RE: RRR closed up 4.35% with 2 buys 13.5mx 2 for £17,412, Tues 16.4.2416 Apr 2024 18:20
Evening Maidit308. I have been OUT fixing my teeth. However, just before I went out, I noted the then NO 1 TOP RISER, a goldie with a market cap of £19.78m. Their RNS today announced the initial findings of a 3 hole drilling at Jennings-Pioneer in South Carolina. No details yet but it is supposed to be a gold-silver & copper project. Earlier, on 25 Mar 2024, a 4 hole drilling programme was done at their South African project - 1 hole missed but NO detailed assays either.
There is another Zimbabwe AIM co with a mkt cap of £13.71m Two hole results came out with 2.53m & 1.32m @29.08 g/t gold & 1.08g/t from 97m & 214m.
RRR: NONE of the above 2 co's have a GOLD RESOURCE DEFINED BY JORC. So, very early drilling and thus far, the above is left to the reader. RRR has a 1.2moz JORC gold deposit in Kenya and hopefully, we will hear an update as to the renewal of the licence.
RRR AUSTRALIA:
Some one on Hotcopper Southern Cross Gold said that the MKT CAP IS APPROACHING A$500m. Why? As I said, Southern Cross only owns 49% of SUNDAY CREEK, VICTORIA, OZ whilst the 51% is owned by the parent, Mawson of Canada. Southern Cross Gold's mkt cap is A$219m from the last time I checked.
So, RRR at KILMORE, the 1ST GOLD MINING TOWN before SUNDAY CREEK does appear to show promise given Paul Johnson's commissioning to see if the Sunday Creek mineralisation EXTENDS into RRR/POW Kilmore. It does at Donnycreek, Kilmore with 200g/t gold vs 199 g/t gold at Sunday Creek. Helpful posted the latest Mar 2024 presentation of Sunday Creek and higher gold grades have been found. DRILLING CONTINUES and A FUNDING ROUND JUST FINISHED FOR A$10M. NO RESOURCE STATEMENT YET EG JORCE. EXPLORTION TARGET 1.6MOZ.
QUESTION: AS WE HOLDERS AWAIT THE CPR AND SIGNATURE FOR RRR IPO [thanks to Maidit308 who gave the link to POW recent video interview in which the CEO said POW Australia-RRR Australia is HEADED for Oz IPO?]. IF SO, THEN , IT DOES NOT TAKE A GENUINE TO KNOW THAT FOR BOTH POW & RRR, KILMORE MAY BE --------potentially akin to Sunday Creek, and IF, it is so, proven by drilling, THE MARKET CAP will exceed ANYTHING on AIM for both co's.
However, RRR may have to CONSOLIDATE its portfolio and hopefully, they KEEP RRR AUSTRALIAN IPO. That is my view if it is potentially possible. CANADIANS WANT TO BUY INTO SOUTHERN CROSS GOLD due to demand and Southern Cross Gold will be dual listing shorting in Canada. Hope management will say something. DYOR, NIA. Tues, 16.4.24 @6:20pm, Stock Mkt Closed. IT IS ENCOURAGING THAT THE GOLD PRICE IS HOLDING - all goldies are in a better position with a good gold price , so watching the gold price is of relevance?