Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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News, regarding Greenland I was thinking principally of graphite, though am aware of a couple of other bits and pieces. I am regarding that the technology of searching has improved and guessing the technology to extract has improved though appreciate those aren't the only ingredients when deciding and assessing what to extract, what not to.
Appreciate this is late but thought it would be too out of sequence tomorrow and expect I will sleep in.
Since NO REPLY, it just means that on Monday, 22 Apr 2024, the stock market will open and the cycle will START all over again as it has been for the last 3 years. It may continue UNTIL something happens ie one way or the other, RRR will have news of project updates.?
Me, I think Maidit308 said, its best shareholders talk to each other but I think I will not want to spend any more time on this forum engaging. I have tried my best but it is not accepted that in life, those who are BLESSED DONT carry such
attitudes which is not positive.
So, all the best folks. I will think over about my RRR shares but if I dont need to post and reply the same answers day after day, I can just wait it out with my RRR shares.
Have a nice week end folks. Thanks Helpful - I can imagine what it is like when a poster posted late at night as you said LoL. Thanks Maidit308 and H5O Fri, 19 Apr 2024 @12 midnight.
Helpful, is what is happening on this forum the same as in the days to the Carp Days?
There are now new people reading and I am also interested. Why? Never seen such ...on any stock forum on this site.
Thanks. Maybe, it will NOT be the same exactly but is the ill-will the same?
One can literally feel it because the feelings of the negative non-shareholders is so strong it comes through in posts?
Thank you. I would like to know. I pity A.Bell, Chairman as it is not stopping but this is not happening any where else ie at any other AIM co. Look at George and his raisings and not 1 sound on Twitter like this. Their raises as Maidit308 said are so much larger. Fri, 19.4.24 @11:25pm. No one in at this time. All quiet.
It appears relentless and I think no one is listening at all to life's principles of success.
Maybe, from the school of an eye etc.
Dont know.
I am now thinking of selling my RRR shares after having read the relentless posts on this forum today. It has been going on for years now. Maybe, I think there is not so good will to shareholders and perhaps it is best to leave it to the disgruntled, they call themselves and in their own words?
To me, never good in life to be so negative towards the co etc. I will think it over the weekend. Fri, 19.4.24 @10.20pm.
I dont know about the Carp days but it must have been somewhat the same situation as today? I dont know ?
--------------------SHAREHOLDERS OF RRR--------------
want RRR to do well. Maidit38 and myself etc. But the others who are NOT shareholders dont want RRR to do well and as they said, they are disgruntled per Banburyboy.
If Banburyboy is indeed an Accountant [Chartered] at KPMG, they tend to earn very big salaries especially if they are not 18 - 23. An auditor per the Daily Mail said one auditor's salary is £900,000 per year. So, how Banburyboy could have lost is beyond me? Why? Paul is a Chartered Accountant but he has learnt geology etc. So, the salaries are very high and losing £3-5k will not break the bank on £900,000 a year salary plus perks. Banburyboy said he is long in the tooth so not a junior 18-23 year old starting out. Dont know what is happening.
However, the more posting one way negative , as Maidit308 said, in life, it is not positive and everyone knows this principle of life. So, it is not about RRR but about the disgruntled attitude and the ...of wanting to find an outlet etc.
But we, on the other hand want RRR to do well.
LoL - two opposing forces. Hopefully, Helpful having done Finance could be of some ear help here to make sure that
Mr Black etc, the big holders will be able to get the Musoni international litigation money. To me, it would have been easy for Big Major to pay RRR some £60-80m upfront to get the licence after the JORC. Cheaper that way than to buy at US$430m from the state miner plus the US$20m the state miner was supposed to have paid VUP, the JV partner.
Everyone would have been happy at the reasonable price. But that was not to be and here we, holders and RRR are at currently. Let us hope RRR will get the DRAFT AWARD SIGNED.
Will patience win the day? It might and without the funders, there is no day after today, as it is with ALL AIM EXPLORERS.
DYOR. NIA. THAT'S ALL ON THIS TOPIC OF RRR. Fri, 19.4.24 @10,10pm.
Contd: was NOT the one. But it was the 2nd LICENCE THEY BOUGHT AT HAVIERON. The dampers said, huh, Newcrest drilled some x holes and NONE of them were that much good. As usual, they said, if it were any good, would Newcrest have given the licence up? What most dont know is that major discoveries were cast offs off the majors. 1 example is the legendary Voisey Bay. Coming back to Havieron -majors tend to drill a few holes and discard etc. One Exploration Geo on Hotcopper Australia said that spacing is usually wide initially and starting from the WRONG POSITION can MISS it. That is what happened and GGP HIT the big intersection with very good gold grade plus copper and the rest is history.
I will come to another study I did. I look at the folks who have made it , say Paul and I see some similarities. I cannot say if Paul will make it big again ie the big one given he may have lost the same hunger needed. Once a person has made some money, they tend not to be as hungry to find the big one ,hence I am watching Paul's few tweets. But Paul may have missed KILMORE.? I dont know yet. So, I think if one needs to make back the money lost, it is best to come to terms with the loss and take it from there. As Helpful said, let us hope x or y finds peace and start from there.
Nike: It was so long ago and when I do the research, it is late at night and I am almost falling asleep. So on Greenland, I have gone through the Greenland Mining register and I recall vaguely that the only project is the REE one that was the talk then. Ah, I also found out, that REE in Greenland can have contamination and that will be of no use. But that got no where yet as the govt is hot and cold depending on the new people who are anti-mining and then lukewarm. Hence, Greenland is not the most ideal these days - Jay is a case in point but they are trying to revive that.
I learnt that metallurgy is also important which I never gave much thought to. I will give 1 example of how 1 chap bought into Twiggy's co and it turned out the metallurgy was no good. The shares fell like a stone when the report came out and virtually turned into ...overnight. Hence, reports can make or break juniors. Anyhow, this chap BOUGHT MORE of these penny stock!!! Twiggy then decided to get the Chinese in as no one listened to him given he can talk. I watched the video done by himself of how he made it and it was a documentary type short video. I checked the details. This investor made it very big. The co became Fortescue, into double digit billions. In the UK, nothing like that has ever happened ie small mkt cap going into double digit billions mkt cap. So, I leave you with some positive thoughts given the mkt is closed on Fri, at 9.50pm and no one is in. Maybe, some positive thoughts will help going forward with whatever one wishes to do in stocks as a general bit of convo. In my case, I find its is that of many people's experience. I tend to look before I jump per what one learns at school. DY
Banburyboy, just as a thought experiment let's imagine there was a lender to a junior stock who also had some warrants. If the company went bust he might have the value of his loan protected, it's not guaranteed - particularly if the company had absolutely no value to its' assets left. If the lender had warrants he would have opportunity to do well if the stock appreciated in value. It there was any possibility of his loan being converted to shares - the lender could do well if the stock appreciated in value. Even if the lender was in a potentially protected position compared to a lot of shareholders, he may have the best opportunity of returns when other shareholders also have a similar opportunity to realise a return.
Sometimes a lender may or may not also hold warrants, may or may not also hold shares but I guess even if he is more protected than the bulk of shareholders, the safest way for his loan to be repaid seems to me for a company to do well.
I will provide some insight into my experience:
[1] I search a lot of stocks on AIM to see which can be the next big project ie preferably Tier 1. A lot of Tier 1's can become problematic in the later stages because capex is high ie into $bns. So, according to the Life Cycle of a Junior Miner or Lassonde Cure, it is the DISCOVERY stage that could provide the text book uplift.
[2] Many will tell of the experience that it only happens once or twice in one's lifetime. Any examples? Yes, Paul Johnson. \He hit on RRR during the 2010 period of the gold boom and RRR boom going from 0.25p to 23p which he has now tweeted himself in very recent days. He was also rather successful in Tiger Metals but the next big hit was GGP. Paul & Bell, latter of RRR Chairman did restructuring of a shell and Paul bought in at 0.10p. Paul has a rule that he will only go to the max 9x as a target ideal. So, he SOLD GGP but it went on to nearly 39-40p and Paul missed the chance of a life-time. One Sunday Times Rich Lister took a 6% stake in GGP at the 1.3p range. He said he was looking for 10p. It did hit 10p but whether he sold at this target or earlier, he did not say. However, this is a No 489 lister and during the downturn, he lost a lot of money in commercial property. He is a household name and he shares the SAME background as Paul's dad. I think GGP saved him. No one understood the results of the 1st 5 holes at Havieron [history now] but it was easy as Havieron is close to Telfer. It is easy to look it up but one has to search pretty hard for the technical report of Telfer as one is looking at first results which was yonks ago.
To prove the point, this former Sunday Times Rich Lister did not hit again big as I he said he went on to Tullow Oil which was past the discovery days. Paul also has NOT hit the big one yet from what I can see thus far, and proves that it is NOT something that happens everyday.
Me, I work hard to go through tons of data and juniors to read results and I dont have a whole dept of researchers so I have to do the work myself. Hence, why I make a lot of typos as my eyes are tired from looking at junior 's results. How to find a junior that has a small mkt cap with a potential of 10x. These days, even 1x is difficult as it is not yet a commodity boom day/s.
There is something that working hard may not achieve. It is to do with one's life and that is why as Maidit308 said, it is not going to help if one is.....I dont think I need to spell it out. Will Paul find the next big HIT? I dont know. Why? Paul has learnt a lot from his days on stock forums and it was said he knows who to listen to. Listen as in? Given some good commentary to cut to the chase I suppose. Paul knows quite a lot about geology etc now but to hit big takes MORE than just knowledge. That is personal to one's life and it helps if one is not ...all the time. One has to ask how Paul fell into GGP to restructure? One has to ask how BLACKHILLS, the first licence was not t
News, Commoditywise - it is not just diamonds in Greenland, historically or prospectively - a minerally interesting country with some retreat of ice - that said you generally know a lot more than me and in more detail, I like reading your comments.
So we touched $2,401 earlier. $2,400 is a bit of a resistance again
DYOR
6 ft 2in 16 stone.
Funny. I don't do pubs. So, does he know me? Probably not.
On the ACA bit re KPMG. I would be surprised if KPMG kept on an ACA mid forties/early fifties. I know lots of people who do M&A, both solicitors and accountants: they don't have time to drag people on here. Typically they are doing 16/20 hour day. I used to date a solicitor who did M&A and SPAs; she would say she would be around at 7pm and typically it would end up being 2/3am and she had to back in at 9am. Not being back in a 9am was deemed bad form. And yes I had to feed her at 3am and at 8.30. I know others on cases who didn't leave the office for three/four days on a deal close. They slept on the sofas in reception or on cots in their offices in between calls
I have also been involved in M&A and had to hang around for hours in case something needs signing. Typically they call you at the worst possible time and say, we need you to sign this and send it back now or the deal doesn't happen.
Anyway, let's hope he finds his peace.
DYOR
Banburyboy
You said you are long in the tooth. So, anyone PAST 30 YEARS OLD is aware that ALL is not rosy in life and to "LOOK BEFORE ONE LEAPS" in school. I do feel for Robins as he sounds very young to ring the co and just go on that vs things move quickly in the markets. Nothing is lost in its entirety in general and one has to move on. The only exception is Paul Johnson. Why? He has a new family given his divorce and that means young children and IF he had lost his whole £12,000 odd savings, it would be hard as he is not single and has family expenses. QUESTION: HOW DID PAUL JOHNSON GET THE BIGGEST BREAK OF HIS LIFE TIME in RRR vs EVERYONE WHO SAYS THEY LOST? HOW? Paul tweeted recently that in 2010, the gold market boomed and RRR went from 0.25p to 23p. Just multiply that ie 0.25p [1/4 of 1 p] to 2.5p = 10x and from 2.5p to some 23p is nearly 100x ie just under. So, £1,000 turned into £100,000 APPROX. SAME RRR one is taliing about. 1 man 's life changed and others say they lost 99%. How? Is it x or y? Ah, it is public knowledge what profession Paul's father was in. So, Paul is blessed. Maidit308 said something like it doesnt help ... But then again, using the word "disgruntled" per your own statement, Banburyboy is telling everyone that we are not singing from the same sheet. [the phrase commonly used as in song sheet]. Who's to blame for that? So, time to think and reflect. And find SOLUTIONS as day and night harping on X and Y is NOT GOING TO HELP or bring back the loss. EVERYONE is aware of that at some time if they have ever invested in stocks. Yes, I am sympathetic but I cant change FACTS as I had to learn myself and be realistic to face up to the fact as said by Dan Zanger ,the legendary chartist that "THE STOCK MARKET IS NOT HERE TO GIVE YOU A BIG CHECK." Dan has stopped investing altogether in any big way and he said so and why. Hope that helps and clarifies. I was blessed to have listened to the FREE INTERVIEW this site posted and paid for so that folks will be aware that in a COMMODITY BEAR MARKET, LOSSES CAN GO DOWN TO 99% AND THAT IS HISTORICAL DATA. Fri, 19.4.24.
NO ONE IS HERE NOW AS THE STOCK MKT HAS CLOSED so explaining otherwise, you portray that others are not sympathetic .?
P.S.
Banburyboy
Even Talkinfo now knows that he will NOT buy into RRR unless DRC or some other project comes in. Perhaps, he is learning that BUY INTO A CATALYST 101. Those who bought on a catalyst that did not turn out did not exit in time.
No, I have the same broker 101 rule ie all co's move on KNOWN CATALYST/S. They also DONT FALL ie share price for no reason if larger than norm @3-4% against the market. So, EVERYONE has to learn and many are generous to teach on forums , so much so, everyone now knows. IF THE SUM is too large a loss, then ask around what to do from others who have had that experience. Many of the legendary investors have lost that initial 1 big investment -Warren Buffett lost a big chunk and had to revisit his thesis.
Banburyboy
FOR THE AVOIDANCE OF DOUBT: I am spelling out the FACTS common to ALL JUNIOR EXPLORERS.
Shorting is also 1 reason how a SP funding goes lower.
That is not an overnight event.
Please dont try to turn the readers into reject the messenger.
Why? OK, there is LOSS. How much is the LOSS? If you are an Chartered Accountant, I have read from your few post, the max you have put in is £2.5-3k and max £5k which is not going to be mean no food for tonight. I went to school, you went to school and the basic taught is NOT to BLAME. Be like the AMERICANS, be a winner -------GET A STRATEGY OUT TO SEE WHAT CAN BE DONE. So, posting all day WILL NOT BRING BACK THE MONEY is it?
I tell myself the hard facts and I throw water [not actual water] over my head and say wake up and get something done.
It is NOT HELPING ANY SHAREHOLDERS OF RRR the constant neg over and over again - it is not moral either. There are a lot of shareholders on this stock given I checked the AIM Rule 26 at RRR website and can tell its Moms & Pops as they are from the basic brokers and not Coutts bank stockbrokers type. THE WARNING IS CLEAR NOW ON EVERY STOCK FORUM IE AIM STOCKS CARRY HIGHER RISK.
You ought to know. Trying to win the crowd is not going to help. Why? Balance is being posted so if the objective is to warn, it is everyday and repeats. What repeats? It is a FORMAT printed the same every day. Now, everyone can see.
YES, IT IS ONE'S PEROGATIVE TO BECOME BITTER AND TWISTED and that is choice. But it wont bring the £500 back.
OF COURSE, ONE CAN SYMPATISE. 101 says that one can only help one self IF THERE IS SELF ACKNOWLEDGEMENT and no one can do that unless one wants to help self 101 is it not. You mention "mad" and let me spell out what the medical term means - it is not being able to tell FACT from FICTION. That is why I CHECK AND FACT check what is being posted and I dont ring the CEO of RRR to ask and get assurance/s as at the end of the day it is THE $$$ RESULTS VIA RESULTS RNS AND THE PROJECT and whether it is Tier 1 and a major will buy it or there is cash generative etc. Some are cash generative and many are just explorers. So, if one wants cash generation, look for co's that fits, not pure explorers. Look at HAVIERON AND CASCABEL , yes Tier 1 but no SALE YET. Meanwhile, there are RUNNING EXPENSES = funds are needed. So will the Casino project need $$$. All 101. So, no point in asking the crown to ...again x or y on this forum. Same stated on every forum on this site.
News what zumore says is fact. You should check it out its easy. TWENTY FIVE to one consolidation.
Robins has been here forever and FACT is 99% down as the SP has dropped one hundred fold.
Helpful has bullsh*ited for the entirety of the fall and he by his own admission has never lost !
It's not rocket science. You are lucky you are in at a low price but please don't dish others who have lost a fortune in many cases because of the Granny mugger.
Yes as talkinto says there might be an opportunity at these low prices but Help is doing you no favours he's screwing anyone he can over.
Watch listen and learn FASO will be a dud like Tin Hill. Or if its not a dud will be hugely short of the rubbish Help posts.
The post was very clear ie MUSONI, DRC sold on for US$430m + US$20m to be paid to VUP, the RRR JV [501.%]. For these sort of sums, it would have to be a Tier 1 project or upper Tier 2. I dont know all the details of the project size but just looking at the sale price, it would qualify. IF THE DRC DRAFT AWARD IS SIGNED BY THE DRC COMMERCIAL COURT, then it opens the doors to potentially the next claim of $430m [ex interest]. Many posters on forums know that in general IF there is NO TIER 1 DRILLING PROJECT, then the market cap is low/lowish and common to ALL junior explorers. CASE IN POINT: I WILL CITE THE CASINO COPPER PROJECT ---as an EXAMPLE---of which Rio is in. @9.7%. MKT CAP OF co: C$325.47 @C$1.96, 52 wk low $1.27 and $2.56. MONEY IS BEING SPENT VIA DRILLING AND IT WILL NEVER BE CHEAP ie a few thousand. Mkt Cap is very telling the size of the project of the co that owns the Casino project. THERE IS NO PAY OUT as yet but the investors who got in early will benefit from the SP due to the mkt cap. THAT IS THE STOCK MARKET RULE BOOK on juniors. ON, AUSTRALIAN AND AMERICAN STOCK FORUMS, it is NOT like on this forum. EVERY ONE is aware what they are INVESTING IN, what to look out for and each will make their own decisions. NOTHING IS BY OSMOSIS in the night ie info/knowledge drifts into one's head on auto. So, everyone has to learn. The poster is said to be Canadian and therefore why I used the example of Casino that is in the YUKON. Same for RRR & Musoni sold on for US$430m and IF RRR can succeed as AVZ of Australia shortly in the DRC litigation in Washington, what a day that will be but it is not an easy path. The parties have a lot to lose ie $$$ etc. Point answered since Helpful does not want to repeat this answer. NO REPLY FROM HELPFUL, so I take it , the Chief Resident managed to get that PERSONAL INFO on Helpful's size and as I said how did this info come onto a public stock forum? It is not about size but about having to know where Helpful is at @office@home to find out and many of us live hundreds of miles from major towns @RRR office HQ per the RNS. I wont know if the directors of RRR are what size given all pics is assumed to be old/dish and one can only tell if one visits them personally which is against all rules of this site? Yes, No? LOGIC AND REASON ISNT IT? NIA. DYOR.
Victoria @Kilmore RRR Australia is a good licence and hence, it looks like there is IPO ASX interest? Await for info from RRR.
Helpul re comment about AB getting 'good deals'
What is the basis for your evaluation that these are "good deals"?
I ask because I dont see it. I see deal which require RRR to spend money. IMO the skill level to spend money is rather low.
I dont see any deals done by AB/RRR in which they received money in the 3 years. Perhaps I missed the news.
$2399 and looking strong to break 2400 again and this time keep it'' interesting times ahead''
I am not going to check what Zumore said as it would take ages to FACT check the share price chart and check RNS of that time. IF , it is correct, that the share price collapsed, then it doesnt collapse OVERNIGHT as a rule but there are signs of DOWN 5% and that already spells, check if it is against the general trend. GREENLAND? IT IS COMMON KNOWLEDGE WHAT THE WEATHER IS LIKE THERE AND THERE IS NO MINE/S there except one diamond or something like that. So, does that not say, tread carefully and watch AND CHECK PEERS? I am going to let Helpful answer that one as it is so long ago and I was NOT here. I have to rush for dinner.
Helpful
Since you have NOT seen comments about your size, I recall it was the Chief Resident who said you were FAT.
As in.? As in sounding you looked like Hardy? No one calls anyone "fat" unless it is really "fat." Most people are over-weight if one measures BMI. So, what is average to the common man is not necessarily means tested medically.
So, it is a bit strange to mention your "size" ie fat. How does a poster on this public forum know that? They can only know if they have sought you out or seen you. But then again, how can they know since they do NOT LIVE IN YOUR TOWN or near your OFFICE? How do they know where your "LOCAL" ie PUB IS ? Too many personal details, hence I run it through with you to CHECK whether it is FACT or FICTION? I did not want to ask but the answer will tell us shareholders if there is veracity in what is being posted? Some have so many different versions of their x or y that it becomes impossible eg how can the resident say he has been on this forum for 5 years when the official date of joining to date is 3 years. Then, the resident forgets and gives a date he bought in at RRR 18 years ago? I checked Linkedin and RNS of RRR and found that it was at ADMISSIONS when Mr Bell was NEVER THE CEO, Mr Watson, the Australian was the MD/CEO. Thanks. The answers are going to be interesting but I didnt ask as it is a bit rude but one has to find out if it is FACT or FICTION.
Robins, the RRR share price rose to 1.30p - 1.40p in anticipation of the Greenland asset selling in the late summer of 2013. As you know many bought in around that price.
Just over two years later in the winter of 2015 the share price was below 0.02p and Red Rock were announcing a 25-1 share consolidation.
So in little over two years the Red Rock share price was over 65 times smaller and many Red Rock shareholders investment got decimated.
So when some express surprise to you they do not realise how fast the Red Rock share price collapsed.
VIDEOS of gold production ie from FASO primitive artisanal to Parker of Gold Rush with a more mechanised approach but not high tech. I post links so others can watch. Folks made fun of what Willem , the Chief Geo said about RRR FASO and he is correct given the ore is all around them that the antisanal miners left. This is the same with MAKO , neighbours to RRR. BUT IF ONE DOES NOT WANT TO LEARN THE MECHANICS OF INVESTING, WHAT MORE CAN ONE DO? IT IS ONE'SAVINGS and one has to be RESPONSIBLE for one's own investment. IT IS ALL FREE THESE DAYS.
As for Robin, NO, it is not easy for me to spell it out as it is tough medicine but everyone has gone through it at some stage. IT IS IMPOSSIBLE THAT ALL INVESTMENTS HAVE TURNED OUT - it is against the law of statistics and very rare to have 10/10 wins. One will have hear of CUT YOUR LOSSES AND RUN YOUR GAINS -easier said than done but one has to start somewhere. In posting the unpleasant truth, I am hoping better times will come to those who have lost. On ADVFN, many have posted how they lost a chunk of their SIPP and how they turned it round by learning. Life is a learning process and true of many things. Robin in telephoning Bell should not have just stopped there but should have done more work on it. I was in Solgold and I dont ring Mather or contact him. I look at the GEOLOGICALLY MODELLING AND CHART EACH OF THE INITIAL DRILL RESULTS to see if this comes in with the prognisis of Dr Rohlach's geological modelling. So, learning geo is not difficult either if one just keeps to a few commodities. I only know more about prophyries as I follow that more. I know little about uranium , platinum, etc and I dont go into areas I am not familiar with. I had to learn as that is NOT taught in any course ie Finance etc. Sprott also learnt and so did Rick Rule. Moriaty is the same and he was a former vet [not animal vet but army]. I ask Helpful and he has been kind and generous and even then, I already know quite a bit about the RRR project , DRC and need fillers to fine tune. When do I exit my position in RRR.? I CONFIRM THAT IT IS NOT DOUBLE DIGIT % - IT IS OBVIOUS THAT IT IS NOT DOUBLE DIGIT but very small is the % loss. It is the spread basically. Hence, why I spend so much time and posting to ask and find out. IF THE LOSS WIDENS to the next +5%/8% region, I will review again. And so forth but certainly I will not be letting it run to 99% loss. I may revisit and KIV. That is general info and applicable to every stock. Hope that clarifies. The only unknown is the DRC - I cannot tell if there is more at play given that it is big money for the defendants 101? Not a simple case of £100k but it is also something that is of greater implication ie $$$ to the potential losers given it is $10m and potentially $430m @RRR 51%. That is something I will have to find out more about.
Talkinfo
I cannot see your post as it is at the bottom vs the old style of see it immediately below this post. So, I will try to answer so bear with me. IT IS PUBLIC KNOWLEDGE THAT Theeeeduke said I bought in on the RRR DRC RNS so from my broking account, I am in a small loss position but now that the stock market is closed, I cannot give the accurate % as on the summary the sell is 0.06p. In my time on this forum, I have not looked forward to posting given the negativity. On some forums, it is enjoyable as everyone participates and it is a balanced chat with fellow shareholders. EVEN if they dont agree with me, they have accepted what I said - Bird has just sold their gold op in Momzambique for some US$15m and they are upset over it. Bird told them about JV's but they are not listening given that country at the momo has some rather serious issues. So, its a GREAT achievement to sell as in a JV there is no lump sum. So, the other partner bought them out. They have now come to accept it BUT they never chided me for my view which in the circumstances was a very good result. PJ cant even get $900k from the sale of the JV licence, so $15m is big money in comparison. FOR THE AVOIDANCE OF DOUBT: READ MY POST VERY CAREFULLY. I DO NOT JUDGE ANYONE FOR NOT SELLING ANY STOCK UNTIL THEY HAVE LOST 99%. Why? At some time or the other, IT CANNOT CONTINUE ie this type of strategy. The London South East provided a MINING EXPERT INTERVIEW FOR FREE AND IT WAS POSTED ON =========EVERY FORUM===AT THE TOP SO THAT FOLKS CAN BENEFIT. It was NOT SPECIFIC ;to any 1 stock so the London South East has to have paid for it on their own and not company sponsored by any AIM co. That interview by this mining expert said that in a COMMODITY BEAR MARKET, THE STOCK CAN FALL 99% and therefore, in theory $100,000 =============BECOMES £1,000=====A LOSS SO LARGE THAT EVEN EATING BAKED BEANS AND TOAST FOR THE REST OF ONE'S LIFE WILL NOT RECOVER IT ALONE. ========NO ONE CAN SAY, THEY CANT LEARN AND IF THEY DONT, THEN THE LEARNING CURVE IS GOING TO BE VERY STEEP or dont buy AIM stocks or learn before jumping in. QUEEN ELVIS , a long time poster said, GO TO EVERY FORUM and READ FOR FREE and learn before making mistakes. PJ did the same on forums. I SPEND MY TIME UP SKILLING as a lot of what one has learnt is no longer current. Like how? Helpful said that at RRR Australia, A B did "STRUCTURE" drilling and it is NOT FOR GRADE OR INTERSECTIONS ETC. Perhaps Helpful may not be aware that I follow ASX stocks ie the JV partner and I know that 1 legendary CEO of Galaxy now sold for billions is the Chief Technical Director and he did "STRATEGRAPHY " DRILLING just like what AB did which is cheaper to get to the root of the modelling. But in the stock you expound , they appear not be be aware? I DONT SLEEP AND IN THE NIGHT, BY OSMOSIS, STRUCTURE DRILLING gets into my head. I have to learn and upskill. I check every conceivable info on project and the near neighbours and I watch videos
News let me tell you how someone can sit on a 99 per cent loss. Initially I had faith in AB. I spoke to him a couple of times and he was very reassuring. I would listen to his project projections and it felt like we were going places. Alas time after time he failed to achieve any where near what he was projecting but I stuck by him as he always had something else up his sleeve. I mean my money is gone but even today people like you listen to him and read up around the projects and he comes over ultra confident. Just be careful and I really hope he gets a few things right for all.
News...reference your comment on 99% loss.
It's easy to judge others but what is your strategy if RRR fails to deliver and at what point of % loss are you going to exit your investment if it occurs?
I imagine you are definitely into double digit % loss already?