Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The old directors taking shares ploy. How many times have they used that one?
TDT
I genuinely thought it was good news on the wash plant.
81m shares added and comic timing by RRR.
Headroom for further issues now slightly below 700m.
OK geting beter 0.06 an improvement on where we close Friday'' hopefully more news is on it's way
I must say big thanks to all genuine investors that took part in todays debate, guided by NEWS'' hopefully next week will be our week
good luck
ATB
P.S
IF BALLARAT GOLD TINY WEENY NUGGETTY GOLD was the rage, then ECR would be able to IPO in Australia as it must be at least a A$20m mkt cap. Why stay at £4m+ and despite spending on drilling, it is not lighting a fire under their share price? I did not want to mention it as one poster here may not like it. BUT PROOF is there. SO, AS AND WHEN THEY CAN GET A RESOURCE AT CRESWICK, NEAR BALLARAT, they will have to think how to mine it cheaply if there is enough strike. BUT THE MARKET DOESNT WANT TO KNOW and that is also FACT. Why? Well, institutions etc have experts ya know and they are very senior geo's, directors /mining analysts who know gold INSIDE OUT. But the layman knows very little and that is also fact. Hence, why they cant tell. So, I never tell them BUT NOW THAT THIS HAS BEEN BROUGHT UP BY HO50 at a POW presentation, I am forced to spell out what the NEW CEO IS TRYING TO SAY STARTING BY UMMM,AAAHHH, AAAH AND THE 1ST WORD THAT FALLS OUT OF THE NEW CEO'S MOUTH TO A MEMBER OF THE AUDIENCE STARTS WITH: "BALLARAT ---------DRILLING------EXPENSIVE KINDA OF THING. Of course, drilling long stretches of KM is not going to be cheap when bags and bags of soil is bagged and they are finding bits of nuggetty gold here and there in the tons of bags. Under the old CEO, he was more forthcoming and said in 30 big bags we found x amount. That LET THE CAT OUT OF THE BAG and they went for the guy. Maybe, the stress killed him. Dont blame him --------in Victoria, NO ONE HAS BEEN SUCCESSFUL EXCEPT AGNICO WHO TOOK OVER FOSTERVILLE MINE that had long intersections and very high grade gold.
SO, CANT FOOL THE AUSSIE AS THEY ALREADY HAVE A BENCHMARK OF THE FOSTERVILLE MINE and everything they will measure against Fosterville type drill results. ANYTHING LESS, metre here there and not that high grade, they dont want to know and that is FACT. Hence why, the NEW CEO had to GATHER HIS WITS form his demeanour-lol. In the presentation, I could see he needed a few secs to gather his answer and his legs shift one to the other as he knew it was a loaded question of which he had to be honest and upfront as so many people in the crowd. So, in the end, he TOLD THE TRUTH, BALLARAT DRILLING, EXPENSIVE. BUT SUNDAY CREEK@SOUTHERN CROSS GOLD HAS A MKT CAP OF A$200m last I saw , a night ago and ===========THEY CAN JUST GET FUNDING FOR A$10M+ JUST LIKE THAT, EASY PEASY BUT OTHERS FIND IT HARD TO RAISE MUCH AT A TIME EG ECR. SO , THAT IS PROOF. I dont like spelling anything out cos I dont want to hurt people's dreams or have to explain or teach what the NEW CEO OF POW MEANT BY "BALLARAT GOLD DRILLING, EXPENSIVE." BUT HE NEVER SAID SUNDAY CREEK DRILLING .... BALLARAT WHERE RRR WANTS TO DRILL AND WHERE ECR IS NEAR IS QUITE FAR FROM KILMORE & SUNDAY CREEK. So, new CEO of POW, never said SUNDAY CREEK DRILLING EXPENSIVE---HE AVOIDED THAT @KILMORE but the person asking didnt mention Kilmore and the moment was wasted. LoL. I am sure the new CEO of POW would not dare answer?
Typo: Many things.
FOR BALANCE: Watson commented when asked about ECR type of nuggetty gold in Victoria. I think he said he could sell them a GRAVITY MACHINE. In other words, if there is ENOUGH NUGGETS, then IF THE STRIKE IS VERY WIDE IE RUNNING INTO 10-13KM, then they will have to grind if needed and get the small tiny nuggets out via gravity machine. That may be the cheapest option but certainly it will NOT be suitable for an expensive PRODUCTION METHOD as they do with the normal gold operations. So, from what I understood from Watson, the Australian , its like the layman getting out the nuggetty gold via using the hand held scanners. But some Australians are getting EXCAVATORS TO SCOOP all the ore , be it with tiny nugget or not and then processing it. IN OTHER WORDS, A BIT BETTER THAN MOM POP OPERATIONS. Watson does like to explain in detail since he said GRAVITY MACHINE IS THE SOLUTION BUT IT WILL BE QUITE TIRESOME to get loads of earth etc to put through the gravity machine. That is what they may have to do at Creswick. I dont know as Watson is not around on this site. But I do met him on Hotcopper but I dont want to ask as he doesnt like answering. It is only when he is in the mood that he lets out info. Watson was the CEO/MD of RRR on admission and is a prospector and he bags licences in Australia for exploration. POW doesnt like to spend money so they like FARMING IT OUT and looks like Paul Johnson's style is continuing. So, they are letting Bell, RRR get on with it. I do not criticise as I am not the CHAIRMAN OF RRR and what I want, I dont get. That is fair. News. 21.4.24 Sorry for typos - long day, eyes tired and I wear dark sun glasses to shield my eyes, hence mistakes.
Yes, Nike1980: NUGGETS HIGH GRADE CAN WORK OUT, HENCE SUNDAY CREEK IS GETTING THE HIGH GRADES IE HIGHER THAN THE 199 g/t au gold. Kilmore had 200 g/t gold and that is why it is Paul Johnson who did the commissioning to see if KILMORE @RRR/POW HAS THE SAME ===========SUNDAY CREEK MINERALISATION and it does @KILMORE -DONNYCREEK of RRR /POW.
----------------------------BALLARAT VICTORIA.--------------------
Unfortunately, ECR is NOT FINDING HIGH GRADE and intersections are in the 1m or a bit better intervals which is not lighting the market, hence the mkt cap is still quite low and not like Sunday Creek. SUNDAY CREEK @SOUTHERN CROSS GOLD , ASX, IS FINDING GOLD AT HUGE GRADES like 1,000 g/t [see Helpful's link to Southern Cross' latest presentation mnar 2024[ . I dont have the info with me. But the huge grades are not long intervals. BUT SUNDAY CREEK IS GETTING LONG INTERVALS/INTERSECTIONS AND THAT IS WHY THE MARKET IS SITTING UP IN AUSTRALIA AND IT IS THE HOTTEST GOLD PROPERTY IE LICENCE. OTHERWISE, WHY ARE CANADIANS WANTING TO BUY IN and the CEO of Southern Creek Gold, ASX said they were GLOBAL INVESTORS = perhaps Americans who can buy Canadian stocks. THE MKT CAP PROVES IT vs ECR , still at £4m+ but at one stage £6m. IF THEY ARE GETTING THE SAME RESULTS AS SUNDAY CREEK AT NEAR BALLARAT, THEN THE ECR MKT CAP WOULD BE JUMPING LIKE CRAZY. Only, of course Brits dont understand and I dont blame them since they are not nuanced in what intersections must be or grades. DYOR, NIA.
DONT LISTEN TO ME ---------IT HAS TO BE PROVEN AND I AM UP FOR THAT. TIME WILL PROVE MANY THING.
He was quite strongly challenged in the question and gave an assertive reply. I have heard an Executive Chairman with a gold asset talk about how nuggety gold can be like gold mining in Canada there is (paraphrasing and interpreting...) less continual gold via a consistent seam but sometimes very high grade nuggets, more patchey but if there is enough high grade nuggets, things can work well. Think RRR will have been content with what POW CEO said at 25 minutes and wouldn't have minded overall. POW meanwhile focusing on their interpretation of what they consider to be their core assets, while managing the balance sheet.
One day, KILMORE , VICTORIA , AUSTRALIA ----------WILL BE DRILLED----------I AM QUITE SURE OF IT. THEY HAVE TO.
WHY? THEY NEED TONNAGE IE AN EXTENSION POTENTIALLY TO SUNDAY CREEK. Any example: LIONTOWN LITHIUM HAS A BIG RESOURCE in W.Australia. But they have now JV into the NEXT DOOR which the AIM minnow had mapped to be potential pegmatites , both North near the Liontown border and in the central part. So, I am SURE IT WILL BE DRILLED but WHO WILL GET IT EVENTUALLY, I DONT KNOW. THAT I WILL WAIT TO SEE eventually.
LoL, leave the power to be since they do what they think is their view. But with your post HawaiiFive0, I am right that it is so murkey no one knows who is who. BUT I DO KNOW MAIDIT308 , ME AND HAIWAIIFIVE0 are genuine posters who have been around for a long time. I dont go for what HawaiiFive0 goes for ie AIM co's but I have seen his postings here and there on this site. But I think that FUNDING, RRR this and that is going to be repeated and it is too tiresome to do continual community notes to correct wrong info. So, I will take leave and let folks get on with it. BUT ONE WAY OR THE OTHER, I AGREE SOMETHING WILL HAVE TO GIVE ie RRR NEWS UPDATES VIA RNS and that will be something one will have to wait for. HENCE, ========OPTION MONEY ============AS TOO MANY UNKNOWNS at the momo. News, Sun, 21 Apr 2024.
Brilliant H50 thank you for posting the link and the time of 23 minutes to start listening ! Hahahaha made my night
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.