Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Money goes missing ,yeah right.
Lol
Cunning Old Fox
Cheap as chips
Banbury, Dan says it’s Kansai but I think it was mid migori mining ! Can’t remember exactly but it was along the lines of ….. Andrew Bell have a big long spiel on what was happening over in Africa to mining activities etc, then when they asked if any questions the guy in charge of the African mining company popped up, saying all that he had just said was news to him and he is over there on the ground …lol. Something to that affect anyway, would love to get recording of it but not sure it was ever released ! I think Natasha was at the company then, probably the only tidy person they ever had working for them !
Nice one Duke - hopefully Dan comes back with Kansai diamonds.
Anyone remember candy crush ? I think it was called.
Oh the memories
Ha ha yes !
What was original company name ? Know it pivoted to cloud computing I think then Candy crush !
Ascot mining another one …lol
Not sure if it was RRR who went after graphite - The list goes on - Lake Victoria a Throw back
My favourite was the RGM Rosa Coal mining debacle. Greenland is surely the stand out pig's ear. Escrow, Cyprus , you couldn't make it up.
I don’t know - Selling Jupiter with the dividends they were paying was sure madness !
Yes, but didn't he have to sell the Jupiter shares to cover some other pressing commitment that perhaps hadn't adhered to the divine scheme?
Five Chinese buyers and the Dubai taskforce was superb hyperbole from last year.
it's interesting to read people reminiscing about past rrr escapades. doing a quick google search lead me to read this article which is very entertaining https://www.guerillainvesting.co.uk/2017/07/03/red-rock-resources-laughable-ramp-tom-winnifrith-*************/
Wow ! Hell of an article, surely if any of us wrote that on here we be told to lawyer up 😂😂😂
Dukey that's seven years ago
Zumore will know but placings and SP decline have continued regardless for those seven years with 1.5 Billion [gulp] more Friday.
Essential reading that. Thanks for the reminder panda1.
TDT
Banbury "5 Chinese buyers' It is critical to read the actual RNS that RRR issues. In this case it was described as a meeting.
It was the rampers who pumped it into something that it was not. Meetings are a dime a dozen. AB could have a meeting with (insert name of rich person) or a fund (insert name of any fund) but a meeting could be anything.
Recent RNS also mentioned meeting with nearby property owners that does not mean any deal is being proposed or even desirable.
A meeting with potential buyers if nothing else gathers potentially useful information about the market such as: the market is terrible we are not interested in buying anything
Hey, why bother checking facts when you can just make stuff up?
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02767323-6A1191727
AB did the right thing selling Jupiter: I was telling him a year earlier that he should sell it. He would have sold at a much better price.
DYOR
I see VAST has announced a general meeting today to vote on a share CONsolidation and authority to issue a large amount of new shares. Of course they are still saying the delivery of the diamond parcel is imminent: 'Whilst it is appreciated that there has been a considerable period of time since the delivery of the historic parcel was first expected, the Company has good reason to believe that finalisation of the delivery of the parcel can still be finalised in the close future'
Hopefully, as with VAST the finalisation of RRR's DRC payment can still be finalised in the close future.
Panda Bells done a consolidation.
He set the nominal value so low [ that's the floor stopping issues] at 0.01p that we could safely have 100bn shares with no consolidation.
Raises will in a years time be for 5bn at a time for 0.02 or 0.03p to raise a small amount.
The death knell for our new and expectant holders pulled in by the recent REACH RNS.
Let's hope he gets $7.5m and that can be avoided.
Get back to VAST PANDA, there is no need to be here this early in the morning D-ramping with the rest of the trolls LOL!! ARE YOU PAID?? we know the trolls like to start beating on RRR from 7am every day to try and keep RRR SP depress, but it won't work,
“…..we could safely have 100bn shares with no consolidation. ”
Correction
100bn+
TDT
Cannot compare vast to rrt. Vast difference in the number of shares requested. We are not in debt. I have voted no to placing of share and request others to do so. We have to stop here. Better to loose the lot than to allow more loot. Enough is enough. Either the DRC money or shut the shop AB.
Come on AB! Pull the rabbit out the hat you owe most money here.
Things looking less likely with each passing day.
Looks like he may well have lied to us. All. Disgusting behaviour if true. He tweeted that the resolution was nearly resolved and we would receive an update early this week….now Wed
Maidit - the RRR share price is depressed as it has over promised and over delivered for the entirety of the millennium.
Nothing to do with posters on here.
If Bells get the cash it will fly. If he does not it won't.
We have told you the tell tale signs he won't get the cash ( not going to DRC, Reach RNS, imminent placing from Fridays GM).
What you and I think won't alter the end game but the "evidence" suggests all is not good.
Gordon a strong accusation.
You gave others on here a hard time for pointing out risks , which was not nice
It may well still come good but looking less likely its in days. Dilution was allways the risk.
Welcome to the world of disgruntled RRR share holders :)