Member Info for talkinto

News - I'll try to reply to your post (possibly question) directed at me but in all honesty your posts are sometimes hard to digest due to the layout, they do not flow easily.

I believe you are querying my investments???

Yes I am still invested in ECR. I will look to add some more there if it drops under .30 but will look to sell the lot if it drops to 0.25 (my BE).

I only normally like to have small holdings in one AIM stock at a time due to the risk they pose. I don't like holding AIM for long periods either.

I took a position in Prudential earlier this week at 689 as a value trade and now have moved my stop loss to 710 - had hoped for close above 722 today which appears to have now become resistance but will see what next week brings. I have positions in other companies too, mainly financials.

I have stated I will likely buy in here on solid news only... Fool me once shame on you, fool me twice shame on me approach.

My posts on this company are presently on the negative side as apposed to yours, helpfuls, Maidits on the positive side - as I've outlined it is balance.

Those reading in can make there own judgement before investing and sometimes reading through past or present investor sentiment helps with decision making as opposed to reading RNS's which you must admit are always very cleverly worded to insinuate but never ever commit to actual delivery dates... 'HOPE' / 'EXPECT' etc. Hence why they are now mainly on REACH releases.

If the so called current 'bashers' were not here to post and it was just you, helpful and maidit in here the last 6 months then you would only have a new set of disgruntled underwater bashers posting. Ultimately, it is the company that creates the poor sentiment, the bashers are a bi-product of failure to launch. Reverse the sentiment, deliver something and the bashers will convert. Fail to deliver and the bashers grow in number - it's that simple.

As they say...DYOR, good weekend to you.

News - I don't actually care what the price is at the time of any future buy in so I'm not here to try and drop the price.

I expect the stock price will likely rise on the company delivering on any one of three threads - gold, lithium or DRC payment. I'm interested in riding a short wave on any of them but preferably the DRC which as outlined by the company numerous times should be close.

I will continue to highlight why I would not punt on this company beforehand though just as you continue to spout why it is so good. It's called balance.

I understand and sympathise that your RRR investment is currently in the red (we've all been there or are still there) and maybe this is blinkering your view - who knows.

p.s where is that report AB stated we should have HOPED to have had from team on the ground in Faso in the last REACH RNS by 10/04/24...another missed target?

Better to under-promise and over-deliver rather than the other way around I find.

Robins -you've asked maidit but I'll answer as a potential punter myself.

My view is this company dilutes more than water and therefore no one new is going to buy in when RRR probably has about 2-3 months of funds before they need to dilute again and they never hit a timeline or deliver on a strategy... no lithium sales, no asset disposals...just the tried and tested shareholder dilution over and over.

To BB's earlier point - equipment was going to be flown in - RRR must be the only company that can charter a plane to stay in the air over a week (this is tongue in cheek humour News before you comment).

It's ridiculous to think that the illegals in Faso have made more profit out of RRR than the shareholders.

I'll possibly buy in as a short term hold when something concrete proves the downward trend wrong such as -' we have gold to sell' or 'we have sold lithium' or 'we have just received a fat cheque from the DRC'. There can't be many mugs left ready to fall for another REACH RNS or a weak as p**s fluffy stockbox interview but who knows.

This company needs to finally deliver or the gravy train may finally come to an end.

Noticed this whilst researching Prudential... Not sure how much influence BB has on markets.

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRR.L

DYOR

Thanks for link helpful - just watched it. Mcap at the time £7m and share price 0.55... a 90% fall in 2 years which now needs a c.1000% rise to get it back to that share price or a c.300% rise to get it back to that mcap... crazy for anyone invested back then that hasn't exited or averaged down.

I'm still interested to ride a wave on this one though at some point - I just clearly got my timing on entry very wrong originally.

Helpful - what is the bit I am missing on Faso then please. If costs are $300-500 and start-up costs only £260k to start producing revenue and with a quick turnaround - why has this project not been top of the agenda for years as the returns would definitely have been profitable given gold price over last decade?

Has there been a licence issue or something else which kept this on the backburner?

So is alluvial mining only profitable if gold is above $2100?

I suppose I am more specifically asking why they have only just decided to start this project rather than start it years ago when price was stable around $1800-2000 range if it only ever needed £260k to get it going to generate cash flow?

Would be good to know as we now know where lithium needs to be to make money so would be good to have the expectations on gold too.

Does it not seem strange that with 'F****ng gold everywhere' (to quote RRR tweet) and kit arriving within days to start production that only £240 has traded hands today.

An AIM share with a valuation around £2m about to start maiden gold production when gold is priced around it's highest on record and no one seems interested.

Plus they have a multi-million pound DRC payment which they believe is days away / imminent and also a nice supply of lithium for when the price is right to sell with Chinese buyers possibly lined up too.

Normally on AIM, the share price starts moving on the hype alone... RRR is incredibly flat lately and its not for lack of volume, I look daily at £10k trade and can be easily filled if wanted which is reassuring as I do think a share spike following an intraday DRC RNS could still be ridden for profit as it seems nothing else will move this share upward.

Link below shows no recorded Director buys for nearly two years. This is despite the current share price now being at rock bottom whilst the price of gold is hovering around it's highest ever levels and RRR are supposedly about to start production at a site where they quote there is F*kin gold everywhere.

https://www.lse.co.uk/DirectorsDeals.html?shareprice=RRR&share=Red-Rock-Resources

The link states the last 4 transactions have actually been AB selling down his position. What does that say about his confidence in his company? - comical rampers answers on a postcard welcome.

DYOR

News... Apologies I missed your question yesterday when scrolling through all the dross typed.

You recall we spoke about this a few days ago when I tried explaining sarcasm and humour to you. I invest much more than £500.00. If I wanted to stick £5k, £10k, 20k in here I would - and indeed have only to be scolded by the sheer poor running and misleading communication shared by this company (DRC payment is imminent / days away / very close etc).

I was making a quip at Helpful who bantered with me previously on only investing £500.00.

If you would like to know dummy live prices on large buys please ask and I can run on my account for you...but to reiterate there certainly is no shortage of stock to acquire for buyers if they want it, it seems they do not.

Whilst I have your attention can you please explain how your calculator works too...On 10/04 at 01:46 you stated:

"IN SHORT, THE MARKET HAS BEEN CAUGHT SHORT OF STOCKS AND THAT IS WHY WITH NO RNS==========3 DAYS OF RRR UP +14%, +18% AND +3.07% WHICH IS NOT NORMAL. "

I have used my calculator and when I punch in the lowest ever price on a spread using 0.055 and add on +14%, then +18%, then +3.07% it does not come out at the price we have seen in the last week - it totals 0.763 (rounded up).

I know you like to operate in FACT only so maybe you might want to issue a short note to withdraw your false statements and calculations on this one - or buy a new calculator?

Rinse and repeat shareholder dilution...no other way to positively spin this. With every dilution the potential gains for LTH erode further and further. This share goes down a lot more than it goes up.

Plus yet another vague RNS:

"The Placing proceeds will be applied to bringing gold assets in Burkina Faso to production, in accordance with the announcement of 27 February 2024, and other working capital purposes."

What is the split on proceeds going toward Burkina Faso and how much of the £260k is going on 'other working capital purposes?

For example, is it £10k for BF and £250k to keep paying people (including consultants) fat salaries.

Also, I thought BF equipment was being supplied FOC so no real outlay for RRR initially. Now quarter of a million needed. Where is the strategy, who is controlling the spend, how long will £250k last before more dilution is required. When will RRR expect to generate cashflow from this £250k investment?

I suppose none of this is relevant though because as usual RRR say the DRC money should be here soon...cheques in the post style :) I think it's been roughly 10 months since I fell for this gag and yet it's still imminent. :)

Not a single holding PI in profit on this share - FACT. (excluding those of course who are invited to partake in the discounted placings).

Blimey Ajaye... Just read your history, you've been in RRR for quite some time. Have you continued to average down?

what has kept you invested here since share was over 1p?

You genuinely own 4% ????

I cannot see any liquidity issues with this stock - £5k-10k tranches are available for purchase at around 0.67 presently.

There is no conspiracy theory or shortage of stock...I imagine no one is buying because no one wants this stock.

Any update on DRC payments?

Any update on Lithium sales?

Any update on what D.Lenigas was brought in to deliver and what he's being paid?

Any chance of AB buying some stock himself if this share is so undervalued?

Anyway...I'm sure they'll find a small pinch of gold dust to wow the market with soon enough and then all the above can be forgotten.

P.s... my shorts are making me rich... (wink).

news...

"why do naysayers not go to ecr folks to tell them they have 0 like here ie assets not worth anything kinda of thing? mkt cap is £5.84m "

maybe because ecr doesn't change its strategy every 5 minutes.

maybe because it doesn't claim to be a gold miner but then flick to lithium or candy crush sweets or oil or whatever other adhd idea pops up

maybe because it is fully funded to the end of the year

maybe because when things go bad the board are quick to act and heads do roll

maybe because the board are getting paid in shares rather than cash so they are aligned with shareholder values

maybe because ecr don't buy product from other companies and make out they mined it themselves and then get stuck with the stock when the price drops through the floor

maybe because ecr don't post photos of someone else's product before realising their error and removing it from x

maybe because when ecr say they will sell non-core assets to raise funds rather than dilute shareholders to oblivion they actually do it.

that's a few reasons why maybe ecr is valued higher than rrr currently but other than that i really don't know either.

it's a real mind ******.

Oh dear Helpful... I had refrained for so long from calling you a prat but now you've gone and spoilt it :)

Deflect and detract - despite all your perceived wisdom and RRR knowledge you can't answer a simple question, the simplest of questions... when do you think RRR will actually start generating some cash.

It's clear the shareholders don't care how it comes now as long something stops the rot.

" who in their right mind flies in a gold wash plant and then leaves it sitting around doing nothing, they may as well ship it"

Fair comment... my response... who in their right mind buys 200mts of Lithium and leaves it sitting around doing nothing, they may as well ship it"

We are talking about RRR here...delivering results is not there strong suit is it.

However you sell the gold...cash converters for all I care...do you think RRR will be selling by the end of the month?

"RRR is about to start gold production next week"

Helpful - a bold statement but I'm interested to see if you even believe it yourself.

When do you believe they will have produced enough gold to create a commercially viable sale agreement and start to generate revenue - end of the month???

It's like watching someone try to pump a severely punctured tyre...pointless.

Anyone know how much cash RRR has left to keep the lights on - nothing coming in yet there is certainly money going out each month.

DRC - Failure:

Imminent, very close, close, days away - how much has RRR been paid since making quotations 2 years ago?

Gold - Failure:

How much has RRR sold in last 20 years?

Lithium - Failure:

"Judge us on our exports" - How much has been exported so far, how much of that export was sold and how much was returned to the very location it was exported from?

Non-core Asset sale - Failure:

Mentioned in the end of year statements to support cash flow, how much cash has been generated so far from sales?

Director purchases - Failure:

How many shares has AB or any of the board bought in the last year to help prop up the share price and show support and shared skin in the game with shareholders?

Shareholder value - FAILURE :

How many share holders have made money by holding this share since purchase for more than a week?

p.s... Zero might be the answer to quite a few of the questions. Facts or opinion, you decide.

DYOR

News - my post indeed quoted AB verbatim - there is no rowing back from me.

My quip afterward is called sarcasm, you should try adding it to some of your posts and then they might become a more enjoyable and digestible read.

As an aside, if you cannot hear the youtube interviews each one has a transcript so you too can see what AB states word for word.

Maybe go and read the last 6 stockbox interview transcripts with AB on DRC payment and then decide whether you think its being paid anytime soon.

If you are asking me what I think - I now think DRC payment will not happen at all or will be significantly less than the number being banded around but don't worry Rodney - this time next year we'll be millionaires from all the gold.