Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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More clues from Bell, he promotes Barry Kazadi as RRR's representative in the Congo, but the photo tells more, he is wearing a Glencore lanyard, it seems he was representing Glencore at the recent DRC Mining Week, that is interesting as Gecamines (who owe RRR $7.5m) are a subsidiary of Glencore.
https://twitter.com/ABell2019/status/1532636437727916032?s=20&t=SeZST7-AAJiVYJiowd1k2g
The latest ramblings from Bell, a tweet from last night, make of it what you will, assuming he is referring to collecting RRR money using the wording 'successfully'
Andrew_Bell2019
A trip to Kinshasa that has extended, though very successfully......
Helpful knows nothing, a paid ramper pure and simple
So where is Bell and what is the outcome of the supposed $12m cash collection from the Congo ? No-one believes Bell will succeed as per my post on Friday, I expect to see a fudge RNS (or no RNS) it will then go quiet on the matter in question.
I have noticed that Bell seems to be continually interested in the shareholder register, the 'support' from the major shareholders before the AGM was based on their view that Bell was the only person who could get the cash from the Congo, so what if he fails, does their unwavering support continue? I suspect so but why?
It seems one shareholder holds nearly 17% or 204m shares, there are two other TR1's holding around 3% each, according my research they all have averages IRO .75p possible a tad higher. Their combined monetary losses are just over £1m as things stand.
I sincerely hope I am wrong, there is not long to wait, I suspect Helpful already knows the answer.
LOL you changed the challenge from "repeating" to discussing RRR or topics.
sad but so typical of either a basher or child
Sure, happy to. Quick glance and there are 5 such posts from the end of April already. Always a similar format - state all of RRR projects and say that value will be created if any are delivered (really rivalling institutional sell-side research there!).
I've made a handy template below in case anyone wants to replicate.
Spec's template:
IMO...**insert garbage statement about value/news/share price**:
1-Congo
2-Elephant Oil
3-Kenya
4-blah
5-blah
**Occasionally add a weird statement about whistles, trains or waiting for treats from parents **
Hopefully people find it useful!
Also..."If you can then I will stop if you can not do this then you must never post here again" - are you actually a small child?
LOL you can read and write false statements but you dont understand
go back and tell me where I repeated "IMO the true game changers to transform RRR are"
If you can then I will stop if you can not do this then you must never post here again
Yes you keep repeating yourself - are you trying to convince yourself? Or trying to suck in other fools into this capital black hole?
https://oilprice.com/Energy/Energy-General/3-Reasons-Goldman-Sachs-Is-Wrong-About-Lithium.html
IMO the true game changers to transform RRR are
1-Congo
2-Kenya
The other deals
3-lithium
4-Australia IPO
5-Elephant IPO
are small deals meant to keep the lights on and keep funding the the bigger deals.
RRR is all over the world and at least minimal infrastructure (legal , acct and corp support) which costs money (ie people do not work for free)
Kenya needs significant money spent to go the next level (pre production/production) which is why RRR needs a partner but those costs are still ongoing ((due to Kenya license requirements)
AB has given a lot of positive feedback on Congo but it is not done. That said I wish RRR would put a news release on Congo status
https://twitter.com/TereaAfrica007/status/1538007710913863681?t=nZs4ddMTKg9et-HQMVCdkQ&s=19
Until the $ arrives in RRR's account it is uncertain RRR has publicly stated that they are also hoping to get a replacement property, it is uncertain that this will be achieved
Most attorney's I know are almost invariably serious particularly during working hours. My initial thought was the picture was being sent as a prelude to a victory and way to acknowledge their efforts. but the opposite is also possible -ie a way to deflect blame
I do not believe AB has much credibility given his long history of unfilled promises so IMO only news that the $ has arrived will possibly move the market. I say possibly because posters here have speculated that AB will simply waste the money anyway. That type of comment is an indication of how thick the negative sentiment is concerning AB
Like you I fear failure but hope for the best as I already own RRR shares
The plain fact is, earlier in the week, Bell said he was in the Congo to collect the money Red Rock are legally owed, remember they have already won the court battle for a sum of $4.5m, he said he thought it would be achievable during this visit and added that Gecamines (who owe RRR $7.5m) are ready to pay, in all a sum of $12m.
We are now presented with a photo of a very grim looking legal team ?
The market, which has known about this for weeks is clearly not impressed, they way AIM works concerning leaks every man and his dog would be buying RRR shares if Bell had succeeded in the process, either fully or partially.
I fear Bell will fail and a fudge RNS will follow next week, I really really hope I am wrong.
as it maybe court has ruled in AB faviour. AB seems like besides any abuse. His hand is strengthen. His mind is to do the best for share holders. We are at the start of resolution to this. A team is what is needed to get the best result then I also agree there is much to be gained otherwise why bother doing it.
With all AB's traveling and receiving personal abuse I would agree that there is a negative impact AB personal life
Feel sorry for you if AB is your dad. Ha Ha.
https://twitter.com/RRR_RedRock/status/1537442146487193600
There are 7 people in the picture This illustrates how serious and complex this issue is. This trip not merely "collecting funds but potentially resolving the bigger picture as well as a new property
As always DYOR and note issues may NOT be resolvable in these meetings despite AB optimism
Personally I am like a little kid waiting for parent to get home from shopping trip knowing I am going to get something
see https://www.proactiveinvestors.com/companies/news/984831/red-rock-resources-present-very-good-results-so-far-with-wide-spread-mineralisation-from-mt-bute-984831.html
mostly about Australia -but I think the potentially most market moving news will be Congo-AB is still in Congo,, AB thinks he is getting $ and a property. The property side is probably what is taking the longest AB will want it all properly done and it will be interesting to see what property it is. Listen at the very end where AB snaps back at the interviewer when AB was thanked for his view and he snapped back 'also the view of the court'
https://twitter.com/PowerMetRes/status/1536627030640537601?t=UEb6pgkh4-52bwtIDy0Q2Q&s=19
AB is the one that AB really fancies.
TDT
Daylesford is the one that AB really fancies.
to all
that news is from 2012 but still potentially relevant as a play on iron ore price
this is the problem with any type of initial drilling on a new prospect very very rarely do they hit exciting assays. These results are the typical "interesting' or 'warrants further exploration'
although your title is accurate the body of your text appears to imply that it was sent in AB's role as CEO-clearly it was not. I dont want to debate 3 year tweets other than to note that AB was commenting on another tweet from an author who actually made the comment you found offensive.
Are you suggesting personal tweets (irregardless of their age) should play a role in investing? I know ethical investing has it its place but most ethical investing models would exclude any mining investments. If it is applied to RRR then it should also take into account minority hiring, advancement, role is less developed countries etc The ethical investing models I have seen did not take into account personal tweets but perhaps they should. NB I did not make a comprehensive review of ethical models so my knowledge is limited.
DYOR