Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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And I wish you luck with those investments. They likely won’t have the potential to 10x your money like RRR could. You risk assess, and a super junior explorer can also have some unreliability. If you want 5% a year go buy Total and I’m sure it will make solid returns. You and no one buys a stock like RRR to make just 20%, so you take on higher risks with that. Until, I strongly think, now. There’s lots to come here and I feel like this rise is just the start. Hope your other investments work out
I don't claim to be some kind of prophet, or, as you do, claim to be some sort of investing genius. I just want reliable information from those companies I do invest in. Fortunately there are quality companies around and my investments in those are doing well as it happens. Good luck with this dog.
Colin pal, What would you say to investors in wirecard who are -99.5%? That’s the markets. You lose some and win some. Get on with it and stop whining like a baby. It’s so sad. Don’t claim to be some prophet that’s ‘trying to make a few pennies’ - you want risk free then go buy USTs. Don’t claim you’re doing gods work on trading stocks, you’re trying to make money out of others too. And when you lose you move on. This magic guy is one of the strangest things I’ve seen with an 8 year posting history. And some others here too. And you’re being made to look foolish as RRR keeps on rising now
What would you say to an investor who bought shares in RRR on the basis of information contained in two Company RNS's, that a completion bonus had been paid to the lawyers who handled the "Greenland" sale and that the money had been lodged in a Cypriot bank? You would just call them a mug punter I suppose.
Indeed, if the SP goes to 2.5p and the CLNs convert and the warrants exercise then the company is in a better position. Better for the warrants to exercise then to do a placing. Converting the CLNs improves the balance sheet and removes the need to fund the accrued interest. Both the CLN conversion and the warrants exercise will only happen in the SP is much higher than it is now. The warrants are mainly till December 2022 so why would we rush to exercise anyway?
A lot can happen before December 2022.
DYOR
For anyone that understands markets and finance then it’s evident it is false and manipulated information. You cannot slate a potential conversion of warrants whilst ignoring the increase in assets through liability reduction. Saying both separately as negatives, whilst entirely avoiding that one leads to another positive is false information. Simple. Converting any warrant into stock means the liabilities of this company drastically reduce, which is good. Not converting means less outstanding shares and paying a coupon. You cannot be negative both ways without stating the opposing positive. It’s so incredibly sad. 15,000 posts to achieve nothing. Zilch. An 8 year grudge because he lost money. If ‘said person’ was so intelligent they would use that money for positivity and making money elsewhere, not a bitter grudge. You tell me any smart and successful person would do that for 8 years and I’ll show you a failure
I don't think MrM is posting false information at all, rather he is posting recent history which may allow potential investors get a feeling for the company and its management style.
No doubt they will be saying the same shortly when the SP is 2.5p+
DYOR
Laughable - how has magic saved people money!? From 0.145 (where he’s been fluttering in nonsense) up to 0.64 now. He’s losing potential investors money by posting false information that he doesn’t understand. Should be reported, let alone praised
Timing.
Tragic didn't know in 2010/11 what he was doing and still doesn't. RRR was at the top of a metals cycle then. We have a new metals cycle starting now. Gold, Silver, Copper, Cobalt, Manganese, nickel are all going to stay higher and some are going much higher. The problems with Migori were not AB or RRR's doing. Steelmin and the diamonds rubbish were AB's doing and I have told him to his face he made a mess there and is responsible.
None of that changes the position we are in with the super cycle.
DYOR
Yeah okay but only because I am know I am safe.
Peripatetic Fund at Christies then.
What has happened to your mate Tragic? He told me that he wouldn't slink off and that he would be here till the bitter end. He might need a comfort animal or something.
You assume that I think that there is any chance that the licenses will not be reissued.
After the MRB made its recommendation, it was done: the rest is just process and bureaucracy. I did think it would have been done months ago and so did AB but hey ho!
You also think that Migori is the only upside here and that is not the case.
DYOR
And restart of production at El Limon.
It seems we have a big buyer, buying up a decent chunk. TR1 Monday maybe? I don't know who it is.
Okay
1, JMS confirmation of timing re the 50% increase in output at Tshipi.
2. JMS confirmation of spin out of the JMS iron ore assets on which RRR is owed $8mil and has a 0.75% royalty. Likely valuation A$100mil on listing on ASX.
3. NC 43-101 on the RRAL JV
4. Confirmation of timetable for listing the RRAL JV on TSX
5. News on pre-IPO funding for RRAL JV
6. Confirmation that the Migori licenses are reissued under the Kenyan Mining Act 2016
7. Confirmation of the Migori JV and terms.
8. Update on POW
9. Anything left field for POW and RRR (they both like deals and have said that they continue to look at deals)
10. Update and resumption of activity in the DRC. We need to finish the JORC report for Musonoi, do some trenching at Luanshimba and some aerial stuff on the other four licences.
DYOR
Remind what what’s the list of (hopefully) positive news we’re waiting for? I feel like this has been 2 years brewing and it’s about to bubble over now. Just my view
Indeedy. A lot of news incoming, this will be a lot higher next Friday.
Is it liftoff? (Even more) strap yourselves in