Member Info for Helpful

Re Mount Mason and Mount Ida

https://twitter.com/AmberMining/status/1098221076486766594

That is a huge asset.

NB sorry Katanga KOV is at 2 on the map not 5.

It has been pointed to me that you have finally done some research and noticed that there is a mine near Musonoi called Katanga. You are still on filter and I am still going to continue to ignore your nonsense.

Katanga
This tweet from John Boardman shows where the Musonoi license is in relation to Katanga and other licenses

https://twitter.com/Boardo65/status/1094816758546845696

Musonoe is at 1 and Katanga is at 5. Around Musonoi there are 8 licenses in total. The license that abuts Musonoi is the KOV asset which is shown as being 2 on the link from JB.

This link from Katanga Mining. It has two main assets an underground mine (Kamoto) which has the uranium issue and the KOV which does not. http://www.katangamining.com/operations/key-assets.aspx

You will note that copper and cobalt miners generally have not stopped extraction and exports it is solely Glencore and Katanga Mining. Regardless RRR doesn't have a processing plant and has no intention of building or acquiring one. As you will see from the JB video linked earlier, one of the issues preventing Winmar from relisting on ASX was a supply of ore to process. This shows the issue in DRC: there are processing plants with excess capacity and in need of feedstock.

Once RRR has decided on test mining it will be able to select the processors that give it the best price and best terms. If one processor can't process the feedstock efficiently then another one will.

At least you have moved on from, it can't be true because......Andrew Bell to, yes there is copper and cobalt there, what are the new issues, if any.

FYI The Kamoto mine is a bit like the Musonoi mine in that it is an old mine brought back into use.

https://en.wikipedia.org/wiki/Kamoto_Mine

So when someone asks why did they stop mining Musonoi and why is there is still metal left in place; it wasn't just Musonoi the same happened with other assets.

As Mr AB has said he will be in Kenya and DRC very shortly dealing with the next steps.

Watch this space, you know it makes sense.

DYOR

Take a look at Musonoi

This the guy from 1620 Capital. He is a director with Winmar who we had an indicative offtake agreement with:

https://youtu.be/ndtZQKnpQOw

Who would have guessed? Completely out of the blue..

https://twitter.com/HedgehogTrader/status/1097969304748871680?s=19

DYOR

PS the important bit is about the accounts being published: this releases the JMS shares held by RRR from escrow.

DYOR

Just read the RNS on here and the formatting doesn't read very well. This is better from the London Stock Exchange website.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRR/13974571.html

DYOR

So the wrong type of dividend then?

https://www.proactiveinvestors.com.au/companies/amp/news/214843?__twitter_impression=true

https://www.jupitermines.com/cproot/874/3/20190219%20Jupiter%20Delivers%2024pct%20Yield%20in%20First%20Year%20of%20Listing.pdf

Obviously, some will say it is the wrong type of dividend; the money smells funny or something like that.

DYOR

Obviously, I was teasing about the made up ramp bit.

Bottom line, there is a copper shortage looming and the price will respond.

Another made up ramp for the ex-Wives Club.

https://twitter.com/StockheadAU/status/1097611716605685760?s=19

Funny guy! I don't give advice on here and anyone who would take any notice of any advice that was offered on here is heading for a fall.

If you have a look you will see that I mostly post links with information. Unlike our friends in the ex-Wives Club I like to keep it to the facts.

It isn't me that creates analysis that shows that the copper market is tightening and the price rising; it is out there whether I post it on here or not. Same with the analysis relating to takeovers in the copper sector. Sandfire looking to take over MOD Resources is just a particular example of a more general trend.

I do expect that once RRR publishes its JORC report that there will be some interest in it from other companies.

In the oil sector the market goes through phases where it is cheaper to buy oil on the stock market than to explore for it or do trade deals or buy it in the commodity markets. The same will apply in respect of copper. Right now AB has made it clear what he thinks he has at Musonoi but he can't back it up with a JORC resource report but he will be able to do so in a few weeks. At that point it will be clear what RRR has and what it is worth.

DYOR

$56.60

Things are probably on hold in Venezuela at the moment.

I wish I could; it would be a useful start

As I said..

https://twitter.com/proactive_UK/status/1097446384674979841?s=19

Attaching a link to analysis that says that the price of copper is due rise is ramping?