Member Info for Helpful

Dukey, we are agreed you read nothing and understand nothing but even you must realise what you just posted is nonsense. It takes about three weeks to turn a placing around from start to finish, from when the button is pressed to when cash is available. If RRR needed cash to close the deal, then it should have done a placing weeks ago.

DYOR

Https://x.com/DavidLenigas/status/1800064307226423766?t=yPs2gsa-Y98pYlodsbtYUA&s=19

Well, what does this tell you about the deal?

DYOR

I doubt it, you are starting from too far back and have no shares anyway.

Dukey, still on the lash? Read the deal, RRR needs no cash to do the deal.

Outright sale is not attractive, the potential upside in RRAL is too great.

Maid, sounds to me like a piece of paper is outstanding from Australia; I wonder what that might be?

And so why would a holiday in Australia make any difference? 😀

Https://youtube.com/shorts/_2sfqTuGUYY?si=7o1kVScsjNrViWaQ

DYOR

Nike, I haven't pulled back on anything.

Boring Boy or Lunch Money Boy as he alternately known holds himself out as an expert but in reality knows the square root of SFA.

There is a difference between modelling and a forecast. A model is based on assumptions. A forecast is produced once numbers have been firmed up. So once RRR/FASO is a bit further along it will be able to produce a forecast. The model assumes 10 hours a day but if they can work it out, it might be 16 hours a day. The model assumes 2 g/t of free gold but it could be higher or lower. The model also postulates gold in saprolite taking the gold up to 4.5 g/t.

The model postulates up to 16 wash plants but it could be more or less: plus it depends on how many plant are operative. Plant go down because there are problems and for planned maintenance. The model illustrates up to 16 wash plants but we don't know the current number. What we do know is that RRR/Faso are planning on having over 100 hundred staff on staff including over 20 "specialists".

So the above shows that RRR/Faso thinks that Bilbale is a lot larger than they thought it was originally. Willem's visit and report seems to have made a difference. Separately, RRR/Faso found the new site where illegal miners were active. Previously, they were saying that they were going to operate on up to four sites but that was before they found the extra site where the illegals were active. So it seems that Bilbale is much bigger than people think, for illegals to be a active on a site they knew nothing about it means that the mineralisation is over a much greater area

Separately, we have Boulon. As the report states we have other applications in the pipeline.

In the recent Stockbox interview, AB comments on issues perceived and real about operating in BF. He is obviously hinting that as a company willing to operate in BF we have other opportunities. He points out that companies struggle to raise capital to invest into BF: that means if we can generate FCF to cover CAPEX we can make out like bandits.

All in all, Burkina Faso should work out well. But many a slip twixt cup and lip.

DYOR

PS the 1,150 tph was from a RRR tweet, which Boring Boy knows.

DYOR

Https://www.rrrplc.com/wp-content/uploads/2024/04/2024.02.29_RRR_Burkina_Faso_Alluvial_Project_Presentation_2.pdf

https://www.londonstockexchange.com/news-article/RRR/update/16444961

DYOR

"The Company is currently arranging four time-critical workstreams: (a) transport of the washing and production equipment necessary for operations to Burkina Faso, (b) the passports and other paperwork for some 25 expert external staff who will be required to be in Burkina for the commencement of operations, (c) transport from Asia of hire plant for excavation, and (d) preparation of initial camp accommodation and eating and security facilities on site for an initial daytime workforce expected to exceed a hundred people. The first two of these workstreams have been subject to bureaucratic delays and some additional cost factors but are now under way."

DYOR

Just as well you don't have any shares then, isn't it?

Dukey you old soak; he gave an interview weeks ago where he disclosed all this

Ok Doggie, I will play.

What you are referring to is one plant that was going to be flown in, with rest to follow by sea. AB/RRR has told the market that the particular plant didn't fly because SA Customs tried to charge $120k in VAT.

The operation is now much larger with over 100 staff on site. A lot needs to be organised and coordinated. Over 20 specialists are coming from India.

So don't worry your pretty little empty head about it.

DYOR

You still in the lash?

No issues in BF.

News, he has issues.

So it held its level, no last minute sell off. Looking good for next week. Obviously there needs to be an RNS re NBGC/RRAL either way but probably also one on BF.

Doing dummy trades, there is not a lot of stock there at the moment to be bought up at current prices.

DYOR

China/PBOC didn't buy any gold bullion in May. Market is worried this is a change going forward. And it is 2.79%.

0.06p on IG for £1,000 was 0.0545p yesterday.

DYOR

Dukey, other people have the excuse of being a bit thick but I know yours is that you just don't read anything....

"Theeeeduke

Posted in: RRR

Posts: 1,190

Price: 0.0525

No Opinion

RE: Opinions...30 May 2024 07:42

Gold not good !"

And understand less, Gold is currently $2,335 and was $2,386 earlier. So just as you were completely wrong about Kenya and Musonoi, you were wrong about gold.

I wasn't dressing up anything, I was literally posting the RNS and posting extracts from it. To reiterate, two things matter, are the conditions precedent met or waived and does completion happen before COB next Friday.

As to Burkina, no doubt we will get the update shortly but as you can see from the above, RRAL/NBGC has moved up the "to do list".

DYOR