Member Info for Dee12345

I'm not happy with OilManMike/Mando calling people out (incorrectly) on this board.

It's also a low blow to call out people's mothers. We're not 15 anymore.

So let's get this straight:

1. Telegram itself isn't an issue. It's far better than this board. It's a lot more versatile, and a lot easier to dispense with trolls and hidden agendas.

2. There was initially one Rockfire Resources Group on Telegram. The Admin was randomly deleting posts, so Mando (Oilmanmike's Telegram handle) set up another group.

3. After a small glimpse of admin power, this is where it all went wrong.

Rather than being Mando "The Mandalorian", it became all Kim Jong Mando.

Kim Jong Mando first started out by dismissing every little bit of criticism for Rockfire.

Even general DD questions were dismissed. It was literally a pumping group where anyone even questioning Rockfire was booted from the group, or thrown a torrent of abuse which usually went along the lines of "I've studied the geology, I understand this, you're clueless and don't know what you're talking about, and you're going to lose out on 100x".

It was pure ramping.

Pre-Copperhead drilling, Kim Jong Mando's motif was: 5% drilled at $555 Million In-situ value = $20 Billion valuation on Copperhead.

Everything else was dismissed.

I only ever invested what I would in a drill-play (a highly speculative drill-play, at that) - Then I explained to Mando how in-situ value needs to be proven, and then it needs to be proven to be commercially extractable.

This was completely shut down by Mando with one/all of the above lines.

I explained (in September 2021) how there are huge backlogs for assays. Again, Mando dismissed this saying it'll all be wrapped up by Xmas.

Then when discussing portfolios (I mentioned how I tend to have 4-6 core positions), Mando saw how much I had invested in a stock via a Telegraph/Daily Mail article, and decided to extrapolate those figures to determine how much I had invested in ROCK.

(This is very similar to how he established the in-situ value at $20 Billion).

I explained to Mando that:

A. I'm not 100% invested. I hold cash too.
B. My holdings aren't split evenly.
C. 4-6 are my core positions.

Suddenly, Mando wanted prove of holdings. And he wanted them from everyone in the group.

A lot of us were not comfortable, and get this wasn't crypto land where you regularly post portfolios.

Some of his hardcore supporters still support him with their 60% bags, but a lot of us simply left the group.

We then created our own Rockfire group called 'Rockfire Resources Group Shelter'.

Because it was a shelter from Kim Jong Mando.

Here, we tried to honestly appraise the stock (personally, I was more on the bearish side, and even had a few members annoyed at my pessimism...) But I made it clear I'm only holding for an exit opportunity. The group also became a place for us to discuss general mining stocks.

That's just

Most brokers have forcibly liquidated everyone now.

That's correct - That's actually one of mine.

All I'm claiming, is that this company and their resources are either unproven, or garbage.

I bought in at 1p, and sold at 0.4 - I should have sold a lot earlier. There's nothing I'm going to miss aside from a few more bags.

And it doesn't take a genius to work out who I am, though I have no idea who WhiteSuitGuy is. I know it's not CJ as you've already made accusations towards him about that. (You need to be very careful what you claim on social media, FYI).

I think you were convinced about 'the geology' - Yet how many professional geologists are excited about these projects?

You were convinced about Copperhead being worth $20 Billion - Yet how many majors are queuing up to take a piece of the project?

You're now convinced about the Zinc being some sort of saving grace. Zinc will be in a huge shortage, yet how many were desperate to get hold of this zinc project?

I don't think the CEO is a conman, but I don't think he's particularly good at what he does.

I tried to explain this to you MONTHS ago: In-situ value is meaningless unless you can commercially extract it from the ground. You ignored my point then, and most likely will ignore it now.

There's a reason there's a different Telegram group that you're not a part of. You've been ramping this for 6 months now, and all you have to show people is 60% losses. I don't blame you for my investment here, and I don't think you're a pump and dump merchant, but when are you going to stop with the obsession and accept that this company has next to nothing?

This is a case of the the lights are on, but nobody's home.

Perhaps this is just a case of Buying High and Selling Low, but I'm out.

I had a small punt position, and one thing I've learnt here is even with a small punt position - You still need to do the DD you would have done otherwise. I definitely bought into the hype (against my better judgement) or a large copper deposit - Which is simply not the case.

After I sold out, I had a look at a few of the old articles around Papua Mining. It's the same old re-hashed stories of Porphyry deposits that failed to materialise.

https://www.businessadvantagepng.com/papua-mining-may-seek-big-brother-to-help-develop-papua-new-guinea-prospects/

The above article sounds incredibly familiar.

Here's the company rejecting Battery Metals:

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/rockfire-rejects-battery-hype-for-queensland-copper-gold-49304181

Note what it says about the apparent "2.5%" grades.

I'll be completely honest:

1. This was always a drill play. Therefore manage your risk.
2. Just because you put a smaller amount of money in, doesn't mean you can neglect your research.
3. I don't blame any of the pumpers/so called Geology experts.
4. We've been had.

And they'll undoubtedly have us again when it comes to the next drill campaign.

They've been looking at this Greece deposit for quite a while. Initially, they were looking for 'something' in Greece, and then they came across this Zinc deposit. I believe this is prior to 2021 according to the Annual Reports.

Sometimes, you do the DD after selling to ensure you haven't made a bad decision. Having been kicked out of Papua New Guinea after "Not finding anything for 7 years" - Suddenly they found these amazing copper deposits the world seems to have forgotten about. I really should have looked all this up before I invested, but I was greedy and stupid.

I do believe this will head to a penny again, but no doubt it'll fall again, too.

In my opinion, this entire Greece story will turn into another hype-job like Copperhead, and then we'll see the shareprice rise, and then dump all over again.

Hopefully that's some food for thought for those still in here.

Looking at all these 69 buys, I think people are being starved of a whole lot more.

1. I agree with you there

2. The last thing I'd expect is a HZM type dilution. I think ACP will be negotiating pre-payments for offtakes like their peers have done.

That being said, a dilution wouldn't be the end of the world, so long as they can get the market cap up.

Thanks Mick88,

Pity we lost out in the end, but at the very least we managed to get The Mexican President speaking out specifically about Sonora!

I think some of the things we all overlooked with BCN was the lack of ownership The BoD held - We don't have that problem with Armadale. A good holding from the CEO, a willingness to bleed out negative influences, and only a £33,000 salary.

If it goes tits up, at least we know it won't happen due to boardroom greed or lack of shareholder alignment.

AIMtodeath,

You make some very, very valid points. I didn't realise The Tanzanian Govt would need to sign off the new DFS.

Railways often have capacity issues, but where available they tend to drop freight costs immensely.

I saw a lot of the buys being Friday afternoon which made me think some people wanted to be in for Monday morning.

Somebody mentioned warrants - When the Total Shares Outstanding were issued there were only a 2 million difference when adding the CEO's warrants to the new TSO. That would indicate that only 2 million warrants aside from The CEO's were converted.

I feel there's a huge opportunity to be had here over the long term - And either there's a leak, or people are FOMOing in on anticipation of a Monday RNS.

Just posted this - I'd like to think we'll be moving, soon!

https://twitter.com/GungHoStocks/status/1506303084661809154?t=1u1GkYMQQZoRd9ADX76hWA&s=19

Here's a thread I've posted on this. Quite bullish about where this is headed over the next 18-24 months.

https://twitter.com/GungHoStocks/status/1494666207789830146?t=dtTaIH-u8m_hFCu7pkQ3zg&s=19

That's pure speculation.

We don't know whether the fact that a sovereign nation taking sole control over a strategic asset is what precipitated this particular action. It seems everyone is catching on pretty late to Sonora, and even AMLO stated previously that they only wanted to nationalise projects NOT in development.

You wouldn't be here if you didn't have a dog in this fight...

And don't say you enjoy trolling, because you've been here for the better part of a year, now.

Perhaps you ought to let it go?

I mean, I'm guessing your contract runs until the end of January?

After all these deadline extensions, they still can't get to 90%?

I've be embarrassed if I were Ganfeng or the BCN board.

Still here.

If they get to 90%, good luck to them.

If they don't, then they'll have a hard time getting us out.

It took extension after extension for them to get this over the line, and now, they need an 'indefinite' deadline.

I think we did very well considering how poor/skewed The Takeover Panel rules have been.

The KDNC technically isn't under development.

Surely The Mexicans will nationalise it and then attempt their own JV/separate deal with Ganfeng?

Bannor seems to think that if Ganfeng issue a $600 Million total cash call, then KDNC will be able to raise their share of the funds with a £30 Million Market Cap. at 30% of their concessions, that's $180 Million.

If KDNC could raise even half of that money, they'd have developed a project by now.

Private shareholders will have personal requirements in an unlisted company, but with modest stakes it can certainly be affordable if people are that way inclined.

A lot of us staying in are doing so on principle.

Bannor,

If you bothered to read the email, you'd notice point 3 mentions the risk of a cash call.

Ironically, you're investing in KDNC who themselves could face an inflated cash call?

To be honest, KDNC wasn't on the radar for this article.

We contacted Ann Deslandes and Al Jazeera months ago, and it took a while (for various reasons) to put the article together.