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H50 you have been saying buyers have little to lose at these prices for quiet a while now !!!
It may come good but also not impossible we have 10bn shares and a price of 0.02 in a year .
You have been here a long tong time and will remember Bell was forced to do a 25 to 1 consolidation as the SP fell below the share nominal value precluding him raising cash.
He set the current nominal value at 0.01p to avoid lightning striking twice. Its getting closer but the current nominal definitely support a share count of 10 billion. So the ducks are in place for buyers to lose.
That could all change with DRC an asset sale or FASO but none of those three are what I would call nailed on.
The reason the bashers do not post on weekends and reduce posts after market close is simply because they are trying to influence the share price negatively.
Unfortunately we have a CEO (who is also the Chairman, despite Governance issues stated in prior Annual Reports that this would be changed) who has no concern over dilution or shareholders, he failed so miserably in December with atrocious PR concerning the Lithium project, despite him being warned shares were being forward sold at .16/.15/.14/.13p etc, he succumbed to satisfy the short close with a miserable .075p placing.
I have decided not to post so much here until meaningful news, I have not 'backed off' as Boringboy suggests either, I stand by everything I said, it was Andrew Bell who specifically came on here and targeted this individual who operates 24/7 attempting to destroy shareholder value. I do not believe a single word this person claims.
We all make mistakes by investing, I was sucked into this outfit (as was Tom Winnifrith) by a lengthy interview with Bell three summers ago in an online event called Mineprophets, the interviewer was TW himself, he also bought the story and still owns shares. At the time Bell claimed there were many value events ahead at RRR (one was the ASX float of New Ballarat which Bell thought could list at $20m valuation by year end) I considered it nigh impossible Bell would bull**** TW as they are quite friendly and TW is no mug either.
My experience over the years on AIM shows it is possible to trade out of losses, it takes time but it is possible. With Red Rock, from my purchase date, it has been impossible because the shares never rise, currently the stock is option money, no point in selling but you cannot trust Bell not to dilute at any price. This is why the bashers are here, they know he is helpless (also quite useless in delivering shareholder value) and will keep coming back for cash no matter what.
All the above said, one thing we all know is BOD's look after themselves and RRR is on the critical list currently, this could change in a flash, (aka ORR from .07p to .57p in a few sessions on news recently) Bell needs to deliver to protect his lifestyle and the hangers on around him, I deem it likely there will be some form of value event sooner than later.
Time will tell, the buyers at current levels have little to lose IMO.
LoL Helpful. Thanks. Yes, who doesnt know that on paper Migori is the asset with the JORC. But the last M & A was a long time ago when Barrick sold a deposit with JORC. But me thinks that the case is no longer true ie as hot a property now. Majors are heading for Canada and one in particular is the one everyone in the fund biz is watching. in an early copper discovery under a silver deposit. This is in the USA. Paul Johnson is aware hence he has gone for Canadian licences but in uranium.
News, re the accountant who contacted me; I know who he was. He gave me enough information to track him down. I asked AB about him but had no idea who he was. He called me three times. I have notes. He knew about Migori and the name of the individual deposits/prospects within the licences. He seemed to indicate he had been involved with RRR in the past.
Anyway, who cares? I think he just wanted to be paid and, ooh yes, be a director.
DYOR
Helpful
Thank you for taking time out to reply to my question. I too have to come to terms with what has happened on this forum.
I have NEVER seen anything like it in the years I have been on this site. I recall one chap on Solgold. Same like on here with ze leader sort of thing. Today, his tales have now been PROVEN WRONG. Why? Solgold is still around and with a market cap into the HUNDREDS OF MILLIONS. It started out at £8m mkt cap. So, time proves many things.
RRR
Time will also tell. NO, UNFORTUNATELY, CALLING OUT RRR has also come to 0. Why? From RRR AGM, 16 Feb 2024, RRR is still here ie IT IS STILL LISTED with ASSETS to its name. However, RRR MUST be able to continue so that its assets can still continue on the Balance Sheet. SAME WITH ANY CO now.
HELPFUL: Your post explaining was very insightful - you were contacted by an ACCOUNTANT who wanted to take over RRR.===========ACCOUNTANT===========AH. That can be proven in real life. How? If one doesnt know the accountant in question , then one can go to the ACCOUTING BODY AND SEARCH ONLINE for registered accountants as it is with solicitors on open public file. I laughed when you , Helpful said to the chap, HOW MANY SHARES DO YOU HAVE?
Yeah, to CALL AN EGM, one needs shares and a lot is needed. That is company law 101. I wonder if ze leaders here know about how it must go through voting, NOT ON A FORUM to elect a new CEO kinda of thing.
DISSATISFACTION:
Fine, but one must be able to do BETTER. WHY DO THEY NEED HELPFUL ie the Accountant? It is obvious the Accountant does NOT KNOW ENOUGH ABOUT RRR to BREAK IT UP or the PROJECTS IN DETAIL. =============NO, NONE OF THE POSTERS ON THIS FORUM KNOW ENOUGH ABOUT RRR'S PROJECTS. THEY THINK THEY DO, BUT IN REAL LIFE THEY DONT KNOW ENOUGH. Do I have proof? Yes, IF POSTERS LIKE BORING BOY KNOW ENOUGH OF RRR'S PROJECT METRICS, THEY WILL BE ABLE TO ASSESS the asset and its value. Like how? NO ONE WILL BUY ANY PROJECT WITHOUT INDEPTH BREAK-UP M & A REPORTS. Helpful knows more and he has shown it via KILMORE even ie there is potentially lithium and REE but whether it is economic or not, he does not know. This is of no import at the momo as they are not hot commodities. TIN IS NO 1, in top pricing and that is when TIN HILL comes in. Why? With lithium , there comes tin or rather FORMER TIN MINES CAN HAVE LITHIUM.
RRR 'S ASSETS ARE MORE COMPLEX than at 1st sight. WHY? ONE DOES NOT KNOW THE CURRENT M & A given majors are moving to CANADA. So, this change of situ needs further insight and MORE CONNECTIONS to find out the CURRENT STATUS OF RRR'S ASSETS.
SO, BORING BOY, IS UNABLE TO PROVIDE ANY OF THIS BUT HE SAID YESTERDAY HE WAS DOING THE M & A OF THE £900M CO-OP SALE TO COVERNTRY BUILDING SOCIETY? HOW? HOW DO WE LISTEN WHEN HE CANT GIVE A GOOD ACCOUNT OF REAL TIME M & A IN AFRICA FOR RRR ASSETS OR EVEN VICTORIA , AUSTRALIA? Everyone is well aware of this and why? Boring Boy does not have ANY RRR SHARES or ENOUGH to get a CO
Thanks for the kind comments Dukey and I do appreciate both you and Helpful indicating my comments are in no way similer to Carp. He went way to far and deserved everything he got.
To be honest HS0 is the only poster who issues threats on here but he's backed off after I summarised his postings and called him out.
I don't know as much about RRR as Help but my track record [ and many others ] on calling this share right is as you say spot on.
Maidit308
Thank you for playing your part on Twitter re: DRC @RRR ie asking.
Morning NEWS, / HP'' some good weekend discussion as to why so much trolling on RRR, and where does it all stem from ? INTERESTING DIGGING.. that will surly get them wriggling like the worms they are.. ME I IGNORE AND FILTURD ABOUT 15 SO FAR, AND THEY STILL KEEP COMING WITH NAME CHANGE to join the conversation FK KNOWS''
keep up the good work THO''
speak soon..
Contd..pg 3
THE PAST DOES NOT AFFECT THE CURRENT into the short term --------THE DUKE NOW ADMITS. SO, DUKE HAS CONTRADICTED HIMSELF. How? One the one hand ADMITTING THE ABOVE vs the BORING BOY knows a lot. Both statements CANNOT BE RIGHT. Why? If the past is NO LONGER of significance to the CURRENT COMING SHORT TERM, then all that BORING BOY HAS SAID IS ==============HISTORY NOW.===========NO POINT ANALYSING HISTORY AND DUKE NOW ADMITS HIMSELF.
[9] There is a lot of ill will and this will not help matters either. Why? RRR needs the goodwill of the shareholders so that all can benefit. This is a general principle taught in school about the team wins, not the individual. So, its shareholders that need to have goodwill so that things can run smoothly. This is something everyone knows. I am aware that there is also not so good will towards me but my defence is Genesis 12:3 and I have no choice in this.
[10] GAMBLING - the statistics shows few can make it . That is why it is called gambling and no CAPITAL GAINS is chargeable. It does not need skill but stock do, hence why there is chargeable capital gains.
[11] If Zumore's wife left him due to stocks, then I can sympathise but life has to go on in a positive way. Paul Johnson said his wife told him [in an interview] that he had better think of safety for the family first. So, wives tend to be more conservative. Another Japanese man worked for a major investment bank which I wont name. This chap got co shares from the employment scheme and he bought even more on the open market. His wife told him to go for safety but he refused and it ended in a terrible way. So, LOOK AND LEARN before JUMPING into anything.
[12] Duke says Boring Boy knows a lot but TESTED, he appears to be someone that has LITTLE STOCK EXPERIENCE in real life and proven by his OWN STOCKS he has chosen. WHEN ONE ATTENDS LAW CLASS, THE 1ST LESSON, ONE IS TAUGHT, Boring Boy does not seem to know. I looked at some of his posts and LAW CLASS DAY 1, he does not appear to know. Most people NOT attending Law Class Day 1 know. These days, there is FREE info if one doesnt know what a word means etc. So, I apologise if I cannot FOLLOW the Boring Boy if he cannot show a more superior quotient etc as norm so nothing personal. WHERE MONEY IS INVOLVED IE SAVINGS ON ANY STOCK, ONE HAS TO TAKE CARE and NOT just listen. One can check and ask further -------that is why this discussion board exists ie to share, learn etc.
[13] If anyone wants others to follow them, THEN THEY MUJST HAVE A PUBLIC VERIFIABLE TRACK RECORD.
Its the same with HORSES - they have track records, performance stats etc. It is on every page of the sporting times.
Same for stocks and stock gurus. There are lots out on Twitter who have made it big and people listen to their talks eg Rick Rule etc. Their start in life is modest and from the bottom and their performance is tracked in real life. Ah, that is the real deal ie PROVEN and they own co's that can buy STAKES
The loss is in the region of 90%+.
================CONCLUSION: PUT £1 INTO ANY OF THE JUNIOR EXPLORERS DURING THE BUST YEARS THAT HAS HAPPENED IN RECENT TIMES MEANS EITHER 90% OR 99% LOST. ========SO, FACT IS, IF NOT RRR, THEN, EVEN GGP OR SOLG WITH A TIER 1 DEPOSIT DID NOT ESCAPE.========FACT: THE PROVEN FACT, NO ONE ESCAPED.====
Any other proof? Yes, the COMMODITY INDEX OF JUNIOR EXPLORERS IE VAN ECK ALSO BEARS OUT THE UK JUNIOR EXPLORERS IN THE UK SECTOR. So, that is why, traders have 10 screens and what are they looking at? They are looking at data of SECTOR etc and they will know IF the sector is falling etc. MINERS DECK tells which commodity is RISING most, hence the hot sector the juniors will want to get into or the hot countries.
[6] What if X or Y WILL NOT LET IT GO ie the losses? Well, if they dont come to TERMS with it, the TRAUMA continues as norm. The remedy is well known: in recent years, there is SHORTING of the synthetic type & I gave details yesterday. IF THERE IS SHORTING, then the share price GOES DOWN as there is TOO MUCH SUPPLY vs demand. THIS BECOMES A "FUNDING DEATH SPIRAL" as they call it as it is normally a DISCOUNT to the prevailing share price. THAT IS THE SYSTEM unfortunately and if one shared, it would have become known earlier. Chairman Bell @RRR, the Canadian mining industry and now the ex-President of the USA says so about his stock. All can be wrong of what is happening in the market place. WHAT IF ONE WILL NOT LET GO? That is choice but the only health harm is to self as anger moves inward etc & this is all known.
[7] Duke is trying to tell us that the Boring Boy as he is called is ze smart one. One needs to test his HISTORY ON THIS SITE and this is not only for him but FOR FUND MANAGERS, POSTERS. As Nike1980 said last night, Simply Wall St gives ranking performance of FUND MGRS. On this site, people look at the POSTING HISTORY and whether the poster HIT IT BIG. If they did, they would become LONDON SOUTH EAST'S TOP POSTER @NO 1. Why? Lots of people make on that stock and the poster is the one giving the most info / research on that stock. So, unfortunately, does BORING BOY met this criteria on this site? For the answer, CLICK the poster's name and it will come to the PROFILE PAGE to see. On Hotcopper, they gave posters a marking besides their names to denote the same sort of thing. One finds that they tend to be knowledgeable.
[8] Boring Boy et al helps NO ONE to move on. WHO DOESNT KNOW ABOUT THE PAST OF ANY STOCK. Just call up Google Finance RRR or any stock and in 1 chart , it tells share price and date and the chart shows the top and the bottom via using one's cursor. On the London Stock Exchange, they used to use red and green arrows and one will FIND red or green arrows is DUE TO A CO'S RNS, PROVING stocks DONT GO UP OR DOWN FOR NOTHING IE NO REASON.
[9] DUKE now tells it as it is ----------ALL IS FORGIVEN IF MR BELL proves himself. THERE YOU ARE - THE TRUTH HAS COME OUT IE THE PA
Helpful
Thank you so much for the detailed explanation relating to the above subject title. Here are some of my comments:
[1] In recent days, it was pointed out to me that the funder/s are the cause of the share price fall. So, the direction join us. This is something taught at school that those calling to join them are IN fact ze leader with the cause. The rest are sheep who may not know what they are getting themselves into. Hence, independent thinking is taught and to this end, joining the debating society helped, in that it gives everyone A CHANCE to PRESENT their case in point.
[2] The most powerful methodology is to point that ve are the ones to be pitied and they are the rich ones. Hence, why I checked the address published said to be the office premises of RRR. Suffice to say, it was NOT welcomed. Why? Oh, I was NOT going along with the theme of its us vs the co. Ze leader is usually the one who will tell the rest, its the apex principle or triangle where only 1 is at the top.
[3] At Red Rock Resources, the history of the past IS NO LONGER relevant. Why? In the case of Solgold, the share price fell when the major walked off in the Solomon JV. Then, they tried Queensland but this county is not known for high grades so it was not pursued. Then, Cascabel came along & the work of Dr Rohlach, the Geo who did his PhD at Bukit Tujuh deposit proved to be the game changer via standard geological modelling. But as usual, the grades were not even everywhere - there will be higher grade zones and the rest is the shell etc as norm. Tier 1 - Yes, but it is rather deeper than just suitable for shallower mining. If it is shallow, unless there is tonnage, it will also be a shorter life mine, of which majors are only interested in long life mines. So, the wait to get the capex continues of $1.5bn initially. Same for all the other Tier 1 projects. One can search for 10 of the world's biggest undeveloped copper or gold deposits. So, this is NOT an isolated case and Mather said it takes 16 year to get a mine going. Last night on Twitter, they said 20 years.
[4] No CEO can tell any shareholder minute by minute. Mather told from inception it takes 16 years in general, from start to mining so no one can say they dont know. For this reason, Life Cycle of a Junior Miner and Lassonde Curve is insightful. That is where RESEARCH comes in, in general and in particular of mining itself. IF, one depends on others, then if folks care to share, then it is a fruitful discussion where it is not just an echo chamber.
[5] I wont go over old ground but suffice to say:
NO ONE WOULD HAVE ESCAPED THE LAST FEW YEAR OF THE COMMODITY BEAR MARKET. Any proof? Yes, I refer to 3 sets of data of which OilPlayer2009's list of 40 Junior Explorer shows that all lost some 83% but that has NOT been updated as losses have gone to 99% in some cases. ANY EXCEPTIONS? NONE from my experience except GGP & Solg who lost a bit less at 39p to 5p+ and 42p to 6p respectively, so le
Ohhhhhhh Helpful feeling for his best buddy Andrew today, I’m sure he’s ok Helpful, he has skin thicker than a rhino just like you !
As you weren’t around when Mr Carp was I will enlighten you, his comments were a lot worse than on here now and in no way similar to banburys - Banbury seems to know a lot and has been spot on for months/years.
Anyways, you know how the markets are - If AB can start turning s profit all will be forgotten / He prob needs to do in quick time tho as think everyone knows if he doesn’t then another placing is never too far away . Anyways enjoy the sun and have a great weekend all
Https://www.sharesoc.org/sharesoc-news/test-proper-purpose-company-law-red-rock/
https://harassmentlawyer.co.uk/online-harassment-case-study/harassment-of-a-company-director
https://www.lse.co.uk/ShareChat.html?ShareTicker=RGM&share=RgmL
All sorts go on with AIM companies: I have had death threats on more than one occasion because I won't cooperate with idiot proposals to take over companies and/or replacement management (more than one company). Most of the proposals come from congenital idiots. One accountant rang me a few times asking if I wanted to replace the RRR board and could we work together in it. So the first question is what proposal do you have and the second is how many shares do you have/do you speak for? Answers: no proposal and zero shares. Utter FW!
DYOR
I wasn't around when Carp was doing his thing: it seems Carp and Boring Boy were very similar in their MOs but Carp went further.
There is a post on here where Zumore commiserates with Carp saying he was hard done to. Supposedly, his wife left him when she found out what he had been up to. Again, like Zumore, Boring Boy, Dick and others it seems the main beef was with Regency Mines (RGM) and it continued into RRR. I understand Carp had multiple IDs on here. Another CEO of another company had similar problems: when they looked into it, the one person had 11 IDs on here. IMHO that sort of behaviour means you have serious mental issues.
The Carp stuff is in the public domain.
DYOR
Since NO REPLY, it just means that on Monday, 22 Apr 2024, the stock market will open and the cycle will START all over again as it has been for the last 3 years. It may continue UNTIL something happens ie one way or the other, RRR will have news of project updates.?
Me, I think Maidit308 said, its best shareholders talk to each other but I think I will not want to spend any more time on this forum engaging. I have tried my best but it is not accepted that in life, those who are BLESSED DONT carry such
attitudes which is not positive.
So, all the best folks. I will think over about my RRR shares but if I dont need to post and reply the same answers day after day, I can just wait it out with my RRR shares.
Have a nice week end folks. Thanks Helpful - I can imagine what it is like when a poster posted late at night as you said LoL. Thanks Maidit308 and H5O Fri, 19 Apr 2024 @12 midnight.
Helpful, is what is happening on this forum the same as in the days to the Carp Days?
There are now new people reading and I am also interested. Why? Never seen such ...on any stock forum on this site.
Thanks. Maybe, it will NOT be the same exactly but is the ill-will the same?
One can literally feel it because the feelings of the negative non-shareholders is so strong it comes through in posts?
Thank you. I would like to know. I pity A.Bell, Chairman as it is not stopping but this is not happening any where else ie at any other AIM co. Look at George and his raisings and not 1 sound on Twitter like this. Their raises as Maidit308 said are so much larger. Fri, 19.4.24 @11:25pm. No one in at this time. All quiet.