Member Info for Helpful

As I suspected.

News, from the KAV BB

"Hillside production should be 3kg, $180k/m by Q3 24, these are quick wins, with new stamp mills. I think they need a certain volume to cover fixed costs but then it should generate free cashflow. Prospect 4 if drilling confirms looks like 12 months away as would need to sink shafts.

Nara tailings is $2-3m CAPEX & then $3-4m revenue/yr. Work done on plant design, likely take 6 months for delivery & 6 months build/operation so lets say Q3 25

KAV would have gone from nothing to $5m revenue in less than 18 months."

KAV £22mil MC.

From the Twitter feed: "We’ve already moved into profitable gold production in Zimbabwe. Now our focus is on scaling up."

Means it wasn't previously profitable but is now.

There is a complete disconnect with valuation here. "We’re ahead of schedule for reaching our target of 1kg-a-month production at Hillside by end-2024." 1 kg is about 34 ounces. Check out the Bilbale presentation on the RRR website.

DYOR

DYOR means Do Your Own Research

DYOR

Https://x.com/88EnergyLtd/status/1797855961165480164?t=5FK3lph5A6ADgil1OQLKiQ&s=19

DYOR

I forwarded it to him earlier.

Https://x.com/goldseek/status/1797624681383551268?t=_rhjMtz9E1ts5VPtyKAuhw&s=19

DYOR

Https://x.com/minenergybiz/status/1797554622279634990?t=x8SYic0b6KetV1TgMalJ2g&s=19

DYOR

Touched $2,353 dropped back a touch; up over 1%.

Https://finance.yahoo.com/news/soma-gold-reports-first-quarter-092000955.html

"Bring the permitted Machuca mine into production and complete the permit application process for the Nechi mine to increase minable resources to feed the el Limon and El Bagre mills."

DYOR

The market looks tight. The price quoted by IG for them to sell shares changes at £2,500 to above the offer. Not much above the offer but nonetheless above the offer. So if Mr Black wants to dip his toe again, it will be expensive.

The slightest bit of good news and this motors, again.

DYOR

Maid, I would suggest it suits us that any deal is concluded after the BF update is in the public domain and maybe even after confirmation of actual production.

He said he was working on the Coop/Coventry BS deal as part of KPMG.

Https://x.com/PeterSchiff/status/1796570893000577131?t=qJAnzRpH3UiMLGSXt0j8dQ&s=19

DYOR

You wouldn't know a fact if it bit you on your bottom.

Just another attempt by you to manipulate the price for your personal profit.

I doubt that even Mr Bell knows if there will be a placing and if so at what price.

There are just so many moving parts. Let's suppose that next week RRR comes out with the awaited update on BF, where does the share go to? Well that will be down to what is in the RNS and how the market takes it. There is a tension between commercial confidentiality and wanting the share price higher: does RRR really want to tell the world what it thinks it has at Bilbale and Boulon before it has boots on the ground?

Let's suppose it says first revenue third week in June and gives some indication of likely revenues where does the share price go? If the first week of production goes the way it thinks and it is in receipt of revenue within 7 days of start of production, does it need or want a raise? I would suggest in those circumstances it only needs a raise because of CAPEX elsewhere. Where else? Well it is a big portfolio. But if DRC comes in then does he need a raise at all?

Now the trolls will say, "if, if, if" and that is exactly right and that is AB's problem, so many moving parts. Unlike most smaller AIM companies, RRR has a lot of decent assets: that gives optionality, otherwise known as "IFS".

I expect and suspect that there are suitors for each and every gold asset.

DYOR

About time we had another one of these...

https://www.rrrplc.com/wp-content/uploads/2023/01/FEQ-Red-Rock-Resources-19-01-23-Buy-Note.pdf

NB note that Faso was in at $400k.....

DYOR

Ah Dick, the guy who has a grudge against AB because he lost money on Regency Mines like 10 years ago but is shy about telling us how much it was....... As you have said, you were never an investor in RRR and you have nothing useful to say about RRR or from what I can see, anything else.

Strange how these people hang around years later telling people, I lost out and you should listen to me. There is a name for people like you.

News, just so you know I have fund management qualifications, have run funds and used to be one the people who wrote examinations for two professional institutes.

My view, probably a bit controversial, is that the conventional notion of risk is misleading. There is no such thing as low risk or high risk; what they do conventionally is measure volatility as a surrogate for risk. They then look for correlations in volatility; the idea is to construct a portfolio with a volatility similar to the market as a whole but obtain higher returns than the market. This is called diversification, it is based on the CAPM model and when you need it most, it fails. The diversified, lower risk portfolio with lower correlation holdings fails when the bottom falls out of the market. When the markets are bad, the correlation goes to 1; it is a fire sale.

I don't try to do that. What I want is fundamentally mispriced assets either within a company's portfolio or the company itself. I did a few trades in and out of RRR before we didn't anything large. I found out about RRR because a Troll called Mr Magic started trolling another company I was in because it was linked to RRR.

We did a largeish CLN to fund DRC and history has shown we got it exactly right. The assets we funded were sold for $430m but the cost of the deal, cash, shares, warrants was all in $2mil ish. Unfortunately, as we know, the assets were stolen, nonetheless the analysis and investment decision were correct. You have to ask yourself why would someone pay $430mil via back door deal and what does that mean about the true value of the assets in question?

When the trolls keep going on about AB, they conveniently forget its best assets were stolen and sold for $430mil.

When the claim is pursued, it will include a component for the dilution and consequent loss of value caused by the tortious interference. If the assets had not been stolen then none of the fund raises over the last few years would have happened: one flows from the other. Our friends in Big G, will have to pay.

DYOR

Https://kingworldnews.com/wtf-europeans-can-now-only-place-sell-orders-on-sprott-physical-gold-silver-funds/

DYOR

I see Boring Boy is being boring, again. He is so boring and unable to take a point, I am beginning to suspect he might be an accountant.

More and cheaper gold at Bilbale: that can be taken two ways. 1. There is a bit of gold in RRAL and a bit more at Bilbale.

2. There is decent gold in RRAL and a stonking amount at Bilbale.

This is a example of why the Army doesn't use accountants to do battle assessments; they would count the dead and shoot the wounded, to be on the safe side..

RRAL looks decent, if the dyke goes all the way to Berringa, more than decent. But we are looking to spin out RRAL and keep BF, what does that tell you?

DYOR