Member Info for Helpful

but because it is he who spins the plates at Red Rock. Without him, I sense some plates would crash. With him, enough may land in the right way to create enough value to chip in to the Goat Farm retirement fund"

Quite.

Very important tweet.

Swabbing is what is done after perforation to start the well flowing. If they are swabbing it and recovering oil to surface that means that the oil is flowing. Likely but not certain, it means that the well is producing. To produce it means that it is hooked up to the production kit and flowlines.

It wouldn't make sense to swab it and then shut it down to hook it up. My view is, that means the well is up and running.

https://glossary.oilfield.slb.com/en/terms/s/swab

DYOR

No defensiveness on my part. As I said, I have a view and you have a view. I think that getting rid of AB would be destructive of shareholder value at this time.

That remains my view and I am not swayed by your near constant personal attacks.

You want to control the company? Then you need to get your cheque book out.

The only person that is going to get us the result we want in DRC is AB. That is the top and bottom of it.

I have sizeable positions in numerous companies and each one has someone stamping their feet that something must be done. The way to make money is hard logic. If AB is binned who else is going to get us the compensation from VUP, Gecamines, Sofibank and Glencore? Not me and not you.

DYOR

And I do have a adult conversations, on regular basis. I am not the one that tries to personalise things all the time.

Anyway, as I said before; if you want to call the shots then you need more shares. We each get one vote per share. 50% +1 calls the shots.

Nothing underhand

I suggest that you reread what you wrote:

"Where’s the money gone? And your ‘holders’ how did they obtain their shareholding and where indeed has the money ‘paid’ for their holding gone?"

I don't understand why you think someone else should go back through the RNSs and annual accounts to work it out for you. What is wrong with you going through the RNSs yourself?

And you need to be careful about alleging criminality. Being on here doesn't grant anonymity or any protection.

DYOR

The RNS doens't give a figure for the drawn down amount on the borrowing base.

Nowhere does the RNS state what the drawn down amount is on the borrowing base.

Embittered former shareholders who invested 10+ years ago, lost money and have personal vendetta against Matt Lofgran.

They have previously stated that their intention is to stop any potential investors buying shares in the company. No matter what the news the same trolls will try to say anything to run the company down.

DYOR

It looks like the Jupiter Mines sales were well timed. The share price is lower as the prospect for dividends in the near future.

All the quoted assets are assets held for sale.

If you see the RNSs you will see that decent money was paid to Kansai and to VUP.

The main interest in Jupiter was the iron ore royalty now in Juno Minerals. It suited RRR that the assets were outside Jupiter and so stood a chance of being developed and the royalties paid. Inside Jupiter, nothing was going to happen with the iron ore assets.

DYOR

Not bad.

What do you reckon Steeley Old Boy?

ooops!

https://twitter.com/zerohedge/status/1507371840431341568?s=20&t=hAcJ_bYVZcfsIreW40UPHg

Very good. Interesting that it was the US Proactive that did the interview.

Exploration company does exploration, investors get upset.

If RRR doesn't do any exploration, what is it supposed to do?

Its two biggest assets were subject to subterfuge. If they had not been subject to subterfuge then the company would be much further on. It takes time and money to defend your assets. The work being done in Kenya now is work that would have been done in 2012/13/14 etc if there had been no subterfuge. If there had been no subterfuge re Musonoi, then the JORC would have been completed 2+ years ago and the asset would now be in production: this will be reflected in the compensation. AB was not the cause of the subterfuge in either case but he was and is the one that defended RRR's assets.

DYOR

Decent update

Hey does that mean you love me really? And it is dumb not dum but I bet you knew that and you were just playing dumb..

Anyway, what do you reckon? RNS inbound?

First set of Australian drill results should be up soon.

Another one

https://twitter.com/RRR_RedRock/status/1506290621052600327?s=20&t=4RoXFK2mwEht-qle82Tbsw

Lots of blue. Always good to see, hey?

What do you reckon? Next RNS on the way in?

Great interview. Now that he has said it I can say it.

Our friends at G did a backdoor deal with VUP via Gecamines in which they agreed to pay somewhere between $150mil and $250mil for Musonoi plus the other licenses. How much would did they think they were saving by doing a back door deal rather than a front door deal? If they were willing to pay those sorts of monies, what was Musonoi worth?

Well go back to the original interviews that AB gave about Musonoi: this one is interesting https://www.youtube.com/watch?v=qV1DxsWKXKI

So RRR was going to get a JORC pretty quickly but was frustrated by VUP and their games.

RRR intended to bring Musonoi into production pretty quickly but was frustrated by fraudulent activity.

Gecamines intended that there would be 400k+ tonnes of copper and 20k+ tonnes of cobalt at Musonoi.

In our tort claim against G what matters is the loss to RRR of not bringing the assets into production because they were stolen. Work out what 400k tonnes of copper and 20k tonnes of cobalt might be worth in the current market.

DYOR