Member Info for Helpful

It was aimed at Tragic looking at the posts.

https://twitter.com/DanielEarle3/status/1290267387804045312?s=20

https://www.proactiveinvestors.co.uk/companies/news/925696/iron-ore-hits-a-one-year-high-and-share-prices-follow-925696.html

Relevant to the JMS float of its iron ore assets and our royalties.

DYOR

Next door neighbours

https://twitter.com/ecrminerals/status/1290189431685541888?s=19

https://twitter.com/kirillklip/status/1290146005904580609?s=19

https://twitter.com/Ole_S_Hansen/status/1289846706482356225?s=19

https://www.afr.com/companies/mining/the-executives-building-fortunes-from-gold-s-dazzling-run-20200731-p55h8w

https://twitter.com/Brand_UK/status/1289140244407709696?s=19

I expect that we will get some sort of an update next week.

https://www.jupitermines.com/cproot/976/3/20200708%20Update%20on%20Jupiter%20Iron%20Ore%20Assets.pdf

https://seekingalpha.com/article/4359392-jupiter-mines-realize-significant-value-from-iron-ore-assets

DYOR

Says the mega ramper from 2010/12 who told people to put everything in here and RGM. How does it work? Getting your ramp wrong and losing everything makes you can expert?

"The JMS shares are NOT worth £2.6m. That's merely the face value on the TSX. "

Hey genius, JMS is listed on ASX other than that you are exactly right as always.

As usual, you constantly prove you don't know what you are talking about. Your constant drivel is just an attempt to destroy anything that is linked to Andrew Bell. He didn't lose you your money, you did that yourself. You have no interest in any of the companies or understanding of them except that Bell is involved.

So the Chairman has just bought 10 mil shares for A$2.9mil but he has over paid in your humble opinion.

Anyway, hold on to your hat genius.

Not ramping posting information that is in the public domain to counter the nonsense and vitriol pumped out day after day for 8 years by an embittered troll that can't accept he lost his money because he doesn't know how to invest.

So we are agreed; BG hasn't written a cheque out for A$2.9mil because JMS is a spoof: he has done it because he sees serious upside? Go away and do a NPV calculation on the two stage payments on the iron ore assets and the $10m pa royalty and revert.

The value of the JMS shares to RRR is currently about £2.6mil: market cap £3mil. All other things being equal JMS is heading north and the value of RRR's holding rising with it: everything else is in for £400k. The POW shares are worth £200k, we have some RGM shares and so Migori, DRC, Victoria, the royalty stage payments, the Mt Ida royalties, the El Limon royalties and other bits and pieces are in for less than £200k. RRR could probably sell its stake in the Victoria JV as it stands now for a couple of million dollars US.

DYOR

https://twitter.com/DanielEarle3/status/1288805263307309061?s=20

Posting the same drivel again and again.

So Brian Gilbertson buys A$2.9mil of JMS stock but you think it is all a spoof.

The issue is here that you know nothing and understand nothing which is why you constantly get the wrong end of the stick. You simply don't know enough to realise that you are spouting drivel. Why would Brian Gilbertson suddenly decide to buy 10mil shares in JMS having previously had only 1,483,226 shares: he could have bought those shares anytime in the last two and bit years and at lower prices. Why now? Let me pre-empt you: he is spending A$2.9mil on JMS shares to make AB look good because they are bessie buddies? Happens all the time seasoned corporate types like BG write A$2.9mil cheques to make his buddie look good and keep the trolls off his back?

BG is buying because JMS is going to increase its output by 50%, it is going to drop its marginal costs by using Namibia to get product out, it is going spin out Mt Ida and Mt Mason with a view to them being brought into production in the near term.

DYOR

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/update-on-jupiter-mines-iron-ore-projects/202007081418204346S/

It is called having the votes. You won't understand that because you don't have any shares but you are still the expert....

Shareholders vote on resolutions before them: if RRR is worth £20mil but the market values it at £3mil then any rational shareholder would want to delist it.

If you understood company law you might have twigged this before I told you.

DYOR

Just to annoy you on JMS;
JMS is looking to increase the output on Tshipi by about 50% over the next two years (JMS shares will be worth more and the dividends will increase)
JMS is looking to separately list the Mt Mason and Mt Ida iron ore assets that you said were worthless: likely valuation A$100mil. RRR benefits three ways; it is a JMS shareholder, it is owed $8mil in royalty payments on the assets plus has a 0.75% royalty on Mt Ida (worth about $10mil pa when in production).
The JMS chairman just bought a bucket load of shares: https://www.jupitermines.com/cproot/980/3/20200727%20Appendix_03Y%20-%20Brian%20Gilbertson.pdf BG had 1,483,226 shares and he bought another 10mi costing A$2.9mil.

AB has been instrumental in getting JMS to separately list the iron ore assets; this is seriously material for RRR far more so than JMS.

but but but.... Andrew Bell..

https://www.theguardian.com/business/2006/sep/03/theobserver.observerbusiness4

DYOR

Again, Tragic you just demonstrate how little you understand.

We may still take it private. If the market values RRR at £3m but the assets are worth £20m why would you not take it private? Companies get taken private all the time because the market doesn't value them correctly.

An example of the mispricing is the difference in market capitalisation between POW and RRR. Another example is the implied valuation on RRAL: if RRAL is valued at zero on a look through basis by the market but if it was separately listed it would be valued at $10m then you list it separately.

You would only take a company private if the market doesn't recognise value: if I can buy assets for 25c on the dollar then I will.

FYI the shareholder who wanted us to liquidate the company was wrong and I placed the last his shares on Monday: he is now out.

Three big things coming up Tragic: Migori; Victoria; DRC.

DRC reopens to International travel on the 15th: we can restart the activity down there. Fair value is well north of here (look it up expert).
DYOR

Tragic you are a moron.

1. RRR never lost the licences: it was agreed in the court settlement in Oct 2018 that RRR would apply for the licenses to be reissued under the Kenyan Mining Act and it would be done expeditiously.
2. Every other mining license has to be reissued in the same way. Barrick got theirs issued a few months ago.
3. The process is laid out in the legislation and the Kenyans control the process not RRR.
4. In September 2019 the Kenyan Mining Rights Board recommended that the licenses be reissued to RRR: it is on the Kenyan Mining cadastre.
5. Steps after that have to followed and AB has confirmed that RRR has done all that and is now just waiting for the final bit. Listen to his interview from Monday.
6. As with everything else the final confirmation has been slowed by COVID. Without COVID we would have them reissued months ago.

You know all of the above because I have posted it all before but your response is.... But but but Andrew Bell.

$2,000 gold this week: a great time to get the confirmation. Just hang around a little bit longer. And yes AB has been as frustrated as everyone else.

xx

DYOR

https://twitter.com/johnh13579/status/1288574785119760385?s=19