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I’ll settle for a blue day. It finally looks like the big sellers are gone.

Yay Blue! AAFT!!

I’ve just been through all of the RNSs. The first mention of share options was back in Feb 2021.

“ All of the 36,000,000 Options are exercisable for a period of three years from the date of the grant and have an exercise price of 2.1p, being a premium of 110% per cent. to the closing mid-market share price on 25 February 2021, the day prior to this announcement. The Options are being granted pursuant to the terms of the service agreements between each director or employee and the Company”. These have lapsed.

Then nothing till Dec 2024 and Feb 2025. Very interesting that two sets of options get released so close together. I agree, something is going on in the background.

GLA

Vagabond, I agree. So much of owning this type of share is wishful / intuitive thinking till ‘THE BIG RNS’ lands. Been thinking the most recent RNSs through. Rock have to fully own an asset to be able to sell it. At least they have that potential now. Fingers crossed for news in the coming weeks. I wouldn’t be too surprised if it takes till the end of March. 3 months feels about right for some tangible data to have been gathered. Happy if it’s much sooner though! Hope everyone is having a good weekend.

Couldn’t find a mobility scooter powered by RR, will a 600cc bike engine do?

https://youtu.be/5t_Yd76MnLU

🤣🤣🤣😆😆😆 TF it wasn’t Dr Shipman!

Tiger: “ ST MARTINS THEY DIDNT WANT CASH , THEY WANTED SHARES .. HELLO ...”

Not quite that simple. Was this variation specified in the original contract? Otherwise the vendor can’t demand payment in shares. Personally I think this is a good deal for Rock, but appreciate other people will have a different opinion.

St.Martins: I’m not being patronising or condescending. I hope you’re doing okay today. It struck me that you’d reached the “Fecking Guts Full” of this share yesterday. Your previous posts haven’t struck me as being from a pump and dump merchant. But I could sense the anger what you said. Fingers crossed we’ll have a better week next week.

JC21 never a truer post:

“ As an aside I don't think anyone really understands how forward selling works. Easy phrase to throw around and try to make is stick. The shares don't become effective till 6th March, so they would have to short, if you go short you have to borrow the shares from somewhere, the MMs took alot on at,the rostra sale, so likely they are the ones lending to shorters, don't think that would include to insiders though as Hellenic and associates clearly are insiders.”

We all know the concept behind this, but in practice it doesn’t strike me as easy or straightforward. I certainly don’t think it’s as common as people make out.

I’m wondering how the markets are going to react to Trump vs Zelensky. Not the outcome the world or Europe needed. Thankfully this weekend gives time for a calming down and more thoughtful approach next week.

Jollifant, please excuse the selective cut and paste:

“ Mr. Price has elected to receive his portion of the share allotment (being 72,500,000 Ordinary Shares) but is deferring his portion of the cash component (being £50,000) until a later time.

Admission and Total Voting Rights

Application has been made for the admission of the 185,000,000 new ordinary shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective on or around 8.00 a.m. on 6 March 2025.

Following Admission, the total number of ordinary shares and voting rights in the Company will be 4,122,620,625. The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.”

I read that as DP’s shares come out of the total 185,000,000.

Personally I think this is good news. Hellenic was always going to be paid for with a mix of cash and equity. Instead of £200,000 and £200,000 it’s £100,000 and £300,000. That £300,000 at 0.162 a share. Much higher that the recent placing, and today’s sp. I see this as a win win. The vendor has trust in the company, and we’ve kept more of the placing funds to get the JORC data. Providing they do get the data…

GLA, hope you have a good weekend.

I read the RNS as showing DP’s shares as part of the 185,000,000.

Good question Jollifant. Either they’re that cash poor (HTF have spent the money?) or he’s happy with the long term prospects and would rather put his money to good work. Fingers crossed it’s the latter.

Jollifant, I agree with you. I’m not sure if rock are going ahead with their original drilling plans and will add the new sites once permits arrive. Not sure why they need joint brokers at this point in time. We can but wait and see.

Must admit I share concerns about a joint broker if it’s leading up to another placing. Holes don’t drill themselves and all that. Otherwise I’m not sure anything has really changed. Unless Rostra have acted on inside information of course.

Where has DP issued more shares to himself? Are you referring to the options mentioned in yesterday’s RNS?

St Martin, do you mean the vendors of Hellenic, or Hellenic S.A., are selling Rockfire shares?

Hellenic are 100% owned by Rockfire. Why would they be selling Rockfire shares? Where are these sells by Hellenic logged?

St Martins… massive change of sentiment and opinion on actions such as the Rostra sells. What’s happened?

I can’t see the vendor agreeing to these terms if they didn’t think the sp was going to ⏫️⏫️⏫️ in the short to medium term.

“ As announced on 23 December 2021, on achieving a minimum JORC or NI43-101 resource of 400,000 tonnes of zinc-equivalent metal content, Rockfire shall make a 50% cash and 50% share payment of a total value of £400,000, with Ordinary Shares being issued at a 5% discount to the 5-day VWAP share price in Rockfire at the time of the RNS of the JORC, to Mr. Georgios Skevas or his nominee/s. The threshold of 400,000 tonnes of zinc-equivalent metal content was exceeded and announced in an RNS dated 4 September 2024.

· It has subsequently been agreed with the vendors of Hellenic that they will amend this second tranche payment to £100,000 paid in cash and £300,000 paid in Rockfire shares, instead of 50% cash and 50% shares.

· The Company shall issue a total of 185,000,000 Ordinary Shares at an issue price of 0.162 pence per share. The closing share price on 4 September 2024 was 0.215 pence, resulting in a 5% discount to the 5-day volume weighted average price ("VWAP") of 0.162 pence.”

Something has made them happy to take a paper loss at present.