Member Info for HawaiifiveO

Some interesting commentary over on the A@VFN bulletin board as to why the Congo deal may not have been a good one, probably why Anderson effectively blocked it.

Maybe a blessing in disguise, buyers are hoovering up the cheap shares.

I see Zak Mir covered OMI yesterday, seems to think the shares are poised for a move back to the 40p's - looking at the chart proposition I tend to agree.

Bell interview just uploaded

https://twitter.com/StockBoxMedia/status/1380247355086102531?s=20

The market is bidding hard for stock currently, is Anderson increasing his stake further, looks like it.

Cannot buy a single share currently - IG have no quote for 5k to 25k of shares - usual dirty tricks by the market makers to quell demand.

Have added this morning, will continue to build a position, this has become a very interesting proposition for a number of reasons. £4m cash is one of them.

Having taken a brief look at the holding RNS statements it is pretty clear Anderson has put in around £3m, he first appeared on the register in September 2016 when it was announced he held 39m shares - he now holds 103m, his last purchase was in September 2020, he may have been made 'inside' on the deal which would have stopped him increasing his stake further.

The trading range over his tenure as a major shareholder has been 6.25p to 0.60p he has been adding throughout, he was also quite aggressive leading up to the proposed transaction.

I see no reason why he would throw money at ORM without purpose, he clearly has a vested interest for the shares to trade far higher, I expect to see more buying from him now the deal is off, this in itself will support the SP if it happens.

As per my previous post I expect to see a requisition motion called for removal of the BOD and new proposals, Anderson will not allow the remaining cash to drain away on G&A and (modest) salaries etc.

In my view ORM is in play and it's a watch this space situation, I will be adding !

Twitter

https://twitter.com/OrosurMining/status/1379764909165150208?s=20

Incredibly negative commentary on this BB all of a sudden, no deal they cry, oh well what a pity, how does anyone know the deal was a good one, the same folk who are bashing the BOD clearly believed them when they said it was a great deal (or words to that effect) how strange ?

There was never any clarity on how many shares the BOD wanted to issue (diluting Anderson in the process) they could have issued 500m or even 1b new shares in the future, why should a major shareholder put trust into the current BOD to deliver value in the Congo having failed abysmally in the past ?

I am betting on Anderson calling for EGM to remove the BOD (it would not be costly the highest paid is on £65k a year) he may also have a new plan for value creation.

Folk selling now at current levels is plain daft IMO, albeit some siren voices are coming from historic sellers probably hoping for a new entry point, Anderson has probably paid as much as the current m/cap for his 21% stake - he is hardly likely to want to lose it is he, therein is the clue.

The next news could be just what the Dr ordered.

Nothing available online early doors - IG wanted a premium for just 10,000 shares 1st thing - now upped bid/offer - looks like there are background orders being filled

This is seriously oversold (from 40p) a decent bounce is well overdue.

One can only assume the large 21% holder (Anderson) is no mug and would have inside information on the proposed deal - maybe the deal was a atrocious one, come on the Congo is hardly a great destination, other AIM juniors have picked up top notch exploration land in Australia or Cypress as an example.

I would not rule out a requisition RNS from the major shareholder aiming to have the entire BOD removed, why not, he has the power and surely the motion would be passed.

I bought in this afternoon around the 1.1p mark, I believe there is much more to come from Anderson, in the past he has moved into the market and bought on drops, he could continue to increase his stake.

If there was a requisition with proposals from Anderson I am convinced the market would react favourably, the cash ORM have is very meaningful and useful, ORM is not a basket case, the BOD seem to be the issue but they can be removed.

New exploration licences can be picked up quite cheaply (see the model POW use) that circa £4m can go a long way and is very appealing.

One thing for sure is Anderson will not sit around and allow the current BOD to eat away that cash on salaries, I feel a requisition coming !

Despite the fall it is exceptionally hard to buy AYM in any real size, have placed a limit order this morning at full offer and cannot get it filled - I find this incredible for a Main Market listed stock.

I remain of the opinion the directors strange decision to use a ETX/Monecor, a Spread Bet entity to raise funding baffling, hopefully they will see sense and never use this outfit again.

It is hard to buy for a reason, my bet is there is a large naked short position in the stock and entities do not want buy volume disturbing their fun and games, AYM has historically attracted 'herd' traders, if they see the shares moving up they will pounce back in and the shorts could get crucified.

Good luck trying to buy, test the market and see.

Magic

I have no long term interest in Red Rock, I am no fan of Bell or his antics however there comes a point when even the dung of AIM companies occasionally deliver value even if it is a short term spike in the share price.

According to a recent interview by Paul Johnson of POW Mr Bell has his uses, Johnson is no mug, he suggested Bell has contacts which are beneficial to him and POW, he refers to Bell's contacts in Africa and elsewhere which are essential to attain licences etc.

I fully believe, given various upcoming events, the share price will head higher and that is why I have taken a position.

Andrew Bell is living in a parallel universe, if anyone follows his personal Twitter feed you will see a diatribe of thought processes and commentaries, he even tweets such irrelevance during business hours, he even tried to stand as a Member of Parliament in the last election for whatever party Nigel Farage created at the time.

It is pretty clear he has to be moved to one side at Red Rock for there to be any meaningful capital appreciation, in a nutshell, putting it politely, he is a lose cannon. He simply itches for the next 'must do' deal regardless of whether this will ultimately benefit Red Rock shareholders.

One sincerely hopes the major shareholders at Red Rock insist things must change, it has been hinted that a new management team is inbound, hopefully Bell will be moved sideways and let them deliver the obvious value that exists in the portfolio. It MUST happen.

Bell will never accept that he is the liability, he does not care how much criticism comes his way, it is like water of a ducks back.

I think it is a good time to be in the stock as there are many catalysts to propel value nonetheless

https://twitter.com/ABell2019

The RSI on AYM sits at 23, to say is it is materially oversold is a understatement.

Whoever is shorting this have done a great job, they have polluted the A@VFN bulletin board with poison, disrupted this one and happily boast how low this will go.

One has to ask why AYM management decided to use ETX (Monecor) to raise funds, I have not seen one single company Monecor raise cash for do well, when Kibo Energy ditched ETX their share price doubled in a week.

Folk need to understand that brokers/market makers can run a short book on any stock without declaring their position, there is also a well known blogging outfit where their participants tend to short as opposed to going long, this outfit have been negative AYM for a long time now, a clue is they run Bearcasts.

Often shares like AYM that are materially oversold are prone to spike when least expected almost certainly down to short closing.

Those shorting need to replenish their naked positions (means selling shares they do not have), so will management oblige via a placing or have they the willpower to say no, if so the short positions will have to buy back in the market and the shares will spike.

Anyone who has contact with management may like to ask them to move to a more regular and user friendly broker.

There appear to be multiple catalysts for significant share holder value creation - 3 IPO's for a start - hopefully the major shareholders will turn the screw on Bell and restrain him from further fantasies - very encouraging to hear of a new management team coming on-board, very much needed.

The assets could propel Red Rock into £100m+ company.

https://twitter.com/Oilplayer2009/status/1376262279281455108?s=20

A good entry point into OMI, would expect a weight of money entering next week ahead of expected news, it seems the market makers have taken defensive action due to expected end tax year selling, many stocks are significantly oversold on technicals and should bounce shortly.

Juno expected to list on the ASX on 13th May - more good news for RRR

https://www.jupitermines.com/cproot/1019/3/20210325%20Notice%20of%20General%20Meeting%20and%20Juno%20Minerals%20Replacement%20Prospectus.pdf

Looks like they are going to recruit new blood onto the Board imminently - Bell talks about a plethora of near term news-flow - it seems to me that pressure is on Bell (from larger shareholders no doubt) to return some shareholder value ASAP