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This is embarrassing. One of the most misunderstood aspects in UK equities is the function and operation of the market maker.
Regurgitating nonsense like this doesn't help. Maybe the CEO should spend more time looking at his own performance having outlived his usefulness a long long time ago.
The great contra is upping his posting count again. You all know what that means!
Just imagine making 12k useless posts, sitting on heavy heavy losses and having maidit as your only cheerleader. Pitiful. I enjoy laughing daily at the mug.
Kind of proves my point -always linking to stuff without understanding anything. That's why you consistently back serial losers. The best contra I've seen!
Two lifestyle companies in a JV in IC - what a success story that would be🤣
Keeping pumping your dregs!
I said this 2 years ago:
"RRAL IPO has been coming within the next few months for well over a year. I wouldn't be surprised to see that the London listing is being dropped for an Aus listing just to delay the whole process again. Already happened with the planned Canadian listing where we were told that market participants really understand the gold market and appetite is incredibly high making it the ideal location"
So predictable.
Also funny how Helpless hasn't updated everyone about Mako share price recently... Only a 60% fall in little over a week. Maybe a lifestyle company after all.
Again so predictable. Helpless always likes to say DYOR but clearly he isn't doing enough. Scratches the surface and falls in love with the story/management. Gets parted with his cash and then has to pump this rubbish to try and protect his investment
This is comedy - you get the very first bullet (out of 10!!!) completely wrong...by not reading. The very thing you accuse everyone else of. It was me that said that, when did I say it was you? And apparently I'm the one that's slow 🤡
Again, waffle for the rest of it. What I will say is that it's great that you and AB have found your kink and get hard over collecting acreage. You made similar points about RRAL and Kenya before that. They have amounted to being just cost centres, and that's all they will ever be until they are quietly dropped. All IMO of course. The licence wins are most likely just adverse selection, I'll wait to be proved wrong.
I'd rather be slow than be invested in your basket of zeroes any day.
I'm confident others understood the point I was making about the massively destructive effect on shareholders when keeping these lifestyle companies afloat. No surprise that you didn't given that you fall in love with the story and the management - how's that worked out for you? (RRR, NTOG, ELEP, TOM, GENF etc etc).
I said that Mako looks like RRR's Aussie cousin and you decide to reply with a load of waffle.
"Maybe Mr Bell hasn't got it wrong " - sure, you can keep saying that for each failure. I guess you have to when you're involved in the same shoddy projects and rely heavily on your sugar daddy delivering something.
You're going to need a large tray for all the holes of doughnuts you're accumulating, I would be happy to donate you one.
The attempted ramps are just getting more pathetic, I almost feel sorry for you.
What helpless doesn't say is that Mako also has a fetish for printing shares. Almost a 6x increase in 3 years. The share price is in the trash - down 96% from all time highs, down 80% since start of 2023. Some real market confidence there!
He's getting all sticky over the Aussie cousin of RRR. However, what he's probably uncovered is that Côte d’Ivoire is the place to go for lifestyle companies to report inferred resources so that they can dump more bags on retail.
If only a version of the inverse Cramer ETF could be made for his investments, we'd all be millionaires.
Well we did learn that they're going on a jolly to IC in mid Feb, lovely hot weather at that time of year I hear.
So next to tick off the checklist pre-AGM: update on Aus "assets", proactive interview, stockbox, vox.
The share printing machine is warming up!
"any funds raised at this stage will be put to good use." ahahaha i'm sure it will...for ab. surely in line for an increase in bonus this year 🤣
so now emphasis on gold - just flip flipping between ****e projects as he has always done.
expect the donut helpless to be bombarding everyone with gold prices and the brain dead supporters of this crock to be significantly increasing their dosage of hopium.
red flag resources never fails to not deliver.
"Time has to pass" - yes and what happens in that time? Oh yeah you get heavily heavily diluted. You can of course be a muppet attempting to catch a falling knife on the way down. If not, any potential reward is just tending to a big fat zero.
The company is in its 19th year of being publicly listed and it's just gone through a record calendar year in % share issuance. 19 years and your CEO/Chairman hasn't even been able to generate enough sustainable income to cover PLC costs.
This isn't gambling, this is biased one-way wealth transfer.
The positive in Lundy posting is that he's an incredible contra indicator. The frequency of posting gold prices correlates very well with local tops. He's the epitome of a dumb retail investor - suckered in by BS takes/opinions on X and then immediately posts it here. Maybe to fool others, maybe to gain a friend... who tf knows?
What I do know is if Helpless is invested or posting about something then it's something you should be fading or outright avoiding. The serial loser is one of the best contras I've seen.
The curse still lingers. Greenland makes yet another appearance in the AR!
The company stated that this had been sold for £1 just before the end of 2018 reporting period, with outstanding liabilities of £183k due to an obligation to clear the site of an exploration camp and remove residual drilling equipment and supplies.
Roll on 5 years and the total spent post 2018 AR is £648k... to clear a camp and some equipment. This year has also seen the largest expenditure at £159k so far. Sure looks like someone is getting a nice regular wage with the amounts going out each year. What a great company!
It's called desperation Zumore. Imagine being invested in Red Flag Resources, White Elephant Oil, Burkina Fiasco, Afri-con Lithium Resources, Nostra Terrible O&G to name but a few.
But posting about a $7 move in Gold makes it all better 🤡🤣
Along with this company, Lundy is the laughing stock of AIM