Member Info for maestro1

Jupiter Mines value has 5 folded in last 3 years, i repeat again, Bell has said they will sell 25% of their holdings once Jupiter relists on the mkt shortly. Steelmin is not run by a bunch of cowboys, prior to our involvement offers were made for the company, which were flatly rejected. Now they are close to production, new funding has been secured if you read the last rns, we will get paid before 21st feb. I think once Jupiter relists it will trade above 44c and steelmin value has increased as its close to production, next two months i am expecting significant rerate on this stock..

I can bet this Luxemburg funder has given a better deal than they got from rrr 7 months ago, the project has been significantly derisked as production is very close.

If steelmin don't pay by 21st Feb I will eat my hat...

Steelmin will pay us back before 21st Feb, the two furnaces are secured against loan, should they not pay by 21st feb we get additional 5% penalty.. I'm not worried about the loan we took out to fund steelmin, we took $4.2m and have 2.8 remain, we have that secured with our Jupiter shares. Can easily liquidate next month to pay them off should steelmin not pay on time..

I have seen companies with ebitda c. 15m with mkt cap 75m. First furnace will generate ebitda of 10m per annum and the other will add 4m.. Mkt cap can easily be 75m for steelmin should they list on mkt, can easily sell business with first furnace running for 50m... IMHO

And Shares don't go up in straight lines. You have to admit, Jupiter is fine investment.. Steelmin investment will also be...

Sorry title should read aus$0.081c

Steelmin will be very close to production now, new funded has been arranged, next week or week after we should see our loan returned. They have to pay by 21st Feb else there is another 5% additional penalty.. I don't think they want that...

Jupiter mines delisted 3 years ago at price of 8.1c, now it plans to list at aus$0.44c . That's a 5 fold on our investment. Once relisted I'm sure it will trade higher than 44c, it will be perfect opportunity to sell 25% of our shares in Jupiter as planned.

Colin Past is past, many aim companies have messed up. Rrr is not different, if you look at their assets they are surely worth more than the mkt cap. It's undervalued, yes you may not see 10p for awhile 3-5p short within this year is possible. Once the loan repayed shortly things will fall into place. Imagine if we get shock rns saying migori gold licenses sorted sp will respond. Certainly valued more than 4.8m..

Early Feb 1st-10th, mid Feb 11th-20th, end Feb 21st-28th.. Fund drawdown should be completed very soon, maybe when money returned they will shut up..

itsgambling, srsp use to be a siftware company, do you know how volatile it is in the Nile Delta in Nigeria, risky business my friend...

Further to the announcement of 18 January 2018, Steelmin Limited ("Steelmin") advises that it hopes for fund drawdown under its new Structuring and Placing Agreement with a Luxembourg investment vehicle early in February 2018. Following drawdown, Red Rock would be repaid all amounts outstanding from Steelmin. ======= Yesterday's rns indicates that steelmin funds has been done, I think by next Friday it will be done..

Luckdog Wait for Jupiter to get listed late March/april, they will certainly be worth over 44c... IMHO.

lol itsgambling never gives up, stick with the Nile Delta mate..

we own 22% of steelmin, just imagine it is sold for +�50m? :-)

Steelmin Chairman Andrija Kojakovic is also Chairman of Central Europe Oil Company, he is Former Director at EBRD between 2002 and 2006. Experienced Board who have recruited the team who ran the plant before it closed. The second Furnace IV EBRD have shown an interest in funding, some investors believe once near production this will be sold for considerable amount.. I happy to wait..

I think these trolls need to do more research on steelmin limited and who it is run by. They are not cowboys or idiots.. I'm happy to wait here.. This is an excellent opportunity for rrr....

I won't be surprised if it's one poster with multiple aliases.. Mkt cap 5m, I think within 3 months this will be over 3p...

Steelmin has value to rrr, so does Jupiter mines. You can cry all you like, they can add another 500m shares and the company will still be undervalued..