I am no longer tipping Red Rock Resources (RRR) as, I feel that its failure to monetize assts and thus prove what they are claimed to be worth has gone on for too long. Why can't it monetize even one asset? The failure to do so means more fund raisings and that, to me explians why the shares I still own after almost three years have been such a duff investment for me. But boss Andrew Bell has another excuse...
Yesterday I asked HERE if I should report Bell, the marmite boss of Red Rock Resources (RRR) to the FCA for selective disclosure of ( very good) news. Bell says he is an innocent man and explains why below. Do you believe him? Over to Mr Bell, Prisoner Number CB9298 says:
Red Rock Resources (RRR) has issued a “Asset Review and Current Developments”-titled announcement and the shares have currently responded 5% higher to 0.525p, so what’s the news?
Red Rock Resources (RRR) has announced the issue of £0.623 million of convertible notes, and that “near-term positive financial developments may be anticipated” – can they be, though?
Red Rock Resources (RRR) has announced results for its half-year ended 31st December 2021, with Chairman Andrew Bell emphasising “there will be a strong focus on cash generation and creating opportunities for value crystallization”. Time for action, not words though Andrew!
The RNS merely states that all resolutions passed at today's AGM. But, given the speculation regarding CEO Andrew Bell's future, after the piss-poor share price performance of late, Mr Bell is being unduly, and uncharacteristically, modest and not giving the actual results. Luckily, I can assist…
Red Rock Resources (RRR) has announced the Commercial Court of Lubumbashi has issued an executory judgment in its favour for joint venture partner VUP SA to pay it $2 million damages with costs, with there already another judgment for $2.505 million. What of a little changed share price of 0.625p though, albeit at least up from heading towards 0.40p before Christmas?
