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Member Info for MrMagic

Member Since: Mon, 13th Jun 2011

Number of Share Chat Posts (all time): 7,097
Number of Share Chat Posts (last 30 days): 43

Last Posted: Today 14:06

Post Distribution over the last 30 days

Today 14:06

"this sp will rocket probably back to 1p as it will stop further dilution "

That's pure speculation TBH and I'm not in agreement. The initial $2.5m equates to just £1.47m at current rates. Just tot up how much money has RRR already raised via issuing of shares and CLNs just in 2014 so far, just for debts and working capital!! £1.47m will not go far imo. Equally there is no way that it will see an end to YAG imo. The only thing that will achieve this imo is a steady alternative income stream to the issuing of equity. When the £1.47m runs out and also the following £588K from tranche 2 payment, significant income will still be needed so it will be back to the norm imo.

I agree with you that there are potential income avenues in the future pipeline as you have highlighted, but we really have little idea how long it will take to realise their value. Ideally, for me, IF the mine is sold, then the £1.47m and £588K should be quickly devoted to something that will generate a steady income but it doesn't really seem enough to achieve that. I think 0.50p will be about right for a short term rise though it will of course be pumped strongly by the "mob". Whether any rise can be sustained is of course to be seen.
Today 12:49

"I'm sure I've seen this film somewhere before............................"

not half !
Thu 16:30

I suspect chat will ramp up again tomorrow if we get an update RNS on the CLN. Depends on just how many shares YA have managed to convert. Will we be in for another month of the CLN? Will it be finished? Will there be another CLN?
Wed 20:36

Friday night RNS imo to provide progress update on CLN. First update was towards end May, second update towards end June and so I predict third update here towards end of July. Also I note the 10000 trade today which some believe signals an RNS within 3 days.
Wed 15:26

"IF he's confident with that amount of cash then Im definitely interested. You must think that a positive surely"

Why would you be "definitely interested" about the 10% holding of a private investor when the actual chairman of the company only holds 0.23% of the company he is running ? Surely you'd agree that the chairman must know more about the company than any provate investor yes?

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