Member Info for Longterm

As helpful knows (and we certainly have our differences, many, as there are many negative things about how this company is run), I rarely get my timing buying into this share wrong, sometime yes, but I’m in again here, in decent size. 10m as well this morning that doesn’t show yet.

I’ll always give a balanced view - lots that is frankly a comedy show with how this company is run, but the risk v reward at this level/time means I’m overwhelmingly in. Funny enough, the last time I owned 22m shares in this company I had to file a TR1 for being above 3%. Now 35m doesn’t even get me 1.5%. Says a lot, but there’s other positives to say too, hence my decision to re-enter

That was me that paid ‘above ask’ but quickly that moves.

Paid it a few times. 18 million cheap shares later. Check my history here, I tend to get the ‘trading’ of this right - not sounding arrogant but my posting times will back that up. Everything else about the comedy show here I won’t say for now.

It’s actually quite a misconception that MMs would be short a stock like this. Looking at the repo market is where you would see the ability for short positions, and there really is no repo market - the only way that there would be is if the same people holding large positions (and being paid coupons on debt instruments are also repo’ing out the shares which would raise many questions of integrity). I was an executive director in investment banking and the clowns that used to work on the equity desk were clueless. Let alone the likes of peel hunt, Hargreaves’s etc etc - they are about as informed about small cap stocks as a rock. I can assure you that these MMs can’t even hold a position of more than $100k in these names, likely even $50k max for most. The moment they are even $10k short overnight they run over (literally) to the repo desk who will shrug and not even know the names they are trading. As I said, clown show - I can assure you that you’re not dealing with some big mighty beast here behind the scenes, you’re dealing with Dave who is clinging onto his job and wouldn’t even know what RRR stood for if a trade request came in - he’ll be looking that up on BBG.

I actually did buy some more today at .30-305. Takes me to 18m shares but deliberating what to do here, still undecided. Just ‘playing around’ for now picking up some loose shares. Might change

I’ve bought in and sold out here many times since 2009, never crystallised a loss though as picked my timing each time. Some times I got stuck in longer than I wanted (averaged down), others I went in bigger and picked the right point. Done this long enough and have big boy pants that I know the risks

Perhaps, but the price action last week when I bought £30k told me a lot about behind the scenes. The ‘larger holders’ gain every ‘wasted day’ with the carry trades of wages and debt structure here. As I’ve seen before here: buy too much and move price up and bell fundraises every time At a discount so it’s a negative self fulfilling proficy and never ending loop. It’s a really sad case here that any positivity of buying isn’t met with that behind the scenes, it’s actually met with selling into it - which is the most concerning thing here. That’s what should worry people is the willingness to sell out given the chance from those in the know. I will buy in clips here, but could still get a better entry price. At these levels I’m not too worried, but what will I achieve by buying more in size, moving price up, just to be screwed with yet another fundraising taking advantage of my capital injection. These guys need a reality check.

Absolutely no tip off. I have never traded on tips, and any tip relating to RRR would likely never come to fruition. Purely technicalities and the start of draining the swamp here. Not sure I have much confidence in this ALR news but would like to be proven wrong

Yes, and if that happens then I will take them and more, and unwind this POS managed mess for what it is. For too long here people have had a free lunch. Total selfishness of a few and this (if those fears, or fears over asset legitimacy) come to light, then it will not end well for those bad actors. Scummy little back door deals have happened for too long (which is why the trading for me here has had to prioritise the investing). I have a whole encyclopaedia of lies and nonsense I’ve been told by the people here.

Best one yet was the day after TR1 saying I held 4.55% had Andrew bell calling me up begging for more money on a PP. I said I would do it if he took a pay cut. That was nearly 3 years ago, and he’s been realistically paid more, delivered nil. Many more stories like that from others involved too. An active poster here - giving it the ‘big one’ about shares will hit 22p (you read correct) at end of 2021, and how they are so valuable (then sidelining me if the bid right then they would sell all their shares’ - stinks like S. game is up and people better hope it’s just been poor management rather than anything more cynical. Can’t take action against a bad management, at the end of the day it’s the risk shareholders take - but by goodness, when a handful of people have done well and made money, whilst 99% of people have lost money at their expense. Then there are big big issues. So let’s hope that things have been done right, but it will be uncovered soon.

People will see a few buys this morning, and that’s just the start of it. I have a lot to say here, (will get to that as the coming weeks play out) about particular people. I last sold 22m shares from 0.65 to 0.50 and got out, due to the delays and total lack of transparency.

When I last owned 4.55% of this company I bought in at 0.17-0.22, selling above 1.00 for most after the information being offered to shareholders was not clear.

However (not trying to sound arrogant, just trying to help others), I tend to rarely get this one wrong (from a trading perspective, an investment position is very different).

And a lot of these buys will be me. Hey, perhaps this time I just keep going and see how much of this we can get forcing a change of control. Let’s see, but trading wise, this will be fun. Always is.

My honest opinion is that considering 5 months has passed and barely a peep, that it has faded into irrelevance already, hence why I sold 15m shares. I would rather buy back higher even when fundamentals are better but all this ‘soon Rodney soon’ rubbish is an embarrassment. I could go and list all the total nonsense sprouted here over the last few years but surely the buck stops now of this cool
Aid being passed around. Note holders clip a coupon every day it drags so don’t mind that, all these behind the scenes apparent HNWI, all comes from the the same pot, without any TR1. After seeing this price action, can any holder here (myself included with the few million shares I’ve kept) really turn around and say that if this SP hypothetically sprung up to 0.70 tomorrow you wouldn’t all sell? I’m sure most would - and that’s the sign of a company and management that is not to be believed. I kept questioning particularly in 2020 where the £1m that was raised went. Nothing seen from that at all. There have been many raises since then, where has it gone. The ‘we are an exploration company, it takes time excuse’ doesn’t rub off anymore. A full audit of these apparent projects and a reset is all that would do any benefit alongside a change of management. Either bell has toiled for 15 years and is onto a jackpot (let the sentiment and SP tell you if that’s believed), or in fact failure can’t be rewarded anymore, audit the projects, find out what’s true and real and either can it to one side and move on, or start a fresh. Don’t forget, these HNWI and note holders need YOU - each shareholder to buy and support some residual market cap value to keep justifying paying back high coupons and issuing these shares to pay for projects that never come to life.

Over 2 years ago we were told RRAL was about to list. Comical really where this is at. And apparently the whole time ‘only bell could achieve this’. Show me a company where the CEO refused to take a pay cut during Covid? I sure didn’t pay myself and made sure my company did ok during it. I told bell to do it, he didn’t and just tapped markets again and again. Irony is, a robot could have done a better job, by doing literally nothing the last 5 years, zero expenses and could have been sat on £20m of stock in the likes of Jupiter. The muggy paws have cost AND lost money. Note holders won’t change it because it’s all the same cool aid how structured.

Specinvestor - you are confused and talking about 2 different people it seems. Check my posts if you will, but I’ve never used those words. Perhaps you are mixing up 2 different people in the same ‘reply conversation’ - perhaps just be aware who you’re talking to in regards to which reply, because the ‘balanced and polite’ was referring to my post, but I believe your references are referring to someone else replying to it. All in the details

Blueboy to give clarity to that and my rational.

When I initially bought 4.55% of this company it was at a level (0.17-0.22) that meant the equity holdings in the likes of Jupiter more than underpinned this share price. There was also (only) 600m shares in issue then, which is why I was confident. I have never believed anything Bell came out with (14 year track record), and I sold many of my shares between 0.80-1.10 as info became apparent like Bell Raising more and more money. I asked repetitively where £1m raised in 2020 went - no answer - poof into thin air. I then bought back again at the 0.37/0.40 level and the (mistake) there was that it was all on the huff and puff of DRC, and time value meant that selling was the right thing to do when words become fiction.

I’ve bought this share and traded it ever since 2009 actually. In 2020 there was a genuine asset backing the valuation so that’s when it made total and complete sense. Until of course those assets got sold and more money was tapped from markets. At these levels it’s a punt based on ‘talk’

Hardly a huge buy. I’ve dumped 15 million shares here the last few weeks. Just not basic enough to do it in one go. I hold more, likely won’t sell more here but shows what a few trades does to the share price. It will happen again and again - people can now pick up some shares here, +50-100% will sell, and these ‘multi-bags’ that people hope for for the past 14 years will be a fairytale. Why? Management. I said it in my last post, and the structure of note holders. If it’s not people that can sell in the 0.60s, 0.50s and mid 0.40s like I did, re-buy at these levels and repeat the process all over again, then it’s the structure of note holders that can ensure this company never progresses. This saga of ‘waiting for DRC’, gosh I could list so many more false promises is embarrassing at this point. Granted any rise will be sold, but this isn’t a bad entry now. Just being painfully honest

Who would know that me selling 1m shares each time every few days can collapse the price. Pathetic management. True story again - in 2020 when I bought 4.55% of the share capital here (bought at 0.175-0.20), the very day that the TR1 was published I have Bell with the begging bowl out actually calling me asking to do a private placement and funding for RRR. I said with Covid if he takes a pay cut and demonstrates unnecessary costs are reduced I would consider it. He has done no such thing, delivered absolutely zero in 2.5 years since then, and the embarrassment that is the structure of note holders here is now something that should seriously be raised (and enough of the ‘oh if you want to change it then vote for it’ because that’s impossible with the structure. It’s people clipping a coupon for free (both wages and interest payments on debt/convertibles) that the moment now that anyone tries to buy enough % of the company to change this rinse and repeat cycle there is a fundraising to pay for the lifestyle of others that dilutes. 15 years of failure here. I’ve made some money from trading this in and out but have been selling now. What an embarrassment. People should be legitimately ashamed, but beyond that, shareholders should ask what can they do to ensure this stops. All the false promises at 0.60-0.70 recently and now look at the state of affairs

So to be clear, we are now pretending to care about lithium suddenly and post links about that whilst casually over the next few months slowly forgetting about the likes of RRAL (12 months late), DRC (will slowly fade into irrelevance), Kenya (10 years of insignificance), elephant oil (likely also fades into obscurity) and the list goes on. Same old rinse and repeat. The structure of how this is set up makes AGMs irrelevant. The ‘you can buy the whole company if you’re not happy’ remarks would do what? Uncover the ugly reality likely.

I wonder who is consistently dumping their shares every single day, clips of 2m, sometimes multiple times a day like today.

As and when this all gets unraveled heads will turn. Judging by the sentiment of almost everyone on this forum, people want answers and very very soon. The ‘jam tomorrow’ is no longer flying and so people think that a full and in depth audit should be done here to unravel just how this rinse and repeat has worked for so long to the near total destruction of shareholder value whilst a select few have benefited?

And there becomes a time where you simply cannot keep saying that. It’s been years. Over a decade for some. Non-performance cannot continue to be rewarded on hope.

Yup, exactly - where HAS the money gone? You’re defensiveness seems interesting in itself. If someone gives someone money and asks where it’s gone, that’s in their right, let alone a shareholder. Odd how much you defensively read into that but says a lot.

Furthermore, I’m not some amateur investor as you know. The loop created through CLNs
And warrants means that it is indeed an endless loop into certain peoples’ pockets. Anyone buying more shares would get hurt by the grip of prior poor deals through CLNs and warrants when bell had no choice.

Again, asking direct, where did the money go and the gaps on the RNSs?

Additionally, how much and what share price did the major shareholders in your group pay for shares? Or was it a CLN conversion? That + warrants starts to really reveal the structure of a guy on 6 figures running the company who’s a minority shareholder. People should really dig into this to make up their own mind, but there needs to be accountability more than ever.

Simply put the RNSs don’t add up. That’s absolute fact.

So don’t send me underhand threats - I assure you I have far more resources than you if you want to go down that road. I am clearly pointing out the numbers, straight up, from money raised versus what’s been spent/sold does not add up - that’s an absolute fact. You clearly haven’t reviewed the accounts carefully enough if you start thinking you can make a threat there I would be very very careful.

There are consistent holes in what’s been said here, and that comes down to the numbers. Many people have mentioned it. It’s all too often drowned out by you saying ‘results next week’, results/listing by January. It’s almost April now. There’s an incredibly long list of false assurances on this board that have never come to fruition. That is also a fact, not the sprouting, but the notion that none have come to fruition.

What is also a fact is that money raised, projects where money has been spent and importantly write offs has not been fully accounted for.

So why don’t you be a big boy and have an adult conversation rather than thinking making a threat makes someone disappear. I guess you prefer intimidation.

Again, you haven’t answered the main question.

Where’s the money gone? And your ‘holders’ how did they obtain their shareholding and where indeed has the money ‘paid’ for their holding gone?