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https://t.co/YJ5FQYvKrq?amp=1

Nothing to do with me, I didn't see it. Anything interesting? Do the numbers on the DRC deal for yourself, it looks a good deal. Luckily AB has managed to spin out the DD process so that by the time he has to come up with some cash, he should have it. DYOR

Yep, I know about that. Have you calculated the value of the metal in place at current prices? In one breath you are saying get a decent asset (which DRC looks to be) and in the next complaining when RRR does line up a decent asset. We should know shortly on DRC: I hope it goes ahead. I also hope RRR doesn't farm it down until it is ready to go into production.

Ok DRC: why would that be a big diluter? If RRR decides to proceed then it needs to stump up $1mil and fund the PFS. It has the cash to do that now (or at least will very shortly). We would only get diluted if RRR has to issue shares; on the DRC deal it will have to issue shares initially but we are getting an asset worth a multiple of the capital value of the shares issued. AB negotiated the deal when the price of Cobalt and Copper was much lower than it is now. No one knows for certain but Cobalt and Copper look to be heading higher in the near term. Once the PFS is done RRR has the option to increase its stake; this would normally be done by farming down. RRR's market capitalisation is miniscule compared to the value at Kolwezi. Even with a farmed down position it would mean a huge hike in market capitalisation. The other deals look good but DRC/Kolwezi is the big one. As to selling, at some point I will. I am not going to hold for income; RRR is the wrong share for that at least for the next year or two. In three years it might be an excellent income stock but a lot would have to go right for that to happen. In any case I am not an income investor. RRR doesn't need �5mil of cash to do the DRC deal, so what is wrong with giving some of it back to investors? Even if he gave �500k back he would still have enough cash to do another deal. Ideally, he would pick up some more tailings deals; nickel looks okay at the moment. The model would be the same as the DRC deal; small fee for exclusivity, a DD period, decision to proceed and some cash up front and then seek to exploit via a farm down. DYOR

I suggest that you do some proper research. Steelmin is going to a great little asset: EBITDA of circa Euro 10mil on the first phase is not t be sniffed at. Tshipi: even if RRR sells its position down at the IPO it will still have a substantial residual holding and decent cashflow from it Migori: I expect progress on this sooner rather than later. See the photo of the Kenyan mining minister and AB looking very happy with each other after a meeting last Monday. The big one is Kolwezi; if AB decides to keep all of that (which with his cash flow he might) then that will be a big number. They are still at the DD and site sampling stage. It suits RRR not to have to make a commitment until it knows that the money is coming back from Steelmin. AB has said he will look at other tailings projects. Now that WTI is at $64 I expect Elephant Oil to get dusted off. DYOR

Dipstick yourself. The company doesn't currently have the powers to buy back. When the Steelmin repayment hits, the company will need to call an EGM so it has the necessary powers. So it will be in the public domain at that time. Try working through the cashflow that RRR has coming before the end of April. As things stand it has no use for all of that money. Cash coming (expected) February �1.8mil March �400k Jupiter Late March/April �1.5mil sale of part of JMS via the IPO April $750k Para loan note plus say $80k royalty Some cash is needed for the DRC deal but it looks like something is happening on Migori. What does RRR need in excess of �4mil for? The answer is nothing. There is certainly �500k that can be returned to investors. How is the short looking? DYOR

Didn't see that coming, not! https://twitter.com/armcmb/status/953915044923834368 If you want share buybacks you had better tell him. DYOR

These lot are like the ex-wives club. AB could personally deliver gold bars to their front door and they would pull a face. Buybacks on the cards end of Q1 in my view. RRR should be cash rich by then. DYOR

Hey Trolls. Top of the morning.

https://www.bloomberg.com/graphics/2018-cobalt-batteries/

http://pararesourcesinc.com/para-announces-update-production-el-limon-mine/

No I don't remember because I was never an investor in RGM and I doubt that I will be. I have looked at it and it is not for me. Investors have to take responsibility for their own decisions. I have only ever made money on RRR and will again this time around. It will either be a decent amount, a lot or seriously disgustingly large amount depending on how the cards fall and how long I hold on for. Steelmin is not an Andrew Bell or RRR company, he has little or no involvement. The Steelmin team are responsible for bringing the plant online not AB or RRR. One of the directors of Steelmin used to be a director of the EBRD. When Steelmin repays the loan, it frees up RRR from making the stage payments on the YHA loan and gives RRR free cash that it can use to fund the early stages of the DRC deal (assuming it goes ahead). As you say, we will see but there are a number of stages on the Steelmin deal that are value inflection points: A date for completion of the reassembly Completion of the reassembly Sign off for the contractors that the plant is accepted as contracted (there will probably be some debugging) Sign off from H&S Start of production Announcement of offtake contracts Signed offer and terms sheet for the refinance Completion and drawdown of the refinance It won't be that one day every is not done and the next day everything is done. DRC looks to be a monster deal if AB can pull it off: Steelmin means he can keep more of the deal for RRR. DYOR

You may not have noticed but this is the RRR BB not the RGM BB. Regardless Steelmin should be close to finishing the reassembly of the plant. The cooling system was one of the long lead items that they needed and they were on with that last week. So the completion of the reassembly will be in sight. After that is done, they will need to test each of the subsystems and have them signed off as safe. The operational team will need to get their training double checked and go through the various Standard Operation Procedures so that they can get signed off as competent. Once they have the systems and staff signed off from H&S then they can start running their start up routines etc. They should be ready to try a proper start up sometime in early February (IMHO). I used to be a Chemical Plant Process Operator a long time ago and have taken part in the safe start ups and shut downs of large plant systems; you don't just press a start button and hope it works out. A start up might take a few days depending on the systems involved. One plant used to use Kerosene as the coolant under pressure at a couple of hundred degrees Centigrade. Anyway, bottom line is, they are close but not quite there yet. The finance from RRR/YHA is costing them an arm and a leg at 13% pa plus 1% of the equity per month. Steelmin will want to pay that loan or part of the loan back asap. I expect that they would sort out a facility with conditions precedent so that it is lined up to draw down as and when the conditions are met. Once that facility is in place, it becomes a box ticking exercise. RRR should net back around �2mil ish from repaying the loan to YHA and end up with 20% of Steelmin. The Steelmin Business Plan from January 2017 was talking about an EBITDA of Euro 7.5mil. With current prices, I would expect that to be closer to 10mil. The key will be an offtake contract; if Steelmin have lined up a 100% offtake contract on pre-agree prices then the plant becomes a license to print money. You try working out what 20% of Steelmin is worth on EBITDA of Euro 10mil and a multiple of 13: it is not zero. IMHO DYOR PS Speak back end of next week re this subject matter.

We should be hearing soon!! Fingers crossed.

Jupiter Mines appoints 3 brokers to sort out a $1bn listing: $750mil pre-money and $150mil fund raise. So that is $9mil to RRR. Australian Financial Review Street Talk section 09/01/2018

So hilarious. The SP is up from circa 0.6p to circa 0.95p over a couple of months mainly down to buying by AB and all you is whinge about what happened years ago. Wake up and smell the coffee. You could all have topped up earlier last year when the SP was around 0.2p. As previously pointed out I am well up here and expect the SP to run further by the end of the month. Put your emotions to one side and do some rational analysis. We should hear on Steelmin shortly and that will unlock lots of possibilities. DYOR

Starting to move. With a bit of luck there will be a short squeeze. Top of the morning Trolls.

https://twitter.com/AlignResearch/status/947793944372531200

https://www.bloomberg.com/amp/news/articles/2017-12-27/london-copper-surges-to-three-year-high-as-china-halts-plants?__twitter_impression=true

Their report on RRR should be out shortly, you might be pleasantly surprised or not about what it says. I have a big position here and am definitely biased. I expect this to be much higher shortly. I expect updates on Jupiter Mines, Steelmin, DRC and Migori in the near future. PS I am currently well in profit. DYOR