Member Info for Helpful

More on Para Resources from earlier in the year: this is what the Pandion financing is to be used for.

https://www.bloomberg.com/press-releases/2018-06-20/para-releases-request-for-proposals-for-contract-mining-at-gold-road-mine-in-Arizona

"This is an important step for the Gold
Road Mine as we move forward with our plan to start-up mining operations in
October of this year. The ramp up plan contemplates initial production of 250
TPD growing to 500 TPD in early 2019."

Tragic I have you on filter but when a message is filtered BB indicates that it exists. I just logged out to see what nonsense you are spouting now.

You really do need to get help mate.

"Shares don't have value until they are sold" or some other such drivel. Well if that is true, the same applies to BP or Shell or Apple or Twitter etc. If you think that the only that has value is cash on deposit then you need to stick switching your remaining £250 or so between building society accounts.

I am sorry it sticks in your craw but things are going well for RRR: it is not my fault that you invested big time in RRR six or seven years ago and didn't know what you were doing. From the infuriated rants I occasionally see, you still don't understand how the investment process works.

xx

Para has to supply 44,000 ounces of gold over the next 54 months; RRR has shares, warrants and a royalty. Do the numbers boys and girls.

Who is we?

I am in profit here and have banked profits before. JMS has come to fruition; we just need the dividend confirming in the next couple of weeks and the cycle is complete. Steelmin looks okay; it needs a bit more work. DRC; AB obviously thinks that is a done deal now. On other bits and pieces he is close but not quite there. Para looks to be doing okay to me.

https://www.bloomberg.com/press-releases/2018-08-14/para-closes-c-18-8-million-us-14-45-million-pre-paid-forward-gold-purchase-financing-with-ppg-arizona-holdings-lp

Steelmin is producing commercially, RRR has stated as such. It is EBITDA positive, what it is not doing is generating enough cashflow to meet its full working capital requirements, as AB has indicated. He has indicated that RRR will support Steelmin through to profitability (not the same as EBITDA positive) in exchange for control.

RRR has funds at its disposal to support Steelmin but it could also do another YA Partners type deal where the costs are passed through to Steelmin.

For example re working capital, AB was interviewed and indicated that some kit was needed to add to the cooling system so that the plant could operate at 100% capacity.

If RRR goes over 50%, Steelmin gets treated as a subsidiary and its income figures get included in RRR's figures.

A newsletter is out, updating things.

DYOR

https://twitter.com/Lazerblue/status/1036190171258073088?s=19

Same with UK stock: it is printed on the back when it is locked in till. The Registrar won't t transfer stock without the written agreement of the company during the lock in period. This means a trade cannot be settled with that stock.

Told you: sounds to me like SG knows what he is doing. MYN should fund its share and then farm down with ADL when it brings partners in. Failing that sell our rights.

Reread the ADL RNS earlier. That reads okay too.

It doesn't look to me that Mayan has to give a decision just yet about whether it wants to take up its 12.5% because the deal is still conditional. The biggest condition is that the Indo Govt agrees to extend the PSC. Back stop date is end of December: that must mean that they are pretty confident that the Indo Govt will grant the extension.

Looks there will need to be some negotiation about the rights because the deal is not straightforward. The implied monetary cost will not be known till the deal actually completes but it doesn't look like much unless the ADL share price rises markedly.

Where the cost will be is the share of the workover costs.

https://twitter.com/BlockEnergyplc/status/1035476647049351169

Sounds okay to me.

All thanks to Randy Connally. It makes a nice portfolio: Block, Petroteq, ADL plus our own deals.

Market seems to like the ADL deal.

The participation rights have value, even if only a couple of hundred thousand. Three options: we participate and fund our share; ADL buy us out; we sell it on to someone else. Letting it just lapse would be poor on the BOD's part.

Best if ADL buys out our participation rights.

Inconvenient but nothing more: I topped up at .4349 but my lowest is 0.26 ish. All the ones I know are still holding. The waiting is tedious though.

Indeed. I like their new chap, he seems to know what he is doing. The previous lot got off to a bad start with their initial fund raising activities and never recovered. There was a big comoany, small company mis-match.

Hopefully, it has translated into a good deal.

https://m.londonstockexchange.com/exchange/mobile/news/detail/13681896.html

https://twitter.com/BlockEnergyplc/status/1034348528120811521?s=19

Fingers crossed, we should finally get the big announcement from PQE.

Big news: it means Block can now progress any potential farm-in or JV it has lined up.