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JMS said a couple weeks back they were going to get back into iron and iron feedstocks: they may have known there were issues with port coming up. Not sure but if I remember they need to put a railway link in to the port.

Excellent spot. Jupiter will be all over that.

Hey Trolls something else to get excited about and say AB has made up. http://www.mining.com/goldman-says-mining-supercycle-back/

No announcement but has Steelmin already got offtake agreements in place?

Plan coming together

https://www.eurasianresources.lu/en/pages/bdp/metalkol-rtr-the-roan-tailings-reclamation-project

https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2017-06-05/owner-of-1-billion-cobalt-project-says-rally-is-far-from-over

https://www.eurasianresources.lu/en/pages/bdp/metalkol-rtr-the-roan-tailings-reclamation-project

If the metal is in place as indicated and we get the production license then DRC is a cheap deal. The value of the recoverable metal is huge.

RRR can probably do DRC without the Steelmin loan being repaid but would need to bring in a farm in partner. Secondly, deals can be renegotiated. Ideally, the Steelmin deal gets repaid. RRR has a charge over the assets of Steelmin: so RRR and RRR's solicitors will be involved in the Steelmin paperwork re the refinancing. RRR will have also seen the offer terms for the refinance. AB will have a pretty good idea whether it is going to happen or not. Fingers crossed, it happened on Friday and we get to know Monday/Tuesday: solicitors like Fridays for completing these types of deals DYOR

Read the RNSs. What is the point of speculation if you haven't even got your head around the basic information in the RNSs.

Read the Align Research report on their website, it gives a pretty detailed overview of RRR. Colin, I said, "it will be". I fully expect Steelmin to have repaid by COB Wednesday and if they don't it costs them another 1% of the equity and another month's interest at 13% pa. Unlike the Trolls on here who refuse to accept any evidence whatsoever that things might be on the up: I think the Steelmin team know what they are doing and will repay. Only a few days to go: what will the complaint be then? Probably, "oh they repaid us in Dollars and it will cost us to convert it to Sterling." Except RRR needs dollars to execute the DRC deal, so they don't need to convert it all. DYOR

It will be interesting to read how the Trolls explain how and why Steelmin has managed to repay RRR.

You should get an job as a Channel 4 interviewer, they like putting words in other people's mouths. If I was after I spike why would talk about the fundamentals of value. Everybody buys and sells it is just a matter of timing. Income investors might hold for longer than growth investors but if someone has invested in RRR as an income investor they have picked the wrong company. An income investor doesn't talk about undervaluation they talk about income, yield, dividend cover etc. In two or three years time RRR might be an income play but it is definitely not one right now. Again, you applying your view and thinking it is an objective fact. AB and RRR have done well over the last year and I think will continue to do so. Sit back and consider what is in the pipeline; there is value to be had here. You never know, the Elephant Oil might even turn out well in due course. DYOR

ABS, just so you understand. I don't really care what happened 5/7 years ago. I wasn't a shareholder, maybe you were but that is your problem not mine. I have made money several times now on RRR and am again well in profit. I am only interested in the deals on the go now, can they be brought to fruition and how much money will the company and me make. Some of the things people go on about on here relate to RGM: I am not a shareholder in RGM and really couldn't care less about what happened or is happening at RGM. Questions for you: 1. Is JMS making a distribution or not? 2. Is JMS doing an IPO or not? 3. Has Steelmin got an offer of refinance or not? Are the answers to the above positive or negative? Is the company undervalued or overvalued? In my view they the answers to the above are positive. Fine, the company used to be worth more five years ago but that has no bearing on what is happening now. You sit there and talk about the good old days and I will just keep an eye on what the company is doing now. DYOR

If they are still shareholders they should be happy with the way things are going. According to some of them, Tshipi was worth nothing and would never be sold; the dividends were miniscule and not worth having. In any case, even if they were, AB had lost it all on his mad venture with Steelmin. Further even if the above worked out ish, the DRC is pie in the sky and would result in massive dilution for another mad venture. NB have a look at the current price for Cobalt! So far it looks like things are working out for AB and RRR. When we get the RNS confirming that Steelmin have repaid the loan on say Friday 2nd February it becomes blue sky for RRR. Obviously many a slip twixt cup and lip but we are nearly there. DYOR

The article in the Australian newspaper said shareholders would have the chance to cash out 20/30% of their holdings. Back end of March/middle April RRR should be cash rich. Para Resources repayment of loan note and royalty payment Steelmin repayment JMS dividend JMS share sale on IPO We just need AB to sort out Migori and DRC then this will be a proper company. With a bit of luck, he will get something going at Elephant Oil in due course. At $30 oil that was dead in the water, at $65 heading to $100 it should be a goer again. DYOR

It is the Ex-Wives Club that have helped create the buying opportunity. When the distribution hits and JMS lists they will complain it is the wrong type of money and the wrong type of listing. No point in arguing with ex-wife; we should know pretty soon what is happening on the listing. I did think that the putative valuation in that article from the Australian papers two week back was ridiculously low. The figures in the JMS release would confirm that. If JMS is listing by the end of Q1 they need to get their skates on. I would think that they need to actively start the process no later than the middle of February to get it all done in time. DYOR

It is not either/or it is both. A cash distribution and it intends to list.

About $500k to RRR.