RE: RRR: DRC $10m award & several millions-Australia Gold-Kenya etc per RNS, 28.3.24 @1/2 yr a/cs.29 Mar 2024 11:33
A more considered post from you, Theeeeduke - rationale is accepted. I cannot judge what happened. But this I know -many just look at chat and just jump in. What type of chat? The old type that used to be posted on many websites eg the word "b....m" , "get in" etc. Why? People were not able to read or did not bother to read RNS's and what they mean. You have NOT confirmed what Helpful said ie you told Mr Bell, you sold your house etc to buy into RRR!!! If anyone telephoned me, I would CHECK the Registry first as this is the 1st port of call. It is not about believing or not believing but rather corporate rules dictate check. If it is found, it is true, then very sad to hear. Why? Stocks like RRR must NEVER form any HIGH % of one's portfolio. Why? There used to be a website [financial] that cited Beta Risk rating and how volatile a particular stock is. THE GREATER THE RISK, the SMALLER must be in investment buy in. Hence, why AIM stocks are NOT the mainstay of any HNW but rather a small % and that is RULE 101. SO, ALL IN , TO 1 STOCK, MAY BE AKIN TO PLACING BLACK ON ROULETTE and statistics teaches one , the chances may be 50-50 but the over-riding rule is that the HOUSE has the advantage. Whilst NO ONE on this forum who has lost ACCEPTS OilPlayer's listing of 44 AIM junior miners that lost 80% in the COMMODITY BEAR YEARS is at liberty to do so, but STATISTICS of REAL TIME LIVE PRICES ARE --FACT. I check the ETF of JUNIOR MINERS and it is also the same. Paul Johnson is tweeting about the bear yrs as well. He said he experienced it in the past. Mr Bell may be aware of the COST OF LIVING expense situation and also a TV presenter said that her husband's cost of care came to £16,000 a year and she is in debt to £1.6m. How does she pay it back? Bearing this in mind, it is hoped that Mr Bell will now use NEW SKILLS or engage skills of the type to now TAKE ADVANTAGE of the UPTURN in record prices of gold and Americans expect their gold stocks to also rise now , following such a strong rise in SGE. UBS has also put out pieces on gold etc. Lastly, the BIGGEST CRITIC has been SILENT on RRR, post yesterday's RNS of 1/2 yr results. NOTHING ON THE BLOG AS WELL. In fact, he wished A.Bell a Happy Easter. Make that what you will but this is a former fund mgr. So, cant say he does not know how to EVALUATE stocks ie GENERAL PRINCIPLES. So, why no comment as norm on Bell's RNS and its contents ie DRC etc. BALANCE. If you should have listened to Mr Magic, it is only because in a BEAR MKT , the BEAR's is not a genius are they? One should LOOK at the AIM JUNION MINERS INDEX and that would have saved many. Now, to be a bear is counter-cycle. No me saying but the big names now on Twitter watching -inc SGE. DYOR, NIA. As for Helpful, I cannot see how posting links induces one to buy RRR given he does not give any commentary as to the BULL CASE alone but gives an oversight ONLY IF ASKED. To this end, he has been helpful to me at least and to those who hold and ne