Member Info for Helpful

Well if you can buy physical gold at $2,350 in London/New York and sell at $2,450 in Shanghai there is a trade. Maybe they want the same gold contracts to be traded across the markets.

Bye then. Not sure what you want an answer to but I do have fund management qualifications and have run funds. I haven't done so for a long time because it is largely pointless.

Where the money is, is in taking positions in fundamentally mispriced assets. Reversion to the mean is a universal principle.

The trolls drivel on about the share price and capital raises. I have hinted a few times but as usual they either don't take the point or area capable of taking the point. RRR's share price and market cap is where it is largely as a result of its best assets being stolen. When the quantum is submitted in its claim for tortious interference those losses will be factored in.

If those assets hadn't been stolen all of its other assets would be further on. That will get factored in too.

Quite why Big G wanted to steal the assets and why/how they set the price at $430mil is beyond me but they did.

DYOR

News, it was Carp whose wife left him according to other posters. Zumore was posting on RGM at the time commiserating and saying Carp was hard done to. Nothing more.

Do you mean the suspension of mining? They did the same thing about two years ago.

News,

FYI https://www.voxmarkets.co.uk/articles/coventry-building-society-hires-jpmorgan-to-help-secure-co-op-bank-deal-0e79388/

As to winning a debating prize, I have never entered a debating competition. I was once asked to step into a debate with Austin Mitchell MP at short notice. The person who was due to do it dropped out with a couple hours to go. First I had heard about it. The motion was, "this house... The House of Lords is an affront to democracy". Anyway, I upset Austin, he said, "I didn't realise I had been invited to a lecture in linguistic philosophy". Anyway, bit of fun: the 600 attendees voted with him, as expected. What he didn't know was that I, like him, was a member and supporter of the Free Trade League and the leaders who were close friends with him were also friends with me. They gave me a Cobden Medal for services to Free Trade. A long time ago. Overall he was okay just a bit precious that night.

DYOR

News, re the accountant who contacted me; I know who he was. He gave me enough information to track him down. I asked AB about him but had no idea who he was. He called me three times. I have notes. He knew about Migori and the name of the individual deposits/prospects within the licences. He seemed to indicate he had been involved with RRR in the past.

Anyway, who cares? I think he just wanted to be paid and, ooh yes, be a director.

DYOR

Https://www.sharesoc.org/sharesoc-news/test-proper-purpose-company-law-red-rock/

https://harassmentlawyer.co.uk/online-harassment-case-study/harassment-of-a-company-director

https://www.lse.co.uk/ShareChat.html?ShareTicker=RGM&share=RgmL

All sorts go on with AIM companies: I have had death threats on more than one occasion because I won't cooperate with idiot proposals to take over companies and/or replacement management (more than one company). Most of the proposals come from congenital idiots. One accountant rang me a few times asking if I wanted to replace the RRR board and could we work together in it. So the first question is what proposal do you have and the second is how many shares do you have/do you speak for? Answers: no proposal and zero shares. Utter FW!

DYOR

I wasn't around when Carp was doing his thing: it seems Carp and Boring Boy were very similar in their MOs but Carp went further.

There is a post on here where Zumore commiserates with Carp saying he was hard done to. Supposedly, his wife left him when she found out what he had been up to. Again, like Zumore, Boring Boy, Dick and others it seems the main beef was with Regency Mines (RGM) and it continued into RRR. I understand Carp had multiple IDs on here. Another CEO of another company had similar problems: when they looked into it, the one person had 11 IDs on here. IMHO that sort of behaviour means you have serious mental issues.

The Carp stuff is in the public domain.

DYOR

So we touched $2,401 earlier. $2,400 is a bit of a resistance again

DYOR

6 ft 2in 16 stone.

Funny. I don't do pubs. So, does he know me? Probably not.

On the ACA bit re KPMG. I would be surprised if KPMG kept on an ACA mid forties/early fifties. I know lots of people who do M&A, both solicitors and accountants: they don't have time to drag people on here. Typically they are doing 16/20 hour day. I used to date a solicitor who did M&A and SPAs; she would say she would be around at 7pm and typically it would end up being 2/3am and she had to back in at 9am. Not being back in a 9am was deemed bad form. And yes I had to feed her at 3am and at 8.30. I know others on cases who didn't leave the office for three/four days on a deal close. They slept on the sofas in reception or on cots in their offices in between calls

I have also been involved in M&A and had to hang around for hours in case something needs signing. Typically they call you at the worst possible time and say, we need you to sign this and send it back now or the deal doesn't happen.

Anyway, let's hope he finds his peace.

DYOR

News, they are just plonkers.

Dukey is on at least his third user name. The last one was deleted, at his request, by admin after making drunken threats to me and salacious/vulgar comments about his wife/girlfriend. He then squeaked that he just wanted certain posts deleted and not the whole account....

The drunken late night comments are a feature but have been less frequent lately.

Anyway, not seen the one about my size.

DYOR

news, they talk through their bottoms.

the reason that rrr got musonoi is down to andrew bell and no one else. https://www.proactiveinvestors.co.uk/companies/news/209771/red-rock-resources-proceeding-to-completion-for-cobalt-and-copper-assets-joint-venture-in-the-democratic-republic-of-congo-209771.html

originally, drc was a tailings deal. we were promised x grade and y volume in the tailings and when rrr then did auger drilling it came up short. we were offered different tailings but they then went elsewhere, contrary to our agreement. 1620 capital (now bring minerals) and vup were for giving up. ab secured musonoi and the other two licences as compensation. at the time there was a moratorium on new licence grants but because this was compensation the grant was considered outside the moratorium. except for ab's persistence and negotiating skills, rrr would never have secured the three licences that were subsequently sold to glencore for $430mil.

he has secured good licences in victoria, zimbabwe, cdi and in burkina faso.

operations is not his skill set. getting good deals and good licences is his skill set. he also good at working through the legal messes that crop up in these jurisdictions.

their assumption is that super star ceo will walk through the door and make the world a happy place. the reality is that all junior mining company ceos get ****ged off eventually. look at ggp both ab and his sidekick pj got ****ged off over that, as did borelli.

dyor

I just had a quick look at some of his drivelling. Thick doesn't do him justice.

1. Cost of production: this is driven by the grade and how fast the alluvial can be processed. It is also driven by mechanised v semi mechanised production. Hard rock, at depth is typically $900/$1,000 per Oz as in the case of Soma Gold.

2. Mechanised at volume production will likely be around $300/tonne. In the short term it will be higher.

3. Water: the company has said it will need to drill two boreholes for water. We have seen that illegals have already drilled a well: the pictures are on Twitter. The water is recycled once the ponds are filled. Some will be lost to evaporation.

4. Heat: yep the company has publicly said it is too hot to operate during mid day. They will be operating two five hour shifts outside of the daily heat.

5. CLN: stands for Convertible Loan Note. The genius accountant is excited that he has found out that loans rank ahead of equity in a wind up. Surely accountants knows this or maybe this sort of basic knowledge is not required at KPMG?

6. It looks like the grade will be 2/2.5 g/t and that some gold is still fixed and so will need to be crushed. That means that total gold is a lot higher that 2/2.5 g/t. NB no one "knows" what the grade will be until the operation is up and running: that includes AB, Willem and Sam. Not "knowing" does not mean it is zero.

7. The illegals were operating a wash plant operation: that confirms that the grade is not zero.

DYOR

DYOR

News are you talking about Boring Boy? He has issues, lots of them. He makes stuff up and then goes on about the same endlessly. I doubt that he is a partly qualified accountant; his knowledge of accounting seems de minimis. For instance he went on for months about an intra company loan being an undisclosed liability. He was corrected about it several times but returns it it repeatedly. Same with the former charge on RRR assets. He simply doesn't understand what he goes on about or if does then he deliberately lies about them. I am sure KPMG would like to hear about one of their accountants trying to manipulate a share market and bringing them into disrepute. Holding himself out as expert (ACA KPMG) removes any defence he would have against being accused of market manipulation. Yes M'Lud, it was an honest mistake, repeatedly over months despite being corrected and being an accountant with KPMG. Yes M'Lud several mistakes (plural), repeatedly over months.

No one knows if I took the placing or not, I haven't commented and if that drives the trolls crazier then all to the good. If I did take the placing, where is the TR1? In fact no TR1s from anyone. I don't know but given who the broker is I suspect Mr Black took some.

DYOR

Terrible presenter. You right about the read across.

DYOR

dukey, stick to stuff you know about, horse****.

another expert who doesn't understand clns, i used to get the same nonsense from tragic. he used to go on about what the terms of the cln were and how they worked and how i was up the creek. the clns have a very nice coupon, thank you very much.

dyor

Https://twitter.com/PeterSchiff/status/1781245311320539641?t=BhI8XSJGj-ca9y3VRdgLSQ&s=19

DYOR

Make your mind up Doggie, I am a ramper trying to ramp the share price higher whilst the same time shorting it and taking the placing but forward selling it? Even you must know how stupid you sound?

Did I not state what the trade was yesterday?

"Just back from a one day trip to Kenya and already planning for a longer trip to Burkina Faso. And I so love the English Spring and I keep missing it ..."

He has said he has to be there for the start of operations: he effectively has said that operations are about to start.

DYOR