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------------RRR Sunday, 26 May 2024------------------
There are many posters on this forum of which only myself, Maidit308, Nike1980 are balanced in our view of RRR. My view of RRR inc Maidit308 is that RRR represents : "O P T I O N money." Type into the search engine if not clearly understood what option money is. Why? In the days to come, I will NOT be blamed for anything and neither Maidit308 once our view is published on this RRR forum.
OTHER POSTERS INC RESIDENTS:
I use residents because the Chief Resident poster said he is NOT invested in RRR but has been here for years inc others. However, the views have gone to LIQUIDATION accounting per the Chief Resident. One of the posters here who is also not invested in RRR went on to another forum and told those poor folks that their co is in "administration" mode? I dont see any RNS stating so? On Twitter, that is also hinted and tweeted to A.Bell, Chairman of RRR so there is a INFLECTION POINT NOW AT RRR.
I am leaving out Nike1980 as I cannot speak for him or her given the view is not clear. I am also leaving out Helpful given he is said to be an investee of Elephant Corp which is also a co that is due an IPO on the USA Nasdaq and so is RRR. I cannot speak for anyone else. But Maidit308 has also agreed with my view.
So, for CLARITY, a lot of folks REPUTATION on this site will now depend on what happens to RRR and the naysayers have said their views ranging from the median to the end of the bell curve as above. Thought I had better put it down since I was only here upon the RRR DRC RNS recently. News, Sunday, 26 May 2024 . RRR@0.045p. MKT CAP: £1.76m. DYOR, NIA.
News, so you are clear: I have part of Elephant; I have shares, warrants and CLNs in RRR; I have part of ALR and I have part of FML.
Helpful, definitely. Loud and clear - there you are folks, definitive from Helpful.
And when I said "outnumbered" , I should have said it refers to myself. If 7 people are coming at me, I have to answer 7 times, thus increasing my posting count and moaning about share count which has nothing to do with RRR. So, for the sake of peace, I will sit out as I cant take on 7 people.? Why? I would be here day and night. So, I am taking a more relaxed view and come the time, all views are made known so that no one can say, oh, I didnt know. In fact, many of the AIM co's are all option money for the same reason ie they are growth co's as defined by the London Stock Exchange and they need to raise. So, IF , one doesnt want junior explorers , then one has to look for profitable co's that year on year increase revenue, profit, margins and cash flow and these are almost impossible to find. Why? It they qualify, they will be the next big thing. Eg, look at Nividia & how many Nividia's are there? Almost only 1 in the Trillion $ category. Hope that clarifies. A lot of events are happening and those may supersede events at RRR in which case, IF, they can get FASO up and running to bring in some CASH FLOW, no matter how modest , it will help and IF events turn out, the price of safe haven asset/s should follow in theory. News, Sun 26 May 2024. Sorry for typos as not editing.
News - everyone on this board knows Helpfuls interests in RRR as he's not shy in telling us. He's also admitted to (1) trying with a mate to buy a charge on RRR assets (2) having a personal relationship with Bell (3) being invited to and participating in fund raises.
That makes him an INSIDER who should not be posting. He Helpful is here and that's why I and many others are.
You are sensible to sit this out, many us have issues with Helpful and the company seems unwilling to do anything and he's too "tone death" and arrogant to realise.
I hope it works out for you but I am right ( sorry) you need DRC and again I am right FASO tough place to do business and June won't happen. If I'm wrong on FASO yes loads of questions on terms of MOU and share of FASO Greenstones but if the company sheds its evasive cloak for once and gives a straightforward answer immediately ( unlike Lithium 200 tonnes) I will be delighted.
Err no.... Banbury. After doing Internet search I found Investopedia gave the best clarity of what a company insider is, anyone wanting to check can do the same.
By checking the RRR website it is clear that pile on'd poster is not an officer or director of the company and if he is a less than 10% holder of RRR, he is not an insider per se even if he is has more communication with the chairman than other posters.
For that matter: if a relative, friend or political ally of a company insider who owned less than 10% were to post here - they wouldn't be an insider by virtue of that relationship, they should not be given anything more than public information by which to understand the company.
An insider, as long as they only communicate public information and only trade on publicly available information, and not during a period of restriction is not insider trading, same with anyone else e.g. less than 10% holding but...can only be on publicly available information.
Nike, don't confuse them with facts. A bunch of humpty dumpties; https://blog.oup.com/2022/11/the-return-of-humpty-dumpty-who-is-the-ultimate-arbiter-of-meaning/#:~:text=%E2%80%9CWhen%20I%20use%20a%20word%2C%E2%80%9D%20Humpty%20Dumpty%20said%2C,%E2%80%93%20neither%20more%20nor%20less.%E2%80%9D
NileAir180 FYI Helpful has already posted on multiple occasions that he an insider of RRR
News "option money' internet search definition paying money for the right to conduct an evaulation or due diligence.
Is this true that in the UK you have to pay for the right to conduct DD on shares? In Canada this is free and public companies are required to make disclosures
I had no idea that buying AIM shares was just for the right to conduct research
IMO RRR shares are for 'high risk' money or venture capital money high risk and high reward
fyi IMO your posters identified as "balanced" would be equivalent to my identification of posters who are 'pumpers' or 'cheerleaders'
Sorry Spec, blooming adverts as screen moves, slowing down likes, do have to wihdraw one recommendation, though have intentionally supported the occasional comment from you...
When I was stuck on threads I did fall down a warren without meaning do, in any case assuming strongly positive poster has less than 10% holding of RRR - no matter if it is signifant exposure and variation of that exposure, he is not an insider.
If anyone posting had 10% holding or that type of holding for a lithium asset outside of RRR holding which is not quite the same... as that holding couldn't be publicly traded, as long as they stick to public information e.g. from the RRR side and as long as opinion expressed is not based on confidential information, they aren't breaching insider rules from my reading if it.
One should still think about what they say, even when they feel like expressing their thoughts, pile ons aren't pleasant... and a bit of self-discipline is healthy... probably good for everyone here. I don't think the pile on on that aspect of criticism has ever been justified.
Have got to get on with other stuff now, thanks.
It's strange Nike that you don't think the pile on is justified ! Sorry but you are plain wrong.
To me it's the single biggest issue around RRR is Lundy posting.
Whilst under some definitions he may be not be an Insider, he is however hugely conflicted that means advice he gives is given from a position of knowing far more than the average non conflicted person.
That conflict is made all the worse by his profession as an investment advisor to major holders of RRR shares. When you get Investment Advice look at the small prints and disclosures.
Helpful knows his cheer leading on here is morally and ethically reprehensible and wrong. He revels in it and sailing close to the wind and putting two fingers up.
Horrible person selling a dream which he know is at worst a pack of cards and at best hugely risky. Awful man.
Specinvestor99
If you or anyone else is a shareholder of RRR, or intending to be, then it would be, why, COUNTER to self, IF the bull case did NOT exceed the Bear Case. For this reason, Financial Times 's Investor's Chronical evaluates co's on the basis of BULL CASE points and BEAR CASE points which provides what is termed a BALANCED view. At any time, the balance swings towards the bear case, then one put further evaluate and decide accordingly. No TWO person's evaluation will be the same. For those who DO NOT HOLD stock, it is easy to do a "critique" since they have NO holding. For this reason, I dont go round to all the forums to tell folks what the bear points are for the sake of it etc. I can NEVER be 100% sure that in ANY CO, there can be NO TURNAROUND. I dont poke my nose into other forums because there is a MORALITY ie people are invested and they should do RESEARCH & not the type many believe research is about. In my view only, BROKER notes from Investment Banks of Tier 1 quality oft provide the same type of balance as an IC analysis. I dont have to explain what OPTION MONEY is to Brits. If they dont know, then they should consult a Financial Consultant as the FCA states. NO, Helpful is NOT "AN INSIDER" to RRR. He does not meet that definition as he has no executive position in RRR. If anyone here has a lot of money and they can buy huge stakes in RRR and they have a hedge fund, they can telephone RRR to take a conference call after results if they oblige. AND, not to ask the type of questions some folks have been asking either. Listen to American Conference Calls with Analysts. You may chose to say, it is NOT but the definitive is not anyone's to define outside the official definition of , say "insider buys." In stocks, there are NO CHEER LEADERS. Why? Money is involved and cheer leaders are not appropriate nor are folks here pure "roompers" for as long as they provide a balanced view ie bear & bull. For roopers, they do NOT understand anything very indepth and so the usual lingo is , in tbe past, "get in", "booming" and such like. Those days are gone as I dont see much of that now. Hope that clarifies. As for Helpful, he provided "qualification" to what he said and that qualification must be taken into a/c, in the English language. Not editing. Got to run. Hence, why I said I wont post given its is too long drawn explaining what should be known if one has ever invested in stocks. The stock mkt has a very steep learning curve and those who have been long in it are now aware of the various risks to any stock & no one can guarantee anything given many stocks have disappeared even in the FTSE etc. Mon, 27.5.24 Public Hol-Stock Mkt Closed. As for MORALITY: people have money invested & one should take note - once said, twice said but saying everyday & for years? DYOR. DIA.
News 'insider definition' your definition is not accurate.
here is the definition " In the context of securities, an “insider” is an individual with who has nonpublic information about a corporation due to their position or intimate association with the corporation."
Why do you think Helpful is wrong?
Please Specinvestor99
There is a LEGAL DISTINCTION between "INSIDER" which is "INSIDER" dealing ie buy or sell shares per American and UK disclosure rules. "INSIDER INFO" is something else and anyone can have insider info and may NOT be legally limited to just directors. What happens if someone had to much to drink and started blabbing in the taxi? One banking executive 's husband overhead the wife's convo and he got into trouble as he dealt with the shares WITHOUT her knowledge [example]. So, please specinvestor99, it is Sunday and I am thinking of my soul.
Banbury, he is not giving anyone any advice on this forum, he is stating his opinion at the time of points expressed. It is others who have claimed he is a financial advisor and tried to make out he is giving advice to people here. Even if a professional, that professional is only stating opinion or publicly available facts and where appropriate finishes with DYOR.
On another matter speaking to an adult on this forum and comparing them to Pike from Dad's Army - as much in anger it seems, as humour with relevant quote, is not a remark worthy of respect.
Reasonable to criticise points of view, reasonable to have banter or very assertive differences of opinion but let's try not to single out on belittle just because of annoyance over a bit of levity.
Of course if people are going to be humorous, someone might up the ante on the way back - do think though there is a difference there between the general and the specific.
So yeah, if people don't like responses they can think about what they say but the responses are going to be judged by other readers as well.
News you posted this "An insider, as long as they only communicate public information and only trade on publicly available information, and not during a period of restriction is not insider trading, same with anyone else e.g. less than 10% holding but...can only be on publicly available information."
Your statement is simply wrong Any profit gain while in possession of 'insider information' is criminal. Any defense that you only made a trade on publicly available information will fail under the USA and Canadian Securities law.
Most if not major public companies in the USA/CDN prohibit certain employees from trading ANY of their shares, options, warrants etc during certain periods of time (dealing with earnings, news releases etc)
It is comical to suggest that anyone could defeat a charge of insider trading simply by stating I did not make that trade on the insider information that I had. Dangerous if anyone actually believed what you wrote
Specinvestor99
I am NOT GOING to reply any more. Nike1980 has already explained "INSIDER" is a director of the co. So, many magazines etc report INSIDER TRADES which will be directors. That has NOTHING to do with insider INFO WHICH IS A DIFFERENT CLASSIFICATION ALTOGETHER and there are UK regulations on that which does not only extend to directors etc. You are from CANADA and we, on this forum are Brits on a Brit forum and following UK law. So, its like a chicken talking to a duck, both are NOT getting the flow. Why? Different systems.
WHAT IS HAPPENING WITH RRR is all in the OPEN via RNS, articles and interviews on Stockbox etc. This is a TINY AIM CO with a mkt cap of
Specinvestor99
You got me CONFUSED with someone else. FOR THE AVOIDANCE OF DOUBT: I just posted today and I never came in on any convo about insider trading etc ie about director's CLOSED PERIODS. I was NOT THE ONE TO MENTION 10% and all that. I think it is going OFF-TANGENT NOW. There is no insider trading in a CLOSED PERIOD - look at the RRR RNS's.
There is NO INFORMATION COMING out at ALL. DRC is in a state of a coup and govt is not even FORMED YET for some 5 mths now. THIS IS A TINY AIM CO WITH £1.9M with NOTHING happening that is NOT IN THE PUBLIC DOMAIN.
Specinvestor99, I think what I said was adequate but for the avoidance of doubt.... same goes for anyone else less than 10% holding as long as it is on publicly available information and not during a period of restriction relevant to the shareholder.
The standard applies to the 10%plus holder and the less than 10% holder.
I was thinking of smaller holders external to the company but I take your point.
Cheers...
Further.. less than 10% holder also includes non-shareholders - effectively anyone looking to buy shares or fractional shares, any trade should be based on public information and not during a period of restriction relevant to the person looking to make the trade - whether it be a buy or a sell. The same standard applies to people holding 10% plus and those with less than 10%, including those with nothing.
Hope that language is sufficient specinvestor99, it is now quite late in the UK and is time for me to snack, drink tea and relax.
Cheers...
News Sorry to burst your bubble but I doubt that you are 'all knowing"
Do you have knowledge of who has been buying and selling over the past several weeks?
Specinvestor99
Kindly direct your questions to someone else given I am NOT the one who started the convo about insiders ie director buying. I never keep up with this topic as it is NOT in direct relation to the operational of the co. I am NOT aware of anything that is NOT in the public domain and I am NOT FOLLOWING the convo on this question you raise. All the posters on this forum are NOT in the position of authority to answer your question , of which only you know what you are trying to convey from Canada. If you have concerns of which NO one else has raised, then the procedure is to inform the authority which is the correct procedure. I have come onto this site to check other stocks so just pass by as this is the default forum. Nike1980 was conversing with you but you are still NOT satisfied? No one is sure what you are trying to convey. Tues, 28.5.24. Brits have a lot of news to take in and it affects everyone so I dont think any of us have much time to postulate over what is NOT happening at RRR relating to keeping track on who is buying or selling as that is not open to public scrutiny.
Specinvestor99
I would also like to touch on another subject matter you raised on this forum but no one chose to reply. It is about Canadian regulatory law. In Australia, SXG, for example has put out an "EXPLORATION TARGET" of 1.6moz gold equiv for their Sunday Creek gold project. Another Australian co that has just got taken over for billion$ also had an "EXPLORATION TARGET". Closer to home, XTR, an AIM co also had an exploration target for their Bushranger project so evidently, it is something that is allowed given they are all under different NOMADs etc who have oversight of the RNS's.
However, you gave the idea or that was what I understood that estimate etc are not allowed in Canadian regulatory law but you did not give a link. There is a lot of CONFUSION over the matters you raise given NO ONE here is familiar with Canadian regulatory procedure given this site is British with British co's and shareholders. That is why I asked you from inception or thereabouts why buy British AIM stocks from Canada. Why? Many AIM stocks have suffered like Canadian junior miners during the time of the commodity downturn. Raising procedures that are completely different and expecting folks on this forum to know appears not appropriate of Canada and its procedures in stocks. I trust this clarifies. NO ONE can be expert in the matters you raise as one would have to be employed as a Compliance Director who is keeping abreast of Canadian procedure of which no Brit is knowledgeable about. Therefore, one does wonder if you are interested in this tiny AIM STOCK of £1.9m [new IPO's need to be £6m now] and the operations or it is to do with
regulatory procedures which you feel RRR must follow UNDER CANADIAN RULES even though it is a British co under British rules. Not sure of what you are on about? 28.5.2024. Thought I would mention this as this is being raised so often and I am NOT the one you should ask as I dont keep up with anything other than RRR's operational business of which affects share price. Trust this clarifies. So, if you do want to know kindly ask the relevant folks. Thank you.