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"What is it with people who lost money that they think it makes them an expert?"
I don't think anybody thinks you are an expert Heplful.
TDT
Another expert.
What is it with people who lost money that they think it makes them an expert?
Why not try doing some reading and analysis?
AB has said twice now that we have a cobalt discovery at Luanshimba: why not do some volumetric calculations and some valuation modelling? I would be interested in what you think, lets say, 10k tonnes of cobalt at Luanshimba is worth in today's market? If we add in the possibility of copper deeper down, what would that add? Or maybe, you can give us your opinion on what you think the RRAL valuation will be at IPO?
Or maybe you have some insight on how it is going at Juno?
https://twitter.com/JunoMinerals/status/1420176175826042883?s=20
https://twitter.com/JunoMinerals/status/1414815087924158466?s=20
Or maybe you can update us on your thoughts on Elephant Oil Corporation?
Any insights or wisdom at all would be most welcome.
DYOR
"In the meantime, regardless of what the experts on here think,......"
Irony is lost on you Helpful.
TDT
Is it any wonder that some people lost money hand over fist? They hold themselves out as experts but understand nothing except that they want to promote a certain narrative.
In January 2021 FSV topped out at CAD4.364c and yesterday after the drilling update it closed at CAD1.133c.
Any good news on exploration in Victoria is generally good news for RRAL and RRR regardless of the share price of the company coming out with the good news.
Whether the FSV share price is up or down has no bearing on whether the drilling results yesterday were good news or not. It was definitely good news and no too far from one of our larger licenses. The more discoveries that are made in Victoria the better for RRAL and RRR: it proves up the hypothesis that there is undiscovered gold all over the place.
The TSX is a messy market, I have a large holding in one company listed on there. I can tell you that you unless you are going to get a really decent valuation premium you would not want to list there. Just everything about it is cumbersome.
In the meantime, regardless of what the experts on here think, that was good news yesterday for FSV and for RRAL/RRR. I look forward to the IPO.
DYOR
The amusing thing about yesterdays Andrew Bell proactive interview was that around the one minute point Bell was putting the boot into Fosterville saying they were over promoted last year and are a bad comparator to RRAL. Then he said he wanted RRAL to instead be compared to London listed ECR.
https://m.youtube.com/watch?v=9N-8j4aJEg4&feature=youtu.be
Then just a couple of hours after the interview Fosterville release a new upbeat RNS and Bell, Johnson and ramper Helpful all now want to associate RRAL with Fosterville once again. I guess it's the fickle world of ramping.
By the way around the 2 minute point doesn't Bell come across really shifty? I don't think he convinced Katie to invest her £25,000 in RRR.
https://twitter.com/pauljohnson9691/status/1424974735016931337?s=19
https://twitter.com/pauljohnson9691/status/1424744226655543301?s=19
https://twitter.com/TheMarketBullAU/status/1424705974435291137?s=19
https://twitter.com/RRR_RedRock/status/1424758913187123200?s=20
https://twitter.com/Fosterville_FSX/status/1424715312696602631?s=20
16.20 "any one of this projects coming to fruition could dwarf the current market cap"
POW current market cap is £25mil.
DYOR
https://audioboom.com/posts/7920755-alan-green-on-gfinity-power-metals-cvs-group
From 11.30.
RRAL from 15.30.
DYOR
AB have previously said he thought that RRR's stake in RRAL was worth £24mil at listing but valuations have come down since then but they have made a lot of progress on the ground. Whatever it ends up being, it will be more than the current market capitalisation of RRR.
RRAL will give a liquidity event but IMHO Luanshimba is worth a lot more. I will be surprised if in due course the NPV isn't more than than $70mil to RRR. And that would be just on the cobalt and without the copper that they think is lower down. The reason they think that the copper is lower is outlined in the link in one of my earlier posts.
Probably, two weeks to get the initial results back from the SA lab but in the meantime they are going to do more drilling and possibly drill deeper on some holes to see if they can confirm copper in the sulphides. RRR owns 80% of Luanshimba, it could easily end up being RRR's no 1 project.
https://www.lme.com/en-GB/Metals/Minor-metals/Cobalt#tabIndex=0
Spot $52,390, 15 mths $54,365.
DYOR
With regard to the proposed AIM listing of the Aussie licences I noticed Bell sees ECR Minerals with their £20m m/cap as a peer, if you actually look at the location of the RRR/POW licences they are closer to the nearby producing mine than ECR.
Even if Bell lacks the ability to promote you can be assured Paul Johnson will rub his magic on the prospects, this will translate into Red Rock.
I feel the floor is in here now, it looks a half decent entry point IMO.
Interview.
Clearly states cobalt discovery.
https://youtu.be/9N-8j4aJEg4
Couldn't be clearer.
https://twitter.com/RRR_RedRock/status/1424681243514376192?s=19
https://www.sciencedirect.com/science/article/pii/S2300396019301065
And will we get the Migori drilling RNS to make it a hat trick?
The RNS is effectively saying that we have cobalt. The hint is that they state that they have found heterogenite. Better to find cobalt than copper though likely both are there. It seems we might have cobalt at shallow depths and copper deeper.
https://www.mindat.org/min-1885.html
DYOR
AB cannot even check his RNS for accuracy before releasing it. From memory he has made this mistake before. He never ever learns from his mistakes.
https://twitter.com/pauljohnson9691/status/1424645355921104903?s=19
Talking about RRAL rns only said "possible listing". Plus if that listing happened they now want it to be in London.
Let's be brutally honest with someone with the awful reputation of Andrew Bell you would want his new listed company to be in a country that as never heard of him. That way you would probably get lots of naive investors investing in RRAL. However listing here most know of Andrews stinking reputation and so I reckon it wouldn't appeal to many.
Also Red Rock is not a sob story. Andrew isn't unlucky. Andrew builds up the hype and it almost always fizzles out to losses and disappointment for PIs. And I would say "sack him" but I'm not convinced he's built much here except huge debt and overhyped projects. So any new person would be left with an hopeless task.
As usual the commentary in today's RNS concerning the JV is far more positive from Paul Johnson at Power Metals, it appears the market has missed the statement concerning extensive gold mineralisation ......
'The Joint Venture's technical team have gathered extensive evidence of gold mineralisation including several high-tenor kilometre-scale anomalies along strike and to the south of the Ballarat Gold Mine'
Has Bell Boy been on the MCR sherry?
Has Bell Boy been on the MCR sherry?