mrm - i thought you promised more than once never to post on rrr again? have you answered all those questions yet?
but you couldnt stay away could you because you need your fix of deramping rrr however how subtle you try to make it look........................ i see you managed to fit in your favourite 'dilution' word in your post yet again - so predictable
MrM the fact that you actually acknowledge there was deramping going on will make the day of a lot of people here lol.
Iro ore has had a bit of a recovery recently with Chinese replenishing some stock but the fact that they can leave it really late to buy (as they can get iron ore directly from the port) make it difficult to predict some demand + couple that with shorting + excess amounts being pumped into the market by the big producers trying to bankrupt each other.
only way to bring iro ore prices back up is by an OPEC style cartel but I dread the day that happens ;)
The ramping that has occurred on this board has far far outweighed the deramping for the past 2-3 years.
"I can't get my head around all the doom and gloom that's being peddled by certain posters, especially not regarding a placing. We've received the first tranche of cash for Colombia, IC is funded until the end of the year (AB is there at the moment/earlier in the week), so we should be OK."
I think these points you made are valid. People shouting "placing!" have no facts from which to make such claims but, clearly, for a company that has lived and breathed via repeated placings these past 2-3years, any sensible person is going to expect that at some point there will inevitably be more fund raises UNLESS something significant changes which negates the need for them. Regardless, the fact is that we absolutely MUST currently have some money in the coffers from the various recent fundraises and first tranche payment of Colombia, though we must deduct from that the pay-off of the toxic debts we had and the day-to-day running costs and admin of the company. Whatever money we have left, ought to stem dilution for a while at least, but it isn't going to last forever.
In the final analysis the fundamental issue here is always whether or not enough income can be generated (regularly) to match the company outgoings. If not, it seems prudent to expect further fund raises.
The future hope, is that Jupiter might provide that steady and regular income via royalties and dividends but that future could be some time off. The iron ore markets need to recover before we can contemplate any royalty from Mt Ida for example. Whilst we wait for those future hopes to materialise, it's either more asset sales, or more dilution, so everyone must assess for themselves which is more likely and act accordingly.
What is odd is to hang around for years with the same pathetic defending tactics when over the period of defending the share has lost more than 95 pc of its value..more natural as an investor to be complaining than patrolling gaurd like. People that bought in the .20s are even massively down.they turned up predicting big rises..I make no predictions on sp or of it falling but do not agree with blatant ramping,even in shares I am confident holding..anyway I am off to the roundhouse for a great night out,which beats the hell out of getting drawn into another viscious circle exchange.have a good night guys,particularly trainedtokillruss,who will have another busy night on ukog giving them the benefit of his wisdom whilst inventing a new language in the process.on your marks.
Have to admit I've made a few duff calls over the years and sold at a loss but I've never hung around to try and drag everyone else down with me. Although I can understand the feeling that selling at a loss inspires - you don't want to see the share suddenly soar north afterwards!
However (and this is the important bit) you live and die by your own choices, as do other people. Nothing good ever comes of regretting a choice or trying to make other people suffer because of them. Thing to do is move on and make the best of the situation, not to dwell on it (like certain people on this board seem to do).
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