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Laughable stuff Helpful. Your usual fare.
So you're basically refusing to tell readers here what the RRR royalties are for El Limon. As I said you would.
Either those numbers are known or they are not. Either they are public knowledge or they are not. If they are public knowledge then you should have no problem whatsoever backing up your claims by posting them here for readers. The fact that you don't do so merely confirms what I already knew from RRR's last published quarterly figure which is the payments are embarrassingly tiny and it will take countless years to recoup the full $3m due. Please stop ducking and diving and evading and provide the royalty figures.
Dukey old chap you really do need to stop making a fool of yourself.
1. If I know price sensitive information not in the public domain then I am an insider.
2. If I disclose that information then I have committed an offence.
3. If I posted on here what I claimed to be price sensitive inside knowledge then trolls like you would squealing about the FCA and price manipulation.
Why not do some research for yourself? You just need to look at the Para/Soma announcements, look at how the price of gold has moved and you can form a decent enough view for yourself.
As to the links: it is called reading up on subject matter. The prices of gold, copper, manganese and cobalt are relevant to how RRR should be valued as is the forward view of the prices. In looking at the forward prices, influences and influencers matter. They may not matter to you because you already know everything there is to know because.... Andrew Bell. Well the last few months have proved you wrong.. If AB is the biggest issue re RRR why has it gone from about 0.15p to about 0.4p in the last few weeks? Has AB left, has he turned over a new leaf, has he undergone remedial treatment?
Everything is going RRR's way at the moment, it may not hold but that is the truth.
Anyway as to influencers on the price environment..
https://www.sprottmoney.com/Blog/fun-friday-as-excitement-hits-precious-metals-market-weekly-wrap-up-july-10-2020.html
You also need to look at the ASX announcement by JMS. They are going to start shipping manganese out of Namibia. This will reduce the transport costs and give them diversification of logistics but they have not mentioned the big upside here. JMS intends to expand output significantly in about two years: this is a dry run to see how the export route works via Namibia. If it works well then that is another box ticked that will permit them to increase output. The big issue for them re output is the rail and port capacity in SA so if Namibia works and works well we are off t'races.
If JMS maintains its max distribution policy then it means that in about two years its dividends will materially increase. The mine cost of increasing output is minimal and the transport cost is the big issue. Namibia is the key. Most of the increased revenue net of the transport costs will fall to the bottom line.
DYOR
So looking back at the list of trades last Friday it can be seen that the trade list can not be trusted.
5m shares were bought at 13:21 but then just 4 minutes later at 13:25 there were 5m shares sold. However that 5m sell
didn't appear in the list until 2 hours later. There were 2 or 3 other sells reported about an hour after they took place.
This is despicable stuff imo. It means you simply can not trust the trade list.
So now I never look at the list and think, "hmmm there are a few large buys maybe something is happening" because there's every possibility those trades will either be cancelled or that the shares will have been sold again very quickly but the trades will be reported much later.
I will be staying well clear of this myself
DYOR
This is how Bell spun the laughable situation on the gold royalty in the last Annual Report:
"Royalty revenues from the El Limon gold mine in Colombia have shown slight improvement, but have not yet achieved their full potential."
Just lols
How're those El Limon royalty figures coming Helpful? Seems to be taking you an extraordinarily long time to provide them for readers here . . . . . .
We've put $500 dollars on Gold price since we've used $50 per Au Oz in the ground (of resource).
http://kirillklip.blogspot.com/2020/07/gold-in-usa-alaskan-elephant-country_12.html?m=1
https://twitter.com/Ole_S_Hansen/status/1282247485495357446?s=19
As predicted more late trades showing up. Nice 5m sell from 13:25
This nonsense gets so very old.
I'll be keeping very clear from this but each to their own.
DYOR
I think what made me laugh is "placings are an ancient history." Yes, until the next one. They are every few months or so if im right. Then of course is the consolidation to make it look not as bad as it really is. Project financing and Bell's salary does not grow on trees, although Bells laughing his way to the bank because it does for him really.
lols - It was oh so predictable that there would be lots of late reported trades appearing imo
Watch out for them at the end of the day and into next week imo
I'm not fooled personally. I've learned never to believe what you see in the trade list.
DYOR
At a 12 month high now. Looking very good.
https://markets.businessinsider.com/commodities/copper-price
Helpful - "RRR has income from JMS and from El Limon."
The royalty from El Limon is tiny. I challenge you for the second time to post up any figures. Of course you won't do so.
JMS pays dividends but earlier this year they reported this was reducing from 4 cents a share to 0.75 cents a share.
Last year Bell pawned off over 1.5m of the valuable JMS shares here without directly RNSing the fact. I can only assume he did that to pay salaries and Admin. It's hardly a positive thing to say "placings are ancient history" if the chairman is dipping into the only real tangible asset for cash ! When those shares are gone, they are gone.
Admin and expenses are currently running at £828,000 a year here for a company with a £2m MCAP !
It's not tenable imo to keep in place a BOD that fail to put out RNSs for key transactions and events such as:
- Not RNSing loans and transactions with Amulet Diamonds
- Not RNSing the loan of £1.1m to Steelmin
- Not RNSing Steelmin going into Administration
- Not RNSing the cashing in of 1.5m Jupiter shares
and so on
Daniel Sklan (13% holder) saw the light making the same comments about the preposterous expenditures on admin and frivolous projects. (https://www.lse.co.uk/profiles/d_s_)
Change is needed imo
DYOR
But the income is of absolutely no benefit to the shareholders as it just disappears as salaries and admin.
Well, well 0.4p paid. Who would have guessed hey Mr Tragic?
Looks like our large nibbler is still nibbling. He or she must be in TR1 territory soon.
You need to check the accounts: RRR has income from JMS and from El Limon. The placings are ancient history.
I think the point is that absolutely no revenue has been generated after years of placings which have resulted in all of the projects being failed and with AB taking out huge amounts in admin fees nevertheless. The only thing worth any money at all is JMS. I have never or would never hold a position in this "company" as if I Wanted to waste x amount of ££ then I can easily just buy lottery tickets as there is the small potential to win something. There won't be a single LTH who isn't at least 60% down being conservative but in reality its more like over 90%. All this company have done is placings which have continued ad infinitum. Even for an AIM company you really do have to be a masochist to invest here and I am surprised it has not de-listed yet.
MrMagic you are obviously an intelligent chap, but I am not really sure what you are trying to do here.
This is AIM - Junior miners/explorers/project generators - It is absolutely normal for them not to have any revenue ...and obviously they will incur expenses and have liabilities.......at this stage financing is difficult and so you absolutely have to expect share dilution....its par for the course
This sort of investment is very much 'Jam Tomorrow'....but I like Jam and lots of it, and so I'm prepared to buy a few tickets for the lottery
I don't know AB well and obviously you've got burnt here....But Paul Johnson seems like a decent guy ....he and the BOD contributed heavily to the recent placing
This is NOT low risk investing....If you can't stand the heat get out of the kitchen......Please
MMgames - "RRR are in collaboration with Power Metal which is headed by Paul Johnson "
Bell is exec chairman at POW so I personally wouldn't expect things to be any different there than they are here at RRR or RGM. i.e. lots of confetti share issues, lots of fingers in lots of project pies, lots of "jam tomorrow" promises, large expenditure on Admin and so on.
A quick look at POW's recently published Half Year Report confirms my thoughts:
Loss incurred - £256k
Revenue - zero
Operating Expenses - £316k (equiv to £632k per year)
Cash - £289k
Liabilities - £123k
The report also states they expect to make a loss in the next 12 months.
Laughably their report shies away from using the word ADMIN and calls it "Operating Expenses" as if somehow that will make things different.
POW just dropped a placing on Monday raising the shares in issue from 552m to 763m, about a 40% increase.
Same old
https://twitter.com/StockBoxMedia/status/1281478849126170624?s=20
Mr Magic u think another placing due?? I would not be surprised. Look at the latest youtube.
https://youtu.be/A4CMowBhL5k. Watch out for the funny subtitling.