RE: RRR18 May 2025 13:51
Latest set of accounts Vast’s group liabilities stood at $30 million
Vast mkt cap £12m
RRR mkt cap £2.25m
They have the historic parcel of diamonds , which the valuation is unknown
RRR have the Arbitration so if RRR get what is rightfully theirs it’s $10m for stage 1
We know they have also been awarded $2m for costs
But what if it’s more ?
Back in 2021 RRR submitted a claim for $11 million for interest and costs
So what would the claim stand at today with a further 4 years of interest and costs ?
What about loss of profit ?
Is the asset worth more today ?
With the stage 2 , $420m - it’s clear this would have been a game changer and transformational asset for the company
So what is stage 2 worth to RRR from Glencore
We know AB has stated they wouldn’t go down the same route and have already taken legal counsel
So what if step 2 has an agreement in principle ?
We have had a blackout of news, doesn’t mean to say there has been no developments or progress across the portfolio
What if there are a number of transactions pending and once the arbitration is concluded we get a detailed update
DRC JV - self funded , large framework , AB has stated previously in interviews comments made by in house country manager Richard - size of this and potential to the company dwarfs stage 1 claim
What if they have had a JV offer to finance BF with more plant and equipment to accelerate as the POG is high for a near surface high grade asset would be highly profitable
16 units @ 6tph @ for 10hrs per day @ 2g/t
Produces 1800 oz per month
Or
21500 oz per annum
@ $3200per oz
$69m revenue
Slide 12
https://www.rrrplc.com/wp-content/uploads/2024/04/2024.02.29_RRR_Burkina_Faso_Alluvial_Project_Presentation_2.pdf
Same for CI which was expected to follow the same route as BF with the same production
Kenya - 725k oz resource , would be £15m +, what if they have issues Have been addressed and a buyer sort ?
What if oz gold licence areas have improved offers ?
We know EL is due to restart production in June so royalties due there after to the company
So “anchor” you say
There’s plenty of potential catalysts whether it be on asset sale , JV or potential quick start up production and meaningful revenue from DRC or BF
With a micro cap £2.25m the right news and this could serious multi bag
I added more Friday morning and could sell all in one go ,thats 72.5m shares
So who wants the shares ?
Who’s quietly hoovering up stock building a large stake ?
Recent online buy/sell limits suggest a change in sentiment and the chart , suggests a trend reversal pending