Member Info for G_G_G

Hi guys,

For some reason my posts asking for opinions on why we haven't progressed to sealed bids already were removed. I cannot fathom why this hasn't occurred unless there is a roadblock. The roadblocks I can think of are the ROC gov.t at the behest of China, or Glencore. ROC is easy, they're deep in China's pockets and may have said you sell to them or you sell to no-one. This would make sense in my mind as ROC needs China to build out the port, railways, energy plants, steel mills etc etc. Zanaga effectively pays for all of this. Glencore I can only imagine holding things up for the right price and/or they want some form of trading rights to the ore. Given the debt ROC owes to them there could be something in there as well. I definitely believe there's things happening behind the scenes, but cannot reason why sealed bids hasn't been pursued given FMG and Vale would be interested in participating (as they did for Simandou), and the price we would receive would probably be on par to that realised at Simandou, which is f'ing huge. Why wait around if you're free to do this...? End it all in the space of a few months, and do it cleanly. What could be stopping this?

Full disclosure, I currently hold 300k shares and my target is 750k, so definitely a buyer. I have been here for years (another handle - long story) and held up to 650k at some points so have seen this up and down too many times to count.

Extrader, I do value your thoughts, what do you think about potential roadblocks to sealed bids?

Agree 600, we'l be back in the 2's in short time with this news. Take a look at Zioc if you'd like to see how the market is reacting to can kicking. Reckon 2.5-2.75p will be the new range for the next month or two, then we'll start to see the build in price again.

Thanks everyone. Good to read. Let's hope for a strong update tomorrow morning then.

Has anyone seen a Cannacord report on SHI - another poster mentioned on the HZM board that it's quite negative - appreciate if someone could forward if you have access.

Where the hell is this RNS? Quite annoying as I have a number of other companies where I'd like to re-invest my winnings :)

So where do people think this will bottom? We're obviously going to need money in the very near future so what are people's thoughts on how this will be addressed i.e. raise v loan? Personally hoping they will do something similar to NCCL in the form of a loan agreement i.e. without ridiculous conversion terms.

Maske, your thoughts on where the SP is pointed from a chart pov would be welcome.

Actually I'd like to know the answer to this post as well Ivor - What do you mean by your SHI comment. Genuinely interested as I'm a holder there as well.

Hi guys,

Been here a while and have seen this many times over the past 4 years. It's just another rise into pending news from retail investors. Nothing more. When you start seeing twitter d!ckheads join the board calling £6 per share then you know we're in another P&D scenario. I've sold down to a modest 350k shares but obviously still hold and pray that I'm at my targeted 750k shares when news finally lands. Just don't think it will be for a little while yet, hence why I haven't topped up again. I do believe Maske will be proven correct again, and we will revisit 9p range in the coming weeks. Having said that, if news drops none of us know how high it will get, but my belief of a fair t/o price is somewhere between £2-3. Anything more than this range and we've done well. Anything less and our buyer has done well. ATB, HTH etc etc.

Agree dropinmonkey. I think they're happy to sit on their idle @asses and let the market and time take them one way or another while they get their pay checks. Having said that, even Dan cannot f@ck things up now. The gold price is too high and likely to go higher. He can continue plonking along and we'll still be at 40p by year end providing gold stays above $1500.

Meant to say 'Sadly Dan is one of those CEOs who doesn't care for promoting the company he runs'.

Gold up and still above $1700. What in god's name will move this stock? Sadly Dan isn't one of those CEOs who doesn;t care for promoting the company he runs. He'd rather very slowly drag his feet so he can keep his fat salary for many more years. Perhaps if he had more skin in the game things would be different. Truly disappointing for a CEO to be so idle when there's so much opportunity to point out success stories and a clear, profitable path for the company for many years to come. What a doughnut.

Wow, this really does move on the slightest of news. A few people posting their response form AT was all it took for a 15% move. Makes you think what will happen when we get some actual news. We went form 6p to 25p a few years back on the enviro permit. Hopefully we'll get something much more important in the coming weeks and see +40p. Fingers crossed.

those trades at the end of day? Some chunky numbers there.

Sorry fellas but this stock is gone. I took a £70k haircut on this dog. Graham and Majid have f@cked this up beyond all comprehension, and this is before COVID-19. They're incredibly incompetent, and perhaps even dodgy given the insider trading that happened on a number of occasions here. I hope Graham pays for his mistakes in the same way I have, but something tells me there's always a back-door for these guys. Good luck for those who still believe. You're going to need it.

Not sure his usual 'look over here' bull****' is going to work this time to take away focus on Coronavirus and the havoc it's wreaking on the O&G sector.

You guys might want to look into the 'deal' given to BCN for their +$BN NPV Sonora project by their Chinese partner. It will surprise many how little they were given for a large % of the project. This is for a long-term growth sector (Lithium), with build-ready project, which is quite low capex for the project economics. It's also a battery product they are making, lowest cost quartile, and one of the largest undeveloped Lithium plays in the world. Also, BCN had cash in the bank at the time the deal was struck. Take a look at this deal as I'd be interested to hear people's thoughts on what ARS is likely to receive given their project, and current financial circumstances.

Well I have to say I'm genuinely amazed the oil sector is blue today. It's quite literally f@cked for the next 6 months, and highly unlikely to break $35 in that time . And yet stocks are gaining in this environment and nowhere their very recent lows when the oil price and storage capacity were much better. Can't help but thinking some bots are about to drop the hammer on the sector. There is no silver lining for 99% of companies for a long time. RRE of course is one of the 1% (why I'm on this board) as it has cash to not only take care of prolonged price punishment, but also benefit from taking out some of the heavily indebted companies in the sector. How companies like PMO and TLW are not in single digits defies logic...

You've got bot trading holding up the sector. When they turn, and they will, it will be a pretty sharp drop.

JAdam, completely agree. Some blood to be spilled in the coming weeks.

Have to disagree NKOTB, I think you have. a lot of investors who have been caught up in the optimism of the 'great oil cut' and are deciding to hold. This will change as the oil price continues to crater for the next few months. There will be steady selling at these prices and one or two days where it will spread across the sector with +10% drops because no-one will be buying until they feel a floor has been put in. RRE will test its recent low in the coming weeks. As will all other oilers. About the only resource safe to hold at the moment is Gold. And oil is most certainly the worst.