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Member Info for MrMagic

Member Since: Mon, 13th Jun 2011

Number of Share Chat Posts (all time): 7,958
Number of Share Chat Posts (last 30 days): 219

Last Posted: Fri 14:25

Post Distribution over the last 30 days

Fri 14:25

Interesting how they are still claiming I hold no shares when it's impossible for them to know my position. Their claims that I stated I have no holding are totally unfounded, I have said no such thing. They seem paranoid, even accusing LSE of paying me to post here ! Go figure.

It seems to me there exist a contingent of traders out there who view the LSE (and presumably other BBs) as their personal platform for organised stock promoting just because . . . well, that's how they have always used it. They don't deem it to be a free and open chat/discussion forum and thus seem intolerant of posters with contrary views.

I shall take a break for a while for the harmony of the board until we get news. ATB

Fri 14:03

"Why not collectively understand your holdings and call an EGM?"

I believe this has been attempted before either here or with RGM. I suspect a key problem for any small time group of PIs is that the RGM holding can be used for voting in an RRR EGM and vice-versa, I'm really not sure on how that works. It seems wrong to me though if the situation is that a chairman of Company A can use the voting strength of shares held in Company B as his own votes, whilst he is chairman of both A and B. Same for the reverse situation. I've no idea how that all works and if anyone else knows I'd appreciate a clear interpretation.

afaik and regardless investors like DS have a massive holding.
Fri 13:26

Since people are talking about the up-coming UKIS here's a reminder of the Gold Session from last year's show where AB joined a panel with Dominic Frisby, Richard Poulden, Amanda-Van-Dyke and John McGloin.

Fast forward to 25.40 mins

to hear Dominic Frisby talking about the existing bad behaviours of some junior exploration companies and where he cites statistics that revealed that more than 50% of all funds raised by such companies went to management rather than "in the ground" and that a whole raft of lawyers and fund raise companies emerged to support that poor situation which all now need to be cleaned up.

Fast forward to 29.00 mins

To hear Amanda and Richard give their wisdom on how to select good companies from bad looking at track records of achievements, how funding is used and so on.

All very good stuff..
Fri 12:56

"Totally confused to your thinking on the Colombian sale as from reading some (maybe not all) of your prior posts, I thought you were very anti the sale on the new terms."

Indeed, I think the terms absolutely stink. I believe the mine HAS to be worth far more than AB is selling it for, not least because RRR has for some time been investing profits back into it's infrastructure and amenities (according to AB during an interview). If that's been the case, where has all that money gone? Why would we invest in the mine's development and then not recoup that investment when selling? I am no expert in mining but my common sense and instinct tells me that a salvager walking on site would surely be able to break up and sell all the equipment and collateral there for more than £600K ! Or is the whole thing just a hole in the ground and a few pick-axes and buckets ?!!! Something just doesn't add up there.
Fri 12:51

Well, he turned up at last year's Gold Investor show and said very little imo. He was flanked by other CEOs who were making speeches about how investors ought to pick and choose between AIM mining/exploration companies, stating that they should be wary of typical inflated marketing claims, look to see how much company money "goes into the ground" rather than to admin and look to see how much the directors have invested. Both Amanda-Van-Dyke and the other guy (John McGloin I think) did this whilst AB imo sat rather uncomfortably in the middle.

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