Member Info for HawaiifiveO

Someone was very happy to take 3.7m shares at 4.5p, a premium to the current price.

As pointed out drilling results are imminent !!

Surprised more buyers have appeared.

Pointed out on RNS day that 'the number' was known in city circles for some weeks ahead, the same circles will have some clue how financing discussions are progressing, as such best keep and eye on trading volumes, if a deal can be struck the equity could rebound in value PDQ.

It looks like the new team have thrown in the kitchen sink in with the new number which is probably a prudent move.

It would take quite a while for a prospective bidder to build a decent equity position in this company under the radar, the signs have been there for a while, larger block buys appear from time to time in batches of 250k/500k of shares, the company only has 238m shares in issue so these trades could quickly total a fair % of the equity.

I remain convinced CNSL will be acquired by a competitor, that time is approaching IMO.

You have to be in it to benefit, ignore the bashers, £6m m/cap with £4m cash, in a sector worth $44b and growing annually, no wonder the company is attracting worldwide attention.

DYOR etc

look how they are chasing ecr since a new bod was put in place, now a £6m m/cap and their only project of worth being a gold licence 4 or 5 times smaller than red rock has nearby in victoria - the difference being they are focussed and concise about creating value whereas bell has a scattergun approach, you never know what plate he will spin next.

what this proves is, under the right management regime, there is material value in the rrr portfolio but ab has no clue or incentive to deliver it.

in the meantime everyone waits for drc, it seems the goal posts have moved yet again if the post helpful made the other day has a ring of truth in it re the ministers.

this is the fellow (barry) who is dealing with rrr's affairs in the drc, he was photographed with bell at some s****y hotel when bell was staying there last year. can he deliver the cash ??

https://twitter.com/barrykzd

Look what has happened at Corcel and ECR since new management came in, both have multi bagged and their existing projects were nothing great.

Andrew Bell has stated on the other bulletin board that William Black's position in Red Rock is being managed by First Equity, in other words they decide when to buy and sell his shares, it does seem that he is keeping a core position nonetheless.

In respect of FE historic trading on behalf of Black they seem to have a pretty good feel of events and have banked a profit more than a few times, the best being late Q3 last year when the shares moved from around current levels to .30p. As FE is the company broker some may question the ethics in being able to trade for a client in this stock but this is AIM where all 'rules' are loose.

The removal of Kaintz at the AGM was the same as previous demands from one assumes the 'major shareholders' i.e. the resolution being withdrawn, one does wonder if these same shareholders are demanding a complete change of personal. Under a new team the project suite RRR has could deliver material value, AB's scattergun approach is simply not appropriate for a cash starved minnow.

At current levels the shares are 'option money' just one meaningful development and you are looking at multi bag potential.

That is why many are here.

The big boys are up to their necks in historic loans to HZM, they have no real choice other than support new financing, when you are dealing with such large entities they have no interest in the current share price but could equally be happy come in on a equity raise at, say, 20p a share (par value)

It is all speculation until the next meaningful update, no doubt the shorters will bash and bash nonetheless.

A very positive update, 100m of mineralisation is eye watering.

The market will continue to re-rate the stock IMO.

Aim Dogs

You will get no meaningful reply from company trasher Banburyboy, this individual denies everything and will never disclose the purpose of spending night and day 'at work' here.

Andrew Bell should expose BB like he threatened to do a few weeks ago. BB seems to think he is bullet proof but there is ample evidence on this site to show he has been party to shareholder value destruction just like C@rp had to admit, C@rp had to pay significant compensation and make a grovelling apology.

There is no explanation for the hysterical bashing by the aforementioned individual other than the sole aim of destroying Red Rock. The shot across the bow fired by Bell has made no difference at all to his venomous attitude, has this individual deep pockets one wonders? Maybe his employer has, he/may need them.

Helpful ask Bell to pursue this matter !

Today's number was known in city circles some weeks ago, it was mentioned (circa $400m) in a casual chat at a investor event by someone close to the industry.

Question is how much of this is in the share price already based on the fact that certain entities already knew the number, you can bet your bottom $ that bashers will appear now and try for more shorting gains.

It is all out in the open now, let's see what comes next, the consensus so far at least, seems to be the new team will secure finance and the project will move forward. It looks like they are trying for finance conclusion sooner than later as they mention weeks in the RNS.

Time will tell.

When you look at the other Non Execs you have to ask what credentials they have other than nodding donkeys to Bell, I have the feeling something material is afoot here, the company is in dire need of change.

Bell has shattered market confidence (recent events) and is ageing, the suite of projects need thinning, those worth keeping need some serious development via JV or project finance and market promotion, of course disposal/sale is another option.

Let us see where we go, the idiots who are bashing this 24/7 have an agenda, it is very interesting that one of them no longer bashes Corcel now Kaintz and Bell are out of office. This is an example of how Bell is despised by some and is a negative influence here, of course he does not (or will not) see it that way.

A new team could revive this company, it is a great shame that Paul Johnson, once a chum of Bell, decided to head for Katoro Gold (formally run by another woeful AIM value destroyer Louis Coetzee) Bell has probably fallen out with him as PJ ditched him at Power Metal due to shareholder anxiety.

Maybe there is more to Lenigas becoming an advisor than meets the eye, after all he has significant contacts.

All to play for.

Scott Kaintz going is good news, Bell is no spring chicken either, maybe just maybe we will see a Corcel style reinvigoration here shortly, for sure those attending the AGM must have had some strong words to say about the management performance.

At current levels the stock is priced at option money, just one project properly managed, could deliver multiples of value.

Bell still remains but it would be foolish to remove him ahead of what seems a critical time in the DRC process, maybe Bell himself will voluntarily hang up his boots in due course.

Pretty concise RNS, so they are checking the numbers before confirming the way forward, it is interesting that they mention sale (right of 1st refusal etc) the JV partner Managem Group having acquired Boto mine next door, they would certainly not want to give up the very lucrative exploration land next door would they, this is discussed in their project overview section.

All still to play for, it is clear that ORR's 41% stake in Senala has significant value not currently reflected in the market valuation.

The fact Managem have to spend $31m to dilute ORR to below 10% indicates that valuation metric.

The share price hit .57p on 22nd January, shares can now be bought around .33p but once any decent sized buys hit the market they move the offer to .40p in a flash.

From a technical perspective the RSI has gone from overbought 85 to a neutral 49, there is strong chart support around 33p mid price.

Would be surprised to see any more downside from current levels therefore.

I feel we are not a million miles away from news, the recent drop has been on very low volume and currently there is no stock on offer at the advertised price.

Come on AYM get that Grangesberg deal that Joe hinted at across the line and lets have a material re-rate of the equity.

Very little stock on offer this morning, the market makers continue to quote 3.17p for size.

There is no doubt in my mind the shares will be moving up again, the last run up in November took the price to 3.2p however that was from the low 1.6p base.

The re-rate will continue, you have to be in to win with these small caps, a touch of modest buying pressure and this could hit 4p or even 5p PDQ.

IG are asking 3.17p for £15,000 of stock, it shows how sensitive the market is here, news may be around the corner, the company is in full on growth mode, one industry source was asking if CNSL had operations in Australia, you need to know know where to look who it was.

Clearly there is strong demand for CNSL's offering.

The bashers are economically bankrupt having bought at 80p+ and are now here to stop folks buying at 3p !

Buy low sell high !!

All I can say is the company and it's advisors are watertight when it comes to price sensitive news, you only have to look at the recent JV RNS's, there was no rally or volume kick in the stock price before that news was released.

I also suspect that the wider market has no clue about JV expiry at Senala and the possible consequences, if they do sell the licence it will come as a surprise and the stock price will surge, remember it hit mid .50p's on the last news.

It is also worth remembering the last interview with the CEO when he implored shareholders to stay with the company as a great deal of value creating news was upcoming.

The sector has gone back into underperform mode over recent weeks but this does not mean individual stocks cannot multi-bag if the right news hits the market.

This is not a time to be out of ORR IMO.

I see PREM have placed yet again, they have raised £5m since December, the share count is now approaching 28 billion, they owe the Chinese circa $30m who have pre-payed that sum for Lithium deliveries that should have happened last June, PREM are in breach of that contract.

Investors continue to chase the stock despite it having a remarkable £80m m/cap, Lithium prices are on the floor.

VAST is valued at £3.75m with debt of circa $8m, a remarkable divergence in valuation between these two companies.

Just saying.

CNSL are currently in Dubai, an area which the CEO describes as important for the company, clearly they are making inroads into new countries which further enhances the growth prospects.

The bull case remains here, note the somewhat pathetic attempts by certain entities to attack the bid with small sells throughout the trading days, been going on for an age, then all of a sudden someone snaps up 250k/500k of shares - still think a bid is on the cards.

Jag comment...

'We are up and running at Medlab Dubai with our long standing partner Babirus for Medical and Laboratory Supplies.

We look forward to meeting customers, partners and prospects in what is an important region for us'