focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
This is a podcast from Indaba, the first 3 minutes give a flavour of the demand and interest that has returned to the sector, clearly the atmosphere for doing deals has significantly improved, this should be beneficial for ORR, I expect news shortly.
https://x.com/RoastPR/status/1755621930785259982?s=20
I see all the multi alias bashing 'community' are working their socks off today to try and quell interest, one wonders which broker(s) some work for, others are short via Spreadbets or CFD's, then there are the bitter economically bankrupt sort who just cannot take responsibility for their own mistakes by buying in at the top of the last bull market but lay the blame on others.
What a shoddy grubby lot they all are, going over the same rubbish day and night, pathetic till the end.
Tweet from ORR - the CFO seems joyful !
Oriole has had a successful week at #MiningIndaba in Cape Town, meeting with investors, existing and potential JV partners, suppliers, and key figures in the African #mining sector.
https://x.com/OrioleResources/status/1755583916176539840?s=20
A few seem to be latching on that SKA (£7m m/cap) has licences nearby, Shuka re-tweeted the below post, another investor has stated same on X - just saying
https://x.com/InvestorI5/status/1754436209588285490?s=20
https://x.com/Oilplayer2009/status/1755581820387660260?s=20
It is the last day of Indaba today, as far as I can recall it is also the first time the company has not posted a photo of their stand at the show. I have to say I find this strange.
Unusually for AIM ORR is not a leaky ship, I am very much wondering about the Senala situation, we know Managem Group (JV partner) were at the same show and it is nigh on a certainty that ORR would have met them there to discuss options.
In previous interviews it is obvious that ORR want to withdraw from Senala, they deem it non core and do not have management control, do they really want to retain a 30%/40% minority interest, probably not.
I have to say I am staggered by the share price weakness, it is most likely Lanstead have offloaded more stock like they did ahead of the last major announcement, are the decks being cleared for another significant RNS update, it is also worth bearing in mind that punters are taking money out of other stocks to chase the HE1 dream, when that bubble bursts (as it will) there will be a rush to the exit door and more cash will come into plays like ORR.
I am still betting on a positive update on Senala, I seem to recall 17th February is a relevant date, Tim Livesey mentioned this in a historic interview, in any-case a plethora of news is imminent, I still think the next update will be a material and price driving one.
And how many multi alias accounts are there in play here BB, you really are a plum, the more you post the more you give away.
Bell has threatened to expose you, I would think long and hard about that, you alone he has targeted, your obsession for bashing this outfit is logged, there is no doubt you are a significant reason why sentiment is so poor.
Why do you become hysterical when the SP rises, out come the army of bashing trolls soon after. I sincerely hope Bell carries out his threat and you will suffer the same financial loss as the other fellow who had to make a grovelling apology and pay significant compensation.
Under such circumstances most sensible folk would back off but not you BB, you continue regardless, it is for this reason readers rightly assume you are actually 'working' on this thread for entities with a vested interest in keeping the share price down.
It is way past time Bell breaks up this 24/7 assault on the company, most tiddlers have some form of bashing but the level here is extraordinary and well beyond the norm, maybe that is just about to happen !!
Banburyboy clocked on yesterday at 7.20am and clocked out 10.51pm, 15 hours spent rubbishing RRR, the fellow must be working for someone, every claim anyone makes about his motive he denies. Well he would do wouldn't he.
In the meantime it is clear something material is going on at Red Rock, the DRC cash is obvious but bringing in Lenigas (remember he has not only contacts but a mass of retail investor followers) could be game changing from a valuation perspective, is this stock about to follow the CRCL lead by way of a multi bag outcome.
Time will tell, buy low sell high !
Shuka & QGC + Brewer are at Indaba currently, he talks about signing off deals.
https://x.com/Shukaminerals_/status/1754432132498288926?s=20
Everyone knows on the other forum Aunt Ettie is AB, it is worth noting that Regency Mines (who Ettie refers) are now Corcel.
Corcel acquired a new project and their share price trebled recently, CRCL's relatively new Exec Chairman is Antoine Karam, he has brought a suite of new (wealthy) directors onboard - in a fairly recent post by David Lenigas it is clear he knows Mr Karam.
One wonders if, finally, the first steps of transition are about to happen at Red Rock and Lenigas has been brought in to deliver significant change, possibly even at BOD level.
One has to join the dots but has Ettie indirectly given the game away ??
This is Aunt Ettie's post 2 days ago......
Atinos auntie Ettie - 04 Feb 2024 - 11:53:06 - 16979 of 17140
RED ROCK RESOURCES PLC - Information Thread - RRR
The sector being pursued has been announced and is more tangible than that. If one looks at how the reformed Regency has done after their move into the oil sector, it instills excitement. Their shareholder returns were good, ours could be anagalactic.
Banburyboy clocks in at 7.20am to start his work.
This individual really does need to be exposed by Bell, who is he, what is his purpose, the cheerleader whose aim is total determination to destroy this company and with it shareholder value.
The fellow is so arrogant that even when Mr Bell warns him a legal route may be pursued via this site he continues to bash unabated, very strange, do you have deep pockets Banbury ? What broker do you work for ?
If that Congo cash comes will you apologise to all the shareholders who you have deterred buying with your venomous posts, not on your nelly !
I am quite surprised by the SP fall ahead of what have to be meetings with JV partner Managem Group concerning the possible sale of the Senala project this week.
There are 3 options on the table which have to be concluded (probably this week at Indaba) two are share price driving and one is neutral
Outright stake sale (worth a minimum of £5m but probably a great deal more)
Managem to pay Oriole circa $2m (the JV spend shortfall) to move to 70%
Oriole to take a % back from the JV to retain circa 40% (no cash involved)
I still believe Managem Group would want 100% of this large licence, their website states their Boto project has scope for material expansion via exploration, ORR own that expansion land !
No tweets from ORR at Indaba so far.
The current SP looks a great opportunity therefore.
I see the bashing tag team are in full swing led by their cheerleader Banburyboy, I really do hope Bell carries out his threat to expose and sue this entity, this individual alone has destroyed so much shareholder value over time, it really is quite odd why Bell has not acted sooner.
It is also evident that 'the names' are profiting by short positions, either by Spread-bets, CFD or continually naked forward selling, hoping they will be bailed out by a fund raise ably assisted by their likely inside city chums.
It is for this reason alone I sincerely hope a positive arbitration award comes to be and $7.5m cash hits the coffers, how wonderful it will be to see the whole grubby lot of them squeal like pigs when the stock price surges.
Happy times ahead, a word of advice, think for yourselves, the current RRR market value is circa £3.5m, the possible award could be as much as £8m based on current FX rates.
Banburyboy works 24/7 bashing Red Rock to such an extent that Andrew Bell recently came on this thread and warned him to pipe down or there may be further (legal) action, the fellow is either being paid, working for entities who are short or simply exceptionally bitter having lost all his cash and is now economically bankrupt.
The plain fact is the market sees significant value as a real possibility, RRR equity is valued around £3.5m with a likely cash payment from a Governmental company of at least $7.5m in the headlights - this money is being held and due for payment pending the result of arbitration.
It is a fact that Red Rock, run by Andrew Bell, has lost investors a lot of cash historically, there are many very bitter individuals as a result, however the market is a roulette wheel and the wheel does look like it is going to spin RRR's way this time (they have already had a win on the arbitration front in the DRC)
At current levels there is NOTHING in the share price to allow for a possible circa and minimum £6m cash input, this is why the buying frenzy has occurred, once the remnants of the last placing get flushed through I would suggest the stock price will motor ahead - that overhang has reduced significantly by now.
Buy low sell high, not the other way around like the bashers !
DYOR etc.
Tweet from Lenigas last night - he deems the matter very relevant
https://x.com/DavidLenigas/status/1754562808522355105?s=20
The £3.5m m/cap is hardly demanding given today's news !
This company is going places for certain, just listen to the value of those infrastructure projects, HERC will almost certainly benefit in a very significant way.
The market is yet to catch on as the company remains below radar, the dividend yield is circa 7% and very secure.
No wonder brokers have target prices in excess of 50p.
We all know that the Senegal Senala JV ends this month and a decision has to be made, will Oriole sell their remaining stake to Managem Group, will Managem pay Oriole circa $2m to move to their allotted 70%, will Oriole retain the extra 10% (due to Managem not spending the full $8m - $2m short) moving to 40% retained.
The answer to these questions will be determined at Mining Indaba which takes place on the 5th February to the 8th, both Oriole and Managem Group are attending, it is nailed on the matter will be concluded there.
My bet is for outright stake sale and the sum involved should be significant for Oriole, they have already stated the project is non core due to them not having management control so it would be the preferred option.
There is very little time for investors to take a position here as a result, one suspects many traders are now out, it is nigh on a certainty that they will return in anticipation of a deal which could gyrate the share price to new heights.
Technically tomorrow is the last trading day before the event, as soon as a deal is concluded ORR will have to RNS it, that RNS could come Monday to Thursday next week.
DYOR etc.
It looks like the bulletin board at the other place is attracting some serious interest and comments, below is just one example....
This is clearly re-rating on sector recovery/growth prospects/takeover rumours.
The company is below radar and thinly traded, the new team are focussed and dynamic, they are moving into high growth countries with minimal overhead cost.
Look for partnerships, the new BOD appointment is an excellent fit.
The shares are a steal at current levels, assuming you can get your hands on any that is !!
DYOR etc.
New shares issued at 3p, current market price 1p.
This news has caught the market offside for certain, those suggesting it was lights out for BMN were very wide of the mark.
Those throwing in the towel at basement levels yesterday must be kicking themselves on this news.
They are still not taking orders at full offer, a premium needs to be paid for very small quantities right now, one does wonder if some material news is in the system.
Very rare to have a 500,000 share buyer (yesterday) in this illiquid stock, what does this individual know one wonders.
Remember the last broker coverage re-iterated the Health & Nutrition business was worth £25m/£30m alone, the current m/cap is £6.75m with circa £4m in cash.
Buy low sell high !