Member Info for zumore

A few days ago you said Red Rock was the second best investment prospect on AIM.

After today's RNS still number two?

Also i'm not confusing this with the earlier loan RRR made to Steelmin. We were told that Steelmin had fully repaid RRR that loan. So RRR must have made them additional loans.

Joebop, no wonder at all. With both RRR and RGM you always know that their RNSes never tell the full story.

In todays RNS it says:

"Elsewhere, the holding in Steelmin has proved disappointing, as ferrosilicon prices were low and electricity prices high over the period of the plant's commissioning, and it is currently closed. We do not have high expectations here, Elsewhere, the holding in Steelmin has proved disappointing, as ferrosilicon prices were low and electricity prices high over the period of the plant's commissioning, and it is currently closed. We do not have high expectations here, and have written off our equity and a portion of debt amounting to £256,510.56 while efforts continue to find a buyer for the business. while efforts continue to find a buyer for the business"
........
Now when they say " and have written off our equity and a portion of debt amounting to £256,510.56"

Note they say "portion" so that means a small part. So that reads to me that RRR made another huge loan to Steelmin (that was never announced in an Red Rock RNS) and Red Rock have now written off a small portion of that debt amounting to £256,510. So i guess Red Rock will reveal the full amount they lent Steelmin when the RRR annual results are released at the end of the year.

It's scandalous they never tell shareholders about certain loans and deals they are doing on the quiet.

I always feel underwhelmed when i read these AIM RNSes because when i read large companies RNses they always give great clear detail with comprehensive breakdowns but then i read RNSes like todays and they give the bare minimum of details.

Anybody would be bonkers to fester and stay in this when you consider RGM are under no obligation to release their annual results to the very last day of this year. You would expect by then absolute share price annihilation.

On 31st December todays RNS says that the RRR cash and cash equivalents were only £27,059.

Bear in mind leading up to Red Rock's November annual results RNS some PIs were speculating that RRR must have cash of around £4 million. Even 'Helpful' thought they would have around £3.5 million in cash. However when the November annual results RNS was released RRR revealed they had at year end (June 30th 2018) cash and cash equivalents of £2,265,636. Since then RRR have also received around a £500,000 cash amount in Jupiter dividends. So pretty shocking that todays RNS revealed that at year end they only just over £27k in cash and cash equivalents.

I recall when Red Rock were receiving Jupiter buyback payments + selling 20% of their Jupiter shares, many were saying please get rid of Andrew Bell and don't let him have that money because it would be quickly peed away by him. They were absolutely right because the cash has near all now gone.

RGM (+ Bell's other company RRR) will need to release their half yearly reports by tomorrow.

The half yearly should contain the financials between 1st July 2018 to 31st December 2018. So on the surface you would imagine RGM would have to at last come clean about the profit or more likely losses they had at the US coal mine between August 2018 to December 2018.

Of course i'm not overly confident the company will reveal all. But let's hope so.

"For those of us suffering from deep grief lasting several years, cognitive dissonance is a defence mechanism"
...........
Helpful please tell us how do you manage with Mayan? After all over the years they've had a 400-1 share consolidation and so their share price must be over a 1000 times smaller from the time that you originally invested in them when they were formerly called NCT. Throughout the MYN/NCT decline in share price you have ramped throughout. How the hell is that even possible?

I think everybody can understand a person ramping in the beginning but then turning bearish when things go wrong (that's natural) but you've ramped a company throughout a period when their share price has got over a 1000 times smaller.

Like i say how is that possible for you to do that?

I've been waiting two days for someone to mention Jam. So two long days before i could get my Hartleys jam joke in.

"more jam tomorrow due as ever"
.......

Yes i'm sure that's why Jupiter have sought the services of Hartleys: http://www.hartleysfruit.co.uk/our-range/hartleys-jam/

::

Yes i agree. They also received some on 15th March.

RGM just want both death spiral companies to hold onto them until after RGMs 1st April general meeting because RGM management are looking to win a vote so they can issue up to an additional 2 billion RGM shares.

don't let certain posters hound you from posting on these forums. In my opinion your posting style is way more honest than for example 'helpful'.

For example you've been posting on this thread on/off for a few years and your posts detail that Red Rock is not a stonking buy that the company or rampers would have you believe. And you have been quite correct because the Red Rock share price is well over an hundred times smaller that it was a few years ago.

On the other hand PIs have probably noticed poster 'helpful' posting on the MYN (formerly NCT) threads for many many years. In that time the MYN share price is many hundred times smaller than it was a few years ago: yet every single step of the way poster 'helpful' has been ramping all the way from the top to all the way to the bottom. So anybody who followed his rampy posts on that thread would be financially devastated by now.

It's just downright weird that a person can ramp a share from the top and still be doing it when it's share price is hundreds of times smaller.

29th Oct 2018: "It comes down to opportunity cost: repaying the CLNs gives the company a certain return of 10% but what does it generate by using the CLN money as wc elsewhere? If the copper and cobalt deals are are really good perhaps the company will benefit from rolling the CLNs. £3.5mil doesn't go far as wc if the company has multiple copper and cobalt deals."
...........

2 Nov 2018: "Trolls. Funny. The CLNs being renewed is good news for the CLN holders and RRR. If RRR had no use for the money it would have repaid the CLNs. Think about it. DYOR"
.....

29 Nov 2018: " I hold CLNs, shares, spreadbets and warrants. I don't comment on clients.

I arranged for the rollover of the existing CLNs and I rolled mine as part of that deal. If I thought that RRR was going nowhere I would let them redeem the CLNs"
...............................................................................................................................

Helpful, considering that you only seem to invest in dog risky AIM companies, i personally find it shocking that you have clients who you offer advice.

In October 2018 you wrongly thought RRR had cash position of around £3.5 million. You was also suggesting that you and your clients would roll over your CLNs so RRR could use their excess money to advance the company.

So if come the next annual results it is revealed RRR have no excess money remaining, what would you tell your clients then?

Let's be honest only an imbecile reckless advisor would be telling their clients to roll over the CLNs once again.

notorious death spiral company YA Global own 39.10 % of Curzon energy. Read the RNS on 11th March 2019: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CZN&ArticleCode=p8j***js&ArticleHeadline=TR1_Notification_of_Major_Interest_in_Shares

So it may well be true that First sentinel own 2,892,857 Curzon energy shares but it is also true that notorious death spiral company YA Global own 32,462,500 Curzon energy shares.

in the next few days. So interesting to see the debts and cash position at 31st December half year point.

I foresee when the RRR annual results are released in Nov/Dec, then i foresee very little cash left + huge debts + they will have to pay back the near £1 million cln. So not meaning to be a doom merchant but i think RRR will have a much lower share price by then.

"Upside far outweighs the downside especially considering broker has re-iterated a 23p target for Coo's Bay alone"
...............
Well when Curzon listed in 2017 that same broker gave a 37p target. So they must be the most thickest stupidest brokers out there considering Curzon rnsed in December that it's Coos bay project was suspended, or in other words abandoned.

Here's a Curzon energy Coos bay extract from 28 Sep 2018 RNS:

"While certain wells are showing gradual increased gas production rates, the wells have not yet achieved commercial gas production rates that would enable us to connect and sell gas into the nearby regional pipeline"

Curzon's 20th December 2018 RNS said:

(1) "Well testing operations at Coos Bay suspended"
(2) "Ultimate commerciality of the project requires additional appraisal drilling and testing"

Just before the Curzon listing in 2017 sh&reproph*** Gary Newman gave his assessment of Coos bay. He said:

"The plans for Phase 1 to get to production and prove up the concept, all being well, include re-entering the existing wells as well as drilling two new ones, and the $2.33 million which the company is raising will more than cover that with $1.33 million (roughly £980,000) budgeted for the drilling plus any additional infrastructure. At current market prices a well can be drilled for under $350,000"
............
So each well would cost a whopping $350,000 to drill. No wonder it was suspended (or abandoned) because from what they've done so far it proved uncommercial. So an absolute dismal failure.

So you can only conclude that the posters on here and advfn are trying to dress up a tu** of a company to sucker gullibles to buy in.

This is being massively pumped and all Curzon have at present is just one suspended asset.

So this share price is way overpriced.

Of course I didn't mean Stephen would recover his like losses here. No chance here. I mean t somewhere else.

Booboo, some may have thought PJ would be sticking with the other large holders to get rid of Bell. But no he joins Bell at ABM. Then again those who used to loyally follow him no longer follow him; he went over to ABM and last week to ACP but very little interest in either. His ramps on his twitter no longer work these days either, so now he's just a guy who invests in s+** stocks. So i guess no wonder he's started to join boards again

Yes booboo, Johnson is an absolute shocker I have zero sympathy for him. But believe it or not i do feel sorry for Stephen (i can see good in Stephen). Though i still can't believe he trusted and had faith in Bell but he obviously did because he invested so much money into RGM.

This may not be popular but i hope he recovers his losses one day.

the guy D*c Holiday mentioned (in 15.47 link) resigned from his position at Curzon Energy on Friday.

I can remember a very old interview Kinane did alongside Bell when he used to work for YA. I believe he started death spiral company Riverfort capital.

So who knows with him being Bell's chum he may be coming over to RGM? Kinane is also a good chum of Winnifrith so you never see TW criticizing Riverfort capital.

I'm sure the likes of SP will correct me if i'm wrong but when that 25th January RNS was released i'm assuming Andrew had no knowledge that later in that day (at agm) shareholders would be asking him to resign. So that RNS was just a standard dressed up RNS by Bell.

A day or so later SP gave his account of the agm events. From his post he indicates Bell was surprised by his ousting.

"To confirm a few things, and back up what AB said in his interview yesterday.

Some shareholders, me being one, went along to the AGM during which, we nominated 2 new directors to join the board.

An agreement was made, where AB would step down to a NED, and the 2 new guys would take the CEO and Chairman positions.

It was all very polite, gentlemanly and respectful, but a surprise to AB. I will say, he acted with total class, and respect to him for that.

The incoming CEO addressed the room after the meeting.

AB supports the new guys, and they will work together in transitioning the company.

Whether AB wants to stay on long term is an unknown, and will be his choice, but he does have a wealth of knowledge about RGM.

So, instead of guessing... why don't you wait for the names of the 2 new guys to be announced, and then look at their recent track record.

(btw, I aint one of them)"