Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I appreciate all the info you've shared and good luck with this investment and your work.
Yes - Well said and have appreciated the work you've put in for us Pi's
Well said mate,... people are very quick to hide behind a keyboard and screen, but can’t back it up face to face... I hv also been subjected to this attitude and behaviour... I’m still military and looking at a new career in investment banking.. I’ve looked at your research and info and others and I choose to make my own decisions based on what I read and it’s my money after all..
You reap what you sow, I also believe £1.80 -£2.20 SP but ****, what do I know?! I’m just hoping for a good payout.
All the best
Good luck with your work Rowka, and thank you for sharing what you managed to dig up, both on here and on twitter.
All the best to you.
GLA
Well said and much appreciated from here in North Wales where we have a few mines and quarries, most not working now.
Well said mate, wish you well.
Hi Jerseytrader,
Rowka, is still a member here and can come back whenever he chooses and will be very welcome, he has been a shipmate here for the last 10 months.
No one knows what has gone on in Rowkas head, but to try and say you are driving around Russia, fighting a dodgy satnav, arguing with posters, whilst simultaneously posting updates all day whilst driving, is stretching it somewhat?
If you wish to accept his last tweet that he has been approached by a group of private researchers as 'gospel' that is up to you.
I would take it with a large pinch of salt, personally.
I'm afraid I'm more inclined to believe Tiddlors post and that he just got to believe in himself too much...
There is not much else to say, if he comes back he is very welcome, if not he will turn up somewhere I'm sure.
No one is anti-Rowka, he just could not accept a different opinion, that's all.
Good luck to you.
One of Rowka last tweets was that he had been approached by a group of private researches and if he wanted to join. He said he had declined as he wanted to share his knowledge on LSE bb. Maybe he has joined and the deal was he could no longer use social media to spread his knowledge, just a thought.
Morning Manilla,
Your version of events is incorrect, and RMR1969 is correct, if you cared to go back through the pages you will find the answer.
Just some facts about Rowka.
He stated he had been invested here for years? - only since October last year.
He actually asked us here about the company in October last year prior to investing.
"Thanks
So going forward if they can maintain the 7kg daily level that’s 2,555kg’s per annum or 90,125 oz’s…….from one site
The maths here are mind blowing"
He stated he invested heavily las year? - that would be £10k last October.
"Simon I purchased £10k's worth at a smidge over 1p"
"My £10k investment is now worth £40k but that could easily go down, but then again it could go up."
People say did he work for the company or a was he a specialist in his field? Er, no,
"In the past I was a member of HM Forces, I was a vehicle mechanic as well as other things. During my career I spent 8 years in the airborne brigade. Many of my peers talked down at the paratroopers"
If you remember the picture of them all standing in front of the airplane on his Twitter feed.
All I'm saying is Rowka is just your average private investor who during the suspension did some in-depth research and posted his useful findings, that is great, well done...
But when you attack the longer-term posters, calling them a t.t and accusing them of selling out and throwing your dummy out of the pram, you fall from grace, and instantly lose respect from them.
If you like RNSman so much, who was nothing at all to do with Rowka, you may like to go and visit ADVFN, as after he left here that is where he went.
All the best
Ian
Here’s how estimating quantities works – a team of consultants spend weeks working through the data to get to the predictions. The team leader/director then looks at the results and worries about liabilities/reputation if they have overestimated, so cuts, say, 10% off the prediction. Sends report on to client (EUA), who will then probably provide as either factual (basic raw data) or interpretive reports (raw data plus calcs) in the sellers pack of information. Purchaser’s consultants look do their own due diligence for their potential bidder – they don’t want to up the volumes (again, risky to them) and probably wont just agree with the previous report, will probably be conservative and knock a few more % off in their estimate but provide a min and max estimate on resources. It’s the buyer who has the most confidence in their own volume calcs and probably ok taking a risk (for whatever reason) who wins the day.
Some sneaky types (I’m sure not EUA!) wont publish all their investigation data for good or bad reasons e.g. they wont publish key borehole logs, perhaps an entire investigation is never reported but will then hand report on their ‘preferred’ bidder – to better inform. Some potential purchasers may want to install their own boreholes on site, at their cost, to get a more accurate 3D model of the site. Conclusion; could still be a long way to go and surprises happen both good and bad.
Maybe he was too close to the truth and NN didn’t want to pay the price so employed the KGB to take him to Siberia until the deal is done.
PS. Ian. I’ll go for £1.90. To make me a millionaire.
Imho, rowka believed the hype stuck some feathers to his jacket and flew up into the sky to take his rightful place with the other gods. Unfortunately he flew too close to the sun and the blu tack (which attached the feathers to his jacket) melted and he fell back to earth. On the other hand the likely explanation is that his wife has asked him to give her some attention pack in the cut and paste and get off social media and get flecking life. Or he's gone for a rest.
There was a similar guy/gal to rowka on the sxx board. (for those that remember myo) same thing happened... vanished of the face of the earth. Myo certainly seemed to know what they were on about. Just wrote with a different cadence and style. Be it a paid ramper/employee/genuine knowledgeable investor... I for one miss rowkas information.
ATB GLA LB
Rowka gave out a lot of raw data – none of which wasn’t already in the public domain and which every mining company in the region didn’t already have in their possession. Spitting out these reports is meaningless, and impossible for one person to get a handle on, trust me. EUA will have had their own mining consultants take that data, and their own SI data, and interpreting it to quantify the various resources within their licence boundary. They will also have to look at some of the deposits and decide whether or not they can actually access it i.e. a quantity of Pd, at depth of Xm at the edge of the licence boundary will be impossible to mine, or a pocket/seam will to difficult/expensive to remove (depends on the metal). Where AP are engaged it is to further refine the current models/estimates on volumes – until you open up the ground and get digging it’s all a guess, AP will be trying to use most up to date tech to reduce the margin of error on the quants. I give a lot of credit to gmf78 and his report and calcs to establish a takeover price of ~78p - it was based around estimates of resources, but in Rowka’s first £3.50 calc it was lobbing in 50p here and there, discounting random %s, in a subsequent post he tried a different approach to get to an SP which was lower than £3.50 and would be achieved in a ‘couple of years’.
Btw - even if he driving around the mines of Russia he wouldn't have seen anything unless he climbed the fence (!) and even then there would be not a lot to see. Its like being on a boat in North Sea looking for oil
My guess at SP 80p.
Maybe he feels his work is done in a way as he has shown everyone the potential so now just a matter of sitting back and waiting for that first £1 + bid of the bidding war to come rolling in.
Off Telegram too, that's all his social media accounts shut down
what happens if he/she was giving away info they didn't want seen just yet, so have hunted him/her down and paid them off to keep quiet... or worse case they are sleeping with the fishes now...
All very odd...
www.thenamemeaning.com/rowan
Additional information: Rowan is a unisex name of Irish origin, meaning ‘ Little Red One.’
Is this a Russian twist, I hope his/her £3.50 is a conservative estimate!!!
Never mind the little red one bring on the big red one!!!
He’s even closed his Twitter account.
Manilla
Rowka was not ‘attacked’ at all, a few posters myself included simply asked a few polite questions and he turned rather aggressive and personal.
Rowka did indeed provide some interesting information but was never very clear on what it all mean’t or rather what he was suggesting by it all.
I get that in essence he was saying that EUA are sitting on more PGMs than initially thought however what was behind this suggestion?
We have official RNS detailing our reserves at present which is all we can go off, is he saying these are wrong?, that the BOD have totally miscalculated and we’re not aware of what they were sitting on all this time and Rowka uncovered it all?
Or is he saying we have lied too all this time and are being under valued and subsequently ripped off?
My concern was that so many on here were far too easily swayed by his £3.50 prediction.
Let’s not forget he also suggested he was in Russia touring the site........ and people took him seriously!
I would just have liked him to share a few of his credentials, maybe then I would have been more comfortable with his posts.
He’s even closed his Twitter account.
If I recall correctly,
- Rowka posted prolifically with many positive and informative posts, always upbeat, after a while he started being attacked and eventually had enough of having to defend himself and dropped off.
- a few months back (during the suspension) we had RNSman, who posted prolifically with many positive and informative posts, always upbeat, after a while he started being attacked and eventually has enough of having to defend himself. At the end he confirmed his previous names on the board.
Is Rowka our former friend RNSman?
Whoever you are Rowka, come back in whatever name and post more informative post and ignore the botflies.
Manilla
His job is done here,New stock,new login and googling away we goooooooooooo!....;-)
Not available on twitter this morning?