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You obviously don't understand Human interaction.
We have other positions elsewhere with CLNs and loans: one is an IPO in the next couple of weeks, one is an RTO, another is an RTO where we converted to facilitate the RTO. We have an adult conversation and come to an agreed position.
In the case of RRR, I don't see repayment being an issue but we will likely convert on or before the 19/12. A lot of news in the pipeline for RRR that will take the SP higher.
So what would have happened last year when Bell wanted to rollover the CLNs for another year, if you had refused to do so?
Helpful: "Why would we not convert given the current price level? By converting on 19/12 we maximise our position."
By maximising your position I assume you mean you are going to wait 3 months to collect an additional 3% interest? When right now you could convert and get shares at 0.60p which is around 80% discount to the current buy price.
In 3 months time the share price could have crashed. They should sack you because your advice to them to hang on for 3 more months is stupid.
As usual, you are making uninformed assumptions.
Why would we not convert given the current price level? By converting on 19/12 we maximise our position.
You also assume that we convert and sell. Maybe we want to convert on 19/12 and hold?
Your mindset is that we were and are locked in; that was never the case and I have made it clear to you but you know better.
In my view RRR is well under-valued.
I think it depends what's in the detail of the CLN agreements. So only the holders know.
Tell me what you think Mr Magic and I'll tell you whether I think you are correct or not
You have missed my point. I will repeat, what happens come 19th Dec when they refuse to convert?
Well Mr Magic from my understanding they are under no obligation to convert. Unless you know different?
Zu - "At present they are refusing to do convert. I think refusing to do so is utterly bizarre."
Think it through Zumore. What happens if the CLN holders refuse to convert ?
Couldn’t agree more. Was stupid beyond beggars belief To sell a top asset, but so many traders do the same and lose by trying to be cleaver When all they needed to do was hold. I bought in at 11p. Three times I have been burnt by RRR and it hurts. I do understand the bitterness of those who has suffered similar loses because in any normal company the chairman - CEO or both would have simply been removed. I just hope Andrew is fundamentally honest and wants to be thought of as a good entrepreneur and not a greedy sell interested charlatan. As they say what goes around comes around. Anyway if AB cannot make a multi million Pound (£50+m) company now with the bulls lined up and stacked in our favour then he really would be as useless as they come, however if he can then I would consider him managing to keep the lights on during a commodity bear market damn good. It’s up to you Andrew!!! What kind of man are you?
Last one was 2010 RRR and sister company RGM roared to 12p and 14p
Bell sold some cheapies to buy his Daughter a house and then sold everyone
else down the river
selling off most of the big asset of Jupiter to chase multiple rainbow failures
if he had sat on his hands and done nothing would now be pulling in around
£8-10 Million a year in Jupiter Tshipi dividends
taking into account the dilutions/consolidations those 12p and 14p would be
a few quid each in real terms now
Last post should've said:
"At present they are refusing to convert"
No Playtime no envy of CLN holders or with poster 'longterm'. After all CLN holders only have 3 more months to convert their loan notes into 0.60p shares if they don't they will expire. At present they are refusing to do convert. I think refusing to do so is utterly bizarre.
Likewise poster 'Longterm' says he bought 33 million RRR shares at 0.20p. So 500% up but he still wants more. To me that's greedy. He obviously doesn't know Andrew Bell's track record. Prolonged rises here are rare. So because I think he's pushing his luck no envy on that front either.
Interesting: up 11% off the back of that.
Again in da Hood.
Common think a JV may work for Kenya
As for CLN holders or long term making xyz who cares. Share price up and everyone makes money as long as they haven’t shorted the stock. It really seems petty Zumore to what I can tell is nothing more than envy. One thing is being critical of the company and yes AB has done some stupid stuff beyond anyone’s imagination and I agree is sometimes coy in some of his RNS’s (of course all in my opinion only), but now he has the opportunity to prove himself To the market that he isn’t out for himself and If he really is interested to leave a mark then there is no better set up for him to do this. .Anyway Let’s hope he does get on with listing gold assets, listing Iron ore assets, JV Kenya and get the SP up to double digits soon.
As usual you don't understand what you are posting about. No one, literally no one looks at 10 year charts. But I must admit you are right about relatively small rise: the Migori licenses are not yet fully reflected in the share price regardless of anything else.
How's the crude petroleum extraction business going BTW? Have you found much of the black stuff yet?
Your post is frankly puerile. Only the most shallow individuals would ignore the fact that the share has lost 99.99% of its value as a result of devastating dilution and then wax lyrical about a relative tiny rise. It's like an SP dropping from £10 a share to 1p a share and then chirping when the SP rises from 1p to 5p. Pretty shallow. This share will never go anywhere whilst the old BOD remain imo. They will continue frittering £millions on salaries and admin and expenses and on endless failed projects in remote places.
The recent rise isn't even identifiable on the 10yr chart here, which shows admirably how this share and BOD have performed.
Nothing will ever change imo
I’m going to make the best use of what I am sure is a very short lived bump in SP, cut my losses and get out. Acceptable long term assets but the costs of running this company far outweigh any benefit to ever be gained. By the end of the year, Jupiter will be sold off to pay the CLN’s. No money to develop Congo. If and when Kenya comes off there’ll need to be such a big raise that RRR need another consolidation. In a couple of years time $4 million iron ore royalties could come from Jupiter, but will be squandered on the next go nowhere project AB finds.
If you want a solid investment look at CAML. Copper is their biggest asset, which Helpless so diligently keeps pointing out is the place to be. Difference is this lot actually produce the stuff. The shares crashed recently on a small leak in their tailings dam but it was assessed to be of minor consequence and they are shooting up again.
I think some of your trolls are dropping out because of the embarrassment of still trying to deramp the shares all the way from 0.4p. I notice it has no effect on you, though you were a little bit shy on Monday and Tuesday.
Anyway, how does this work? You can go back and repost what other people have posted over of the last several years but no one else can go and repost what you and the rest of the ex-Wives Club have posted? Surely you are not ashamed and embarrassed about what you have cut and pasted so many times? Is there some reason why we should ignore what has previously been posted when it quite clearly contradicts the latest little gem?
Anyway, isn't it time for you to post the 2012 admin expenses or something equally irrelevant?
So two questions for you:
1. What is your expert opinion on the new asset reports that were published yesterday?
2. When did you become such an expert on Cruise Lines?
Magic your opinion is totally worthless. You said this would never go to 0.4, or 0.6, or 0.8 or 1.00 - you’ve been wrong every time. Surprised you’re not ashamed to post here as you’re consistently and embarrassingly wrong
Briarbank has every right to post here so quit trying to bully people off the boards. The only way this is going to 5p is with yet another share consolidation.
Nominal share price here has already been lowered from 0.1p to 0.01p so dilution could continue
Shares have already been consolidated on a 1-25 basis
Losses totalling over £40m have been posted since 2012
Over £16m cash has been raised since 2012 mostly via brutal dilution of shareholders
Over £12m has been frittered on admin and expenses in that same period
It is and always will be for me a total POS pumped relentlessly by crony rampers
To pay RRR 's running costs, i.e directors salary's, wages, overheads, rent, travelling expenses etc. over the last year has been met by selling JMS shares...
Not enough left to pay Kensai mining , let alone further exploration in DRC, Victoria, Slovakia and outstanding loan notes..........