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And you are a pompous gonet.
I am not allowed to post anything that has been published by people like the FT and Bloomberg because you don't like it?
What it was confirming is that there is an issue with physical copper at LME because of user/investor demand.
https://tradingeconomics.com/commodity/copper
BTW the only way to verify a chart is to have the original data set.
Door handle.
Posting something you can't verify but which confirms your narrative is your stock in trade Helpful.
TDT
Why not take it up with publication and the author?
I missed the bit where I claimed to be the author or that I agree with every single word in it.
https://www.ft.com/content/8f80e1fa-562c-4a1d-907d-ff53bf305a0
https://www.bloomberg.com/news/articles/2021-10-19/trafigura-played-key-role-in-draining-lme-copper-inventories
Door handle
DYOR
"Copper is the new toilet paper, hoarding is one reason LME inventories at 47-year low"
It makes a good headline Helpful but its simply not true. Copper inventories in the LME were lower in 2008. In fact they were lower than they are now as recently as May 2021.
TDT
Things are going well, as will become apparent in due course.
He has given plenty of hints but of course the nay-sayers refuse to listen and then claim it is all lies anyway.
Eventually even the nay-sayers will have admit they got it wrong.
Probably, the most undervalued company on AIM.
Did you pick up that he said a new CPR had just arrived on RRAL/NBGC?
Now why would they need or want a new CPR? CPRs cost money, why spend the money for no upside?
A lot of news incoming.
DYOR
Bell suggested they are interviewing a high calibre CEO or COO for Red Rock, this could be a game changer, Bell refuses to accept that the market has no confidence in his personal ability to deliver value.
The situation is slowly changing at Red Rock, it is clear the large shareholders are pulling the strings, this can only be beneficial, the AGM will be a litmus test.
The current value of Red Rock seems too low, one suspects a few may decide to dip their toes back into the stock given upcoming news-flow and the AGM timetable (Jan/Feb)
The poor sound quality and therefore lack of clarity makes it easy for Bell to claim he didn't say what you thought he said. Plausible deniability from the least plausible CEO on AIM.
TDT
Andrew was asked about funding. He said that the biggest funding requirements were up until November. He suggested Red Rock would have no problems paying.
I'm going to guess he meant the $2 million loan facility that was mentioned in last year's final results RNS. That RNS said they had at that point drawn down $1.4 million and the loan was secured against Jupiter and POW shares. Extract from RNS says repayments would begin in June and so 6 payments later would be November:
"The notes carry an interest rate of 10% and come with a 7.5% implementation fee and are repayable over a six-month period starting in June 2021"
Then around 1 min 30 seconds on video he says "we are operating well within our facilities"
So I wouldn't be surprised if they have been repaying back the loan facility and so they have been rewarded with a new loan facility. Of course pure guesswork by me because of course Andrew doesn't instantly update via RNS when he takes out these new loans. So like last year maybe the end of the year final results RNS may reveal if he's taken out a new loan facility.
Unfortunately the combination of the buzzing along with Andrew's voice meant I could only tolerate watching 2 minutes from the two videos.