George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Look like the price could have a long way to run, as Bloomberg tonight is reporting that government around the world seems to be stockpiling as a way of beating inflation and that seem to be the reason for this bull run,
hopefully RRR will soon catch up with proceedings, at our 100% owned shortly''
RNS watch again tomorrow L&G, see you all bright and early, i will put the champaign on ice LOL!! just incase we get lucky..
speak soon..
Https://twitter.com/TaviCosta/status/1773745336294449178?t=OPRo5XoVoYUkDQ-ZE0EJMQ&s=19
DYOR
Helpfuls deluded " see what next week brings !"
One sniff of a deal and the price would be double what is now as preferred PI are informed.
Rather what we had was no whiff of a settlement and PIs bailing as they looked at the awful balance sheet new loans and associated costs which have been kept under wraps.
Nothing next week is nailed on.
Helpful negates to mention we had a two year dispute with Soma over the terms of the deal. Normal pig in a poke Bell deal.
Our relationship with Soma is shocking. If they do pay it will be seriously slow and in my opinion involve legal action. As with everything RRR not straightforward.
Https://twitter.com/SomaGoldCorp/status/1772250892617544072?t=L837uUew2t6hdnMUYR3-WA&s=19
Slide 11
DYOR
Soma are on with bringing El Limon into production: they said in December that it would be late Q1/early Q2. The current statement is H1 24. They have repeatedly said they will produce 8,000oz in 2024, 12,000oz in 2025 and 16,000oz in 2026. My view is that them losing their CEO has slowed them down. Hopefully he comes back sooner rather than later.
If you take your shoes and socks off you might be able to work out what that means for RRR at current prices...
I could comment but I probably shouldn't because it would start all the trolls squealing. Let's see what next week brings.... it is not a holiday in DRC.
Anyway, no downside to the gold price being higher.
DYOR
Dukey Lundy had no comments on JFKs posting on the accounts low lights. Clearly got nothing to say. Him being an Investment Advisor and all.
Fascinated what the Greenland costs are ? Looks like we've been burning 12k a month for 14 years on something we sold for £1.
This seriously is a basket case of a company.
Getting two alluvial schemes into production asap will be very good business for RRR.
Hmmmmm - Think they said that about El Limon
BUT ? If they do then it would be good for RRR, but with 83k left on the books at end of accounting date -Where ar ethey going to get cash from ?
Helpful, serious question - Why dont you ask Andrew Bell to take his salary in shares until DRC money comes in ? Surely this would help RRR`s finances AND be a missive boost of confidence to the market. If Andrew Bell were to do this even I would buy some shares here.
Such an example of male erectile tissue.
From Gold Price. Org
30 days 8.99%
6 months 21.78%
1 year 17.85%
At least get your numbers right. All in USD. If you read some of the things I post you might learn something. Gold is about marginality.
If your cost of production is $900/Oz and the price is $1,500 then you make $600 an ounce. If the price is $2,100 then you make $1,200/Oz. Small movements in the gold price make a material difference to profits. So a 40% price movement has doubled profits.
So what were marginal schemes become wildly profitable. Getting two alluvial schemes into production asap will be very good business for RRR.
🤞🔥
DYOR
GOLD - UP 13% IN THE LAST 12 MONTHS - FACT !
Https://twitter.com/KatusaResearch/status/1773390518975639629?t=jFHKC_55qoG58hut8iR9rA&s=19
"So this is either going to revert back to the mean...
Or there's going to be a major influx of capital to equities coming, the likes of which we've yet to see."
Remember Reversion to the Mean Trolls?
Looks to me that $3,000 ounce is a possibility. By the time the London market is back open we might be at $2,500.
🤪🤞
DYOR
Marin Katusa of Katusa Research:
"GOLD FUTURES on Comex now $2 , 2 4 2 and climbing. " "Another Katusa tweet: Central banks accumulating like China."
https://twitter.com/KatusaResearch 6 hrs ago, Thur, 28.3.24
HELPFUL
Great day. Thank you to you & Mr Bell also. Grateful for small mercies.
Last few mins to closing, GOLD hit the all time high of US$ 2 , 2 3 8 per oz per Marin Katusa of Katusa Research fame. He shows the chart. https://twitter.com/Marink#Katusa/status/1773471190193213751
Its catching up with the difference in Shanghai Gold Exchange leading earlier.
From Michael Lynch [verified]: " Bullion Banks issue Z E R O delivery notices on the APRIL gold contract. Banks closing SHORTS likely lifted gold price." https://twitter.com/DtDS_WSS Michael Lynch
$2,232.75.....
Amazeballs...
Although it's disappointed that there is still hold up on DRC cash, it's nice to see AB is hinting at none core asset sale, to sure up balance sheet / trying his best to avoid dilution with talk of interest from a few parties / concentrate on near term GOLD / Lithium, and we certainly got a lot of far off need money spent on asset to get rid of.. but as always the Market reaction is always over the top with little understanding of the RNS and what we have here, and will only think of the negative, as in HAHA'' DRC cash is still not here yet'' lets take 15% off the already tiny SP, and they will head for the exit,
FKN leaches...
happy Easter weekend all,
speak soon
ATB
Gold currently on another little charge. Currently $2,224.35 up $33.33 on the day 1.52%.
Doesn't seem like $2,200 was much of a resistance once it fell.
DYOR
$2.260 IMO end of the month
And Lundy has you on ignore!
TDT
"Shanghai trading physical gold+$40/oz higher than Western price today - new Record Price high $ 2 , 2 3 5 an ounce."
Link: https://twitter.com/goldseek/status/1773257851789545570 2 hrs ago, Thur, 28.3.24 [Embedded report from Shanghai Gold Exchange [SGE]. NIA. DYOR.
$2,205.70.
So $2,200 now breached: does it hold above $2,200, go higher or drop back?
DYOR