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So as Bell in his wisdom has not got the partners to sign a contract, just a handshake, the partners can say 'no, we have decided to deploy our plant elsewhere', leaving RRR high and dry?
Jesus they've even got uncle Albert working for them now 😂😂 useless posts in the last 24 hours
Maybe illegals left behind 16 wash plants :)
AIM to produce the maximum of 768 grammes a day [27 ounces] they need
- 16 washing plants
- processing 6tph each for 16 hours EACH.
- Stellar gold quality 0.5g per tonne.
That's everything maxing out.
Assuming a generous 50% RRR share that's a year to get 5000 ounces net to RRR. Helpful said we would produce 5000 ounces soon !!
It's tosh as ever from Helpful evidenced by the companies RRR own presentation.
Don't know about others on here not reading or is Helpful just playing the fool.
Doggie, not my call. It is the JV partner's call. His kit, which is in storage in SA, will take 10 days or so to ship to Abidjan and then needs to be driven to Bilbale.
They need to have secure base/camp to operate from before the kit gets shipped. A survey needs to be done of what the illegals have done on the site. If you take a look at the pictures and video on Twitter, you will see the illegals had an operational site but small compared to what we have planned.
So it comes down to, have illegals left enough behind and in good enough shape for us to start processing ore on a small scale or not? Willem and Ali have been out there a week now; time for some decisions to be made.
DYOR
When does the kit start to show up helpful?
To be fair mohamnx a list of twenty five separate posters on here and ADVFN, including you have called it right for years [ list provided on request ]
It's called bitter experience and once bitten twice shy !!
Laughing my socks off about 5000 ounces net to RRR happening soon. Helpful has over reached on this one. News has some seriously tight fitting blinkers.
All we get is accusations of short trading, conspiracies and acting in concert. Sadly its as simple as many years of failure and disgruntled current and ex shareholders.
Typical Bell dangled the carrot for DRC and now pumping the next scam project! Placing next i take it? BB and Duke called it right again
RRR Australia's next door neighbour at Sunday Creek gold project, Victoria, Australia [Southern Cross Gold, ASX] has just released a RNS [Ann]: " SXG announces $10.23 Million FULLY underwritten RIGHTS ISSUE."
LoL, after a rights issue that is so large, SXG shares can go UP 5.715% TO A MKT CAP OF A$175 MILLION for about 49.5% share of the gold project. Mawson , the Canadian parent owns 50.5% of SUNDAY CREEK gold project, NEXT DOOR TO RRR'S KILMORE, Victoria. MAWSON in having 50.5% is named as the "MAJOR HOLDER." Link: https://hotcopper.com.au/asx/sxg/
Comment: The rights issue is to raise money to drill. Sunday Creek has a STRIKE LENGTH of 8km running East to West. Per PJ of POW, he wanted to know IF Sunday Creek mineralisation runs into RRR/POW JV Kilmore, next door. A/c to PJ's commissioned work, it does run into Kilmore licence of RRR/POW JV, but now it is RRR Australia 100%.
NOTE: THE 100% MKT CAP FOR SUNDAY CREEK PROJECT WILL BE A$350M implied for gross value because SXG only owns 49.5% with a mkt cap of A$175million only. SXG HAS THIS MAIN SUNDAY CREEK GOLD PROJECT ONLY WITH NO JORC YET AS THE RIGHTS ISSUE IS TO CONTINUE TO DRILL to find the scale etc. ======IF AUSTRALIA STOCK MARKET OR LONDON STOCK MARKET follow pi's views of the naysayers etc, then BY RIGHT, HOW DOES SXG HAVE A MKT CAP OF A$175M for NO RESOURCE STATEMENT YET [OR JORC]? SO RRR AUSTRALIA is of great interest given the Sunday Creek is well supported and such a big rights issue of A$ 10.23 MILLION ----------WAS FULLY UNDERWRITTEN.----ie taken up etc. DYOR. NIA.
Contd:
and in the RRR RNS's re: DRC litigation is of the same type of reporting style. [9] RRR LIKE GANFENG REPORTS ON LITIGATION IN THEIR FINANCIAL RNS and to this end, RRR RNS, 28.3.24 REFERS as it is 1/2 year accounts. [10] RRR has stated legal counsel's opinion on international arbitration re: DRC matter. [10] LEGAL COUNSEL'S OPINION on NEUTRAL COURT which suggest INTERNATIONAL ARBITRATION and not a local MEXICAN COURT means the chances of "could" allow them to prevail. [11] Note that LEGAL COSTS may have to be shown in the account per Ganfeng etc as norm. NOTE -ASSETS AND LIABILITIES. SEE WHAT I SAID ABOUT RRR ASSETS AND LIABILITIES ---------THAT IS WHAT IT IS ALL ABOUT IE RRR VALUATION per the Balance Sheet.
So, there you have it folks. NAYSAYERS CANT BLAME RRR ---LOOK AT GANFENG, SUCH A LARGE MEGA LITHIUM PRODUCER also reports in the same style as Ganfeng. Where is it in the news. I checked NONE because no case at International Arbitration has been published yet. RRR posted about DRC Legal Action in the RRR RNS on 28.3.24 which is the way it is done. Going to be a long haul for even the mega giant Ganfeng. NOTICE COUNSELS --means that there is more than 1 counsel who advised Ganfeng. Relevance of Ganfeng's litigation to RRR? To show folks that the style is the same and RRR is reporting DRC as it is followed by even a mega co like Ganfeng. NOTE THAT EVEN GANFENG CANT SAY OH, IT WILL BE OVER AND DONE WITH IN 1 YEAR - like all litigation , it can or could drag on for years which is quite normal for ALL litigation cases due to need to go thru legal processes. 4.4.24 Stock Market closed.
[1] "GOLD: $2,317." -Katusa Research, 4.4.24 https://twitter.com/MarinKatusa/status/1775599573328699421 4 hrs ago.
Relevance: RRR Bilbale gold project and other gold projects inc RRR Kenya 1.2moz JORC [licence being renewed] & potential RRR Australia [Victoria next door to Sunday Creek] IPO, sale, JV or part sale.
[2] "LITHIUM: EV Bazooka: China unleashes EV demand bazooka with a 0% latest auto loan policy for personal cars."-4.4.24. https://twitter.com/8lusky/status/17754682649925001904
Relevance: RRR Zimbabwe is about lithium. So the China news as above has relevance for lithium demand.
[3] RRR DRC LITIGATION @Award Arbitration and INTERNATIONAL ARBITRATION potentially. Ref: RRR 28.3.24 RNS @1/2 yr a/cs. Helpful will be interested in our RRR 's Consultant's former project @Sonora lithium Mexico. GANFENG has just released their results and they mention the MEXICAN litigation matter: "\Pg35/126: As of the date of approval of FINANCIAL statements, the ANNULMENT CLAIMS ARE STILL IN PROGRESS. Based on the OPINION OF LEGAL COUNSEL, and the PROGRESS OF LITIGATION, the Co believes the CANCELLATION of 9 lithium mine concessions is NOT FINAL until TFJA makes its FINAL DECISION. -------------Also, the LEGAL COUNSELS are of the OPINION that the ARGUMENTS raised by the MEXICAN SUBSIDIARIES (((SUBSTANTIATED BY LAW, ANALOGOUS PRECEDENT and FACTUAL EVIDENCE)) ----COULD ALLOW THEM-----TO P R E V A I L before a NEUTRAL COURT, however the Counsels are unable to predict the outcome of the annulment claims. As there are many uncertainties in the trial of the case, the Group is unable to RELIABLY estimate the possible outcome and impact of the proceedings. Therefore, as at 31.12.23, with reference to the provisions of IAS 37 provisions, CONTINGENT ASSETS & LIABILITIES, the Group did NOT make any provision for the PENDING LEGAL CASES." "Events after the reporting date. As stated in note 13, the Mexican subsidiaries filed the annulment claims with TFJA in Ja n 2024 against the cancellation of 9 lithium concessions." With thanks and attribution to Bannor of KDNC for the link and info.
Comment: Firstly, I am posting about litigation to show the following: [1] Ganfeng has NOT even got off the 1st base as it has to go through legal counsels [plural]. [2] Claims are "STILL IN PROGRESS" just like what RRR said "guidance has NOT changed" per AB on Twitter re: RRR litigation in DRC Award. So, takes TIME. [3] Pending legal cases [note plural which means not just 1 case to potentially come]. [4] Legal language can NEVER SAY "WILL" BUT RATHER "COULD" as norm. [5] Substantiated by law. DRC wants it substantiated by CONGO LAW and RRR said their "rights" have been "established under Congo law." [6] Precedent is of importance. [7} FACTUAL EVIDENCE, not views out of nowhere but proof/factual/evidence. [8] NO COURT PAPERS ARE submitted in the RNS of Financials. Same for RRR. [9] Lastly, I am posting to show what RRR stated in the RRR RNS
P.S.
Heard of FIRST LADY? America has NO royal family so, the FIRST FAMILY is the President of the United States. Hence, the wife of the President of the USA is referred to as the FIRST LADY. Check:" FIRST FAMILY of the USA - Ref: Wikipedia. Hence, why the RRR forum has HIGH VOLUME OF POSTS vs FEW TRADES a day. So, naysayers appear to be WASTING THEIR TIME on this forum to provide alternative info to the RRR RNS's, RRR Interviews and RRR Broker Reports. All there IF ONE CHOSES to READ and check.
BanburyBOY said to look at the other forum as he said some 30-40 people agreed. As I said, only 2 posts constantly on the other RRR stock forum with one or two of the same school of thinking. BUT NOW THE CHIEF POSTER on the other RRR stock forum has PULLED AWAY FROM THE NAYSAYERS by posting: "GOLD IS VERY CLOSE TO $2,300 and ready to target $2,500. -----------IT LOOKS LIKE AB WAS RIGHT NOT ---------TO GIVE UP GOLD INTERESTS AFTER ALL." @21:06 Post 17675. LOL -INSTEAD OF BANBURYBOY et al thinking that he is backed on the other RRR stock forum, the CHIEF POSTER now has REVERTED and now says AB [ANDREW BELL, CHAIRMAN OF RRR ] IS SUCH A GENUIS !!! [kinda of thing?].
On Twitter, they says that Gold is NOT rising for nothing and these are the BIG NAMES inc publications. Hmm?
Lets tote it up for 30 days on RRR:
Theeeeduke: 155 posts [Not a shareholder of RRR].
BanburyBOY 208 posts [Not a shareholder of RRR].
Spec 91 posts [uncertain whether shareholder or not given he says he is from Canada].
Zumore: 40 posts [uncertain whether shareholder or not given Zumore said that the other party in the DRC potential litigation got the MUSONI DRC project with legal licences kinda thing = they own it rightly and legally vs "UNLAWFUL SALE OF RRR DRC" via the Clean Capital Broker note on RRR. If Zumore is right, then what are we ALL WAITING FOR ie US$10m DRC Arbitration Award from the Commercial Court ? Strange type of shareholder if one to say the other party who bought the Musoni for $430m has legal papers etc kinda of thing? Surely, there is a LEGAL AGREEMENT and that the $430m re-sale must be lodged somewhere otherwise how does RRR know ? Questions but Zumore knows better than RRR ? Yes. No?
One spends all day just to answer what is in the RRR RNS. Zumore must debate about FIRST FAMILY and that his family is the FIRST FAMILY in the UK!!! Even that has to be argued when it is clear what First Family is to all Brits or rather Americans as that is the term they use ? Then, I use Blighty and Zumore says its slang and he is more high class than me. Blighty is used in the WW for longing to come home to Britain and is a UK BRITISH MILITARY TERM. What a forum to have to reply to all this day in , day out. Spec argues about NOT A WORKING ROYAL. Succession plan is out via Daily Mirror a day or so ago and it is STATED THAT H. WILL NOT BE TOLD AND HE WILL BE TOLD JUST AS THE PUBLIC IS TOLD as he is NO "LONGER ROYAL" and is a member of the public now. IN BLACK AND WHITE, even that has to be argued on this forum in relation to RRR. End less. But now more serious since BanburyBoy has disappeared and he said Zumore will come along - how does BanburyBoy know Zumore will come along IF they are NOT buddies? Or that is what Banburyboy portrays as Zumore will come along to confirm RRR Coal Ltd? How? NO FORUM ON THIS SITE is like RRR forum. NAYSAYERS DONT READ RNS, A.BELL'S INTERVIEW ON RRR OR BROKER REPORTS ON RRR?
🥴
IF BanburyBOY posted RRR Bilbale gold project , Burkina Faso means that the other party will TAKE ==========ALL THE INITIAL PRODUCTION==========DURING TRADING HOURS, folks could sell on this info that is CLEARLY not from the RRR RNS which states JV at Bilbale & the licence is OWNED by RRR. Chief Geo, Dr Willem Smuts is hired by RRR or on assignment via the RRR contact. How is this happening if BanburyBOY posts on RRR projects, HAS NO SHARES IN RRR and clearly is giving what appears to be WHOLLY WRONG INFO? Why? Nothing is posted verbatim from RRR RNS but just ideas which is NOT checked? Appears rather not responsible. Yes. No? WHAT IF HELPFUL is not on this forum? I cant do all the work myself. My eyes are tired and I make mistake ie typos. Good gracious. PJ has just tweeted and he know the CYCLE VERY WELL and BOOM, BUST AND REPEAT by Casey Research is well understood by PJ ie historical years of boom in the mining and commodity cycle/s. DYOR. NIA.
Https://twitter.com/jczuleta/status/1775633750551859362?t=PXuV0tH8M4jL7U2XE60LaQ&s=19
DYOR
Chief Resident does not checking from the RRR RNS's and posts about RRR projects.
I checked the 2 RNS's relating to RRR Bilbale Gold Project and found it was a JV. Chief Resident does not check and said the other party will be taking ====ALL=== the INITIAL PRODUCTION? WOW!!!. Even off hand, one knows that RRR has the LICENCE at Bilbale Gold Project , Burkina Faso. Look at A. Bell, Chairman of RRR's C.V on RRR website in that he visited almost 1/2 of the African countries when he was an Analyst etc , hence why Bell has a lot of contact to get licences etc. If the JV partner could get the BILBALE LICENCE , why take RRR along when they could go it alone. Besides , Dr Willem Smuts , Chief Geo is via RRR. MY WORD!!!
Https://twitter.com/pauljohnson9691/status/1775636158111793459?t=0CbmHTyDLA4N62BVq6v04g&s=19
DYOR
RRR has done a JV in respect of the alluvial gold only. The hard rock is not part of the JV at this stage.
The alluvial area is substantial. My view (only my view) is that we have a lot of gold there. That operation is the first time I have seen artisanal/illegals drill wells and use ponds. Normally it is a lot more basic. They have spent money and saved us money and time.
Gold currently $2,299.75. likely our margin is around $1,600 an ounce.
DYOR
That is not what the RRR RNS states surely on Bukina Faso @BILBALE that is about to start gold operations. From the pictures, the illegal miners appear to be mining from looking at the pile to be sorted etc. There is a pond of water to use and water bore etc. If the illegal miners had a working operation and everything has been left, initial work can start. It is NOT correct that RRR has NO SHARE in the Bilbale gold operation, Burkina Faso given the LICENCE belongs to RRR surely.? Kindly check and NOT put out ideas without CHECKING RRR RNS's or that is how it appears to be portrayed by Banburyboy below?
My last post assumes a 100% RRR interest in FASO of course its probably only half that and as we contribute nothing the contractor probably takes any initial production. Helpful has really messed up and "5000 ounces will take no time " will enter RRR folklore. Comedy gold.
Https://www.rrrplc.com/investors/shareholder-information/broker-research/ First Equity, 19.1.23 [latest available].
All the information about Tin Hill , RRR Zimbabwe is there including all the projects and the value.
So, have a look instead of the Resident talking about as the reference point.
NON-INVESTORS ARE POSTING ON THIS FORUM:
They state themselves they have NO shares in RRR but they post day to night time and one goes, another comes on. The only people who have shares in RRR are me, Maidit308 and HO. Our view is that while we have shares in RRR we have to await news as norm. If cant wait etc, then free to go anytime. Yes. No. No one else said they were shareholders. Not sure about Robin as he may be a legacy holder?
5,000 should take no time !!!!
He means ounces.
The presentation has sensitivity of grammes per day ranging from 24 grammes to 768 grammes.
With 28 grammes to an ounce on the most optimistic of assumptions we produce 27 ounces a day which means 5000 takes six months.
The most pessimistic projection is 24 grammes a day so thirteen years.
A mid point for 5000 ounces is six years. In Hapless speak no time.
Hapless spouted the same rubbish on Tin Hill as many will remember. Worth £80m just run it through the first equity model.
And he accuses posters of making things up :)
You stated to APPEASE the NAYSAYERS, RRR must have a "LIQUIDITY EVENT."
How does that appease the naysayers here WHEN THEY ARE NOT SHAREHOLDERS and cannot benefit from a liquidity event eg sale of assets or DRC Award. How does it appease naysayers since they have NO SHARES IN RRR.
Isnt that obvious? As for SPEND -that is NOT WHAT I SAID. Any co eg GGP have gold projects. But they cannot just EXIT WITH A LIQUIDITY EVENT as and how they like. FOR A LIQUIDITY EVENT, SOMEONE MUST COME ALONG TO BUY the project and it is not just a few thousand of £ , but rather MILLIONS. ONE CANT JUST TALK OF "LIQUIDITY EVENT" just like that and if one cant wait, then one can decide what to do. Simple isnt it. EVERYONE KNOWS THAT ON ALL THE STOCK FORUMS. Co's must find buyers.
Your comments are nonsensical-
You state 'RRR can NOT benefit from liquidity event since they are not shareholders"
How does that appease the naysayers? Simply read and understand the nature of their complaints
1) DRC cash- RRR benefits by receiving cash
2) IPO of ELEP- RRR benefits by increased value and ability to sell shares
3) Gold production from Migori or Burkina Faso
ETC ETC
Using your approach RRR should continue to just buy assets and spend money