Member Info for Helpful

And you are one of the worst. As usual someone posts something factual and/or analytical and you come over all drama queen. Not desperate in the slightest. I am well in profit on this unlike you: BTW for the fourth time. On Steelmin I was asked why I thought it had turned out well and I gave the analysis. It has turned out okay. We don't know what the value is yet but it is not negative or zero. Do you want me to go back and dig out all the drivel you were coming out with about the loan to Steelmin? Or why we would lose JMS or Steelmin would never repay the loan or Steelmin was a scam? The post on Para Resources was a link to an RNS in which they said they said they were repaying the El Limon loan: what is desperate about that? It is factual and most people would not have seen the RNS, particularly as it come out only a few minutes earlier. When the El Limon money comes back (probably next week) then the cash on deposit will be pretty close to RRR's total market capitalisation. In what parallel universe would an investor be desperate about that? Further JMS has said it will declare its next dividend in June/July. As far as I can see things are going in the right direction, not quite as fast as people would like but in the real world things don't. Some big things in the pipeline: the company has said for months it is dealing with Kenya and that it has made progress. I expect we will hear something by the end of June and, guess, the gold price is picking up. RRR has to make a decision on DRC in the next few days. I really hope it is a goer and we press the button. Given the price movement in Cobalt and Copper, we have a cheap deal. The processing plant next door is due to start up in October 2018, so the timing is great. Getting the necessary permits in place to start putting throughput into that plant from early 2019 would be fantastic. Another one to cheer you up. The year end is June 30th. Currently, because of asset write offs the company has no distributable reserves. Some of those assets can now be written back. I don't know but it might be that special dividends, share buybacks and/or distributions in specie are possible after June. Personally, I would prefer that they didn't do any of them but other people take a different view. As I am sure you always do; DYOR.

https://twitter.com/JBrewerMining/status/999762431688691713?s=19

Hey Trolls another one you have been whinging about and got wrong! https://web.tmxmoney.com/article.php?newsid=4545155225916498&qm_symbol=PBR Proceeds of the Private Placement will be used for the final payment regarding the El Limon purchase, for the final cost of the Gold Road PEA, for mill and mine preparation costs at Gold Road and for general corporate and working capital purposes. With this the cash on deposit must be close to the market capitalisation. DYOR

I will remind you of that comment in a few weeks.

Looks like it is on for the 11th June. I was hoping it would list a bit earlier but it seems not. It could be a big week. Production at AR should have started by then. DYOR

A quick reminder for the Cinderella asset. We could be getting news on this any time now. https://www.rrrplc.com/projects-and-investments/gold/migori-gold-project/ If this gets sorted, we have rescued serious value. DYOR

I know you have been around this BB for a while and have probably lost money but you need to look at the facts. 1. RRR owns 22% of Steelmin 2. It cost RRR a few warrants and sleepless nights (not me, others) 3. Steelmin is now a working producer of Ferro-Silicon; First metal was about ten days ago. That is, in case you misunderstand, it works. 4. Commercial production (ie., the plant is signed off and volume production starts) is any day now. 5. Steelmin had a value before we invested. It might not have been a huge one but it had a value. I know that Steelmin at one point were looking to sell. 6. The article from the Bosnian newspaper I posted said that they were waiting on delivery of some filters before going for volume production and that would start in June. In case you missed it June is next week. 7. So what is a plant with say Euro of 7mil debt with a projected EBITDA of say Euro 8 mil for phase 1 worth? Call it anywhere between Euro 20mil and Euro 50mil. Replacement cost is circa Euro 100mil. 8. Multiply out. Whatever that 22% is worth it is a substantial proportion of RRR's �4.6mil market capitalisation. 9. What happens next? I don't know but I expect either more debt to fund phase 2 later in the year or for it to be sold now. It would be cheaper to buy it now rather than wait for phase 2 to be put in place. 10. So what is Steelmin worth to RRR? Low end say Euro 2.9mil, high end Euro 9.5mil. 11. If it were me and the offer was Euro 20mil I would say no but Euro 50mil you have to snatch their hand off. I would say that looks pretty good. DYOR

https://twitter.com/mayan_energy/status/999568242350968833?s=19

https://youtu.be/qtEafTw3VgQ

The 250 bopd was a couple years ago. It is not currently running but they will start the commissioning very shortly. The name plate capacity is 1,000 bopd but it could easily be more. We will know next couple of weeks. DYOR

17.3% of the value of the PQE shares and warrants held by Deloro plus 17.3% of the Mayan shares held by Deloro. The right to subscribe also has a value. I know the dates for start of commissioning and start of production (as they currently stand) but things can change. As the chappie in the video said a couple weeks. Once the plant is up and running PQE can demonstrate it to other interested parties. The guys who own PR Spring might be interested for instance: 284 mil barrels oil in place. What value PQE goes to is down to how well David Sealock and the gang play their cards. It could be a very big number. DYOR

PQE going for it. http://video.foxbusiness.com/v/5788700457001/?#sp=show-clips

Not making anything up. I have all the documents including the draft agreements. It suited both sides. As to whether the MOU is enforceable perhaps if you took advice as to UTAH state law you might be better informed. We will do well with PQE. Immediate upsides: we have tadeable securities now; we have them at a good price: we don't have issues about funding further cash calls on the JV; we don't need to negotiate with PQE about an exit; we have a look through valuation; we participate in any new assets that PQE acquires (I am pretty sure it will, soon); and so on. No one gets everything they want in a negotiation otherwise it wouldn't be s negotiation. I can confirm that all these issues were discussed as nauseum. Dyor

I am in Deloro and was part of the negotiations. It suited both sides to cancel the MOU and redo the deal. Deloro will do well out of PQE and so will Mayan. Deloro now has tradeable securities which can (if required) be pledged for debt funding: that was not possible with the previous MOU. As always there is more to this than meets the eye. It is all going according to plan and we should know more very soon. How long before you are banned this time? Third time/fourth time?

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MYN&ArticleCode=r8c5ydqy&ArticleHeadline=Placing_Acquisition_and_Issue_of_Equity

28.85mil warrants plus some shares.

Sorry not got the warrant register but they got some in the 0.3p round last year and suspect the exercise price was around �120k/�150k. It looks like they have been selling for a while. They could of course be shorting us but the warrants exercise is more likely. You need to look at the RNSs from last year. The will have some of the 0.6p warrants but only about �35k worth. DYOR

I am reliably informed Cornhill. I can only think we will get a warrant RNS this week.

All trades have to be reported, direct or not.

Yawn! Ancient history. Ex Wives Club. So you invested at the wrong time, whose fault is that? Current shareholders should be more interested in what is happening now. Steelmin looks to have turned out well, contrary to what the ex Wives Club said at the time. JMS has worked out well. We just need the next bits to drop in to place: soon Rodney, soon. DYOR