We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
thank you for providing more context. While I am not familiar with the Australian process I am with the TSX. The TSX will also review the technical reports and require the consulting to make changes. All of which creates the variables in the exact timing
StockboxMedia 24.5.22 tweet:
"RRR-Key licence granted at Victoria Gold JV. This announcement makes a big difference to the RRR listing where it is now ful steam ahead."
A few more points to add from the Andrew Bell, Chairman, RRR interview today with Stockbox Media after the said RNS on the new licence, Victoria, Australia JV:
[1] Mr Bell said that the awaited licence came in on FRIDAY, so Mon to prepare the RNS, Nomad & legals to view etc.
[2] The Consultant Geo NOT only did a report and his remarks as above but took the report to Perth Geologists as well. Mr Bell also showed a co ie 3D models. So, consultations all round.
[3] Mr Bell also mentioned that one needs "GOOD PROPOSITIONS" to go ahead by which he meant IPO.
My Comment:
As I said, an IPO on the Australian Stock Exchange has to go thru many loops
and one of them would have to be at least a Geo Report but in this case the said Consultant Geo did a Ajax mine report and his remarks as above ie title of tweet above and had
peer review. No doubt there would have to be a fair valuation as well given ALL NEW IPO's in Australia have to have a MINIMUM A$20m mkt cap. One cant just list without PROPER LISTING DOCUMENTS AND SUPPORTING TECHNICAL REPORTS/VALUATION ETC.
So, the comments earlier today may not have been cognisant of the stringent Australian Stock Exchange rules but may be just a layman's idea that AN IPO is just based on views?
I dont know but I did know it is not like that for ANY LISTING, even on AIM etc in London.
DYOR.
Bells comment listing 2-3 months IF everything was in their control which it is NOT
Since something always happens to delay the process I would guess 4-5 months
This is a process in which the Australian regulatory authority will review and process. I suspect we all know that any government moves slowly
Obviously the additional license is positive news and the listing process changes from "on hold" to "moving forward" IMO
-------------------NEW ANDREW BELL, CHAIRMAN, RRR INTERVIEW TODAY 24.5.22-----
Link: https://twitter.com/StockboxMedia/status/1529100475630505985
Stockbox Media tweet just appeared on my Twitter so I have just listened to it.
What I could make out:
"Andrew Bell: During Covid, a Geologist did a report on Ajax mine : BEST CHANCE OF FINDING
FOSTERVILLE. He took it to Perth geos - looks good. The Geo told Andrew Bell: Just apply for the licence.
A co [couldnt hear the name] looked at the 3D and they love it. Ajax produced 300,000 ozs of gold at 14 g/t. WAITING FOR THIS LICENCE - Waiting for this to have a good proposition to go ahead [think Mr Bell mentioned one needs a good proposition to go ahead for IPO]. Complex Geology. If no delays, 2-3 months." [Ref: RRR RNS, 24 May 2022 on getting 3 licences inc Ajax mine area]
My Comment:
One poster on this forum mentioned about the title tweet from RRR. So, now it transpires that it was INDEED from a Geo and there is a report on it.
Ref: Post at 12:10 with link from POW of the new licence AJAX mine [RRR/POW JV], Victoria ,Australia.
Click to see the link from POW re: map.[Today's RNS from RRR/POW on new licence granted].
FOSTERVILLE - KIRKLAND LAKE.
Marked in light blue on the map.
FOSTERVILLE SOUTH - Newish IPO in Australia.
On the map, almost adjoining Fosterville, JUST SOUTH of Fosterville marked in GOLD.
Latest: " Fosterville South jumps on gold drill results."-Kitco News, 29 Apr 2022.
RED ROCK RESOURCES/POW JV, VICTORIA, AUSTRALIA [IPO]
The new licence area [Ajax mine] is to the LEFT of FOSTERVILLE SOUTH' s licence.
Comment:
I have only just seen the Fosterville South licence area, SOUTH of Fosterville.
So, no wonder why there may be interest in Australia over this area especially given it is
near Fosterville mine.
Tues, 24 May 2022.
P.S.
End of RRR tweet as above has : "WE'LL SEE."
So, they further qualified it. tues, 24 May 2022.
Helpful, Tues, 24 May 2022:
Thank you for your supporting document of 16 pages on Daylesford, Victoria , Licence EL 00733
from Oretek from Melbourne, Australia [16 pages] - Red Rock Resources Sep 2020.
Oretek appears to be a Geo Consultancy?
So, useful to see all the reports that need to be filed for the Admission Document for an Australian IPO for Red Rock Resources /POW JV of the Ballarat , Victoria, Australia which now includes the DAYLESFORD licence per today's RRR RNS.
From Australian history, I am cognisant that FIRST GOLD WAS DISCOVERED IN THE DAYLESFORD area, Victoria gold fields, Victoria, Australia. [near Melbourne].
The tweet re Newcrest was their quarterly report covering amongst other things Haverion. Nothing to do with opinion. Look at the grades they were getting excited about.
Not everyone is on Twitter and what the company is tweeting and/or retweeting and/or liking is relevant.
This is the Oretek report of EL007330 https://www.rrrplc.com/wp-content/uploads/2020/09/Licence_Report_EL007330-Daylesford_Rev0.pdf
You might find it useful to read. Maybe you can then do your own comparison v Fosterville.
PS you revealed your true self earlier: it is clear that you are not interested in any facts on the ground. Your grudge against Andrew Bell reduces everything else to nothing.
I suspect there will be some interesting investors in the pre-IPO round now that Daylesford has been granted.
DYOR
darrientaylor
For your attention:
Notice the word : "POTENTIAL" from Red Rock Resources dated 24 May 2022, post the RNS today.
Notice the Red Rock Resources tweet, 24 May 2022:
"It changes its undeniable P O T E N T I A L ."
Verbatim from the co.
More accurately, ALL CO'S whether it is on London AIM etc or on the Australian Stock Exchange must produce AN ADMISSION DOCUMENT with the pre-requisite ASSET/s
and preferably A CONSULTANT GEO's REPORT AND SIGNED FOR WITH QUALIFICATION ETC.
This is a pre-requisit for ANY LISTING and in Australian, the minimum listing is A$20m?
On London AIM, the new listing requirement is £6m.
Currently, RRR has a mkt cap of £5m [bit less depending on the spread].
So, is the poster saying that a CONSULTANT'S REPORT IS NOT ADMISSIBLE WHEN THE AUSTRALIAN STOCK EXCHANGE MAY REQUIRE IT FOR A NEW IPO for an exploration co?
It is typical for many of the ADMISSION DOCUMENTS that I have seen personally but I dont know for others.
Tues, 24 May 2022.
Again, only 6 TRADES and small trades. I will check again at the end of today, when the total is known.
Note the RRR tweet with the chart matching the geological, strike etc.
It is based from a "CONSULTANT."
---------CONSULTANT would normally mean CONSULTANT GEO.-------
Can one oppose unless one is a qualified Geo who can sign off with such a view?
For Balance and completeness.
It also stated potential from RRR.
This will NO DOUBT [?] be in the IPO DOCUMENTS for the Australian Stock Exchange as it is NORM to include a CONSULTANT GEO'S REPORT and one who is qualified enough to SIGN such a report.
gotta love, the tweets, being touted as facts..... peoples opinions in tweets are not investment advice, they are no different than the ramps on these boards. no doubt paid for by AB as well.
Red Rock Resources tweet:
" The GRANT in Australia of a LICENCE inc the old AJAX MINE which mined 300,000 oz at 14g/t-nearly 0.5oz up to the 1920's is not JUST another announcement for RRR. It changes it undeniable potential; SOME SAY IT COULD BE ANOTHER F O S T E R V I L L E."
-Tues, 24 May 2022 [Post RNS].
----
MAP OF AJAX AND LICENCE
Power Metal Resources[POW] , the other JV partner to Red Rock Resources tweeted the map of Ajax and Licence granted today to RRR/POW. It shows where AJAX mine and LICENCE is and where K I R K L A N D LAKE'S F O S T E R V I L L E is.
Link: https://twitter.com/PowerMetRes/status/1528981304355725314
or https://twitter.com/PowerMetRes
==Earlier post below is another a tweet from Red Rock Resources [RRR] with a factsheet of Ajax/licence area vs Kirkland Lake's FOSTERVILLE, Victoria, Australia which is from
a "CONSULTANT."==
My Comment:
One poster on this forum commented recently that RRR/POW was waiting for the grant of this licence relating to a potential I P O in Australia. I did not want to comment as in my opinion/view, the only licence that would perhaps interest Australians and an attraction would have to be near FOSTERVILLE?
LoL, looks like I was right as to the guessing of where this licence might be OR have to be more accurately.
This IPO [potential] is to be on the ASX market from recall but I dont know the latest.
So, have to wait to see.
DYOR.