Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Ie Red Rock Coal.
So, Mr A. Bell , Chairman of RRR was correct in mentioning SHORTS on RRR ie potentially synthetic type? HawaiiFiveO posted today what Chairman Bell said. So, with Banburyboy appears to be "slipping" out the name ZUMORE , the poster who will "CONFIRM"? Confirm something that is NOT IN THE PUBLIC DOMAIN and DOES NOT EXISTS? See Banburyboy's last post on this forum a few mins ago and mention of YORKVILLE? How does Yorkville come into this and Zumore? All very confusing but did Banburyboy LET THE CAT OUT OF THE BAG? Why? Are these CITY ? Askin. Mon, 1 Apr 2024 Public Holiday and Stock Market closed. DYOR. NIA. ASKING QUESTIONS?
There is NO RRR Coal at UK Companies House nor any such ...as Banbury stated in his earlier post today below.
Banbury I disagree, the actual facts impact the legal implication
consider the meaning of the word you used--
definition of defacto is existing in fact, although perhaps not intended, legal, or accepted:
in particular the phrase 'not intended, legal or accepted''
The creditor of RRR coal might try to go after assets not owned by RRR coal but if the actual loan does not provide for such a claim then it would be up to the courts if they were to allow such claims. Each legal entity is treated as separate under the law. The creditor could also make a claims against a variety of others (such as shareholders) but I would be surprised if the law would permit such a claim.
BanbuyBOY goes -disappears.
Out pops BlueBOY.
LoL.
Out pops Zumore. Is Zumore from Yorkville Advisors per Banburyboy?
-------------SERIOUS CONCERN NOW-------------
Part 2: PUTTING SUCH INFO OF WHICH IS NOT BACKED UP BY LEGAL EVIDENCE AND PROOF appears to be a No No on any forum? Yes, No? WELL, WELL, Now , every shareholder will want action taken POTENTIALLY ===========BEFORE THE STOCK MARKET OPENS TOMORROW MORNING AT 8 AM, TUES, 2 APR 2024.---------I DO NOT HAVE MR BELL'S TEL NO, EMAIL ETC AND HAVE NEVER CONTACTED HIM BEFORE. BUT SOMEONE HAD BETTER CONTACT MR BELL VIA TWITTER ETC AS THIS IS NOW A SERIOUS CONCERN and needs attention. DYOR. NIA. 1 Apr 2024, Mon, Public Holiday and Stock Market closed. P.S. MAKING CONJECTURES is not on if one does not have EVIDENCE. Why? It appears the motive is x or y?
Looks like someone is on double bubble for posting constant today....
Look like the price could have a long way to run, as Bloomberg tonight is reporting that government around the world seems to be stockpiling as a way of beating inflation and that seem to be the reason for this bull run,
hopefully RRR will soon catch up with proceedings, at our 100% owned shortly''
RNS watch again tomorrow L&G, see you all bright and early, i will put the champaign on ice LOL!! just incase we get lucky..
speak soon..
-------------------FAO: Mr A. Bell, Chairman of RRR, Apr 1,2024----------------
Banburyboy has just stated he has been on this forum for 5 years and said he has saved people a fortune a/c to him. But I have actually CHECKED the RRR share chart per Google Finance and this is NOT CORRECT, FACT.
Now, Banburyboy appears to assert WITHOUT A LINK OR EVIDENCE/PROOF of "COAL'S ACCOUNT FILED YESTERDAY. THEY HAVE A £2M DEBT owed by a related party that party is RRR Plc. So, a charge on RRR Coals assets defacto on RRR Plc as they own a £2m debt. As Helpful says NO disclosures at CH yet so conjecture on my part BASED ON PAST FORM I think with YORKVILLE [ Z U M O R E WILL CONFIRM I SUSPECT]." Verbatim from Banburyboy at 19:13pm, Mon, 1 Apr 2024.
Comment: Posting conjectures based on the "PAST" appears to be irresponsible to other shareholders since Banburyboy is NOT a shareholder of RRR. He said he has been posting on this forum for 5 YEARS!!! INTERESTING THAT ZUMORE CAN CONFIRM and Banburyboy cites YORKVILLE -----------SO ZUMORE IS A CITY FIRM AT YORKVILLE.ADVISORS? DOES THE CEO OF YORKVILLE KNOW THAT INFO APPEARS TO BE COMING OUT WITHOUT LEGAL AUTHORISATION onto a public forum? Does Yorkville support what is NOT law ie major can acquire a mining asset which is NOT owned by the seller 100%? Etc. Banburyboy MAY NOW HAVE POTENTIALLY LET THE CAT OUT OF THE BAG? YES, NO? HOW? YORKVILLE? NO ONE KNEW ABOUT YORKVILLE? HOW DID YORKVILLE COME INTO THIS? DOES MARK ANGELO, CEO OF YORKVILLE KNOW ALL THIS IS BEING POSTED ON A PUBLIC FORUM WHICH COULD BE CONFIDENTIAL INFO AND SENSITIVE - it may NOT EVEN BE CORRECT FOR ALL ONE KNOWS. Why? NO EVIDENCE------------OR PROOF HAS BEEN SHOWN? Apr 1, 2024, Mon , Public Holiday and Stock Market Closed. I AM ASKING QUESTIONS ?
RRR Share Price Chart [5 years]: Per discussion by Banburyboy below:
On 27 Mar 2020, RRR share price was 0.17p.
On 18 Sep 2020, RRR HIT 1.05p [rise, then steep rise]. = 6 0 0 %+ RISE . [27.3.20-18.9.20].
On 4 Dec 2020, RRR share price was 0.7p.
On 15 Jan 2021, RRR share price was 1.2p = 71% + [4.12.20-15.1.21].
On 28 May 2021, RRR share price 0.95p.
On 9 July 2021, RRR share was 0.83p.
On 26 Aug 2022, RRR share price was 0.65p. And so forth.
BANBURYBOY>
"IVE HAVE WARNED PEOPLE FOR 5 YEARS AND SAVED THEM A FORTUNE." -18:40pm post, LSE RRR, 1 Apr 2024, Mon.
THE EVIDENCE DOES NOT SUPPORT WHAT YOU SAID?:
If one bought at the 0.17p on 27 Mar 2020 then the rise to 1.2p on 15 Jan 2021 [LESS THAN 1 YR] meant a PROFIT OF + 6 0 0 % OR 6 x plus.!!!!
LoL. So, please leave it to folks what they do as it is obvious the bottom fishers profited in such a mega way? Yes, No? Just check Google Finance RRR.
Zumore will confirm Banburyboy on RRR Coal? Zumore appears to believe that the MAJOR'S LICENC AT MUSONI via their legal team CHECKED and they own it? I say!!!??? Same as AVZ now and a major is trying to develop it? How come it can go to international tribunal in Washington for AVZ's Manolo lithium deposit in DRC IF it is true that the major has good title to it? The case is against Gecamines for AVZ going thru and AVZ has already WON AN INTERIM ORDER in their FAVOUR? Which planet is this on ie IF ONE BUYS 100% OF A NOTTINGHILL HOUSE IN LONDON WORTH MILLIONS BUT HAS NOT CHECKED THAT IT IS NOT OWNED 100% BY THE SELLER [seller only owns 49.9%and there is NO LEGAL RECOURSE? HEARD OF THE BURMESE LEADER'S HOUSE? Her brother wanted to sells the property and the HIGH COURT ruled NO, since he could NOT PROVE 100% OWNERSHIP. My word , what planet are folks living in at this forum to think that 100% of Musoni can be SOLD and GOOD LEGAL TITLE PASSES to the buyer???? What law is this predicated upon?
Spookily Coals accounts were filed yesterday.
They have a £2m debt owed by a related party that party is RRR PLC.
So a charge on RRR Coals assets is defacto a charge on RRR PLC as they would own a £2m debt.
As Helpful says no disclosures at CH yet so conjecture on my part based on past form I think with Yorkville [ Zumore will confirm i suspect ]
Banbury charge against RRR coal. Any charge against "RRR coal' only impacts assets owned by RRR coal.
So only charges against RRR impacts the totality of RRR assets
IMO this is a non issue.
Unsecured lenders to RRR know that RRR has the ability to issue shares to pay off the debt. That is a very practical way for those lenders to get paid. A claim on a lithium exploration license in non UK country would is not what any creditor would want to go after.
That is NOT STRICTLY correct in my view. Why? Read the RRR RNS carefully dated 28 Mar 2024 "1/2 year report [a/cs].
Read carefully the part where it states RRR have "established" ....and which concurs with Mr Bell's tweet/s of 28.3.24. I dont have the RNS in hand so kindly check. It appears that RRR rights are now in "CONSENSUS" per Mr Bell of 28.3.24 tweet & said RNS. It is helpful IF the DRC money comes in. Why? To pay Counsel for some initial work. It is my view but I stand to be corrected that there is NO NEED FOR ANY DRC ARBITRATION AWARD to be made BEFORE RRR can undertake international arbitration in London or Switzerland IF it has been ESTABLISHED UNDER CONGO LAW of RRR's rights. That was 1 of the legal defences DRC used against a oil co. So, that must be ESTABLISHED 101 as norm. Then, there is the matter of looking for MONEY for the international arbitration of which there are co's that fund such legal actions et AVZ given a $20m loan for their int. arb vs DRC for Manono lithium , 1 of the world's largest lithium project.
YES, HELPFUL, I CHECKED THE RRR CHARGES AT COMPANIES HOUSE AND NONE. TO CHECK JUST GO TO COMPANIES HOUSE AND TYPE RED ROCK RESOURCES.
Helpful says
" If you are a holder this man wants to destroy your investment"
Helpful has advised people strongly to buy on all prices down from 1p to 0.0575p over five years.
I've warned people for five years and saved them a fortune. You are the one costing people money.
You really have no moral compass.
Agreed that's the past and it could change but thus far as an investment advisor ( your job) you are the worlds worst.
Assuming of course we know what subsidiary the charge goes through Helpful. They used to be tucked away in RRR Coal.
Very brave to lend to RRR unsecured with those accounts and that balance sheet. Still stranger things have happened.
IMO the points about large claims are interesting but not meaningful right now. IMO they become meaningful only after a successful conclusion of the DRC arbitration. Then a larger claims comes into play at which point RRR will have to engage a law firm to evaluate that claim and determine what is legally possible. (not only the actual damage, but lost profits, unnecessary dilution to RRR shareholders, etc) Can RRR make a claim for those? I hope so. IMO the claim should be as large as possible.
Legal strategy comes into play as some firms may want to avoid including weaker claims, even if they can be made, particularly if there is a history of the court not awarding such claims
We paid 159k in remediation costs in the year to 30th June 23 and 84k in the next six months to 30th Dec 23.
These costs have increased despite the Greenland debacle being 13 years ago.
Not only did the deal not happen.The infamous Cypriot Bank !! But as well as the millions we incurred years back we are having to pay 15k a month fixing stuff in 2024.
This should clearly be shown as a dilapidations / remedial provision and anybody guess how much we owe.
If Bell fell in a barrel of nipples he would come up sucking his thumb :)
A Charge would have to be disclosed at Companies House. As usual Boring Boy just makes stuff up but remember he is an accountant and an NED. LOL very LOL. For an accountant he doesn't seem to know much accounting wise.
The guy is crazed with hate for AB and RRR. If you are a holder, this man wants to destroy your investment.
DYOR
DYOR
Https://twitter.com/jczuleta/status/1774820212900086123?t=A5BTqV1wpBsBZh34H9lhfQ&s=19
DYOR
BANBURYBOY at 17:32, London South East Red Rock Resources stock forum, 1 Apr 2024, Monday [Public Holiday & Stock Market Closed]:
Quoted verbatim from Banburyboy: "MEANWHILE, OUR BENEFACTOR LOANS US 150K A MONTH. DO THEY HAVE A CHARGE ON THE ASSETS? I SUSPECT SO. COULD THEY FORECLOSE AND TAKE -------ASSETS AT BOOK VALUE? POSSIBLY."
My Comment:
Banburyboy: It would appear rather "IRRESPONSIBLE" to post the above. Why? Do you know? Do you have ANY EVIDENCE OR PROOF ? A/c to Companies House for RRR, there is NO CHARGE on the co. Whilst so many talk of ASSETS is of NO USE, but you are stating the OPPOSITE to them? How? That one, could get CASH OF $150K/MTH BASED ON ASSETS?
RRR ASSETS ARE IN THE REGION OF £13M [lower end] vs £1.94m mkt cap of RRR at 0.056p. So, just a $150k/mth loan , say, WILL END UP WITH TAKING EVERYTHING FROM RRR ie assets of at least £13m? I SAY. SOLGOLD has put out a term sheet that in M & A, copper is priced at 0.6c/lb and this is accepted known of FAIR VALUE per M & A metrics. Similarly, if RRR KENYA JORC OF 1.2MOZ is taken into a/c at $30/oz M & A [before gold prices went up],====THAT IS US$36M.-==
TO EVEN SUGGEST A LOAN of $150k/mth for a short time , say from RRR AGM of 16 Feb 2024 to date is 1 month+ of $150k would INCUR TAKING £13M OR US$36M VALUED ON THE OPEN M & A METRICS? Why, there would be CLASS ACTION in the USA I am sure but here, it is like one trader buying a Titanic watch for £10 which was worth thousands -I think there is a legal suit? Hence, why I say, appears to be "irresponsible" to even suggest such a notion of $150k for 1 month =taking $36 MILLION FOR A 1.2MOZ KENYA RRR ASSET WHICH HAS A JORC. Yes, No? 1 Apr 2024, Mon, Public Holiday and Stock Market closed. DYOR. NIA.
Richyrich1
On the subject matter, of assisted dying which A.Bell is discussing on Twitter, it boils down to $$$. I dont think it is passed into law yet here. However, in Canada, one person said the govt offered assisted dying to a Canadian who was injured from the jab? Be, whatever it is, the widow of Drapper, a TV host is in debt to £1.6m due to the care fees of 24/7 and adaptation of the home for Derek. It brings home reality. So, coming back to RRR, is there any other stock in your view that will be a potential riser? Of course, I can count a few that are at their lows but they dont tend to have a JORC asset.
So, for the RRR naysayers here, I take it all of you have $10m in the bank at this moment and therefore too rich and can look ...at RRR and criticise? But for others, the matter is looming with PENSION potentially rising further ie age or means tested. Why? All are unfunded , even in the USA. Hence, if assisted dying comes into law, then unless one has private means it will mean is there a choice left? If pension is cut, what then? Ah, I think A.Bell will look kindly on those of us who dont have $10m in cash in our bank at this moment and need to Buy RRR stock or such like and therefore, we holders ask Mr Bell to do something for those who are in RRR this Easter with thanks. Mon, 1 A[r 2024 ,Public Holiday and Stock Market closed.
Richy - i used to refer to the spinning plates of RRR assets as Steptoes Yard.
The whole lot has been for sale joint venture IPO for the last five years. All evidenced in the annual chairmans statement.
Commodity prices are on the up but that's relative. RRRs assets are not earth shattering hence no interest.
Meanwhile our benefactor loans us 150k a month. Do they have a charge on the assets ? I suspect so. Could they foreclose and take the assets at book value ? Possibly. They need DRC quick and my suspicion is they won't get it. All IMO and DYOR.
RichyRich1
I am NOT comparing RRR to Solgold. Solgold's assets are $150bn. But I was bringing up the principle of ASSETS relative to the mkt cap and their spend on exploration which has been taken to the Balance Sheet. Solgold tweeted themselves that the exploration spend has been OVER $300M USD in a very recent tweet. I checked the BALANCE SHEET and therefore, it concurs.
LAUGH? Solgold also needs MONEY to continue because they only have X $ in cash. What is the difference between Solgold , GGP & RRR - all need funds?
On the subject matter earlier, A.Bell has posted on "Assisted Dying." Bell posted an excerpt from a article. It is not law yet but the main reason is $$, from what I perceive. Yes, it goes back to what I discussed. So, you must have $10m in the bank to be able not to need to buy potential small AIM co's? Ah, then you had better proceed to the BIG BOARD of FT stocks. Us, we need to buy small stocks and ALL HAVE RISKS higher than norm. Who says? London Stock Exchange tells folks what AIM is and the risks.
I was in Solgold as you yourself said given you have seen me. My word, the things folks said cannot be repeated at Solgold in the early days. History now says otherwise.
RichyRich1
No, I am not a student of CHARTS to the extent I follow every 15 min candle etc. That is only more applicable to bigger American stocks if everyone follows that or their algo is based on that. However, algo's I understand follow points of inflection. CHARTS cannot PREDICT the future . Why? If it is drawn to the downside, then it does not PLUNGE all the way. Nor does it go up all the way normally. So, charting, from my view, is HEDGED. If market goes up, one will say the charts say so or if down , so do the charts say so. CHARTS can be just the extension of the moving averages etc.
Does the CHART know about the DRC arbitration ? Does the CHART know about potential DRC international arbitration?
Maybe , RichyRich1, you are rich in your own right ie millions in the bank but this is not norm. CARE HOME fees are £1,600 per week a/c to what I have checked yesterday vs Derek Drapper RIP care [24/7] at £16,000 a month. A doctor said he sold his house, sold his flat, run down all his cash and NO MORE ASSET left and care fees are still outstanding. Dont forget these care homes are not charities and are commercially based , so once money runs out, it is out. Govt cant pay for everyone given it is now know that social security budgets have exceeded x and y. Hence, there is talk which has been known for a long time in the Western world that either pension age goes up or pension could be means tested? So, for many here on RRR, if one could afford it, why not invest in stocks like BHP , mkt cap A$224m with a dividend. I will tell you the reason why. The stock is priced at $44.27 AUD. Even £1,000 will be buying fractions given the mkt cap. So, RRR and such other tiny AIM stocks are a play if one wants to have some potential upside that is not 10% but risk is also much higher for AIM stocks. Everyone has to do what is right for themselves. But for many, we have to look for the GGP's and Solg's of the AIM market. Why? Answer obvious, isnt it? DYOR. NIA. I look all the time and read as many results as possible re: this topic.
Trying to compare Red Rock to SolGold is laughable news!
Red Rock needs the DRC money or it’s going bust unless someone is propping them up.
That’s the reality currently. You can talk up assets as much as you want Red Rock had £82k cash at last accounts.
It’s a joke both you and Helpful are trying to make out all is fine with Red Rock due to their assets!
How many days/weeks/months in past does it become to far to take into consideration?
P.S.
GOLD ROYALTIES CO'S.
You will be aware that Solgold has already SOLD their royalty to 2 co's : One is a royalty deal for $100m by selling 1% of Alpala copper and gold project to FRANCO NEVADA, a large listed royalty co. That is £81m in British £ per reporting. 2nd: Solgold sold $50m in royalties to OSISKO Gold, another big royalty listed co.
This was sometime ago and I recall, all they had was a MRE [lots of upgrades to MRE since then?]. So, 2 big royalty co's gave Solgold $150m USD just to get a FUTURE royalty of some 1% in the case of Nevada for production etc.?
You said there is no value but there is obviously. Alpala is a Tier 1 deposit and will require $1.5bn capex initially and there is NO production etc yet. If according to the views here, then ALL PROJECTS ARE 0 OR CLOSE TO 0, I WAS TOLD LAST NIGHT ON THIS FORUM. Must be the whole stock market is WRONG ------all ANALYSTS will have to be out of a job then. Why? Based on Joe Public different schools of thought of which none concur either ie no set rules etc? Why? No one is agreed what are the rules? That is my perception ?
So, yes, ALL ANALYSTS will agree with HELPFUL -they all share an ACADEMIC background in SECURITY VALUATION , accounting , law etc. Analysts as in WH Ireland that like in the ground valuation metrics and that appears to be what GECAMINES is also predicated upon re: RRR Musoni and RRR Geo's [Economic Geo's]. Everyone cant be wrong , surely? All uni's have to shut down and listen to Joe Public on every topic? Yes, No?