Bambos - "But when it comes, and I believe it will, current shareholders will see significant added value"
No I doubt that. There was little to no value attributed to the venture BEFORE the licenses were revoked. So even if RRR were to be successful in their appeals, we'd just be back to that same point. Rampers simply cling to and clutch at any scrap of change they can find and then invariably overhype them with misleading statements of MCAP value increase and the like. The only thing that matters here is revenue, of which there is precious little, vs the expenditures.
RRR keeps trying to re-launch itself and convince punters it's all changed. Almost on an annual basis now.
It was a junior explorer, then was more of an investment company (with silly ventures into Dbar oil, Candy Sweets, Cloud Computing and the like), then it moved into oil then it presented itself as "an AIM recovery play" and doubtless the witty wordsmith will already have the next company label already lined up for Christmas.
In the end, what this company is, is a typical lifestyle AIM vehicle that the BODs have milked for some years now, presiding over horrendous SP decimation, shareholder value destruction, and participating in "death spiral" financing. It claimed at the outset of the year that it was changing its ways, cutting costs, cleaning the slate, yet here we are STILL diluting shareholders for cash and yet STILL taking salaries and benefits all the way.
Harry, one of the aspects that the Kenyan authorities will look at is the "exploration" that took place when the licence was in place. This was minimal and I think the Kenyan Government will be anxious to see any new licence holder do some proper exploration. That will require the correct resources and money.
no in my opinion the person who wrote that wanted to show what they really thought of the pi and their contempt for the pi - it was a desperate move by the author trying to belittle the pi as the author knew the pi has seen through him and correct - the author i,e, ab had no further ammunition left to defend himself with not forgetting that ab is the one who also approves the publishing of said newsletters at the time
i had forgotten about that - what a nasty way to talk about people who invest in his company and lose a fortune to continuous dilutions which are still happening
Harry I would guess that you've never transacted business in Africa, let alone legal action, otherwise you would not discount the difficulty involved as you do. It will still be dragging on this time next year with lots of fat fees accumulating. However there might be a need for a few director's visits complete with the old golf clubs
whinges about posters on chat rooms but in my opinion he has such an easy time from everybody else.
Tom Winnifrith: hammers other companies who mass dilute but when Andrew does it he either ignores it or gives him an easy time and jokes about it
Ben Turney: Starts action groups against other AIM companies but i've only seen him heaping praise on Andrew.
Twitter ramper Doc Holiday: For the past 18 months he's been intermittently ramping Red Rock and praising Andrew.
Paul Johnson: Lets be honest at the moment he is flavour of the month, the golden boy of AIM: he continually lavishes an unbelievable amount of praise on Andrew.
The only people who whinge about Andrew's lack of ability are the disgruntled present or former shareholders and maybe BMD. So in my opinion he shouldn't be whinging about a few disgruntled present or former shareholders who don't lavish praise on him in the chat rooms. With all the protection from the above, in my opinion what a lucky guy he is.
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