Member Info for MrMagic

All this is bad enough but the CDC guidelines/protocols which form their "Conditional Sail Order" for cruise ships is worrying imho. See here:

https://www.cdc.gov/quarantine/maritime/recommendations-for-ships.html

It says you must "Wear a facemask or cloth face covering when outside of individual cabins.". What joy. Go on holiday and wear a face nappy everywhere.

"Persons with symptoms of COVID-19 should be isolated using the same guidelines as a person with confirmed COVID-19 until COVID-19 testing can be conducted and results are available"

"Quarantine of persons without symptoms who are identified as close contacts of sick persons (until COVID-19 test results are available) or confirmed cases is also needed to minimize on board transmission of SARS-CoV-2"

and
"Quarantine may be discontinued for persons without symptoms who have had close contact with suspected or confirmed COVID-19 cases under the following conditions:
• 14 days have passed since their last exposure to a suspected or confirmed case "

Here's the thing. Many of the symptoms of Covid are so similar to those of a regular cold, or Flu or ILI that people who even sneeze or sniffle are going to suspected of having Covid and could get quarantined until testing proves them clear and that will require repeated testing over a period of time. And anyone in the group will also get quarantined as per the above CDC mandates even if they themselves have no symptoms.

This will become a bit of a nightmare once you get towards regular flu season. It seems to me we will no longer be able to harbour and deal with a regular Common Cold ourselves and that instead we will be presumed to be potentially infected with Covid and thus isolated until proven otherwise. How will that really work in practice? The answer is simple. Any passenger with cold symptoms is going to try their level best to conceal it for fear of being quarantined.

I mean good luck to all those fed up of lockdowns who are considering going for a punt at sea, which is really a posh ferry service but as those who were on Covid infected cruise ships during the pandemic know only too well, life takes a very dramatic and sudden change once the Covid cases start appearing. I doubt any of those people who lived through the Diamond Princess and or other ship outbreaks will be stepping aboard ships again any time soon.

In time of course all of this should hopefully disappear but I think it will take years to get there. In the meantime this is going to be a long slow recovery. SP will fluctuate a few % up and down constantly. Ramper Emerald waxing lyrical about 3%-4% changes is quite laughable TBH. He's so green. Clearly never set foot on a cruise ship and is desperate to promote the share for his own position. I say just keep it real. It is what it is and isn't changing any time soon. DYOR

The boiler room ramping continues to be laughable, nothing but the same repeated sound bites and baseless nonsense.
FYI I don't short stocks, not ever, so you'd better flip through that Ramping 101 book for the next standard line to use against real posters. Your rhetoric simply doesn't gel with reality unfortunately. Even going back to 2019 the local opposition to cruise ships was significant and building. With the advent of Covid it can only have increased significantly.

Dubrovnik signed an MOU that sets out plans to implement a new cruise ship berthing policy to cap the number of
ships. Locals have been disillusioned for a long time about the relentless number of ships berthing every day.

In Majorca local activists were calling for a reduction in cruise ships in 2019 before Covid arrived, it will be worse now.

Venetian locals have been campaigning against shipss for years now and were calling for a total ban on cruise ships in 2019 following the ship collision there. They will likely be up in arms now at the prospect of ships with Covid.

Barcelona's mayor Ana Colau also vowed to crackdown on cruise ships.

Seychelles will not allow ships there until at least the end of 2021

And so it goes on. Your silly rose tinted view of things to try and support your investing position is simply lame.

Hawaii - "One sincerely hopes the major shareholders at Red Rock insist things must change, it has been hinted that a new management team is inbound, hopefully Bell will be moved sideways and let them deliver the obvious value that exists in the portfolio. It MUST happen. "

You are living in fantasy land unfortunately. Were it possible it would have been done long ago by the larger shareholders. I personally believe Bell is far too canny for them and all the ramping fluff and bluster posted here is just desperate gumpf papering over that unchangeable position. They can't get rid of him imo.

This is Bell's gravy train from which many £millions are expended in Admin and expenses in epic proportions. There will never be shareholder value imo because Bell will just keep sucking value out via that route. It will never change. It's been the modus operandi for years and years. As I have highlighted many times, between 2012 and 2019 Bell raised over £16m from share issues and dilution and in the same period expended over £12m on Admin and expenses. That's patently a ridiculous situation and a losing proposition for shareholders imo. RRR is a producer of shares, little more and continues to share its bed with lenders like Cornhill (now renamed Pello) which was fined by the FCA for forward selling placing shares. Nominal share price has already been reduced from 0.1p to 0.01p so dilution can continue. Shares have already been consolidated and doubtless will be again in the future. Nothing will ever change.

Lots of "jam tomorrow" rhetoric and ramping to pull in the mugs, lots of issuing of shares, lots of money expended on Admin and expenses, rinse repeat. Anyone who still falls for this well established value destroying cycle simply deserves to lose their money. I call it a sucker share, and I know I'm not alone in that. DYOR.

You have a singular and biased way of looking at things Ken. The previous cruising market is certainly NOT there at the level it was before. Plenty of long standing cruisers will 100% not cruise under these unacceptable restrictions, not question and will choose alternative holiday experiences. The fact that the cruise line is upping 3-4 nt trips to 6-7 nt for no extra cost is an indication of desperation and at a time when generating profits is so vital. No surprise that they are trying to hook in people completely new to cruising. Those people of course don't have the past experience to know how much freedom there was before and so will just accept the new restrictive regimes as their "normal". They won't notice the difference. I remain uber cautious here and don't remotely see that the cruise industry is anywhere near coming through this whole crisis. It will remain suppressed imo unless and until the world treats Covid the way it should be treated and that isn't going to happen for another 1-2 years at least.

The industry just isn't going to be rescued by a few token "seacations" and as stated before it only takes ONE outbreak of Covid on ANY SHIP in ANY FLEET for it to hit the news again in a bad way and that will plummet all cruise shares very quickly imo. Meanwhile the industry has to collectively work through the many 1000s of FCCs they issued in 2019/20 so little substantial income is going to arrive any time soon.

I mean really it is what it is. Still a very desperate time for the cruise industry. There's no real end in sight yet. I still fully expect cruise lines to keep dumping/scrapping ships and I would be very surprised if some entire cruise lines were not scrapped too. There will be ample opportunities to enter or average down in this share at much lower prices imho. There's no way it will suddenly take off as that's not how the industry is at present, it's a very slow long recovery so there's nothing to lose by being cautious at this stage and watching to see what happens with these latest "toe in the water" cruises. DYOR

Your lame ramping is just laughable. This is a huge share mostly covered in the USA. That you believe your boiler room 101 ramps make the slightest difference is as comical as it is sad.

Millions of people in the UK already had antibodies before we even started vaccinating. Likely at least 30 million people who have already had Covid and thus gained natural immunity. Now some 30million people have also been vaccinated so very obviously a great many people will now have antibodies and I can guarantee it's a damn site bigger than just 50% !!

This isn't going to stop cruise lines wilfully discriminating against those with natural immunity unfortunately which is immoral and wrong. That will see them lose a significant portion of their cruising audience. On top of that the Draconian restrictions they have to enforce are not going to be palatable for another section of that customer base. Having to still wear masks, having to social distance, not being able to eat with different people at dinner, not being able to step ashore at your leisure, having to have swab sticks stuck up your nose throughout the voyage and so on.

This situation isn't going to change any time some. The industry remains crippled and will have to operate in this "new normal" way for a long time to come. A "new normal" which will be totally unacceptable for a lot of past loyal cruisers.

The SP will always fluctuate up and down as it is doing by 5% here and there. It's called a market.

You're not going to see mega rises here though like many other shares simply because of the debt levels and the lack of sentiment for the "new normal" cruising proposition.

Ramp on old bean

Don't worry on that score Ken, I won't be there no way Jose. I don't go on holiday to wear a face nappy and have to social distance ! Only time I ever wear a face nappy is if I go to a shop and that is very rare at the moment. I certainly wouldn't shell out for a cruise if I had to wear one during my holiday, that's just ridiculous. Nor would I pay for a cruise if I didn't have the freedom to either dine with different people or to walk off the ship at ports at my leisure.

Such is not cruising at all. It's something very different. At best it's glorified overnight ferrying. This "new normal" I'm afraid is just not going to rescue the crippled cruise industry. I remain very sad for the industry and for keen cruisers everywhere.

Robins - "The interview sounded very positive but I have heard similar over the years and nothing positive ever happens. I think most people have lost faith in ABs words and he needs to get someone else to deliver updates etc"

Can only agree. Too much history here of endless dilution, capital reorganisations, preposterous expenditure on Admin and expenses. Nothing will ever change imo.

Between 2012 and 2019 RRR raised over £16m via various confetti shares issues / dilution and the like.

In that same time period they spent over £12m on Admin

Anyone who thinks that kind of situation and management behaviour is ever going to deliver shareholder values needs a "check up from the neck up" in my book.

BOD have to be removed for any substantial change to occur imo

DYOR

Shareholder benefit for a mere 7 day stint is surely pretty meaningless.

For P&O I believe for journeys of 5 days or less it's just £30 and for 6-11 days it's £60. The cruise line will gobble that up the first time you want to go ashore through having to pay for one of their excursions.

Just lols. Standard boiler room ramping 101 response to any criticism of their cherished stock, call them a shorter.

You can see all the short positions for any stock from the FSA list updated daily here:

http://www.fca.org.uk/your-fca/short-positions-daily-update

Download it, you might learn something

What's notable is that you have been unable to refute anything I have posted and just keep trotting out the same spiel.

And no I don't believe that the share will take off because the entire cruising proposition has changed dramatically so notions of the SP going back to where it was before Covid are just fantasyland. It's a completely different model, it will have a different customer audience. Tons of past cruisers will simply not be interested in this new model, this new "normal" because it cuts out many of the things people chose a cruise holiday for. Metaphorically, before the pandemic they were selling pizzas to a hungry customer base, and now they have changed their business model and now they only sell sandwiches. The idea that there must exist the same customer base for sandwiches as existed for pizza is where you go terribly wrong and it's why the SP isn't going to suddenly recover to pre-pandemic levels. Everything has changed. Cruising is a totally different holiday proposition now and one many will not be interested in any more and the nonsense of mandating vaccinations for it just makes it all the worse.

One does not need a short position here to realise all this.

Obviously you need to try ramping harder.

Unfortunately the savvy know that cruising isn't going to return to normal any time soon and the audience in the short term will be somewhat limited as people are not going to want to spend £1000s on holidays where they still have to wear masks, have to social distance and can't simply walk of the ship and explore local towns and cities.

What you consistently fail to accept and understand (because you've clearly never cruised in your life) is that the whole holiday proposition that used to be cruising, has now changed dramatically and will stay that way for some years to come.
It's now a completely different holiday decision making process. Where we might have previously said "shall we go on a cruise this summer?" we now have to ask "what actually IS cruising now, what does it entail and is that really something I want to engage in with all those restrictions?"

Everything has changed and there is no going back to that previous golden era of cruising, at least not for some years

What remains to be seen is whether there exists a significant audience for what cruising has now become. Personally I think many long standing cruisers are now going to hang their boots up because the cruising proposition is nothing remotely like it used to be. It's something very new and different which lacks many of the freedoms and desirable aspects of previous cruises. Indeed many of the things people specifically chose a cruising holiday for, like meeting lots of new people at dinner, walking off the ship and roaming around towns and cities at your leisure and so on, are no longer possible with the new restrictions. It's just not going to be acceptable for a great many long standing cruisers.

Like I said before it's an incredibly sad end to a golden era and I really am not confident that the new era and the new cruising proposition is going to be supported anything like as well as the previous one. Because of that it's clear to me that the SP here is just not going to suddenly motor North as you keep trying to convince people to so blatantly support your investing position. The old is gone. The new has replaced it and has to be tested. The SP will likely only move slightly up or down over the next year because of that imo. It's far too early to expect any sudden massive recovery imo and there remains the risk of very negative media PR should there be any outbreak of Covid on any of these "toe in the water" cruises and any such PR will plummet the SP brutally and quickly imo. Very long term should be a safe bet but right now there are so many other shares making huge recoveries that are just better options TBH.

DYOR

Can't fault your dissection of the rather depressing situation with cruising at present.

As you say it is mostly going to be cruises already paid for with cruise credits and the restrictions are going to be very tight and limiting to my mind. Going on holiday having to wear a mask for a start is a total no no for me. Not when I could book a simple holiday cottage/let and have 2 weeks of blissful mask free freedom and be able to go where I please without paying for a ship excursion !

The industry has lost so much money that it's just obvious common sense that the entire trip will be spent trying to eke more and more cash out of passengers via on-board spend.

Not being able to get off the ship and wander around is a complete non starter for most cruisers. Even before the pandemic happened my view of most ship excursions was that they were over-priced poor value boring tedious fare with just a handful of notable exceptions. The prospect of having to take an excursion just to get off the ship is about as palatable as sitting in a bath of cold baked beans !

Worse still Carnival have clearly decided to alienate a proportion of their established customer base by taking the ridiculous decision to discriminate against people who have natural immunity to Covid. Mandating vaccinations is neither scientific, moral or right in any sense. Seems financial suicide to me personally but hey ho, it's their demise.

Travel insurance will become a significant issue for many. The cost of it will soar now that you have to have cover for Covid and all that goes with it. You already had to have £2m worth of insurance for helivac and other eventualities before the pandemic came along. Adding tons of Covid treatment costs and repatriation will up premiums significantly.

The cruising cost-benefit proposition is becoming more and more unpalatable and that can only serve to put more people off and see cruising as a whole remain in the doldrums for a long time to come.

The massive loss of money in the industry will be sought back from passengers. Services and quality that were already well cut back before the pandemic will become sparser imo. Add to that mask wearing, social distancing, dining restrictions, having to take ship excursions to go ashore, increased travel insurance, ridiculous mandated vaccination and all the rest and it's all just a bit of a nonsense at the moment. It's going to take years to get things back to a "normal" acceptable state that will attract the core customer base again imo. I'm extremely sad for the industry and for all the keen cruisers out there.

Between 2012 and 2019 RRR raised over £16m via various confetti shares issues / dilution and the like.

In that same time period they spent over £12m on Admin

That's about all any PI needs to know and why there will never be shareholder value despite all the relentless "jam tomorrow" nonsense peddled by the likes of the few remaining rampers.

BOD have to be removed for any substantial change to occur imo

DYOR

You are correct Treacle. Not good news is it?!!

Reported here:

https://www.cruiseindustrynews.com/cruise-news/24635-cdc-says-it-won-t-drop-conditional-sail-order.html

"Despite mounting calls from cruise lines and industry lobbyist group CLIA (Cruise Lines International Association), the U.S. Centers for Disease Control and Prevent (CDC) said its Conditional Sail Order (CSO) isn't going anywhere."

"It capped a day of aggressive statements from the cruise industry as well as Royal Caribbean Group Chairman and CEO Richard Fain asking the CDC to drop or modify its CSO to let the industry operate in the United States. "

"According to the CDC, the CSO will remain in effect until Nov. 1, 2021, as the agency works on a way to return to passenger cruising in a phased approach to mitigate the risk of spreading COVID-19."

"Details on the next phase of the CSO are under interagency review, according to a CDC statement."

"The order is still in phase one, while the cruise industry has for the most part, largely avoided commenting on it until this week."

Emerald - "It is extremely likely after 2 jabs and a test that there would be any covid on the ship. Simple as that"

You keep repeating this and it is simply not true. Vaccination dos not stop you carrying and transmitting Covid and swab testing creates lots of false-positives and negatives. That's fact.

Last year various cruise lines tried to sail ships tentatively. All passengers were swabbed before boarding and during the cruises yet there were still problems.

Emerald - "If there was it would struggle to spread as all passengers would have resistance due to the 2 jabs."

Again this is not correct. Vaccination has not been proven to stop transmissibility. Here again is the proof, a clear statement from the UK Chief Medical Officer during a Coronavirus briefing:

https://www.youtube.com/watch?v=bXua_vl2DOU

At 14:09 he states:

"We don't know if this vaccine will prevent transmission, or any of them"

Here's another source:

Can a vaccinated person still spread the coronavirus?
https://www.crainsdetroit.com/coronavirus/can-vaccinated-person-still-spread-coronavirus

The safest place to holiday imho is on land in a holiday cottage or let with only your family and bubble members.

Link to the article about the EU's catastrophically embarrassing SAS Style raid on the AstraZeneca factory:

https://www.telegraph.co.uk/news/2021/03/24/eus-embarrassing-day-story-behind-vaccine-factory-raid-unravelled/

Emerald - "On the BBC yesterday it was mentioned that we might do a deal with the EU and split the production coming from the new plant in, I think the Netherlands?"

The EU has unfortunately scored yet another immense own goal today and wholly embarrassed itself. It got the notion that AstraZeneca in Europe were secretly hoarding vaccines to send to the UK and so the EU sent in a crack team of elite Carabinieri to raid the AZ factory in Rome.

What they found were 29 million doses of AZ vaccine all destined for . . . . Europe !

The EU are left looking like total idiots as a result and the farce continues.

Because of their botched vaccination program Europe is knee-deep in Covid and will remain so for quite some time. They will be in and out of lockdowns all year imho. The chances of cruise ships going to European ports in the Med are extremely slim imho. Investors know it imo and that is likely one reason why the SP here is tanking and will continue to tank. 1570 has become 1500 in 24hrs.

There's a very limited cruising audience that will shell out £1000s to do nothing but stay at sea the entire duration. Plus there's a sizable chunk of the bread and butter cruising audience that simply would not cruise if they are denied the ability to walk off the ship and roam at their leisure and instead are forced to take cruise line excursions. Plus as stated before a further chunk of the customer base who simply won't pay £1000s to go on holiday and have to wear a mask.

Something has to change and quickly.

Airlines are a quick short term travel prospect. You're in and out in a matter of hours, job done.

Cruise lines are a long period of days/weeks in a closed confined environment with 1000s of passengers and 1000s of crew all constantly sharing the same surfaces, like handrails, door handles, lift buttons, chairs, tables, menus, cutlery and so on.

Airlines just take you quickly from A to B.

Cruise lines will isolate you if you get Covid, quarantining you to your cabin and will do the same to every passenger if a given threshold number of cases is reached. That's not something you see with airlines.

No matter how many times you try to suggest (totally incorrectly) that cruise ships are the safest place to be the rest of the researched world will choose alternative holidays because the vast majority of people know that THE SAFEST place to be is in a dedicated closed off environment with ONLY your friends and family or bubble members and no-one else. Hence the vast majority of people will be choosing staycations on land, in holiday lets and rentals. It really is that simple.

Because of that cruising as an industry will stay suppressed for quite a while to come imho. It is utterly inevitable that one or more cruises will see cases of Covid on-board. We saw last year when various lines tried to send ships out on a kind of trial cruise basis that they suffered outbreaks of Covid. The vaccination program is not going to change this I'm afraid.

I feel for the industry I truly do but unless and until we start treating Covid as little more than regular Flu and allow people to live normally on cruise ships, then the industry is imho going to remain hugely suppressed for a long time.

I still predict that the SP here will drop back to 1250 levels and much further if any of the upcoming staycation cruises see Covid outbreaks.

Negativity is eminently justified because all this company ever does is dangle project carrots at hapless PIs who fall for the "jam tomorrow" rhetoric and then Bell just issues more and more shares diluting holders and destroying the SP.
It's been going on for 10+ years now and is simply laughable except that it's catastrophic for the poor mugs that get caught.

Nothing will ever change here, until and unless the entire original BOD are removed.

Money will just keep seeping away in the form of Admin and Expenses. £millions and £millions of it.

There will never be shareholder value generated to match that preposterous seepage.

Meanwhile the rest of the stock market is rising in leaps and bounds with many shares bagging. Why on earth would anyone be even giving this POS a second glance? Go invest in the retail, entertainment and/or travel sectors which were decimated by the pandemic and are recovering.

DYOR

Still making stuff up I see, shameful as ever.

Never said iron ore assets were worthless. Simply said that it would be years and years before Jupiter ever did anything with Mt Ida, if at all and I was right. Whereas you have habitually year on year mislead PIs into thinking it was an imminent development. I still have all your pathetic ramps on that.

Kenya is of no interest. There's no mining license there only the old exploration license unless things have changed.
But again that hasn't stopped you trying to ramp the nuts off it.

2 Capital Reorganisations already performed with this share. Nominal share price lowered from 0.1p to 0.01p so dilution could continue. Shares then consolidated. Confetti continues to be issued with crony lenders.

I mean it was all pretty predictable, Bell never changes his spots and the majority imo knew it was a total POS but then things started to deteriorate further as Bell started failing to RNS key loans, transactions and events. For example :

- not RNSing loans/transactions made with Amulet Diamonds
- not RNSing a £1.1m loan to the failing Steelmin venture
- not RNSing Steelmin going into Administration despite RRR having a 22% stake there

and so on. Oldies will also remember Greenland debacle and ****e Creek.

So it's gone from a total POS share imo to something rather more nefarious. Once things like the above fail to be RNS'd you're just investing totally blind and there can simply be no trust of management as a result. It is what it is, which is for me, totally uninvestable.

lols at the fanboys

I never left. Just watched from the side-lines over Christmas and during the lockdown.

Same old relentless ramper pegging away with the same old Billy BS material. Nothing changes nor will it ever do so.
Can't be many mugs left to pull into this POS.

Bell will keep adding more and more shares, raising cash and spending tons of it on Admin. In time he will do yet another share consolidation and rinse repeat.

It remains nothing but "jam tomorrow" carrot dangling projects and ventures which never come to fruition and meanwhile the money keeps seeping away in the form of Admin and other things that add no value to shareholders.

The markets are flush with good shares at the moment making huge recoveries. Baggers galore and in reputable companies that are well loved and supported. If you can't make great money there then there is something wrong.

DYOR