The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The love in between Help Maid and News is something to behold.
Help as they affectionately refer to him has found some disciples.
Will we see 100 ounces of production before 30th June. I'm sticking my neck out and saying no.
Fund raising and need for loans unfotunatly to pay admin costs.
The same Sam and Willem who thought Tin Hill.was the next big thing if I'm not mistaken !!
Gold every *ucking where !! Says are very professional geogologist.
Speculative you seem glass half empty today. I thought you were quite bullish two weeks back ?
RRR could front a behavioural science case study. Watch how DRC and 200 tonnes slips out of all consciousness as our cheerleader Lundy leads us by the nose to the next big thing. Deflect and detract move on from failures extensively ramp the next big thing to maximise his profit on his placing shares.
Well given we have failed for three years to get the threatened IPO away why don't we sell our stake or some other asset if they are that valuable to stop the dilution.
Sadly all our assets are for sale but no interest.
No not from me.
I'm all in on the Helpful cost of $550 per ounce which he has now been lowered to $300-500.
My only post was the cheapest gold in the world has an AISC of $1000. A big FASO mine has an AISC of $1100.
Our expert insider says AISC not relevant to us as we don't need financing. Make what you want of that statement!!
The rate of tax in FASO is 43% comprising a mandatory 10% government holding 7% royalty 25% corporation tax and 1% social tax.
None of this matters to FASO as Helpful says the costs are just $300 -$550 per ounce.
It's laughable.
Talkinto it's called ten years of failed promises. No one buys into the next promise.
Let's hope they can gather enough momentum for the placing guys to escape :)
Maidit - I know you are not the sharpest knife in the block but the owners of the new shares sell them into the rise !! That's how it works.
Remember five Chinese buyers, first Lithium exports, Bell visiting DRC. All massively sold into.
Will the next news on FASO cause a rise ? Lots of PIs skeptical after too many false dawns and others desperate to get out having invested on previous spike.
Absolutely compelling watching. Can Bell finally produce BELIEVABLE news that gives it a sustained rise. The jury's out.
Punpky he brought and will sell for the normal 20% gain whilst materially misleading posters about prospects..
And the idiots on here talk about us being shorters.
They can't see past the end of their nose the only person taking them for a ride is Helpful.
Maidit - don't get confused by the volume 3.4m on your proper sell.
Bell has bombed the price so badly its worth just £1,800.
In Jan 23. That volume was worth £35,000.
Criminal destruction in value in such a short time.
Still admin cost to be met !!
Fogthemogg - just reviewed your last thirty posts. Happy to take an alternative view but every one is negative on a whole host of companies and unnecessary personal to multiple individuals.
You strike me as an individual who could cause a fight in an empty room. Good luck with whatever you choose to invest in.
The same revenue with Helpfuls informed all in cost of $550.
Means $160m per year profit for RRR. NPV let's say a billion.
Not bad for a licence that cost £72k.
Clearly RRR will soon make up for twenty years of failure.
We had similer debates on Lithium but never mind that. All about FASO now
Love it revenue tens of millions a month !
Let's say a modest $20m so $240m a year.
Gold at say $2,350 so he's revised his forecast from 5,000 ounces net to RRR to 8,500 ounces a month to RRR.
It's absolute Walter Mitty rubbish.
And meanwhile Bell is going out there as he trusts no one with the gold (Helpful comment) wow !!!
I know Lundy is an absolutely awful investment advisor but with these predictions he sounds about six years old. The comedy from his utterances get better.
Remember the same man said 1-5 million tonnes from Tin Hill it ended up 200 tonnes and we lost that. The bar is set very low for FASO.
Up 63% YTD.
Remember when Bell said we would keep them in perptuity to get a couple of million dividends a year.
Instead we sold the goldon goose and squandered it on admin and poor investments.
RRR has never got anything over the line in the many years I've watched it. FASO might be different but the holy trinity of Lundy / News and maidit seem to think FASO is home and hosed.
Helpful has set the standard by his pronouncements
- 5,000 ounces net to RRR
- $550 costs per ounce
- 1,100 tonnes per hour throughput.
Just like we should judge RRR by its Lithium exports we can judge Help by his numbers.
Love the optimism.
FASO minerals laid accounts in late March for the period to 30th June 23.
They spent £71,352 on the licence and have £208,770 in creditors. Net liabilities £137,418.
I think you need a lot more information before chucking around $10m valuations.
Let's see what the next RNS brings.
Quiet on DRC and 200 tonnes I almost thought did they ever happen ? Let's hope FASO fairs better and is not a similer mirage.
For the public record Helpfuls FASO numbers.
-5,000 ounces net to RRR
- $550 per ounce cost
- 1,100 tonnes throughout per hour.
Let's hope he's closer than his 1 -5m tonnes Tin Hill quote [ curtesy of Zumore]
Kenya has been mothballed for 15 years.
We owe Kansai $1m and have for years - paid for wait for it out of DRC cash !!!
Nothing will happen in a day visit he's just in transit.
Helpful on 20 ounces a day net to RRR. Means his 5,000 ounces takes ten months.
I would be truly amazed if we achieve that. My target is a more modest 5 ounces a day net to RRR.
Never been wrong yet on any of the hyperbole. 200 tonnes of Lithium lol !! Might be wrong this time. Time will tell. But we should all agree RRR allways dissapoints. Its a hard habit to break. First time for everything though !
Yes Dukey
The absolute nonsense that H5O spreads about shorters, is eye watering in its ignorance.
The major PIs who partake in the placing have been playing RRR for years.
They allways sell into the rise.
When they don't we will actuslly know RRR has found something and is on the up.
Unfortunately been playing this game for too long and 4 billion shares in issue means 0.2p will never be hit again leaving many underwater.
Big question is FASO is it the real deal or more Helpful bravado ?
Fascinating to watch.
More useless links.
Closer to home our resident insider was chucking around some eye watering starts for production ramp up. Tem days trucking one day flying in kit allready on site. I may be mistaking but can anyone remember did he say production by the end of April ?
Bensi - the filter button is ready made for Rookie and Jeff.
I actually forgot they existed until you mentioned them !
I think i prefer Helpful ex military expert offering his view on geo political crisis.
I don't think he will be right on the Israeli response but he has more chance than the normal fairy stories. 5,000 ounces net to RRR soon, cost $550 and throughput 1,100 per hour !!