Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Those links can be used for you all, don't just feel I have directed them to Magic, they would do you all good.
Maybe get some of these books or enrol on the courses. They would be of great help; http://thebounceblog.com/resources-2/
Again this may help you; Embarrassment: It�s one thing to tell someone that your mother died, but a completely different thing to share that you lost your money in a Ponzi scheme (adjustable-rate mortgage, Lehman Brothers collapse, job loss, or any other issue related to recession.) We don�t usually chat with our neighbors and peripheral friends about issues related to money; it�s just not one of our cultural norms. Loss of identity: You used to be Software Engineer Who Owns A House And Has Enough In the Bank To Put My Kids Through College and now you are Unemployed Dad Who Lost My House Due To Foreclosure And Had To Move The Family In With My Folks. Maybe your situation isn�t that drastic, but you get the idea. You identify with your work and your social status, among other things, and so you might be unsure of who you are right now. Feelings of betrayal: Dealing with a loss is difficult enough without the added emotional fallout from feeling betrayed by banks, mortgage lenders, the government, Bernie Madoff, and Wall Street in general. Now you are not only dealing with grief, but anger and resentment as well. In addition, the anger and resentment may be at a spouse, friend, or relative who gave you bad financial advice. Denying the magnitude of the loss: It is very easy to think, �I shouldn�t be feeling this bad. It�s not like someone has died.� You devalue your own feelings because it�s �not as bad� as something else.
1. Acceptance Accept the fact that this loss has really happened to you. Denial is a strong and protective mechanism. It helps to numb you against pain until you�re ready to deal with it. Sometimes you need to consciously make the move out of denial, though, and work toward acceptance. If you find yourself thinking, �Once the stock market comes back, everything will be fine� or �Even though this new job pays half of what I made before, we can still live the same way we did before,� you are still in denial. It�s time to intentionally assess your situation and accept its reality.
Genuinely I am trying to help here. http://thebounceblog.com/articles/bouncing-back-from-financial-grief-and-loss/
" if the loan is repaid on Wednesday then the sp should increase" Not convinced of that TBH. It would be nice for sure to have the loans balance out but it would leave RRR with a % of Steelmin who, as yet, are not producing. The key to this entire thing is what level of production they achieve. LTHs will be all too mindful of the shameless ramping that went on with the Shoats Creek saga. Lots of tasty sound bites and rampy test figures but the reality was pretty awful. We will now have to wait until March to find out if Steelmin do get to production, and even then I predict it will be months later before we get any concrete production figures. Rampsters will play on speculation as they always do. Savvy PIs know to wait for the actuals imo.
The more I post the more desperate I come across? Dear me. That's from someone who sold at a massive loss last year. I have a financial interest here you do not. I can see this being 4-6p in h1 this year. What's your reason for posting? All you are trying to do is to justify your loss that you still grieve. Its gone magic, long gone, you ****ed it all away trading this at the wrong point. Such a shame.....
The more I post the more desperate I come across? Dear me. That's from someone who sold at a massive loss last year. I have a financial interest here you do not. I can see this being 4-6p in h1 this year. What's your reason for posting? All you are trying to do is to justify your loss that you still grieve. Its gone magic, long gone, you ****ed it all away trading this at the wrong point. Such a shame.....
Magic ... if the loan is repaid on Wednesday then the sp should increase and the drc deal is not such a risk ... small steps ... let's get to Wednesday .... if they extend their loan to y.e then for me that's a no to the drc deal as over gearing and confetti. Bell might get lucky ... it would be about time....
Don't need to. Just need to ask, where would RRR get the money from for such a venture? $700,000 in cash needed, then $1.2m commitment of exploration expenditure over 18 mths plus of course that dilution, lots of shares at 0.65p. RRR owes $2.8m on the YA loan and needs �686k each year just for Admin and Exploration expenses. Where's all this money going to materialise from? LTHs know all too well imo. Prob best for you to quit trying to convince people here. The more you post the more desperate you come across. You're clearly not in the least bit confident if you're having to man the boards 24x7. Same with all the rampsters. If they truly believed they would sit back and wait for the good times to roll. Funny how they never do sit back. lol
Yup it might be great... drc is changing what it wants from outsiders..it's good for cobalt and copper... massive country ...as I said Jupiter and steelmin would be enough for me....
Do you realise the size of that cobalt deposit? DYOR and look at similar cobalt projects and the mcaps the companies behind such hold....
Magic. Do agree that Bell only seems to have had a yes button for deals in the past I don't like the drc deal and hope he shuts his case and walks away.... or at least renegotiate under threat of walking away....
You just don't get it do you? So thick and bitter it is laughable. Up the meds my friend. RRR is going to have it's time in the sun and I hope you stay around to witness it.....
"dont forget by 31st jan we are also due decision on cobalt deal" Why would any sane shareholder want this project to go ahead when it would bring dilution? "�490,000 payable in RRR shares at 0.65 pence a share, with attached 5 for 3 three year warrants" I make that about 75m shares that would be issued at that discount price of 0.65p. What would that do to the SP here?? Not forgetting that RRR would also need to make a cash payment of $700,000 to boot (�494k) !!
dont forget by 31st jan we are also due decision on cobalt deal "Further to the announcements of 26(th) September 2017 and 3 November 2017, the due diligence period on four or five copper/cobalt tailings near Kolwezi in the Democratic Republic of Congo has been further extended until 31 January 2018."
Nursey get me my meds, those naughty rampers are clearly pointing out that at sub �5m mcao with the assets RRR own it is grossly under valued. I keep pointing out previous failings and historic share issues yet these naughty folk keep stating actual facts about what they have against the market cap. Please tell them to stop it or up my meds. I will post all night you know..... Regards Magic.
"You cannot have it both ways." Not a case of having it both ways I'm afraid. Said before and will say it again, in 2013,2014 and 2015 RRR raised over �9m via various share issues. I'm still waiting for any of the shameless rampsters to highlight what shareholder value that �9m generated. What streams of mega income have been established with it?? Nada, zip, nowt. Can't even be bothered to tot up monies raised in 2016 and 2017 but the point stands. What value is added to shareholders from cash coming into the company coffers? Millions put into El Limon, little to no return Millions put into Greenland, little to no return Etc etc Ivory Coast, Candy Sweets, Cloud Computing, DBar Oil, Elephant Oil . . . It is what it is. The markets imo don't assign a sum of the parts MCAP here because they have seen years of available monies provide little shareholder value. RRR needs to, and has always needed to, establish good strong repeating income streams. It's lucky to have Jupiter throwing off cash at this time though of course much of that is countered by the �686k of Admin and Exploration expenses. But by all means do keep trying to polish the proverbial.
And those warrants if exercised average above todays share price and would bring in �2.68m in cash which of course would not be represented in the market cap. You cannot have it both ways.
Yup it's a confetti machine .. but news is due ... .
Since so many warrants are issued these days with placings and CLNs it's worth keeping track of how many are out there waiting to be turned into shares imo. Full list can be viewed here: https://www.rrrplc.com/investors/shareholder-information/overview/ Options ====== 13,320,000 exercisable at 0.45 pence - expires 28.01.2022 29,000,000 exercisable at 0.80 pence - expires 12.01.2023 Warrants ======= 8,333,333 exercisable at 0.90 pence - expires 03.09.2018 21,315,971 exercisable at 0.66 pence - expires 28.04.2018 97,023,801 exercisable at 0.84 pence - expires 13.11.2018 75,000,000 exercisable at 0.80 pence - expires 22.08.2018 20,000,000 exercisable at 2.20 pence - expires 20.06.2019 30,937,500 exercisable at 1.40 pence - expires 30.04.2019 7,812,500 exercisable at 1.60 pence - expires 20.12.2019 Those warrants alone total some 260m There are 499m shares currently in issue plus RRR now have authority to issue up to 500m more.
I bought in on the strength ( or weakness yet to be revealed) of Jupiter and steelmin ... wrote off everything else.....
Cheers m8 ... worst way i see this is they have to refinance the steelmin loan till yr end. Bell has paid to increase his holding I got in at 0.959 so there or thereabouts .. not sure about drc.... bag or two would be nice ...😃
Just laughable Graphite and way to go to bury posts you don't like pages back. I shall say again therefore: 1. Steelmin is NOT producing at this point and owes Euro 6.8m to RRR and other funders. Thus far it has failed to repay its debt to RRR and as a result RRR has had to start repaying its own $4.4m loan with YA and has already done 3 tranches of CLNs with warrants to fund that. A significant $2.8m is still outstanding. RRR previously stated production was expected Jan 2018, they are now saying March 2018. 2. Shoats Creek has been an utter damp squib, our partner operator Mayan Energy now wants to exit the field. Mayan CEO Eddie Gonzalez said (RNS 21 July): "I believe the Company should consider a move decisively towards an exit from this field, due to the capital intensive nature of Shoats Creek" 3. El Limon royalties have been pitiful. One can only laugh at your statements "Earned in 2018", "Earned in 2019" ! These are forward looking forecasts, hopes and dreams not actuals. Last reported ACTUAL by RRR was just over $5k per quarter afaik. Correct me if you disagree. Meaningless amounts. 4. Greenland . . . laughable. It failed to be sold to the mystery oligarch with funds tied up in Cypriot banks lol 5. Cobalt isn't even a project at this point. Calling it an asset is ridiculous. If RRR choose to go ahead then as previously stated it will require: - a cash payment of $700,000 - �490,000 payable in RRR shares at 0.65 pence a share, with attached 5 for 3 three year warrants - commitment by RRR to fund $1.2m of exploration expenditure over 18 months. That's dilution and a lot of cash required. Where will such cash come from?? 6. Ivory Coast has gone nowhere in years. Got to feel for Daniel Sklan who struck a deal with RRR for IC production. I'm sure he'd have some words to say on that "project". and so on and so forth . . . The only decent asset here imo is the Jupiter holding and the RRR MCAP is essentially the value . . .or perceived value of that holding. The Mt Ida royalty is useless to us as Jupiter long since mothballed the Mt Ida project for various reasons inc the price of iron ore. The iron ore price was $100-$120 when they mothballed the project so until/unless the iron ore price recovers to at least that, it's reasonable to assume Mt Ida is going nowhere imo. Essentially, like all rampsters before you, you are simply keen to entice people to invest on the back of hopes and dreams and future speculations rather than on concrete actuals. You presumably have warrants here which you'd like to be able to cash. And once again, you neglect to highlight that RRR requested and was granted authority to issue up to 500m more shares here at the recent AGM. Utterly shameful of you.
Good man, all being well 4-6p this year and who knows what if they pull off the cobalt deal.