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Helpful
Could A.Bell makes or rather invite Paul to be the CEO of RRR? It would help given Paul's little shell did 25% on nothing ie no RNS. Maybe, the doggies will be happy?
Helpful
There are MANY shareholders of RRR per the Registry that are just ordinary pi's as I dont see any large institution/s holding RRR stock. Many may not post on this forum but they are OUT there. If Robins is anything to go by, then his 2m shares are now NOT worth a lot, British understatement. Perhaps, Robin has "given up hope" on his 2m RRR shares and now rather resigned? I dont know but what I know is that it is very hard, IF NOT impossible to come back if a stock has lost more than than 90%. Whatever morality ie that they were NOT aware of professional techniques of stock management is besides the pt now. One has to have compassion for the existing shareholders of RRR. I do understand it is hard to pull out a rabbit but all effort and sweat must now go towards making RRR a top winner now and the only way is to step on the gas. The DRC matter - it is now rather sticky in that if there is NO GOVT formed, it means no decision on RRR DRC $10m award yet and more to the point the $430m lost of the 51% RRR share of MUSONI. These sort/s of tactics is typical of litigation in general and can be in particular. So, every sinew has to be strained to obtain a result and if so, RRR loses could be reversed. As a RC, I am sure you understand that I have to speak for all who have lost on RRR losing 90%+. It is a moral duty to ask Mr Bell if he could do something. To this end, I was surprised that Mr Bell was NOT 1 OF AUSTRALIA'S RICHEST BILLIONAIRES as the 1st round of Aussie billionaires ie Ranked Top 10 were ALL IRON ORE BILLIONAIRES @magnetite iron ore which may not be as ideal as hematite iron ore. RRR came to the London mkt ONLY WITH MT IDA iron ore, Australia and Mt something --HISTORY NOW STATES A FACT THAT MT IDA is a Tier 1 iron ore project and can improve tonnage more per the report. AND RECENTLY THEY SHOWED GINA THE DOOR WHEN SHE WANTED IN- my word given Gina is next door at Mt Bevan to Mt Ida. So, folks , how is something one doesnt know but lets us hope that a better outcome for RRR if someone can ask Mr Bell to help shareholders of RRR. Thank you Helpful. Typo earlier post. Sat, 11.5.24
News, what someone did or didn't do is irrelevant. All that matters is the assets and monetising the assets. What the SP ends up being, who knows? There is no way of knowing, not for me, not for you and not for AB. All he can do is do what he is doing; if that isn't good enough then that is just the way it is.
At one point PJ was a possibility; we wanted to put the two together but he didn't. Then later he wanted to put the two together but we didn't.
Overall, RRR did ok out of POW but not as well as it could and should have done.
IMHO RRR has better assets but I haven't looked at POW recently. As I have said, several times; once we have made some progress, I would like Priyank to join. No idea whether that is a possibility or not. Ideally, RRR sorts DRC, gets Bilbale into volume production, Priyank joins and we go get Juno.
Dreams, dreams....
DYOR
Helpful,
Thank you. Good to know that RRR tried Paul Johnson. At least, that was tried. A very open response and all one can ask is to try. So, thank you for the status up to date of where dreams lies.
I have just read that someone lost $45k and he has to now quit. I note that one of the things he did was to keep throwing money in and that rarely works due to the risks involved. https://twitter.com/JerdTrades/status/1789019263707345327
Maybe, it may help others to see that one is not alone and what is the consensus of views.
News, Sat, 11.5.24.
Helpful
If my link worked given sometimes I copy the wrong digit, then you will see what 1 person commented on the loss of $45k and having to stop. He said you need to invest, NOT .... So, someone asked him if he was a advisor and he said Yes but he doesnt offer out of state. I can recall the exact word he used BUT I think he meant SPECULATION. In my view, investing is a very tough sector. Why? One needs to learn how to read CHARTS of Dan Zanger standard. Mind you, Dan Zanger learnt through practice. Why charts? It is to look for a big stock with an UPWARD trajectory and those are as rare as moons. The top NO 1 in the USA is MONSTER or was the biggest return. I havent seen the latest top riser for x no of years. I am talking for American stocks as London AIM stocks etc are not much given to charts except the few indicators which may be built into algos. So, Helpful, you are in the right profession as that man who commented. This relates to RRR as I am sure , by now, most will now realise that RRR or other junior explorers are NOT INVESTMENT GRADE stocks.
AIM is for growth stocks because they need an angel to fund them LoL. Maybe, some may not have realised this but that is on the London Stock Exchange website. Due to higher rates of risk, HNW never go into AIM stocks in any big way but it is only a small % to uplift the portfolio. So, a gentle reminder for the NEXT time if any. As for Mt Ida [RRR has a royalty], they at Junior refused Gina? Why, she has CASH of some $35bn , as in liquid assets. Now Gina knows a thing or two about managing money given she had to split 1/2 the inheritance with her Dad's new wife. Also, she inherited quite a mess from recall. Now, that is a turnround specialist. Only Gina at this momo can fund Mt Ida but I havent kept up to date as to what is happening at Mt Bevan, her licence close or next to Junior. Meanwhile, Junior is languishing at $10m mkt cap and NO MONEY BAGS IN SIGHT given in Australia, they are hard to come by with the billion $ needed to fund. The only other funder is the Chinese who funded a mega magnetite iron ore mine.
News, this is a long answer. I am not interested in what other people did or didn't do or how much they have made or lost or when or why. What has that got to do with RRR's assets and whether they can be monetised? Nothing, is the answer.
People who are down on RRR fall into two groups: people investing at the top of a metals super-cycle in 2010/2012 and those post 2018 (lets say). I understand RRR went from 0.25 to the equivalent of 40p: you would have to be remarkably stupid to invest into RRR when you should have been getting out. I see this all the time, a share has done up and the retail investor therefore thinks it will continue to go up. The same with, it has gone down and so it will continue to go down. Reversion to the mean. Investors should rotate out over overvalued stock into undervalued stock. There is also sectoral rotation as we go through the business cycle. No sympathy whatsoever from me for this group. You made a choice, grow up.
Post 2018 to date is largely about Musonoi and the other two licences being stolen and sold for $430mil. Why people cannot see the connection is beyond me. Those licences belonged to a JV where RRR was the operator and had 51%, as had been shown in commercial court in Lubumbashi. There can be no dispute as to the status of the assets, from anyone. If there were a possible dispute, then wouldn't be waiting on the arbitration: VUP would be going to court.
RRR had an accelerated pathway to bringing a JORC in and bringing Musonoi into production. It was stopped by VUP trying to do a deal behind our backs otherwise Musonoi would have been in production years ago.
Therefore, what has happened subsequent to the theft of the licences has resulted largely from that action. What would RRR be valued at with a JORC of 400,000 tonnes of copper and 24,0000 tonnes of cobalt and in production? Remember the $420mil was for a backdoor deal.
When RRR starts the legal process it will need advice on the quantum loss resulting from the theft of the licences: it will include all costs incurred by RRR as a result of the theft.
IMHO the potential claim is over$4bn. Before the bedwetters start going on about drivel, partly because of their agenda and partly because of their limited english: claim is not settlement.
DYOR
2nd part News. RRR has been an early stage mineral exploration company. It involves risk, it needs access to the capital markets and it may or may not succeed in what it does. People investing because they think it is "low risk" need to reassess what they think low risk is. People trying to compare it to larger mineral mining companies with producing assets are not comparing like with like.
AIM sees it self as a capital raising market for growth companies. What that means is that placings etc are not a glitch, it is the model for AIM. That is what the companies are therefore on AIM for, to raise capital. Companies typically fall into one of two categories: growth or income. AIM does not market itself as a market for income companies.
Now it might be that RRR is about to move to where it can start distributions (6/12 months window lets say) but if it is, it will be unusual for AIM. If Bilbale works out then RRR will generate enough FCF to cover its corporate overhead and fund its growth plans plus start share buybacks.
The model that RRR and other mineral companies used to follow broke down in 2012. The model was raise capital, spend it on an asset to move it to the next value inflection point and then sell/JV it at an uplift on what was spent on it. Since 2012 the buyers have not been there. That looks to be changing.
Anyway, my view is that RRR is in a good place. Bilbale should be producing FCF pretty soon, I expect DRC will be sorted shortly now the DRC cabinet and parliament is sorted, a deal will be done on Australia and we have other stuff on the go.
Fingers crossed.
DYOR
PS for the haters, even though this will make you bed-wet even more. Bell has a much better track record than most of the other people held up as super-heroes. Most exploration management teams never bring even on asset into production or sell an asset at a profit.
I see some of the managers and companies lauded on here by the uninformed and I think to myself, if only you knew the truth of it. At least two that get lauded are out and out frauds as will be shown in due course.
Seems to have bottomed out at $2,338 last night, and now seems to want to push back over 2,350
certainly grown in strength, and forming a new base daily
regards