Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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take the emotion out of it!!!
my average is 0.67p, i know this will come good, Nov will be interesting..
In fairness, you've a better chance now than you did a month ago.
You also keep saying forget the past, this is aim. That doesn't work for Andrew bell companies. A single cell organism would have realised that by now. And you maestro, it's safe to say, aren't that dim.
MRMAGIC
you keep going on about me not holding 3% of share capital, i am a personal investor and cant afford to purchase 3% of company.
You are crazy, stop crying about the past, this is aim.
All that effort and you troll this board, you have no interest long/short and you want people to take you seriously.
I invest in aim mkt because returns are way higher than investing in ftse100 stock, i cant care less where rrr and you are in the distant future, im here to make good money, at the price i bought i can make good money.
Good luck with your whinging.
Maestro you've been trying to ramp this for months and months and look where it has gotten you! The SP has lost 40% of its value in just a few months and over the years this share has simply seen utter SP devastation.
You come across as desperate and despite all the facts put to you, you just keep trying the same old "sleight of hand" tot up the cherry picked sum of parts trick. Honestly can you not see that the markets are not in the least fooled by such nonsense?
If you are going to do a "sum of parts" then at least have the honesty and decency to include all the parts. Where were your liabilities and CLNs in there?
Your valuation of the JMS shares is meaningless. 6 months ago you would have told everyone that their value was £4m. The shares however are locked in escrow so can not be sold. They will remain in escrow until mid-2019 imo.
So today you say they are worth £3m which demonstrates admirably how utterly meaningless such valuations are mo. You are basically confirming that a huge £1m of value has already been lost in those shares in just 6 months. So how much more value will be lost by the time they come out of escrow in mid-2019? No-one knows.
Your constant attempts to ramp the Migori situation are desperate. Even if they do get the licenses back, that just returns them to where they were before. It will still take tons of money and effort to push the project forward. Tell us honestly, what was happening with Migori before the licenses were revoked?
You told us all last week that RRR has some £2m in liabilities (as trade and payables) and also has £1m of CLNs to sort out. Where was this detail in your cherry picked sum of parts below?
Comment on the actual company is unnecessary TBH. The point here is the underhand method you are choosing to try and ramp with. Why don't you present a "sum of parts" with all the parts and maybe gain some credibility?
But even then, we can ignore all of that. Because the proof of the pudding here is your personal commitment to your own ramping rhetoric. Where are all your buys? Where is your 3% holding RNS?
Until you show me those I will maintain my belief that you are underwater here and desperate to hand off your shares to some unsuspecting mugpunter.
MrMagic
I dont think you understand how it works, usually small companies take on licenses and explore and if they find something they tend to find a partner or sell the asset off, they cant afford to go it alone.
Why would AB want to sell our JMS shares which gives us a yearly dividends of £1m? Our JMS shares are worth over £3m but we have over £3m in cash no desperation into selling them.
You keep going on about admin being 600k per annum and most of the divi will go in expenses, so what!!! this means the company is profitable and surviving, once the Migori license is processed and returned rrr can either sell the project or get a partner, now the gold project is worth multiples of our current mkt cap alone, to date rrr has a jorc resource of 1.2Moz.
Then we have the cobalt and copper project.
mkt cap 3m at present is a joke, MrMagic only wishes he invested his lifesaving's now, as he could have easily doubled or trebled his investment.
IMHO, RRR is due a bounce, all those buffoons saying 0.4p this will value the company at £2m, RRR has over £3m in bank, over £3m worth of shares in an australian listed company jms and also has various assets.
Good look...
Stephen cochrane down to 3.5% from 4.6
Maestro, helpful or some other poster?
My money would be maestro, with his 55 posts in the last few weeks. All pure tosh of course. Classic pumping posts.
You asked an interesting question earlier, not sure why it was removed lol!
I would have to say yes. Most folk seem to invest in both rrr and rgm if they invest in any of Andrew's stuff.
The rgm situation is quite telling. After such a successful site visit, why the absence of any proper trades on rgm since??
Either a, the mine is a complete clusterfcuk (but no major sells, so I'd rule that out)
B) the company is organising some sort of placement, cln, to raise funds, as they are running on empty. (Most definitely imo)
C) the mine is only so so, not worth buying or selling down any more.
Will red rock lend some funds to rgm? What is their % at now or have they been diluted to oblivion like all the other holders?
You're not telling us anything new.
Mt Ida going absolutely nowhere so RRR's "royalty" there remains non-existent
JMS shares are locked away in escrow whilst their value seep away. You say " in escrow till March time". If you read the escrow agreement you'll find it says until Jupiter release their Annual Report which I believe last year was June.
Here's the problem. The dividend from the shares is nice, but the lion's share of it is expended in Admin and Other Expenses which the Half Year Report here put at the equiv of £600K per year.
Small wonder AB doesn't want to sell !!! Not that I ever believed he would as I've posted on numerous occasions.
So the true situation is that AB reaps the dividends of which thus far not a single penny has been passed onto RRR shareholders. He fritters much of it away in Admin and meanwhile the value of the JMS shares plummets. As I said earlier, they were worth £4m when Jupiter relisted. Today they are worth approx. £3m. How anyone would deem that whole situation as good for shareholders I can not imagine, but I'm sure some shameless ramper will be along in no time to explain it all !
JMS
https://www.jupitermines.com/cproot/858/3/20181026%20Jupiter%20Mines%20Half%20Year%20Results%20-%20Appendix%204D%20and%20Interim%20Financial%20Report.pdf
You could have met the CEO when he was in London a few weeks back if you wanted. He was a nice chap and went through in detail the Tshipi operation. He is certainly a man committed to his job and he is totally immersed in the details.
1. The only acquisitions they will be doing will be opportunistic Manganese ones in the immediate vicinity
2. Output is limited by the rail capacity, Some more capacity may come free in about two years.
3. A new port is being built which might increase capacity
4. If they had the rail and port capacity they could do twice as much as they are doing now with a small increase in the workforce
5. Nothing is going to happen at Mt Ida or Mt Mason unless someone else comes along and wants to take the project forward.
6. The only growth at JMS will be growth in income.
7. As AB has indicated he has no interest in selling JMS, he wants to receive the income. Full year dividend should be of the order of 20%+. He can't get that income elsewhere, so why sell?
8. It being in escrow till March time is not an issue, we still get our dividends and AB has no need or intention to sell
9. JMS will not be doing anything except concentrating on maximising the income and the dividend distribution.
DYOR
*fund
When Jupiter relisted on ASX last April RRR's holding of just over 18m shares was worth about £4m (@ AUD 0.40 per share).
Sadly the Jupiter SP has tanked ever since and the Bid now stands at AUD 0.305.
Today the holding is only worth £3.1m
So pretty much £1m of value has been lost from that holding in about 6 months. Not good.
I'm mindful here of the plethora of shameless rampers (some still present here) who duped people saying that the Jupiter SP would rocket and be 10 times the relisting price !!!
The shares are unfortunately locked away in an escrow agreement so can't be touched whilst their value slips away.
Trueish.
If they do nothing they have lots cash but that will soon change if AB gets all the deals he wants in DRC. In the short term he will need working capital to get them going: even if only to find JORC reports on the assets.
Helpful
My point is they are not in desperate need for cash, when you have mkt cap of 3m, something gotta give.
It comes down to opportunity cost: repaying the CLNs gives the company a certain return of 10% but what does it generate by using the CLN money as wc elsewhere? If the copper and cobalt deals are are really good perhaps the company will benefit from rolling the CLNs. £3.5mil doesn't go far as wc if the company has multiple copper and cobalt deals.
Rubbish.
The CLN's were agreed last year at 0.8p a share, for £1m these derampers are thinking it will be difficult for us to pay them back which is laughable.
RRR has option to repay, roll or convert, with a company having close to £4m in bank and they come out with lame excuse that £1m is issue for us.
Await the final results to see how decent of a position rrr are in.
He has a choice: he either repays or he agrees terms to roll the CLNs. Ideally, he comes out with news that drives the SP up and we convert the CLNs. Next week might be interesting!
Next accounts made up to 31 January 2018 due by 31 October 2018. Those profits will cover the Loan Notes. There will be profits and a return to shareholders will there not? DOH!
Not long now until the loan notes need to be paid off. It may not be easy to refinance them in the current environment and Steelmin will probably need a bail-out loan. It will be interesting to see how the boss deals with this.
And your point is what exactly?
Something else for you to vent about.
https://twitter.com/AndrewBRRR/status/1055455190143385600
on an assets basis yet so overvalued on a liabilities (Bell) basis.
helpful
all fitting nicely, still cant believe how unbelievably undervalued this still is.
FYI
https://assets.kpmg.com/content/dam/kpmg/ke/pdf/kpmg-mining-act-2016-analysis.pdf