Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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Angel - FYI I am not a Market-maker - just an ex long term TNZ/RLD shareholder hence a passing interest in watching how things pan out.
Look at the numbers for FURA rather than be swayed by a sexy coloured gemstone story and wishful thinking. FURA has lost money in each of the last 10 years as well as the current TTM. Return of Capital is -260% ! If they hadn't raised yet more capital the Quick and Current Ratios suggest the company would have had trouble paying its short term debts. Why FURA (or anyone else) would want to buy the Capricorn mine with its limited and generally poor quality material that two companies (Australis and Richland) have failed to profitably mine there is surprising. The previous RLD CEO had a PhD in gemstone mining geology and even he couldn't cover the costs of digging the stuff out of the ground. But then FURA has a track record of being a terrible allocator of investors capital.
Be wary of sexy story stocks - if you watch the Ed Croft video I posted a link to you will see that most companies exhibiting at the UK investment show he was speaking at (often with nice optimistic stories) were poor quality businesses and hence poor investments (expensive junk stocks rather than cheap quality stocks). I worry how some on here don't seem to grasp that a very low price per share doesn't necessarily mean it is cheap.
Granted - with RLD we are no longer thinking about value of the business; but rather simply the value of a cash shell that has an AIM listing and substantial losses on the books that could be offset against future profits.
Hi relephant
Haven’t seen you around since the good old days of tanzanite lol
Unfortunately when share prices reach these levels it does attract day traders and most will say anything to try and move the price. There are a couple of hopeful investors as well.
As you say fura have spent millions on loss making mines and unbelievably they still manage to raise money. Perhaps they are trying to build a portfolio hoping that some big mining company take them out, but doubtful.
RLD were clever with the sale happening just before end of December meaning they won’t have to publish accounts at end of June.
Look Mr market maker if Fura want to become.a.global company offering things that no one else offers it had to be a good company and work transparently and in good faith... from what I've seen of Dev Shetty he looks an honest hard grafter for the sake of his business who has future aspiration for the growth of coloured.gemstones.. there has been ample.evidence provided if u search back on my posts .. so I refute what you are saying and.i am optimistic for the future especially for the coloured.gemstones market going forth which the board members have in common.
Beware of market makers trying to get large shares numbers for bottom.price discounts to then sell back to you .
Presumably for an RTO to make sense the buying company needs to have profits it can offset losses against to reduce its tax liability (which FURA doesn't have).
Agree with Quindell and Graham-Wales. Don't shoot the messengers. It is a pity that this board has sunk to predominantly twitter length highly speculative micro-posts and wishful hunches (without in most cases any supporting evidence presented to justify the confident assertions presented). I fear for the bank balances of those who think speculating is investing and that "0.1p is so cheap" and "it must go up from here" or "this is going to fly by next Wednesday".
Maybe someone might want to buy RLD's debt with an RTO to offset losses against a profitable business. However, who on here is knowledgeable or experienced enough with RTO's to comment and give good advice? I certainly am not.
FURA is also a rubbish company, that has like Richland been loss-making for years and like Richland has burned through millions of dollars of shareholders money while seriously diluting their holdings. Why did FURA want to buy a twice failed sapphire mine that couldn't produce enough quality material to even cover the costs of digging it out of the ground?
I suspect the only people who might get something from this RLD mess, in the end, will be the insiders and directors and the odd pump and dumper, with the average retail shareholder losing out. RLD has had a track record of some questionable deals (e.g. Tsavorite), leaving shareholders in the dark (e.g. failing to give shareholders proper breakdowns of sizes, quality and colours of sapphres and carborundums mined and prices achieved for each class) and misleading shareholders ("sapphire operations about to become profitable" and " can't find a buyer for the Tanzanite Experience " yet it was still operational after selling their Tanzanite operations!"). Caveat emptor.
While not for me, I will keep an occasional eye on this to see how things pan out. Hopefully, for the people still speculating with money in RLD there will be an RTO within the deadline period that gives them a return in the end.
Worth watching Stockopedia's Ed Croft's 2106 "Manage the Monkey" presentation he gave at a UK investment show (https://www.youtube.com/watch?v=K174mUaSV4U). He presented some interesting results from a study of the performance and quality and value of the 100 most discussed shares on UK bulletin boards. Only 4% of the 100 most discussed shares were what could be termed good cheap quality stocks (that tend to outperform). Instead a large proportion of those being discussed on bulletin boards were deemed "sucker stocks" that were expensive loss-making speculative junk shares (based on fundamental analysis). The average performance he quoted for the 100 most discussed bulletin board shares in the UK was -22%/year - well below what the FTES100 did over the same period. Studies in multiple countries have shown that on average individual retail investors underperform their local markets.
For those gamblers out there - good luck - but don't put in more into RLD than you can afford to lose. Bew