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Essential reading that. Thanks for the reminder panda1.
TDT
Timing is everything.
https://twitter.com/chigrl/status/1755267893967589450
TDT
"At least it is NOT the "DRC monies is delayed/went against us" RNS."
No, its somebody who thinks that after the next fund raise confetti event the share price is going to be an awful lot closer to/lower than £0.0006375 and they're probably right.
TDT
Ooooops, sorry I meant RNS.
RNS
Red Rock Resources PLC
("Red Rock" or the "Company")
Issue of Shares upon Exercise of Convertible Loan Notes
Total Voting Rights
12 February 2024
Red Rock Resources Plc, the natural resource development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announces, further to the announcement of the issue of Convertible Loan Notes on 19 October 2023 ("Notes"), that it has received notice of conversion of £134,820 of Notes, inclusive of interest, into 211,482,353 ordinary shares at a price (calculated in accordance with the terms of the Notes) of £0.0006375 per share.
Is that what these 5 Chinese fellas are now thinking of buying? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
TDT
"What a shoddy grubby lot they all are, going over the same rubbish day and night, pathetic till the end."
If only you were sufficiently self aware you'd recognise yourself in that description. You're advocating Red Rock as a good investment where history tells you, in fact 19 years history, tells you its not. Bell is doing what Bell and his legion of suckers, self-promoters and charlatans do best and that's try to entice the inexperienced, the naive, the poorly research and the down right desperate to invest here.
The rampers play book right enough.
TDT
Legin252 going from A to Z in the rampers play book. It would be priceless if it weren't so predictable.
TDT
.........possible cliché from the rampers play book plus customary abuse. Nothing new there then.
BB, I don't think you want to concern yourself with this lost losing money or ending up getting trapped in RRR once the inevitable fund raise drops and DRC monies recede into the never, never. Their play book is not investment but to descend on shares like RRR with the express intention of ramping to fool others into buying so they can bail out with their 5%. They're the AIM equivalent of muggers but without the balls go actually go out and physically take money from somebody.
You know what's going to happen here because you've seen it many times before. The ramping collective know what's going to happen as well which explains why they're so vehement and abusive in their responses to your posts.
They only have a small window of opportunity to pump this before the inevitable collapse so expect them to become even more unpleasant.
TDT
Roll over not buys.
TDT
"Nickel is used in the battery’s cathode."
LFP batteries don't use nickel.
https://www.insightaceanalytic.com/report/lithium-iron-phosphate-batteries-market/2226#:~:text=Lithium%20Iron%20Phosphate%20Batteries%20Market%20Size%20is%20valued%20at%20USD,forecast%20period%20for%202023%2D2031.
https://www.visualcapitalist.com/sp/visualized-the-rise-of-the-lfp-battery/
"After some number crunching, you get 800 Million EVs from 79 million tonnes of Nickel. 2 Billion EV’s projected by 2050."
Have you heard of the "circular economy"?
https://www.greenpolicyplatform.org/sites/default/files/RR%202018_05_Circular%20Impacts_batteries.pdf
https://www.sciencedirect.com/science/article/abs/pii/S2352152X19302944
TDT
Rovers 62
"Rumsfeld’s theory of knowledge separates information into three categories: known knowns, known unknowns, and unknown unknowns. This is a helpful distinction of knowledge, but is an inaccurate image of how the categories relate. Rather than buckets, they form a connected circle. Knowledge is a continuum between the known, the appreciably unknown, and the deeply ignorant. Information slips fluidly from darkness into awareness, to the familiar, and onto things we forget to have forgotten."
If you are half way interested in this sort of thing you can take up the rest of the above here.
https://clvnprc.medium.com/the-rumsfeld-circle-8f2b73f016de#:~:text=Rumsfeld's%20theory%20of%20knowledge%20separates,they%20form%20a%20connected%20circle.
TDT
"At least we will not have to see sub 0.1 again."
I can guarantee you will see sub 0.1p within the next 14 days. As sure as night follows day.
TDT
....already. That didn't take long. You might get one more brief run up here but the inevitable direction of travel is down.
Another disgraceful Bell manipulated pump on a fluff RNS and on a "Reach" RNS at that so there's no excuse for not seeing this for what it is.
What is RNS Reach?
"RNS Reach is an extension of RNS and delivers non-price sensitive information. It is used by companies to keep in contact with investors and can include marketing messages, as well as product information for commercial purposes."
At least Cornish is not mentioned on the "Reach" so he's distanced from the whole thing.
TDT
Rover2
Big outfits are not immune to making bad investment decisions and they're not inclined to throw good money after bad either if it seems to them that, in the interim, things have changed.
Take BHP and nickel for example. Several years ago they would more or less have paid you to take their legacy nickel assets off them so desperate were they to off load. Move on a couple of years and nickel became central to their future so positive did they views its prospects going forward. And now?
The one thing that most PIs here seem to be hanging their hats on is the belief that the big cornerstone investors and banks will not walkaway from the monies already invested. That's an assumption and you know what they say about assumptions, they're the mother of all feg ups.
The Chinese are determination to take a large chunk of the emerging EV market. To do that they need to control, plus other things, the nickel market. The CCP are wholly behind all of this. Normal market rule simply don't apply.
TDT
TDT
Rover2
That sort of analysis is a bit like what was being said about sulphide-vs-laterite several years ago. Then there was a similar argument about nickel being essential for batteries just as LFP emerged and took over 50% of the Chinese EV market.
I don't think you can hang your hat on Indonesia running out of reserves. They have a large laterite resource that could be convert to reserves plus there's still plenty of drilling to be done to add to that.
The bottom line here is the Chinese have established a dominant position which western companies will find almost impossible to challenge. Vertical integration, from mine to finished EV. Being in the lowest cost quartile for nickel production is only one advantage. No mark-ups as you progress through the food chain produces and end product the west can't match in price.
Anybody looking to finance Horizonte are likely to be an awful lot less sanguine about the medium term than you.
TDT
Rover62
Why do you think they will fail?
TDT
“If I’m correct, much lower SP to come.”
I think that statement is what’s called non-evidence based guess work.
TDT
David Lenigas.
I've just has a John McEnroe moment.
TDT
Try working out what the unexpected figures have been over and above what would have been expected in stead of routinely alluding to the inflation bogeyman.
https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/ADVEC/WEOWORLD
Then ask yourself what was the contingency supposed to cover. Lastly try and square that with the CAPEX blow out. The blow out is not down to inflation alone.
TDT