Member Info for zumore

If the share price remains around this price and doesn't slump further then my guess for the next Red Rock placing price would be a placing share price of around 0.03p

When Red Rock have previously done placings arranged by broker Clear Market Capital Limited, the discounted placings have been brutal.

For example when Red Rock did this £500,000 placing last December https://www.lse.co.uk/rns/RRR/issue-of-equity-total-voting-rights-aynt6izrxbxnabb.html I recall the Red Rock share price hadn't been below 0.1025p yet the placing price was 0.075p.

So the placing price was done at around a 30% discount.

Regarding the Auntie Ettie poster, I have always been convinced it isn't Bell.

I remember some years ago an adv*n poster looked through Auntie Ettie's early posts and Ettie's writing style was pretty normal. When this was highlighted Ettie quickly removed those "normal" early posts. So now all that remains are his/hers pompous posts.

Though as we all know the real Bell does occasionally post on this forum: https://www.lse.co.uk/profiles/andrewrbell/

If you look at the RRR share price when he posted you can see the utter share price destruction between his posts.

Red Rock gave Power Metals £250,000 in convertible loan notes around 13th June 2024.

Those convertible loan notes are only for 6 months. So if Power Metals don't convert them into Red Rock shares within 6 months Red Rock will need to find money to pay Power metals in cash.

The Power Metals March RNS said:

"Upon Completion, £250,000 in convertible loan notes ("CLNs") with a conversion price equal to the price of any placement of new ordinary shares of RRR raising proceeds of over £200,000. Should conversion not be undertaken within 6 months of the HoT date, the CLNs of £250,000 are repayable immediately as cash"

It looks truly truly awful here.

I know many on here don't rate Andrew Bell but I always think I rate him the lowest because in my opinion he is utterly useless.

I can't say I follow his AIM companies but I see the AIM chairman who does the Stockbox interviews, Professor Conway is 91 years of age. I'm sure if Andrews health holds out he would look to carry on here when he is a similar age.

So Andrew could still be at Red Rock in another 22 years.

News, finding Dukey's posts was incredibly easy.

I recall Dukey giving you a Royal Ascot winning tip for the horse Kyprios. I searched and Kyprios won on the 20th June. So I simply went to Dukey's post around that date and quickly found them.

Instead of thanking me and gifting me with ECR info I would have preferred a gift from you with you apologizing to Dukey.

News, I thought I'd help you out.

On 19th June Dukey said:

"News, for once helpful can back me up to a certain extent ! I offered helpful to meet for a pint cos I had a horse racing awards ceremony which I thought was close to him ! As it was it was still a bit of a trek for him, but I’ve grown up horse racing so at 14 pester piggot was already well known to me"

On same day he also posted:

"I’m 43 and I remember lester pigott well ! Legend in racing ! History is a good thing to study' 😘

News, the poster Seingred may be new to you but in the past he was a regular on this thread.

So scrap that post telling Seingred how wonderful AB is. 😁

Remember a few months ago when Andrew tweeted this?

https://x.com/ABell2019/status/1776317419478220931

He was bragging that he chose to do business in Burkina Faso despite the country being a dangerous, corrupt, near total no go zone. In his tweet afterwards he also says that's how he chose DRC and the Ivory coast.

So to posters like "helpful". Please no sob story if it all goes wrong. It wouldn't be unlucky.

I'm not giving out a twitter link (too gruesome to link) but in the past few days around 300 people have been brutally killed in a terriost attack in Burkina Faso.

Utter stupidity by Red Rock Chairman Andrew Bell deciding to do business in that country when it's been a dangerous no travel zone for years.

News, please stop putting $430 million. That figure is untrue.

😂😂😂

https://x.com/RRR_RedRock/status/1594777322275672066

Specinvestor, I can't see a reason why AB would tweet this:

https://x.com/ABell2019/status/1826613099111350619

So maybe Botswana is the next country. 😟

This share price was actually over 12 times larger at 0.625p two years ago on 23rd August 2022.

Yet one moron will tell you Red Rock are in a good place.

Ajaye today you said:

"I think it is often missed that anyone buying shares is trying to get a profit and the money you pay does NOT go to the Company - it gives you the right to moan but does not help drive the company forward in anyway!"

27th July 2022 you said:

"Ironically - Could also be viewed that normal shareholders (other than IPO shareholders) actually contribute nothing to the company by way of funding or helping the company to grow?"

...

Ajaye are you serious? 😂. Normal muggy shareholders are the reason dog companies like Red Rock list on the stock exchange. Normal muggy shareholders creating liquidity are the reason Red Rock are able to get loans.

If Red Rock want to delist and go private then you would see them quickly die.

So you may be dismissive and believe that the normal muggy shareholder contributes nothing to the growth of a company... but they are EVERYTHING.

Without them NOBODY is lending Red Rock money.

Yes Banbury, like you I thought there might be a correction RNS to include the RRAL details. Though looking on the RRR twitter account they seem happy with the RNS because they've given a link to it. So very confusing. 🥴

.......

For everybody this is an extract from the (March 2024) Power Metals RRAL proposed sale RNS:

"RRR has committed that no significant exploration interests of, or controlling interest in, NBGC/RRAL may be transferred out, or disposed of, or agreed to be so transferred or disposed by NBGC/RRAL, to another party without an opportunity being given to POW to match the terms offered by such other party; and

- Should RRR dispose in whole or part of any of the Interests within 12 months of the HoT, 15% of disposal proceeds after agreed costs will be payable to POW, or 5% in months 13-24 (the "Disposal Premium"). (Note: any amount payable under the Disposal Premium is capped such that the total aggregate Consideration for the Transaction shall not exceed 74.9% of Power Metal's market capitalisation as at the date of the Agreement, using the mid-market closing price of Power Metal ordinary shares on the trading day immediately prior to the date of the HoT).

- POW retains certain buyback rights in respect of its 49.9% holding in the event of a payment default by RRR exceeding 60 days from due date, save as caused by force majeure.

- POW holds a separate convertible loan note which together with interest and charges amounts to £94,400 of which £50,000 is payable in cash upon Completion and the remaining £44,400 is payable in cash two months after Completion, as part of the HoT."

Is this an incomplete RNS? They've put zero details in the RNS in regards to the supposed RRAL offer.

From Mr Magic's (or "torp" on advfn) well researched posts you can certainly see why "helpful" didn't appreciate him.

In fact just like "helpful" does today with many of you, if you get in his way he will give you a silly nickname in an attempt to make you look silly (MrMagic he called "tragic") and then he constantly ridicules you by calling you a variant of unknowledgeable or mental.

Don't believe for a moment it is "banter" with you. He does those things because he wants people to totally dismiss what you are saying.

Here is TORP (or Mr Magic's) 2nd to last post on ADVF* on 20 July 2021. 😂

Bell still runs the company the same. 🤒

"I see the same old shysters are still trying to pump this utter POS unscrupulously, desperate to lure in the gullible to boost their positions. It has been and will always be imho a total sucker share.

It simply moves from placing to placing to placing whilst Bell fritters away untold £millions on Admin and expenses. Hence there will rarely be shareholder value delivered imho.

Yearly Amounts Spent On Admin

2012 - £2,275,786

2013 - £4,751,948

2014 - £1,563,808

2015 - £1,334,404

2016 - £758,351

2017 - £644,688

2018 - £849,518

2019 - £591,777

2020 - £597,000

That's where much of the money disappears to. All it needs is gullible people to keep buying the "jam tomorrow" stories. I'm so glad I am no longer one of those gullible saps.

As well as placings the company just goes from one failed project to the next:

Greenland Project - spent millions and eventually sold it off for just £1

Shoats Creek Oil - Project failed and was written off

Steelmin Project - Went bust just after Bell loaned them another £1.1m

etc etc etc

Worse still the company began to engage in various loans and transactions which they failed to RNS to shareholders/markets.

RRR conducted loans and transactions with Amulet Diamonds that were not RNS'd. Shareholders discovered 5 months later in a small paragraph in the Annual Report Bell loaned a further £1.1m to the failing Steelmin project which he didn't RNS. Simply appalling.

Steelmin ceased operations in Sept 2018, RRR did not RNS this

Steelmin went into Administration Feb 2019. RRR didn't RNS this event despite RRR having a 22% stake in the business.

Frankly anyone who puts their cash into such a POS thoroughly deserves to lose their money. If loans and key events are not going to be RNS'd then I'd consider

that I was investing blind. There are surely better AIM companies to go at without such ridiculous problems.

DYOR"

Who knows if Mr Magic is still around or not.

Even though he last posted on lse in April 2021 he also use to post under the username "TORP" on the other forum.

He had stopped posting there in July 2021. Then early last year people were talking that he must have passed, then from nowhere under his advf* username TORP he made another post on 13 April 2023:

"Good god surely this POS isn't still going ???!

How many more millions have been sucked away in Admin since I last looked in I wonder.

Noirua still here trying to lure people in I see. And still trying the El Limon royalties angle I see, shame on you.

Plug the share, drop a placing, expend lots on admin, rinse, repeat.

It never changes"

.....

He may well have been unwell and made one final post. Though i'd like to think he just got bored and that's why he no longer posts. 🙂

Hawaii, what is his reasoning?

Please don't tell me the DRC? because what Bell said in the Stockbox interview gave no indication that any payment award was near.