Member Info for zumore

If Bell + Kaintz had been sacked four years ago Red Rock Resources would still have got the Jupiter dividend and buyback payments; likewise if they were sacked today Red Rock Resources would still get any future Jupiter dividend payments: in other words they are both totally irrelevant and of zero importance to these Jupiter payments.

These days Bell does interviews and the price dips, even positive RNSes (like Jupiter payment) and the price dips. So i agree what is the point of keeping someone like him in charge when it's obvious he's totally ineffective and of no use to RRR shareholders? My theory is, he's been here 13 years, over the years an huge number of PIs have lost tons of money and he simply doesn't have many investors who will invest in his companies these days. So in my opinion zero point in keeping him.

but a familiar Bell rns that i've seen over the years where he puts in a bit of latin with a lot of s*** updates surrounding it.

To me Steelmin looks hopeless. The company Steelmin took out an huge loan to repay RRR back their loan, so if Steelmin can't repay back their latest big loan (which seems likely) then those lenders will take Steelmin's Bosnian Ferrosilicon plant, which would mean Steelmin would be without assets, which would leave Red Rock owning 22% in a company without any assets.

Though if the lenders did take ownership of the ferrosilicon plant then you would think it would be near impossible for them to sell it when it seems impossible for it to be to make a profit. So you would think only an absolute incompetent mug would step in to buy it. So because of that you wouldn't rule out Bell stepping in to buy it. But why did you buy it? "because it is big". But it impossible for it to make a profit. "but it is big". Many years have now passed by and this worthless Ferrosilicon plant is gathering incredible rust. "yes but is big"

If i remember the CZN prospectus correctly i think the one year lock in period ends tomorrow when the larger shareholders agreed not to sell their shares for a year. Of course many believe lock in period agreements are worthless and that the larger shareholders do still offload during this agreed lock in period; on the other hand some say that a company will withhold the shares until the agreed lock in period ends and so lock in periods do mean something. I'm clueless which one it is, so it'll be interesting to see if the sells soon pick up.

gave a perfect demonstration of how not to promote an new asset.

(1) He released the RNS after hours

NOTE: Let's be honest what a stupid thing to do.

(2) He then tweets: "We support @realDonaldTrump in his efforts to MAGA! Let's supply more of that met coal from Appalachia to great US companies"

NOTE: Probably 50% of PIs positively loathe Donald Trump. So in my opinion i would say it puts certain PIs off when they see a fanatical Trump supporter like Andrew Bell tweeting about him.

(3) On the evening of 2nd August this chairman Andrew Bell began posting on this thread and got into arguments and since had some of those offensive lse posts removed.

NOTE: Totally unprofessional behaviour and his unprofessional behaviour didn't reflect well on the company.
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So in my opinion Andrew Bell didn't give the RGM share price the greatest chance of improving: it didn't because the RGM share price fell the next day. Then over subsequent days Andrew Bell did many RGM promotional interviews and the RGM share price fell further. So like Bambos just pointed out RGM will be doing a sharetalk presentation next Wednesday and so if Bell is the one who is presenting then in my opinion that doesn't bode well for this share price.

Around the 2nd August and 4th September RGM coal RNSes present RGM chairman Andrew Bell must've done around 10 interviews, no doubt his intention for these interviews was to promote RGM and to get the RGM share price moving upwards: he failed dismally because the RGM share price has since collapsed.

So what is the point of keeping this ineffective RGM chairman? I can see no point. What use is Bell to RGM shareholders? To me he is of no use.

I know some have sla**ed off big RGM shareholders Johns*n and Pearc* over the years but i'm concluding that they might be the most charitable kind hearted duo on AIM. Because they've no doubt got the influence and firepower to get rid of this ineffective chairman but instead they choose to let this ineffective chairman undeservedly rake in his wages at RGM and they know this isn't good for their personal wealth because the RGM share price continues to fall. It absolutely boggles my mind that they are more loyal to this chairman than they are to their personal wealth. It truly amazes me.

file:///C:/Users/recap/Downloads/andrew%20bell%20drac.jpg

when Bell said in his August interview with Andrew Scott that he would soon be giving a "profit forecast" on the new coal jv with Legacy hill, then with a more trusted CEO the RGM share price could have possibly have flown. Alas not many PIs trust Bell and when he says "profit forecast" most PIs know that could mean "loss forecast"

You do wonder what due diligence Bell did in regards to this latest coal jv with Legacy hill? https://twitter.com/Boardo65/status/1028928533974999040 If Bell only relied on Legacy hill's advice (before handing over $2 million) that this would be a good coal investment then i don't think that would be good due diligence. Surely Bell being wary of Legacy hill's expertise and instead seeking out independent advice on whether it looked like a good coal investment (before handing over $2 million) would have been far better due diligence?

No matter what the due diligence we can clearly see the confidence seems to have evaporated because very few buys now at RGM . Earlier in the month big shareholder Stephen Pearce announce he was "thrilled" with the coal deal, but since then Stephen, PJ and the rest of the posse have now gone silent: to me that could mean (a) they are no longer confident (b) they are going to be involved in a near term RGM placing.

https://www.wsls.com/weather/florence-to-bring-heavy-rainfall-to-southwest-virginia

Look in the above link and you'll see Wytheville: RGM/ Legacy hill's Cedar Bluff coal operation is around 60 miles to the left of Wytheville. So you would think for safety reasons RGM/LH Cedar Bluff coal operation will be downing tools and doing nothing for the next couple of days until the Hurricane has passed.

I'm not criticising: obviously that's sensible. I guess they could catch up by doing more shifts later in the week.

"Regarding the poster formerly known as Cityfan (or Vini). I know he was posting on the LION and PREM thread and glancing through the new posters i would say looking through this posters posts (from Monday and before) http://www.lse.co.uk/member-info.asp?page=1&nick=Covert and i would say i'm 99.9% sure Vini is now the poster "COVERT"
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Vini i knew you would return back to this thread one day. You are so easy to spot. :)

Bell tweets : "As it wd be little short of lunacy to ask for a public profit forecast at this stage, and to give one wd be lunacy itself"

So when Bell said in 7th August interview: "In a few weeks we'll have a model so well constructed and such a good idea of what we are doing that we are going to be making profit forecast"

So we can conclude that Bell was a lunatic on the 7th August when he said that?

interview with Andrew Scott. Andrew Bell says

"In a few weeks we'll have a model so well constructed and such a good idea of what we are doing that we are going to be making profit forecast"

https://www.youtube.com/watch?v=g_j5YDLCWXE He says from 7 minutes 45 seconds
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https://twitter.com/andrew_neal7/status/1038052160867581953

Tonight on twitter a fuming Andrew Bell says: "Who the hell would make a profit forecast public after 1 month of ownership and ops?"

Matt responds: "Clearly not #RGM. You'd think the sp would rise on such an rns but the lack of clarity on profit is the reason it fell. When should we expect it?"

Andrew Bell responds: "As it wd be little short of lunacy to ask for a public profit forecast at this stage, and to give one wd be lunacy itself, I'm sure this had nothing to do with it. People shd stop reading BBs!"
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I can help sort this dispute. Matt didn't read the profit forecast on a BB. He watched you say you'd give a "profit forecast" in "a few weeks" in your 7th August interview.

13.45 post should have said "assistance" not "assistants"

"He also hinted migori might be wrapped up this month"

Maestro the RRR 15th June rns says

"Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation ("Kansai") of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018 ("2018 Agreement"). The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a $50,000 payment, leaving Red Rock with a 100% interest. In the event of a renewal or reissue of licenses covering the Assets the Company will within three months make further payments, subject to such renewal or resissue not being on unduly onerous terms, as follows: (1) $2.5m payable in cash, (2) a $1m promissory note payable 15 months after issue, and (3) £500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue"
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Plus the Red Rock enthusiasts also want the Congo deal to conclude. If it concludes the RRR 30th Aug rns says:

"Cash payment of $700,000 (unchanged) upon BRO providing proof of it Rights over the VUP Project ("Rights").

£490,000 payable in Red Rock shares ("Shares") at 0.7 pence a share (revised from 0.65 pence), with attached 1-for-1 (revised from 5-for-3) three year warrants to subscribe for new Shares at 1p ("Warrants")"
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Plus in the latest Bell interview he hinted that RRR may be giving more financial assistants to Steelmin. I notice some of the RRR enthusiasts thought that was a good idea.
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Lastly RRR took out a £1 million convertible loan note last year. RNS says "Conversion may take place at any time up to the final redemption date of 19 December 2018"

So if they aren't converted by 19th December then RRR will owe the loan note holders £1 million + 10% interest
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I know many RRR enthusiasts think RRR have lashings of money. How much money they still have i don't know but you can certainly see how any excess money can quickly be spent.

Talking of tripe this is an extract from todays RRR newsletter. Andrew Bell says:

"Sometimes it may be that these companies benefit by not being held back by the prosaic dullness of balance sheets or earnings, so that, undistracted by the light of common day, we may better hear the trumpets from the steep as they blaze, trailing clouds of glory, across the sky"

"Today is the 4th Sept. Why put out an RNS today about what you EXPECT to happen in 3 weeks time? Why not just wait for 3 weeks and then provide an RNS with the actual revenue that was achieved? "
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Yes i agree MrMagic if they waited until the beginning of next month RGM could give shareholders 2 full months of actual coal revenue with actual profits (if profits exist). So it is somewhat bemusing (and suspicious) why they are skipping the actuals and instead giving forecasts.

common ground and agree that it's not looking too good here at RGM

Three points i'm sure we can agree

(1) CURZON ENERGY INVESTMENT: At the end of todays proactiveinvestor interview i'm sure we both groaned when Andrew Bell said "A lot will ride on the next deal done by Curzon". Of course we both groaned because we both thought that Curzon's Oregon coal methane asset was the only project Curzon needed to make them into a very profitable company. It seems that is now not the case and Curzon are instead going to be like many other AIM companies and flitting from one project to another. So of course that's disappointing.

(2) MAMBARE: Again i'm sure we are both tremendously disappointed that the $15,000 ton Nickel prices of June 2018 have now fallen to $12,400 a ton.

(3) Todays coal RNS: Of course it goes without saying that we jointly got disappointed when today we didn't get an RNS with a coal profit forecast that Andrew Bell had promised us. Also because Mining equity trust (or MET) took over coal production on August 2nd i'm sure we were both expecting detailed precise coal figures for August. But that didn't happen. So doubly disappointing.

(1) Andrew Bell says: "We are also a set of projects, of concepts: for ‘a man’s reach should exceed his grasp, or what’s a heaven for?"

(2) Andrew Bell says: "Sometimes it may be that these companies benefit by not being held back by the prosaic dullness of balance sheets or earnings, so that, undistracted by the light of common day, we may better hear the trumpets from the steep as they blaze, trailing clouds of glory, across the sky"
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Well thanks Andrew you made that nice and clear for shareholders.

If you click on the links you can see a photo of Bell in both proactive interviews.

Today proactiveinvestors released the Andrew Bell RGM interview at 8.08am. Yesterday they released the Andrew Bell RRR interview at 9.41am.

Like i said you can see Bell was wearing the same clothes in both interviews and so proactiveinvestors must've been given details about today's RGM rns yesterday morning. Which to me is pretty disturbing.

http://www.proactiveinvestors.co.uk/companies/stocktube/10318/regency-mines-forecasts-30mln-revenue-for-its-us-coal-project-by-next-june-10318.html

http://www.proactiveinvestors.co.uk/companies/stocktube/10310/red-rock-resources-focused-on-production-as-it-advances-portfolio-of-assets-10310.html

We all knew the Mining equity trust website last month said "For the year ended 31 December 2017, Omega sold 749,000 tons of coal, generating revenues of $34m. Omega employs approximately 70 employees with strong mining experience, competencies and customer insights"

Then in last months proactiveinvestors interview Bell said he would be giving a coal profit forecast but todays RNS he clearly didn't and so none of us know if this coal operation is making any profits.
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Yesterday proactiveinvestors released an RRR interview with Andrew Bell. This morning proativeinvestors also released an Andrew Bell RGM interview (with Andrew Scott) and they are talking about this morning RGM rns.

Rather disturbingly they look like the same interview because Bell is wearing the same clothes in both interviews. I say disturbingly because that would mean proactiveinvestors and Scott yesterday would've been given all the details about this mornings RGM rns. Should a company be disclosing rns information to an interviewer before that rns has been released to PI's? My opinion no they shouldn't.

I note a couple of big buys at RGM yesterday afternoon. So of course suspicious minds would say somebody was tipped off that an rns would soon be released by RGM.

Robins says: "Zumore you are spot on. While this band of gits are in charge there is no likely hood of things progressing."

Answer: I think the major problem is that after all these years in charge Bell has an huge number of disgruntled shareholders/ex shareholders like you and me Robins, so i'm suspecting he doesn't have too many Pis who would be willing to invest in his companies these days. Though i guess that is the pitfall of sticking with a CEO who's been in charge longer than many of the worlds dictators because the pool of investors for them gets smaller and smaller. So because of that i think this share price would greatly improve if Bell and Kaintz were removed.

Only my opinion though. I'm sure others think differently.