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Ah Pumpky, a good question but that is not the only factor relevant to RRR. Things that get affected by a higher gold price:
1. It means other companies will be keener on doing deals and/or JVs
2. The valuation of gold in the ground is greater
3. It is is easier to funding
4. It means our royalty from the El Limon mill will be greater than it otherwise would be once payments restart and it means Soma will keener than ever to get it back into production
5. It means it should be easier to spin out/IPO gold assets
6. It means the revenue from Bilbale will be greater than it otherwise would be, once it starts (probably 8 weeks away)
But you knew all that anyway being one of our resident experts who checks everything!
And BTW gold is currently $2,074. Looks like the market has decided gold should be higher.
DYOR
How much Gold are they actually mining as of today?LOL
Gold currently $2,070. A big step up in the last couple of days. Lets see if it holds above $2,050 at the close.
DYOR
For Noirua:
IF, Red Rock Resources went on to the INTERNATIONAL ARBITRATION COURT, be it in Paris, Washington etc, then it could be reported in "GLOBAL ARBITRATION REVIEW."
Having checked on International Arbitration , these are the following legal firms that are nuanced:
-Addleshaw Goddard
-Pinsent Masons
-Norton Rose Fulbright
-White & Case LLP
If all the above London legal firms including Clifford Chance, the leading legal counsel for international arbitration [from the magic circle of international legal counsel] were approached to enquire further at the Commercial Court, Kinshasa relating to RRR Arbitration case, I am quite sure they can help TO DO A SEARCH and CONFIRM the political situation ie as and when it could be resolved. BUT, it will cost more than one's RRR shareholdings , I am quite sure as norm. So, I await the RRR UPDATE on DRC Arbitration -cheaper that way but for those who really, really , want to know, YES, there are legal avenues to do a LEGAL SEARCH via legal counsel specialising in the DRC. Hope that helps as you have enquired over the other forum how to check etc. Thank you. Fri, 1 Mar 2024 DYOR, NIA. I am NOT suggesting to do the search but merely to inform that a search can be done as norm.
News I do admire your posting stamina on RRR. On Feb 27th you started at 00:18 and finished at 22:27
Curious if you get paid by the hour
RRR DRC RNS:
5th Feb 2024: "DRC Arbitration Process Continues." RNS Reach.
14 Feb 2024: "DRC & Australia Gold Asset Update." RNS Reach
27 Feb 2024: RRR Tweet: "We will UPDATE, as promised." https://twitter.com/RRR_RedRockResources/status/1762458247192039596
GECAMINES, DRC STATE MINER: News:
[1] "Guy Robert Lukama keen to restore Gecamines reputation in DRC." -20 Feb 2024, The Africa Report
https://www.theafricareport.com/337610/guy-robert-lukama-keen-to-restore-gecamines-reputation-in-drc/
[2] "Congo's Gecamines offers to buy some of Khazah miner ERG's copper assets."-Reuters , 2 wks ago.
RRR BILBALE RNS, 27 FEB 2024:
Tweet by RRR: "Takeaways: Early cash flow. AVOID dilutive finance? Monitise assets. Able to JV. Retain UPSIDE.
IMMEDIATE SCALABILITY. A lot of boxes ticked." [2] 2nd RRR Tweet: "---THE EQUIPMENT BROUGHT IN for our ALLUVIAL gold T E S T programme at Bilbale will be able to handle FROM 288tph to1,152tph. [3] THINK ABOUT IT."
https://twitter.com/RRR_RedRockResources/status/1762426092051116099 27.2.24.
[Note: The "from 288tph to 1,152tph IS FROM THE RRR RNS, 27.2.24"]
Comment:
[1] There has been NO "failure" DRC Arbitration update to date and we await the update.
[2] Per RRR tweet, the co is embarking on its cash generative plan at Bilbale which is close to majors and has artisanal mining.
[3] In my personal view, it is preferable to obtain a cash generative operation if the "TEST" is successful at Bilbale.
Why? Shareholders do not want dilution.
[4] Todate, there has been NO MEGA placing as the resident suggested due to the RRR AGM in London under Article 4: "Authority to Issue."
FOR THE AVOIDANCE OF DOUBT:
[1] I would like to thank Theeeeduke for his kind comment last night. Yes, that is the situation - it is my personal view that if I have shares in ANY CO, I support the CEO in his endeavours, OTHERWISE, I sell up and leave quietly without critique of the type to ....?
[2] FOR THE AVOIDANCE OF DOUBT: MY REPUTATION on this website remains INTACT. Relating to the Bilbale issue, I do not support an ALTERNATIVE "rns" be it, not enough gold to make it economic etc. Why? I do not invest in small operations so I am not an expert but I do know that IF THERE IS ARTISANAL WORKINGS, they tend to go ONLY for the higher grades, thus indicating to potential junior explorers of the potential of the gold in-situ @the licence.
Theeeeduke: A very big thank you from me - my faith in humanity has been restored at this forum and that where there is a difference of opinion, you have stepped up to the mark to be the impartial party. Very commendable and God Bless.
News, 1 Mar 2024 [Fri]. One can hope for a positive outcome IF things do go right 100%. But DYOR. NIA. The share price has steadied in anticipation of news, whichever way it swings per Efficient Market Theory.
Theeduke-Thank you for the kind words. I recognize people will have different viewpoints and I welcome diversity of thought. I do take strong exception with someone claiming I wrote something when clearly I did not. I try to deal with reality and my perception of that reality may be different from someone else. Even words may have different meaning or context to others particularly on stock forum available on the world wide web.
Even Helpful did not do what News has done.
IMO News just established that he has ZERO credibility
Despite Rate Cut Delay, Brighter Days Ahead for Gold?
View Important Disclosures for this Article
Gold
Share on Stocktwits
Source: Streetwise Reports (2/28/24)
Https://www.streetwisereports.com/article/2024/02/28/despite-rate-cut-delay-brighter-days-ahead-for-gold.html
Good news at last as the Lithium price is confirmed to have risen off the floor.
https://tradingeconomics.com/commodity/lithium
Not a new poster maidit, I've been here probably longer than you. I am invested in the company and fed up of the constant ramping by helpful but instead SP is doing opposite
Thanks for that heads up on the rise of LI, NA'' HP NEWS'' AB, will be please but still need it higher before he consider exporting again but it can't be far off as we will need that cash flow, and don't forget because DRC money is not here yet'' trolls are going to milk it for sure'' try not to get involve whatever you do'' in the days ahead
BTW keep an eye on that new MX18 poster turn up today ??? it look like a name change to me ? the filter button is handy if he persist.... on the road of DAMP'' and you then feel the need to engage to protect your investment
ATB
Https://twitter.com/Robin25461631/status/1763512630004625716?t=xzN3b-T1ctDn-TqSgPNaQQ&s=19
DYOR
Good news at last as the Lithium price is confirmed to have risen off the floor.
https://tradingeconomics.com/commodity/lithium
Talkin - DRC and Lithium are on a slow walked back-burner.
Sadly the company has a track record of moving on too quickly, spinning o many plates and over reaching / commiting.
Your point on gentlemans agreement / SLA lack of clearly defined governance on Faso is well made.
It was rushed into as they are failing in DRC and Lithium I suspect. I also suspect some type of debt finance is in place as shares have not been issued
I just hope they don't rush into something similer on oil in South America.
This is all speculation on my part but having watched this for over ten years it's my considered judgement. DYOR and IMO only.
Good luck to all holders.
I would be massively delighted for DRC to be delivered as some great posters on here.
I'm seriously not sure why he posts as he's just a figure of fun.
Personally I would seldom pop in ( and the company blames me unfairly for a bit of the negative settiment).
Gag Helpful and his ridiculous hyperbole and the company would get some respite from the bashers.
02/02/24:
David Lenigas commented:
"Red Rock Resources has a number of really top-shelf assets and I really do like the push that the board has initiated into reviewing opportunities in the oil and gas sector. I'm looking forward to assisting Andrew and his team in trying and build a company of real size. I see the value of the assets in their portfolio as being worth considerably more that RRR is currently worth, and I will relish the opportunity of helping Andrew deliver growing shareholder value."
From my experience, consultants rarely work for anything less than £500-1,000 per day for run of the mill quality.
The high end high profile (SMEs) are normally upwards of £2k per day.
Anyone know yet what DL is working on as consultant to grow shareholder value?
Is DL on a day rate / tweet rate / bonus linked to share movement rate / Salary?
How much time does he have to give to the company daily/weekly for his consultancy fee?
Worst? That's a massive understatement !
If Helpful could read he would realise evidenced by charts for the last year as gold has risen RRR share price has fallen.
Helpfuls in denial unfortunately the markets perception is whatever the price of gold RRR delivers zero so its not relevant.
"RRR is in a good place" and we cant read. Our Helpful is the worst Investment Advisor in the world and misses the basics of Investment - RRR has an appaling track record that's why Andrew was called ironically the man with minus touch. Sentiment is everything and RRR is I would beg to differ from the expert. Not in a good place.
Helpful - Can you not read ? I said RRR share price not RRR, although could make a case for that also . . lol
Just wondering if AB is including himself in the 200 years of gold mining experience . . . lol That would be funny, although quite rightly the running of the Lemon was an experience to say the least !!!!
Dukey I realise you are not as stupid as you make out. A higher gold price is highly relevant to RRR.
Helpful - Might as well list the BTC price, same relevance it has to RRR share price.
Gone past but nothing changing here
Gone past $2,050.
DYOR
Lithium going up helpy, RRR stays flat..still in loss
Sorry, wrong board. 🤣