Member Info for Helpful

https://twitter.com/lacasa1971/status/1493867315812782081?s=20&t=wHsK6o8ashxmYEKGNtcbDw

PS there are some tailings from illegal mining on our licenses in Kenya. Not the MaCalder tailings, another tailings; AB recently had another company removed from them. They were illegally mining the tailings. In law, those tailings belong to RRR.

This sort of stuff is non-stop.

DYOR

I am sure that he does act as a drag on the SP. The issue is, what would happen if he was binned? Well likely that DRC would not turn out as well. To get a result against Glencore we are going to need the DRC bods on our side and their cooperation. Most people on here think that this is about $20mil: it is not. The deal Glencore agreed to was significantly greater and our claim for damages would be a multiple of that. If we are successful against Glencore then RRR ends up with more from that than everything else put together. AB is key to the DRC/Glencore results.

He continues to be important in Kenya: see the recent arrest and deportation of 5 Chinese illegal miners. We also need him for Burkina Faso, Cote d'ivoire and Zimbabwe.

The discussion always assumes that there is this fantastical ideal bod to replace AB. First there may be, in which case why would he join RRR, and secondly, get me his cv. When it comes down to it, at this stage the perfect candidate doesn't exist and in any case would be unlikely to join if they did.

RRR needs to keep to its knitting for the moment: Elephant needs to list, NBGC needs to list, RRR needs to bring in some pre-IPO funding for some of its other deals and it needs to sort a JV on Kenya. Back end of the year RRR should look quite different.

DYOR

The only ones going on about that is you saddos on here. Anyway, amusing that that is the best you can come up with.

I see you lot never want to talk about the actual company but instead concentrate on ****ging off anyone who is not in your little gang. Never quite left the playground behind, have you?

Very surprised at no Q4 update so far. Maybe ML is hanging on to it for the spud announcement?

xx

He is someone I know. He is upset that I won't do what he wants me to do.

Anyway, I thought the Billy memo said keep it to NTOG on here?

Give it a rest. Go watch the footie, you are missing a great game.

https://twitter.com/RRR_RedRock/status/1493661361066455040?t=3xlObCsl8EK4-PoTMJFe0w&s=19

Yawn!

My degree is Quantitative Business Analysis and I have two professional DPM qualifications. Unless the method of calculation has changed since yesterday it is up 9.09%.

The quoted spread is 18.18%. There are various reasons why the spread moves out: one is that MMs are short and don't want to get caught. Regardless, most shares trade inside the spread, including RRR today.

Anyway, you want to call the shots you need to buy more stock.

I am not going to make this personal. The only thing I am interested in is making money.

DYOR

https://twitter.com/JavierBlas/status/1493483315189460992?t=YZ9fxon-BySAOGzNfULjFA&s=19

Move along folks, nothing to see here.

DYOR

FYI up 9.09% today both on LSE and IG.

People have different views, that is what makes a market.

No idea why you try to make this personal each time.

As before, you want to call the shots you need more stock..

Today's announcement was complex, the penny will drop

DYOR

Just done some numbers: 2.5 tons per cubic metre. Work out the volume and apply the grade and then the price. Cobalt is a bit over $70k a tonne today. It works out as a very decent number.

Apparently, the processing cost for cobalt is about the same as for copper.

DYOR

Elephant should be very good.

Good cobalt grades.

It looks like we have a valuable asset on our hands. As usual, this raises issues. Do we sell and move on, do we JV, do move it up the next step to the next value inflection point. Whether we need a JORC or not is a moot point but with a bit of work we might get one in place Octoberish time. That would give time for another drill programme and then some infill drilling. The grades are good but RRR needs to create a working model of shape and depth of the resource. There is a lot of folding and twisting of these resources during geologic time. It is not just laid out like a carpet at depth.

The next interview should be interesting. It has taken a little while but well done to AB.

DYOR

If you listen to his interview from last week: Luanshimba, literally now and Kenya next week.

DYOR

Who knows? The ideal outcome would be that Glencore pay us to settle and clear off. But many a slip twixt cup and lip. No rush: VUP and Sofibanque first, then Gecamines and then Glencore.

Could be good fun!

http://webapps2.rrc.texas.gov/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=494840250&rrcActionMan=H4sIAAAAAAAAAM1QTW-DMAz9Nd0ROW7LuPiAqvbclWrVhHpIIaKRgCAn7EPix88wVdroztMuif2en_X8BgVAOChQpB6Yi7QI1rWHgssczjThb-aiu85jJHQUzLv2UeVeF8s0AeGRFrjbnlIpl2NZsq1r21Z7w40N_qk3_PG1NCqdDK2oMeHqyqPb6LoWYE1sQs_t0WVGc3EVKCG485L7iU258lGnWTfPuu7NZFFWXExlW3-yYZRDTJuX_WGbZWOT_CQVzvqZGGMCJXdMDwKO2eAjAUqrbtjMnfqrpPwtoZg6XRn-lsSvsalzPp8brZIakBQMSylWBMNa_liAe_V_Cv0TTEXizKsCAAA

So it seems that the current price for production in OK is $42k per flowing barrel. Very interesting re NTOG.

So there was case in DRC Wednesday. RRR won again. The judgements are now executable. What that means is that we can go to the next stage of dealing with VUP, Gecamines, Sofibanque and Glencore. VUP first and then the others in due course. NB Not inside information.

As I have said before on here and discussed with other investors, this is the perfect outcome for RRR on Musonoi. This compensation, the listing of Elephant Oil and NBGC will sort out RRR cash wise and it can on with its other projects. If we can successfully pursue Glencore then it will be all our Christmases come at once.

DYOR

You need to keep to NTOG on here. Did you not get the memo from Billy?

https://www.reuters.com/business/energy/b2gold-says-mali-mine-unaffected-by-ecowas-sanctions-2022-01-11/