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whiteslot bye
Sorry guys i am out out
Yes Beckers 1.25p in Feb 21 down to 0.35 today !!
RRR does move in cycles so a spike on news to 0.6 p is possible but long term trend is always down.
My view is the balance sheet has a key intangible liability missing which the share price is alert to and currently factoring in.
Namely Andrew -
balance sheet category liability
Liability value £2m plus.
Category class intangible negative goodwill.
Seriously I think AB standing down would start the rally we all hope for.
In all seriousness the only thing that will move the shares from the abyss are the following...
The floatation of Elephant Oil with a market value exceeding expectations - could RRR stake be worth £1.5m to £2m or more ?
Getting decent cash out of the Congo legal situation (£2m+)
The floatation of the Aussie licences (NBGC) on AIM with a decent valuation
A JV or some other 'interesting' project related development concerning a third party, corporate activity.
Bell stepping aside and a new CEO or COO of repute joining the company.
All the above could occur near term, the projects themselves are unlikely to generate excitement the market desires, can Bell deliver any of the above who knows.
The sector is still battered, despite all of Paul Johnsons efforts at POW & being a 'popular' CEO, daily aggressively written RNS's, weekly podcasts & media, director share buying, a loyal shareholder base with some 'big hitting Twitter handles supporting him - the share price has fallen from 2.95p to 1.35p in 12 months and cannot rise from the basement currently.
No matter what bell does there will be no decent rise.
Time after time he delivers nothing!
https://twitter.com/pauljohnson9691/status/1513883495915044881?t=9nDapWUkuKw8vT1V6I0iKw&s=19
Very good.
Also half year report RNS should soon be released . Also around this time of the year we often get an RNS to say RRR directors have recieved free shares in their share incentive scheme.
Australian assays this week, maybe?
Not sure how I missed the news on warrant extensions but this rotter of a CEO is trying to fob everyone off by using Covid as an excuse to extend warrants. hahaha you couldn't make this ****e up!
Lofgran is also the CEO of Elephant Oil... filth attracts filth. Of course RRR and AB are involved with him.
Kimi, obviously you haven't read them! I am not going to explain. Read it, don't read it, I don't care.
5 oh. Another bore. What is the point of going over the same ground again and again?
It is not my fault you have the attention span of a goldfish. As to what I do with my shares, what makes you think it is anything to do with you?
TDT and you are such a bore.
Not interested. Read it, don't read it. I don't care.
yes your "research" is repeatedly posting a success headline that takes two seconds to search. It isn't research when you only post the extreme positive scenarios. What was that utterly ridiculous claims figure you anticipate from DRC?
Real research would involve also pointing out the failed exploration in the surrounding areas or the cost of exploration and development for Prospect Resources to get it to a saleable state. But no, gotta get those likes yeah?
Hope AB is paying you well.
Helpful you will not enter into discussion on the salient points raised because you know Bell said them and you know he has not delivered in timeframes he himself made, in fact he has not delivered at all.
The strangest matter is the major investors stopping Bell from raising cash without approval at the AGM last year but now allow him to do it without permission when the share price is 70% lower at this years AGM - it simply makes no sense, but no explanation Helpful ?
As for being "happy for how thing are going" you could not make it up, how can anyone be happy when the share price has fallen from 1.3p twelve months ago to the current .37p bid - but Bell 'promised' 2021 would be the year of a 'material re-valuation' of the company, his words during that Stockbox interview early last year.
As for links to articles concerning other companies & projects, totally worthless - no-one is interested, you see Helpful you have been found out , value creation is the last thing that bothers you, in fact the further RRR share price declines the more you seem to like it - very strange indeed.
It's gone VERY quiet concerning the cash compensation in the Congo, what do you say Helpful ?
Tell us Helpful just how far has Bell got his arm up your arze because with every post you come across more and more like Bell's glove puppet.
TDT
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