Member Info for chattty

A long wait is due whilst the deal is sorted out or another set of due diligence requirements are carried out on a potential new offer,until then expect the sp to fall away before traders step in again.

Too make it clear RRR is not producing Lithium and has no licence or offtake agreements with a.n.other for production and all that implies especially ESG requirements.

Whilst I agree that past news is old news,unfortunately in this case the past keeps repeating itself and will continue to do so.

ATB

To make it clear the following was not from Armchair Trader in the last post

I have not counted but there must be several 100 fund raises over time keeping a lifestyle for the BOD including self awarded bonus shares which help increase pay cheques whilst returning nothing to shareholders except loss after loss.

Is the following a record ;-From the 15th December 2022 until 21st June,a period of just 6 months, the Mr Bell has issued some 11 RNS announcements concerning dilution,including 'incentive shares' increasing the SII from 1.34 billion to 2.4billion.

Why would anyone in their right mind buy shares in this company.

Why would anyone want to trust any output from Mr Bell one of the higher paid non productive directors in charge of share holders funds on AIM.

This a polite synopsis of Mr A. Bells activities;-

' RRR The company seems chaotic and aimless, or in the most optimistic scenario, cursed with bad fortune. Its ventures seem to be stuck in quicksand, whether it’s waiting for a favourable court judgement in the Congo (and if the company gets a positive decision, enforcement of that ruling); the IPO of a company holding some rainforest in West Africa with USD25,000 in the bank; the hope that Kenya will become a gold mining mecca; the need for a Toronto-based company to start mining a mothballed asset in Colombia in the expectation some royalties might materialise; or that Zimbabwe will be a simple and straightforward jurisdiction in which to extract lithium from. It’s all a bit messy.

Red Rock Resources opened trading on 23rd June at 0.19p and has offered a -33% year-to-date return, and a -50% one-year return with its shares ranging from 0.12p to 0.7p over a 52-week period. The company has a market capitalisation of £3.94m. In November 2010, Red Rock Resources’ shares were trading hands at 393.75p'.

I have not counted but there must be several 100 fund raises over time keeping a lifestyle for the BOD including self awarded bonus shares which help increase pay cheques whilst returning nothing to shareholders except loss after loss.

Is the following a record ;-From the 15th December 2022 until 21st June,a period of just 6 months, the Mr Bell has issued some 11 RNS announcements concerning dilution,including 'incentive shares' increasing the SII from 1.34 billion to 2.4billion.

Why would anyone in their right mind buy shares in this company.

Why would anyone want to trust any output from Mr Bell one of the higher paid non productive directors in charge of share holders funds on AIM.

Much as that would be good,it is doubtful any statement would be issued.

Agree it could turn at any time which is precisely why its a trading stock although the sentiment is appalling low in terms of its marketing failure.

Sp looks like going lower!

A reminder from the 6th June interview-

It still has another 900 holes to confirm, which were displayed on a satellite image.

“Where this becomes just so fantastically huge for us is that all those orange marks on the satellite image are pegmatite. We’ve got another 180 outcropping pegmatites within our licence area. The extent of our mineralisation is huge,” said Viljoen.

Viljoen also stated Barclays had been employed to sort through the many offers they had received -Such a statement is indicative of an exceptional amount of competitive interest in their huge asset base.

Sd ;-You are classic OCD caused by an inability to accept losses.

Amply demonstrated by your repetitive posting theme over a considerable timeframe.

You think yourself intelligent so how is that you have not dealt with this OCD ?

"The Company believes that this fundraise will enable it to accelerate the development of its projects including its lithium project in Zimbabwe, pending conclusion of its arbitration in the DRC."

Almost a dozen dilutions this year and we are only halfway through the year.That number must be a record for a small company.Remember all these new shares will be sold into the mkt including his past self awarded share bonuses which go towards his enormous pay cheque.

Bell does not believe he will see any money from the DRC otherwise why dilution after dilution?

Those 2 X 500,000 trades around midday looked like a buy and ISA.

Any takeover bid would be rejected, it means those in power would have to go. So it would be somewhat of a surprise for one to appear.

In any event the mkt dictates the sp which does look like getting nearer the 10p mark ,at some point soon traders will dive in.

Not liking what your reading is easily rectified,just click on Filters next to share chat.

'I could afford to make the loss I did'

Your 500 posts against this company and posters prove otherwise.

'Sane people admit when they are wrong and change their minds'

So you are insane as you won't change your mind' 500 posts etc.,

Is getting towards the lows again,almost to the point of a profitable trade, although poor sentiment indicates it may go several points lower.

All due to the original arrogant comments from the BOD concerning its non interest in communicating with private investors.

'Shuffling around' comment sounds as taken from his own lifestyle as he cannot/will not get to grips with his loss and poor judgement in not using a stop loss policy.

Continually shows zero business acumen.

Congo settlement - Mr Bell actually lost the property by not keeping an eye on it, does anyone think those who sold it under his nose will not have disposed of received funds-the court may have awarded but no one knows where the money went.

If he thinks of selling lithium direct to an offtake merchant in a lift and go op., he can probably think again as its likely the State will ban any direct sales unless/until its site processed thereby providing local employment,housing etc.,

As before the sp will end being a disappointment to investors despite their high hopes.

From the RNS 5th May-;-Revenue for the ten months ended 30 April 2023 was approximately £1.4m (unaudited) as the existing pipeline of new business has taken longer than expected to convert, especially licensing and royalty-based contracts, against a backdrop of continuing market headwinds.

Then from 14th June;-As notified in the Trading Update on 5 May 2023, Aptamer continues to explore a range of funding options including non-dilutive and dilutive sources to strengthen the balance sheet. Cash at the end of May 2023 stood at £0.7m..

They have cash burn which does not equate the profit margin on new and existing business.

A fine product badly managed as demonstrated by the destruction of the sp

No the cost of shorting this stock for a worthwhile gain of say 10k is prohibitive. Yes I do short stocks usually with a far higher mkt cap as in the general footsie 350 .

The numbers buying in suggest an RNS is due very soon

Elephant Oil actively engages with local communities and partners to ensure a strong environmental, social & governance (“ESG”) policy, including:

• Donating numerous supplies and building schools in Benin.

• Completing rigorous Environmental Social Impact assessment prior to work in the field.

So far as I can find out no Schools have been built of funded by EPH,so the info appears to be all talk and no action.

Sp is lucky to have held up for a few days as few believe anything that Mr Bell says -there is little money to produce with so he expects any buyer to excavate raw materials and ship out- if the authorities let that happen.

Mr Bell is probably one of the worst example of a director of an Aim company in existence, recently he is quoted as saying don't buy my shares.

Few if any investors over the last 20 years have made any money except him with his self awarded bonus shares,huge salary and expenses backed up by constant and consistent dilution.

He resigned from POW because of the amount of pushback.

So any sp rise will be short lived

No sane investor or for that matter any sane investor would invest £20 million into a company that has never earned a profit,has circa £11 million debt., falsified the value of its assets so much so that they had to be devalued by a £100 million +,has all its few viable assets under foreclosure ,has a business that cannot and never has earned sufficient to sustain its current /growing debt position and is about to be delisted.