Member Info for news

Nothing that I can see on the ASX tonight, Wed, 12 June 2024.

Today, in the UK, the New Ballarat Gold Corp [NBGC] deal with POW is to be announced per last RNS.

So, the deal was EXTENDED due to the ASX closed on Mon, may now potentially mean that RRR NBGC was waiting to hear from the Exchange?? Let's see what the promised RRR & POW RNS may or may not now say of the deal.

No one knows the details until the RNS comes out today. Wed, 12.6.24 @12:51 midnight.

£3.1 BILLION. He is also at Kavango now? Nice, a man to tap as he is keen to throw money into mining.

Paul Johnson is very busy tweeting away. He just mentioned that instead of GENERAL MARKET PLACING, his GMET has been doing "FINANCING AT A PREMIUM" with P U R E B O N D .

The big cheese at Purbond has a combined turnover of appox £3.1

P.S.

Critical Path Analysis:

A

B

C

D

The more high powered the name, the more creditability = mkt cap into the same cat as SXG given it appears both are of the same geology in part or in whole. Why? Tutes are the final objective. Pierre Lassonde was aware in the interview about the dampers but he said :"SUNDAY CREEK: FOSTERVILLE LOOK-ALIKE." Fosterville is 1 of the "WORLD'S HIGHEST GRADE , PROFITABLE GOLD MINES."

That is the reason why Pierre Lassonde wants to be ASSOCIATED with a "FOSTERVILLE LOOK-ALIKE" at Fosterville. I think Pierre will be keen on KILMORE GOLDFIELDS based on his own words.

SUNDAY CREEK & KILMORE GOLDFIELDS will be more logical so that will have to play out who takes who OR AGNICO EAGLE, now owner of Fosterville will also eventually make a play for BOTH SUNDAY CREEK & KILMORE GOLDFIELDS?

That the OBJECTIVE TO BE WORKED AT ie MBO for RRR-POW.

Nick, not Nike.

Asked for a name.

Dr Nike Cook , President of Mawson & Geo to be the Technical Advisor.

The Chairman to be PIERRE LASSONDE given he is free and likes to be an early investor. That ought to blow the doors off in Australia. Why? Dr Cook , competent in SUNDAY CREEK geology which will be somewhat the same as KILMORE GOLD FIELDS. Pierre Lassonde is legendary and not someone who is there jobbing. Pierre is stated to be "ONE OF THE MOST FAMOUS INVESTORS IN GOLD." Maybe, the market will faint in Australia LoL. That should impress the ASX regs. Chairman does not need to do as much work so he may not mind.

P.S.

HERITAGE VICTORIA, AUSTRALIA GOVT stated the OFFICIAL GRADE OF "KILMORE GOLD FIELDS" as 3-4oz per ton which converted to g/t au gold is 90g/t gold and 120 g/t gold vs "SUNDAY CREEK GOLDFIELDS" as 1oz per ton=30 g/t gold.

SXG on their website stated: RISING SUN 33g/t au and APOLLO etc 1/2 of this so the HERITAGE DATA of the Victorian gold mining is correct.

KILMORE GOLD FIELDS is therefore the RICHER GOLD GROUND from the Heritage Gov official figures and in fact from the Victorian Library Archive, at KILMORE GOLD FIELDS, 40 OZ PER TON AND 160 OZ PER TON was found which is 1,200 g/t gold and 4,800 g/t gold. So , IF THE VICTORIAN MINERS PAST AND THE THEN CURRENT ARE CORRECT, KILMORE GOLDFIELDS WILL BE "1 OF THE RICHEST IN THE COLONY." It is therefore important to find someone that can FIND the gold and not the inexperienced. So, perhaps the 2ND GEO IN LINE, the lady from Newmont at SXG is the one to ask.

This is the mystery that needs to be SOLVED and no point trying to poke around so best to get someone that knows the ground now like an old hand. SXG people know the ground now as they have had the learning curve. Maybe, DR COOK is now free since he has NO JOB once MAWSON IS MERGED INTO SXG and the current CEO is the one left. Dr Cook has no role.

First , there is IMAGE to consider which means the word BALLARAT must go. Why? Aussies are too nuanced in the Ballarat area inc Bendigo , of which there has been NO NEW FOSTERVILLE 2. So, it must have a CHANGE OF NAME because the new shareholders are AUSSIES, not Brits who dont know B from A in mining or visited Melbourne etc where RRR & Sunday Creek are located.

YES, A TEAM is of the essence. It depends on what sort of co, the IPO potentially seeks to do. IF, RRR and by implication POW want to obtain their Tier 1 or near this, then it is for the LONGER TERM or as long as it hit the A$545m stage or gets taken over. So, the name has got TO BE ONE THAT IS A LEGEND IN AUSSIE MINING of gold. I am not sure who is tutoring the CEO of SXG, given he is a GEO but I listened to his interview last night on the merger and he seems to be nuanced in CORPORATE procedures and WHAT INTERNATIONAL FUNDS want and want to see. One notes that the SXG share price keeps only going up and that may be due to STRONG TUTES AND HNW holding vs the little man deramping to attempt to bring ...down. From what I can see of the merger, it is moving to potential mining at Sunday Creek but they themselves know they NEED KILMORE and KILMORE WEST to operate a large enough operation. No point in Kilmore-Kilmore West starting their own mine. THE MINE trucked to Sunday Creek as in Victorian days would be ideal, given the latter had lots of water. Unfortunately, the more experienced Geo will be either the CEO, Dr Cook or the 2nd in line Geo, the lady from Newmont. SXG's CEO let the CAT OUT OF THE BAG AND THAT WAS HOW I TWIGGED when he said, IT IS MOVING WEST from Rising Sun, the highest grade deposit within Sunday Creek. I will have a think on who can be found suitable

Mr Tray556

I think you should read the RRR RNS of Mar 2024 carefully. Why? It is all there of what I quoted = FACT.

Let me assure you that POW CANNOT GET OR FLIP IT TO THEMSELVES just like that LoL.

Since you have come over from POW, I cannot think that Paul or Sean, an investment banker ie one of the Founders of Liberum are not conversant with Company Law or rule of law.

RRR LOSE THE ASSET AT NEW BALLARAT GOLD CORP? How?

Wild? IT IS IN THE RRR RNS OF MAR 2024 relating to the VALUATION the deal is being done at for RRR 's implied stock at ==0.15p. = FACT.

I am not privy to anything other than in the public domain and so is everyone on this forum. SO . UNTIL THE RNS COMES OUT FROM RRR AND POW, it is ALL CONJECTURE.

RRR & Paul are not in any discord given Paul made his "fortune" in RRR. Then Bell, Chairman of RRR went on to GGP with Paul to restructure. RRR would NOT LET PAUL take New Ballarat Gold Corp UNTIL PAUL can show a PRE-AGREEMENT in the bag to SELL, JV OR IPO the New Ballarat Gold Corp. ALL THE POSTERS DISCUSSING THIS ARE FROM POW OR NOT SHAREHOLDERS OF RRR. THE BIG BUYER IS THE ONE in control here as others are just buying small amounts, some even £2 worth of shares of RRR. So, what is the point of discussion when the MKT IS CLOSED and THE RNS WILL BE OUT TOMORROW from RRR & POW? What is all this about at 8.30pm ? NO BUYING, SELLING AND MKT CLOSED.

Dont really see what the fuss is about. Why? THE BIG BUYER TODAY SPENT £137k+ which is nearly 6%+ of RRR.

So, if one takes out the big buyer, then, its just tiddlers playing with a penny stock as norm but WITHOUT VOLUME.

As for CLOSELOGY, which closelogy as it were IS VALUED AT £12M for 100% of NEW BALLARAT GOLD CORP?

Tray556

In the RRR RNS of Mar 2024, it mentions POW's NOMAD and A I M RULE 15 and it is about a CASH SHELL.

Zumore

The New Ballarat Gold Corp deal : IT IS WHAT THEY DO WITH IT THAT MATTERS. If there is no plan, then what is the POINT OF OWNING 100%? Owning 100% is only to satisfy corporate deals , be it sale, ipo or jv as mentioned before by RRR. Pow is also following the SAME TRAJECTORY with their assets.

Let me correct Try556 if I may:

[1] RRR has 50.1% of New Ballarat Gold Corp vs POW 49.9%. Look at the RRR Mar 2024 RNS wherein, a/c to procedure, RRR is the OPERATOR, not the minority holder in company law. Company Law 101, minority holder cannot take over the operator just like that, at a whim.?

[2] POW cannot JUST FLIP the deal just at will. There needs to be a LEGAL AGREEMENT & a revision.

[3] Just like SXG on the ASX, it is hard to deal with JV's so many co's even like Solgold MUST consolidate it to 100% share.

[4] Read the RNS carefully re: New Ballarat Gold Corp as POW NOMAD must be satisfied that POW has not sold a "substantial part of their business" or else AIM Rule 16 comes into play. I have seen it with American co's and it can be delisted as it is considered then a shell. No need to disagree or agree, it is in the RNS itself.

[5] The New Ballarat Gold Corp is VALUED AT 0.15p and that is 3x the current share price of RRR so it is VERY ATTRACTIVE for RRR even though the mkt has undervalued RRR as a whole ie for this NBGC asset of 50.1%.

Today, the deal closed and BOTH RRR & POW issued an RNS yesterday to say, they HAVE TO WAIT FOR THE ASX as on Mon, the ASX was closed. WHAT HAS RRR & POW TO DO WITH THE ASX? Ah, soon to be revealed. See the RRR RNS and it states about the reason for the consolidating to 100% and in 1 co's hand. THE WRITER of the post to which I am replying to is from POW per his history. NOTHING TO DISAGREE WITH - DEAL KNOWN TODAY, TOMORROW BOTH CO'S WILL ISSUE THEIR RNS on New Ballarat Gold Corp. Mkt Closed now, so just a discussion till the RNS tomorrow.

On the earlier sale, the MM's took the price down and then slowly increased it back up again, when the big buys came in. Isnt it known as filling orders from the time stamps?

Robins,

I dont deal in gut feeling. I deal with facts and there is a peer on this forum who can check my work if needed.

FACT is IF, the deal CLOSED today, then the M & A IS £12M.

IF IPO'ed in Australia, it would have to go for more as the deal is equiv to A$22m+, not A$20m as stated by First Equity in a 2023 broker note.

Why A$22m or £12m for the NEW BALLARAT GOLD CORP? Unheard of in AIM circles. So, Paul is also printing M & A money. How? BY PUTTING A DEAL THRU, THE M & A PITCHBOOK will record this price.

BIG BUYS TODAY as seen and they amount to some 6%+ of RRR. Deal has ALREADY CLOSED but I dont know the result and have to wait like everyone else.

IF, IT WENT THRU, THEN THERE IS A CUT OFF DATE of who can VOTE the deal through as per who was registered on the RRR register at that date. THE POSTERS MAY SAY ANYTHING BUT THE VALUE IS THERE ---HOW THE GAP WILL CLOSE will depend on the market reception and what RRR will DO NEXT WITH THIS ASSET which is 6x THE RRR MKT CAP.

Look at how Paul is turning projects into M & A money 101. LoL.

All discussion as everything is DONE AND OVER but only an RNS will tell what is what. Yah?

Have a look above this page as the 5m just turned up. I checked to the very last min and it was still 0.0475p to sell and 0.05p+ to buy. Tues, 11.6.24

Typo: Should read without FURTHER deposits @SXG. Trouble is : SXG stated in recent days on 29.5.24, the SUNDAY CREEK TREND IS MOVING W E S T and that will be to RRR Kilmore & Kilmore West.

-----Biggest event in RRR history ie RRR-POW DEAL for New Ballarat Gold Corp, next door to Sunday Cross, Victoria @SXG, Mkt Cap A$545m.---

The above deal, WHETHER CLOSED OR NOT is already know today, Wed, 11 June 2024. A/c to both RNS from RRR & PoW, the RNS will be ISSUED TOMORROW.

-------------BOTH RRR & POW SHAREHOLDERS WILL HAVE TO VOTE TO GET THE DEAL APPROVED FORMALLY. The PoW NOMAD will see if this deal breaks the AIM rule of POW getting rid of a substantial ASSET per the PoW RNS. If the POW Nomad finds PoW has defaulted, POW CAN BE DELISTED IN THEORY 101 per the rules.

Why? Look at the DEAL VALUE OF 100% NEW BALLARAT GOLD CORP at £12m, 6 times the RRR MKT CAP today.

RESULTS ALREADY KNOWN BY RRR & POW AND THE 2 NOMADS OF EACH CO. ONLY TOMORROW, WILL BOTH RRR & POW ISSUE AN RNS TO SAY DEAL CLOSED OR NOT.

SOUTHERN CROSS may not be able to start a mine without WITHOUT DEPOSITS IDEALLY so RRR 's NEW BALLARAT GOLD CORP next door is sitting pretty. Yes, No? Just as Sunday Creek had mining of gold and SXG merely "RE-DISCOVERED SUNDAY CREEK" rather than a new discovery, so to it would appear for RRR Kilmore & Kilmore West given this was the 1st mining town to Sunday Creek, 14 mins next door. Now that SXG has merged, it will list in Canada to cater to INTERNATIONAL INVESTORS. So, RRR also will be in the spotlight. Have to wait now and isnt that what DL said of Kilmore will gain more eyes with SXG? Yes, No?