Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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:
...
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"
....
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?"
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
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.
"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."
....
I didn't realise Red Rock had a present credit facility. It must not have been announced.
I wonder who they have taken that out with?
This also looks like Barry alongside Andrew Bell. Andrew appears to be wearing a Kim Jong Un suit and carrying an handbag.
https://twitter.com/ABell2019/status/1547278129357619201?cxt=HHwWgoC80djQhPkqAAAA
Previous post should have said 0.06375p.
Corrected post:
You talk lawyering up for "value destruction"?
In Oct 2023 Andrew Bell agreed that any RRR placing over £200,000 would allow the new CLN holders to convert their CLNs 15% below that placing price.
So when the RRR share price was over 0.1025p RRR chairman Andrew Bell agreed to a £500,000 placing at 0.075p, which then enabled the Oct 2023 CLN holders to convert their CLNs into 0.06375p RRR shares.
Now that's REAL value destruction and Andrew Bell agreed to it. So it would be utterly laughable 😂😂😂 if Andrew Bell then tried to take someone to court for RRR value destruction. 😂😂😂😂😂😂😂😂
You talk lawyer up for "value desruction"?
In Oct 2023 Andrew Bell agreed that any RRR placing over £200,000 would allow the new CLN holders to convert their CLNs 15% below that placing price.
So when the RRR share price was over 0.1025p RRR chairman Andrew Bell agreed to a £500,000 placing at 0.075p, which then enabled the Oct 2023 CLN holders to convert their CLNs into 0.6375p RRR shares.
Now that's REAL value destruction and Andrew Bell agreed to it. So it would be utterly laughable 😂😂😂 if Andrew Bell then tried to take someone to court for RRR value destruction. 😂😂😂😂😂😂😂😂
Hawaii, Winnifrith has written a shàreprophets article today. Although i can only see part of it because i am not subscribed, however from reading the part article i'm guessing Winnifrith is saying: when a useless bullboy chairman like Andrew Bell pompously goes onto a thread and threatens people it screams RED FLAG steer clear of that company.
Article:
THOSE WHO THREATEN LEGAL ACTION HOIST A RED FLAG: ANDREW BELL & RED ROCK
By Tom Winnifrith | Monday 19 February 2024
"Reading through my articles from three months ago, to weed out typos, I was struck by THIS ONE about Red Rock Resources (RRR) when the shares were 0.1425p. The shares are now just 0.0825p despite the appointment of Mr. David Lenigas as a special consultant tasked with ramping the share price on twitter and telegram, oops I meant “tasked with creating sustainable shareholder value."
Dukey, i actually thinking Hawaii was on about me. 🥲
The other week i did a post and i said since Bell and Kaintz were no longer running CRCL i felt at peace and no longer had any urge to post on the CRCL thread.
Hawaii likes you. 👍