Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I’ve said this many times - but for some reason Helpful wants to keep this CEO (who STILL hasn’t explained where the £1m was spent that was raised in the middle of last year that seemingly went unnoticed). I only own 2% of outstanding shares now, and won’t buy more until Bell is gone. All he would do would be to see the price rise and fundraise/dilute again, so I have no confidence with this person in charge of sustained value. It’s disgraceful and he needs to go!
benefit for shareholders? Is there any?
Reading Orion10, it is evident that hindsight is a wonderful thing BUT, we must move forward.
On the assumption that HELPFUL & LONGTERM who seem well connected to the BOD are not, but are aware of, the Mr Topham who holds 16% of the shares, is it not possible for them to put forward a strong candidate for the Board, who would provide the blinkers that AB needs, to bring these projects to a fruition, for the benefit of ALL Shareholders.
https://www.mining.com/copper-price-up-as-chinese-imports-surge/
Helpful Tshipi was in the works for some time but irrespective I have never claimed credit for Tshipi. I have at every juncture said it was a world class asset. See my posts on Hot Copper. Too tired to repeat but in a nutshell notwithstanding Tshipi has been a great success and paid out generous dividends both JMS and RRR failed to grasp the nettle and position in iron ore. If they had -given the institutional support Pallinghurst had at its disposal like Investec -and Posco - JMS and to some extent if RRR had remained the stalking horse it too - could have generated huge wealth for their shareholders like FMG and MIN. Significant capital appreciation as well as dividends. There is no comparison between wealth generation in iron ore and a commodity like manganese.
It's still not too late for RRR if it wanted to become an iron ore player . All I get is 'iron ore is for the big boys' which demonstrates a complete lack of understanding in the UK of an industry that is minting more billionaires in Western Australia than all the other commodities combined.
You resigned as a director in May 2009. The tshipi deal with Pallinghurst was done 14 months later.
https://www.proactiveinvestors.com.au/companies/amp/news/137535
Good post Orion and one of the aspects of JMS management I could never understand- no need to pay 14-18% divis when 6-8% would have been suffice with further development of assets. Annoyed me that they didn’t make a bid for the port too at the time. JMS seem to lack ambition and it shows. A one trick pony. Annoying RRR have failed to mention that the IPO won’t go ahead and considering its material, that’s well below the line. This is why AB is getting such a poor reputation in my opinion.
My estimate of 2p is looking a long way off now and I thought we had turned a corner. And to top it off, i Honestly can't see what will send this share back up? Starting to dread Andrews updates!
I am the individual who instigated the successful takeover of JMS by RRR with the assistance of Brian Gilbertson and Pallinghurst -against all odds - and vehement Chinese opposition. All so long ago --- The Tshipi manganese asset was a very good acquisition and has paid off handsomely.
Having said that Priyank Thapyilal and the board failed to carry on with iron ore and position the company as a multi billion dollar enterprise like FMG when they had that opportunity. I put countless iron ore projects on Thapyilal's desk over the years which he ignored. If they had listened to me JMS would not be sitting on a small hematite resource but a very large resource with iron ore going ballistic - boasting a market capitalisation fifty times it 's present market cap. They had and still do have the firepower if they had aggressive management who understood iron ore and positioned -like MIN for instance. RRR also had the opportunity to continue to leverage iron ore -to have used my/our expertise on a continuing basis.
RRR would now be sitting pretty if in the past few years they had also listened to me when through intermediaries I offered iron ore projects that would have RRR with a vastly increased market cap with exposure to the best commodity on the planet. ( I have a new IPO --Peregrine Gold listing next couple of weeks on ASX for which I assembled all the acreage and just completed deals with THR and TKM -including iron ore.) I have lots more iron ore .. When will the board of JMS grasp the nettle and use their firepower !! I know of a sizable iron ore resource 60% + Fe right now that would put JMS into the big league . And I have smaller iron ore prospects that would light a fire under RRR too.
Did it all before -still doing it -iron ore potentially heading for USD $ 200 tonne ! As for the pension fund - interesting indeed.
1. No one knows when at the moment. All avenues need to be explored. I have given them a couple of ideas.
2. This one is not a AB's door. Priyank and the CEO have been driving it.
3. The pension fund doesn't want the iron ore assets developed.
4. The shareholders voted for the spin-out and that is what will happen, one way or another.
DYOR
Helpful any idea about timescales to get it sorted? I thought AB for once had something going for us but alas no. Can the man do anything right?
Not off but rather halted. This will get sorted.
Same old. Asset prices rising, bumbling interviews, positive news with RRR licenses and yet, as always, share price decline. Common theme as always - no one will invest in Bell. It’s a no brainier - when looking at the news, RRR IS HUGELY UNDERVALUED. So why is no one sweeping up shares here? Because bell is univestable.
They are working on it.
The issue is RTZ and the aboriginal caves they blew up. The pension fund is big on ESG and doesn't want to be associated in any way.
DYOR
It's pretty clear Jupiter are not happy about it, one wonders if they will find a way around this.
Yep, you couldn’t make this up. Bad news for red rock. Only option is to sell it, then where does that leave rrr with AP or develop it and hold off the dividends, maybe then pensionenfords will sell out if they don’t receive divis for a few years. Either way bleak for RRR in my opinion
https://twitter.com/BurggrabenH/status/1368530215329296389?s=19
Nobody important.
I just read the stuff that is out there, remember it and put it together from time to time.
I was mentioning the iron ore assets just under two years ago. It has taken this long for progress to be made. 11th March is a big day.
RRR has other ignored assets that will do well in due course. I expect that RRR will do very well out of POW in due course.
DYOR
Hi Helpful
It’s puzzling me for a while. Who are you really? You can’t be ordinary investor like us as you have info which only bod can have.
By the way I like reading your posts.
Just watched the Andrew Bell interview from the other day that most were moaning about and I've got to agree it was a tedious rambling interview. He certainly loves his own voice does Andrew.
At the 2 minute 30 second mark watch the interviewer ask him a question and then he rambles on for 3 minutes and he doesn't even answer the question.
https://m.youtube.com/watch?v=YompXPouf6Q
We can spin out and raise money or royalties as much as we like. It doesn’t make the slightest difference because AB wastes the money EVERY. SINGLE. TIME. Completely incompetent. If anyone thought any different they would be buying shares here. Take the hint and get him gone. Don’t know how long until people change it or believe it. When I was announced as a major shareholder here the very next day the guy called me asking for more money on a PP. embarrassing.
He did an interview a couple of months back talking about JMS. He was saying that RRR had a strategic interest in JMS because of the iron ore assets being spun out of JMS (Juno Minerals Ltd 11/03/2021) and that once they had gone it made less sense for him to be a director. He also flagged up that JMS was at a large discount to its true value and that either the value would rise or a bid would come in. Either way, he is flagging up an exit from JMS for him and RRR.
Once the JML spin out is complete on 11/03/2021, it brings closer us monetising the iron ore royalties.
DYOR
I suppose we are stuck with AB. I used to own millions of shares here but now only own thousands of shares yet I have never sold a single share. Don't suppose AB has suffered the same dilution.