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Https://twitter.com/TaviCosta/status/1790581133182202199?t=WtAz0jmS0SIrbXhBF7V2xA&s=19
$2,358 touched $2,361 earlier
DYOR
Unfortunately Helpful no correlation between gold price and our SP.
1 - we don't sell or produce gold. If FASO comes good no one has any idea of the partnership terms and our interests.
2 - RRRs portfolio Kenya / Cote de Ivory / Australia rank pari passu as pretty average against peers. You love to quote the world marginal cost from your o level in economics. Not relevant here I'm afraid its about relative IRR on scare capital and geo political risks. Africa is a tough place to do business and if any of our assets is looking attractive its probably POW. Costs to set up in Australia are prohibitive unfortunately and im not sure we have the financial strength.
Sorry to burst your bubble but gold could rise 10% today and RRR SP would be flat for all the reasons above.
Now company specific news on DRC funds, selling 200 tonnes of Lithium or June production in Bibelle with a clear statement of RRRs residual interest. That would move the SP.
Morning campers'' pushing on nicely now'' and looking like the price could break $2,370 an ounce today ? and if it does it would be very bullish for RRR come JUNE indeed''
WE ARE OFFICIALLY NOW ON RNS WATCH
GL AB and team
ATB
Banbury - regarding point 2, RRR sold the POW shares at a profit - some time in the last 18 months I think (max 2 years) utilising the asset for liquidity purposes at the time.
There was a junior royalties company that launched in 2008 primarily focused on gold copper, maybe a bit of iron ore. Large area of focus was Africa with some focus on Australia, only had to let one country go from its focus on assets and within the last two years (max) had a merger of equals with another slightly further advanced royalties gold company both had beenn backed by a known family fund, all inteterests at the time and still - I think, retained within the new bigger company including more South American interests and possibly Australian - just going from memory.
If a company knows what it is doing then investing in, Africa perhaps balanced by a country like Australia -even if that concentration is smaller, is not unusually risky in this industry.
Yes Nike
Mr Bell set up a company Tripler Royalities a number of years back to receive all these royalties.
It's sadly dormant at CH.
Not sure I remember any POW receipts last receipts were final shares in Jupiter.
Thinks have not gone to plan.
The calm before i should imagine, and I'm sure we will see a few more of those big 27m /10m bend over AIM'' is scared off and fixated with, @ some point today..
$2,370 target hit see if it holds and push on'' and at the same time our first trade just in 700k worth @ 0.05p full ask whoooooooooo hold up'' i wonder if that is also another BEND OVER'' perhaps AIM has the MM books at his disposal and could elaborate on it'' LOL!!
GL everyone...
No Banbury, Altus Strategies - going from YouTube mmemory, I believe it was 2008, had a merger of equals and is now part of Elemental Altus... Canadian listed. Altus' concentration (not exclusive) concentration of focus was considered original but interesting opportunity by the interviewer who was actually very enthusiastic without gushing or naive when interviewing the two founders of that company.
Other companies - not royalties sometimes have smaller or even just one concentration of asstet(s) in Africa (within the mning industry) some focus
on Africa is a valid strategy amongst valid strategies...
Each mining company will assess their own risk profile and jurisdictional risk, growth opportunities, geopolitics needs of the economy and so forth.
--------------------------WHOLE THREAD DELETED--------------
I see on the left, running posts. I clicked on one and at 9:14 entitled: "Posts getting deleted again."
An RNS has come out and in the thread, one posted to ask if FUNDING was needed. That whole thread GOT DELETED and it is on that forum to see @Pitfield, Oz. Why? As said, even on Twitter etc, that is now something NOT in public domain etc. Hope that CLARIFIES as this is also common here on this forum.? Wed, 15.5.24.
I really don't think under option money D-RAMP will work'' anymore on RRR if BF is to start soft production early JUNE ?
buyers will come, watch and learn...
BTW : GOLD $2,374 hit'' suggesting a $30 dollar run is coming'' whoooooooooooooooooo
Regarding Elemrntal Altus... the family fund who is backing them is an Egyption one, known in the gold space, from the Altus side... the company retained the royalty that had previously been announced in the then shared gold interest by RRR and POW by RNS, the brak in paragraph on previous post regarding strategies was just a typo not for extra emphasis.
Cheers...
Disappointing that they took back the 5% rise on 42m buys to 58k sells, but IF GOLD hold it's head above $2,370 at close tonight it would be very bullish indeed'' and would mean a new base has form @ $2,350, and that base has been moving up 1/2 % a day for the last week'' food for thoughts if it help any''
anyway it gives those that miss the first wave in RRR SP this morning a chance to bottom feed once more with 5min to go don't say i did not tell you''
ATB
Well something must be going on in the wider Market as gold has just gone beyond it's last high and has broken $2.382 ?
whatever jump the price that quick FK knows ?
perhaps Bloomberg may give us a clue''