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It's all about risk/reward, should the loan be repaid and something positive about cobalt deal this will be certainly higher than current sp...
Just a paltry 12 trades today. Does this mean the markets aren't convinced about this Luxembourg Investment Vehicle? I guess they are doing the smart thing and waiting until end of this week to see if there's another RNS on the matter.
https://www.eurasianresources.lu/en/pages/bdp/metalkol-rtr-the-roan-tailings-reclamation-project
maestro - "read the agreement again, nothing sinister has happened, they can extend by another 8 months" I know they can, I've been highlighting the fact for weeks. No-one is suggesting there is anything sinister about it. It's one of the terms of the deal that they can extend the loan for 8 months. I personally think they may well do that. The issue for shareholders is that if they do extend, then RRR have to continue paying down their own loan with YA of which there is $2.8m outstanding and that would likely mean lots more confetti, CLNs, warrants etc. We only need to wait until this Thursday to find out where we are on that score. Either Steelmin refinance/repay in full or they don't. No point speculating, wait till Thursday imo.
Seingred. ...agreed m8 .... the bod have been utter****** .. if they were a horse you would have had them put down .. at .9595 I see value with potential incoming cash flows.... could go ***s up in which case I'll swallow the loss and walk away ... looking at bods previous wldnt be a surprise Bell should do deed poll and add end to his name.... that said 2-3 deals are interesting but previous "deals" are real head scratchers. Bell if you read these boards ... buy a NO button ... you've made some shocking YES decisions over the years you don't need to be loved ... just profitable.... I know of a guy runs 2 concessions in the drc both require lots of yellow goods.... what you are looking to pay is far ... far more than the usual carton of Marlborough and a word with the local chief .... bit to the govt etc..... potential company breaker .... if you renegotiate and grow a pair (walk away don't be a mug if it comes to it) such a massive continent sized country you will find something else out there
Magic read the agreement again, nothing sinister has happened, they can extend by another 8 months, https://www.**********.co.uk/rns/announcement/26102011/?source=twitter
maestro - " but look at the facts" lols, but you refuse to. You only trot out the cherry picked facts you want to. The facts are that Steelmin haven't repaid their loan. They may do, but right now they haven't. The facts are that while ever Steelmin haven't repaid their loan RRR has had to keep paying down their loan with YA and there have already been 3 tranches of CLNs with attached warrants to pay for that and there still remains $2.8m (�2m) to pay. The facts are that the last annual report put Admin and Exploration expenses at �686k So generally speaking �2.68m is needed plus any other project/running costs RRR is due to receive $783k (�553k) from the El Limon prom note in April RRR is due to receive �364k from the latest Jupiter buy-back in mid-March Seems everything hinges on whether Steelmin repay their loan in a timely fashion. If Steelmin DO refinance and repay the loan then great, that mitigates much of the risk. If Steelmin don't and/or extend the loan for another 8 months then imo it's confetti ahoy. How can one determine which is the most likely outcome? What other facts are out there to help? There are 3 bits of data. 1. RRR have requested authority to issue up to 500m more shares here 2. Production was expected in Jan 2018, now that's moved to March 2018 3. We've had an RNS suggesting Steelmin intend to refinance with a "Structuring and Placing Agreement" with a Luxembourg Investment Vehicle but which is subject to some rights of withdrawal by the lender In the end you pays yer money and your takes yer chance. Each to their own but I personally will wait to see whether Steelmin repay the loan rather than risk seeing more and more confetti. The RNS said the Steelmin refinance has a "target issuance date of end January 2018" so there's only 4 days to wait. If no favourable RNS appears by Thurs 1st Feb then I'd personally expect the markets to react negatively. All imo, DYOR.
The facts are,that the share price doent rise in tandem with the m cap for very obvious reasons .the share price has doubled while the m cap has risen 4 x.that is a long standing issue. I have heard many times what ab expects .generally it is not attained.like magic only completed tasks hold any water for me.just look over to rgm and their coal.rgm b was full of posters like pinhead and graphite.wheres the coal and the. Riches. It will be good to finally re coup some of the wasted millins from limon but a good portion will be drip fed over decades. I am not saying that there is no value here,just keep it real.
Seingred F the share consolidation, the dilution, but look at the facts. Current mkt cap is 4.75m, they have around £6.8m invested in Jupiter mines and also have loan being returned by steelmin. Bell has said they expect to make £1.8m and 21% in steelmin. Para resource are expected to pay us $750K plus interest on 1St April. That surely doubles the mkt cap, it's cheap...
it would be sensible to ask has the board of a company that has lost 99 per cent of its value taken ownership of its abject failure.nope ,calling holders stale bulls.leading holders to expect transformational news only to completely disapoint.magic probably holds no shares but has given good advice.you can only make an investment decision based on the information you are given.if you are given misleading information then it is the person who is responsible for the information that is at fault not the person who has been misled.read the rns for el limon and greenland.while holders waited and waited for news their holdings were devalued by constant dilutions.when the posting gets personal it is usually time to beware.often followed by confetti in my experience.
This board has a history of being taken over by ramp packs who leave when they have done their jobs.there are posters here that have gone gradually from ubber positive to completely cynical for obvious reasons.coffee cups ,a genuine investor will use caution when investing in a serial value destroying company.recovery plays are out there.thr is a recent one.maybe rrrwill turn a corner .it is wise to look on an investment in rrr as a punt and post as such.as you can see there are for sure some dodgy posters trying to paint an altogether different picture.there have been dozens of them,quite likely like city fan coming in various guises.Daniel sklan was a significant hnw investor here (not a fool) but has been diluted out of sight like many others.good luck,I have some bought in the .sixties and a small amount from years ago ,so hope for a thr type recovery ,but experience tells me to not expect too much.good luck
I know a few who are planning to invest this week coming, what nonsense are you on about..
Maestro...we can all get our rulers out ... whether inches or metric ... if we dip out or stay in for the long haul .. .no need to type nonsense like on this board. .
Coffee cup this is my entry point, I think slot of new punters will be joining tomorrow...
Please
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 ££!!