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This remains chronically undervalued, finally the company is getting on the investment community's radar, and no wonder, how many minnows would like a cash account balance of £4.4m with growth/margins reported across the board in the last update.

The market value is still only £8m, the Health & Nutrition business has been valued at £25m alone.

The difficult part is getting your hands on the shares.

This has just been re-tweeted by Zaks Traders Cafe - has over 24k followers

https://x.com/Oilplayer2009/status/1772562900508450892?s=20

I am convinced Lanstead have sold a fair number of shares to get the price down from the .40p range which looked pretty secure from the intra day high of .57p on 22nd January.

Taking a look at the volume since their last TR1 there have now been 1.6b shares traded in total, around 45% of the issued capital, my bet the reasoning for not declaring is they do not want to show their hand as a high number of shares sold by them (say 250m/300m) will encourage the bulls, that is the last thing they want.

I do feel they should be reminded of their declaration responsibilities nonetheless, just another AIM anomaly.

From a technical perspective this is perfectly poised for a move back into the late .30p's region.

It can only be a matter of time before a serious offer for the company comes in given the progress made in Cameroon, as I stated before, what major or mid cap can ignore a large scale new gold trend in a virgin country. They can't !

I would suggest Barrack are favourites.

Discusses recent events and prospective deals ahead with a number of interested parties asking for site visits of the properties, it looks like one deal in particular could deliver a significant value event if completed.

FCM interview from 13 minutes.

https://tinyurl.com/5xrpfukd

Just curious as to what has happened to 'News' and his posts seen to have vanished, has he been banned ?

I am wondering how much 'ammunition' Lanstead have used to get the share price down to the .25p region, they have still not declared and it is approaching 3 months since the last TR1, (end December) when they informed they had sold 200m shares amounting to 50m a month.

My view remains their selling is IRO 200m to 300m shares, I am sticking to the higher end, if so that is extremely good news moving forward as it limits their ability to knock the price further down the line.

The current situation seems quite bullish on the technical's, have also noticed the market is extremely reluctant to sell you shares around .25p this week, it does look like the floor is in here, a bit of a volume kick could deliver a decent % move therefore.

Gold at current levels increases the value of all projects, also remember Senala where some deal is ongoing, the price rise will assist there for sure.

Bell has gone silent again, not responding to a comment over the DRC today on X.

It appears he is still in the DRC, so it will be a week tomorrow, as opposed to the couple of days he suggested on Stockbox, either he has, yet again, ran into a brick wall or his he about to close the deal?

Just released.

https://x.com/vast_resources/status/1770791270144708716?s=20

Well they have bagged £250k over the last month which has to be positive, the news printer also seems to be active so one wonders what else is to come, only circa 80m shares in issue means the company is only valued at £2.7m compared to £12.5 early last year.

Would suggest the floor is in.

More news today, they are portfolio building, the spend looks tiny over a number of years but what these portfolio enhancements do is offer the chance for either JV or some other form of non dilutive funding via project level finance.

The share price has been in terminal decline for 15 months, falling from 18p, it would not take much by way of volume to reverse the trend, the floor must be in with commodity prices rising strongly, especially copper and gold.

With gold at current levels how can these junior explorers remain in the doldrums like they currently are, I recall some years ago how the entire sector was dragged up on a rising gold price with many micro caps delivering life changing value creation for shareholders, over the last 12 months gold has risen $400oz yet the sector remains comatose. This cannot last !

The rising gold price makes the likes of ORR very attractive to suitors, how can any major or mid cap ignore a possible new gold trend in Cameroon, the CEO has described Cameroon as the next Tanzania in respect of gold discovery, if ORR's market value (£9.5m) does not start to improve company is a sure fire takeover target IMO.

A number of market makers are sitting on 3.7p offer currently, the volume kick tells you all you need to know.

The market is waking up to the clear undervaluation, not many circa £7m m/cap AIM listed companies are sitting on £4m in cash leaving the rest of a very well regarded business in for next to nothing.

The shrewd are buying and will continue to do so, fair value is several multiples of the current m/cap, also worth noting the sector is recovering from a very low base.

The investment proposition remains compelling.

It looks very much like they are trying to fill orders in the background, across many platforms the stock is 'at best' on small quantities.

What's not to like, cash of £4.4m last reported, sales up (circa £10m pa), margins up, growth, expanding into the UAE and USA, established markets in China and Europe, all for a EV of £4m, it's bordering on ridiculous.

This will be over 5p PDQ, once attained those broker targets of 10p/12p a share will not looks so fanciful .

Buy low sell high !

BB

As ever you have distorted my reply to Helpful to suit your agenda, do I believe there are naked short positions in RRR equity by parties close to the market answer is YES !

In respect of the DRC, as I pointed out the counter party wanted to bag all the money for themselves, that has now moved on, it seems the counterparty now wants their money just like RRR, it appears that minority interests are trying to bag some of the cash (Bell mentioned the counterparty solicitor for example) I think we may be close therefore as these entities can be brushed aside quite easily IMO.

Where Bell fails woefully is his muddled communication and yes there has to be some timescale for him to be judged or he can play the DRC cash card forever.

IF Red Rock had a competent and focussed CEO then there is significant value in the portfolio, it is crystal clear that Bell is not the man to deliver value and change is necessary, Bell is no spring chicken, he also owns 40m RRR shares which cost a darn site more than the current and pathetic 0.07p so maybe one last swansong and he goes, who knows.

The fact that RRR is only valued at option money means that just ONE decent event and it could multi-bag, that is why the proposition around current levels is a good one.

I find it interesting that the fellow who bought this company at 50p/60p/70p sucked in by the hype and presumably greed when the market value was £60m+ and lost a fortune is now advising, almost demanding, folks do not buy when the share price is circa 3p ??

Anyone who was foolish enough to act on this 'advice' has already lost a 100% gain, fact is the company remains woefully undervalued, serious investors can see that and will not be selling anytime soon. The shares will continue their upward trajectory therefore.

Once again, for the benefit of new readers, the last broker target price was 12p, the last commentary suggested the Health & Nutrition business was worth £25m or around 10p a share.

You can currently buy CNSL at 3.2p, but not for much longer IMO.

The silence from Andrew Prelea is interesting, his last interview was on 18th January, just over 2 months ago. I had heard some 'noise' from various sources that a number of PR outlets would no longer interview him due to concerns over reputational damage and his vagueness over the historic parcel, after all he has ben peddling the same line for over a year now.

In his last interview he was suggesting the lenders would remain supportive to VAST as they had understanding of what was going on in the background, he continued to suggest there was much more value in VAST than the diamonds.

The valuation anomaly VAST v PREM is staggering given PREM has failed to deliver any lithium in over 12 months to Canmax their offtake partner yet have received a prepayment of $30m, PREM m/cap is still circa £70m with VAST circa £3m. In my view VAST is materially undervalued against peers.

I suspect something is about to break and it needs to be positive, time will tell however I feel the VAST investment proposition from current levels is compelling. Just one item of positive news and this could easily multi-bag from a very low base.

Last interview

https://youtu.be/u_WV6H4nK8w?feature=shared

Link here, his reply was 9 hours ago

https://twitter.com/sharedycat1/status/1770046454280630781?s=20

Helpful

You know as well as I do if Bell had secured $7.5m and 'Mr Cornish' was reviewing the RNS the shares would be flying now, ever heard of leaks. The million $ question is what next ? Bell's silence on X tells you all you need to know, maybe the excuse this time will be the pen ran out of ink, the matter is farcical. Ever since the situation in DRC came about Bell has used it fully as opposed to delivering value from other projects, he continues to use the bucket shop brokers despite them kicking shareholders in the teeth every time.

History tells you Bell has no interest in shareholders (other than the 'special ones') so what comes next, Bell could not sell an asset even if they were in the form of gold bars, he would find some stumbling block, he always does.

In all the situation is pathetic, Red Rock equity is comatose, you Helpful are here every day posting links and irrelevance's all the time knowing the real problem lays at the top, you and your chums will not remove him, you argue he is needed to secure the DRC cash, every day AB stays he destroys value, the market has lost total confidence in him.

Over the 19 years Bell has been around he has raised north of £40m and we currently have a £2.5m company !

Folks really are clueless over market matters, how often do you see post on bulletin boards from individuals saying this or that stock has no short position because this or that website says so. Its rubbish !

Lets make it clear, the short positions are held 'inside' by market entities, namely brokers/market makers, they never declare, in some cases they can legally be short in other cases they ignore the 'rules' and play fast and lose.

So Red Rock is valued at a few £ million, yet PREM who are in default of a $30m prepayment and have not sold a molecule of Lithium, could also lose their Zulu project as a result sit at a £80m m/cap - go figure, is the market bent, you bet it is.