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And there are the late reported trades Tragic.
https://twitter.com/zerohedge/status/1286649833340706818?s=20
And up again..
See how it works Tragic?
It looks like there is no stock with the MMs. So, it looks we might finish up at 0.47p on the offer.
DYOR
And as if by magic Tragic up we go. It is called looking at facts and making a judgement call.
CFEP have moved onto the bid and narrowed the spread, ie., they want stock. The spread is currently quoted at 5% but the actual spread is less. It looks to me that there will be a late reported buy or they are filling a buy order or attempting to do so. It also looks like we will be going a bit higher.
Anyway Tragic, DYOR
https://goldprice.org/
currently $1,895
DYOR
Still trying to manipulate the price I see!
Unlike you, I don't need to speculate about PG: I know him and we have discussed RRR in the past.
Yes some sales have gone through north of 0.4p and the price hasn't dropped. The L2 is 1 v 2 and solid. What does that tell you genius? To anyone rational and/or who understands investments, it means that the MMs are happy to take the sells either because they think the price is going up or they have a background order.
Trying looking at the 3 month chart genius.
DYOR
Large round sells appearing again. A few 250,000's and a 500,000 plus yesterday a 1.3m sell and a 2.5m later on for £10k
One presumes this is the former 13% holder Peter Gyllenhammar continuing to dump his shares.
What does he know???
Since he dropped below 3% on the 10th July he no longer needs to issue holdings RNSs so we can only speculate that it is him continuing to get rid of his remaining shares here. I wonder how he feels about Bell and the rest of the BOD.
He clearly imo doesn't believe the jam tomorrow rhetoric posted here ! What is it they say? Follow the money?
DYOR
A review of the POW assets: comments on Victoria and the road to monetisation.
https://twitter.com/Gulag_CP/status/1286602485021450240?s=20
DYOR
https://twitter.com/Northst18363337/status/1286369833102323712?s=19
Are you paid by Red Rock Resources to promote them?
Good luck. I can't comment on any conversation between you and AB. You must understand that he cannot give you price sensitive information ahead of anyone else unless you are inside. If you do have price sensitive information then you can't trade.
I have lots of information on lots of companies all the time and can't trade. I also have confidential information that it is not proper to divulge.
RRR and AB have been operating in a down market since 2012; he hasn't got everything right and I have pointed it out to him.
DYOR
https://twitter.com/TNR_Gold/status/1286206078242492416?s=19
Things looking good over at POW. Our shares and warrants will be worth a decent amount soon.
DYOR
https://www.kitco.com/news/video/show/Kitco-NEWS/2903/2020-07-22/Falling-US-dollar-to-drive-gold-price-to-$2000---Bannockburn-Global-Forex#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS
The continual BS about the El Limon royalty gets so very old and only the unscrupulous persist in trying to pump that angle and make a deal of it. No-one here will ever see the full $3m recouped in their lifetime imho and neither will Bell.
This hasn't stopped Bell constantly putting pithy fantasy statements in each Annual Report. This is what has been posted year on year:
Annual Report 2016 - "The Company estimates that approximately £360k will be paid out towards the initial $1m royalty during 2017"
Annual Report 2017 - "The Company estimates that approximately £400k will be paid out towards the initial USD2m royalty during 2018 based on updated projections from the operator in Colombia"
Annual Report 2018 - "The Company estimates that approximately £150k will be paid out towards the initial USD2m royalty during 2019 based on updated projections from the operator in Colombia"
Annual Report 2019 - "The Company estimates that approximately US$250k will be paid out towards the US$2m royalty during the next four quarters based on the most recent projections from the operator in Colombia."
But the most recent 2020 Presentation highlights the actual paltry estimates which are:
2018 - $45,000
2019 - c$40,000
It really is utterly laughable. Anyone who believes Helpful's pathetic ramping here thoroughly deserves to lose their money imo. I have no sympathies with such people. Helpful has his money locked in here with many of the £1m+ outstanding Convertible Loan Notes which have had to be rolled over for 3 consecutive years now. Do your research and do it well, it really isn't difficult.
All the salient information is in the Annual Reports which show that between 2012 and 2019 the company posted losses totalling approx. £40m and raised over £16m cash from placings and the like and spent over £12m just on Admin and other expenses. Clear where the money goes and why there is no shareholder value.
It's a total avoid for me for that reason. The company is a complete joke imho and the BOD simply have to go.
DYOR
https://twitter.com/RRR_RedRock/status/1285963581146763264?s=20
Yawn! Woulda, shoulda, coulda.
Not relevant.
What are the assets now? What are they worth now? What is the income now? What is the expenditure now? Is the value of the assets going up or down? Is the income going up or down?
RRR has exposure to gold, copper, cobalt, manganese, iron, nickel etc. At the moment, things are going well. We just need the final confirmation on Migori and we have lift off.
DYOR
Here's a thought for the day, around 10 years ago RRR held almost 30% of Jupiter mines vice the
current around 2%
How much would RRR be worth now if Andrew had sat on his hands, did zero rainbow chasing
and still held all the Jupiter shares
How many zero's would be removed from share total in issue taking into account not just the
dilution but the share consolidations on the way
back then we and sister company RGM roared to 14p and 12p factor in the dilutions and the
consolidations that would now be several quid a share
The only man who has been able to keep up with this quality of performance on the AIM
market is George Roach at Prem many more assets and an sp 0.08
Not in interested in Ancient History: I am interested in the assets as they are now, what they worth and what income they are producing.
And Dukey, how come you don't want to discuss how much this is worth to Red Rock Resources?
As I said a few weeks back: things are going in Red Rock's favour: it may or may not continue but at the moment things are looking very good.
DYOR
Shame the Russian millions for the Greenland asset also vanished into the ether after the
Cyprus banking crisis never to be heard of again shocking us all once more with another
prudent death spiral placing
what where we then was it 1.2p or 1.3p lol
King of the convenient dog ate my homework excuses is Andrew
The buyers funds are unfortunately locked in a Cyprus bank at this time
what a classic
I meant Christmas 2014.
Pity no edit function on lse.
And Dukey, I know you don't read but...
https://www.rrrplc.com/wp-content/uploads/2020/07/2020.07_RRR_Investor_Presentation.pdf
Page 5 of the presentation that came out this week....
And from Soma Gold (formerly Para Resources) this is their update
https://www.somagoldcorp.com/projects
In the first quarter of 2019 plant through-put averaged 43 tpd, averaging 3.6 g/t. In 3Q19 plant through-put averaged 36.82 tpd and the gold grade was averaging 3.6 grams per ton.
"The company’s expectation is to increase both feed quantity and grade through development at the El Limon Mine and 3rd party miners reaching 112 tpd average of 6 g/t by the first semester of 2021."
Note that RRR is not on a profit share: it is on a royalty. All that matters to RRR is production and the gold price. But you are so right, this reading up on stuff before shouting one's mouth off is over-rated.
PS in case you are not inclined to do calculations at current prices that translates into about $40k pm.
DYOR
Hey Dukey,
again do some reading.
RRR didn't have Migori for years before doing anything. RRR farmed into Mid Migori Mining Ltd from Kansai. RRR improved its percentage by doing work quickly. Kansai had it for years and did nothing but the price of gold was much lower.
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/acquisition-of-further-migori/200912030700065065D/
RRR very quickly proved up the JORC on the tailings, 60k ounces, and then the 1.2mil ounces in the hard rock. Migori was in the books at £5mil + when RRR had only 75%: it now has 100%.
At the time that RRR rang into legals it was starting work intended to bring the JORC up to 2mil ounces. So when you say, "did nothing" you might want to revise it.
Anyway, we will see in due course, won't we? If you care to look at the three month chart you will see that RRR has moved up a fair bit: in my view, well below fair value but going in the right direction.
DYOR