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Error: Choose, not chose. Holes, not hold.
LoL Helpful. ARBITRAGE between Shanghai & London markets in gold. I was reading last night, about surface area. The smaller the area, the less chance of tungsten in it LoL. This was from one of the experts. The young in China are pretty savy in buying gold beads. I have seen pictures of them in nice glass containers. It is cheaper and less expensive as no workmanship is required. It is akin to a piggy bank one is used to as kids. However, their govs have told them to buy silver. Guess it is more affordable. All very bulky and cumbersome. Any wonder why the recent case of gold in machinery?
HELPFUL:
Ah, that is music to my ears: "I GO FOR MIS-PRICING" of assets to share price as well. But mis-pricing is harder on big stocks as it is a more "efficient" market with so many analysts covering the big stocks. But I find it safer to chose stocks that are potentially with Tier 1 assets or close to closing in on a Tier 1 deposit. That is how I landed at RRR LoL. However, I have HEAVILY QUALIFIED when asked by AimDogs: That I consider it to be OPTION MONEY so that no one can blame me and I am sure you understand.
Everyone is busy watching drills at the momo for potential Tier 1 but they are not on the UK market unfortunately.
They were once 0.05c Canadian, now on Fri, 80c Canadian with the drilling starting shortly. But the initial Hole 5 was pretty good ie long intersection, good grade and in a Tier 1 jurisdiction. Only downside, price. John Cronford said that penny stocks can rise to the fabled stock and this is the case in point. However, in reading consensus, IF, the next set of drills dont turn up as good, then, of course, accordingly. So, the point of bottom fishing is pretty intact if one is able to get data from inception. Hence, I like penny stocks if they are on to a potential Tier 1 and easier if they have done modelling.
MAIDIT308 - Yes, got to take a rest -does get tiring if it has been repeated for 3 years on this forum the same ole thing about RRR etc. Hence, lots of holds and proven so -RRR is still here. LoL.
Helpful has spent 8 years telling this board in his words RRR assets are " fundamentally mispriced"
He's correct the companies lost 99% of its value in that time.
You either believe RRRs time will come or the mega bear view its not inconceivable that Lithium and DRC have been overhyped and not going to happen, assets sales have been on-going for years nothing over the line. POW and FASO are desperate last rolls of the dice.
Unless they have a material cash event soon the share count will be 8 billion.
I do wish SHs well and what I or others think won't change the outcome. Africa is a horrendous place to do business and FASO in no different.
Well if you can buy physical gold at $2,350 in London/New York and sell at $2,450 in Shanghai there is a trade. Maybe they want the same gold contracts to be traded across the markets.
Right, Helpful.
Thanks. I stand corrected. I apologise to Zumore for mixing the names since I was not here when Carp was here.
Helpful, I note that you have now replaced Mr Bell, Chairman of RRR as the new figure of ...
Coming to a subject matter perhaps of interest to you, I have just learnt that "In recent months, Standard Chartered ,HSBC, JP Morgan, UOB and Deutsche Bank have visited Shanghai Gold Exchange intensively to discuss cooperation."
Announcements have just been made relating to margins. LoL,
Many forums are now discussing gold but in much more depth than on this forum at this site. But currently, SGE is the largest in the world so that must be watched. We live in interesting times.
Bye then. Not sure what you want an answer to but I do have fund management qualifications and have run funds. I haven't done so for a long time because it is largely pointless.
Where the money is, is in taking positions in fundamentally mispriced assets. Reversion to the mean is a universal principle.
The trolls drivel on about the share price and capital raises. I have hinted a few times but as usual they either don't take the point or area capable of taking the point. RRR's share price and market cap is where it is largely as a result of its best assets being stolen. When the quantum is submitted in its claim for tortious interference those losses will be factored in.
If those assets hadn't been stolen all of its other assets would be further on. That will get factored in too.
Quite why Big G wanted to steal the assets and why/how they set the price at $430mil is beyond me but they did.
DYOR
NEWS'' you have been doing a great job, since you start posting on here, you are getting to them for sure'' they really have no answer to your questions or opinionated long post LOL!! and when one of the x3 expected CO making RNS does land for RRR, I think they will all disappear like fart in the wind, or try to be your friend, and as you surmise 90% of AIM CO or any other Market will lose investors money, and that the new way of thinking for the investing community has got to change'' to reflect corporate GREED, that has no protection for shareholders written in any LAW, and IMO, perhaps the new way could be to enlist the help of artificial intelligence before we invest in any X or Y so we learn when to buy and when to sell'' without the human fall in love mind set'' if we don't want to be in one of the 90% when it goes down the pan to 0.0575p and forever be moaning at other posters that bought in on the cheap as if it's there fault... ???????
anyway my thought for the year is to stick with only 3 co that you think has near term potential with a silly MC like RRR and don't look at the other 99% on the Market wishing your life and money away'' wither they go up or down, and be patient with the 3 you have got until they realise there full potential then you can sell some ride for free and invest the profit in other fast moving PUMP potential if you so wish, but don't forget to sell them back and take your 30% regular so you won't be disappointed when the PUMP eventually drop on the next discounted funding call like everyone else, but whatever you do, hang on to the 3 near term potential I spoke about as eventually they will hit new highs as new milestone is realise,
KEEP UP THE PRESSURE NEWS'' DON'T BE SWAYED BY ANYONE, KEEP UP THE GOOD WORK...
don't forget tomorrow is another day closer to game changing RNS
ATB
News, it was Carp whose wife left him according to other posters. Zumore was posting on RGM at the time commiserating and saying Carp was hard done to. Nothing more.
Part 4:
MR ANDREW BELL, CHAIRMAN OF RRR.
Mr Bell has seen many cycles. The good one was in 2010. |Paul Johnson recently tweeted that with the 2010 commodity boom [think he mentioned gold as well], RRR went from 0.25p to 23p. This is the 1ST TIME I have ever heard Paul mention RRR given I have listened to his interviews. I only heard on forums what gave him a life break ie at RRR.
So, I gave the stats from the last boom and how Canadian juniors went up in tandem via Casey Research. So, Mr Bell is into this period again of the price of gold having hit the NEW RECORD ALL TIME HIGH OF US$2,400+. Mr Bell is facing quite a tough task ie taking on the DRC and a major. This is not as easy as it first looks and never is. But looking at AVZ, there is much to look forward to but RRR will need to survive this period. Litigation will not be a just walk in the park but will take some time from the ISCID cases seen.
In earlier years, co's have to change to the rising commodity. Even Paul Johnson's new vehicle has been now rationalised but what DIRECTION will his co take? That is awaited as a new CEO may be now appointed. It depends on what is the direction going forward. DL's REM also has had to rationalise. So, painful as it may be, there is not much choice. If money in cpaital markets is not plentiful as DL said in his RNS @Rivergold, ASX, then a new approach will mean that today's rationalisation must withstand tomorrow's new situation.
Mr Bell is no different and the grips against this CEO or that CEO is unjustified. Why? EVERY PROJECT is only as GOOD on its merits. So, the grips is that people just follow one particular CE|O thinking every co is paved with "gold". To those who understand dogs or horses, they will know that A PARTICULAR TRAINER'S HORSES will NOT ALL WIN nor a JOCKEY win every big race. IT IS AGAINST THE STATISTICS.
SUNDAY:
No, I will not be replying further to the Chief here. The reason why I want to take a back seat is because I dont want to get caught up in this CONTINUAL REPEAT CYCLE of the same old thesis of which there are LOTS of HOLES?
As said, think carefully, and come to some sort of rationalisation of one's own portfolio. I have.
On the other forums that I have just visited ie 1, they are not concentrating on the co or the CEO but rather how to save themselves from fiat vs assets in particular or in general. COST OF LIVING CRISIS has caused many to discuss in co-operation and there is good-will amongst the MICROCOSM.
Sunday: A time to relax and there is lots to follow up. WITHOUT ASKING SOME PERTINENT QUESTIONS, and just jumping in is the thing that is most risky. So, I will go to the other forum to see if they can come up with pertinent questions or they are just going to jump on the wrong notion/s.
News take the blinkers off and open your eyes. I may have been wrong about many shares and may not be great at the game. What I have allways been right about is RRR at every turn.
As Zumore says Help arrived in 2015 just prior to a share consolidation. He has ramped it ever since.
When he arrived there were 246m shares ( now 4.04bn). Over twenty fold increase.
When he arrived the SP was 0.46p now 0.06p a reduction of eight fold.
That is why old timers like Robins are down 99%.
Help is a one share man Dukey asked you to look and it's performance since he joined this board and that's it I've done it for you.
What's even worse he has no contrition and continues to post. WHY because he is funding this company through CLNs and discounted placings.
The only dodgy dealings going on in RRR are from Help !
PART 3:
PLAUSIBILITY:
Zumore lost his wife per Helpful informing me due to investing in RRR. |Helpful said this was posted hence the upset. So, I look at plausibility for example. Many women, unless they are professionals in their own right, have no financial status to be able to leave so easily. So, on the plausibility testing, it would not be that plausible that every last penny went into RRR, hence the upset? During the time I was on this forum, Zumore informs me that his FAMILY IS THE 1ST FAMILY of UK. So, again, some dis-connect here between 2 time periods. So, I take it, that it may be or may not be but that is personal to him. But the justification does not seem matching and conflicts between 2 time periods. Theeeedule said he mortgaged his house etc and told Mr Bell, Chairman of RRR that on the phone. However, in more recent times, he said he put in £500 etc. I took a quick look at duke's posting and I saw he told folks there, HE'S ALL IN at GST? LoL. As I said, if Duke telephone me, one would have to check the RRR share register. That is taught in the office. I am not interested in folks personal lives but when they give justification relating to their upset with RRR, then one has to look a little more closely at the plausibility one is taught in school, to see, on balance it could be or could not be, with 1% swinging to each side.
AIMDOGS
Very pointed and to which I have respect for. YES, A VERY GOOD mention of GOLD but compared to LITHIUM is not suitable. In terms of lithium, there is more to the story. I wont go into details as it would take too much time. So, AIMDogs has brought up a good point but that is already ANSWERED by the experts. I wont go into detail but IF THE EXPERTS are proven CORRECT, then one will see it in REAL LIFE. Why? There is TOO MUCH DEBT in the system and that has to, at some time, be rebalanced. What that will take and in what form is going to be evident shortly. Shortly as in 3-5 years time frame to see the beginning of how RESTRUCTURING will take place. It is ALREADY HAPPENING. How? Look at ASSETS vs paper money. Assets are NOT GOING UP but rather paper is going down RELATIVE TO.
RRR
It will need RESTRUCTURING OR RATIONALISATION and it is clear given DL & Paul Johnson are already executing on this.
DRC LITIGATION
One will have to await to see.
MY VIEW: I WILL BE NEITHER RIGHT OR WRONG. Why? It depends now what will happen and how things are run or rationalise and whether the DRC matter can be resolved in a time frame that RRR will survive. ALL CO'S ARE THE SAME, not just RRR.
AH, I AM HAPPY THAT MY ANALYSIS MEANS I LEAVE on the mkt opening, with a clarity. To this end, it means that I have studied the MICROCOSM here and can apply to any other forum given people fall into groups of thinking.
PT 2:
I LEAVE WITH CLARITY:
I will leave with clarity as to this NEW MICROCOSM of which I was WARNED ABOUT at 12 years old. Like what: It was said, these are the PRINCIPLES to abide by and do you accept them or not is up to you. Go away and think and when you decide, come back because it will be a LIFE CHOICE. So, to this particular Mr X or Y, I make no apologies for NOT listening because I cannot afford to change to this new club here.
HELPFUL:
Ah, now, I am told to look at Helpful and to this end, same thing. Helpful has NOT replied so I take it he does NOT want to comment on what I said which is fair. I think he does not want to CONTRADICT me and that was kind of him. Yes, I have taken a rather more dynamic approach. I have analysed Helpful last night - he is akin to a fund manager managing a portfolio. This he does for a living. But running a co IN THIS NEW CIRCUMSTANCES requires a more dynamic approach and DL & Paul Johnson have started to do RATIONALISATION of portfolio. Why I said I await to hear from Helpful is that one must give him a right of reply relating to what I said if he has any comments. But Helpful KNOWS MORE THAN I DO as to the status of the co - he is able to ask /as can major holders of RRR if Mr Bell takes a conference call. But I have a skeleton to go on.
CHIEF POSTER: No, I dont think I will LISTEN to him and this is not anything personal but ON OBJECTIVE TESTING via the co's he has invested in, he has DEMONSTRATED "fund management" mastery. Why fund management? The co's he has gone into are REVOLUTION BARS & SAGA ---of which is very dependent on discretionary spending and in times of non-boom, these are sectors to avoid in general. THIS IS CALLED TRACK RECORD ON THE LONDON SOUTH EAST, Being listened to has NO REAL LIFE benefit, as one cant apply to be a fund manager of GOLDMAN SACHS IN NEW YORK based on one's posting on this forum. There are TOO MANY HOLES in his thesis.
Banbury i have a pretty good idea.
There was an AIM company called Northcote Energy (NCT) and it later changed its name to Mayan Energy. Helpful used to live on that thread and of course it was an absolute dog of a company.
In 2015 Red Rock announced that it would likely take a percentage in an oil project named Shoats creek" and the project would be run by Northcote energy.
https://www.lse.co.uk/rns/RRR/option-to-invest-in-shoats-creek-j844s0w9q5qtgeb.html
So of course that piqued his interest in Red Rock and some time after he started appearing on this thread.
So i would say a few month after that above RNS date.
MY DIRECT REPLY POSED TO ME:
[1] Theeeduke: Yes, I did say I would want to leave due to such "unfriendly" naysayers of which have their own reasons.
BUT, before I go, upon MARKET OPENING, Mon, 22 Apr 2024, I must review RRR, Helpful & the crowd here. It called an assessment, right or wrong, time will tell. Why? This is a MICROCOSM. To continue is to bear the continual ill will - because I WILL NOT JOIN IN THIS "GREAT COMPANY" OF NAYSAYERS.
NAYSAYERS: In general, they point out to me that A.Bell, Chairman, RRR this and that. In particular, Robin rang the Chairman & it was good Mr Bell gave him the time of day. However, Robin and others point out to me to attempt to TEACH ME A NEW WAY OF THINKING & TO JOIN IN THIS NEW WAY OF LIFE here, hence the MICROCOSM of WHICH I REFUSE TO JOIN. Why? Two aspects: one, whilst I sympathise with Robin who sounds very young, he has NOT approach ed RRR or any other co with the PRE-REQUISITE/s needed to KNOW more throughly what is the MACRO & MICRO situation. In short, LOOK BEFORE YOU PLUNGE IN and IF in, then to TAKE STOCK before losing, say 99%. In retrospect, MOST will learn OVER TIME to SURVIVE. ====RICK RULE: He was not born with a silver or gold spoon etc but in his interview he said; WE NEED TO KEEP IN THE GAME. That he explained more fully: IF ONE IS WIPED OUT, THEN ONE CAN NO LONGER REMAIN IN THE GAME ie stockmarket.==== So, it is ALL FREE to learn and IF one doesnt learn, then one has to decide whether one wants to continue in the stock market or leave & whether one can BEAT THE JUNIOR EXPLORERS ETF. I wont go over old ground but it means THAT £1 PUT INTO ANY OF THE MORE KNOWN JUNIOR EXPLORERS LOST 90% TO 99%. Those that lost 90% are those with Tier 1 deposits eg Havieron & Cascabel. SO, THIS IS ====PROVEN FACT===THAT PRACTICALLY NO ONE ESCAPED THE BEAR YEARS IN COMMODITIES. A day or so ago, KATUSA RESEARCH on Twitter put out a 10 point kinda of tweet to describe these bear years in commodities.
CHOICE: If one does not want to LEARN TO BECOME A "PROFESSIONAL" FUND MANAGER THAT CAN BEAT THE MARKET ,
THEN, IT WILL BE GAMBLING ie dont read into companies but just listen to Mr X on a forum or what the Chairman said which is continually changing. Why do I say "professional"? The stats says the ordinary investors usually lose inc day traders. So, professional because in order to beat the stock market system, one has to do better than the stats. Or the extreme end, just LISTEN as said above.
WITH RESPECT:
So, with due respect, I DONT LISTEN TO ANYBODY. Why? I was taught to THINK for myself with principles taught. This is why the ire against me. Why? I DO NOT LISTEN TO ZE Mr X, Y. No, I REFUSE. So, I will NOT BE PART of this in-group baying...But why? I was taught in school that IF I LISTEN TO THESE NEW VOISES, then be prepared at the end of life, I change to become ....that I was not taught to do. Like what? To hate on....
ANALYSIS:
That is why when I stop posting on this forum, I leave VE
Dukey he's been posting overall since 2013. Zumore if he's reading will know how long Help has been plugging RRR or a good idea of the time.
Thanks for yr reply news and good luck with your investment here and whatever you ultimately decide.
If the Congo news drops I will join you for the euphoria of a potential larger claim which I feel is the ultimate prize here at present.
Gold, meh, let's see what actually happens as Bell has a deserved reputation for achieving very little. Then you have the variability of the gold price and we all know what happened to the lithium price and all the bull5hite Bell managed to create surrounding that debacle.
7th April 14.20 Helpful says
"We are dealing at Senior Government level as we got Gendarmerie and Military support. The government wants us producing as fast as possible "
12th April
" We should be in production sometime next week assuming all the bits of paper can be dealt with in a timely fashion. Importation paperwork for the wash plant, VAT and import duties"
No wash plant flown in Despite the mention of within days [ weeks ago] .
Unfortunately Africa is hard to do business in and no amount of wishing this over the line by Helpful will change that [ to coin his phrase "him being an expert and all"]
Morning news, seen as you not come through on your words that you were going to stop posting, wish either way doesn’t bother me as I tend to ship past most of your posts, as I’m sure they are sone to try an bury any negative posts ! Seen as you have loads of time in your hands, just wondering if you could look back at when helpful started posting(pumping) on RRR - and how much the SP has dropped since he been here ? Genuine question as would be nice to know and something to keep you busy for little bit today
11th April RNS added 509m shares [ raising 260k probably closer to 210k after brokers fees basing this on cash flow statement in the accounts)
Share count now 4.058bn
211m issued 12th Feb after AGM.
Article 4 was passed at AGM on a show of hands - 1.5bn new shares authorised.
By my calculation that's 780k of shares in the tank to issue in future so a 200k backstop. Total shares could reach 4.8bn before New authority.
Nominal value 0.01p so permissions can continue to be granted whilst the SP is above that.
Need DRC cash or FASO to come good to avoid further dilution.
Will the RRR Australia IPO get through or there is no mad rush for Ballarat drilling. Why? Another AIM co is drilling nearer the Ballarat area and there is no demand for dual listing in Australia, hence why I asked. If there is no rush for the IPO, then RRR may have to re-think and re-launch with Kilmore which is a bit more risky as there is no drilling. Hence, I mentioned trenching which is cheap and which MAKI did at Cote or FASO via the CEO GEO. Kilmore is the greater potential but I dont run RRR nor is RRR taking in my view. So, I watch to see and to also CHECK my own view. But, if I run my views with Helpful, then I can see A WIDER PERSPECTIVE. In an ideal situation, I would like a CONFERENCE CALL WITH MR BELL but I dont know there is much to glean given the interviews are very heavily qualified.
It is for this reason, I view RRR and my investment as option money and some of us like Maidit308 want it nailed down.
A lot who post on this forum are NOT POSTING with insight to the PROJECTS. Why? The RRR RNS's dont tell enough because one does not do site visits like brokers before writing a report. Helpful went into army life and he will know what I am talking about. DL did not have a military background and therefore, he did not see the critical path and where REM could be cornered. These are M & A techniques and to this end case studies are helpful. That is how Solgold has managed not to be eaten by dilution from any major so that they have JV in and taken the major share. Mather said so. But Mather uses a investment bank in Canada who's known skill is to conduct strategies to maintain corporate control. Otherwise, Solgold would have JV and got 20-25% share left and then NSR. Without stategy of the M & A type one will not survive as a co. I take it Mr Bell was not in the army and may not be quite so nuanced that the DRC will take not only legal skills but more importantly, how to outplay the opposition. AVZ's French Counsel is having a field day and already obtained an INTERIM RULING IN AVZ'S FAVOUR. How they ascertained that $105m USD was paid to buy M...lithium project is a wonder. How di they obtain that? It is not a pitch book deal but rather a private matter. Its no wonder why the interim ruling is in AVZ's favour. So, very well played. In biz, it is a skill not to be eaten by commercial interests. Eg GINA, OZ'S RICHEST WOMAN MARRIED A LEGAL COUNSEL WHO TUTORED HER and one does not hear Gina getting taken in by a more masterful legal fine print etc. I was hoping blueboy1975 that if you are a shareholder, then everyone should be heard but not the usual naysayers playbook of oh, the ceo this and that. Go to any forum and the same thing is repeated so it is a waste of time IF every forum has the same TEMPLATE. They call it the old acorns ie repeat the same lines. Hope this clarifies.
FOR CLARITY:
I dont ENJOY looking at poster's history. I have NO reason to do so. I have better things to do. However, if x or y comes on and repeats just negatives, then I have to find out [1] If the poster is only negative on this co or EVERY CO. Some go round just posting ummm umm on many stock forums and nothing related to the co. [2] People say a lot of thing eg they have been on this forum for 5 years. If ONE CHECKS and it is NOT so, THEN IT MEANS that veracity is not to be taken without questioning. No one knows who anyone is in real life here, so REPUTATION is on this site alone. Same as in REAL LIFE principle of engagement. [3] Everyone on this site or on the other site depend on the TRACK RECORD ie have they a record of hitting Tier 1? Or if they say, they are CHARTERED ACCOUNTANTS, do they actually display any of the academic qualifications they say they have. It is important as they are telling folks a lot of things which goes again accounting principles one learns on DAY 1 101 eg ASSET. So, a lot of posting but VALUATION is 1 of the most important aspect of Finance qualifications. How to post on any forum or take a V IEW IF ONE CANT VALUE using known techniques investment banks use? Go into a bank and try to get a mortgage or loan. The form to fill is to ascertain assets and cash flow. So, if this is not a skill then what is there to discuss about RRR. That is why all day, it is about the past which has NOTHING TO DO WITH THE CURRENT. I gave the example of Solgold in Solomon Island and Raines , Qld which was not a success and each time, the co has to try again until they hit the Tier 1 prospect. What is the use of harping on Solomon Islands or Raines and if one lost, they one jumped on the WRONG TRAIN. Simple. [4] Lastly, I dont have to CHECK ON HELPFUL. I ask about CURRENT. The down cycle in commodities means that NEARLY EVERY AIM EXPLORER GOT HIT IE DOWN BY 83% AND THEN ON TO 99% DOWN. ALL THE SHARE CHARTS SAY SO AND OIL PLAYER'S 40 CO ANALYSIS PROVES IT. THOSE 40 CO'S REPRESENT A LOT OF the AIM explorers so almost the whole lot have been covered that is popular.----------CUT TO THE CHASE, PUT £1 IN ANY OF THOSE 40 OR THE AIM EXPLORERS, IT IS A LOSS OF 90% OR 99% AND NONE ESCAPED. FACTUAL AND PROVEN VS VAN ECK JUNIOR MINERS ETF says the same results. ANYONE THAT DOES NOT WANT TO HEAR FROM ANOTHER DOES NOT PRACTICE DEMOCRACY. [3] HELPFUL HAS A FINANCE QUALIFICATION AND IN REAL LIFE IS A PROFESSIONAL. I have NEVER FOUND HELPFUL not to be up on his academic knowledge and he is not behind time on a lot of updated stuff. So, I like to RUN THING PAST HIM as I think that single chamber thinking is not good but rather bounce off a peer. That way, everyone has a say. I feel AIMDog was very pointed in his Question to me. But AIM Dog cannot see the defines of LIMITING risk, hence he asked me what I will be doing. If Helpful does not answer, then I take the view that at some time, my own view will need to be PROVEN OR DIS-PROVEN. Eg,
With all due respect news, nothing, and that is a resounding nothing, that helpful has ever said would happen has.
I know you like looking at posters history of posting, it would possibly be an education to look at his. Again, and this is not a criticism as I don't particularly think you have an agenda, but you may need to look at thing from a different perspective.
Contd
THE MEXICAN TREASURY DID A OFFICIAL VALUATION ON SONORA and said that it was VALUED at up to US$600 BILLION.!!!
In AVZ vs DRC, the story now emerges from what appears to be court papers that $105 USD was paid to get the M...lithium project from under AVZ and that the lithium project is valued at US$105 BILLION. So, when Helpful said it was worth x, y, z, yeah, a sale of US$430m would mean a bigger valuation normally.
So, now all have lost out. MORAL OF THE STORY? SAME GOES FOR PAUL JOHNSON - the same thing from management observation. He made it via RRR and GGP and now there doesnt seem to be anything of Tier 1 potential. Again, no longer hungry in terms of management case study criteria.
But apparently, DL has woken up. Perhaps he is now aware that times have changed. DL is concentrating on Australia for a good reason. Majors are now moving to Tier 1 jurisdictions and majors are in a pickle in Mali. That is why RRR is doing a quick in , at FASO to obtain cash flow but longer term , well.....
Lets see what HELPFUL SAYS. We all wait to hear. I want it nailed on before I buzz off to enjoy my summer. ANYTHING THAT MOVES AFTER THAT , I WILL HAVE EVERYTHING AT COMMAND AND CONTROL ie all the info on hand and watching all the catalyst points.
Yes, if you look carefully, I said that I would leave and before then, I am having a good yarn with Helpful to make sure that I have everything nailed on. So, it is Sat. Then, I fell into the MUSONI contamination news that is making headlines because 1 MORE MAJOR MINE IS STOPPING OUT. Implications of which I think Maidit308 will want to know about.
Once I have determined exactly a schedule of what to look for, I can watch on Twitter to see what is happening ie RNS etc from RRR or tweet from Mr Bell.
This is my view on matters: DL HAD to make SONORA WORK. He can work FAST - he drilled Sonora like a mad man. However, this is where it all started going downhill. He and Lord C made an agreement that DL's REM would finance the drilling since Lord C couldnt get the money at BCN in Canada as capital mkts had practically shut shop. However, what DL didnt realise was he was PLAYED by the new CEO and board AFTER LORD C passed away. DL got a CONTRACT ie OFF-TAKE WITH TESLA and Seeking Alpha said that WITH SUCH A BIG NAME, BCN/REM could GET FINANCING EASILY.
THE BOARD REJECTED THE TESLA DEAL. DL was smart enough to get a scoping study done and DID NOT TELL BCN. Then, one morning REM released the study which stunned BCN's CEO, a newly hired chap. BCN said its not their scoping study but REM's on Sonora. REM invited shareholders to a LONDON party and told them that he would play a chess move re: Sonora. HE MADE A BID OF £1 FOR BCN. BCN let it out to the mkt and BCN rejected the offer although it was a very good price. Fast forward, BCN accepted a Chinese major's offer later at some 45p + & shares another lithium project which was of not much value. MEXICO GOVT THEN SEIZES SONORA inc REM's 30% JV ie the whole lot. HAD DL NOT DONE THE SCOPING STUDY FOR REM, then forget it, REM could not take any action if there was NO VALUATION but with a scoping study, there was NPV etc so VALUATION was there. MEXICO GOVT SAID: THE CHINESE MAJOR DID NOT WORK ON SONORA but they said that they were clearing a road. The BCN people did not work fast enough but DL used to work like Speedy Gonzales. Why? That Sonora project was the break he needed so he put everything in. Failure ? Why? Easy going a person but got eaten. Later, DL found out that BCN and the Major was going to take up his plans to export to the USA which was a short distance away to TESLA!!!! This is all history of the time. So, when people are hungry per the management criteria, they will WORK THEIR GUTS OUT AND MANAGE THE IMPOSSIBLE. How did DL get a TESLA off-take is a marvel. DL showed a pic of himself at the Tesla factory. Not an easy feat and even Seeking Alpha was impressed. CUT THE LONG STORY SHORT: NOW THE SHAREHOLDERS OF REM ACCEPT THAT IF DL TOOK BCN OVER, HE WOULD HAVE HAD THE MINE UP AND RUNNING THE MEXICAN GOVT WOULD HAVE NO EXCUSE TO TAKE AND SEIZE VIA NATIONALISATION and if they did, they would have to pay through their noses of which they dont have that type of money. MEXIC
News, just thought I'd look in, blimey. To say last night you weren't going to post and were contemplating selling your shares because of negativity on here (a very strange thought process I might say) you've gone into maximum overdrive. I'd hate to see the board if you said you were going to post more often! Just joking. And by the way for clarification, yet again, I'm a shareholder, as you try to allude that all bashers aren't. Anyway, genuinely, have a good night/weekend. Can't be bothered with arguing tonight!