Member Info for talkinto

News - I don't read the other forum - but already sounds like a waste of police time...

Are they all expecting another RNS today as per AB's comment in 16/09/24 RNS to update on the spectrum of RRR activities by end of this week?

200mts Lithium - in the wind

DRC Payment - in the wind

Faso equipment - in the wind

Gold production despite their being gold fkn everywhere - in the wind

RRR RNS update across the spectrum of its activities (by COB today) - in the wind

Shareholder value creation - in the wind

Invest here at your peril. DYOR.

BB - I suppose my more direct question is will the NOMAD continue to represent RRR if RRR default on meeting last weeks obligation.

If RRR do not release a statement tomorrow then surely that equates to misleading investors?

How can the NOMAD sign off on an RNS stating update 'in the next week' if they know RRR will not release anything in the stated period.

Surely, as an absolute minimum RRR must be required to submit an RNS by close of business tomorrow to counter their prior statement or they must release an RNS as stated 'in the next week' giving update which is by cob tomorrow.

I expect neither will materialise and there will be no consequence...This company is a joke.

Another c.£10k well earned by AB... I hope he buys himself something nice.

Meanwhile in Gotham City all shareholders lose yet another button off their shirts.

BB - "snap"

I do not believe yesterday's Chairman's statement met the below commitment outlined in 16/09/24 RNS:

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Red Rock will provide an update across the spectrum of its activities in the coming week.

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Therefore, RRR are still due to release an update by this Friday latest to meet the statement commitment...let's see.

As expected... Shareholders are only good for providing never ending dilution.

How many is that in just the last two years... 20+ ???

It's insane. Anyone buying in or topping up should consider a lobotomy.

I'd gamble on it being shareholder wipe-out in order to raise money and save the business with very loose whiff of jam tomorrow if all agree to it... DRC looks dead, lithium is dead at current prices, gold production is non-existent & debts are piling up.

In the interim, everyone is still waiting for that elusive financial and operational update which is overdue. Surely this will be provided 'in the coming days' before the GM.

RRR business plans

RRR releases

RRR shareholder value creation

Haven't checked in for quite some time but genuinely gobsmacked that RRR have still not updated shareholders and the wider market as they stated they would mid-August.

16/08/24:

We intend to report an operational and financial update covering developments in the Company's business in the coming days."

END

I'm genuinely interested to know how are you allowed to release such statements and then not back it up for weeks and weeks?

I remember when gold was going to be produced shortly after equipment was flown in during April. Some 5 months later and no one even knows if the equipment has arrived. How does RRR justify this level of radio silence?

No wonder no one is buying stock.

I fully expect to see a £20k share subscription release this week for the month end wages followed by something larger to sort POW.

We intend to report an operational and financial update covering developments in the Company's business in the coming days."

BB - Herein lies my question - How is AB and ultimately RRR aligned with creating existing shareholder wealth?

Noting a down and out Evoke share price rose 40% in a week after CEO share purchase - this was following a significant drop after issuing a profit warning earlier in the year.

CEO's investing in their own company delivers market confidence that strategy for growth is likely to be delivered.

Will AB or any of his exec team ever buy RRR shares again?

Don't worry all...with this £20k raise we've likely just made it to yet another pay day.

I expect AB will be looking forward to his £8-10k monthly cheque. I hope he buys himself something nice with it.

Also congratulations are in order.... Well done all who have held on in there to see today's massive landmark achievement - 5 Billion shares whoop whoop.

In other news - we now know that both google, every published dictionary, thesaurus and time served English literature grads around the world are all totally wrong and that only RRR know the true meaning of such phrases and words like 'in the coming days' ' Imminent' and 'very close'.

I wonder if the same two that have delayed the gold production due to illness are also responsible for writing the Financial and Operational update too.

The dog ate my homework. Happy Tuesday all.

The equipment has still not arrived and been installed.

No gold production

No cash flow

No imminent DRC payment has landed

No non-core asset sales made

Lithium still gathering dust in a warehouse somewhere nowhere near China

5x Chinese buyers must still be celebrating Chinese New Year 6 months later

No operational and financial update delivered 'in the coming days' from 7 days ago (maybe it will arrive in the coming weeks but who knows)

Oh...and yet more dilution today...

Over-promise - under deliver... check

'In the coming days' indicates a very short period of time from when stated. You would expect to use it to advocate a period of time less than a week.

Otherwise, you would use in the coming weeks or even in the coming months or years.

I would not say I plan to retire in the coming days if I'm working for another year or 20 - this would be misleading.

RRR need to release in the coming days as they have stated which should be no later than this Friday - otherwise I expect most will see this yet again as an over promise and under-deliver scenario.

No doubt there will be significant debate from both bulls and bears on the quality and content once it arrives.

Not too long to wait now (hopefully).

Nike- those were just starters for 10. Add to it as you see fit (or don't) - you must want answers given your holding is underwater and dilution remains the main staple of funding?

I do not ignore the interviews but I certainly take a different view of them from you - Legohead is no prime Paxman.

We have opposing views of where RRR currently is at, as do many others - hence a comprehensive release could improve the views of all and create some investment appetite which then could create wealth generation for existing holders.

You referred to 28/03/24 for update on Lithium but this was the very same update that concluded the company would rationalise and dispose of parts of its portfolio in order to focus on cash generation, it also mentioned sale opportunities of non-core assets - which has not materialised.

Things change and RRR need to update on every element to improve confidence levels here.

Would be good to know why they raised £20k through share issue and what they plan to use it for / how long will it last

Why are they converting debts to shares rather than sell non-core assets / lithium

How much debt do they have and when do they forecast to be out of debt and cash flow positive

How are they paying the POW 250k next month

What is RRRs current monthly burn rate and what will it be for the increased activity from Q4

How much do they have in the bank and how much do they have access to through various means

Have they considered selling the 200mts (even at a loss) to free up cash for the priority projects - is this even an option and if not, why not

Is AB aligned with long-term shareholders???

An update on all fronts is needed.

News- you referred to my post and seemed to ask what is the point in collating a list.

I see this as an open opportunity for AB to win over everyone - both his critics and his die hard followers. Key deadlines that are achievable and the project plan to make sure it happens.

If we are to see money flow back in to a thriving RRR then confidence in the company is required.

I believe AB frequents this board so he may even see the wish list and tailor some commentary in the impending release to alleviate ongoing concerns or strengthen positive viewpoints.

For me I'd like to see clear updates on the following...

Detailed account of DRC and how reliant RRR is on receiving the payment - can they survive without major shareholder dilution without payment

Non-core asset sales - what is up for sale and how much could they raise if sold - likelihood etc.

What has happened to the 200mts of lithium and what is the plan for this stockpile

Has anymore been stockpiled in addition to the 200mts

When do they expect first gold production and first sale to happen - values expected

What are they expecting in terms of profit per month from Q4 2024

Terms of deals and debt on all quarters - no stone unturned when declaring the financials

How much major shareholder backing do they have - do they foresee more dilution or will they be moving into positive cash flow this year

What is the split on revenue from BF with the equipment supplier - as they do not own the equipment how will they secure ongoing production. How long are they tied in to using the partner's equipment.

AB normally has commentary at the end of most releases - I'd like to see him align with shareholders and refer to whether he sees the current Mcap as fair value or undervalued and how he intends to align RRR progress with long term shareholder wealth creation.

What would you like to know more about in the update?

All,

What would you like to see covered in this weeks impending report from RRR?

Let's get a list of things that need crystal clear clarity from RRR in their coverage rather than ambiguity and clever word play.

Both existing shareholders and potential interested parties (future potential investors) will certainly be reading with interest.

Ps. I'm expecting the report this week on the basis of RRR stating 'coming days'.

News - your post 17:09 is simply wrong again isn't it...

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At 0.045p , it is the price that is within the spread currently, with no discount or "cheap" as stated.

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The spread is currently 0.045-0.055 so you're saying on Monday if spread is the same you can buy 44,444,444 shares for £20k.

The answer is no you can't which means the shares have been awarded cheaper than market rates for current shareholders or new investors on open market looking to buy.

Therefore my statement stands.

Releasing this RNS at 16:28 so the share price doesn't tank - Needing to raise £20k in exchange for cheap shares...simply wow.

For the naïve - companies don't do shareholders favours by giving them cheap shares for no reason otherwise we'd all be doing it wouldn't we.

They do it if they need the money, this says a lot and strongly suggests to me that RRR are truly struggling if they're scratching around to raise £20k and needed to delay the £250k payment.

The situation appears to be quite dire here...

Cannot wait for the operational and financial update now.