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Maidit - He sounds like genuine holder !
A person that hold 4% would have no need to post at all, or give his position away on an open forum just to show off ?
and if he keep on, him and his pretend position in RRR will be filturd
And we have heard it all before a troll saying he own 4% of the CO, to get in on conversation above his pay grade, but don't understand comma means taking a breather, so your readers also take a breather when they read a post ?
he just come on here to bash the faithful, and should be ignored, a person that hold 4% 200m of RRR equity would have no reason to post anything negative or point scoring against any other investor of RRR equity.. that person would be humble, and grateful for any information and heads up'' to get this depress and unloved stock moving north
AIMO off course
Blimey Ajaye... Just read your history, you've been in RRR for quite some time. Have you continued to average down?
what has kept you invested here since share was over 1p?
You genuinely own 4% ????
I cannot see any liquidity issues with this stock - £5k-10k tranches are available for purchase at around 0.67 presently.
There is no conspiracy theory or shortage of stock...I imagine no one is buying because no one wants this stock.
Any update on DRC payments?
Any update on Lithium sales?
Any update on what D.Lenigas was brought in to deliver and what he's being paid?
Any chance of AB buying some stock himself if this share is so undervalued?
Anyway...I'm sure they'll find a small pinch of gold dust to wow the market with soon enough and then all the above can be forgotten.
P.s... my shorts are making me rich... (wink).
Wow AJaye 4%.
If you don't mind me asking how long have you been invested ?
Are you asked to participate in placings as a major holder.?
Thanks Banbury
Well x2 buys just slip through the net just now'' a 1.4m & a 1.5m, so I take it they have stock to sell then ?
GL AB and team on site in this gold rich country marred by discord & distrust of the pass, keep your head down get on with the local keep safe.. we await direction...
ATB
Yep just wanted to understand his points - not sure why I’d be a troll when I own 4% of the company 😂
Ajaye that was a bit rude of him. Afterall you were praising his post.
??????????
Excellent news. So, MARKETING in gold mining has moved on from the days of HEDGING. But then again, hedging is not ideal for smaller miners that dont mine billions a year like majors.
Return of GOLD LOANS -----------IS AWESOME. Why? Who wants to give $$$ real money IF GOLD is NOT official a Tier 1 asset [ I posted the links etc yesterday that after the Financial Crisis of 2008, the G20 has classified Gold as Tier 1 asset from Tier 3. This meets with BASEL III BANKING REGULATIONS.
One recalls BEARER NOTES and whoever bears the note is entitled to the COUPON. So, in this case of GOLD LOANS, there is a GOLD NOTE but to be paid in ACTUAL GOLD [akin to Bitcoin in kind]. See, I told folks that NO ONE GIVES any money if there is no ASSET OR COLLATERAL. All banks recognise assets for collateral evaluation. Just discussing the gold loan notes for gold mining. This is very suitable for Africa gold mining?
I don't talk to trolls''
-----------------QUESTION: SUNDAY CREEK [SOUTHERN CROSS GOLD , ASX A$190m mkt cap for 49% of project only and still drilling.-vs RRR Australia , NEXT DOOR to Sunday Creek @Kilmore [both mining towns starting with Kilmore, Victoria, Oz.---
I have been taking a look at the PICS shown by /Southern Cross Gold on Twitter ie their core of high grade gold.
Yes, they look like small nuggetty gold. As I said , big gold nuggets have been found NEAR BALLARAT TO BENDIGO which has a worth of A$240k just for one BIG nugget. So, as said , the nuggetty gold has been disseminated into the quartz etc.
QUESTION: THERE IS SUCH A THING AS ------------FEEDER ZONE IN GEOLOGY. For example, one CEO said Pitfield, in W.Australia is the FEEDER zone to the titanium nearby belonging to Sheffied. SO, QUESTION IS: IS KILMORE THE FEEDER ZONE TO SUNDAY CREEK or the other way round. Any ideas? Thanks. Wed, 10.4.24.
Awaiting the CPR to be signed off re : RRR AUSTRALIA IPO or sale of its Australian gold licences etc which has seen some drilling etc. DYOR. NIA.
Madit, I’m sure there is some some real value to your post and thoughts I’d like to expand on -could you repost with a few more commas and better explanations of your points so readers can get the full value from it ?
The only way to stop this impasse is for MM to put price up on the solid buying we have seen in the past 2 days with no real movement and stop protecting the shorts.. if they do that'' then they will get the 2 way street they crave, it's got nothing to do with AB, this problem stems from manipulation out of control with no oversight'' now no one want to sell any until this good news of gold gold gold FKN everywhere and production has started DROP.... then they will have to open the flood gate and sell the billion stock they have been holding on to pretending they have not got any'' to the Market when the orders start piling up''
AIMO off course other posters may have there own opinion...
The gold price has stopped moving on Goldprice.org too
If you care to have a proper look at the pretty piccies on Twitter/X, you will see that the illegal miners have busy little bees and that they have mined a substantial amount of material and some of it is at the pond. That being the case, we can make a fair estimation of the confirmed mined gold at surface.
"Long-term gold loans
This is a special type of loan that applies exclusively to the gold mining industry.
Long-term gold loans are used to finance projects for gold mines and ore processing plants producing this precious metal.
The peculiarity of these loans is that the borrowed funds are issued to a mining company and subsequently returned to creditors in gold. This entails certain advantages for both lenders and the gold mining company.
For banks that hold a portion of their financial reserves in gold, these loans provide a temporary mobilization of these reserves in order to make a profit. At the same time, banks have complete confidence in the return of gold due to the development of the mine.
The gold mining company benefits from the return of the loan funds in precious metal (the company's product) at the exchange rate on the day the loan was issued.
This guarantees the stability of prices for a certain part of the product, regardless of speculative fluctuations.
Companies often financed successful gold mines on preferential terms (annual interest rate of about 0.5%). This opens up new horizons for mining projects, especially considering the possibility of flexible adjustment of the terms of the gold loan in accordance with the real needs of a developing enterprise.
Typical maturities for gold loans are around 5 years.
However, despite the attractiveness of this type of financing, banks require confirmation of the company's ability to ensure the planned extraction of the precious metal.
This requires in-depth expert analysis and presentation of the results of the study of gold deposits to potential lenders.
The financial literature describes cases where banks have required reliable collateral to lend to a new mining project, covering up to 125 percent of the current value of the gold provided."
DYOR
On Solgold, one poster asked THE SAME THING ie WHY IS THE LAST TRADE 11:31AM?
It is now 1:17 noon.
So, NOT ONLY ME NOTICING what I posted about RRR, no trade SINCE 8AM+.
Wed, 10.4.24 So, others are noticing as well it is NOT only happening at RRR but other stock?
Maybe the spread is putting people off . or maybe people are waiting for A. DRC money or B. a placing before jumping in . who knows .anyway I'm waiting for either before deciding
------------FROM LONDON STOCK EXCHANGE OFFICIAL DATA ON RRR-------------
The London Stock Exchange RRR shows ONLY 2 TRADES for today, Wed, 10 Apr 2024 of 171,428 shares bought AT 8.AM & another 132,406 RRR shares at 8:34am totalling £120 & £92.78.
SO, MAIDIT308 WAS RIGHT, IN THAT IT WAS THE SAME YESTERDAY IE NO TRADE, SHUT SHOP?
WHEN DOES THE RRR SHARE SHOP OPEN FOR BUSINESS?
Anyone has any idea? Does Mr Bell, our Chairman know or if anyone can tell him. Thanks. Needs sorting out, surely? Just askin. Any intelligent person would ask, isnt it?
I note that it is now 11:53am, Wed, 10 Apr 2024 and AFTER TWO SMALL BUYS THIS MORNING--------------NO MORE TRADES. It is stunning that there are ONLY 2 TRADES. -------------BUT WHEN I TEST THE MM'S at my broking a/c, the MM's want ALL MY RRR SHARE in 1 go, even though it is more than NMS of 200,000 only. Also, with a few b shares in issue, why the unusual 200,000 NMS [normal mkt size] because that is only about £190 worth.?
So, why does the MM's want to BUY more than NMS IF THERE WERE NO BUYERS. SO, DOES THAT MEAN, THE MARKET WANTS SHARES BUT WILL NOT MARK UP THE SHARES TO ATTRACT A SELLER AS NORM? Logical reasoning and logic. That is the normal patter of buy/sell. So, DOES THE MARKET WAIT UNTIL SOMEONE BLINKS AND SELLS? I wonder but as with all things, one has to wait to SEE, Yah? Wed, 10.4.24.
News, the royalty is on the iron ore only.
Per JUNO RNS [ANN as in Australia], it would appear that they FOUND ------------LITHIUM PEGMATITES ---------at MT IDA.?
This RNS was dated 30.3.24. The background to MT IDA--RRR's came to the AIM market in London in 2005 via iron ore projects like MT IDA etc [all were Australian projects and hence the M.D was also Australian].
RRR still has ROYALTIES for MT IDA and I am wondering IF RRR will get any royalties from the LITHIUM ?
The drilling at Mt Ida for lithium is still continuing but I havent kept up for some time.
Perhaps not because minerals rights may NOT cover everything. But if someone can clarify, it would be helpful. Thanks.
Wed, 10 Apr 2024.
Ah, I see that after my post on RRR AUSTRALIA IPO OR SALE and RRR KILMORE IS NEXT DOOR TO SUNDAY CREEK which is owned by Southern Cross Gold, ASX with mkt cap of A$190m = POSITIVE but------------THE BALANCE GENT -----is not commenting for BALANCE? POSITIVE BALANCE THAT IS? Just askin.
Link: https://hotcopper.com/asx/juno/
Yes News, RRR was receiving good dividends from Jupiter. Andrew Bell got removed from the board at Jupiter and not long after sold all RRR`s remaining shares in Jupiter. I always held Jupiter as Andrew Bells one achievement, but I was informed by Kenneth Watson that he actually done the JMS deal. Jupiter was the reason RRR had its massive rise umpteen years ago, since then its just been failure after failure after failure - But maybe this time its different.
Link: https://hotcopper.com.au/asx/jms/
The top thread on Jupiter Mines of ASX, Oz is that manganese prices starting to move UP. Andrew Bell, Chairman of RRR was on the board and RRR had shares in Jupiter Mines due to Mt Ida etc. However, I dont know the details but thought I would post as RRR 's investee shares was in JUPITER MINES. Interesting . Wed, 10.4.24.