Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
SmartAimTrade is the poster formerly known as TWIS. He is a specialist ramper. He is promoting his latest ramp - URU - on several bbs by pretending to be happy about your investment. Please report my post as admin might deal with him as they have done in the past.
Rad are, probably best to state that it was mindnumbingly obvious that it was going to keep dropping. The question remains: how low will it go? Trying to get the best get-in price (as I'm doing) is a risky game
Yep, MTR is a screaming disaster. I recently suggested Johnson of MTR did not do due diligence before he invested in the CGNR dog, now looking at the disaster over at MTR I'm suggesting CGNR should have done their due diligence on MTR! Mind you, at this stage the Prof would accept money from anyone stupid enough to invest here. It doesn't matter who they are. Monday should be interesting for both lifestyle companys.
Mtr, CGNR's recent investor, has received an offer for it (MTR). I've literally just read this one minute ago and have no idea yet of the implications, if any, for CGNR. All I do know is that the RNS was issued at 16:20 this afternoon and MTR's sp plummeted dramatically. Thank God I didn't invest in MTR is my initial reaction given their sp drop. Oddly enough I have to thank Timeless for unintentionally turning me off MTR. He probably saved others money too! I must thank him on the MTR bb.
I hope some people made some money on this today. Congrats to any who did.
Daisan, they're some fair points you made too. But my real gripe with the bod goes far deeper than an atrocious sp (although more recently that has become a really serious for me - that said, I know I'll never get my money back but a JV or something might reduce my losses). The issue that irritates me the most is how lths were treated by the bod. I'm not going to go into it again. Suffice to say back when I was Conroy's biggest defender on this bb and ADVFN, I was treated not only badly but with actual contempt when I tried to contact the company. I copied and pasted my email here - I was polite etc....,Look, I said I won't go into it and I won't say any more about that 'contact'. It was a far different experience from when I was a potential investor with a chunk of money and met Conroy. I was treated like royalty. It just goes further to enhancing the notion that this is a lifestyle company which Conroy will cling onto until he dies. The. It'll go to family. The sp is just another irritation.
Fair point, Daisan. I was just about to acknowledge that point, as I just did on ADVFN by editing a post I made with this: "Edit: In the interest of balance I should say the price of gold is not helping either (although its influence on 90%+ losses is negligible. Lol)"
Congrats to long term holders. Always nice to see an sp rise.
The sp has dropped 25% since last Thursday's presentation. Kudos Conroy and Johnson. When I posited that Johnson had not done his due diligence before investing MTR shareholders' money in CGNR (otherwise why all the questions at the presentation) I was informed by someone on the MTR bb (yet another poster who claims he has Johnson's ear) that Johnson told him around the time he was investing in CGNR that this is what he does: picks distressed companies, gives them a few months and then kicks ass. This poster said Johnson had done due diligence and knew exactly what he was doing I replied that I've been given food for thought. So far super-Johnson's ass-kicking has led to a 25% sp drop. So, here's the possible scenarios regarding why Johnson asked Conroy the questions he did last week: Firstly, it was the above scenario ie the 6 month ass-kicking after intentionally investing in a distressed company. If so, it is failing miserably. Secondly, Johnson simply did not do proper due diligence before throwing away MTR shareholders' money and is genuinely annoyed so asked the questions he should have known the answers to. Thirdly, Johnson is genuinely annoyed at Conroy, discussed it with Conroy, and the whole presentation questions were staged in order to appease shareholders in CGNR who are justifiably furious with CGNR. If so, that ploy is also failing miserably. I think it is the third option above but I have been so misled here that I've become very suspicious. Regardless of which of those scenarios are true, a further two points cannot be denied: it's a serious clusterf*ck and, at least Johnson asked some of the questions myself and one or two others here have been slated for asking for years now, and more recently by the allegedly new post-MTR-investment brigade. As always I acknowledge openly that I could be wrong about the goings-on, .185p (18.5p post consolidation) might be a great entry point, I'm advising no-one to sell or buy, all in my opinion. All I can say with certainty is that no other decent explanations have been suggested as to the disastrous presentation last week. The other certainty is that the sp has continued drifting into very serious and critical lows.
Am liking this share very much. Well done to all long term holders.
...day at Conroy Towers. I always said people buying in to a company that has managed to reduce its sp by around 99.98% since its highs, might be worth a punt for newbies. Now, I'm even beginning to doubt that. Mr-codders, with regard to anybody trying to dictate what can/should be said on these bbs, I have two words for them and the second word is 'off'. Nobody will ever tell me what to say on any discussion site as long as what I say is within the rules. Worse again are those suggesting we lie to make this look like a decent investment when the dogs on the street know exactly what's going on here. If I save one person one pound I'll be happy. Rampers can ramp all they like and I'll tell the truth all I like. Karma does not like rampers and this has been proven time and time again - we really don't have to look far to see that. Lol If the bod does something positive for the company (that doesn't involve them feathering their own nests as usual) I'll be the first to say so. It's called honesty. Not directed at Mr-codders. He doesn't ramp/lie.
We are, of course but look at ECR. They've just done a rather humongous consolidation, 200 to 1, I think. Like CGNR they're nicely set up for the next round of dilutions, placings and all the usual scammery. No doubt they'll find the fools to carry on. Unbelievable.
If that was directed at me I have to agree it there is no doubt it was a clusterf*ck of a 'transformation'. That said, and based on my limited experienced in pharma, I'll repeat what I said in September and October: I fully expect the sp to drop and I'm looking to free up some funds to invest when I review Amyt next year. People that get in at a low price should do well here. Just how that entry point is is all important - a risky game too.
Hi Thinice. I wouldn't be overly concerned about the sp drifting. That was very predictable. Investors in small companies are notoriously impatient and fickle. There were always going to be sellers especially coming up to Christmas. I think Amryt will do well for shareholders. I'm aware long term holders are feeling the pain and I know the feeling (I'm down over 90% on one of my long term holdings). But for those in at the lower end of the post-Fastnet sp this could be big. Hopefully long term holders will benefit too. I still won't have funds until early December (if I'm lucky) so hoping I can get in in time!
Here's a post I wrote here on July 1st this year. There have been several test results since then. I chose this post because it's balanced and the absolute fury I feel towards Conroy is restricted. Also, I suggest you read the last 70/80 posts on this bb to get a real understanding of the almost universal anger towards the bod (one or two rampers refuse to acknowledge that this a complete clusterf*ck, and some newbies are like I was 3 or 4 years ago i.e. this company's sp simply cannot go any lower - I was wrong, and there's even 1 or 2 honest posters who, whilst they acknowledge how appallingly CGNR has performed, still remain hopeful). "The biggest single gripe I have with CGNR has been its utter contempt for its own shareholders. The lack of communication, no replies to emails, vague RNSs etc is quite simply staggering. Last year we went 4 and a half months without an RNS while the sp was dropping and dropping. It was so bad I got legal advice about CGNR's obligations to keep their shareholders informed only to be told they were behaving within their legal rights. I was hoping MTR's bottom-feeding investment might include a proviso that CGNR must release updates far more regularly. In my innocence I still hope that might happen but I won't be holding my breath. Either way, CGNR don't do one month updates. It's an awful pity because CGNR have the gold but they seem intent on milking every last penny out of whomever they can before they actually begin getting the stuff out of the ground. Even if they gave a time-frame...anything." Now we have a large investor (Paul Johnson) asking the very same questions I've been asking although that might have been staged in yet another sneaky move to appease investors. If Johnson's questions were not staged well then shame on him for not doing his due diligence before wasting MTR investors' money on CGNR.
Wow. I find myself in a bit of a quandary. I find it very to believe that cowboy Johnson invested in CGNR 6 months ago (was it 6 months?) and then decided last night to rail against Conroy about issues any half-decent large investor would have already known about BEFORE investing - I believe it's called "due diligence" or some such term. I know Johnson has done a runner from MTR and its ever-dropping share price but nobody can tell me he was so incompetent as to not know the answers to the very questions he was asking last night. It is for that reason I think the whole thing was staged. If not, Johnson is indeed the worst large investor in the history of investing. However, (and this is where my quandary lies) given that it was an appalling lack of due diligence on Johnson's part that led to MTR investing in a company they obviously knew very little about (otherwise why the questions last night) then I have to note that Johnson's questions were almost identical to the very same questions I (and in fairness, Goheavy) have been asking for years here (Goheavy was asking these questions long before me but I, and others, disregarded them - some still are). So, I wonder which is it? Were the questions staged, or was MTR's investment done with an appalling lack of due diligence? Regardless, even CGNR's latest large investor is asking the same questions I've been asking for two years here. Now, there's a quandary!
Fenci, please allow me to make you feel even better. I must point out first that CGNR closed at 22p yesterday, not 30p. Here's the thing though: two years ago when you bought into KDR in November 2014 the sp was 1.2p, today it's .475p as you can see. I'm not great at working out percentages but that's about a 58% drop. Not good. However, in November 2014 CGNR was .9p which would represent 90p after what they call a "consolidation". Today CGNR closed at 20p, which presents about a 77% loss over the same 2 years. If someone wants to correct the maths that'd be great. Bottom line is this: you are far better off having invested in KDR than in CGNR. Incidentally, when I bought into CGNR in 2013 it was 2.1p (or 210p post consolidation). Again I stand corrected but that represents a loss of over 90%. Best of luck.
Yep. Same here. Hopefully some PIs did well out of the super jump today.