Member Info for maestro1

coffercups if you read the agreement of the loan in june 2017, you will see that they can extend the loan by 8 months, so its nothing sinister, what it does it that it can increase our share upto 30% and increase interest payments to us. With the investments they have they certainly can be valued at over 3p

i think GraphiteTech has got it right, quite a few purchased over 10p a share and are disappointed with the board. The value of Jupiter Mines has 4 folded as a result of commodity prices increasing, currently jupiter are buying back shares at 44c a share.. At 1p there is value, certainly 4p is achievable in 2018.

Mr magic If you read the rns of when the loan was agreed it stated production expected in q1 2018... I'm happy..

Magic You need to read rns of 23rd June, the stealmin deal on top of repayment of loan we can receive up-to 30% of company, at the moment we have 21%. In that deal it said they can extend for another 8 months, we owe lenders £2m which is guaranteed by our Jupiter shares. The current furnace which is being reconditioned is expected to make ebitda $7m and once the smaller one in line it will be total of $10m.. You make it sound like company going bust, which isn't the case, this should be worth over 3p a share, as Jupiter shares have quadrupled... I think it maybe better for rrr that steelmin extends the loan agreement as this can increase our share in steelmin by upto 30%.

Magic, each to their own, you have your opinion I have mine. I do see value here. The loan we have given out is secured against the steelmin asset, it was only given 7 months ago and there was option for steelmin to delay payment by another 8 months, I don't see the issue. Anyway next week we will know whether they will repay or extend loan. I'm sorry if you list in the past but current value looks cheap, it's not only to me...

MrMagic No offense, i'm just following the company recently and i see value here, lets say they go into admin now and sell their assets individually, we will get +150% gain, company has value. I dont really care what happened in past, sp use to be alot higher, if you lost money in past i feel for you i have too in other companies such is investing in small caps.. Its not the end of the world if steelmin dont repay loan, they had the option to extend anyway, no big deal, our interest payments get higher. Our share in the steelmin will also increase to 22%... im happy at these levels...

If you read the last financial results they said they may sell up Jupiter mining share and the steelmin... Certainly should be valued over 4.5m...

Why would rrr rns steelmin have signed note with Luxemburg company on 18th Jan if they were not confident of the payment... Even though they don't pay them it's an asset which is expected to commence production in mid March.. Get to keep 22% of steelmin and over £1.8m in interest, great deal...

Coffee cups Rrr, receives £500K per annum dividends from Jupiter, they will get 364K in share buy back from Jupiter so they have no issues. This one is cheap...

Steelmin is an excellent investment for us also, let's see. Rrr Certainly worth more than current value, over 2p...

You have to remember mkt cap 4.6m, our investment in Jupiter mines worth more than that, we have 25m shares. On top of that we get 500K in dividends every year..

Steelmin are expected to repay our loan by next Wed, if they don't then they can extend for 8 months this means more interest in our repayments, don't forget we retain 22% of their company also...

Jupiter are currently doing a buyback at 44c per share, we have over 25m shares in jupiter mines. When this ipo's in March, it will have mkt cap over a billion, company has no debt and making money...

Colin They can extend payment by another eight months if they want.. Jupiter mines investment from rrr is juicy.. rerate will happen shortly...

https://www.google.co.uk/amp/s/amp.afr.com/street-talk/big-six-consider-jupiter-mines-sale-for-ipo-20180122-h0mo85

Kaaba I don't think rrr will sell their stake for 44c per share, once Jupiter is admitted I believe it will surge further... current mkt cap of rrr is cheap, they are expected dividends by next Wed...

To get Barryroe into production? Im confident they can get a farminee for this proven field.

how long this exclusivity deal for? the majors have started drilling offshore again so that is positive. whats the cost to extract oil from irish sea per barrel, cant see why the likes of cairn and total can fund a wildcat in irish sea but ignore a proven field in barryroe...

Quiet day at aaog today..

There is a telephone number, cos I got it too...