The comments made by guruone and others of his ilk are unhelpful, frivolous and groundless.
The reality is RR1 is a junior exploration company requiring substantial capital for initial exploration as a precursor for production that can take 10-20 years to do so, during which time a lot of things can go wrong.
The early stages in the lifecycle of a mine are particularly risky. Junior miners are still a long way from production and will face many obstacles before they get there, including -
raise enough money to keep going,
determine if there's an economically viable resource,
get the permits and licenses required at all stages.
That doesn't mean investors are "being bent over and assaulted by these WA scumbags," it's the uncertainty facing junior explorers such as RR1.
I'm bearing that in mind having invested for the niobium story and if that fails to materialise so be it.
So hopefully guruone and others of his ilk will in future face reality and come to terms with the real world of junior exploration companies, rather than the use of unnecessary language.
RR1 Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
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