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Really interesting one Bigdaz.
Any serious buyer would be snapping up shares at these prices as it gives them clout at the vote.
The new investors have a fab deal 80% of enlarged company for £10m.
They see value but the bank is forcing them to go through sale process.
Disadvantage of sale is no creditors restructuring which is fundamental to cost reduction
My outside bet is Youngs etc provide the £10m for 49% of company on the same terms as the three shareholders they have tapped up now but better for us ?
AiM he's also known as loose lips lundy.
He really does reveal stuff he should not be saying.
He does not deserve the title financial advisor. He is morally bankrupt with not an ounce of remorse for the wrongs that he has done many on here.
My loss was before his time but the list of evidence linking him to the company as an insider ( provided by him is extensive)
It's useful idiots like H50 who is so blind he has it in for the wrong people for the wrong reasons.
With 5bn shares in issue soon. Even if they got $5m from DRC net which would be an excellent result the proceeds represent the princely sum of say 10 cents or 0.07p per share.
Feel sorry for those who invested at 1p for DRC.
Three years of relentless fund raising off the back of DRC being imminent has been morally wrong and destroyed them.
Lundy will be OK wonder how many he took at 0.051p to sell on the FASO spike at 0.08p
Completely rotten.
Yes Ian but the record date is 9th April.
So if you sell now the rights are still with you.
So I sell 80,000 today. I retain the right to buy 70000 shares at 1p.
If it hits 2p I think I would consider selling but would love to confirm by understanding is right
The open offer record date is 9th April.
Does that mean if I sell today for say 1.6p ( it's going up). I still get to buy again at 1p if it looks worth it ?
Seems to be a restrictive clause preventing anyone building a stake.
He's normally logged on in the boiler room by now ?
Dukey £4m of debt.
Some of the short term debt from the accounts has an effective rate of 42% per annum.
It won't last a month.Finance charges will eat through it.
What a mess.
Helpful Bibbelle is huge !
From the man who said Tin Hill was 1-5m tonnes.
I think you owe posters an apology.
No Ian
£2.5m from investors 7 for 8 rights at 1p
£10m from new investors.
Bank is supportive but wants them to explore sale options.
The interesting thing is Babu who brought in heavily before Xmas up to 17% has in the last few weeks ( since it was bombed out) gone to 1.5%. Clearly he's done a deal presumably with the big three so they can swing the shareholder vote to restructuring.
Anyone genuinely interested in buying the Co might need to mop up the shares. Probably a win win as they come with rights.
I'm actually expecting this to rise to closer to 2p. Famous last words !!
So expecting a 10p fall - interesting to see how it plays out.
All I get its threats and abuse and seldom am I ever wrong. The 31st Dec accounts and balance sheet were horrible.
Observations - Helpful will no doubt pick up placing shares. He's told us this many times. It's a disgrace he posts.
Means first 250k of POW deal is in shares at this price.
Approaching 5bn shares then !! Any benefit from DRC completely blown.
I said it would never see 0.2p again. With 5bn and growing shares there is no chance.
There is NO spivs or short selling of this share. The only gainers are the privileged few like Helpful who participate in placings.
Watch the inevitable rise into FASO news and sell off by the same individuals rinse and repeat. But fools like H5O tell us different.
I'm hoping for a buyer.
Giving away 85% of company for £10m seems very dilutive to me. Albeit dilution is cut by participating in rights issue.
No offer of BOD or CEO trimming there very high pay packages. Very disappointing.
He seems to have a degree of balance in his posts.
4% is a lot and surely he would have been massively diluted over time which is why I asked the question about participating in placings.
Maidit is not the sharpest poster on here.
Not long before they link me and AJay as the same person and get H50 frothing at the mouth on a new conspiracy theory.
Wow AJaye 4%.
If you don't mind me asking how long have you been invested ?
Are you asked to participate in placings as a major holder.?
Thanks Banbury
Yes Helpful - Manganese !!
Jupiter up 40% in the last few days. Remember when Mr Bell said our Jupiter shareholding would be a permanent source of income for us ?
Strangely the final holding is still shown on RRR website but they went a long time ago.
Something about falling in a barrel of nipples ..
Hawaii
I have not backed off and please stick to the facts the CEO came on and said “wo behold” if I was Gary Carp. I said I was not. Nor do I know him or anybody associated with him. I even confirmed which I have done many times RRR were right to throw the book at Mr Carp.
“even seeking out the CEO's home address + delving into Companies House to try to diss further”
Companies House information is vital for research. You should try it.
I’ve no interest in the CEO’s home address. Three of the subsidiaries of RRR had their registered office moved to a residential address in early 2024. I queried that as being extremely strange (which it is ) . Within weeks the registered address was moved back to business premises. Clearly someone thought twice about this. I don’t know the CEO’s home address nor would I want to.
I’ve replied ad nauseum to all your other accusations, I am NOT paid, I am NOT part of a boiler room with others on here to bring down RRR, I am NOT shorting, I DO NOT know anyone who was an ex employee or shareholder in RRR. I make NO profit or gain from posting and have NO ulterior motive.
My interest is in bringing a balanced view to the Board, as in my opinion it lacks balance and my posts are very much appreciated by many on here.
Your accusations are getting too frequent and too much. Below is a list of individual times where you have accused me of the same charge despite my denials.
Its Eleven times since 31st January 2024 and is beyond a joke.
I have spoken to LSE Admin (with the back series of threats) and would be grateful if you could not post further accusations about me.
By all means speak to Mr Bell and he can speak to his lawyers, that’s his call and yours . But please stop posting unsubstantiated accusations.
RE: RRR Mikei Gold: 1.2 Million Oz of gold. Video.9 Apr 2024 20:48
Bashers7 Apr 2024 16:25
Trolls2 Apr 2024 16:24
E: RRR vs Mr Gary C. [London High Court]. Case won by RRR -substantial damages awarded to RRR/A.Bell.31 Mar 2024 23:44
E: RRR: HL N/T now , Thur, 14.3.24 @13:58pm14 Mar 2024 14:34
E: POW13 Mar 2024 13:50
RE: Https://twitter.com/ABell2019/status/1762438035533181003?t=dRAvWtZJ51xFLBHGSpahRw&s=1929 Feb 2024 12:29
RE: Watching14 Feb 2024 12:13
RE: RNS8 Feb 2024 08:00
: RRR: Lenigas has appeared on the other RRR forum to answer.7 Feb 2024 08:01
RE: 10 million Litigation money is about to come according to yesterday's update.6 Feb 2024 12:38
Robins logic would suggest remediation costs for mining. Given the expiry of time, maybe the Greenland government came after us.
Another skeleton worth a proper explanation ?
Mbele is the magic word. HS0 is gathering his file. I will be doing bird !!
Strangest thing in the last two accounts 160k in full year accounts and 83k in half year is the Greenland costs ! What do you make of that it's nearly 15 years ago ?
Reccomend this post if you think RRR shares are NOT shorted.
Reccomend this post if you think RRR shares are shorted ?