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Has AB ever bought RRR's shares in pension before? or even his personal account? AB's historical buying/selling of RRR's shares and the subsequent RRR price in the 3-6 month period following such an event would be interesting
To revert back to Bell's purchase of RRR shares
The implication is that AB should have been sacked during his 17 years of abject failure. Not that he should work for free because he hasn't delivered anything.
I love how the past is irrelevant to you. When it comes to management, past performance is most definitely a guide to future performance.
Welcome to the AIM cesspit.
sorry you have difficulties following thoughts and/or ideas. I will try to rephrase
I responding to the comments-AB is getting paid for failure (either 15, 17 or some other number is not relevant)
The implication is that AB (or anyone really) would only get paid if the company is successfull. Does that really happen? Musk for Telsa took a bunch of options instead of salary but he was able to do that because he already had lots of money
As to the buying shares is a strong signal I can only once again refer you to published reports on insiders buying shares. Those are generalized opinions and obviously there are numerous examples of insiders buying and the share price still goes down.
I am an AIM newbie so perhaps you can explain why an insider purchasing shares in NOT a positive sign.
IMO all of this is just noise. As stated IMO I believe AB thinks it will go up and is positioning his pension plan. AB might be right or AB might be wrong. Time will tell.
IMO RRR is a speculation (like most AIM shares and most TSXV shares) I think it go up and own shares
DYOR
"there is only one reason to buy (insider) thinks it will go up ('strong ') signal " - (Aim newbie, Aug 2022)
No idea what the other waffle about working for free was about, but I'm sure you're glad it's off your chest. I think you may have even contradicted yourself - all a very confusing garbled mess. Also didn't realise that AB has had no wage for 17 years.
LOL IMO he is simply lining his own personal pension plan for future gains.
to your other points- yes anything an insider buys it is a 'strong' signal and any time a insider sells it is a weak or 'mild' action. There are published reports for the reasons behind this but simplistically there is only one reason to buy (insider) thinks it will go up ('strong ') signal and multiple reasons why selling is a 'weak' signal- need for cash, pay taxes, bills etc, reposition investment portfolio, frequently insiders get paid in shares as compensation but they need to sell to have cash etc
I am constantly amazed at the attitude that an insider (officer or director) should basically work for free or with approach that the company is doing bad so they should not get paid.
I know I would work for those conditions. How many here would continue working for a company that say sorry you dont get paid because the company is not doing well?
It bears repeating that AB has support of the major shareholders (at least for now) but this is subject to change.
IMO complaining about past is not relevant to the current and/or future issues.
By all means sell RRR and eliminate this negatively from your life
*17 years.
Was he hoping for a rush of buys off the back of his pension purchase to dump his holdings into?
I guess these sells are only "mild" actions but the buys are "very strong" actions. Comedy show.
Why sell any AB ? IS the salary for 15 years of failure not enough ?
To me there is a difference between words and actions. In this case AB bought RRR shares in his pension account both the buying and the buying in his pension account are very strong actions.
"Just shows how little trust there is what AB says anymore."
You'd have to go back a long way to find what little trust there has been in AB and even that wasn't around for very long.
TDT
Even with AB buying shares we do not have lots of people buying here. Just shows how little trust there is what AB says anymore.
AB purchase of RRR shares is consistent with the last RRR RNS and upcoming arbitral award .
An award at least equal to current market cap should double the current share price with more awards/litigation to come of 10x? (or is that my wishful thinking?)
Andrew Bell purchasing a net 8.5m shares around 0.52p must send a positive signal, AIM executives rarely throw their own money down the drain, must feel positive concerning upcoming events.
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/director-pdmr-shareholding/202208081017172508V/