OMG, is that another 6% down, how many more drops like this are we to see before it dawns on you people that AB is driving this into a death spiral?
Wouldn't buy 1 more share here
Caveat emptor
Good to see that Elephant don't need cash....'The last audited accounts of Elephant Oil were to 31 January 2014, and show total assets of £1,618,007 and total comprehensive loss for the year of £46,668.'
I would imagine that within a very short time this latest 'venture' will throw up a few unforeseen expenses, and you will be asked to dig into your pockets to pay for them. Just be aware that the AB merry-go-round will never end, he will throw dream after dream at you, it pays for his lifestyle. The man has no plan, he's like a butterfly in terms of his technique for investing, I wonder what tomorrow's great idea will be?
Sorry guys, but based on past record all this is is yet another opportunity for 'the boss' to keep taking wages, depleting the cash pile further by continuing to spin you dreams. You all need to wake up and take a reality check, no holding here, no intended holding here, and no agenda here, stay if you wish but do yourselves a favour and look back at what has been going on in rrr for the last few years, it is clear what AB is doing, the man and he is doing it well, and he must be very pleased with how he has set himself up such a fantastic life, great salary, and all he has to do is keep promising you people that the next big thing is just around the corner, and 'by the way I will need a little more cash to make it happen'. Nigerian General springs to mind!
What happened to the $500k paid to Kansai Mining by RRR?
Bittersweetlemon....what is the empirical basis for your support of AB? Feel free to cite any specific positives since 2005
One bag? Multibag? Bin bag! This is AB and RRR
Zumore..go see the placings RNS's they will get you closer to the numbers
AB is part of the Eton / Oxbridge Parliamentary crew...you do know ho his father was? Lord Tim Razzall a Lib Dem peer who served on Ricmond Council (Elm House) is involved in NAMA Greenland...
RRR was brought to market by a boiler house crew - it has been a pump and dump stock ever since
what is likely to happen? a placing at 0.04 followed by the realisation they've already been sold on to PIs
well...once again...the same question...what is Bell's record of shareholder value creation vs self enrichment and administrative expenses?..anyone?
Simples. How much value has AB created for shareholders and how much has he sleeved for himself?