Member Info for MrMagic

Making stuff up as you go along doesn't add any credibility I'm afraid. You've clearly not kept track of the cruising events that occurred during the pandemic.

Italy for example prevented passengers disembarking from a ship simply because someone on the ship showed some symptoms that could have been cold/Flu or could have been Covid. The port was allowing them to get off but the local Mayor quickly drove down to the port and ordered them to stop and so all passengers were stuck on the ship until the sick person could get properly tested.

In another country cruise passengers trying to disembark at port were subjected to local inhabitants throwing bottles and other items at them. Cruise ships were definitely not welcome and are seen to be floating petri-dishes, rightly or wrongly.

What would be the point cruising to the Med? Those countries are knee deep in Covid and their vaccination programmes are a total mess. They are not remotely going to welcome cruise ships any time soon. Just pottering about in the Med would be pointless. If there were cases of Covid on-board (as there inevitably will be) then the ship would likely have to find some close port to dump off the sick passengers and that could prove difficult.

Honestly you are in cloud cuckoo land at the minute. The cruise industry at the moment is like a patient with 2 broken legs in traction who faces months maybe years of physiotherapy to get back on their feet. The patient has just had the pins removed from their legs and you're waxing lyrical that suddenly all is fixed and fine and dandy. It's simply not. Not by a country mile. The industry has miles and miles to go yet and most likely there won't be much in the way of normal cruises happening anytime in 2021. Just these few short 7 day or less trials. SP is going nowhere any time soon as a result imo.

Just lols Emerald

This boiler room style ramping is good for entertainment value if nothing else.

On an airline you're in a confined space for an hour or so with a handful of people. You're unlikely to touch anything except your seat and locker. The air is filtered which special filters. You're in and out and done.

On a ship you are minute by minute, hour by hour, day by day sharing a confined environment with 1000s of people who are all touching hand rails, door handles, toilet door handles, seats, tables, glasses, food menus, ****tail menus, cutlery, lift walls, lift buttons, shop counters, shop products, sunbeds and loads more. Everything you spew here is baseless ramping nonsense which displays a woeful lack of knowledge of the industry.

All we are witnessing is a token "toe in the water" trial by cruise lines to test out new regimes and protocols and to try and build back some of the confidence that has been massively lost. They should in fact be paying passengers to take these cruises as they are surely more about PR and proving to the world that cruising is safe.

Ultimately some cruise lines will bounce back in the fullness of time but it will be a long time yet because Covid is NOT going away any time soon and because the rest of the world is still deep in the throes of the pandemic. It will only take one single event on one cruise to completely blow the share price out of the water. One outbreak of Covid on one of these "UK staycation" cruises will show the public that things are still not safe. That's why they are 7 day cruises. The cruise lines don't dare offer 2-3 week cruises yet and that is really ALL THE PROOF anyone needs to see that we are miles away from any normal return to cruising. A short 7 day trip proves nothing because by the time any Covid symptoms appear it will be time to get off the ship again and the outbreak then happens onshore not on the ship.

Hence the share prices are not going anywhere any time soon. There's still lots of Covid about, still plenty of deaths. With little hope of any substantial rise any time soon and the threat that the SP would be decimated on any outbreak of Covid on any ship, it's a lose-lose prospect at the moment. I recommend you come back this time next year and see where things stand.

lol Emerald. It's so patently obvious that you've never been on a cruise and thus are clueless about what happens.

There's no doubt that the handful of trips will be fully booked because there are so few seats and many people are fed up with lockdowns and some will be happy to just go to sea even if it's around the UK. But this isn't remotely any kind of a signal for a return to normal cruising. We won't see 2-3 week cruises abroad for a long time imho and a huge proportion of long standing cruisers won't rush on-board just because they are vaccinated.

For a great many the issue was never ever about catching Covid. As stated before, cruisers take the risk with bugs and viruses all the time, it's par for the course. We learn to exercise good hygiene and are ready to face what comes.

What mattered was ALWAYS the threat of a Diamond Princess debacle, being ordered to your cabin and quarantined there for days or weeks. That is and always will be totally unacceptable to the majority of cruisers imho. Those with balconies may fare reasonably well. Those with inside cabins suffer badly, being perpetually locked into that tiny windowless prison possibly stuck with a bored child with nothing to do except read a book or watch TV. That's not a holiday and I'm sorry but people are not going to forget the disaster that was the Diamond Princess. Cruise lines will continue to try and skirt around that core issue, to sweep it all under the carpet, but it won't wash. Read the small print of the terms and conditions and it's all still in there.

Here's the stated info for P&O Cruises from their website which completely exposes the nonsense you have been posting:

https://www.pocruises.com/cruise-with-confidence

Q - Will guests be expected to wear face masks on the ship?

A - It will be mandatory for all guests and crew to wear face masks in certain areas of the ship. All guests will need to comply with this face mask policy in order to travel.

Q - What happens if there is an outbreak onboard?

A - Our comprehensive new protocols are designed to protect the health and wellbeing of all our guests and crew. We have plans in place, tailored for each ship, to manage medical needs, including dedicated cabin capacity for isolation should this be required.

It also states:

"Everyone on board will be required to adhere to the protocols, which cover several aspects including the wearing of face masks, testing and social distancing. Any guest failing to comply with these new procedures will be asked to disembark the ship, with the costs for their journey home at their own expense"

So vaccinated or not everyone is the same, you must wear masks where required, social distance and subject to be tested.
There is no being able to live like life was before Covid as you so misleadingly tried to state.

Emerald - "A test and 2 jabs in the uk with the rate of infection say 50 per 100,000 on average in whole Country is almost certain to mean no covid at all on the ship"

This is utterly deluded. You will have 100s of port staff handling your baggage by hand. If they are infected then your luggage will be infected and thus you will become infected as a result. Every item being loaded onto the ship is potentially infected as the virus can live days on many surfaces esp glass, plastics and cardboard. So all the pallets of food and other things being loaded could have virus on them which then spreads to those handling the produce.
There are opportunities all over the place for the virus to get on-board.

As I said we are going to have to come to terms with it and learn to live with it.

Until we do, the cruising industry will remain suppressed and decimated imho.

What are you wittering on about?!!! Of course the virus will spread. That's what it does ! That's why we have a pandemic and not an epidemic or local bouts of infection. Covid has an R0 number of 2-3. It's less today because so many people now have natural immunity. On a ship however, with 1000s of people cooped up in one place, germs spread much quicker than other places, just as they do in all densely populated places like hospitals and large gatherings. Have you actually ever been on a cruise? I'm suspecting not. Norovirus used to be the main virus to dodge but once it was on-board it spread like wildfire and would regularly see ships move into enhanced hygiene regimes and restrictions like closing self service buffet areas. Colds, Flu and the like spread around ships equally fast. It was all par for the course. Cruisers took it in their stride and doubtless their immune systems are extremely strong as a result of being exposed to so many past bugs.
Indeed scientists have been telling us all year that 20%-50% of the population already had levels of immunity to Covid before it even arrived. Immunity gained from past bouts of colds and Flu and other Coronviruses.

You seem to be jumping up and down like a frightened little jelly bean. Suggests you're in too deep here and are suffering from the SP fall.

It is what it is. Covid is here to stay and we just have to accept that we will have to live with it. Cruising will be largely scuppered imho until they are allowed to just let everyone live on-board as they did prior to Covid and I feel sure that's what they would like to happen but larger forces call the shots and wont allow it.

Bottom line, the odds of someone getting on-board are not remotely zero as you misleadingly state. Testing kits are highly fallible and vaccination does not prevent transmissibility and itself is not 100% effective. There WILL be further cases of Covid on cruise ships, it is utterly inevitable and we ARE going to have to learn to live with it. For the moment however, we are not at the "living with it stage" and so major restrictions will still apply and that will ensure that lots of past cruisers seek different holidays for the time being. Hope you're not losing too much on this share.

Again you are badly researched. Vaccination does not guarantee people are not carrying covid. This is pretty common knowledge to most by now. Transmissibility was not tested during the vaccine trials. The UK public were told expressly by the Chief Medical Officer in a live BBC Covid briefing that:

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

Briefing can be viewed here, statement made at 14:09

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

Testing is the key and always will be. Vaccination status is immaterial which is why it's a total farce that they require people to be vaccinated for these cruises. They are denying the many millions of people who already have stronger and longer lasting natural immunity from actually having had Covid. Only accurate testing will determine if someone is carrying the virus on-board and thus obviously everyone will need to be tested before and during the trips whether they've been vaccinated or not. How accurate are those tests? I've yet to see and hear of any accurate Covid test TBH.
What they have will be the best they can achieve at the moment but will it 100% stop Covid getting on the ship? Nope I very much doubt it. So the core problem remains for all cruise lovers. What they will do to you and everyone else when that magic threshold of cases has been reached. And that is and will always be the showstopper.

Why would anyone pay £1000s on a cruise ticket and £100s on insurance to go on a trip where you could be forcibly quarantined to cabin for the duration and or dumped off at some foreign hospital and have to find your own way home?

It's never going to wash. Cruise lines can't just dump all the responsibility and liability on the customer. We're all in this together, they have to share the pain. A proper solution is needed not this farcical Diamond Princess threat perpetually hanging over proceedings.

Where can you holiday with people you know DONT HAVE COVID??

On-shore, in the UK in any number of fantastic holiday cottages, lets and rentals. Could be around the coast for sun, sea and fresh air, up in the beautiful Scottish Highlands, down in Devon and Cornwall, sleepy Norfolk, there's a rich tapestry of possibilities and UK people will flood to them. They won't cost £1000s, they won't require travel insurance, you won't have to wear masks or social distance from those you holiday with, you'll be free to go out and drive to shops for food and drink, you'll be able to throw a log on a log fire, laze outside in gardens, on a sunbed, stroll along a beach, get a coffee from Starbucks and crucially you won't have to have 10 foot long swabs thrust up your nostrils and down your throat and you won't need to be vaccinated. Pretty much a no-brainer at this time I'd say !!

Pretty desperate ramping Emerald and I doubt it will gain any traction.

Vaccines are not remotely any kind of silver bullet. People will still transmit the virus despite being vaccinated and as stated with 90% efficacy that means 1 in 10 people are not protected well. Plus as most researched people know the Covid testing kits are farcically inaccurate and generate large amounts of false-positives and negatives. Your statement that vaccinated people will be able to carry on life as before Covid is completely wrong. Passengers are STILL going to be required to wear masks and to social distance in various places around the ship.

The SP is where it is because there's no end in sight for the cruise industry at the moment with the rest of the world entering 3rd waves of the pandemic and with the EU in a desperate state as a result of their bureaucratic failure to organise vaccine orders and distribution and their petty spiteful actions against the UK's AZ vaccine. Nothing is going back to normal any time soon, if indeed ever. We will be in and out of lockdowns for a long time to come yet. Things will only go back to a semblance of normal when everyone treats Covid for what it really is rather than peddling it as the next Bubonic Plague. The debt levels cruise lines have shouldered is immense and a handful of booze cruises bobbing around the UK isn't going to put a dent in that and should there be Covid outbreaks on one of them the SP will drop faster than a lead balloon.

I think as Alyhels stated some posts back the carnage of the cruise industry isn't going to end any time soon. Reason being they are still beholden to bigger powers who hold them by the short and curlies. Put aside the chirpy notions of ships trotting around the UK and go back to the fundamental problem that has been there for the past year and which cruise lines keep sweeping under the carpet. Which is what happens when there ARE cases of Covid on-board. The previous contractual stuff highlighted that if a certain THRESHOLD of cases was reached then we are back to the Diamond Princess scenario of all passengers being locked up in cabins and termination of the voyage and unless someone can show me that's changed then I assume it remains the case. So just what is that threshold? How many passengers have to be Covid-positive for this nightmare scenario to be enforced on passengers? They still have not declared it have they?!!!!

We have some clues though. In December a Stena Ferry suffered Covid cases. There were 322 passengers and 53 crew on-board, a total of 375 people and just 6 crew came down with Covid and that was enough to stop the trip and see the ferry hang in the water until arrangements could be made to get everyone off. See here:

https://www.liverpoolecho.co.uk/news/liverpool-news/travel-chaos-hundreds-trapped-covid-19471648

6 cases of Covid out of 375 people equates to 1.6%.

I suspect that magic threshold number therefore is 1.5%

Take a cruise ship with say 3000 passengers and crew and you would only need 45 people to show positive for a 1.5% threshold to be reached. With 80%+ of Covid cases having no symptoms you could reach that threshold very easily.

This is precisely why imho cruise lines are only offering 7 day cruises. It massively minimises the chances FOR THEM that they will hit that threshold before the trip is over because everyone will be tested before boarding and it takes maybe 5 days for symptoms to appear so by the time Covid cases start appearing the trip is nearly over.

In reality then these UK cruises are not remotely real life tests for future cruises. A real test would be a 2 week or more trip but you can bet that ain't gonna happen for a long time yet. It will be a very brave cruise line that offers such trips because of that massively damaging PR scenario that would follow from another Diamond Princess debacle.

It's also worth noting that drinking lots of alcohol very much lowers your immune system so any booze cruise is going to see people be more vulnerable to Covid. Vaccination malarkey doesn't impress at all. 1 in 10 people vaccinated will not be protected (90% efficacy) and even then the other 9 will have varying levels of personal immune response to the shots. Personally I'd value the natural immunity of people who have had Covid over those who are vaccinated.

Cruise industry still has a VERY long way to go imho.

Yep, very much same old same old

Total current liabilities now £4.4m
Admin running at circa £600k pa
Other Project Costs £319k
Cash in the bank just £53k

Jupiter holding now confirmed to be just 13.5m shares , down from 17m at the start of the year

Also sold 4,280,180 shares in Corcel Plc (Regency Mines)

Red Rock has also decided to impair its investment in Elephant Oil by 50%, to £137,500.

Millions of the Jupiter shares are now security against loans/debts

From Report:
"After the year-end, on 6 November 2020, the Company’s 100% owned subsidiary, RRR Coal Ltd, refinanced its existing loan facility with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd, increasing the total amount available for draw-down to US$2.0 million, and drawing down an initial gross amount of US$1.0 million with additional tranches available at the lenders’ absolute discretion. The notes are secured on 6,302,000 shares in Jupiter Mines Ltd as well as 20,000,000 shares in Power Metal Resources Plc, which were transferred from the Company to an escrow account for the duration of the loan, as well as by a corporate guarantee executed by Red Rock Resources Plc"

Lots of the CLNs have just been converted at the price of 0.6p

I remain of the opinion that I would deem myself a fool to buy shares here at any price above that 0.6p CLN conversion price but each to their own as always.

Enjoy the "jam tomorrow" tales from the river bank and Happy New Year to all

DYOR

AIMOilking - " When is the AGM and what are the resolutions?"

More to the point where is the Annual Report? How much bad news will be revealed in that??

As for AGM resolutions they will imo contain the same resolution that appears every year which is to grant authority to the directors to issue shed loads more shares in the coming year. It gets so old.

I can't believe there are still people who fall for the "jam tomorrow" drivel of the rampsters here.

They left it to the last second.

Can only laugh at the desperate spiel in the RNS:

"Red Rock welcomes the confidence shown in the future of the Company by the Convertible Loan Note Holders, who have now chosen to convert"

lols

Here we are then. 19th Dec deadline is this Saturday. £830,000 worth of CLNs convertible at 0.6p plus interest at 12% pa.

Does Bell have the cash to pay them off if they are not converted? Or are the holders going to get them rolled over yet again for what would be the fourth laughable consecutive year ?! Why hasn't Bell paid these down in 3 years instead of wasting so much on interest charges? Where does all the money go?

Annual Report losses, Cash Raised, Amounts Spent on Admin

2012 - Loss of £1,962,882 --- Cash raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 -- Cash raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 --- Cash raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 --- Cash raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 ----- Cash raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 --- Cash raised £300,000 --- Admin £644,688
2018 - Profit £78,120 ------- Cash raised £421,668 --- Admin £849,518
2019 - Loss of £1,723,881 --- Cash raised £853,089 --- Admin £591,777

Total Losses above - £39,714,819
Total Cash Raised - £16,326,957
Total Spent On Admin - £12,770,280

There's your answer. £12m gone to Admin. Yet they continue to issue confetti to raise more and more cash. What a joke !

DYOR

lol Roughly 20% down now according to the above

Can't believe there are still mugs who fall for the song and dance routine surrounding shares like this.

Like I said earlier, I'd consider myself a fool to buy shares here above 0.6p. There are £830,000 worth of outstanding CLNS (plus interest at 12%pa) sat waiting to be converted by 19th Dec with a conversion price of 0.6p. Plus all the other stuff Zumore has eloquently highlighted.

I fully expect Bell to do what he always does which is to keep diluting with mega issues of confetti shares. I would also not be at all surprised to see him do another consolidation.

This share already had its nominal share value lowered from 0.1p to 0.01p so that dilution could continue

This share has already been consolidated once before

Nothing will ever change until and unless the existing BOD are removed in their entirety

DYOR

A pithy worded update RNS was inevitable given that the deadline for the outstanding £830,000 worth of CLNs (plus 12%pa interest) is now approaching which is 19th December.

Those CLNs are convertible at 0.6p

Hence I personally won't be buying any shares here above 0.6p and would consider myself foolish to do so.

Just no point at all buying here that I can see before that 19th Dec deadline has passed and it becomes clear whether the CLNs were converted or whether they have been rolled over for a laughable 4th consecutive year or whether Bell is going to pay them off.

I personally guess more dilution will come . . . . as it always does. Staying very clear of this one as a result

Nothing but a lifestyle outfit for me

DYOR

The very fact that the BOD does not RNS key loans, transaction and events is enough for me.

As I predicted a few days ago the SP has gone sub 0.7p and I predict it will continue to fall.

The £830,000 worth of outstanding CLNs (plus interest at 12%pa) remain convertible at 0.6p and the deadline of 19th December is approaching.

If they are not converted I wonder whether RRR is obliged to find the cash to pay them off and if so where that will come from. More dilution?

More likely Bell will want to roll them over for a laughable 4th consecutive year thereby incurring yet another years worth of interest. This for me is just farcical. Bad enough to agree to a 12% interest rate from the start but to keep rolling that over year on year just creates expense that could be avoided if the CLNs were simply paid down.

I still hold the view that I would consider myself foolish to buy shares here above 0.6p but each to their own as ever.

The ever decreasing Jupiter share holding is a cause for concern imo and should be to any genuine investor.

DYOR

Sorry but I just don't believe you are genuine NecessaryEGM.

Why don't you tell us what percentage holding you have?

A genuine large holder would not come on an LSE chat board ranting about EGMs. They would simply get together with other large holders (whose contact details are on holding RNSs) and organise an EGM.

It sounds like you are in too deep here. Did you by any chance participate in recent placings?

Either way little has changed here in the past 10 years. Lots of disparate projects in far flung places, most abject failures, endless dilution of mugpunter shareholders and utterly ridiculous amounts of cash going to salaries, admin and expenses.

It's never going to change imo

DYOR

A reminder of the final LSE comments of Dan Sklan, a former 13%+ holder here and a man who had a private royalty deal with RRR for the Ivory Coast project (another venture that went nowhere).

"After holding RRR shares for a considerable number of years and seeing my holding drop from over 13% to under 2% and value drop by over 90% due to the constant “fund raising” and issuing of new shares; I have finally had enough and sold all my shares.
Let’s be honest - doesn’t matter how much money RRR receives it will always disappear paying "misc. expenses", directors salaries and investing in white elephants; sorry I meant Elephant Oil and various other ridiculous investments. I simply can’t understand how a business manages to plough through so much money with so little to show for it."

https://www.lse.co.uk/profiles/d_s_/

Just lols

So yet another large shareholder wakes up and smells the coffee and joins the oubliette of similar past holders like Dan Sklan. I'm afraid I can't muster up much sympathy as the Modus Operandi of Bell & Co has been going on for many years now. It's never going to change imo so what on earth were you thinking putting your hard-earned in here?

Did alarm bells not ring for you:

- When news on Shoats Creek production went awfully silent for months and then they announced production was crap and they subsequently wrote the project off?

- When loans and transactions were conducted with Amulet Diamond but not RNS'd to markets and shareholders and the first mention of it was in the small print of an Annual Report 5 months later?

- When it became apparent that Bell had loaned the failing Steelmin venture Bell loaned a further £1.1m to Steelmin without RNS'ing the fact to markets and shareholders?

- When Steelmin collapsed into Administration and again Bell failed to RNS this to markets and shareholders despite RRR having a 22% stake there?

- When the Greenland venture, previous supposedly on sale for 10m was eventually sold off for just £1 ?

- When RRR took in over £1m from 3 Jupiter share buy-backs and took in £millions more from dividends and did not hand a single penny of that over to shareholders?

- When the last Half Year Report stated that they only had £139k cash in the bank and had current liabilities of £2.36m and with Admin costs running at £828k a year?

- When posters like myself highlighted that since 2012 this company has raised over £16m via confetti dilution of shareholders and in the same time has frittered over £12m of that on Admin and expenses?

Hard to actually believe you are serious when you look at the catastrophic trail here of failed ventures and preposterous amounts expended on salaries, admin and expenses

DYOR

So as predicted quite a few trades at 0.68p and 0.69p. SP is on its way down to the 0.6p conversion price of the £830,000 worth of outstanding Convertible Loan Notes imo which have a deadline of 19th Dec. Probably lower. Can't imagine why anyone would want to buy shares anywhere above that price but each to their own. More dilution will come of that I have no doubts. Same old.

Uninvestable for me unless and until the BOD are removed and replaced

DYOR