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Well you've never been right yet Hapless, so fingers crossed you've actually called this correct for a change. History is not on your side though I'm afraid.
Lots of fluff in there helpful. I prefer to work from the RNS's. 18 placings, CLN's & issues of equity issues since 15/12/22. When does the dilution end?
11/04/24 260k 0.051p placing
14/12/23 500k 0.075p placing
11/12/23 110K 0.11p placing
19/10/23 500k CLN
22/08/23 52k CLN
07/08/23 623k CLN
22/06/23 288k 0.165p placing
30/05/23 33M shares issue of equity
30/05/23 65k debt paid issue of shares
24/05/23 56k debt paid issue of shares
12/05/23 18M shares sip
11/05/23 535k 0.1425p placing
04/05/23 30k debt paid issue of shares
14/4/23 £25k debt paid issue of shares
04/4/23 223k 0.18p placing
15/3/23 348k debt paid issue of shares
24/02/23 26M shares issue of equity
15/12/22 500k fund raising
For the public record Helpfuls FASO numbers.
-5,000 ounces net to RRR
- $550 per ounce cost
- 1,100 tonnes throughout per hour.
Let's hope he's closer than his 1 -5m tonnes Tin Hill quote [ curtesy of Zumore]
Go on Doggie, I will play your canine games.
Why would you be interested in what I think? Surely you are the expert and far better informed than moi?
Who knows? Until it is done it ain't done but we have lots on the go, as you know (or maybe not, the expert stuff does seem to get in the way). Your question is a compound question and therefore not really a question but seeking validation of the premises.
My numbers on BF look pretty good to me but it is income and takes time to come in (income being a flow, as you know).
Capex and opex are different: Bilbale should cover opex including corporate overhead so it depends what the capex is.
Capex: needs to spend $250k on drilling in Victoria; $150k on Luanshimba; $150k on drilling in Kenya to restore the JORC over 1mil Oz; $200k on drilling in Burkina Faso. But deals in Victoria and CDI likely. Kimono needs picking up and ALR needs to get going again on the licences including looking at the tin at Tin Hill.
Don't forget(not that you would) that Bilbale alluvial is three phases: the start phase with a small number of wash plants flown in, the second phase with rest of the kit shipped in and the third is the production licence for mechanised production probably October.
The serious stuff is the mechanised, probably $10s mils pm.
DYOR
While you are here helpful. Do you think rrr will have another discounted placing in about 2 months diluting shareholders again?
Morning helpful, a proper old skooln RNS silly.
Https://twitter.com/jczuleta/status/1780483091603026152?t=5V85ssjt1cMD5bwt2eaLRA&s=19
DYOR
Morning trolls, just checking in....
So if we get news on the wash plants for Bilbale should it be in an RNS, RNS Reach or a tweet? Or even all three?
Thought it best check with you, you know with you being experts and non-shareholders and all that.....
Https://hotcopper.com.au/asx/sxg/
Southern Cross Gold [49% owner of Sunday Creek , Victoria, Australia , share price A$2.17, MKT CAP A$198.6M.
So, Shaw & Partners has just issued coverage and price target A$2.61. This just came out, Tues, 17.4.24.
Hi,
It''s a ROLLOVER, not 2 buys.
It was a sell followed by a buy, a few seconds apart at a cost of £135 plus dealing costs.
Evening Maidit308. I have been OUT fixing my teeth. However, just before I went out, I noted the then NO 1 TOP RISER, a goldie with a market cap of £19.78m. Their RNS today announced the initial findings of a 3 hole drilling at Jennings-Pioneer in South Carolina. No details yet but it is supposed to be a gold-silver & copper project. Earlier, on 25 Mar 2024, a 4 hole drilling programme was done at their South African project - 1 hole missed but NO detailed assays either.
There is another Zimbabwe AIM co with a mkt cap of £13.71m Two hole results came out with 2.53m & 1.32m @29.08 g/t gold & 1.08g/t from 97m & 214m.
RRR: NONE of the above 2 co's have a GOLD RESOURCE DEFINED BY JORC. So, very early drilling and thus far, the above is left to the reader. RRR has a 1.2moz JORC gold deposit in Kenya and hopefully, we will hear an update as to the renewal of the licence.
RRR AUSTRALIA:
Some one on Hotcopper Southern Cross Gold said that the MKT CAP IS APPROACHING A$500m. Why? As I said, Southern Cross only owns 49% of SUNDAY CREEK, VICTORIA, OZ whilst the 51% is owned by the parent, Mawson of Canada. Southern Cross Gold's mkt cap is A$219m from the last time I checked.
So, RRR at KILMORE, the 1ST GOLD MINING TOWN before SUNDAY CREEK does appear to show promise given Paul Johnson's commissioning to see if the Sunday Creek mineralisation EXTENDS into RRR/POW Kilmore. It does at Donnycreek, Kilmore with 200g/t gold vs 199 g/t gold at Sunday Creek. Helpful posted the latest Mar 2024 presentation of Sunday Creek and higher gold grades have been found. DRILLING CONTINUES and A FUNDING ROUND JUST FINISHED FOR A$10M. NO RESOURCE STATEMENT YET EG JORCE. EXPLORTION TARGET 1.6MOZ.
QUESTION: AS WE HOLDERS AWAIT THE CPR AND SIGNATURE FOR RRR IPO [thanks to Maidit308 who gave the link to POW recent video interview in which the CEO said POW Australia-RRR Australia is HEADED for Oz IPO?]. IF SO, THEN , IT DOES NOT TAKE A GENUINE TO KNOW THAT FOR BOTH POW & RRR, KILMORE MAY BE --------potentially akin to Sunday Creek, and IF, it is so, proven by drilling, THE MARKET CAP will exceed ANYTHING on AIM for both co's.
However, RRR may have to CONSOLIDATE its portfolio and hopefully, they KEEP RRR AUSTRALIAN IPO. That is my view if it is potentially possible. CANADIANS WANT TO BUY INTO SOUTHERN CROSS GOLD due to demand and Southern Cross Gold will be dual listing shorting in Canada. Hope management will say something. DYOR, NIA. Tues, 16.4.24 @6:20pm, Stock Mkt Closed. IT IS ENCOURAGING THAT THE GOLD PRICE IS HOLDING - all goldies are in a better position with a good gold price , so watching the gold price is of relevance?
Good evening NEWS'' nice to here from you'' welcome to the evening session, look like green boxes have been running riot while you been away 14 post because of a 4% rise LOL!! I'm sure you will sort them out tonight M8
good luck
same again tomorrow hopefully
ATB
The spread showing on this London South East RRR shows the above.
Spread 0.55p & 0.6p.
For the TWO LARGE TRADES [in blue], a premium was paid at 0.064p & 0.065p. The 0.058p showing in red are sells. The transaction after the two large trades was a buy at 0.062p for £245,000 @395,169.
NOT sure WHO is BUYING give the two buys were timed at 13:57 each and secs.
[[1st post today].
Robins In addition to asking about Lenigas (consultant we can add to the list: Quinn (Director), Borelli (Director) and Ronaldson (Corp Sect)
What are each of those people doing?. All of them are getting paid so what are they doing? I have not checked but I guess that collectively they make more than AB, so what have done? accomplished?
Spec and what is this Lenigas fellow achieving. As you say we all do not know what is going on at these meetings. But what we do know is that often when AB does communicates something it never turns out positive or is a bit of spin. But we do have gold everywhere so we can only hope.
AB meetings- RRR shareholders are in the dark-meaning we have no idea of the purpose or result of any meeting, whether it's in Kenya. DRC or Dubai. I suspect AB meets with people in London as well as other parts of the UK.
For those readers who are in business for themselves or are employed I am sure you have personal knowledge about meetings-some are worthwhile, some may actually lead to something but most meetings dont accomplish any meaningful results.
Maybe the Kenya trip helps the renewal process, maybe it was unrelated to that effort. The information is interesting and serves to highlight that RRR has other gold interests
Just looked back at the asset review from Nov 2023 RNS. Still waiting for progress to happen. You have to admit that AB simply does not achieve. Unbelievably really.
Sorry- was trying to specifically post NIGHTJAR TAGGED IN ESTONIA ENDED UP ON PLATE IN CONGO - suspected eaten.
Didn't he stop off in Dubai to meet an imaginary Chinese consortium too?
Still waiting to see how that went!
My opinion.
I'm sure the one day stop off in Nairobi was purely an attempt to get people's imaginations running wild about the Kenyan license renewel. He dawdles around in Nairobi "they will think i'm meeting somebody important". Then he flies off!
Like his DRC visit the other week he put them and today's Nairobi tweet on his personal twitter.
https://twitter.com/ABell2019/status/1780077825879396815
Why? Just like his DRC tweets the other week so they and today's tweet can quickly be buried under his other tweets.
Every air expense attributed to RRR brings the next placing/fundraise closer in my opinion.
What can happen in a day?
--license renewal- Kenya wanting to hear straight from AB about RRR's plan
-exploitation permit- production permit for tailings
-meet with possible JV partner or purchaser
So lots could happen in one day
“here goes the afternoon big buys x2 13m buy just now”
If think these were buys you shouldn’t be investing in the stock market.
TDT
Kenya has been mothballed for 15 years.
We owe Kansai $1m and have for years - paid for wait for it out of DRC cash !!!
Nothing will happen in a day visit he's just in transit.
Helpful on 20 ounces a day net to RRR. Means his 5,000 ounces takes ten months.
I would be truly amazed if we achieve that. My target is a more modest 5 ounces a day net to RRR.
Never been wrong yet on any of the hyperbole. 200 tonnes of Lithium lol !! Might be wrong this time. Time will tell. But we should all agree RRR allways dissapoints. Its a hard habit to break. First time for everything though !