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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Red Rock Resources Share Chat (RRR)



Share Price: 0.875Bid: 0.85Ask: 0.90Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 5.88%Open: 0.775High: 0.875Low: 0.775Yesterday’s Close: 0.875


Share Discussion for Red Rock Resources


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matlot
Posts: 20,973
Off Topic
Opinion:No Opinion
Price:0.575
RE: RNS
7 Apr '17
disagree clive but respect your opinion
 
Prospector
Posts: 2,484
Off Topic
Opinion:No Opinion
Price:0.575
isdeer
7 Apr '17
I don't have time to cover every cad on AIM, and I only came across AB by chance through investing. I don't know anything about David lenigas or Tom Winifrith. What have they been up to?
Clive205
Posts: 1,635
Observation
Opinion:Strong Buy
Price:0.575
RE: RNS
7 Apr '17
Matlot, I don't think so. Total of £750k from #JMS buy-back and El Limon payment this quarter should be sufficient to avoid more dilution IMHO.
okenia
Posts: 8,611
Off Topic
Opinion:No Opinion
Price:0.575
RE: RNS
7 Apr '17
"The combined production from BM 1 and 2 is expected to increase to 200 TPD with gold production climbing to 1,200 ounces per month by mid-2017."

- compared to total production of 1,300oz in 2016 while the upgrades were taking place
okenia
Posts: 8,611
Off Topic
Opinion:No Opinion
Price:0.575
RE: RNS
7 Apr '17
February 7, 2017
Para Announces that Ball Mill 2 at El Limon is Operational

Ball Mill 1 achieves 59.5% increase in monthly gold production in December 2016

February 7, 2017 – Vancouver, British Columbia. Para Resources Inc. (the “Company” or “Para”) (TSXV – “PBR”) (WKN – “A14YF1”) (OTC – “PRSRF”) announces that the second ball mill (BM2) at El Limon which was installed in late December is now operational. The delay in starting operations was due to manufacturer defects in the ball mill transmission. Once the issues were identified, the transmission was sent to Medellin for analysis and repair. The transmission was re-installed on February 2nd and has now been tested. Process operations on BM 2 commenced on February 6th.

Plant through-put is expected to increase to 165 tons per day (“TPD”) of a combination of rock mined from El Limon and historical tailings. Processing of mineralized rock sourced from local artisanal miners and from the OTU properties acquired by Para in July 2016, is expected to commence in March 2017.

Production in November from Ball Mill 1 (BM1) was 116 ounces from 1,146 tons of through-put for an average of 38 TPD. In December BM1 achieved 1,480 tons of through put for an average of 49 TPD, a 29% month over month increase. Gold production in December was 185 ounces, a 59.5% increase from the previous month. Production through put for BM 1 during January was 41.2 TPD yielding 159.5 ounces of gold. In February, BM2 is expected to achieve average through-put of 135 TPD to bring total production from both mills to 175 TPD. The combined production from BM 1 and 2 is expected to increase to 200 TPD with gold production climbing to 1,200 ounces per month by mid-2017.

Ian Harris, the Company’s President states, “We are pleased to have the second ball mill operational at El Limon. We have had a few set backs with equipment issues but we now have the installed capacity to produce 200 TPD. We are advancing with the formalization of the small artisanal mines on the OTU Property we acquired last year and expect that process to be completed in Q2 of 2017. The formalization of the mining permits will provide El Limon with additional high grade feed material which we expect will increase the average overall head grade. In the meantime, we are processing a combination of feed material extracted from the El Limon mine (approximately 50 TPD) and processing of the El Limon historical tailings.”
okenia
Posts: 8,611
Off Topic
Opinion:No Opinion
Price:0.575
RE: RNS
7 Apr '17
I'd missed that, thanks
matlot
Posts: 20,973
Off Topic
Opinion:No Opinion
Price:0.575
RE: RNS
7 Apr '17
now divide that peanut amount by another 500 million shares then knock off the annual liabilities and lets see what is left..................................
Clive205
Posts: 1,635
Observation
Opinion:Strong Buy
Price:0.575
RE: RNS
7 Apr '17
Okenia, the update in February stated that capacity is now up to 200 TPD and they will produce 1200 ozs gold per month by the middle of this year.

Far higher volumes than for 2016 so significant cash to #RRR.

http://pararesourcesinc.com/para-announces-that-ball-mill-2-at-el-limon-is-operational/
isdeer
Posts: 2,425
Off Topic
Opinion:No Opinion
Price:0.575
RE: Zumore
7 Apr '17
You could also help your fellow investor by covering David lenigas and Tom winifrith.
Prospector
Posts: 2,484
Off Topic
Opinion:No Opinion
Price:0.575
RE: Zumore
7 Apr '17
Seingred, it may be difficult for you to understand that some people might want to help others, and are actually discusted with AB's behaviour. Who else will want to illustrate what is really going on. I wish I had this type of information when I first stated investing 10 years ago. The are so many new investors who have no understanding of the predatory nature of many AIM companies. If you don't think it's that bad, then you have a lot of learning to do.




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