Member Info for mikey9997

Spec - everything else aside - all I was saying was that the gold price is as relevant to RRR as any other explorer on AIM. RRR is not a producer ofcourse. But the value of assets in ground increase as the gold price does making the potential rewards even greater in the event of some success.

Spec - that's about the same situation as any junior explorer on AIM - how many are actually in production? The fact that RRR even has a prospect of producing gold in the new few months is far advanced of many gold exploration companies.

Incessantly posting makes you sound desperate by the way. That applies to everyone.

If the DRC award does not materialise and our other assets disintegrate and our share of them turn into nothingness then I will humbly apologise. Purely my opinion but I think from this price there ain't a half bad chance of a decent profit.

You're dwelling on the past, this is the future. :)

If you are going to just list the risks then I will list the potential rewards:

DRC award - potentially $7.5m - $10m to RRR

Subsequent claims on Glencore - potentially $100M's

DRC JV with private European firm

Australian gold licences on the end of a gold strike with Southern Cross licence (company valued in excess of $600m AUS

Gold production in Burkina Faso and Côte d'Ivoire in the near term.

Elephant oil shares - unknown quantity but potentially worth multiples of initial investment.

All time high gold price.

DYOR

Appreciate there is history re trust. But there is definitely a meeting with the presidency and there are other meetings regards Arbitration and AB will be in DRC. So as much as it may fit with the incessant negative narrative here there is a good chance of a turn around and great result here. And if it happens it will happen fast. I also presume the presidential office do not waste time sending invites out for small artisinal ventures?

So what do you think this meeting with the DRC presidency is all about then Banbury? European private sector party? Any thoughts on this? Thanks.

Which part of the interview didn't you like?

A rather clear interview which is positive. Lots of meetings in DRC this week and plenty of newsflow to come on BKF, clear statements made with regards to the share authority. Could this be the turning point for RRR? I think so.

You have already stated that DRC arbitration /settlement will be finalised at some point. What you are saying is that you don't think it will be in next week or so? Must be an endgame at some point, I think it's very soon.

This president wasn't the president 3 years ago. Again, share issue is your opinion rather than fact. Invite to meetings with DRC president on Saturday is a fact.

RRR provided a model for a project that was subsequently stolen from RRR, the scale and actual value of the project was not insignificant and has clearly not gone unnoticed by the president given that he is well aware of the circumstances surrounding the arbitration and no doubt wants matters resolved so that another "highly prospective" project can get off the ground. I'd say that's a reasonable interest.

The potential reward and the rewards that a successful arbitration unlock are much more significant than the potential downside IMO. There's no need to constantly repost the same information. People can research and access the risks and potential rewards themselves.

I note all the facts apart from the last point which is just an opinion. Past performance does not always correspond with future success.

InvestAce.. a statement of fact or opinion? I think the latter?

Well the president of DRC probably doesn't waste time on small ventures?

Yes, that is the purpose of a reach announcement, to provide the market with a non regulatory update on company activities... looks like it has been used correctly?

The RNS does not indicate that Michael Billings has any involvement with this potential JV in DRC, he has past experience in DRC but this does not indicate any involvement at this stage. He's been appointed re BKF and Ivory coast projects initially. I appreciate you might feel negative given past performances however as I've said previously, the worst case scenario is not always realised...

There's plenty to be unlocked from this price if the arbitration is finalised. "Remote possibility" you say, time will tell and hopefully not too much of it.

It's already been RNSed.... "The Company has received an invitation to go to the DRC for discussions with a Governmental agency advancing a major and potentially cash-generative project.

The Company has also received an offer of co-operation on significant projects from a non-Congolese party.

Advancing any such projects would require prior settlement of the matter under arbitration, payment and repatriation of any award, and technical and legal due diligence. That such offers and invitations are being extended might on one view however be considered an indication of the Company's local standing and expectations that it will exit from the arbitration process shortly."