Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So after all the bluster and endless paid interviews we are at the same situation where more drilling is required. Same old story every time. It's a sad state of affairs when the biggest crystallisation event on the horizon is a hopeful settlement in the DRC (of all places).
Don't be fooled by Bell's top cheerleader on this board - the guy needs to depart. 5 years of failure shouldn't be rewarded with another term leading this company, let alone 16/17 years.
I'm sure he'll use the excuse of a weak market now for the lack of IPO's even though all manner of cr4p was floated last year in a massive IPO boom. AB just wants to potter around poking holes in the ground, he has no interest in creating shareholder value.
I thought that was pretty clear. AB said there was more gold and there is. Time for RRR to get a partner at Migori.
DYOR
Well it will be interesting to hear what Bell has to say about the drilling campaign in Kenya, he suggested last week these results were delayed to impress two entities, the retail investor and larger mining companies who he wants to JV with.
Like everything with RRR noting is ever clear except Helpful who continues to post with carrots dangling on a stick, one day something positive MUST happen here but when ???
i wonder what 2023 will bring.......... anyone want to hazard a guess???
Directors with big salaries (seems to be a trend with a lot of these AIM companies)
More drilling results, mediocre at best and we can look forward to the remainder of this year being taken up by planning for ore drilling and then more drilling aided by external consultants.....
we are making the worlds biggest cheese grater, thousands of holes, 1 meter apart......
i wonder what 2023 will bring.......... anyone want to hazard a guess???
Maybe so but no one else is going to get a result in DRC and thereby enable us to progress against Glencore.
I have been here since the Greenland fiasco and AB has never since then been the man to get us through. He might have tried and been well paid for it too but he never achieves.
When you get awards for compensation, damages and costs particularly for large amounts you should expect the other side to do whatever it can to wriggle out of the awards. Eventually that process times out. Eventually the other side has tried everything and has nowhere else to go but pay up.
Once the first step is out of the way there is the matter of the £15mil still at Gecamines to be dealt with and then the situation with Glencore to be dealt with. Each is a process and we have to go through the process step by step.
I think AB is best equipped at this time to get RRR through the processes successfully.
Once DRC is dealt with then the rest should become clearer.
DYOR
Another week passes and nothing material from Red Rock, with only 8 trading days left until the AGM one wonders whether anything will be released before Bell faces a shareholder vote to retain his position.
I have lodged my vote against Bell, Borelli and the authority for Bell to be able to issue shares without shareholder approval - voting against resolutions 2,3,5 & 6.
Noticed that the last year similar AGM resolutions were withdrawn before the meeting, presumably actioned by the major shareholders, the question now, are major shareholders going to vote against near certain dilution if Bell gets his approval, one wonders if Bell has canoodled Helpful and his chums this time around ??
Helpful seems to have gone quiet recently concerning the AGM, last comment concerning placing authority was months ago when he implied Bell would not gain approval from the major shareholders, so what do you say now Helpful ??
One suspects that many Red Rock legacy holders read this bulletin board, some may have decent stakes, my bet is there will be a large vote against Bell remaining in office, the Bell discount on Red Rock equity has remained in place for years, surely enough is enough.
Bell has not delivered the changes he promised last year, he still sits as Exec Chairman and CEO something which the last two Annual Reports stated at poor governance, he said that would change, he has also failed to address PR which he openly admits he is poor at, promises that 2021 would be a revaluation year for Red Rock (a claim he made in March 2021) have come to nothing.
No JV's, no asset sales, no cash received from legal claims, no IPO's, no re-rating, no transformational year, no resource upgrades, no revenues, no new CEO or COO as promised, the list is endless.
Over to the shareholders !
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DYOR
"So what do you make of that?"
What you make of that is Bell doesn't give a flying kcuf about the rules. If there was significant good news in the pipeline Bell would have bought more than 2m. A 2m purchase, at current prices, is only £9,000. When you set that against how much he's siphoned off over the years its little more than the last dribble at the end of a very long P.
TDT
It's either to buy himself some more votes or a pathetic attempt to ramp the shares. More concerning is the tweet a few days ago-- "RRR is analysing its Kenyan gold results with experts in order to present clearest picture. You only get to announce something once."
Of course, unpublished price sensitive information restricts directors from dealing in their own shares. So what do you make of that?
Andrew Bell finally putting some money back into the pot. Slight criticism not the best time of the day to issue a RNS.
https://www.lse.co.uk/rns/RRR/directorpdmr-shareholding-6e6y3numcxlosvk.html
Good to see Mr Bell buying 2million shares in the open market ;-)
Robins saying "gullible" was probably naive of me. I mean 'helpful' is Stephen Lundy who runs Bespoke capital solutions. That company have arranged loans for Red Rock in the past using some of his wealthy clients. I believe the present largest shareholder is his client.
So his company offers it's services to Red Rock. Is he also paid by Red Rock (or in the past been paid) to forcefully direct the correct Red Rock story on this thread? To me that seems highly likely.
Helpful or Stephen do you get paid by RRR to post on this thread?
Or are they intertwined as one?
When i first invested in Red Rock in the summer/autumn of 2013 it's highly unlikely i was heaping any praise upon Bell. Even back then i believed in deliver in what you say and if you let shareholders down and don't deliver then fall on your sword in disgrace and resign.
The astonishing thing about you compared to most shareholders is that most shareholders incredibly quickly work the leader out, you on the otherhand are still believing every word.
GULLIBLE!
Further confirmation that you are a nasty little individual with a fixation.
Why not tell everyone about all the ramping you were doing 10 and 12 years ago when you thought that Andrew Bell walked on water?
Not much to said at the moment, we are just waiting on a few things dropping into place shortly. We all know where we are up to. AB gave an interview the other day explaining the delay on Kenya and where he is up to on other stuff.
On Kenya he says he is actively looking for industry partners with standing: he thinks Kenya is a Tier One asset. That should tell you that Kenya drill results are good.
DYOR
Can you imagine some of his clients investing in RRR on the back of his recommendation.
Then they realise that the expert who recommended Red Rock is actually the numero uno ramper on the Red Rock thread.
Their hearts must sink a little at that realisation.
Well i struggle to feel any sympathy. I recall him laughing at others who had lost in RRR and he said it was there fault if they had invested in RRR in a downward cycle.
He is supposed to be the expert who persuaded his big shareholder client to invest in RRR. No offence but who would recommend for sonebody to invest in Red Rock?
If they are an expert they should be struck off for giving such recommendations.
Zumore,
He’s realised he’s been done over by Bell, like every other investor unlucky enough to have ever invested in rrr.
Has been ramping Red Rock relentlessly for a good five years. Yet of late he's eased off and gone suspiciously quiet. Does he and a few select others know something the rest of us don't?
Reebmit, it always ends with the same conclusion, holding or buying more isn’t either of them.