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It is absolutely outrageous that Lanstead have not declared their holdings since late December, firstly to correct posters who are in any doubt they announced they held 1 billion shares on 8th August and then declared they were down to 800m by 28th December (or 20.99%)
Since then nearly 2b shares (half the issued capital) have been traded and that volume has not come entirely from retail investors, so let us assume that Lanstead now have 600m or even 500m shares, it is obvious they have gone through a number of declaration targets, if that is the case what will ORR management do, remember the CFO told everyone they had to declare every 1% move, it makes him look rather silly to put it mildly, let alone inadvertently misleading the market.
Until Lanstead declare no-one has one iota where this agreement stands, their holding position is integral, if they have sold 50% of their stake (as I suspect) it will be very bullish as it reduces their selling ability over the remaining 16 months of the financing.
We can go on and on about this, I am mindful to contact the FCA but I believe ORR management should strongly remind Lanstead of their responsibilities, maybe the CFO would like to explain or revisit his earlier statement as a minimum.
In the meantime investors should take advantage of the weak share price, it was .57p back in January remember !
Bet they are concealing some larger buy orders in the background which will be declared late as always, yesterday there was a 500,000 share purchase around 4p, make no mistake clued up investors are buying and see value well beyond current levels.
Market cap is still under £10m with cash sitting at £5.4m and probably building.
What's not to like, this will be trading in double digits by Q3/Q4, its a no brainer IMO.
What is fair value here, very little broker coverage but surely expanding into India, USA and Middle East + established markets in China and Europe means the company is in a significant growth trajectory, the current Enterprise Value is a mere £4m, that is clearly wrong.
My view is fair value has to be closer to the 10p/12p (circa £25m m/cap) broker valuations, even then there is no premium built in for a possible takeover approach.
One thing for certain the shares will not be in the 4p area for long, the stock is a outstanding buy at current levels IMO.
The muppet CS will be bashing away when the shares are 10p+, a truly pathetic individual, in the meantime those who bought at 1.6p have nearly trebled their investment with much more to come.
The shares have just started their return to true value, even at 10p the company would only be valued at £24m, peanuts in the scheme of things.
£5.4m cash, something to think about, how many AIM companies have that in their treasury.
Ignore the ever diminishing number of trolls and buy the lows.
Pressure on the share price is building, when it is released the price will move far higher than many expect, it can only be a matter of time before this company is, once again, covered by well followed social media outlets.
Buy low sell high, someone on the other BB suggested buying CNSL now is like buying a £10 note for a fiver, well I would suggest it's like buying a £20 note for a fiver !
Https://x.com/FirstClassMetal/status/1782671846774599869
𝗜𝘁’𝘀 𝗮𝗹𝗹 𝘀𝘁𝗮𝗿𝘁𝗶𝗻𝗴 𝗮𝗴𝗮𝗶𝗻 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰
With the CEO @MarcFCMetals already in Thunder Bay at the OPA event, other parts of the Emerald Team are moving the Sunbeam core so we can review and focus on assaying the porphyry intervals.
Photos included.
God of HF
Why did they sell 200m in the 1st few months of the deal, if they wanted to benefit from a SP rise.
I had a post removed (no doubt due to ORR censorship) when I stated that Bob (the CFO) was wrong when he claimed Lanstead would have to declare every 1% they sold, I was correct he was wrong.
Make no mistake Lanstead have sold far far more shares than they would have done at this time, that is why they do not declare.
Contrary to their waffle on their pathetic website they sell shares to cover payments, if they wanted to benefit from ORR's success then why sell any shares at all.
This matter will not go away however their messing around provides opportunity to bag cheap shares, eventually as the months pass they will increasingly be out of the equation.
I might have known the resident basher would be in overdrive today, a totally deluded individual with no understanding of market affairs, there is no doubt in my mind the consortium of bashers that have been working here 24/7 for over a year are for a purpose, that purpose is to try to contain the share price rise on behalf of a suitor that will make a bid in due course.
Well today that suitor will have to up the anti and pay a great deal more than a few quarters back. I have always suggested the shares are a outstanding investment proposition from 1.6p and so that has turned out, the SP will be above 5p PDQ and I expect a YE close above 10p.
Buy low sell high, ignore the bashers, have they apologised for deterring prospective investors buying at 2p/3p etc, no of course not.
5p+ here we come.
It looks like Lanstead at 'at it' again, the market makers were offering a generous sell premium quite recently and it was nigh impossible to buy around the same time, that situation is currently reversed.
Still no TR1 from them, now nearly 4 months on, totally disgraceful, ORR management do not appear bothered which I find more than strange, they clearly read these boards and are happy to 'act' with critical posts from shareholders but they must be aware Lanstead have traded through a number of declarable positions, a simple email from them (to Lanstead) reminding them of their responsibilities would suffice.
You can bet your bottom $$$$ Lanstead have probably dumped 500m of their 1 billion shares at this juncture, they know if they inform the market the bulls would charge and the SP appreciate strongly IMO.
All one can do is use the opportunity to acquire shares at current levels, the new floor seems to be around .35p
Spammers like CS should really be banned as should other bashers who operate 24/7, these entities lose individuals serious cash, remember this entity was posting negatively when the share price was around 1.5p, anyone following the 'advise' would have missed a near 3 fold gain with much much more to come.
It is clear the brokers were correct with their implied targets for CNSL which in their last commentary suggested a £25m valuation, this was before todays update.
I see 10p/15p a share range in due course as a result of todays news.
You can clearly see why brokers were indicating the company needed to be valued in the £25m/£30m range, over 10p a share.
These numbers are staggeringly good.
Nigh impossible to buy online currently, the re-rate will begin now for certain, cash of £5.4m is fantastic.
New Ballarat Gold, POW CEO is asked why they disposed of it at last months Proactive event, his reply was interesting, wonder what AB thinks ?
From 23mins in
https://tinyurl.com/2h63cahc
I would add that the reason I had belief in New Ballarat Gold listing with a market value circa $20m (at the time the stake would have equalled RRR's market cap as Bell implied to Tom Winnifrith) was because POW under Paul Johnson had 49% and was the JV partner, Paul Johnson was very popular with retail investors and POW was well supported. I thought it inconceivable that this listing would not happen - well 3 years later it is clear that, once again, dealing with AB was, at least, challenging.
I attended an online event featuring POW under the new CEO recently and asked outright about New Ballarat and why it had not been progressed etc. You could tell his frustration which ultimately led to POW disposing of it back to RRR, it is now back under the regime of penniless Mr Spinning Plates. AB in a X reply to a shareholder said it would be listed, well he said that 3 years ago.
I have no understanding why Bell has not been replaced, I have commented many many times about this and every time the 'major shareholders' back him at AGM's. Bell even ridiculed shareholders trying to remove him at one time via social media.
In any-case I stand by my theory that when the BOD gravy train comes to a near halt something material will happen, remember the hangers on at RRR include brokers, PR gurus, legal/advisors plus the city spivs that make money trading both ways, the good news is it does not take much money to move a stock as illiquid as this.
Let us see what happens moving forward.
A repost...
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.
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.
These are the prospective buyers of FCM's 5 licences on offer.
Probably worth a follow if you are on X, they seem to be focussed on gold.
https://twitter.com/79thresources
It seems to be a trait of market makers to cut prices at a flash to deter interest yet when buyers come they cut online buying in the same fashion, the point is you have to buy stocks like this when it is quiet, it looks very likely that GROC will receive the $3.5m (more than the current m/cap) from the US bank but what it also does suggest is the company could so easily be acquired.
The Letter of Interest also means equity dilution is unlikely now, good news indeed.
At current levels the shares are dirt cheap therefore, the issue is getting a reasonable slice of stock.
Bell tweet, 2 comments so far.
https://x.com/ABell2019/status/1780903008894632199
Despite it being quiet there are only £10k of shares on offer before they want a premium, it shows how illiquid this stock is.
Hard to say when news on the 5 licence/projects up for sale will come however the buyer must have a clear understanding of these. The numbers are what everyone wants to know, however it would hardly be worth FCM's while unless they were of some scale.
Even if a package came in at $3m/$4m it would still be well above the current m/cap, you have to be in it to win, if decent sale proceeds are attained you will not be able to buy at anywhere near the current price levels on RNS day.
I expect buyers will return shortly anticipating the next update.