Member Info for Oldnbald

Good set of results today in a tough market.

The headline drop in 'profit' is of no great concern - that's basically a reduction in Asset value (paper loss) and teh cash position remains good, add a Divi increase and it's happy days.

RTW

I am now an RTW holder. Looks like i bet the right way by buying ARIX a few weeks ago. Makes a nice change tbh - I'm always nervous about acquisition arbitrage opportunities, far too many don't happen!

Anyway - i'm in, now just have to get my head around RTW.

Pretty Meh either way except 1 point - merged entity would be close to FTSE 100. Getting into too 100 with include us in trackers. More pension funds etc etc and will support price upwards. So on this alone I say ‘yes’

Thank you! Very interesting.

It was.... Helpful :-)

Gecamines is a commodities company. I am unclear where you got your information from, is it in an RNS that i missed?

The money was owed by a 3rd party - so how did it end up and Gecamines and how do you know?

How do you know that Helpful?

Https://worldjusticeproject.org/rule-of-law-index/country/2022/Congo%2C%20Dem.%20Rep./

Being awarded money in court and actually receiving it are 2 very very different things.

So even if the award goes ahead, ... IF, this is DRC after all. They debtor can just fold the company, appeal etc etc

My personal prediction is this money will never materialise.

I am assuming that they do not need 51% of shares to approve - just 51% of shares who VOTE - and as there are many nominee held shares that probably wont vote it may be easier to pass

Power to all posters who won't stand for this nonsense from a CEO.

News always picks up ahead of a placement

Btw Banbury - Love the 'Man with the minus touch' - LOL

As they won't sell anything this is utterly irrelevant.

I recall similar ramping behaviours when RRR bought El Limon - loads of 'GOLD GOING CRAZY' nonsense posts and .............. Zip.

I'd love to know how a smaller RRR who have never managed to run a mine well expect to suddenly turn Alluvial Gold in Burkina Faso, Lithium etc into anything other than a farce.

Or am I alone?

I just have to remind myself 'They are paying you a Divi to be patient'

Can someone pls point me to 'The Photo's' ?

Let me summarise his greatnesses letter:

'Jam Tomorrow - Honest!'

Many Thanks, Jelly Belly

What a torrid tale Red Rock Resources really is. Talk about Lifestyle directorships.

If anyone actually believes they'll sell anything at a profit ever they either have done no research or are deluded. The rest of the rampers are just that - paid rampers. They'll be giving it the whole 'Gonna Explode' nonsense when RRR needs some money and there'll be a load of old flannel about sales and cash and deals and the poor old retail investor will get fleeced again.

The £500k they diluted before Xmas will be gone soon enough on 'admin', expenses, travel, office rent and god knows what. WHen that's run out - watch for the flurry of nonsense (Lithium being a prime example) and there'll be another dilution and exercise in value destruction.

Trouble is - nobody with any nouse trusts a word that Bell says. Not one bit.

Last post -

It appears that when Investec and Rathbones merged they would held over 30% of the BHMacro equity - this is the threshold for takeover. SO they had to sell down to below 30%, they are now (Nov 2023) at 28% so they do not need to sell more.

The buybacks only commenced after this selldown below 30%, hence they only kicked in at the end of last year.

There is a big discount here, as there is in so many IT's, so make your own mind up if/when/how it will re-rate up.