Member Info for joebop

I trust tg to pick good prospects, by duds I mean delays in monetization of the assets.

I don't foresee kml being monetized for a long time yet. I do foresee drilling activities to cost them more than for the initial t3 drilling phases. The industry there was on it's behind when mod stepped in. That's before you even ask will the drilling results be akin to the drill campaign that hit t3, or will it yield results like the other T targets etc.

Cobra is an unknown as you say. WA ain't cheap though. I've no idea the exploration budgets/ mtr contributions planned for there, or the ipo timeframe. What if they decide to keep it private for longer? That would be a dud in the costs v monetization box, but a longer term win. (What I like)

It is bat **** insane, in this industry, to sell down a prized, valuable dividend paying asset in the pursuit of maybes. Sell down when you have a guarantee on monetization of a second asset in the future.

MM really needs to think long term, and holding onto the sfr shares is vital to that long term value being realised for everyone.

So how do they hold onto the sfr shares, keep financing current projects and fund new ventures???

You all know it's the right roadmap long term, if anyone can think of a better way to grow the company responsibly without chasing too many rainbows, throw it out.

But remember, a bird in the hand is worth a hundred in the bush.

Why would the sp go sideways? If kml and/or cobra turn out to be a dud.

We have a very bloody rare thing should this deal go through, and that will be a successfully monetised project brought from discovery hole to being bought out by a dividend paying, low cost producer looking to expand.

Protect what you have. They are rare finds.

If they can get a loan without a raise, super. But I don't see that.

If you want to see what can happen when a company sells down a prized asset, look no further than the red rock long term chart. I believe they had a circa 20% stake in jms, with a 100 yr mine life. 80m profit attributable a year. Company is near insolvent. That Sp didn't go sideways. It bloody plummeted. Probably a 98% fall.

Illaquens, I haven't worked out the details, but a good broker should be able to cobble a good package together. ****, if red rock can get a loan of 10% apr on their jms shares....many options available.

I hear what you're saying about dilution. But say take a 5 Year time frame.

Option 1. No dilution. Sfr share sales and divi keep funding current projects. Relying on monetization of kml and cobra to replenish the coffers down the line. Sp goes sideways.

Option 2. Small dilution and loan. Sfr divi pays loan and running costs. Loan goes into new and current proojects. Well cashed up, multiple projects, sp rises, some (but not all) warrants exercised. In 5 years, majority of sfr shares remain + monetization of kml/cobra/new project. So a small equity raise with a loan could really kick-start the sp.

Now is the time to be bold, but not wreckless.

Even if they don't take on more projects, I'd rather them take a loan than sell down sfr. They have to be solidified as the backbone in the company. Have to be. Madness to sell them down without a dang good reason.

I've never looked into mambare booboo. Orion might jump in.

I go by a very simple philosophy and that is "Nickle is fickle"

No interest in any nickle ventures past or present.

Booboo. First things first, I've never invested in any rgm/rrr/czn /pow or any company affiliated with this duo. This is really a masterclass in everything to avoid in lifestyle companies. Priceless, quality educational material. They really are at the top of their game. Best in class.

As for my comments, bar these investors buying rgm outright, the only way they got their money back was by rgm being promoted and leaving a greater fool holding the bag.

The tweet history is all there my good man.

I'd go completely against the grain now to what you all are proposing.

Small equity raise for £1.5 - £2m to someone who is willing to lend say £5m on good terms secured against the sfr shares.

Put them in a great position to pick up and advance projects. If they have the right opportunities available of course.

The nav is in the 4.50 region or thereabouts

WTF else are they supposed to do with it? Offer the pilots a million each a year?

Because they sure as **** can't spend it on aircraft at the moment. Giving it out as a special dividend provides ZERO long term benefit to the company. There is enough restructuring going on with Laura, Sun etc so no imminent mergers on the horizon.

"20 June 2018: "I can tell you now that if we are lingering around this price come September and RRR has made the progress I think it will on the various assets, that I will personally arrange for it to be taken private"

Hahahahaha. I'd forgotten that chestnut.

Completely delusional. The only thing you should arrange is a great big box of Vaseline. Confetti Ettie coming for you.

Nobody needs the actions of a multi billion dollar profitable miner to question or make remarks about AB.

The man, through his INEPTITUDE and INCOMPETENCE has somehow managed to LOOSE MILLIONS and millions of shareholders money, through SHADY LOANS NOT ANNOUNCED TO MARKET.

Where did the money go helpful? Who got it? Why did they get it? Why wasn't it announced?

Were any of the beneficiaries clients or connected to you?

Pity you can't answer that last question for us.

In4, your post this morning where you mentioned that Ross has lost 15% of his bottle of TCP (Affectionately called Tom Cats Pizz)....how come chesh didn't report that one? Is he on the naughty step or just gloating I wonder.

They have raised cash for Artemis resources on the asx. I think I have seen them pop up in relation to another aim company placing, I can't recall that name though.

I haven't checked the trades, however this used to be a plaything of Andrew Neal, Paul Johnson and that bunch of market abusing cronies.

Andrew Monk of VSA tweeted a pic last week, in which his trading platform was viewable.

Imagine my incredulity when CERP was nowhere to be seen. The stock that they have down as a ten bagger.

Pmsl.

No doubt a chunk of this went to Mining Maven, a pr company part owned by......Paul Johnson.

For a bunch of supposed bright sparks, you would have to question Balpa and the timing of the latest action.

In between o Leary announcing a possible 900 job losses, the Big B deadline, and the major curtailment of next summers expansion plans, these muppets try and pull a stunt like this?

Are they seriously trying to do their pilots out of a job? I can see him moving aircraft out of the UK in the next few weeks.

That's where we differ boo-boo.

Any bit of due diligence would have shown that taking a punt on rgm and bell to be a pretty wreckless gamble. These guys were around long enough to know the carry on. They saw the warnings highlighted everywhere and still choose to invest. This means they either have too much money, or don't put a value on it. Or else it was out and out greed.

Here is the critical point in all this booboo....The only way that these people would have got their money back is if they then suckered in more naive and less knowledgeable investors.

They all had to keep the charade up. They were all in on the con. They had to be. They were damned if they didn't. Bell knew it. And they knew it.

Being taken in suggests a degree of sympathy should be offered.

I can't take that suggestion seriously for the latest guys, whatever about previous victims.

tutalage - tutelage

Interesting post when you put it all together like that eh booboo!?

Does anyone remember when the 3 Blind Mice went over to check out the operations?

Or were they only over there for a bit of doo wop practice on the porch. The Regents

https://www.youtube.com/watch?v=iUghPkBXLIc&list=PL2t8WTXg8nxNHwndQbud_g5RjTGRSiP73&index=27

Under the tutalage of the one and only Great Pretender!

https://www.youtube.com/watch?v=Pzkszgjkj6Q&list=PL2t8WTXg8nxNHwndQbud_g5RjTGRSiP73&index=8

Wouldn't surprise me if somehow they are involved in the new MET partnership.

Makes zero since to try recover losses on this Sp. Invest at the project stage or bust were the choices.