
On RGM, AB was right about coal but l out on his timing. Plus he shouldn't have closed on the deal when the other side changed the terms.
DYOR
What you are relying on to make money from the jump in/jump off technique is some poor fecker jumping in and either staying in or jumping off at the wrong time. Enterprises like Red Rock don't make money they're merely a vehicle for shifting it around.
TDT
Are you meaning knowing when to jump back on for a bit.....Helpful?
Read your own earlier post. You might benefit from it.