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Okenia He has his opinion, we have ours, at this price there is value multiple times. If the cobalt deal comes through then it's a game changer we are looking into double figures. There is an estimated 35K metric tonne in the asset rrr are looking at, 1 tonne of cobalt can be sold for $30K. With commodity prices gaining traction again now is the time to get back in this stock.. IMHO...
.. on this post ... I'm thinking .. really ,? Full of ..... i have read the rns could go up could go bust... the cos done****** for yrs ... ab is generally considered to be a *******. I bought these at 0.9595 so from this base point is where my discussions begins ....from this point educate me and others joining here....
Comical reading posts saying 50 percent of people bought at 10 p are bitter,lol even people who bought at 1 p are holding shares worth 1 /25 th of a penny.mustnt forget the consolidation guys.there is some outrageous ramping going on at present.trying to completely airbrush a farcical 6 years of mis management.anyone trying to list el limon as anything other than a complete shambles cannot be trusted.BEWAre.rrr woes have only been partly due to the economic climate.after all limon managed to lose money at the height of the gold price.circa $1800 and costs of circa $2200.of course in true Bell fashion it took many many months to discover the true situation.and now we have steelmin.maybe spots have been lost.rgm still waiting for their lauded coal riches.I believe there may be some value here but blind faith has mostly been very costly.good luck to genuine punters.
Maestro - we're not making fun. This is someone with baggage who won't take ownership of their own investments decisions, and m
rrrRRRrrr ?
I think almost everyone investing on aim have lost money, it's risky business. Let's not make fun of someone who has lost in past in this stock..
Pick your own **** for that post.
If he was not such an annoying **** you would feel sorry for him.
The trouble with older investors like Mr Muscle is that (as per their stage in life?) they spend too much time looking back and brooding over their (sorry, someone else's - the ********!!!) mistakes and error, as opposed to looking forward as to how to make ££!!
http://thebounceblog.com/articles/bouncing-back-from-financial-grief-and-loss/
"It wasn't my fault I lost money, no no nooooo..." Retrospective validation is a terrible curse
I started investing in Red Rock years back and as i was researching, I could not understand why this MrMagic comes here all day and night to post negatively. I looked back into his posts from 2012-2013.: He is a guy in his 50's, who has no history of buying anything other than Red Rock He does not understand many investing basics and has no other experience He lost all of his money here. He averaged down at the worst possible time at the start of a huge bear market (lol) He is not very intelligent and posts are littered with mistakes and are misleading He tried to ramp red rock for 6 months, spamming many other boards around 2012 He now has 11,000 posts, had many more but that have been deleted. 99.9% of these posts are on companies that andrew bell has something to do with but mainly red rock and regency. He is one of the best examples of how to waste your life and be a total, bitter, blamey, loser. I suggest many of you start reporting his posts. He has written some things perhaps over 3000 times - I believe he copies and pastes a lot of the paragraphs in his posts.
Pound signs in last post were EURO symbols when posted. Site has changed them to �
Let's also not forget that Steelmin, aside from borrowing �3.8m from RRR, also borrowed �3m from Christof Industries and OeKb, Osterreicheische Kontrollbank AG, to complete funding required to bring furnace V back into production. I wonder if that group of funders are also wanting Steelmin to repay soon too. Equally one wonders what kind of deal this Luxembourg vehicle is going to want for lending Steelmin �3.8m+ to repay its debt to RRR. A big cut of the company or its profits maybe?
Let's be honest, I'm pretty sure people expected Steelmin to have refinanced and repaid RRR way before now, problem is they haven't. Let's be honest, most people probably thought the "back-to-back" loans with Steelmin and Yorkville were balanced and no-one could lose, yet months later we've already had 3 tranches of CLNs and placings to raise money, all with warrants attached and greatly increasing the share issue. If Steelmin do actually repay, will AB buy back all of those shares to redress the balance??? Can't see it myself. Let's be honest, RRR said they expected production to begin in Jan 2018. Now they are saying March 2018. We've had an RNS regarding a possible Steelmin refinancing deal using words like "intends to" and "best effort basis" and subject to certain conditions. I take absolutely nothing for granted here. Things clearly aren't going the way most people had hoped imo.
And if the Steelmin money comes back I guess you will find a new hobby and stop posting your banal meanderings here?
Cannot believe you just spent the time writing all that drivel.
maestro, not interested in your investing advice thanks. I'm immune to the shameless ramps and endless overhyping of the couldbe's, mightbe's, shouldbe's here. Experience tells me that nothing can be taken for granted here and with the constant threat of dilution ever hanging over proceedings I would not be surprised if many find that there are better AIM stocks to go at. "Jupiter has been buying back shares at 0.44c" Yep but only for a tiny % of the share base. Valuing the entire share base at the same value is farcical imo. If you decide tomorrow to go and buy 100 RRR shares and offer the MMs 3p a share, that doesn't suddenly make the other 499m shares worth 3p does it ?! There are plenty of posters on other forums and websites saying that the value of Jupiter is being over-hyped. A relisting will for sure end the speculation once and for all, if it happens ! Best wait to see if it does and where the JMS SP settles imo. "I have told you previously that steelmin have always had option to increase loan by another 8 months so it's not new" You have no need to tell me, I've been highlighting the fact for months. I speculate that they might well take that option which will leave RRR having to keep paying down it's huge loan with YA ($2.8m still outstanding). Where's that money going to come from? We are due �364k from Jupiter and circa �529k in April from the Limon prom note. But then there's the colossal �686k of Admin and Exploration expenses to foot. So again, where is the money going to come from to keep paying down the YA loan? I think I can guess !! You're basically trying to get people to pin their hopes on either Steelmin refinancing/repaying and/or Jupiter relisting and AB selling JMS shares, neither of which has yet happened. It might be a decent punt were it not for the fact that AB has already just secured authority to issue up to 500m more shares here (curr 499m in issue). There's the rub. It's not like RRR doesn't have form in the dilution dept ! The simple fact that AB felt it necessary to request authority to issue such a huge number of shares certainly casts doubts for me on how confident he is that all this money actually will come rolling in. Each to their own and DYOR.
The issue here is that an investor seeking to make a return has to take a position BEFORE the value-enhancement news, not wait until it has announced the news and re-rated. Investing is about the change in value AFTER you invest, not the value AT the point of investment. Otherwise I'd be a zillionaire by simply buying APPL shares tmrw. That's all the more true on AIM where SP is set by the MMs, and news comes at 7am giving them an hour to adjust the price upon news before you get to buy. So if RRR release a game-changing RNS at 7am tomorrow, the price will already have up-ticked before you have the opportunity to take a position. For example. I agree that in a FTSE100 co you can just hold and let gradual accretion get you 5-10% per annum steady growth. I don't think your typical RRR investor is looking for that risk/reward profile. Maybe leave RRR to investors who actively want this RR profile and stick to shares that better suit you? Just 'cos it doesn't suit you doesn't mean it doesn't suit others ... just saying' ...
The magic mushroom fella is a complete numpty best ignored he is loose of a few screws. Value is building nicely here in real assets with near term production and growing whilst throwing off cash from previous investment Jupiter etc etc. Magic been on the mushrooms for many years it has caused many rambling posts on here that repeat and go on a bit. GLA genuine investors
Magic I don't think you should be investing in aim companies, you should be investing in ftse100 companies which I believe you are suited too. Fact of the matter is Jupiter has been buying back shares at 0.44c even if they are listed or sold privately this is the value we are using to value our share of the company which is 1.2% of aus$1bn. I have told you previously that steelmin have always had option to increase loan by another 8 months so it's not new. We will know for sure by Wed of they extend or pay up. Then we have news on cobalt deal and the kenyan gold contract..
His views aren’t based on speculation they are based in info in the last RNSs. You are the one whose speculating against the guidance given. Anyway don’t worry yourself. All could become clear at 7am tomorrow.
maestro your view is based on speculations, i.e that: 1. The Steelmin refinancing with Luxembourg will complete 2. That Steelmin will repay the loan rather than extend it for 8 months 3. That Jupiter will relist rather than be sold privately etc Experience tells me personally to wait until these things actually happen because if they do not, then no, it doesn't look cheap at all. It's important that we see if Steelmin do make it to production and if so, what those levels of production are, what the associated production costs are and thus what revenue is generated. Shoats Creek imo taught investors to ignore the lame ramps of shameless traders and to wait for concrete production figures. Steelmin is no different. Owning 22% or more of a company that is not producing isn't value. It's money locked into an illiquid asset. The situation is really simple imo. Wait to see if Steelmin do complete their finance deal and if they do repay the money to RRR Wait to see if Steelmin do reach production and if so wait for real production/revenue figures Wait to see if Jupiter do relist and if so what AB does with the JMS shares here I never believe the cherry picked rose-tinted scenarios painted by unscrupulous rampers. If things were as thye portray than the company would not have needed to request authority to issue up to 500m more shares here at the recent AGM, but unfortunately they did just that. You can't hide or bury that very significant action of the BOD.
Of Red Rocks asset in Bosnia. https://www.google.co.uk/maps/uv?hl=en&pb=!1s0x475e35900cbb36f5%3A0x16c3c67af820e82d!2m22!2m2!1i80!2i80!3m1!2i20!16m16!1b1!2m2!1m1!1e1!2m2!1m1!1e3!2m2!1m1!1e5!2m2!1m1!1e4!2m2!1m1!1e6!3m1!7e115!4shttps%3A%2F%2Fpicasaweb.google.com%2Flh%2Fsredir%3Funame%3D107942400854800377617%26id%3D6475773653328540018%26target%3DPHOTO!5ssteelmin%20jajce%20-%20Google%20Search&imagekey=!1e10!2sAF1QipONjGflTgnHCqkl4WRTvDk4sRw6tUv_wKIHh0Eq&sa=X&ved=0ahUKEwjVvqujnfPYAhXJKcAKHcq9Aj4QoioIggEwDg&viewerState=ga
Mr Magic does Noirua post answer your question, they will have cash to sign cobalt deal should it have decent resource, even without steemin loan... :-) Admit it current levels look cheap..