Member Info for Helpful

Https://www.zerohedge.com/energy/saudi-arabia-hikes-oil-prices-increasingly-tight-market

DYOR

Https://en.wiktionary.org/wiki/mbele

Interesting. Congolese word.

Https://twitter.com/Oilplayer2009/status/1776202702936068404?t=g1OqBa-pDkjW4EJ2w06m-w&s=19

DYOR

Yep. I am a Marxist: Groucho Marx. I would never join a club that would have me as a member.

Https://www.marketwatch.com/story/veteran-strategist-says-grab-your-hammer-and-pick-gold-is-headed-to-3-000-12a16bbb

So apparently there was a Proactive event in Mayfair this week (not my thing). The talk was that some of the investors were starting to build a position in RRR.

Check out the RRR Telegram group (not in it but have seen the post).

DYOR

$2,329.93

So we should make around $1,800/ounce. 5 tph, 10 hour days, 2 g/t without a crusher, maybe 4.5 g/t with a crusher: decent money. The sooner that first wash plant is on a plane, the better.

Big week next week, a lot happening. I will be very interested to read what Willem has to say about the lorra, lorra gold.

🔥🤞🤪

DYOR

He did. I was copied in on the message. Willem has forgotten more about geology and gold geology in particular than Winnifroth will ever know.

Willem's view is that we do have rather a lot of gold. If we are putting wash plant on four separate sites just for the alluvial that should give you a hint.

Winnifroth talks out his bottom most of the time. He blocked me on Twitter years ago when I pointed out to him what he was saying wasn't quite true as in nowhere near the truth.

DYOR

Woof

DYOR

$2,336 has gone......

$2,500 next....

DYOR

He is on his lunch.

Https://twitter.com/RRR_RedRock/status/1776222393867890900?t=ktOFebxh_VaGyiUDz3iYmQ&s=19

https://twitter.com/RRR_RedRock/status/1776223023651045723?t=rWIj6wAXjVMH0to3zaMf0g&s=19

DYOR

You mean like you do when I ask you if you are going to pay that £1,000 you owe to Christie's Hospital or when I ask you why you reckoned Musonoi was worth nothing and unsaleable when Glencore were lining up to pay $430mil?

Not at all. If you can't read what is is the RNSs, listen to the interviews, read the posts on Twitter and read the presentations on the company's website who is that down to? If I can go on the internet and find information in quite literally seconds, why can't you? Get yourself a cup of tea, print stuff off, work through the documents, make notes, follow up with research and hey presto, some of it might make sense to or not....

Go and bore someone else.

News, it is 40c during mid day. You would be insane to go there voluntarily.

Ok, I will play along even though I know this is Maisie and Charlie Brown territory.

"RRR is about to start gold production next week"

Helpful - a bold statement but I'm interested to see if you even believe it yourself.

The RNS says "The first gold wash plant is expected to arrive by air within a few days and will start operation." "whereupon Mr Samuel and myself will relocate to Burkina Faso to be on site for the whole period of transition into stable gold production and to prepare for larger scale mechanised mining."

Nothing to do with what I believe: who in their right mind flies in a gold wash plant and then leaves it sitting around doing nothing, they may as well ship it. Same with AB and Sam, what they going to do fly out and sit around getting a sun tan?

When do you believe they will have produced enough gold to create a commercially viable sale agreement and start to generate revenue - end of the month???

You don't do sales agreements for gold. BF is a large gold producing country, you just sell it to broker/agents in the capital as and when it is produced. An issue will be security: so maybe you only move larger amounts. Apparently Brinks Mats operates in the capital. https://www.linkedin.com/in/souleymane-kabore-40bab1195/?originalSubdomain=bf

We should know a lot more when and if that report is published. In the meantime there is a presentation on the company's website.

DYOR

Doggie, what happened to your numbers?

PS

Four separate sites...... From that you can take it that the alluvial deposits cover a very large area. If it was a small area and so trucking the material was not an issue you would group the plants. It also means multiple trucks. So quite a big operation.

DYOR

It is in the RNS and the interview from yesterday.

Flying the first one in, in the next few days. Four separate sites.

So you can take It that at least four are being moved in.

The spreadsheet on the website models up 16 plants, why do you think that is?

Do your numbers for one plant, then for four plants and then for 16. In the trade it is called "ranging". See what your numbers look like: then do it for a poor grade, then a middle grade and then a high grade. Again it is called ranging.

All a bit pathetic really Doggie..... Oh RRR is about to start gold production next week but no one has spoon fed me the numbers (which I would deny if they did anyway) so nothing must be happening.

Or you can reverse it: what does RRR need to do to net $3m pa? $3m pa 9 x EBITDA is $27mil.

Do your numbers and report back. Woof

DYOR

Https://twitter.com/DavidLenigas/status/1776142430137417776?t=N9neap5gx6Zlgt4imhQ0OA&s=19

DYOR

Did contract law as part of your degree did you?

So Bell and/or Sam are going out there to live on site, they are going to fly in the first wash plant in the next few days but nothing is going to happen because..... Oh yes, no signature.

Jodrell.

Well that means a lot coming from you, "vain and self-obsessed", you being an expert with plenty of experience. Tell us, how much did you lose on RGM?