Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://www.junominerals.com.au/cproot/1118/3/20230727%20Juno%20Minerals%20Quarterly%20Activities%20Report%20and%20Appendix%205B%20-%20Q4%20FY2023.pdf
Quarterly update.
DYOR
Wow! That’s helped Not
It is information, if you read it you might understand something or maybe not....
Red Rock Ruin or red rock resources?!
SP holding up well despite the constant selling...
Helpful- I agree it's information but not relevant to the here and now.
If our interest in IDA and MASON had any present value they would have been sold by now. Current value to RRR nil.
Dukey, well done; you almost got something right. PS paid that £1,000 to Christie's Hospital yet, you know, you being a man of your word and all that good stuff?
Dukey, work it through logically. For Juno the big prize is bringing Mt Ida into production (2bn+ tonnes of Magnetite at Mt Ida and they stopped drilling because the had so much). Their stated intention is to bring Mt Mason into production (haematite, relatively small and higher cost as a consequence) to be able to fund Mt Ida coming into production.
RRR's royalty is 0.75% on all iron ore produced on the Mt Ida tenements; no other mineral are included from what I remember. So if lithium is there then RRR won't get a royalty from it. However, it might make it a bit easier to bring Mt Ida into production. The potential lithium is on the Mt Ida tenements and so might make it easier to get a JV partner in. From the map it looks like where the potential lithium is won't interfere with the Magnetite project.
DYOR
Helpless read the room, bell is a busted flush, he needs to be booted out, and when he goes he can take his red nose and clown shoes too
Lomax, you don't know me; I have no interest in what the rest of the room has to say.
xx
You can take your nose and clown boots with you as well , Coco.
No problem, you keep on with the stupid remarks and I will concentrate on banking some readies.
xx
Yeah yeah yeah but not here though eh! You seem rattled, are beginning to see what we all see
Helpful I'm assuming over say five years this is one of your worst performing investments. I think it's one thing relatively new investors getting excited and ramping but you after all those years of getting it wrong is stretching the moral compass. I'm being kind here as you are closer to a conflicted insider than any other poster.
I get your point about Dukey and your bet and if it was struck morally you are right to raise it.
For me there is a moral equivalent in you ramping a share where others have lost a lot over the years off the back off your ramping. I know you post IMOand DYoR which whilst legally excuses you but it doesn't morally excuse it.
The world is missing out on a stand up comedian, you should go professional.
Banbury, I have been indulgent but you really do have issues. You need to seek some help.
All the stuff I posted on Soma and Juno is factual. None of that is going to move the needle today, nonetheless, they are RRR assets.
I expect that we will hear more from Soma about restarting El Limon pretty soon and Juno is making progress but obviously not as quickly as would be hoped. Juno really does need a JV partner, given its latest cash position is fairly low.
On Soma if they hit their 12k oz target from El Limon next year that gives RRR somewhere around USD300,000 in royalties; it doesn't move the needle but it covers a fair chunk of the central overhead.
Even with a fair wind royalty payments from Mt Ida are probably 18/24 months out but the first $4mil payment from Anglo Pacific could be triggered a lot earlier.
DYOR
Helpful says: "The world is missing out on a stand up comedian"
..
I hear that the grades have come in from the Tin hill stockpile. Apparently the grades were 80% rubble of a fallen down house..... and 20% Faeces of the illegal miners. They were not happy they got moved on.
I’m thinking of becoming a ventriloquist like you, I mean bell is working you with his foot isn’t he
Talking of the Tin hill illegal miners.
Didn't they do well?
They built a road that got valued at £100,000. They also made a big stockpile that was all ready to sell.
BRING EM BACK!!
Unfortunately Helpful nothing funny about the advice you have been giving for many years on this company.
Your fan club is growing as more people see through your real intent.
Forgot to add the comical value of this company is what keeps us here. AB popping in for the odd post, helpful lol, negotiating with the wrong party, illegal minrrs, laughs and jinks on Twitter, Eschew, Cypriot banks, Russian investors, profit is not a metric relevant to RRR from our CEO. Where the next episode coming from.
Seriously if he get $7.5m from DRC he would do well to get the auditors to validate its actual receipt that's the level of mistrust Then this will fly.
No CLN update - bad news suppressed. It will be In the finals.