Member Info for zumore

If this share price is near 0.90p come December in my opinion the CLN holders will have no choice but to convert.

By then the £830,000 CLNs would have gained 12% interest, so with 12% interest that would mean near £930,000 CLNs would be owed and could be converted into 0.60p shares.

I just cannot believe the CLN holders would just let the CLNs expire because that would mean RRR would still owe them £930,000 and they would no longer be able to convert that £930,000 into 0.60p Red Rock shares.

On the other hand if the share price was 0.90p in December and the CLN holders converted £930,000 into 0.60p shares then that would be like having £1.395,000 in Red Rock shares. So if the Red Rock share price remains high they most definitely will be converting.

Though if it were me I would be converting now. I would want to convert and start selling before poster 'Longterm' started selling his £330,000 in Red Rock shares. Also I would be converting and selling before all the other Red Rock dilution started.

Tom W*nnifrith's (good friend of Andrew Bell) is a supporter of Red Rock but Gary Newman who writes for sh*repr*phets is most definitely not a fan of Red Rock or Andrew Bell.

Yesterday he tweeted:

"I’m surprised to see #RRR being so popular at the moment personally wouldn’t touch it, and even more so with Bell in charge!"

"Maybe I’ll be proven wrong - although I can remember the days when RRR traded at 18p prior to their mine suffering flooding! I’m not convinced that all these small resource cos will do as well as people think either. Aside from Bell’s track record"

"I suppose it also comes down to how bullish you are on gold and how far you think this current Aussie ‘gold rush’ will go"

"I’m also wary of the involvement of Paul Johnson (POW) in the JV, as neither of them exactly has a great track record of things ending well for shareholders. I wish you the best of luck with it though and am happy to be proven wrong longer term"

https://mobile.twitter.com/GaryNTrader/status/1305492444323229696

Don't really watch much TV but doesn't that bald headed guy called Dom do a show about people getting overcharged?

"Spent £7000 today. I didn't realize it would have only cost me £1000 at the beginning of April"

£70,000 spent on Red Rock shares today. Would've only cost you £10,000 at the beginning of April.

£7000 buying Red Rock shares today could have been bought for £1000 at the beginning of April.

If your calculations are near correct from the other day then yes it looks like Red Rock's JMS holding is getting smaller.

It may frustrate some but it seems Bell's preferred method of reporting these days is to only mention the value of Red Rocks JMS shareholding. In the 8th July RNS he updated in the same way.

https://www.lse.co.uk/rns/RRR/update-on-jupiter-mines-iron-ore-projects-svfuldnmy96ch4e.html

Mr Magic, when I say it was "sufficient". When most investors hold shares in a company they look at its value and not by the specific number of shares held. In RNS the present approximate value was given. So an update and sufficient.

Mr Magic in Red Rock's rns from the other day, Red Rock giving just the approximate value of their Jupiter holding was in my opinion sufficient.

Matter of interest why are you asking Stephen Lundy (aka Helpful) how many Jupiter shares Red Rock own?
Also why are you asking him if more JMS shares have been dumped on the sly? Do you think he's getting inside info and he'll know?

Also what if he had answered you tonight and said "0 shares" maybe "1 million" maybe "5 million" maybe "10 million"

Of course it didn't happen but everyone of those figures would have been considered price sensitive inside information. You agree or don't agree?

Firstly Mr Magic I'm saying this tongue in cheek. So don't take this the wrong way.

But are you suggesting poster Helpful has been given price sensitive inside information that other ordinary PIs don't know?

Final point on Red Rock CLNs.

If many PIs are willing to take part in a placing if they get 10% discounted shares then why would the RRR CLN holders refuse to convert and get 0.60p shares which would be around 50% discount?

They've even been made into small £1000 loan notes so they don't have to convert them all at once.

I didn't say anything about forward selling. I would assume if CLNs are converted it would take a few days to get shares.

So best get converting now. Only just over 3 months before these CLNs expire.

So if you are an investment banker. Why is your ramping style:

"I think it'll go up today"

"Mr Magic where are you. It's up"

"This could rise"

You have the ramping ability of a newbie.

CLN holders don't take notice of Longterm.

CLN holder can wait just over three months until the loan notes expire. Then then would have gained an additional 3% interest. Or they can quickly convert them into 0.60p shares then try to bank a probable over 40% profit .

It's a no brainer decision.

Very good news the share price is rising because once again CLN holders can convert loan notes and get 0.60p shares. Then they can sell and bank a nice big profit.

It seems patience as paid off for them.

I don't think lse allow links to Winnifrith sites. So this link might not work. Here those photos of Bell taking care of Winnifriths olives.

https://www.tomwinnifrith.com/articles/14236/photo-article-from-the-greek-hovel-the-olive-harvest-underway-andrew-bell-in-action

Probably rising because Tom Winnifrith is help promoting RRR.

Andrew Bell and Tom Winnifrith are great friends. I think many of us have seen those photos of Andrew Bell taking care of Tom Winnifrith s olives.

So I guess Winnifrith is repaying the favour.

Also Mr Magic I think you and I see the poster Helpful completely differently.

I see him as a Mish mash of differing things which to me just aren't compatible.

(1). He said he arranged with Red Rock a loan note and got his clients to lend Red Rock near a million. So I guess look at him like a mini YA global.

(2). He also plonks himself on this Red Rock thread making hundreds of promotional posts a month. It's bizarre that a big company lender should do this. Does Red Rock reward him in some way for doing this? If so then that would mean Red Rock are employing him for his services.

(3). He also says he personally owns Red Rock shares. If Red Rock does employ him to promote RRR then does he have restrictions on when he can and when he can't sell his personal Red Rock shares?

(4). In the past he's said that he influenced the decision of a big RRR shareholder against them taking RRR private. So it makes me wonder does he also advise the big loan note holders if they should convert their loan notes into Red Rock shares.

I mean he owns Red Rock shares. So he wouldn't want a big loan note holder converting and crushing the share price of the shares that he personally owns. To me it's absolutely bizarre that no loan note holder converted when they could have sold for 50% profits.

Of course may not be true. But representing Red Rock interests, your own interests + big shareholder/loan note holder interests, simply isn't compatible. It's murky.

Reg there must be site problems because I can no longer see your post.

I think you misunderstand because I want everything listed in this company timetable https://mobile.twitter.com/CraigAIMTrading/status/1298194036541591559/photo/1 to be reached on time.

How about that for a positive post. :)

Just checked my last three posts Mr Magic. There is nothing wrong with them.

Also insider info in the wrong hands can be considered very illegal. Google it.

Simple example. Somebody gets inside information that a loan note holder is about to convert £400,000 into heavily discounted 0.60p shares. With that information they decide the price will drop so they quickly sell their own shares before the £400,000 cln conversion is RNSed.

I think most ordinary shareholders would consider that dodgy as f***
.....

I recall a few years ago shareholders for weeks were buying into a company that they all thought looked massively undervalued. Though strangely the share price kept falling.
Much to the surprise of those ordinary shareholders it was announced that the share was suspended and they would delist.
Clearly the institutions were being given the inside info and they were selling whilst the naive ordinary shareholders were foolishly buying in.

I bet most thought that to be crooked as hell as well

And I recall Mr Magic putting up some post and in that post the poster 'helpful' had said that a big RRR shareholder wanted to take Red Rock private but he and others said "no".

The point is he (helpful) obviously has some control over certain big RRR shareholders. But at the same time he seems to offer his services to Red Rock and seems privy to certain RRR inside information.

So seems a total conflict and doesn't seem that legal to me.