UK 18:45 Sunday, 20 September 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
When the swarm attacks someone on twitter it is an ugly spectacle and the man attacked on two counts on Friday was Andrew Bell of Red Rock Resources (RRR). I publish this podcast knowing it will not win friends but becuase the spectacle was unedifying. I speak in defence of free speech and in defence of Andrew Bell.
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Comments
Pain Au Chocolat
Free speech is sacrosanct in our society and nobody would disagree with you. Andrew Bell can express his views however and wherever he likes. Your cast was notable for what was missing from the mauling on Twitter as it was about RRR too. The timing of the after hours RNS was questioned on Twitter, as was the earlier rumour of a placing. Obviously there are some very angry shareholders who preferred to abuse the man which is puerile. Andrew Bells RRR and RGM have not gone bust as you rightly point out but can you say that an over 99% drop in value is not as good as bust for shareholders?
I accept Andrew is a very good mate and that you would want to stick up for him but this site is generally about shares and market related stories such as those you have very bravely investigated. The shareholders are not generally stupid and the real story with Andrew Bell is his continued taking of a substantial salary, the perception of his spending all day doing anything but realising shareholder value and his arrogance in evasively responding to perfectly valid questions from shareholders. Free speech goes for shareholders asking real questions about RRR and RGM which Andrew Bell is clearly very uncomfortable in answering. There are glaring examples in his Twitter account which never made your cast. I suspect a shareholders perspective would be somewhat different to your defense of Andrew Bells handling of his various intertwined companies.
Andrea Gonella
I care not a jot what he thinks about immigration.
Is Bell a man to defend or castigate? Not sure because I have only watched from a distance but I conjecture that:
He is probably doing v well out of RRR which, rightly imo, does not sit well with shareholders.
If recollection serves me wel, he made a truly terrible investment in Ascot which, given the story there, implies due diligence was sorely lacking. Again, if I recall correctly, at the time you stated that ‘Andrew Bell is a very smart man’. Well….I am not so sure wrt that investment.
A solid case exists to suggest that all companies that do not have a strong balance sheet and cannot envisage revenue generation (aswell as profits) in the short term should be binned. Constant dilution is a killer.
Probably a good kicking is justified.
The fact he was there for you in bad times is not relevant imo to his stewardship of RRR which is what I believe the discussions should be centred around.
Striebs
Pan Au Chocolat ,
Free speech is definitely NOT sacrosanct in the UK . It is under threat worldwide , even in America .
Do you not see the concept of “hate speech” as a threat to “free speach” ?
Who should decide what constitutes hate speach , you ? me ? Tom Winnifrith ? Parliament ? The EU ?
What about no platform policies ?
The progressive consensus which the three main parties adhere to claims to support diversity but hates diversity of thought .
The excellent ex standup comedian Pat Condell explains it far better than me on youtube ,
VINES
shareholders shouldn’t have to think up solutions, if this lot don’t have a clue get guys in who do have solutions. This bearcast will just give an already self-satisfied CEO the delusion he’s doing ok in a bad market
Briarbank
I have been a shareholder in RRR since early 2011. So have a fair degree of knowledge of RRR’s ups (little) and downs.
I too have had many “conversations” with Mr.Bell ever since. And have largely been a supporter. But he has made some very bad decisions (yes hindsight is a wonderful thing).
His best ever decision was to “sell” Mt. Ida/Mason licenses to Jupiter. Early 2011. For ca. 100m shares, worth ca. A$80m. But to then sell 42m in 2013 for A$ 0.07, at the bottom before Tshipi was in prod. & before leaving ASX.
Another good decision was to sell 0.75% Royalty for $14m. Only $6m of first tranche received to date.
The following were not so good. Buying into Ascot (went bust) & El Limon/ El Mango for $5.5m. MFP poor management, over staffed prod. cost near $2000 per oz at one point. AB stepped in, & slashed staff costs . But loaned MFP a further $2.25m @ 5% . Written off in recent sale transaction to NMC, which was a poor $5m long term deal, despite new level 8 and infrastructure upgrades……..
RRR owned over 40% of RSL 3 years ago, now thru diln. down to ca. 8%. That said RSL moves into candy crush in China is looking good, having moved from focusing on Uranium resources. RRR does have options to buy more at 4c, with current SP at 10c.
Greenland (Melville Bugt) was a very big mistake. RRR spent over $10m in 2011/12. Worth a JORC. & bought in 25% -60% of NAMA’s license. Yes good potential, good magnetite grade, and prospects of DSO ore. But in todays market, and in it’s artic location! RRR still has mothballed base camp there too.
Kenya, Good work since 2009, 1.2 m oz’s. Nyanza is the gem, especially if open pit mine. Macalder tailings, only viable if POG > $1350. But politics has been a big problem, with c********n endemic. Thanks to the on going court case, at least RRR has secured 75% of MMM.