GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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Someone promised me 0.4p here: looks like I was misled!
I have significant iron ore holdings in the Pilbara right on infrastructure but ding dong is playing catch up again with other commodities in Africa. He couldn't see this coming :-) I have waited 12 + years to position again and right on cue -this iron ore boom will be far bigger than when I got RRR up to 20p last time around. 58% Fe almost USD$ 100 tonne.
Perhaps TSBNATWEST hasstarted to invest.
Aaah. The Aussie purveyor of the unvarnished truth.
Righty ho.
Looks like we might see a couple over the next few days.
The company previously gave us RNSs to tell us the royalty revenue rate for the quarter ending March 2017 and a year later for March 2018. The revenue was paltry, last March being just £13,658 for that March 2018 quarter. Simple calculations then highlighted that it would take a staggering 134 years to recoup the full $3m which is of course utterly laughable imo.
Rampsters waxed lyrical about Para Resources hopes, dreams and forecasts of better production rates in the future, but here we are, over a year later and the BOD here have gone very typically schtuum.
We have learned to our extreme disappointment how this BOD likes to bury bad news and how they simply go quiet instead of honestly and faithfully providing regular production reports "warts n all" to shareholders here.
When the Shoats Creek project completed testing the BOD were quick to put out an RNS stating the juicy testing figures, but once production started there followed months of silence and of course we eventually found out that production rates were extremely disappointing. Of course the Shoats Creek project has since become another RRR failure and is now being written off.
More recently the company conducted transactions and loans with Amulet Diamonds which the BOD chose NOT to RNS to the markets until 5 months after the event when they casually slipped it into the Annual Report. Unbelievable arrogance and disdain for shareholders imo.
Even more recently, another RRR project failed, that of Steelmin which went into Administration at end of Feb this year. Again the BOD here chose not to RNS this fact to the markets.
With such a track record of hiding/supressing key facts and events I come back to the El Limon royalty.
The amounts were paltry last March 2018 quarter. We are now at the end of May in 2019 !!!
Thus where is the Colombia update stating the royalty rvenue for the March quarter 2019 ?
The lack of an update together with the BOD's track record of hiding bad news can only serve to make me personally believe that the royalties must be even worse than last year otherwise I feel sure Bell would be shouting it from the rooftops.
It is for me personally inexcusable that the company doesn't provide simple honest quarterly royalty updates for it's project here. Along with the other dispicable instances of failing to RNS things I fail to see how any investor could ever trust this BOD. If they don't RNS key transactions and loans with 3rd party companies, if they don't RNS when their project partners go into Administration, if they won't RNS simple quarterly royalty figures then frankly what else are they not RNSing??? People are effectively investing totally blind. Why the large investors have not removed the BOD here I can not fathom. Definitely one to DYOR with.
Well, well, well, empty inbox? Not surprised.... Hahaha... goad... goad Come on chump... get you lawyer to write this up: I [mr big shot] claim the following to be legally and provably true (ingnoring * comments) * on the date of 23/06/2019 all trades registered as sell on the LSE website were in fact all buys, purchased by [mr big shot] (* love this claim, there’s an opposite buy on the 30/04... but hey, that’s just a coincidence) * I [mr big shot] own a business valued at $40m (* not £’s, mmmm) * I [mr big shot] have 4m “social media network” * I [mr big shot] have a Double First and Masters degree FYI in Economics and Maths (* funnily enough this seems the most plausible)
"Oh and I’ve never spoken to Andrew bell or anyone at this company in my life."
Hahahaha... so mister big shot, £40 Co, 4m followers, invested in a company having never spoke to anyone affiliated with the company... goad... goad.. empty inbox... hope you've got a lawyer mate who's happy to waste some time
Loving this... I'll goad this chump into a legal binding document then show you guys the results
Get you lawyer to message me.... so I can check the domain
Haha, raise the stakes.. classic chump strategy... funny that Mr busy £40m business can reply instantly... rictastic at hotmail
Oh and I’ve never spoken to Andrew bell or anyone at this company in my life. You lot so quick to come up with theories and 20,000 negative comments on a board, no wonder you likely don’t make money. Stop focusing on who and what other people are. Sad really. Let’s go
Not one for details are you. $40m Business, and of you want to do that, like I initially proposed, back yourself - let’s get a lawyer to draw this up. $10,000. Can prove all the points. Come on big dog. Send me an email address. Got to have downside for you when I reveal details to the retail jub buckets
ahhhh, and add in the bank history
matlot: don't forget.. rope some chumps in (Helppful, DBGSJPM) to buy and promote the company based on "nudge, nudge, wink wink from Bell" and then dilute into the hype (yet again).... and DBGSJPM, bets on... (lets double it)... but based on 4M followers, £40M busniess, all "sell" on 22/05 are your buys
If you buy into this lifestyle company you are going to be here for a very very long time , any newbies be careful before parting with your hard earned !
that should pay half bells wages.......https://www.proactiveinvestors.co.uk/companies/news/220851/red-rock-set-for-healthy-dividend-payment-from-jupiter-mines-later-this-year-220851.html
Captainslapper - "You forgot to mention, shoats creek, steelmin"
Funnily enough so did the BOD here !!!!!
Jupiter put out a bit of good news and the BOD here are all over it like a rash releasing an RNS to tell everyone about it.
But when one of their projects STEELMIN goes into Administration they stay quiet and there's no RNS at all !!!!
Despicable behaviour imo
As was failing to RNS to the markets loans and transactions with Amulet Diamonds and more recently the £1.1m loan to Steelmin which of course will presumably now be written off as the Steelmin assets look to have been given over to the secured creditor Thalos. Another absolute kick in the teeth for shareholders here.
This BOD has to go, they are simply untrustworthy and treat shareholders with utter disdain imo. DYOR.
TDT2 has it bang on the money. A divi of USD $319,554.77 equates to just £252k. Peanuts.
This BOD fritter away approx. £850,000 a year just on Admin Expenses (see Annual Report)
They also spent £306,666 on "Other Project Costs"
A divi of £252k goes nowhere.
As at 31st Dec the company had only £27k in the bank (see Half Year Report)
But it also had Current Liabilities of £2.7m
So . . . . .
Dividend received approx. £252k
But against that liabilities of £2.7m, ridiculous Admin Expenses of circa £850,000, Other project Costs, probably on-going legal costs for Kenya and so on.
Small wonder there is a sudden bout of fervent ramping here. Confetti dilution is nailed on imo. How could it not be?
The company has already requested and been granted authority to issue up to 400m more shares in 2019.
There are a whole bunch of outstanding Convertible Loan Notes and tons of warrants to boot.
As TDT2 rightly says, any cash that comes into the RRR coffers is simply exposed to this preposterous expenditure
on Admin Expenses. RRR has so far received over £1m from Jupiter's 3 separate share buy-back exercises and a further c£750k in total from a couple of dividend payments.
Yet shareholders here have NOT BEEN GIVEN A SINGLE PENNY of any of those bonuses/divis.
The money simply seeps away in crazy director salaries and expenses and spurious projects.
It has all become a bit of a joke TBH. Nothing but a lifestyle venture for the BOD here imo.
DYOR
Perhaps it's our millionaire, bank owning contributor.
Interesting!
IG is quoting 0.5211p to sell. That 0.55p trade is bang on the mid. It looks like it is a negotiated trade. It does look like someone is buying. Maybe we have reached the turning point.
DYOR
FYI
That’s right run away idiot haha. I gave you an option with no downside to find out. Yet you run.
Pathetic retail jub. No one putting their money where their little claims and keyboard bashing is. And no, the UT are unwinds of the other side - almost no bashers here actually understand how a market works it seems and what different prints mean. Also, these .58 prints today, no one taking about them by you speculate with a few trades closer to the bid side. So simple it’s almost painful. You will see. Simple
It would interesting to establish the truth.