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Maidit - I estimate you need a 200+% rise just to get to break even?
How much do you think this will rise in order to justify your ongoing faith in RRR?
p.s... I genuinely hope you are right and RRR gives me an opportunity to exit without a bloody nose in the next 19 days or less.
Thanks BB - how long do you think before the 1st raise is absolutely required. Clearly there is intent with the issuance request at the AGM but would you think it is required immediately upon passing at the AGM.
I'm trying to ascertain current burn rate per month as I cannot find much on this in the releases.
Clearly there will also be a large one-off lump for the 200mt purchase and no sale yet agreed but optimistically expecting partial recouping of outlay in March for this.
Won't be long now HP, and all the silently genuinely invested, every dog will have it's day
chin up and be patient
ATB
Talkinto - he did a 25 to 1 consolidation a few years back. There will be multiple small shareholders with balance on there ISAs and SiIPPs valued at £10 or less and not worth selling.
The way AB is going we may have some more.
DRC news will be leaked so watch out for a huge amount of buys sells on no news. Allways the RRR giveaway. Nothing yet makes me think days is optimistic
Interesting question Talkinto.
The legal floor is a nominal value of 0.01p. He can't raise lower.
So 1.5bn shares at 0.05p will raise 750k
Next raise say 0.3p say 3bn shares raising 900k.
Final role 5bn share at 0.01p = 500k.
So worst case scenario for me is 12bn shares in issue a price of say 0.02 ( same cap as now) with £2.1m raised.
That will keep RRR going a year tops. So he definitely needs some "income" producing event. Finance charges are getting huge and I'm not sure that will last a year.
RRR is in a good place - Helpful last week :)
Simple question to all - given the recent raises, how long can RRR continue without a further raise?
The scenario excludes receiving the illusive/elusive (take your pick) DRC payment which I interpret to be supposedly due in 3 days or less.
Well Helpful the bashers have never been wrong yet. You have been wrong for five years.
Use the SP as evidence to your woeful advice.
Https://stockhead.com.au/resources/mako-golds-district-scale-exploration-and-expansion-plans-for-napie-are-starting-to-bear-fruit/
Up 33% on the day. Top mover. But the non-shareholders in RRR know better. Mako has about 14% of the Napie Shear Zone, Lacgold has most of the rest.
DYOR
Dukey
The bit I love is they redrafted the annual accounts at the last moment to reflect DRC NOT being received.
Looks like they led the auditors up the garden path for no reason other than saving face.
It's a trait deny failure don't mention Greenland it never happened.
Lithium exports complete face saving tosh as they over hyped tin Hill face saving.
DRC it was so certain we drafted the annual accounts as if it had been received.
Last three accouts have all had funding concerns and mentioned asset sales Elephant Licences and the kitchen sink in terms of joint ventures . Nothing has ever been sold not even close.
Then we have the resident investment advisor Lundy posting. RRR is in a good position and nonsense links.
Wonder if see a more large big trades this week, which as i stated COULD be the placees woho took part in the last funding round, selling so as they can take part in the next funding round, which is likely to be greatly discounted further. If I was holding now I would prob do the same think, sell now thinking I could buy back more when the placing hits.
All subjective cos if DRC money comes in this week, which if you believe Andrew Bell(Dont laugh) then it should be here this week - Im sure he said days didnt he??? Lets see - Hopefully it comes ! MOI and DYOR
Www.anotherpointlesslink.com
DYOR
Https://twitter.com/MakoGoldLtd/status/1751743034352676869?t=lrxLRaUEIKGs6-5dtmT3qg&s=19
DYOR
Hundreds of news links all look credible to me.
Not stoping activity now but must be a worry.
Bbc world service - news hour at 9am.
Petty common knowledge about wagner in BK.
In my opinion about UK.
Too literal again Spec
Here is news
"Niger, Mali, Burkina Faso announce withdrawal from ECOWAS
The three nations, led by military governments, accused the regional bloc of becoming a threat to member states."
A Western African bloc. Emphasis on AFRICAN!!!
What is your source that Burkino Faso is cutting ties with West. I only see an article with them cutting ties with Regional Group. They also have issues with France (not UK)
Withdrawal from regional group.cutting ties with the west. They won't let a uk registered company gain traction. The man with minus touch strikes again.
Https://www.rome2rio.com/s/Nearby-Airports/Fort-Knox
Read this material. Then as Helpful says "make your own mind up.' Like Helpful say look at the aerial map and you can see how big this is.
Make your own mind up
QED
Https://www.garfieldrefining.com/resources/blog/does-fort-knox-still-have-gold/
home to 147.3 million troy ounces of gold reserves
If "New Fort Knox" just get 10% of that it would be worth Billions to RRR
DYOR
Helpful yes please repost.
To help with everyone's understanding, Please call the first new RRR property, "New Fort Knox" and second ("Friend-Gates")
The excitement is already building and I can barely contain myself waiting for the research report.
Of course that pales in comparison to the millions you are looking at. Congratulations!!
Do I need to repost the material slowly so you understand it?
Nothing to do with who knows who. Read the Mako material, check out the Cadastre and then make your own mind up.
Mako specifically states the Napie Shear Zone is 50km long and they have 14km. From the aerial map you can see we have It on our acreage.
QED
This is comedy - you get the very first bullet (out of 10!!!) completely wrong...by not reading. The very thing you accuse everyone else of. It was me that said that, when did I say it was you? And apparently I'm the one that's slow 🤡
Again, waffle for the rest of it. What I will say is that it's great that you and AB have found your kink and get hard over collecting acreage. You made similar points about RRAL and Kenya before that. They have amounted to being just cost centres, and that's all they will ever be until they are quietly dropped. All IMO of course. The licence wins are most likely just adverse selection, I'll wait to be proved wrong.
I'd rather be slow than be invested in your basket of zeroes any day.
Now with these 2 new projects we need to put together a research report showing that RRR is worth 3p
Then schedule interviews explaining in breathless detail that this is happening. Phase II will say its "imminent" and Phase III will say its 'days"
time for my holidays now
Brilliant spec ! Puts helpfuls comments into perspective 😂😂😂
And this is a genuine holder saying this - Says it all !
Very material link for RRR
https://www.officespace.com/ky/fort-knox
This location is next to Fort Knox. Lots of gold there. I might be getting space there too. but I would not sell my space for the paltry millions I want more.
DYOR
Very material link for RRR
https://www.officespace.com/ky/fort-knox
This location is next to Fort Knox. Lots of gold there. I might be getting space there too. but I would not sell my space for the paltry millions I want more.
DYOR