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Do I buy another 0.5 tomorrow? :P
Placing shot, more dilution coming
I bought 208238 at .47 as well to test the upper bounds :)
Insiderknowledg [poster] Your header that you smashed 0.45p.
It closed LIVE 0.47p to buy +26%. So someone may have been at the buy after you.
Wed, 4 May 2022
Wed, 4 May 2022.
Total bought. 6,652,552 shares
.
Went straight through no worries @.4461
Went straight through no worries @.4461
Hey don't change the subject.
You think a dividend is a royalty, mix up JMS and Juno and then you think a royalty is affected by profitability. Bottom line is you are on here banging your gums and don't understand basics but hey it is Andrew Bell's fault.
We used to have someone on here who didn't understand warrants and convertible loan notes: could I get him to understand? No chance. Bottom line is that if you don't understand or can't be bothered reading up on your investment then you shouldn't be investing. The person you should be pointing the finger at looks you in the eye every time you use a mirror.
You have no idea about Juno and the royalty and don't understand how it relates to RRR. So what is your opinion worth? Answer is, a discounted nothing.
As to AB and ten years, yawn, yawn. He has someone try to steal the company's assets in Kenya and then had someone steal the company's assets in DRC. The first is sorted and back on track: the second is back on track and 90% sorted in DRC and maybe 25% outside DRC.
But but, yawn. The deal that took the three VUP JV assets away from RRR cost the buyer $250mil. 50.1% of that belonged to RRR but but Andrew Bell and his salary etc. Instead of deciding that Andrew Bell is the bad guy why not take the trouble to sit down and attempt to understand? In DRC RRR's assets where valued at $250mil via a backdoor deal: how much would they have cost through a front door deal? Andrew Bell pulled that deal in for a bit of sweat equity, some shares, some warrants and a bit of cash plus a bucket load of persistence: no one else can claim credit for that. Now go and have a good long look in your mirror.
DYOR
The cost is already known darientaylor for the MT IDA PROJECT [Magnetite].
Why? There is already a Feasibility Study done and it is said to be advanced per the JUNO AGM late 2021 presentation. Have a look.
So, no need to guess cost etc. If the spot iron ore price is $150, everyone is making loads of money hence why the investment interest is now there.
Check it for your self by typing Juno and it will take you to the Juno website.
Then, click on Presentations.
4 May 2022.
The past is now history. Why? It is the CURRENT ASSETS that have to be assessed
in minute for May 2022.
Hey helpful thanks for your comment about being uninformed, and running an down , in ten years he has taken the share price from 3p to today's equivalent price in those terms to 1 50th of a penny, he doesn't need me to run him down he's down a pretty good job himself, as for the costs, I didn't say they were relevant to the royalty however they may be relevant if the costs to dig up the ore are more than the ore is worth. They will stop digging! Ergo no royalty! You must try to think things thru before you slabber
The SELL price has increased further at HL ie LIVE PRICE whilst buy same.
Advertised: 0.4p to sell and 0.5p to buy +20%.
So, insiderknowledge [poster] what you said a few mins ago is correct.
Wed, 4 May 2022 @3:41
Last time I saw this there was a big Greenland deal, take it Greenland fell through ?
FYI I could only buy in 2k blocks so they are short on shares.
:)
Advertised price: RRR: 0.4p to sell and 0.5% to buy +20% @3:13pm
To SELL , LIVE PRICE is much higher at HL.
AB
Has done most of the running down himself over the years.
Who else remembers the dog ate his homework excuse for Greenland
and who else knows where that asset , supposedly being sold to russians
for tens of millions (but its stuck in the cyprus bank) ended up ?
Well if you do some digging , it was acquired by another London listed AIM
for £1 and some outstanding debt coverage.......
Strangely , the seller was not who you would have expected it to be ,,,,,,,lol
after years of hearing zip on the deal or the cyprus trapped funds.
But a few dozen more prudent placings with the biggest death spiral scumbags
on the market (est 2000 3 or 4 name changes since - protect their innocent rep lol)
kept his salary and annual 3 for 1 share scheme topped up for 10+ years waiting
while his long suffering holders where routinely crucified
ya mean that kind of thing lmhofao
;))
If he had sat on his hands and not plinked around like a plonker
how much would RRR be worth holding 28% of Jupiter as back then ?
RRR tweeted : On is the Exploration Mgr at Cote d'Ivoire. Background voice is Mr Bell speaking.
So, is Mr Bell in Cote d'Ivoire currently? RRR applied for licences in Cote d'Ivoire.
DRC is just across from Cote d'Ivoire per the map.
So, is Mr Bell GOING NEXT TO DRC or has he gone to Cote d'Ivoire FROM DRC?
His interview on 29.4.22 said he is going to DRC relating to the $5m +$15m MUSONOI from para State?
Anyone know or can telephone RRR if Mr Bell is in that part of the world rather than in the UK? Thanks.
The other half gets transferred in two parts as Anglo Pacific make their stage payments. So if they don't make the payment then RRR keeps more of its Royalty.
https://www.proactiveinvestors.co.uk/companies/news/34610/red-rock-resources-expects-mt-ida-royalty-stake-sale-to-complete-this-month-41270.html
https://www.lse.co.uk/rns/APF/partial-sale-of-royalty-interest-8fars5qwlaivb4v.html
DYOR
------------MR ANDREW BELL, RRR, CEO-----------
Today, is your place in the sun with the Sino news of "soaring $1.3bn profit" from MAGNETITE IRON ORE. Now, per the article posted today by me from Ken Watson with thanks, dont tell me that OTHER MAJORS ARE NOT INTERESTED GIVEN GINA RINEHART is going into IRON ORE MAGNETITE at Mt Bevan, next door to Mt Mason [Juno owns Mt Mason and Mt Ida , both 100% stakes].
Todays's news about SINO shows that Gina got in BEFORE THE HERD given she invested some months back and today folks are interested in MAGNETITE iron ore in Western Australia.
Gina has already got Roy Hill so she is going further at Mt Bevan.
MR BELL, have any majors telephoned to ask about Mt Ida given they are all scrambling today after SINO news? Just asking. If anyone has asked, WHY NOT SELL IT?
That will shock the life out of people and it will be the biggest talking point.
After the SINO news out today, it says THERE IS INTEREST TO DEVELOP MAGNATITE IRON ORE IN W.AUSTRALIA.
I am sure big holders read and can convey this to Mr Bell.
Mr Bell in a Non-Executive Director of Jupiter per his Linkedin.
News, Wed, 4 May 2022
RRR +17% today @1pm+
Mt IDA RRR Royalty: RRR sold 1/2 of 1.5% to Anglo Pacific, FTSE 250 for £8.8m in 2012.
However, there is STILL 1/2 LEFT OF 1.5% MT IDA ROYALTY.
That is what I understand. On the other forum RRR, the header details also said so.
HAVE TO CHECK WHAT BELL - can anyone ask him as I have never communicated with him.
Thanks.
News, 4 May 2022. [Wed]
SP: +17% currently @1:18
ps I just noticed the comments about costs.
Costs are not relevant to a royalty. A royalty is not a profit share. If Juno brings Mt Ida into production, RRR will get the Royalty regardless of how profitable it is.
Usual stuff: uninformed biased know nothings who don't understand the basics but want to run AB and RRR down. There is plenty to criticise, no need to make stuff up.
DYOR
There is NO more JUPITER mines shares that RRR own.
Jupiter Mines kept Mt Ida and did work on it till FS.
The iron ore prices were not so good then for 1st reason and they wanted to wait till prices were better.
JUPITER MINES went on to MANGANESE when Bell asked the ex-CEO of BHP to inject his managese project into Jupiter which was world class. So, all the DIVI'S are from this manganese mine.
Mt Ida has increased the resource from 500Mt [time of RRR selling their 1/2 of 1.5% Mt Ida magnetite project for £8.8 million or US$14m to a FTSE 250 co] to 1.85 Billion tonnes.
Mt Ida and Mt Mason are now in Juno [spun out IPO in 2021].
So, darientaylor, you got mixed up as it appears thinking that Jupiter divis of the past relate to Mt Ida. Jupiter's only mine was the manganese one as said. Kindly look it up.
IRON ORE
Currently, spot iron ore is $150/t.
This morning, SINO NEWS FROM W.AUSTRALIA IS THAT PROFITS FROM IRON ORE SOARED TO $1.3 BILLION. INTEREST IS NOW IN IRON ORE M A G N E T I T E.
Ref: "GINA RINEHART INTEREST SUGGEST MAGNETITE IRON ORE IS NO BOOM TIME FOLLY." -The Australian, 2 weeks ago. So, iron ore prices are in "BOOM TIME MODE? It has been for some time. Read Rio, BHP and how their profits have soared due to their Pilbara iron ore profits, like Gina's Royal Hill.
MT IDA is NOT yet developed -IT HAS A FS SO COST IS KNOWN. THE PROFIT MARGIN IS VERY GOOD -SEE JUNO'S 2021 AGM PRESENTATION [latter of 2021].
News, Wed, 4 May 2022.
A dividend is not a royalty.
The dividend refers to Jupiter Mines. The Royalty refers to the royalty due from Juno on production from the Mt Ida tenements (refer to the Juno Minerals listing document).
We are due two stage payments from Anglo Pacific: $4mil on a decision to commence commercial mining and $4mil on commencement of commercial mining. I know everyone talks about the magnetite but there is haematite in the Mt Ida tenements and the Royalty agreement does not differentiate. The agreement refers to iron ore and the Mt Ida tenements. I have a copy of the agreement and so know exactly what it says.
https://www.junominerals.com.au/cproot/1079/3/2373837.pdf
Note that Juno has stated that the plan is to bring Mt Mason into production and use the cashflow to bring Mt Ida into production in due course. Mt Ida will cost a lot of money to bring into production.
"Juno also intends to progress the Mount Ida Magnetite Project (the Mount Ida Project). Preliminary reviews of past work completed and future work required has commenced to enable the planning to progress the Mount Ida Project. Juno is further encouraged by the recent investment by Han**** Magnetite Holdings Pty Ltd (Han****) in the neighbouring Mt Bevan Magnetite Project, jointly owned by Legacy Iron Ore Limited and Hawthorn Resources Limited (ASX Announcement 7 April 2022: Han**** Enters Mt Bevan Iron Ore Joint Venture). Han**** is now commencing a Pre-feasibility Study on Mt Bevan which is very positive for Yilgarn magnetite projects."
Based on the original plans from ten years ago, the Royalty would be worth about $10mil a year to RRR. What the numbers would be now, I have no idea.
DYOR