Member Info for Helpful

https://twitter.com/HedgehogTrader/status/1298994870405615616?s=19

Not bought or sold Tragic. Just sitting and waiting....... I have CLNs and warrants, I can sit and wait.

Do you want me to give you my SOTP calculation for Xmas 20? You might not like it!!

1p might be later today the way things are going.

Interview

https://twitter.com/PowerMetRes/status/1299244085719564288?s=19

Confirms corporate interest in RRAL.

You sold too soon. Get over it. I sell too soon on a regular basis: the benefits of hindsight.

I will be holding for full value here. Do an SOTP for Xmas 20 with some reasonable assumptions and see where you get to.

Hey Tragic, surely you can't be right on this? You insisted to me that all the CLNs would converted once the SP got to 0.6p: given that you are never wrong surely have all been converted and this now a dead issue?

Currently on his way to Nairobi. Why do we think he might be there? Answers on a post card.

https://twitter.com/LGamblor/status/1298423253673730048?s=19

You sold too soon and too low: get over it. It is best you let it go now, it is only going to get worse for you.

The NC 43-101 will be out soon and then the pre-IPO funding discussions will get started. The Petratherm deal was for A$21mil and Skarb went up 300% yesterday valuing the assets at A$63mil plus. RRAL has far more than twice the acreage and RRAL reckons better acreage.

What the pre-money valuation will be I don't know but it is likely to be north of A$30mil.

DYOR

http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200827:nRSa2605Xa

https://twitter.com/LGamblor/status/1298423253673730048?s=19

https://twitter.com/pauljohnson9691/status/1298595553362796545?s=19

Morning Tragic, how has your day been do far?

Care to explain to us what the Petratherm deal means for the RRAL license applications?

I am interested in why it would be that Petratherm's licenses are worth A$21mil and RRAL's zero?

News incoming JMS shortly: quarterly update due soon and the Tshipi dividend declaration due soon.

xx

DYOR

Hot...

https://twitter.com/vhumphries13/status/1298418899638079489?s=19

Revealing...

Red Rock owns Mid Migori Mining Ltd 100%. The liability is to Kansai/its owners.

Shows me that you are another expert that can't read...

https://www.londonstockexchange.com/news-article/RRR/progress-report-african-exploration-assets/13680730

https://twitter.com/LGamblor/status/1298136186632863744?s=19

This has a link where you can download the RNS

https://twitter.com/LGamblor/status/1298136186632863744?s=19

Values PTR's gold licenses at A$21mil.

DYOR

Another deal in Victoria.

https://twitter.com/StirlingBridgeR/status/1298261542606053377?s=19

*fairy tale.

I didn't counter claim anything. I said that RRR has liquid assets that can be sold. CAPEX is once off expenditure. The tailings can be brought into production pretty quickly once a mining license is agreed. RRR has already done the work on what was required and had previously submitted a mining application on the tailings. It can be dusted off and submitted pretty quickly. I suggest you read up on the RNS for the JORC on the tailings and the RNS about submitting a mining license application: metal in place at current prices about $170m excluding any value for the copper and zinc.

RRR has said multiple times it has a JV lined up for Migori: the licenses were only renewed a week ago. It takes time to execute on a JV, I would expect something in the next couple of weeks. Greenland is nothing to do with Migori.

RRR has multiple things going on that will bring in value. I could tell what I think the deal will be on the Migori JV but it will just upset even more about selling.

NB getting Migori back transforms the balance sheet: RRR wrote off £5.2mil against the Migori asset. What do you reckon it should be in the books at now with gold around $1,900 and silver around $27?

I think that the RRAL JV will be listed early December on the TSX and will add substantial value to the balance sheet.

Anyway, mustn't turn into Mr Tragic Mk II must we?

DYOR

Hey Expert, according to you there was going to be a flood of CLN conversions once 0.6p was reached: where are they?

Maybe I understand more about the CLNs than you do?

https://www.kitco.com/news/2020-08-24/Gold-at-3-000-Upward-gold-price-trajectory-to-accelerate-Bloomberg-Intelligence.html