Member Info for zumore

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''

..

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.

Remember in June 2022 he was out in the DRC for 8 weeks but returned with nothing.

So still there doesn't mean he's getting anywhere.

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."

....

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."

...

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.

You do make up rubbish Helpful!

Even though you say you had never heard of RRR in 2011/12 and even though Mr Magic's and every other LSE members posts no longer exist from those years. You all of a sudden have a complete detailed Mr Magic backstory. Just like the lies you made up about me telling others that back in the day i was an huge Bell fanboy.

I see lots of green writing showing so filtered "news" must be posting. I recall him saying he likes getting fact based evidence. Well i hope his fact based evidence is not from you "Helpful" because if he is repeating the nonsense you are writing then he is spreading nothing but lies.

And here is a May 2021 post from Torp (or Mr Magic) that he posted over on the ĄDVFN thread:

"From 2012 to 2019 RRR raised over £16m via confetti issues and dilution and the like

In the same period RRR spent over £12m on Admin and Expenses

That's pretty much all anyone needs to know imho.

There will never imho be any shareholder value because of that situation.

Nominal share price was lowered from 0.1p to 0.01p so that dilution could continue

Shares were subsequently consolidated

This is for me, a total sucker share

DYOR"

No Dukey i didn't say that about Mr Magic.

On ĄDVFN Mr Magic posted under the username "TORP". Over on that thread poster Noirua had said he had suspected Torp had passed away. I guess he thought that because he hadn't posted for around 2 years.

However last year 13 April 2023 who should pop up again and post. Yes Torp! 🙂

He posted:

"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"

..

So i would like to think that Mr Magic/Torp is perfectly ok. And he weaned himself away from Red Rock and he now feels no need to post. 🙂

Specinvestor like Banbury i too have "News" filtered. I do not want to be reading his posts. If i did.. because of the length of his posts it would probably be equivalent to reading 5 books a week. 😴

Regarding the Royal family:

(1) I cannot say i've heard people calling them the "Premier family". If Premier is "top" then i would find it weird if a persons own family wasn't their top family.

(2) In my lifetime all the Royal family has got criticism. So criticizing them is not off limits.

(3) I would know what was meant if somebody said "Blighty". Although i'm not keen on slang so i wouldn't use it myself. If "News" uses it then he must be more common than me.

To follow up on Talkino's post. This is a repeat of my post from 24th January when the word "expect" was also mentioned:

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From todays 24 January RNS:

" Further news on the Company's arbitration award EXPECTED following the conclusion of elections in DRC"

As sneaky Helpful said the other month you should always be careful when EXPECT is used by him in a post or for that matter when a company like RRR use it in an RNS.

8th July 2023 Helpful posts:

"PS I fully expect Glencore will be paying us some serious readdies fairly soon"

.......

10th July 2023 Helpful posts:

"You lot need to learn to read.

I never said that Glencore would hand over readdies"

.........

10th July Helpful responds:

"EXPECT

https://dictionary.cambridge.org/dictionary/english/expect

https://dictionary.cambridge.org/dictionary/english/will

Expect is probabilistic. As I said, people need to learn to read.

DYOR"

Specinvestor says on the changing Zimbabwe Lithium regulations:

"TheeDuke the change happened about 1 year before. Also remember government changes in regulation never happen in vacuum. Proposed changes are announced, debated, changed, etc.

Making excuses just look bad"

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Correct Specinvestor, you can see in Dec 2022 that the Lithium regulations were getting stricter:

https://miningzimbabwe.com/?s=lithium+ore

As time went on they got even stricter.

So it is laughable when Bell and Lundy make out that ALR/RRR were caught totally off guard by the Lithium rule changes because as you say the ever stricter Zimbabwe Lithium rules would have been debated and the Zimbabwean mining community would have been aware that the stricter Lithium rules were coming.

The regulations got even stricter by April/May 2023. Though Lundy was still posting about the huge money that would be quickly made at Tin hill even in July last year.

Then i recall him doing a sudden shift in his posting style and he shifted focus from quick production and started posting that ALR was worth lots of money because they had a lot of acreage on the licenses.

And on your other point i also agree because Lundy's constant exaggeration of the worth of Red Rock's assets ultimately harms this share price because when you compare the reality against his exaggeration then i'm sure that underwhelms many and they sell.

Banbury this is the far fetched garbage Lundy posted in October about the Chinese meeting. Bear in mind mining majors wouldn't be capable of these huge numbers let alone a company like ALR's tiny size that had done no drilling or had no equipment.

He just says anything to sucker people in. He is just so dodgy.

"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?"

Helpful, he's a lying **n*!

Go running to him.

Dukey, i actually put him back on filter. His layout is too much for me. It's a challenge to read. It's an eyesore on my eyes.

News, you are no longer on filter.

Bell has explained in the past what he means by avoiding dilutive finance. How he explained it was if he does a fundraise and that fundraise enhances the value of the company then he does not consider that dilutive finance.

A confused Andrew Bell has difficulty understanding why people aren't being suckered in by todays RNS.

So instead of concluding that he is sh"t, nobody believes in him and he should therefore resign, he has instead concluded that shorters are at work:

"The market makers marked the price down on the news. It has been obvious for some time they have been running a short position. When the price rose in very large volume they could not cover so kept widening spread and marking down. Does that mean they want our stock? Then, as today, the market did not give them much. Volume fell.

Has the market maker system outlived its usefulness? Remember that holding an undisclosed short for speculative purposes is as illegal for them as anyone else. They can only do so to support day to day trading. But they are inadequately policed and a market maker makes more money most of time with less capital tied up being......short."

https://twitter.com/ABell2019/status/1762438035533181003

Anyway what i think is meaningless and this announcement is a distraction. What is really important is the DRC money.

Where is it?

From RNS:

"The license remains owned by Red Rock subsidiary Faso Greenstone Resources SARL"

So that to me suggests that Sam Mahendran and his team are just offering services to Red Rock. Not JV partners.

Bell says:

"In the event of discouraging results at any stage, work on the alluvial potential will cease and Riverstone will move equipment to another project. Red Rock will update the market as work proceeds.

We are now working with a group that is deeply committed to our success whose advice and help on other matters we have found invaluable."

....

Again the above extract suggests that Sam Mahendran and his company Riverstone are just offering services to Red Rock. Maybe Sam Mahendran in a way he is offering the credit facilities in that Red Rock can use his equipment and his team services now and Red Rock will pay for it all at a later date.

Sam Mahendran & his team (Willem Smuts & Dirk Benade) seem to be involved in most of Red Rock projects. They certainly were in Zimbabwe.

https://twitter.com/RRR_RedRock/status/1714228370878218263

Here they were the other week:

https://twitter.com/RRR_RedRock/status/1756053889168675311

https://twitter.com/RRR_RedRock/status/1754512108786512296

Red Rock have never detailed the exact business relationship they have with Sam Mahendran. All these services and equipment he offers Red Rock i suspect in the future will be costing Red Rock a lot of money.