Member Info for AIMOilking

News on Steelmin's re-financing and repayment plan for RRR's loan is the news I would really like to see, followed by production news. This will de-risk RRR's position and must surely add perceived value in terms of an asset on RRR's books, however, until we get some figures and eventually sight of Steelmin's accounts, it will be difficult to establish the true value for this we'll need revenue, cost, pricing, profit and financing figures at least to make real sense of the value to RRR. The first clue will be any dividend received from Steelmin after production starts. At least the cooling towers going on provide some tangible evidence that the programme is moving forward.

Mr Magic, three points really: Bell can't sell the shares at a sensible value until they are relisted, at which point they become as good as cash. RRR may have to give up part of its holding when the Jupiter shares are relisted. Once Jupiter relists - does Bell need to continue as a non-executive at Jupiter, he might like to personally but is it in the best interests of RRR to have Bell traipsing out to Australia periodically. I see his role at the moment as encouraging the relisting of Jupiter or in the interim decent dividends to improve RRR's cash flow and liquidity of assets, so that market can appreciate RRR's underlying value which should support a higher share price..

Added RRR recently, undervalued on cash and soon to be tradeable main asset. Cash this year underestimated, plus several potentially transforming prospects. Chairman has bought into story with increased holding.