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Sorry but I am not interested in what you think.
I did some research on ZIM and Prospect Resources and posted it without comment. If you read it, you might understand it. I have never understood why people aren't interested in information about the company they are invested in but each to their own.
I am not going to draw the points out of it for you nor am I going to explain how the salient points affect ARL/RRR.
I am more than happy with how things are going. If you aren't, sell your shares and move on.
DYOR
Helpful why don't you give it a miss, it matters not what you post, it is evident that Red Rock is a busted flush until Bell delivers something meaningful. We are stuck with him, he belittles those who voted against him and seemingly has the support of supposed major shareholders who clearly like loosing their money.
What is the point of the major shareholders blocking Bell's ability to issue shares at will at the AGM last year but now allow him to do it this year - do the major shareholders have a explanation to that question ?
In the meantime...
Let us have the IPO of NBGC (which he said would be in Q4 last year)
Let us have the IPO of Elephant Oil (outside his control but late like everything associated with Red Rock)
Let us see the cash from the Congo, in a interview on Stockbox Bell said they have staff working the legals to ensure we (RRR) get paid, weeks later he said that we may not get paid but get other licences in compensation - no thanks !
Let us see a JV or deal with a major or mid cap in Kenya - Bell seems to think there are 2m ounces of gold on the licences - the market thinks not
Let us have a JV with a US entity concerning the lithium licences as Bell suggested - will it happen, given Bell's form not likely
Let us have the material re-rate of Red Rock equity that Bell 'promised' in H1 last year
Let us have new management that Bell 'promised' would be appointed to market the company and deliver value - never happened did it, what about corporate governance issues as mentioned in the last two RRR Annual Reports
Let us see whether Bell keeps his word when he suggested in a Stockbox interview in Q2 that RRR would only raise cash via equity at a price considerably higher than the .95p at that time. What do you think Helpful ?
The list goes on, Bell belittles his own shareholders who have lost fortunes and even ones who have bought what Bell said are the lows are now loosing money, is Bell heading to First Equity to see Mr Robertson shortly Helpful ?
In the meantime we wait in the promised land for a material event via RNS - like a mirage in the desert !
The problem is bell has in my view compromised any profit by aquiring assets in Burkino Faso,Ivory Coast,Cameroon and the DRC also embroiled the compny in legal actions al over the place-war zones and the losses incurred in those unsound investments will be used to offset any profits.
He has lived a high lifestyle without returning a single return to shareholders in all the years he has been in business.
18 of 20? companies he has been involved with have closed.
His aquisitions policy has a measure of desperation which has clearly put shareholders money at risk-In my view exceediing the duties of safeguarding investments om behalf of shareholders.
He was asked to leave POW before he was pushed.
He has delayed the accounts in the expectation of Elephant listing and being able to cash in those holdings-
Some small hope-
If he does not get the money together for his obligations to JVs etc., he is liable to face cash extinction-unlikely as it sounds as he could raise money at a considerable discounted sp,via consolidation and issue.He has also been selling down his companies investments possibly with a view to also protecting his pay cheque.
bell has a track record of failing to deliver and has yet to produce anything that says different.
As has been said a traders paradise not for future investment but a straight gamble
My opion is-it would be difficult to find a broker who would recommend any private investor to place their money into Bells hands without fear of being sued.
When is someone going to buy what we have for top dollar?
https://www.prospectresources.com.au/resource-and-reserve
https://africanminingmarket.com/prospect-resources-acquires-step-aside-lithium-mine/12764/
https://www.prospectresources.com.au/sites/default/files/asx-announcements/61085473.pdf
They have sold Arcadia, which is in the Arcturus Greenstone, for USD377.8mil.
ALR has applications in the Arcturus Greenstone near to Arcadia. Prospect has bought another lithium asset in the Arcturus Greenstone post the sale of Arcadia.
DYOR
My word, Andrew bell is really running up those air miles!
I have made the point here on a few occasions that the single most significant set of stats pointing to RR's finances are the Heathrow passenger traffic figures. Those figures for March were published this morning,and, despite the gloss put on them by Heathrow , they are well down on the last "normal" year. that is 2019.see table below(in millions)
MAR 22 4.19
MAR 21 0.5
MAR 20 3.1
MAR 19 6.5
Year to date
2022 9.6
2019 17.8
so heathrow is running at just over half its"normal" capacity(and still seems to be chaotic!)
the net effect on this is that RR's next results are likely to show projections for civil aerospace revs at significantly below £4bill pa and total revs below £10 bill for the year. whether sensible or not, the market may well take fright (so i'll probably add!)
https://twitter.com/LithiumIonBull/status/1512785831668469766?t=4003-ngFrphQkDz14vPk2A&s=19
I actually rang and spoke to AJB...and told him how he had lost me about 97% of my investment (CORE HOLDING)...didn't tell him about my trades though.........(RRR had done me proud on volatility)...it was in the days that GGP were starting to explore Havieron....so he was relieved that we had a balanced conversation....I let him off....but I will never invest with him again! Fullstop.....gla
Use it to make money. Win for everyone and you-Lose it, loss to everyone but you.
Thanks Zumore,
I feel for the guys who have lost money here. Sometimes humour lightens the load a little.
AIM has many stocks with "goals" that are never achieved, however the board keeps on drawing nice salaries.
I too have invested in such companies ,and got stung ! In my experience over the years, these companies get a "rampers spike" every year or two. That is the time to exit and claw back some return.
After 22 years one could reasonably expect the company to be much further along the development course than they currently are ! Indeed they still seem to have their leg caught on the first hurdle. DYOR and all my views of course IMHO.
Alll the best
JAN
And January2 your post was amusing.:)
FFS can you imagine if Andrew Bell and Red Rock are still loitering around in 5 years. It will be almost 22 long years since they first listed.
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/admission-to-trading-on-aim/200507290830034489P/
Above is Red Rock's first RNS and the RNS ends with these ominous words:
"The Directors believe that further funding of the Company will be required as work progresses"
I don't think you understand !
The company's strategy is to find good quality mining options with high grade yield possibilities and THEN find a wealthy partner to pay for the new mine and production, while keeping a reasonable slice (percentage of the business) for RRR.
Now the first part is the easy part. RRR have some good possibilities. The very HARD part is finding the Partner to pay for it for you !
Now Let's be fair guys they need more time ! . We should keep funding them for another 5 years at least. Finding wealthy partners to pay for it all, takes a lot of time. Let's ensure they stay employed and are comfortable.
Oh, bye the way. The strategy that I outlined has dual uses. It also works ON YOU TOO. We find the possibilities and you lot (shareholders) pay for it ! You keeping paying us and we will keep looking for a partner !
DYOR, just my observations and thoughts of the strategy, IMHO.
reemit , wasn't auntie ettie was it? mr end was predicting rrr to be a £500m company about 12 years ago lools. Then calls victims stale bulls. still he finds more saps. like a posh sgnt Bilko said, stick your head out of the window and say bah and I will know you are ready for a fleecing .
Don't hold your breath. Bell has had almost 2 decades to develop an asset to generate any consistent revenue at all and failed miserably. The modus operandi is to hype up a project, poke a few holes, raise money and dilute shareholders ( who gives an F about them?), mention that a few more holes need to be drilled before sale/partnering/production, quietly lose interest in said project and then poke a few more holes in a different locale (pick any African country) and then hype that as the next big thing.
The company spends circa 1.7m per annum.
How much cash are they holding now ?
Will they need cash in the next financial year ?
Any likelyhood of revenue from somewhere ?
Will they need to raise funds ? Share offer ? Dilution - or Cosolidation then dilution ?
Projects in Kenya. Australia , Elephant Oil, Mt Ida royalty and others. Maybe just maybe we might get 20% of our money back.
Reemit join the club re losses. One poster on here reckons our DRC claim could be worth hundreds of millions. We shall see.
that chart is starting to look mighty familiar. The chancer is still sucking newbies in. shocking !
Well done , you finally got the price you were looking for. You might even be able to add a few more next week at an even lower price. Onwards and downwatds, eh?
No
Went through at 3pm ( D ) 0.37p been trying to get that price for a week
Of late AB came across very happy with all his projects. Not reflected in the SP? Can this man ever be believed?