RE: RRR Helpful, can you kindly fill us in re: history of RRR.20 Apr 2024 11:39
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.