Member Info for maestro1

itsgambling hows srsp, im sure there license expires before aaog's? Today sp falling is due to the mkt jitters will recover tomorrow... imho

whats interesting there is no rush to get a farm in partner as the can move the 3d work to phase 3 of the project, should they not get partner this year. Certainly is undervalued, but these directors need to reduce their wages as they are doing nothing at present...

magic the royalty is for production revenue not profits, this is a long way away but the 0.75% royalty is worth something to RRR. Just saying...

Helpful, I will give you estimation of mt ida, goldfield were producing 11m tonnes low grade iron ore per annum, if Jupiter produces 10m high grade iron ore, price is $80 per ton, that's around us$6m royalties for rrr per annum.. if iron one prices go back to over $100 then gets even better...

Zumore Not necessarily, should they extend the loan as they are entitled to do steelmin will have to repay us monthly to clear the debt and pay penalty charge.

Zumore Steelmin are very close to production, ferrosilicon is sold for $1550 per ton, they will not have difficulty raising funds now as they are so close to production..

for a guy who holds no stock and has no interest, cant understand why you still here 5 1/2 years later. By all means post, but if you have no interest this cant be healthy for you.

graphite �3m-�5m for 0.75% production royalty, thats too low. I'd rather RRR keep it in they may get much more for it later...

magic No im not desperate, Goldfield are producing low grade iron ore it is not economical as the price per ton is $36 for low grade, the higher grade at Jupiter mt Ida is sold at $83 per ton, esperance port will be free now. Goldfield were producing 11m tonnes per annum, if jupiter produce 10m per annum, RRR have 0.75% production royalty so we will get around $6m per annum. Maybe this is why they want to relist again and start the iron ore project.

https://thewest.com.au/news/goldfields/goldfields-iron-ore-mine-closure-a-blow-for-workers-at-esperance-port-ng-b88725881z

Goldfields iron ore mine closure a blow for workers at Esperance Port 28/01/2018 Https://thewest.com.au/news/goldfields/goldfields-iron-ore-mine-closure-a-blow-for-workers-at-esperance-port-ng-b88725881z this opens the door to develop mt ida as its high grade iron ore, demand will certainly be there now...

Interesting someone on another board saying we have production royalty of 0.75% on mt Ida, the plan is to produce 10mt per annum at $80 per ton that gives estimate royalty of around us$6m to rrr. This company is a gem and so many assets which will come soon..

Analyst are valuing steelmin at �65m, let's say magic is correct and they do extend loan as per terms of deal they will have to return outstanding amounts monthly...

those cln do not have to be converted by the company.

RRR can produce ferrosilicon, what else do you think they will do with the asset... I dont know what price you purchased and what was the book value of the company at the time, i am talking about the future and now, a very good chance of a serious rerate. Just imagine Migori comes in play and the kenyan sort the matter out, instant �10m value added...

mate they were estimating end of jan not certain, now they saying early feb, just a bit of slippage, once that �1.8m added to balance sheet, things will start moving, cobalt deal will definitely be signed....

and your not repeating the same old broken record, i dont give a monkeys this traded over 10p, you keep going on about admin cost, which company doesnt have admin costs? All i know is a significant rerate is about to commence soon.. imho Kick the can, i tell you what i will be happy to take over the Bosnian asset in return for them not to pay our loan back.. lol The BOD steelmin are not stupid!!!

"Further to the announcement of 18 January 2018, Steelmin Limited ("Steelmin") advises that it hopes for fund drawdown under its!!!!!!! new Structuring and Placing Agreement with a Luxembourg investment vehicle!!!!!!!!! early in February 2018. Following drawdown, Red Rock would be repaid all amounts outstanding from Steelmin." Its signed read the rns, kick the can and wait 8 months, you must be really desperate, ferrosilicon is sold for 1550 euros per ton, the first furnace which can produce upto 29000 tonnes per annum is expected to be be producing in march, the asset is worth over 50m euros at present because so close to production. Kick the can. lol

�6m for jupiter shares if price is 44c per share, �1.8m on balance sheet once loan returned, have 22% of steelmin which is valued over �40m, receive �364k from jupiter share buyback, receive �550K in april for El Limon gold asset which was disposed. Certainly value over 0.9p a share and 4.5m mkt cap. I dont give a balone about the past. :-)

For someone who purchased RRR shares for less than 1p, i dont think they really bothered about the past, fact those 27m shares in jupiter mines are worth over aus$12m, which is 1.5 times the current mkt cap. Once steelmin repays the loan which will be very soon the balance sheet will look strong again, MKT CAP Only 4.5m...