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Blue skies breakout so good news for if rrr if they can actually get the washplant delivered, only 6 weeks late.
More chance of winning the lottery
Breaking news FTSE has the best start to the week lifted by GOLD & COPPER MINERS ? hmmmmm gold seems to be on everyone's lips and not just us at depress RRR, OUR TURN WILL COME...
Iveinvestors.co.uk/companies/news/1047922/ftse-100-live-stocks-climb-as-miners-lifted-by-gold-and-copper-record-highs-1047922.html
DYOR
Interesting thought from a proper poster over at GGP that is up 11% again today tracking gold, saying''
The Chinese sell dollars for physical #gold to light up the western paper exchanges. They still have 700+ billion dollars ammunition left! I believe China's end goal is to plunge the USA into a monetary crisis through gold and silver drainage. The whole fiat system is what they are aiming at. People will demand physical going forward.
seems plausible to me'' and if true Gold could have a long long way to run''
anyway nice to read post on other less hostile gold stock to gain knowledge and understanding as to the why and where price could be heading in the future
Regards
Pushing back up for the evening rush'' $2,425 ATM, and yet another new base has been formed @ $2,400 if it continue to hold above... EXCITING TIMES AHEAD...
IF DIGITAL MONEY BTC THAT CAN BE STOLEN FROM YOUR WALLET IN A FLASH'' or you can be locked out of your bank account in the future? can put on $5k a day on an uptrend, it would not be unreasonable to see Physical Gold and the only real cash left on earth'' put on $40 a day with momentum and the waiting average a rolling stone such as this can ask on a single up tick if it keep it's head above $2,400
Maidit308
Pleased that you are cognisant of what is going on re: last few posts below about gold etc. Let's hope RRR can pull a nice surprise shortly with moving their projects forward as lots must be catching on now ie market. The video I showed from the European mining engineer in Zim stated that lots of such small 1 man banjo's are all over Zim. Notice that the man in charge is going into a steel enforced room with only him having the keys to. Why? It is where the gold is being washed. So, yeah, standard practice as to why A.B needs to institute some procedures as well. DRC coup: No statement from the President a/c to press and no interview etc - got to wonder why? Maybe, Chairman B ell or Helpful could give us some info from public sources? Mon, 20.5.24
Yes NEWS'' as that's all we have to talk about at option money TBH, and because it's the only near term revenue generating asset we have I will continue to disregard all of our other asset until we get something official from DRC / Copper / Silver or anything else, I really do get AB'' 1 project generating regular cash at a time....
Regards
"I really do get AB 1 project generating regular cash at a time...."
Yes Maidit that one project has eluded him for 20 years and why he is known as the man with the minus touch or Calamity Bell.
I allways say if he fell in a barrel of Nipples he would come up sucking his thumb !!
Still let's see what happens at FASO.
Judge us by our exports lol
Banbury regarding "that one project that has alluded him" you have ignored previous gold and silver production from Coulumbia when the asset was wholly owned by RRR.
The YouTube interview from 22nd July 2012 and the annual report from 19th October 2019 is a good sample / summary of hope meeting product including revenue and profit.
It is worth noting from the interview - they weren't hanging around for detailed and costly reports but getting on with it to bring in cash, confidant in the previous production and what was still there. The current asset is at surface and has, according to communications, had recent unlicensed mining which suggests confidence and a repeat of a similar strategy to what has worked before - doesn't guarantee success but does show the ability of a junior mining company to be able to improvise.
I am having to rewrite this seeing as predictive text might have disrupted again so I need to correct dates.
Apologies for repetition...
Regarding the comment from Banbury that nothing has ever been brought into production...
RRR interview with Proactive Investors 22nd July 2010 regarding quickly going into production for Columbia precious metals - not waiting around for extensive and costly reports, small junior choosing to monetise asset quickly is worth a re-visit as it shows a strategy not too dissimilar to now where they were confident for an area that had previously produced.
Full year annual report dated 19th October 2012 showed decent small scale production, revenue and profit for gold and silver. The strategy was well realised.
I think RRR are going to try and make a similar play again with the current asset of focus and if successful, it would be a good example of how junior miners have scope to improvise.
Additionally, I fully accept that Jupiter was the company's most successfully realised asset but it is absolutely the case that the company has brought an asset into profitable production - admittedly more than five years ago, hopefully within five years... we'll remember something else as well.