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Stephen Paul Lundy
Helpfull
World worst Investment Advisor.
He is peerless and the more the RRR SP falls the tighter those blinkers are around his fat little chops.
RRR is in a door place. Comedy Gold
TheDuKe
Posts: 676
Price: 0.50
No Opinion
RE: RNS7 Aug 2019 07:35
No tweet of you Helpful regarding the Glencore cobalt and copper mine in DRC -
Just to let you know Glencore is halting its production at the Miranda mine in Congo at the end of the year and placed on care and maintenance due to the mine not being economically viable !! Please answer this - If Glencores mine which is already up and running is viable, do you really think someone is going to buy RRR’s project ?? Hahahah another complete mess up by Andrew Bell and Scott Kaintz - Aleta see how they try an polish this one ! Oubliette anyone ????????
This to add to your nonsense about Migori not getting renewed. FYI Glencore paid $430m
DYOR
https://www.guerillainvesting.co.uk/2017/07/03/red-rock-resources-laughable-ramp-tom-winnifrith-*************/
Error: £16,000 a mth.
A more considered post from you, Theeeeduke - rationale is accepted. I cannot judge what happened. But this I know -many just look at chat and just jump in. What type of chat? The old type that used to be posted on many websites eg the word "b....m" , "get in" etc. Why? People were not able to read or did not bother to read RNS's and what they mean. You have NOT confirmed what Helpful said ie you told Mr Bell, you sold your house etc to buy into RRR!!! If anyone telephoned me, I would CHECK the Registry first as this is the 1st port of call. It is not about believing or not believing but rather corporate rules dictate check. If it is found, it is true, then very sad to hear. Why? Stocks like RRR must NEVER form any HIGH % of one's portfolio. Why? There used to be a website [financial] that cited Beta Risk rating and how volatile a particular stock is. THE GREATER THE RISK, the SMALLER must be in investment buy in. Hence, why AIM stocks are NOT the mainstay of any HNW but rather a small % and that is RULE 101. SO, ALL IN , TO 1 STOCK, MAY BE AKIN TO PLACING BLACK ON ROULETTE and statistics teaches one , the chances may be 50-50 but the over-riding rule is that the HOUSE has the advantage. Whilst NO ONE on this forum who has lost ACCEPTS OilPlayer's listing of 44 AIM junior miners that lost 80% in the COMMODITY BEAR YEARS is at liberty to do so, but STATISTICS of REAL TIME LIVE PRICES ARE --FACT. I check the ETF of JUNIOR MINERS and it is also the same. Paul Johnson is tweeting about the bear yrs as well. He said he experienced it in the past. Mr Bell may be aware of the COST OF LIVING expense situation and also a TV presenter said that her husband's cost of care came to £16,000 a year and she is in debt to £1.6m. How does she pay it back? Bearing this in mind, it is hoped that Mr Bell will now use NEW SKILLS or engage skills of the type to now TAKE ADVANTAGE of the UPTURN in record prices of gold and Americans expect their gold stocks to also rise now , following such a strong rise in SGE. UBS has also put out pieces on gold etc. Lastly, the BIGGEST CRITIC has been SILENT on RRR, post yesterday's RNS of 1/2 yr results. NOTHING ON THE BLOG AS WELL. In fact, he wished A.Bell a Happy Easter. Make that what you will but this is a former fund mgr. So, cant say he does not know how to EVALUATE stocks ie GENERAL PRINCIPLES. So, why no comment as norm on Bell's RNS and its contents ie DRC etc. BALANCE. If you should have listened to Mr Magic, it is only because in a BEAR MKT , the BEAR's is not a genius are they? One should LOOK at the AIM JUNION MINERS INDEX and that would have saved many. Now, to be a bear is counter-cycle. No me saying but the big names now on Twitter watching -inc SGE. DYOR, NIA. As for Helpful, I cannot see how posting links induces one to buy RRR given he does not give any commentary as to the BULL CASE alone but gives an oversight ONLY IF ASKED. To this end, he has been helpful to me at least and to those who hold and ne
Dukey you really are a complete fantasist. The "in my opinion" is cover for let's make something up that I know nothing about and don't understand.
You don't understand what a "statement of case" or a "statement of loss" is. If you pursue someone, you have to say how you lost out and what your loss is. The court then deals with it as appropriate. Legally stuff 101 is, you throw the kitchen sink at the loss quantum. I could quite easily build a case that the loss is $10bn: unlike you, I do numbers. I know how the report would be structured and the assumptions made. If fact, I did a rough one for RRR a couple of years back.
Tragic and the other trolls were the ones who said that Musonoi was worth nothing and that if Glencore wanted it they would have it: RRR only got it because it was worth nothing and Glencore didn't want it. Well I was 100% right they were 100% wrong: I was saying a deal could be done to sell it to Glencore for between $50m and $100m quite easily. Well Glencore did want it and paid $430m for it.
QED
And you are are wrong about JMS, the reasons and the timings.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.jupitermines.com/cproot/1052/3/20210804%2520Departure%2520of%2520Jupiter%2520Board%2520Members.pdf&ved=2ahUKEwiet5-YrJmFAxW7QEEAHX0tBDEQFnoECBMQAQ&usg=AOvVaw2FFGNKyxDCvV0ZgufothL1
DYOR
News, I cant argue with your thesis - I also judge people by their word, which again leads to why I hold Andrew Bell in the lowest regard. A Phone call many many years ago between myself and Mr Bell finally made me realise or see the light. I had been defending AB and RRR for years, against Mr Magic and other until I realised they were the ones who were right and i was wrong(IMO). I hope DRC money comes through and yourself, Robins and Spec, as well as other do well. Apologies if I can not add Helpful to that list as in my own thoughts I just feel he benefits in this share in different ways to PI`s, so doesnt sit well with me when he pumping rediculous numbers and so much Jam tomorrow Bulls#1t, just to lure in PI`s for his personal benefit. Anyways thats me done for the day/weekend. Have a good Easter all !
RRR AUSTRALIA:
The RRR RNS of yesterday @"1/2 yr report" dated Thur, 28 Mar 2024 was very detailed as to what is going on with the Australian asset in Victoria. Mr Andrew Bell, tweeted to a shareholder and he stated: "NBGC IS ABOUT PACKAGING the project to ADVANCE it." To this end, I was CORRECT in that, there can be no IPO IF , RRR did not own 100% - this is the ideal status as norm. So, in RRR having the slightly bigger stake is the operator and hence by CONSOLIDATING the POW stake, it makes it EASIER to IPO, sell in whole or in part etc. So, Helpful was correct when he said that Mr Bell is on the phone kinda of thing to Australia. POW is therefore cognisant that due to the gold attractiveness of their joint Victoria asset , the best way forward is to meet the MKT's REQUIREMENT.
Theeeeduke: Since you are NOT a shareholder of RRR, it is very easy to comment as you have no tie to the co but for holders, we do want to know from Mr Bell and he has been kind to reply to holders. I have NOT tweeted to Mr Bell as I dont use my a/c for stocks. Perhaps, this separates me from you, theeeeduke, in that I judge people by their WORD. Thus far, in my limited time as a holder recently, I see that Mr Bell has kept his word to the shareholder who has asked him a few questions. Others DID NOT ASK. It is up to each one but I take CONSENSUS ie RRR RNS vs Bell's Twitter given I am cognisant he is also bound by the AIM regulations as norm. Sat 29.3.24.
GOLD
Professor CONROY stated that UNTIL gold HIT US$2k, it is hard for them to proceed to attract investors to the stock ie JV partner etc. That has now PROVED correct and FACT. Whilst Theeeeduke said gold price rose FACT , that is not the picture in its entirety. Why? The ASIC is rather high in place like Ireland for gold mining and so is Tier 1 jurisdictions -therefore gold prices RISING TO RECORD HIGHS is of interest to all junior miners. Twitter is awash with big names watching the Shanghai Gold Exchange vs COMEX and today GOLD MINERS rose in China on the stock exchange , some to record highs. Americans are also watching as HK/Shanghai is in the top financial center rankings of No4 in the world. Conroy Gold has not been in a good position for the last umpteen yr and reason Conroy expounded. Now, Prof C onroy has obtained a JV partner. My post for holders of RRR and views would be good from holders who are experts in the market. Sat, 29.3.24. DYOR, NIA. I am NOT going to reply to tittle tattle but to keep on point ie RRR projects and the 1/2 YR RNS @RRR yesterday.
DRC INTERNATIONAL ARBITRATION: SEVERAL MILLIONS PER RRR RNS, 1/2 YR A/CS:
I typed out the last sentence of the "DRC Legal" section and this related to RRR CONSULTING COUNSEL relating to taking advice over seeking "remedies" in outside jurisdictions and from "others". This relates to the US$430m potential loss of the DRC asset [50.1%] which was highlighted by the RRR broker note.
I was waiting for further news from RRR but Helpful kindly informed me that COUNSEL had ALREADY BEEN CONSULTED. So, given the success of the counsel for the local DRC arbitration, one is encouraged by COUNSEL's view on the matter of international arbitration potentially. HELPFUL pointed out that the "TREATY OF ROME" states that the international arbitration has to take PLACE IN LONDON OR SWITZERLAND. So, herein, it was from Counsel's advice.
May one assume that RRR could now proceed "shortly" on this ? The word "shortly" means in the short term and in corporate terms, it does have a range. BUT, in LEGAL TERMS, there is a LEGAL TIME FRAME to be observed. So, waiting for further updates from RRR. Sat, 29.3.24.
News, but anyone who knows anything about RRR and especially the Greenland debacle, will naturally take everything said with a pinch of salt until the money is actually in the bank, and not a cypriotic one . . .lol
DRC $10M ARBITRATION AWARD:
I read the RNS as above & I note new info ie the counsel of the para state miner has given assurances to the DRC arbitration court that they will pay [para phrased]. This is new to me given it is not an assumption that they will pay because it is a para state miner but rather it has gone through the COURT as above. The drafting of the RRR RNS was very extremely good & I cannot think that it was not pre-viewed by counsel. As usual, the naysayers have NOT been able to read the legal language to form a sufficient view. I proffer my own view as that may or may not be correct. So, one awaits further developments as per the Chairman's opening note in the RNS yesterday.
However, I quote again from Andrew Bell, Chairman in his post RRR RNS comments to a shareholder/s: "The issue is that one cannot make public statements about EACH meeting. THERE IS NO CHANGE IN OUR GUIDANCE. Did any party get paid out? NO. So, given that they WANT money too you should suspend judgment and --ASSUME A SOLUTION IS COMING AS WE SAID. IN THE DRC & Bukina MY COLLEAGUES CONTINUE WORKING, and honouring the holiday in their own way. So, my holiday will be hybrid, ON-off."
Taken together, it forms an overview and left to shareholders what view they could or may form. Suffice to say, I remain encouraged and positive that the DRC colleagues are WORKING this Easter holiday and so is Mr Bell, on/off. AWAITING DEVELOPMENTS. Sat, 29.3.24.