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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.?
Desperate tweet IMO . . . .lol
Gold $2,260 having touched $2,260.A very good time to start producing gold.
DYOR
Https://twitter.com/jczuleta/status/1775095874877538717?t=c0IpsR9QPheAIrpbaI6gxg&s=19
Looking better.
DYOR
Https://twitter.com/RRR_RedRock/status/1775090173362999425?t=yNisa6PJ1QGU1PDGwNhjbQ&s=19
I got a copy of this message last night: Willem thinks we have a lorra, lorra gold.
The question now is; the illegals were onsite using this kit and were producing, does this mean we now own the kit and can immediately resume production for our benefit?
That pond looks fairly small but any production is better than none. Maybe the illegals have done us a favour?
DYOR
Pictures shown of Pond [as is necessary for gold operation], Geologists [plural], Military Camp Gendarmerie protection etc and TEST STAGE [short video] plus Gold comment. [4 pics inc short video, comments etc].
https://twitter.com/RRR_RedRock Tues, 2 Apr 2024.
---------------ON TIME PER GUIDANCE?---BILBALE, BURKINA FASO.-------------
Throwing shade at RRR by pointing out others can get deals done but not RRR?
clever bashing
Let's hope it's a proper release verified by the Nomad as opposed to this Reach stuff.
RRR seemed to have cottoned onto Reach when Lenigas was announced as consultant. I don't think this type of release does them any favours. But my opinion only.
FKN hell, how quick was that before a name change troll find a negative to an higher offer, LOL!! where do they come from????
Yep, both sets of shareholders are being ripped off but for completely different reasons!
Increased its offer to 14.85p per share from 13.5p as the gold price has risen to record highs.
our time will come, and I don't think it will be too far away..
thanks HP'
ATB
Morning all, still no update on DRC I see ?? Quell surprise
Https://www.proactiveinvestors.co.uk/companies/news/1044336/shanta-gold-takeover-offer-gets-approval-from-kenya-1044336.html?viewSource=TwitterUK
Interesting!
DYOR