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The issue here, like many AIM junior mining plays, concerns the 'rolling short' scenario.

What is a rolling short you may ask, it is simple, when a company continually issues new shares entities get wise and place bets on the stock falling via various mechanisms, these entities will use bulletin boards to disrupt and destroy positive sentiment, in the meantime stock, often not owned, is sold forward (usually called naked forward selling) this selling drops the share price, it also may trigger stop losses which further adds downward pressure, a downhill snowball effect occurs.

In RRR's case these entities know that RRR (Bell) will issue stock regardless of price and that allows them to naked short the stock without risk. Anyone who has shorted this stock over the last 24/36 months has made a fortune.

The only way to break this scenario is for the company to do something unexpected, as it stands right now everyone expects Bell to place stock, the likelihood is that 200/300m/400m shares have been naked forward sold as the sellers expect to be able to close via a new issue of stock (the placing)

If Bell does not place stock but finds cash elsewhere and further states that funding via equity will no longer be needed in the medium term then the share price will rocket as the scramble to close these naked short positions will create a very significant bear squeeze.

The 'issue' with RRR (Bell) is the never ending dilution process, has anyone ever considered that the 'major shareholders' might also be shorting the stock, they could loan their shares for a fee and be part of the aforementioned process, who knows, every angle needs to be explored or considered and why not.

Let us see what happens, above all else RRR needs to stop endless dilution and deliver alternative routes of cash generation ASAP.

The Prof seems rather chirpy in this interview concerning Karelian earlier this week, anyone recall the time when he stated he was furious that CGNR shares were only 20p and he was going to do something about it. Well they are now under 8p !

https://youtu.be/5Y6tRV606V0?feature=shared

The fellow who took £300k of shares in the last placing, introduced by Roast PR, is now down circa 50% on paper, cannot be happy.

If a new JV partner is announced the shares will hit 15p/20p in a flash, if it is a major then 30p/40p cannot be ruled out. The Prof needs to deliver.

The 1.2m trade was an off market transaction, there have been others, hard to draw ultimate conclusions but, once again, it does suggest someone is accumulating, the overhang that was sitting around early last week has cleared, only £4k of shares were on offer towards the close.

The shares look poised for a up move, the technicals have gone from overbought to oversold, this means there is a possibility for upside beyond 4.75p before moving into oversold territory.

A good time to add or buy in IMO.

Https://x.com/MarcFCMetals/status/1804859562916237467

https://x.com/FirstClassMetal/status/1804924933157650671

Of interest and probably relevant here.

I attended a investor event recently where the topic of criminal gangs working from overseas shorting via spread-bets and CFD's the small cap sector, their main method being electronic boiler room operations bashing the target companies on bulletin boards to destroy sentiment and depress the SP.

Apparently one company has sought professional advice to track these entities, the CEO being fed up with constant bashing and lies posted on online forums.

It will be interesting to see the outcome, following this post there will be the usual 'suspects' rubbishing it however the level of bashing on many junior forums has reached new highs, something is clearly behind it.

As I have mentioned many many times RRR needs to stop the endless dilution and kick these shorting entities in the teeth, how can it happen, well there are many ways of raising cash, the main one being at project level, this is what ORR did and their shares rose from 0.07p to .57p within a few weeks.

The difference is ORR has a high class management suite capable of securing JV funding from a credible outfit, RRR (Bell) seems happy to seek finance from the favoured few, this needs to change.

DYOR etc

Its at times like this is when you wish the Lanstead deal did not exist, their selling can be easily absorbed in high or medium volume days but if you get a period or 5 or 6 sessions of low volume their 1m/2m daily sells hit the share price.

The 'keep topping up' thread line cannot be more appropriate than on days like today, I have a feeling the new leadership regime are finally focussed 100% on shareholder value whereas under TL/BS it was more like lip service, it is only a matter of time before a material re-rate occurs here.

DYOR etc

Today

https://audioboom.com/posts/8525846-midweek-takeaway-featuring-marc-sale-ceo-of-first-class-metals-lse-fcm-fcm

Not sure the RNS from POW warrants a RRR RNS, it simply states what RRR have already reported to the market, maybe RRR have other things to say later, interesting that Lenigas is currently 'inside' on matters Red Rock, maybe he is working on the New Ballarat listing or maybe some other form of corporate activity re the transaction.

It is not unusual for AIM shares to re-trace somewhat, what is interesting is the market makers seem very reluctant to allow buys in any size as they drop the SP, almost certainly to trigger stop loss positions, there is no obvious large scale selling pressure.

The next up move could be dynamic, I have seen it happen, the RSI is now in oversold territory, from overbought 90 to a very oversold 28 currently.

Patience, the positive operational dynamics here have not changed one iota.

I believe this interview could be significant, no better an investor than Rick Rule, for those with long memories Sprott was a 5%+ stake holder in the old Stratex (now ORR)

The new management seem determined to get Oriole on the map, quite recently a Rick Rule vehicle bought a significant stake in POW.

The must be some chance RR or Sprott could take a position here, very positive PR which could lead to even stronger demand for ORR shares

https://www.mining-journal.com/resourcestocks/resourcestocks/4323705/oriole-targets-untapped-assets-cameroon

How much is FCM worth to POW

I suspect FCM will be trading closer to 5p per share within six months.

https://ftseaim.co.uk/power-metal-resources

Https://www.youtube.com/watch?v=8r7ZeZyj5Q8

From one CEO to another, you can bet your bottom $ what is coming next, this lot could not realise value if it kicked them in the teeth, for goodness sake what about monetising the Grangesberg stake like the former CEO eluded to.

What about securing project finance for Parys Mountain

Why not bring in a JV partner who will do the paying

Instead they have probably made the call to the nearest bucket shop broker who has probably been forward selling over the last month (or more) and then will offer them a 'great deal' of £500k/£600k for a near 50% discount, 2p in January now .90p bid, well done that new CEO.

Where is that Alan Green propagandist fellow now?

I do not think the market can hold the current price in range much longer, with so much news due and buyers appearing on every drop the up trend/suppoert is established.

Once through the .40p's the next move could take the price into the .50p's the last intraday high was .57p remember.

There does appear to be a emphasis of JV's or outright sale of projects in the AR today, that has to be good news moving forward. Creating shareholder value.

Director buying is positive here and the rules concerning being 'inside' are complicated, for example if they are waiting for drilling results directors can buy, if they have the drilling results and have not RNS'ed them then they cannot.

The same applies to potential new JV's, if they have spoken to XY & Z and there has been no firm commitment then they can buy, if they are aware, even verbally, one of XY or Z has stated they want to proceed with a JV then they cannot buy.

What I am suggesting is just because a Director makes a stock purchase does not necessarily mean news will not come in a set period of time.

I concur with others the weight of news here should propel the share price higher in due course, the last RNS took it through .40p for a period but the markets have been poor since however the price is holding up, bodes very well IMO.

Https://x.com/DrRyanDLong/status/1801245586999353539

First Class Metals PLC LSE:FCM FRA:WN9 has sold the McKellar & Enable properties to the Seventy Ninth Resources (79th Group) for £270,000. Alongside this, the 79th Group has also provided a £230,000 loan while it continues to progress further due diligence over some of First Class Metals' other assets.

The sale of two projects not only brings in some much-needed funds into First Class Metals, it also validates its early-stage exploration incubator strategy. This strategy sees it advances assets up the value curve before monetising them to generate cash flow without dilution to the share structure.

Both the loan and the proceeds from the asset sale will be used for general working capital and to advance First Class Metals' other exploration projects. The secured loan has a 12-month term and has a 15% interest rate with repayment on 25 May 2025, the loan is not convertible.

Thoughts

With funding secured First Class Metals should now be in a position to file its full-year 2023 accounts and recommence trading. With the shares re-trading, we would expect to see the company continue to rapidly advance its exploration projects located in Ontario, Canada.

Another X post today

https://x.com/FirstClassMetal/status/1800457259673112796

The only thing that comes to mind based on what we know is that POW CEO Sean Wade stated quite clearly that POW's upside will be aligned to RRR's share price regarding the sale of the Aussie project stake, the vast majority of the equity will be passed to POW at .15p a share.

As ever with Red Rock the flip flopping from one project to another, without delivering any value in between, has left AB in a corner, who knows if there is a consortium ready to pounce and oust him, never been a better time to build a position and do just that, Black now has 10% (possibly more) his reasoning of doubling his stake remains unknown.

Ridiculous price action this morning, no wonder the market makers are keeping the spread as wide as a barn door, looks like they want shares at a discount to sell higher up.