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-----------------LITMUS TEST-------------
RRR to potential trade buyer: Maybe, I might be interested in selling RRR Australisia BUT NOT THE KILMORE LICENCES for X price. That means KILMORE [huuuuge area of licences] of OFF THE TABLE. See what the trade buyer says or the REACTION?. Would love to see their face. DL Tweeted: "THESE ARE G R E A T GOLD A S S E T S and could PUT RRR ===========ON THE M A P." [already posted link at https://twitter.com/DavidLenigas comment on RRR Australia RNS, 13.3.24].=============AH, I SEE WHAT PUT RRR ON THE MAP MEANS NOW. LOL.========INDEED, SO and ASTUTE OF DL TO SEE IT. Now with the info, let's test the trade buyer as above - as they say, prove everything.?
[1] Link: www.bonzle.com/c/a?=p&p=302990&cmd=sp "KILMORE MINE: It is a gold and antimony mine and is located on the banks of L I N T O N CREEK in Central Victoria, a distance of about 60km from M E L B O U R N E . The Kilmore mine is at an elevation of 350m approx. above sea level. The nearest populated place is the town of Kilmore, 4.1km with a population of around 3, 600. The nearest sealed road to Kilmore mine is Kilmore Lanchfield Road.
[2] "HISTORIC GOLD MINING SITES IN THE KILMORE YEA REGION OF VICTORIA" by David Bennear. Victoria Dept of Natural Resources & Environment. Source: Available at the Victoria Govt Library Service.
[3] "THE OLD KILMORE DIGGINGS."- 18 May 1905, National Library of Victoria. " Early history of the place. Trove. From the original newspaper of 1905 from the Nat. Library of Victoria [screen shot]: "A VERY RICH LEAD IS RUNNING IN AN NORTH EASTERLY DIRECTION AWAY FROM THE DYKE FORMATION WHICH CONSTITUTE OLD DIGGINGS, FROM WHICH I AM TOLD A VERY LARGE AMT OF GOLD WAS WON in the early history of the place. The old diggings , as it were called is just simple an abrupt HILL that has been badly worked by by old time miners, and IN REALITY has NEVER had a ======DECENT TEST- NOT WITHSTANDING THAT --------===IMMENSE WEALTH WAS WON FROM IT." [Call up the title if interested to read as I can type it all out.]
Comment: Does it not seem rather unusual that EVEN BEFORE RRR AUSTRALIA CAN GET OUT OF THE BLOCKS [dog races], out comes a TRADE BUYER/s? Well, if it were left to me, my SENSES would tell me, better to start CHECKING. Do folks remember the fabulous Cascabel, one of the most legendary finds , currently at 31moz gold plus loads of silver, copper etc? WELL, IT WAS FOUND AT ALPALA CREEK. Sounds familiar ie Sunday Creek, Victoria? LINTON CREEEK -KILMORE WHICH I am sure is in the RRR licence area as its huuuuge. Yes, creeks are 101 . LET'S HOPE THAT THE POWERS THAT BE OWNING RRR AUSTRALIA WILL WAKE UP THAT SOMETHING IS AFOOT cos no one is that keen , even before RRR can say, Ah. Helpful, please BUZZ EVERYONE inc the largest holders as they have got to take a HAND in this. We dont want another MT IDA slipping away due to not know as much as the buyer/s. KOBOLD- That is the Gates, Bezos etc private co -they found the LARGEST this Cth @ZAMBIA, WESTERN FORELAND TREND FROM DRC ROBERT FRIEDLAND'S KAMOA-KAKULA , a fabled mine. How? They employ AL - Al checks EVERYTHING, from linen maps to historical to even sample of the time. So, WAKEY WAKEY. Tha nk you. See, NEW CO NAME: M E L B O U R N E GOLD IS APT -see above.
Helpful, Riveting stuff ie about Glencore. How sweet that they would take it off them as a favour. That blows one's minddd that Glencore wanted it. I say, looking ahead, when the time the cupboard goes bare. My opinion of Gina. Where others could not raise $5bn, dont worry Gina raised $10bn for Roy Hill, the highest ever in Oz history. How did Gina get Roy Hill, THE iron ore mine wherein Gina is Australia's largest tax payer @A$6bn a year just in taxes. Well, AA had it and the minute they let it go back to the Australian mining dept -GINA stepped in. So, one cant step in IF one is not waiting. That is how DL pipped Rio to the Paterson licence by 1 hr. DL can see opportunity like an eagle can spot a prey.? Was there something not so good about the licences. Sure, they were NOT very high grade iron ore, so I suppose they wanted the best, so decided to let it go. Now, dont worry , Gina has got in STATE OF ART sorters and all the stockpile of lesser iron ore , she is raking it in and PROFITS HAVE GONE UP FURTHER. Gina has $25bn to play with, mainly in cash. My personal opinion is that Gina should run Australia - she is better than any Chartered Accountant. She keeps everything lean and operated from a small office with small staff. Mind you, she didnt go to Harvard, finish off at the London School of Economics or pass out from Camborne School of Mines but what a superb woman with all the skills of a financier. No one in Australia can match her.
News, that is a big question, I will go back and check some things..
About Gina, it wasn't my call or RRR's. The call was made by the Juno Board, it's advisers and Jupiter. AB was instrumental in getting the spin out of Juno from Jupiter started. By the time it listed he was no longer on the Jupiter BOD.
Jupiter had decided it wanted to concentrate solely on its manganese at Tshipi and didn't want to do anything with iron ore. AB and Priyank persuaded the Jupiter BOD spinning it out was the right thing to do. Prior to that Jupiter spoke to Glencore about the iron ore: Glencore basically said they would take It off Jupiter's hands as a favour.
The Jupiter board decided to IPO it because they couldn't get their price in a trade deal. Much better to force a potential buyer to pay a premium in the market than to sell at a low price in a private sale.
It makes sense to put Ida, Mason and Bevan together but Gina is no one's fool.
DYOR
For those more nuanced than me, could anyone tell if those two 50m trades were BUYS. I was testing but for large trades, its priced maybe, a bit different as norm @ top of range of the spread. It is large by all accounts, so need to know.
THANK YOU TO MR BELL WHO GOT US THOSE VI CTORIA LICENCES. I SUSPECT IT IS THE KILMORE [WEST] LICENCE THAT IS CAUSING A POTENTIAL TRADE BUYER/S such interest. Why? Next door to SUNDAY CREEK, an ASX co that has a mkt cap of A$160m without JORC or even Maiden Resource yet. Kilmore is not nearology but was THE mining town and only after gold ran out, they went on to SUNDAY CREEK. Look at what the Examiner paper said in 1855 about KILMORE. So, big thanks from me and other shareholders of this co.
The sad thing about all this is that Bell has done this sort of thing 100 times before, issues billions of shares, tells a story about how many billions we will all make . He's like a kids in a sweet shop, see a shiny new sweety and wants too buy it but knows nothing about how to chew it. this will keep him salaried up for a few more years whilst he dilutes more and in the end there will be zero production zero value... name one of the last 25 projects he has spun that has made a return... ZERO..
Helpful, could I with due respect, discuss further about Gina Rinehart. Obviously, I dont run Juno etc so I am cognisant it is not up to me. But I would have LET GINA have the full allocation. Why? The minute her name goes onto the share register, it would be "wild" - AFR , Rising Star Resources, The Australian [Oz most influential paper] and every outlet would want to speak to Juno. But alas, RRR was created as a co in the UK [see admission documents] at the back of MT IDA, now potentially a coming star. I do not know when the iron ore starts to run out or run down but if Gina is interested in Juno, it is potentially for Mt Mason and then Mt Ida. Only the Chinese could take on a huge magnetite project as the capex is huge due to the impurities. AUSTRALIA'S 1ST BILLIONAIRES were IRON ORE KINGS. Now, Mt Ida is in the eye of Gina [maybe Mt Mason too as it is hematite]. Bell was NOT the CEO of RRR then. It was WATSON, the prospector who was MD of RRR at inception. Well, I always want to learn, not from Harvard text but more from the ground, so any comment would be appreciated. IT IS NOT PRICE SENSITIVE or even important at this time to RRR, as this co only now has a royalty, part of which was sold.
Exactly. £6m would have to be desperate. A$20m for minimum ASX listing and who knows MELBOURNE GOLD might capture the imaginations of Aussies and backed by success at KILMORE. Why? I should think , if 60 co's were drooling over the licence, NEXT DOOR to Fosterville ie bidders [Victorian govt was selling the said licence], no probs for Kilmore equally? Top side akin to Southern Cross Gold currently A$160m+ with NO JORC or Maiden Resource yet. Nice. Thank you.
Helpful If RRR could sell RRAL for 6 million it should be done NOW. That a quick profit
No ever went broke taking a profit.
Maidit-- Happy? No I am not happy with this investment. Yes I am a shareholder average cost around .35
Are you shareholder ? Are you happy?
Why did i respond to your post? Because you posted that AB stated --2 days to get cash and AB did not say that. Even you admit that it was your interpretation. there is nothing wrong if that's what you believe. But I believe the process is more involved a-finalize arbitration b-get approved by judge c-take it Gencamines who will then process it for payment (probably 5 just for that d- get funds in DRC bank account controled by RRR e-RRR arrange to send fund out of country
Personally I guess this process is 2-4 weeks. Why am I being picky with details. Because if people expect 2 days they will be disappointed when it does not happened in 2 days , then this board will be filled with posts that AB is a liar, look at his history, remember Greenland etc etc etc
I doubt that RRR would sell for £6m. RRAL should a better pre-money valuation on an ASX IPO with a JORC in place.
DYOR
In a trade sale, since RRR impliedly paid £1.5m [bar royalty element] approx, the deal is worth £3m [100% grossed up]. The fact that RRR got a PREMIUM ie fair value @100% CONFIRMS what I said recently ie it would be sheer madness to raise at the current price of 0.07/8p. Deal was done at 0.15p for RRR value @100% premium. Very fair to RRR and a valuation report is a MUST ie requirement [valuation presumably from an investment bank as norm]. IN A POTENTIAL TRADE SALE, IF , the buyer sees a potential co maker IF LISTED on the ASX, and depending on how keen they are, I would say, FAIR VALUE WOULD BE £6M [in cash and stock or all cash which is not usual]. It all based on how hard the negotiations are. KILMORE, ah that is THE draw card -selling point? THE 1ST MINING TOWN , THEN ONLY SUNDAY CREEK. Aussies will go wild, I would think, knowing the Aussies and how they love all things Aussie.
I would like a really Aussie name: M E L B O U R N E GOLD. Others can chose, DL tends to like names of horse but cant call it Melbourne Cup, LoL. I recall one of DL's co's is named after a horse or so, one poster informed us on a stock forum.
DRC: I have listened again to the interview by Mr Bell today @Stockbox, 13.3.24 post RRR RNS. I have ear plugs on and a bit hard to hear but I get the gist of it relating to the Counsel of RRR's JV partner. I think that here and there, the words of arbitration , Counsel - Minister leaving and " F A I L E D" does appear to suggest that when Mr Bell touches down at Kinshasa, it will take Thur & Fri to sort things out ie working week days. IF, Gecamines will NOT pay, say for example, they are quite cognisant of the legal implications of that , FOLLOWING it on at the International Tribunal. It will be viewed LEGALLY NEGATIVELY, so that is positive. How, it "FAILED", I am not too sure but its got to do with the arbitration etc. I found out who Sam Quinn is - on Linkedin , he is a partner of Silvertree Partners LLP, a corporate services provider to the natural resource sector. By profession, he is a legal counsel.
Maid, a sign that things are turning for the better. AB is moving things forward and they are worried. We have a way forward on the alluvial gold in Burkina Faso, Kenya renewal is now in train, CDI we are talking to people, ALR lithium prices have started to firm, RRAL we now have a way forward as an IPO or trade sale and DRC well we are close.... As always there are left field opportunities in the wind.
DYOR
I just cannot believe how many trolls is infecting LSE / ADVFN and the Stock Market in general, beating on our investment day in day out, to stop any rise, while pretending that they are invested to gain your trust...
FKN disgusting'' the whole system need cleaning up and chuck in the bin IMO, as soon as someone start been nasty to the stock I'm genuinely invested in, I tend to give them a wide berth, just in case they bring me bad luck if i start to argue with them..
Love it that Maidit is back .
Well will this be when Bell brings home the bacon ?
Clever money and form book says no. But miracles do happen.
After Greenland Bell knows absolute proof of receipt in needed. Definitely no Cypriot Banks involved.
|Helpful: Thank you for your quick response. FOR CLARITY, I was cognisant that AIM was NOT in the offing. Why? The valuation will NOT be as high as on the ASX. Southern Cross Gold has gone to over A$160m , not A$132m the last time I checked. So, strike whilst the iron is hot in Australia. Ah, that is useful to know that JORC is NOT NEEDED to list on the ASX. Yes, I was aware that RTO does not get , as advantageous a value as ASX especially it is Victoria gold. Yes, Red Rock Australia could be a company maker, IF tis and that , as norm. Great, thanks. P.S. Not sure how Bell speaking French will have solved matters in the DRC per Blueboy?
That was for maidit, stupid autocorrect. Not that he's maid (sic) any prediction right
Mailing, you shouldn't call anyone out on this board. You've been claiming the money is coming every week for the last 3 months...and you've been wrong every time. Wind your neck in, you're clearly out of your depth here...your fault, as hapless would say.
News, best to not make assumptions.
Sam Quinn is an NED of RRR.
I don't think RRAL will list on AIM: it will be ASX, currently gold Cos doing ok on TSX.
I don't think it will be an RTO, we would have to give up too much.
There is a possible route to a quick JORC but further advice needs taking. Just as with Musonoi where AB had a quick route to a JORC but he was frustrated by VUP doing the dirty on us, there is possible route with RRAL.
I gave the likely steps earlier. NB a JORC is not needed to list on ASX but it would help a lot and it would get the valuation up.
DYOR
No need to tell me what i post SPEC, the only large unknown on here is you, as to which way you are batting ?
as you never seems to be happy with any of the faithful investors post, or any RNS AB put out just like the rest of the trolls ? got my eyes on you'' the filter button is handy if you keep on with this subtle D-RAMP game you been playing for the past 3 month, ever time HP post a link or news'' post something of interest, don't think I have not notice it''
clean your ears out'' stock box ask him how long it will take to get this payment sorted out and he said about couple of days and stock box said so we can expect you to come back with the cash and tell us all about it, and he said yes, stock box say see you in 2 days then, have a good trip
what do you think couple of days mean ? is it not 2 days ? what do you think he is going to DRC to sort out ?? is it not the cash ??
WTF are you calling my name for ? why do you feel the need to talk to me, beat on my post ? why are you so jealous of hearing about DRC cash? after you told everyone the other week that you are only here for DRC cash ? why are you SHTING yourself now that it's coming ? do you really want it to come ? are you really invested ?
good by
Zumore The implication of Gecamines not paying means they sold a property that they did not own. Even if the DRC courts ignore that issue I am sure the international court system would jump all over them
So this must be Bell’s 4th trip at least to DRC, with loads of hype to boot each time. Will he bring back the bacon this time? I like a flutter but I wouldn’t back this old donkey....ever. Something is making my spider senses tingle, and not in a good way but then surely there can be no more excuses? Elections done, new ministers sworn in...? The cynic in me is going to suggest that the funds are safely in an African bank, lawyers fees have been paid and then....somehow...the millions ‘disappear’ with Barry chuckle riding off into the sunset. Now, if only Bell spoke French we could have avoided all this and avoided the wriggly people over two years ago. Oh, those were the reasons why we were told he would succeed 2 years ago.
Excellent. I knew that there was something to flying from Brussels. RED ROCK AUSTRALISIA DEAL RNS, 13.3.24: IFone were to gross the deal up, it would imply that the deal is worth £3 MILLION [£1.5m x 2 bar royalty]. I think there is a BUYER/s for Red Rock Australia and they dont want JV partners etc for legal and corporate complications. If it were to listed, say, on AIM, it would go for a £6m MINIMUM LISTING. However, IF it goes to the ASX, I recall minimum is A$20 Million for listing any ASX co? In a straight buy out , then it is possible to get £6m but it will be a combo of cash and shares, the latter more so. So, decisions, decisions but that are some of the possible critical path. Dont know much about who Quinn is. DRC: It is my opinion that Gecamines will PAY especially now that there is a new head of Gecamines who wants the state miner to be restructure, lets put it that way. I have already provided a link recently. Say, Gecamines does not pay, even that is NOT an issue ---International Arbitration is next potentially. The only thing I am not sure about is: Gecamines should be the DEFENDANT in the next international arbitration to come given they received the $430m from the buyer, a major? In this instance, I am assume Gecamines was paid the full $430m given this is the way it was done before? Long history of this via the previous administration and US gov/Uk govt have conducted investigations and this is again happening at AVZ -took the licence and now given it to a major? Any elucidation will be appreciated as this is just general principles of procedure. That is my understanding and therefore needs to be fact checked for confirmation.? With thanks.
It is 15 hours with a change at Addis Ababa. Brussels airlines is 8 hours direct.
So he should be there around now.
DYOR