The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Doggie, do the numbers and report back.
Woof
It's comedy gold.
Helpful / Lundy has not even read the presentation he posted on here a number of times.
He's just making numbers up 1,100 tonnes per hour 5,000 ounces net to RRR !
Now he's saying he's not wrong its RRRs presentation.
Comedy gold from our very own pantomime villain.
Helpful 'Take your shoes and socks off and then work out the numbers.'
I think you must have been a Polydactyly baby with some of the numbers you keep throwing about Delboy.
So we don't rely on company issued information when it suits Helpful. He is priceless.
Forget whatever the company says. I think Helpful thinks he is the company.
At the same place it was 2 years ago.
It hasn't been signed.
Dogs - you came in with an open mind.
Would it be fair to say you are gravitating to the bear side.
This company is utterly astonishing as I like to say Bell could fall in a barrel of nipples and come up sucking his thumb.
FASO seems to good to be true. But then again so did ALR.
What could possibly go wrong :)
Take your shoes and socks off and then work out the numbers.
The page in the company's presentation with a spreadsheet is not a forecast, it is merely a model. Bell and Sam are not going to live on site in Burkina Faso for 0.25 g/t or 0.5 g/t.
Woof!
HUGE NEWS AB GOLD PRODUCTION START NEXT WEEK LOL LOL LOL TROLLS ARE BUSY THIS MORNING ? PERHAPS IT'S SHOCK ?
The first gold wash plant is expected to arrive by air within a few days and will start operation.
Red Rock Chairman Andrew Bell comments: "The first team on site will be preparing a report giving further detail that we will hope to be able to share with the market as early as next week, whereupon Mr Samuel and myself will relocate to Burkina Faso to be on site for the whole period of transition into stable gold production and to prepare for larger scale mechanised mining.
GL to the few that is invested here
will they let us go today''' or will they still FK about with the trades ?
we will see
ATB
Yes just another "reach rns". For those that are unaware a "reach rns" is an rns that doesn't contain any price sensitive information. So they are released just to try to promote the company.
From todays promotional rns:
"Our understanding has not changed, and as we believe that there is now a consensus in relation to our position, we expect this to now be resolved"
"EXPECT" is more a word of hope than anything
"irrespective of any third party matters, within a short timeframe."
So i assume that means third party interference. So not good.
" Recent intensive and direct discussions with the former JV partners mean that we may be able to approach the arbitrator with an agreed position."
And of course nothing certain about the words "we may". It could easily be "we may not".
......
To add to the above. In yesterdays interview Bell said:
Bell interview regarding money:
"The state mining company Gecamine, represented through its legal councel, stood up at the first meeting of the arbitration and undertook on behalf of Gecamine, that they would pay and pay promptly in accordance with the arbitration"
..
Like i said yesterday i was astonished that since the arbitration in the summer of 2022 Red Rock have not met Gecamines to seek reassurances the money being paid. How can somebody have any confidence about receiving money from somebody if they haven't had any contact with them for almost two years?
I'm in agreement with others with yesterdays unexpected interview i'm expecting a big fundraise very soon.
The rns left me with more questions and scratching my head.
Where's the lithium? What happened to the exports and Chinese interests?
It seems like a desperate attempt to raise cash
How many times has he said we can't read and we make things up ?
The numbers have been issued by the company they are in black and white page 12.
Helpful is just making up numbers and is doing the company no favours. Andrew etc need to seriously consider gagging him.
In my opinion it looks like they trying to pump it from every angle possible to try and get a placing away, but hey thats just my thoughts.
He is desperate to get his money back!
Also the grades in the presentation are 0.25 to 0.5 grammes per tonne.
Helpful has inflated them to 2 - 4 grammes per tonne. Only eight fold !!!
And he says we can't read.
He is making himself look more like Del Boy every day.
Helpful has quoted 1,100 tonnes an hour four times now !!
He's now saying 50 tonnes per DAY - 10 to 16 plants = 500 to 800 tonnes per DAY.
Quickly changed his tune.
The man's an idiot and can't do maths !!!
We Maybe able to approach:Not we Will!
Get the begging bowl out !
Another reach RNS. Why ? Why isnt this news in a proper RNS ? More smoke and mirrors and again poses more questions than answers. DRC money looking further away than ever ?
Very good.
Relocate to Burkina Faso...... So all the trolls are right, this is a lifestyle business. The lifestyle being living on a alluvial gold site in the middle of nowhere to protect our investment.
This is going to be a serious earner for RRR.
10 hours a day, 5 tonnes per hour, 2 - 4 g/t, $1,800 per ounce net per plant, 10/16 plants when fully set up. First plant by air, the rest via ship, 10 days shipping.
As the trolls always caveat, IMHO.
DYOR
Note a Reach announcement.
Also wash plants arriving by air !! Our resident insider has suggested many times shipping then trucking.
Listened in full to the interview looks like Lithium has been mothballed. Still no explanation about the cash flow implications of purchasing 200 tonnes of someone else's Lithium and then just leaving it ? It makes no sense. A third party would be out raged and want paying. I'm still of the view the 200 tonnes is dubious and was a face saving measure after all the ridiculous five Chinese buyers task force and Helpful screaming put the numbers through the first equity model $50m minimum.
He's at it again with FASO
- 1,100 tonnes per hour
- 5000 ounces net to RRR soon.
Let's hold him to these numbers I think he's over by a factor of twenty about what the SP has lost in the time Helpful has been tipping it.
Finally Greenland any ideas why after thirteen years it's costing RRR 160k a year !! That was a shocker.
Good day all.
Banbury
The lack of commentary on this morning's RNS says it all.
The way prepared for the mother of all placings
Answer: Refer to Red Rock Resources RNS dated 28 Mar 2024.
The title of this RNS is: "1/2 year report." [Financial Report].
Therein,is your answer as norm for any co.
AB put coal above lithium.
Wow....21 years of failure soon