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Reminiscent of the famous Chatty Cathy pull-string doll by Mattel that said phrases like "I love you," and "Tell me a story."
Looks like the SP is getting ready to move up.
Any half decent news and I think we go over 0.8p.
DYOR
More talk from Caracal Gold today concerning acquisitions in Kenya, saying they are in 'advanced discussions' concerning nearby targets.
Red Rock were mentioned by 3 separate directors of Caracal Gold in recent interviews, area consolidation would make sense for both parties.
RRR has been quiet, unusual for them.
Just so eloquent and insightful.
NTOG needs to get its news out, until it does there is not much to be said. Everyone who follows the company knows pretty much what is incoming, they just have to wait.
Anyway, can you keep your asinine remarks to RRR on here? Don't want you getting banned, yet again, do we?
DYOR
Keep pumping you foop
I see you’ve gone AWOL on the NTOG board now then.
Has enough of pumping LOGFRANs pile of c.r.a.p
I wouldn't get too excited.
I am sure RRR is up for a JV but not with Caracal. Basically, Caracal is using RRR to ramp its price.
Interesting though on valuations: Caracal is at £18mil and RRR at £8mil. It goes to show just how undervalued RRR is.
DYOR
Caracal Gold has 'liked' this post on Twitter tonight
@Oilplayer2009
#GCAT #RRR a tie up or a JV in Kenya likely
#RRR mentioned in 3 recent interviews by @CaracalGoldplc - Directors (discussions taking place)
#RRR 245 sq km of Licence area - JORC #GOLD 700k oz
#RRR £7m m/cap - looks cheap + have £2.9m in equity investments - both Co's a BUY
https://twitter.com/Oilplayer2009/status/1434888703302905857?s=20
Ah Mr Super Investor. The ultimate contrarian: buy high, sell low.
Reads nothing, understands nothing but knows everything.
DYOR
Fook me chaps I see you have mr unhelpful over on this board
He’s everywhere ****ing people off
Watch yer backs on here with him!!
It would be disappointing if we ended up doing a deal with Caracal.
Potentially, Migori is a multi million ounce resource. To do it properly we need a better partner than Caracal.
DYOR
This has been posted on A@VFN this morning by 'Mining Lamp' suggests some kind of deal being struck between the two companies .....
MiningLamp6 Sep '21 - 12:13 - 11364 of 11364
Research completed over the weekend suggests Red Rock are potentially going to announce some
deal in Kenya with Caracal Gold shortly.
The evidence seems overwhelming, it could be very value enhancing for Red Rock shareholders.
Caracal could offer partial cash and shares but also have the ability for debt funding should
they so decide to acquire some or all of RRR's licence, remember RRR has
talked about upcoming liquidity events.
The 1st interview comes from their Finance Director, the critical wording is below...
'We are looking at other opportunities here in Kenya very close to our plant
I know Andrew Bell very well at Red Rock, so erm, his licence pretty much adjoins ours, he has just started drilling and has an established resource there.
Would love to use cash/cash-flow on mergers acquisitions & consolidation in the region, its core to our strategy.
We will be very aggressive regionally in terms of expanding our footprint here, when I mean
footprint I mean locally, over the next 3 months further projects coming in to
meet the strategy we set'
https://twitter.com/StockBoxMedia/status/1431225271345057794?s=20
More to follow.
$1,827
Much better!!
Correct Robins the AB factor is a major issue as far as I am concerned. He needs to fall on his sword as MB of THR did today. I have a holding but will not increase it while he is here. Also many of the THR projects are very speculative and in difficult jurisdictions!
No idea what other people think. I have a reasonably large position here, just under 3% and am currently down a bit but that is okay.
I go off what the facts are not what other people's opinions are. I then analyse the facts.
One fact is that the junior markets have been weak and the junior resource sector has been weak in the junior market. Look at all the news that POW has put out. It was at 3.2p without all of the news and progress and is now much lower. Same with other companies.
Partly this is the gold price being lower. Last year it was just over $2,000 and now just over $1,800 having been lower. I keep reading that banks are buying lots of physical gold, are printing money with gay abandon and inflation is picking up. Eventually these macro factors will feed through.
In the meantime, RRR is much further on that it was a year ago. Partly to do with local factors and partly to do with COVID. Ideally RRAL would have been last year but it didn't happen.
DYOR
Helpful I hope you are right. The SP has halved in the last year so potential new investors might get a bargain at the moment but there is no large buying so is it the AB factor where people have no confidence in his ability to deliver?
Do the research and the reading. The recent RNSs have been clear enough.
I expect we will hear on the initial drill samples at Luanshimba tomorrow or Monday. I suspect Monday because Friday is a bit of a dead day for RNSs.
I expect another week to ten days for the first sample results from Migori.
In the meantime, RRAL is proceeding along and other companies are doing well in Victoria.
Elephant should be listed before the year end.
Juno will be awarding contracts for the contract mining before the end of September. I expect them to be mining at the start of Q2 22. After that, they will give attention to the haematite in the transition zone between Mt Mason and Mt Ida. I expect them to come out with news on the transition zone mid 22 and that will likely trigger the first of the $4mil payments due from Anglo Pacific.
All going well as far as I can see just a bit slower than we would all like.
You should always read everything: in the broker note yesterday on page one it said this.
"The Company currently aims to create two significant listable JVs in other major gold provinces, thereby creating further upside"
So IPOs: RRAL one or more IPOs (a lot of licenses and could be more than one IPO), Elephant Oil and two others.
Fingers crossed.
DYOR
Helpful it is nice to see you so positive about this share but there does seem little appetite for this share at the moment. I am over 90% down and am eagerly awaiting AB to come up with a winner but past experience tells me he never does.
Good news for Elephant.
https://www.eni.com/en-IT/media/press-release/2021/09/eni-announces-major-oil-discovery-block-ci-101.html
It will increase the interest in its Benin asset.
DYOR
Good news for RRAL. It looks like ECR thinks they can construct a mine just to the north of some of our licenses. Any good news for Victoria, is good news for RRAL.
https://www.lse.co.uk/rns/ECR/property-purchase-within-the-creswick-license-area-d1f1w9r2x59g3im.html
https://twitter.com/RRR_RedRock/status/1433389795657588744?t=c-AjYTcdS14IWVT4zjmUww&s=19
PS as we add ounces, move indicated up to inferred and improve grade by working in the areas of high grade we make the project more attractive to a funder.
It will be a trade off between spending more money on drilling to improve the grade and increase ounces but not improving the value of the asset. At some point spending more money makes only marginal difference to the value of the project.
I don't know where that changeover is but it is not here or near here.
DYOR
Some interesting stuff in there.
Uses $1,700 for gold (rounded down to the nearest $100). Current gold price is $1,813 and so as of today they would use $1,800. They use 1.5% of the spot price for inferred.
On that basis each 100,000 oz of inferred add is valued at $2.7mil. AB has given numerous interviews where he states that RRR can and should find gold at a cost of $10 per oz: industry standard is $30 an oz.
So on the above basis each 100k of new inferred resource should cost $1mil and be valued at $2.7mil.
Moving the indicated up to inferred at Migori adds about $5.5mil.
So the two big steps forward are moving indicated up to inferred and adding ounces.
After that, it is the feasibility study.
DYOR
https://twitter.com/RRR_RedRock/status/1432996669096878090?s=20
https://twitter.com/RRR_RedRock/status/1432612639914532866?s=19