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Oh, Mr M , by the way --------our resident on this RRR forum told us A MEGAL FUNDING is coming after the RRR AGM , 16 Feb 2024 in London via ARTICLE 4: "AUTHORISATION TO ISSUE."
Today, is Thur, 29 Feb 2024, STILL NO SIGN OF THIS MEGA ARTICLE 4, RRR AGM, 16 Feb 2024.
So, now as RRR said, CASH FLOW is needed -------ENTER RRR 28.2.24 RNS ABOUT BILBILE small gold potential operation wherein the machinery is going to be flown in.
Surely, Mr M and all here, on this forum MUST BE INTERESTED since CASH ie WONGA for RRR is important, no or yes? So, ON TOPIC as residents and others are posting on the RRR RNS, 28.2.24 on Bilbale etc.
With thanks. Hope you dont mind since everyone has to be interested given the only topic is CASH for RRR. DYOR, NIA.
Yes, Mr M, we can stick to DRC. A Mr N from the other RRR forum [he also posts here] stated he CHECKED
for RRR DRC for the CASE [arbitration]. Of course, it cannot be found - how can it? It is a LOCAL DRC Commercial Court akin to Bangkok, Jakarta and so forth , wherein it cannot be CHECKED unless one get a LEGAL SEARCH AGENT ie Legal Counsel from the DRC. I already suggested that.
RRR RNS and Mr Bell's Twitter reply is the only data we have at the moment. Mr Bell replied on the Official RRR Twitter.
So, what else can be discuss as we are NOT PRIVY to the KINSHASA, DRC COMMERCIAL COURT LEGAL FILE?
Can we stick to the subject "DRC payment"
No one is going to read any of that garbage as they are not interested at all in it.
DYOR
Yes, Helpful. From what I could glean, 0.5% IS THE CUT-OFF.
The gold drilled was at 22m.
The grade is some 2% or 1.5% from recall of the average grade.
Higher grades, there are via artisanal. But pardon me as I read data into the night so I was checking RRR's COTE D'IVORE as well. I know that Barrick is also in Cote d'Ivore.
News, at Bilbale there is what is called an overburden. It will vary in thickness from place to place but probably between 2 and 10 metres. What they have to do is remove the overburden in different places, get to the "pay", extract the "pay" and then run the pay through the plants. Then they will know the grade and through put the plants can handle.
Until they get on site they won't know for deffo where the high grade and low grade areas are. 0.5 g/t should be commercial.
My expectation is we should average around 3 g/t. But until they are actually operating, no one knows.
DYOR
Specinvestor99
You are from Canada and you may understand more than traders on mining. Here's the link to the PRESENTATION of BILBILE & BOULON from RRR dated NOV 2023. [20 PAGES OF GEO DATA]
Link: https://www.rrrplc..com/wp-content/uploads/2023/11/2311_FGR-Exploring-West-Africas-Greenstone.pdf
20 pages of data , geochem , map of the two RRR licences to majors etc, artisanal mining etc.
Comment:
In fact, when I invested in Solgold BEFORE the drilling of Cascabel [history now], all I got was a presentation and from that one could ascertain some useful data to better understand risk vs reward as norm. THE EVIDENCE IS PROVED BY ME FROM RRR PRESENTATION OF DATA/GEO CHEM ETC DATED NOV 2023.
Specinvestor99:
I point you to pg13/20: B I L B A L E GOLD PROJECT --"ROCK GEOCHEM , RC DRILLING & ARTISANAL GOLD WORKINGS."
In the days of Solgold and of every other co , they use the Geochem to know where to drill and the READINGS ie how high/er etc.
RRR 28.2.24 RNS re: BILBALE
From recall, they are bringing in machinery to process the gold which is NOT too deep ie NOT underground mining.
So, going just on ARTISANAL MINING alone, the grades are high enough [in fact high grades], so like many projects, it is a quick cash flow earner. This is not something just exclusive to RRR - the Co-Founder of RRR said on HC, that for say Victoria Gold, it needs a gravity machinery. So, not rocket science. But specinvestor99, you said there is NO GOLD in BILBALE?
As for flying out to Bilbale, NO , I did not say that. It needs permission and if anything happens, the co cannot insure investors. But since investors have got to such a stage that they ask tis and that, then best to check given that the BUKINA FASO MINING DEPT WILL HAVE ALL THE MINING LICENCE AND ANY SUBMISSION OF HISTORICAL data - this is what Kobold is doing to try to find Tier 1 projects/deposits.
Specinvestor99:
That is now better from your EARLIER post ie NO GOLD at BILBANE which is rather shocking.
Let's deal with BILBANE, RRR RNS, 28.2.24.
Are you aware that there has been DRILLING and these are the points : [1] 2 LICENCES covering 348km, major structures & shears, ARTISANAL gold production.. 100% owned " Link: https://rrrplc.com/projects-and-investments/gold/faso-minerals-limited/
Further: "RC drilling at BILBANE encountered good gold INTERSECTIONS, gold ANOMALIES picked up by Geochem, Geochem model being developed, Important N & NE TRENDING FAULTS and SHEARS passing thru BOULONE. Experienced team includes GEOLOGISTS involved in DISCOVERY OF OVER 5MOZ of gold in BUKINA FASO."
LOOK AT ALL THE MAJORS ON TREND AND NEAR RRR'S BILBANE:
Look at the artisanal HIGH GRADE which RRR said they will follow up on their acreage per 28.2.24 RNS from recall. The acreage is large and the DEPTH is NOT VERY DEEP wherein HOLES WERE -------DRILLED----. Have you looked at the MAP and THE MAJORS NEARBY on trend?
I did not mean you, relating to going to the DRC -another poster on the other RRR forum said he cant get the info. Say, a commercial court is in Bangkok, can one get the file except a SEARCH? So, for the RRR DRC arbitration, that would require a SEARCH in Kinshasa. So, pardon me given I was SHOCKED WHEN YOU STATED THERE IS NO GOLD AT BILBANE WHEN THERE HAS BEEN DRILLING AND SO MUCH WORK DONE and the trend of BILBANE is to the majors and SO MANY MAJOR MINES in that vicinity etc of 1MOZ gold at least. BIG NAMES THERE IE MAJORS. DYOR, NIA.
That's balance.
If you weren't so stupid and actually read or understood the links (which I largely post without comment) you might learn something.
1. It looks like the prices of lithium and lithium products have bottomed and are now trending up.
2. The market has started to reprice listed lithium producers upwards.
I have posted the evidence you make your own mind up.
DYOR
Helpful, you're a broken record mate. Your constant ramping is shocking
Https://twitter.com/jczuleta/status/1763227705187729524?t=Z_enc3-k21QZx1LDHnRohQ&s=19
DYOR
News re: gold at Bibale
RRR has announced some exploration results with gold but at this point it is unknown if that gold is of sufficient grade and quantity to support an economical operation. The proposed plan will go along way towards providing that information.
However that is long way from what Helpful was saying.
Checking legal files in Kinshasa- I have no doubt that RRR would announce if the arbitration process was concluded. So NO I will not fly there to confirm that it has not been done. No point.
Property visits- Again no point. First just because someone is a shareholder does not give them right to gain access to a property. I also believe that if RRR had additional information beyond limited drilling results and rock chip samples it would be released. if RRR had a mineral resource estimate then it would be released so there is no point in anyone visiting a property to confirm that it does not exist
PS If you owned stock in Microsoft do you think they would let you view the source code?
NB the name of the property is "Bilbale" which is important if anyone is planning a property visit
FORGIVE ME FOLKS:
You see, at school, they made sure us kids understood 2 things:
[1] CHECK and base things on EVIDENCE. Then, give the other side the right of reply.
[2] Otherwise? Otherwise, one turns into SAVAGES , from school 101? No?
[3] FLIGHT to BILBANE, BUKINA FASO is from £416.
[4] FLIGHT to DRC, Kinshasa £454 - Commercial Court [search for legal file].
So, when I read of postings, I am attempting to keep a reality check and therefore check on the RNS's from RRR.
If anyone has money in this stock, as per the other RRR forum, they can fly out to check. What other SOLUTION is there but to CHECK for self. ?
$2,050 now
And neighbours Kobo on CDI
https://twitter.com/hallgartenco/status/1763210429432479776?t=hnddRIdndQltoOb2_3v3bA&s=19
DYOR
Specinvestor99
I quote your post at @14:33, Thur, 29 Feb 2024 VERBATIM: "Pumpy GETTING TONNES is never an issue, that could be processed in my back yard BUT THERE IS NO GOLD THERE om back yard." [spec said he is from Canada. Time in Canada now: Vancouver 06:46 GMT 8 and so forth.]
ARE YOU SURE?
There is NO gold in BILBANE, from an OFFICIAL RRR RNS, 28 Feb 2024. Have you checked any RNS from RRR on Bilbane?
Going to be interesting - please come back for some meaningful convo given I checked.
DRC
One poster on the other forum said he wants to know. Since it is not ISCID case ie international arbitration, its more difficult to get the case file search. I just checked [did not click on details] but the TOP line stated : AIRFARE FROM LONDON TO KINSHASA is £454. There's one way to find out at the DRC Commercial Court re: RRR Congo vs ?
I believe in doing something and not sit IF one really wants to know. Isnt that what they taught us at school?
Pumpy getting tonnes is never an issue, that could be processed in my back yard but there is no gold there om back yard
so the production rate does not matter
If only we could get a step up in the SP unhelpful.
$2,043
Sudden step up. Let's see if it can go past $2,050 and hold it..
DYOR
One posted posted yesterday posted VERBATIM from the RRR RNS on BILBALE [gold project]. And oh my, "misleading" one said LoL ------exact figures from a RRR RNS, 28.2.24.
I did a bit of checking from ORIGINAL info from RRR on Bilbale for self. Hmm.
As for GREENLAND [the fable], I checked even COMPANIES HOUSE [Official UK govt site] on the co's and there was NO filing. LoL, this morning, it was said it was SOLD FOR £1 ----------ah, so, now truth told, there was NEVER ANY CRYPRUS BANK MONEY. Hmm.
I wonder sometimes.? I was always taught to check and per Hotcopper, they state on posting rules, please GIVE SOURCE for folks to check. Forgive me if I check.
HL just increased buying spread price to 0.7p/0.8p.
Cant give out live prices. 29.2.24 @13:11.
This is the balance to what is said.
29-Feb-24 12:23:17 0.0685 895,000 Sell* 0.07 0.075 613.08
Hardly live - Trade was at 12:23 I posted at 13:08
HL states, VERBATIM: "0.7/0.75p ----NO CHANGE.
That is the spread. I cannot give out live prices per this site's rules.
Thur, 29 Feb 2024 @13:08.
Sub 0.07 sell gone through - Ouch !
Question: Why are there posts that REPLICATE post , twice "WORD for WORD" by a poster from another different RRR stock forum. And why is it that , different posters are replicating another different RRR stock forum's posting?
February the "transformational" month for RRR, yeah going well by the looks of it eh..