Member Info for Helpful

https://twitter.com/RRR_RedRock/status/1468587694276198405?s=20

https://twitter.com/proactive_UK/status/1468497077990744066?s=20

Interesting comment

"We have great confidence in the potential and prospects of the Mikei Gold Project, and will look for ways to accelerate its progress in 2022."

Is that a hint?

DYOR

He said previously that he thinks there is up to 10mil Oz there. Looks like he could be wrong, looks like it will be more.

DYOR

Well I doubt that this lists before Feb. The valuation will be influenced by a few things: the gold price, drill results around us, our drill results, general market conditions and how much is raised at pre-IPO.

I don't know how much they intend to raise but better to go low on the valuation and have a strong after market.

But it ain't zero. Today's RNS was pretty bullish.

DYOR

POW version

https://twitter.com/PowerMetRes/status/1468174258312564740?s=20

Well I have read that twice and it reads well to me. It looks to me that they are saying that they think they have decent gold and that they need to prove it up by a bit of drilling.

If they start drilling December, they should have the initial results middle/late January 22.

Looking good for the IPO.

DYOR

He won't get voted out. He is key to what is happening.

DYOR

Share allotment showing up at Companies House for RRAL/NBGC so it looks like the share swap has been done and NBGC now owns the shares in RRAL.

They can now get on with the listing of NBGC. Should add anything between £5mil and £15mil to RRR's balance sheet.

DYOR

https://twitter.com/RRR_RedRock/status/1466718368380170243?t=xeZ3tAeRAiBEXgZvUXX4iA&s=19

How is addressing factual information ramping?

And if you are going to post at least make an effort to get it right. The price is nowhere near the all time low. If you haven't noticed the market is off because of the COVID nonsense.

DYOR

Wife not speaking to you again?

Why not address some factual information? Things are going well for RRR. Glencore has shown that Musonoi is worth more that the market cap, Migori is back on track, RRAL will be listed soon, Luanshimba update any day and so on...

DYOR

"It is anticipated that this additional through-put will justify the restart of the Company's el Limon mill."

https://twitter.com/SomaGoldCorp/status/1464018734830522374?s=20

Soma owes RRR a little under $3mil on El Limon.

DYOR

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02452795-6A1062995?access_token=83ff96335c2d45a094df02a206a39ff4

Duke,

one should never make assumptions. 1. I have a copy of the actual royalty agreement and had RRR double check what it said because of a throw away comment by Greg Durack and 2. I have read the Juno Minerals Pty Ltd listing document several times. Mostly to go back and double check what it said.

1. The royalty is on the Mt Ida tenements. 2. My point was that GD and Juno intend to bring Mt Mason into production to fund the development of Mt Ida. 3. So Mt Mason is critical to royalties due on Mt Ida. 4. Everyone thinks Mt Mason is Hematite and Mt Ida is Magnetite, which is not wholly true. 5. Again, everyone thinks that the royalty is on the Magnetite but that is not what the royalty agreement states. 6. The royalty is on iron ore on the Mt Ida tenements. 7. GD in two interviews, one RNS and the IPO document has confirmed that the hematite extends from Mt Mason into the Mt Ida Tenements. 8. They refer to this as a transitional zone. 9. GD has indicated that there is exploration work to be done on ore hematite on the Mt Ida tenements. They didn't do the work last time around. 10. If they do make a decision to mine and start mining hematite on the Mt Ida tenements that triggers the lump sum payments from Anglo Pacific and a royalty stream from Juno.

My current view on Juno is that Priyank being given the boot is poor decision making and I expect them to put the assets back on care & maintenance for a while and so stop spending money. Only my view.

Complete enough for you.

DYOR

https://ir.petroteq.com/news-presentations/press-releases/detail/406/petroteq-announces-exchange-of-temple-mountain-leases-for

Duke.

The main interest from RRR's point of view in JMS was the iron ore assets; Mt Mason and Mt Ida. If those had stayed in JMS they would not be developed.

RRR has a very valuable royalty on Mt Ida and wants it put into production sooner rather than later. The assets were spun out into Juno Minerals Pty Ltd and now stand a chance of being developed. The key is getting Mt Mason into production, the cashflow from that will fund bringing Mt Ida into production. The Juno Minerals listing document gives chapter and verse.

JMS shares were assets held for sale, same with POW. RRR is not and should not be an investment holding company. It is a mining exploration company and those assets should be sold to fund exploration activity as and when needed. Three main sets of activity going on at the moment: Luanshimba, Migori and Victoria/NBGC/RRAL. Both JMS and POW will be sold in due course to fund the exploration on the first two and once NBGC is listed it will be funded without recourse to RRR. NBGC listing will put something like £10mil/£15mil on the RRR balance sheet.

DYOR

If VUP fails then the situation ante prevails.

If VUP fails then Glencore still wants the asset and it doesn't expunge RRR's case for tortious interference.

My view is that a deal will be done where everyone is happy except VUP.

In DRC suing Gecamines is a big no-no.

DYOR

I am sorry Zumore but your reading and comprehension skills are lacking.

You simply don't understand what you are commenting on. This has nothing to do with VUP being dishonest except obliquely. The matter is now in front of the court. It is down to what evidence is presented by each party and the court's decision. Red Rock's position is evidenced by the orders granted to date.

The court had issued an order preventing Gecamines and Kamoto (Glencore) paying the monies to VUP.

VUP will have to prove to the court it owned the assets, had the power to dispose of them, did do so legally and that it is owed $15mil by Gecamines and Kamoto.

VUP's case is against Gecamines and Glencore not RRR.

After it has done all that, VUP will then have to show that RRR is not due 51%. That $5mil has already been paid does not stop us recovering the $10.2mil against the $15mil.

DYOR

I am very hopeful.

Lots news incoming.

Another one that just makes stuff up!

https://www.londonstockexchange.com/news-article/RRR/drc-projects-update/15213115

It has indirectly come to the attention of the Company that its local partner VUP on 20 October 2021 served a Procès-Verbal de Saisie-Attribution de Créances (similar to a garnishee order in our system)(the "Order") on parties including Kamoto Copper Company SA, a subsidiary of Glencore PLC, claiming a principal sum of $15,000,000 in respect of a purported surrender by VUP of the JV Assets and some others, for $20,000,000 compensation, to La Générale des Carrières et Mines ("Gécamines"), a state-owned company in the Democratic Republic of Congo, under the terms of a purported Amicable Termination Transaction Protocol ("Protocol"). The Protocol was stated to have been signed on 4 December 2019, notarized on 29 September 2021, and come into enforceable form on 5 October 2021, and to have been entered into in the framework of discussions by Gécamines with a third party.

"notarized on 29 September 2021, and come into enforceable form on 5 October 2021"

ie., it didn't exist before 29/09/2021.

AB's share sale was on 11/08/2021
https://www.londonstockexchange.com/news-article/RRR/director-pdmr-shareholding/15096372

So he sold 6 weeks before it was possible to know the agreement existed because it didn't exist before that date and it only came to public attention because of the court action post 20/10/2021
"It has indirectly come to the attention of the Company that its local partner VUP on 20 October 2021 served a Procès-Verbal de Saisie-Attribution de Créances"

So are you stating that he traded on 11/08/2021 on the basis of something that he couldn't have known existed before 20/10/2021 at the earliest?

You people don't understand anything about what you prattle on about.

DYOR