Member Info for MrMagic

But the comedy value from pathetic rampers is worth coming for the entertainment value alone !

Just a reminder of why the things you list don't have the fantasy value you assign to them:

Annual report results since 2012:

Total Losses incurred - £39,792,939
Total Cash Raised - £16,326,957
Total frittered on Admin - £12,770,280

Some 75% of available cash gets frittered away on director salaries and admin. That's why your persistent attempts to play the "sum of the parts" sleight of hand trick is utter BS. JMS shares are worth their current face value on the TXS LESS 75% which Bell & Co will expend on Admin once they are cashed in. Bell already pawned off 1.5 million of them last year presumably to pay salaries and admin (sadly he didn't RNS the event so shareholders were left to guess).

I confess I don't think I've seen a more utterly desperate locked in punter as yourself in all the time I've followed RRR and there have been a great many come and gone with their tails between their legs. Many of them fairly significant holders of 13% or more, nothing like your paltry holding.

Always good to get the view from the horse's mouth of such real investors like this one from former 13% holder Daniel Sklan:

"After holding RRR shares for a considerable number of years and seeing my holding drop from over 13% to under 2% and value drop by over 90% due to the constant “fund raising” and issuing of new shares; I have finally had enough and sold all my shares. Let’s be honest - doesn’t matter how much money RRR receives it will always disappear paying "misc. expenses", directors salaries and investing in white elephants; sorry I meant Elephant Oil and various other ridiculous investments. I simply can’t understand how a business manages to plough through so much money with so little to show for it."

https://www.lse.co.uk/profiles/d_s_/

Pump and dump or another placing clearly on the way here imo going by your desperate posts.

I'll continue to give this POS a very wide berth.

DYOR

Showing 14% up on LSE but showing spread as 18% !!!

Just laughable

Staying very well clear of this POS

DYOR

There's nothing to make it any kind of big deal. As stated before no-one was remotely interested in Migori whilst they actually had the license. It was going nowhere and I'm afraid Helpful you simply can't dupe those of us who were listening to the open RRR public conference call a few years back when a director of Migori actually jumped on the call unplanned and asked AB what the hell was going on. That revelation exposed the total lack of "partnership" and how stagnant the project/relationship was imo.

Nobody thought of the Kenya project as being worth £millions even whilst they had the license. The company was still posting yearly losses and still utterly decimating the share price through brutal dilution of existing shareholders. Your desperate attempts to groom naïve punters into thinking something miraculous will happen if/when they ever get another license awarded is just embarrassing now and rather despicable.

You've tried the same BS with numerous other projects. You ramped Steelmin for ages until it eventually went into administration. You ramped the Shoats Creek project until that collapsed as another laughable failure.

In the end you are desperately locked in here owning many of the £1m outstanding Convertible Loan Notes and you desperately need the SP to get up to your 0.6p conversion price in order to bail out. Bell will be back out with the placing begging bowl soon enough imo and the SP will just continue its regular journey southward. You should have gotten rid of the BOD when you had the chance but you made excuses saying he was the man to get the Kenya job done and that was close to a year ago. More fool you.

If you're happy being locked in here then sit back and wait for your profits to come in but please stop trying to dupe everyone else into this utter POS

DYOR

Not looking good here imo

https://i.postimg.cc/HsjXvFfQ/RGMDownward-Trend.png

https://i.postimg.cc/L5xZNbkx/RGMSPDecimation.png

How soon the next batch of worthless placing shares?

DYOR

Diary of a desperate ramper

Helpful has been desperately ramping an "imminent" Migori license for around 21 months now !

Posted by Helpful:

Oct 2018 - "What does priority mean? It means that RRR's application gets considered before anyone else's: see section 56."
Nov 2018 - "We can't be too far off them confirming things on DRC, Migori and Steelmin."
Nov 2018 - "we are due imminently news on the license at Migori"
Nov 2018 - "it has resolved the issues with Migori and is expecting the licenses back any day"
Feb 2019 - "I expect the Migori license back shortly and that will fund the further work needed on the licenses"
Feb 2019 - " he [AB] is expecting to get the license back for Migori anytime now."
Mar 2019 - "The CLNs will be looking very healthy shortly. Get Migori sorted and a bid for Musonoi and AB will be a hero again!"
Mar 2019 - "So when Migori is written back up it will result in a positive P&L account but have no effect on the cash position"
Mar 2019 - "my view is that Migori is worth about £10mil once we get the license back."
Mar 2019 - "we will likely get Migori back in the next few weeks"
Apr 2019 - "Two big steps coming up: get the Migori license back and execute the JV"
Apr 2019 - "The short term play is to get Migori back, sell it"
May 2019 - "Migori must be getting close now"
May 2019 - "We are due something from any of the following soon: News on Migori license"
Jun 2019 - "Migori - I anticipate a lot of progress here over the next two months"
Jul 2019 - "I expect the Migori license to be forthcoming"
Jul 2019 - "Fingers very crossed we should get the Migori license very shortly"
Aug 2019 - "fingers crossed for getting the Migori license back soon"
Aug 2019 - "It sounds to me that AB thinks Migori is nearly sorted.. "
Sep 2019 - "Anyway, hopefully AB gets this Migori license sorted out soon."
Oct 2019 - "We are on the last leg of getting the license(s) back on Migori"
Oct 2019 - "In the meantime we await the final piece of the jigsaw on Migori."
Dec 2019 - "In the meantime we await the final piece of the jigsaw on Migori."
Dec 2019 - "Migori is very close but it has been close for a while."
Jan 2020 - "When the Migori license gets issued is in the control of the Kenyans. All RRR can do is meet all the requirements for the license to be issued"
Feb 2020 - "I am expecting that the company will eventually deal with Migori"

It gets so very old. If the license is re-issued Helpful will then continue to claim that it is worth £millions to RRR and hope thereby to ramp a spike here so he can exit his CLNs which have had his money tied up for 2 and a half years. I won't be sucked in. Will you?

Desperate stuff

DYOR

It won't matter one jot whether licenses are restored or not. Nobody was remotely interested in Migori before the license got revoked so getting another one awarded would just restore that position. Your utterly desperate hope to try and pump this angle by way of trying to get the SP up to your CLN conversion price (0.6p) is just embarrassing and laughable.

You're never going to convert your CLNs here. You've had to sit on them for 3 years now and come December they will likely be rolled over again for a forth year. This is a total sucker share. Endlessly issuing worthless confetti shares and spending the proceeds on director salaries and Admin. As highlighted by the Annual Reports here:

ANNUAL REPORT RESULTS

2012 - Loss of £1,962,882 --- Cash raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 -- Cash raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 --- Cash raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 --- Cash raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 ----- Cash raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 --- Cash raised £300,000 --- Admin £644,688
2018 - Profit £78,120 ------- Cash raised £421,668 --- Admin £849,518
2019 - Loss of £1,723,881 --- Cash raised £853,089 --- Admin £591,777

Total Losses above - £39,792,939
Total Cash Raised - £16,326,957
Total Admin - £12,770,280

Just look how much cash is syphoned away in Admin. It is utterly preposterous. Hence absolutely zero shareholder value to be had and hence the SP will always sink further and further southward. Next worthless placing can't be far off imo

DYOR

Duke is quite right. All Bell placings come with attached warrants. It's been the case at RRR for years. The SP never ever comes close to the warrant exercise price. Constant dilution and issuing of confetti shares simply sees the SP go lower and lower. These are for me sucker shares.

Half Year Report Results here:

Loss incurred - £256k
Revenue - zero
Operating Expenses - £316k (equiv to £632k per year)
Cash - £289k
Liabilities - £123k

The company also stated:

"Although the Group's assets are not generating revenues, an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report"

So they are already saying they will make a loss in the next 12 months !!. It has been the same at Bell's other companies RRR and RGM. Losses incurred there every year and untold £millions expended on director salaries and Admin which serves to suck away all value in the share. These are for me lifestyle outfits for Bell's personal enrichment. Confetti generating machines predicated on "jam tomorrow" dreams which naïve punters fall for. Thankfully I am not that naïve punter any more.

DYOR

The usual desperate stuff from ramper Bambos

Share has lost over 73% since Christmas. Shares in issue more than doubled in just 6 months and as night follows day more and more confetti shares will be issued. Can't imagine there are many mugs left to fall for old song and dance routine now.

The charts don't lie:
https://i.postimg.cc/L5xZNbkx/RGMSPDecimation.png

Doesn't look good does it CDF.

The SP here is 77% since December when Parsons & Co added over 7 billion shares to the 1.5 billion in issue and then consolidated on 1 colossal 1-100 basis. Second time these toxic shares have been consolidated ! Nominal share value was also lowered from 0.1p to 0.01p so dilution could continue.

Even post consolidation in Dec, when the shares in issue were then 86m and the SP 3.5p Parsons & Co have, within just 6 months of operation, managed to decimate the SP down to 0.7p-0.8p levels and increase the share issue to 190m (more than double!).

I have no sympathy with those who bought shares from Dec all the way to today's depressed SP. This kind of SP decimation has been the track record of the company for years, just endless dilution and £millions wasted on salaries and Admin. The simplest bit of research into the Annual Report results is enough to tell anyone how this company rolls. Anyone who believes the BS ramping sound bites from Twitter stooges and here simply deserves to lose their money.

Even despite a recent lift the SP here has simply collapsed again and remains 77% down since Christmas and there is no doubt in my own mind that the SP is heading back to 0.7p levels and will then drop lower from there. No-one likes sitting on paper losses of course but in AIM lifestyle tiddlers that perpetually engage in confetti share issues, doing so is catastrophic imo. The longer you hold on, the more chance of running into the next batch of dilution. A never ending downward spiral.

A quick look at the charts below for 1 month, one year and 3 years shows the constant downward trend caused by the business model here.

https://postimg.cc/ZvyRqjMN

Each to their own as always. For myself, I'll be steering very clear of this

DYOR

How're those El Limon royalty figures coming Stephen? You seem to be struggling to post them up.

Will you be participating in the inevitable confetti issue?

You consider posting the Interim Report figures or other facts as "deramping"?

Interesting. So what you're saying is the company effectively deramps itself!

Same old same old

Loss incurred - £256k
Revenue - zero
Operating Expenses - £316k (equiv to £632k per year)
Cash - £289k
Liabilities - £123k

"Although the Group's assets are not generating revenues, an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report"

Just lols

Get pumping Stout, it's gonna need it !!!

DYOR

goneawol - "Expecting an explorer to have revenue is certainly contrarian"

RRR, exploring since 2004 - still no sustainable revenue 15 yrs later
RGM, exploring since 2004 - still no sustainable revenue 15 yrs later

POW?

Bell's MO is too well established imo. Only the naïve believe the jam tomorrow BS. Lifestyle outfits imo.

DYOR

Do you have anything to offer here other than silly sound bites?

Can you put forward any kind of investment case here give the lack of revenue, high expenditure on expenses and placings?

DYOR

Haha so Stout couldn't/wouldn't tell readers here what revenue exists with POW

Nuff said

I see poster Stout cut/pasted a couple of old and long RNSs to push contrarian posts off the page here. Standard boiler room style ramping practice. Confirmed what I already knew.

So perhaps poster Stout could highlight what revenue exists here please by way of readers understanding any investment case

Thanks, yes I have done my research and am very well versed in Bell's Modus Operandi with RRR and RGM.

Here's his dire performance with RRR:

2012 - Loss of £1,962,882 --- Cash raised £4,441,844 - Admin £2,275,786
2013 - Loss of £22,105,562 -- Cash raised £4,103,795 - Admin £4,751,948
2014 - Loss of £4,113,460 --- Cash raised £2,723,861 - Admin £1,563,808
2015 - Loss of £8,411,541 --- Cash raised £2,327,377 - Admin £1,334,404
2016 - Loss of £283,280 ----- Cash raised £1,155,323 - Admin £758,351
2017 - Loss of £1,114,213 --- Cash raised £300,000 --- Admin £644,688
2018 - Profit £78,120 ------- Cash raised £421,668 --- Admin £849,518
2019 - Loss of £1,723,881 --- Cash raised £853,089 --- Admin £591,777

Total Losses above - £39,792,939
Total Cash Raised - £16,326,957
Total Admin - £12,770,280

Here's his dire performance with RGM:

2012 - Loss of £2,112,350 - Cash raised £907,090 ---Admin £1,091,108
2013 - Loss of £5,166,017 - Cash raised £3,327,678 - Admin £1,224,013
2014 - Loss of £1,508,812 - Cash raised £1,212,805 - Admin £881,947
2015 - Loss of £5,888,742 - Cash raised £1,049,765 - Admin £964,761
2016 - Loss of £1,965,722 - Cash raised £781,595 --- Admin £594,733
2017 - Loss of £534,267 --- Cash raised £1,576,701 - Admin £414,943
2018 - Loss of £1,549,619 - Cash raised £1,150,000 - Admin £735,697
2019 - Loss of £2,607,978 - Cash raised £240,000 --- Admin £652,918

Total Losses above - £21,333,507
Total Cash raised - £10,245,634
Total Admin above - £6,560,120

In both cases just look at the £millions raised by confetti placings and the amounts expended on Admin. Pretty preposterous. I have no reason to believe things will be any different here TBH and the recent Annual Report suggests to me that POW is more of the same.

DYOR

Stout - "It is a waiting game IMO"

No. As I said before, sitting holding shares in companies that have little to no income and which generate much of their cash via placings is a recipe for disaster imo. Just a matter of time before the next confetti placing happens imo. Believe what you will of course.

DYOR

Stout - "Buy, and sit on your hands! Wait Wait and Wait! Announcements will come IMO"

I learned a long time ago that sitting and waiting with Bell's shares is a recipe for disaster as it inevitably means you will run into the next batch of confetti placing shares.

A quick look at the annual report here shows me that everything is on par with his other failed companies RRR and RGM

Little to no revenue
High expenditure on Admin/Expenses
Losses posted every year

Report said they posted a loss of £1.5m and Operating Expenses were £668K

Pretty typical stuff. Hence I personally give this a big avoid.

DYOR