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Well if you are quoting him, he is wrong: it doesn't say that.
https://www.rrrplc.com/wp-content/uploads/2024/04/2024.02.29_RRR_Burkina_Faso_Alluvial_Project_Presentation_2.pdf
First it is a model not a forecast. He can't pick and choose different bits to suit his argument. Secondly, that was from February 2024; things have moved have moved on since then.
The 1,152 tonnes per hour is from a RRR tweet: it is not my number. The tweet gives a range of throughput based on how much clay is in the pay dirt (no one knows at this stage).
I have seen nothing else that confirms the current intended throughput: so this is the current best information.
If he is saying the model is what we should take seriously perhaps you should ask him how he reconciles where it says 61 ounce gold per day with saying the whole thing is a scam?
61 ounce per day is around $3.3m pm pre royalty and pre-tax.
$3.3m pm is not nil.
NB this is trial production: it is semi-mechanised. Once we have the production licence we can go to fully mechanised.
The important bits:
Is there gold or not?
Can we extract it?
What is the marginal cost?
Boring Boy really doesn't know what he is talking about.
Once they are on site and producing, then we will know.
DYOR
I posted that DRC has recalled all the copper that was exported from Musoni COMMUS operated by Zijin Mining due to high levels of radioactivity. That is because SOUTH of this licence, there are uranium mines.
Latest news: DRC HAS " SUSPENDED ZIJIN'S MINING LICENCE."!!! The Commus mine contributes 4.5% of Congo DRC's exports in 2023.
RRR MUSONI JV [51%]: At Musoni copper district, GLENCORE has 2 licences next to or near RRR's Musoni. Thus far, NOTHING [no radioactivity ] reported about RRR's licence @Musoni EVEN THOUGH IT IS NORTH OF ZINJIN'S COMMUNUS MUSONI COPPER MINE. https://www.mining.com/ecofinagency.com/mining/2404-45438-drc-pauses-mining-licence-at-zinjin-copper-and-cobalt-project-over-radioactivity-concerns 24.4.24
Comment: AVZ who is taking a international arbitration case in Washington DC [won the interim ruling] will NOT re-list AVZ on the Australian Stock Exchange but will go private. It was also stated that SHAREHOLDERS will still have SHARES in the private co pending the = final =arbitration HEARING wherein , both sides will present their cases.
RRR Draft Award Arbitration of US$10m still pending. A.Bell's latest interview with Stockbox did mention the DRC arbitration so that is still continuing. FOR THE AVOIDANCE OF DOUBT: I bought in for this award [very tiny ] because the risk vs reward is great IF, IF, RRR win DRC arbitration [signing] and then obtain $$$ to fund the international arbitration over the loss of their Musoni licence which was SOLD ON by the state miner for some US$430m. News, Sat, 4 Apr 2024. RRR MKT CAP £2M @0.051p. [all time low]. RRR is 2010 was 23p and two years before that , it was 0.25p per Paul Johnson recently. DYOR. NIA. SO, IN SHORT, IT IS "OPTION MONEY".
Banburyboy commented 'The source of needing 186 wash plants to throughput 1,100 plants is page 12 of RRRs own Biballe presentation'
Helpful. What's your thoughts on this?
Afternoon NIKE'' / NEWS'' HP'' some good post yesterday... I see another huge x2 56m and 60m buy that make the x2 @ 0.047 look stupid as if they was hoping for a drop LOL!! I should imagine all genuine hold some shares investors can wait till JUNE and beyond, end of the year EVEN'' gold still looking strong THO'' around it's base $2300 and bounce back well again from the 2289 region on Friday
looking forward to the week ahead, keep up the good work..
ATB
Robins to be clear.
The source of needing 186 wash plants to throughput 1,100 plants is page 12 of RRRs own Biballe presentation.
Best case 6 tonnes per hour per wash plant ( base 4 tonnes).
He will run away from this just as he runs away from the 200 tonnes of Lithium not existing as he's been rumbled. It's to easy ;)
If that's the case helpful and you didn't take any placing shares you weren't confident of making bank and you know what's coming. Tic, toc...
Well now you idiot trolls have made sufficient fools of yourselves prattling on about the last placing; I didn't take any. So presumably you now change the idiocy to something else.
🤪
There was a shortage of pints in Manchester that week. GMP didn't want me to make it worse by having you hang around any longer than necessary.
Helpful I have just read your 7.18am post of today and notice there are people who disagree with you but you do give as much as you take so that's o.k. But the post from Banburyboy suggests we will need 182 wash plants to achieve the 1000 tonne throughput. Could you kindly make a further post clearly explaining the confusion over these numbers. If someone was questioning my numbers I would feel obliged to clear up the matter asap. Thanks.
"...Those were really the glory days . In 2006, 462 new players were listed with £5.6 billion, the year after 284 made their debut raising £9.6 billion, last year it was 15..." -Sat, Times of London, 4.5.24
In the thread: "A decent RNS would see a STOCK move 300% +. SO MUCH HARDER NOW FOR BOTH COMPANIES & INVESTORS. " Another comment: "Without cheap money..."
Comment: So, folks, WORD IS GETTING OUT of the STATE OF THE AIM MARKET for both ===COMPANIES==AND INVESTORS. That is what I have noticed. LoL. IF THE TIMES OF LONDON KNOWS AND PUBLISHED THE ARTICLE IN A SAT EDITION, EVERYONE NOW KNOWS and cant just blame x or y. I have not got the full article as I am not out in town. Going to be interesting for us all, shareholders of AIM co's to read and IF solutions are going to be forthcoming given it is now IN THE LIME LIGHT. https://twitter.com/DavidBurton1971/status/1786635780024041942 Sat, 4.5.24 Link given to Times of London with headline.
Banbury, you think he would be embarrassed ! Just glad he had been exposed and more people see him for what he is, in that respect our postings have been worthwhile ! Have a good weekend all 🤙
1,100 tonnes per hour throughput.
2 grammes per tonne extracted.
2,200 grammes of gold @ 28 grammes to an ounce 78 ounces of gold per hour.
At ridiculous Helpful cost of $350 to 500 per ounce. He uses his GCSE economics to tell us it all about Marginal cost.
So those figures would result in RRR being in the world's top ten gold miners in terms of gold sales / production and the most profitable in the world by a margin of three fold.
He has recklessly thrown one isolated fact out to posters in a pathetic attempt to lure the unsuspecting into this sham of a company.
The SP is still going down for a reason. FASO is hyperbole and chances of success are remote.
Even if it is successful he would have sold a fair proportion of Greenstones [ the FASO company] to Riverstones for them stumping up the seed finance.
It's a final throw of the dice as there are £4m plus of debts on RRR balance sheet and DRC and Tin Hill have failed so they need a quick result.
It might cone good and save our bacon but not at the numbers Helpful quotes.
The SP is reflective of all these facts.
What's sad is he's a financial advisor. The rest you know.
So News YES / NO to 1,100 tonnes an hour. Resounding No.
A proper financial advisor would lay it out in layman's terms.
The pub has space to fit 1,200 drinkers FACT.
But they can't drink 1,200 pints because
We have a slow pipe ( the wash plant )and one barmaid can only serve 6 pints an hour.
We could employ 180 barmaids but imagine all the capacity constraints and costs . Its a nonsense.
Our resident cheat picks on on unrelated fact machine theoretical capacity and misleads people into thinking that has a direct link through to production. He deliberately chooses to ignore all other assumptions . Ask yourself why ? Because its his job to mislead
Bank holiday weekend in it xx
Dukey, surely you are not still on the lash at this time?
How about paying that £1,000 you owe to Christie's Hospital?
How’s your shares looking helpful ? Didnt he almost own 3% of the company when share price was multiples of this ? Ha
Hate seeing the likes of Robin’s loss increasing, but the only good thing about SP being sub 0.05 is even Helpful is in the red - FACT !
Exactly Banbury ! This just shows he is talking it up just try and lure in people to buy so he can off load ! If he believed what he said was true he would be a buyer - But no no - The guy is a parasite and fits well with AB, gutted he wouldn’t meet me for a pint when I was up by him !
Https://www.ft.com/content/3d2727a0-96c7-499c-a0d4-176de4548a83
DYOR
If Helpfull and his mates and all those close to this questionably run company believed all this superlative tosh they would be buying in spades.
They are not no one is buying and it's why we have sales of 0.047p.
Helpful is here to get his placing shares away for the next rinse and repeat.
Thankfully no one buys it anymore
More scumbag misleading by the resident insider who has the audacity to challenge others intellect.
Throughput is a function of many factors not least washing the alluvial. Helpful misleads us all by talking of 1,100 tones throughput per hour.
Page 12 of RRRs April 24 Bibelle presentation has the COMPANIES OWN sensitivity analysis.
The upper extreme of throughput is determined by washplant capacity and in RRRs most recent presentation is no more than 6 tonnes per hour for ten hours per wash plant.
To achieve 1,100 per hour as our resident con man is suggesting we would need ( do the maths as he would say) 182 wash plants. One hundred and eighty two.
These are not my figures but RRRs.
Common sense and any degree of intelligence says he's wrong and as ever misleading people.
End to end throughput of 1,100 tonnes per hour is what billion dollar companies do and RRR is not one of them.
Yes Duke, I expect another air miles trip to the DRC as we are soooooooo close Bell can taste it.....
Anyone else notice that there is no timescale for the washplant delivery??? Already a month late and no indication if it has even left the owners premises??? Looking more and more like another Lithium/DRC RRR timescale debacle???
Tic, toc....
AiM the man is absolute shister no ifs no buts.
He would be quite surprised at how well educated some of his detractors are. They don't need to boast about it and have a moral compass.
More sells @0.47 - looks like placees realising a small loss is better than a big loss ! Apparently next placing only 30 odd days away and I imagine they want to be out before that ! I predict another attempt at a pump soon, last one failed miserably- Queue Leningas