| Latest Forum Topics / Reenova Investment |
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Is ISR capital shorting its own shares? lol
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mepkoh
Elite |
26-Sep-2016 08:31
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i wont buy a stock...that hase risen 5000% woild you??? the gullible n the promoter will...u think who will loose money???
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ruready
Supreme |
26-Sep-2016 08:20
Yells: "Follow the micro penny , May be this is the last train" |
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Before collapse there always have a big crazy rally, 上 帝 要 你 亡 , 先 n让 你 疯 狂   |
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lglg666
Supreme |
25-Sep-2016 22:05
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From 1988 till now....no survey report? That's very trusting of the management for the vendor or the management is not doing their jobs becoz they don't do any due diligence before putting their money in. Something is very fishy if that's the case.
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lglg666
Supreme |
25-Sep-2016 21:57
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Mining stock usually has not been very transparent in their dealings and is usually base on the honesty of the management. Most of times....their mines are so far out and hard to put a value on it. In fact, it maybe just a hole in the ground in the middle of nowhere. Normally is huge gamble to invest....in such stock. May turn out to be a scam....and lose every penny invested if that's proof to true. At the same time if they hit a rich vein whatever rare minerals during their digging then it may even rocket to the sky too. My 2 cents is don't put all the eggs in a single basket....esp mining stocks!! The important thing is to buy as cheap as possible. | ||||
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dragonboy76
Master |
25-Sep-2016 20:19
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Agree. Overlook my wordings. What I mean is the report is based on findings in 1988. They should have done another survey prior to actual acquisite | ||||
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zhongkui
Member |
25-Sep-2016 19:58
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I have the latest copy of the Edge dated September 26, page 13. I copy and paste the 2nd last paragraph of the article here:   On July 18, ISR released a technical report that said the Madagascan concession was worth US$1.08 billion ($1.5 billion). According to the report, Soviet geologists had scoped out the area in 1988. Work so far has focused on " outlining resources" . The report did not say whether actual commercial production ever commenced. The concession has changed hands at least twice.   Would you agree that there was no report in 1988 that you referred to in your question #2? The year 1988 was when the Soviet geologists had scoped out the area.
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risktaker
Supreme |
25-Sep-2016 16:11
Yells: "Posts are opinions. Do not take it as investment advise " |
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目 无 王 法 。 。 。 。 | ||||
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dragonboy76
Master |
25-Sep-2016 15:53
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No link. U need to subscribe to the edge magazine. This week latest magazine | ||||
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zhongkui
Member |
25-Sep-2016 14:38
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Can you please give us the date and link to the Edge article? I am going through the old Edge magazines and can' t find any reference to a 1988 valuation report.
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dragonboy76
Master |
25-Sep-2016 13:57
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It was published in an article on isr in the edge magazine
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zhongkui
Member |
25-Sep-2016 13:46
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Interesting points you have shared. Can you please point out where did you get the information that the date of the valuation report is 1988 in your question #2? The information that I gathered from SGX website shows the valuation report by Geologica was dated July 15th, 2016. Were you referring to the same or another report?
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dragonboy76
Master |
25-Sep-2016 11:13
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Yes, It did answer some of the questions. But not all. I just hope all these is true otherwise lots of ppl will get burnt. | ||||
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jlim777
Senior |
25-Sep-2016 10:40
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If you are interested in the conflict of interest theory, then read the 15 aug business times.
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jlim777
Senior |
25-Sep-2016 10:29
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I don' t have any position now, i just wish i have bought it when it was cheap, now can only watch from the side. However seeing you quoted a long report, i just want to add that many points raised in the report can be read at ISR query response to SGX on 18 July 2016. The response mentioned SGS survey in 2014, valuation survey on 2016, the owner of other 40% of Tantalus, the shareholders of REO Magnetic.
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dragonboy76
Master |
25-Sep-2016 09:49
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Below is what is being reported.
all this started after isr announce place to raise $$$. 4 sep isr announce raise 12 mil by placing out new shares @ $0.085. Counter immediately surge. Way before this, 9 may David rigoll become largest shareholder @ $0.005 and counter immediately took off. 16 may counter reach 0.117. Late 2015, rare earth Germany agree to sell the 60% concession to reo magnetic for 5.6mil. Remaining 40% was sold to isr and they did not reveal this buyer until kena find out. Now isr announce buy the 60% from reo magnetic for 40 mil. The technical report said the conversion worth 1.5 bil. But this report was made in 1988 and analysis focus only on 'outlining resources'. Report did not say whether actual commercial production ever commenced. Concession already changed hands at least 2 times already before. So my question is: Concession since 1988, did anyone really mine the rare earth? If so, why until now no report on how much has been mined and is it still worth 1.8 bil after so many years. And if not, then what is the current worth and is it worth 40 mil? If never been mined before, also what is the reason? Changing concession at least 2x is something not logical esp since rare earth is a profitable raw material 2ndly, the report is 1988 and anyone who really want to start mining this would engage to get another updated report to determine the actual (remaining) rare earth at present. But 40 mil paid without getting any updated report prior to it is not logical also. 3rdly, why pay 40 mil for 60% concession when reo magnetic only paid 5.6 mil? Any basic intelligence would tell u this is a bad deal for isr. Also since isr own the 40% beforehand. I suppose they bought it at a much much cheaper price. So why r they willing to buy 60% at the sky high price? More than 4. bil shares was issued. Since the share price alrwdy increased many folds, I can only think that some ppl already make millions if not billions. From who? From retail investors probably who bought and chase this counter out of greed. If the day comes when ppl decided to liquidate their holding to get the real cash fortune, the tsunami will come very fierce and all retail investors better get some floats in order not to get drowned. do urself a favour by checking on the status of the rare earth mining when isr intend to start, etc. But whatever they say u have no way to check because the mine is so far away... story will become more interesting if it turns out that isr boss and reo magnetic boss r both friends.. lol |
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XTC855
Senior |
25-Sep-2016 00:33
Yells: "Don't follow my investment strategies..I m a big risker" |
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I dont think the rise   has to do with the 58m holding but the link between AsiaOne and AsiaOne WFG..which is confusing http://www.puntersgallery.com/showthread.php?t=74& page=93  
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mepkoh
Elite |
24-Sep-2016 23:23
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yeah..u huart .. please dont lead people to holland on a one way ticket
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AhHuatz
Member |
24-Sep-2016 14:10
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Haha good good. Chill is good.
Or else no need risk management but need anger management. Lol
Interesting thing is that now no one can leverage with all the restriction. But there are still people buying so they are basically buying with pure cash, I think.
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mepkoh
Elite |
24-Sep-2016 14:06
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i must emphaisize.. restricted because broking firms find the risk is not only high but highly unmanageable...
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mepkoh
Elite |
24-Sep-2016 13:52
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i m very chill...i m waiting for the crash..i will be in action
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