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Gold currently $2,138.
A number of chartists in the last week posited that this was the next resistance point. If it goes past $2,140 then the next resistance is much higher.
I was posting last week about the possibility of gold going past $2,100 and the trolling were doing the usual stuff. Now it has happened suddenly it doesn't matter and makes no difference to RRR's gold assets.... Funny!
One interesting thing the trolls have not picked up on is, why has RRR engaged with Canadian Consultants to market the CDI gold assets at Toronto PDAC but the Burkina Faso or Australian gold assets?
I have a theory; RRR has a way forward with Burkina Faso with early production and on Australia the market for gold IPOs has picked up and so it has a way forward on RRAL too.
If RRR gets all 7 licences in CDI issued then the cost to RRR to move them forward quickly and efficiently would be disproportionate. Likely RRR would have to spend $7m/$10m+ over the first licence period. There is some alluvial on one of the granted licences but the prospect for early revenue is not as great in CDI as in Burkina Faso and RRR is further on with its plans for early production.
Separately, there is a lot more investment activity and interest in CDI gold then in Burkina Faso.
Thirdly, the alluvial area at Bilbale in Burkina Faso is extremely large and RRR should concentrate on that. Look at the recent tweet from RRR that stated that the kit being moved into place in Burkina Faso could handle over a thousand tonnes an hour dependent on the soil type: the throughput would be lower if the pay is heavy clay rather than gravel. Why would you move that amount of kit into Bilbale unless you knew you could produce at high levels for a decent period of time (years!)
DYOR
I am hardly surprised my post on insider trading, forward selling and shorting by market insiders was not recommended because it exposed the situation what is going on here perfectly, the bashers who work here 24/7 are aligned to these entities. They are hardly likely to agree by recommending the post are they.
Also remember it was Bell himself who made the accusation.
These entities need to be very careful moving forward, they are being watched.
WOW THEY ARE SUPER DESPERATE !
I like the tone and contents of this RNS
-rational plans were described
-CPAC-very positive step to have RRR approach the North America market. IMO RRR should also have a listing in the USA (easiest on OTC BB) or TSX . Either approach will make it easier for investors in North America to buy RRR shares
I can PROVE it or DIS-PROVE it. I keep buying RRR shares in theory, slowly. Then, when I have reached scale ie no of shares, I inform the STOCKBROKER, I want to have PAPER RRR shares for custody. Ooops, if the stockbroker checks and cant give me physical delivery, then my thesis is proved OR disproved. The only person that can do that is the LARGEST shareholder of RRR and between the 3 largest shareholders, they can ask for DELIVERY of RRR shares in paper form ie share certs.
I was at Tesco Express yesterday. In front of me, was a lady [not very young] and she bought 1 or 2 things but she bought lottery tickets, No 5, No x, y, z but I noticed she did NOT buy even ONE £1 scratch card so presumably, they were the expensive ones of £5 etc. Me, I BOUGHT NONE. Why? Risk vs Reward and Odd , not so great. This is to illustrate the Common Man in action? So, at RRR, bring it on @DRC, then perhaps everyone Johnny 777 will land here once they see volume and price etc as norm. There could be a crush. As usual, from the INCREASED VOLUME, it does suggest that the traders are now in for whatever ride there is to come at RRR, be it x, y, z updates or now? Getting interesting now. In the USA, it is called RRR is on the stock scanners ie vol, price etc.DYOR, NIA. Wed, 6.3.24.
I see Andrew Madoff Bell is already moving back the date to going to DRC to afew weeks.
They will.be short of fund for payroll this month
H50 - no one reccomended your post on conspiracy shorting as its just that a conspiracy.
The company's SP is down to poor performance and over promising alone.
Ya hope? Gold is on our [holders] side now at RECORD high. COPPER & GOLD also will "receive the biggest price boost in the commodities sector due to potential FED interest rate cuts, says Goldman Sachs analysts" https://twitter.com/RRR_RedRock/status/1765301967956406395 [Top tweet from Red Rock Resources today, Wed, 6 Mar 2024]
RRR assets all aligning now - sector interest. No cheapies for "airdrop" potentially, sorry. But do ask the Chairman of RRR as he is in charge of not letting RRR go ....given he is aware of the major shareholders and duty as such to all holders with thanks.
£2,135
Going well.
Makes our gold assets more valuable.
DYOR
Time to airdrop over 1 Billion news shares ?
VOLUME : No 6 on the top vol risers @190m [Link: https://uk.advfn.com , Wed, 6 Mar 2024 @12:13.
I think the data is not live but maybe 15 mins delayed as norm. This is when it starts to get interesting and volume with UPtick after RRR RNS@Reach today about its assets, then action is starting as norm ie volume follows price.
No, Dukey, I dont need to sound x or y, I am looking after my RRR shares, nothing more or less via presentation in print.
A £412 lesson for Mr 3 241 572 as well. Cant say they werent warned of the potential pump and dump !
There is a LEGAL distinction between listed co's having to use "expect" rather than .... Why? Only upon a price sensitive event of a legal definitive nature, can one change from "expect", "potential" to ... Well understood in law and COMMON to ALL listed co news updates. UNTIL CONCLUDED legally and definitively via agreements, awards from Courts etc, it is still "expect" as norm. Hope that helps. The SENTIMENT has turned POSITIVE on the other RRR forum. As long as I hang on to my RRR shares, I have a seat.
To follow up on Talkino's post. This is a repeat of my post from 24th January when the word "expect" was also mentioned:
...
From todays 24 January RNS:
" Further news on the Company's arbitration award EXPECTED following the conclusion of elections in DRC"
As sneaky Helpful said the other month you should always be careful when EXPECT is used by him in a post or for that matter when a company like RRR use it in an RNS.
8th July 2023 Helpful posts:
"PS I fully expect Glencore will be paying us some serious readdies fairly soon"
.......
10th July 2023 Helpful posts:
"You lot need to learn to read.
I never said that Glencore would hand over readdies"
.........
10th July Helpful responds:
"EXPECT
https://dictionary.cambridge.org/dictionary/english/expect
https://dictionary.cambridge.org/dictionary/english/will
Expect is probabilistic. As I said, people need to learn to read.
DYOR"
I am happy with the RNS from RRR this morning. It AFFIRMS the assets of RRR that I mentioned in this forum but I am NOT privy to the current up-to-date status of these assets ie what can be done to upgrade/update- so the update has been set in print , still under the auspices of the framework in the U.K.
So, a BIG THANK YOU TO MR BELL for your kind consideration to confirm the FURTHER ANALYSIS from the last broker report data and updated. I am happy to leave the matter of the stock book to Mr Bell - I recall another stock ie Walvis Bay oil and that share was SUSPENDED by the London Stock Exchange as physical delivery of shares could not be carried out due to the shortage. It was then un-suspended after a few short days and normal trading could resume once the exchange sorted out paper delivery status vs not able to deliver status. All good and it will be left into the hands of the Nomad the London Stock Exchange IF a similar situation has occurred here. In appreciation, News, Wed 6 Mar 2024.
Cornhill used to be very good at that game. They used to forward sell a company and then go to the company, offer it money and then square their book.
DYOR
This is probably the only company I have ever had to really fine tooth comb every word of a release with to look for the caveat and clever wording.
Quote:
We are in constant communication with our country representative, our lawyer, and our local partner and expect senior management to be in the DRC this week or next with a view to finalisation.
END Quote:
The only word that needs focus in this statement is 'expect'... once again it delivers a nice shiny promise on the face but the detail says we may or we may not (expect to) get on a plane some time in the next two weeks.
Hence why this is just a REACH and not an RNS.
DYOR.
"From grass-roots exploration through to mine closure, our expertise in project management, property valuations, Mineral Resource and Reserve estimates, NI 43-101 and JORC technical reports, and due diligence reviews has distinguished WGM as the most trusted name in exploration and mining since 1962."
It seems having these people showing our CDI assets around Toronto PDAC is a bit of a coup. We have already had a number of people approaching RRR but this will now put RRR's CDI assets front and centre. Maybe we will get a bit of an auction going.
As I keep showing CDI is a very active jurisdiction for deals.
Fingers crossed
DYOR
Have to laugh when the plums say they have checked this and that site and it is not showing a short position, no of course not, the short positions (including forward selling of equity raises) are held by market makers and brokers who cannot resist a turn and do not declare.
OK here is a scenario, you are the company broker and the CEO says he needs to raise cash, if the share price is £1 they (the broker) starts selling as many shares as they can at £1/90p/80p etc and then tell the CEO they can get a placing away at 75p, they then close their positions in the placing, it happens all the time.
Now the best way to screw the broker/market maker is for the CEO to suggest they may need to raise money so the above process starts but then secure the cash elsewhere leaving the broker/market makers in the deep dung, they need to close their forward sold shares in the market.
Unfortunately many CEO's do not have a clue as to what goes on and even if they do they are afraid to 'upset' their advisors, Bell has openly suggested he believes there are short positions ongoing here, he needs to go elsewhere for cash.
Of course if the DRC money comes in all well and good but, of course, who would know first, the broker and their market making chums, the system is corrupt and it has got worse over the last 3 to 4 years.
Http://www.wgm.ca/
These are the consultants.
DYOR
Should add 211m we're added to the market on 16th February 2024
These guys made a nice 20% over 4 months interest and will make a tidy profit on the 0.0637p issue price with 211m more warrants at 0.11p.
Mr Bell described the CLN as a novel instrument to avoid dilution.
It's actually in term of money raised the single worst dilting event I've ever seen.
Watch it end up in the red by close , and the 2k plus buyers realize they've been dry bummed again
There are no shorts open on Spreadex or IG do they still have a CLN here?