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If Duke, everyone took your idea of ASSETS, then all the AIM CO'S would have to go to £0.
Do any of your other stocks MAKE MONEY and if so, on what P/E and what is their FREE CASH FLOW?
Thanks.
It does when you have had nothing back from your assets during the time of the share placements listed !
Oh, so just listing placings but IGNORE Assets on the Balance Sheet? LoL. That isnt the way it works? Yes, No?
223k 4/4/23 0.18p
535k 11/5/23 0.1425p
288k 22/6/23 0.165p
110K 11/12/23 0.11p
500k 14/12/23 0.075p
260k 11/4/24 0.051p
This is omitting shares issued to pay debts. Just a quick check so there could be others.
Interesting indeed HP'' gold is going back up'' and seem to be doing it's own thing like Bitcoin unaffected by USA Market economics, and RRR trades has drie4d up at the same level 21 / 22 trades for the past week even with more shares on the Market to satisfy demand ? just goes to show how tightly held RRR stock is right now'' and it will all depend on how much of that 500m issue the buyer is willing to sell when he gets them on the 18th
Regards
If, as the writer said, he is a CHARTERED ACCOUNTANT, THEN WHERE IS THE ASSETS , given you only point only 1 direction? NOT BALANCE is it? Just askin.
My observations
1-Placing was long overdue. IMO it speaks to AB's belief that DRC cash is indeed close
2-If this achieves putting Burkina Faso into production then this creates tremendous value for RRR and is well worth it
3-RRR's market cap is so incredibly low, less than $2.5 M that it took so many shares to raise that amount of money
4-this dilution is the result of seeds planted years ago when RRR began obtaining or filing for addition licenses.
5-If this is the start of large gold market market rally this price should be the bottom of the market
Dukey keep it simple 18% of the company gone for a meesly 200k the day after Hapless was prompting gold bonds at 1% per annum..
200k will last a month. Hapless will partake in the placing and sell on. More dilution from POW deal. An absolutely awful balance sheet £4m of debt and £26m of accumulated losses. Its a car crash and yet Hapless has the audacity to big up FASO the same way as he did Lithium.
The red flag is when they tell you the CEO needs to be out there to stop the gold being stolen?, they imo don't have the cash know how critical mass or expertise to make a go of it. Its a final last roll of the dice as DRC and Lithium went pear shaped. Time will tell.
Duke
How do you know? Can you see my account given you said I was a recent buyer at the DRC news?
As a RC, I only look at my own account and what DRIVES the share price. Why wont I make technically if the share price goes up? FACT: MM'S----------ARE NOT ----------REPEAT -------SELLING RRR SHARES AT THE ISSUE PRICE OF 0.05P per RRR RNS today. Oh, but since you are NOT A SHAREHOLDER, YOU WONT KNOW since you have NO SHARES in your account ie RRR? Yes, I am over 21 years old and I know how to buy or sell shares LoL. Thank you.
Hello , Mannann.
Yours posting count is more than me. I checked LoL. So old timer.
Since this is your 1st post on RRR per your London South East posting PIE CHART, are you looking to BUY ?
Why? If I am NOT wrong then I think you are interested in stocks at their lowest? Yes. No? Not sure as I cant check 50,000+ posts of yours to find out LoL. Thur, 11.4.24
[[SHARE PRICE IS STILL SELLING WITHIN THE SPREAD QUOTED 0.06 & 0.06 BUY/SELL . But live sell is 0.0578p. FOLKS PLEASE CHECK YOUR OWN RRR SHARES to confirm if the same as my HL quote. Maybe, IG quote is different.?
News, you do see the bigger issue for share holders dont you when shares are issued at discount to the SP. Unfortunately you have bought shares on the market at a higher prices than current SP(imo). Over 500 million shares have now been sold at discount to a select few, who will no doubt in my opinion sell in to any rise and be happy with 10 - 20% profit. They will be selling 500 millions share at a price when they are in profit and you are still under water !
Not a good news
Oh, if NOT aware, Australian mkts start late at night in the U.K.
USA mkts dont end at UK time, 4.30pm either.
Hence, I am never ON early for the UK market usually. Comprede?
Everyday, I CHECK in late in the morning. FACT.
As for share price: IF ONE HAS SHARES, DO A LIVE BUY & SELL. There is NO CHANGE in the buy price at 0.06p.
The sell is 0.0578p still. FACT.
FACT: RRR RNS ISSUE OF SHARES 0.05p.
I'm sure news will ha e a brilliant explanation for it. In his eyes we're probably blue today for the 28th consecutive day, not that he trys to use the spread to promote his agenda. Notice him and Hapless suddenly chirped up again at the same time late this morning. Bell's little fluffers.
-----Isnt the above the SAME as with any other AIM co, especially explorers.?-------
Since the writer is NOT a shareholder, and only upon a DRC Award settlement of US$10m, will the writer buy per his guidance, today's RRR RNS is not applicable to the writer, isnt it? Adding some balance. BUT if there is DRC settlement of US10m, then the writer will buy £500 worth of RRR per his earlier guidance? HOWEVER, it is POSITIVE that the share price has NOT CHANGE from yesterday ie BEFORE THE ISSUANCE of shares. THIS IS NOT THE CASE normally, isnt it?
Just askin. So, moral of the story is: It would appear...fill in the blanks.
Rinse and repeat shareholder dilution...no other way to positively spin this. With every dilution the potential gains for LTH erode further and further. This share goes down a lot more than it goes up.
Plus yet another vague RNS:
"The Placing proceeds will be applied to bringing gold assets in Burkina Faso to production, in accordance with the announcement of 27 February 2024, and other working capital purposes."
What is the split on proceeds going toward Burkina Faso and how much of the £260k is going on 'other working capital purposes?
For example, is it £10k for BF and £250k to keep paying people (including consultants) fat salaries.
Also, I thought BF equipment was being supplied FOC so no real outlay for RRR initially. Now quarter of a million needed. Where is the strategy, who is controlling the spend, how long will £250k last before more dilution is required. When will RRR expect to generate cashflow from this £250k investment?
I suppose none of this is relevant though because as usual RRR say the DRC money should be here soon...cheques in the post style :) I think it's been roughly 10 months since I fell for this gag and yet it's still imminent. :)
Not a single holding PI in profit on this share - FACT. (excluding those of course who are invited to partake in the discounted placings).
Https://www.lexology.com/library/detail.aspx?g=68deaa69-5091-4529-8e9a-b4dc5e99765a
https://www.imf.org/en/Publications/SPROLLs/WAEMU-362#sort=%40imfdate%20descending
Interesting...
DYOR
----------------POSTERS----------------
Have all suddenly disappeared ie the main noise/s?
Only thing that has happened between yesterday and today is the RRR RNS, 11.4.24 -ISSUANCE OF 509.8 BILLION SHARES vs 3.5billion in existence. NO BIG BUYS - just 22m trades today. So, appears it was a COVER? No overhang either, SHARE PRICE live is still the same as yesterday @0.06p to buy. NOT DROPPING to 0.05p issue price. Ah, so!!!
AUDITING:
Anyone would see the DISCREPENCY between 509.8 BILLION vs just 22m shares sold. IF any co has 509.8 BILLION shares just issued, the MM's WONT want to buy LARGE lots of RRR shares from private investors. Why? 101 says there would be in theory, what they call "OVER-HANG" of shares in RRR. Such over-hangs [too many shares] would cause a WEAKNESS in the share 101.
It is NOT happening - FACT.
So, now the only logical reason is that that the 509.8 BILLION SHARES were to COVER 101? Yes. No?
509.8 BILLION issuance today vs 3.5 BILLION SHARES ISSUED IE IN EXISTENCE represents 1 4. 5 % issued today of RRR shares. WASNT A.BELL, CHAIRMAN OF RRR CORRECT when he tweeted about SHORTS???? So, is this covering then of what Mr A. Bell , Chairman of RRR tweeted ? Yes. No? Answers on a postcard. LoL. Interesting eh? Thur, 11.4.24.
This is very interesting:
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/396-tsx/ore/158932-orezone-reports-q1-2024-gold-production.html
Average realised price in Q1 2024 $2,066/oz
DYOR
Https://www.juniorminingnetwork.com/mining-stocks/burkina-faso-mining-stocks.html
Useful resource.
DYOR
Question:
1[] If the Market has just GOT 509.8 BILLION SHARES from the ISSUANCE today, 11.4.24 where have they GONE ?
2[] Why? The 19 trades so far number only 22 MILLION+ as above @12.25 noon [delayed data].
3[] Why does the MM's want to buy EVEN more from the investors as I could SELL a large no above normal mkt size of 200,000 all in 1 go?
4[] Issuance price 0.05p. Why has the share price NOT fallen to the issue price of 0.05p but still remaining 0.6p to buy and 0.578p to sell? Usually, folks panic and sell to the issue price 101?
5[] Why is the "FAIR PRICE" for RRR still 0.06p to BUY, SAME AS YESTERDAY , BEFORE THE ISSUANCE of today as above?
6[] Why is "NOISE" not being listened to by the MARKET?
7[] Conclusion: WHERE ARE THE 509.8 BILLION SHARES NOW? Did Maidit308 not say that investors were asking and as norm, one has to wait to SEE. Seems that indeed shares have NOW been issued today.
8[][] Question: Was it to cover a position? Or are there buyers on the books 101?
--------------Any intelligent person would ask the above questions. Yes. No?--------Thur, 11.4.24 @12.32noon.
ANY INTERVIEW?
ANY NICE NEWS TO FOLLOW AS NORM?
Perhaps this bit of money will also go to the local illegal miners as compensation for lost of earnings and also give them a job to keep them onside ? FK knows just thinking out load'' and would make perfect sense'' i mean £20k in the pot to help poor family working in the mines would build community spirit..
GL AB we are 100% behind you, although still a little bit P--SSED that you have been got at'' for a silly 0.05p when they would have had to paid at least 0.20p on DRC cash or on the start of production.. that is close
Yep, the trading has pretty much all been blue: two sells for £88.00 between them.
Well AB has to be this Bilbale thing producing asap. As I have said several times, what is at Bilbale in the alluvial is a multiple of what we are due from DRC.
I have a relook last night at some alluvial wash plants: some decent sized ones don't cost that much. Whilst we are doing the "test production", we can't move the volume production kit in. I saw yesterday a 200 hour plant costing $50,000.
On our model 10 hours a day, 2/2.5 g/t without a crusher, that sweet baby could do some serious production.
https://www.youtube.com/watch?v=4jvV2-vsCxQ
DYOR