Member Info for Helpful

Https://x.com/i/status/2004926514593464323

DYOR

Https://x.com/i/status/2004915559771545946

DYOR

Https://x.com/i/status/2004698731820843344

DYOR

$4,534

DYOR

$4,522.

DYOR

In the Christmas Spirit I see Foggie.

Sad!

Https://x.com/i/status/2004269459490721866

DYOR

Https://x.com/i/status/2003448246405066763

DYOR

Https://x.com/i/status/2003865225112482041

DYOR

Https://money.tmx.com/quote/SOMA/news/7914138710877984/SOMA_GOLD_ANNOUNCES_THE_COMMENCEMENT_OF_DRILLING_ON_PSYCHE_2_COPPER_ANOMALY

DYOR

Boring Boy, last response to you for a bit. Life is too short.

What RRR owes to someone else has nothing to do with the renewal. All that matters is the renewal. Once the licence is renewed then RRR can move things forward. The law around the renewal (a relatively new law) favours renewal. Owing money to MMM is irrelevant to this purpose.

Since you are as dumb as a rock, the licence RRR has, is a new licence. When RRR won the legal case in 2020, the mining code had changed and it was agreed that a new licence had to be issued under the new Mining Code. It was not possible to renew the licences under the old code. That is what is being renewed, not the old licences that MMM had.

As usual when someone makes a substantive point that you don't like, you try to get any discussion away from the point you don't like.

The new licences issued in 2020 are in renewal. As always, we wait.

zzzzzzzz

DYOR

As usual, they make stuff up and ignore what is inconvenient.

RRR has two JORCs in Kenya, one for the Macalder Tailings and one for Migori in Kenya.

RRR had someone wanting to partner up on Kenya but it got blown out of the water by COVID. At the time gold has $1,800/$1,900. Gold is $4,486 at the moment (remember all the times TDQ said that gold wasn't going up).

"Resource Estimates (circa 2010-2011):

Around 1.64 g/t gold, totaling roughly 75,000 ounces.

A measured resource of 1.28 million tonnes (Mt) at 1.65 g/t gold and 33.5 g/t silver.

Another estimate cited 68,000 ounces of gold at 1.7 g/t."

I am sure that the trolls can find someone who do multiplication and multiply out. Silver is currently $70.

Elsewhere it was stated that there was copper at 0.3% grade (not in the JORC). If you multiply out that is about 24k tonnes.

Migori

"Resource Details: The current Mineral Resource Estimate (MRE), updated in 2021 to meet JORC (2012) guidelines, is estimated at 15.13 million tonnes (Mt) @ 1.49 grams per tonne (g/t) Au, containing 723 koz of gold (at a 0.5 g/t cut-off grade). " RRR needs to do a bit of drilling to restore the ounces from the previous JORC that were lost on the updated report.

As we all know accounting and the real world are not the same.

I expect that we will have progress on the renewal fairly soon and then RRR can get moving and grooving on doing a deal.

DYOR

Foggie, not had anything deleted and not been reading your drivel. Presumably admin actually enforcing the posting rules. How you have not been banned yet is beyond me.

zzzzzzz

I see the trolls' favourite company to bash RRR with over the last two years is doing well. MCs have crossed over but for some reason our resident trolls don't feel the need to cross over and input their expertise.

zzzzzzz

COMEX $12,000/ton

DYOR

$4,425

DYOR

Boring Boy, you really do need to find something to do with your life.

The way it works is as follows:

Auditor says, this licence needs to be renewed.

RRR says, it is in renewal, not yet renewed.

Auditor says, you know it will be renewed?

RRR says, of course not.

Auditor says, well it needs to be written down unless you can provide a reference point that gives another value given it has not been renewed.

RRR says, of course not you FWs. If it needs renewing and is not yet renewed then what other reference point can we provide?

Auditor says, then because you have no reference point other than nil, it must be written down to nil.

If you understood how this works then you would realise this. Once the renewal is completed then the value gets written back. It is not that difficult.

I have no issues about it but you a non-shareholder ex-accounts receivable clerk do. Very strange. Will you still be drivelling on about it on Xmas Day?

Anyway, stuff to do Boring old Chap.

DYOR

Boring Boy for someone who reckons his forte is being an accounts clerk, you don't seem to understand much about accounting.

Anyway, had a quick look..... This is interesting...............

"We are now making sales of gold and other minerals a short-term priority, and a key operational task at present is to develop our operations in Burkina Faso and the DRC to generate a steady stream of income."

We know about BF and Boulon but what little surprises has Santa got for us in his DRC bag?

DYOR

Well I am sorry to say I have not yet read the AR. I will get around to it at some point.

As usual you misquote people and take things out of context. I suggest you go back and look at the presentation and what was said at the time.

Your usual comments mix up what is accounting protocol and what is the real world. Assets get written down in value all the time. The protocol is to write down unless there is something to justify otherwise. In the last year, I have had two things that looked like they should be written off and yet they turned out okay.

Anyway, lets see what this week brings TDQ.

DYOR