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News, the only restrictions on alluvial production is the physicality of feeding the pay dirt in. Putting enough kit in parallel to process the feed is not a big deal. You might need a bigger pond but so what? What you need is a proper operational plan to manage the feed. It can be done mathematically, it is called transport theory.
The restrictions are not the same as with an underground mine.
As usual we are dealing with people of limited intellect who know nothing whilst insisting they know everything. 250 tph wash plants are on the internet for $50k: what is the big deal? RRR has posted on Twitter that the throughput on the initial kit being installed is over 1,000 tph. RRR is only allowed semi-mechanised production: fully mechanised requires a production permit. Once the permit is in place then fully mechanised production will start.
DYOR
Https://twitter.com/BrianKuszmar/status/1786436246690045976?t=KKMyR-I8nn_YkM_mhqKtuA&s=19
DYOR
I'm expecting sub 0.05 within one month.
I recall someone on this forum said that Share Pickers had ended his podcast on junior miners. LoL, today, 3 hrs ago, Share Pickers did a podcast with John Meyer, Partner of SP Angel on junior explorers. Justin Waite must have realised that the commodity prices have picked up and the title of the podcast was :"Copper in Deficit." To listen, go to Twitter, Share Pickers.
CEO of Cadence: One person contacted the CEO to ask about the sp and funding. CEO said that there has been a downturn in this sector ie junior explorers and "THERE HAVE BEEN NO EXCEPTIONS." Also , the CEO explained about the discounted placings which is common to junior explorers.
So, thought folks might like to know since not only the charts show junior explorers losing 90% but now CEO is giving the official reply. This means that it would be difficult to say, it was not so. Factual now. So, folks should have stayed out in restrospect. Fri, 3.5.24.
Ref: @15:05pm, Fri, 3.5.24. I decided to have a quick look at 1,100 tonnes per hr . Here is the link: https:;maconindustries.com/mining_machinery/sd-600 The last two show the T-600 gold wash can do 300-400 TONNES PER HR AND the T-700 can do 300-450 TONNES PER HR. I even saw some Chinese gold wash plants with a short video. I will try to look for it again. So, apparently, the machinery is out OUT TO BUY and lots of it. So, 2 plants can certainly do 1,100 tonnes an hour? Yes, No? Thought I would check and educate myself. Yes, folks, what Helpful said is correct per theory.
Nike, no need to defend me. They are just tedious in the extreme. They know everything and yet nothing at the same time.
So sad that they have nothing better to do in their lives than make up stuff about a company they are not invested in.
Anyway, as I said a while back (just for the trolls this one) RRR is in a good place. It still is in a good place.
As to not being on here, some of us have other stuff to deal with.
DYOR
If people are of means and wish to, they can take part in exclusive placings - News outlined how that can be done. Just holding a convertible loan note or a significant minority stake in another company doesn't make him an insider when discussing RRR in my opinion nor does chatting to that company's boss. I think he has only made general comments here and some illustrative comments in general contexts down the line of time, the stuff that hasn't happened in the recent short term by contrast suggests to me comments made without privileged information.
The pile on against said person suggests an intolerance for someone known to be a consistent strongly positive poster on this forum.
If there is positive development within the next few months maybe attitudes will relax a little.
Have a good weekend...
“You know Helpful is an insider - buys placings, he's never lost on RRR shares, owns CLNs, owns 10% of ALR is in constant contact with AB.”
Banburyboy, the only bit of that that’s true, IMO, is the last bit.
TDT
... was replying to specinvestor99...
RRR were being specific regarding the next few steps and I would expect such standards.
If someone was posting about 40 plants within six-twelve months they would probably be laughed at. Four plants on a scale up a few months later with an illustration of what may be possible is an investor showing his enthusiasm in my opinion and he was not bound by the same time frame / projection as to what the company was discussing.
Personally, am not strong enough on the maths and knowledge of what's all involved, to know whether potential figures - if they were on the basis of four wash plants and some scaled up works were within a realistic range.
It would be nice to see a little bit of production and the beginnings of cash for product- if that could be achieved and I think you were hopeful for June - if something positive could be achieved within the next few months - perceived sentiment won't be proclaimed by some as so relevant to one person's comments and a few critic's reactions or if it was, it would have even less weight in my opinion.
Have a good weekend...
Targeted criticism aside, thanks for your general comment Banburyboy. We can civilly disagree over specifics and from different perspectives.
Have a good weekend...
Nike you mentioned Helpful's production est based on 4 plants. However that is completely made up. RRR said One plant (unknown size) was being brought in. Of course more can be brought in -why stop at 4? why not 40?
its complete BS which hurts RRR
Nike he's conflicted and has a moral and ethical duty not to post at all.
We're his name News or Maidit no one would give a fig.
I can't see any mitigation. Best we agree to disagree. I've spend 20 years as a NED albeit in the public sector but this one is cut and dried IMO.
Enjoy your weekend.
Deliberately confidant... not sure the same as deliberately deceitful.
Potentially possible and future facts are all subject to revision when a moment in time meets a point of reality.
The reader... presumably knows why they post a comment, what they're think of at that time... so I'll leave it up to a poster to know his own intent.
Nike
Helpful has the following form
1 1 -5million tonnes from Tin Hill.
2 - costs of FASO $350 -$500 per ounce
3 - throughput 1,100 tonnes per hour
4 - FASO production mid April this week or next.
Sorry these are not mishaps but a continued pattern of deliberate deceit.
Each to his own and yes enjoy your weekend
Specinvestor99, I'm going to set the "white gold" aside which the company may havev done for storage purposes.
Regarding the gold Helpful was talking about, I think it was on the basis of four wash plants and multiple work areas - so a bigger scale but other people than me would be better at assessing the numbers and mechanics of that.
To be fair, there has been at least one occasion, probably a couple where I have read a company putting out two RNS in a morning to numerically correct themselves, even very competent people can make mistakes.
On the positive side there, is still quite a lot of time left in 2024.
Banburyboy, I don't really agree with you because having read both your's and Helpful's comments, I think his relationship to the company is as an investor and he is no way employed by them. I also remember him - on occasion, self-referentially censoring himself on this forum in order to be scrupulous, taking such things at face value and reading closely, I don't agree with you.
Even the people on here who I do share some positive sentiment, I don't agree with them on every aspect of what they say but I don't have anything like annoyance with that and it is interesting to read different perspectives on a company.
I think maybe it would be good to chill at some point and wish everyone... a nice weekend.
Nike - you are considered in your posts.
You know Helpful is an insider - buys placings, he's never lost on RRR shares, owns CLNs, owns 10% of ALR is in constant contact with AB.
He has posted superlatives ( not facts) for years on this company. Its declined for years and cost those who have relied on his advice a fortune.
I cannot see how any balance right minded fair person would see that as right or fair.
Are you really defending him. As Dukey says Helpful is why so many bashers are on here.
I virtually live on here as I think it's the worst ethical behaviour I've ever seen. The man is contemptible. This is an emotional post as right and wrong to an old timer like me is important.
LoL. Pumpky. No, I am not but then again, its just pocket money.
I tend to post on 1 forum so that I am not all over posting for the sake of posting.
However, as I said, I dont wait till -90%.
Nike180 : Yes, any co on AIM is very dependant on the project. David Lenigas, the Strategic Advisor to RRR has had a recent success and one Australian poster said that sometimes it does or can hit. He is a Australian exploration geologist who has experience in Australia and Africa. So, what he is saying is that will the West Arunta hit given 1 hole result has come out. Ah, the stock has risen every day for the last 5 days [1 day not up] rising 68% , 20%+ and last night 50%. Lenigas is Executive Chairman. So, FACT from an exploration Geo posting in Australia that IT IS ABOUT THE PROJECT. His work on posting on HC is really impressive with Satellite pics to show.
All facts. CEO Technician has posted today on Twitter and he said that folks should not remain if they no longer hold a stock in a positive light. So, too , it is relevant here. News, Fri, 3 May 2024.
Nike -respectfully I disagree about Helpful I think he is being intentionally misleading. its the obvious answer. In North America and you hear hoofbeats- think horses not zebras
Helpful says he is knowledge and experienced Yet he confidently predicted production and cash flow in April/May 2023 from Lithium -I remember because I pointed out the logistical issues involved yet Helpful kept repeating that position. History has proven him to totally wrong
In 2024 Helpful stated gold production would start despite RRR's track record of failure as to timing and delivery which is something someone with experience and/or knowledge would know that such RRR information would be unreliable.
Worse yet Helpful made production estimates based on totally unrealistc expections of an average grade. Again something that a person with knowledge or experience would not do
IMO Helpful cloaks himself with an assumed credibility which is not deserved to intentionally mislead people.
Such behaviour and posting are more damaging to RRR than any of the so-called 'trolls' on this board
... scenarios... not scenariosly
If someone can read properly: I don't think Helpful is setting out to.mislead or mug anyone, in his comments his style is confidant and sometimes strongly positive but remember situations can sometimes change - perhaps regulations or price of commodity which means that a prediction or perhaps a numerically illustrative outline in a possible circumstance is not actually correct in the short term. I have taken some of those positive comments to be in terms of possible but not definite scenariosly and I think they are well enough written to be potentially well enough read.
Sometimes people have criticised Helpful for putting out links. Obviously commodities relate to macro issues as well as geological, some those links are musings by genuine experts - doesn't mean they're correct - no-one knows the future but I think they are interesting.
Aso junior mining companies often refer to other discoveries nearby, although that in no way guarantees success it shows the closeness to areas of geological interest, doesn't seem unreasonable to me for him to be posting such.
Some people who read about this company will be interested in rocks and the surrounding landcapes, within reason people can choose what they want to write and people can choose what not to read, what to skim over, leave till later or read at any particular moment.
Cheers...
Due diligence ended 19th April according to heads of terms.
Condition E
" RRR confirm by close of due diligence it has access to the funding required for the settlement of amounts due on completion and on- going financing of NBGC and RRAL'
IMO only but I think this could be a real stumbling block and explain why due diligence confirmation is two weeks later.
As is oftern said far too many spinning plates
Why do people continue to buy the shares he prints? History of printing zero profits. End the gravy train stop buying. Then it all ends.