RRR : Elephant in the Room4 Jul 2024 11:54
Although the above title is a hard one to tackle, one has to come to grips with the folks that are "DISGRUNTLED" on this forum relating to RRR shares.
I can only speak from my own experience so I will share: I DON'T know about RRR in the past and what MADE FOLKS buy at the time. I bought in more recent times on the RRR RNS about DRC Arbitration Award of $10m before expenses. Yes, I did like the potential sky blue Musoni copper/cobalt JV 50.1% asset lost as that could go to international arbitration as mentioned even by the Financial Year end last accounts.
When that did NOT EVENTUATED yet, I had to think whether to EXIT but I am a considered person so Helpful was kind enough to help out when I asked him about the other project. With that I could RESEARCH more into the African projects to see if there was any NAV value in them that the market could rate as norm.
IF, I HAD NOT RESEARCHED into RRR Australia 50.1% JV, I may not have remained. WHY? Theory of funds & hedge funds is NOT to wait until a stock GOES TO 90-99% LOSS BEFORE SELLING. Why? Theory says, per Rick Rule as well: WE NEED TO REMAIN IN THE GAME. The recent interview with Rick Rule and Sean Wade, CEO of PoW at a conference in London , he said that others have jobs but this STOCK MARKET BIZ IS HIS JOB. Ah so, in other words, IF his stock go down from early days, that is IT, timed out so that is what he mean , we need to remain in the game. This is true OF ALL FUNDS who invested the Public Joe/Jane's pension money.
Isnt that obvious but here on this forum, folks are saying they LOST MORE THAN 90%? How? EVEN BASIC CHARTING ON TRENDS ie THE TREND IS YOUR FRIEND must have not occurred? That is rule 1 , folks and every trader on London South East knows. Many legends say that once LOSS is 90-100% , loss can be REGAINED.
So, AimDogs appears to not know the above theory otherwise he/she would not have said I AVERAGED DOWN when that was only Talkinto's presumption. The above applies.
Last elephant in the room. Paul Johnson bought at the RIGHT time and he was in the RIGHT place. I think one has to ask oneself about one's Life and that is all I am going to say. It is not from a lack of capital either as with only US$500, one young boy recently put into oppies and he made millions. FOR CLARITY, I am not the type to BUY BIG. Why? Ah, buy big, can lose big. Hence, why I try to go for multiples. As for PROVIDENCE FOLKS, who can tell as that is one's life, isnt it? So, today, it is PROVIDENCE that I am here at RRR and DL posted the RNS from SXG and their shares ROSE 7%+ to now A$508m+ on just drilling, NO JORC, NO MINING and maybe more rights issue or placing to come as they have also NO INCOME. DYOR, NIA. News, 4.7.24.