Member Info for zumore

Damn! Lse have censored my thread title. They obviously don't allow people to type *****.

What did he say last time it would hit 2p? He said he would bite his **** off if it didn't. So I assume he honoured the bet and it's now gone.

What body part did he stake on his latest ramp?

I meant Christmas 2014.

Pity no edit function on lse.

When the El Limon sale dates were continually missed I can remember former thread regular rrrRRRrrr losing patience with Andrew Bell on twitter. rrrRRRrrr then offered Bell a £1000 bet that the El Limon sale wouldn't be completed by Christmas 2015. Bell accepted the bet.

Bell lost the bet. rrrRRRrrr said that Bell did quickly send him the £1000.

From part of the payment from the promissory note RRR invested $500,000 (Canadian dollars) in PARA and received 2,5 million PARA shares:
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/colombia-update/201806071422436885Q/

Did RRR sell those shares? If so how much money did they get when selling?

I will guess they were sold on the quiet but no RNS?

The sale to these particular buyers was announced in May 2014:. https://www.investegate.co.uk/red-rock-resources--rrr-/rns/proposed-sale-of-colombian-interests/201405130700239099G/

On the surface it initially didn't look too bad: (1) $2.5 million on completion of sale. (2). Year later $1.5 million prom note. (3) Then $1 million through royalties.

I recall the RRR price being around 0.27p when first announced.

Then throughout the next year the sale completion dates were missed..the deal got weaker and weaker until Bell agreed to receiving $3 million through royalties..there was also no longer any big first payment on completion of sale. Bell had agreed an utterly rubbish sale. In fact so rubbish that when the sale transaction was completed (I believe in May 2015) the RRR share price was down to 0.07p. So around 0.27p when sale first announced and 0.07p when sale completed. Pathetic!

Then quickly afterwards the incompetent Bell invested in Elephant oil and before you knew it the RRR price was down to 0.02p.

I always laugh when people call Bell a dealmaker. Yes a s*** dealmaker.

Wow Briarbank. You are persistent.

Don't tell me you still hold RGM shares?

D-Bar oil!

I remember when the Greenland asset sale was supposed to be nearing D-Bar was announced and their was an almighty ramp on that.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/resource-star-ltd---binding-term-sheet-signed/201308020854498257K/

The rampers had their calculators out working out how many tens of millions would be flowing in.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/resource-star-ltd-update/201309051548203523N/

RRR had almost 40% stake in Resource star (later called star striker). After many months of ramping I recall resource star announcing they wouldn't be completing the acquisition. Of course Andrew Bell and Red Rock never did RNS RRR shareholders that it was off. So typical of Bell.

31 July

https://www.iairgroup.com/en/investors-and-shareholders/financial-calendar/2020

https://www.morningstar.com/news/dow-jones/202007148047/airlines-shouldnt-rush-to-stop-losing-money

Sorry about those last few boring posts. I'll also apologise on Helpful's behalf

I'll finish on one last piece of boring info.

According to companies house Andrew Bell was born in February 1955. It says he was appointed to Red Rock in September 2004.

So he was appointed to Red Rock when he was 49 years old and now he's 65 years old. So he's been at Red Rock in his 40s, 50s and his 60s.

For most shareholders he's been an absolute disaster.

So for those who are believing that after 16 years Bell will all of a sudden become good. You are deluding yourself.

I was somewhat correct. He was already on 2% in 2017 but then an holding RNS was released to say he had gone up to 14%; lower in the same RNS it was announced MTR had gone from 64 million RRR shares to zero.

So he had acquired most of them from MTR.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/holding-s--in-company/201709221204225854R/

Title should have read "must have" not "must of"

I may be wrong but I think he first came into RRR when he bought all of Metal tigers Red Rock shares.

When I read the BAbetrayal hashtag, the responses on MP Hugh Merriman twitter, i read pure hatred aimed towards BA. Amazingly most of those posts are from BA staff. They show absolute bile towards them campaigning for them to lose landing slots.

So zero sympathy from me. I would hate somebody to work for me if they hated my company so much.

I guess some would conclude (which won't help prices) that the police are trying to put pressure on the government to reclose pubs. Here's a couple of tweets:

https://mobile.twitter.com/PFEW_Chair/status/1279582737821847553

https://mobile.twitter.com/PFEW_HQ/status/1279765153953787904

One possible explanation, when the police chief said at the weekend that drunks couldn't socially distance.

Most media ran with that story. So it does kind of put pressure on the government because if a spike were to happen and pubs were blamed then the government couldn't act surprised because the police warned them.

"I'll be publishing a list of 'Air Bridge' countries today in time for summer holidays - removing the need to quarantine for 14 days from specific destinations where the virus is under control and arrangements "

https://mobile.twitter.com/grantshapps/status/1278939259936923648

When in March 2018 Luke1 said to Mr Magic:

"You are correct though in calling me old bean, a term I rather like as I am old and long-retired and barely have a bean ! That is until Regency multi-bags hopefully now sooner than expected ? Go on Mr M buy some whilst they are cheap at a halfpenny and I will buy you a drink at the 1p party I shall organise ! Cheers"
..........
Because of the recent 1-100 RGM share consolidation, the 0.5p share price that Luke1 tried to persuade Mr Magic to buy RGM share at (back in March 2018), would actually be equivalent to 50p price today.

So an utterly dreadful company. And the sad thing is, at this very moment I believe Scott Kaintz is doing a question and evasive answer session, no doubt talking about blue sky potential (in translation that means pie in the sky potential). So no doubt lots of dreamers will be getting suckered again.

unbelievably I see that Neil Howell (or lse's Luke1) is still in this hellhole. He's been in RGM for well over a decade and he's lost fortunes.

The other week he posted on twitter:. "Hope you are right Doc ! About the expected price hike not your diet !! Ha cheers . I am in here massively deep at £285k so need it !"

https://mobile.twitter.com/GBennettr2/status/1268533854639460353

Of course only worth a few thousand now. That £285,000 has long long gone.

I genuinely feel sorry for the guy. He's around 80 years old and he just keeps peeing his dwindling money away in RGM. He's like Stephen Pearce, but older. Everybody over the years has tried to help them but that justs triggers them to pile more money into RGM. Alas they cannot be helped.

He hasn't posted for a while on lse. Looking at his old posts, he blames derampers, never the management. I guess that's why he piles more and more into RGM.

https://www.lse.co.uk/profiles/luke1/