The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Still waiting for promised report on Burkina Faso.
Still no comment on permit is needed to start gold production.
Still watching those lithium exports as requested by AB
FYI working out how much gold is on the RRR claims is not a function of how much the river floods.
I have never read any reports where small miners rush into an area after any river floods
Four machines from Ali baba and we are all millionaire's.
Helpful in Sept 23 you were telling us 1 -5 million tonnes from Tin Hill. It was revised down to 200 tonnes that is now missing in action.
Your superlatives struggle to make the light of day :)
Indeedy.
"Near surface", it obviously is near surface, it is alluvial. There will be some overburden but it will vary from site to site. The licence is 180 km2: the alluvial is substantial.
Work out how much gold is in 2 km2 with 10m of pay dirt: likely alluvial is substantial: it is a function of how much the river floods. Check it the Black Volta, it is a big river. https://en.wikipedia.org/wiki/Black_Volta
DYOR
They say mining is about relationships so if Bell gets along okay with people there that is good. Agree with you that BF Government may not be that exclusory to alternative geopolitical players but don't think they will have a problem with all UK companies.
Regarding the earlier commented "quantum of risk" element: if the gold is near surface and the potential number of wash plants become actual and suitably increase, it's not that difficult to imagine a quantum of revenue.
Appreciate even a little revenue within AimDogs timeline (plus including in to the summer) would be nice, meaningful informstion as to the start of revenue would be nice. Am not expecting that yet...
Sight delays / complications (even if it's just getting the right equipment in good time and making sure enough staff are ready) as juniors try to start production are common, hopefully RRR is on the right track.
Helpful
"The government wants us progressing because we are a western company who will pay taxes, they don't want Chinese and Russian operators.
The number of Wagner troops is up this last quarter from 1-3k.
French diplomats are being expelled. Britain has no consular presence. Andrew will be bigging up his Russian sympathies and probably using Sam to front as a non westerner.
RRR as a uk registered company will be done no favours. Also just saying RRR has never paid taxes in twenty years.£30m of accumulated losses and failure.
" this is aimed at illegals and artinsenals "
Illegals by definition would not seek a permit nor would one man bands. Its aimed at small scale ad hoc operations. Just like RRRs original plan.
That's why we have to go big and the change in direction. You must think posters are stupid !
Look forward to the next update :)
Any news on 200 tonnes of Lithium ?
Doggie, do you mean this? https://youtu.be/r6cixQCULdM?si=oEaWCVOZM7g7xoXI
This has already been addressed multiple times. I have posted numerous links showing the depth of the gold trade in Ouagadougou. There is no problem selling gold within BF.
This is aimed at illegals and Artisanals not paying royalties and corporate taxes. We have the support of the Govt as evidenced by the presence of armed Gendarmerie and military at the site plus the speed with which the illegals were removed from the site.
This is standard Boring Boy nonsense; posts nonsense, gets refuted, posts different nonsense for a few days and then resumed previous nonsense. Endless cycle of nonsense. Some might suspect an agenda.
The Govt actively wants us progressing because we are a Western company that will pay taxes; they don't want Chinese and Russian operators.
DYOR
AIM - Helpful only posts what he wants you to know.
No doubt a strong rebuttal will result with him telling me I'm stupid can't read don't understand am a rubbish accountant etc. He accepts no negatives or any doubters.
If I'm honest FASO is speculation I could be right or Helpful could be right but balance is important.
I like to stick to FACTS. I will allways Stick to them and 200 tonnes of Lithium was presented as fact.
Where is now ? When will. we sell it to whom ? Five Chinese buyers was rubbish and I'm not convinced at all on the 200 tonnes story.
I think the Nomad was stung by Lithium publicity and RNS releases and company communication has been far less since ( accepting Reach).
Helpful seems out of step with a more measured approach from the company to communication and his claims are getting more outlandish [ if that was possible !!]
Where will RRR be at Xmas.
1 Many multiples of now per Helpful or
2 0.03p and 6.5bn shares.
Can't see the auditors buying DRC or Elephant being near term cash realising events for three years on the trot.
All in my opinion but read Helpfuls post alongside an alternative view. I mean Alibaba as supplier for a big gold producer it's cringe worthy :)
Good link Banburyboy.
I wonder why helpful🤡 didn't post it as that is usually his forte??? How can Bell be so unlucky??? Barrel and nipples, eh Banburyboy. Tic toc...