Member Info for eshaitan

If it gets to a penny more people will be happy! Fair value has to be higher than that, it will be an interesting few weeks.

With 62k in the bank it looks like the rest of the Jupiter mines stock will be sold down. If elephant oil lists soon I would expect that to go as well as non core. I can’t see POW shares being traded just yet with potential upside in Australia but could be wrong. With 1.6 million in liquid assets it’s not looking too bad.

The drilling is obviously munching up the cash but I’m pretty relaxed that Kenya is still worth more than the companies mcap. NBGC might be as well. As always though my feelings are will any of these territories going to come into production or should they be sold off to concentrate on Australia?

I was hoping Andrew Bell might actually pull something out of the hat but not surprised he hasn’t.

Hopefully January should be better for news flow.

In layman’s terms the board just said

Merry Christmas ya filthy animals

Let’s see what happens by the end of Jan. more delays on financing anyone?

Interesting. Shame the drill assay results from Ireland are not back in. So 51 holes drilled, 29 of them hit the main vein and possibly 41 altogether so that bodes well fir a big resource upgrade.

Another 50 million quid to finish the mine and we only have just over 20 million in the bank so let’s hope financing is an option. It should be if the test results are good and they can increase the resource to a couple of million ounces as they have indicated in the past as being feasible.

Thanks for the link helpful. We may disagree on Andrew Bell, but I think we both agree this company is very undervalued. Should be a good 2022.

I’m also waiting for drill results back from Aex gold. If that takes up I think I will be selling some and topping up in RRR.

This being aim forget getting someone competent, just put a ramper like David Lenigas on the board straight away. We would see 3p by Christmas….

Drilling results have to be soon has something potentially leaked?

I will try not to read too much into it, this could be massive or it could just fizzle out.

The only thing you can take from these interviews is that NBGC is progressing and should start drilling this week.Kenya drilling for at least another year by the sounds of it. Considering the past history of this asset increasing the JORC reserve and disposing of it ASAP would be sensible. I wonder what they could get for it?

For some early drilling results.

To be fair to Helpful Bell has said several times once this spin off has been done it will be worth more to RRR than the current market cap. And he has stated that at a higher share price than now.

A year ago I think he would have been right. But I’m still hopeful it could be worth 5 million to RRR even without drilling results. Otherwise I would have sold out by now.

Todays RNS confirms it. Yet is currently being valued at next to nothing in the market cap. That shows the faith the market has in the current management of RRR.

Still I have held this long, maybe he will spin this out before he gets voted out.

Good. Shame it has missed the rush into gold stocks we saw a year ago, but it’s nice to have an asset in a safe jurisdiction.

I’m still impressed with the progress. Short term we should get

The report on the bulkhead and any remediation work needed.
The engineering report on nalunaq and the costs to get the project underway.
Some drilling results at Nalunaq.

But only the drooling results will move this to any degree. Could they get a few million ounce resource as they suspect or will it be far less?

It’s still a coin flop whether Andrew Bell has any part of this company by the end of the year. It doesn’t look like elephant oil will be listed by then or the Australian assets spun off. I think these RNS’s are an attempt to show him doing something but he is running out of time.

Interesting presentation. Should hopefully start to get drill results back next month.

Good on them for finishing the camp and procuring do much of the processing equipment. They must be very confident on the drill results expanding the resource.

A positive argument might be tulu kapi is so far away from any front it’s progress will be unaffected and if Harry does complete finance it’s so undervalued at the moment investors will make out like bandits.

On the negative tack I have heard Harry say before if is wasn’t for state of emergencies they would be in production by now. What’s to stop this 6 month one stopping the project as well? Did I read this short term finance had to be repaid by end November this year of shares need to be issued or can the Liam be rolled over? Also if further security was needed to progress Tulu Kapi how can these soldiers be spared when they are already conscripting past veterans in the capital?

With a news blackout and no hard facts it’s really hard to see where this is going. I’m still holding but I would say thee we best case wins at the moment for a short term completion, especially with governments advising against travel to the country. I can’t see how the government couldn’t extend the end of Hanuary deadline though considering the state of the country.,

SOH is turning into a menace, winnifrith called this a couple of weeks ago. If you wasn’t placing out shares to subsidise opti this would be far higher.

As objectively as possible, would we be better of today if we had already closed the financing and Tulu Kapi was in construction in Ethiopia?
A. Hard to say until we have seen a resolution to the current Ethiopian political conflict and related. With hindsight, all that might be said is that no one would want to have borrowed for capital expenditure and then not have a clear run at construction and start-up. Be that as it may, a mediation process has for the first time been approved by both sides to the political conflict. We believe it will be successful and, when that occurs, we can move forward with our clear roadmap to start-up.

A placing would be Harry admitting defeat on the financing and not being able to get the share price to 3p by the end of December to secure his bonus. A small placing after 3p would be find by me.