The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thanks News that was a recent and interesting article. I can only hope that they keep progressing the bill and we hear something but I don't what what timescales they operate at.
LoL : How can anyone ask about RRR's GREENLAND "costs" and this is "warranted", IF THE PERSON ASKING IS NOT A SHAREHODLER? All could have been asked at the RRR AGM 16 Feb 2024, IF ONE COULD SHOW EVIDENCE of shareholding in RRR BEFORE allowed to even sit at the AGM meeting, let alone VOTE? How? No co, be it AIM, FTSE will be answering any question IF the enquirer is NOT EVEN A SHAREHOLDER OF THE CO? H O W ? Tues, 9.4.24
Link: https://www.tripleoklaw.com/the-future-is-coltan-an-up-to-date-kenyan-mining-law-outlook/ Kenyan Mining Law, 30 Mar 2024.
"..Kenya UNTAPPED mining sector has the potential to earn the country USD $6 billion or 10% OF GDP.
Kenyan lawmakers are seeking to make changes to the Mining Act 2016 via Amendments---MINING RIGHTS BOARD/TRIBUNAL to deal with DISPUTE RESOLUTION. ========BILL SIGNALS...ENHANCING the exploration of Kenya's mineral endowments. Amendment tabled on 1 SEP ---2023....WITH GOOD NEWS ALL ROUND..."
Robin asked and the above is in the public domain.
I do think an explanation on the Greenland costs is more than warranted ???
Going into the last 15 mins before the London Stock Market closes. Despite ALL the re-hashing of the naysayers , repeats, the RRR share price is still UP, with no RNS.
HL is now offering even more to sell at 0.062p for MORE than normal mkt size. To buy, 0.069p. So, all the time wasted ? Mkt DOESNT agree with the naysayers.?
Robins logic would suggest remediation costs for mining. Given the expiry of time, maybe the Greenland government came after us.
Another skeleton worth a proper explanation ?
Banburyboy:
Your London South East profile you joined on 13 Oct 2020 so that is only 3years+ ago.
You said you were here for 5 years.
You now state you invested in RRR ----------18 YEARS AGO----------- in your post 15:17, Tues, 9 Apr 2024 below LoL.
I will take the year 2023 [this year is not the full year yet] and minus 18 years = 2 0 0 5.
ANDREW BELL, LINKEDIN
"Red Rock Resources Feb 2005-Present."
Conclusion: So, it is IMPOSSIBLE that Banburyboy invested in RRR in 2005 year that he now says today as above.
Why? --------------------ANDREW BELL WAS NOT THE CEO OF RRR plc then.
RRR ADMISSION DOCUMENT:
"DEALINGS TO COMMENCE: 29 JULY 2005. [Pg4/65].
Chairman: Andrew Bell.
Chief Executive; KENNETH FRANK WATSON ["Managing Director"]. Pg 6/65.====AUSTRALIAN.
Assets: Mt Ida, Mt Alfred , Mt Hope{Australian projects]---all iron ore in Australia.
Savage River, Iron Ore, Tasmania , Australia. Oakover {Manganese, W.Australia]
Link to check: https://www.rrrplc.com/wp-content/uploads/2017/06/Admission-Prospectus_290705_RRR.pdf
CONCLUSION: So, over to your Banburyboy as to how you invested in RRR in 2005? Why? All the RNS's from RRR were from Kenneth Watson , an Australia "MANAGING DIRECTOR" and ANDREW BELL NEVER WAS ON THE RRR RNS AS signing the RNS as "MANAGING DIRECTOR" [or CEO as they now call it in the UK.]. LoL. How? Just askin.
News, this is the last presentation from ECR dated January 2024. https://ecrminerals.com/wp-content/uploads/2024/03/ECR-Presentation-Jan-2024.pdf
See slide 7 which gives the position of the mineralised corridor and fault that continue into RRAL acreage. This gives the licence area map but doesn't include Berringa or South Australia. https://www.rrrplc.com/wp-content/uploads/2020/06/RRA_Victoria_Government_Map.pdf
The thin horizontal line in the middle is a licence called Blue Ribbon or Ballarat North EL007285. This is the report on it https://www.rrrplc.com/wp-content/uploads/2020/08/License_Report_EL007285-Ballarat_North-Blue_Ribbon.pdf
What ECR's work at Creswick confirms is the mineralisation at Creswick continues into Blue Ribbon and through it.
This is the latest presentation https://www.rrrplc.com/wp-content/uploads/2024/02/2024.02.14_RRAL_Project_Presentation.pdf Slide 2 gives the current licence position in Victoria.
See slide 2 which refers to Berringa: it says this, "Estimated under 2000m further drilling (or, possible access via Adit to L2) will bring project to a resource stage"
What this means is this; if RRAL can gain access via L2, there will be no need to drill 2,000 metres to get an MRE. What does this mean? Well it is cheaper and quicker than doing the drilling. Has RRAL managed to get access via L2 to the mine so that they can do the work done to procure an MRE? I don't know but we have a CPR on the way. The purpose of the previous drilling at Berringa was to prove up the 3D Model, which it did.
RRAL thinks it has 596k oz at 8.3 g/t.
Conclusion; well RRAL has a project way more advanced than ECR called Berringa. We are waiting on the CPR.
DYOR
The Greenland cost is weird. I could ask AB but I think the explanation he would give me might be ambiguous so I will not bother.
Mbele is the magic word. HS0 is gathering his file. I will be doing bird !!
Strangest thing in the last two accounts 160k in full year accounts and 83k in half year is the Greenland costs ! What do you make of that it's nearly 15 years ago ?
Banburyboy:
Since you addressed me by name, then I will return the courtesy. You stated: "News you are on a hiding to nothing.
The meaning of that is: "That there is absolutely no chance of being successful." So, is that akin to a "curse" on me or on my RRR holding? Not clear, so just akin.
You also stated: "Too many DISGRUNTED ex and current holders told too many spurious stories over a long time."
Let me answer that specifically since your post is directed to me: IF, they are DISGRUNTED ex, that is fine because that is their choice - BUT TO CONTINUALLY POST ON THIS FORUM TO ACCENTUATATE NEGATIVES ONLY appears MORALLY NOT RIGHT at all. Why? No one can say they have NOT lost on stocks but there are CURRENT SHAREHOLDERS and it is NOT FAIR on any of us holders. That is why my --POSTING COUNT IS HIGH.-- Why? You now confirm that ALL except Maidit308 , HawaiiFiveO are the only ones on this forum that are holders of RRR stock. So, posting count is high due to replying to A HOARD vs 3 of us. IF, any are current holders they would NOT be joining the ex-disgruntled either since they are not helping matters by just posting negatives instead of balance. No, I will be successful, and I depend on Genesis 12.3.
Banburyboy yes Helpful will have a good idea but he only lets us know things he wants us to know. He never commented on your questions re the accounts etc. I must admit I did have a chuckle to myself about you being a Congolese spy. You are not are you???
Reccomend this post if you think RRR shares are NOT shorted.
Reccomend this post if you think RRR shares are shorted ?
I honestly don't know Robins.
I know they have a long standing liability to pay Kansai $1m which was deffered until DRC received . Helpful will know more.
To be honest when I first invested 18 or so years ago it's was all about Kenya and McCalder tailings and as nothing has happened I don't pay it much notice. That's not to say it doesn't have value but 18 years of no interest is worrying. I mean can you believe this nonsense about me being Congolese and part of a plan to thwart the $460m big prize !
I'm in total shock.
Talkinfo
Lets cut to the chase. I asked Duke to go to ECR forum to read. Read what? Read that at the END of the day, it will come down to the RESOURCE.
You said they FUNDED to END of this year. You told us on this forum that they DONT NEED FUNDING. Why? I called up the RNS: "Further re: Sale of Non-Core Assets" dated 15 Jan 2024 and I hear the interview wherein the CEO said they have enough since they are SELLING THEIR RIG. That is what you also said. BEHOLD: 14 Mar 2024, they raised £585,000!!!
So, Talkinfo - that is changing the goal post LoL.
Read carefully, what I said to DUKE ie go to that forum and read and I stated CLEARLY: IT IS NOT DOWN TO THE CEO--------------========IT IS DOWN TO THE RESOURCE.============
8 APR 2024 DRILLING RESULTS CAME OUT AT CRESWICK:
QUESTION : DID THIS RNS STATE ANYWAY, THERE IS A MAIDEN RESOURCE STATEMENT AKIN TO A JORC?
SO, the co 's mkt cap is still £5.64m. I am sure you comprehend that were it to have got a resource statement, then a broker can VALUE THAT RESOURCE JORC as norm.
Unfortunately, it will take drilling....and that cannot be DENIED. So, YES, END OF THE DAY, THE CEO CAN BE WONDERFUL but no one values a co on CEO, but on RESOURCE. Period. Thank you.
Banburyboy I presume the Kenya license has still to be renewed? AB said it all went well on his last trip there so what could the hold up be? And worse could it be revoked again?
News your on a hiding to nothing.
Too many disgruntled ex and current holders told too many spurious stories over a long period.
Helpfuls ridiculous FASO figures are really unhelpful and doing the company no favours.
news...
"why do naysayers not go to ecr folks to tell them they have 0 like here ie assets not worth anything kinda of thing? mkt cap is £5.84m "
maybe because ecr doesn't change its strategy every 5 minutes.
maybe because it doesn't claim to be a gold miner but then flick to lithium or candy crush sweets or oil or whatever other adhd idea pops up
maybe because it is fully funded to the end of the year
maybe because when things go bad the board are quick to act and heads do roll
maybe because the board are getting paid in shares rather than cash so they are aligned with shareholder values
maybe because ecr don't buy product from other companies and make out they mined it themselves and then get stuck with the stock when the price drops through the floor
maybe because ecr don't post photos of someone else's product before realising their error and removing it from x
maybe because when ecr say they will sell non-core assets to raise funds rather than dilute shareholders to oblivion they actually do it.
that's a few reasons why maybe ecr is valued higher than rrr currently but other than that i really don't know either.
it's a real mind ******.
AIM - Lithium is one spurious story
The normal operandus mundi is to hope it goes away.
Helpful who owns 10% of ALR so knows the whole truth was very quick to pivot to Tin.
He's normally very open on everything but exceptionally quiet on the 200 tonnes of Lithium.
Bell said they were in Zimbabwe. Company said its not our Lithium after the fiasco of the photos.. Lots of capital needlessly tied up. All very odd
It's unbelievable that were not held to account for that IMO.
Where is the lithium now and has it been paid for?
Have the company made an announcement?
Have a read on that forum, Duke before you comment. Thanks.
Drilling is the SAME, --------------irrespective of any CEO.
Facts cant change ---------it is RESOURCE, not CEO.
HL is offering me more at 0.0615p to sell vs yesterday at 0.068p.
To buy, it is 0.067p.
I dont have L2 so I dont know if there are buy order etc to warrant why MM's are offering more to buy. Maybe, HO1 can elucidate since he is at IG? Tues, 9.4.24.
News - My best guess is because Andrew Bell isnt CEO of ECR - That man will automatically weigh heavy on companies share price in my opinion, based on past history.
Https://www.rrrplc.com/mikei-gold-project-kenya/ [Short Video]
Highlights:
Near BARRICK GOLD : Mina Mine , Tier 1 - 500,000oz of gold a yr.
Near Shanta Gold , 105,000oz of gold a yr.
Investment friendly,. Revision of Mining Act.
Near Infrastructure. 15km from Tanzania.
245km square -- RRR Mikei Gold, 1.2moz gold. Macalder Tailings. Early Feasibility Stage.
2 licences. "
First Equity Broker Note: Value US$13m based on gold price of US$1,700 and using $25/oz for Indicated and $4/oz for Inferred. M & A usually US$30/oz. Gold currently US$2,300 approx. so revaluation as norm? RRR MKT CAP :£2.3m.
Any other example: ECR which has licences in the Victoria Golden Triangle, Oz. Mkt Cap of ECR: £5.84m.
No other exploration asset except drilling at Creswick, Victoria. RRR Australia - First Equity stated it can bring in £5.8m to RRR if it lists on the Australian ASX. Why? Minimum listing is A$20m for any co. RRR Australia is next to the hot SUNDAY CREEK and RRR Australia has done some drilling and awaiting the CPR review and signing off. So, what is the fuss by naysayers. Why do naysayers not go to ECR folks to tell them they have 0 like here ie ASSETS not worth anything kinda of thing? MKT CAP IS £5.84M ------FACT.----