Red Rock Share Chat (RRR)

You might be right,hope you are.Though some of us might be experiencing pockets of better fortune from gains scattered about,in Reality we are all standing on bits of ice at varying degrees of meltdown in a long spell of global warming.Mervyn King ex BOE -after presiding over a time of melt down for which he was partly responsible, gave his "last speech" -he said "inflation is lower".Yes that was his remit,officially.But really under the table they had a target to pay off all the debts by inflating them away using QE -our only hope.It may be that they can't at all do that. QE is causing nearly all commodities to drop in price which is killing the miners,especially those in AIM without visible sources of income including RRR (unless they can get a deal). Even that might only buy up to a 1 year window since it is only £6.77m and the cash burn uses that up as we've seen.
Nationally, debts are actually still rising year on year,the UK with some of the worlds' worst levels.We are all on the Titanic though some are fooling themselves as they have "better deckchairs to sit on..."
Yes in fact we are all those "frogs in a box" as rrrRRRrrr would put it.And we are mad.

I think you have to take into account the savage drops on AIM and low liquidity on the AIM market too.

This is oversold and when AIM rallies as I expect it to then there will be huge money to be made on this stock and many others.

History shows the junior market rallies 6-9months after the main markets after a recession.

Hi

What is your point?

when do we hear about you ? Though I know.

Bit did you get out?

Far be it to discuss other investments,but if you like after your comments on AFE that is exactly what I've been saying in my post earlier tonight and many other times here.Every investor within AIM miners must take note because this is affecting everyone (all of this is from articles by knowledgable people).We have QE the expected effect was to cause inflation.There has been some.However almost every commodity in the CBOE Index is down.For example I told you earlier manganese is down more than 1/3 since last year,almost certainly why JMS hasn't yet done much as regards growing the SP despite quantity production.Copper the barometer of the economy too is down over 1/4 from a year ago.Miners can't take this treatment much more.Especially smaller AIM miners without any large production ongoing.Investment has dried up,the banks recirculate the QE in a closed circuit so inflation won't rise much.The danger is govts. won't pay off huge debts as they hoped since the inflation won't rise.What you need to do is protect your capital carefully.I won't go into how here.Anyway yes mining is a disaster area and RRR has been no different.-in fact some are worse. Some figures up to date to show this.Over a year from iii Sectors in the mining sector though BAO and CHL have gained 159% and 175%,RRR has lost 77%,ATH lost 97%,ASTA and AVM 90%,RGM 83%,NVTA 89%,MNC 82%,and many more.

Mogo got out off AFE with s nice profit. . .lol

That's what we need. I'll wager all the aggressive little ****s on here wouldn't want to turn up in real life. I'll be there to smash the morons.

Did you get out of AFE..another skint junior.