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And will we get the Migori drilling RNS to make it a hat trick?
The RNS is effectively saying that we have cobalt. The hint is that they state that they have found heterogenite. Better to find cobalt than copper though likely both are there. It seems we might have cobalt at shallow depths and copper deeper.
https://www.mindat.org/min-1885.html
DYOR
AB cannot even check his RNS for accuracy before releasing it. From memory he has made this mistake before. He never ever learns from his mistakes.
https://twitter.com/pauljohnson9691/status/1424645355921104903?s=19
Talking about RRAL rns only said "possible listing". Plus if that listing happened they now want it to be in London.
Let's be brutally honest with someone with the awful reputation of Andrew Bell you would want his new listed company to be in a country that as never heard of him. That way you would probably get lots of naive investors investing in RRAL. However listing here most know of Andrews stinking reputation and so I reckon it wouldn't appeal to many.
Also Red Rock is not a sob story. Andrew isn't unlucky. Andrew builds up the hype and it almost always fizzles out to losses and disappointment for PIs. And I would say "sack him" but I'm not convinced he's built much here except huge debt and overhyped projects. So any new person would be left with an hopeless task.
As usual the commentary in today's RNS concerning the JV is far more positive from Paul Johnson at Power Metals, it appears the market has missed the statement concerning extensive gold mineralisation ......
'The Joint Venture's technical team have gathered extensive evidence of gold mineralisation including several high-tenor kilometre-scale anomalies along strike and to the south of the Ballarat Gold Mine'
Has Bell Boy been on the MCR sherry?
Has Bell Boy been on the MCR sherry?
Best to read the POW RNS too. Much rampier and the covers the "and so?" bit much better.
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210809:nRSI9288Ha&default-theme=true
Yes it is interesting except the main man predicted 2021 would be a transformational year for Red Rock, it may still happen of course but the share price fall is anything but transformational so far.
The fall from 1.35p has been on very low volume however, in line with sector performance, with so much news due one suspects the floor may be either in or very close to base.
Let's see what news is forthcoming over next next month of so, the tone of the recent interviews are bullish to say the least.
Probably another 3 to 4 months until this drops back down to where it was before the current bout of irrational exuberance took hold.
Then comes the pump before the next placing courtesy of some wonga outfit.
TDT
Buying at any price was a serious mistake, and not just in timing.
He sold at 0.4p, it went to 1.2p not long after and now is just under 0.7p. That doesn't look like good timing to me.
I do wonder if AB will ever deliver.
https://www.rns-pdf.londonstockexchange.com/rns/9561Z_1-2020-1-15.pdf
JORC resource 2019 233,000 ounces at 1.6 g/t. All inferred in the oxide. 32,000 ounces in the sulphide at 1.8 g/t all inferred.
https://www.londonstockexchange.com/news-article/RRR/mineral-resource-update/14875664
Mistake to sell out at 0.4p!
DYOR
https://twitter.com/TereaAfrica007/status/1423179022100484099?s=19
RRR's Au g/tAu in Kenya et al No comparison........
· 49m @ 15.55 g/t Au
o including 8m @ 89.12 g/t Au from 99m in hole SC0484
· 32m @ 7.83 g/t Au
o including 4m @ 53.86 g/t Au from 45m in hole SC0488
· 12m @ 6.37 g/t Au
o including 5m @ 14.17 g/t Au from 95m in hole SC0485
· 32m @ 3.25 g/t Au
o including 4m @ 10.18 g/t Au from 72m in ho
It's about time! How was AB listed as an Independent NED after his long standing relationship with the company? Also laughable that he was part of the remuneration committee.
About time the shareholders started breaking up this old boys club. The corporate governance is non existent - just like AB's ability to carry out an iNED function.
From recent AGM
Resolution 4: Re-election of Mr. Andrew Bell
“That for the purposes of Listing Rule 14.4, clause 6.3(b) of the Constitution and for all other purposes, Mr. Andrew Bell, being a Director of the Company who retires in accordance with clause 6.3(b) of the Constitution and, being eligible, offers himself for re-
election, be re-elected as a Director of the Company.”
12
FOR 295,449,795 = 21.24%
AGAINST 1,090,281,003 = 78.39%
ABSTAIN 2,034,708 -
OPEN 5,195,684 0.37%
..........
I vaguely recall when he got ousted at Star striker he quickly sold Red Rocks shares. So let's see if he holds onto to the Jupiter shares.
Well, I've been in hiding for a while, enjoying life without stress. How's things at RRR, is AB still alive? Is he still up to his old tricks? Well, I see RRR is still a listed company so I guess the board have been milking the cow, the udders will be sore by now though!
https://twitter.com/TheGeorgeRoach/status/1420393588463177733?s=19
Quarterly update out overnight on ASX.
Borrelli is currently listed as Secretary of Kendrick Resources (was BMR until name change earlier this year) and holds 500K shares according to the latest accounts. All in the public domain.
Be very wary of the ex Berkleley Mineral Resources board member.
Any company can make mistakes or be unlucky but when what happened at BMR in the last 5 years plays out it makes you realise how things can materialize behind closed doors and the shareholder can do absolutely nothing about it.
BMR should never happen again but until some kind of regulation is put in place then I fear it may.
Good luck to you all.