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FK knows NEW'' but in the POW presentation 1 of the attendant did pose a question, saying RRR Australia IPO would value it's now 100% at £20m about 30x where our SP is right now'' and seems PI--ssed that POW is selling there 49% to us for some reason, but was assured that POW shareholders will still own shares in any IPO considered by AB..
but apart from that'' perhaps HELP would know a bit more about this relevant question you pose
Regards
There is chatter at 21:50, 16.4.24 relating to RRR Bilbale relating to a "VALUATION"?? Please note the " " to the valuation. So, wondering if this is correct or not. Posting to run it past anyone who knows? Thanks. 17.4.24.
Only 3 trades so far in nearly 3 hours should tell us how desperately short they are for RRR stocks, and that tomorrow can't come quick enough for the MM IMO, if that's what they are waiting on ? FK knows'' as I and others was hoping that it was DL or someone close to AB that put up that £260k and would have no reason to sell them in the Market for silly money if these RNS is imminent ? not only that we see an unusual 16666 sell trade trade @ 0.05 yesterday that instantly push the price up 4.5% i called it the sea saw effect, that could also mean the bottom have been reach, and the only way is up'' although we cannot second guess the Market, but intelligent reasoning is a important tool, if you possess it..
we will see what happen before closed tonight and at the start of trading tomorrow if whoever bought that 500m worth will start to off load some because as far as I can see, nothing have been forward sold, if we consider how quiet it has been on the trading front since that £260k funding has been announced, so i see it as a positive for the SP going forward
Regards
Some interesting chatter : There is interest in RRR Australia?
Meantime, SUNDAY CREEK'S OWNER, SXG rose again to A$2.31 , Mkt Cap :A$210m. LoL, after Shaw & Partners put out a price target of A$2.61 and initiation, the stock rises.
Since Mr Bell, Chairman of RRR Australia said the CPR is due after signature and that it is potentially out for an IPO, sale, JV etc. Whoever is potentially going to JV, IPO, sale etc, they are GOING TO OWN 1 OF THE HOTTEST gold exploration ground in Australia and evidenced by the MKT CAP of SXG who only own 49% of Sunday Creek, Victoria, Oz. Exploration target for Sunday Creek is only 1.6moz gold. Canadians are clamouring to buy SXG in Canada and dual listing has been RNS'ed. RRR AUSTRALIA: FOR ALL THE CRITICISM , RRR'S KILMORE, NEXT DOOR TO SUNDAY CREEK is a tremendous success. Kilmore was a MINING TOWN and when the gold RAN out, they went to SUNDAY CREEK. Paul Johnson commissioned work to find out if SUNDAY CREEK MINIERATION ===CONTINUES===INTO RRR/POW'S KILMORE. RESULT: APPEARS IT DOES eg DONNYBROOK WITH 200g/t gold vs Sunday Creek 199g/t gold. Helpful showed Sunday Creek's Mar 2024 presentation and the grades found have gone even higher. Sunday Creek --11km of strike potentially and SXG still drilling. Well, KILMORE was the 1st gold mining town BEFORE Sunday Creek and if BOTH were mining towns, how did co's not get in before RRR Australia ? Ah, Andrew Bell is or was an Australia and his Gramps was a Victoria miner. So, he knows how to get licences of interest and what a licence to have.
Yes pushing higher again and only a matter of hours before it break that $2400 significant barrier, and if it hold that level then there is no reason why it should not go on to $2500 before end of this month ? then i suppose most junior miners especially those are already mining or will be mining ST like RRR should not start to reflect this phenomenon in there SP whether people like it or not... we are going to produce gold shortly...
So gold back to $2,395. $2,400 about to fall again.
Very good for Bilbale.
DYOR
Nonetheless Doggie, posting non-stop about a company you are not invested in? Hardly rational, is it? Stick to the fluffing.
Its called research, due diligence and risk management helpful, maybe if you had conducted it yourself Bell wouldn't have you over a barrel, Ben Dover. It actually saves investors money if done correctly. If I had followed your 'research' into rrr I would be 90+% down.
Morning all, with so much going on in the background and at least x3 update expected imminently look like they are really going to need that 500m on the 18th after all to satisfy Demand when those expected RNS drop ? although I and I'm sure others genuinely invested would have hope to see at least 1 of those RNS come before, but it is what it is'' we can't spend our life moaning on every stock we invest in, because things have not turned out how we expect it to ? it's better to move on and try another stock until you get it right, but rest assured they are all the same, and will come good when they come good, there is no certainty that your stock will go up none stop like BTC to $73k from 12c? we have to constantly assess risk and get out if you have any doubts... otherwise bitterness will set in, so much so that you will start to hate on anyone that bought in and have positive view at these levels, and why ? because you bought in at 20p 10 years ago and never put in a 10 or 20% stop lost'' so now you will blame everyone else but yourself.. and now PS--SSED because they are getting in at the bottom and could potentially get rich on 600 pound worth SO LETS PUT THEM OFF LOL!! HATE HATE HATE, wish bad luck on others'' lie about a buy been a sell if you have to, any thing to stop the RISE WTF
GOOD LUCK AB we await further instruction
ATB
Https://twitter.com/oriental_ghost/1780502628511932463 17.4.24 [With screenshot of the prices for gold & silver].
Relevance|: RRR is a gold exploration co and has a JORC in Kenya of 1.2moz gold [licence in the process of being renewed], Bilbale & Victoria, Australia - all appear to be predicated upon the price of gold as that is the underlying precious metal.
1st post of the day.
As I said Doggie, your stupid games.
So glad to see you have so much money you can waste your highly valuable time on a company you are not invested in but each to their own.
Interesting to see that you are also an expert on fluffing.
Well you've never been right yet Hapless, so fingers crossed you've actually called this correct for a change. History is not on your side though I'm afraid.
Lots of fluff in there helpful. I prefer to work from the RNS's. 18 placings, CLN's & issues of equity issues since 15/12/22. When does the dilution end?
11/04/24 260k 0.051p placing
14/12/23 500k 0.075p placing
11/12/23 110K 0.11p placing
19/10/23 500k CLN
22/08/23 52k CLN
07/08/23 623k CLN
22/06/23 288k 0.165p placing
30/05/23 33M shares issue of equity
30/05/23 65k debt paid issue of shares
24/05/23 56k debt paid issue of shares
12/05/23 18M shares sip
11/05/23 535k 0.1425p placing
04/05/23 30k debt paid issue of shares
14/4/23 £25k debt paid issue of shares
04/4/23 223k 0.18p placing
15/3/23 348k debt paid issue of shares
24/02/23 26M shares issue of equity
15/12/22 500k fund raising
For the public record Helpfuls FASO numbers.
-5,000 ounces net to RRR
- $550 per ounce cost
- 1,100 tonnes throughout per hour.
Let's hope he's closer than his 1 -5m tonnes Tin Hill quote [ curtesy of Zumore]
Go on Doggie, I will play your canine games.
Why would you be interested in what I think? Surely you are the expert and far better informed than moi?
Who knows? Until it is done it ain't done but we have lots on the go, as you know (or maybe not, the expert stuff does seem to get in the way). Your question is a compound question and therefore not really a question but seeking validation of the premises.
My numbers on BF look pretty good to me but it is income and takes time to come in (income being a flow, as you know).
Capex and opex are different: Bilbale should cover opex including corporate overhead so it depends what the capex is.
Capex: needs to spend $250k on drilling in Victoria; $150k on Luanshimba; $150k on drilling in Kenya to restore the JORC over 1mil Oz; $200k on drilling in Burkina Faso. But deals in Victoria and CDI likely. Kimono needs picking up and ALR needs to get going again on the licences including looking at the tin at Tin Hill.
Don't forget(not that you would) that Bilbale alluvial is three phases: the start phase with a small number of wash plants flown in, the second phase with rest of the kit shipped in and the third is the production licence for mechanised production probably October.
The serious stuff is the mechanised, probably $10s mils pm.
DYOR
While you are here helpful. Do you think rrr will have another discounted placing in about 2 months diluting shareholders again?
Morning helpful, a proper old skooln RNS silly.
Https://twitter.com/jczuleta/status/1780483091603026152?t=5V85ssjt1cMD5bwt2eaLRA&s=19
DYOR
Morning trolls, just checking in....
So if we get news on the wash plants for Bilbale should it be in an RNS, RNS Reach or a tweet? Or even all three?
Thought it best check with you, you know with you being experts and non-shareholders and all that.....
Https://hotcopper.com.au/asx/sxg/
Southern Cross Gold [49% owner of Sunday Creek , Victoria, Australia , share price A$2.17, MKT CAP A$198.6M.
So, Shaw & Partners has just issued coverage and price target A$2.61. This just came out, Tues, 17.4.24.
Hi,
It''s a ROLLOVER, not 2 buys.
It was a sell followed by a buy, a few seconds apart at a cost of £135 plus dealing costs.
Evening Maidit308. I have been OUT fixing my teeth. However, just before I went out, I noted the then NO 1 TOP RISER, a goldie with a market cap of £19.78m. Their RNS today announced the initial findings of a 3 hole drilling at Jennings-Pioneer in South Carolina. No details yet but it is supposed to be a gold-silver & copper project. Earlier, on 25 Mar 2024, a 4 hole drilling programme was done at their South African project - 1 hole missed but NO detailed assays either.
There is another Zimbabwe AIM co with a mkt cap of £13.71m Two hole results came out with 2.53m & 1.32m @29.08 g/t gold & 1.08g/t from 97m & 214m.
RRR: NONE of the above 2 co's have a GOLD RESOURCE DEFINED BY JORC. So, very early drilling and thus far, the above is left to the reader. RRR has a 1.2moz JORC gold deposit in Kenya and hopefully, we will hear an update as to the renewal of the licence.
RRR AUSTRALIA:
Some one on Hotcopper Southern Cross Gold said that the MKT CAP IS APPROACHING A$500m. Why? As I said, Southern Cross only owns 49% of SUNDAY CREEK, VICTORIA, OZ whilst the 51% is owned by the parent, Mawson of Canada. Southern Cross Gold's mkt cap is A$219m from the last time I checked.
So, RRR at KILMORE, the 1ST GOLD MINING TOWN before SUNDAY CREEK does appear to show promise given Paul Johnson's commissioning to see if the Sunday Creek mineralisation EXTENDS into RRR/POW Kilmore. It does at Donnycreek, Kilmore with 200g/t gold vs 199 g/t gold at Sunday Creek. Helpful posted the latest Mar 2024 presentation of Sunday Creek and higher gold grades have been found. DRILLING CONTINUES and A FUNDING ROUND JUST FINISHED FOR A$10M. NO RESOURCE STATEMENT YET EG JORCE. EXPLORTION TARGET 1.6MOZ.
QUESTION: AS WE HOLDERS AWAIT THE CPR AND SIGNATURE FOR RRR IPO [thanks to Maidit308 who gave the link to POW recent video interview in which the CEO said POW Australia-RRR Australia is HEADED for Oz IPO?]. IF SO, THEN , IT DOES NOT TAKE A GENUINE TO KNOW THAT FOR BOTH POW & RRR, KILMORE MAY BE --------potentially akin to Sunday Creek, and IF, it is so, proven by drilling, THE MARKET CAP will exceed ANYTHING on AIM for both co's.
However, RRR may have to CONSOLIDATE its portfolio and hopefully, they KEEP RRR AUSTRALIAN IPO. That is my view if it is potentially possible. CANADIANS WANT TO BUY INTO SOUTHERN CROSS GOLD due to demand and Southern Cross Gold will be dual listing shorting in Canada. Hope management will say something. DYOR, NIA. Tues, 16.4.24 @6:20pm, Stock Mkt Closed. IT IS ENCOURAGING THAT THE GOLD PRICE IS HOLDING - all goldies are in a better position with a good gold price , so watching the gold price is of relevance?
Good evening NEWS'' nice to here from you'' welcome to the evening session, look like green boxes have been running riot while you been away 14 post because of a 4% rise LOL!! I'm sure you will sort them out tonight M8
good luck
same again tomorrow hopefully
ATB
The spread showing on this London South East RRR shows the above.
Spread 0.55p & 0.6p.
For the TWO LARGE TRADES [in blue], a premium was paid at 0.064p & 0.065p. The 0.058p showing in red are sells. The transaction after the two large trades was a buy at 0.062p for £245,000 @395,169.
NOT sure WHO is BUYING give the two buys were timed at 13:57 each and secs.
[[1st post today].
Robins In addition to asking about Lenigas (consultant we can add to the list: Quinn (Director), Borelli (Director) and Ronaldson (Corp Sect)
What are each of those people doing?. All of them are getting paid so what are they doing? I have not checked but I guess that collectively they make more than AB, so what have done? accomplished?