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BANBoy is the best informed poster here.
Yep. I have not been bending AB's ear about Boring Boy because there is more important by stuff to deal with but in due course...
RRR is now at the stage where we need more people. We need someone to sit in BF and make sure our gold isn't stolen: that can't be AB or Sam long term.
Apparently, Willem is more than impressed with what we have.
DYOR
Given the large price increase in gold it would be reasonable to say that the implied value of Indicated ($25) & inferred ($4.25)
A April 2024 value should be a minimum 2x-to 4x for a $26m to $52 million value just for Migori
Compared to a RRR market cap of less than $3 million
Lots of room for RRR share price to move up. +possibility of DRC cash, gold production in Burkina Faso. + + +
This was posted by AB yesterday with replies from Winnifrith who remains a RRR shareholder, he mentions Lenigas
https://x.com/ABell2019/status/1777285387582378251
I see News has rumbled the resident basher Banburyboy yet again, this individual has been exposed for lying, no surprise there. So BB says he has been around for 5+ years posting on RRR yet the account was only created 3 years ago, so what was the alias prior?
Remember the CEO of RRR came on this board firing a (legal) shot across the bow of BB implying he had resemblances to Carp, many 'normal' individuals would have backed off to some extent but BB continued unabated, that in itself seems very strange.
I ask if you had no shares in Red Rock (a £2m outfit) and were warned by the CEO to back off or potentially face significant financial penalties surely most sensible individuals would call it a day, not BB, this individual has and continues to try to destroy shareholder value by 24/7 negative garbage, even seeking out the CEO's home address + delving into Companies House to try to diss further.
No BB is here for financial gain, I do not believe a word the fellow says, of course he will deny every accusation with vigour but slowly News is finding holes in the lies.
I am sure when AB's workload diminishes the matter of BB will be re-visited as implied by Helpful.
Https://twitter.com/KingKong9888/status/1777742744506728797 9.4.24.
One in the thread said Costco has a MAXIMUIM 5 policy.
Https://twitter.com/pauljohnson9691/status/1777687736889094290?t=Te0_lPu7uC0JNWQ9FvjH7g&s=19
DYOR
Link: https://www.rrrplc.com/investor/shareholder-information/major-shareholders/ 13.3.24 [Source: RRR].
There are 3 shareholders:
Mr Topham via HSBC Global Custody Nominees, 5.75% [used to be 16.78% on the same no of shares of 204,1467,627 as at 10 June 2021.]
Mr Black via Nortrust Nominees, 5.66% [201,000,000 shares].
Mr A. Jones via HSBC Global Custody , 4.38% [117,050,043]
Yesterday's buyer: 25m shares already owned +31m+29m+50m bought yesterday = 125,000,000
Note: I dont know who Mr Topham but Mr Black is an investment professional. I am not sure about A. Jones as there are many A. Jones who are portfolio managers. It is very OBVIOUS MR TOPHAM HAS HELD SINCE 2021 and only these 3 or 4 have some 15% between them [excluded yesterday's buyer.]
VOTING:
That is company law and IF not happy about anything, it is the AGM that is the right place to ask. But IF, one is a big holder or better still a portfolio manager, they can easily ask for a conference call.
NAYSAYERS [NOT SHAREHODLERS] vs ORDINARY MOM & POP SHAREHOLDERS IN RRR. I think we holders OUTNUMBER the naysayers here. If any reading, one knows that if not happy, one can move on as and when. SO, THE WEIGHT OF SHAREHOLDERS VS NAYSAYERS ARE 85% OF RRR SHARES [the top 3 holders only own 15% in toto].
MARKET MAKERS: RRR--------------SHARES ARE UP FOR 3 CONTINUOUS DAYS IE +14%, +18% & TODAY =+3.08%.😊😊
WELL, THE ============MARKET IS RIGHT, ISNT IT?-----------UP FOR 3 DAYS SO STRONGLY AND ON VOLUME YESTERDAY SO, THEY MUST BE BUYS AS RRR ROSE +18% and at one stage +20%+.
Dyor. NIA. Tues. 9 Apr 2024 @7.38pm [Stock Market closed and NO ONE here on this forum].
BlueBOY1975
I find it a repeated co-incidence that when BanburyBOY goes off, you come on to address me. Its like 2 vs me [1]? To answer your question which appears to be not for any reason that is vital to RRR, here is my answer:
[1] I QUALIFIED that the number of shares bought yesterday ---all in 1 day of 31m+29m+50m [1 morning & 2 close to each other in the afternoon] COULD qualify as a TR1 by virtue of the size of the purchase totalling some £72,000. To find out if this is correct, take RRR's MKT CAP of £2.3m to get 3%=£69,000 worth of RRR shares needed. I have seen a CEO buy for his other children from his 1st family and it is not in his name, so no TR1. It is also interesting that one poster came on yesterday morning to say LOOK OUT FOR LARGER TRADES LATER. Indeed, the larger trades appeared of 29m+50m. The poster also said HE ALREADY HAD 25M RRR SHARES. One cant tell about a TR1 because they have some 3 days to declare. Besides, that is the buyer's business IF he wants to buy for his CHILDREN ie in different names as a gift. IT WILL QUALIFY FOR INHERTIANCE TAX EXEMPTION as RRR is an AIM co and not a AIM investment co.
[2] Robin, I have never contacted RRR, A.Bell or the office , so I am NOT going to do so now. However, I am well aware that those who have licences in GREENLAND have obligations, lets put it that way. I have seen another AIM co do impairments. GREENLAND has NOT turned up only in RRR's case but for others as well as the conditions ie weather is rather difficult etc. I have seen the Greenland registry for EVERY licence and licence holder. As far as I am aware, there is NO CO THAT has been able to progress any project to any extent there. Besides, that is something that should be asked during the time of the RRR AGM , not now. I know that for those who invest in Colin Bird's co's, they follow the rules and ask Mr Bird in London @AGM. That is one's right IF one is a shareholder. Hope that clarifies.
If it’s explanations that are being given out, how come, Hapless, the SP is 95% down since you started pumping it?
And news, where’s the RNS about the person acquiring a large stake here? Got it wrong again? Surely not...
News re Greenland costs you and I are shareholders. Would you be able to ask the question electronically via his secretary or do you not think it appropriate considering how much work he must have on his plate at the moment? Cheers.
And I think an explanation is due on how you were so wrong on Kenya and Musonoi? You know you being an expert and all that.....
Thanks News that was a recent and interesting article. I can only hope that they keep progressing the bill and we hear something but I don't what what timescales they operate at.
LoL : How can anyone ask about RRR's GREENLAND "costs" and this is "warranted", IF THE PERSON ASKING IS NOT A SHAREHODLER? All could have been asked at the RRR AGM 16 Feb 2024, IF ONE COULD SHOW EVIDENCE of shareholding in RRR BEFORE allowed to even sit at the AGM meeting, let alone VOTE? How? No co, be it AIM, FTSE will be answering any question IF the enquirer is NOT EVEN A SHAREHOLDER OF THE CO? H O W ? Tues, 9.4.24
Link: https://www.tripleoklaw.com/the-future-is-coltan-an-up-to-date-kenyan-mining-law-outlook/ Kenyan Mining Law, 30 Mar 2024.
"..Kenya UNTAPPED mining sector has the potential to earn the country USD $6 billion or 10% OF GDP.
Kenyan lawmakers are seeking to make changes to the Mining Act 2016 via Amendments---MINING RIGHTS BOARD/TRIBUNAL to deal with DISPUTE RESOLUTION. ========BILL SIGNALS...ENHANCING the exploration of Kenya's mineral endowments. Amendment tabled on 1 SEP ---2023....WITH GOOD NEWS ALL ROUND..."
Robin asked and the above is in the public domain.
I do think an explanation on the Greenland costs is more than warranted ???
Going into the last 15 mins before the London Stock Market closes. Despite ALL the re-hashing of the naysayers , repeats, the RRR share price is still UP, with no RNS.
HL is now offering even more to sell at 0.062p for MORE than normal mkt size. To buy, 0.069p. So, all the time wasted ? Mkt DOESNT agree with the naysayers.?
Robins logic would suggest remediation costs for mining. Given the expiry of time, maybe the Greenland government came after us.
Another skeleton worth a proper explanation ?
Banburyboy:
Your London South East profile you joined on 13 Oct 2020 so that is only 3years+ ago.
You said you were here for 5 years.
You now state you invested in RRR ----------18 YEARS AGO----------- in your post 15:17, Tues, 9 Apr 2024 below LoL.
I will take the year 2023 [this year is not the full year yet] and minus 18 years = 2 0 0 5.
ANDREW BELL, LINKEDIN
"Red Rock Resources Feb 2005-Present."
Conclusion: So, it is IMPOSSIBLE that Banburyboy invested in RRR in 2005 year that he now says today as above.
Why? --------------------ANDREW BELL WAS NOT THE CEO OF RRR plc then.
RRR ADMISSION DOCUMENT:
"DEALINGS TO COMMENCE: 29 JULY 2005. [Pg4/65].
Chairman: Andrew Bell.
Chief Executive; KENNETH FRANK WATSON ["Managing Director"]. Pg 6/65.====AUSTRALIAN.
Assets: Mt Ida, Mt Alfred , Mt Hope{Australian projects]---all iron ore in Australia.
Savage River, Iron Ore, Tasmania , Australia. Oakover {Manganese, W.Australia]
Link to check: https://www.rrrplc.com/wp-content/uploads/2017/06/Admission-Prospectus_290705_RRR.pdf
CONCLUSION: So, over to your Banburyboy as to how you invested in RRR in 2005? Why? All the RNS's from RRR were from Kenneth Watson , an Australia "MANAGING DIRECTOR" and ANDREW BELL NEVER WAS ON THE RRR RNS AS signing the RNS as "MANAGING DIRECTOR" [or CEO as they now call it in the UK.]. LoL. How? Just askin.
News, this is the last presentation from ECR dated January 2024. https://ecrminerals.com/wp-content/uploads/2024/03/ECR-Presentation-Jan-2024.pdf
See slide 7 which gives the position of the mineralised corridor and fault that continue into RRAL acreage. This gives the licence area map but doesn't include Berringa or South Australia. https://www.rrrplc.com/wp-content/uploads/2020/06/RRA_Victoria_Government_Map.pdf
The thin horizontal line in the middle is a licence called Blue Ribbon or Ballarat North EL007285. This is the report on it https://www.rrrplc.com/wp-content/uploads/2020/08/License_Report_EL007285-Ballarat_North-Blue_Ribbon.pdf
What ECR's work at Creswick confirms is the mineralisation at Creswick continues into Blue Ribbon and through it.
This is the latest presentation https://www.rrrplc.com/wp-content/uploads/2024/02/2024.02.14_RRAL_Project_Presentation.pdf Slide 2 gives the current licence position in Victoria.
See slide 2 which refers to Berringa: it says this, "Estimated under 2000m further drilling (or, possible access via Adit to L2) will bring project to a resource stage"
What this means is this; if RRAL can gain access via L2, there will be no need to drill 2,000 metres to get an MRE. What does this mean? Well it is cheaper and quicker than doing the drilling. Has RRAL managed to get access via L2 to the mine so that they can do the work done to procure an MRE? I don't know but we have a CPR on the way. The purpose of the previous drilling at Berringa was to prove up the 3D Model, which it did.
RRAL thinks it has 596k oz at 8.3 g/t.
Conclusion; well RRAL has a project way more advanced than ECR called Berringa. We are waiting on the CPR.
DYOR
The Greenland cost is weird. I could ask AB but I think the explanation he would give me might be ambiguous so I will not bother.
Mbele is the magic word. HS0 is gathering his file. I will be doing bird !!
Strangest thing in the last two accounts 160k in full year accounts and 83k in half year is the Greenland costs ! What do you make of that it's nearly 15 years ago ?
Banburyboy:
Since you addressed me by name, then I will return the courtesy. You stated: "News you are on a hiding to nothing.
The meaning of that is: "That there is absolutely no chance of being successful." So, is that akin to a "curse" on me or on my RRR holding? Not clear, so just akin.
You also stated: "Too many DISGRUNTED ex and current holders told too many spurious stories over a long time."
Let me answer that specifically since your post is directed to me: IF, they are DISGRUNTED ex, that is fine because that is their choice - BUT TO CONTINUALLY POST ON THIS FORUM TO ACCENTUATATE NEGATIVES ONLY appears MORALLY NOT RIGHT at all. Why? No one can say they have NOT lost on stocks but there are CURRENT SHAREHOLDERS and it is NOT FAIR on any of us holders. That is why my --POSTING COUNT IS HIGH.-- Why? You now confirm that ALL except Maidit308 , HawaiiFiveO are the only ones on this forum that are holders of RRR stock. So, posting count is high due to replying to A HOARD vs 3 of us. IF, any are current holders they would NOT be joining the ex-disgruntled either since they are not helping matters by just posting negatives instead of balance. No, I will be successful, and I depend on Genesis 12.3.
Banburyboy yes Helpful will have a good idea but he only lets us know things he wants us to know. He never commented on your questions re the accounts etc. I must admit I did have a chuckle to myself about you being a Congolese spy. You are not are you???
Reccomend this post if you think RRR shares are NOT shorted.