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Poster "news" says:
"So, I was right to say that FELIX or the para state miner would be aware that the RE-SALE OF MUSONI [RRR 50.1%] SOLD FOR US$430M"
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That's untrue it wasn't resold for $430 million.
Where did you get that lie from?
Chairman Andrew Bell in todays Red Rock rns:
'We are grateful for the continued support of our shareholders 🤣🤪😂 and lenders❤️🥰❤️😍❤️.
Andrew Bell
Chairman
27 March 2024"
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I don't believe i've ever seen him signing off an rns thanking his lenders.
Looking at "news" 11.19 post and his reposting of Bell tweets. Bell also tweeted: "I did not spend a week there for nothing"
So definately from that reponse you can see he's back home.
At least he's consistent: failure yet again.
With non trading days in the UK on both Friday and Monday that would mean Bell would be holidaying on those days.
So do we really believe Bell will be staying in the Congo during the long easter break?
I didn't realise both tomorrow (29 March) and Monday (1 April) are non trading days.
I was clearly wr... about RRR having to release the Half yearly RNS by the end of March. I thought the virus rules were you were allowed to release Half yearly results a month later would now be now over.
https://m.youtube.com/watch?v=CvdY3HfepOo&pp=ygUTZm9uemllIGkgd2FzIHdyb25nIA%3D%3D
Https://www.lse.co.uk/rns/RRR/asset-review-and-interims-update-25p4idovjx47lf7.html
News, this is an extract from the 24 March 2022 Red Rock RNS which talks about the extra month that was allowed during the virus:
"Interim Results
The Company also announces that further to the guidance published by the London Stock Exchange in respect of the temporary measures for the publication of half-yearly reports for AIM companies pursuant to AIM Rule 18 of the AIM Rules for Companies, Red Rock intends to utilise the additional one month period to prepare and notify shareholders of the Company's interim results for the six months ended 31 December 2022 (the "Interim Results") and will release its Interim Results in the second half of April 2022."
News, i thought you had gone for good so i unfiltered you. In regards to your date query, during the virus years i recall companies had an extra month to release their year/half year results. However now that has passed we are back to normal. So because Red Rock's half year is 31st December that means they have 3 months to release their half year results. So they will be released by at the latest Friday. If not they will get suspended until they are released.
Red Rock half yearly results must be released by 31 March. However that's a Sunday so that means it will instead be released by Friday 29 March. So if no direct DRC rns in the coming days then maybe he'll give a very brief update in the half yearly.
Interestingly Bell mostly used his personal twitter to pump his DRC trip. Could it be that he decided to post on his personal twitter so he could quickly bury those DRC tweets amongst his rubbish tweets?
Of course on Red Rock twitter there is little mention that the trip ever happened: https://twitter.com/RRR_RedRock/with_replies
Maidit says: "AB could do with all the encouragement and luck that he can get in these delicate times, in a country that is corrupted beyond belief''
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You are correct the DRC does have a well known reputation for being corrupted beyond belief. Yet Andrew Bell ignored this fact and invested in the country anyway.
So when he ignored the facts and invested. Surely RRR shareholders would then say "well it is your choice and if any corruption does occur with our assets then you must take the blame".
Yet apparently it is poor old Andrew. He sidesteps blame yet again. Even though it was his lousy judgement that made him ignore the facts and invest in a corrupt country.
Specinvestor, coincidentally enough i was going to post that the pumpers on this thread are great at ultimately damaging this share price because they build up huge expectation and it can only cause disappointment if for example the DRC money doesn't instantly come. So if the money doesn't arrive next week and that impacts this share price then the less positive posters will get the blame from the pumpers even though the less positive one's didn't hype the money arriving.
Also special mention for poster "Helpful". Any future drill campaign here will always get ruined by Helpful because he will give out such fantastical high numbers that can only lead to disappointment. Drill campaigns often lead to share price rises with the anticipation of the results. But with his over the top pumping posts he will ruin it for shareholders. So he is quite thick with his promotion approach if he thinks he does good.
In the interview i'm not hearing what others are hearing. In the interview Bell said "hope". On first listen i didn't instantly think "oh he'll get the money this time for sure".
Bell said:
"Now i'm on my way to Congo and i hope we're going to be sorting things out there in the next few days."
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This may not please some. But even if RRR and VUP decide they'd like to share the $15 million i personally don't think Gecamines will pay them. Google Gecamines embezzlement, Gecamines ripping up contracts. They look a crooked state owned company. I'm sure they would rather keep any $15 million for themselves.
Banbury, yes you are most likely correct that we won't see any loan disclosure in the forthcoming half yearly.
Slight boot in Bell. This company is a directionless mess. Whereever you look money is needed. He flits from one project to the next, never getting anywhere. This company is a shambles.
Bell in 27 Feb rns:
"Both parties will be making contributions, and our further potential commitment in this phase is limited to £150,000 to £200,000.
We consider that our current resources and FACILITIES, and indications of support we have received, will enable us to meet this spend."
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Well if Red Rock do have a credit facility that they have yet to RNS about. Then along with todays announcement that could lead to a brutal death spiral.
That is another reason why any DRC money is needed quickly. Me personally i'm not very hopeful over DRC money.
I believe during the virus RRR had an extra month to release its half yearly report but now that has passed the "Half yearly report" needs to be released by 31 March. So when that is released in the next two weeks or so it will be interesting if any non RNSed credit facility is mentioned in that.