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Hey we all make mistakes, I have made loads over the years.
We should do very well here in due course. I am already well in the money but I mean serious money. His latest interview gives a clearer idea of where he is up with the JORC resource at Migori and at Musonoi. It is also the first time he has put a number on what RRAL might be worth to RRR.
He just to put one of his balls in the back of the net and we will all be happy. On RRAL the ball is bouncing around on the goal line and just needs edging over. Migori and Musonoi are not far behind.
DYOR
You are quite right Mr Beckers, a rising tide lifts all boats and we are in a metals/commodities super cycle. I have been saying this for some time but the trolls wouldn't have it.
RRR is still well undervalued, partly because of AB and partly because of complexity. It will come through in due course.
DYOR
Helpful.............. mabye you are correct wrt AB and RRR.............but new PI'S DONT CARE as long as they are in the black wrt SP. But all along he has been factually correct for 10=12 years. It's only recently that AB's luck has changed. But then again all his grand ideas , Migori partner, Queensland gold etc. will come to naught. AB has been devious ..............
No sign of our favourite troll. Has he given up the ghost after 11/12 years of trolling RRR and AB?
Maybe he realises good news is imminent?
DYOR
https://twitter.com/StockBoxMedia/status/1346742230296514563?s=19
Ok I'll do it on here.
(1). No Red Rock do not pay a dividend.
(2). And no Red Rock do not pay a dividend to POW.
You being a twitter member should do a good deed and give some of those twitter users the correct information.
One twitter user asked: "Doesn't Red Rock pay a dividend?"
Another twitterer replied: "Red rock pay a div to POW which means cash flow for POW and less requirement to seek funding from further share issuance. Therefore little/no dilution"
https://twitter.com/Gulag_CP/status/1346534820747337728?s=19
The penny is beginning to drop.
DYOR
It appears with this loan facility PIs only get updates in the final results RNS.
In the 2019 final results RNS it said it was a $1 million loan facility and it had been drawn down by $200,000. However the recent final results RNS said on 6 November 2020 the loan facility had been amended to a $2 million loan facility and $1.4 million had been drawn down.
So I doubt any further updates will occur. So we should assume that the remaining $600,000 will soon be drawn down.
Final results RNS repayments will begin in June 2021 for a 6 month period. So if the $2 million is fully drawn down + including the interest, that would mean come June repayments will be probably over $350,000 a month.
the most diluted share in the history of any stock market ever, anywhere
"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"
"After the year-end, On 6 November 2020, RRR Coal Ltd, a company 100% owned by Red Rock Resources Plc, extended and amended its standby Loan Facility with a maximum drawdown amount of US$2.0 million. The maximum amount drawn down and refinanced under this facility has been US$1.4 million, leaving a balance of US$0.600 million available for drawdown. As security for any funds drawn down, RRR Coal Ltd has agreed to maintaining a value of all the shares in pledged to be equal to one time the amount outstanding on the loan facility as calculated by the value weighted average price for the proceeding five days prior. At the time of completion 6,302,000 shares of Jupiter Mines Ltd and 20,000,000 shares of Power Metal Resources Plc were pledged to the noteholders and a Corporate Guarantee was also executed"
Later on in the RNS are the payment terms:
"The notes carry an interest rate of 10% and come with a 7.5% implementation fee and are repayable over a six-month period starting in June 2021"
Share price seems to be gathering momentum now.
RRR holding in POW now well over £1.2mil.
Eventually everything times out: sooner or later those first three Victoria licenses get issued and then it gets interesting.
Hi Helpful
Totally agree. Already 8K in profit but not selling yet. And this is second time for me to be in profit. Easily 2/3p I can see here as long as you bin moaners and carry on. GLA
It should be more than 3.5p now.
Charts for daily (although a small dip could occur) and weekly are both indicating a stonking buy :)
- A listing will double this
- A partner for Kenya
- A mining licence for Kenya
- Sale or JV for anything in DRC
- A JORC for DRC
- An upscale JORC for Kenya
- Power metals whose CEO is exquisite (and something AB could learn from) informs the market virtually every day and takes a modest pay check - and purchases shares on the open market.
- A spin off for Iron Ore
If it doesn't reach 3.5p by end of year, I'll eat my Terry's Orange chocolate for sure
Except you are wrong, just as you were when you sold at around 0.4p thinking it was going to do down.
Only some of the POW shares and none of the warrants are pledged and only some of the JMS shares are pledged.
Wrong again..
AB is unable to sell only a proportion of POW and JMS stock as it is being used as security for loans taken out with Global etc.
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ref. Final report.
Let's hope that any sales of POW shares are covered by an RNS.
Both feet over 3.00p now. 3.099p on a buy.
RRR holding now worth just over £1.15mil.
https://twitter.com/sicapital/status/1345999908814389248?s=20
I can see the holding being worth decent money pretty soon.
DYOR
He wouldn't see a placing as an issue.
The "unusual" visitors can only be Musonoi and Glencore; IMHO. Migori is not next to anything for a neighbouring African businessman to tell him anything. The other DRC assets are not advanced enough.
The new license is not awarded yet and Adidi Kanga is not our asset.
He obviously thinks something is moving on RRAL.
DYOR
Don't quite know what to make of Bell's address.................... Clearly an attempt to buoy shareholders with Jam ahead but wonder if Bell is shoring RRR sp up ahead of placement i.e. difficulties ahead. I would love to know what a behavioral psychologist would have made of that video but I guess time will tell.............
https://twitter.com/RRR_RedRock/status/1345908163434872832?s=19
Interesting, a little cryptic.