RE: RRR re-tweeted A.Bell, Chairman interview with Stockbox, 9 May 2024.30 May 2024 14:47
Simple English: RRR of yesteryear is of NO concern now for new shareholders of RRR. Every seasoned investor knows that for a smallish cap, any project can change any co. AIM has lots of such co's like GGP who failed at Ernest Giles but went on the the Tier 1 Havieron, W.A and Solgold also failed in Papau New Guinea but went on to Ecuador with a Tier 1 with 3 digit mkt cap. As I said, as a Canadian you are trying to figure out AIM ? In particular, RRR did not DO worse if one looks at the official statistics and this is NOT convenient to the naysayers. Any one NOT happy with progress in RRR or ANY other stock can sell. DRC -litigation is a long process & AVZ of the ASX is also going thru international arbitration which takes a considerable time as well. For those who lost money & disgruntled, they can take a CLASS ACTION against RRR but as I said, the defence will be the official statistics. Whether, RRR could do better years ago is NO longer the issue as that is now history. NO CO 's valuation takes in yesteryear. Lloyds Bank was once 10p+ and said to be uninvestable per the industry due to the 2008 crisis etc. Today, Lloyds is 55p, Mkt Cap £35bn. ===RRR was 0.25p and went to 23p in 2010, at the time of the all time high for gold - Paul Johnson tweeted this recently. Paul made a LIFE-CHANGING $$ from RRR and went on with A.Bell, Chairman of RRR to restructure GGP and that was another great success ie 0.10p to 42. ==RIGHT TIME, RIGHT PLACE===WHO IS TO BLAME?== I think it is hard to communicate to someone in Canada such as yourself about the whole of life/biz/stocks in Britain. Nike1980 understood my posts as everyone knows this to be correct due to GGP & Solg who went from 0 project to 3 digit million mkt cap. The stuff of legends and to this hall of fame comes RRR per Paul's latest tweet. So, who CAN say, can or cannot? Time will tell isnt it? Isnt it also DONE TO OWE'S OWN life ? How did Paul fall into RRR at the RIGHT TIME, RIGHT PLACE, RIGHT GOLD BOOM in 2010. He could have seen many stocks and not have chosen RRR ISNT IT? So, for BALANCE, one must RECORD both sides of RRR history and if anyone wants to check just type Google Finance RRR share price and press MAXIMUM chart history & it will evidence this. Thank you. News, Thur, 30.5.24 No time to edit as got to run. Helpful-thanks for the link. Had a look at Victoria, Oz of which it appears that it is CONVERGING down to Sunday Creek & RRR 100% Kilmore ie trend? I will have to check when I get in.
Not happy, one can sell any stock, hold etc. All decisions up to self.