Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Irick4g No I am basing the current assets certainly have value over £4.67m. Our shares in Australian company are worth more than that...
The next announcement that looks likely to arrive in the coming week is the re-payment of the loan to Steelmin. RRR say they will be GBP1.8m in pocket on the event plus a 21% stake in Steelmin. That rises to 22% if payment arrives after 31st January 2018. Not later than 1st April 2018 Para Resources are due to repay USD750K plus interest and gold royalties. Red Rock are expected to receive GBP364K on the share buyback by Jupiter Mines. Red Rock are expected to receive about GBP1,460,000 on the 25% share sale on the IPO of Jupiter Mines in April 2018. Based on the buyback price of AUD0.44 -- Based on a price of AUD0.44 RRR's remaining JMS shareholding will be worth GBP4,380,000
https://www.eurasianresources.lu/en/pages/bdp/metalkol-rtr-the-roan-tailings-reclamation-project
http://business.financialpost.com/commodities/ghost-town-of-cobalt-gets-first-jolt-from-teslas-electric-cars So much to look forward to here soon. Don’t look back in anger.
Graphite - "there maybe a bit of money coming in next week" It's the fact that you have to use terms like "may be" that make this such a weak argument. The RNS you refer to has similar worrying language and conditional elements such as : "Steelmin intends to repay" rather than "Steelmin will repay" "a new Steelmin note to be placed with investing funds on a best efforts basis" "the Agreement, which is subject to some rights of withdrawal by the lender" Not really the kind of concrete terminology one would hope for imo. I maintain my prediction. Steelmin will imo, elect to extend the financing for another 8 months and kick the can down the road.
Magic, I am off out for a tad, rather than post here to the negative for a while try reading this link and follow the guidance on grieving a financial loss; http://thebounceblog.com/articles/bouncing-back-from-financial-grief-and-loss/
Magic perhaps a tad silly but maybe if you had read the RNSs there maybe a bit of money coming in next week, ever thought if that happens they may just use some of that? I know crazy to think that may happen and completely off the wall thinking but you know better don't you sweetie.
Didn't you say similar things about Shoats Creek Helpful? How much cash invested there and yet little to nothing being produced and now Mayan are very keen to exit the field altogether. How much cash piled into Greenland and yet nothing has come of it. Sitting their unsold. How much cash piled into . . . Kenya, Ivory Coast, Cloud Computing, Candy Sweets, Elephant Oil etc etc and here the rampsters are again saying .. "No really this one is the big one Reggie, this time it really could be milk and honey, we'll be millionaires" lol Still no-one has answered the fundamental question. Where would RRR get the $700,000 cash from and the $1.2m for exploration expenditure plus the regular burn on admin/exploration expenses of �686k??
If the metal is in place as indicated and we get the production license then DRC is a cheap deal. The value of the recoverable metal is huge.
Looks a superb deal given the move in cobalt prices. 'So, tons of cash needed to be stumped up by RRR and a shed load of dilution shares to be issued at 0.65p, a nice kick in the teeth for existing holders imo. Where would RRR get the cash for this deal?' Tons of cash for a world class cobalt deal? Try those links I posted last night fellas they will help. Guess you lot will be on post overdrive today in the hope of stopping any positive talk?
zumore - " seems i've wrongly been reading the 26th September DRC RNS" The RNS couldn't be clearer zumore. There are 3 clearly separate bullet points highlighting the cost of the deal: o Cash payment of $700,000 o �490,000 payable in RRR shares ("Shares") at 0.65 pence a share, with attached 5 for 3 three year warrants to subscribe for new Shares at 1p ("Warrants") o Commitment by RRR to fund $1.2m of exploration expenditure over 18 months to produce a bankable feasibility study ("BFS") on Kamirombe, and thereafter pro rata. So, tons of cash needed to be stumped up by RRR and a shed load of dilution shares to be issued at 0.65p, a nice kick in the teeth for existing holders imo. Where would RRR get the cash for this deal?
Did you buy this share for dividends you thick chump? You never know you may get some this year, I would prefer a share back with excess cash though.
Could one of the newbies or dyed in the wool rampers answwr what dividends the Co has paid to shareholders please over the last 10 years.? Having raised about �18m over the years through placings then i wonder where all the money has gone to and with the same man in charge? Looking forward one day to Tom Winnifriths memoirs being published and that may imho explain the 'love in' between him and AB. Seems a strange friendship and never a bad article published about RRR investments.
It seems i've wrongly been reading the 26th September DRC RNS because i had always thought the $700,000 cash payment and the �490,000 placing at 0.65p a share were the same payment because $700,000 converts into around �490,000. Looking back at this thread it seems many think that RRR would initially have to pay the DRC seller �490,000 (in 0.65p placing shares) and also another $700,000 in cash.
RRR can probably do DRC without the Steelmin loan being repaid but would need to bring in a farm in partner. Secondly, deals can be renegotiated. Ideally, the Steelmin deal gets repaid. RRR has a charge over the assets of Steelmin: so RRR and RRR's solicitors will be involved in the Steelmin paperwork re the refinancing. RRR will have also seen the offer terms for the refinance. AB will have a pretty good idea whether it is going to happen or not. Fingers crossed, it happened on Friday and we get to know Monday/Tuesday: solicitors like Fridays for completing these types of deals DYOR
Hi maestro1 I hope you're not basing your investment strategy on: "this was 10p+, now it's slightly less than 1p and there is value here.." You've overlooked a 25:1 consolidation and it was up in the 15-20p range for a period 375p+ to now slightly less than 1p - paints a very different story perhaps there is value in the companies assets but you've got to wondering if the management than oversaw 375p-1p are the right management to realise this value
Coffee, magic doesn't hold shares in this stock he is being bitter...
I've recently caught onto this stock, on paper it looks undervalued, Magic has ulterior motive as he has lost money when this was 10p+, now it's slightly less than 1p and there is value here.. IMHO.
Magic. . As I said I'm newly acquainted to rrr I've been in stocks where ive been underwater so not aligned to the sentiment shown by graphic. Hope this is a recovery play for us all.
Whatever you wish to call yourselves try this link; https://www.investopedia.com/articles/financial-theory/12/psychological-coping-strategies.asp
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.