Member Info for MrMagic

Helpful - "For the confused: RRR . . . is owed a royalty."

lols

And at the last reported royalty revenue rate of a paltry $13,658 for the March 2018 quarter one can do some simple maths and realise that it's going to take RRR a colossal 37 YEARS just to recoup the first $2m of that royalty (3% NSR) and a further 100 YEARS to recoup the final $1m (0.5% NSR)

Utterly laughable imo

Of course Para "forecast" that things will get better, production rates better etc etc. Believe what you will. DYOR.

cgull: "It is obvious that were there any good news it would have been shouted from the rooftops during the day by now. It is my opinion that there are going to be some dreadful revelations in the accounts"

Can't help but agree. No reason at all to delay annual reports imo. Good news would have been released ages ago imo. When the report is published I think we'll then understand why Bambos has been so desperate to pump this crock. Wonder how many shares he needs to shift?

Showing 8% down above yet only 5 small trades showig in the list. I guess there are trades going on in the background which will be reported in due course. Seem few believe the ramping hype here any more and for good reason imo.

At Jupiter's relisting in April the JMS shares were AUD 0.40

RRR's holding of 18.5m shares was worth over £4m.

Since then the Jupiter SP has simply tanked and tanked and continues to do so.

Today the Bid price is AUD 0.24

Today RRR's holding is worth approx £2.5m

That's a full £1.5m of value wiped off the shares. MCAP here is only £3m so that kind of value loss is significant imo. The shares give us a dividend but shareholders here don't see a penny of it.

Had AB sold the 18.5m holding when Jupiter relisted at 40c for that £4m, they could now buy back Jupiter shares at AUD 0.245 and have 29m !!

Unfortunately AB agreed for the shares to be locked away in an escrow agreement so we can only sit and watch whilst their value drips relentlessy away. AB has form in this respect having previously sat and watched the majority of RRR's former 74m share holding drip away to nothing and then selling for a pittance. Not really how shareholders want to see "investments" managed imo. As AB has a board position at Jupiter it seems highly unlikely that he would sell the shares, after all how would that look to the markets ?!

Shameless Ramper: "Note some of these paid de-rampers wont be posting over XMAS "

Please please please point out to me the moronic businesses who would actually pay someone to deramp a company that by it's own actions and behaviours results in utter SP destruction !

The entire concept of a paid deramper either of RRR or RGM is absolutely farcical. It's like saying you would pay Corbyn to highlight all of the failings of the Conservative's !

If that's the best you boiler room rampers have got God help you !

I tend to personally believe that Bambos has been desperately trying to sell his shares whilst ramping like a goodun for weeks. I suspect the Annual Report will reveal much.

Bimbo: "Nice timely buy!!! "

LMAO. 1.3m bought yesterday for 0.35p. Today the Bid price is 0.30p. 14% down in 24 hrs !!

Yep great timing !

Still no Annual Report posted. Can't help but feel it's gonna be a classic

According to the header above ! Not looking good. Is the Annual Report finally about to be released?! Or some bad news?

@Richie @Helpful

I never suggested anything else. I simply put up the RNS info which is that Steelmin have gained authority to issue 6,200,000,000 shares. Sure they may never use it, they may only use a part of it, who knows. The thing is they clearly wanted the authority to be able to issue all those shares so they must have had reasons.

Your speculations about "earnings or value accretive" are simply that, speculations. We could equally speculate that given Steelmin owe large amounts to that Luxembourg Investment Vehicle and other lenders and given they currently can't operate at a profit, they might be intending to confetti their way out of the debt. Shares for cash. Whether that would end up diluting RRR's 22% holding is something we won't know until/unless it happens.
All speculation. It is what it is. DYOR

Notable imo that the Annual Report has still not been published. Previous publications came out on:

29 Nov 2017
07 Dec 2017
23 Nov 2015
21 Nov 2014
02 Dec 2013

It is currently the 17th Dec !

Hard to not assume there is bad news coming imo but that's my personal scepticism.

Just noted Steelmins "RNS" of 4th Dec here:

https://beta.companieshouse.gov.uk/company/07734349/filing-history/UjdKUTcxRkVhZGlxemtjeA/document?format=pdf&download=0

"Directors . . . unconditionally authorised to allot and issue 6,200,000,000 ordinary shares"

There are currently 3.9bn in issue

RRR have approx. 861m shares in Steelmin (22%)

What impact will the issue of 6.2 billion shares have on RRR's holding?!

Not been a particularly good run for the Cochranes imo looking thru their holdings RNSs.

First RNS Dec 17 showed a 4.09% holding of 20.3m shares when the SP was 0.625p

In Jun they upped that to 5.037% (27m shares) when the SP was 0.875p

Then Sep started selling, down to 4.664% (25m shares) when SP was 0.69p

Then Oct down to 3.5447% (19m shares) when SP was 0.60p

And now Dec down to 2.75% (14.7m shares) when SP was 0.65p

I guess it was a punt which didn't quite come off.

I wonder if the recent Annual Report has had an effect, confirming that Shoats Creek is being written off, Greenland sold for £1, Admin over £800,000 pa and a $400,000 investment with Amulet Diamonds done back in July which wasn't RNSd to the markets. Or perhaps it was the failure at Steelmin who currently can't operate at a profit.

Will be interesting to see if they continue to sell the remaining holding and if so, what price they get.

Jupiter SP continues its relentless fall. From 40c at the relist in April it has simply tanked. Bid price is now 26c.

RRR's Jupiter shares are locked in escrow until next year (likely until June imo).

Bambos: "I anticipate an exciting journey in 2019 as coal will put the financials on a surer footing"

lol

Your continual posting of silly sound bites indicates you have no confidence at all here and are desperate to palm off your shares on some unsuspecting punter. . . . imo.

Next RNS will imo be the Annual Report.

Recent report at RRR was poor and very revealing. Showed that Admin expenditure had risen staggeringly to more than £800,000 a year. The previous Half Year report had suggested it was only £600,000 pa.

Here at RGM the Half Year report put Admin at equiv of £515,030 a year. Will be interesting to see if the Annual Report shows it much higher.

Both RRR and RGM suffer from the same problem which is the BOD and their continual massive expenditure of precious shareholder cash on Admin and other expenses. That tends to eat up any sparse income that comes in.
A poor situation for sharehodlers imo. BOD need to be swapped out in both companies imo. Up to the large shareholders to make it happen. At the very least they could force the BOD to buy more and more shares to defend their positions and then they would be increasingly in the same boat as PIs in both companies who have to suffer the SP devastation that their actions result in.

Sells still coming in it seems. Lots of large round sells in the list, 250,000 etc.

It's been the same over at RGM for a while too.

Zu: "Have you committed yourself to an RGM placing and you don't like the downward direction this share price is heading? "

This suggestion seems far more likely. Bambos has ramped this pile since this time last year as the SP has been destroyed from 0.6p levels down to 0.3p levels. He is utterly useless as any kind of guide on the future movements of this share. Your placing theory is an interesting one. No reason to rush into any investment decisions now that I can see. Annual Report and AGM to get through first. Might as well wait to see what they have to say. Could swing things significantly. RRR just released their Annual Report and it was pretty dire imo and revealed that the BOD made a $400,000 deal with Amulet Diamonds back in July which they hadn't RNSs to the markets. Didn't go down very well imo.

I wonder if RGM's Annual Report will be just as interesting? Perhaps that's what Bambos fears.

Bambos, making up stories about short positions is clear market abuse. I have no doubts that Admin will dutifully remove your post(s).

You've called this share incredibly badly wrong for the past year and who knows how many hapless PIs believed your ridiculous spiel and lost money. Hope FCA are looking in here.

Some brief examples of Bambos continued ramping over the past year as the share price is slowly destroyed :

20 Oct 17 - SP 0.60 - "Watch RGM over thr next few sessions. Bought more today and delighted. News is imminent"

16 May 18 - SP 0.525 - "This is ready for the next push upwards!! Agree with Korgs. About to see some price action north!"

08 Jun 18 - SP 0.525 - "the share price is ridiculously low and the outlook is VERY bullish."

27 Jul 18 - SP 0.55 - "Value will be unlocked. Watch the Regency auction room for shares ... Ha.. It's happening folks"

20 Sep 18 - SP 0.425 - "Expecting things to improve. Very cheap entry!"

01 Oct 18 - SP 0.375 - "the discerning PI is now buying RGM.. Very cheap indeed"

12 Oct 18 - SP 0.325 - "The low share price is a massive BUY opportunity as entry now will reap the rewards once the market turns"

12 Oct 18 - SP 0.325 - "Thinks are hotting up.... BOOOOOOM!... share price will do very well from here!"

You can interpret what you like from the above but one thing is sure, Bambos has called this badly wrong for the past 12 months. Anyone who followed his advice without research is probably staring at losses. Luckily I am immune to this kind of shameless boiler room style rhetoric.

Share has tanked massively today and the shysters are still trying to pump it. Be sure to DYOR and don't listen to the shameless rampsters imo.