Member Info for maestro1

Shoats Creek is dead we are not interested.

He sold his shares back in Aug and moved on, unlike Magic/Torp who still bitter after 6 years.

MrMagic

yes we took out a CLN, this will get converted in dec, it may be extended, part converted or paid back, the company hasnt decided.

At least you dont go on about the warrants, the ones in summer expired and the nov one will likely also. That was your theme, rofl.

Anyone contacted the company? Wasnt this rns material?

Oh dear, crying bout bells wages well he set up company maybe you can also and get paid for it. Do you really believe he opened a company on stock market to be a good samaritan, of course he didnt. Get the emotions out and trade aim stock.

What did we spend on migori? You know the license they stole off us, that will be returned soon. We spend near £9m on that. Once we get that nack it will be transformational.

Magic Clutching at straws, go and read rns when they returned money earlier this year we made profit on transaction on top of share in company. Fact: We have over £3m cash in bank Received 500k divi yesterday Own shares in jms valued c.3m On verge of migori returning which has jorc resource of 1.2Moz and the potential to increase. Yet mkt cap measely 3.5m. Something gotta give..

Magic We got 22% of steelmin in return for us to lend them money, they paid us back and we retained 22%. Whatever we get from steelmin is bonus dont know why you complain about things that are not material. When they returned the loan we actually made a profit on interest etc etc if you care to read the past rns's.

Magic Sorry this is aim, its should note while other company went bust under the downturn rrr survived and are now getting in strong position. Easy value here just look at the numbers..

How much money did steelmin cost us? Ot cost us nothing we'd prefer they sell so we can get couple of million euros out of it. Just look at the mkt cap how stupendously low it is. 3.48m!!!

Magic

You are implying that El Limon production will stay the same for 27 years, i gave you projections for 2017 and 2018.

They may reach this years target next year, progress is being made in El Limon.

RRR has over £3m cash in bank, cant wait to see next accs which are due shortly.

edit irrational no rational

Really, you are going down that route, market acts rational sometimes, you only have to look at the company, JMS has an mkt cap of Aus$617m and over Aus$200m+ profit per annum and has no debt, rerate will happen. Any sane investor will know this is cheap.

Why would we sell at current levels? JMS can easily doubled, if JMS gives continues to give such attractive divi sp will increase and rrr will be crazy to sell.

Oh Dear Oh Dear, his strike lasted a week. LOLOLOLOLOL

So RRR is a functioning company, its profitable then.

Once Migori comes back valued of rrr will further increase, at the moment some large traders keeping share price down.

I notice you dont mention the warrants no more, the prior 75m expired and the nov 97m will also expire.

Mkt cap 3.48m, Magic just wishes he invested now rather than when the price was much higher and he aggressively averaged down. OH dear OH dear.

Colin

Migori is close the plan was in the summer but in Sept it was real possibility but didnt happen, its very very close to be return.

Wont be surprised if its farmed outjust shortly after we receive it.

Getting Migori back is pure upside, its valuable.

"Future exploration efforts are likely to be focused on the seven kilometer long Mikei shear
where there is clear upside potential between known zones. Also, there appears to be
significant resource expansion potential for both gold and base metals, with a total of twelve
new regional targets identified and fifteen existing targets that are being re-prioritised. The
team’s geologists are confident that a reasonably affordable, well-planned exploration
programme could increase the JORC Resource from the current 1.2 million ounces to a couple
of million ounces."

the jorc resource can double at least, im confident the chinese will do this, we can make a lot from Migori

"The mill has undergone an upgrade which has allowed capacity to increase to more than
200tpd, with 15,000 ounces targeted in 2017 and 25,000 ounces in 2018. Based on these sorts
of figures, the company is expecting to receive royalty payments of US$227,000 (2017),
US$401,000 (2018) and US$580,000 (2019)."

Receiving £1m divi from JMS per annum and $400k royalty from El limon. Company already has over £3m cash not going to mention the JMS shares. :-)

"The plan seems to be that the company would bring the Macalder tailings into production
themselves, whilst bringing in a joint-venture partner for the Nyanza hard rock. The ideal jointventure
partner would probably be a Chinese company that is already active in the area, which
has good capital backing and so can move rapidly. Such a partner would not require a Bankable
Feasibility Study as they have access to the necessary funding."

The company is has said it is talking to chinese companies, this makes sense and i can see action soon. Excellent time to buy.

A sniff of this license back and then its back to the races, had a company listed on the mkt with only they migori asset one can speculate it would be valued over £12m.

RRR with cash and assets is only valued at 3.48m, ridiculous.

nothin wrong, one was approved 2nd and the other 3rd.

why not rns, waiting for third? i think we may drill this year now...