Member Info for zumore

Https://twitter.com/DkOkenia/status/942693658356273152

Just to point out that video i posted where RRR management talk about all the money they have is from 2018. I hope investors haven't made a mistake and are buying in because of that? 🥴🥴

The only other explanation is AB is worried about William Black leading up to next weeks General meeting. I recall back in December 2017 when Peter Gyllenhammar went over 13%, then over the next few days Bell went into a buying frenzy so the resoultions would pass at the AGM.

Helpful, do they need over 75% for resolutions to pass at the General meeting?

You misunderstood my post.

I do believe the video when they say that RRR would have £3.5 million cash by May 2018. Then the other reports show how quickly and incompetently they squandered that money away.

I won't be able to respond because it is very late in the UK (1.20 am) but i have noticed with you that you accept very low standards when it comes to AIM management.

Please watch this 16th March 2018 video of Red Rock Ceo/Chairman Andrew Bell along with his useless sidekick Scott Kainz. Standing in front of a whiteboard they say by May 2018 they will have company cash of £3.5 million + many $millions in Jupiter mine shares.

https://m.youtube.com/watch?v=eC3EWHcU2ug&pp=ygUdc2hhcmUgdGFsayByZWQgcm9jayByZXNvdXJjZXM%3D

Fast forward to the 29th March 2019 half yearly report. It says 30 June 2018 CASH AND EQUIVALENTS was £2,265,636. Then by 31st December 2018 CASH AND EQUIVALENTS was down to a derisory £27,059.

https://www.lse.co.uk/rns/RRR/half-year-report-dibgjqxbcwm3jgr.html

Then buried away in the 24 December 2019 Final results RNS (Red Rock's financial year ending 30 June 2019) it lists Red Rock had made some loans that were not paid back and therefore Red Rock impaired and wrote off those loans.

(1) Steelmin loans of £1.01 million = WRITTEN OFF!

(2) Amulet Diamonds loan of US$401,961 = WRITTEN OFF!

(3) Legacy hill resources loan of £267,983 = WRITTEN OFF!

https://www.lse.co.uk/rns/RRR/final-results-37mjmbcq2w19q5b.html

So Red Rock management lost £1.6 million of Red Rock cash on those non repaid loans. Of course subsequently RRR shareholders would have been brutally diluted by placements to make up for the above managements incompetence.

I will never understand the defending of Bell and Kaintz. All the Jupiter shares have since been sold. None of the above cash mentioned in the video now exists. Numerous fundraisings have since happened. And you still get some saying how indispensable Andrew Bell is and how he deserves to be paid. I find that unbelievable.

TDT says to Helpful:

"Given the frequency with which your predictions turn out to be wrong it seems you know even less"

...

A week or so ago i speedily looked through a couple of years of his posts and i can confirm what you say is correct.

Looking through his posts he has a familiar pattern. At one time every new project is worth a fortune and anybody who says different is most definately a troll.

I believe he said the Australian RRAL project was worth $24 million (WRONG!). Years ago he reckoned RRAL would soon IPO (WRONG!). Over two years ago he reckoned a JV partner would soon be coming in on the Kenyan Migori project (WRONG!). He calculated that Red Rock could get upwards of .....................(you will all fall off your seats when you see what he calculated)....................................................................... ....................(STRAIGHTJACKET PLEEEASE!!) ...

.$1.5 billion!!!!

Also saw a post when he wanted former big RRR shareholder 'Longterm' to buy him and his clients out of Red Rock.

Fast forward to today. Apparently he never really liked some of those projects. He now wants Red Rock to sell them off and instead concentrate on the Zimbabwe Lithium assett and the Burkina Faso asset (The projects he has personally invested in).

So based on his past form there is no absolutely surprise he now think the Zimbabwe project is worth an absolute fortune.

With this Zimbabwe Lithium project the Red Rock official RNS 's that talk about the project are to be honest pretty unexciting. I wouldn't even call them particularly rampy. Yes a few recent tweets but the last official RNS was way back in March and that was an unexciting read.

I have read some of the poster 'helpful's' Zimbabwe posts and i've seen him say Red Rock could get Zimbabwe income of over $400,000 a month and if ALR were offered around $50 million to buy them out he would personally turn that down. So that is all quite exciting. Yet Red Rock's Zimbabwe RNS's are non rampy and pretty unexciting.

When the Red Rock chairman posted on this forum over a week ago he wrote: "news will be announced in rnses - not through lse"

Helpful says: " It turns out the whole department was at an away day week in Bulawayo for a internal mining conference and so it didn't get issued, unless they picked it up late ish Friday"

Who told you the above?

Helpful says: " From ALR's sampling and what the local police say about the stockpiles it looks like the grade is very good"

Who spoke to the police about the stockpile grades?

Helpful says: " It turns out the whole department was at an away day week in Bulawayo for a internal mining conference and so it didn't get issued, unless they picked it up late ish Friday"

Who told you the above?

Helpful says: " From ALR's sampling and what the local police say about the stockpiles it looks like the grade is very good"

Who spoke to the police about the sample grades?

What is the nationality of PREMs George Roach. Zimbabwean? South African?

Specinvestor, so nothing before he went to drc about arbitration?

Different subject. For amusement. Since you've joined a mainly UK share forum, what have you found the difference personality wise between the UK shareholders and the Canadian shareholders? I'm going to guess and say you will say that the UK shareholders accept any losses very well and you have also noticed they are much more politer than the Canadian shareholders?

Over these past couple of weeks i've seen some posts on the other forum questioning what kind of arbitration happened in DRC last year. Asking where is the paperwork. Asking why they need the signature from VUP and why any monetary decision cannot be just enforced.

So i've looked at a couple of videos of proactive interviews of when last year he was going to the DRC (which later turned out to be for 8 weeks) and from 3 minute 40 seconds onwards in this very short interview he gives zero indication he is in the DRC for an arbitration. https://m.youtube.com/watch?v=hRJ04UI2pe0&pp=ygUVYW5kcmV3IGJlbGwgcHJvYWN0aXZl

I'm sure he originally said he wouldn't be returning to the UK without the money. So was the arbitration just made up to cover up for the fact that he failed and he would indeed be returning to the UK without the money?

If anybody has any links? where he says beforehand that he was going to the DRC for arbitration, then that would dispel the made up arbitration rumours.

Helpful , last week when talking about the $320,000 ALR external funding:

"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?"

I've seen some being optimistic about ALR but i have this feeling Helpful and associates will lose everything.

Sticking to RNS information maybe he can explain these bizarrely constructed loans that were mentioned in the 2019 final results RNS.

(1)"On 19 July 2018 the Company agreed to subscribe for 35,519 common shares in Amulet Diamond Corporation at a subscription price of US$2.76 per common share. The Company further subscribed to US$401,961 of shareholder loans. These shareholder loans are unsecured, non-interest bearing and have no fixed maturity or repayment date"

Q: This loan was later impaired. Why would you agree to give a loan that is unsecured, non-interest bearing and has no repayment date? What was your thought process? Surely you just gave this money away and dressed it up to be called a loan?

..........................

(2) " The Company also reviewed an outstanding loan of £267,983 made to Legacy Hill Resources Inc, a US based operator of metallurgical coal assets. Following discussions with Legacy Hill Resources, the view was taken that the Omega metallurgical coal mine, the sole asset of Legacy Hill Resources Inc, had ceased coal production and was unlikely to have residual value sufficient to pay off the loan, and so the decision was made to impair this loan in full"

Q: Legacy hill were your former company Regency mines JV partners. This JV project was nothing to do with Red Rock. There was no upside only downside on this loan because if the JV project failed the lenders lost everything.

So because at the time you were Ceo/Chairman of both RGM and Red Rock Resources you clearly made the decisions. So with no upside only downside for Red Rock why would you take £267,983 of Red Rock's money to loan it to Legacy hill? Your reckless decision lost Red Rock £267,983.

In my post i just wanted to use roulette colous red, black and green.

I hope this answers your questions. You forget people buy shares at differing prices.

Bell: "We welcome Mr Black's investment and would never try to dilute a shareholder. Rules of the game."

A very bizarre thing for Bell to say because if he hadn't done a share consolidation Red Rock would now have over 50 billion shares in issue.

Yes let's do roulette for this company:

(1) Will the winner be RED (rock management)?

(2) Will the winner be BLACK (William)?

(3) Or will it fall on Nought or GREEN (naive investors)?

Yes let's do roulette for this company:

(1) Will the winner be RED (rock)?

(2) Will the winner be BLACK (William)?

(3) Or will it fall on Nought or GREEN (naive investors)?

If those who are given inside information look like they are heading for disaster then what chance does the ordinary shareholder have?

So with Red Rock's end of year being 30 June it looks to me like Red Rock could issue those extra new shares before that date.

If true that wouldn't be good.

"Passage of the resolutions now presented is required (a) to enable Directors to meet specific existing

commitments to issue warrants in relation to recent fundraisings, amounting to £21,148.34

(b) to cover operational needs not funded from other sources. For this latter purpose the Company seeks a

general authority under both Section 551 and 569 of the Companies Act 2006 over up to an aggregate

nominal amount of £37,500 of new ordinary shares.

The general authority of £37,500 represents approximately 17.8 per cent. of the Company’s existing issued share capital"

.......

Looking at the above it seems AGGREGATE NOMINAL AMOUNT of £37,500 means they are trying to pass resolutions so they are able to issue 375 MILLON EXTRA SHARES.

The nominal value is 0.01p or one hundredth of 1p. So 10 million nominal value shares = £1000. 375 million nominal shares = £37,500.

With 2,106,034,761 shares presently in issue that would mean 17.8% would be close to 375 million.