Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Mr Magic says: "Still trotting out the same "jam tomorrow" BS. The El Limon royalty is paltry as you well know and will take countless years to recoup the $3m owed there. Why do you persist in trying to pull the wool over the eyes of readers here on that?"
.............
Mr Magic on Helpful's twitter the other day he posted this about El Limon:
https://mobile.twitter.com/KAi54849317/status/1288222428930465796
Amused to see that you wish other people would do research when you don't do any yourself.
Really desperate stuff there Helpful,
Still trotting out the same "jam tomorrow" BS. The El Limon royalty is paltry as you well know and will take countless years to recoup the $3m owed there. Why do you persist in trying to pull the wool over the eyes of readers here on that?
Migori, no-one was interested in the project imo before it was reported that RRR had had its license revoked and all the legal issues began. You've been pumping that angle since 2018 saying that another license is imminent. You will of course keep saying it is imminent as suits your agenda here.
And likewise you're equally peddling the same "jam tomorrow" spiel about Victoria.
You have your agenda, that's clear to see, you need the SP to reach 0.6p so you can convert all your Convertible Loan Notes.
I hope people will do their research and make an informed decision rather than listen to your awful "jam tomorrow" rhetoric.
DYOR
Tragic,
if you read any RNSs or listened to any of AB's interviews you would know.
1. We have gold royalty income from El Limon, which plans to produce 25,000 ounces in 2021
2. The banking feasibility study and mine site selection process for Migori was put on on hold in 2013/14 when the legal dispute couldn't be resolved and it will be picked up again when the licenses are reissued. The uprating of the JORC to 2mil ounces will also be picked up.
3. Victoria we should get the grant of the first licences during September but we should get the NC 43-101 during August.
On our fourth set of licences in Ivory Coast nothing has been done for a while.
Clear enough now?
DYOR
So reading between the lines there Helpful, is this you actually telling readers here that actually RRR does not produce any gold at all? Really? Don't you have the decency and moral fibre to come right out and say it?
And so all your shameless posturing and fluff and bluster is merely an attempt to "big up" the long term future prospects of gold currently buried deep in the ground ? aka "jam tomorrow" rhetoric?
It's actually worth you being here for the comedy value itself but your penchant for failing to provide the full salient details to readers is sadly appalling.
You're a self confessed holder of the many Convertible Loan Notes here who needs the SP to reach the conversion price of 0.6p in order to liquidate the cash you have locked in there. Best of luck with that.
I personally won't be getting myself caught here buying at current levels only to then watch all the CLNs get converted and millions of shares issued as a result. Goodness me no.
DYOR
https://www.juniorminingnetwork.com/market-data/stock-quote/fosterville-south-exploration.html
Sorry busy, I have to deal with some placings elsewhere.
Tragic, your previous position was that RRR had no gold assets but now you want to know what gold production it has: be honest here Tragic, is this you implicitly admitting that RRR has gold assets?
I know you don't understand this but gold in the ground has a value. Fosterville South has no production, its current market capitalisation is C$286.5mil which in Sterling is £164.65mil. It has similar acreage to the RRAL JV.
I expect the NC 43-101 to be available mid to late August and the listing on TSX to happen early October but I expect an outside funding partner to brought in at the RRAL JV level prior to listing to give a third party valuation on the assets. (NB if you don't understand just check it out it is not complicated).
Stick around a bit longer Tragic, we will have some fun together.
DYOR
RRR produces the same amount of Gold as; Panther Metals, Power Metal, Katoro Gold, Ironridge, Chesterfield and ECR to name a few..
Investors in these co's know they are taking a punt on what's in the ground and are hoping for bigger things to come..
The next GGP is out there it's just a case of finding it ;-)
Another evasion Helpful. Telling stuff
Please go ahead and tell readers here how much gold RRR itself actually produces.
The longer you keep evading and refusing to respond the more they will see your true colours
I hope you stick around for a fair bit longer Tragic, no letting emotional issues get in the way of your sterling work of the last ten years. Even when the SP is multiples of where it is now, I want you to be still on here trolling away for the greater good.
Sounds like you're desperate to evade telling readers how much gold RRR actually produces
Go ahead, tell them
Sound like you are getting a bit stressed there old chap.
RRR never lost the licences at Migori: they have to be reissued under the Kenyan Mining Act 2016. Exactly the same process that everyone else has to go through.
Enjoy your day Tragic.
Laughable stuff Helpful
The El Limon royalty is tiny as we have discussed before. You know this yet still persist in trying to pull the wool over people's eyes here. It will take countless years to recoup that $3m.
Migori lols. You've been waiting for a new license to be awarded for ages. You've been trying to pump that angle since 2018 and saying a new license is "imminent" all the way. Shameless stuff.
And "jam tomorrow" rhetoric for everything else.
So when it comes down to it, the actual amount of gold that RRR itself produces is . . . . . . . ??????
When do you sell out Tragic, 2013?
Tragic do you never read anything?
1. El Limon: outstanding royalty circa $3mil. Production for 2021 estimated at 25,000 ounces. New shaft and face currently being put in.
2. In 2013 RRR announced it was selecting mines sites at Migori and had started the banking feasibility study. This was put on hold because if the legal dispute settled Oct 2018.
3. We should have the NC 43-101 in about two weeks for Victoria.
Ask how much production Fosterville South Currently has.
Again perhaps the shameless rampers here would be kind enough to tell readers how much gold RRR actually produces
lol big seller out !!!!
13% holder Daniel Sklan dumped his shares, had enough of the dilution, left damning comments on SLE here
13% holder Peter Gyllenhammer has just dumped his holding too
Long term holder Briarbank has also just dumped and gone
How many more ????
Clearly these people don't believe in the prospects here.
They probably realise that the rampers are trying to get the SP to 0.6p in order to reach the Conversion Price for the many outstanding Convertible Loan Notes. The holders of those notes have their cash locked in here until they can convert. The notes have been rolled over for a 3rd consecutive year. So with conversion price set at 0.6p I personally anticipate they will convert at the earliest opportunity, thereby adding loads of shares here. Believe what you will of course.
DYOR
Oh look, the resident money loser is back. The market cap is £3m ONLY! And the company HAS gold (amongst other assets). Now, if it was producing the valuation would be 20x from here
- but you wouldn’t understand that would you, as you’ve only really lost money. From here = upside
Morning Tragic, I was hoping hadn't disappeared. Soon.....
Up 11% off a couple of grand buys: MMs have no stock and the big seller is out.
Perhaps the shameless rampsters here would like to tell readers what actual gold RRR has? Gold production that is . . .
lols
RRR ready set go ..lol
ECR and POW doing well so investors looking for a cheapy share with some Gold ground in Victoria will be looking here...
RRR never lost the licences they merely needed to be reissued under the Kenyan Mining Act 2016. Very nearly there.
Lucky RRR is about to get gold licenses back hopefully!! But wait wait wait, it’s been a few hours since magic update the admin expenses!! Surely can’t be too long until the resident money loser and parrot comes along
Yep Yahoo finally gome back to 2016 a few minutes ago I think - but this is only the beginning now because they tried to short it back down on Monday and failed. They surely won't try again - so it'll be in melt up from now on - JMHO