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There are plenty of BOD's that don't bother even doing that though .... I think he can see it is on the cusp ... lets be honest its been taken down hard, the lths have been butt XXXXed so I don't blame you lot for moaning about it, but, as an outsider it looks like a mix of bad market conditions and some desperation deals to try and hold it together that led to the sp dwindling, they didn't come off as planned but the market for commodities is turning, slowing like a super tanker turning around... It is not impossible that this can be successful....
What do you make of his timing of the purchases?? Right before the agm, after an activist investor comes on board and more confetti is issued. That to me, smacks of buying the minimum to keep your gravy train chugging along. All resolutions passed. Business as usual. Coincidence perhaps?
Robins... cant disagree with any of that ..like a lot of aim junior miners in recent years this has been battered and compounded by BOD's errors in deal chasing.....sometimes you've just got to sit on your hands..... i'm only looking at where he has put his own money along with his fellow Director and what they paid per share, I've just followed on that..... I think it will be profitable from these levels. Very few BOD's on AIM that I would trust and or respect ... best i've seen to date and invested in BMN .... very undervalued stock imo.
Coffeecups my problem here is I would question ABs integrity. He made many statements around the Greenland deal and indeed the El Limon sale that were questionable. He once told me he had reduced his salary in order to help with things but then I found out the following year he had merely delayed taking his full salary but claimed it in full the following year. Smoke and mirror job in my opinion. I thought he was genuinely taking a pay cut.
@maestro Why do you post daily if you are confident here? Sound bite after sound bite with cherry picked info and only a completely rose tinted view of all the possible outcomes. Doesn't show any confidence at all on your part. Suggests more that you are desperate for others to support your investment decision.
0.9595
Robins ... defiantly not disputing ab's prev failures ... I'm new in here so bought at 9.595... from my viewpoint this has an acceptable risk attached to it.... not gloating as have made mistakes on aim before....so have felt the pain .... at this level this is a recovery opportunity ... let's see if Bell has learned his lessons. ..
Why do you post daily if you have no interest here?
The tell tale personal jibes Maestro, poor show. Boiler room 101 tactics though. If the SP looks attractive then where are all your buys? Not seeing any TR1 Holdings RNSs from you . . . .
You have been posting for years on this, u have personal vendetta against bell, sp is low and looks very attractive to buy. Bell recently bought in .6p and .8p, next two months very busy on news front...
I wish I had listened to Mr Magic all those years ago and I wouldn't have lost my money. No one can dispute all the failed ventures by AB.
lol Gunner. Shows 5% up but with a 10.5% spread !! Rampers appear extremely jittery imo. Can only mean 1 thing . . . . . tick tock !
The price is edging up and Mr. M is panicking and no doubt now spending most of his time frantically searching for some damaging information to stop this rise in price. Some things don't change!
Magic You only post on companies which bell has a interest, what's going on are you a stalker or a investor. You need some help and let it go... Finally moving... cobalt deal very soon..
Magic...think yr looking at shadows m8....
Correction 100,000 x 3 and a 300,000 sell
1,000,000 bought at 1p 1,000,000 bought at 1p 1,000,000 bought at 1p 3,000,000 sold at 0.971p Could this be the same person? A small loss of �87 for a poor attempt at trying to generate momentum? Or are these just separate trades, different people? Who knows?
coffeecups "if it is cobalt at a decent price in a stable part of the DRC then im all up for some healthy dilution" lols. Ramping gettng desperate now, trying to big up projects that the company hasn't even embarked on yet ! Should RRR decide to proceed with the cobalt venture they would be liable for: - a cash payment of $700,000 (circa �500,000 in real money) - �490,000 payable in RRR shares at 0.65 pence a share, with attached 5 for 3 three year warrants to subscribe for new Shares at 1p (i.e. 75m dilution shares) - Commitment by RRR to fund $1.2m of exploration expenditure over 18 months to produce a bankable feasibility study on Kamirombe, and thereafter pro rata. "healthy dilution" lols, comedy gold. Where is the money going to come from ? How many more fat fingers can this BOD get into different pies ? Isn't it about time they got one project, just one project up and running properly and generating significant recurring revenue? How many damp squibs/failures have there been on which cash was expended? Ivory Coast, DBar oil, Cloud Computing, Candy Sweets, Elephant Oil, Greenland, Shoats Creek . . . Millions and millins of ���s raised year on year and yet MCAP sits languishing and the SP destroyed.
increasing............... doesn't matter what we think its what happens that counts .... I reckon the loans going through..... Come on AB....
Cgull.. yes usually unless you are in Mila who don't seem to be able to fall over a deal..... the Q is what is the printed share going to buy, if it is cobalt at a decent price in a stable part of the DRC then im all up for some healthy dilution....
Coffeecups. As soon as that sort of nonsense starts the regulars know there is a placing coming.
Magic, most mining companies ive seen on AIM like to have this freedom to print confetti as you call it, quick deal comes up they now they can agree quick terms....
maestro - "Bell knows if the loan is returned rrr will have over �2m in bank, have over �6.8m in shares in Jupiter, have c.eur 6m in steelmin, have �550K returned by para, �354K buyback" lol And yet Bell thought it necessary to ask shareholders for authority to issue up to 500m more shares here at the recent AGM. What a terrible management decision that was if he genuinely expected all that cash to arrive in a timely fashion. Frankly I don't believe for a second that he does believe that cash will arrive. I'm afraid your rose tinted view doesn't match up with the company's action's. maestro - "So we will take a asset with turnover of eur40m and Eur10m ebitda" But Steelmin isn't even producing. So where is this 40m turnover? You're simply throwing pie in the sky numbers up in the air. Hopes, expectations, dreams. Until Steelmin produce and until we see what levels of production are achieved and what the production costs and revenues are, all you have is a share of an illiquid asset. maestro - "You and your love for Confetti" It's not my love, it's Mr Bell's love. He's been issuing the confetti for years and has thereby overseen total SP destruction here and had to perform 2 share consolidations within the space of 12 months it was that bad ! It is Mr Bell, not I , that has just asked for authority to issue up to 500m more shares here. The loan to Steelmin and our loan with YA were supposed to be back to back deals that effectively cancelled each other out. Rampers said they were good deals, that we couldn't lose. Lol how has that worked out so far ? 10 Nov - �495,000 of Convertible Notes issued with accompanying warrants - exercisable at 0.8p 12 Dec - �215,000 of Convertible Notes issued with accompanying warrants - exercisable at 0.8p 14 Dec - �290,000 of Convertible Notes issued with accompanying warrants - exercisable at 0.8p 21 Dec - �125,000 raised by way of a placing of 15,625,000 shares at 0.8p You take us for fools which most here certainly are not. AB is the confetti king and that will never change imo.
Here we go ... loans in news leaking ?
Well here's my prediction, steelmin will repay loan very soon, we will finish dd on cobalt project and buy-in, steelmin will begin production in March and March/April Jupiter will relist on asx...