Member Info for Helpful

Https://x.com/jczuleta/status/1803490179333902709?t=nkjLS1VwbaSMDmr2yvR3UQ&s=19

DYOR

One for you news: https://x.com/StockBoxMedia/status/1803695390937567704?t=9yYdwxAdFtWT8Oy5Uu_LwQ&s=19

DYOR

Looks like $2,350 is incoming.

You on the pop again, Dukey?

Dukey, remember you stated you know SFA? I can confirm that you are entirely correct. Quoted spread is not the same as the spread on actual trades. If you had L2 you would see this.

News, the standard order for these things is: rock chip sampling; geo-chem (looking for antimony, a pathfinder for gold in Victoria); aero-mag (using a drone) and then IP. If all of that is good then you might do some trenching to firm up the interpretation.

Interestingly SXG are doing some IP at Sunday Creek because they have drilled so little of the acreage. It would be sensible to wait for the results of SXG IP before commissioning ours. The geo chem is not complicated or expensive. From what I understand, the big issue in Victoria is getting lab results back. The delay tends to be too long.

"“Additionally, planning for a regional scale IP geophysical survey is underway that will test the 10 km long trend along strike from the core drilled area to further demonstrate the district scale potential of Sunday Creek.”

District scale means that they are looking for a substantial deposit likely to be of interest to the majors.

https://mawsongold.com/news-releases/sxg-drills-473.0-g-t-gold-over-0.5-metres-at-sunday-creek/

https://www.proactiveinvestors.co.uk/companies/news/979520/what-is-a-gold-mining-district-979520.html

The controlling feature which has created the dyke and the gold is the basalt upthrust intrusion to the South of Sunday Creek and to the East of our licences. It would be strange if the geology markedly changed from one part of the dyke to the other, just because someone drew a line on a map.

DYOR

Bluey, are you over doing it on the valium? Unusually chilled for you.

So now the deal is done, RRR can sign deals re NBGC/RRAL; it couldn't before. Although it was the operator, it wasn't the owner. So now it can make decisions and implement them.

So in short order we should get;

Forward programme

Something signed re the IPO/RTO/farm-in with a broker

Update on BF/Bilbale

Update on Kenya renewal

Maybe something on DRC

DYOR

So, the RNS is silent on the way forward. There must be another RNS coming out with the planning for the assets plus the IPO.

On another little run up. Maybe $2,350

An RNS is agreed, Cornish simply hasn't issued it. If POW had to issue one, then RRR had to issue one.

Confounded, they have mental issues.

Well Dukey, this is you just showing how little you understand.

If the RRR RNS is not out by 8am then AIM admin should suspend trading. If you understood anything you could prattle on about that.

I see Cornish is demonstrating his usual speed and efficiency.

"which has absorbed the greater part of our project development expenditure in the period. We have yet to conclude sales, as we believe we will gain more by holding our current stockpile in Beira and Harare as prices recover post the Chinese New Year, and only then will we recommence active operations and export."

https://www.lse.co.uk/rns/RRR/half-year-report-pcdycyx1jfob8ap.html

If Zim is not on hold how could RRR recommence active operations?

Lord save us from these experts who read nothing and understand less.

DYOR

Ooh! Let's have a little rant and ignore all the RNSs and interviews. Door handle. From 7.16 https://youtu.be/OpFWiK2pviw?si=egD5ePRARRl8zvos

DYOR

It does look like we are about to move up. The offer has gradually been creeping up on IG.

Https://x.com/TaviCosta/status/1802909870032662844?t=Ge6vmBQIBCN_oQYwXcrQog&s=19

DYOR

As I said uninformed....

The best way to improve is to read the RNSs and listen to the interviews along with doing some reading around the subject matter.

1. It has not been "the washplant" for some time. AB explained exactly what happened about "the washplant" and anyone who has done any research knows that it is washplants.

2. Today is 18th June, RRR issued an RNS update on 10th June. https://www.lse.co.uk/rns/RRR/update-on-burkina-faso-australia-and-drc-3kjbsrgudqljzk2.html "Simultaneously, initial earth moving and trucking equipment will be transported from Europe, with generators and other equipment. Target arrival times are early July, again subject to Government delays."

3. NOMAD. It is a general thing with NOMADs now not just ours, though ours is a bit more awkward. The first thing is that the main reason that NOMADs get grief from AIM Admin is RNSs. So if no RNSs then less chance of grief. Secondly, there is a conflict between current MAR rules and the "old way of doing it". MAR says that relevant information (by that required information) has to be put out immediately. That does not need after two or three days of deciding the length of a piece of string. Thirdly, fees: if things seen complicated then a greater fee can be charged as a result.

4. Again, on DRC the market has been told the current position. Nothing can be done on the Arbitration till the new Government is in place and that includes the new Chief of Staff: that is now done and hopefully it can progress.

As always DYOR. I know you won't but read the RNSs, slowly and several times, and listen to the interviews.

I expect we will get the RRAL/POW completion RNS shortly and then an RNS on the way forward.

DYOR

Blueballs,

I know you don't pay much attention to the real world but things that might have escaped your notice are:

The price of lithium, including SC6, has dropped and although recovered a bit not to the amount required for people to make decent profits on lithium production. https://www.metal.com/Lithium/202311300003

The above is the price in Shanghai for SC6.

But the shipping costs have also gone up. https://tradingeconomics.com/commodity/containerized-freight-index

The costs have gone up partly because of the Houthis forcing ships to go the long way around Africa and partly because world trade has continued to pick up post COVID.

Cost of production for 3% Spodumene in Zim is about $600/t which with all the other costs (royalty, insurance, port costs, shipping costs, trucking costs etc) means that 3% Spodumene needs to be at around $1,400 or higher to make money on producing it and shipping it to China.

What is the point of either buying product or producing product to ship to China to lose maybe $400/t? Continuing mindlessly on your path regardless of the facts on the ground can lead to disaster.

As John Maynard Keynes is credited with saying: “When the facts change, I change my mind. What do you do, sir?”

Next uninformed question?

DYOR

Remember how the trolls on here were telling us that ALR had it all wrong and that Prem had it all right?

https://www.lse.co.uk/rns/PREM/zulu-project-update-nd5maze2halpj0e.html

Looks like they are prepping the market, again.

The current MC currently £34m down from over £120m, even after all the share issuance in the last 12 months. Down from 1p to 0.11p and still no producing plant or at least producing at anywhere near the specs. So far GR and Prem have spent £75m on the plant. Perhaps the trolls who are very concerned about looking after ingenue investors should split their time between here and elsewhere?

Meanwhile, RRR has put ALR on hold whilst sorting out Bilbale/BF and RRAL. This is one of the advantages of having multiple licences and assets: it might look like a bit of a mess at times but it gives optionality and flexibility.

DYOR