RRR: Why I have been parked here?2 Jun 2024 20:06
OlderWiser, Kindly dont let me give you the idea or anyone else that just because I am here on this RRR forum that I necessarily ENDORSE this co, as if its the best thing SINCE SLICED BREAD. I saw it on Twitter about the RRR RNS about the DRC arbitration award and I looked further & that is how I landed here recently. Also, I know not that much about Africa projects so since there are folks here like Helpful who know a lot about projects in Africa, he has filled me in. So, very educational. BUT, African projects are not what I am after as I prefer AUSTRALIAN commodities as its a Tier 1 jurisdiction. So, I delve more deeply into RRR Australia , hence why I posted about Sunday Creek but I dont run RRR-POW nor have any say whether they pursue my liking of RRR-POW KILMORE, although until DRILLED , one can never guarantee anything be it Sunday Creek trend in RRR Kilmore or Kilmore West. Its a pity that they could not find out more about BHP at Kilmore West @50m at 1g/t gold or if BHP drilled more than 1 hole. RRR Australia will NOT BENEFIT this co unless they [1] hit the same high grades as Sunday Creek @SXG , next door [14 mins away] [2] Keep the greater part of the IPO so that the upside can be reflected in the share price and NOT sell before it can reach its potential because liquidity is needed. [3] Get real Geo experts in like Dr Nick Cook, Tech Advisor to SXG £545m or £291m with just drilling done with no JORC or mining etc. I listened to Pt 2 of Dr Cook's video --LEAP FROG of Sunday Creek and very interesting how it shows continuity etc. ON PAPER: Assets are there but can they SPIN THEM ALL OUT and concentrate on the 1 main project ? I dont know as nothing said of strategy. Hence, why I CAVEAT: OPTION MONEY in case I am ... as I have no privy info not in the public domain. Am I going back on what I said today? NO, THAT IS THE OFFICIAL VALUATION REPORT and we must [we , as in s/h etc] and that is what the authorities will ask for if one rings them up eg what did the broker report say? MR BLACK , RRR TR1, 31.5.24 - he has now almost DOUBLED his stake within some 2 days in quick hurry. IF he should want to SELL HIS 10.9%, it is going to be hard to sell as norm. Usually, the ideal is 6% from my gen obs of others? DOES MR BLACK KNOW SOMETHING WE, DONT? YES in my view. Why? Mr Black lives in the Isle of Man , a TAX HAVEN and one cant just pack one's bags and land in Isle of Man unless one has some $$$ given in Monaco, one needs $10m USD minimum. Mr Black is also an INVESTMENT BANKERS and £263,000 or £473,000 is still a lot of money. In A$, it is nearly 1.91x which means A$1m and one could buy quite a decent property and I am sure Mr Black knows. HENCE, ON THE OTHER FORUM, ONE ASKED WHAT IS MR BLACK'S ANALYSIS OF RRR? HE IS NOT TELLING and why should he given that is his analysis, RIGHT OR WRONG. As for me, I AM WAITING FOR RRR UPDATES. Meanwhile, I just park here to post INSTEAD OF GOING TO FORUMS to post given other stocks are easier t