George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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13% up taody and you and your cronies bang on form How sad you lot are
Mr Magic STILL HERE !!! How many years of bashing this share. Are you just a bored individual. Youve never once stated why you are here. Never once stated what shares you have. Anyone else here I would ignore this bloke. He's been on this forum for over 5 years and will shoot down any rise or any ounce of enthusiasm from anyone that dare tread here Time to give it up Ken. Its not worth it
I fear his enthusiasm may have also dwindled somewhat... let�s face it we have all been diluted to oblivion along the way and the Jupiter holding is the only thing which is actually keeping this going...
Dan when you speak to Daniel can you ask if he can come on here to give his views currently on AB. As you may know I am 90 percent down here and well remember Daniels enthusiasm in investing here. Cheers.
You should get an job as a Channel 4 interviewer, they like putting words in other people's mouths. If I was after I spike why would talk about the fundamentals of value. Everybody buys and sells it is just a matter of timing. Income investors might hold for longer than growth investors but if someone has invested in RRR as an income investor they have picked the wrong company. An income investor doesn't talk about undervaluation they talk about income, yield, dividend cover etc. In two or three years time RRR might be an income play but it is definitely not one right now. Again, you applying your view and thinking it is an objective fact. AB and RRR have done well over the last year and I think will continue to do so. Sit back and consider what is in the pipeline; there is value to be had here. You never know, the Elephant Oil might even turn out well in due course. DYOR
Just my thoughts, remember Tshipi had interest circa those amounts mentioned... you got Ida/mason/Alfred etc... I have no real interest in this stock anymore but still hold, just out of curiosity really... actually meeting my good friend D Sklan tonight... I don�t like the way AB does business and you�ll see him squander the Crown Jewels away... let�s see...
Your rose tinted offerings simply do not gel with how history has played out here and as always you neglect to mention the authority the company now has to issue up to 500m more shares at any time. If things were as simple and nailed on as you like to present them as, then RRR would never have needed to request authority to issue such a staggeringly large amount of shares at all imo.
Helpful, your eagreness to sweep under the carpet the past actions and performance of the company speaks volumes TBH. You craft questions to suit your agenda whilst skirting the real issues. 1. Is JMS making a distribution or not? Yep it sure is, but so what? Where cash comes from is to some extent matterless. What counts is how ANY available monies are utilised and whether the BOD create real shareholder value from it. History has a tale to tell here. In 2013, 2014 and 2015 RRR raised over �9m via various share issues. That kind of figure makes the handouts from JMS pale into insignificance. Can you tell me where that �9m went? What shareholder value was generated by it? If not then you're wasting your time with these ramps. Money coming into RRR does not equate to money going into shareholder's pockets imo. ABS was 100% correct to ask, where did the money from the previous JMS buy backs go? The rampers defacto position of saying "there's �X + �Y + �Z monies coming in soon so the MCAP is undervalued" is frankly utter kidology. Those who have tyracked RRR for the past 5 years know that money in does not necessarily equate to rises in the SP or to an equivalent MCAP. Only a total fool would ignore the history here. 2. Is JMS doing an IPO or not? Who knows? An IPO was only one of 3 possible options that Jupiter themselves announced. Another option was that they would be sold privately. Has an IPO actually happened? Nope. Was Greenland previously being sold? Did it actually happen? Nope. Believe what you will. Personally I still believe Jupiter could be sold privately. Until we see what actually happens I think speculation is somewhat pointless. Either way there appear to be plenty of people out there who don't believe the fantastical valuations being bandied about by the rampsters. JMS shares appear to have been on sale for many months at $0.35 on the website that zumore provided a link to and seemingly there were no takers. Go figure! How come you didn't hoover those shares up?! Illiquidity isn't an issue if you believe Jupiter will IPO and you presumably think $0.35 is an absolute bargain prices yes? . . . . nuff said. 3. Has Steelmin got an offer of refinance or not? Wrong question. Right question: Have Steelmin actually completed refinancing yet? Nope. Have Steemin repaid their loan to RRR yet? Nope. All the speculation and sound bites in the world are not going to invent 3.8m out of thin air. Why would a Luxembourg outfit want to lend millions to Steelmin so that they can just use it to pay off debt? They are surely going to want a VERY substantial set of deal terms to do that wouldn't you say? Don't you think it likely they will want a sizeable share of Steelmin themselves just as RRR and the other lenders did? If so, where will that leave RRR's share of Steelmin? Possibly diluted? Your rose tinted offerings simply do
Ah so you're a trader not an investor ! Based on that, sustainable dividend payments, somewhat underhand spinning of stories by the CEO mean didly squat to you, you make your beans through spikes. At least that clears things up. Guess to some moral fabric isnt part of their persona and so you should feel at home here if thats applicable to you. Part of the role of the CEO is to manage a Company in the best interests of shareholders. History clearly shows that this is not the case here and why people do highlight these issues as its still the same CEO still in power. Once Bell goes then yes this could easily trade on several multiples of where the price is now. "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." - Abraham Lincoln
ABS, just so you understand. I don't really care what happened 5/7 years ago. I wasn't a shareholder, maybe you were but that is your problem not mine. I have made money several times now on RRR and am again well in profit. I am only interested in the deals on the go now, can they be brought to fruition and how much money will the company and me make. Some of the things people go on about on here relate to RGM: I am not a shareholder in RGM and really couldn't care less about what happened or is happening at RGM. Questions for you: 1. Is JMS making a distribution or not? 2. Is JMS doing an IPO or not? 3. Has Steelmin got an offer of refinance or not? Are the answers to the above positive or negative? Is the company undervalued or overvalued? In my view they the answers to the above are positive. Fine, the company used to be worth more five years ago but that has no bearing on what is happening now. You sit there and talk about the good old days and I will just keep an eye on what the company is doing now. DYOR
Helpful - do you think the Russian with the Cypriot bank account will be completing the purchase anytime soon? Still think Manioli's wedding was the best excuse so far though! At least the crusher seems to be working now at The Lemon after 7 years ! Also Helpful - out of the �15-�18m odd raised here over the years, what do you you personally think was the best dividend payment to RRR shareholders to date and when will the next one be due?
If they are still shareholders they should be happy with the way things are going. According to some of them, Tshipi was worth nothing and would never be sold; the dividends were miniscule and not worth having. In any case, even if they were, AB had lost it all on his mad venture with Steelmin. Further even if the above worked out ish, the DRC is pie in the sky and would result in massive dilution for another mad venture. NB have a look at the current price for Cobalt! So far it looks like things are working out for AB and RRR. When we get the RNS confirming that Steelmin have repaid the loan on say Friday 2nd February it becomes blue sky for RRR. Obviously many a slip twixt cup and lip but we are nearly there. DYOR
Notable that none of the shameless rampers care to mention the fact that RRR just requested and gained authority to issue up to 500m more shares here in 2018. With 499m currently in issue that full allotment has the potential to double the number of shares in issue. How does that affect the ridiculous MCAP calculations being bandied about? The isolated Jupiter hand-outs are welcome cash, but as ABS quite rightly highlights, what does that money get spent on? Are shareholders here seeing a penny of it? It is only a benefit to shareholders if it adds shareholder value. Zumore posted an important link too. Jupiter shares that have been available on the private market for months and months and months. They were previously asking $0.35 a share. Strange that the rampsters here haven't hovered those shares up in all this time imo. I personally take the ramps for what they are imo. A rose-tinted world of cherry picked goodness and best case scenarios which purposefully neglect to mention the less positive aspects of the proceedings here. DYOR.
Vigorous discussion is fine (although a little more focus on the company as opposed to other posters wouldn't go amiss - and I know I'm no angel in that respect!). But there's one or two people here who have made statements that clearly go over the line. RRR/RGM has prior form for going after specific individuals who do so. Andrew himself has posted on LSE recently when one particular individual not so much stepped over but lept feet-first across that line. Some individuals are smart enough to use 'what-if' innuendo ("how would you feel if Andrew ate babies for breakfast? Shouldn't shareholders be told?" style). In general I suspect the Ex-Wives Club is more about emotional as opposed to financial need, which is perfectly understandable and human.
You can't litigate against people asking awkward questions. What happened to free speech?
Exactly, this has been a difficultly quiet company for a few years, now everything seems to be happening within a few months of each other. Kenya was a huge part of this company and has been in limbo for years - When that finally gets sorted (within weeks hopefully) that alone could make the share price rocket. When the license was taken away, the market cap dropped by several million. If they get reinstated with a partner ready, who knows what could happen to the sp? Jupiter IPO expected 750m-1bn is just a figure thrown out by brokers to get interest in the door. Anyone with a brain can see it is worth more than that. It will get way oversubscribed for that price and the sp will shoot up in the first minute it floats. imo. Steelmin repayment of around 4m will leave RRR with �1.8m in change after paying off its own debt. When they get refinanced, this will show that it is a solid asset to the market and highly valued by the company and a more professional lender, they do not want to keep giving 1% shares away to red rock, leaving them with 21-22% that is obviously worth many million on top. As Colombia production gets off the ground in 2018, the $3m owed to red rock will be paid back in more meaningful quantities. AB has just put in around 2 years salary a few weeks ago. DYOR I would be shocked if this did not multibag in the first 6 months of 2018. Steelmin + Jupiter shares alone are worth �20m, not to mention the rest of the assets. The warrants will dilute the upside slightly but RRR will still go to several pence imho.
Yes the issue is the illiquidity of JMS That suppresses the price - who wants to hold stock in an illiquid share? Get Jupiter properly listed and that alone will attract buyers and thus affect the valuation
Exactly. Buy these and cut out the middle man
The article in the Australian newspaper said shareholders would have the chance to cash out 20/30% of their holdings. Back end of March/middle April RRR should be cash rich. Para Resources repayment of loan note and royalty payment Steelmin repayment JMS dividend JMS share sale on IPO We just need AB to sort out Migori and DRC then this will be a proper company. With a bit of luck, he will get something going at Elephant Oil in due course. At $30 oil that was dead in the water, at $65 heading to $100 it should be a goer again. DYOR
Hope he's spending on litigation to stop the trolling of his company by the likes of you and the crew.....
so no one has answered my simple question - where has the money from the previous JMS buy back gone? Wasnt it something like $750k ?
RRR is getting a dividend (ie cash plus no change in their proportional holding of JMS) of about £1m per annum currently. Finger-in-air, let's pick say a 10% yield, and RRR's stake would be worth £10m. More than covers the mcap and brings in a wall of cash while we wait.
Dan - the buy-back is non-dilutive. Rrr own 1.2% of JMS. After the buy-back they'll still own 1.2%. Plus will have $500k in cash extra. Really, what's not to like!
are still looking to sell. https://primarymarket.worldsecuresystems.com/open-assets-on-offer/global-manganese-producer-existing-shares-multiple-parcels
Yes 100% agree, perhaps they may list on the wrong day or have a none pleasing colour on the promotional material used. These guys do make me laugh.