Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Contd:
Of course there is some risk in going for KILMORE FIRST. Why? It will require quite a bit of STRIKE @Kilmore and also UNLESS DRILLED , one will NOT know if there are LONG INTERSECTIONS like Sunday Creek. I think I hear the CEO Geo of Southern Cross Gold, ASX stating they go up to 1,000m. Ah, that is expensive drilling. To do that, one will need an AUSTRALIA GEO OF RENOWN to PULL THAT TYPE OF FUNDING eg A$10m recent funding just for drilling. But unless they find some good initial results , no one is going to FUND. But since they have made PROGRESS, then yes, they can get big funding. SO, I SUGGESTED TRENCHING TO FIND OUT WHAT IS AT KILMORE BUT SILENCE so I gather the powers that be are NOT GOING FOR KILMORE PERIOD. So, that ends that. Fine but I am not keen then. NOR DOES IT LOOK LIKE THERE IS FEVER BREAKING OUT FOR BALLARAT EITHER, OTHERWISE, BY NOW, ONE WOULD HEAR THAT THE IPO IS ON ITS WAY IE FORMS FILLED, BROKER CHOSEN ETC. DL CAN GET THINGS DONE QUICKLY SO NO SOUND MEANS THE AUSSIES ARE UMMM, UMMM , AHHH which one knows over a passage of time, what it could mean. LITHMUS TEST: IF STILL NO SOUND, THEN PROVEN THAT THE INTEREST IS NOT FEVER PITCH FOR BALLARAT DRILLING AND OF COURSE BROKERS IN AUSTRALIA GIVE THE PUBLIC WHAT THEY WANT , AND NOT WHAT A CO WANTS TO SHOVE AT THEM. THE POINT IS EVERYONE KNOWS WHAT IS GOING ON AT THE BALLARAT AREA -----------IT IS PUBLIC KNOWLEDGE with an AIM drilling and getting x here, y there. THE CEO OF POW AT THE PRESENTATION REPLY TO A QUESTION STARTED WITH "BALLARAT" and I dont know if he knows about KILMORE since the person ASKING did NOT CORNER HIM ON KILMORE. So, the wait continues but I think there will be no shift as the powers that be says NO. End of. One day, KILMORE WILL BE DR
--------------------RRR NEW BALLARAT , VICTORIA.--------------
Thank you HawaiiFive0 for the video interview. Since you gave the time of the CEO of POW 's answer to the above at 23mins, I could find it. Let me post the REPLY by CEO of POW re: RRR New Ballarat Gold, Victoria, Australia to the question posed: "BALLARAT GOLD : N U G G E T T Y, drilling expensive. Not sure if he mentioned Agnico as couldnt catch that one. Then, the CEO explained that RRR owns 51% and that if it goes to RRR the 100%, they get shares in RRR and if they drill and DO well , then they have exposure. He mentioned IPO."
My Comment: Yes, CEO of POW is correct in that not only RRR own 51% of New Ballarat Gold JV but what I didnt know was that RRR HELD THE LICENCES but this is norm since POW is only a 49% holder and therefore RRR is the technical operator. I am pleased to hear this interview. Talkinfo does NOT UNDERSTAND what nuggetty gold is and why it is expensive to drill such nuggetty gold. This I think he is referring to the other AIM co at Creswick, near Ballarat. You see, nuggetty gold at the other AIM co at Creswick is not getting LONG INTERSECTIONS and grades are o.k to an extent. So, that means it could be SPREAD OUT over the 10km strike. I think NO DEEP HOLES HAVE BEEN DRILLED. So, that is why is will be expensive. It is also Paul Johnson's style and that of many JV's is to LET THE OPERATOR take the drilling forward and let them pay for it or get some other way round it. So, I think that means that POW cannot do anything with the 49% as they are NOT THE OPERATORS OR MAJORITY OWNER OF THE JV. Fine. However, if I was there, I would have asked Paul Johnson if he was THE CEO that since he did the commissioning FOR SUNDAY CREEK to see if Sunday Creek mineralisation extended to KILMORE @RRR/POW and Paul found it did at DONNYCREEK @200 g/t gold vs 199g/t Sunday Creek, it would make sense to go for KILMORE, NOT BALLARAT DRILLING. WHY? LOOK AT SOUTHERN CROSS GOLD'S MKT CAP AT A $ 200 MILLION REGION JUST FOR DRILLING AT SUNDAY CREEK with NO RESOURCE yet. AND THEY JUST RAISED A$10M JUST LIKE THAT AND CANADIANS ARE CLAMOURING TO GET IN , HENCE DUAL LISTING SHORTLY. ON Hotcopper, someone said A$500 MILLION MKT CAP FOR 100% SHARE OF SUNDAY CREEK. =========I NEARLY FAINTED WHEN I LEARNT THAT THE EXPLORATION TARGET ON THE OFFICIAL PRESENTATION IS ONLY 1.6MOZ GOLD.=====
---------------------------------CONFIRMATION BY NEW CEO OF POW------------------------
There you are--------the words from the horse's mouth. SO, NO KILMORE AT ALL INTENDED. BEHIND THE SCENES WHO KNOWS WHY NO KILMORE BUT BALLARAT DRILLING. So, POW'S CEO gave the reason as above which is its expensive.
SUNDAY CREEK ---THEY ARE FINDING ---------LONG INTERSECTIONS WITH GOOD GRADES AND SOME OUT OF THIS WORLD GOLD GRADES. It is A$20m to do an IPO in OZ as ASX will NOT ALLOW A SMALLER IPO than A$20m. Helpful explained to me that they want to drill Ballarat so there is a DIFFERENCE IN OPINION. Of course,
New Ballarat Gold, POW CEO is asked why they disposed of it at last months Proactive event, his reply was interesting, wonder what AB thinks ?
From 23mins in
https://tinyurl.com/2h63cahc
Hawaiifive0
Your 2nd report makes it very clear now and fits in your thesis at the end. ONE QUESTION: So, me, you and Maidit308 are "inconvenient" to have on this forum and especially me with community notes LoL. Why? The aim of what has been posted is to talk about funding repeats.
However, that does not explain WHY HELPFUL is also NOT WANTED ON THIS FORUM. Whilst I was reading a few posts by the Chief Resident here and there, I saw that he objected to Helpful posting on this forum despite what the chat rules says.? So much so, I saw the TITLE OF ONE OF THE POST BEING THE NAME OF A SOLICITOR and it was said that the solicitor said this and that and I think even a complaint was taken up. It was late at night and I dont think it was very clear either. WHY IS THIS? SURELY, THEY WOULD NOT MIND HELPFUL given he does "now" Chairman Bell, RRR?
Doesnt make sense unless this is about DRC and IF THE CO DOES NOT SURVIVE with so much noise, then there is they think, end of the DRC matter? Any clarification or enlightenment would be appreciated before I hop off to enjoy summer.
Thank you. News, Sunday, 21 Apr 2024. I agree that sooner or later, something will have to give and hence I am only in for option money Why? Things are very unclear at the mom.?. DYOR. NIA.
I would add that the reason I had belief in New Ballarat Gold listing with a market value circa $20m (at the time the stake would have equalled RRR's market cap as Bell implied to Tom Winnifrith) was because POW under Paul Johnson had 49% and was the JV partner, Paul Johnson was very popular with retail investors and POW was well supported. I thought it inconceivable that this listing would not happen - well 3 years later it is clear that, once again, dealing with AB was, at least, challenging.
I attended an online event featuring POW under the new CEO recently and asked outright about New Ballarat and why it had not been progressed etc. You could tell his frustration which ultimately led to POW disposing of it back to RRR, it is now back under the regime of penniless Mr Spinning Plates. AB in a X reply to a shareholder said it would be listed, well he said that 3 years ago.
I have no understanding why Bell has not been replaced, I have commented many many times about this and every time the 'major shareholders' back him at AGM's. Bell even ridiculed shareholders trying to remove him at one time via social media.
In any-case I stand by my theory that when the BOD gravy train comes to a near halt something material will happen, remember the hangers on at RRR include brokers, PR gurus, legal/advisors plus the city spivs that make money trading both ways, the good news is it does not take much money to move a stock as illiquid as this.
Let us see what happens moving forward.
A repost...
The reason the bashers do not post on weekends and reduce posts after market close is simply because they are trying to influence the share price negatively.
Unfortunately we have a CEO (who is also the Chairman, despite Governance issues stated in prior Annual Reports that this would be changed) who has no concern over dilution or shareholders, he failed so miserably in December with atrocious PR concerning the Lithium project, despite him being warned shares were being forward sold at .16/.15/.14/.13p etc, he succumbed to satisfy the short close with a miserable .075p placing.
I have decided not to post so much here until meaningful news, I have not 'backed off' as Boringboy suggests either, I stand by everything I said, it was Andrew Bell who specifically came on here and targeted this individual who operates 24/7 attempting to destroy shareholder value. I do not believe a single word this person claims.
We all make mistakes by investing, I was sucked into this outfit (as was Tom Winnifrith) by a lengthy interview with Bell three summers ago in an online event called Mineprophets, the interviewer was TW himself, he also bought the story and still owns shares. At the time Bell claimed there were many value events ahead at RRR (one was the ASX float of New Ballarat which Bell thought could list at $20m valuation by year end) I considered it nigh impossible Bell would bull**** TW as they are quite friendly and TW is no mug either.
My experience over the years on AIM shows it is possible to trade out of losses, it takes time but it is possible. With Red Rock, from my purchase date, it has been impossible because the shares never rise, currently the stock is option money, no point in selling but you cannot trust Bell not to dilute at any price. This is why the bashers are here, they know he is helpless (also quite useless in delivering shareholder value) and will keep coming back for cash no matter what.
All the above said, one thing we all know is BOD's look after themselves and RRR is on the critical list currently, this could change in a flash, (aka ORR from .07p to .57p in a few sessions on news recently) Bell needs to deliver to protect his lifestyle and the hangers on around him, I deem it likely there will be some form of value event sooner than later.
Time will tell, the buyers at current levels have little to lose IMO.
Forgot to mention. BEFORE I LANDED ON RRR upon the RRR DRC RNS recently, the Chief Resident was pretty successfully with another to get folks to such a boiling point that one chap said he is surprised that ...Bell. Thankfully, this has now calmed down as one see the bigger picture and wider issues, not just at RRR.
I was taught at school that who calls for ooolution are those who want to become THE HEAD. So , yesterday and today, I have been told this and that but now the Chief Resident has given up as I am UNCOVERTABLE. One can only do that in certain societies but not in Britain. It is far too advanced in thinking. But some one can find the odd one or two who would listen and hence why blogs use the same psychology for click bait. ie tap emotion.
Now, it is about Africa. But then, again, DRC I found out from one of the articles yesterday, it has $24 trillion of minerals and it is NO 1 in copper but some article say No 2 in the world. So, like it or not, copper is NOT COMING from Tier 1 jurisdictions but rather Africa and so forth. So, buying into majors is just also buying into Africa indirectly eg Barrick in Faso some time ago and even now in x, y, z in Africa but they are slowly moving to Tier 1 jurisdictions. For Tier 1 jurisdictions, there again, PERMITTING is very difficult with activists and many deposits are stuck. Eg Dynasty the No potential deposit ie low grade, high tonnage @Pebble, Alaska. No one would allow it due to the salmon.
As for FASO, yes, there is a military gov. but there again, going to a better place would mean more money for licences , drilling which is costly. RRR needs quick CASH FLOW so the easiest is to go, like MAKO for ARTISANAL MINING. That way, it is much higher grade. Artisanal mining does NOT WORK on EXTRA LOW GRADE. That is why the risk is not HIGH for RRR except for the initial equipment and IF Mahendren has the contacts, they can hopefully get out as well. Hence, why I said at worst, what is the situ. Worse, RRR gets out with the equipment courtesy of Mahendren.
All simple but not for the Chief Resident. Why, if what he says is correct 100%, then ALL MAJORS WILL HAVE TO CLOSE SHOP and run out of Africa entirely. Is that so? No for now anyway. So, these semantics is only good for those who dont know the ENTIRETY of the the space. Since Helpful cant be now subject to ..........um um or Bell, um um, it moves to FASO AND DRC is no good for mining. Never seen this on any forum. Hence, why I said, it will become a full-time job just to
become community notes to the Chief Resident. Sun, 21.4.24.
Fair call out Nike. Horrendous is a strong word.
DRC Zimbabwe and FASO are not easy.
RRR has found out allready on the first two and as I posted earlier probably have import issues on the flying in of the wash plant.
Definitely two sides to a debate as you say.
Rest of my post didnt come up. To go to £400,000 at £5 would mean the stock goes to £30 BILLION MKT CAP. Glen is £57 billion. This share at 6.05p has a current mkt cap of £307m. It only has 30% of a 6.8moz gold deposit = 2.52moz gold. Helpful said in M & A, $30 USD per oz. First Equity gave US$25 per oz years ago. So, 2.52m at US$30 = US$75m vs £307m currently at 6.05p. But no one has the heart to tell him that. As for the silver stock, it went 10x down but I just checked and it has recovered from 0.12p to 0.22p @£13m MKT CAP currently. IT WAS NEVER GOING TO MAKE IT - Silver price is low and it was US$6 at one stage. So, the silver AIM explorer was not a TIER 1 potential, hence why it did not do well.? I am not an expert in this stock as I dont go for non-Tier 1 potentials.
NIKE1980: Yes, I was talking of Havieron and I went in after the 5 hole drill results. No one could read the results so I had a chance then but it was 1.3p, not 0.57p that this chap got in with nuthin found. By the time, The Australian newspaper splashed it in Australia, then the Brits woke up and those who chase had to get in more expensive and their risk increases. Of course, the higher the price the more risky if it weakens when traders sell out etc. I could be punting into all sorts of bottom fishes but some may even go bust. Hence, why I dont want to waste my money and go only for potential Tier 1 at low prices and if results come out which is fab. Safer that way. It is about mkt cap as well to watch.
BASICS : Pretty easy to learn and its all for free.
So, have a nice weekend. As Maidit308 said, its the noise that is not helpful to anyone. With noise, it is going to and fro with replying and answering the same thing for the x or y time. Better to enjoy the summer which is never that long ie all year round. Lots happening meanwhile and blessed that we dont have to pay $25 for olive oil in the U.K. Saw it from an Aussie this afternoon. Sun, 21.04.24.
Yes, Maidit308 : Yes, something that is positive for those who have gone from 10p to 1p. Can also go from 1p to 10p.
BOTH SIDES of the story unfortunately. Helpful said; PRINCIPLE: RETURN TO MEAN. That is what I mean by DONT JUMP IN WITH LARGE SUMS dreaming its going to turn into some fabled wealth. Hence, why I said I dont invest large sums for risker AIM stocks. A modes amount is SUFFICIENT. I did not dare to type up what the chap said next in the rest of the same post. He said IF IT GOES TO £5, THEN £400,000+ from the current 6p. If at £5, it would be a big mkt cap as currently it is £307.97 Million @6.05p. THAT WOULD REQUIRE
The moral of the story NEWS is trying to say is do not invest more than you can afford to lose, then you won't be bitter to new investors that bought in at 0.0575p trying there luck for a year or so, and could well do without the noise...
News - whether intended or otherwise I took holes as a joke, seeing the funny side - never read holds!
Banburyboy - sticking to yhe mining sector, there are mining companies and including royalties that are doing fine in Africa. Unfair to denigrate the whole continent and doing so is not decisive as part of a negative context of your criticism of RRR or a consistent poster / supporter.
That said, I remain agnostic with a natural appreciation for positive posters. Always good to consider both sides of a debate...
I just read one poster on the Havieron gold project on this site and I cite verbatim:
"Hi... I PURCHASED £502.66 WORTH of ....shares MAY 2018 at 0.582p.
6 YEARS LATER, AT 6.10P, -------UP 1,008%= £ 5 , 067. 46.
At say....
And by the way, I have it on good authority that lightning can strike twice. Link given to britannia, can lightning strike twice at the same place."
LOL: MORAL OF THE STORY:
First I checked the posters London South East profile and yes, he did register with this site 10 years ago. Yes, the share is currently 6.1p. I CHECKED GOOGLE FINANCE for max share chart and YES, CONFIRM that in May 2018, the share price was 0.57p.+ So, it matches. Then, I looked at PAGE 1 of this chaps posting history and a very nice and pleasant guy, no bad word to say of the co or CEO, call others names, bitter , etc. MORAL OF THE STORY: There is no need to PUT IN BIG MONEY IF THINGS GO RIGHT. Losing £500 will not appear to be a disaster as eating beans and toast will save it back in no time kinda of thing. THIS IS THE PAUL JOHNSON & A. BELL RESTRUCTING CO that went on to a fabled story of success. I did not get in at 0.58p. Why? Someone told me to look and they were talking of gold camps in Ernest Giles. Camps? Yeah, deposits here and there but NOT at 1 place. Newmont didnt want to JV and the price fell but Newmont later said they will drill a few holes for them kinda of thing. WATSON SAID somewhere else, there is NOTHING OUT THERE BUT SAND. LOL , turned out right. So, far NUTHIN but then Watson is a prospector and an Aussie and he bags licences to sell. I dont tend to buy when there is nuthin. I go for drilling results ie a catalyst which is safer but I DONT GET THE UPLIFT the same as someone just buying in blind. There was a MIS-PRICING BECAUSE FOLKS CANT READ DRILLING RESULTS and therefore by the time, Newcrest JV in, or Australian press plastered it in The Australian, the leading newspaper in Oz, it was too late then and the rest is history. Why? Jump in late, can revert as Helpful said to mean if worst case scenario.
So, this chap may want to hang on and if it turns up again ie lightning strikes twice ie if they can get Havieron going, then of course it can improve or it can revert. So, as I said in LIFE, look around SUCCESSFUL FOLKS - they dont have certain characteristics and their life seems more blessed.
NEXT SILVER: This same chap posted on a silver stock on this site. He said: "..stock GROUNDED AT 0.12P BY HEAVY IRON CHAINS! Not much of a binary choice for an investment for my GRANDCHILD WORTH A PALTY £400 now!! If it can survive it needs to get back to 3p within the next 9 years." [This stock he says went from 0.3p to 3p.] Again, not bitter given that this silver play is in Mexico from recall and it was common knowledge the gov was saying they want to nationalise etc.
Conclusion:
So, ye see, it is a matter of not plunging in. It was unfortunate about the silver stock. But silver in the bear years went to
Error: Choose, not chose. Holes, not hold.
LoL Helpful. ARBITRAGE between Shanghai & London markets in gold. I was reading last night, about surface area. The smaller the area, the less chance of tungsten in it LoL. This was from one of the experts. The young in China are pretty savy in buying gold beads. I have seen pictures of them in nice glass containers. It is cheaper and less expensive as no workmanship is required. It is akin to a piggy bank one is used to as kids. However, their govs have told them to buy silver. Guess it is more affordable. All very bulky and cumbersome. Any wonder why the recent case of gold in machinery?
HELPFUL:
Ah, that is music to my ears: "I GO FOR MIS-PRICING" of assets to share price as well. But mis-pricing is harder on big stocks as it is a more "efficient" market with so many analysts covering the big stocks. But I find it safer to chose stocks that are potentially with Tier 1 assets or close to closing in on a Tier 1 deposit. That is how I landed at RRR LoL. However, I have HEAVILY QUALIFIED when asked by AimDogs: That I consider it to be OPTION MONEY so that no one can blame me and I am sure you understand.
Everyone is busy watching drills at the momo for potential Tier 1 but they are not on the UK market unfortunately.
They were once 0.05c Canadian, now on Fri, 80c Canadian with the drilling starting shortly. But the initial Hole 5 was pretty good ie long intersection, good grade and in a Tier 1 jurisdiction. Only downside, price. John Cronford said that penny stocks can rise to the fabled stock and this is the case in point. However, in reading consensus, IF, the next set of drills dont turn up as good, then, of course, accordingly. So, the point of bottom fishing is pretty intact if one is able to get data from inception. Hence, I like penny stocks if they are on to a potential Tier 1 and easier if they have done modelling.
MAIDIT308 - Yes, got to take a rest -does get tiring if it has been repeated for 3 years on this forum the same ole thing about RRR etc. Hence, lots of holds and proven so -RRR is still here. LoL.
Helpful has spent 8 years telling this board in his words RRR assets are " fundamentally mispriced"
He's correct the companies lost 99% of its value in that time.
You either believe RRRs time will come or the mega bear view its not inconceivable that Lithium and DRC have been overhyped and not going to happen, assets sales have been on-going for years nothing over the line. POW and FASO are desperate last rolls of the dice.
Unless they have a material cash event soon the share count will be 8 billion.
I do wish SHs well and what I or others think won't change the outcome. Africa is a horrendous place to do business and FASO in no different.
Well if you can buy physical gold at $2,350 in London/New York and sell at $2,450 in Shanghai there is a trade. Maybe they want the same gold contracts to be traded across the markets.
Right, Helpful.
Thanks. I stand corrected. I apologise to Zumore for mixing the names since I was not here when Carp was here.
Helpful, I note that you have now replaced Mr Bell, Chairman of RRR as the new figure of ...
Coming to a subject matter perhaps of interest to you, I have just learnt that "In recent months, Standard Chartered ,HSBC, JP Morgan, UOB and Deutsche Bank have visited Shanghai Gold Exchange intensively to discuss cooperation."
Announcements have just been made relating to margins. LoL,
Many forums are now discussing gold but in much more depth than on this forum at this site. But currently, SGE is the largest in the world so that must be watched. We live in interesting times.
Bye then. Not sure what you want an answer to but I do have fund management qualifications and have run funds. I haven't done so for a long time because it is largely pointless.
Where the money is, is in taking positions in fundamentally mispriced assets. Reversion to the mean is a universal principle.
The trolls drivel on about the share price and capital raises. I have hinted a few times but as usual they either don't take the point or area capable of taking the point. RRR's share price and market cap is where it is largely as a result of its best assets being stolen. When the quantum is submitted in its claim for tortious interference those losses will be factored in.
If those assets hadn't been stolen all of its other assets would be further on. That will get factored in too.
Quite why Big G wanted to steal the assets and why/how they set the price at $430mil is beyond me but they did.
DYOR
NEWS'' you have been doing a great job, since you start posting on here, you are getting to them for sure'' they really have no answer to your questions or opinionated long post LOL!! and when one of the x3 expected CO making RNS does land for RRR, I think they will all disappear like fart in the wind, or try to be your friend, and as you surmise 90% of AIM CO or any other Market will lose investors money, and that the new way of thinking for the investing community has got to change'' to reflect corporate GREED, that has no protection for shareholders written in any LAW, and IMO, perhaps the new way could be to enlist the help of artificial intelligence before we invest in any X or Y so we learn when to buy and when to sell'' without the human fall in love mind set'' if we don't want to be in one of the 90% when it goes down the pan to 0.0575p and forever be moaning at other posters that bought in on the cheap as if it's there fault... ???????
anyway my thought for the year is to stick with only 3 co that you think has near term potential with a silly MC like RRR and don't look at the other 99% on the Market wishing your life and money away'' wither they go up or down, and be patient with the 3 you have got until they realise there full potential then you can sell some ride for free and invest the profit in other fast moving PUMP potential if you so wish, but don't forget to sell them back and take your 30% regular so you won't be disappointed when the PUMP eventually drop on the next discounted funding call like everyone else, but whatever you do, hang on to the 3 near term potential I spoke about as eventually they will hit new highs as new milestone is realise,
KEEP UP THE PRESSURE NEWS'' DON'T BE SWAYED BY ANYONE, KEEP UP THE GOOD WORK...
don't forget tomorrow is another day closer to game changing RNS
ATB
News, it was Carp whose wife left him according to other posters. Zumore was posting on RGM at the time commiserating and saying Carp was hard done to. Nothing more.
Part 4:
MR ANDREW BELL, CHAIRMAN OF RRR.
Mr Bell has seen many cycles. The good one was in 2010. |Paul Johnson recently tweeted that with the 2010 commodity boom [think he mentioned gold as well], RRR went from 0.25p to 23p. This is the 1ST TIME I have ever heard Paul mention RRR given I have listened to his interviews. I only heard on forums what gave him a life break ie at RRR.
So, I gave the stats from the last boom and how Canadian juniors went up in tandem via Casey Research. So, Mr Bell is into this period again of the price of gold having hit the NEW RECORD ALL TIME HIGH OF US$2,400+. Mr Bell is facing quite a tough task ie taking on the DRC and a major. This is not as easy as it first looks and never is. But looking at AVZ, there is much to look forward to but RRR will need to survive this period. Litigation will not be a just walk in the park but will take some time from the ISCID cases seen.
In earlier years, co's have to change to the rising commodity. Even Paul Johnson's new vehicle has been now rationalised but what DIRECTION will his co take? That is awaited as a new CEO may be now appointed. It depends on what is the direction going forward. DL's REM also has had to rationalise. So, painful as it may be, there is not much choice. If money in cpaital markets is not plentiful as DL said in his RNS @Rivergold, ASX, then a new approach will mean that today's rationalisation must withstand tomorrow's new situation.
Mr Bell is no different and the grips against this CEO or that CEO is unjustified. Why? EVERY PROJECT is only as GOOD on its merits. So, the grips is that people just follow one particular CE|O thinking every co is paved with "gold". To those who understand dogs or horses, they will know that A PARTICULAR TRAINER'S HORSES will NOT ALL WIN nor a JOCKEY win every big race. IT IS AGAINST THE STATISTICS.
SUNDAY:
No, I will not be replying further to the Chief here. The reason why I want to take a back seat is because I dont want to get caught up in this CONTINUAL REPEAT CYCLE of the same old thesis of which there are LOTS of HOLES?
As said, think carefully, and come to some sort of rationalisation of one's own portfolio. I have.
On the other forums that I have just visited ie 1, they are not concentrating on the co or the CEO but rather how to save themselves from fiat vs assets in particular or in general. COST OF LIVING CRISIS has caused many to discuss in co-operation and there is good-will amongst the MICROCOSM.
Sunday: A time to relax and there is lots to follow up. WITHOUT ASKING SOME PERTINENT QUESTIONS, and just jumping in is the thing that is most risky. So, I will go to the other forum to see if they can come up with pertinent questions or they are just going to jump on the wrong notion/s.
News take the blinkers off and open your eyes. I may have been wrong about many shares and may not be great at the game. What I have allways been right about is RRR at every turn.
As Zumore says Help arrived in 2015 just prior to a share consolidation. He has ramped it ever since.
When he arrived there were 246m shares ( now 4.04bn). Over twenty fold increase.
When he arrived the SP was 0.46p now 0.06p a reduction of eight fold.
That is why old timers like Robins are down 99%.
Help is a one share man Dukey asked you to look and it's performance since he joined this board and that's it I've done it for you.
What's even worse he has no contrition and continues to post. WHY because he is funding this company through CLNs and discounted placings.
The only dodgy dealings going on in RRR are from Help !
PART 3:
PLAUSIBILITY:
Zumore lost his wife per Helpful informing me due to investing in RRR. |Helpful said this was posted hence the upset. So, I look at plausibility for example. Many women, unless they are professionals in their own right, have no financial status to be able to leave so easily. So, on the plausibility testing, it would not be that plausible that every last penny went into RRR, hence the upset? During the time I was on this forum, Zumore informs me that his FAMILY IS THE 1ST FAMILY of UK. So, again, some dis-connect here between 2 time periods. So, I take it, that it may be or may not be but that is personal to him. But the justification does not seem matching and conflicts between 2 time periods. Theeeedule said he mortgaged his house etc and told Mr Bell, Chairman of RRR that on the phone. However, in more recent times, he said he put in £500 etc. I took a quick look at duke's posting and I saw he told folks there, HE'S ALL IN at GST? LoL. As I said, if Duke telephone me, one would have to check the RRR share register. That is taught in the office. I am not interested in folks personal lives but when they give justification relating to their upset with RRR, then one has to look a little more closely at the plausibility one is taught in school, to see, on balance it could be or could not be, with 1% swinging to each side.
AIMDOGS
Very pointed and to which I have respect for. YES, A VERY GOOD mention of GOLD but compared to LITHIUM is not suitable. In terms of lithium, there is more to the story. I wont go into details as it would take too much time. So, AIMDogs has brought up a good point but that is already ANSWERED by the experts. I wont go into detail but IF THE EXPERTS are proven CORRECT, then one will see it in REAL LIFE. Why? There is TOO MUCH DEBT in the system and that has to, at some time, be rebalanced. What that will take and in what form is going to be evident shortly. Shortly as in 3-5 years time frame to see the beginning of how RESTRUCTURING will take place. It is ALREADY HAPPENING. How? Look at ASSETS vs paper money. Assets are NOT GOING UP but rather paper is going down RELATIVE TO.
RRR
It will need RESTRUCTURING OR RATIONALISATION and it is clear given DL & Paul Johnson are already executing on this.
DRC LITIGATION
One will have to await to see.
MY VIEW: I WILL BE NEITHER RIGHT OR WRONG. Why? It depends now what will happen and how things are run or rationalise and whether the DRC matter can be resolved in a time frame that RRR will survive. ALL CO'S ARE THE SAME, not just RRR.
AH, I AM HAPPY THAT MY ANALYSIS MEANS I LEAVE on the mkt opening, with a clarity. To this end, it means that I have studied the MICROCOSM here and can apply to any other forum given people fall into groups of thinking.
PT 2:
I LEAVE WITH CLARITY:
I will leave with clarity as to this NEW MICROCOSM of which I was WARNED ABOUT at 12 years old. Like what: It was said, these are the PRINCIPLES to abide by and do you accept them or not is up to you. Go away and think and when you decide, come back because it will be a LIFE CHOICE. So, to this particular Mr X or Y, I make no apologies for NOT listening because I cannot afford to change to this new club here.
HELPFUL:
Ah, now, I am told to look at Helpful and to this end, same thing. Helpful has NOT replied so I take it he does NOT want to comment on what I said which is fair. I think he does not want to CONTRADICT me and that was kind of him. Yes, I have taken a rather more dynamic approach. I have analysed Helpful last night - he is akin to a fund manager managing a portfolio. This he does for a living. But running a co IN THIS NEW CIRCUMSTANCES requires a more dynamic approach and DL & Paul Johnson have started to do RATIONALISATION of portfolio. Why I said I await to hear from Helpful is that one must give him a right of reply relating to what I said if he has any comments. But Helpful KNOWS MORE THAN I DO as to the status of the co - he is able to ask /as can major holders of RRR if Mr Bell takes a conference call. But I have a skeleton to go on.
CHIEF POSTER: No, I dont think I will LISTEN to him and this is not anything personal but ON OBJECTIVE TESTING via the co's he has invested in, he has DEMONSTRATED "fund management" mastery. Why fund management? The co's he has gone into are REVOLUTION BARS & SAGA ---of which is very dependent on discretionary spending and in times of non-boom, these are sectors to avoid in general. THIS IS CALLED TRACK RECORD ON THE LONDON SOUTH EAST, Being listened to has NO REAL LIFE benefit, as one cant apply to be a fund manager of GOLDMAN SACHS IN NEW YORK based on one's posting on this forum. There are TOO MANY HOLES in his thesis.