Hi. Someone made a non polite on Monday comment about 'newbies' joining this agony column. Well I am one such 'newbie' and I bought shares in this enterprise through a misposting on RGM where someone mentioned triple R.
I did my own research and despite various unflattering comments about senior staff of the company already posted on this bb, I went ahead and bought a modest volume.
I know the area on the otherside of the border (Ghana) along the same seam for which RRR has made application for a licence in IC, and if they can pull that off, then it will make HH look like a takeway snack, providing the yield of AU in the IC licence area is as good as in Ghana. 1 major AU producer in GH along the same geological formation found markers in excess of 90 gms per ton, although the average production recovery is closer to 1.5 gpt. As for alluvial AU, the potential is.........!!
IMO, despite the various delays in selling off assets to raise capital to progress AU recovery in Malawi, if this can be done so the company has its processing plant in place before the next rainy season, then some very serious pennies lie ahead.
Same, just don't have any more money to put it here. My average is probably down to about a penny now. I am thinking what price it would take on the way up to sell at a lose. Contemplating 30% loss as acceptable? Pretty grim.
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