Member Info for Helpful

https://australianminingreview.com.au/news/copper-regains-shine/

To be fair management are really restricted on when they can buy. See the Paul Johnson interview re POW. He explains that he had a 2/3 day window to buy. Likely we are so close on Migori management can't buy and then it will be issues around DRC and RRAL and then we will be into a closed period for the accounts.

So AB confirms in the interview that RRAL will be going for a separate listing. As he says Fosterville South raised some money pre-IPO and then raised money at IPO: 40c to 240c.

No doubt the same will happen here: a "mates round", then IPO, then get some work done and raise a bit more. Interestingly he says that they are looking at negotiating into some well established companies: hinting at an acquisition pre-IPO?

DYOR

https://twitter.com/RRR_RedRock/status/1271064828136886272?s=20

Ah Zumore, another who can't read.

I offered no comment merely flagged up what it said. My view is that RRR should not be tweeting in this manner. If they intend to IPO RRAL they should say so in an RNS.

What I expect is that they will value up RRAL at around £5mil, do a mates funding round for £500k and then IPO it in Canada with a new board.

The Fosterville South comparator is the model. You can dig out the numbers for yourself.
DYOR

https://fostervillesouth.com/

https://twitter.com/RRR_RedRock/status/1270997137841676290?s=09

So there you have it: RRR intends to IPO RRAL and is comparing it to Fosterville South.

DYOR

https://twitter.com/StockBoxMedia/status/1270741757786021888?s=19

https://twitter.com/StirlingBridgeR/status/1270658734168190977?s=20

Interesting map.

https://twitter.com/TereaAfrica007/status/1270669813673852929?s=20

https://twitter.com/RRR_RedRock/status/1270630554329849857?s=19

Hey Mr P is this what is supposed to happen?

There are some idiots around. Why would you take 0.37p when 15 minutes earlier you could have had 0.42p? Sold himself short and messed up the market for the moment. Whoever it was should have got at least 0.4p.

Takes all sorts.....

0.438 paid.

Someone is keen.

Is this to do with Mesquite?

Not looked but if permits are issued in Texas, they should be on there.

I never liked Mesquite, I thought it was a waste of time and money at the time and so it has been proved. I have told him that was my view. I have always liked Pine Mills: he should have just concentrated on squeezing every drop of value out of Pine Mills instead of chasing after Mesquite.

Thanks

Well done Mr Partridge, that is a bit more like it. Are you sure that you put everything in there?

The one about gas being the next one to fail is a fun one: are you saying that the UK can provide 100% of its power requirements through renewables, nuclear and buying from abroad? Perhaps you should be writing for the FT with insight like that?

If one looks at the trading, it looks to me that some people think that something is happening here. Perhaps you need to be a bit more determined in your deramping?

DYOR

http://webapps2.rrc.texas.gov/EWA/drillingPermitsQueryAction.do

Texas Rail Road Commission is the regulator and all records are online: operator, permits, production etc. I will post a link later if I can get around to it

Cypress need the drill permits first. If you keep an eye on the RRC database you will know when the permits are issued. I would expect them to be issued any time now. Cypress need the drill title report and then the permits. If the permits show up then that means the drill title report has been done too. With those two steps done it means Cypress is spending proper money on the project.

If WTI stays over $40 they will be drilling soon.

DYOR

I am disappointed in you Partridge, all that expertise and no one listens to you,....