Member Info for zumore

The lse no edit function must have made me make over 1000 extra posts to say i've made a error.

My last post should have said:

"In light of what TDT said i wouldn't trust either of them to hold onto to those shares"

I am not a shąreprophet paid subscriber to see the full article but in March the headline was:

"BREAKING: One rule for Gavin Burnell of the Globo fraud infamy, another for the plebs in the Elephant oil IPO like Andrew Bell

By Tom Winnifrith | Thursday 16 March 2023

Mr Andrew Bell of Red Rock Resources (RRR) – Eton and Oxford – may be unused to being called a pleb, certainly by a ghastly little oik like Gavin Burnell of the Globo (GBO) fraud infamy. But it seems that in the float of Elephant Oil in the USA, there are two classes of investor and Red Rock is very much the lower class while the frightful Burnell is king of the castle"

....

Over the years Winnifrith has done numerous pieces on Gavin Burnell. Directly/indirectly Burnell will own around 24% of Elephant oil. Matt Lofgran will own around 22%. In light of what TDT said i would trust neither to hold onto to those shares.

If it listed at £2 million market cap in the UK i think it would tank, so if it does list at around $55 million market cap in the USA then i think the price collapse will be speedy. I don't know how such a garbage looking company could list.

D*mn that's my new hobby gone! 🙁

If/when Elephant oil soon lists.

Particular Stephen Lundy's 707,000 Elephant shares.

If Elephant lists at $5 he will have initially over $3.5 million in Elephant shares.

I wouldn't be surprised if he loses over $1 million after the first day. 🥴Probably he'll be down another $1 million after a couple of weeks. 🥲 And after 6 months i dread what he will have left. 🙃

He's mocked so many people over the years over their losses. This could be my new favourite hobby watching how his Elephant oil investment does. 😂

Don't worry Stephen you are only locked in 6 months. 🥴

If/when Elephant oil soon lists.

Particular Stephen Lundy's 707,000 Elephant shares.

If Elephant lists at $5 he will have initially over $3.5 million in Elephant shares.

I wouldn't be surprised if he loses over $1 million after the first day. 🥴Probably he'll be down another $1 million after a couple of weeks. 🥲 And after 6 months i dread what he will be left. 🙃

He's mocked so many people over the years over their losses. This could be my new favourite hobby watching how his Elephant oil investment. 😂

Don't worry Stephen you are only locked in 6 months. 🥴

Tradedesk, i remember it but i can't find it for you.

Maybe it's in here: https://www.sec.gov/Archives/edgar/data/1865833/000121390023062605/fs12023a15_elephantoil.htm#T8

And once again Stephen Lundy or poster 'Helpful' owns 707,000 shares or 5.8%. So if Red Rock own just over 362,000, they now own near 3%: https://www.lse.co.uk/rns/RRR/investee-entity-update-elephant-oil-limited-8xpadefjpalvvdx.html

Like i said i think the share price will quickly tank. I believe the main Benin licence is still uncertain of being renewed. They had it for 9 years and did next to nothing with it.

I believe they are locked in for 6 months.

$55 million mcap is unbelievable. Lofgran's NTOG is £1 million mcap.

From observations Lofgran like Bell is a money grabbing next to useless leach of life. So after 6 months my prediction is $1 million mcap or suspended.

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.

Helpful out of everybody who posts on this thread it would be many of your posts that the FCA should take a keen interest in.

For example around the 15 June you were giving production timelines at Tin hill, you were going into details how much money Tin hill should be making. You were telling us ALR was worth multiples of the Red Rock market cap. You were pointing out that you were a personal shareholder of ALR. Others were saying because of this that you were in the know.

End result lots of people who took notice and got suckered in by you are now sitting on 50% losses.

After all these years why aren't you in prison?

It was his 7 Aug 10:31 post. He dressed it up either side but that was the part of the post i focused on.

From latest RNS:

"the Investors have agreed with the Company to extend the terms of the Notes and Warrants". To me that says the lenders subserviently nodded along with what the company wanted. They had little choice.

I personally think Red Rock will be doing many fundraises over this next year. With the CLNs Bell would rather raise funds for himself and Red Rock than pay them back.

What i've learnt about Bell and Red Rock over the years is that no matter how dire things look Bell is always capable of finding a fundraise somewhere. He has no worries about taking out a brutal share price destructive loan, so he will always find a loan.

That should've said 2020 (not 2023):

"Also bear in mind that the 3 year Kenyan licence which was renewed on 2 August 2020 has now come to an end"

Also bear in mind that the 3 year Kenyan licence which was renewed on 2 August 2023 has now come to an end.

At the time there was much gloating by Bell and others that they had got one over on the Kenyan government because after a lengthy battle the licence had been renewed.

I believe the Kenyan government changed at the last election but now Red Rock want the licences renewed. In my eyes Red Rock have done little with the Kenyan licence so no guarantees the Kenyan authorities will renew.

I would be intriqued to know what assets would have been seized?

There are no Jupiter shares these days. There are no Power metals shares. What assets of value would a lender seize?

Though in Helpful's post the other day he painted a picture of Red Rock in a very sorry state.

Part of his post:

"If we hadn't agreed to rollover and had instead demanded repayment, RRR would have had to declare it was in default.

RRR had no headroom to issue new shares, it would have to call a GM to authorise the issue of new shares and it would then have to do a placing to get the funds. In the meantime, we could have issued a statutory demand and seized the assets within the time period required to secure the necessary authority. Any placing would be at a much lower price than 0.2p or the 30 day VWAP. You and any other shareholders should be thanking us."

Afterall i believe he arranges the loan notes with the company.

RNS says:

"Upon the establishment of the Note Conversion Price, further authorities will be sought as may be required for the issue of Shares upon conversion of the Notes and in respect of arrangement fees of 3.5% (payable in Shares at 0.2p a Share)"

Specinvestor, it's 6.40pm UK time. So i doubt lse admin will be removing posts at this time of night.

To cheer up the misery here. Here is a link to a Tommy Cooper Karate sketch from many decades ago. https://m.youtube.com/watch?v=A-Eq5Xn23h8

I saw it again a couple of days ago and after 45 or so years i thought it was still hilarious. 😁😁😁

Let's hope the post remover doesn't get Tommy removed. ☹️

There used to be a dodgy guy on twitter who always used to get my lse posts removed. On forums he was called Bambos and on twitter he was called Harry AIM.

I recall years ago he either went to a Red Rock or an RGM (now Corcel) annual meeting and he posted on twitter a photo of himself with Scott Kaintz. In this photo he was cheek to cheek with Scott and he had tears in his eyes. It was like he had met his idol and he had become overcome with emotion.

I'm not a member of twitter so i can't see if he's still interested in Andrew Bell or Scott Kaintz companies.

Let's hope Helpful's personal investments in:

(1) Tin hill

(2) Burkina Faso

(3) Ivory coast

Don't become

(1) Bin hill

(2) Burkina Fiasco

(3) Ivory toast

"Initially ALR will sell the stockpile at surface and mining will start properly sometime back end of next week, early the week after (based on previous RRR/AB public statements).

The target production has been stated at 5,000 tonnes per month from the first site: at 2% lithium.

The price for 2% lithium in Zim seems to be currently $200/$250 per tonne. 3% for export is about $1,000/$1,500 per tonne. Just multiply out.

DYOR"

"with regard to production bbb does this all the time comes out with something which is then rebutted and then restates the same issue differently a few days later.

so people understand, i own 10.262% of alr and with two mates just over 30% when ab refers to outside investors, it is us. alr, lac minerals and faso were to put together with my encouragement and undertaking what we would co-invest. we have a position in faso too and will likely fund cote d'ivoire now the first licence has been issued.

in each case, the plan has been and will be to get to production as quickly as possible and cheaply as possible so neither rrr or we have to fund it on an ongoing basis. for each there are two ways forward, lots of analysis, lots of drilling and spending a lot of money over several years or just find something that can be exploited and get on with it.

that is what is being applied at tin hill. the site is near to harare, which is about an hour away by road. in harare there are plenty of contractors to supply skilled labour, diggers, dumpers, grinders etc. in fact, everything that is needed at tin hill except the flotation tanks needed for beneficiation, which would need to be ordered or bought second hand.

so the plan is for pretty much all of the doings at tin hill to be done by contractors and supervised by our people on the ground; bashile and julian plus a couple of others. it is going to come down to how fast the contracts can be agreed, signed and contractors get on site. once they are on-site, production will start. the illegal miners have helped us; they have already removed over burden on part of the site and exposed the mineralised pegmatite and extracted some of the spodumene. the stockpile (it is actually physically more than one stockpile as in where they have dumped the extracted spodumene) is substantial and will take several days to shift once sold. so hopefully, the contractors are on site this week coming or maybe the week after. i don't see that it makes much difference and it is not a ****up but merely down to the contractors ability to get on site.

once the stockpile is sold alr will not need any more external capital and should pretty quickly be able to make distributions to us and to rrr.

tin hill is only one asset in alr. once all the paperwork is dealt with alr might have several licences and once cash flow has started be able to do more deals elsewhere.

imho alr is worth several times rrr's market capitalisation even applying a discount for zimbabwe. i expect that rrr will put out a detailed presentation for alr fairly soon but the priority is getting into production not producing pretty pictures.

dyor"