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Yes talkinto, but don't forget the boss works very long hours lol
I know there is a special type of obtuseness unique to derampers, the special "I don't understand"....
AB reported to the market what he was told about the process and what he understood. That doesn't mean he has any control over it. As I keep saying it ain't done till it is done.
xx
How much Gold are they producing?
Or the price of gold might drop again as it has every time it has gotten to these levels...
Helpful - you simply refuse to accept or acknowledge that RRR has achieved nothing for its shareholders and you continue to state its in a good place - as I have put to you before you must concede that you are a ramper if I (or others) are considered to be de-rampers.
On your comment on DRC...
QUOTE:
It is not under RRR's or AB's or anyone else's control.
END QUOTE
So how can AB quote to the market it is 'days away' or 'imminent' or 'very close' or 'very, very close' if it's out of his control and he doesn't know. My question stands - at what point is this considered as fraudulent misrepresentation?
Https://x.com/TaviCosta/status/1763718001390465244?s=20
DYOR
$2,101.66
Fingers crossed!
Well Talkie,
the current rise is sudden. No one said that there was a one to one correlation between the gold price and RRR's share price in real time, that is something you have just made up. What you call waffle is called analysis.
Once people are sure that the higher gold price will be maintained then that will get reflected in gold companies share price: it might take a few weeks or it might take a few months, who knows?
Currently the gold price is $2,099.75.
On DRC it is you that is doing the waffle selling. The DRC award will be finalised when it is finalised. It is not under RRR's or AB's or anyone else's control. We just have to wait till the DRC gets its ducks in a row. How anything I have to say might give you any comfort on DRC is beyond me. You are just playing out one of the derampers usual plays; pretend you have honest questions.
xx
A poor response helpless. You didn't pick any holes in my statement but instead waffled on like you do daily about gold price movements.
Quote:
And since we are talking gold price: it is currently $2,097.75 but again you know this don't you? Gold was $1,925 6 months ago. That is a change of $200.
End Quote.
My simple response... if gold price has increased significantly over 6 months and now everyone wants RRR assets then Why is the share price at its lowest?
Why has the RRR share price continuously declined over the last 6 months if its gold assets are of such high quality?
You fancy commenting on my DRC notes or just continue to ignore them and bang on about the price of gold even though it has no current correlation to RRR's market value.
As I said non-shareholder who sold out a couple of weeks ago on the basis that there would be an immediate placing and he could back in cheaper. Since then, practically non-stop deramping to get that lower buy back in price.
Since you want me to pick holes and I am good at it. Who said lucrative? What the gold price being higher is about, is marginality.
Gold production is a largely fixed cost activity: a well know feature of the listed gold company investment market is the marginal cost of production. If your marginal cost of production is $1.200 an oz and the price is $1,300 then it probably isn't worth producing. If the price moves to $2,000 then there is $700 an oz margin to be had and therefore worth producing. A big chunk of the marginal cost of production function is grade. Lower grade miners with a high marginal cost of production go from being unprofitable over night when the gold price rises. This is all about a DCF in the first case where the margin is zero or minimal and in the second case high profitability.
This has a number of effects: the high marginal cost producers are suddenly valued more highly, M&A activity picks up, financing for operations becomes easier and the retail investors start paying attention. But mainly, gold in the ground becomes more highly valued, partly because it becomes more likely it will be developed.
All that means is that suddenly RRR will have more people wanting to get their sweaty mitts on its gold assets. RRR has already confirmed it has signed NDAs in respect of its CDI gold assets.
But obviously, this like teaching my granny to suck eggs, what you with you being an expert on investment analysis. I realise you probably already know all of this and are just pretending to not understand because, you know that lower buy back in price ain't going to work without some help.
And since we are talking gold price: it is currently $2,097.75 but again you know this don't you? Gold was $1,925 6 months ago. That is a change of $200.
DYOR
Spec - I like you but that's a very generous interpretation of success. I think the market says otherwise.
As opposed to a non-shareholder pretending to be a shareholder posting links to gold prices and making outprices over $2,000 will be lucrative for RRR shareholders...or making statements like 'RRR is in a good place'
Even more pathetic.
Pick holes in my statement helpless or get back in your box.
Non shareholder sold out a couple of weeks ago hoping for a placing and being able to buy back in cheaper.
Pathetic.
Statement on 14/02/24:
We have been in constant communication with our country representative, our lawyer, and our local partner and matters to resolve the above are progressing. We hope for a further update by the end of this week or early next week.
Extract END
Any reason there has been no update or holding REACH from RRR in the last week or so on DRC...focus has simply moved on to the next shiny thing.
Lest we forget AB also stated 'days away' weeks ago.
At what point do these types of misleading statements become considered as fraudulent misrepresentation?
It looks like the market is calling BS and pricing this to fail with yet another new low share price spread today with some sells under 0.07.
It seems people only want to know when AB flies to Congo to p[ick up the elusive cash he's been talking about for ages... everything else is just more expense to RRR chasing the jam tomorrow dream.
Wouldn't they have been better spending additional money on a stronger legal team that can get results in the Congo and help Barry out with 'meetings'?
Banbury lots of positive outcomes but not the one I am hoping for (cash from Congo)
-Kenya licenses successfully re obtained
-multiple licenses granted in different countries
-multiple permits obtained in different countries for different exploration programs
-successful litigation in DRC for $2.5 million
-conclusion of arbitration hearings in DRC which now await the issuance of the decision
In sales meeting I heard that it took a 100 leads to make just one sale. Of course that mean failure occurred 99 times.
If any one knew the 1 success then all those failure would be eliminated but of course no one know before hand where the success might come from
I disagree with what RRR has been doing (better to have waited the past 2 years than get into new projects) but I understand the approach
Nothing to do with the renewal of the Migori licences then? And if you are going to CDI to meet other companies, why would you not stop in Kenya to pick up the connecting flight and deal with whatever needs dealing with in Kenya?
A lifestyle business is a business set up and run by its founders primarily with the aim of living or maintaining a certain lifestyle .RRR Has this written all over it
I recall he used to splash the cash in Kenya through various sponsorships which came to nothing.
To be fair he has had lots of visits to Africa over the last five years posing with waistcoats etc.
I'm not aware of any single defining event that resulted from these visits ( agreements contracts material progression of on- going projects).
I stand to be corrected. Can any else remember a positive event resulting from a visit ?
Https://twitter.com/Ole_S_Hansen/status/1764570342134009984?t=gbYn0vPSihvh7WyIZGR09A&s=19
DYOR
Https://twitter.com/ABell2019/status/1764565849082405377?t=23GVPoGwxBbIrDEWrrj0gQ&s=19
CDI to discuss JVs and alluvial would good. Burkina Faso to get things moving on the site works and bore holes is a must. They can't move the heavy kit in till they know they have a site with security.
DYOR
D
Looks like Bell is in Kenya and one wonders where else he may be heading
https://x.com/ABell2019/status/1764565703204483476?s=20
I honestly don't beleive shorters would be interested in a small outfit like this.
But I'm no expert.
I think it's just a trust issue. That will change when RRR finally get something over the line.
Honestly beleive shorters is the latest detract and deflect tactic.
All in my opinion and do your own research.
As AB sells all new issues to unnamed PI, which must change holdings % and does not enforce the holdings disclosure [ which is not I understand mandatory], he is not immune to a little jiggery pokery on the share front himself.
Https://twitter.com/jczuleta/status/1764529717204426998?t=jZn0DtQyNxMXODD3zUe9qA&s=19
DYOR
Shorters prey on weak companies. Its the nature of the market.
RRR is weak because of AB's history of misinformation and his constant printing of confetti shares.
The market is dubious with his track record that the Congo payment is not as he portrays.
How about some official paperwork Andrew Bell to back up your claims that the Congo situation is as you report???
AB reporting that shorters onto rrr? Not good. Bad. Real bad.