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Banbury says:
"RRR will IMO provide no further update on the 200 tonnes it will be like it never happened. Erased from our collective memory"
...
Yes i suspect you will be correct about that.
Mkt cap of RRR is £2.48m @0.07p. Therefore, 2 times 87 million & 87 million for £65.25k & £63.95k would add to some £129,000. 10% of £2.48m = £248,000 approx. 5% of £2.48m mkt cap = £124k. From the timing of the 2 , 87m trades TWICE yesterday and close together would perhaps in theory suggest a TR1?
The above has just shown up on the London South East trade section dated 25.3.24. This means it is delayed. I tested the trades yesterday and today ----SELLS are in the 0.067p region and to buy at 0.07p+ region depending on time of day but with little variance. Whilst I would NOT like to say unless others have also TESTED live prices many times a day [ I do usually], then the trades ARE HUGE for this stock. Hmmm, delayed trade.
Zumore, thank you for the citation. I am not sure if RRR will be given 3 days to report as a general rule but nevertheless, one will have to wait to see. I know this applies to TR1's but perhaps not for results? News, Tues, 26.3.24. Thank you Maidit308, one can count on you to see the practical etc and for asking Mr Bell publicly about the DRC.
Https://www.lse.co.uk/rns/RRR/asset-review-and-interims-update-25p4idovjx47lf7.html
News, this is an extract from the 24 March 2022 Red Rock RNS which talks about the extra month that was allowed during the virus:
"Interim Results
The Company also announces that further to the guidance published by the London Stock Exchange in respect of the temporary measures for the publication of half-yearly reports for AIM companies pursuant to AIM Rule 18 of the AIM Rules for Companies, Red Rock intends to utilise the additional one month period to prepare and notify shareholders of the Company's interim results for the six months ended 31 December 2022 (the "Interim Results") and will release its Interim Results in the second half of April 2022."
Zumore, I said I would by-pass this forum as only I and Maidit308 are shareholders vs others who are not. But HawaiiFive0 thought I was B, when I was not or ever have been. So, I had to reply. I pass by to read other stock forums on this site. Why unfilter me?
I would like some help from Helpful if he could kindly furnish some gaps ie a thesis must have over-sight from a peer. I have now read both RRR forums on the DRC Award & International Arbitration and here are my comments: [1] RRR would not be legally wise to join with the DRC JV partner to undertake a joint case. Why? Firstly, it involves some initial payment and NO counsel will do anything for FREE [except perhaps a general consultation] 101. Given the difficulty in obtaining payment from the JV partner historically anything to do with $ is better than RRR go it alone. 2ndly, RRR is London listed and a/c to Helpful, under the Treaty of Rome, international arbitration must be heard in LONDON or Switzerland [AVZ's is done in Washington DC for eg]. The JV partner is DRC based. [3] The JV partner's counsel or RRR DRC counsel would NOT be the counsel to undertake international arbitration in LONDON. Why? This is not just some local legal matter but it involves high levels of legal expertise needed ie establishment of case etc and VALUATION claim done by probably a Tier 1 Investment Bank. So, there are a few MAGIC CIRCLE firms in London ie international counsels who are good in this field. I believe Clifford Chance does handle DRC arbitration as I saw 1 advert. Besides, no DRC counsel has the $ or visa long enough to come to London that often? [3] As for the ARBITRATION AWARD that is still outstanding currently, the RRR NOMAD would have seen some BASIC legal documentation at the very least and therefore, hence why they wanted translation from French to English as norm. [4] If there is status quo, then at the 1/2 yr financial report, one should hear more? [5] Even a below threshold short loan to RRR would require some documentation ie can one assume that this is so, in theory? A/c to Helpful previously, the DRC award money would help to provide the intial deposit for international arb. In AVZ's case, LOCKE & CO provided $20m one can see it on Hotcopper AVZ as a ANN/RNS. I prefer to hear from Helpful since he has disclosed he did Finance etc and therefore professional qualified in the mechanics of law, finance, regulations etc. Thank you. Any help would be appreciated otherwise it is one's own chamber. Not being disrespectful to others but the regulatory framework is best understood by those who are qualified and therefore have the technical data etc. Tues, 26.3.24 Not editing for typos.
Agree Banbury, helpful is one of the few, as let’s be honest there is only a few who could still be positive and happy with a continual decline in the SP year after year ! He must be very very good trading ti have never have lost so fair play to him I will give him that !
X3 days left for this week 7am RNS watch, if anyone want to stick around without moaning, as the door is always open for anybody to come and go as they please and try somewhere else that's how the Market works, there is really no reason to sit and wait on any stock, if you miss the first rise there will always be a second chance even if you have to buy back higher than the 0,07 because anything under 1p would still be a good buy IMO when we get the cash news is announce, AS ALL HELL WOULD BREAK LOSE, when AB move quickly on first gold at our 100% own with price looking to break $2600 an ounce by next month...
tomorrow then...
News, i thought you had gone for good so i unfiltered you. In regards to your date query, during the virus years i recall companies had an extra month to release their year/half year results. However now that has passed we are back to normal. So because Red Rock's half year is 31st December that means they have 3 months to release their half year results. So they will be released by at the latest Friday. If not they will get suspended until they are released.
I just checked.
Yep thats what I was thinking, but its @ollocks of course
My guess for an RNS is
Significant progress has been made
RRR has been offered more properties which look exciting
we have reached an understanding with VUP that they will be joining us in future litigation regarding Gecamines (remember VUP sold property for $20 million which was then flipped for $540m so VUP lost out on that extra money as well)
VUPS attorneys will join our legal team and RRR has agreed to pay them an initial retainer of ?????? (wink wink this is the money they wanted now but its not a pay off or bribe -wink wink)
Yes Zumore this is two full year accouts and three half year where we refer to progress being slower than hoped.
Personally for me the holding feet to the fire should be on the 200 tonnes in Zimbabwe. It makes an absolute mockery of the exports RNS and all the other hyperbole re five Chinese investors.
RRR will IMO provide no further update on the 200 tonnes it will be like it never happened. Erased from our collective memory.
Hope I'm wrong .
Red Rock half yearly results must be released by 31 March. However that's a Sunday so that means it will instead be released by Friday 29 March. So if no direct DRC rns in the coming days then maybe he'll give a very brief update in the half yearly.
Me too - I've been waiting months and months for this to turn. What are they doing at these meetings?
Wouldn’t be surprised to see after hours RNS thurs night stating money has been delayed bla bla bla
And Helpful you told this board you have never lost on this share.
Clearly you know [ I should say are told] when to buy and sell.
Every other poster on this board has either an actual loss or a paper loss.
RRR is run for the benefit of the few. You are one of the few.
Why can't you have the good grace / contrition to sit in the background like the rest of your privileged mates and stop coming on here and dragging more unsuspecting posters into this ridiculous share.
You are a really cruel and heartless individual with little or no shame.
Just like Dukey I am here solely out of disgust at a clear insider encouraging the naive to invest. Its wrong.
Dukey, you and the other trolls have got issues. Since 2021 I have bought shares in the market and sold shares in the market; I have converted CLNs, subscribed for CLNs and rolled over CLNs and I have exercised warrants and rolled them over, I have subscribed for shares.
Shares in RRR are tradeable securities, the hint is in the name; tradeable.
As you know in fact, given that you bought, you sold and you rebought but you got it wrong on the rebuy. Only one person responsible for your loss, buy a mirror if you want to track him down.
DYOR
Dukey, why not try being rational? If RRR pursues the claim to court RRR has to make a statement of loss. You are not as dumb as you make out: in your opinion what should loss claim quantum be?
Theeeeduke: The point is you have NOT DENIED what Helpful said that you made good money from RRR when AB was a star but YOU BOUGHT BACK in etc? If that is the case, that your MBO is not one of impartiality as norm but rather may appear to fit into the HEDGE FUND's text of 1 way neg on 1 stock? That is theory as it is NOT BALANCED with ASSET evaluation etc. IF, you had an OPEN mind, you would ask Helpful nicely, about his post and where that figure came from or his cals as norm. You stated you are posting to counter Helpful but that is not strictly correct either, as I was at the backend as well until I brought a status of sense and good conduct. Imagine, after life is over and one cant let RRR go, then , would not it become something one takes into the next life? So much is currently happening and one counts one's blessings that one can still enjoy the sunshine etc? That is why I wanted to stop posting on this forum due to it becoming a way of life of its us vs them, the shareholders who have any positivity --otherwise why hold.? It becomes tiresome, dont you think to concentrate on only 1 aspect. I talk about after life because many NDE say that moaning is a common feature? But one can chose not to think so but it does not change the fact, that it can become a feature of one's life at RRR if posting starts from 4am +.? Would it be considered in any way positive for one's life? I dont know but I dont think so, hence I wanted to NOT post as its getting only 1 sided.?
News, I post to counter Helpful`s absolute shameless ramps, which I believe he does with the sole purpose of luring in unsuspecting Pi`s to buy. The share price is down 90% since he started pumping it, and quoting 4 billion yesterday was comedy gold.
HELPFUL - At any point in 2021 when Mr Magic finished posting, would people have been better off listening to you or Mr Magic in regards to investing in RRR ???
Lets just wait and see how DRC pans out - I said last week I expect AB to come back without the money and another excuse !
Dukey made money back in the day when Andrew Bell was a superstar. He sold out making good money but greed made him buy back in and he gave up his gains: blames AB. His posting is because he is consumed with hatred for AB because he blames AB for his own greed and stupidly.
Way it goes.
Error: Should read, since both of you are NOT SHAREHOLDERS of RRR.. Why spend time posting ?
Theeeeduke: That is much better: "From theeeeduke: .. apparently the co can take out a loan below a certain threshold and not have to disclose it." Duke added: " but know RRR have previously had nasty surprise when they see these loans etc in the FINAL accounts."
My boss would ask me: Have you found out how much THIS THRESHOLD is? It would appear that IF it does NOT have to be disclosed, then the nature of the loan is not what is termed: "SIGNIFICANT" or significant enough to be reported. Yes or No? As for finding out in the accounts [final], why should that come as a "nasty surprise"? Again, not making sense as not having to disclose means it is not of a "DISCLOSABLE" amount? In the commercial world, NO ONE lends without some form of evidence. I said that even the rich classes cant get loans these days and the rise and boom of upmarket pawn brokers in London. It was the news and these look like banks. These upmarket pawn brokers are only by invitation and they take expensive Banksy or Rolex watches from £350k upwards. These loans [or bridging loans] are said to be for school fees etc which is presumed to be private school fees. Let's be more upfront --another poster and your goodself take turns at this same finance angle. Too much concentration and NOT enough of balance. Given BOTH of you are SHAREHOLDERS, then spending time day after day without adequate sleep [posting at 4am+ etc] must have some MBO ie Management by Objective surely? It cant be to SAVE US because one is aware that for ANY STOCK, even an FT stock, it is present as a factor in any analysis, more so on AIM, a more common feature. The London Stock Exchange explains what AIM is about: YOU, FOLKS ARE FUNDING GROWTH CO'S and shareholders are usually HNW akin to angel investors. IF one's analysis says, I think I want to move on, the BUTTON is there to chose to sell , surely or hold? Rather simple?
News, apparently the company can take out a loan below a certain threshold and not have to disclose it. I dont know the in`s and out`s, but know RRR have previously had nasty surprise when they see these loans etc in the final accounts.