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Maidit.
Nobody forced Andrew Bell to do a big discounted placing. He LIKES doing placings.
I recall years ago his pal Winnifrith was attacking another company and Andrew Bell made a post on shxreprophets and he called people who defended companies on share forums as "useful idiots"
So Bell thinks you are, he definately thinks "Helpful" is, he thinks "news" is.
Hawaiifive0 is one of Andrew Bell's biggest "useful idiots" because he tells people the share price is falling because of shorters. Not useless Bell!
Bell must love that. He use to criticize Bell but now he's just behind "Helpful" as Andrew Bell's most loyal defenders/excuse makers.
This reminds me of one of those TV shows like "undercover boss" when they find out how people treat them before they discover who they are.
I'm sure i've always been nice to Ajaye. 😇 On the otherhand i recall "Helpful" being clever rude to him, then of course "Maidit" today.
They will probably start being nice to him now. I would say "Stick it!" 👺
Throughout the years Andrew Bell has often picked assets in countries that are dangerous or riddled with corruption and you often think "why on earth did you go into that country? Something is bound to go wrong".
Then the other day he tweeted about Burkino Faso. Saying that other companies wouldn't go there. Also proudly showing off a map showing that the country is a total no go zone:
https://twitter.com/ABell2019/status/1776317419478220931
His follow up tweet says "Ivory coast, DRC too".
From that tweet i presume he's saying that most UK companies wouldn't go there either.
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So if you often wondered why he gets assets in corrupt or dangerous countries, now you know: HE IGNORES THE FACTS!
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So if something inevitably goes wrong in Burkino Faso (which it will!) please don't say "poor Andrew!" "RRR are being mistreated" "nobody could have forseen that happening". Of course you can forsee something going wrong because he ignores the facts.
Andrew Bell in my opinion is an utterly useless Chairman. He is totally incompetent. How on earth after all these years does such a hopeless waste of space still remain in his job at Red Rock?
Banbury to follow on from your post, this is the far fetched garbage "Helpful" (or Lundy) posted on this thread in October about the Chinese meeting. Bear in mind mining majors wouldn't be capable of these huge numbers let alone a tiny company like ALR that had done no drilling or had no equipment.
He just says anything to try to sucker people in.
"Helpful's" post from he 12 Oct:
"Note meeting the Chinese in Dubai is after they have had the meetings in Zim and finalised their plans. Also note he refers to partners and taskforce RRR, sounds like a lot people involved. Could it be that they have partners for each stage?
Could it be that you are wrong about ALR? Why would Chinese buyers want to meet up about ALR if as you say there is nothing there. Presumably the Chinese buyers wouldn't be interested in meeting up to talk about a few thousand tonnes of spodumene. How much supply would ALR have to indicate to get the meeting in Dubai? 1mil tonnes or more? 5mil tonnes or more?"
Yes just another "reach rns". For those that are unaware a "reach rns" is an rns that doesn't contain any price sensitive information. So they are released just to try to promote the company.
From todays promotional rns:
"Our understanding has not changed, and as we believe that there is now a consensus in relation to our position, we expect this to now be resolved"
"EXPECT" is more a word of hope than anything
"irrespective of any third party matters, within a short timeframe."
So i assume that means third party interference. So not good.
" Recent intensive and direct discussions with the former JV partners mean that we may be able to approach the arbitrator with an agreed position."
And of course nothing certain about the words "we may". It could easily be "we may not".
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To add to the above. In yesterdays interview Bell said:
Bell interview regarding money:
"The state mining company Gecamine, represented through its legal councel, stood up at the first meeting of the arbitration and undertook on behalf of Gecamine, that they would pay and pay promptly in accordance with the arbitration"
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Like i said yesterday i was astonished that since the arbitration in the summer of 2022 Red Rock have not met Gecamines to seek reassurances the money being paid. How can somebody have any confidence about receiving money from somebody if they haven't had any contact with them for almost two years?
I'm in agreement with others with yesterdays unexpected interview i'm expecting a big fundraise very soon.
News i hope you don't mind but i think i might put you back on filter. 😕
I've had you off filter for a few days and you've absolutely exhausted me. 😔
I think i recall somebody saying you are well over 80 years of age. I must admit the stamina in your fingers at your age is amazing!
Another thing. They say reading too much text at once can cause baggy eyes. So you are atrocious for the Red Rock thread readers looks. 🥲
So i have no alternative. You are now back on filter. 🤠
Sorry spelling errors. So i'll post again.
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Ok good luck! Pile in further.
I'm amazed in all these DRC meetings in subsequent years since the arbitration that Red Rock or its representitives seemed to have had no meetings with Gecamines. Instead Bell's confidence on receiving prompt payment is based on something Gecamines Legal councel said at the arbitration a few years before.
Ok good luck! Pile in further.
I'm amazed in all these DRC meetings in subsequent years since the arbitration that Red Rock or its reprentitives seemed to have had no meetings with Gecamines. Instead Bell's confidence on receiving prompt payment is based on something Gecamines Legal councel said at the arbitration a few years before.
Bell interview regarding money:
"The state mining company Gecamine, represented through its legal councel, stood up at the first meeting of the arbitration and undertook on behalf of Gecamine, that they would pay and pay promptly in accordance with the arbitration"
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Do we believe Gecamines? Bear in mind that arbitation was way back in the summer of 2022.
Google about Gecamines and they have an atrocious reputation. Also bear in mind VUP had begun to bring legal proceedings against Gecamines because they hadn't received the same promised $15 million.
I'm certainly not as confident as Bell.
You are a shocker Helpful!
Apart from being a c*nm*n you are always trying to exonerate by shifting any blame from dodgy Bell.
Bell seems very sloppy when it comes to partner contracts.
Even in the DRC they originally agreed to set up a specially formed company (VUP musonoi mining SA) so they could put all their joint venture assets into it but VUP backed out of it:
From 2023 Annual accounts.
"On 28 February 2019, Vumilia Pendeza S.A. ("VUP") and Bring Minerals S.A.U. ("B.Min"), and Red Rock Resources Congo S.A.U. ("RRRC"), signed a “Joint Venture Agreement” and B.Min and RRRC signed the "Statutes of VUP Musonoi Mining SA" ("VMM S.A."), the joint venture company (incorporated in the Democratic Republic of Congo) through which the JV Project was to be pursued.
The Statutes were then taken by the lawyer to procure the signature of the correct officer of VUP.
RRRC owns 50.1% of the Joint Venture and was to own 50.1% of VUP Musonio mining SA. The Company sent the registration costs of VUP Musonio Mining SA twice, but the lawyer failed to register the company.
The governing document of the joint venture therefore remains an unincorporated joint venture under the Joint Venture Agreement"
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Although no proof on my behalf i suspect because VUP backed out of putting the assets into a specially formed JV company that this gave them extra confidence that they owned the Musonoi license, especially so if Red Rock's name wasn't even on the Musonio license.
Like i said that is only an hunch by me. I do not need 10 posts from "News" questioning my post.
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In Red Rock's JV partnership with Sam Mahendran in Burkino Faso, Zimbabwe, Ivory coast. Andrew Bell says nothing is written down on the partnership, it is just a gentlemen's agreement built on trust. So Red Rock's name (and not Sam's name) will be on all the licences. So if that's how Bell does things now then that is probably how he has done things previously.
If i am correct about the Musonio licence and Red Rock's name not being on the license, then you can see how easy it was for VUP to surrender the JV licences without Red Rock's consent.
Banbury, i think Oilplayer started the short selling conspiracies last year. Red Rock thanked him.
https://twitter.com/Oilplayer2009/status/1726626213714858442
Of course Bell could later repeat this because it gave him an excuse for the poor share RRR price.
News you responded to me the other day regarding the supposed $430 million sale.
I looked at that brokers note and it says: "Red Rock understands that they were sold on to
an international mining group for $430m"
In other words "Andrew Bell understands". Now Andrew can understand as much as he likes but it doesn't mean it's true.
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This years RRR half yearly says:
"in December 2019 our 50.1% owned joint venture assets in the Democratic Republic of Congo were signed away behind our backs for $20 million to an initial buyer and then immediately sold on for several hundred million dollars to a further party"
In an earlier RRR rns it said VUP had voluntarily surrended a number of JV licences with DRC government owned Gecamines. In return for this amicable termination Gecamines would eventually compensate VUP with $20 million.
To match up with the half yearly VUP signed away the licences 4 December 2019.
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Now Bell says once Gecamines had acquired the licences they immediately sold them on to a Glencore subsidiary.
From my reading government owned Gecamines legally acquired the licences. Once they outright owned the licences they then sold them on to a Glencore subsidiary.
Yes Andrew Bell can have conspiracies but what did the Glencore subsidiary do wrong? Afterall they bought the licences from a government owned company.
Now from matching the December 2019 dates this is highly likely to be the Glencore RNS that outlines the sale of the Gecamine licences from Gecamines to the Glencore subsidiary.
https://www.lse.co.uk/rns/GLEN/katanga-announces-agreement-to-acquire-land-rights-fv11cerfyb01a1p.html
I'm quite sure before the eventual deal went through the Glencore legal team made sure that Gecamines legally owned all the licences.
So in my opinion this $400 million compensation talk is a nonense.
Here's a couple of tweets from Oilplayer2009 who goes by the name of Hawaiifive0 on this forum.
On 28th March he was calling Red Rock management "fantasists" and calling for Red Rock board of directors change. He tweeted:
"They were supposed to be selling/monetising projects - instead what do they do ACQUIRE more (re New Ballarat Gold) - how on earth can this be justified with a barren treasury - £250k blown in Zim on Lithium now stored in a warehouse - fantasist management - #RRR needs BOD change"
https://twitter.com/Oilplayer2009/status/1773261182826151960
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In 2022 Oliplayer2009 did another post highlighting the utter share price destruction under RRR chairman Andrew Bell.
https://twitter.com/Oilplayer2009/status/1600884228085932032
He said a £1000 RRR investment in 2006 would be worth just £14 in 2022. In 2022 the share price shown was 0.37p. So according to his calcs £1000 invested in 2006 would be worth around £2 today.
Also he highlights that since 2006 RRR had spent £10 million on Board of Directors salaries and listing fees. Also says from 2006-2022 Andrew Bell of Red Rock had raised £25 million.
Of course even more fundraises since then.
Let's be honest Andrew Bell is a money grabbing chancer who is milking this for all it's worth. He offers nothing to shareholders except misery. I'm sure he has no retirement plans and will milk this for everything it's worth until he is a very elderly man.
Can you imagine with all his share price destruction over the years if he dared to take somebody to court in 2024? 🥴 It would be preposterous and i'm sure a few journalists would be more than happy to tell the story of Andrew Bell and the share price destruction under his RRR reign.
They might even use your tweet Oilplayer/Hawaii to hightlight the utter share price destruction under RRR chairman Andrew Bell.
I noticed "News" the other day on this thread replying to Hawaiifive0. "News" is telling Hawaii about twitter user Oilplayer2009 who had done a post showing companies that had collapsed in price these past two years.
What's funny is that Hawaiifive0 is Oilplayer2009. I realised it was him years ago.
I mean look at a more recent twitter post. Is anybody going to tell me that is not him?
https://twitter.com/Oilplayer2009/status/1762447137206342142