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MrMagic is back.
Still havent answered our question, 6 years posting negative posts but you cant short this stock so whats the point?
Another £500k coming on wed to RRR. :-)
Kabaa: "misinformation about company liabilites"
I notice that as ever you are happy to slander people and then when challenged go silent. Please have the decency to tell me what misinformation about liabilities you refer to?
Would you care to hazard a guess at where those liabilities stand today ? preferably backed up with some substance.
This can jump 50-60% quick Imho
Progress is being made, they finally have reliable income coming in. Jms is valued at $0.33 per share, analyst saying its worth much more. At present worth £3.3m but giving us £1m divi per annum. Interesting indeed. Company confident of getting migori licenses and getting partner for project. Mkt cap of 3.5m is just too low especially taking the above into acc, if all the bears take the emotion out they toi will think rrr is cheap at present.
How many years have we been in a resources bull market now, and how many years remain before it turns again?
Bell has made so much of the last bear market and how it was to be expected that RRR would struggle during this period. Yet now here we are, several years since the upturn, and things don't appear to be improving here one iota.
Maestro - 10 posts in the past week.
3 on the company (very selective posts, ie...ramping bs)
7 posts laying into magic.
Who's got issues again?
Really strange for someone to post consistently and not have an interest in the stock, these post are not one liners also.
Very strange indeed, whats your purpose? You want investors to lose money? You want AB to lose company? Hes already a wealthy person and holds positions in various companies, so how does he lose out?
So whats the end game for you Magic, 6 years of posting negative i think you have a record
Kabaa, pray tell what misinformation has magic posted?
I'm sure chief litigation specialist Andrew bell would have nipped that in the bud if it were true.
Kabaa I think thats been his aim since he lost a fortune here which is to bring down the company. Really sad, doesnt get my sympathies for doing this for 6 years. Everyone loses money on aim, anyone says otherwise they are lying. You will have your rant on the cpmpany for a while and move on, it seems magic and his multiple aliases cannot. Of course i have no love for AB nor does he really give a toss about investors its where you see value one should invest. If you ever want to invest long term i would never suggest aim mkt.
MrMagic/Torp clearly lost a lot more than 20k. You can see in his posts from 2012/2013 he excessively averaged down around 5,000-10,000% higher than todays price.
The really sad thing is he can't move on from that. It was 6 years ago now. 12,000 posts as Magic and many others from Torp all day every day is insanity.
What has he achieved in them 6 years? I can't imagine AB even reads his posts for 6 years and has likely blocked him long ago. So it baffles me why he still posts incessantly over the years. A few posts on a forum are not enough to take a company down and posting his misinformation about company liabilites etc does not make much difference investors who will look into it themselves.
So MrMagic - many of us would be interested to know WHY you quite literally spend most of your waking hours monitoring the rrr board and posting about it and thinking about it for 6 entire years? It's the most illogical thing i've ever seen. Also how much did you actually lose in order to get like this? i'm sure dozens would be interested in the full story.
Torp/magic What would you do if bell retires? It seems you only post on all companies he has an interest. When we invest im aim market we all know the risks. You got emotional should have kept your money in isa.
I think you are the paid deramper, last 5 years posting daily need some closure mate. I haven't been ramping this for 5 years.
Omg torp you are on 2 boards simultaneously. Unbelievable!!! It was only 20k you lost 5 years ago.
Maestro: "We own 22% of steelmin and we dont need to bail them out, a buyer will come in to the newly refurbished plant,"
You're talking utter Billy BS. The plant has just announced the disastrous situation that it can't operate at a profit because of high electricty prices. It desperately needs to set up a long term contract with an energy company but meanwhile Steelmin is a total bust, the latest in a long line of RRR damp squib ventures imo.
Why would anyone consider buying a plant that can't operate at a profit?
Not only that but Steelmin borrowed EUR 3.8m from RRR which they subsequently refinanced with a "Luxembourg Investment Vehicle" and a further EUR 3m from another group of lenders. That all needs paying back.
So, massive debts, unable to operate at a profit, and you think someone will buy it out?! You're a total joker.
It will end up in AB's oubliette along with Greenland and Ivory Coast and Shoats Creek.
Your paid ramping is a joke.
Maestro: "the numbers for investors look very appealing, mkt cap is only 3.3m yet they have money in the bank and receive £1m in divis from jupiter per annum."
Like I said, no one is going to fall for your carefully cherry picked nonsense here any more.
Why is it you make no mention of current liabilities in that set of "appealing numbers" Maestro ?
As at end Dec 2017 the liabilities were a whopping £5.3m as stated in the financial report.
The remainder of the back to back Steelmin financing has been paid off since which accounts for roughly £2.2m. So what's happened to the rest of those liabilities? What about the £1m of CLNs that were set up last year and which run to Dec this year?
As for the Jupiter divi how can anyone get excited about it while ever the company keeps expending equiv of £600K per year on bloody Admin and other expenses?
Your ramps are entirely hollow and the SP is where it is because markets know the score here imo.
"TW is fully aware but ignores it as Bell has a stand at TW's UK PumpAndDump show. I contacted TW a long while back and pointed out the hypocrisy. His reply was that Bell was his mate "
...............
Although i'm not subscribed apparently TW did a podcast the other week and he said he will not personally attack any his friends in articles. So the like of Bell or PCGE's Richard Poulden he won't attack.
Also if you notice, TW will often praise Riverfort capital. Most PIs think Riverfort are just like YA but TW praises them. The reason is that his friend Brian Kinane is it's CEO and founder.
TW tipped Curzon energy and even just lately he said he still believes in them. Of course Brian Kinane is a director at Curzon and Andrew Bell's RGM invested £575,000 in Curzon. When Curzon listed a year ago most of RGM's Curzon shares cost 10p but today they are worth around 3p a share.
Curzon fell today by 26.14%. So another lousy investment by Andrew Bell.
Magic
We own 22% of steelmin and we dont need to bail them out, a buyer will come in to the newly refurbished plant, we will receive c.22% after cost.
rose was recently 2.25p and it went as high as 3.8p since then. Easy money...
That was cheap.
No matter what you think of Bell, the numbers for investors look very appealing, mkt cap is only 3.3m yet they have money in the bank and receive £1m in divis from jupiter per annum.
WE own shares in Jupiter which are worth the same as our mkt cap, you would be a fool not to buy in at current level.
Dont know which school you went but the numbers are in the favour of investors who purchase at this level.
Probably best to get back to ramping CHAR and ROSE Maestro. No one is going to fall for your ramping nonsense here imo. SP here is only going one way imo now that Steelmin have announced that they can't operate at a profit and now that Shoats Creek has gone all quiet. It just can't be polished any further, too many people too wise now. Even one of the major holders has started dumping:
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/holding-s--in-company/201809281226483649C/
magic
while you cry you lost of 5 years other make decent profit on this stock, this will be close to 0.9p very soon again.
He seems to go all over the place but never delivers value to shareholders. How does he sleep at night?
Maestro: "Steelmin cost us nothing"
Poster Helpful said the same thing. I'm not sure how true it is because those that make the claim tend to ignore a key part of the financing. I'm happy to be convinced otherwise if someone wants to present the numbers.
I see a couple of the regular ramping company apologists have suddenly appeared. This imo usually heralds a pump and dump attempt. They clearly want to shift some shares imo.
AB is today in DRC. And then on to USA next Monday.......<br />.<br /> On Tuesday he tweeted................. <br />" I go to Jupiter mtg at 2.30 tomorrow. I fly to DRC at 9 pm tomorrow, arriving 1310 Thursday. I meet CEO of Gecamines that afternoon. Next day I either go with geos to Office of GEODIR Gecamines at Likasi, or save myself for the debrief and do other stuff. On Sat I fly back arr 0700 Sunday. On Mon I fly to Charlotte NC via NY driving on next morning to coal mine in VA. Then I arrive back in time for my sister's induction as a lay reader on the Sat before going on hol to Croatia on the Sun"
Quick profit for some buying at current levels.