Member Info for Helpful

Well you have been saying that for two years, eventually you will be right.

https://www.proactiveinvestors.co.uk/companies/news/919968/red-rock-resources-submits-new-licence-applications-to-explore-victoria-goldfields-in-queensland-919968.html

https://miningmaven.com/blog/1051-power-metal-and-red-rock-fly-as-they-apply-for-more-gold-ground-in-victoria-rrr-pow

https://af.reuters.com/article/metalsNews/idAFL4N2D00JM

https://twitter.com/RRR_RedRock/status/1259062534226808832?s=19

https://twitter.com/ColinSt30481392/status/1258999166040109057?s=19

https://markets.ft.com/data/announce/detail?dockey=1323-14416305-2VQC4EHHPM0VMTU73EJHNF2U0U

I can see how it would appear that there is no progress to someone who does no research and in any case doesn't believe anything.

If you do your research:

1. Check the Kenyan Mining Act 2016 this sets out how the licenses are to be reissued.
2. Licences being reissued applies to everyone not just RRR.
3. It sets out the role of the Mining Rights Board
4. https://www.miningreview.com/east-africa/kenya-mineral-rights-board-key-reform-agenda-mining-sector/
5. It is the role of the Mining Rights Board to make a recommendation on who licenses are issued to.
6. If you check out the Kenyan Mining Cadastre you will see that the MRB has recommended that the licenses are reissued to RRR.
7. https://portal.miningcadastre.go.ke/Site/EmbeddedMapPortal.aspx?PageID=f877b9bc-d68a-415f-b051-5048ff5a68b0
8. RRR has ticked all the boxes for the licenses to be reissued and now all we do is wait.
9. Soon? Well the court case was settled in October 2018 and MRB made its recommendation in September 2019 https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRR/14232628.html
10. What we are waiting on is the final offer letter then we have to pay some minimal fees and get some official stamps to say that the fees are paid. Then we are off to the races. It could be tomorrow or next week or a couple of months but it is not years.

Anyway, as always DYOR.

So the reissue of two licenses with a 1.2m Oz Gold JORC and up to 3mil Oz to be proved up plus a 60k Oz JORC on a tailings project will make no difference?

Plus AB has repeatedly said he has a JV lined up and that will make no difference?

When RRR agreed to drop the legal action in return for the licenses being reissued GOLD was at $1,300 an Oz and is now $1,700 an Oz but that will make no difference?

RRR had Migori in its books at several £mil which it had to write off when the legal dispute started and will soon be able to write it back but that will make no difference?

Maybe your personal vendetta is clouding your judgement?

DYOR

You didn't say but probably because it is your contention that it will never happen but...

If and when RRR announces that the Migori licenses have been finally re-issued under the Mining Act 2016 and that it has signed a JV, any chance of you getting back in your box?

xx

https://youtu.be/jxNE8WPU-BQ

To see a blocked tweet: copy the URL/link, log out of Twitter, post the URL/link in your browser and hey presto.

Looks me that Cypress will definitely drill now and sooner rather than later. GS and JPM both reckon $50 oil in 2021. Cypress are already spending money, they would only not proceed if the oil price was heading south. We should know more shortly.

DYOR

It is a matter of public record that Red Rock had no interest in Kenya/Mid Migori before August 2009 when the deal was announced with Kansai. So your assertion that it was sat on for 26 years is misleading. There was no JORC resource in place when RRR got involved.

https://www.rrrplc.com/wp-content/uploads/2017/02/RRR_RedRockResources23.08.2010.pdf

This might help you understand the background.

DYOR

I am posting your nonsense here so you can't have it deleted when the Migori license is issued.

I note that you didn't take the bait: so what will you say when the Migori license issues are resolved?

lols Helpful

You mean the Migori license that RRR had revoked because Migori had sat on it for 26 years doing very little ?! Good luck with that.

Meanwhile, take comfort in the fact that there are now only 162 working days to go before you have to kick your worthless CLNs down the road for a 4th consecutive year . Even with the conversion price having been lowered from 0.8p to 0.6p, at the current 0.2p levels you need the share to bag twice just to be close to a position where you can consider converting but it's a nailed on certainty for me that by the time December comes around the confetti machine here will have been well oiled and Bell will have issued millions more shares at discount to keep himself in salary and expenses. So SP only going further and further South imo.

By then it will probably time for another share consolidation to try and make the SP look respectable again !

Nothing will ever change here until BOD are removed.

DYOR

https://twitter.com/NTOGplc/status/1257357451764084736?s=19

https://twitter.com/RRR_RedRock/status/1257573300257140738?s=19

When RRR gets the Migori license issued and does the promised JV, any chance you will give it a rest with your nonsensical witterings?

SK is CEO at Curzon and RGM: both are doing deals, he has to prioritise. There is only so much time in the day.

xx

From the POW website, this shows where the licenses are situated..

https://www.powermetalresources.com/s/52/australia

This is interesting..... ECR had licenses to the North and sold them to Fosterville South Ltd.

https://www.lse.co.uk/rns/ECR/sale-of-exploration-licences-for-cash-2eqw7hpj4uidtjz.html

https://gsv.vic.gov.au/sd_weave/anonymous.html

You can search the licenses on this link.

DYOR