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Torp/magic What would you do if bell retires? It seems you only post on all companies he has an interest. When we invest im aim market we all know the risks. You got emotional should have kept your money in isa.
I think you are the paid deramper, last 5 years posting daily need some closure mate. I haven't been ramping this for 5 years.
Omg torp you are on 2 boards simultaneously. Unbelievable!!! It was only 20k you lost 5 years ago.
Maestro: "We own 22% of steelmin and we dont need to bail them out, a buyer will come in to the newly refurbished plant,"
You're talking utter Billy BS. The plant has just announced the disastrous situation that it can't operate at a profit because of high electricty prices. It desperately needs to set up a long term contract with an energy company but meanwhile Steelmin is a total bust, the latest in a long line of RRR damp squib ventures imo.
Why would anyone consider buying a plant that can't operate at a profit?
Not only that but Steelmin borrowed EUR 3.8m from RRR which they subsequently refinanced with a "Luxembourg Investment Vehicle" and a further EUR 3m from another group of lenders. That all needs paying back.
So, massive debts, unable to operate at a profit, and you think someone will buy it out?! You're a total joker.
It will end up in AB's oubliette along with Greenland and Ivory Coast and Shoats Creek.
Your paid ramping is a joke.
Maestro: "the numbers for investors look very appealing, mkt cap is only 3.3m yet they have money in the bank and receive £1m in divis from jupiter per annum."
Like I said, no one is going to fall for your carefully cherry picked nonsense here any more.
Why is it you make no mention of current liabilities in that set of "appealing numbers" Maestro ?
As at end Dec 2017 the liabilities were a whopping £5.3m as stated in the financial report.
The remainder of the back to back Steelmin financing has been paid off since which accounts for roughly £2.2m. So what's happened to the rest of those liabilities? What about the £1m of CLNs that were set up last year and which run to Dec this year?
As for the Jupiter divi how can anyone get excited about it while ever the company keeps expending equiv of £600K per year on bloody Admin and other expenses?
Your ramps are entirely hollow and the SP is where it is because markets know the score here imo.
"TW is fully aware but ignores it as Bell has a stand at TW's UK PumpAndDump show. I contacted TW a long while back and pointed out the hypocrisy. His reply was that Bell was his mate "
...............
Although i'm not subscribed apparently TW did a podcast the other week and he said he will not personally attack any his friends in articles. So the like of Bell or PCGE's Richard Poulden he won't attack.
Also if you notice, TW will often praise Riverfort capital. Most PIs think Riverfort are just like YA but TW praises them. The reason is that his friend Brian Kinane is it's CEO and founder.
TW tipped Curzon energy and even just lately he said he still believes in them. Of course Brian Kinane is a director at Curzon and Andrew Bell's RGM invested £575,000 in Curzon. When Curzon listed a year ago most of RGM's Curzon shares cost 10p but today they are worth around 3p a share.
Curzon fell today by 26.14%. So another lousy investment by Andrew Bell.
Magic
We own 22% of steelmin and we dont need to bail them out, a buyer will come in to the newly refurbished plant, we will receive c.22% after cost.
rose was recently 2.25p and it went as high as 3.8p since then. Easy money...
That was cheap.
No matter what you think of Bell, the numbers for investors look very appealing, mkt cap is only 3.3m yet they have money in the bank and receive £1m in divis from jupiter per annum.
WE own shares in Jupiter which are worth the same as our mkt cap, you would be a fool not to buy in at current level.
Dont know which school you went but the numbers are in the favour of investors who purchase at this level.
Probably best to get back to ramping CHAR and ROSE Maestro. No one is going to fall for your ramping nonsense here imo. SP here is only going one way imo now that Steelmin have announced that they can't operate at a profit and now that Shoats Creek has gone all quiet. It just can't be polished any further, too many people too wise now. Even one of the major holders has started dumping:
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/holding-s--in-company/201809281226483649C/
magic
while you cry you lost of 5 years other make decent profit on this stock, this will be close to 0.9p very soon again.
He seems to go all over the place but never delivers value to shareholders. How does he sleep at night?
Maestro: "Steelmin cost us nothing"
Poster Helpful said the same thing. I'm not sure how true it is because those that make the claim tend to ignore a key part of the financing. I'm happy to be convinced otherwise if someone wants to present the numbers.
I see a couple of the regular ramping company apologists have suddenly appeared. This imo usually heralds a pump and dump attempt. They clearly want to shift some shares imo.
AB is today in DRC. And then on to USA next Monday.......<br />.<br /> On Tuesday he tweeted................. <br />" I go to Jupiter mtg at 2.30 tomorrow. I fly to DRC at 9 pm tomorrow, arriving 1310 Thursday. I meet CEO of Gecamines that afternoon. Next day I either go with geos to Office of GEODIR Gecamines at Likasi, or save myself for the debrief and do other stuff. On Sat I fly back arr 0700 Sunday. On Mon I fly to Charlotte NC via NY driving on next morning to coal mine in VA. Then I arrive back in time for my sister's induction as a lay reader on the Sat before going on hol to Croatia on the Sun"
Quick profit for some buying at current levels.
Steelmin cost us nothing, when they sell it on we will make some profit on that, our shares in jupiter are £3.3m, we get £1m divi from jupiter, and we have around £3m in the bank.
The company is ridiculously cheap now, mkt cap only 3.3m. Anyone buying at current levels will make guaranteed profit.
IMHO
TW is fully aware but ignores it as Bell has a stand at TW's UK PumpAndDump show. I contacted TW a long while back and pointed out the hypocrisy. His reply was that Bell was his mate with the implication that there were other fish in the sea to fry. Bell had better pray he doesn't fall out with TW as there must be shedloads of ammo in TW's cupboard. You only have to look at his 49 rules for bargepoling a company. I would add a 50th which MrM alluded to. "Companies that use hearsay in their RNS rather than taking direct responsibility".
ColinH100: My losses are even bigger than yours. I keep hanging on.
RRR's own Jupiter shares are now worth more than current Market Cap.
And I remember RRR selling ca. 40milion Jupiter shares at a measly 7c. to clear a £2m loan from Global Now worth over 6x as much. .
That'll bring home the bacon.
I did receive Jupiter shares as a result of my RRR investment. The Jupiter shares are valued at £990, my losses in RRR are 20 times that. Thankyou Mr Bell.
Seems to change inn rrr.one failed project after another and he still gets paid what is a fortune for an incompetent.still his beloved brexit will offer more opportunities to invest in more mad cap investments in all manner of far flung climes.maldives could be a good area for a jolly.
I bet there will be more defenders appearing soon ,bigging it up when the next big dream materialises.amazing tw hasnt caught on to this guy lol.
I have read that report and boy, it is hard not to imagine a similar local scenario explaining (or not, as the case may be) the waterfall charts for this and RGM.
made an interesting tweet the other day. He tweeted:
"Every wondered what skeletons you might find if you booted out a long-serving spivy AIM CEO and got control of the books?
If you read nothing else today, I recommend the Chairman's statement from Origo Partners. A total hoot. "
https://www.investegate.co.uk/origo-partners- https://twitter.com/DkOkenia/status/1045582369078616064
..............
I don't agree with Okenia on everything but in regards to your first paragraph question Okenia "yes i have often wondered that".
Maggie you should contact the RRR chairman. It could be Mr Bell's next big investment for RRR.
Good luck.
Oh dear. I give it an hour before this is gone.