George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I think shareholders are more concerned at present with the CEO spending money like water compounded by no asset sale and buying more property, no DRC payment, no directors salary cut, no washplant and no explanation of the cause of delay culminating into the mass dilution that has occurred 25 times here in the last 2 years. Talk about fiddling while Rome burns, just turn the air conditioning up and dismiss that the house is on fire. Tic, toc...
Help - have we got a permit ?
If not how long does it take to get one ?
What are the conditions ?
You have previously said we would start small scale production in mid April. What went wrong ?
Presumably no point bring wash plant in if no.permit ?
Hopefully the company will update soon.
Helpful as I have told you many times.
The increase in the price of gold does makes new mining decisions more attractive. So you are right there.
However the concentration will be on QUALITY assets. There is no evidence RRR gold assets pari passu against any relative benchmark are very highly ranked. They are a rag bag awaiting jorc tied up in IPOs or in difficult African jurisdictions.
Holders and future investers are more interested in
- The 200 tonnes of Lithium where is it ? Did it exist. Perhaps we should paint in copper and pass it off as that commodity ? Trust issue.
- DRC imminent. Just the elections ! Trust issue
- Faso production in mid April 24 and $260k a month you promised us. What went wrong. Your credibility shot.
You really are the most ridiculous person.
The only thing happening here is 700m shares issued to raise cash and a GM to allow more authority to issue shares.
I have called the SP decline right for three years. You have been wrong every time.
Morning trolls, more bad news for the trolldom.
https://www.fxempire.com/forecasts/article/gold-price-forecast-the-bull-run-in-gold-miners-is-just-starting-1426464
The way this works is valuations of assets and companies pick up. Companies raise money because they can and they go shopping for assets and takeovers. That pushes asset values higher and company valuations higher: for everyone....... Including lil' ol' RRR.
Top of the morning to you......
Looking forward to updates on BF (gold fkn everywhere), on Australia and CDI.
DYOR
Morning HP'' and all invested, look like AAL has rejected that BID approach from BHP because copper is on a tear ATM, INTERESTING'' regarding RRR own copper asset ? and what it could now be worth''
https://www.proactiveinvestors.co.uk/companies/news/1046196/anglo-american-rejects-bhp-as-copper-prices-surge-to-two-year-highs-1046196.html
Regards..
Breaking news, takeover fever in the mining sector'' AAL have had a BID approach by BHP for £31bil just goes to show there is money in rubble, AAL had 29 RNS today LOL!! Suppose most of those is TR1...
it is said the city is not happy losing i of there biggest giant to Australia ?
and funny enough, RRR seems to be at the right place right time in OZ...
And all that good stuff.
https://twitter.com/goldseek/status/1783925511439147278?t=-sN-gDKUnhj6g2MzivzpEQ&s=19
Gold assets are going to flip from a period of massive under-valuation to massive over-valuation.
Question is how much over and for how long?
RRR has lots of gold assets.....
DYOR
Well Mr Market certainly got a bit of liquidity today'' 12m worth ? and the trolls really got excited at 1 point I bet'' but the lady is not for turning I guess'' therefore nothing else to talk about with no SP drop apart from AB few days'' that seem to give them the giggles, we will give them that one for the weekend....
looking forward to next week already and hopefully it comes with a new high on GOLD,
ATB
Bit surprised Helpful that you did not mention in your news that is due comment the Congo cash. This is supposed to be a near term objective too.
I am surprised you are holding yourself out as an expert on two bit hookers now. I would have thought they were out of your price range.
Also RRR might only get a mining permit by going big !!
Small miners not allowed permits according to FASO government and Reuters.
Helpful has me on filter and never responds. He went out of his way to come on and rubbish me on that Reuters posting. No denial or sugestion I was wrong merely a bland statement
" loads of companies mine in FASO but RRR can't because Boring boys says so"
I did not say that I posted a legitimate article.
Could history be repeating itself ?[ Zimbabwe export ban ]. What do I allways say about Bell and a barrel of nipples !
Wheres the money coming from to go big because we have to as we misunderstood the rules ?
Conjecture only and IMO only but Hapless is all over the place.
He's pivoted from small scale production last week or this with $260k net to RRR to now its go big hence delay so wait for the $10m a month hype.
It's pathetic and doing the company who are saying nothing no favours.
Someone should write to the Board about gagging him. He's a liability
Go BIG or go home! What a 🤡 🤣
Any wiff of good news like that and Bell would have been all over it like a two bit hooker!
There are an infinite number of possibilities and yet given the totality of activity within RRR and Burkina Faso you make a statement that one possibility is that RRR could go bigger and they might go bigger from day one?
Why make that comment? RRR announced one plant was being flown in and would arrive within days yet you make the suggestion that this plant might be idled or even sent back because RRR might want to go bigger.
To me this suggests that you know that the plant will not arrive (most likely outcome given your statement).
200 tonnes hapless. Does it exist ? What a fiasco
The thing is Hapless, you’ve been saying “news soon” for the best part of five years now. And look where the SP has dropped to in that time. For supposed ex army, your time keeping is pretty shabby.
In the next FEW DAYS 5TH APRIL 😆
Doggie, you are such a pl****.
I comment on news and post links to technical stuff. We know what the recent statements were, we are waiting on an update. They said that they were going to move an initial plant out by air and then more by ship. No statement! What are the possibilities? Unfortunately for you not all of them are bad news.
This is what the RNS said: https://www.londonstockexchange.com/news-article/RRR/drc-and-gold-assets-update/16408973
"leading to early alluvial gold production initially at one location but then at up to four locations. The first gold wash plant is expected to arrive by air within a few days and will start operation."
Maybe after reviewing Willem's report and the practicalities they have decided they have to go big from day one? Ever consider that possibility? As with everything there will be two costs; fixed and variable. Much better to have a bigger operation to spread the fixed costs across. I can't see AB and Sam being keen on staying out there for any length of time unless there was decent scale to the operation.
Only pointing out one possibility...
BTW we have this sort of drivel any time RRR comes out with some news or some non-troll posts on here: "but what about x?" Well BF is front and centre right now but we are due news on Australia and on CDI. It doesn't mean that they are ignored just that the news has not arrived yet. So if it comes out with other news, the trolls will be, "Oh look, it is all about x now and BF is forgotten"
DYOR
Dogs - anyone serious about investing in this company should really consider your question " does the Lithium really exist ?
Should be pretty easy to provide confirmatory proof/ evidence through the NOMAD and an RNS with next steps. That might get the SP moving and would be great news with Lithium prices rising.
Helpful very quiet and its hardly earth shattering stuff. Not even an angry rebuttal from him on the 200 tonnes . He ignores it. Interesting DYOR.
I truly believe if Africa as a whole cut out all illegal miners and corruption in all commodity sector from the bottom to the top, that continent would be the riches in the world, there is really no need for poverty in Africa, if it wasn't for mismanagement... of the riches in the ground
Geologists report??? Looking shady. No washplant. Even helpful has given up pumping the event...
Just like lithium.. 5 chinese buyers... fake photos... does the lithium even exist?
and DRC... Bell doesn't understand where the process is... 28 months and no signatures.
25 dilutive events in the last 2 years...
Tic toc, 45 days until next dilution???
Zumore I think Lundy going quiet on FASO after three weeks ago saying production last week or this is massively telling.
His post saying they are still issuing permits ( albeit to a big player) indicates to me the issue might be RRR lacks a permit. Why else post that ?
I don't understand the significance but it doesn't sound good and ties into zero news.
Once again loose lips as at worst let the cat out the bag and at best created confusion.
Feels to me he's a real PR liability to the company and its him as much as the company that attracts the negativity.
Aside from the buy one RRR share get two additional shares free, in the RNS the other day an additional 36 free million shares were given to RRR employees. So 6 million each or £3600 each in free shares. Though scrolling down the RNS only 5 names were mentioned including of course Andrew and Scott. So i wonder if the 6th not named person who got 6 million free RRR shares was David Lenigas?
Https://twitter.com/jdsheal/status/1783555444264558997?t=rUc0CLoPekI9hu0S0gBxGA&s=19
Interesting.
DYOR
Anyone knows what Scott Kaintz does for his 87K a year ??