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Perhaps I should have explained better. The company, RRHI, is "mining" alluvial deposits for gold. They intimate they will find diamonds and gemstones at the same time. Just seems like "magic" to me. I don't see how you an set any sluice/separator appropriately for that.
I notified iH Admin of your concerns, Knuck42. The safety and integrity of all posters/members is of the highest priority to iHub. I don't think your problem is originating from here but I have no way of knowing. I'm sure iHub Admin will take the appropriate steps to look into it though. It sounds like a scary situation.
Please, if you find it has nothing to do with iHub (I'm pretty sure it doesn't) let iHub Admin know right away so they don't waste time looking for a problem that doesn't exist.
ALL members have the ability to send PM's to Admin.
There's a reason they had to use faked photos (or 'stock' if you prefer) of mining operations and equipment. They have none of their own to show. Ther "real" picture of the "mine" is the picture of the brush covered hillside shown here.....
http://raptorresourcesholdings.com/wp-content/uploads/2012/04/dodge-1.jpg
Not muvh of a mine. Maybe that's why no one is too excited over this.
Those are the "ACTUAL FACTS"
One description of penny stock mining companies is, "A hole in the ground with a liar on top." This ain't even got the hole yet.
By the way, what are they going to do with the overburden and tailings? They can't just dump them on adjoining farm land.
Good morning. One thing no one seems to talk about is the fact that they don't thave the plant and equipment necessary to operate a mine. Nor do the have the money to purchase the necessary plant and equipment. All they've got is some land with 5 test drill holes (not enough to be reliable).
You know what they say about mining stocks being a "hole in the ground with a liar on top". This one doesn't even have the hole yet.
By the way, I heartily approve of most of the changes you've made to the Intro. I only wished to be consulted about changes to or removals of informaton I provided. I would never change or delete any of your stuff (except to correct an obvious typo or similar) without discussing it with you first.
I tell you what, I will provide links to all of the information I provide under 'BEARS' in the ibox and identify my opinions as such, OK? You don't actually think I was just posting stuff I made up do you?
I will create a section titled "BEARS" and move all of my stuff under it. I will be happy to identify my "opinion" and provide references for facts over the next couple of days. You guys just leave it alone and I will leave your section alone.
Deal?
I like my money regular sized. It fits in the ATM and vending machineds better. { 8^D
What do you think of my idea of splitting the Intro int BULL and BEAR sections? We leave each others section alone without prior consultation but we're free to change our own section as new information becomes availabe.
Exactly, I don't think you are the only one waiting for the 8-K.
They can say just about anything in a PR but not in an 8-K, unless they think they look good in orange.
According to the LAW, RRHI (through TAG) can only hold a 49% stake in TAG-Z (basically all Zimbabwe operations) Tapiwa owns the other 51% privately (BY LAW).
I'm sure he understood that. Anyone faimiliar with the Zimbabwe Indiginization Law would know that. There are plenty of articles about it on line.
Tapiwa Gurupira owns 51% of TAG-Z as a private individual. RRHI owns 49%. Shareholders are NOT entitled to anything from Tapiwa's 51% share.
Being a Director does not negate the fact that he is an individual. His private holdings are not company property.
Thanks, yes, I know that. My real question concerns the claims of being able to separate diamonds and gemstones. How can it tell the difference between those and a piece of gravel of similar density. Gold is much heavier so it tends to settle out. Diamonds and gemstones tend to be much closer to the same density as gravel especially if they are embedded or parially embedded.
It just seems to me that claim of automatically separating diamonds and gemstones is BS.
A company I have been following [RRHI] has bought and Extrac-Tec HPC-30 and claims, "HPC technology captures up to 98% of the riverbed gold content down to 50 microns in size and can also recover other high-density minerals including platinum, diamonds & gemstones and hence the name, Gold Recovery and Mineral Separation System."
I am skeptical of this, especially of the diamonds and gemstones claim. How could it tell the differece between a diamond and a similar size/weight piece of gravel? It seems like the physics would be the same.
The HPC-30 is basically a towable, compact, automated sluice. It seems more like a hobbyist's setup than commercial mining equipment.
Thanks, any information would be appreciated.
Don't forget the Zimbabwe Indiginization Law.
So far it looks like RRHI is paying for everything but are only entitled to 49% of any results.
Investors are probably waiting for an official 8-K release. Look at the company's history and you'll see good reason to be skeptical. Is this just another "gold next month" PR?
"Artwork"? That's not artwork, the pictures on the website are deliberately misleading potential investors who visit the site to see what the company is about. There is no disclaimer anywhere, as there should be. No, it's just set up to fool the suckers into thinking there's a big working mine when ther's not.
Again, it they were "the real thing", they wouldn't need to try to fool people. They could just rely on the truth.
Well, I wanted to wait a while before releasing all the links but I suppose I can release a couple. First there's the big excavator in the background photos. I've pointed this out before. The excavator is the Krupp 288 working an open pit min in Nordheim, Germany.
Here's the picture of it.
http://www.istockphoto.com/stock-photo-17788441-giant-bucket-wheel-excavator-at-night.php
Then there's the picture of the big ore piles and elevator in the slide show on the home page. It's acrually a Chinese advetising photo for a Shanghai equipment company.
Here's the picture of that.
http://www.grindingmachine.org/images/sbm/rocksand-grinding-machine.jpg
I want to hold a reserve for those who may now say they knew that all along. Not that that would make any difference. Most people don't know it and would think those pictures were of RRHI operations.
Like I said, if you don't know what's real and what's not, how can you believe ANY of it?
Awaken..... No, I didn't have a bad experience with RPTN. I was skeptical of that stock, negative if you will, from the time I first did my DD on it. It was over $2 at that time. It is now less than a penny. I was right, my DD was good.
Speaking of RPTN. Can anyone here tell us why they bought RPTN?
Like I said more than once, there are more than just the background photos. You evidently don't know which ones which shows you have been taken in.
Even just the background photo being faked is potentially misleading to people who are not familiar with them or the company. To me, is shows not just a willingness to deceive but an active deception on the part of the company.
There is a definite pattern of deception evidenced by the CEO's Bona Fides, the reasons given for the RPTN acquisition, the numerous unkept promises and now the misleading pictures on the website.
It's hard not to be negative when you understand all of this.
More than just the background photo which shows a large excavator at work (something that RRHI does not have).
The very fact that you think that's the only one shows that you were fooled. If you don't know what's real and what's not, how can you trust ANY of it?
If this company was "the real deal", why do they need to put the faked pictures on their website. Perhaps "faked" is not the right word because they are real pictures, just not of anything that has to do with RRHI. They definitely are misleading to anyone who has not investigated the company. I doubt many here could say which ones are RRHI and which are not.
Broken Promises.....Anyone can miss once, twice in a short time would be a concern, but time after time after time for more than a year might be considered habitual lying.
> On March 17, 2011, the Company issued a PR stating, "TAG will effectively move into economically viable mineral production in the very near term, the first mineral extraction being gold."
It is now more than 14 months later and NO gold production
> On April 26, 2011, the Company issued a PR stating, "TAG intends to commence mineral production within the next 3 months, the first mineral being gold."
It is now more than a YEAR later and NO gold production.
> On May 24, 2011, the Company issued a PR stating, "TAG intends to commence alluvial surface mining for its gold extraction activities, where the soil and ore bearing gold is very close to the surface, eliminating the need to dig deep into the earth."
It is now almost a YEAR later and NO gold production.
> On July 21, 2011, the Company issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited, anticipates commencing its own organic alluvial surface gold mining operations in the near future"
It is now almost 10 months later and NO gold production.
> On August 30, 2011, the Company issued a PR stating, "With the price of gold soaring to $1800 an ounce recently, we believe that the timing could not be better for TAG-Z to commence its own mining operations..."
It is now almost 9 months later and NO gold production.
> On September 6, 2011, the Company issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits..."
It is now about 8 months later and NO gold production.
> On November 17, 2011, the Company issued a PR stating, "Lantis Laser Inc. (OTCQB:LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) is set to commence our own alluvial surface gold mining operations. TAG-Z's first purchase order for a state-of-the-art HPC-30 Gold Recovery System is being delivered to Harare, Zimbabwe the week of November 28th with full-scale commencement of mining for alluvial surface gold scheduled for the beginning of January, 2012."
It is now almost 6 months later and NO gold production.
> On January 18, 2012, the Company issued a PR stating, "Other viable gold mining claims have recently been registered, pegged and staked for Lantis' operating affiliate TAG Minerals Zimbabwe (Private) Limited, which enables expansion of our organic alluvial surface gold mining operations as we enter into production this quarter."
The quarter came and went. It is now 4 months later and NO gold production.
No one forced them or coaxed them into making the above statements. It is little wonder that the market is wary.
Thank you for your work on the Intro Awaken. It looks and reads better than before.
Check your email.
Welcome -Awaken-! Please forgive me for going off topic this one time.
I only have a few posts left today but I wanted to welcome you and all the new posters to the board. Since I am a free member, I don't have PM priveledges except during happy hour. If there are changes you would like to make, I believe we should discuss them then. After discussion and agreement, we can make appropriate additions and deletions. I have tried to be balanced and present both sides.
Thanks, I look forward to working with you.
I prefer to leave in ALL the facts. Just because commentary is not rainbows and unicorns doesn't make it "useless". However, if there is anything NON factual up there, we should discuss it and it will be removed.
You're welcome. Now get in there and buy some! The market's still open and there are PLENTY under 4 cents.
Don't you think this is worth at least 4 cents?
BUY BUY BUY { 8^D
They've already announced "estimates" of reserves. They're in the original PR. When they issued the concurrent 8-K, they left out any mention of reserves. The SEC has been cracking down on unsubstantiated estimates of reserves.
According to a FINRA report, "Many gold-related investment scams involve the stocks of gold mining and/or exploration companies. The stock value is often based on gold reserves that are difficult to estimate, much less verify. While stock promoters regularly cite the potential value of a gold reserve, some statements can be deliberately misleading. For example, in 2010, the Securities and Exchange Commission (SEC) took legal action against a mining company based in Florida for false press releases and other misleading statements associated, in part, with a mining project in Ecuador. The releases claimed the gold reserves were worth more than $1 billion. The SEC noted that the exact value of those reserves could not be known “without further detailed exploration.”
REAL reserves will be listed in the SEC filings. To date, none are.
They can announce any "estimate" they like in a PR but the SEC requires proof that the estimate has at least a chance of being accurate.
There are plenty more "cheapies" to be had. All the market wants, anyway.
Report is close to 60 YEARS OLD!
"Just what is in those gossan deposits!.....gold? copper? nickel? O-MY!"
Same thing that was in them almost 60 years ago when the report first came out. In that time, no one seemed to get too excited about them. The owners of the property were happy to take less than $500k for it. They were miners, do you think they were simple minded? { 8^D
I don't know that they'd waste the time on another PR today. I think the next step is to "find" large "possible" reserves and then raise money for "further exploration".
So far, this company has done little to convince me they are on the up and up. The CEO included executive postitions in companies with no operations that only existed on paper in his Bona Fides. I'd be real interested to know what he was actually doing during those years. It can't take too much of your time to be CEO of a shelf corporation.
Since he took over, the company has put out PR after PR announcing the commencement of gold production "next month", "in the next couple of months", "this quarter", "next quarter", "in the near future", "soon". NO gold production has raken place despite the hype.
Their "gold mining" amounts to some pull behind your truck, fancy hobby equipment and some metal detectors. { ;^D
The paid stock tout that came out yesterday is just a rehash of old PRs. The "reserves" estimates were based on only 5 test bores done way back in 1966. Not enough to accurately determine anything. The property was up for sale for a while and no one showed any interest.
The company is not at all transparent with two publicly traded entities and multiple private entities. The potential for hiding abuse is quite high.
All in all, I just wonder "What on earth were they thinking?"
Yeah, just about $6000 traded all together!
The crowd is going WILD..... { 8^D
Just a few measly tuna, no whales.
I think another poster was looking for "evidence" of a P&D not very long ago. I'm thinking he will find it soon. { 8^D
The latest "news" is pretty much just a recap of old stuff. The company has no plant and equipment with which to run an open pit mining operation. They have a history of putting out misleading information and misrepresentations and promising more than they can deliver.
Might get a small pop on the latest hype but it will probably be small and short lived.
Float 23,113,809 a/o Jun 30, 2007
Float 318.9 million = latest figure
http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=RRHI:QBB
Actually, the float is > 300 million. That 23 million number is, as of 2007
They have no mining equipment and no money to buy it.
All of the talk of gossan deposits and such are from the original survey done in 1966. No one has been too excited about this for the last 56 years. I wouldn't get too excited now.
If you're in for a quick profit on a "gold/barite fever" pop, you might make a few bucks. Good luck.
Paid touts (bullquake) out already. Might see a little move prior to offering/sale/note.
He'd have to remove ALL the faked pictures (there are more than that one) or at least clearly identify them as to their true subject and origin. Yes, then I would remove my "disclaimer". I only added it to prevent visitors from getting the wrong impressions.
I would also recommend Alf correct his Bona Fides to eliminate the references to positions in purely 'paper' companies. It raises more questions than it answers.
More "faked" pictures than the background picture of the Krupp excavator appear on the site. By the way, I believe that the Krupp 288 can still be found in Nordheim, Germany. It will NEVER be moved to Africa.
Here is a link to the original picture.....
http://www.istockphoto.com/stock-photo-17788441-giant-bucket-wheel-excavator-at-night.php
It is used for coal mining and is as "relevant" to RRHI as a jumbo jet is to a startup crop duster without a plane.
Why did they keep on issuing (and missing) the target dates? Is management so incompetent they didn't know what they were doing?
Link to the Company website added to intro.
I have also added a disclaimer to help prevent visitors from being taken in by photos that have nothing to do with RRHI mining operations. Not everyone is familiar with the "stock photos". Even those who are probably can't pick out all of them.
As I said before, if you can't tell what's real and what's not, how can you trust any of it?
Regarding the Float.....
http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=RRHI:QBB
Free float 318.88m
[Middle of page in 'Summary', below the chart]
------------------------
I can't supply you with a link to my broker's data of course, but the above is current.
If a Company tells investors it "intends" to do something in a certain time frame, repeats that many times over more than a year and fails to carry through, one has to question their veracity.
Missing once....well, that happens
Missing twice.....one rightly begins to question the competence of the management
Promising the same thing and missing over and over and over.....one suspects either they are being lied to or management is guilty of gross incompetence, if not both.
Regarding the Float.....
The latest numbers provided by my broker show
Shares in Float - 318.9 Million
The latest numbers provided by Yahoo show:
Shares in Float - 217.3 Million
I think my broker's numbers are the latest and would indicate a huge increase in the float over 25 Million.
Good luck to you,
Pitboss22
Does anyone else think the "fake" pictures on the RRHI website are misleading?
I'm not sure "fake" is the right term to use as the pictures are real, they just have nothing to do with RRHI.
I do think they are misleading and are another "red flag" pointing to willing deceptiveness by the company. That or incompetence.
Does anyone else think the "fake" pictures on the RRHI website are misleading?
I'm not sure "fake" is the right term to use as the pictures are real, they just have nothing to do with RRHI.
I do think they are misleading and are another "red flag" pointing to willing deceptiveness by the company. That or incompetence.