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Yes i agree.
I see when the CINE bankruptcy speculation started around 1.30pm (uk time) LSE have since removed lots of those posts from the time the price collapsed.
LSE don't usually make posts but they did today on that thread when posters contacted them to say some posters are saying worrying things:
https://www.lse.co.uk/profiles/londonsoutheast/
Shares like RRR or any stock on AIM, TSXV, US pink sheets or anything similiar are not 'investments' but speculation. Personally I would also include any crypto asset as well. They are far too volitile IMO
CINE is reported to be filing for bankrupcy and their share price has been decimated.
Looking at the CINE thread some are saying they've lost all their life savings and one did a very worrying post and said his life is now over. So really sad to see.
Some say they wished they had listened to some of the negative posts instead of listening to all the positive posts.
One thing for sure i couldn't do what 'helpful' does. I'd feel so guilty.
IMO the resolution/payment from Congo is getting close-I suspect the small amount is to keep going on Congo and that it is close.- increasing volume and higher share price is the basis for my optimism
DYOR
Increasing volume and a rising share price is always a good sign on AIM, it is also interesting that POW are rising, one wonders if the IPO of New Ballarat Gold is anywhere closer.
So much could happen here to drive value, not been like this for quite a while at Red Rock.
I mentioned a while ago I felt certain entities were picking up any loose shares on offer here, it seems this process is still ongoing.
Loan notes are a win win for the recipient. 12% interest on do nothing or covert at 0.6p with an option for further buy ins at 0.8p.
As a fund raise like all RRR activities it dilutes existing holder. Was stupidly thinking of a small dabble but the terms of the note are unreasonable to existing holders and seem to suggest the company has very limited options in the money market. Not for me
Think you will find the opposite is true.
keep the lights on issue of shares, pathetic AB
One suspects the takers of the loan notes are major shareholders of Red Rock and seem to want as many RRR shares as they can get within the restrictions of AIM.
The Elephant Oil listing is a catalyst but by no means the only aspect of significant value appreciation, let us see where this goes but it is often worth following the money.
If the EO IPO is in demand who knows where their share price will go, for every $1 increase RRR stake increases by $400,000 .
Interesting times.
Looking good. With DRC and Elephant oil near term drivers
This isn't z rise you kn ob, look at yhe spread...
Sell as quick as you can. CEO worst on aim in my opinion
Yes looks interesting for investors if it can hold and the rise is not sold into.
Has picked up. Which one of the three ? DRC, Elephant Oil or Oz listing ?
I agree that the endless publishing of commodity prices can get tiresome when RRR don’t produce any revenue from production BUT that link and underlying article was really rather good.
Helpful
Thats a massively obscure and general post re Lithium being a good bet. It probably is.
What is not a good bet on past performance is RRRs pre embryonic lithium interests getting off the ground.
I know RRR could hit the jackpot and the past to a degree is irrelevant
You clearly know a lot about the company but great if you could filter out the dross and constrain your posts to company specific issues. I would welcome that and I'm sure others would to.
The SEC disclosure requirements are similiar to Canada. Shareholders who disclosed are: 5% shareholders, related parties, officers and directors.
Probably an oversight I suspect but it may be that some are held as collateral by Stephen?
no probably because RRR don't hold anywhere near the holding you think they do. another AB falsehood no doubt
Major shareholders in EO are listed in the presentation document
Main ones being
Matthew Lofgran 2.88m shares (22.1%)
Gavin Burnell 2.22m shares
Adrian Beeston 1.32m shares
Stephen Lundy 707,822 (5.9%)
Peter Elliot 230,811 (1.9%)
According to the last Red Rock RNS the EO holding is 397,873 but this is not shown on the major shareholder list, probably an aberration in the rush to get the presentation completed.
Did anyone go to the RRR shareholder meeting? Any questions/answers?
Affecting the trades at the moment.
IPO per SEC filing expected to closed August 2022 with pricing between $4.15 to $5.15
https://www.sec.gov/Archives/edgar/data/0001865833/000121390022047012/ea158324-fwp_elephantoil.htm
and
https://www.sec.gov/Archives/edgar/data/0001865833/000121390022047008/fs12022a1_elephantoil.htm
Can you provide a link to this newsletter?