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Forgot to mention. BEFORE I LANDED ON RRR upon the RRR DRC RNS recently, the Chief Resident was pretty successfully with another to get folks to such a boiling point that one chap said he is surprised that ...Bell. Thankfully, this has now calmed down as one see the bigger picture and wider issues, not just at RRR.
I was taught at school that who calls for ooolution are those who want to become THE HEAD. So , yesterday and today, I have been told this and that but now the Chief Resident has given up as I am UNCOVERTABLE. One can only do that in certain societies but not in Britain. It is far too advanced in thinking. But some one can find the odd one or two who would listen and hence why blogs use the same psychology for click bait. ie tap emotion.
Now, it is about Africa. But then, again, DRC I found out from one of the articles yesterday, it has $24 trillion of minerals and it is NO 1 in copper but some article say No 2 in the world. So, like it or not, copper is NOT COMING from Tier 1 jurisdictions but rather Africa and so forth. So, buying into majors is just also buying into Africa indirectly eg Barrick in Faso some time ago and even now in x, y, z in Africa but they are slowly moving to Tier 1 jurisdictions. For Tier 1 jurisdictions, there again, PERMITTING is very difficult with activists and many deposits are stuck. Eg Dynasty the No potential deposit ie low grade, high tonnage @Pebble, Alaska. No one would allow it due to the salmon.
As for FASO, yes, there is a military gov. but there again, going to a better place would mean more money for licences , drilling which is costly. RRR needs quick CASH FLOW so the easiest is to go, like MAKO for ARTISANAL MINING. That way, it is much higher grade. Artisanal mining does NOT WORK on EXTRA LOW GRADE. That is why the risk is not HIGH for RRR except for the initial equipment and IF Mahendren has the contacts, they can hopefully get out as well. Hence, why I said at worst, what is the situ. Worse, RRR gets out with the equipment courtesy of Mahendren.
All simple but not for the Chief Resident. Why, if what he says is correct 100%, then ALL MAJORS WILL HAVE TO CLOSE SHOP and run out of Africa entirely. Is that so? No for now anyway. So, these semantics is only good for those who dont know the ENTIRETY of the the space. Since Helpful cant be now subject to ..........um um or Bell, um um, it moves to FASO AND DRC is no good for mining. Never seen this on any forum. Hence, why I said, it will become a full-time job just to
become community notes to the Chief Resident. Sun, 21.4.24.
Fair call out Nike. Horrendous is a strong word.
DRC Zimbabwe and FASO are not easy.
RRR has found out allready on the first two and as I posted earlier probably have import issues on the flying in of the wash plant.
Definitely two sides to a debate as you say.
News - whether intended or otherwise I took holes as a joke, seeing the funny side - never read holds!
Banburyboy - sticking to yhe mining sector, there are mining companies and including royalties that are doing fine in Africa. Unfair to denigrate the whole continent and doing so is not decisive as part of a negative context of your criticism of RRR or a consistent poster / supporter.
That said, I remain agnostic with a natural appreciation for positive posters. Always good to consider both sides of a debate...
Error: Choose, not chose. Holes, not hold.
LoL Helpful. ARBITRAGE between Shanghai & London markets in gold. I was reading last night, about surface area. The smaller the area, the less chance of tungsten in it LoL. This was from one of the experts. The young in China are pretty savy in buying gold beads. I have seen pictures of them in nice glass containers. It is cheaper and less expensive as no workmanship is required. It is akin to a piggy bank one is used to as kids. However, their govs have told them to buy silver. Guess it is more affordable. All very bulky and cumbersome. Any wonder why the recent case of gold in machinery?
HELPFUL:
Ah, that is music to my ears: "I GO FOR MIS-PRICING" of assets to share price as well. But mis-pricing is harder on big stocks as it is a more "efficient" market with so many analysts covering the big stocks. But I find it safer to chose stocks that are potentially with Tier 1 assets or close to closing in on a Tier 1 deposit. That is how I landed at RRR LoL. However, I have HEAVILY QUALIFIED when asked by AimDogs: That I consider it to be OPTION MONEY so that no one can blame me and I am sure you understand.
Everyone is busy watching drills at the momo for potential Tier 1 but they are not on the UK market unfortunately.
They were once 0.05c Canadian, now on Fri, 80c Canadian with the drilling starting shortly. But the initial Hole 5 was pretty good ie long intersection, good grade and in a Tier 1 jurisdiction. Only downside, price. John Cronford said that penny stocks can rise to the fabled stock and this is the case in point. However, in reading consensus, IF, the next set of drills dont turn up as good, then, of course, accordingly. So, the point of bottom fishing is pretty intact if one is able to get data from inception. Hence, I like penny stocks if they are on to a potential Tier 1 and easier if they have done modelling.
MAIDIT308 - Yes, got to take a rest -does get tiring if it has been repeated for 3 years on this forum the same ole thing about RRR etc. Hence, lots of holds and proven so -RRR is still here. LoL.
Well if you can buy physical gold at $2,350 in London/New York and sell at $2,450 in Shanghai there is a trade. Maybe they want the same gold contracts to be traded across the markets.
Right, Helpful.
Thanks. I stand corrected. I apologise to Zumore for mixing the names since I was not here when Carp was here.
Helpful, I note that you have now replaced Mr Bell, Chairman of RRR as the new figure of ...
Coming to a subject matter perhaps of interest to you, I have just learnt that "In recent months, Standard Chartered ,HSBC, JP Morgan, UOB and Deutsche Bank have visited Shanghai Gold Exchange intensively to discuss cooperation."
Announcements have just been made relating to margins. LoL,
Many forums are now discussing gold but in much more depth than on this forum at this site. But currently, SGE is the largest in the world so that must be watched. We live in interesting times.
NEWS'' you have been doing a great job, since you start posting on here, you are getting to them for sure'' they really have no answer to your questions or opinionated long post LOL!! and when one of the x3 expected CO making RNS does land for RRR, I think they will all disappear like fart in the wind, or try to be your friend, and as you surmise 90% of AIM CO or any other Market will lose investors money, and that the new way of thinking for the investing community has got to change'' to reflect corporate GREED, that has no protection for shareholders written in any LAW, and IMO, perhaps the new way could be to enlist the help of artificial intelligence before we invest in any X or Y so we learn when to buy and when to sell'' without the human fall in love mind set'' if we don't want to be in one of the 90% when it goes down the pan to 0.0575p and forever be moaning at other posters that bought in on the cheap as if it's there fault... ???????
anyway my thought for the year is to stick with only 3 co that you think has near term potential with a silly MC like RRR and don't look at the other 99% on the Market wishing your life and money away'' wither they go up or down, and be patient with the 3 you have got until they realise there full potential then you can sell some ride for free and invest the profit in other fast moving PUMP potential if you so wish, but don't forget to sell them back and take your 30% regular so you won't be disappointed when the PUMP eventually drop on the next discounted funding call like everyone else, but whatever you do, hang on to the 3 near term potential I spoke about as eventually they will hit new highs as new milestone is realise,
KEEP UP THE PRESSURE NEWS'' DON'T BE SWAYED BY ANYONE, KEEP UP THE GOOD WORK...
don't forget tomorrow is another day closer to game changing RNS
ATB
News, it was Carp whose wife left him according to other posters. Zumore was posting on RGM at the time commiserating and saying Carp was hard done to. Nothing more.
PART 3:
PLAUSIBILITY:
Zumore lost his wife per Helpful informing me due to investing in RRR. |Helpful said this was posted hence the upset. So, I look at plausibility for example. Many women, unless they are professionals in their own right, have no financial status to be able to leave so easily. So, on the plausibility testing, it would not be that plausible that every last penny went into RRR, hence the upset? During the time I was on this forum, Zumore informs me that his FAMILY IS THE 1ST FAMILY of UK. So, again, some dis-connect here between 2 time periods. So, I take it, that it may be or may not be but that is personal to him. But the justification does not seem matching and conflicts between 2 time periods. Theeeedule said he mortgaged his house etc and told Mr Bell, Chairman of RRR that on the phone. However, in more recent times, he said he put in £500 etc. I took a quick look at duke's posting and I saw he told folks there, HE'S ALL IN at GST? LoL. As I said, if Duke telephone me, one would have to check the RRR share register. That is taught in the office. I am not interested in folks personal lives but when they give justification relating to their upset with RRR, then one has to look a little more closely at the plausibility one is taught in school, to see, on balance it could be or could not be, with 1% swinging to each side.
AIMDOGS
Very pointed and to which I have respect for. YES, A VERY GOOD mention of GOLD but compared to LITHIUM is not suitable. In terms of lithium, there is more to the story. I wont go into details as it would take too much time. So, AIMDogs has brought up a good point but that is already ANSWERED by the experts. I wont go into detail but IF THE EXPERTS are proven CORRECT, then one will see it in REAL LIFE. Why? There is TOO MUCH DEBT in the system and that has to, at some time, be rebalanced. What that will take and in what form is going to be evident shortly. Shortly as in 3-5 years time frame to see the beginning of how RESTRUCTURING will take place. It is ALREADY HAPPENING. How? Look at ASSETS vs paper money. Assets are NOT GOING UP but rather paper is going down RELATIVE TO.
RRR
It will need RESTRUCTURING OR RATIONALISATION and it is clear given DL & Paul Johnson are already executing on this.
DRC LITIGATION
One will have to await to see.
MY VIEW: I WILL BE NEITHER RIGHT OR WRONG. Why? It depends now what will happen and how things are run or rationalise and whether the DRC matter can be resolved in a time frame that RRR will survive. ALL CO'S ARE THE SAME, not just RRR.
AH, I AM HAPPY THAT MY ANALYSIS MEANS I LEAVE on the mkt opening, with a clarity. To this end, it means that I have studied the MICROCOSM here and can apply to any other forum given people fall into groups of thinking.
Banbury i have a pretty good idea.
There was an AIM company called Northcote Energy (NCT) and it later changed its name to Mayan Energy. Helpful used to live on that thread and of course it was an absolute dog of a company.
In 2015 Red Rock announced that it would likely take a percentage in an oil project named Shoats creek" and the project would be run by Northcote energy.
https://www.lse.co.uk/rns/RRR/option-to-invest-in-shoats-creek-j844s0w9q5qtgeb.html
So of course that piqued his interest in Red Rock and some time after he started appearing on this thread.
So i would say a few month after that above RNS date.
Dukey he's been posting overall since 2013. Zumore if he's reading will know how long Help has been plugging RRR or a good idea of the time.
Thanks for yr reply news and good luck with your investment here and whatever you ultimately decide.
If the Congo news drops I will join you for the euphoria of a potential larger claim which I feel is the ultimate prize here at present.
Gold, meh, let's see what actually happens as Bell has a deserved reputation for achieving very little. Then you have the variability of the gold price and we all know what happened to the lithium price and all the bull5hite Bell managed to create surrounding that debacle.
Morning news, seen as you not come through on your words that you were going to stop posting, wish either way doesn’t bother me as I tend to ship past most of your posts, as I’m sure they are sone to try an bury any negative posts ! Seen as you have loads of time in your hands, just wondering if you could look back at when helpful started posting(pumping) on RRR - and how much the SP has dropped since he been here ? Genuine question as would be nice to know and something to keep you busy for little bit today
Will the RRR Australia IPO get through or there is no mad rush for Ballarat drilling. Why? Another AIM co is drilling nearer the Ballarat area and there is no demand for dual listing in Australia, hence why I asked. If there is no rush for the IPO, then RRR may have to re-think and re-launch with Kilmore which is a bit more risky as there is no drilling. Hence, I mentioned trenching which is cheap and which MAKI did at Cote or FASO via the CEO GEO. Kilmore is the greater potential but I dont run RRR nor is RRR taking in my view. So, I watch to see and to also CHECK my own view. But, if I run my views with Helpful, then I can see A WIDER PERSPECTIVE. In an ideal situation, I would like a CONFERENCE CALL WITH MR BELL but I dont know there is much to glean given the interviews are very heavily qualified.
It is for this reason, I view RRR and my investment as option money and some of us like Maidit308 want it nailed down.
A lot who post on this forum are NOT POSTING with insight to the PROJECTS. Why? The RRR RNS's dont tell enough because one does not do site visits like brokers before writing a report. Helpful went into army life and he will know what I am talking about. DL did not have a military background and therefore, he did not see the critical path and where REM could be cornered. These are M & A techniques and to this end case studies are helpful. That is how Solgold has managed not to be eaten by dilution from any major so that they have JV in and taken the major share. Mather said so. But Mather uses a investment bank in Canada who's known skill is to conduct strategies to maintain corporate control. Otherwise, Solgold would have JV and got 20-25% share left and then NSR. Without stategy of the M & A type one will not survive as a co. I take it Mr Bell was not in the army and may not be quite so nuanced that the DRC will take not only legal skills but more importantly, how to outplay the opposition. AVZ's French Counsel is having a field day and already obtained an INTERIM RULING IN AVZ'S FAVOUR. How they ascertained that $105m USD was paid to buy M...lithium project is a wonder. How di they obtain that? It is not a pitch book deal but rather a private matter. Its no wonder why the interim ruling is in AVZ's favour. So, very well played. In biz, it is a skill not to be eaten by commercial interests. Eg GINA, OZ'S RICHEST WOMAN MARRIED A LEGAL COUNSEL WHO TUTORED HER and one does not hear Gina getting taken in by a more masterful legal fine print etc. I was hoping blueboy1975 that if you are a shareholder, then everyone should be heard but not the usual naysayers playbook of oh, the ceo this and that. Go to any forum and the same thing is repeated so it is a waste of time IF every forum has the same TEMPLATE. They call it the old acorns ie repeat the same lines. Hope this clarifies.
FOR CLARITY:
I dont ENJOY looking at poster's history. I have NO reason to do so. I have better things to do. However, if x or y comes on and repeats just negatives, then I have to find out [1] If the poster is only negative on this co or EVERY CO. Some go round just posting ummm umm on many stock forums and nothing related to the co. [2] People say a lot of thing eg they have been on this forum for 5 years. If ONE CHECKS and it is NOT so, THEN IT MEANS that veracity is not to be taken without questioning. No one knows who anyone is in real life here, so REPUTATION is on this site alone. Same as in REAL LIFE principle of engagement. [3] Everyone on this site or on the other site depend on the TRACK RECORD ie have they a record of hitting Tier 1? Or if they say, they are CHARTERED ACCOUNTANTS, do they actually display any of the academic qualifications they say they have. It is important as they are telling folks a lot of things which goes again accounting principles one learns on DAY 1 101 eg ASSET. So, a lot of posting but VALUATION is 1 of the most important aspect of Finance qualifications. How to post on any forum or take a V IEW IF ONE CANT VALUE using known techniques investment banks use? Go into a bank and try to get a mortgage or loan. The form to fill is to ascertain assets and cash flow. So, if this is not a skill then what is there to discuss about RRR. That is why all day, it is about the past which has NOTHING TO DO WITH THE CURRENT. I gave the example of Solgold in Solomon Island and Raines , Qld which was not a success and each time, the co has to try again until they hit the Tier 1 prospect. What is the use of harping on Solomon Islands or Raines and if one lost, they one jumped on the WRONG TRAIN. Simple. [4] Lastly, I dont have to CHECK ON HELPFUL. I ask about CURRENT. The down cycle in commodities means that NEARLY EVERY AIM EXPLORER GOT HIT IE DOWN BY 83% AND THEN ON TO 99% DOWN. ALL THE SHARE CHARTS SAY SO AND OIL PLAYER'S 40 CO ANALYSIS PROVES IT. THOSE 40 CO'S REPRESENT A LOT OF the AIM explorers so almost the whole lot have been covered that is popular.----------CUT TO THE CHASE, PUT £1 IN ANY OF THOSE 40 OR THE AIM EXPLORERS, IT IS A LOSS OF 90% OR 99% AND NONE ESCAPED. FACTUAL AND PROVEN VS VAN ECK JUNIOR MINERS ETF says the same results. ANYONE THAT DOES NOT WANT TO HEAR FROM ANOTHER DOES NOT PRACTICE DEMOCRACY. [3] HELPFUL HAS A FINANCE QUALIFICATION AND IN REAL LIFE IS A PROFESSIONAL. I have NEVER FOUND HELPFUL not to be up on his academic knowledge and he is not behind time on a lot of updated stuff. So, I like to RUN THING PAST HIM as I think that single chamber thinking is not good but rather bounce off a peer. That way, everyone has a say. I feel AIMDog was very pointed in his Question to me. But AIM Dog cannot see the defines of LIMITING risk, hence he asked me what I will be doing. If Helpful does not answer, then I take the view that at some time, my own view will need to be PROVEN OR DIS-PROVEN. Eg,
With all due respect news, nothing, and that is a resounding nothing, that helpful has ever said would happen has.
I know you like looking at posters history of posting, it would possibly be an education to look at his. Again, and this is not a criticism as I don't particularly think you have an agenda, but you may need to look at thing from a different perspective.
Contd
THE MEXICAN TREASURY DID A OFFICIAL VALUATION ON SONORA and said that it was VALUED at up to US$600 BILLION.!!!
In AVZ vs DRC, the story now emerges from what appears to be court papers that $105 USD was paid to get the M...lithium project from under AVZ and that the lithium project is valued at US$105 BILLION. So, when Helpful said it was worth x, y, z, yeah, a sale of US$430m would mean a bigger valuation normally.
So, now all have lost out. MORAL OF THE STORY? SAME GOES FOR PAUL JOHNSON - the same thing from management observation. He made it via RRR and GGP and now there doesnt seem to be anything of Tier 1 potential. Again, no longer hungry in terms of management case study criteria.
But apparently, DL has woken up. Perhaps he is now aware that times have changed. DL is concentrating on Australia for a good reason. Majors are now moving to Tier 1 jurisdictions and majors are in a pickle in Mali. That is why RRR is doing a quick in , at FASO to obtain cash flow but longer term , well.....
Lets see what HELPFUL SAYS. We all wait to hear. I want it nailed on before I buzz off to enjoy my summer. ANYTHING THAT MOVES AFTER THAT , I WILL HAVE EVERYTHING AT COMMAND AND CONTROL ie all the info on hand and watching all the catalyst points.
Yes, if you look carefully, I said that I would leave and before then, I am having a good yarn with Helpful to make sure that I have everything nailed on. So, it is Sat. Then, I fell into the MUSONI contamination news that is making headlines because 1 MORE MAJOR MINE IS STOPPING OUT. Implications of which I think Maidit308 will want to know about.
Once I have determined exactly a schedule of what to look for, I can watch on Twitter to see what is happening ie RNS etc from RRR or tweet from Mr Bell.
This is my view on matters: DL HAD to make SONORA WORK. He can work FAST - he drilled Sonora like a mad man. However, this is where it all started going downhill. He and Lord C made an agreement that DL's REM would finance the drilling since Lord C couldnt get the money at BCN in Canada as capital mkts had practically shut shop. However, what DL didnt realise was he was PLAYED by the new CEO and board AFTER LORD C passed away. DL got a CONTRACT ie OFF-TAKE WITH TESLA and Seeking Alpha said that WITH SUCH A BIG NAME, BCN/REM could GET FINANCING EASILY.
THE BOARD REJECTED THE TESLA DEAL. DL was smart enough to get a scoping study done and DID NOT TELL BCN. Then, one morning REM released the study which stunned BCN's CEO, a newly hired chap. BCN said its not their scoping study but REM's on Sonora. REM invited shareholders to a LONDON party and told them that he would play a chess move re: Sonora. HE MADE A BID OF £1 FOR BCN. BCN let it out to the mkt and BCN rejected the offer although it was a very good price. Fast forward, BCN accepted a Chinese major's offer later at some 45p + & shares another lithium project which was of not much value. MEXICO GOVT THEN SEIZES SONORA inc REM's 30% JV ie the whole lot. HAD DL NOT DONE THE SCOPING STUDY FOR REM, then forget it, REM could not take any action if there was NO VALUATION but with a scoping study, there was NPV etc so VALUATION was there. MEXICO GOVT SAID: THE CHINESE MAJOR DID NOT WORK ON SONORA but they said that they were clearing a road. The BCN people did not work fast enough but DL used to work like Speedy Gonzales. Why? That Sonora project was the break he needed so he put everything in. Failure ? Why? Easy going a person but got eaten. Later, DL found out that BCN and the Major was going to take up his plans to export to the USA which was a short distance away to TESLA!!!! This is all history of the time. So, when people are hungry per the management criteria, they will WORK THEIR GUTS OUT AND MANAGE THE IMPOSSIBLE. How did DL get a TESLA off-take is a marvel. DL showed a pic of himself at the Tesla factory. Not an easy feat and even Seeking Alpha was impressed. CUT THE LONG STORY SHORT: NOW THE SHAREHOLDERS OF REM ACCEPT THAT IF DL TOOK BCN OVER, HE WOULD HAVE HAD THE MINE UP AND RUNNING THE MEXICAN GOVT WOULD HAVE NO EXCUSE TO TAKE AND SEIZE VIA NATIONALISATION and if they did, they would have to pay through their noses of which they dont have that type of money. MEXIC
News, just thought I'd look in, blimey. To say last night you weren't going to post and were contemplating selling your shares because of negativity on here (a very strange thought process I might say) you've gone into maximum overdrive. I'd hate to see the board if you said you were going to post more often! Just joking. And by the way for clarification, yet again, I'm a shareholder, as you try to allude that all bashers aren't. Anyway, genuinely, have a good night/weekend. Can't be bothered with arguing tonight!
Contd:
BACKDROP: I will cite verbatim from DL via his Oz listed co per the latest RNS:
"RIVERSGOLD ASX: TENEMENT R A T I O N A L I S A TI O N OF TENEMENTS:
DAVID LENIGAS , CHAIRMAN & CEO: M O N E Y IS HARD TO COME BY in these TOUGH capital markets for junior exploration companies and as such RGL is NOT A HORDER of EXPENSIVE exploration acreage.
We have REVIEWED the ====PROSPECTIVITY ====& COMMERCIAL aspects of our tenement PORTFOLIO....have started a program to SLASH the tenement portfolio. We have already reduced our ANNUAL exploration commitments by 57% and have FURTHER RATIONALISATION to complete this quarter....reduced to $500,000 and keep core projects protects. We will continue to review new opportunities based on MERIT..." "KUNALPI NGM -------- S A L E DEAL. NORTHERN ZONE FARM IN. Exited Mt Weld farm in with Corcel." -19 Mar 2024.
In a further RNS/ANN, the Kunalpi SALE is to consolidate and make it a bigger package for a later IPO.
https://hotcopper.com.au/asx/rgl/
Comment: DL is moving with the times and is COGNISANT TIMES HAVE CHANGED. So, ADOPTING THE PAUL JOHNSON ACCOUNTING STYLE OF STRIP AND SELL ASSETS, FARM IN, EXIT ETC. SO, TOO RRR MUST NOW EXECUTE A BOLD AND SUCCESSFUL S T R A T E GY [MBA style] to effect a slim and lean co and obtain CASH QUICKLY.
DL IS THE ADVISOR TO RRR but he can only hint etc from the way he operates? He does not appear too ...um um.
The above was in DARK PRINT.
----------------Time is running on. Time for a Strategic Review-----------Sat, 20.4.24.-----------
Who is actually making the EXECUTIVE DECISIONS IN RRR? Are there a team of advisors or directors in the co holding meetings and the way forward? All the COLUMNS for action is now running late. One has to ask WHY and what is the STATUS of each PROJECT and what are the INTENTIONS for ASSET STRIPPING now that DRC has NOT YET LANDED/
So, I will do a strategic review starting from RRR AGM, 16.2.24:
[1] Is the KENYA LICENCE going to be RENEWED or is it going to be on the LICENCE type per the legal article I posted?
[2] When can it be expected or are there issues? As in, as in like before, dragging their feet by the Dept of Licencing?
[3] Is there going to be a SALE of this asset? If not, when is it going to be sold and when is the upturn coming to sell to the Chinese say , who can handle African gold assets? Are there connections to do so with the Chinese?
[4] Bilbale: Best case scenario is to continue with the ARTISANAL workings and is there test work going on?
What is the worst case scenario?
[5] Cote d'Ivore: What is happening there? Are the Canadians holding out for something eg reduced price etc?
[6] Kenya tailings - folks are interested in tailings so is that going to be sold? Again, are there connections to Chinese buyers?
[7] Zimbabwe: What time frame will the sale of the lithium take place as prices have risen quite a bit.?
[8] Is there TIN at TIN HILL, Zimbabwe since this is a hot commodity?
[9] Victoria - is there some admin delay or the Aussie's are not that enthused about another Ballarat player given that is not a hot area. Also, the intersections doesnt make the market go wild - an AIM co is not finding Sunday Creek type intersections. Are Aussies too polite to say so?
[10] DRC -delay is one of the most common and favourite legal tactics. What is going to be done as this cannot carry on indefinitely? Any change of counsel or 2nd opinion? Or a more dynamic success oriented experience counsel for DRC. After all, AVZ 's counsel is having the opposition for breakfast?
[11] 1 brain = 1 style. So, if things are stuck, then a MORE ROBUST AND DYNAMIC WAY FORWARD TO NEEDED?
[12] Why not invite the CEO GEO of Sunday Creek over since he stays at Kilmore and see what he says about KILMORE @RRR.
[13] Everything is by and by. Holders need a SUCCESS DRIVEN APPROACH AND HOW THE CO GETS THERE , ITS TIME TO SWEAT & get things moving. The market has changed and money is needed quickly.
[14] Who at RRR can get things DONE?
[15] Mr Bell is GOOD at what he does ie legals, procedural, getting licences etc but now SURVIVAL is needed. Why? BIG G like many others are cognisant that time is on their side. Crux Investor said so about majors in general and it is the small explorer that does not have the time.
[16] No CRITIQUE is meant, implied but a NEW RRR must emerge to SURVIVE AGAINST THE ODDS. There are many co's out on AIM and they have
AIMDOGS
Since you asked nicely, I will answer out of courtesy. As you know 101, never plunge ALL ONE'S MONEY into a stock. Find out EVERYTHING and EVERY VARIABLE if possible. Less room for potential mistakes then. IT IS CALLED EXECUTION.
Does one AVERAGE DOWN? Theory says NO, unless there is a CATALYST that the market will tick up via EFFICIENT MKT THEORY.
Keep one's powder dry. One has to know how much the sums will involve ie if one buy 1 share at a higher price, one will have to buy more than 1 share if it goes lower. HOW LOW is dependent on the situation of the accounts.
Meanwhile, LOOK OUT FOR CASH FLOW OR SPIN OUT OR IPO OR SALE ----that can change and turn things round. Hence, one has to know inside out what RRR has, not just spin yarns like the naysayers. ONE HAS TO FIND OUT PROFESSIONALLY LIKE AN ASSET STRIPPER [accounting terminology] as to what CAN BE SOLD, SPUN OUT, IPO'ed etc. AND MORE IMPORTANTLY FOR HOW MUCH.
DRC IS THE POTENTIAL PRIZE BUT IT IS THEN "OPTION" MONEY AND HOW RRR WILL LAST IT OUT AND WHAT STRATEGY IT WILL USE TO OBTAIN THE US$430M LOST [50.1% STAKE].
That is going to be a careful and accurate spread sheet done and no one can tell others what is the time frame as that is too variable and depends on one's own view, cals and tolerance.
Or, I just keep my option money. THAT IS WHY, THE RISKIER THE STOCK MEASURED BY THE BETA OR GAMMA, the less one must invest in a stock. Why? If £1 potentially can pay out £10, then no need to invest so much. But if a stock has potential for 30% upside, then capital needs to be more. THEN, THE VERY WEALTHY DO NOT INVEST IN AIM EXPLORERS LIKE SOME WHO ARE PLUNGING IN. Why? For high net worth, they only would put a small % for a risky stock. ALL AIM CO'S ARE TECHNICALLY RISKY AS DEFINED BY THE LONDON STOCK EXCHANGE AS THEY ARE GROWTH CO'S ESSENTIALLY AND NEED FUNDING. That is why the rich buy established BLUE CHIP INVESTMENT QUALITY STOCK THAT PAYS A DIVIDEND AND THEY ARE CLIENTS OF TIER 1 INVESTMENT BANKS WHO PROVIDE REPORTS so that one does not have to do so much work. One chap of Twitter said that he does not have the research teams so it means it is subject to more errors than a team of highly qualified investment researchers. SO, MY ANSWER IS WAIT AND SEE AND IT IS ALL 101 WHAT TO DO AND THAT IS EXECUTION OF EACH ONE PER THEIR TOLERANCE LEVEL FOR RISK. That is all 101.
So in 51 days (estimated) Bell does another dilutive placing and the share price drops again.
What will you do then?