Member Info for zumore

Todays RRR RNS says:

"A draft of the arbitration award has been received and awaits signature and release. This process was delayed during the election period which has now concluded with the re-election of President Felix Tshisekedi.

An update will be provided as soon as possible."

.....

Also in 8 March 2023 Red Rock RNS it says:

"The decision of the arbitrators has been received in draft and a finalisation and signature is awaited.

Further information will be provided when there is anything definite to report"

...

RRR also give mention to awaiting of signature in the 29 Dec 2022 final results RNS.

Maidit, Red Rock are just repeating because they have for well over a year been saying they are awaiting a signature.

From todays 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"

For you Robins i will be positive.

If Andrew isn't lying and money from DRC soon arrives to RRR and it multibagged the RRR share price. Then do yourself a favour and sell.

I say that because you know with Andrew in charge you'll never recoup your RRR losses. And you know any money that did arrive would be quickly squandered by Andrew.

Rather helpfully (regarding peak price) in the 2013 Final results RNS Bell says of Jupiter:

"During the year, Jupiter Mines saw a considerable decrease in share price as the expected strengthening of its position following the Tshipi mine coming into operation did not occur. The holding of over 90 million Jupiter shares, which at their peak were valued at nearly 90 cents each, was a core asset that for a time gave us enormous stability. The Jupiter share price has fallen to a current level of less than 7 cents over two years, and despite the periodic sales that we have been able to achieve, this has been a considerable blow to our balance sheet. The asset which we thought would be a strong buttress, enabling the rest of the business to weather the downturn of the sector, proved to be as vulnerable as any other. This was despite a string of good news about production, transport, and marketing arrangements"

....

In the 5th July 2013 Red Rock announced they had sold over 40 million Jupiter shares getting only $2.8 million Australian dollars (so around £1.4 million). So that was a terrible sale by Bell. It looked like that money was only used to pay off some death spiral finance debt.

https://www.lse.co.uk/rns/RRR/further-sale-of-shares-in-jupiter-mines-mpxtmtf2ys167xx.html

If only Bell had held off that sale because when Jupiter relisted in early 2018 Red Rock would've held over 60 million Jupiter shares. At that time Red Rock were saying their 18.5 million Jupiter shares were worth $7.2 million. So if Red Rock had held off that cheap sale those 60 million would have been worth a well over 20 million Aussie dollars. Also when Jupiter relisted over those next two years Red Rock were paid over £1.5 million in JMS dividend payments. So if Bell hadn't weakly and cheaply sold those 40 million Red Rock would've probably recieved around £5 million in dividend payments.

If only if only. 🤔

Rather helpfully (regarding peak price) in the 2013 Final results RNS Bell says of Jupiter:

"During the year, Jupiter Mines saw a considerable decrease in share price as the expected strengthening of its position following the Tshipi mine coming into operation did not occur. The holding of over 90 million Jupiter shares, which at their peak were valued at nearly 90 cents each, was a core asset that for a time gave us enormous stability. The Jupiter share price has fallen to a current level of less than 7 cents over two years, and despite the periodic sales that we have been able to achieve, this has been a considerable blow to our balance sheet. The asset which we thought would be a strong buttress, enabling the rest of the business to weather the downturn of the sector, proved to be as vulnerable as any other. This was despite a string of good news about production, transport, and marketing arrangements"

....

In the 5th July 2013 Red Rock announced they had sold over 40 million Jupiter shares getting only $2.8 million Australian dollars (so around £1.4 million). So that was a terrible sale by Bell. It looked like that money was only used to pay off some death spiral finance debt.

If only Bell had held off that sale because when Jupiter relisted in early 2018 Red Rock would've held over 60 million Jupiter shares. At that time Red Rock were saying their 18.5 million Jupiter shares were worth $7.2 million. So if Red Rock had held off that cheap sale those 60 million would have been worth a well over 20 million Aussie dollars. Also when Jupiter relisted over those next two years Red Rock were paid over £1.5 million in JMS dividend payments. So if Bell hadn't weakly and cheaply sold those 40 million Red Rock would've probably recieved around £5 million in dividend payments.

If only if only. 🤔

Banbury i think at its peak Red Rock's Jupiter shares were worth multiples of that. I personally don't give praise because ultimately he squandered it away.

Once on lse i could only look back to 2009 RRR rns's but i see now i can look back from the start in 2005. Just from a quick skim he raised tens of millions from the death spiral lenders. He sunk similar in projects that ended up being worthless. His decision making was truly woeful. Yet here we are in 2024 and he's still running the company.

I wasn't around but the other day i was looking at how Bell slowly sold off the 93 million Jupiter shares. So at the weekend i might list each sale of Jupiter shares.

Some say that was Andrew Bell's great success but looking back today surely it's more shame than success because he squandered all the Jupiter money away.

Firstly i know some will moan "are you kidding me. You are bringing up an RNS from almost 18 years ago?"

Yes i am. 😕

I was looking at the interims from 31 March 2006 and the then and now Chairman Andrew Bell was giving shareholders a rundown of what happened in the first few months of trading on AIM for Red Rock.

"The half year to December saw the listing of the company's shares on the AIM market on 29th July 2005.

27,300,000 shares were placed at 2p per share to raise a net £476,000. With 141,860,000 shares in issue.

The stock price closed its first day of trading at 2.5 pence, valuing the company at £3.54m.

Between listing and the year end, the shares traded within the range 2.25p and 2.88p."

https://www.lse.co.uk/rns/RRR/interim-results-bwzhrico8j8tdv1.html

....

So now 16 Jan 2024, todays share price is 0.075p or around 1/13th of a penny. However at the end of 2015 RRR did a 25-1 share consolidation, so if we reverse that 25-1 share consolidation then this share price today would be around 1/330th of a penny. So with no share consolidation the share price today would be around 825 times smaller than the 2.5p it closed on its first day of trading.

...

If we also reverse the 2015 share consolidation then todays almost 3.34 billion shares in issue would become around 83.5 billion shares in issue.

So after its first day of trading Red Rock had 141,86 million shares in issue. With no share consolidation there would now be around 83.5 billion shares in issue. So that would mean around 600 times more share would be in issue than its first day of trading.

......

The absolute beauty of Red Rock that in a way makes it pure and incredibly easy for would be investors to determine whether Red Rock is a good company or not, is that Andrew Bell has been the Red Rock chairman and been in charge of running the company for all its 19 years listed on AIM.

So i come back to my subject question isn't it astonishing that even though this chairman as absolutely decimated this share price with his company decisions that 19 years on he still somehow remains in charge at Red Rock?

To add extra to my 21.55 post last night as to whether Lundy should be paying his way with the ongoing ALR costs. He definately should because he also posted this last year:

1 June he posted:

"The answer is no, it is ALR's licence not RRR's. RRR has about 46% of ALR."

....

31 May 2023 he posted:

"Not true. ALR is funded to production and if it needs more, we will put more in. I don't think that it does or will need more"

"I personally own 10.262% of ALR. I think I might know a bit more than you"

....

1 June 2023 he said:

"That $320k is mine and two other guys' money. RRR owns less than it did because ALR raised money by issuing shares. You know when all the trolls were saying it was all madey-uppy and that nothing would happen and that it was valueless?"

Slightly off topic.

I had a quick search on caption generator to see if any other investors have done any H*tler caption generator videos. So the obvious one's to search for were old Lenigas and Paul Johnson companies. There was a couple of old one's on UKOG and a couple on Johnson's former company MTR.

Funny when i looked at an old 2016 H*tler MTR video somebody was moaning that Johnson had bought RRR shares. If i recall correctly i think RRR and MTR did a £100,000 share swap and so they held that amount in each other companies.

https://www.captiongenerator.com/v/236872/hitler-ramped-into-mtr

Banbury, i recall Helpful saying two of his clients or friends also held another 20% in ALR. So with his 10% they would jointly hold 30% in ALR.

You can also see from his old posts that he see's ALR completely separate to RRR. So if ALR went t*ts up then Dukey would be correct because Lundy's ALR investment would be worth the middle of a doughnut.

So if you are correct and he isn't paying his share towards any shipping, 200 tonnes of spodumene. Plus all the additional Zimbabwe costs. In other words taking on the risks. Then that is absolutely scandalous!

20 August 2023 he posted:

"1. My investment into ALR was into ALR shares not RRR shares.

2. What happens to the RRR share price has no effect on the value of my ALR holding

3. What does affect the value of my holding is, the lithium price, lithium ore in place, grades, production plans, new licences, JVs, offtake agreements etc "

17 August 2023 he posted:

"1. ALR is not a public company nor is it a subsidiary of a public company

2. I do own just over 10% of ALR: that is not inside information. Comments about ALR are not comments about RRR."

Same post also said:

"I know in this RNS RRR refers to ALR as a subsidiary but in my view it is not a subsidiary. From my numbers RRR owns less than 50%. AB might argue that if Rupare votes with RRR then they have control and that it is true but from a company law and accounting point of view ALR is

not a subsidiary of RRR nor is it a group company."

17 August 2023 he also said:

"With regards to being inside on ALR, I have not provided any inside information on ALR and in any case ALR is not a listed company and so the Market Abuse Regulations do not apply"

I can remember when Helpful or Lundy on almost weekly basis used post on here that in his opinion ALR was worth multiples of the Red Rock market cap. Recently he doesn't mentions that. Though if ALR ends up being worth the middle of 5 doughnuts and Red Rock ends up being worth the middle of 1 doughnut. Then for once he will have been correct with a prediction. 😋

He also no longer mentions holding 10% in ALR. So because i doubt he will have been contributing to ongoing costs in Zimbabwe i would not be surprised if he now owns near nothing in ALR. I can't ask him what ALR percentage he now holds because supposedly he has me filtered.

To answer my previous question whether any AIM company as ever done two share consolidations. I should have remembered that Bell's former company Regency mines (now Corcel) did two. A 20-1 share consolidation with Bell at the helm and when Bell had left the company they did another 100-1 share consolidation.

The RRR nominal or Par value here is 0.01p (one hundredth of a penny) and Red Rock cannot raise funds below that price. It used to be one tenth of a penny but Bell got that lowered. So if there is no DRC money and Bell does more discounted placings you would think another share consolidation would be happening here quickly because it wouldn't take many discounted placings or for that matter bad news to send this share price near to the nominal value price.

At the end of 2015 RRR did a 25-1 share consolidation. So 6,033,861,125 billion shares in issue became twenty five times smaller and so after share consolidation 241,354,445 million shares were in issue.

21 Dec 2015 RNS: https://www.lse.co.uk/rns/RRR/result-of-agm-board-change-capital-reorganisation-t3376lbqh5hj9xb.html

Leading up to that share consolidation CEO Andrew Bell gave his reason for the share consolidation in the 23 Nov 2015 RRR newsletter: 😐

"Finally, a quick note on resolutions 7, 8 and 10 at the AGM. Some have asked the meaning of these, and a few

have looked behind the text to suggest motives other than the obvious. But the obvious explanation is the

correct one.

The answer is that these resolutions would have the effect, taken together, of consolidating every 25 shares into one. These resolutions, as combined, are the standard mechanism – the standard resolutions - by

which that result is achieved. The expectation is that the price would then trade in the region of 0.5p plus.

The reason for this in our mind was that the price does not at the current level display properly either on the LSE/AIM price page or for example on services like Bloomberg and Yahoo. Their methods of dealing with numbers after the decimal point varies. Some apps and services can cope, but others can’t, which is a great inconvenience to many people, and means that the price movement displayed and the price displayed may not be consistent. If we, as management, sitting in the office, can be uncertain what the real price is at any moment, it is unsurprising that shareholders are also. This can only reduce liquidity, which depends on transparency. The consolidation is to a level that is still easy to trade, and will leave a number of shares outstanding large enough for good liquidity.

Our analysis shows no evidence that similar consolidations have any adverse effect on price, or in altering a trend from that already established."

.......

So after the 25-1 share consolidation at the back end of 2015 the RRR shares in issue were 241,354,445 million. However just over 8 years later that amount is almost 14 times bigger and now stands at 3,336,764,458 billion RRR shares in issue.

I think three words can descibe the above:

(1) Unrelenting

(2) Callous

(3) mismanagement

I don't whether any AIM company as ever done two share consolidations? But from the woeful running of this company it certainly looks nearing.

To me the recent placing was a true indication of the true desperate state this company is in. An almost 30% discount placing.

To me that was like Bell saying " to hell with the shareholders i will accept any terms just give me that dámn money"

Red Rock's tagline should be "a day that passes is a day closer to another fundraise"

Somebody has been busy making Red Rock caption generator videos. There is four new one's since when i looked last year. 😳

Like i said the other week i did the very short 20 sec "where is his money" video. It was a slow boring process syncing the captions with the voice and so i stopped at that one. So the rest are from others.

I watch the new one's later.

https://www.captiongenerator.com/search?q=red%20rock

RRR CEO Andrew Bell posted this on this thread:

"Hmm, I was told I ought to look in here. I said "Why? I have never seen anything there but nonsense, and I don't believe the sound, solid investors who write to me and have made consistent money on the markets generally post, or visit, these sites". I was answered "Do you have any reason to suppose there is an effort to deramp your stock?" "I said, well, we have had approaches from brokers, to which we have not replied, and I know that some of these people will offer money, then sell out their holdings to establish a low base in the hope of getting a placing done where they can say 'That stock we just sold for you; we can get you back in cheaper'. Not all of them, but some." So against my better judgment I looked in here.

And I wish I hadn't. Every statement pretending to knowledge, every speculation, is false - utterly false - and some of the most malicious posters, who seem obsessed with us, are the same names I last looked in here and saw som 7 or 8 years ago.

I have one piece of advice to them: get a life!"

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

.......

13 Dec 2023 the RRR share price was down to 0.1025p.

14 Dec 2023 at 7am Red Rock RNS an hugely discounted £500,000 placing with Broker Clear Capital:

"Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, copper, cobalt, lithium and other minerals, announces that it has placed 666,666,667 new ordinary shares ("Placing Shares") by a placing at 0.075 pence per share raising a total of £500,000 before expenses ("Placing"). The Placing was arranged by Clear Capital Markets Limited."

https://www.lse.co.uk/rns/RRR/issue-of-equity-total-voting-rights-aynt6izrxbxnabb.html

By the end of trading on 14 Dec 2023 the Red Rock share price had collapsed to 0.08p.

By the end of trading on 15 Dec 2023 the Red Rock share price had fallen further to 0.075p.

....

Although some complain about the less positive posters on this thread. We all must remember this share price is where it is today because of the incompetences of the CEO Andrew Bell. He is the one who collapses this share price with his constant company failings and he is the one who collapses this share price further by agreeing to the awfully structered fundraises and the hugely discounted placings.

Bell fanboy, unsurprisingly he left Regency in an utter mess when ousted. So utter mess coupled with the fact atrocious Scott Kainz became CEO meant absolutely no surprise Corcel continued to decline in price when Bell was ousted.

The funny thing is now Kainz is no longer on the CRCL board i feel at peace. I no longer feel the need to post on that thread and i wish shareholders all the best.

Maybe the same thing would happen here if the woeful Bell and Kaintz were removed.

The bizarre thing with the large Red Rock shareholders, there seems to be no company failure that would require Chairman Andrew Bell to be removed. The share price can also reach new lows and they seemingly have no desire to remove the Chairman.

Also like i said a few weeks ago we may get a weird situation in a month or two if the share price continues to plunge to new lows because if by then the share price is around 0.02p, we may still see poster "Helpful" enthusiastically promoting Red Rock telling posters on this thread how amazing Red Rock's projects are, the weird thing about that would be that when the share price was 60 times higher at 1.20p he was doing exactly the same.

The Red Rock 2 Jan Total Voting rights rns still doesn't show on this forum.

Over 3.3 billion shares is a lot of shares in issue. Of course that amount would 25 times higher if the share consolidation hadn't happened a few years ago.

https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/w9n2yer