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Do the bears on here like 'humble pie'???
Unlikely but lets wait and see ... only 1 trade today too
So two trades, spread 15.385%.
Looks like the market is waiting on confirmation and doesn't want to trade.
🤞
BB
As ever you have distorted my reply to Helpful to suit your agenda, do I believe there are naked short positions in RRR equity by parties close to the market answer is YES !
In respect of the DRC, as I pointed out the counter party wanted to bag all the money for themselves, that has now moved on, it seems the counterparty now wants their money just like RRR, it appears that minority interests are trying to bag some of the cash (Bell mentioned the counterparty solicitor for example) I think we may be close therefore as these entities can be brushed aside quite easily IMO.
Where Bell fails woefully is his muddled communication and yes there has to be some timescale for him to be judged or he can play the DRC cash card forever.
IF Red Rock had a competent and focussed CEO then there is significant value in the portfolio, it is crystal clear that Bell is not the man to deliver value and change is necessary, Bell is no spring chicken, he also owns 40m RRR shares which cost a darn site more than the current and pathetic 0.07p so maybe one last swansong and he goes, who knows.
The fact that RRR is only valued at option money means that just ONE decent event and it could multi-bag, that is why the proposition around current levels is a good one.
Https://twitter.com/jczuleta/status/1770336930623893719?t=p5eHSJgBmDw9gL0QqgL3Xg&s=19
DYOR
Https://twitter.com/jczuleta/status/1770358111968071904?t=cSW9dnHoGcTais2PLDGSCQ&s=19
DYOR
I'm excited
Mohamnx - Lundy is a real awful individual.
Some really good people on here and thankfully most are waking up to who and what Lundy is.
A privileged insider at best who should not be posting.
From the 16:07 post Helpful/Lundy was left speechless and without a valid response
H50 - Your 16.07 post !!! Wow I had to pinch myself. It could have been me or Dukey or Zumore.
You have finally reached the conclusion most others on here have.
The final small step is to agree there are no posters working with brokers to short sell. It's nonsense. The SP is where it is because of a shocking performance by AB
"Bell has no interest in shareholders other than the special ones" . Could not agree more.
I would love a 7am annoucement for all holders and to be proved wrong.
But that does not change my general view on Bell and the same cycle will continue
This is my understanding of the process
1) finalize and have both parties sign agreement
2) have official stamps on agreement
3) have court recognize and ratify the agreement
My best guess on this would be 3-4 days based on getting in front of judge in 24 hours. This could be longer if changes are made to agreement. Not everyone has access to computer, word processing programs, printers etc. Some countries still use typewriters
4) Take that document to Gecamines and to recognized, approve documents to process for payment
5) Gecamines make payment
AB previously said he wanted to be in DRC when payment was made to RRR
6) with funds in RRR bank account in DRC AB has to arrange for approval to send US funds out of DRC
7) funds arrive in UK
Steps 5 to 7 could take 2 to 4 weeks. Longer if Gecamines has a 30 day time frame to process payments.
In writing that I acknowlege that AB has stated in interviews that payment would be made promptly or immediately. In Gecamines case even if they said those exact words then payment in 30 days would still be truthful
I hope its faster but that a reasonable time frame
Remember in June 2022 he was out in the DRC for 8 weeks but returned with nothing.
So still there doesn't mean he's getting anywhere.
Link here, his reply was 9 hours ago
https://twitter.com/sharedycat1/status/1770046454280630781?s=20
AB still in DRC see his post on X
Helpful agreed There was RNS about 3 years, I think, which was never issued because the NOMAD did not get the translation
Completely missed the point. My point was that RRR RNSs tend to be intra day rather than at 7am and partly/mainly because of the NOMAD. A recent RNS took three weeks to agree and was supposed to be issued at 7am but wasn't; nothing to with RRR/AB.
Anyway, you have a good day. It doesn't matter how close anyone thinks it is, including AB, until it is done, it ain't done.
DYOR
Agreed Folks are really clueless. It seems like every depressed stock blames 'short sellers' who are breaking the law or playing fast and loose with the reporting rules.
Personally I dont believe any thing about 'unreported short positions'. If true it is a big black eye on this exchange and it should discourage anyone from investing in any shares on this exchange. Shame on the UK for permitting this type of lawlessness
I still believe the DRC cash will happen and still own RRR shares
Helpful
You know as well as I do if Bell had secured $7.5m and 'Mr Cornish' was reviewing the RNS the shares would be flying now, ever heard of leaks. The million $ question is what next ? Bell's silence on X tells you all you need to know, maybe the excuse this time will be the pen ran out of ink, the matter is farcical. Ever since the situation in DRC came about Bell has used it fully as opposed to delivering value from other projects, he continues to use the bucket shop brokers despite them kicking shareholders in the teeth every time.
History tells you Bell has no interest in shareholders (other than the 'special ones') so what comes next, Bell could not sell an asset even if they were in the form of gold bars, he would find some stumbling block, he always does.
In all the situation is pathetic, Red Rock equity is comatose, you Helpful are here every day posting links and irrelevance's all the time knowing the real problem lays at the top, you and your chums will not remove him, you argue he is needed to secure the DRC cash, every day AB stays he destroys value, the market has lost total confidence in him.
Over the 19 years Bell has been around he has raised north of £40m and we currently have a £2.5m company !
Folks really are clueless over market matters, how often do you see post on bulletin boards from individuals saying this or that stock has no short position because this or that website says so. Its rubbish !
Lets make it clear, the short positions are held 'inside' by market entities, namely brokers/market makers, they never declare, in some cases they can legally be short in other cases they ignore the 'rules' and play fast and lose.
So Red Rock is valued at a few £ million, yet PREM who are in default of a $30m prepayment and have not sold a molecule of Lithium, could also lose their Zulu project as a result sit at a £80m m/cap - go figure, is the market bent, you bet it is.
Re RRR short sellers
This is from the exchange
"There are currently no open short positions in Red Rock Resources."
IMO they are so short right now that they would just about squeeze under the bottom of the door, got to be NT to buy any at the moment surly ?
anyway we will see if CD1'' got it right tomorrow...
Maidit What's going on? Last week you said Friday (last week). Now its Wednesday?
You continue to set up the market for disappointment. Are you a short seller?
Well someone did say WED, he could be right, as the volume on the buy side does not seems to be stopping
GL
'If' as always, it ain't done till it is done. I said intra day because Mr Cornish doesn't seem keen on 7am RNSs.
Fingers crossed 🤪
Helpful 'Good luck on not missing out too much if an intra day RNS comes out today or tomorrow.'
Sounds like maybe you know something??? Let's see.