Member Info for Helpful

https://twitter.com/graddhybpc/status/1394363753194459145?s=19

The swing on Juno.

Well, well. Who would have guessed?

https://twitter.com/graddhybpc/status/1393870466146787328?s=19

The Polish guy is good, the other guy not so much.

https://twitter.com/CopperBullish/status/1393325021355864064?s=19

Checked 1am UK time

Current market cap about USD17.9mil.

PS some of the new Juno investors will be institutions that can't hold Juno because: it is too small, it is outside the investment mandate, they are index funds and it is not part of the index, they invested for manganese and are not allowed to hold iron ore.

There will be a fair few of new Juno investors who need to or have to just get out asap. If they bring it into production back end of the year/early 22 and iron ore prices stay near where they are the dividends will be huge. 500,000 tonnes pa is USD 100mil pa of sales. They reckon that they can to 1mil tonnes pa pretty quickly.

This might turn out to be a really good buying opportunity. It might be a good trade for RRR to dump JMS and reinvest into Juno.

DYOR

I think 12 midnight UK time.

Free shares, people taking profits. I think I will pick some up on Sunday night. A nice swing trade. If it gets back to all square over a week that will be good enough.

DYOR

https://stockhead.com.au/resources/iron-ore-aspirant-juno-times-its-asx-run-to-perfection/

Ha!

I took £180k ish in the Kansai deal and subsequently exercised some 0.75p warrants: next question! So about £190k and a bit.

You should talk to some barristers: first rule is never ask a question that you don't know the answer to.

There is a difference between being diluted to cover overhead and being diluted to acquire assets. RRR is in a much better position than two years ago. It has lost no assets, has added assets and moved assets towards monetisation.

Same applies as before, you want to call the shots; get your cheque book out. If you or someone you know wants a big stake, I can arrange it for the right price and then you can do what you want. 3p a share and I think we have a deal.

DYOR

Have you listened to the interview TDT?

PS for those amongst us who have to take their shoes and socks off for counting: £24mil is more than the current market capitalisation of the company.

DYOR

I know you can read as well as I can. I know you have read the RNSs and you exactly what the money was used for: completing the Kansai deal.

One director went at the AGM because we voted against him. AB no longer controls the board.

I suggest that you listen to the recent Tom Winnifrith podcast where he interrogates AB.

In it, he commits to making a special dividend if the RRAL IPO turns out to be material. The amount RRAL was worth to RRR at IPO was mooted as being around £24mil.

Things just take time. RRR was hoping to get RRAL listed a long time ago and it has just taken longer because of COVID, the shutdowns in Victoria and the deluge of applications to GeoVic.

The listing of Juno was delayed two months because of the messing around by ABP. It lists tomorrow on ASX, about 11pm our time today. Another asset on the balance sheet. You should listen to the interview with Greg Dudack from this morning. Very interesting.

It looks to me that RRR/POW will be hoping to list RRAL around the end of June.

If you want to call the shots, make an offer. Everything is for sale.

As always DYOR.

https://twitter.com/markets/status/1392458310633369600?s=20

The place to be is hard assets, oil, metals etc

Drilling at Creswick just to the north of some RRAL acreage and on trend. See the Oreteck reports.

https://www.investegate.co.uk/ecr-minerals-plc--ecr-/bus/exploration-update---victoria-goldfields-australia/20210513070000Z7124/

DYOR

Very good interview. Talks about exploration upside; by that he means hematite extending into the Mt Ida tenements. No action on the magnetite in the first 12 months but after that will look at it.

Production Q421/Q122 500k tonnes going to 1mil tonnes pa.

At current prices 500k tonnes pa gives them decent revenue.

DYOR

Interview

https://twitter.com/JunoMinerals/status/1392717022895562752?s=19

Missed this...

https://miningmaven.com/companies/red-rock-resources/1153-red-rock-resources-and-power-metal-in-victoria-the-next-fosterville-rrr-pow