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The Resident stated PLACING ie MEGA from RRR AGM, 16 Feb 2024 in London and is evidenced on this forum.

Theeeeduke,

I CANNOT give you an ANSWER you require of YES, OR NO re: placing coming. Why? I do NOT KNOW and it is WHOLLY WRONG to speculate. Why? It is IRRESPONSIBLE given there are many holders in RRR.

PLACING

In the past, there have been blogs about placing coming. Do you notice there are NO MORE such blogs? Why? I think the FCA has stepped in and that is the only reasonable explanation. If indeed, the placing of any stock comes to pass, it is NOT IN THE MARKET PLACE. I dont think I need to spell out regulatory rules on this.

So, in asking me -----------WE ONLY DEAL WITH DEFINITIVES which can only COME VIA RNS.--Thank you.

HL now , to buy 2.258p.

To Sell, still 2.226p.

Its OK now. Thanks.

What I asked is now BEING DISCUSSED on Red Rock Resources Twitter now.

Ah, resident is back but nothing on the placing and what happens next. Everyone else is asking now,NOT ONLY ME on Twitter Red Rock Resources Twitter A/c. Tues, 27.2.24

Isnt it strange that at HL, Tues, 27 Feb 2024 @12:39 noon, the quote to buy is 2.206p BUT THE QUOTE TO SELL IS 2.226p

-----to SELL PRICE IS HIGHER THAN TO BUY PRICE.-----

Can anyone else check ? Thank you. I have checked TWICE.

Theeeeduke,

Today, is Tues, 27 Feb 2024, with NO MEGA PLACING per RRR AGM, London 16 Feb 2024 via Resolution 4: Authority to Issue.

If what you postulate ie not to be fooled, then THE MEGAL PLACING MUST COME. CORRECT OR NOT? All postulations must be TESTED AND PROVEN. Where is the MEGA PLACING postulated by resident/s here. In fact, the chief resident HAS GONE? Why?

As a holder of RRR, I have the right to know. Chairman Andrew Bell has tweeted and it is WITHIN THE OFFICIAL RED ROCK RESOURCES TWITTER A/C [thread] today after the RRR RNS.

Where is the MEGAL PLACING?

Zumore

How terribly flattering that I am no longer on filter.

As a holder of RRR shares, one is NOT interested in SEMANTICS of what constitutes dilution. FACT 101: FUNDING RNS OR NO FUNDING RNS ie called placing as AGM ARTICLE 4: AUTHORITY TO ISSUE.

This cannot hold back FOREVER - WORKING CAPITAL is needed by any AIM co that is not profitable. So, if NO FUNDING per the resident/s here, then, SOMETHING HAS GOT TO GIVE:

[1] SHORT POSITION THAT IS UNDISCLOSED will have to be CLOSED.

[2] If in theory, say, not closed, then the UNDISCLOSED SHORT INCREASES if there are buys to any extent.

[3] The market has to BUY shares to cover the undisclosed short position.

[4] Any RRR RNS that could move the price upwards means shorts in theory will have to cover more aggressively.

THAT IS ALL THEORY and HAS HAPPENED BEFORE AT UKOG, history now.

In the USA, shorting brings the price lower and therefore funding is ever done on a lower scale, with shareholders losing their money/savings. ALL KNOWN IN THE MARKET. SO, NOW TRUTH WILL OUT =========IF NO PLACE RE: AGM ARTICLE 4: AUTHORITY TO ISSUE.====

Resident has left this forum. That is also interesting given the emphasis that a placing was coming MEGA TIME from RRR AGM Article 4. WHERE IS THE PLACING IE MEGA?

----------------RED BARON POSTED LAST NIGHT ON THIS FORUM TO WATCH 6 FIGURES BUYS TODAY--------------

In this thread, the big buys have appeared indeed of £176.2k and £120k. Tues, 27.2.24

Hello Red Baron---any comment? Thanks.

TRUTH WILL NOW OUT:

How? If there is NO PLACING as postulated by comment here much earlier, then IF, INDEED, there has been a SHORT BOOK, say per Andrew Bell, Chairman of Red Rock Resources via a tweet from him and within the Red Rock Resources tweet a/c, then the following could happen in THEORY:

[1] THE UNDISCLOSED SHORT POSITON MUST CLOSE, 101?

[2] IF THE AGM ARTICLE 4 AUTHORITY TO ISSUE CONTINGENCY IS NEVER UTILISED AT THIS TIME, THE SHORT POSITION WORSENS IN THEORY, IF THERE ARE MORE BUYS 101?

[3] Any example? Yes, UKOG plc [history now] of how the stock went up from 1p to some 11p in a short time. That is now no longer theory but happened ie history.

[4] We await the OUTCOME.

From a shareholder of RRR. Since this is being discussed, the above is logical and reasonable.

Minchin has already explained about DE-PRESSURISING to release helium. In Australia, the helium grade is so low at one gas field @ at some 0.2% helium that they have hired AMERICAN SPECIALIST via a co, to use PROVEN MEMBRANE tech.

"Andrew Bell: The MARKET makers MARKED the price DOWN on news. It has been obvious for some TIME they have been running a SHORT POSITION. When the price ROSE in VERY LARGE VOLUME they COULD NOT COVER so kept widening the SPREAD AND MARKING DOWN. Does this mean they WANT OUR STOCK? Then, as today, the MARKET did not give them MUCH. VOLUME FELL.

...UNDISCLOSED SHORT POSITION for speculative purposes is as ILLEGAL for them as for EVERYONE ELSE.....POLICED..less CAPITAL BEING...SHORT." From Andrew Bell 2019 , Chairman of Red Rock Resources himself on Twitter at https://twitter.com/ABell2019/status/1762438035533181003 11:22AM, 27 FEB 2024 with 23 views.

Comment:

FROM THE CHAIRMAN OF RED ROCK RESOURCES HIMSELF ON TWITTER AND WITHIN THE RED ROCK RESOURCES THREAD on today's RNS, 27.2.24. SO, POST THE RRR AGM IN LONDON AND THE EXPECTATION from the resident comment, there has BEEN NO PLACING SHARES as expected from the AUTHORITY TO ISSUE ie AGM Resolution 4.

AH, CHAIRMAN OF RRR, WHAT HAPPENS NOW? DYOR, NIA.

Now, today's RNS about BUKINA FASO is interesting from the RRR Tweet:

"Red Rock RNS on Burkina Faso. Takeaways: Early Cash Flows?, AVOID DILUTIVE FINANCE? Monetise assets? ABLE TO JV?RETAIN UPSIDE? IMMEDIATE SCALEABILITY? A lot of boxes ticked."

Red Rock Resources , 4 hrs ago, Tues, 27.2.24 [Post RNS today]: "Our planned Feb visit to join our colleagues at Riverstone Resources Ltd, a HONGKONG co owned by Mr Mahendran Samuel on site at BILBALE , has now been scheduled for FIRST WEEK OF MARCH." https://twitter.com/RRR_RedRock Tues, 27 Feb 2024 [Post RNS today.]

Comment:

Interesting tweet about dilutive financing.

"The equipment brought in for our ALLUVIAL gold test programme at BILBALE will be able to handle from 288 tph to 1,152 tph. "-25 mins ago, Tues, 27 Feb 2024 [102 views].

[2] Within the thread, another tweet from RRR as well: "Think about that." - 27 mins ago.

[3] Replies to above: "GRADE 2-4 grams per tonne, 12-16 hr work week?"

[4] Red Rock Resources reply: "Say 1.5 tph per unit if clayey soil, 3tph if normal, & 6 tph if gravel."

[5] Red Rock Resources: "We know the theory, and we know what the machinery should be capable of, but until we get on the ground operating the width of the gap between theory and practice is unknown. So, we now test the hypotheses . ACCELERATING AN ALLUVIAL project involves dealing with some unknowns."

RED ROCK RESOURCES TWEETING ABOUT TODAY'S RRR RNS, TUES, 27 FEB 2024.

https://twitter.com/RRR_RedRock/status/1762426614317523217

Yes. Agreed.

Minchin told This is Money: "REVENUE $83m a yr."

If one wants a higher revenue, that is also possible with increased production as norm.

IRR of 49% is excellent [British under-statement].

Price is also high for helium per MST ie field helium is $650 USD which is much higher than Minchin's figure at the time.

Pressed post by error.

Link: https://twitter.com/Noble_Helium

Should read : Minchin 's Capex : USD$50m. So, Minchin's figures are the same almost as MST's for Noble dated 12 Feb 2024.

Minchin: $50 CAPEX.

Opex quoted by another poster today.

vs MST, Broker Note dated 12 Feb 2024:

"Use base case $450 USD. Prices for ex-field helium is $650 USD."

"Opex $15-40." "Capex $40-60m USD."

IRR 49%." [For Noble Helium].

IRR 49% is out of this world. So, Minchins

Well, is ALB interested in helium now?

Well, Well. LoL. Especially about ALB.

I just listened to the Chairman of Noble at "2024 RIU Explorer's Conference" dated 15 Feb 2024. Shaun Scott , Chairman of Noble Helium said "demand for helium going through the roof."

At 7:42 , Mr Scott mentions HELIUM ONE- I havent got the sound on loud so check but I think he said FLOWED TO SURFACE ..pressure re: Helium One. Of great interest is the fact he mentioned ALBEMARLE!!!! One of the very large shareholders of Noble Helium is the CEO of Albemarle!!! https://twitter.com/Noble_Helium/status/1758279774743699861

Js15

Yes, that is due diligence. I have done my share of digging till late into the night for quite some time now. Given I am not heavily invested, I am looking for surety for myself on whether at this mkt cap level, there is more to play for. However, one can wait if one wants to or sit in. Last night, I have seen the map which Stricker posted which is helpful. I gather that was the work of the Americans that Abraham hired. Very clever of him to bring in Geochems from Oxford School of Mining and Americans inc Sewell so that there is no doubt left of the findings of helium - testing at lab and spectrometer live on site in Tanzania.