Red Rock Resources Share Discussion Threads

[kemche] 26/9/2024 13:56

It's all about Lemon now. Thank god.

[noirua] 26/9/2024 13:28

Soma Gold Mobilizes Surface Drill Rig To The El Limon Mine, Zaragoza, Antioquia, Colombia
VANCOUVER, BC, Sept. 26, 2024 /CNW/

[kemche] 26/9/2024 12:28

Many HNW individuals have invested here in the past and every one of them has left being a LNW individual.

[kemche] 26/9/2024 12:23

"Is this poster Bell?" You cannot say that else you will have to lawyer up.

"The Directors should be paying in -- not taking out !!" It's as though 1w doesn't know Ettie a all. 21 years should tell you that it's all about shareholder returns and not the Porterhouse Blues.

RRR are in a very good place and should only be judged by their exports.

[1waving] 26/9/2024 09:43

.
RRR website
Major Shareholders (as at 1 August 2024)

Red Rock Resources Plc Share Incentive Plan – 161,823,807 3.38%


---------------

Bit of spare cash there --- no way have RRR performed, quite the opposite.
The Directors should be paying in -- not taking out !!

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[aimdogs] 26/9/2024 05:54

'atinos auntie ettie'

Is this poster Bell?

[digger2779] 25/9/2024 15:53

Noirua25 Sep '24 - 12:01 - 18838 of 18846 - oops. Sorry I'm getting confused in my old age. It's Colin Bell who is Executive Chairman of BZT. They are much of a muchness when it comes to lifestyles. I must learn to stay out of the sun. Have edited my previous post.

[kemche] 25/9/2024 15:25

As always I shall be voting a resounding yes after all the shareholder value that Ettie has delivered over 21 years. The man has to eat FFS and there is no need to be mean. It's only money after all.

[1waving] 25/9/2024 15:19

Mr B

I am voting NO to both resolutions

That is the motion to enlarge the Share Capital and the motion to issue shares, as many, as and when the Directors want, without any shareholder control.

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[mrblobbythe2nd] 25/9/2024 15:09

According to Lundy (Helpful on LSE) Auntie Ettie is not Bell, says he has asked him outright numerous times.

The above is relevant as only a few days before the GM RNS Auntie Ettie was suggesting folks should buy the shares and reap the rewards, what does Ettie say now one wonders?

A few are starting to see the wood from the trees, some are openly posting they will vote NO to the resolutions, of course Bell seemingly has the 'major shareholders' in his pocket, how does he do that one wonders, so it is likely the resolutions will pass.

DRC money, what DRC money !



N.B.

Oh before I forget - William Black (major RRR shareholder) is now playing around with Woodbois equity, probably trying to recover his significant losses here.

[ih_417323] 25/9/2024 14:54

That £1,000,000 will get burnt fast enough on 'Admin', Flights, Hotels, Meals, staff wages etc etc

Plus the high chance of some ill-fated hair-brained 'deal' coming in of course.

Asset sales are a-looming. And it's gonna be the only decent potential assets this company has got, because nothing else is worth much if anything.

[1waving] 25/9/2024 12:07

Found the Form of Proxy on the rrr website using a search.

Here are the only 2 resolutions ---

ORDINARY RESOLUTION For Against Vote Withheld

1. To authorise the Directors to allot equity securities up to a maximum
aggregate nominal value of £250,000.

SPECIAL RESOLUTION
2. To disapply pre-emption rights up to a maximum aggregate nominal value
of £250,000.


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[1waving] 25/9/2024 11:56

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Has anyone seen the Form of Proxy yet, can't see it on the rrr website.

Anyone got a link or a copy to post?

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[kemche] 25/9/2024 11:19

Watch the BOD wade in at the forthcoming fundraising. That will disprove all the naysayers. Or the "nay nays" as Ritalin boy would say.

[1waving] 25/9/2024 11:10

.
Noirua.
I totally agree.
The Directors should put their money where their mouth is.
A Directors Loan should be pursued before any more dilution for shareholders. That would be the best backstop by far.

I think it is time that the Chairman should be sacked if arranging finance, other than yet more dilution, is not applied.

The shareholders have been massacred with what must be well over a hundred dilutive share issues.

Time for the Directors to put THEIR money where their mouth is, or leave.

Vote against resolution and put the Directors on the spot.

Time for Bell to put his hand in his pocket or leave.

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[noirua] 25/9/2024 11:01

digger2779 - I can't find anything concerning BZT and Mr Andrew Bell. He is not a Director at
the company and is not listed as a shareholder. However, it would be
interesting to see something you have confirming his £35k purchase of BZT shares.

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25 Sep '24 - 11:16 - 18836 of 18838
0 0 0
1waving - unfortunately Bell will issue shares with impunity regardless of when the DRC cash arrives if it ever does.
He put his hand in his pocket fairly recently at BZT buying 135 million which cost him about £35k but has not done the same here to my knowledge.
Unfortunately the selling here tells the story. Forward selling to pick up cheaper for when the confetti cannon is fired.

[noirua] 25/9/2024 10:28

Instead of a placing the Directors and Management could easily lend to Red Rock Resources
in the certainty, money will eventually arrive for DRC, NBGC, El Limon, and Elephant Oil as they say.

Of course, if they do not believe what they are saying and reporting to shareholders they would not
dare to lend money at a low interest rate. Their preference as directors is to get Free Shares every Spring.

Because the Directors and Managers are reluctant to put up their own cash shareholders
might well do better by voting against issuing more shares thus denying a placing.

A case for Directors to put up or shut up.

[digger2779] 25/9/2024 10:16

1waving - unfortunately Bell will issue shares with impunity regardless of when the DRC cash arrives if it ever does.

Unfortunately the selling here tells the story. Forward selling to pick up cheaper for when the confetti cannon is fired.

Edited

[1waving] 25/9/2024 09:21

.
RNS yesterday
Read the documents and take the time to understand, particularly the Chairman's Letter, the logical process is there to ensure finance is in place, if and when needed, should the expected DRC cash not come through in time.

1} The Chairman expects to receive the DRC cash in time but needs a back up plan as put in his letter.

" we need to have, and to be able to show, a back up plan assuming possible delay to the expected receipt of any payments from the DRC. For this purpose, we need an additional share authority. "
Note the 'expected receipt of any payments from the DRC '


2} Within the Chairman's Letter it explains that a further authorisation is needed for RRR to issue more shares. That would give RRR the authority to issue shares up to a total of close to 2.5 billion.
Note that is just the Authority to Issue. Not a proposal to issue all those shares in one go.
Should it be necessary, the shares would get issued as and when needed.


3} If needed, there are further options for finance through loans, bringing in partners, sale of assets etc.

It does make sense all the way to have a back stop should the DRC cash not arrive as expected. Bell should be working very hard on receiving the DRC cash in time AND as a backstop, pursuing other options to fund the company without dilution.


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[captain_kurt] 25/9/2024 09:13

Incoming update on X of all highly successful operations inbound.

Bagged up pictures of Lithium and Gold from another company's website proves our roadmap is working.

Please participate in the next placing.

End message

[kemche] 25/9/2024 09:03

Ladies and Gentlemen I give you our Chairman:

Andrew_Bell2019
@ABell2019
We always knew that mRNA medications had possible issues with pregnancy and fertility. That"s one reason why despite all the VC money pumped into their development they never got approved. And why many were surprised to see them so quickly approved as pseudo-vaccines.
This is nothing new.

[kemche] 25/9/2024 08:11

If this continues then the bad commentary could be at 0.025p.

[kemche] 25/9/2024 08:08

I have been posting endlessly because my option money was only £10.

With full prejudice, wherein, in cognisance, in species, thereunder, thereover, law 101, with nuance, in the privy, and with very little cognisance.

Gen 13.6

[kemche] 24/9/2024 16:05

"Focussed on Value Creation"

Oh he is a card that Ettie!

[noirua] 24/9/2024 15:53

RRR has a pleasant 'About Us' page on the website and further.


Manganese:

The Lithium is now whiter than white: