Member Info for Helpful

And as always you should check before mouthing off otherwise people might think that you are lying.

From the recent RNS:

Anglo-Pacific Group plc has an obligation to purchase 0.45% of this royalty interest from Red Rock for $8m upon the achievement by Jupiter of certain milestones, namely (a) a definitive feasibility study and decision to proceed, and (b) commercial production.

Australian Dollars is AUD and $ is US Dollars.

Do keep up.

xx

Tragic,

1. You can't read; PO said something different from what you think he said
2. You didn't answer my questions directed to you, oh expert.

Do you want me to repost them for you?

xx

As always, lets wait and see.....

To be fair actual cash coming into RRR will be a little way off but the intention is to bring Mt Mason into production first and then Mt Ida. A decision to mine probably precedes the start of commercial mining by 6/12 months. If there was no chance of bringing Mt Ida into production reasonably soon then they would struggle to get the IPO away. I expect the IPO document will be available pretty soon and that should give us a good view on the way forward and likely timings.

But..... very good news and one item in the good news flow. I posted a seeking alpha article on here a few weeks back that reckoned that the IPO value would be A$100mil.

DYOR

Hey Tragic, lets talk another one of your predictions: that Jupiter will never, ever do anything with the Yilgarn iron ore assets and that Red Rock's royalty payments would never get paid.

So the gig is $4mil payable on decision to mine, $4mil on start of commercial mining and 0.75% royalty on about 1.84bn tonnes of iron ore. According to the business plan that royalty would be about $10m pa.

So in your expert opinion when do you reckon the JMS iron ore IPO will happen and when the payments to RRR will hit?

xx

Update from Gulag

https://twitter.com/Gulag_CP/status/1301768833443692544?s=19

Very, very good news for Red Rock

https://themarketherald.com.au/jupiter-mines-asxjms-approves-yilgarn-spinoff-2020-09-04/

Funny, if wanted small profits I could sell now.

As I keep saying to you but it doesn't penetrate your skull, I want the maximum profits and that means not converting before December unless we get a serious spike in the SP: this is not a spike.

Neighbours...

https://www.prnewswire.com/news-releases/fosterville-south-reports-multiple-long-intervals-of-gold-mineralisation-from-golden-mountain-drilling-301123664.html

Wanna check those meds Tragic?

All square on IG which is more accurate.

Why don't you post the admin expenses from 2012? Thst is always a good one.

Tragic as usual you don't understand.

POW is an investment held for sale: it is liquid and saleable. It looks like TSI sold out its position yesterday in one trade. That means the overhang has gone. What should happen now is that POW has a strong rise as the news flow comes in.

Not definite but likely that RRR can sell its position in one go and bank between £750k and £1mil in due course.

DYOR

Told you: he has spreadsheet of pre-prepared comments that he just cuts and pastes time after time..

Anyway, POW is off t'races. 2p looks to be incoming. At 2p our holding is worth £750k

DYOR

I told you: it looks like Eridge dumped yesterday.

Relatively speaking it was an expensive deal but it has had a lot of money spent on the infrastructure. You can pick up deals cheaper but they come with issues and capex requirements. This should be a nice steady producet without much having to be done.

Titan, I am not the one sat on a loss. I have only ever made money on NTOG..

The deal yesterday was a decent deal. It takes NTOG closer to break even. The Cypress drill should take them to break even.

I expect NTOG will do more similar deals but they are hard to get and can fall out of bed at the last moment.

DYOR

The wrong nominee position was being reduced. Eridge should issue a TR1.

Hey Tragic, you promised us 0.4p a share; what happened?

Oh and what happened to the CLN conversion notices that were incoming once we got to 0.6p?

According to you the share was being ramped so the CLN holders could get out; could it be that you are 100% wrong again?

Looks like Eridge is out and so the overhang has gone.

This is relevant for our POW position bug is also a read across for the Macalder tailings.

https://www.lse.co.uk/rns/KAT/blyvoor-gold-production-jv-progress-update-4c0fncovl18iinl.html

DYOR

Tshipi dividend declaration (a bit early)

https://twitter.com/Slowder5/status/1301291213572599808?s=19