Member Info for HawaiifiveO

It shows how pathetic the situation is here when Helpful starts promoting Soma Gold - then suggests they will not bring back the El Limon mine (small royalties for RRR) anytime soon.

In the meantime the only matter outstanding is the upcoming fund raise, now Helpful why not speculate on that, will it be the full 250m shares Bell is asking for permission to issue or a fraction of that number and at what price?

Helpful will probably not comment because he is more than likely inside.

So far

No movement on the Kenyan Gold licences (JV or sale was suggested by Bell)
No money from the Congo (despite Bell being in country for nearly 2 months)
No Elephant Oil listing
No new IPO's (suggested by Bell in Q1)
Nothing occurring at New Ballarat Gold which was supposed to have been listed by Q4 last year.
No seed capital raised for the new 'projects' (Bell said he was going to get cash for one in his last interview)
Hardly any meaningful news this year (Bell said there would be so much news he would struggle to write it)
No movement on the Lithium project (Bell said news would be forthcoming in Q3)
It goes on, etc etc.

Bell continues to Tweet at all times of the day and night - various topics in ever eccentric fashion, it suggests he has nothing to do except draw a juicy salary and raise further cash to continue that process - do not forget Scotty boy is on £45k a year also.

The share price is in the gutter, nearly every Red Rock historic investor has been wiped out - some with losses north of 90%, but never mind - the gaggle of 'major shareholders' support everything Mr Bell does - one wonders why?

It will not be a Happy Christmas for Red Rock shareholders, is it ever though !

Empress Royalty has a new presentation, it says they expect that the Manica Gold Project will achieve commercial production in Q4, this obviously will be very beneficial to Xtract.

See page 13

https://empressroyalty.com/site/assets/files/6298/empress_royalty_-_presentation_-_november_2022.pdf

I see there is the usual bashing around suggesting a funding is going to occur, from the Interim Statement the net cash position was circa £1.45m + there are ongoing revenues from the alluvial gold and now Manica hard rock.

In my view no placing is needed in the foreseeable future therefore.

So Iceberg thinks the project is economically viable.

I assume Iceberg was the fellow Colin used to rave about in podcasts and presentations.

For those interested the RSI is now sitting at a 5 year low point, the shares are materially and I mean materially oversold on a technical basis.

I noticed a Tweet from this investor, he bought 20m shares, I seem to recall the rise from .35p to 1.95p started with a volume kick and new investors buying in big.

https://twitter.com/patviera

The market cap hit £35m back in Q1 2021 - it is now sub £4m !!!

I did suggest it was very unwise to act/deal on research posted on bulletin boards by anonymous posters, it seems many have today.

The author in question suggests he/she sold before posting the research so obviously not financially distressed in the after-market like many others. That seems worthy of note, is the individual seeking a lower re-entry price? - it happens !

I would be wary, as one or two others have stated the strip ratio is not known, this has a bearing on the numbers, AIM is a strange place, lots of vested interests at work.

The fall looks overdone IMO.

It's very dangerous to act/trade on bulletin board analysis from anonymous posters in my considered opinion, numbers can be interpreted in different ways.

I feel the drop is seriously overdone - have bought back in here, made a very good profit historically out of XTR - technically the shares are materially oversold, the RSI is at its lowest point for 2 years !

Buy the dips

Just out - Zak charting suggests a return above 3p is likely short term.

https://www.youtube.com/watch?v=zaroXsbOp5c&t=870s&ab_channel=**********

I have been suggesting that Omega is materially undervalued since the sub 3p days, it remains so.

Having listened to the presentation last night - oh how professional it was - it is clear the Health & Nutrition business is potentially world class + a significant growth driver, this entire business is barely valued at £3m currently.

No wonder the latest very well constructed broker note offered a target price of 12p a share.

Ignore the (ever reducing) bashers, those that have stupidly acted on their 'advice' have already missed a significant % gain.

This will continue to re-rate.

A post on the other BB pointed out that the RSI of Anglesey had only hit current levels 2 times in the last 5 years, on both occasions the share price rallied strongly soon after, the shares are significantly oversold therefore.

It was interesting to see how little buy volume yesterday moved the price higher and lowered buy limits in the process, it suggests the share price is going to rally from a very oversold position.

Next week AYM will be presenting at Mines and Money, the CEO said last year they received interest from prospective offtake partners and the stand was very busy.

One suspects now is a good time to buy in or average in my considered opinion, this has the ability to move 20%/30% in a day as liquidity is so tight.

The CFO let out they expected to receive the £4m within the next 24 hours and also confirmed an order from China will be worth £650,000 in H2.

The company seems significantly undervalued given the growth prospects, with £6.5m in the bank and an ultra-shrewd relatively new CFO what is not to like given the ludicrously low sub £10m market valuation.

This is a turnaround play from an exceptionally low base.

Bell is seeking authority to issue up-to 250m shares, he may not issue that number but if the motion is approved (as it will be because there is no way of outvoting the 'supportive' major shareholder entities) then he can issue as often as he desires without a further GM.

You have to search hard to find the voting form on the website - here is the link

https://www.rrrplc.com/wp-content/uploads/2022/11/264796-Red-Rock-Proxy-PROOF.pdf

My bet is the shareholder group (of which Helpful is one) will take part in the fundraise and they will also try and keep the dilution to a minimum pending the outcome concerning the Congo cash situation (or Elephant Oil)

I dam well hope Bell is not being allowed to acquire yet another 'must have' project, oh by the way, Bell was supposed to be seeking seed capital for another project in his recent excursion to Africa - one assumes this failed, if the money had been raised, he would have rushed out a RNS for certain.

The RNS was exactly as I expected, Bell is good at raising cash via any method available, what he is useless at is delivery of project value, on the RRR website there is a link to an interview conducted with a media outlet in January, he said he expected to list New Ballarat imminently, he also talked about other IPO's from the RRR stable - of course none of these happened, he puffed up Kenya, nothing has happened, he puffed up this that and so on, nothing happened, it's a never ending story of failure to deliver.

As I posted a few days ago I expect nothing will happen this year now, apart from some form of cash raise, who knows whether any cash will ever come out of the Congo, I am pessimistic, will they ever list New Ballarat, who knows, will Elephant Oil ever list in the US, no idea.

In any other business Bell would have been removed years ago, possibly a decade ago but the equity structure of Red Rock, referred to by the former and ultra-critical TR1 holder of RRR (now long gone) does not allow this because circa 25% of the equity is held by a handful of 'supportive' shareholders - it's a real mess.

Think of it this way, if the assets of Red Rock were so good why has another company not bid, Bell has only managed to get the market value of RRR past £10m three times in 18 years, most of the time it has been sub £5m - a totally woeful performance, during the period he has probably taken £2m+ in salary.

Here is the link to that interview, listen and weep.

https://tinyurl.com/3aa8p4xx

Oh BTW for Mr Helpful - I have been around here for 2 years I did not buy the highs nor have I lost a packet, I simply find the situation pathetic but feel for others who have been wiped out by Bell's antics.

Big Jo has been getting a bit of a bashing on Ad@fn over recent days, it seems they do not like his appetite to place stock at penal levels plus his outside and lucrative Non Executive roles elsewhere.

They have raised circa £90m via equity raises to date on the project, I examined all the RNS's recently since formation, as I said that equates to 56p a share.

I estimate Condor has spent circa £90m (based on cash raises) on the project to date, with 158m shares in issue this equates to 56p a share.

Surely they would want, at the very least, to get that investment back.

So there we have it, the reason behind the cancelled interview was due to corporate activity, Condor up for sale, so what price could be achieved, a far better one than the current share price that's for sure.

Market size has reduced significantly since yesterday, now down to 100,000 at offer price then it goes to a premium.

If one or two of my other investments start to grow (one did today) I will be leaving the environment of Red Rock forever, I was enticed back in a couple of summers ago when Bell was pumping the company in the presence of Tom Winnifrith during an online event called Mineprophets.

My reasoning was (wrongly) that Bell would be very silly to 'promise' certain value events to Winnifrith for fear of a backlash of gigantic proportions that only TW could deliver without delivery - not so, every claim Bell made at the time failed to materialise, no wonder TW backlashed last week suggesting that Bell has failed to sell just one asset/deliver and material dilution is just around the corner.

The fact is if you plough your money in here you are not investing in a well-regulated AIM company, you are investing in Andrew Bell lock stock and barrel. Bell holds all the cards - he is also protected by a layer of 'major shareholders' who see failure as acceptable and happily support him despite delivering no value for the best part of 18 years. How are they incentivised one asks, the last significant dissenter on this BB (a former TR1 holder in RRR) wanted a forensic audit, why?

One suspects there will be no material news-flow for the remainder of the year, the Congo cash is going the same way as everything else Bell has to do with - no-where, shareholders will never see it. The IPO of New Ballarat that was supposed to have happened this time last year will probably not happen for months and months ahead, if ever. It is noticeable that Paul Johnson at POW never mentions the JV anymore, he knows the situation and he knows Bell's record.

Then we have Elephant Oil, clearly, they are struggling to get the listing off the ground, who knows when/if it will happen, even so the 'value' it might bring to Red Rock has been eaten up by a £1m loan that Bell has took out (not RNS'ed BTW) with Prime Resources in June, that money has surely been used in its entirety.

As for Kenya gold, a JV or outright sale Bell puffed up in Q1 - simply an oasis in the desert, it will never happen., Bell likes telling stories you see.

The rest of Red Rock - a hotch-potch of projects that are figments of Bell's imagination, a bit like his Twitter posts which should be read to give prospective investors a flavour of who they are dealing with, go on read them, talk about contrarian viewpoints - he seems to support Putin as an example.

So what now, well a placing or funding round has to be imminent, will it be large or small, one thing for sure the Red Rock treasury is nearly barren - a BOD of Andrew Bell, Scott Kaintz and Alex Borelli - what a dream team NOT !

Over and out for now.