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https://www.proactiveinvestors.com.au/companies/amp/news/939779?__twitter_impression=true
https://www.proactiveinvestors.com.au/companies/amp/news/939779?__twitter_impression=true
I could see your punchline a mile off Zumore, but very funny nevertheless.
If Andrew Bell does have important Red Rock business in Congo then I personally think he should travel. Then upon return the UK government officials will quickly whisk him off to his 1 star quarantine hotel; from what I've read he will get 3 square meals a day; every 2 or 3 days they will also let him out for 20 minutes exercise; though high security would watch over him to make sure he doesn't escape.
I don't see the problem after all he would still have his beloved twitter. Plus an additional bonus for him, it could be very good practice for his future.
so you stay in the hotel for 2 weeks but all the time incomers who may have covid. Seems fairly pointless. Being tagged at home would seem cheaper.
Looks like we are going to doing some drilling shortly.
https://twitter.com/RRR_RedRock/status/1354756116757032963?s=19
Following on from my last post I now suspect any vital face to face Red Rock business in Congo will now get delayed because stubborn Bell will refuse to stay in a quarantine hotel for 10 days on his return.
I see that those returning from Congo will have to stay in a government provided quarantine hotel for 10 days. Yesterday it was rumoured that Kenya would also be on the list but fortunately for Red Rock it didn't make the list.
Clearly present RRR chairman Andrew Bell will not be happy. From reading his twitter these past few months he refuses to wear a mask when entering a shop, he's also not having a vaccine. So being forced to stay in a government provided hotel for 10 days when he returns from Congo (I believe with security in the hotel's watching over them) clearly won't please him.
I see he's done a tweet on these quarantine hotels:
https://mobile.twitter.com/ABell2019/status/1354474175851802627
A chunky £12k buy there. At least chunky for RRR.
Copper price at $8k a tonne. 24/03/2020 it was $4,617 per tonnne. Looks like copper is heading to $9k per tonne. Those DRC licenses have to be looking pretty good to third parties.
For anyone looking to do a deal in Australia, Kenya or DRC it would be better value to just bid for RRR. Sooner or later someone is going to turn up with their cheque book out.
DYOR
The Uk government advising its citizens not to book a summer holiday. This will kill of the Air line Business and with it the demand for engines.
https://www.investegate.co.uk/power-metal--pow-/rns/haneti-nickel-pgm-project---drilling-update/202101261300019430M/?utm_content=bufferd6ec3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
25mil shares and 20mil warrants.
DYOR
As always, and as someone who has been here for a while. The promise of news news and news just drifts further and longer and YET AGAIN - Bell has missed his opportunity in the strongest bull market in history. It’s embarrassing at this point. When I held 4.5% of this company I wanted a change of management. I still hold a decent % so this is impartial. Incapable of cementing any cohesive deal and then likely a trickle of weak news when the market is weak will do very little and be described as ‘prevailing market conditions were against us’. In the wider market I now see an overshoot personally which is why I bought a lot of VILX. I see that as the best trade here
https://twitter.com/StockBoxMedia/status/1353721329455747073?s=20
To add one extra to the Kenyan news possibilities. The 31 December 2020 final results RNS said:
"On 21 December 2020 the Company agreed to restructure payments due to Kansai Mining following renewal of the Company's exploration licenses held over the Migori Gold Project in Kenya.
Of the US$2.5m cash payment due under the original agreement executed on 15 June 2018 within three months of license renewal, the Company agreed to pay $1m in cash immediately, US$0.5 million of which was paid on 24 December 2020, with a further $1.5m to be paid in cash or stock at Kansai's discretion, by 29 January 2021. Any shares issued under this second payment were to be priced at the closing price of the Company's shares on the date of issue"
Likely
1. JORC updated by CSA
2. MOU signed on tailings
3. Mining application reactivated on tailings
4. Exploration programme agreed.
Take your pick. I think certainly the JORC update and probably the exploration programme restarted.
DYOR
What do we realistically expect the Kenya news to be? Positive news here (like last week) continues to be ignored by the market, and that’s solely down to management in my opinion. I’ve been here for a while, but increasingly it seems that nothing is going to crystallise the value of RRRs assets with flip-floppy management. Would love to be proven wrong - what what news could possibly move this? Heard imminent news now for 1 year.
Expected this week! GLA
https://twitter.com/DavidLenigas/status/1352936379441942528?s=19
Interview..
https://twitter.com/StockBoxMedia/status/1352607998091390976?s=20
25mil POW shares and 20mil POW warrants.
DYOR
Kansai are based in London not Kenya.
Is he in Kenya to work with the exploration team or to beg Kansai to take shares in lieu of payment because there is no way the comany can come up with the cash due next week?
https://twitter.com/StockBoxMedia/status/1352556405832597504?s=19
Sounds like a Kenya update early next week.
DYOR
Well from RRR's point of view that reads pretty well.
It looks like there is a chance that there are Haematite fines at Mt Ida (Juno is going to test for them). Assuming that there is Juno will make a decision to mine and that will trigger the first of the $4mil payments due on RRR's royalty. The second $4mil is due when mining commences: Juno intends to be in production within two years.
That is a material difference to what we understood to be RRR's position. It would mean ealier payment on the $8mil, an earlier start to royalty payments and greater royalty payments.
Well done to AB on this one. I know that he was key in pushing this through.
DYOR
If production is able to commence at the Mt Mason DSO Hematite Project, it is proposed that
exploration and development work on targeting DSO would be undertaken to potentially
increase the DSO hematite resources on the CYIP tenements, which may increase potential
Project mine life.
During the period between 2007 and 2012, when Jupiter undertook exploration and conducted
a feasibility study, minimal exploration was conducted for further DSO mineralisation and the
potential for beneficiation of transitional zones at Mt Ida to produce a fines DSO product was
not investigated