Member Info for briarbank

with debts, inc, YA's alone remaining of $1,17m...............more than MC. The cash raised today will be gobbled up just keeping the lights on/rent paid, and retaining office staff.
Good bye RGM...............

peanuts...............

22,571,428 @ 0.35p = £79k (before expenses)

Just take a look at this published article from 2012
https://www.blountcountian.com/articles/mining-suspended-at-rosa-mine-mcoal-future-plans-uncertain/

just out. RGM's cant be far behind.................

https://www.rrrplc.com/wp-content/uploads/2018/11/2018_RRR_AR18_FINAL.pdf

AB is today in DRC. And then on to USA next Monday.......<br />.<br /> On Tuesday he tweeted................. <br />" I go to Jupiter mtg at 2.30 tomorrow. I fly to DRC at 9 pm tomorrow, arriving 1310 Thursday. I meet CEO of Gecamines that afternoon. Next day I either go with geos to Office of GEODIR Gecamines at Likasi, or save myself for the debrief and do other stuff. On Sat I fly back arr 0700 Sunday. On Mon I fly to Charlotte NC via NY driving on next morning to coal mine in VA. Then I arrive back in time for my sister's induction as a lay reader on the Sat before going on hol to Croatia on the Sun"

ColinH100: My losses are even bigger than yours. I keep hanging on.
RRR's own Jupiter shares are now worth more than current Market Cap.

And I remember RRR selling ca. 40milion Jupiter shares at a measly 7c. to clear a £2m loan from Global Now worth over 6x as much. .

Can confirm, talks with SA gov. today, were successful

HALT over!

Agree, but Steelmin and Jupiter are completely out of RRR control. So any progress is not determined by RRR management

That said 5 years in Kenya, proved successful with a JORC for 1.2moz. But politics stopped further work. Court case on going.
But Melville Bugt Greenland exploration over 2 seasons was a RRR disaster.

http://www.valuethemarkets.com/index.php/2018/07/23/red-rock-resources-rises-bosnia-plant-reaches-commercial-production-rrr/

your quote "months of testing without revenue " How do you know? Reliable source?

AB's slot starts at 5min 20sec. 3 income streams, hopefully 4. 1JMS divi. + buy back. 2. El Limon 3% royalty up to $3m +lump sum $750k + int. due 2/3 weeks 3..Steelmin To start prod. very soon, ($400k profit on back to back loan. 22% equity. 4.watch this space https://www.youtube.com/watch?v=m7QcSAV46S0&feature=youtu.be

Zumore ref.Kenyan expenditure? Your fig.of $10-12m is close but.........I distinctly remember AB proudly saying in a Mining Conference that RRR had spent the equivalent �10m � not $. That is why AB tweeted me only last week in ref. to progress on reinstatement of Migori licences that " RRR are not letting go" I understand he is in talks with a "major" JV to open a mine, once licences granted. My own guess is Acacia and Nyanza.

Zumore your slipping............. you missed asset updates on Shoats Creek and Elephant Oil. ps Migori licenses tweet from RRR Friday, asking about progress their reinstatement Replying to @johnwin83515312 RRR is not letting go

To quote "As expected, holders locked in for 4 yrs with book prices as low as 10c or less sold some JMS at c40c on opening day on ASX. So I won board sweepstake on day 1 closing price. Does not mean not super positive though!" And "JMS closes first day trading on ASX at 40c in high volume trading" investor JMS video https://www.jupitermines.com/cproot/794/3/20180418%20JMS%20-%20Investor%20Presentation%20April%202018%20FINAL.pdf

To quote "As expected, holders locked in for 4 yrs with book prices as low as 10c or less sold some JMS at c40c on opening day on ASX. So I won board sweepstake on day 1 closing price. Does not mean not super positive though!" And "JMS closes first day trading on ASX at 40c in high volume trading" investor JMS video https://www.jupitermines.com/cproot/794/3/20180418%20JMS%20-%20Investor%20Presentation%20April%202018%20FINAL.pdf

Goldstone warrants.............they were due to expire at the end of this month (28APRIL) Good timing..............holding off for nearly 2 years.

Probably Goldstone, selling part of their take up of 21m warrants AT 0.66p RNS 13April 2018. Giving RRR �140K. And offered by RRR RNS 28 April 2016 Part of deal when RRR bought a 9% stake. RRR have since sold all, at a profit. So you cant blame Goldstone. Nearly doubling their stake, and waiting nearly 2 years. RRR SP will weather this I am sure.

zumore. as a long term investor in RGM/RRR , ALL I WILL SAY............TOO TRUE. but still holding out for a miracle.........eg. Steelmin, JMS to go public next week. Migori licenses returned , DRC Co etc.. Having to sell 0.2%, still hold 1.% And once upon a time RRR held near 5%. (selling ca. 2% for 7c. to pay off a Global loan)

just in case anyone missed the "significantly" oversubscribed news from Jupiter. Listing on ASX 18th April. https://www.jupitermines.com/cproot/779/3/20180412%20Jupiter%20On%20Track%20for%20ASX%20Listing%20on%2018%20April.pdf RRR has ca. 23m shares. Having TO SELL 20% OF ITS HOLDING for 40c Proceeds next week. Expect shares to soar on listing..........reason? Excellent dividends. RRR has had $734k in the last 6 months. So even if the share price remained at 40c (very unlikely) RRR would have instant equity of over A$8m. ps And there is more............another $840k (inc int) is now due from a RRR promissory note selling El Limon to CML now PARA.

Quotes in this weeks SarajeovoTimes STEELMIN "Paid off debt 4.3m euro" (to RRRas we know) " "to employ hundreds of people" and I like this bit "Production WILL start in April. http://www.sarajevotimes.com/top-10-business-events-past-week/