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So as Glencore were preparing to pay $430m for Musonoi, this is what of our non-shareholder experts posted...
TheDuKe
Posts: 676
Price: 0.50
No Opinion
RE: RNS7 Aug 2019 07:35
No tweet of you Helpful regarding the Glencore cobalt and copper mine in DRC -
Just to let you know Glencore is halting its production at the Miranda mine in Congo at the end of the year and placed on care and maintenance due to the mine not being economically viable !! Please answer this - If Glencores mine which is already up and running is viable, do you really think someone is going to buy RRR’s project ?? Hahahah another complete mess up by Andrew Bell and Scott Kaintz - Aleta see how they try an polish this one ! Oubliette anyone ????????
DYOR
Helpfuls post from Willem was dated 2nd April and was the first impression of our team following first days on site. [ that's what is says]
The 27th Feb RNS says our team was going first week in March.
So those two facts are absolutely contradictory. A month is unexplained.
As ever Helpful is letting the cat out of the bag.
Too many unanswered questions and the context f**King gold everywhere is hardly what you would expect of a senior official.
Helpful - illegals we're great at mining Tin Hill. You said they even built us a road. ALR produced nothing. Illegals a lot.
Perhaps the same in FASO illegals are good at what they do.
RRR is unfortunately very poor at everything we do.
NB it could be that some gold is still "fixed". The processing will recover most of the free gold. At a later date, they would test the stockpile to see if it still contains gold: if it does then it would need to be crushed and reprocessed.
DYOR
Https://www.aptprocessing.com/miningnews/2020/4/28/evaluating-an-alluvial-gold-deposit-mining-faqs
DYOR
I'm loving the comment from people on the ground'' "Gold, gold, gold f***ing everywhere". LOL!! we are goner blow''
and as i said before the SP will catch up'' shortly just need 1 bit of good news in this regards from AB to fix it
just a little bit more patient I should imagine..
When I read what AB writes I often think of jam tomorrow. So I think we will get the DRC award tomorrow.
Ill vote no DRC award before a fund raising.
Since everyone on this RRR forum is interested in RRR DRC Award Arbitration of US$10m and on Twitter, I will do a POLL so that in the future, we can refer rather than I said that, I meant this etc LoL:
Poll : Will RRR OBTAIN THE US$10M AWARD ARBITRATION FROM THE BUYER? 2.4.2.24 Poll:
[1] News [me}: The probability is YES but qualified as 51% ranked. Why? If Mr Bell, Chairman tweeted that guidance has not changed dated 28.3.24 and the RRR RNS , 28 Mar 2024 [!1/2 year report /accounts] did NOT MENTION the award etc has FAILED , then it is still on? That's my understanding of what I read.
So, over to the other resident, etc.
WILLEM was mentioned on this forum re: RRR Bilbale, Burkina Faso gold TEST operation dated 2.4.24.
From FT: RRR RNS, 11 Dec 2023, it mentioned "----------DR WILLEM SMUTS.---Geologist to RRR.
Linkedin cites Dr Smuts as the Principal-Director of Exploration & Mining, Chief Geo of WSJ Consult, Harare, Zim.
Looks like Delboy Bell is going large on gold assisted by Helpful Rodney.
It's worth $tens millions Del! What a couple of plonkers!
All distraction. Where's the DRC RNS???? Can't wait to hear the latest excuse... 👀
Richy on filter. Had enough of the stupidity.
News, I don't mean BF is worth a lot in capital terms but in production and sale of gold terms. No way would RRR get a sale price anywhere near what the value of the distributed income would be.
Refer to spreadsheet in the recent BF presentation. At a grade of 2/2.5 g/t it is a lot of money.
DYOR
DYOR
Helpful, can you please let AB know the latest trend is granny trollies. Tell him to have a look on TikTok and tell him TDHOR, Chanel, Zara etc rolling (excuse the pun) out lots of new designs for Gen Z buyers.
Maybe he could speak to his Chinese contacts and get a good deal on manufacturing and production and have them launched by the end of next week to stay on trend!?
DYOR!!
Why not take the number of shares in issue at the time and divide that into $430m? That was what it was worth to the share price.
No one is as dumb as you make out.
DYOR
SP at the time ????
As I said plonker. As you were assuring everyone that no one was interested in Musonoi and no one was going to buy it, Glencore was buying it for $430m.
DYOR
How much higher does the Lithium price has to go up in order for RRR to break even on its purchase of ore?
I did an ANALYSIS of RRR share price OVER 5 years since the Resident on this forum said he was on this forum for 5 year.
He alluded to the fact that he saved folks a "fortune". But the RRR SHARE CHART OVER 5 YEARS FOR RRR does not show so. It went up 600% ++ from 0.17p to 1.2p. F A C T . Please refer to my post last night. Tues, 2 Apr 2024.
RRR Burkina Faso: In terms of industry news and of the conversation on this forum re:"tens of millions", Colin Bird recently sold their gold operation @Manica in Mozambique for $15m dated 24 Jan 2024 BEFORE the gold price shot up. In the past, the offer was for $20m but Bird wanted the operational income rather than sale initially so perhaps the difference may or could be a re-cal of the drawdown etc.
Relevance to RRR Burkina Faso: Gold open pit TEST operation started with European Geologist on site. I say European as the name is Willem I think. In English, it is William but Dutch is Willem? So, gold operations, depending on volume, grade etc can be of monetary $$$? Just a general reference as it is being ....discussed about Africa gold in general and in particular. DYOR. NIA.
Currently, "GOLD" is trending on Twitter under Business Section.
If you do go back and re post my posts - Could you also state what the RRR SP was at the time of such post please ? Whether I was right or wrong showing the SP at the time of the posts would show that people were better off not investing than investing at that time ! wahahahah
Why aint you mopping these up then helpful ? If i was as confident as you, and truly believed BF was worth tens of millions to RRR, I would be buying everything available at these prices. Sadly I do not believe BF is worth 10`s of millions to RRR, hence I aint buying and see it as a desperate tweet.
Good luck tho !
Tens of millions . . lolololololololol
Why not make it billions - SP speaks for itself Rodney,
Listen you plonker. Do you need me to repost your tweet from 2019 stating no one was interested in Musonoi and no one was going to buy it? Or the ones from 2020 stating RRR would never get its Kenya licences restored?
Burkina Faso is worth $tens millions to RRR. The illegals have helped shorten the timescale to going into production. Likely we will hear more later. Obvs the guys don't have the best communication out there. I don't think RRR HQ knows exactly what kit the illegals left behind.
DYOR
Tweet: "A general lithium RALLY took place today in the CHINESE MARKET s p o t market."-5 hrs ago, Tues, 2 Apr 2024.
https://twitter.com/jczuleta/status/1775022227412459680 [By Lithium Economic Analyst]
Relevance to RRR Zimbabwe Lithium : Refer to latest RRR RNS, Thur 28 Mar 2024 ["1/2 yr report (a/c's). Zimbabwe lithium buyers are Chinese in general and in particular inc. operators etc.?