Member Info for Helpful

Https://x.com/TaviCosta/status/1824540759779053651?t=kP6ltnmlDgOcTNGpip_aIg&s=19

DYOR

How long to $3,000?

DYOR

$2,504.99

😉👍🤪

News, what was the question?

My view is that RRR/RRAL have the phone ringing off the hook.

Given what SXG has been publishing and the movement in the gold and antimony prices, I would be surprised if RRR/RRAL didn't have multiple suitors looking to do a deal.

Whatever RRAL was worth when RRR did it's deal for 100%, it is now worth a multiple of that.

Let's see what next week brings. The main issue is that AB needs to close a deal and not mess around looking for a perfect deal.

This could and should have been sorted 3 months ago but things have worked in RRR's favour.

DUOR

$2,499.57

Close enough?

News, you are making assumptions. It may be that only a conversion of £20k was requested and so no issues about "agreed" etc.

If it is going to an ISA (likely) then the trade will show up next week some time.

The reason for the CLN is risk mitigation on the part of the investor. If a company can rise money at a good price in the market, it wouldn't issue a CLN. Not surprised that GGP said no.

DYOR

NB i meant $2,500 below.

Now $2,496.

Fingers crossed.

DYOR

No doubt you will buy in, you know you being a man of your word, a man of principle and all that good stuff. Reminds me of that joke, "these are my sincerely held beliefs and principles and if you don't like them I have others".

"We intend to report an operational and financial update covering developments in the Company's business in the coming days."

Https://www.reuters.com/markets/commodities/antimony-prices-gear-up-new-records-china-export-curbs-2024-08-15/

Antimony is possibly now hotter than gold.

DYOR

I refer you to my earlier answer:

News, people want to have it two ways. If RRR had to raise £250k, either in equity or a loan or a CLN it would have to offer terms. Equity would have to be at a cheap price and would trigger further liabilities to POW re the RRAL transaction. Further, why pay for something if you don't have to? Time cost theory of money and all that good stuff. No rational business person would pay for something before they had to.

Anyway, why are you bothered? Blue Balls says it is all lies and Mr Super Accountant reckons none of RRR's gold assets has any value. Maybe you should bother them and not me?

DYOR

$2,484 and heading north.

$2,450 would be nice.

DYOR

News, people want to have it two ways. If RRR had to raise £250k, either in equity or a loan or a CLN it would have to offer terms. Equity would have to be at a cheap price and would trigger further liabilities to POW re the RRAL transaction. Further, why pay for something if you don't have to? Time cost theory of money and all that good stuff. No rational business person would pay for something before they had to.

DYOR

The funny thing is that given events in recent days, it may be that the antimony is now more highly valued than the gold.

https://stockhead.com.au/resources/resources-top-5-hillgrove-kicks-on-back-of-china-antimony-ban-as-juniors-of-hard-rocks-rise/

DYOR

I see another "RNS full of lies" is out. Blue Balls assured us all that RRR was not in discussions with anyone and that it was all made up. Obviously, he knows more about these things than the company does and we should take his views on the matter more seriously than the Company's.

"NDAs have now been signed with various potential listed partners. With the help of our advisors, we are discussing possibilities for a listing of the assets."

Don't forget that we have to take Mr Super Accountant's views into account too: he reckons that none of RRR's gold assets has any value: so it must be true, you know him being Mr Super Accountant and all that.

DYOR

Madri Boy; according to you it was three successful trades

News, not quite. If you looked at the AuEq figure about half the value was in the antimony. So let's suppose they say that the gold is 3g/t and the AuEq is 6g/t, that means 50% of the value is in minerals other than gold. In the case of Sunday Creek that 50% was in the Antimony. DYOR

Hey, maybe your week's lunch money is safe and you can stop squealing? https://x.com/ZephyrEnergyPlc/status/1824091037196836996?t=_cZTcsSiVpHsxbAzFQlYqg&s=19

DYOFR

News, you are not allowed to question anything that Mr Super Accountant says, after all he is an accountant. So RRR's gold assets are all worth zero for two very good reasons: first they are owned by Red Rock and secondly, he said so.

The fact that non-producing gold assets are bought and sold all the time is just flim-flam.

DYOR

Https://www.listcorp.com/asx/as1/asara-resources-limited/news/asara-divests-burkina-faso-asset-for-us-2-2m-cash-3055690.html

https://wcsecure.weblink.com.au/clients/asararesources/headline.aspx?headlineid=3646868

https://wcsecure.weblink.com.au/clients/asararesources/headline.aspx?headlineid=3635769

DYOR