Member Info for Helpful

https://www.explorercheck.de/module/news/news.asp?action=d&did=52

https://twitter.com/kirillklip/status/1097035654242930688?s=19

https://twitter.com/AmberMining/status/1097148921044963329?s=19

https://twitter.com/TereaAfrica007/status/1097093626285441024?s=19

Hey don't believe what I say, do some research. As I said, I think they will start some "test" mining shortly alongside the preparation of the JORC report.

One of the reasons for doing the JORC report is to deal with the "it can't be true because..... Andrew Bell" issues.

We will see what it says soon enough.

DYOR

https://twitter.com/iancassel/status/1096753004399812609?s=19

You need to check out the history of Musonoi. No you don't need deep pockets in this case, though it might be helpful.

1. It is an existing mine down to about 100m and is open pit
2. The mine workings are still there and can be reactivated
3. Gecamine has already done drilling on the site
4. It is likely that some more drilling might be needed because the full extent of the resource hasn't been defined.
5. They already have a 3D model of the resource built from the Gecamine records.
6. They know what has been extracted and what is left.
7. In my view the next step is some test mining whilst the JORC is prepared.
8. There is no need for infrastructure it is all there .
9. There are off-takers who have spare processing capacity nearby.
10. I expect the Migori license back shortly and that will fund the further work needed on the licenses.
11. Test mining will generate income in the short term.
12. The licenses are on the DRC Mining Cadestre if you want to check them out.
13. You might want to speculate if they exist: I have copy contracts, signed, dated and notarised plus the coordinates.
14. The John Boardman tweet gives you the location of Musonoi but RRR has six in total

DYOR

In mining and minerals a lot is about timing. It does look like copper, cobalt, nickel, vanadium and so on are about to have an upswing due to EVs. A 30% increase in the metals prices makes a huge difference; most but not all of that falls straight to the bottom line. Just as gold mining companies are a geared play on the gold price, the same applies to other miners and other metals.

If copper and cobalt move up over the next two years, as it looks like they will, then even incompetent management will get a result. Regardless, it looks like RRR has landed on its feet with the DRC licenses: it is probably a complete fluke etc but nonetheless they have them. This tweet shows you where the Musonoi license is physically located.

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

These licenses are 10 x better than the tailings projects RRR was after.

We should know in 8/12 weeks what the JORC resource says. AB has said he thinks around 200k tonnes of copper and round 20k/30k tonnes of cobalt. Regardless of who owns the asset that license becomes worth serious money once the JORC report confirms anything near what AB reckons is there.

DYOR

https://twitter.com/GianniKov/status/1095719355810119680?s=19

So have you spoken to him or not? Have you been swapping emails about RRR or not? Seems a bit of a step to say that you know what he is doing if you haven't been in communication with him.

Heading to $56 again.

They could also do similar things with remediation of oil tailings, with road aggregate/tarmac and with asphalt roof tiles.

In Texas the demand for road tarmac is huge because of the weather extremes, same with Utah.

How do you know, have you spoken to him?

Deal agreed at #ABM https://twitter.com/RRR_RedRock/status/1096369121338556417?s=19

https://twitter.com/RRR_RedRock/status/1096369121338556417?s=19

Amusing but no. As I said on 06/02 they had a seller. It was pretty obvious it was PG. Four MMs parked on 0.7p. PG has done a deal (it looks like it is still in place). What happens is that the seller lets his broker know what price he will take and how many he will let the MMs have. So once they have the undertaking they know they can bang them out at a guaranteed profit. I have done similar before. What PG should be doing is gradually moving the price up each time he lets them have more stock. If it he did that we would probably be closer to 0.8p. So until we get the next bit of substantive news, we will probably stay where we are. Any big buyers should bid PG directly at 0.65p: no point in giving the MMs free money. If the 4 MMs start to move off 0.7p then PG has cancelled his deal and we move up again.

Helpful
Posts: 6,025

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6 Feb '19
So it does look like the MMs have no stock of their own but they do have a seller willing to supply stock at 0.65p. So looks we will stay where we are for a little while.

DYOR

Only one reason for AB to be going to Kenya

https://twitter.com/RRR_RedRock/status/1095679489055621120

Lets hope that Migori is finally sorted!!!!!

https://twitter.com/HartleysResrch/status/1095144199920353280?s=19

Not sure that Alex has got the hang of this getting the share price up malarkey.

So our friend Mr PG has been reducing his position. Obviously, has said he will set at 0.65p. The question is how much does he want to get rid of?