As a loyal shareholder in Red Rock Resources (RRR) all that I can say after today’s statement flagging up very possible and imminent administration is thank heavens that Andrew Bell appointed his pal David Lenigas as a strategic advisor to create shareholder value. Where would we have been without Big Dave sucking at the corporate teet?
That dream team of Andrew Bell, David Lenigas and London’s worst Nomad, Roland “Fatty” Cornish has done it again. How much has Red Rock Resources (RRR) paid Lenigas since he came on board as a strategic consultant, during which time the shares have collapsed to by more than two thirds to just 0.0275p? Money well spent? I suggest not.
If you are responsible for crafting RNS statements for Red Rock Resources (RRR) you have an easy task. Just take the last one about share issuances and jam tomorrow and tweak the numbers. They are all the same otherwise. This is what Red Rock does as a business. There is no pretence any more that it is an actual miner it is just there to issue shares on AIM.
Yesterday I discussed the risks of Andrew Bell being served up as the main course on his next visit to the DRC and the apparent cash plight of Red Rock Resources (RRR) in the absence of a cash claim under its key man insurance policy. Bell posted a response insisting I have got it all wrong but one of his former shareholders has hit back. Who do you believe.
There is now a raging civil war in the DRC. I am not sure if cannibalism is on the menu but there was in previous civil wars. Andrew Bell of Red Rock Resources (RRR) says that he has visited the country three times recently which is jolly brave of him as, at his size, he’d feed a platoon of rebel soldiers for at least a week. Bell insists, most recently on 19 February, that his company is on track to get the $7 million arbitration award, promised as imminent for a terribly long time. The war is merely a “distraction”. Whatever you say boss..
There are few constants in life, few things that just keep happening and cannot be avoided: death, taxes, Tampon Tim telling lies, Andrew Bell saying that the cheque from Glencore or alluvial gold in Cote d’Ivoire is in the post and Red Rock Resources (RRR) doing placings. But it is the contiguity of the last two that concern me.
Hat tip to reader DM who brings the article below from Tax Policy Associates on the quite shocking level of PLC’s which are delinquent in filing accounts. On 1 August 2024, there were 4,430 active public limited companies. Ignoring those that appear completely defunct1, there were 132 that hadn’t filed on time by 1 August. And nestling in there is a name that rings an Andrew Bell.
No doubt Red Rock Resources (RRR) boss Andrew Bell is today plodding the streets of Clacton, enjoying the rarity of mixing with the lower classes to get out the vote for Nigel Farage and we should give him credit for that. But back at his day job, Red Rock has issued yet more bits of confetti, 75 million new shares at 0.045p to pay a bill of £33,750 due to “a contractor”. Who?
Imight have suggested once or twice that Mr David Lenigas was another dodgy Aussie penny share promoter prone to overegging the pudding on twitter. If so I apologise.
What is the point in Red Rock Resources (RRR) hiring the penny share promoter from the country where 30% of the population have the criminal gene, Mr David Lenigas? His recruitment as a consultant was claimed to be because of his track record in creating value. I kid you not. That is like saying I have a track record in ballet dancing or synchronised swimming. I remind you of the words from the release on David Lenigas day, 2nd February when the shares were 0.08p
I flagged up a couple of days ago here how a twitter statement from Red Rock Resources (RRR) that at its main site in Burkina Faso, there was “gold, gold, f***ing gold everywhere” was not quite a measured and balanced RNS and needed correcting. Andrew Bell disagreed in the comments section below insisting that as a scholar and a gentleman he had played it with a straight bat. However….
Companies on the AIM sewer are meant to disclose price sensitive information via an RNS verified by a Nomad as being true. It is for that reason that they cannot make wild claims not verified by a Nomad via social media. Yet Red Rock Resources (RRR), where I am a shareholder, and its paid consultant Mr. David Lenigas did just that yesterday as flagged up HERE. I have written to London’s worst Nomad, Roland “fatty” Cornish to ask if he has verified these tweets or he considers AIM Rules do not apply to his clients.
A couple of weeks ago the shameless penny dreadful promoter David Lenigas claimed that shares in the company he funded, Vinanz (BTC), were going "to infinity". Today's tweet on behalf of Red Rock Resources (RRR) where he is a paid consultant is only marginally less ramptastic. Could such claims really be signed of in an RNS?
Reading through my articles from three months ago, to weed out typos, I was struck by THIS ONE about Red Rock Resources (RRR) when the shares were 0.1425p. The shares are now just 0.0825p despite the appointment of Mr. David Lenigas as a special consultant tasked with ramping the share price on twitter and telegram, oops I meant “tasked with creating sustainable shareholder value.
Writing as a loyal shareholder in Red Rock Resources (RRR), if only to remind me of what an idiot I can be, I am waiting for our new consultant, Mr. David Lenigas to weave his magic wand of value creation, that is to say penny share ramping. Pro tem we have death spiral news and complete bullshit from Andrew Bell.
What could possibly go wrong for my old pal Andrew Bell and Red Rock Resources (RRR) where I am NOT recommending the shares, at a wretched 0.0775p, but where I remain a loyal shareholder to remind me what a prize prick I can be at times.
Earlier today I flagged up how we morons, aka loyal shareholders in Red Rock Resources (RRR) had been screwed over yet again by Andrew Bell as he has done yet another placing, raising £500,000 at just 0.075p. This company really has had more placings than I have had inappropriate thoughts about Cheryl Cole. Okay, not that many but a lot! However, readers point out that Mr. Bell appears to be playing fast and loose with the truth, when it comes to how the moolah, call it £465,000 after costs, will be spunked. Sorry I meant spent.
For months and months we morons who own shares in Red Rock Resources (RRR) have been told by our esteemed leader Andrew Bell that the sum of somewhere in the region of $7.5million was on its way from the DRC. The cheque is in the post. Except it’s not a cheque and it has not been posted.
