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You have to admire, Teflon AB, for fleecing another generation of PI's. We have had so many "positive" projects eg. El Limon/ Kenya Migori/Mcalder tailings/Greenland/s.creek/Steelmin etc. Just Kenya and Greenland cost over £20m, via share dilution leading to a 1:25 consolidation. Selling JMS shares from over 4% to ca. 0.6 now. Topay back 12% interest loans.
Today's RNS is very positive, but guess who is going to pay for drilling program and subsequent analysis of drill cores. More dilution. Oh yes the RNS mentioned under "further details" a licence to explore in the area that hosts Kilimapesa Gold treatment plant. But this is also a gold mine where the Kenya Gov. charges corporation tax of 30% . Politics cost RRR dear last time as they wouldn't renew RRR 's licenses. It took 6 years and multi court apps to get them back.
What a W a n k e r
With the Drilling Contract Awarded at Mikei Gold Project in Kenya announced today and the reverse circulation (RC) drill programme has begun yesterday to take the first step towards delineating a resource on the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo.
We took the opportunity to speak with Andrew to get his take on both announcements which look very positive for the company moving forward. https://tinyurl.com/22jttddf
https://twitter.com/*************/status/1410215425623957504?s=20
Glad to see you, my favourite troll.
You can troll me as much as you like on here, if it means the next day that RRR comes out with news and is 10% up.
Anyway, feel free to make a fool of yourself.
In the meantime, I am making money.
https://acronyms.thefreedictionary.com/FOOP
xx
DYOR
You over here today foop
https://www.mining.com/charts-chinas-overseas-copper-mining-scramble/
https://twitter.com/StockBoxMedia/status/1410175076930965511?s=19
Good news starting to come in.
RRAL I should think is next. Update on exploration, permitting, the IPO and any pre-IPO.
Juno has to do quarterly reports and so we should find out soon where they are up to with Mt Mason, the extra permits and the extra exploration.
DYOR
https://www.proactiveinvestors.com.au/companies/news/910670/kalamazoo-resources-shares-up-30-as-novo-resources-and-eric-sprott-become-major-investors-910670.html
Mr Sprott has decided his chequebook has too many cheques in it.
DYOR
Expecting news here imminently..
https://twitter.com/andrew_neal7/status/1409480496950743042?s=20
DYOR
They are not mining they are test drilling.
It is quite clear that RRR thinks that they have something material at Luanshimba but until the test results are back they don't know and no one else does either.
If the results come back okay and we have something material, I expect RRR to bring in a partner to help develop the asset. I doubt that RRR will be the actual operator on the ground.
I could tell you a lot about the background to the coal deal at RGM but I won't.
DYOR
https://twitter.com/StockBoxMedia/status/1409829043852042246?s=20
Interview.
Rather reminiscent of a certain coal mine where a highwaller was on site. "If this works out" ???? Oh dear.
Expected but welcome news.
Fingers crossed. If this works out Luanshimba will be a good asset.
DYOR
Well that is a new insult: I don't recall being called a foop before.
Not pumping matey, analysis. It may surprise you but sometimes on these boards I pick up useful information. Mainly, though it is countering trolls who have an agenda against the companies concerned and/or the management. Same thing here, a bunch of trolls who ignore the current assets and only to **** off the management because they invested 10/11 years ago and got it wrong. Sound familiar?
Both here and NTOG I have made money and will make a lot more. I do have to tell you that I have made more money on NTOG than you have lost; which is saying something.
xx
DYOR
You must have a fulltime job pumping other boards and pumping up your other ramping buddies you foop
Ah, a little sojourn in between your frequent suspensions for being naughty.
How long will it be this time?
I see this board also has mr UNHELPFUL over here ****ing people off
Sadly , he does the same over on the NTOG board. The guy is full of dung
https://twitter.com/pauljohnson9691/status/1408321263001554944?s=19
Whatever you have lost on this share is gone, but if you are holding on because of the metals boom, there are still great investments with better run companies to be had.
About 9 months ago I decided to take my losses and sold my RRR shares at around 90p. I bought Central Asia Metals who also have a strong focus on copper and have to date made about 40% capital gain and another 10% in dividends. Their shares have recently fallen a bit because JP Morgan sold a whole bunch, and there’s an opportunity to buy.
https://twitter.com/TereaAfrica007/status/1407649378513391624?s=20
Have you heard of COVID? It slows things down a bit. Victoria keeps going into Lockdowns and moving stuff across borders in Africa can be an issue,
One good thing that of course goes over peoples' heads: is Juno calling for tenders for kit. It means that they are getting on with Mt Mason. The cashflow from Mt Mason is intended to fund bringing the Mt Ida magnetite project into production. Re the Mt Mason project, Juno wants to inprove the resource and the life of the mine. I think we will get news re Mt Bevan and the isolation zone to the north soon and news on exploration in the intermediate zone of hematite extending into the Mt Ida tenements. The former increases the resource and the life of the mine by a substantial amount and the hematite exploration should trigger our royalty payments from Anglo Pacific. Juno needs the action so that it gets a better valuation, which it will do if it shows that the life of the Mt Mason project is more than ten years.
DYOR
Where’s all the imminent news Helpful? Been waiting over 6 months now....news that will add value of course.....
https://twitter.com/SomaGoldCorp/status/1405484143136460804?s=20