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Helpful I have just read your 7.18am post of today and notice there are people who disagree with you but you do give as much as you take so that's o.k. But the post from Banburyboy suggests we will need 182 wash plants to achieve the 1000 tonne throughput. Could you kindly make a further post clearly explaining the confusion over these numbers. If someone was questioning my numbers I would feel obliged to clear up the matter asap. Thanks.
"...Those were really the glory days . In 2006, 462 new players were listed with £5.6 billion, the year after 284 made their debut raising £9.6 billion, last year it was 15..." -Sat, Times of London, 4.5.24
In the thread: "A decent RNS would see a STOCK move 300% +. SO MUCH HARDER NOW FOR BOTH COMPANIES & INVESTORS. " Another comment: "Without cheap money..."
Comment: So, folks, WORD IS GETTING OUT of the STATE OF THE AIM MARKET for both ===COMPANIES==AND INVESTORS. That is what I have noticed. LoL. IF THE TIMES OF LONDON KNOWS AND PUBLISHED THE ARTICLE IN A SAT EDITION, EVERYONE NOW KNOWS and cant just blame x or y. I have not got the full article as I am not out in town. Going to be interesting for us all, shareholders of AIM co's to read and IF solutions are going to be forthcoming given it is now IN THE LIME LIGHT. https://twitter.com/DavidBurton1971/status/1786635780024041942 Sat, 4.5.24 Link given to Times of London with headline.
Banbury, you think he would be embarrassed ! Just glad he had been exposed and more people see him for what he is, in that respect our postings have been worthwhile ! Have a good weekend all 🤙
Https://www.usfunds.com/resource/evaluating-opportunities-in-gold-and-the-junior-mining-sector/
DYOR
1,100 tonnes per hour throughput.
2 grammes per tonne extracted.
2,200 grammes of gold @ 28 grammes to an ounce 78 ounces of gold per hour.
At ridiculous Helpful cost of $350 to 500 per ounce. He uses his GCSE economics to tell us it all about Marginal cost.
So those figures would result in RRR being in the world's top ten gold miners in terms of gold sales / production and the most profitable in the world by a margin of three fold.
He has recklessly thrown one isolated fact out to posters in a pathetic attempt to lure the unsuspecting into this sham of a company.
The SP is still going down for a reason. FASO is hyperbole and chances of success are remote.
Even if it is successful he would have sold a fair proportion of Greenstones [ the FASO company] to Riverstones for them stumping up the seed finance.
It's a final throw of the dice as there are £4m plus of debts on RRR balance sheet and DRC and Tin Hill have failed so they need a quick result.
It might cone good and save our bacon but not at the numbers Helpful quotes.
The SP is reflective of all these facts.
What's sad is he's a financial advisor. The rest you know.
So News YES / NO to 1,100 tonnes an hour. Resounding No.
A proper financial advisor would lay it out in layman's terms.
The pub has space to fit 1,200 drinkers FACT.
But they can't drink 1,200 pints because
We have a slow pipe ( the wash plant )and one barmaid can only serve 6 pints an hour.
We could employ 180 barmaids but imagine all the capacity constraints and costs . Its a nonsense.
Our resident cheat picks on on unrelated fact machine theoretical capacity and misleads people into thinking that has a direct link through to production. He deliberately chooses to ignore all other assumptions . Ask yourself why ? Because its his job to mislead
Bank holiday weekend in it xx
Dukey, surely you are not still on the lash at this time?
How about paying that £1,000 you owe to Christie's Hospital?
How’s your shares looking helpful ? Didnt he almost own 3% of the company when share price was multiples of this ? Ha
Hate seeing the likes of Robin’s loss increasing, but the only good thing about SP being sub 0.05 is even Helpful is in the red - FACT !
Exactly Banbury ! This just shows he is talking it up just try and lure in people to buy so he can off load ! If he believed what he said was true he would be a buyer - But no no - The guy is a parasite and fits well with AB, gutted he wouldn’t meet me for a pint when I was up by him !
Https://www.ft.com/content/3d2727a0-96c7-499c-a0d4-176de4548a83
DYOR
If Helpfull and his mates and all those close to this questionably run company believed all this superlative tosh they would be buying in spades.
They are not no one is buying and it's why we have sales of 0.047p.
Helpful is here to get his placing shares away for the next rinse and repeat.
Thankfully no one buys it anymore
More scumbag misleading by the resident insider who has the audacity to challenge others intellect.
Throughput is a function of many factors not least washing the alluvial. Helpful misleads us all by talking of 1,100 tones throughput per hour.
Page 12 of RRRs April 24 Bibelle presentation has the COMPANIES OWN sensitivity analysis.
The upper extreme of throughput is determined by washplant capacity and in RRRs most recent presentation is no more than 6 tonnes per hour for ten hours per wash plant.
To achieve 1,100 per hour as our resident con man is suggesting we would need ( do the maths as he would say) 182 wash plants. One hundred and eighty two.
These are not my figures but RRRs.
Common sense and any degree of intelligence says he's wrong and as ever misleading people.
End to end throughput of 1,100 tonnes per hour is what billion dollar companies do and RRR is not one of them.
Yes Duke, I expect another air miles trip to the DRC as we are soooooooo close Bell can taste it.....
Anyone else notice that there is no timescale for the washplant delivery??? Already a month late and no indication if it has even left the owners premises??? Looking more and more like another Lithium/DRC RRR timescale debacle???
Tic, toc....
AiM the man is absolute shister no ifs no buts.
He would be quite surprised at how well educated some of his detractors are. They don't need to boast about it and have a moral compass.
More sells @0.47 - looks like placees realising a small loss is better than a big loss ! Apparently next placing only 30 odd days away and I imagine they want to be out before that ! I predict another attempt at a pump soon, last one failed miserably- Queue Leningas
Nothing wrong with limited intellect but not checking anything or reading anything along with insisting that there is no need to check anything or read anything is a recipe for disaster.
The company puts out plenty of information about what it is up to but the trolls persist in pretending it doesn't: it is called "Nelsonian Knowledge".
For instance the bedwetters are are getting excited about modelling the outcomes for 1,000 tph. Yet the company itself posted this; https://twitter.com/RRR_RedRock/status/1762426092051116099?t=GwZ62SiwbQcpf9Y8SmGGBQ&s=19
"The equipment brought in for our alluvial gold test programme at Bilbale will be able to handle from 288 tph to 1,152 tph"
Work it through at 2 g/t.
Since then, the company has upgraded it's plans and will now have over 100 people on site; 23 specialists are being flown in from India.
FASO/RRR is not doing this for 5 tph.
The actual throughout will be affected by the clay content.
This for the test/trial production which is semi-mechanised: once they have the Production Licence they will move to fully mechanised and the throughput will be stepped up.
Have a nice day.
DYOR
"As usual we are dealing with people of limited intellect who know nothing"
wow what a piece of work you are...
As you clearly consider yourself to be someone woth superior intellect, perhaps you could inform us who has made the most money during the 20 or so years of Red Rock's existense, and from where did that money originate?
News, the only restrictions on alluvial production is the physicality of feeding the pay dirt in. Putting enough kit in parallel to process the feed is not a big deal. You might need a bigger pond but so what? What you need is a proper operational plan to manage the feed. It can be done mathematically, it is called transport theory.
The restrictions are not the same as with an underground mine.
As usual we are dealing with people of limited intellect who know nothing whilst insisting they know everything. 250 tph wash plants are on the internet for $50k: what is the big deal? RRR has posted on Twitter that the throughput on the initial kit being installed is over 1,000 tph. RRR is only allowed semi-mechanised production: fully mechanised requires a production permit. Once the permit is in place then fully mechanised production will start.
DYOR
Https://twitter.com/BrianKuszmar/status/1786436246690045976?t=KKMyR-I8nn_YkM_mhqKtuA&s=19
DYOR
I'm expecting sub 0.05 within one month.
I recall someone on this forum said that Share Pickers had ended his podcast on junior miners. LoL, today, 3 hrs ago, Share Pickers did a podcast with John Meyer, Partner of SP Angel on junior explorers. Justin Waite must have realised that the commodity prices have picked up and the title of the podcast was :"Copper in Deficit." To listen, go to Twitter, Share Pickers.
CEO of Cadence: One person contacted the CEO to ask about the sp and funding. CEO said that there has been a downturn in this sector ie junior explorers and "THERE HAVE BEEN NO EXCEPTIONS." Also , the CEO explained about the discounted placings which is common to junior explorers.
So, thought folks might like to know since not only the charts show junior explorers losing 90% but now CEO is giving the official reply. This means that it would be difficult to say, it was not so. Factual now. So, folks should have stayed out in restrospect. Fri, 3.5.24.