Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nike180
I will provide the courtesy of a reply since you addressed it to me. As usual, I am reading Aussie news now. However, back to Greenland graphite. Yes, I know which project you mean. The co's mkt cap is around the £3.79m mark. As for the well known Kvanjfeld REE, it was once a A$100m+ co but now it has fallen to $50m and they dont use the old co name ie Greenland Minerals anymore. They changed the name. The govt had a moratorium on uranium and therefore, it affected Kvanjfeld. So, yes, the only news coming out of Greenland at the momo is the graphite story but its appears that is about the only thing going at the momo. My mention of Greenland relates to RRR - iron ore in Greenland is no longer the hot topic as in the day. Nothing about iron ore in Greenland anymore, bet it RRR or otherwise, so no money certainly.
As for A.Bell, yes, he was in Morgan Glenfield. As I said, RRR is run like a portfolio. Its fine when it is under a fund but once it is co listed, then the constant money needed is not ideal. In the old days yes, it could be done when capital markets were more liquid but now, the situation has changed. Hopefully, as gold gains more attention, maybe the capital restrictions will loosen but one waits to see. Copper is also red hot. Off now. Have a good weekend all. Hopefully, you can bring some ...to this board as you sound like a regular person ie a sense of balance.
News, regarding Greenland I was thinking principally of graphite, though am aware of a couple of other bits and pieces. I am regarding that the technology of searching has improved and guessing the technology to extract has improved though appreciate those aren't the only ingredients when deciding and assessing what to extract, what not to.
Appreciate this is late but thought it would be too out of sequence tomorrow and expect I will sleep in.
--------------------SHAREHOLDERS OF RRR--------------
want RRR to do well. Maidit38 and myself etc. But the others who are NOT shareholders dont want RRR to do well and as they said, they are disgruntled per Banburyboy.
If Banburyboy is indeed an Accountant [Chartered] at KPMG, they tend to earn very big salaries especially if they are not 18 - 23. An auditor per the Daily Mail said one auditor's salary is £900,000 per year. So, how Banburyboy could have lost is beyond me? Why? Paul is a Chartered Accountant but he has learnt geology etc. So, the salaries are very high and losing £3-5k will not break the bank on £900,000 a year salary plus perks. Banburyboy said he is long in the tooth so not a junior 18-23 year old starting out. Dont know what is happening.
However, the more posting one way negative , as Maidit308 said, in life, it is not positive and everyone knows this principle of life. So, it is not about RRR but about the disgruntled attitude and the ...of wanting to find an outlet etc.
But we, on the other hand want RRR to do well.
LoL - two opposing forces. Hopefully, Helpful having done Finance could be of some ear help here to make sure that
Mr Black etc, the big holders will be able to get the Musoni international litigation money. To me, it would have been easy for Big Major to pay RRR some £60-80m upfront to get the licence after the JORC. Cheaper that way than to buy at US$430m from the state miner plus the US$20m the state miner was supposed to have paid VUP, the JV partner.
Everyone would have been happy at the reasonable price. But that was not to be and here we, holders and RRR are at currently. Let us hope RRR will get the DRAFT AWARD SIGNED.
Will patience win the day? It might and without the funders, there is no day after today, as it is with ALL AIM EXPLORERS.
DYOR. NIA. THAT'S ALL ON THIS TOPIC OF RRR. Fri, 19.4.24 @10,10pm.
Contd: was NOT the one. But it was the 2nd LICENCE THEY BOUGHT AT HAVIERON. The dampers said, huh, Newcrest drilled some x holes and NONE of them were that much good. As usual, they said, if it were any good, would Newcrest have given the licence up? What most dont know is that major discoveries were cast offs off the majors. 1 example is the legendary Voisey Bay. Coming back to Havieron -majors tend to drill a few holes and discard etc. One Exploration Geo on Hotcopper Australia said that spacing is usually wide initially and starting from the WRONG POSITION can MISS it. That is what happened and GGP HIT the big intersection with very good gold grade plus copper and the rest is history.
I will come to another study I did. I look at the folks who have made it , say Paul and I see some similarities. I cannot say if Paul will make it big again ie the big one given he may have lost the same hunger needed. Once a person has made some money, they tend not to be as hungry to find the big one ,hence I am watching Paul's few tweets. But Paul may have missed KILMORE.? I dont know yet. So, I think if one needs to make back the money lost, it is best to come to terms with the loss and take it from there. As Helpful said, let us hope x or y finds peace and start from there.
Nike: It was so long ago and when I do the research, it is late at night and I am almost falling asleep. So on Greenland, I have gone through the Greenland Mining register and I recall vaguely that the only project is the REE one that was the talk then. Ah, I also found out, that REE in Greenland can have contamination and that will be of no use. But that got no where yet as the govt is hot and cold depending on the new people who are anti-mining and then lukewarm. Hence, Greenland is not the most ideal these days - Jay is a case in point but they are trying to revive that.
I learnt that metallurgy is also important which I never gave much thought to. I will give 1 example of how 1 chap bought into Twiggy's co and it turned out the metallurgy was no good. The shares fell like a stone when the report came out and virtually turned into ...overnight. Hence, reports can make or break juniors. Anyhow, this chap BOUGHT MORE of these penny stock!!! Twiggy then decided to get the Chinese in as no one listened to him given he can talk. I watched the video done by himself of how he made it and it was a documentary type short video. I checked the details. This investor made it very big. The co became Fortescue, into double digit billions. In the UK, nothing like that has ever happened ie small mkt cap going into double digit billions mkt cap. So, I leave you with some positive thoughts given the mkt is closed on Fri, at 9.50pm and no one is in. Maybe, some positive thoughts will help going forward with whatever one wishes to do in stocks as a general bit of convo. In my case, I find its is that of many people's experience. I tend to look before I jump per what one learns at school. DY
I will provide some insight into my experience:
[1] I search a lot of stocks on AIM to see which can be the next big project ie preferably Tier 1. A lot of Tier 1's can become problematic in the later stages because capex is high ie into $bns. So, according to the Life Cycle of a Junior Miner or Lassonde Cure, it is the DISCOVERY stage that could provide the text book uplift.
[2] Many will tell of the experience that it only happens once or twice in one's lifetime. Any examples? Yes, Paul Johnson. \He hit on RRR during the 2010 period of the gold boom and RRR boom going from 0.25p to 23p which he has now tweeted himself in very recent days. He was also rather successful in Tiger Metals but the next big hit was GGP. Paul & Bell, latter of RRR Chairman did restructuring of a shell and Paul bought in at 0.10p. Paul has a rule that he will only go to the max 9x as a target ideal. So, he SOLD GGP but it went on to nearly 39-40p and Paul missed the chance of a life-time. One Sunday Times Rich Lister took a 6% stake in GGP at the 1.3p range. He said he was looking for 10p. It did hit 10p but whether he sold at this target or earlier, he did not say. However, this is a No 489 lister and during the downturn, he lost a lot of money in commercial property. He is a household name and he shares the SAME background as Paul's dad. I think GGP saved him. No one understood the results of the 1st 5 holes at Havieron [history now] but it was easy as Havieron is close to Telfer. It is easy to look it up but one has to search pretty hard for the technical report of Telfer as one is looking at first results which was yonks ago.
To prove the point, this former Sunday Times Rich Lister did not hit again big as I he said he went on to Tullow Oil which was past the discovery days. Paul also has NOT hit the big one yet from what I can see thus far, and proves that it is NOT something that happens everyday.
Me, I work hard to go through tons of data and juniors to read results and I dont have a whole dept of researchers so I have to do the work myself. Hence, why I make a lot of typos as my eyes are tired from looking at junior 's results. How to find a junior that has a small mkt cap with a potential of 10x. These days, even 1x is difficult as it is not yet a commodity boom day/s.
There is something that working hard may not achieve. It is to do with one's life and that is why as Maidit308 said, it is not going to help if one is.....I dont think I need to spell it out. Will Paul find the next big HIT? I dont know. Why? Paul has learnt a lot from his days on stock forums and it was said he knows who to listen to. Listen as in? Given some good commentary to cut to the chase I suppose. Paul knows quite a lot about geology etc now but to hit big takes MORE than just knowledge. That is personal to one's life and it helps if one is not ...all the time. One has to ask how Paul fell into GGP to restructure? One has to ask how BLACKHILLS, the first licence was not t
So we touched $2,401 earlier. $2,400 is a bit of a resistance again
DYOR