What a sad PhoolThe lower the share price goes, the more useless, irrational drivel he pours into the board. Of course it makes no difference, except to reinforce his own obsessive attachment to one very shaky gold company, when there are hundreds of better companies out there.
How do you manipulate the share price when there is no volume? What a joke. THERE IS NO DEMAND FOR THE STOCK, GET IT? As for those who sold recently, there are not shady manipulators, they are just human beings who made their own decision and decided there are better places to invest. Were they required to consult the Phool before selling?
Why is RBX going down, down, down?
- The mine in Mali is already past its best days. In a lucky quarter, it may generate a little profit. But whenever there are headwinds of any kind (including bad management, as demonstrated several times) then they can easily flip to a loss. So it is highly questionable whether the mine will pay for itself going forward, let alone return anything to investors.
- And if by chance there are any surplus funds, they will all be needed to fund studies on Kiniero - the project that has taken over RBX.
- Any realistic analyst of the mining business can see that the chances of financing, developing and making a profit from the mine in Guinea are not at all attractive. Hence the share price. RBX is now a huge gamble on a super high-risk project.
The Phool's biggest problem is his total lack of objectivity. When any other company is mentioned, he suddenly becomes a professional skeptic, constantly repeating "I need to see proven, sustainable profits before I will invest." But when it comes to the company that he adores more than his own mother, then he automatically accepts all the most improbable scenarios, as if there is no risk, and as if hypothetical future profits are already in the bank. He calls himself rational, but he is the ultimate example of blind obsession. Then he dresses up his obsession in a lot of fancy words that fewer and fewer people can be bothered to read. Maybe they have learned their lesson, believing in the Phool will cost you a lot of money.
And by the way, if you DARE to disagree with the All Knowing Phool, he will resort to attacking you on other boards (as if that will change the truth about RBX). What a sad, sad Phool. Anyway, he is getting exactly what he deserves - watching his investment melt away, and not being able to do anything about it, because he is joined for life to RBX.