Member Info for RichyRich1

I’ve asked in the comments his thoughts on Cobra. If he replies I’ll post what he thinks here.

If all goes to plan I reckon in 12-18 months Cobra is going to be a very good investment, just need to be patient.

Hope you’re all having a good weekend.

Came across this video that’s worth a watch. Interestingly Cobra ticks quite a lot of positives but also a couple of red flags mainly if PH of the acid is less than PH3 there could be issues with the final product.

However even using PH1.5 acid we don’t appear to have many impurities. I think if next results can be fine tuned to low acid consumption at PH3 with over 50% recoverable market might take Cobra more seriously.

We are getting there though!

https://m.youtube.com/watch?v=l04q6TpR8fo

So the next time the Red Rock SP rockets up 30-40% for no apparent reason there’s a good chance that Mr Black will be offloading some shares!?

Appears to be a trend when he sells the SP increases (not sure how) then he doesn’t buy back in again until the dust settles or is it just my imagination?

Played like a fiddle!!

So, given the funders are CONVERTING their debt into shares…..

What other option do they have? We’ll never know if they would prefer cash but obviously that’s not an option is it!?

Anyone that thinks RrR is in good place has an ulterior motive!

Or maybe not seen as he just replied!

You’re not in court news! Give it a rest. Maybe he’s offline!!

Hopefully timed it perfectly!

Had to do two trades to round it up to 3m holding.

One trade for roughly £1,800 and another for £15!

Both not showing yet.

Fingers crossed optimisation update is positive!

GLA

Yeah Sharecrazie, I’m just impatient and today’s news was a bit deflating for me if I’m being honest.

I know the board with now crack on with optimisation but I was really hoping recovery rates would be above 50% then increased even further rather than trying to achieve what Rupert stated was economically viable at 50% and above.

Hey ho let’s see what happens throughout the rest of the year and hopefully we’ll get a stock box interview soon and I’d love to hear what Shipwrecksheeps take is on the todays news.

What I’ll like to know is did they have the results before they did the Q&A as it was posted on You Tube yesterday but results were released today.

“Very pleased” is not quite as strong an endorsement as “delighted” or “exceptional” used in previous results.

My initial reaction to the news was “ah, not great” below 50% so the market reaction has not surprised me.

There’s going to be a long lag before next results so not sure how low the sp is going to drift unfortunately.

How much choice did AB actually have though news?

Cupboard was bare so the only way the debt could be serviced was by issuing shares to cover it?

Suppose we’ll never know but if there was cash available would AB have still have taken the same action?

I’m not sure he would to be honest.

Think we’ve got a seller in the background. There’s been a few large trades the past few days. Trying to stay optimistic that the trades have been ISA trades but not too sure that they are.

Hopefully it’s not a case of those in know have gotten wind that the ISR results are not as favourable as hoped and they’re unwinding their positions!

Really thought we’d turned a corner but as always it’s one forward and two back with Cobra!

10% shareholder in Red Rock.

“decided to post as IF IT WAS FACT without EVIDENCE”

Kind of like stating as fact there was 5 Chinese buyers, or high net worth individual intends to hold their shares in an ISA without any evidence!

Where’s the evidence of the above news other than someone’s word?

It’s not the word of the HNW individual I’m questioning it’s AB’s who is telling us that the HNW individual has told him they intend to hold the shares in their ISA.

There is no proof of this other than what we are being told by AB.

What I’m questioning News is how anyone places £183,000 worth of shares into an ISA?

Why was it even mentioned in the RNS? There was absolutely no need for it.

All I’m interesting in finding out, can someone explain to me in theory how it can be done as my knowledge of ISA’s is obviously severely limited being a low net worth individual and not knowledgeable to the loopholes for HNW individuals!

I hope someone does News because I think the only reason it was mentioned in the RNS today was to appease the market and shareholders knowing that no proof to back up the statement was necessary or would be provided.

But Helpful knows what’s going on behind the scenes so he comes on here all smug privy to info that other shareholders don’t have.

Just have to take AB’s word for it I suppose!!

Here we go again indeed News!

HNW individual lent Red Rock money yes or no?

Red Rock issued shares to HNW to repay debt to HNW individual valued at £183,000. Yes or no?

HNW individual now has £183,000 worth of Red Rock shares issued to them in one go, yes or no?

I’m not a HNW individual so I’ve no idea how one places that amount of shares into an ISA?

Do you know how it’s done?

Genuine question as I’m curious but you seem to think that there’s nothing wrong with it and it’s easily achieved.

What am I missing from this statement from Interactive Investor…..

“You can also access money in an ISA whenever you wish. The catch, if you want to invest £100,000, is that you can only invest £20,000 in an ISA each year. You can, however, sell other investments in future years and rebuy them in your ISA in a process known as Bed and ISA.“

Being economical with the truth here me thinks…..

“A shareholder and lender to Red Rock has converted £182,328.79 debt into shares which he has confirmed to us he intends to hold in his ISA account for the long term.”

I’d love to know which ISA provider they use to be able to add £182,328 into an ISA account or do they intend to drip feed over the next 9 years!!??

Another example of insider privy info if Helpful knows it isn’t Sam!

Perfect example that you’re privy to info most share holders aren’t!

Care to share which country AB is in currently?