RRR: This forum's composition20 Jun 2024 00:53
I am told that many on this forum NEVER INVESTED in RRR but rather legacy holders of RGM which has nothing to do with RRR ie the assets. It has been a very fruitful night of convo with THEEEDUKE, a jockey per his account on this forum late tonight when the mkts are closed and no one here. Theeeeduke himself revealed without being asked that he is 43 years old. All jockeys know that for any loss be, it in horses, stocks, one knows that there are NO GUARANTEES and it is gambling unless one is skilled in stocks, as in qualified and experienced in that sector. It is unusual for anyone aged 43 yrs old, a jockey that does not know that one wins and one loses at be it horses or poker as Duke mentioned himself.
SO, LOOKING AT THIS FORUM'S COMPOSITION, it is a no wonder that NONE are qualified in Business Finance and the rest of it which is the pre-requisite that one must know before getting into stocks. Especially, one must be good AT understanding geology , grades, metallurgy etc if one wants to invest in RESOURCE STOCKS. But here, this forum is made up of a bevy of people who are LEGACY holders, some say but they are "disgruntled" per the resident due to RRR.
Most of all , one must know the rules of the game ie formal rules and also have skill in VALUATION. So, with due respect, that unless folks here are ANALYSTS with experience in the top mining investment houses, then they have invested without the requisite skills, qual and experience. However, I note Maidit308 is rather familiar with valuations and this per Maid has been gleaned from many years in the stock market and round the rodeo many times LoL. I think I recall Maid said he had some 25 years of experience.
Well, Paul Johnson bought RRR when he was working and only had some £12,000+ in savings and from that investment in RRR it went to his first "fortune". Fortune is what is quite a lot of money to each person's idea of fortune. Paul said RRR went from 0.25p to 23p and Align Research said RRR went from 1p to 25p. So, at the time, the assets must have been the cornerstone of its success. So, yes, it is on ASSETS.
I think, for me, it has been an EYE OPENER. Why? I now finally realise that those who lost in x or y either got in at the wrong time or sat until it returned to mean. As I said, a mining analyst was interviewed specially on this site and she warned that in a commodity downturn and bear market, junior explorers CAN LOSE up to 90%+ and that is from statistics. So, I viewed the video as it was on the top of every forum and one cannot say that this site did not help everyone out.
So, I will now take it easy and I wonder what Mr Bell will now say if he is told of the convo tonight on this forum and the conclusions? After all, Mr Bell was a mining analyst and he knows the SAME RULES of the stock market in junior stocks as many of us do. Interesting. With that, it does show. As they say, it is best one sticks to something one is good at rather than try stock picking et