Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To be fair AIM
I am on record as saying
- $5m net and more from DRC and I will apologise.
- if we see 0.2p again for a consecutive week I will retire.
- Lithium is my favourite I'm not sure the 200 tonnes exists and was just a let me down for the mugs after the hyperbole. I will.masively apologise if it gets exported.
Helpful will promise nothing.
Thought I would give the cheerleaders a day in the sun today. They need it :)
Helpful - I'm far to interested in this share to do that. I also need to keep you the insider in line
- 1,100 tonnes per hour
- $550 costs
- 5000 ounces.
1 - 5 million tonnes from Tin Hill - why would the Chinese show up otherwise.
This share and you in particular are comedy gold.
And just as living proof as it does sound far fetched here it is.
Stranger things have happened.
https://www.proactiveinvestors.co.uk/companies/news/108559/red-rock-has-less-of-a-crush-on-sugar-dragon-108559.html.
Another lucrative prospect for RRR in FASO.
For those that have been here long enough will remember candy crush. RRR dipped its toe into the Chinese sweet market !!
https://www.observer.ug/index.php/news/headlines/80989-unexpected-strawberry-crop-spins-burkina-faso-s-red-gold
Yes Boris - debt is increasing and will be over two times market capitalisation.
I do think receipt of a reasonable amount $5m after expenses from DRC could provide a catalyst for SP growth but it will be capped by 3.6bn shares / loads of warrants and options the POW deal, people escaping and finally the historic propensity of the company to issue shares into any rise.
All these factors for mean RRR is not pari passu on an equivalent footing to other juniors. Others will disagree but the evidence is pretty compelling.
- DRC imminent. RED
- Judge us by our exports . RED
- Delivering shareholder value RED
- Deliver royalties through are Tripeler subsiduay - RED.
- Income from FASO by end of June- AMBER / GREEN.
Rishi is doing better. But time to catch up.
Key numbers on pledge five to look out for
- $550 all in costs !! Difficult when tax rate is 44%. RRR has £27m of losses but not eligible here.
- 5000 ounces net to RRR sales
- Throughput eventually of 1,100 tonnes an hour. All courtesy of our useful insider Helpful.
Interesting week.
The fact Bell doesn't trust anyone with the gold except the magic circle trio also does not instill much confidence.
Still fair play to Mr Bell for going to FASO not everyone's cup of tea.
All in my opinion of course and a nice change from a News post.
You forgot 44% effective tax News - makes a hole in the numbers..
Helpful plucked the 5000 ounces out of thin air - the RRR presentation refers. Just like he plucked £550 costs and 1,100 tonnes per hour out of thin air.
I had to unblock news for a minute to understand this drivel.
So I allegedly posted that Bell was a Public school Mbele. [ I'm wetting myself typing this ]
I did not post anything like that word.
Like magic the incriminating Mbele post dissapeared.
News has found its a Congelese town and surname.
That naturally leads to I trained with KPMG so the latest theory is. I'm based at KMPG Kinshasa. I've let slip the secret word Mbele and the cunning plan is to thwart the $420m bigger claim. I head the master plot.
News is pickled but the fact Lundy and HSO buy this nonsense is superb.
I would strongly reccomend you prepare your files and present to Mr Bell and contact KPMG DRC with this evidence. It's compelling.
Well done News I've been rumbled :)
Am I getting warmer ?
I work in DRC for KPMG ?
I'm a bit long in the tooth for that ! When I trained the big four were Peat Marwick McLintock. Deloite Haskins and Sells, Ernst and Young and Arthur Anderson.
Love it.
So I'm not a shorter now but I allegedly work for enermies of RRR in DRC.
Seriously you could not make this stuff up.
What's this term only used in the DRC that I'm supposed to have used ?
I have News on filter.
Good luck with your enquiries.
AIM - I've no doubt we will make progress big questions around production, profitability and the profit share arrangement between Riverstone and RRR.
Let's see what happens but as ever here the hyperbole exceeds reality.
To be fair to RRR and Andrew they are more measured in statements than usual its just Helpful that needs reigning in. Interesting few months.
Certain sounds more promising than the 200 tones Lithium fiasco ( Helpful 1 - 5 million tonnes :))
" In economics you produce until marginal costs = marginal revenue"
Proper mining companies consider metrics like alternative cost of capital, net present value, internal rate of return. All of these risk weighted as FASO has an unstable political and security situation. I'm afraid you need to go back to school with marginal revenue and costs.
I can see you are back peddling on the $550 nonsense. "What does it matter if the costs are $550 or $800m. Cries Helpful realising he's been caught out yet again.
It matters principally as you particularly are an insider and have a duty of care to others on here to use probably considered comments. Fortunately there are many on here to call you out.
" Seondly there is no cost of finance as Sam the man owns the kit"
SAM won't be stupid and will be recovering the cost of his kit from the gentlemans agreement he has with RRR . He's not a charity.
Also current effective rate of FASO taxes -is 45% corporation tax 27.5%, 10% mandatory ownership 7% royalty at these gold prices 1% community.
On its own that's more than the $550¡production cost quoted by Helpful.
It needs properly costed numbers like West African Resouces not Helpful throwing out numbers he likes to ramp this share.
So far :
1 - Our Faso operation will be processing 1,100 tonnes an hour !!! He's been called out by numerous posters. Its a ridiculous statement.
2 - We will soon be producing 5,000 ounces net to RRR. Sounds like a judge us by our exports promise.
3 - The all in cost is likely to be less than $550 per ounce. Lets consider that last Pinocchio :)
One of the largest producers in FASO is West African Resources.
There KiaKa prospect is huge but similar to us in terms of open cast but monsterous in terms of scale. Pulled straight from their presentation.
Slide 12 - tax 27.5% Govt participation 10% equity, 5-7% royalty 1% community fund. 42-44% take.
Slide 13 - All in costs of production $1,052. They will have a huge advantage in terms of mechanisation / economies of scale compared to RRR.
But Helpful would have us believe our all in costs are less than $550.
Some of his ramping as an insider is really brazen. DYOR but its here in black and white.
I'm no Petroleum or gold expert but what i specialise in is calling out and highlighting Helpless bulls*it.
Enjoy the weekend all
https://wcsecure.weblink.com.au/pdf/WAF/02786344.pdf
Don't need to be a Petroleum expert. Rather long suffering holders actually judge you / RRR by results.
Merely notice that I think RRR swapped its Ltd share for Corp shares I think in May 21.
An IPO we were told was in the next few months summer 2021.
Very much in mould of DRC massively over promised and undelivered. Three years later we are further away than in May 21.
Don't need to be a Petroleum expert just have a modicum of common sense.
Any more ridiculous FASO numbers this morning ?
So lowest production costs in the world are circa $1000.
RRR of course might be lower than $550 !!
Very busy last night.
The theory expoused by H5O is anyone posting this much relentlessly on a minnow like this must have an agenda. Perhaps he's paid ?
HSO you are right it did surge more but more like 20 fold ( not 40) off the back of the commodity cycle in 2006. Yes I was there. BUT it only had 100m shares.
With a 15 to 1 consolidation Bell has burnt through 100 billion shares and accumulated £27m of accounting losses. His brief period in the sun started and ended in 2006. Since then nothing at all.
We now have 3.7bn shares. Warrants and a POW agreement for billion more. So probably 6bn shares. It will never see 0.2p again too diluted
Just a few cautionary points
Burkino Faso has
- 7% royalty tax on gold
- mandatory government ownership of 10%
- 17.5% corporate tax
- uncertain rules against mandated use of a new government refinery
- strict uk rules about remittances [ its on the additional measures list]
- is a seriously dangerous place to do business.
Im here to counteract Lundy posting nonsense about Burkino Faso after the rubbish he posted on ALR.
We should make around $1,800 an ounce. That makes the all in cost $529.33
Wow that makes RRR by some margin (sort of $500) the chepest gold producer in the world, and these are guys with economies of scale.
More Hyperbole from Helfpful a sniff of five Chinese byers and 1 - 5 million Tonnes from Tin Hill.
Its rubbish and comedy gold.
https://www.kitco.com/news/article/2023-12-22/worlds-lowest-cost-gold-producers-q3-2023-report
Zumore he does RRR more damage then any of the bashers. What rational person would invest with ridiculous numbers like that being banded around.
To be honest I don't know about me having to legal up but any PI investing on reading that and knowing Lundy owned 10% of ALR would have an interesting case.