Member Info for zumore

Points 1 to 4 was just repeating old news.

Also an uninspiring RNS title: "The DRC arbitration process continues"

RNS said "stand by" and come to a meeting. But we don't know who with.

Then at the end of the RNS it gives a cautionary warning.

.......

Of course if others read the RNS differently then that's their choice. The majority of RNS looked like old news dressed up as new.

I believe Red Rock listed on AIM in 2005. Just like today Andrew Bell was in charge in 2005.

If somebody had invested £95,000 in Red Rock's on its first day of trading in 2005 then today that £95,000 would be worth just over a £100.

In Dec 2023 when Red Rock did a £500,000 placing before the pllacing the RRR share price was just over 0.10p yet Bell agreed to a placing price of 0.075p. So Bell did an almost 30% discounted placing.

David Lenigas is a bit of a blast from the past. Yes no doubt some big multibaggers have happened under him but that seems such a long time ago. And as the articles say Lenigas has an awful reputation of exaggeration and going over the top about normal assets. So based on that Bell could easily get suckered in and buy a dud from him.

But yes this freakshow is interesting.

That is my last post today.

News, what do you like about the Red Rock Resources Chairman & CEO Andrew Bell?

I know some may say of me that my posts are boring so i shouldn't really criticize .. but "News" posting layout is so ugly to my eyes. ☹️

I was thinking if "News" and "Helpful" tagteamed on this thread. "News" does a boring post on this thread followed by a boring posted link by "Helpful", then soon this would become the most tedious thread on LSE. ☹️

That nightmare scenario could drive me away from this thread. ☹️

A different topic.

I recall a couple of weeks ago Maidit said he bought into HE1 at 0.20p. I know he doesn't appreciate some posts on this thread but i personally hope he's made good HE1 profits that make up for his losses here. 🙂

If he still holds in HE1. I'd bank those profits because you'd suspect an huge discounted placing would soon be coming.

From article:

"The controversial entrepreneur, who has been criticised for exaggerating the success of his companies to jack up share prices"

https://www.thisismoney.co.uk/money/markets/article-3034031/Australian-tycoon-claiming-struck-oil-Sussex-pruning-directorships-focus-making-fortune.html

...

I can imagine even some recent Red Rock investors will be pretty disgusted with the useless Red Rock chairman Andrew Bell. Afterall they've endured numerous fundraises that has decimated their Red Rock investment; Bell has relentlessly fundraised to pay himself and pay for all the vast array of Red Rock projects around the world. All for what? It seems all for nothing!

Reading between the lines it seems those fundraises were needless fundraises because in all likelihood most of those projects will get dumped. So Red Rock shareholders got diluted for nothing by the incompetent Red Rock chairman.

Instead now the desperate Red Rock chairman has hired the controversial "face of pump" to the Red Rock brand.

Will it work? Maybe temporary. But what will do know is billions of shares will get issued over these next six months and at the end of the year Red Rock Resources will be an even bigger wreck than it is now.

I can understand why many observers with fascination follow Red Rock Resources because IT IS the modern version of a freakshow.

Specinvestor, rampers love Lenigas, although he's been quiet you can bet Stephen Lundy has wet himself many times this weekend with excitement.

Let's not forget Andrew Bell is STILL IN CHARGE at Red Rock. Not Lenigas!

Andrew Bell is a mass share diluter. David Lenigas is a mass share diluter. What happens when two mass diluters combine?

and thanks to the person who posted it on *************.

Specinvestor, i don't know if you can see this David Lenigas article in Canada? I think it will help you get a better idea of who he is.

https://www.thisismoney.co.uk/money/markets/article-3042471/CITY-FOCUS-David-Lenigas-money-mouth-is.html

No matter how Horse hill turned out you can see back in the day David Lenigas absolutely loathed Andrew Bell.

https://twitter.com/DavidLenigas/status/704226090022281216

https://twitter.com/DavidLenigas/status/704227822219501568

Maybe he's come in to sink useless Andrew. Maybe charge Red Rock a fortune for his consultancy and see if he can offload a rubbish asset on Bell.

Remember Dukey at the time Michael Knott was on the board of both Red Rock and Alba. So nothing would surprise me.

On this Lenigas situation i slightly differ from you.

Although in the last couple of years i haven't closely been following Corcel they did aquire Rare Earth project "Mt Weld" from Lenigas. Here's Scott's twitter with Lenigas pumping: https://twitter.com/KaintzS

So this is my own guess how it will pan out with Lenigas:

(1) RRR will within days announce that they are deciding whether to buy a project from Lenigas. They will pay him an exclusivity fee (maybe in RRR shares) while they do due dilligence on the project.

(2) Near the forthcoming AGM they will RNS they are buying the Lenigas project. They will pay him in RRR shares.

(3) All resolutions pass at AGM.

(4) Soon after the AGM they will announce an huge placing to fast track the former Lenigas project. Lenigas will partake in the placing. "Helpful" will be squealing that Lenigas holding RRR shares shows how confident he is. However the reality is that his partaking in the placement was probably from part of his consulting fee being paid in placement shares.

(5) Then Lundy starts posting lots of posts on how much the project is worth.

(6) Of course longtermers will be wondering where the hell is that DRC money.

I won't post those tweets where Lenigas was calling Bell because they would probably get deleted but trust me word for word they are true. Of course if they said to me "you are lying so you better lawyer up" then of course i would post them. However they won't do that because they know it's true.

If i remember correctly the back story on their dispute is:

Andrew Bell of Regency mines buys into Horse hill.

Then some time later Bell sells the Horse Hill shares to Alba.

The next day all companies still involved in Horse hill release a positive HH rns that triples up most companies share prices. As you can imagine Regency mines shareholders were again not happy with Bell.

Within days Andrew Bell is sat with two others on a panel (maybe the UK investor show) and they are all slàgging off Horse Hill.

A few months later two faced Andrew Bell of Regency mines buys back into Horse hill and he is heaping praise on Horse Hill and saying how wonderful it is.

Of course him buying back incensed Lenigas.

When Regency mines again sold their Horse hill shares to be fair they did make a very good profit on them.

That's how i remember it.

Potential new RRR investors. The Red Rock chairman/ceo Andrew Bell does sometimes post on this thread.

Usually to threaten a poster.

https://www.lse.co.uk/profiles/andrewrbell/

Helpful "reviewing opportunities in the oil and gas sector" tells you how woeful Andrew Bell has been running this company. I say that because Red Rock have numerous rubbish projects, they must have about 30 different licenses all over the world. All costing money.

Yet they are looking for something new. 🥴

Andrew Bell RNS comments:

"We have known David for some years now and worked well with him in the past when we jointly developed onshore oil projects in Southern England"

"David Lenigas is someone we have had a good experience working with"

......

That's nice how you remember it Andrew. 😂

The reality is when Lenigas discovered Andrew Bell was going to rebuy into Horse hill David Lenigas said:

"I'm going to suggest to Sanderson that he refuses Andrew Bell coming back in to Horse Hill. His uneducated comments are disgraceful"

😂😂😂

He is also once said of Andrew Bell:

"Two faced liar he is"

Very strange appointment. I'm sure in the near future we will find out it is an expensive one.

One reason for strange is because David Lenigas used to think Andrew Bell was a two faced liar.

..

Yes when "Helpful" invests in any drab looking project it is no surprise that suddenly that project is worth many millions. You know the exaggeration, i know the exaggeration, others know the exaggeration, however some don't and that's how some people get suckered in.

I have little confidence in the DRC money arriving. To be honest i have no idea how Andrew Bell still has a job at Red Rock. He is both CEO and Chairman at Red Rock and 19 years is more than enough time for him to build the company and create shareholder value. However after 19 years listed on AIM any first day investment in Red Rock would now be worth over 800 times smaller.

Andrew Bell must the most pointless Chairman on AIM because for the ordinary shareholder he offers nothing.

This is my post from August on poster Helpful:

"Helpful, you tread a very fine line on this thread because many know you do various deals with Red Rock. So you play up on that, you use that so you can manipulate investors to make out you know more than you actually know.

So you without doubt are the biggest market manipulator on this thread. You post on this thread for a reason, and it's not to be Helpful."