Member Info for briarbank

I jumped RRR 2 WEEKS AGO. Been invested at least 10 years ,lost over £100k.

And MORE recent big share holders like Peter G. Sold just about mid July.

But Magic's figures come from last 1/2 year report are correct. Castles built on sands. What is jutifying this SP RISE I have no idea.

RRR have been waiting 5 years for licences , so no virus effect until recently. Todays RNS said.............................. "Government and other offices are not working at full capacity and the curfew has acted as an inhibiting factor to domestic" Its politics that is the problem. And always has been...........

JMS royalty cont. $4m when approved to go into prod. And the remaining $4m when in production. No guarantees yet.

Migori licences? AB has often thought that licences approved. As he has been recalled by the mining minister, and has flown out business class to Nairobi. But all to no avail.
Jupiter Royalty. AB DID A GOOD JOB HERE. Selling 0.75% to AP. FOR $14in . Payable in 3 tranches.. The first paid $6m in 2012.

Longterm You have a real money spinner here, having bought at sub 0.2p Plus you get to buy shares at only .6p until December. But you are in no hurry to take up the offer as you are getting 1% cash back each month.
Where o where would boni fida banks give yo 12% pa. interest. 0.5% PA IF YOU ARE LUCKY.
It's the risk factor...............but that said, you have and all the other warrant holders a fantastic deal.
BUT BOTTOM LINE .................WHERE IS AB getting the money from? He must be borrowing it himself.
Certainly not from JUPITERS'S Div's

RNS 17/5/2015

Red Rock's local partner in Kenya, Mid Migori Mining Ltd ("MMM"), has today been advised by the Ministry of Mining of the termination of its Special Licenses numbers 122 and 202 ("the SLs").

It's been over 5 years since Kenyan Dept.of Mining revoked MMM/ RRR licenses. It is politics. RRR have to pay its MMM partner over £3m If it gets the licences back. AB has been promising the return of these for years...............
But RRR market value is much less now. AB has never revealed how much he has spent to date on court costs.

Steelmin:- AB should have informed market when it went into admin. RRR INTEREST WAS 22%. And it lost a further £1.2m it loaned the company trying to rescue it. But energy costs made it uneconomic.
Melville Bugt; A complete disaster. Wasted $6m of royalty income. And more.

Down 13.5%

Up yes, but not today. 13.5%

Helpful..........I am well aware that artisanal miners who have been on site, near to El Limon, for generations have signed an agreement with PARA to process/extract the gold from their own mined rock . But even that work has stopped, as centrifuges are being upgraded. So who ever supplies the rock, NO PRODUCTION OF GOLD.

El Limon owners since RRR , Para, now Soma.

" The Company (Soma) is expecting to commence production at its underground gold mine El Limon and mill in Q4 2020."
https://www.somagoldcorp.com/
And with gold now over $2000 an oz.

isdeer .................It may surprise you but RRR was valued at > £30m when its JMS holding was 4% and valued alone at $25m
Just before it bough 50.1 El Limon for $5.25m

ZUMORE.............You are correct. That deal with Kansai has troubled me for years

Patience............ RNS 19 Sept Migori licenses.
Andrew Bell, Chairman of Red Rock comments: "We are entering the last stage of what has been a lengthy process, and thank all involved

When given I KNOW RRR will have to pay ca. $2-3m its old partner MMM

I didn't see this SP rise coming. If only I waited 2 more days. To sell my last tranche. At least I am sleeping better now.
But what about a 3million sold early this morning at 0.485. If he had waited just an hour.............to get 13% more.

I wonder what the MM's see coming. Migori has been 5years now, since licenses cancelled. Victoria state is in lockdown. So is DRC. I thought that another equity raise was forthcoming. As licenses cost . And AB hasn't called for one for a long time now. Perhaps a RNS tonight

Parkinson's disease. It's progressive . It 's *****. OVER AND OUT.

I am assuming that your last post ref. 18.08 was not directed at me?

After 10years I am out. The last batch was the 403200 sell.

Have I lost £? yes about 97%. I have lived through EL limon, Melville Bught , Shoats Creek, Elephant oil,, Ivory Coast, Steelmin, Migori licences, and now Ausi Victoria state licence applications............But what I wont do from the sidelines i to spend hours daily , constantly like Magic and Zumore.. Have they been right, yes, most of the time.
Over and out......................

No RGM, but still RRR. And yes , although not sold since 2010, massive paper £ losses. I have been close to 3% during Greenland's exploration. And remember when RRR had 4% Jupiter , which was valued on the ASX at over A$ 40m and RRR 's market value was itself > £50m in 2010,

Missing gold from El Limon?

Yes I do. AB blamed the site manager.
Mr Magic & Zumore . Yes I am still a holder of RRR . Unlike Peter G.

Had to come back after all the reminiscing. "I remember it well."

That said.............Whatever happened to Co/Cu exploration in the DMC . A "sweet" spot right in the middle of FTSE 100 majors?