Maybe..maybe not. 3 salient facts from the Jupiter annual report: a $15.6m reduction in cash and equivalents versus last year; second a $5m+ loss up on the prior year; third, can't discuss future projects because so to do would be prejudicial to JMS....smoke and mirrors.....look at the details
So much speculation.who bought El LImon? If it was unfit, that's a failure of due diligence? Who promised 150tpd? The errors here are due to either incompetence or something more sinister. Where are the gold sales? Where are the revenues? Why no transparency? Who are IPCM? Etc..
down she goes now 0.22 - how about my 0.19 prediction Omar?
I thought RRR would open the week at 0.19...I was wrong...looks like it may end the week there though. Back in 2010, When RRR was being pumped and dumped, Bell quoted Warren Buffet (you better believe it, because Buffet will never quote Bell) and said "in the short term the market is a voting machine, in the long term it is a weighing machine" ... well, Bell has been weighed and found wanting....Grab your hats and coats...AND get any money you can as far away from here as possible. All in my opinion, you understand.
Sum ore..Bell will use any money he gets wisely...from his own perspective. Omar, once described as Open Mouth Articulating Rubbish is a mate of Bell's and serves his master well and has been encouraging others to lose money here with his pretentious pseudo intelligence. It is, in my opinion, all a smokescreen. How much money is Bell extracting personally from RRR and its collection of loss making related party companies. Who is IPCM? Why was General Mining Limited placed into compulsory liquidation? Go research the relationship between Bell and Ronaldson. DYOR. And when you have, keep your money as far away from here as you can. Bell makes money for himself and his mates only. Everyone else is gullible cannon fodder.
I wonder if MIgori is as robust as the Kansai / IPCM deal? I wonder if bell has had meetings with the "acquirer".?
Where is the oney going?british Virgin Islands?
How much money isbellringing out of RRR and it associated related party loss making companies?