Member Info for Helpful

The sun is out and the weather is okay, not too humid. Surely, you should be on the rampage early doors?

Dukey, very surprised to see you on here.

Yep, RRR is in a very good place. It has more of the dykes at Sunday Creek than Southern Cross Gold: just check out the map. There is gold, antimony and likely hydrogen there along with rare earths. We are not far off starting production at BF; likely both at Bilbale and at Boulon. We have lots of gold assets and a still hot gold price. I expect that Soma Gold will announce its final arrangements for the restart of the El Limon mill shortly. Gold is at $2,336: I remember you wetting yourself a few weeks back when you thought it was going below $2,200.

DYOR

Sorry trolls, I know you all like facts so here we go.

The quoted spread is 28.571%. The last buy went through at 0.0407p at 11.25. Total sells less than £4k.

DYOR

Https://x.com/minenergybiz/status/1805517337740636310?t=by7B1aawe46KyMWzns3LWQ&s=19

DYOR

Https://www.southerncrossgoldcommunity.com.au/environment/antimony

DYOR

Https://en.wikipedia.org/wiki/Stibine

They reckon they have 30%

DYOR

Just in case anyone missed this...

https://m.miningweekly.com/article/waf-draws-down-265m-loan-to-build-burkina-faso-gold-project-2024-06-21#:~:text=%E2%80%9CWAF%20is%20on%20track%20to,executive%20chairperson%20Richard%20Hyde%20said

or this one..

https://www.koulougoldcorp.com/news/koulou-gold-announces-strategic-investment

DYOR

Https://x.com/TaviCosta/status/1804527059818955246?t=JBDaIRKXp7sxC7EDPSF1-g&s=19

DYOR

To remove a director first a GM would need to be called. To call a GM you need to hold or have voting rights 5%+ of the Ordinary Shares. The resolution to remove a director would have to pass by 50% + 1 of those voting. It is not happening. A GM is not being called and the resolution is not being passed.

DYOR

Some people don't like being called out on being wrong and hold a grudge.

Anyway, we should have news inbound shortly. For instance, have the geos done the geochem over at Kilmore? Has the Aero-mag been commissioned? Do we do just a little bit of the structure or do we Aero-mag the whole structure?

DYOR

274,000 km2.

https://en.wikipedia.org/wiki/Burkina_Faso

It is a large country.

The UK is 134,000 km2

DYOR

Https://x.com/garysavage1/status/1804104122947207237?t=C9iQe-yfv-o17qYtY24THA&s=19

Sideways is fine for us. $3,000 at year end would be wonderful.

NB trolls, 1. It is not my chart and 2. I am not a Chartist but it is another data point from an influencer. If enough people believe it is true, it becomes true.

But as always, since you ain't invested why are you bovvered?

DYOR

I did look in in ADVFN for a while but if this place is bad then the other is the worst asylum ever x 10.

Unbelievable, bloody spell check: last time, Padron.

PS bloody spell check... Pardon not Pardon...

i apologise, much against my better judgement, i watched some of southgate's **** up and then i went to sit in the sun with an italian friend of mine and some albarino. i learned far more from my italian friend than i ever would on here and the albarino was pretty good too. probably the saltiest pardon peppers ever.

anyway trolls, does it not tell you something when your main concern is that someone else has not posted here for a couple of hours?

$2,364 now. A good time to be starting gold production.

$2,348

Will we get $2,350 today. It seems the rise stimulated by the prospect of US interest rate cuts this year. That being the case, we should get $2,500 some time this year

DYOR

News, the small trades are commission free executed via sites like Ron Hood.

One of the issues about spikes is this; what is a spike and how can you tell it is not a re-rate? Some re-rates are rolling re-rates over a period of time; we could have one if the news on Bilbale is as expected. For instance, let's suppose FASO manages to produce 1/1.5 kg per day of gold and it becomes apparent this is not a one off event but can be sustained, at what point does the spike become a rolling re-rate? What price does RRR go to?

Usual EBITDA multiple is 9. In a hot market 13. Let's suppose because it is Burkina Faso and Alluvial the EBITDA multiple is 3: where does the SP go to?

As production is maintained, does the multiple move to 9x?

See the problem? Where is the spike in all that?

DYOR

Statistically the hardest thing to do is market timing: anyone in investment management knows that. On an individual stock it is harder.

So how will you to buy and how will you know to sell? Which driver will you buy on? How much up is your prognosticated spike? How much the spike do you intend to hold for?

In my experience PIs will never buy at the bottom and will never sell at the top: fear and greed in that order.

DYOR