African Battery Metals Share Discussion Threads

[alexios1201] 21/2/2019 09:54

Mcap is £1.8M at 0.5p363m shares in issue

[johncasey] 21/2/2019 09:48

paul johnson on board so things might start happening now

[johncasey] 21/2/2019 09:45

valued at about £0.7m

[johncasey] 21/2/2019 09:43

market cap below cash raised so bought for a lucky punt

[torp] 20/2/2019 14:39

If so I guess they couldn't afford much. School kids could do better imho.

[kemche] 20/2/2019 14:35

Torp, I believe that is why Deacon and Noirua may have been employed, to encourage the simpletons.

[torp] 20/2/2019 14:32

All just a game to these people, meanwhile real people lose £000s.

With the devastating results and share price destruction Bell & Co have metered out with both RRR and RGM I will be surprised if anyone touches ABM now with him at the helm. DYOR.

[kemche] 20/2/2019 14:29

The ideal scenario of course would be to set up 10 companies, move the cash around via incestuous shareholdings and get each to pay circa £800k in wages and "expenses" and he will be clearing £8m a year!

[kemche] 20/2/2019 14:27

Good idea Noirua. No one wanted to pick up the poisoned chalice at RGM therefore move some money over to RGM so that they can pay the wages and expenses of the board there. I wonder whether Bell has thought of that ruse?

[kemche] 20/2/2019 14:23

Noirua, Do you keep a straight face when you write such stuff?

[noirua] 20/2/2019 14:05

May take a short while longer for new buyers and reluctant sellers to depart. I suppose buying as close as possible to 0.5p, the same as new investors, should work out well.
Cash levels look fine so no risk of a placing. Interesting to see what moves are made principally by AB and PJ.

Just a thought; RGM and RRR have some similar investments and directors heading off to the same areas in three different companies does not make all that much sense. Maybe some swapping around of interests may be wise.
Expect some moves to be made as RRR and ABM have cash reserves and RGM coffers are all but dry.
The way to go is clear and I wonder if they will follow the clever path I'm thinking of to benefit all three.

[aidenabettin] 19/2/2019 14:50

Glencore PLC plans to curb production at one of its biggest copper and cobalt mining operations, Mutanda Mining Sarl in Congo, according to people familiar with the matter, potentially taking a sizable portion of two important industrial metals out of circulation

[torp] 18/2/2019 23:48

Bell will turn it into a confetti printing machine imho.

If he had a shred of decency he would forego all salaries until he turns a profit.

Didn't happen with RRR and RGM though. Just kept raising £millions and £millions via placings and kept taking salary and kept expending silly amounts on Admin and other expenses.

Here's Bell's performance at RRR:

Loss made and monies raised via confetti issues

2012 - Loss of £1,962,882 - raised £4,441,844
2013 - Loss of £22,105,562 - raised £4,103,795
2014 - Loss of £4,113,460 - raised £2,723,861
2015 - Loss of £8,411,541 - raised £2,327,377
2016 - Loss of £283,280 - raised £1,155,323
2017 - Loss of £1,114,213 - raised £300,000
Total Raised - £15,052,200

Phenomenal amount of cash raised. Company today languishes with a £3m-£4m MCAP

SP has been devastated

[escapetohome] 18/2/2019 22:58

How one earth in a trillion billion years x 10 power of infinity did this company get so much as one billionth of a halfpenny.

This dog should have been put down eons ago.

A con.

[the deacon] 18/2/2019 21:54

Lol, yet this one actually is involved in 'African' 'battery' 'metals'...

[the deacon] 18/2/2019 17:46

If he's unhappy Torp, he could take a seat on the board with a 10%+ stake. He trades a few of his holding, simple as that..

[torp] 18/2/2019 17:40

Hark at the lackies playing the man rather than the ball. QED, they have nothing to offer here except lame stock pumping quips. The facts absolutely speak for themselves. Bell has been a disaster at RRR and RGM. That's not a view purely of mine but the view of past significant shareholders like Daniel Sklan who held over 13% of RRR. Doubtless Peter Gyllenhammar will also have something to say once he finishes dumping his 11% holding, if indeed he is going to dump it all.

RRR and RGM have, imho, been run as pure lifestyle outfits for the BOD. Raising endless cash via dilutive placings to pay salaries and expenses. The history is all there to be read in the RNSs. I have no doubt he will keep issuing the confetti here in similar style. Caveat Emptor. DYOR.

[the deacon] 18/2/2019 17:24

Yup. Anyome looking in here needs to understand that Torp, and his other I.D.'s gambled his money away and has blamed Andrew Bell for his own decisions ever since. He's a bit of a sad sack really, continuing to post on any stock that Bell has an involvement in. Just move on Torp. If you can get over your Bell obsession you might actually make some money back..

[noirua] 18/2/2019 17:02

Only invest a small amount of money in a micro-cap mining or resources company. If it's only a 1% or so then we don't get so upset if the gamble goes wrong, like Torp.

[torp] 18/2/2019 16:45

Noirua - "Difficult call but the only way is to average right down"

LMAO. The shameless ramper from RRR basically making an appeal to punters to "Please please buy the shares"

Shocking individual

Bell has destroyed the shareholder value at both RRR and RGM where he has presided over years of relentless dilution, issuing shares like confetti. I have no doubts he will do the same here. Averaging down in RRR and RGM has been catastrophic for most I'm sure as the share price just continued to tank on each successive placing.

The rampers like Noirua et al will simply feed "jam tomorrow" BS which they are well known for. Be sure to DYOR.

Here are the charts for RRR and RGM which highlight what this CEO did there:

RRR Historical Chart:




RGM Historical Chart:

[noirua] 18/2/2019 14:04

I hope long term holders get some of their money back here. Difficult call but the only way is to average right down. Probably a reasonable company now with cash making up 44% of the market cap at 0.625p a share.

Shares in issue are 363,038,101 x 0.625p a share = £2,268,988 market cap.








Exploration activities:





Update on activities:
VOX Markets podcast:

[the deacon] 18/2/2019 13:57

PJ taking control should result in plenty of newsflow going forward.

[excellance] 18/2/2019 13:34

its effectively a reverse takeover, i said so months ago, so this was always going to happen to increase the holding of the real owners and bring funding.

[the deacon] 18/2/2019 11:20

Won't be long before people here relapse your obsession with AB too. Hoe long ago was it that he turned you down? You know he's a married man, don't you?