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I said this 2 years ago:
"RRAL IPO has been coming within the next few months for well over a year. I wouldn't be surprised to see that the London listing is being dropped for an Aus listing just to delay the whole process again. Already happened with the planned Canadian listing where we were told that market participants really understand the gold market and appetite is incredibly high making it the ideal location"
So predictable.
Also funny how Helpless hasn't updated everyone about Mako share price recently... Only a 60% fall in little over a week. Maybe a lifestyle company after all.
Again so predictable. Helpless always likes to say DYOR but clearly he isn't doing enough. Scratches the surface and falls in love with the story/management. Gets parted with his cash and then has to pump this rubbish to try and protect his investment
Nurse!
We will get back that 15% we lost yesterday as interest start to build for DRC Cash on lucky Friday
GLA
Dukey - I suspect News is a stooge for Lenigas. He's all over ARV and much better informed on that. Loads of catch up to play here and guess he never knew how disgruntled this board was so has to work very hard.
News some homework on our nine your dormant oil and gas outfit. Please research - Shoats Creek Louisiana I think we got 12 barrels a day for a few weeks on a $1m investment. Research Elephant Oil a dog of an interest in Benin and Namibia. It failed to IPO at least five times. In the listing papers the regulator made them refer to how risky the investment was and you could lose all your money [ a shame that safeguard is not applied to buying RRR shares]
Yes having been burnt on oil. twice we go in for more !! And add yet more plates to the current cash burn which is unsustainable.
Our resident conspiracy theorist H5O will be shouting 5am Banbury boy he paid broker conspiracy. I'm not paid if anyone is its probably closer to home :)
Interesting day today another Reach RNS perhaps.
GLA
Theeeeduke
Answer to your question: For RRR RNS or RRR RNS @Reach, kindly contact the NOMAD - that is the right person to ask, not me as I am not the regulatory intermediary.
Reply to “news”
Does RNS regulatory derive cover “reach” RNS’s - Asking for a friend ?
I have posted and FACTORED in, DRC new update THIS WEEK OR NEXT WEEK per the RRR RNS today, 14 Feb 2024.
AGM, Fri, 16 Feb 2024.
ALL IN THE RRR RNS OF TODAY @REACH, WED, 14 FEB 2024.
FOR THE AVOIDANCE OF DOUBT:
ALL CONJECTURE UNTIL THE RRR RNS LANDS VIA REGULATORY NEWS SERVICE. NO ONE IS PRIVY TO ANYTHING. No one knows and everyone has to PLAN ACCORDINGLY. All norm for all stocks.
Reply to Theeeeduke to me.
I hope “news” comments next week when no DRC news and 1.5 billion shares authorised to issue -
Can’t wait ! At a guess the messages may be a tad shorter and quicker to read ! Might go along the line if AB is a C@$t
Part 2:
MAWSON GOLD [TSX] SUBSIDIARY SOUTHERN CROSS GOLD, IS LISTED ON THE ASX, AUSTRALIA:
Share price $1.15 AUD, MKT CAP A$103.56 million [52 wk high A$1.39 and low 39c.].
Please refer to my post below of Mawson's subsidiary is Southern Cross Gold. So, Mawson of Canada listed the subsidiary Southern Cross Gold IN AUSTRALIA to cater to Aussies who prefer Australian co's.
Southern Cross Gold , AUSTRALIA is the 51% SUBSIDIARY OF MAWSON GOLD, TSX, CANADA.
----------AND RRR ON AIM OWNS 51% OF THE JV WITH TENEMENTS NEXT TO SUNDAY CREEK, VICTORIA, AUSTRALIA of which Southern Cross Gold of Australia has just released a ANN/RNS, 2 days ago. ---------Very nice.
-------------------------RED ROCK AUSTRALASIA JV 50.1% WITH POWER METALS---------------
Folks, I mention in my post today about ===SUNDAY CREEK, VICTORIA, Australia.== That is now the talk of gold in Victoria, Australia and the revival of the excitement that is generating among Aussie investors. The ASX co owning Sunday Creek is MAWSON of Canada, TSX. Currently, it is 29c Canadian and ===MKT CAP: C$90.26m [52 wk high 40c & low 17c.]. Reason for the excitment: On 31 Oct 2023, Mawson announces plans to SPLIT the co into 3 CO's , TO UNLOCK SHAREHOLDER VALUE.
++++ REF: PR [RNS]; "MAWSON SUBSIDIARY SXG REPORTS 9 HOLES FROM -----====S U N D A Y C R E E K --==== >100gt AuEq X metre."-Eagle Tribune, Vancouver, 2 days ago. LINK: https://twitter.com/MawsonGold [12.2.24 Red Cloud Securities : 51% subsidiary , SOUTHERN CROSS GOLD reported RESULTS from 9 additional holes from RISING SUN AREA OF THE --===SUNDAY CREEK project. 7 out of 9 holes encountered min over 1.0 gt Au Eq." [2nd tweet on Mawson's Twitter].
-=============RED ROCK AUSTRALSIA [JV WITH POW @51% TO RRR----------=============
RRR RNS @reach, Wed, 14.2.24 reported that they want to IPO Red Rock Australsia on the ASX, Oz.
RRR provided a NEW PRESENTATION.
----------I AM LAUGHING MY SIGHTS OUT WHEN I SAW PG 3/13 entitled: "RRR TENEMENTS, VICTORIA, AUSTRALIA
------------------WOW: LOOK AT THAT, RED ROCK AUSTRALSIA IS ====NEXT DOOR TO====SUNDAY CREEK PROJECT on the right and their package area is HUUUUGE.----------------
Thank you , Mr Bell and Paul Johnson, CEO of RRR and former CEO of POW.
In my wildest dreams, I could not have obtain licences NEXT TO SUNDAY CREEK PROJECT, VICTORIA , OZ even if I tried given tenements are not easy to obtain.
On the other forum [RRR], one poster said that another AIM co is chasing Victoria but so far, and even then £6m mkt cap. I havent yet chased up on this yet but will do so as soon as I can so if interested, look it up. BUT FOR ME, OOOOH, NEXT TO SUNDAY CREEK ---NO WONDER, RIPE FOR IPO POTENTIALLY IN AUSTRALIA ON THE ASX.
OH, POW, RRR/]'S JV PARTNER IS RICK RULE AND HE LOVES GOLD. TONIGHT, NEW BILL IN ARIZONA on gold etc to reverse Graham's law. All nice. Very happy. DYOR. NIA. A nice bonus, I must say, dont you guys think so, next to Sunday Creek? LOOK IT UP AND CHECK - the presentation from RRR on Victoria gold, Oz was out today per the RNS, 14.2.24 @reach.
Maid it, you and H5O have clearly gone in too deep here, the deluded and desperate accusations are very apparent .
I see Bell now wants to list on the ASX to realise shareholder value, as he’s never realised it for any shareholder, period, it strikes me that it’s another way of raising funds as its looking more like a busted flush for him here. Utter joke, but then so are we as it’s his bank account that stays full.
Look like 30m order have been filled after hours, robbing CNTS, and is perhaps the reason for this 15% drop today
nice work if you can get it..
AUTHORITY TO ISSUE
From what I saw, Note 4 is for £150k if I recall [voting at RRR AGM, Fri, 16 Feb 2024]. From company law 101, one is taught the DIFFERENCE between AUTHORITY to ISSUE & ISSUED. Also, in the a/c's generally, auditors want to know if there an ability to raise to comply "going concern basis" [common to all accounts]. So, this Fri, the VOTING for AUTHORITY TO ISSUE does not mean there is going to be THE ISSUANCE OF ALL THE AUTHORISED at 1 go. Yes, in ordinary lingo, it is a contingency that must be made. So, on FRI, 16.2.24, it does NOT STATE AUTHORITY TO ISSUE & ISSURANCE or else it has to be in the AGM notation to vote on.
ISSURANCE
That is something NO ONE is PRIVY to at this time. YES, if the DRC money of $10m USD does not come in, then perhaps issuance as norm. Cant tell UNTIL NEXT UPDATE PROMISED THIS WEEK OR NEXT per today's RNS , 14.2.24 for the DRC Arbitration.
PRE-IPO
From what I understand, the Oz [Victoria] licences are NOT OWNED BY RRR WHOLLY but JV with POW. In the earlier update, IPO in Oz had not much Aussie appetite in general for anything in Victoria gold. HOWEVER, HEARD OF SUNDAY CREEK lately? Well, perhaps there is now appetite and given POW has Rick Rule & Arabs as investors, they may want an IPO as well. It may not be Fosterville but that is something not known yet until the admission documents are seen and per norm a valuation is given as norm. Cant do any harm to IPO and get some return back via shares in the new IPO Aussie co.
DRC ARBITRATION
Quite clear what was stated in the RRR RNS @Reach today. It is an update as promised but NOT PRICE SENSITIVE given there is no definitive outcome yet until we know next week or this week. UNLESS there is MONEY RECEIVED & BANKED, then there is no need to RNS it yet as price sensitive RNS.
ASSUMPTIONS
Everyone is free to read into the updates as they chose but the above is my understanding only and to lend to discussion as BALANCE only.
NEW VENTURE
There can be NO new venture WITHOUT money. Yes, the oil prospect may be SOUTH AMERICA but not definite yet per the RRR RNS today.
Wed, 14 Feb 2024. Look at Itumbula - the issuance was 1.5p but it hit 1.8p and that was the lowest before it rose and NEVER TOUCH THE ISSUED price. No all issuances are equal.
NO ONE KNOW:
Only the RRR RNS is the final definitive and all else is just folk's views. Facts are in the RNS.
I've got a lot in common with rrr insofar as I am always eager to look at lottery tickets
...trouble is none of them win. On a more serious note I had invested here on the basis of representations made by the company in various fora. ....now, should I lawyer up yet...?
Snide comment about this sentence
"We are always ready to look at highly prospective projects, especially ones which are held out as potentially cash flow-generative,..."
This implies that RRR looks at project which are NOT even potentially cash flow generative"
Why would anyone acquire those types of projecta?
Look at the timeline. It starts at IPO.
Helpful -nothing new about "Pre-IPO and IPO in Australia." RRR has been saying that for at least a year .
Its a newer presentation
by all means continue to do DYOR
I am waiting for DRC cash and watching the lithium exports (just like AB wanted me to)
1.5B it is then.
At what price though.
Big placing now is the only certainty here now.
AVOID
I suspect that is a typo. I wouldn't be surprised if this takes such a hit as to risk suspension tomorrow.
Doesn't feel good.
Thanks Vagabond.
Genuinely sorry you lost
As I said previously my investment was just buttons. A few rounds in a London pub.
I lost a fortune here a while back like most of the other doubters our problem is Stephen Paul Lundy who posts as Helpful. Bells mate and should not be posting.
Helpful I will summerise .
After advising everyone to invest at 1p 12 months ago you said
15th January 2024 RRR has never been in a better place.
The latest advice just posted is chase the bottom here as it will turn.
Such comments from Jo public on here can be forgiven.
However you are investment advisor with an inside interest in RRR [ 10% holder in ALR and CLN holder]
That knucklehead H5O keeps telling me I need to lawyer up.
To be honest the individual who should be called to task [ ethically rather than legally] is you.
You are a disgrace.
Not yet Banburyboy but surely will, tonight to sink in the losses I made today. Feel for the lth's. Banburyboy, what about the shares you bought other day. Are you still holding them?
Thanks for correcting tricky. So another reach rns. Banburyboy must be laughing. Should have listened to BB. Vote NO to share dilution. I did before I bailed out today. GLA.