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In the next FEW DAYS 5TH APRIL 😆
RRR"Have hired the only plane that has taken 22 days to arrive
Gold gold gold FKN everywhere'' but with a very complicated supply chain issue that the illegal been controlling for years by the looks of that report HP'' that's why AB need a huge team to watch every ounce LOL!! and if we keep our nose clean and get in with the local and regional government and pay our proper tax unlike some people that slip it out of the country ? AB will get looked after IMO and perhaps be supplied with an army of security guard on site when production gets going so operation get protected from mine to buyer..
regards
All looking good THO'' regardless, Gold on the uptrend once more trying to break away from its base $2300 up $12 ATM @ $2330 and will no doubt test the high again @ $2415 in the days ahead... right place right time for RRR
Morning campers, well if we have had illegal miners on site digging out gold with there bare hands pick axe and shovel for the last 2 years, and making a fortune, then the resource must be huge'' and perhaps that's why it's taken a bit longer than the week expected for that geologist report'' for that deeper understanding of what we have there, as the illegal was only working the surface by the looks of it ? but for balance the RNS for the wash plant delivery expected to come by plane in a few days'' does seems a little bit suspicious 20 days on, as to where is this plane ? one can only start to think that it is already there, and the NOMAD tell AB not to inform the Market yet about this milestone until this director dealing recently settle down for a few days so it don't look like insider dealing ? FK knows'' but it's a thought.... been round these casino's for years... digging for a reason as to why''
anyway'' trading look a little bit better than yesterday for this time of the morning so I'm still hopeful that we will see an update imminently'' what 1 of the 4 vertical we discuss so far that it will be, we don't know.....
ATB
Cheers but there a delay on info for some reason.
Hi Robins
I was picking up on Helpfuls post.
I think the licence is the land and the permit permission to operate and export. Part of the permit is putting 10% into local ownership.
There is also a Reuters article suggesting in Feb 24 the Junta suspended the issue of export permits to small scale artisinal miners. Let's hope nothing serious but Helpfuls post implied we were waiting on something. Time will tell.
Nike 45m of 81m went to three directors. So 55% ish.
The terms were pretty good o.o15p.
No problem with workers but Directors ?
I
Banburyboy the rns dated 27/feb states the license remains owned by red rock subsidiary faso greenstone resources. Am I missing something?
Banburyboy, the initial reading of the share allocation possibly seems large and as I'm in not a mathematician, I'm not goin to try and break it down but think it should it be remembered that the allocation is being shared between employees.
Think it works as two free shares for every one share bought by the individual employees. The shares are set aside at the start and then on a monthly salary basis each employee participating, will have a portion of his salary deducted and will be provided two thirds more in keeping with the scheme. This would be up to a maximum of £1800 annual subscription by employee matched by £3600 contribution by the emoyer, enabled by UK Government SIP share incentive plan.
I presume workers who participate would generally have some sort of positive attitude to the companies they work for, which they would thereby part own.
Maidit
Helpful is implying but not actually saying RRR don't have a permit.
Sorry to burst your bubble but that's bad news not good as it means production is a while away.
Maidit the board paid 0.015p as they got three free shares for every paid one. Bit of a no brainer the only loser is shareholders.
Glad it makes sense to you :)
So that means we can now expect at least 4 bit of good news shortly'' and it all make sense now'' why the BOD has also loaded up with part of there wages a few days back ? and why that 500m share issue seems to be on the missing list with the pittance been traded lately'' and no tr1 to say who owns it ? even the 1m trade today @ 57 look like an improvement on the price buy ?
looking forward to RNS imminently''
West African Resources have operated in FASO for decades . So probably a renewal.
Sounds like a bit more than paperwork now Helpful - rather than customs duties VAT and that good stuff as you referred to it.
I'm assuming from your post RRR have not got a permit and that's why your prediction of production last week or this is awry.
Even by your standards the backsliding is extraordinary.
Maidit might have a long wait !!
Https://www.globalminingreview.com/mining/27032024/west-african-resources-receives-mining-permit-approval/#:~:text=On%2020%20March%202024%2C%20the,the%20State%20of%20Burkina%20Faso.
https://www.mayerbrown.com/-/media/files/perspectives-events/publications/brochures/africa/africamining_burkinafaso.pdf/1000
So BF is actively issuing Mining Permits.
DYOR