Member Info for zumore

I'm a few months slow on this. 🥴 I didn't realise "Google lens" could translate a letter.

This may be of interest to some but here is Google Lens complete translation of the 21 Oct 2024 invite which is displayed in the below RRR twitter post.

https://x.com/RRR_RedRock/status/1848384250409623601

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

COMPLETE TRANSLATION:

https://x.com/RRR_RedRock/s

Democratic Republic of Congo

Presidency of the Republic

CIVIL HOUSE OF THE HEAD OF STATE

Kinshasa, October 21, 2024

Subject: Invitation for a business trip

A Monsieur Andrew BELL

Chairman and CEO

Redrock Resources in London, Great Britain

Dear Mr. BELL,

I have the honor to invite you to the Democratic

Republic of Congo for a two-week stay as part of negotiations for a partnership between your company and the civil house of the Head of State.

We ask the diplomatic

and consular authorities of the Democratic Republic of Congo to kindly grant you the necessary visas for your trip to our country.

Please accept, Mr. BELL, the assurance of

my full cooperation.

Antoine Kayisu Vuelu

Director of Sites and Estates

To add, in my opinion.

Red Rock scr*w over shareholders by lacking detail in official Red Rock RNS's because details in RNS's is the best chance of creating positive share price movement.

The irrelevant teasers in twitter posts, twitter broadcasts or Stockbox interviews are meaningless: because they are unofficial.

So to sum up: if Andrew Bell wants to have the best chance of creating share price improvement then you go into detail in official Red Rock RNS'S. You DO NOT go into detail via unofficial means. 👍

Specinvestor, I'm only putting this to you because I believe you recently mentioned it. But Andrew Bell says he will promptly corrects the market if something changes from what he says in an RNS.

Now in this 15 Jan RNS: https://www.lse.co.uk/rns/RRR/follow-up-drc-1j06fql3bc2se1z.html Andrew Bell announces the 22 Jan meeting but he gives very little detail.

However in the same day Stockbox interview: https://m.youtube.com/watch?v=XKwM7nbJeII&pp=ygURU3RvY2tib3ggcmVkIHJvY2s%3D

Andrew Bell goes into detail about the Director General of Gecamines is being summoned to this meeting and that is for one purpose, and that is because it will be Gecamines responsibility to pay out the money to the parties, and so the Director General of Gecamines is coming to this important meeting to receive instruction from the arbitrators on who to pay.

Now I think we can agree what Bell said about the director general of Gecamines coming to that meeting was price sensitive inside information? The problem is he didn't say it in an official Red Rock RNS, he said it in an unofficial Stockbox interview. So if the Gecamines director general didn't go to the meeting, Bell didn't have to inform investors via official RNS because he didn't say it in an official RNS.

The follow up 24th January and 29th January RNS's talks of PARTIES supplying additional supporting documents and 29th January RNS said: "The resumption of the arbitration by a scheduled meeting in order to conclude its work and arrange payments was held last week and briefly adjourned in case the parties wanted to take a last chance to reach agreement by themselves"

Again Bell misses out the vital information in these RNS's if one of the PARTIES involved in these discussions was Gecamines? If they were there involved in these discussions and that was stated in an RNS, then even for me my optimism for Red Rock recieving a share of $15 million would skyrocket.

To me if PARTIES discussing was only VUP and Red Rock then what is the point? you need the company Gecamines who have the $15 million involved in any discussions.

Surprisingly Bell said in a Stockbox interview a year or so ago his confidence on getting paid by Gecamines was what their representatives said in the first arbitration hearing in 2023. I find that utterly bizarre that in Bell's subsequent numerous visits to Congo, also via email and phone, Bell seems to have not been in contact with Gecamines.

No need to reply, I've just been rambling on and on.

I guess the point of this post, is Andrew Bell on purpose avoids going into detail in an official RNS. Some wrongly believe he is being helpful when he gives investors additional information in a twitter broadcast or an unofficial Stockbox interview. But he is not helpful because if something he says in those turns out not to be true then he doesn't need to correct the market via RNS because he didn't say those things in an official RNS.

Orslega, they are old links. So looking back at his old writings was very swift. 👍

And to be honest I think you are overreacting. I only went as far back as 1987. 😐

I think nobody denies that PREM are and have been an atrocious company for investors. Yet look in Lundy's profile and look at his 13 Oct 2023 20:01 post. At that time PREM seemed to have an £118 million MCAP and although I can't be sure, from his post he seems to be suggesting that Bell may have hinted in an interview that ALR was bigger than PREM.

So when the PREM market cap was big 'Helpful' had absolutely no problem using PREM to ramp RRR.

https://www.lse.co.uk/profiles/helpful/?page=196

Also on page 197 in his profile 'Helpful' seems to be responding to Orslega. Post 10 Oct 2023 11:03.

So Orslega seems to have been in RRR for quite a while. I thought he said he's only been in RRR for a few months?

Banbury I'm sure he only puts "DYOR" because he thinks legally it covers his back.

"The Kilmore Gold Project lies to the west of Southern Cross Gold's Sunday Creek gold project. Refer to Figure 1 which shows RRAL's Kilmore tenements with respect to Sunday Creek and the important geological trends as currently estimated.

The Kilmore Project is situated on RRAL tenements EL007329 and EL007460 which were approved on the 23rd of March 2020 and 24th of July 2023 respectively, with a 5-year initial term. Combined the tenements cover 800km2 of prospective ground within the Melbourne zone of Central Victoria. The tenement package includes the towns of Wallan, Romsey and Lancefield"

https://www.lse.co.uk/rns/RRR/update-on-burkina-faso-australia-and-drc-3kjbsrgudqljzk2.html

So from the above extract the important RRAL licence EL007329 Five year term would have ended on 23rd March 2025.

I cannot find the link but I recall in the final year of a 5 year licence term companies are required to spend a lot of money on the licence.

Banbury, there are hundreds of older posts from 'Helpful' that look totally embarrassing when you look at them today. Here is one example when he was telling posters how important Andrew Bell is to Red Rock. 🥴

On 29 Dec 2021 the Red Rock share price was 0.475p (almost half a pence).

This is poster "Helpful's post on that same date:

"You need your head examined not the major shareholders.

NBGC/RRAL is about to list. That needs doing; AB will be an NED. Nothing must get in the way of that being completed. He is the one that is pushing it through the system not Paul Johnson.

Migori is getting to the stage where we have a decent amount of drilling done and we should end up with an upgraded JORC. Migori is looking better for some corporate action: either selling it, JVing it or spinning it out. Again, AB is critical to that process. Whether AB likes it or not Migori is getting to the stage that it is too big for RRR to progress on its own. He thinks that there is up to 10mil ounces of gold at Migori: that will cost more than RRR can afford now or in the future. And that is regardless of Elephant Oil and NBGC/RRAL listing. Even if he sold the whole holding in Elephant and NBGC it still wouldn't fund the work at Migori. On top of that he has other stuff that needs funding.

But most important are the legals in DRC. AB has to stay in place to guide that through the DRC court system in respect of the VUP case and then deal with the Glencore case in due course. IMHO the likely outcome from these two cases for Red Rock is a multiple of the current market capitalisation. The next hearing in the VUP case is not far off. At the very least RRR should be due 50.1% of $20mil. However......

Is that the $20mil the full amount paid over by Glencore? Why would Gecamines get involved with a backdoor deal for VUP to benefit by $20mil? If Glencore was willing to pay $20mil via the backdoor what would they have been willing to pay via the front door?

Getting rid of AB now or in the short term is a recipe for the destruction of RRR's value. If we binned AB, who else is going to pick it up and make sure we come up with a decent result in DRC? AB is the one who has all the relationships, speaks French, knows all the parties involved, including the advisers, and was intimately involved with the JV discussions: the other are NEDs. What being an NED means, is that they pretty much don't get involved.

DYOR"

Quick correction to my last post regarding the Power Metals CLNs. I wrongly said Power Metals "managed to get out of their CLNs.

Those CLNs expired or ended on 19th December 2024. So once expired Red Rock would then have to pay Power Metals in cash anyway. 👍

Tale of three different CLNs

''Helpful's' CLNs seem to stem from 25 July 2022. 😳 No I am not kidding they date from that far back. 😳

......

Although they have yet to be paid 'Power Metals' have managed to get out of their Red Rock CLNs. The 11 Dec 2024 RRR RNS said: "The £250,000 convertible loan notes issued to the Company at Completion and expiring on 19 December 2024 will instead be repaid in cash on 19 March 2025"

......

Lastly there were also some other CLNs dated 19 Oct 2023:

https://www.lse.co.uk/rns/RRR/convertible-loan-note-issue-first-tranche-closing-qzek6lc9l9n9n0d.html

They were the one's that could be converted 15% under any £200,000 RRR placing price.

I recall 'Helpful' saying those CLNs were nothing to do with him. Well of course they wasn't because those CLNs were on much better terms than the one's he arranged.

Although the CLN conversion RNS didn't show on LSE, there was a CLN conversion RNS for some of those 19th Oct 2023 CLNs. It was dated 12 February 2024:

https://www.investegate.co.uk/announcement/rns/red-rock-resources--rrr/issue-of-equity-and-total-voting-rights/8032082

You would think the rest of those 19th Oct 2023 CLNs would have been repaid in cash. 👍

This is just an old 'Helpful' post that I had posted a few months back on this thread. 👍

https://www.lse.co.uk/profiles/helpful/?page=212

Helpful posted 7 Aug 2023, 10:31 am

"Banbury, how do you manage to get everything so wrong all the time?

So I am simultaneously seeking to ramp the share price and manipulating it for a lower share price? Weren't you and Dukey the ones telling me that the CLN holders were in a bind and had no good way out? I told you that the CLN owners were in a good position and there was no problem.

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.

What it does show is that you and the other trolls really don't understand what you are going on about.

The only reason for rolling over is because we expect good news in due course. It might be this week or it might next week and so on but it is not a year off.

If I was a cynical manipulator then I would have been deramping as hard as you and the other trolls.

The truth and reality is that the DRC cash has been expected for weeks, so has news on ALR and on Elephant: any one of those coming in and the share price would be higher. Those news items not coming in yet is reflected in the current share price.

DYOR"

The funny thing about 'Helpful' is ...........

he highly rates Andrew Bell. 😂😂🥴😂🥴😂😂

Specinvestor, you haven't asked for my viewpoint on the DRC situation but I will briefly give you my viewpoint.

Firstly I noticed in Bell's latest twitter video he did give some criticism of the DRC government. At around 4 minutes he said this about Congo:

"It's still a wonderful place to work, as long as you don't have to deal with the government too much."

https://x.com/ABell2019/status/1902309508770099240

......

Andrew Bell's Stockbox interviews often receive criticism but I think his last two (15 Jan + 31 Jan) were both very informative to investors. Particularly the 15th January Stockbox which was before the 22 January arbitration meeting: https://m.youtube.com/watch?v=XKwM7nbJeII&pp=ygURU3RvY2tib3ggcmVkIHJvY2s%3D

In the above interview I'm going to give Andrew the benefit of the doubt and say that he genuinely believed what he said in the interview.

He clearly thought that all his various meetings with DRC government officials had paid off. He thought the DRC officials had been busily working on the arbitration case and Andrew thought that the 22nd January meeting meant that everything had now been completed, everything had been prepared, and this 22nd January meeting was to give out the arbitration judgement and the arbitrators would then personally instruct the Director General of Gecamines on who to pay out the $15 million to.

Andrew couldn't have been more wrong because in his 31 January Stockbox interview https://m.youtube.com/watch?v=VWPceByoPGA&pp=ygURU3RvY2tib3ggcmVkIHJvY2s%3D

it was like Andrew had completely forgotten what he had said in his previous 15 January Stockbox interview.

In this 31 January interview Andrew Bell (at around 2 minute 40 seconds) talked about the 22 January meeting and said after a 29 month intermission the arbitrators were taking up the matter again in order to finish it.

So Andrew thought they had been busily working on the RRR arbitration case but they hadn't.

FINAL THOUGHTS:

So Andrew may now say that the DRC government officials are DEFINITELY working on the arbitration to quickly complete it. But Andrew may be wrong again. They may not be doing anything. In June it will be 3 years since the arbitration occured. I also feel if Gecamines intended the pay out the $15 million they could have done it years ago.

So I am not optimistic.

Richard Poulden in his PCGE days:

https://x.com/RPoulden/status/956252229496950784?p=v

French food recommendation? Just like in 1987. 😆

"Relaxation means a holiday in America or a trip round the Loire Valley, sampling French food and wine. As Stephen said: "I'd like to do that again only in a chauffeur driven Rolls-Royce Phantom V with a group of friends"

.....

If only you had a group of friends in 1987. 😂

Helpful said yesterday:

"VUP were suing Gecamines and Glencore jointly for the $15mil"

..

And what became of this?

It was later established that Gecamines (not Glencore subsidiary) owed the $15 million. Plus the RRR chairman told us that the Gecamines representatives gave assurances at the June 2022 arbitration that they would pay out this money when the arbitration judgement was made.

Even in recent months Andrew Bell has said on numerous occasions that Gecamines will be paying out any arbitration money. Then Bell drew back on the speed of any payment by saying because Gecamines are a DRC government owned company, that could mean an hold up in paying out if the DRC government were to use some of Gecamines money to buy weapons for the war.

Dukey, like robins said to you the other week, you shouldn't meet him. Why get yourself into trouble?

He is around 70 and you are much younger. I would guess virtually everybody on here who disapproves of how he posts on this thread, don't want you to visit him.

Bizarrely LSE partially censored "qu*ntessential".

the other day i did put that article into grok and part of its response was:

"the article paints a vivid picture of 1980s yuppie culture: ambition, conspicuous consumption, and unapologetic materialism, with stephen and his girlfriend as *****essential examples of success-driven "dinkys." given the date of the article, stephen would be approaching 69 today, march 16, 2025, if still alive—leaving one to wonder whether his bold predictions of multimillionaire status and early retirement came to fruition."

then it later pointed out:

"black monday, the 1987 global stock market crash, just months after the article’s publication, would later temper some of this exuberance, exposing the fragility of the yuppie dream for many."

Dukey, you'll have to copy and paste it yourself. I've had posts removed these past few days so I'm trying to avoid posting anything that could get removed.

In my profile it's the 28 September post. The first 3 paragraphs of the post are by me, so you can chop them out if you want. 👍

https://www.lse.co.uk/profiles/zumore/?page=15