Member Info for Helpful

News, the advice from the UK Counsel was as to, did we have a claim for tortious interference and, if so, in which jurisdiction?

Hence, Article 4 Treaty of Rome in either Switzerland or London.

I expect we will be on with it in pretty short order.

DYOR

Bluey,

"by the time we are in any sort of position to produce i can pretty much guarantee gold price will be sub $2000." Drivel, drivel...

We should be producing in Burkina Faso in a few weeks. It is a good sign that we had artisanal miners digging on our acreage; they are not known for wasting their time.

It doesn't matter if the gold price is below $2,000; all that is affected is the profitability. Initially, our production costs will likely be higher, in the region of $800/$900 an ounce. Once we are at volume and fully mechanised, it is likely to be $300/$500 an ounce (grade being the variable).

"In Burkina Faso, we are starting to implement a policy for alluvial gold production initially. Some illegal operators had come onto the site and started to excavate pits, and we have had them removed, but we should not lose time in establishing our own, legal, operations. Hard rock potential also exists: our drilling in Burkina Faso had strong intercepts including 20m at 3.19 g/t gold from 22m depth."

What the higher gold does do is create more demand for gold assets, JVs and M&A. As RRR has indicated it has had multiple approaches for its assets.

If you followed your own logic then you would appreciate that RRR has lots of gold assets and the higher gold price puts in a good place. We have alluvial at Bilbale and in CDI.

Current gold price is $2,211.50 having touched $2,213.

DYOR

$2,205.70.

So $2,200 now breached: does it hold above $2,200, go higher or drop back?

DYOR

Https://twitter.com/TaviCosta/status/1773012026505179348?t=cIN6_1_dWXQwcBZAug3J1g&s=19

DYOR

News you cannot go to ICSID without have a statement of claim and a statement of loss. You also need both to able to secure no win, no fee funding or contingent funding or after the event insurance. If it got to ICSID one that thing that other side would demand is surety for costs. The other side would no doubt state that their costs are likely to be millions. Normally disbursements would be covered under the no win, no fee agreement; which would include surety for costs.

If Boring Boy thinks that NOMADS are by virtue of their AIM role "Shadow Directors" then no doubt he can point to the legislation or the case law. In my view it is just him proving again what a muppet he is and how he prattles on about stuff he doesn't understand: maybe does understand but it doesn't suit his agenda.

I have Boring Boy on filter and have had for some time.

DYOR

News, there is an inherent conflict between MAR and the AIM Rule Book. The primacy is with MAR but old school types like our NOMAD and the Management of AIM think that they can still rely on the discretion in the AIM Rule Book.

I can tell you for a fact that AIM has been putting pressure on NOMADS to act like a quasi-regulator which ends up with them trying to restrict what can and cannot be said and when. Some RNSs take days to work through the system, even though MAR says the market should be notified immediately: some take even longer.

In my view, the NOMADS are getting themselves into "Shadow Director" territory and will end up with some of them causing problems for themselves.

As to work load, I know for a fact that AB does 16/18 days on a regular basis. He has to operate across at least three different time zones. In DRC they tend to start late in the day and then continue to the early morning. At the moment he obviously has to spend a lot of time on the phone to Australia; ideally he needs to get himself out there but first DRC needs boxing off.

DYOR

Neighbours

https://x.com/KoboResources/status/1772962462247059457?s=20

DYOR

Such saddos. You lot are fixated.

Why not get a life instead of posting drivel and nonsense about a company you are not invested in?

When an announcement needs to be made I am sure that RRR will want to issue one, NOMAD permitting.

NB $2,200 seems to be the new resistance point.

DYOR

Dukey, you and the other trolls have got issues. Since 2021 I have bought shares in the market and sold shares in the market; I have converted CLNs, subscribed for CLNs and rolled over CLNs and I have exercised warrants and rolled them over, I have subscribed for shares.

Shares in RRR are tradeable securities, the hint is in the name; tradeable.

As you know in fact, given that you bought, you sold and you rebought but you got it wrong on the rebuy. Only one person responsible for your loss, buy a mirror if you want to track him down.

DYOR

Dukey, why not try being rational? If RRR pursues the claim to court RRR has to make a statement of loss. You are not as dumb as you make out: in your opinion what should loss claim quantum be?

Dukey made money back in the day when Andrew Bell was a superstar. He sold out making good money but greed made him buy back in and he gave up his gains: blames AB. His posting is because he is consumed with hatred for AB because he blames AB for his own greed and stupidly.

Way it goes.

$2,192🔥😁🤪

$2,181. On another little charge; kept dropping back from $2,179. $2,200 in sight now.

DYOR

Https://x.com/garysavage1/status/1772237592370753752?s=20

DYOR

News if you really want the old videos, you should be able to get them via this:

The Wayback Machine: https://youtu.be/W1HL9uw6Axg?si=H2hzXzUD7u0kfoJl

https://web.archive.org/web/20030315000000*/http://sep11.wikipedia.org/wiki/In_Memoriam

DYOR

News, from July 2019

https://www.youtube.com/watch?app=desktop&v=sN0qEQc-Epg

News you need to up your spy skills.

DYOR

Doggie, slight variation.

If it can be shown that Musonoi plus the two other licences were sold for $430m (which I believe it can) then the minimum claim would be (($430mil less $20mil) x 0.51) plus interest. So $205mil plus interest of $80mil. However, the actual claim of loss is likely to be much higher. It depends on the advice RRR is given but the claim could easily be $4bn. RRR will need to get expert witness advice so that the loss claim that would stand up in court.

Before Boring Boy and his aliases get all excited, a claim of loss is where you start from; it doesn't mean that is the settlement or the award.

https://www.proactiveinvestors.co.uk/companies/news/312125/red-rock-resources-delighted-as-work-towards-jorc-resource-at-musonoi-mine-advances-12125.html

https://www.rrrplc.com/wp-content/uploads/2019/03/20190331_RRR_FINAL.pdf

RRR was actively working towards a JORC when access to the Gecamines core shed was stopped. RRR wanted to take quarter cores from the cores drilled at Musonoi to facilitate a quick route to a JORC. Likely, Musonoi would have been in production earlyish 2020 without the shenanigans. All relevant to the loss claim.

DYOR

You don't get readies before the award is made. Legally stuff 101. Unless there is a settlement.

Blueboy is just an attention seeker. He has nothing to contribute. I am aware of the asset and the story. AVZ spent years and a lot of money on it. Supposedly that part of DRC is full of lithium.

Https://twitter.com/garysavage1/status/1771902134596108348?t=-1efQlLIV4LPNapTmk145g&s=19

DYOR