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"Congo mine SUSPENDED amid radiation concerns."-Mining.com, Sat, 20.4.24
On GLR: "ANOTHER MINE TAKEN OFF-LINE. SUPPLY WILL ONLY GET TIGHTER." -@15:13pm.
This was what I posted earlier about the Zinjin MUSONI , DRC copper mine affecting cobalt from copper.
So, the MUSONI ZINJIN copper mine is large and as said Mining publications have now picked up on the Blooms article.
I said that the MINING WORLD WILL NOW REPORT ON SUCH A MAJOR COPPER MINE in DRC. LoL RRR JV is just NEXT DOOR @MUSONI CENTRAL, part of the award litigation now awaited. I will look at other copper juniors to see if they also know that copper supply will get even tighter with 1 more mine out of circulation.
RRR JV MUSONI IN THE NEWS. -------NOT WELCOME NEWS FOR THE MAJOR AS MUSONI IS ON THE COPPER MAP.
Irrespective of the Musoni copper Zijin news of "extreme radiation", the award is still outstanding and has to be paid.
BUT IF THE EXPORTS FROM RRR JV MUSONI IS =======NOT CONTAMINATED LIKE ZIJIN'S, OH MY---------------
INTERNATIONAL LITIGATION SHOULD BE INTERESTING AND TO RRR'S ADVANTAGE. Of course, it is a valuable asset if so and even more so?
AVZ VS DRC
Court papers are now on Twitter to be seen and the shocker is that it involved $105m on a lithium asset @DRC of $15 BILLION. Lots of articles and International Tribunal legal papers screen to view of the above.
Oh my, this is causing even more unwelcome publicity.
So, was it the same for RRR's MUSONI? If interested , type into Twitter window Zijin DRC. All in the public domain now because international tribunal court papers have now been published.
DID I NOT SAY PROVIDENCE WORKS IN MYSTERIOUS WAYS? CAN THE POWERS THAT BE CONTINUE TO DELAY THE RRR DRAFT AWARD NOW THAT AVZ LEGAL TRIBUNAL PAPERS HAVE COME OUT ABOUT AVZ AND HOW THEY LOST THE LICENCE DUE TO $105M over a $15BN LITHIUM ASSET? HMMM.. TOO MUCH NEWS IS COMING OUT NOW. LoL.
RRR MUSONI JV, DRC [MINING DISTRICT]:
Some potential implications:
[1] Has the state miner, Gecamines gone over the RRR MUSONI CENTRAL JV to check as well , in light of Zijin's latest news out today re: "extreme radiation" from cobalt @Zijin, COMMUS, Musoni South? Why? RRR Musoni Central is ABOVE Zijin Commus.
[2] Has RRR's JV partner, VUP heard the latest news all over the place now about |Zijin, the immediate neighbour at Musoni, DRC Mining Distrist.? Has Gecamines CONTACTED VUP, RRR JV partner in the DRC?
[3] It will be shortly reported in the MINING WEEKLY etc as the mining world will want to know. SO, RRR --------WILL BE ON INTEREST, hence why Mining Weekly REPORTS ON RRR DRC but no on their other projects. SO, ALL EYES WILL BE ON DRC MUSONI MINING DISTRICT SINCE TWO MAJORS ARE EXPORTING -----------C O P P E R --------rising prices and going into or is in SUPPLY DEFICIT.
[4] How will it affect GLENCORE @KCC KAMOTO, DRC SUBSIDIARY WHO IN TOTAL WITH RRR'S CENTRAL MUSONI IS THE LARGEST PLAYER AND MINER IN MUSONI , barring Zijin.
[5] Given it is "Extreme Radiation" and Gecamine has STOPPED EXPORTS and DONE A RECALL, is it going to be CHECKS FROMN GLENCORE'S 3 BIG LICENCES AS WELL which includes RRR's JV Central Musoni?
[6] Will Gecamines CHECK GLENCORE'S EXPORT OF COPPER AS WELL since it is coming from the MUSONI 3 LICENCES DISTRICT?
[7] Will Gecamines FIND the same "extreme radiation" on RRR's JV CENTRAL MUSONI which on the 24.1.24 map has NO REPORTS of such radiation as at 24.1.24 but GLENCORE has at the NORTH OF MUSONI ie reports of contamination.
[8] IF RRR'S CENTRAL MUSONI JV HAS NO CONTAMINATION IE EXTREME RADIATION LIKE ZIJIN'S SOUTHERN COMMUS MUSONI [RRR's JV sits abutting Zijin and Glencore @Central Musoni], then WHAT ARE THE IMPLICATIONS.
[9] Is Glencore duty bound to now report in the next accounts and what treatment is going to be reported ie impairment or reserves for impairment. HOW DOES IT AFFECT GLENCORE'S COPPER EXPORTS FROM DRC of which some will be coming from the RRR JV MUSONI [CENTRAL PART].
[10]-----------------ALL EYES WILL BE ON MUSONI NOW GIVEN IT IS A BIG EXPORTER OF DRC COPPER @COPPER MINING DISTRICT.----------------RRR JV WILL BE NOW ON THE MAP AND HIGHLIGHTED LOL. Not something that others will like?
-----------WILL GECAMINES NOW FAST TRACK THE $10M DRAFT AWARD IE ASK JUDGE TO GIVE THE RULING NOW THAT THER EIS AGREEMENT ? DRC MINISTERS SHOULD NOW BE IN OFFICE AND DECISIONS CAN BE TAKEN.
--------------IT IS NOW GETTING STICKY GIVEN THE WIDE PUBLICITY BLOOMS HAS GIVEN 10 HRS AGO RE ZIJIN MUSONI.---------NOW WELCOMED PUBLICITY FOR THE 2 MAJORS. RRR MAY HAVE TO REPORT TO SHAREHOLDERS be it RNS@Reach or RNS given the pending litigation outcome. How will now affect the litigation with the PUBLICITY OF MUSONI ON THE WORLD MINING MAP for major copper exports etc.? Getting interesting. Mr Bell, Chairman of RRR, over to you.
ANYTHING THAT AFFECTS MINING INCOME HAS TO BE REPORT
--------------MUSONI , DRC is a MINING D I S T R I C T -----------
Glencore's Kamoto @KCC has 2 of their own licences at Musoni Complex.
Cobalt is derived from the COPPER mining per the info.
COPPER PRICES ARE RISING AND IN SUPPLY DEFICIT OR GOING INTO IT SHORTLY?
BLOOMS COVERED THE STORY BUT it is on subscription so I got it from the Rwanda news. From the reporting, sounds like it was derived from Blooms etc?
BIG IMPLICATIONS AND BIG MONEY INVOLVED NOW.
ZIJIN OWNS COMMUS, MUSONI, above is RRR CENTRAL MUSONI.
GLENCORE being a listed public co will have to comment on this latest news re: Zijin's COMMUS, Musoni.
GECAMINES, THE STATE MINE IS ALL OVER IT NOW AT COMMUS AND IT AFFECTS EXPORTS and recall etc per the article just out. DRC govt will know due to Gecamines is state owned.
So, what is Glencore going to say and what is RRR'S RESPONSE given LITIGATION OUTCOME IS NOW DUE of $10m and potential litigation to come? What does GECAMINES SAY?
---------------------Await Mr Bell, Chairman of RRR re: Musoni Central @DRC-----------
subject to litigation and outcome awaited for $10m. Also , comment by RRR on the Zijin COMMUS article which is from Blooms as well. So, far, that is ALL in the public domain. Sat, 20.4.24.
---------------GOT THE MAP OF DRC OF KCC [KAMOTO, GLENCORE & ZIJIN COMMUS-------------
ALSO, GOT THE CONTAMINATION MAP overlayed on the map above.
Link: https://news.mongabay.com/2024/03/global-cobalt-rush-drives-toxic-toll-near-drc-mines/ 27 Mar 2024.
---GLENCORE @KCC HAS 3 LICENCES:
ZIJINS COMMUS IS AT THE BOTTOM OF THE KCC licence ie Central.
KCC@GLENCORE 's top 2 licences have CONTAMINATION REPORTED [sign in red on map].
==========LOL, NOTHING ON RRR'S CENTRAL MUSONI===ABUTING 2 KCC LICENCES@ MUSONI.
So, that is FROM THE MAP dated 27.3.24 ==FOR THE AVOIDANCE OF DOUBT. GOING TO BE INTERESTING TO SEE WHAT GLEN SAYS. ? But nothing on the map re: CENTRAL MUSONI -see Proactive Investors 2019 JV article below.
Ref: "Red Rock Resources says cobalt/copper joint venture in the Democratic Republic of Congo now fully effective."-Proactive Investors, UK, 6 Mar 2019.
"Initial focus on the old MUSONI SUPERPIT. CENTRAL PART. GLENCORE 'S KOV MINE represents the WESTERN PART, abutting our Western boundary, and the same co's T17 MINE REPRESENTS the EASTERN PART, adjoining us to the East, is our immediate focus."
That is the RRR VUP JV in the DRC. So, awaiting news from RRR on the above. Interesting. Sat, 20 Apr 2024.
Title to search: " DRC'S COPPER MINE SHUTDOWN OVER EXCESSIVE RADIATION."- TAARIFA RWANDA, 11 hrs ago, Sat, 20.4.24
"Details also indicate that operations at Zijin's copper and cobalt mine have been suspended due to worries about excessive radiation in the COBALT."
"The La Compagnie Miniere de MUSONIE project , known as COMMUS in DRC has been shut down over grave concerns of extreme radiation a/c to sources familiar with the matter. Govt officials present at COMMUS overseeing the suspension of production and testing of cobalt shipments that were BLOCKED and RETURNED AFTER BEING EXPORTERED, PEOPLE SAID." "Zijin owns 72% of COMMUS and Gecamines controls the balance."
Thanks HO5. Thanks Helpful.
Zijin's copper and cobalt mine has SHUT down due to contamination from the cobalt ie too high radiation.
They have a French name for it but in English it is MUSONI.
But there are many parts to MUSONI as it is a complex and KAMATO owns part of Musoni. Kamoto mine is the local sub of the Big G. Bloom is via sub so I got the info from a Rwanda site. Ah so, IF, Kamoto's copper , cobalt mine is NOT affected , then good news for obvious reasons.
LoL Helpful. The Chief Poster gave a different slant but good you clarified. But knowing you won kinda of thing made me more conscious that your reply to me: News, you have to get your though processes in line re: DRC. If I had not known about your skill set, I would not be able to ask the 2nd question of which you kindly provided me the answer I needed about RRR DRC litigation. In the answer, I ascertained what I have always thought: THE AWARD that RRR is due to obtain is the opening gambit to a PRIMA FACIE CASE PER SE. I hope that RRR can continue till that day. A.Bell , Chairman of RRR must secure his legacy, both as a qualified counsel and his track record. Will slowly, slowly be the solution as in the case of Kenya Migori licence work? I dont know as one is dealing with tough opposition who have the big $$$. Even then, AVZ is now on to a potential win, having secured the interim win against the state miner in the DRC. I note AVZ hired French counsel. A.Bell is also skilled but in a different way and most on here cant understand his lingo and say so on Twitter. Of course, A.Bell qualified in law.
Banburyboy
If in real life, you can show us shareholders you can do break-up of RRR and carve up its assets, I might hear you out.
There is nothing new in what you said and that is HISTORY now of RRR. Duke even can see that.
To Chief Poster:
If you can ring the boss of KP...G, and you can set up a M & A for RRR Migori for US$13m per the last M & A, then yes, we can sit up and listen otherwise, it is just repeats of what every forum hears ie the CEO is no good, the placings, the history etc.
Posting templates is now a hot discussion on other stock forums and everyone knows that where templates are used over and over again, there is no solution. Come back with some meaningful M & A and what the SOLUTION M & A is, then one can listen. Hope that clarifies.
LoL Helpful. Thanks. Yes, who doesnt know that on paper Migori is the asset with the JORC. But the last M & A was a long time ago when Barrick sold a deposit with JORC. But me thinks that the case is no longer true ie as hot a property now. Majors are heading for Canada and one in particular is the one everyone in the fund biz is watching. in an early copper discovery under a silver deposit. This is in the USA. Paul Johnson is aware hence he has gone for Canadian licences but in uranium.
Thanks Maidit308. Yes, I think Nike1980 has shown expertise in areas he is knowledgeable. I will answer AIM Dog's comment. But first, I will come back to the Accountant who contacted HELPFUL to ask for his help. EVERYONE CAN SEE THAT RRR HAS BREAK-UP POTENTIAL. BUT THAT POTENTIAL IS NOT VERY CLEAR ie no one on this forum has the M & A KEYS for breakup. They dont have enough INFO ie not just research but what is HAPPENING on the ground in Africa. I said restructuring which is a more subtle word than BREAKUP ie M & A.
Coming back to the DRC-AIM Dogs only thinks it is a goner kinda of thing. That is why I asked Helpful two questions and Helpful was very skilled at the answer. Since Boring Boy said Helpful won a debating society prize sort of thing at Uni, I was well aware that the 1st answer was not enough. So, I asked the 2nd question and I got the answer I wanted to be able to ASSESS the DRC situation and the chance of success. AIM Dog now quotes the 1st part of what Helpful answered but AIM Dogs has NOT twigged to the more complex question of the potential $430m international arbitration to follow.
I wont go into a long discourse as it will take too much space and time. BUT MY VIEW, IS THAT BIG MONEY AND BIG PLAYERS ARE INVOLVED inc the major. SO, TYPICAL LITIGATION PLAY IS AT WORK, be it a probate litigation fight or otherwise, same legal tactics.
So, IF that is not forthcoming in the next x or y days, weeks, then PLAN B has to come to play and A.Bell, Chairman has stated this in his last RNS @1/2 year accounts of RRR. M & A will have to take place and Chairman Bell is well aware of this. He may have to get in specialist help so Bilbale is a good stop gap to get cash flow going IF possible.
So, in meaningful discussion from ALL shareholders , we, holders have come to a better understanding. Each one will have to RATE their own views. A former President 's book on "The Art of the Deal" pointed out: NOT KNOWING JUST 1 VARIABLE COULD CHANGE THINGS. Like how? KILMORE @RRR Australia for example. Yes, the pre-IPO $500,000 cant do any meaningful drilling at Kilmore. But, TRENCHING IS CHEAP. Like how MAKO's CEO showed taht TRENCHES are like in the Var. An excavator can dig up a trend in 2 sec or a few days. TRENCHING WILL GIVE AWAY THE MINERALISATION ie what is the real situation of the mineralisation and what grade. IF KILMORE TURNS OUT, THEN THE PRIZE IS GREAT and one can see that at Sunday Creek, the next door. It is in the RIGHT PLACE, RIGHT HOT LOCATION AND LOTS OF EAGER INSTITUTIONS wanting in or are already in. But, But...well.
DRC is a much more complex legal play and where big money is involved, it is par for the course. Thats to all.
Sorry, that I cant eat out of the hands of the Boring Boy as he wants everyone to listen to him. No one listens to historical or calling out. THAT IS NOT THE SOLUTION GOING FORWARD. Yes, accountants can see breakup value.
But how real is it at this time? Ah, more digging to do ie mor
Helpful
Thank you for taking time out to reply to my question. I too have to come to terms with what has happened on this forum.
I have NEVER seen anything like it in the years I have been on this site. I recall one chap on Solgold. Same like on here with ze leader sort of thing. Today, his tales have now been PROVEN WRONG. Why? Solgold is still around and with a market cap into the HUNDREDS OF MILLIONS. It started out at £8m mkt cap. So, time proves many things.
RRR
Time will also tell. NO, UNFORTUNATELY, CALLING OUT RRR has also come to 0. Why? From RRR AGM, 16 Feb 2024, RRR is still here ie IT IS STILL LISTED with ASSETS to its name. However, RRR MUST be able to continue so that its assets can still continue on the Balance Sheet. SAME WITH ANY CO now.
HELPFUL: Your post explaining was very insightful - you were contacted by an ACCOUNTANT who wanted to take over RRR.===========ACCOUNTANT===========AH. That can be proven in real life. How? If one doesnt know the accountant in question , then one can go to the ACCOUTING BODY AND SEARCH ONLINE for registered accountants as it is with solicitors on open public file. I laughed when you , Helpful said to the chap, HOW MANY SHARES DO YOU HAVE?
Yeah, to CALL AN EGM, one needs shares and a lot is needed. That is company law 101. I wonder if ze leaders here know about how it must go through voting, NOT ON A FORUM to elect a new CEO kinda of thing.
DISSATISFACTION:
Fine, but one must be able to do BETTER. WHY DO THEY NEED HELPFUL ie the Accountant? It is obvious the Accountant does NOT KNOW ENOUGH ABOUT RRR to BREAK IT UP or the PROJECTS IN DETAIL. =============NO, NONE OF THE POSTERS ON THIS FORUM KNOW ENOUGH ABOUT RRR'S PROJECTS. THEY THINK THEY DO, BUT IN REAL LIFE THEY DONT KNOW ENOUGH. Do I have proof? Yes, IF POSTERS LIKE BORING BOY KNOW ENOUGH OF RRR'S PROJECT METRICS, THEY WILL BE ABLE TO ASSESS the asset and its value. Like how? NO ONE WILL BUY ANY PROJECT WITHOUT INDEPTH BREAK-UP M & A REPORTS. Helpful knows more and he has shown it via KILMORE even ie there is potentially lithium and REE but whether it is economic or not, he does not know. This is of no import at the momo as they are not hot commodities. TIN IS NO 1, in top pricing and that is when TIN HILL comes in. Why? With lithium , there comes tin or rather FORMER TIN MINES CAN HAVE LITHIUM.
RRR 'S ASSETS ARE MORE COMPLEX than at 1st sight. WHY? ONE DOES NOT KNOW THE CURRENT M & A given majors are moving to CANADA. So, this change of situ needs further insight and MORE CONNECTIONS to find out the CURRENT STATUS OF RRR'S ASSETS.
SO, BORING BOY, IS UNABLE TO PROVIDE ANY OF THIS BUT HE SAID YESTERDAY HE WAS DOING THE M & A OF THE £900M CO-OP SALE TO COVERNTRY BUILDING SOCIETY? HOW? HOW DO WE LISTEN WHEN HE CANT GIVE A GOOD ACCOUNT OF REAL TIME M & A IN AFRICA FOR RRR ASSETS OR EVEN VICTORIA , AUSTRALIA? Everyone is well aware of this and why? Boring Boy does not have ANY RRR SHARES or ENOUGH to get a CO
Contd..pg 3
THE PAST DOES NOT AFFECT THE CURRENT into the short term --------THE DUKE NOW ADMITS. SO, DUKE HAS CONTRADICTED HIMSELF. How? One the one hand ADMITTING THE ABOVE vs the BORING BOY knows a lot. Both statements CANNOT BE RIGHT. Why? If the past is NO LONGER of significance to the CURRENT COMING SHORT TERM, then all that BORING BOY HAS SAID IS ==============HISTORY NOW.===========NO POINT ANALYSING HISTORY AND DUKE NOW ADMITS HIMSELF.
[9] There is a lot of ill will and this will not help matters either. Why? RRR needs the goodwill of the shareholders so that all can benefit. This is a general principle taught in school about the team wins, not the individual. So, its shareholders that need to have goodwill so that things can run smoothly. This is something everyone knows. I am aware that there is also not so good will towards me but my defence is Genesis 12:3 and I have no choice in this.
[10] GAMBLING - the statistics shows few can make it . That is why it is called gambling and no CAPITAL GAINS is chargeable. It does not need skill but stock do, hence why there is chargeable capital gains.
[11] If Zumore's wife left him due to stocks, then I can sympathise but life has to go on in a positive way. Paul Johnson said his wife told him [in an interview] that he had better think of safety for the family first. So, wives tend to be more conservative. Another Japanese man worked for a major investment bank which I wont name. This chap got co shares from the employment scheme and he bought even more on the open market. His wife told him to go for safety but he refused and it ended in a terrible way. So, LOOK AND LEARN before JUMPING into anything.
[12] Duke says Boring Boy knows a lot but TESTED, he appears to be someone that has LITTLE STOCK EXPERIENCE in real life and proven by his OWN STOCKS he has chosen. WHEN ONE ATTENDS LAW CLASS, THE 1ST LESSON, ONE IS TAUGHT, Boring Boy does not seem to know. I looked at some of his posts and LAW CLASS DAY 1, he does not appear to know. Most people NOT attending Law Class Day 1 know. These days, there is FREE info if one doesnt know what a word means etc. So, I apologise if I cannot FOLLOW the Boring Boy if he cannot show a more superior quotient etc as norm so nothing personal. WHERE MONEY IS INVOLVED IE SAVINGS ON ANY STOCK, ONE HAS TO TAKE CARE and NOT just listen. One can check and ask further -------that is why this discussion board exists ie to share, learn etc.
[13] If anyone wants others to follow them, THEN THEY MUJST HAVE A PUBLIC VERIFIABLE TRACK RECORD.
Its the same with HORSES - they have track records, performance stats etc. It is on every page of the sporting times.
Same for stocks and stock gurus. There are lots out on Twitter who have made it big and people listen to their talks eg Rick Rule etc. Their start in life is modest and from the bottom and their performance is tracked in real life. Ah, that is the real deal ie PROVEN and they own co's that can buy STAKES
The loss is in the region of 90%+.
================CONCLUSION: PUT £1 INTO ANY OF THE JUNIOR EXPLORERS DURING THE BUST YEARS THAT HAS HAPPENED IN RECENT TIMES MEANS EITHER 90% OR 99% LOST. ========SO, FACT IS, IF NOT RRR, THEN, EVEN GGP OR SOLG WITH A TIER 1 DEPOSIT DID NOT ESCAPE.========FACT: THE PROVEN FACT, NO ONE ESCAPED.====
Any other proof? Yes, the COMMODITY INDEX OF JUNIOR EXPLORERS IE VAN ECK ALSO BEARS OUT THE UK JUNIOR EXPLORERS IN THE UK SECTOR. So, that is why, traders have 10 screens and what are they looking at? They are looking at data of SECTOR etc and they will know IF the sector is falling etc. MINERS DECK tells which commodity is RISING most, hence the hot sector the juniors will want to get into or the hot countries.
[6] What if X or Y WILL NOT LET IT GO ie the losses? Well, if they dont come to TERMS with it, the TRAUMA continues as norm. The remedy is well known: in recent years, there is SHORTING of the synthetic type & I gave details yesterday. IF THERE IS SHORTING, then the share price GOES DOWN as there is TOO MUCH SUPPLY vs demand. THIS BECOMES A "FUNDING DEATH SPIRAL" as they call it as it is normally a DISCOUNT to the prevailing share price. THAT IS THE SYSTEM unfortunately and if one shared, it would have become known earlier. Chairman Bell @RRR, the Canadian mining industry and now the ex-President of the USA says so about his stock. All can be wrong of what is happening in the market place. WHAT IF ONE WILL NOT LET GO? That is choice but the only health harm is to self as anger moves inward etc & this is all known.
[7] Duke is trying to tell us that the Boring Boy as he is called is ze smart one. One needs to test his HISTORY ON THIS SITE and this is not only for him but FOR FUND MANAGERS, POSTERS. As Nike1980 said last night, Simply Wall St gives ranking performance of FUND MGRS. On this site, people look at the POSTING HISTORY and whether the poster HIT IT BIG. If they did, they would become LONDON SOUTH EAST'S TOP POSTER @NO 1. Why? Lots of people make on that stock and the poster is the one giving the most info / research on that stock. So, unfortunately, does BORING BOY met this criteria on this site? For the answer, CLICK the poster's name and it will come to the PROFILE PAGE to see. On Hotcopper, they gave posters a marking besides their names to denote the same sort of thing. One finds that they tend to be knowledgeable.
[8] Boring Boy et al helps NO ONE to move on. WHO DOESNT KNOW ABOUT THE PAST OF ANY STOCK. Just call up Google Finance RRR or any stock and in 1 chart , it tells share price and date and the chart shows the top and the bottom via using one's cursor. On the London Stock Exchange, they used to use red and green arrows and one will FIND red or green arrows is DUE TO A CO'S RNS, PROVING stocks DONT GO UP OR DOWN FOR NOTHING IE NO REASON.
[9] DUKE now tells it as it is ----------ALL IS FORGIVEN IF MR BELL proves himself. THERE YOU ARE - THE TRUTH HAS COME OUT IE THE PA