Another fishing trip. Am I invested? Am I not invested? I feel no need to divulge such information on a public BB.
To answer the question more genericly, why have so many PIs, now stale bulls, invested in RRR? I would suggest that for some, when they invested, they didn't know or expect that the company would put so much of that dilution raised money towards debts and working capital as opposed to good projects that would return shareholder value. Others may have thought that with a diverse array of projects and ventures, surely one would come good and add significant shareholder value. I would think a great many remain invested because they have lost so much here on paper that they may as well just hold on in the hope that an exit point arises. Others obviously have pots and pots of money and don't care where the SP goes because they have the unique ability to constantly recover their positions with endless purchases.
The problem we have is not so much the dilutions, as how the dilution proceeds are used and whittled away. If all dilution proceeds went to projects that returned good shareholder value, things would be much sweeter. But as has been stated, over £12m was raised between 2011-2013 (many times our current MCAP) and what value has been returned? The SP has gone from 3p to 0.3p. Where did all that money go? Where is it now? How much of it, as Richard Poulden of Wishbone Gold would say, actually went into the ground? How much of it went to G&A? Equally, this year, we're only 5 months in and already £1.249m worth of dilution fund raising has been announced, £990K of it going to debts and working capital. How much is actually going into the ground, i.e. towards good projects that will return value? This is the real issue.
Well actually we were sold the idea over 4 yeRs that el limon was going to ramp up its production producing an income stream,so the model was to have an income agreed.unfortunately rrr failed miserably in this endeaver .all the way through this period certain posters have been bigging up the expectations until just a couple of months ago.you are trying to mislead people,newbies perhaps just like a year ago when yourself and old matt were hyping people into the g l deal.you both accuse magic of stopping people buying at low level well I believe you have some gall considering how many people got sucked in last year at over 1 p only to see their investment or punt as I would term it crash.the only advice on buying or selling I have seen from him was saying 1.30 was a good price ,and what good advice that was.I hope this is asustained revival for rrr ,only time will tell,but I do notice that your agressive posts towards m tend to coincide with a general ramp up.mat will probably be away in iceland if we crash back to .20s. G night.
Why not when. I got so nervous asking you that I messed it up. I ask again. Why in mothering Mary, virgin mother of Jesus Christ, would someone(you) who is dead against dilution, and likes to discuss income streams, invested in a company with no income streams and a passion for dilution.
This is a dilution company. It's what it does. You know this. You have seen enough. I even taught you how to spot it, and now people give you the credit as if you are the expert. So please for the love of god answer me this. If you only ever answer one question set my me, please let it be this one. If you are so against dilution, and this is a company who will continue to dilute, when in heavens sake are you invested?
You're entitled to your opinion. You're not entitled to state lies about other posters. I have never told anyone not to by shares here. Sadly I know you won't desist. You have a job to do and after a brief pause you will of course trot out the same old paragraph of nonsense again as if this conversation never took place. Pretty sad TBH.
The rise we have seen is great for short term traders and good luck to them. In and out quickly so as not to suffer the dilutions. Seems a viable strategy for those to whom the trading game appeals.
magic i have my opinion and i am entitled to it - the problem with you is that you just keep deramping negativity over and over and over the same thing - i have just read back some posts and notice at least one other person commented on your repeated negative drone - if you are holding why weren't you happy on the rise today then - are you not normal as a normal holder would be happy on a rise not try and shoot it down with repeated negative posts? oh hang on i remember now - do you mean your virtual holding perhaps? you had one of them last year too which you said you would sell.................. in fact did sell didn't you - ah wait that was another question you never answered wasn't it
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