Member Info for MrMagic

Notable in that link also that like so many other shameless ramp pieces, it fails to provide the full and important details. It just cherry picks a handful of good things and leaves out all the bad things. Can't personally assign it any credibility as a result. The $3m El Limon royalty for example. The article fails to mention that at the March 2017 quarterly revenue rate ($5148) it will take near 100 years to recoup just the first $2m !!! And as with all these kind of reports, no mention at all of the authority the company recently requested (and was granted) to issue up to 500m more shares here this year. Equally no mention in there of the many millions of options, warrants and Convrtible Loan Notes sitting in the wings to be exercised/converted: Warrants 8,333,333 exercisable at 0.90 pence expires - 03.09.2018 21,315,971 exercisable at 0.66 pence expires - 28.04.2018 97,023,801 exercisable at 0.84 pence expires - 13.11.2018 75,000,000 exercisable at 0.80 pence expires - 22.08.2018 20,000,000 exercisable at 2.20 pence expires - 20.06.2019 30,937,500 exercisable at 1.40 pence expires - 30.04.2019 7,812,500 exercisable at 1.60 pence expires - 20.12.2019 Convertible Loan Notes 10th Nov 2017 - �495,000 @ 0.8p 12th Dec 2017 - �215,000 @ 0.8p 14th Dec 2017 - �290,000 @ 0.8p The CLN's in totality would create 125m more shares, the warrants a further 260m shares (please check figures in case of error) The 21m warrants at 0.66p expire at end April so I have to assume that these will be exercised soon.

lol Helpful, where do you dredge this stuff up from?!!! Absolute comedy gold. This had me rolling on the floor: "RRR has not paid any real dividends to investors. This is unfortunate and the company would probably argue that they believe that the cash is better spent in further investment" Hahahahahahahahahahahahahahaha hahahahahahahahahahahahahahaha breathe . . . . hahahahahahahahahahahahahahaha

Thanks for the chuckle Helpful . . . Loved this part: "which serves as a quasi-guide as to where the stock may trade if and when it is relisted" Laughable. Notable also that we're starting to see the doubts creep in on the IPO score and the possibility of a Jupiter private sale again being a possibility, which of course it always was.

Hmmmm. Sharespot article says FULLY diluted share count would be 999m shares. Is that right?

So why don't the markets agree with you Maestro? Wracking my brains to think who is right here . . . On the one hand there's you, a newbie fly-by-night trader who's in at 0.9p levels and has been ramping this for weeks with sound bite after sound bite. On the other hand there's the entire stock market audience, all the London city boys, and all the PIs who have watched AB run this company for the past 5+ years, seen the dire performance, seen the confetti issued, seen how money is utilised and seen what kind of deals are struck. Tricky decision. Either Maestro is correct standing on his lone pedestal or the markets are correct. Hmmmmm

El Limon royalty has been pathetic. Last actual figures published by RRR via RNS stated $5148 for the quarter ending March 2017. At that rate it would take near 100 years to recoup just the first $2m of the 3% NSR royalty. Para believe they can up the production rate but as can be seen, even if they double that production we'd still be looking at 50 years to recoup the $2m. If they managed to quadruple that production rate we'd still be looking at 25 years to recoup the $2m. Will Para or RRR still be here in 25 years time?!!! Will any of the investors here still be around? We've had no further RNSs stating quarterly figures for either quarter end June, end Sep, end Dec 2017. Why not? In Para's last Annual Report for the 12 month period to 30 Sept 2017 Para had : Total Liabilities of CAN $24,686,118 and made a Loss of - CAN $(7,831,184) The following warning statement was in the report: "The Company has not yet generated income or cash flows from operations. As at September 30, 2017, the Company had an accumulated deficit of $14,269,779 (September 30, 2016 � $8,758,585). For the period ended September 30, 2017, the Company incurred a loss of $6,737,421 (September 30, 2016 - $1,905,547), had negative cash flow from operations amounting to $4,872,811 (September 30, 2016 � $2,326,754) and had a working capital deficit of $6,980,338 (September 30, 2016 - deficit of $5,393,442). The Company will require additional financing, through various means including but not limited to equity financing and cash flow generated from operations, to continue the exploration program and to meet its future option payment obligations and all its general and administrative costs. Management intends to raise additional necessary financing through the issuance of common shares and cash flow generated from operations. There is no assurance that the Company will be successful in raising the additional required funds." http://pararesourcesinc.com/wp-content/uploads/2016/04/PBR-FS-Q4-September-30-2017-Final.pdf

Robins is correct. I still hold copies of the market abusing posts of Briar a few years ago stating that he had certain information in writing. Not to be trusted.

Helpful - "I wouldn't be surprised if some warrants get exercised and are being pre-sold:" No brainer. The 21m warrants that can be exercised at 0.66p and which expire end April are certain to be exercised imo. Doubt they will want to wait until the last minute in the hopes that Jupiter will IPO by then.

booboo: "Steelmin did pay us back in full and almost on time but it didn't result in a SP rise."" If an SP rise is dependent on a debtor repaying a loan then things are pretty bad imo ! The SP will rise when AB manages to get a project up and running that delivers regular income of a significant quantity and stops issuing the confetti.

Helpful: "It is Align's business model to take shares and not to take cash." LMAO. Who wouldn't take shares in lieu of cash if they're issued at 30% discount to the prevailing SP !!! It's the usual stick 2 fingers up to existing shareholders by this BOD. Can everyone else get some 30% discounted shares if they agree to promote the company ???

Just lols So much for Align's "conviction stance" in being paid in shares. Nice 30% discount to prevailing SP. Mates rates.

zumore: "Bell raised over �1 million to repay back YA" Also, he presumably paid out that additional $100,000 to the "investors" as per the RNS statement below: "Investor to receive a potential earn out payment based on the value of the Company's JMS investment at the time of a trade sale or IPO of the Tshipi Manganese mine, the amount payable varying between $0 and $410k, with $100k payable if no such liquidity event occurs by 31 December 2017"

Pinman: "How much cash have we got now LOL" Well RRR had �9m in cash from multiple raisings in 2013, 2014 and 2015. Can you tell me where that �9m is? Where did it go? How come the company now has an MCAP much less than that? What shareholder value did it create? This constant reference to cash coming in is for me, just silly. It's what the BOD do with available cash that matters and not a single ramper over the past 2 years has been able to explain to me what value was added by that �9m raised. You see the problem is that cash coming into the company coffers never equates to cash into shareholders pockets. No dividend is ever paid here. Even with Tshipi throwing off cash to its shareholders, and Jupiter in turn throwing off cash to its shareholders, that's where the buck stops. RRR did not in turn throw off cash to its own shareholders. What you call "spew" posts are simply the factual telling of the company's past actions and results. I'm sure as you say Steelmin will get into production though whether it happens in April is yet to be seen. What's important is what the levels of production are, what the production costs are (all of them) and thus what level of revenue RRR achieve as a result. Nothing spewy or sinister in that, just plain old common sense.

Maestro : 30th Jan : "Steelmin will begin production in March" Maestro : 5th Feb : "Steelmin are very close to production" Maestro : 21st Feb "Steelmin will go in production in April" Just an observation but it seems to me you don't learn from the past. Even if Steelmin start production in April (the latest guesstimate which I treat with the usual huge pinch of salt) it will be many weeks later before we get any actual meaningful figures. Common sense tells you that the plant needs to be up and running for a sustained period of time before you can garner any solid numbers on production rates, production costs, profits etc. You presumably don't remember the Shoats Creek debarcle because you're a newbie here and you're keen to cover your ears when people try to highlight the history here. The Shoats Creek venture was accompanied by the usual lashings of shameless rampers all trying to furthe rtheir positions. We had RNSs about the well being TESTED at over 300 bopd. Rampers wents into overdrive but only naive mugpunters fell for the sound bites. There was more or less a news blackout afterward whilst investors waited patiently for proper production figures. It took months and eventually the RNS came out with the, by then, expected bad news. Only 100 bopd being produced which soon fell to just 70 bopd and then ceased altogether when the oil well suffered sand ingression. History IS a good teacher. It teaches you to push aside all the nonsense hopes/expectation targets, all the chirpy ramping rhetoric and to wait for real actual published results. It would be wise imo to do the same for Steelmin now. Wait to see if production does start in April or if it slips for a 3rd time. Wait to see what levels of production are achieved and so on. Just my view nothing more. Great that Steelmin repaid their loan.

Bottom line old bean is that if these "high net worth" investors truly believed in the company and it's future success then they would have simply bought shares at prevailing price or even funded a placing at a premium. The terms of those �1,000,000 worth of CLNs suggests the HNW investors were far from confident imo.

Okenia : "Those of us who took out CLNs took on a big risk at 0.8p." Hahahaha you jest surely ! CLNs issued at 0.8p with a 10% interest rate accruing monthly AND with warrants thrown in to boot ! You could just sit on the notes and reap the interest ! Were ordinary PIs given the chance to buy shares with a 10% interest rate and warrants ? Do the mugpunters buying today at 1p get free warrants? Sorry but I don't feel inclined to pay 1p+ for shares to give "high net worth" investors and warrant holders a quick free profit.

Yep but the key thing there is the CLN participants agreed the 0.8p price. Nothing material has changed since those CLNs were issued imo, the back to back deal was known and expected to complete. So why would I as a punter pay more than 0.8p for shares when all those "high net worth" investors got their CLNs at 0.8p. I should coco !

I would think the holders of the 21,315,971 warrants exercisable at 0.66 pence would deem this a suitable day to flip. They only have 2 months left before they expire. Maybe those at 0.8p and 0.84p as well, but depends if that's enough profit for them

Not just the CLNs to think about but also the millions of warrants previously issued: 8,333,333 exercisable at 0.90 pence - expires 03.09.2018 21,315,971 exercisable at 0.66 pence - expires 28.04.2018 97,023,801 exercisable at 0.84 pence - expires 13.11.2018 75,000,000 exercisable at 0.80 pence - expires 22.08.2018 I guess we may well see some RNSs this week saying holders have converted some of these.

Punters breathe a huge sigh of relief ! Repayment removes a huge risk. A good result for PIs. This said, what was originally a straight back to back deal, money out, money in, has turned out to be something quite different. The rampers are waxing lyrical about the cash in the bank but in a back to back deal there shouldn't be any. So why is there ? Because AB already issued 3 tranches of CLNs with attached warrants to pay down the Yorkville loan. In effect those chirping today are celebrating a placing (or the equivalent) which on the face of it is rather silly. There are now CLNs at 0.8p for �495,000, �215,000 and �290,000 i.e �1,000,000 worth of CLNs @ 0.8p waiting in the wings and with attached warrants to boot. Thus celebrations of there being �976k in the coffers are somewhat misplaced imo. But hats off to AB. He has managed to present a simple back to back deal and yet managed to get a �1,000,000 of convertible loan notes away. The BOD as ever are in clover. I wonder if those CLNs will now be cancelled ? Haha, not on your life boy imo!