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Well... it didn't stop someone buying the gold asset in Columbia - no theft is ideal but I await seeing how significant it was with appropriate detail.
The year in question remains a decent year with some successful production and profit re. Final results 29th 0ctober 2012 - year of enterprise ending 30th June 2012 after citing operational RNS on 11th October 2011 relating to gold production.
No worries Nike !
Gold definitely went missing from El Limon - Zumore might remember and can probably find where when it was mentioned !
The start of that interview about our over excited experience geologise report'' must be very bullish for RRR indeed'' so much so that 36 second of what the interviewer was asking was redacted ? I have never seen that before ? AB look almost embarrass and too gagged up by NOMAD and regulators to say how good 1m ounce of gold gold gold FKN everywhere is for RRR'' that he goes on to excitedly play it down ?
and for the life of me i cannot see why'' when RRR SP is already at an all time low'' but the don't FK it up'' was a big give away as to how much potential gold we have on our claim, without the deeper rock AB was talking about..
all we can do is watch it play out at option money INTO next month JUNE AND SEE HOW LONG THEY INTEND TO LEAVE US HERE to be trolled on a daily bases
Regards
Theeduke, you are referring to the RRR annual report of 19th 0ctober 2012 covering the year's enterprise ending 30th June 2012. This on page 33 of the RNSs on company website assuming ALL is not pressed.
There is no mention of any gold theft either in writing or in the figures.
There was mention of profits for that gold production, it was a good report and was another good day in the history of RRR. I appreciate there have been ups and downs.
Thank you Theeduke for helping me to draw attention to a decent annual report on what was one of the good days...
Says to me Helpful wants people to believe it’s all about bilbale is coming so they buy and he can sell ! If Helpful believed news was coming and good news at that surely he would be buying at these levels ? Wouldn’t he ? Or am I missing something ? Why are you not buying at the lowest share price the company has ever been ? But yet super positive ! As you know I’m not the most intelligent but think even I can work that one out 🤔🤥🤷♀️
Says to me they have nothing new to report so just regurgitating , blah, blah.
If there was anything positive you and the insiders would ne buying in spades ahead of mere mortals.
Selling this morning indicates no news
So RRR has reposted this; https://twitter.com/RRR_RedRock/status/1788494234045100090?t=l5OKXVn4PJ2BBTA64TRX-Q&s=19
Says to me that RRR wants people to concentrate on Bilbale and that we have news incoming.
DYOR
Yes' interest rates might be lowered, with expectations currently favoring either June or, more likely, August.
perhaps BOE look at that news from Sweden you alluded to the other day HP'' and decide to cut early who know, but GOLD will respond for sure, hopefully just in time for RRR start of mining in BF ?
GL AB and team RRR IN BF putting up fences / building homes for the staff / strong room for our GOLD, your genuine shareholders await further instructions
ATB
Https://www.reuters.com/world/uk/bank-england-likely-move-closer-first-rate-cut-since-2020-2024-05-08/
And so it seems Sweden was the early mover.
DYOR
Not long to wait now for the next reach/twitter/stickbox P&D to let placing share buyers out at a profit before the next rinse and repeat event.
Will it be plant finally arriving at Faso (over a month late now) or Bell flying off to the DRC as he has finally remembered the 'one word' that he had to say so the payment would be forthcoming?
Or could it be something else???
Nearly 2.5 years since DRC was imminent.
Five months ago that it was so nearly over the line Mr Bell wrote two versions of the Chairmans statement. !!!
Interesting to see what the next twist and turns are ? DRC /200 tonnes are shelved all our eggs are in the geo political hothouse of FASO with a gentlemans agreement with our supportive partner [ there will be news on this eventually and it's that Net to RRR that is all important]
$3.5m a month to RRR from June 24 - do the maths he said :)
Nike, worth checking the announced figures to what was in the end of year accounts! I think you will find that some of/most of the gold was pinched !
So Blue was right and Helpful whose head can't get through a kitchen door was wrong.
Unfortunately Nike none of thos matters we are 0.045p for a reason.
Lack of trust in anything the company does, a desperate balance sheet, years of over promising and under delivering and FASO being a desperately difficult place to do business and an unclear and murky relationship with our partner Riverstone.
Onwards to June when Helpful will be wrong again.
Oops!
https://somagoldcorp.com/investors/#:~:text=(%E2%80%9CSoma%E2%80%9D)%2C%20listed,operations%20in%20Q3%20of%202024.
Cover page now saying Q3 start.
"Soma”), listed on the TSXV and OTCQB, owns 100% of the El Bagre mine located on a 41,000 Ha property in Antioquia, Colombia. Soma owns two Merrill Crowe mills on the property, a 450 TPD operating mill and a 275 TPD mill set to restart operations in Q3 of 2024. The two mills can be expanded to 1,400 TPD with all permits currently in place."
DYOR
Nike,
https://www.proactiveinvestors.co.uk/companies/news/67999/red-rock-resources-finalises-sales-terms-for-el-limn-79245.html
Soma Gold published it's latest AR a few days ago; in it, Soma acknowledged the outstanding royalty and that it was finalising steps to bring the El Limon mill back into production in Q2 2024.
The royalty is on production from the mill or the mine. The amount outstanding is just under $3m. The published targets are: 2024 8,000 Oz 2025 12,000 Oz 2026 16,000 Oz. Before the bedwetters get all excited, not my figures. See Soma's latest presentation.
DYOR
12.2g/t was Silver grade out of 396 ounce product for September's production in 2011.
16.4g/t was out of 527 ounces of GOLD produced for September 2011.
As reported in RRR's RNS 11th October 2011 on page 38 of the RNS records on company website, don't press ALL as that might change page number, go to 53 if interested and arrow left.
To be fair, it might have been an explorer producer who bought RRR's Columbia gold interests but probably more experienced in production compared to RRR.
Does show RRR have had some good days.
On 11th October 2011 Red Rock Resource put out a fairly decent RNS regarding gold production from its interests in Columbia.
I should have taken notes before typing but it's late so will be quick, it was a fair bit over 500 ounces for the month and it was at about 12.2g/t gold - pretty good, probably not huge production but it was quite high grade and would have been some cash flow. I regard that as reasonably successful and hopefully there will be an active royalty in future from what I assume is a specialist producer who bought the asset.
Crucially, the company has produced gold before so that shows where there is a will, there is sometimes a way.
A repost of my 17 April post.
Before that. You must be insane. You are always wrong! I can certainly see why a few years back some thought you might be Bell.
..........
17 April post:
"In the Red Rock 2022 Final results RNS covering the year 1st July 2021 - 30 June 2022.
From RNS:
"During the year, the Group disposed of its entire holding in Jupiter Mines Ltd, raising proceeds of £1.9m after transaction fees. Proceeds from these disposals were used in full settlement of loans payable to Riverfort/YA drawn down in the prior year, totalling £962,758 as at 30 June 2021."
Well done Bluey. The reason I am mostly right, is that I check stuff before prattling on. Memory fails us at times.
Blue he started with 83m shares and started blowing them in 2012. Not that it really matters.
Helpful would be well advised to act with the humility you have.
He is almost allways wrong yet has not one element of contrition or self reflection.
To be fair, I’ll quite happily hold my hands up if I’m wrong. I’m not infallible and I’ve been here that long that I will make mistakes over the time frames (that’s not a retraction of the balls ups that have happened by Bell). So yes Hapless, I got it wrong on where Bell blew the Jupiter money, I’ll take that on the chin.
As usual Blueboy is 100% wrong.
RRR was still a Jupiter investor in 2021. https://www.proactiveinvestors.co.uk/companies/news/948103/red-rock-resources-updates-on-jupiter-mines-spin-off-plans-australian-joint-venture-with-power-metal-resources-948103.html
Steelmin was 2018 https://www.share-talk.com/red-rock-resources-aimrrr-commercial-ferrosilicon-production-at-steelmin/
It would appear that time travel is a RRR skill set.
Well Bluey, were you wrong or were you right? What do you think boys and girls?
DYOR
And there you have it, a vintage Hapless spin on how this company got rid of (and at a pittance I may add) the only source of income it has ever managed to attain in 20 years. Just for Bell to blow it like a drunk in the casino on Steelmin. And if that wasn’t a suspect way of money “disappearing” cough cough, I don’t know what is.
But DYOR....
Thanks Helpful, I'm glad RRR protected its' Juno royalty and I think Bell's perspective was valid. I have always liked this company for its' gold projects and the potential for royalties - all else aside, that will always have some of my attention, hopefully the summer will be more obviously positive. Battery out...