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2 million sell at 0.55 ! Maybe placee happy for just under 10%, maybe thinking get it when he can as if no gold produced and delays at BF which is already happening, then the next placing gets ever closer and cant imagine they would still wnat to be in for that. Watch out for the next pump to assist them ditching their shares - Surely not Lenigas again with an oil venture ??? haha
xx
Bit mouthy [ one of his sayings ] on FASO permits but very quiet for "loose lips " on the 200 tonnes.
As 10% owner of ALR - twenty tons is his :)
Probably the sort of money that falls behind the sofa to our patron.
Yes and for a while "the man with the minus touch"
He's due some luck and good fortune.
Lundy has had two nicknames "loose lips" and " granny mugger".
I've only got one which is Boring boy.
Years ago someone used to refer to AB as Calamity Bell. Seems appropriate I feel.
Gold gold gold FKN everywhere'' but with a very complicated supply chain issue that the illegal been controlling for years by the looks of that report HP'' that's why AB need a huge team to watch every ounce LOL!! and if we keep our nose clean and get in with the local and regional government and pay our proper tax unlike some people that slip it out of the country ? AB will get looked after IMO and perhaps be supplied with an army of security guard on site when production gets going so operation get protected from mine to buyer..
regards
Not me saying it neither HELP its the FASO government and Reuters.
Annoucement was in Feb 24 re new small artesianal permits.
So doesn't impact existing operators just NEW ones.
" As I oftern say Bell could fall in a barrel of nipples and come out sucking his thumb"
Let's hope you assurances are right and we do start production this week swiftly up to $260 as you said.
Holders will be delighted
Hi Helpful.
I qualified at KPMG. Albeit you won't accept that.
I left after two years PQE ( look it up) in the mid 1980s
So I don't represent KPMG.
My comments are as a concerned shareholder and you've not answered my questions re either the Reuters article or permit or 200 tons.
Helpful said production last week of this cash flow net to RRR $260k :)
Tic, toc.
No DRC, No washplant, no lithium, not even a wishy-washy stockbox interview. Even the village idiot is starting to find the 20 day wash plant plane delay suspicious.
I am told Boring Boy has been doing his yawn thing...
https://www.bgti-bf.com/index.php/bgti-en/
https://www.goldwestafrica.com/ouaga-dore
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.responsiblemines.org/wp-content/uploads/2018/04/Publication-supply-chains-artisanal-gold-west-africa_-ENGL_-baja.pdf&ved=2ahUKEwiImIDtgN2FAxWrZkEAHSKPBqQQFnoECDQQAQ&usg=AOvVaw2pewZZ3FgAW6QDG1R9FXHI
Gold is a big industry in Burkina Faso: it is everywhere. Obviously RRR/Faso will be the only company/entity not able to sell gold, because Boring says so.
Not a good advert for KPMG to have this person representing them.
DYOR
All looking good THO'' regardless, Gold on the uptrend once more trying to break away from its base $2300 up $12 ATM @ $2330 and will no doubt test the high again @ $2415 in the days ahead... right place right time for RRR
Morning campers, well if we have had illegal miners on site digging out gold with there bare hands pick axe and shovel for the last 2 years, and making a fortune, then the resource must be huge'' and perhaps that's why it's taken a bit longer than the week expected for that geologist report'' for that deeper understanding of what we have there, as the illegal was only working the surface by the looks of it ? but for balance the RNS for the wash plant delivery expected to come by plane in a few days'' does seems a little bit suspicious 20 days on, as to where is this plane ? one can only start to think that it is already there, and the NOMAD tell AB not to inform the Market yet about this milestone until this director dealing recently settle down for a few days so it don't look like insider dealing ? FK knows'' but it's a thought.... been round these casino's for years... digging for a reason as to why''
anyway'' trading look a little bit better than yesterday for this time of the morning so I'm still hopeful that we will see an update imminently'' what 1 of the 4 vertical we discuss so far that it will be, we don't know.....
ATB
Robins we spoke yesterday - i wonder if this is part of the issue.
West Africa are massive the one Helpful posted yesterday not small scale. RRR are definately small scale.
Perhaps HELP will expand. Hopefully not caught out by another rule change like Zimbabwe.
https://www.reuters.com/world/africa/burkina-faso-suspends-export-permits-small-scale-gold-production-2024-02-21/#:~:text=Feb%2021%20(Reuters)%20%2D%20Burkina,with%20immediate%20effect%2C%20it%20said.
Very topical Helpful
Its not just posters on this board that have expressed incredulity about RRRs statements about ALR and the 200 tons but also reputable financial journalists.
The following was a fairly brutal review of RRR and regulation in general following photo gate.
https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess
Circumstantial but all the personal issues you have with the NOMAD have all been since this criticism and they were IMO clearly stung.
More appropriately so were shareholders, the lack of progress on 200 tonnes and the supposed experts raises serious trust issues that the journalist referred to and need addressing to shareholders as soon as possible. The questions raised by blueboy would be a start.
Please don’t insult mine or others on this board by telling me I can read, I’m stupid I get everything wrong. Its wearing a bit thin coming from someone that does actually (and is evidenced as) getting everything wrong.
Https://twitter.com/jczuleta/status/1783341306711855359?t=s-TmYxE3BYBxGMj9_KoDEg&s=19
DYOR
As the old saying goes, "you've got to start somewhere".
Looking forward to finding out where!
Not in a rush...
Appreciate everyone has different time horizons and patience is not the same as just allowing Zeno's paradox to become real. On the other hand, there is the legend of Milo who was said to carry a calf each day, as he walked, until it became a bull. Afterwards he could probably carry half the farm and tell a good story afterwards.
Let's hope Bell can Rock...
If you read something occasionally you might understand more.
"This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach."
Pretty straightforward really. All you need to do now is look up AIM Rules and MAR.
DYOR
Pretty much all of those projects should be looked at a bit more closely for the ‘disappearance’ of funds, particularly Steelmin. But the Lithium exports, seen as Hapless won’t dwell on previous failures, does need looking at in the here and now. Who did we acquire the 200t from? How much for? Why were library pics used whilst claiming they were our exports? The dummy run for proving exports could happen/be viable, what is the decision? How much are the port costs for storing the product? Many more...As an extra, other than confetti, why is the Nomad not signing off RNS’s? Reach ones are exactly what they say, and are not worth paying any attention to, unless your name is Maidit who still can’t see the wood for the trees.
Banbury my definition of 'export' would include leaving for China for sale.
'beginning to export' is not the same. AB said watch our export's not watch us start something
Bilbae- watch us start to produce gold
DRC-watch us start to collect money
ELEP-watch the start of the US IPO
Australia -watch us start an IPO
Greenland watch us start a sale
Steelmin- watch us start this
etc etc etc
lots of starting but NO FINISHING
Cheers but there a delay on info for some reason.
Hi Robins
I was picking up on Helpfuls post.
I think the licence is the land and the permit permission to operate and export. Part of the permit is putting 10% into local ownership.
There is also a Reuters article suggesting in Feb 24 the Junta suspended the issue of export permits to small scale artisinal miners. Let's hope nothing serious but Helpfuls post implied we were waiting on something. Time will tell.
Nike 45m of 81m went to three directors. So 55% ish.
The terms were pretty good o.o15p.
No problem with workers but Directors ?
I
Banburyboy the rns dated 27/feb states the license remains owned by red rock subsidiary faso greenstone resources. Am I missing something?
Banburyboy, the initial reading of the share allocation possibly seems large and as I'm in not a mathematician, I'm not goin to try and break it down but think it should it be remembered that the allocation is being shared between employees.
Think it works as two free shares for every one share bought by the individual employees. The shares are set aside at the start and then on a monthly salary basis each employee participating, will have a portion of his salary deducted and will be provided two thirds more in keeping with the scheme. This would be up to a maximum of £1800 annual subscription by employee matched by £3600 contribution by the emoyer, enabled by UK Government SIP share incentive plan.
I presume workers who participate would generally have some sort of positive attitude to the companies they work for, which they would thereby part own.
Maidit
Helpful is implying but not actually saying RRR don't have a permit.
Sorry to burst your bubble but that's bad news not good as it means production is a while away.
Maidit the board paid 0.015p as they got three free shares for every paid one. Bit of a no brainer the only loser is shareholders.
Glad it makes sense to you :)