RE: RRR: Mt IDA M A G N E T I T E iron ore, W.Australia4 May 2022 17:05
Hey don't change the subject.
You think a dividend is a royalty, mix up JMS and Juno and then you think a royalty is affected by profitability. Bottom line is you are on here banging your gums and don't understand basics but hey it is Andrew Bell's fault.
We used to have someone on here who didn't understand warrants and convertible loan notes: could I get him to understand? No chance. Bottom line is that if you don't understand or can't be bothered reading up on your investment then you shouldn't be investing. The person you should be pointing the finger at looks you in the eye every time you use a mirror.
You have no idea about Juno and the royalty and don't understand how it relates to RRR. So what is your opinion worth? Answer is, a discounted nothing.
As to AB and ten years, yawn, yawn. He has someone try to steal the company's assets in Kenya and then had someone steal the company's assets in DRC. The first is sorted and back on track: the second is back on track and 90% sorted in DRC and maybe 25% outside DRC.
But but, yawn. The deal that took the three VUP JV assets away from RRR cost the buyer $250mil. 50.1% of that belonged to RRR but but Andrew Bell and his salary etc. Instead of deciding that Andrew Bell is the bad guy why not take the trouble to sit down and attempt to understand? In DRC RRR's assets where valued at $250mil via a backdoor deal: how much would they have cost through a front door deal? Andrew Bell pulled that deal in for a bit of sweat equity, some shares, some warrants and a bit of cash plus a bucket load of persistence: no one else can claim credit for that. Now go and have a good long look in your mirror.
DYOR
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