Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Zumore Sams payback will be a stake FASO Greenstones.
The question for RRR shareholders is what is Greenstones ownership FASO government 15% RRR x % and Sam [ Riverstones] z %.
I suspect RRRs x percent will be decreasing the more Sam funds us
LoL Helpful. Today, I learnt some commercial nous from you. Tax of $100k which in my experience is either it is fiction or somewhat rather strange in that exercise duty is not paid in that way, so I reserve comment. Suffice to say, I learnt something of real value and in real life, I will note this. As for snakes, oh, my , that is something in real life to take note of as well. So, my outlook will be to take even more due care than I have done in the past. Thank you so much. God Bless.
News, re DRC.
The person causing us some issues previously was a Minister, he is no longer a Minister. There are two routes out of this: do a deal directly with VUP (but dealing with them is like trying to hug a snake) or wait for the Arbitration to be concluded. The Arbitration has to be signed off by the Chief of Staff but he is busy till the Cabinet is signed off. So what AB is saying is that VUP either signs and we move on but we are not getting in any jiggery pokery or we wait for the Arbitration award. If we do a deal with the people who are in charge of VUP but there is jiggery pokery such that the owners of VUP don't get what they are expecting ($7.5 mil) then all hell will let loose.
DYOR
That was my assumption also. As they say, STRIKE when the iron is hot and all that re: RRR Australia IPO. Yes, I did check Companies House as well after your kind mention of the tweet. As for RRR Australia, Southern Cross Gold on the ASX has gone up further to some A$210m mkt cap just for 49% of SUNDAY CREEK Victoria, Australia. I posted about Sunday Creek on the RRR.L site. Essentially, NGM got the licence and they did TRENCHING [very narrow type trenches which a person cant walk in & they look like holes to me. So, maybe, they wanted to save money. Anyway, they found gold and they SOLD the licence to Mawson of Canada. What I found out is: VICTORIA gold tends to be nuggetty and NGM said that it is harder to evaluate ie model but the DISSEMINATED type of gold is easier. However, there is DISSEMINATED type gold in Victoria, so perhaps that is where RRR Australia comes in @Ballarat area. However, the SKY BLUE is still with KILMORE, the next door licence to Sunday Creek. As you indicate which RRR confirmed , it will be IPO, Sale or JV. I think that it may be more of a SALE or JV. Why? The hottest stock on ASX, Australia is Rin.... DL wanted to buy the licence but the chap didnt want to sell but rather he wanted to IPO in Australia as it is the hot Paterson region. So, the IPO went ahead but after a short while , the Chairman left and this is typical of Aussie co's. The only director left was the Aussie who took a A$2m mkt cap to over A$1bn for a coal co. So, two new directors step in ie Harvey and he held senior geo positions in Fortescue which is a billions $ co in Australia. Ah, in steps DL as Executive Chairman and what have you now, the WEST ARUNTA bull's eye anomaly and the stock has gone up >100% ie up hugely every day. So, the man that can take RRR Australia forward will probably be DL since he is in the hottest Aussie stock and the anomaly IF it turns out like the WA1 anomaly, then $bn here she comes - all in the RNS/Ann. Did I HEAR CORRECTLY ABOUT DRC from Mr Bell, Chairman of RRR as he seems to have a cold? Thank you. Mon, 29.4.24
Just because Bell said Sam Mahendran or unofficial JV partner doesn't mind paying for things when money is needed that doesn't mean that he/they won't want it paying back.
https://www.lse.co.uk/rns/RRR/issue-of-equity-and-update-ouqlabit8bk25ia.html
βπππ You couldnβt make it up πππβ
You wanna bet? This shower are capable of making up anything. The bigger the pork is the better as far as theyβre concerned.
TDT
News. Re NBGC, that tweet by them makes me think that we are due some action imminently. Market conditions have changed in Australia: they are back to when Fosterville South was all the rage. I think we will hear something on the IPO shortly. I don't know but I suspect it is case of deciding whether to go for sale, JV or IPO and if IPO which route to go down: there is more than one way to IPO a cat.
DYOR
Afternoon. Helpful. Thanks for the Ballarat Gold Corp tweet and the Elephant link. Ah, exploratory wells were done and light hydrocarbon etc. With regards to the interview by Mr Bell today, I gather that the President needs to be in the DRC and it will need his stamp as well, inc Parliament ie procedural and all that. This is the subject that Maidit308 and myself are interested in as well. Very helpful to know that VAT was postulated. Recommend. Afternoon, Maidit308 - I have been reading but I have been enjoying myself not having to reply to noise etc. Keeping a low profile ie no need to do community notes LoL. Thank you. Mon, 29.4.24.
πππ You couldnβt make it up πππ
So there you have the answer re the delay. When the initial plant got to the airport ready to be flown in, customs or someone tried to charge over $100,000 in VAT.
The kit is now going via another mechanism but it is all the kit in one go rather than just one plant.
Alongside the initial "trial" production, they will be doing the work to secure an industrial level production licence: that is "fully mechanised".
DYOR
Https://twitter.com/StockBoxMedia/status/1784941956306547182?t=3iOCAT1WJdvnXwGSeODNEg&s=19
DYOR
π€‘. It appears that you were constantly playing truant during maths classes with the fantasy figures you constantly quote on here. Tic, toc old boy, laters.
RRR owns 100% of Faso Minerals Ltd - registered in GB.
At 30th June 23 FML held 100% of FASO Greenstone Resources SARL.
Absolute key to shareholder investment decisions and how much Bibelle is worth to RRR is how much of Greenstones do we own ? Is it still 100% ?. If so brilliant if less Company really should update.
No Doggie.... You really don't do the English Comprehension thing very well: didn't they do Comprehension at your school?
Anyway, looks like you won't get your buy in opportunity regardless of how much you troll.
Woof
AIM it's either dilution or giving away a larger part of FASO we are torn between a rock and a hard place ! They will IMO chose giving away more of FASO as its outside the public domain.
I have allways wondered how they funded Q1 as cash on hand at 31st Dec was really low. I do wonder if instead of loans ( no charges at CH to evidence) we were leveredging our holding in FASO.
Interesting one.
Can't be too far away if it was done at 11an ? watching and waiting ATM, and this is not the time to engage with trolls IMO, as AB AND TEAM can do with all the help and support they can get in there quest to get production going ASAP arguing with trolls who is desperate for a reaction on there every post in these delicate moments certainly won't help the cause..
BTW ZAK IS NOW CHARTING DAILY GOLD and he is saying if it holds above $2310 like its been doing then the next leg is $2400 +
On the face of it RRR own the company applying for the licence and permit but others are funding the set up costs.
RRR does not have a brass farthing so our partners have us over a barrel.
Most likely investment is for an equity share if its that good.
The terms will be interesting so 42.5% RRR 42.5% Riverstone 15% FASO government.
RRR gave away quite a large percentage of ALR for a very small amount of funding [75% down to 47% according to our resident insider Helpful]
Key question for Investors is how much of the FASO company does RRR own.
We won't be told in my opinion but it's massively relevant as it's the net due to RRR in project updates that matter NOT the gross.
Company has an obligation in my opinion to make this clear in updates as it influences shareholder decisions.
Helpful how do you stay upright with those clown shoes you wear π
You foolishly tied yourself to the timeline and now we are having a placing and @ 0.2p-0.3p? Every village has one and your village has sent out a search party looking for you... π€‘
Doggie, that is your timeline. Not anyone else's.
If RRR places shares at 0.2p is anyone bovvered? or 0.3p?
You refer to a dilution but what matters is what use the money is put to and at what price the shares are placed and who to? If RRR needed to raise more money for Bilbale, I wouldn't have an issue (NB I don't think it does).
Suddenly, you are worried about dilution. People are normally only worried about dilution if the assets are worth something: your fellow trolls contend that the assets are worth nothing and so what would be the issue about dilution?
DYOR
No one beleive the hype any more. It has to produce and deliver.
News on 200 tonnes well overdue it was supposed to be exported after the Chinese New year late Feb early March.
Note the company is no longer referring to this and imo would love to wish it away.
Shareholders should not let them do that as it says a lot about RRR.
To be fair Helpful you said on a numerous occasions first production was mid April [ so tying it down you Helpful said week commencing 15th April or week commencing 22nd]
That was miles off.
You also said Tin Hill would produce 1-5m tonnes of Lithium. The 200 tonnes has been lost. As a 10% holder of ALR your information / advice is absolutely pants.
The Nomad has passed on including the FASO in a proper RNS. As such it must be considered an aspiration rather than anything of substance.
Let's see how it gets on but your track record is appaling and the company is not far behind.
Muted market response tells you everything.
Helpful subtle or not you really should read and digest what is written. You have stated that the plant will now be up/running/producing before another placing is required ie 42 days. Tic toc old boy π€‘
Https://twitter.com/nbgoldcorp/status/1784902815011250261?t=t0NG6vnIa7GpIys_Q_ufDA&s=19
DYOR
Doggie, maybe this a bit subtle for you but I was referencing your timeline not mine.
Again, this might be a bit subtle for you but even RRR doesn't need 100+ people for one 5 tph wash plant; maybe the plans are now much larger? Maybe Willem's report has influenced what they think is possible? 1m+ Oz is big..... Heavy plant coming from Asia, sounds big to me...
DYOR