Member Info for zumore

"Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018.

The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a $50,000 payment, leaving Red Rock with a 100% interest.

In the event of a renewal or reissue of licenses covering the Assets the Company will WITHIN 3 MONTHS make FURTHER PAYMENTS, subject to such renewal or resissue not being on unduly onerous terms, as follows:

(1) $2.5m payable in cash

(2) $1m promissory note payable 15 months after issue

(3) £500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue"

https://www.lse.co.uk/rns/RRR/progress-report-african-exploration-assets-5s1il4w8nfrg1yr.html
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That's an huge monetary commitment for such a small AIM company like RRR.
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None of us know what big promises (regarding the Kenyan gold asset) Andrew Bell gave the Kenyan mining ministry. You would imagine Red Rock have given big promises, so RRR will have to work speedily and spend big in Kenya. If not it could be all taken away again.

It will be interesting where RRR will find all this money from, that they will soon need.

off this thread. If I was him I would be telling you to *iss off!

It's not a Red Rock Resources company owned thread. Admin have said plenty of times in the past these thread allow all views about a company.

Red Rock Resources have been listed around 15 years on AIM. So if people want to bring up some of Red Rock Resources dreadful past then this thread is the correct place to post it.

So that is aimed at the whingers like Longterm, Helpful and others.

By the way Longterm weren't you the poster 'Pangea'? Who joined in June, specifically to whinge about Mr Magic posting on this thread? Like you he was saying he was a big RRR shareholder and like you he was constantly whinging about Mr Magic. And I've just looked into Mr Magics recent post history and it was mid June this year when Mr Magic pointed out that the whinging poster 'Pangea' lse account had disappeared, or most probably banned.

Red Rock Resources is overvalued. But if you lie like you do on this thread then maybe this price will go higher.

I haven't got time at the moment but later on I'll put up a few of your scamming posts that are obviously done with the intention of getting naive investors to invest in this dreadful company.

And if you are a paid plant by Red Rock, and your intention is to mislead, then in my opinion you should be stuck behind bars.

Hawaii, post the link to your H*tl*r RGM parody video that you made. We need a laugh.

Mr Magic, unfortunately the pumpers are all over this. Looking on the hashtag I see that the notorious ramper Crypto Michelle has announced she's in this.

Like Isdeer said when the pumpers go sailing off in profit many gullible newbies with be left stranded in this with big losses. Then you will get crcl ramper doc holiday saying on his podcast "the market is designed to take your money folks". He means the gang of rampers pray on newbie investors and the market is designed for the newbie and gullibles to make the rampers money.

https://www.ccn.com/did-robinhood-investors-buy-tiziana-tlsa-thinking-tesla/

Ticker CRCL is very similar to CCL.

Is this share price rising because many of you think you have invested in a big cruise ship company?

In my 10.34am post I made a mistake.

I incorrectly said that the proactive piece was a Scott Kaintz interview but it's not it's just a paid promotion article written by proactive with small Kaintz quotes added to the article.

Then I wrongly said it was a Scott Kaintz quote.. but it wasn't it was just the proactive journalist giving his opinion. And I'm guessing that [SD1] at the bottom of the article was just a reminder to the journalist to put whether that £2 to £3 million was supposed to be per annum. So I'm guessing that note at the bottom wasn't meant to be in the final promotion article.

So yeah I made some mistakes in that post. I guess I posted too quickly without reading it correctly.

I won't be overly harsh on myself because a few inaccuracies after a few thousand posts is not too bad.:)

Helpful says: "The Mineral Rights Board recommended in September 2019 that the licences be reissued to RRR: it is on the Kenyan Mining Cadastre"
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Yes but Bell said in his Sept 2019 Proactive interview that the mineral right board recommendation was purely advisory and the Kenyan mining minister could ignore that advice if he so wished. So with a year almost passed, at what time point do we conclude that he has ignored their advice?

Though of course none of us know if Bell has made outlandish promises in his meetings with the Kenyan government. What we do know (from this RNS) https://www.investegate.co.uk/red-rock-resources--rrr-/rns/progress-report---african-exploration-assets/201806150700024789R/ is that if licences are reissued or renewed then RRR will be paying Kansai an initial $2.5 million in cash. So maybe AB has promised the Kenyan government that if licences are renewed then Red Rock will work at lightning breakneck speed to turn Migori into a producing gold mine. So I guess if he's made outlandish promises to them then licences could well be returned.

Of course if outlandish promises were just outlandish lies then licences would be quickly taken away again.

So if licences are returned I wouldn't celebrate too much.

Always be wary when a company mentions big numbers. Often naive investors pile in wrongly thinking those numbers mean profits. They don't.

Case in point. At RGM (now Corcel) a couple of years back RGM invested near 50/50 in a US coal operation. Some investors went giddy with excitement because it was pointed out that in the previous year this coal operation had $38 million in revenues. But RGM management (Bell and Scott Kaintz) sidestepped whether it was profit making. Within months it was an absolute failure and the coal investment written off.

So be VERY wary if Kaintz or for that matter Parsons talks big numbers. They don't mean profits.

In Kaintz interview with Doc holiday from a month or two back he stressed to Doc that there was little money to be made from peaker plants. If you can't find the interview then ask Doc to repost it.

In this recent written proactive investors https://www.proactiveinvestors.co.uk/companies/amp/news/926375 interview Kaintz says:

"At the moment it’s a little difficult to predict just exactly what that cashflow will be, but at the EBITDA level, earnings of between £2mln and £3mln per year might [SD1] be typical for the current projects under consideration"

You'll notice proactive put [SD1]. Then proactive make an additional comment at the bottom of the article because they think Kaintz was being unclear. They say:

"[SD1]Might be worth stating if this is per annum or for the life of the project"
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Kaintz can say in the interview that this is a new company but it most certainly isn't. It would be like an ex bank robber (like Brokerman Dan) changing his name and then thinking he is a new person.

Lastly many investors think Parsons is a right old c*n""n but always remember Scott Kaintz mentor was the notorious Andrew Bell. Kaintz worked with Bell at both RRR and RGM for 10 years. Bell learnt him how to navigate AIM. So when Kaintz tells you something always remember that the notorious Andrew Bell taught him nearly everything.

There is absolutely nothing of worth here.

Though the problem for those who use James Parsons for the dissuader not to buy into this company, is that former RGM chairman/CEO Andrew Bell wipes the floor with Parsons. Bell was here for 15 years..was a mass dilutor, incompetent, sh** beyond belief, was a garbage promoter, an absolute li**. So if Parsons has the slightest ramp ability long term holders will see Parsons as an upgrade on former chairman Bell.

Andrew Bell has been stinking AIM out for 15 years. Mostly everybody knew of him. So most rampers would never have invested in RGM because of him.

So those who use James Parson's to dissuade people investing here. I doubt it will work because the positively garbage Andrew Bell was here before him.

Like you Mr Magic I can't recall seeing any holding RNSes to announce 1620 capital were selling their RRR shares.

This was the 1st Feb 2019 RNS to announce that 1620 Capital held 11.55%:. https://www.lse.co.uk/rns/RRR/holdings-in-company-6k4g5r4kx0jpdgc.html

Yes Cgull, I remember those photos, especially that unflattering one of Bell sleeping. Pretty sure it was Boardman who took that photo because I first recall seeing it on his now deleted boardo65 twitter account.

This guy on twitter has been digging on Boardman:. https://mobile.twitter.com/stockswami/status/1271944127454703617

By February 2019 Jason Brewer and John Boardman's 1620 Capital held over 11% in Red Rock. Both were always on twitter boosting Bell's ego, pumping RRR and telling Bell what a wonderful DRC asset that they had sold him. They were always promoting RRR. They also appeared to always be with him when he visited the DRC.

I can now no longer see any 1620 Capital shareholding in RRR. It seems everybody has gone. Left AB alone with his (worthless) asset.

Helpful, was you friends with John Boardman? Or as his friends called him, boardo.

Here's the details: https://hotcopper.com.au/threads/ann-becoming-a-substantial-holder.4861516/page-133

If I recall correctly Jason Brewer and John Boardman sold the DRC assets to RRR. They were involved with 1620 Capital who were given over 10% shares in RRR.

Both Boardman and Brewer often accompanied Bell when he went to the DRC. Boardman on his now deleted twitter often used to pump RRR. Also Jason Brewers twitter has now also disappeared. Though not surprising because his asx company WFE have now delisted.

From what I've read Brewer and Boardman fell out. Neither may now not be involved with 1620 Capital. This may be a problem for RRR because on visits to DRC either Boardman or Brewer would chaperone Bell and show him the ropes. So with them no longer around will Bell lose interest in DRC?

But the thing is Bell won't be selling Red Rocks POW shares because he's also chairman at POW. Of course the correct decision would be to sell them because after Paul Johnson successful ramping the POW share price has risen dramatically and the POW mcap is a now overvalued £9 million. But Andrew Bell won't be selling Red Rock's POW shares because he has a conflict of interest.

It's rather like somebody who bought lots of gold and silver a few years back and they are now watching the prices skyrocket but they are not selling. Instead they will do nothing and just watch the price eventually fall again.

So RRR should definitely cash in on its POW profits. But Bell won't.

Well kind of a first poster. This looks like an old thread from a company that got suspended. So could be a bad omen to start the new name on this thread.

from 2015:. https://m.youtube.com/watch?v=ktKeoqqNBDI

You can see back then that the Kenyan mining minister Najib Balala was positively scathing in Red Rock's abilities, saying that the £500,000 that Red Rock had just raised was peanuts and was insufficient for exploration work and they couldn't even build a tiny mine with that small amount of money.

Also notice in video were he says RRR will have to prove that they have the money to get major exploration done and a mine built.

So even though a certain person on this thread makes out it's just a simple process of the Kenyan government signing off the final piece of paperwork. I actually suspect Red Rock first have to prove they aren't just time wasters and that means proving that they have the money to build a mine.

Also notice in the video they mention Kansai mining. Look at this June 2018 RNS and all the money RRR said they would pay them if licences were renewed or reissued. https://www.investegate.co.uk/red-rock-resources--rrr-/rns/progress-report---african-exploration-assets/201806150700024789R/

Everybody can watch the video, read the RNS. I don't think it's a certainty as "helpful" makes out.

Mr Magic says: "Still trotting out the same "jam tomorrow" BS. The El Limon royalty is paltry as you well know and will take countless years to recoup the $3m owed there. Why do you persist in trying to pull the wool over the eyes of readers here on that?"
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Mr Magic on Helpful's twitter the other day he posted this about El Limon:

https://mobile.twitter.com/KAi54849317/status/1288222428930465796

This RGM tweet https://mobile.twitter.com/Regency_Mines/status/1290950784549564417 and all their hashtags

#changeofname
#day1
#freshstart
#newday
#bringiton

So it seems everybody is correct who says that RGM are only changing their name to hide their stinking past, then with new name trying to pretend that they are a new company.

I like this twitter pic by Chris https://mobile.twitter.com/chrisjparrish/status/1290899969210290176 . It says you can try to disguise yourself but we still know who you are.