George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Thanks for your thoughts last night news, and make perfect sense
now lets see what the day brings...
Https://twitter.com/jczuleta/status/1777934994238849206?t=VEIroghLXfbuTTPl-Fm_Rg&s=19
DYOR
Https://twitter.com/jczuleta/status/1777860997132198045?t=0OCf-0SjQbI5kXtsnejmmg&s=19
DYOR
So it seems $2,360 is the new resistance. Dropped back from it a couple of times.
DYOR
Even by your ridiculous standards, saying that AB is being pushed to issue shares as folk are struggling to buy them is one of the most preposterous and naive things I have ever seen posted on a BB. Who actually allowed you to buy shares as you’re clearly very wet behind the ears. Never mind the SP, it’s all about being on the chat board top ten!
And news, have we had 3 consecutive days of rises? I thought Fri was flat. And regards yesterday, surely it’s only the large spread that was making it show as a gain ( on some sites) I mean, last week when it was showing as down you said it was only due to the spread, can’t have it both ways, again, can we?
------------------REGULATORY RULES SAYS RRR RNS'S MUST BE RELEASED AS THEY ARE DUE.---------------
That is the guiding principle of the London Stock Exchange. The RRR Australia CPR is only to update and review and to be signed off. Easter is now over and the CPR for Australia is DUE any day now. RELEASE IT and let the market accordingly apply the EFFICIENT MARKET THEORY ie mkt cap takes in the information and values it accordingly.
Lots of RNS's due. IF, as expected the RNS is of a positive nature, then the BUYERS WILL HAVE TO ---PAY THE PRICE IE THE CORRECT PRICE. I have just watched a MINING MAVEN short video and the journo said that the GOLD STOCKS ARE DUE to be ....with the price of gold at record high. SO, NO GOLD STOCK IS GOING FOR CHEAP , THAT IS, SOLD FOR A SONG. I===============LET ME REPEAT, IT IS NOT FAIR VALUE THEN , IF , SOLD FOR A SONG TO SATISFY THE STOCK
SHORTAGE, if any. So, BUY, WHEN THE PRICE IS AT A FAIR PRICE. There are FEW PURE GOLD STOCKS ON AIM now. Many are NO LONGER AROUND or change to other metals. SO, PAY THE PRICE FOR A LARGE POSITION IF THAT IS WHAT THEY WANT and accordingly, there is still ROOM FOR RE-VALUATION given the NEW ALL TIME RECORD PRICES FOR GOLD.
------------------MOM, POP INVESTORS WILL NOT WANT TO GIVE NEW COMERS RRR STOCK FOR A SONG. WE BOUGHT AND TOOK THE RISK. WE DID THE RESEARCH ETC and now they have to pay a FAIR VALUE for our stock if they want it.
Simple isnt it, the solution to the drought of RRR stock. THANKS TO AB, OUR CHAIRMAN who has held firm to help shareholders of RRR who have had to endure endless negativity. NO, WE ARE NOT SELLING CHEAP IE SOLD FOR A SONG.
Sorry. Providence has helped us shareholders and everything has been going our way ie all time record gold prices, tin prices also high and lithium recovering etc. HOW DID RRR GET KILMORE NEXT DOOR TO SUNDAY CREEK, YOU TELL ME?
60 COMPANIES FOUGHT FOR THE LICENCE NEXT TO FOSTERVILLE, INC THE FOSTERVILLE OWNER AGNICO. There were OTHER MAJORS who wanted the licence but they lost out in the bidding conducted by the Victorian govt. SO, LETS SAY IT WAS A REAL BLESSING RRR GOT THE NEXT DOOR WHICH WAS THE 1ST MINING TOWN BEFORE SUNDAY CREEK.
That is the prize that Aussie will want given Sunday Creek is hot and Southern Cross Gold has a mkt cap of A$180m. One can hope that the mineralisation is extensive in RRR Kilmore and an expert Geo will know more than just PJ's work that confirm the mineralisation extends from Sunday Creek to RRR KILMORE.
PAY THE PRICE IF FOLKS WANT BIG CHUNKS. NO SHAREHOLDER WILL SELL NOW THAT WE ARE CLOSE TO THE RRR RNS OF THE CPR FOR VICTORIA GOLDEN TRIANGLE RNS AND NEWS. --------------ALL GENUINE SHAREHOLDERS WILL AGREE WITH ME. CONGRATS TO THE BIG BUYER --LOL--------HE GOT IT FROM UNDER THE NOSES OF THE MARKET. Wed, 10.4.24. No one in at this time on this forum.
LoL, Maidit308 : That's the best news I have heard so far in my days on this website. You see, I have been watching the TRADES every day and testing LIVE PRICES for RRR in my stockbroking account. I POSTED that to SELL is getting HIGHER from the MM's, end of Tues, 9 Apr 2024 at almost the close of trading day. I ALSO TRACKED THE MON, 8 Apr 2024 BIG BUYER of 31m in the morning and then in the AFTERNOON, two buys of 29M & 50M,---------each very close together. To me, that is not norm. Why? One is taught never to buy in quick succession ie within mins, but to take it slowly. SO, LOGIC SAYS, WHAT IS THE RUSH FOR? LOGIC ANSWERS: ITS BECAUSE RRR RNS's are now -----------DUE--------especially for RRR AUSTRALIA and now I have posted on the Kenya Mining Law amendments which does indicate a more friendly govt. Of course, to get in investments, any country has to be FRIENDLY towards mining juniors etc. So, that is also positive.
A NEW DEVELOPMENT: I think that the CALIBRE was NOT GOOD enough to get GOALS KICKED INTO our RRR football net.If they had sent some SENIOR Analyst, at Director level who has also a MBA to boot, then maybe, they could take on two posters on this forum who decided to join the DEBATING SOCIETY whilst other kids were not interested. Other kids would prefer to seek more sporty activities. The debating society HONES skills of advocacy etc and ability to p;ick holes in weak arguments be it on any academic topic etc. Then, there are posters who understand valuations and have not only academic knowledge but experiential as well. So, this TWO WAY ding dong could go on for the next 1 year and there would still be no progress. SO, I AM NOT SURPRISED THAT AFTER TODAYS COMMENTS ON THIS FORUM, they have given up and rather ASK FOR THE SHARES THAT THEY NEED. Everyday, shares are needed and I did a DUMMY SALE and found that MM's will TAKE AT 1 GO, MORE THAN NORMAL MKT SIZE [NMS]. That REVEALED THE MM's POSITION ie PREPARED TO INCREASE SELLING PRICE, TAKE 1 SELL AT ABOVE NMS. ITS A TIGHT SITUATION. Why? If they issue MORE SYNTHETIC STOCKS, they could get CAUGHT on any RRR RNS to come. SO, ONLY SOLUTION IS TO GET THE SHARES. I DID SAY TAHT IF THEY ARE IN HOT SOUP OVER BALANCING THEIR STOCK BOOK, THEN THEY WILL HAVE TO ASK THE LONDON STOCK EXCHANGE TO SUSPEND RRR SHARES so that the LSE will close the books or else no one will get adequate delivery. OR THE LAST SOLUTION WILL BE TO PRICE SELLS HIGHER SO AS TO DRAW STOCKS ------------IN SHORT, THE MARKET HAS BEEN CAUGHT SHORT OF STOCKS AND THAT IS WHY WITH NO RNS==========3 DAYS OF RRR UP +14%, +18% AND +3.07% WHICH IS NOT NORMAL. THE CAT WAS OUT OF THE BAG for anyone who watches the market closely from experience. ---------RE:AB -that is why they have been going on and on but nothing works. My view is that LET THE PRICE BE MARKED UP TO GET SELLERS.----MOM'S AND POP INVESTORS WHO HOLD 85% OF RRR WILL AGREE WITH YOU AND I [& HawaiFiveO ie NO ISSUANCE, PERIOD.!!! MKT HAS TO BUY FROM US HIGHER.
I may as well start off the day with you NEWS'' as we are going to need 90 post today to get back in the LSE 7 hot chat list to keep all eyes on RRR when RNS land... anyway I was going to ask you if you have heard the latest, a few posters have been trying to twist AB arm, to do a funding call as they are saying there is a liquidity issue at RRR because people can't get any to buy in large amount ATM LOL!! I really do think AB should stand firm, and don't be bullied into giving them anything at these stupid levels, if HNW or anyone else want stock they will have to take there chances like everyone else and buy what they can on the open Market.. we already have over 3 bill in issue as it is FFS'' and more than enough to go around, if MM have not got enough stock to sell, there only way out to balance the books is to stop holding the SP back and when we get news next time push the price up to 1p and I'm sure they will get all the sells they are looking for to keep it moving
regards
I followed MAKO Gold to Twitter after watching the T R E N C H I N G short video.
On Twitter, the M.D also went to another of their projects to do L A D D E R [narrow hole deep down which is more akin to deeper drilling but cheap to do]. I then went to Hotcopper to look at MAKO GOLD's MKT CAP which is A$15m.
Mako Gold has projects in Cote d'Ivoire and Burkina Faso. And the M.D is interested in following UP ARTISANAL workings as norm. OH, BUT ON THIS FORUM, MY WORD, every little bit of work which every co is doing has comment of dark mutterings? As in? As in, even picking on Dr Willem? All standard isnt it and its the same for Mako Gold, ASX.
£1=A$1.91 FX. So, A$15m mkt cap for MAKO is £ 7 . 8 5 m. Mako has only AFRICAN EXPLORATION PROJECTS ie FASO & Cote d'Ivoire which RRR also has. CONCLUSION: As I said, separation of ASSETS is ideal [MBA 101] to get VALUE. So, if RRR bundled the Cote d'Ivoire, FASO and maybe DRC Luashimba , then the mkt cap may be like Mako's or even a bit higher since Luashimba may be a draw card if there is copper?
SOUTHERN CROSS GOLD, ASX, MKT CAP A$180MILLION: They just have SUNDAY CREEK, Victoria Golden Triangle, Victoria, Australia and only own 49% of the project with MAWSON, the parent owning 51%. Southern Cross is going to dual list as CANADIANS are interested. SO, SOUTHERN CROSS 'S MKT CAP AT A$180 IS MORE THAN 10X OF MAKO despite the fact that it is not potentially a 10-20moz of gold. THIS PROVES MY POINT I MADE EARLIER , IN THAT, AB. HAS TO NOW CONSIDERED HIS LEGACY and that may lie with RRR AUSTRALIA KILMORE, VICTORIA GOLDEN TRIANGLE, VICTORIA, AUSTRALIA. I posted out a man who DUG up a SURFACE LARGE GOLD NUGGET and it was worth I recall $249k. It was FOUND NEAR ------------BALLARAT [RRR has lots of licences near Ballarat Gold Mine] and a bit further towards ---BENDIGO.
I noticed that RRR Australia also has a licence [large] north of Ballarat and towards the Bendigo area. So, if such a large nugget was found, there is a LOT OF DISSEMINATED gold , although broken into smaller nuggets , hence the nugget effect. ONE TO THINK ABOUT FOR A.B. Tues, 9 Apr 2024 @12:10 mid-night. Waiting for SGE to open for Asian trading to see the gold price. Lots of news on Twitter about COSTCO selling $200m each mth and they are young buyers so the latest goes.
Well done you guys for todays posting'' and because i said 70 post for today this morning my first post for today will just put us over the top''
thanks again for all your effort
RNS hopefully tomorrow
ATB
Watching. YaY - T R E N C H I NG , a easy and cheap option as norm.
Manganese. Neighbours
https://youtu.be/2rQzB_LPHfo?si=_ZvAiAmQI4iEYW2_
DYOR
Https://twitter.com/TaviCosta/status/1777723507302183194?t=-L3FaOVMbGuOnCerLqAUVg&s=19
DYOR
Link: https://twitter.com/JasonEBurack/status/1777795543093186916 Verified Twitter. /CEO OF WALL ST MAIN ST, LLC.
This will be the Western closing price for Gold, a NEW ALL TIME HIGH.
Only in the early hrs of tomorrow, will one know the Shanghai Gold Exchange price for Gold in early Asian trading.
https://twitter.com/goldseek/status/1777794064500261282 44 mins ago, Tues 2024 @10:15pm.
To: Chief Resident : Ah, I told you about Genesis 12:3 after your personal comment about me ,well, with gold at prices not seen for decades at record highs, indeed , Providence is on our side.
Contd:
but any co that has lots of projects is more akin TO A RESOURCE PORTFOLIO. NO ISSUE HERE if it is a private co as the running expenses is NOT as high as being listed. WHY? As Paul Johnson pointed out, AIM listing cost a minimum of £250k to £300k. So, as a strategic review, is RRR going to be an AFRICAN based co OR is it going to be AUSTRALIAN focused. Which ever one, it is the ONE THAT WILL DERIVE THE GREATEST MKT CAP that will be of interest to shareholders.
LOOK AT DL's REM. BCN could not finance Sonora drilling and therefore had to get REM in. As DL said Sonora could be sold for around $400m mark. GANFENG PAID $391M for Sonora. Where did DL get $400? It was from a M & A of last project sold for that price. DL wanted to take over BCN.
I ask that MORE THOUGHT AND CHECKS WILL BE DONE RELATING TO WHAT I SAID ABOUT RRR AUSTRALIA. I am pleased that RRR FASO could bring in some quick short term cash flow. But for any AIM tiddler, THE GREATEST PRIZE IS TO FIND A TIER 1 POTENTIAL. RRR Australia at Victoria may not be Tier 1 category which will be a minimum of 10-20moz gold BUT in Victoria , the resource size is much smaller as the grades tend to be higher.
IS RRR SITTING ON A PRIZE POTENTIALLY AT KILMORE, VICTORIA GOLDDEN TRIANGLE? I DONT KNOW but the early indicators per PJ's geo work appears to be positive but an expert will know more.
RRR MIKEI is good but one does not know what is the plan for it once the licence is renewed? Per the law guide , it would appear many carry on with a gazetted licence.? DRC litigation pales in contrast to the other assets. But would be nice to get DRC award at US$10m. The further arbitration, will be of help as well.
Look forward to comments from Helpful as its just general discussion of direction in general. Thank you. Tues, 9.4.24 @10.05pm.
It is a very major known principle, that IF, a co has too many projects , VALUE is not recognised. That is why SPIN out is of use. The strongest project in RRR's portfolio is RRR AUSTRALIA. Why? It is a TIER 1 JURISDICTION and accorded a higher valuation as such and is near infrastructure. Initially, the RRR/POW JV concentrated around licences near the BALLARAT GOLD MINE. Then, later the JV got a licence nearer Fosterville [Bendigo area] but NOT close enough. 60 co's including majors fought for the licence NEXT DOOR TO FOSTERVILLE inc the owners of Fosterville. Then, the KILMORE LICENCE NEXT TO SUNDAY CREEK which is 49% owned by Southern Cross Gold[A$180m mkt cap] was obtained. Both Kilmore & Sunday Creek were gold mining towns. As I said & posted, Paul Johnson got some geo work done on Kilmore to see IF THE SUNDAY CREEK MINERALISATION EXTENDS INTO RRR/POW KILMORE. It does per the report and the HIGHEST GOLD GRADE historically is ===200 g/t.== At Sunday Creek, the highest was== 199 g/t gold. ==
It was interesting that HF elucidated about the ECR mineralisation extending into RRR Australia 's licence , SAVING A LOT OF $$$ for RRR. The BERINGA [nearer Ballarat Mine] may be 596k oz @8.3 g/t gold. RED ROCK AUSTRALIA PRESENTATION: 13 FEB 2024- "UP TO 2.1MOZ GOLD TARGETED FROM KNOWN MINERALISATION AREAS. Preferred target of 843k oz at 9.3 g/t gold."
STRATEGIC REVIEW: It is without a doubt, that KILMORE will be of INTEREST to AUSTRALIAN INVESTORS and that will be potentially the DRAW CARD. Why? RRR AUSTRALIA IS NEXT DOOR at Kilmore and early work shows the Sunday Creek mineralisation extends to RRR Kilmore. So much so, the SXG shares can RISE despite such a heavy FUNDING OF A$10M at 1 go. Helpful provided the latest SXG PRESENTATION and the grades found are even HIGHER than just 199 g/t gold. Yes, Berringa will be bread and butter and ITS A BLESSING THAT ECR IS DOING THE WORK FOR RRR in Victoria as it helps with costs. It is NOT EASY TO GET FUNDING IN AUSTRALIA and so, SXG raising a right issue of A$10m+ is NO MEAN FEAT. That shows the APPETITTE for Victoria Golden Triangle gold. OF INTEREST: I HEARD FROM THE SXG FORUM IN OZ , THAT THEY THINK THERE IS 1.5MOZ GOLD AT SUNDAY CREEEK. CAN HELPFUL COMMENT ON THIS as it is general info and he may know more. -----------SUNDAY CREEK MINERALISATION TREND /STRIKE IS 8KM [EAST TO WEST]. MINERALISATION TRENDS IN OZ TEND TO RUN QUITE FAR, SOME 80KM but in this case, 8km seems a bit short so the REST of the mineralisation could be in RRR Australia's KILMORE LICENCE as both Sunday Creek and Kilmore were GOLD MINING TOWNS. IN FACT, KILMORE WAS THE 1ST MINING TOWN & WHEN GOLD RAN OUT , THEY WENT TO SJNDAY CREEK.
STRATEGIC REVIEW: One has to CONSIDER more carefully whether RRR AUSTRALIA IS ON TO A PRIZE and if it is with a further expert view on Kilmore, then it may be wise to hang on to it. Why? It will PRODUCE A GREATER MKT CAP -look at SXG. It is NOT a negative re: many projects BUT any
BANBoy is the best informed poster here.
Yep. I have not been bending AB's ear about Boring Boy because there is more important by stuff to deal with but in due course...
RRR is now at the stage where we need more people. We need someone to sit in BF and make sure our gold isn't stolen: that can't be AB or Sam long term.
Apparently, Willem is more than impressed with what we have.
DYOR
Given the large price increase in gold it would be reasonable to say that the implied value of Indicated ($25) & inferred ($4.25)
A April 2024 value should be a minimum 2x-to 4x for a $26m to $52 million value just for Migori
Compared to a RRR market cap of less than $3 million
Lots of room for RRR share price to move up. +possibility of DRC cash, gold production in Burkina Faso. + + +
This was posted by AB yesterday with replies from Winnifrith who remains a RRR shareholder, he mentions Lenigas
https://x.com/ABell2019/status/1777285387582378251
I see News has rumbled the resident basher Banburyboy yet again, this individual has been exposed for lying, no surprise there. So BB says he has been around for 5+ years posting on RRR yet the account was only created 3 years ago, so what was the alias prior?
Remember the CEO of RRR came on this board firing a (legal) shot across the bow of BB implying he had resemblances to Carp, many 'normal' individuals would have backed off to some extent but BB continued unabated, that in itself seems very strange.
I ask if you had no shares in Red Rock (a £2m outfit) and were warned by the CEO to back off or potentially face significant financial penalties surely most sensible individuals would call it a day, not BB, this individual has and continues to try to destroy shareholder value by 24/7 negative garbage, even seeking out the CEO's home address + delving into Companies House to try to diss further.
No BB is here for financial gain, I do not believe a word the fellow says, of course he will deny every accusation with vigour but slowly News is finding holes in the lies.
I am sure when AB's workload diminishes the matter of BB will be re-visited as implied by Helpful.
Https://twitter.com/KingKong9888/status/1777742744506728797 9.4.24.
One in the thread said Costco has a MAXIMUIM 5 policy.
Https://twitter.com/pauljohnson9691/status/1777687736889094290?t=Te0_lPu7uC0JNWQ9FvjH7g&s=19
DYOR
Link: https://www.rrrplc.com/investor/shareholder-information/major-shareholders/ 13.3.24 [Source: RRR].
There are 3 shareholders:
Mr Topham via HSBC Global Custody Nominees, 5.75% [used to be 16.78% on the same no of shares of 204,1467,627 as at 10 June 2021.]
Mr Black via Nortrust Nominees, 5.66% [201,000,000 shares].
Mr A. Jones via HSBC Global Custody , 4.38% [117,050,043]
Yesterday's buyer: 25m shares already owned +31m+29m+50m bought yesterday = 125,000,000
Note: I dont know who Mr Topham but Mr Black is an investment professional. I am not sure about A. Jones as there are many A. Jones who are portfolio managers. It is very OBVIOUS MR TOPHAM HAS HELD SINCE 2021 and only these 3 or 4 have some 15% between them [excluded yesterday's buyer.]
VOTING:
That is company law and IF not happy about anything, it is the AGM that is the right place to ask. But IF, one is a big holder or better still a portfolio manager, they can easily ask for a conference call.
NAYSAYERS [NOT SHAREHODLERS] vs ORDINARY MOM & POP SHAREHOLDERS IN RRR. I think we holders OUTNUMBER the naysayers here. If any reading, one knows that if not happy, one can move on as and when. SO, THE WEIGHT OF SHAREHOLDERS VS NAYSAYERS ARE 85% OF RRR SHARES [the top 3 holders only own 15% in toto].
MARKET MAKERS: RRR--------------SHARES ARE UP FOR 3 CONTINUOUS DAYS IE +14%, +18% & TODAY =+3.08%.😊😊
WELL, THE ============MARKET IS RIGHT, ISNT IT?-----------UP FOR 3 DAYS SO STRONGLY AND ON VOLUME YESTERDAY SO, THEY MUST BE BUYS AS RRR ROSE +18% and at one stage +20%+.
Dyor. NIA. Tues. 9 Apr 2024 @7.38pm [Stock Market closed and NO ONE here on this forum].