Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Why do you keep posting information about copper and cobalt? We all know they are important elements in the manufacture of traction batteries but with this company's history of cocking up projects they will be of little use to the ordinary shareholders.
https://twitter.com/CopperBullish/status/1079492931357011968?s=19
https://twitter.com/ChartMill/status/1079175455553609730?s=19
https://twitter.com/realDonaldTrump/status/1079045134061371392?s=19
Why don't you post on Pere anymore?
https://twitter.com/AmberMining/status/1076930590476300288?s=19
I have a life.
Anyway, seems like someone has been buying or closing a short. A lot of small trades today. I can't see that RRR has been tipped anywhere.
Helpful?
Given up his campaign?
I find this perhaps the most disingenuous statement from that little missive of nonsense:
"If we can achieve that in the course of the next 12 months, we will consider that the Company has made another great step towards maturity"
Mr Bell, what prey are the other "great steps" that the company has made to date?
All I can think of are ones that have been taken backwards.
I cannot wait for the dividends. How do we allow this double act to continue.
Outlook blurb from Annual Report Nov '18
"Forward Prospects
We look forward to an increasing gold income stream from royalties supplementing our flow of manganese-derived dividends from Jupiter, and hope for profits or capital gains from our ferroalloys business at Steelmin.
Our key opportunities for growth and expansion in the near future we expect to be in our Kenyan and Congolese activities. We shall therefore concentrate on the maximisation, by transactions, exploration, or development planning, of the value of these assets to our shareholders and our share price. In doing so we hope to add profits from copper and cobalt to our revenue mix.
We shall renew and refresh our marketing, public relations, and social media as part of a process of shareholder engagement and regular market updating. As the market recovers, we expect those companies that communicate better to perform better. We shall as last year state the objective clearly: we want to unlock the discount between the true value we perceive in our stock and the market price, in the interest of all our shareholders and to enable the faster development of the Company.
As we raise our revenues and profitability, we shall turn our focus on to how we may best return some of that that value to shareholders. Our next target will be to obtain a level of stable revenue that will permit either share buybacks or a sustainable dividend. If we can achieve that in the course of the next 12 months, we will consider that the Company has made another great step towards maturity: we add this therefore to our Key Performance Indicators for this year and the next.
Andrew Bell
Chairman and CEO
22 November 2018"
Outlook blurb from Annual Report Nov '17
"Prospects
Our historic preference has been for assets near production where we can get a favourable deal by putting in the last, or the strategic, dollar, as with Steelmin and as previously in Colombia. We also favour pre-digested minerals left in tailings, as in Kenya, and now potentially in the DRC. We also seek to work with first class partners on first class assets, as with Jupiter. We will strive to stick closely to these models in looking at potential new ventures.
We must not however lose sight of the fact that we are in a recovering market, with multiple high quality assets in Jupiter and Steelmin, with revenues, and with a presence or opportunity in some of the most exciting commodities to be in during the sector recovery. This gives us a good platform to take the actions necessary to raise Red Rock to a much higher level, and to recover in the good years all and more of the value lost in the difficult lean years.
It has been a pleasure to work step by step to ready the Company this year and last for the next stage of growth. Our motivation is to add value for you, the shareholders, and to repay the trust you put in us.
Andrew Bell
Chairman and CEO
22 November 2017"
Outlook blurb from Annual Report Dec '16
"Forward Prospects
In announcing Jupiter's planned distribution earlier this month, the Jupiter Chairman wrote: "When we took the decision to delist Jupiter in January 2014, I appealed to shareholders to remain invested as we entered the value optimisation phase, so as to realise significantly greater value than was reflected in the then share price. With the mine now well established, and the manganese market robust, shareholder patience is being rewarded." Even today we would echo that advice, as Jupiter pursues strategic options for its holding in Tshipi. Not only is the performance of the mine likely to continue strong, with further distributions probable, but the prospect of a crystallisation event that will unlock the underlying value in our holding has become much immediate.
Elsewhere, we expect significant income growth from our oil and gold interests, and resolution of the issues that had arisen in Kenya. We will also pursue, if necessary through arbitration, the early repayment and conversion of our USD 1,000,000 Promissory Note from Colombia Milling Limited. We continue to review actively opportunities for development that have the potential to add shareholder value. We expect 2016-17 to be a year of significant growth for the business as the sector recovery means we begin to realise the value contained within our existing project and investment portfolio, at a time when increasing revenue flows may be expected to cover and exceed our much reduced overheads.
Once again, as always, we thank you, the shareholders, for your support and look forward to seeing you rewarded for your patience in the months ahead.
Andrew Bell
Chairman and CEO
30 November 2016"
Finally, I thank you, the shareholders, for your support through difficult times. We are confident that we can stabilise and grow the Company while creating shareholder value in the months ahead'
Outlook blurb from Annual Report Nov '15
"Prospects
Since the year end the Company has further reduced its liabilities and has undertaken a further and more extensive cost reduction programme. This programme is cutting costs across the board, sharing or eliminating office costs, and implementing a reduction in staff numbers (excluding Non-executive Directors) of over 80% from the average level of the 2014-2015 year.
We are sorry to lose capable and hard-working colleagues with whom we have worked for some time, as we adapt to the new marketplace. As we go forward now, having divested operational responsibilities and costs for our mineral exploration and production activities, we are looking at non-operator participations in onshore oil and gas projects. These matters apart we accomplished a significant amount during this period. As we rebuild, it is specialist oil geology skills for the particular basins where we may have interest that we may require, and initially it will be more economically effective to bring these in on a consultancy basis as needed.
The projects we look at are now either producing or capable of producing cash flow, and this means that as we look forward at the shape of the Company we want to see our analysis is driven by cost and revenue at the Company as well as the project scale. This is different from exploration, where the cost is simply "whatever is required" to progress to the next milestone or to establish or increase a resource, and is undertaken in the safe knowledge that whatever level of speed or cost is set, our operations and cost of discovery are likely to be far cheaper than those of a major. This cost differential, and the ability to sell on or farm in to a major if one did not self-develop, was the engine that in large part drove the exploration model for juniors. For a number of reasons, that model cannot now be relied upon. Our business has changed, and that means that even as we grow we intend to remain a lean operation that tightly controls costs.
Our announcement of the option over Shoats Creek offers us the opportunity to participate in a project that has low geological risk, low cost to us, and where we can look to early production.
Our new prospective partner there is Northcote Energy Limited (AIM:NCT), a company with which we have built over recent months a solid relationship and with which we hope we would continue to co-operate in this area.
The Company will be open to further opportunities to enhance and possibly scale up its onshore low cost oil production and development portfolio, but no project will now be considered that does not meet certain base criteria. These include early cash flow, low entry and operating cost, low geological risk, high anticipated IRR, and expected positive share price impact.
We will continue to seek favourable outcomes for our mineral and investment interests, including Star Striker, whether through sale or farm-out.
tbc
Outlook blurb from Annual Report Nov '14
"Resource Star, Jupiter, as well as our related companies Regency Mines, Ram Resources and Alba Mineral Resources, have all seen sharp price recoveries as a result (in every case but that of Jupiter) of initiatives in which our management team were prime movers. Red Rock has had the legacy of unsuccessful sale negotiations for two major assets, which has held it back, but the management has a record of successful deal-making. Declining iron ore and gold prices have made it more difficult to progress but we now look to the future with greater confidence, as Chinese growth picks up and gold is so near marginal production cost that prices are likely to increase substantially over the medium term. The process of reconstruction and recovery will extend to Red Rock in the months ahead, and we trust that shareholders will draw encouragement from seeing the progress at these other companies as well as that at Red Rock.
As ever, the support and hard work of our staff has been exemplary and I would like to take this opportunity to thank them.
Andrew Bell
Chairman and CEO
20 November 2014"
Another year gone with no licence in Kenya. Nothing significant in Columbia. Nothing from Steelmin. Good injections of liquidity through Jupiter and Para resources payments squandered on questionable assets and “admin” costs. Andrew Bell and Scott Kaintz continue to be paid salaries with annual increases larger than the uk market average. Who thinks I’ll be able to copy and paste this message again at the end of 2019?
Maybe he is not the "expert" he makes himself out to be.
"and by security over 85,000,000 ordinary 0.1p shares in Red Rock Resources plc held by the Company." It has quite literally been fully disclosed in black and white for years. I fail to understand why you are struggling with the concept of a secured loan Zumore.
...loan. And all of this was properly RNSed at the time, filed at Companies House, and is reported in the ARs on an ongoing basis. Here's one of the original RNSes to help you. --- REGENCY MINES PLC Loan Agreement Dated: 17 June 2011 Regency Mines plc ("Regency Mines" or the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan, announces that it has entered into a loan agreement with YA Global Master SPV Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC (the "Loan Agreement"). Under the terms of the Loan Agreement the Company has agreed to borrow US$3,300,000 from YA Global. The loan carries interest at 6% p.a. and is to be repaid in scheduled installments within 15 months of drawdown. The loan is secured under a Standby Equity Distribution Agreement ('SEDA') between Red Rock and YA Global entered into on 9 September 2009 and amended on 10 June 2011, and by security over 85,000,000 ordinary 0.1p shares in Red Rock Resources plc held by the Company.
As for saying this was "dodgy" and asking "who gave him permission to do it": - RGM own these RRR shares. They're an asset of the company. It can quite literally do what it likes with those shares, including pledging them as security against a l
These date back nearly a decade. RGM took out SEDA loans with YA in 2009 and 2011. Those filings are on CH and made public. RGM owns shares in RRR and used then as security against that loan. Those two charges have now been satisfied, which means YA no longer has any claim against them in event of default. You'll remember RRR doing something similar with YA - the Steelmin bridging funds were secured against RRR's Jupiter shares.
click on share pledge and you see:
.................................
Persons entitled
Ya Global Master Spv Limited
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
85,000,000 ordinary shares of £0.001 each in the capital of red rock resources PLC,all stocks,shares or other securities rights or other property, see image for full details
............................
And on the other you'll see:
Persons entitled
Ya Global Master Spv Limited
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
81,163,341 ordinary shares of £0.001 each in the capital of red rock resources PLC all stocks shares or other securities all dividends see image for full details.
...................
Remember this Andrew Bell's other company REGENCY MINES who have done this.
https://beta.companieshouse.gov.uk/company/05227458/charges
What the hell has Andrew Bell done above? Look at Regency mines on COMPANIES HOUSE website
On companies house website three "satisfaction of charge" were filed on 6th December. (NOTE: RGMs £1.6 million six month loan also ended on that date)
When you click on the link CHARGES on the Companies house website (link above) you'll see three separate SHARE PLEDGE that were satisfied all on 6th December.
SHARE PLEDGE 1: Person entitled YA GLOBAL......Short particulars 100 shares in ORO Nickel (MAMBARE?)
SHARE PLEDGE 2: Person entitled YA GLOBAL .... Short particulars 85 million shares in Red Rock Resources
SHARE PLEDGE 3: Person entitled YA GLOBAL ...... Short particulars approx 81 million shares in Red Rock Resources.
Like i say someone please enlighten me. What has Andrew Bell done? Remember he's doing this in the role of Regency mines chairman. Has he given YA Global tons of Red Rock shares to short Red Rock? Or maybe he's given YA global Red Rock shares for a debt Regency mines owe?
Looks a bit dodgy to me. What's Bell done? Who gave him permission to do this?