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DAY OF ZOLTAN POSNAR

The Credit Suisse economist who made a mark on his commodities thesis. The market has slipped up on gold [now copper] juniors etc.

Thank you Helpful for your clarity on Theeeeduke. One needs to check both sides of the story.

I just saw a side post running and went to ARS and copper futures are climbing. Gold at record prices and higher on the Shanghai Gold Exchange is now public knowledge. So, Goldman Sachs was RIGHT as I posted on this forum.

Mr Market - the trend is your friend.? THE WORM HAS TURNED [gold, copper]. Oh, RRR Strategic Advisor's co is on the Top Risers List today -that is the SAME one they told would not survive - AGAIN, THE SAME FUNDING ACORD. It has NOT only survived the same as RRR but gone on to the top riser today. THE MARKET WILL BE RUNNING with all the goldies junior explorers WAKING UP with their deposits - RRR has 1.2moz gold JORC worth more than DRC [First Equity gives US$13m attribution] for a US$2.5 BILLION VALUE IN GROUND /SITU. So, that is 0 . 5 % WELL BELOW CRONFORD'S 1-2-3% , isnt that MIS-[PRICING MODEL?

Theeeeduke

May I also pay you, duke the same : you were UP AWAKE at 5 : 4 5 AM IN THE MORNING to read this forum and POST TO ME. Wah. As for me, NOOOO, I confirm that I am NOT overexposed. RRR's share price is moving in a small range and that is FACT via live price. I checked DL as norm since folks said he is an strategic advisor to RRR , so I have to see what he has to say [all must be taken into account to gain a CONSENSUS of the market place].

RRR AGM, 16 Feb 2024 : Resolution 4 passed: Authority to Issue [difference between authority and ISSUED is very -marked]. In short, NO ISSUE to -date. It is my perception that those in London are more qualified etc than us peasants and therefore in that suite, there MUST BE LAW GRADS, BIZ FINANCE GRADS etc inc London School of Economics, MBA from Harvard etc, and IF so, it would have suggested from the RRR DATA , to issue would NOT be prudent [British under-statement]. Why? RRR RNS has mentioned "DRAFT AWARD " in the hands of RRR - it must also be in the hands of the JV partner etc re: DRC Arbitration Award. As I pointed out LAW 101 - IF, on the presumptive, there is already a draft award, ALL PARTIES MUST AGREE -that is what a DRAFT is legally ensured to achieve/do. Mr Bell said from Kenya, "ALL PARITES ARE AGREED" & given the JV partner's lawyer wants "tribute", he is NOT a legal party, hence it is not a legal stumbling stone , textbook law 101. BUT YOU ARE FREE TO DIFFER, in a free country like U.K. Suffice to say, Mr Bell was ASTUTE to be the 50.1% PARTNER - that means that in mining , RRR IS THE OPERATOR and it was SOLD without RRR knowledge. This is now the matter of the DRC & US$10m claim is looming, with a potential US$430 MILLION to come in potential international arbitration in Switzerland or London [Article 4 of Treaty of Rome [Helpful said it is not Washington DC or Paris]. So, Mr Bell does not appear to be able to oblige the RESOLUTION 4 AGM ---but all will be PROVEN RIGHT OR WRONG or somewhat right, somewhat wrong ---that is awaited. The turnover yesterday was so high at some OVER 200M --eyes are watching from this high volume -maybe many are too afraid to post , only me and Helpful here dare to post to you and the resident.? LoL. Hmm, maybe the Joe Trader know more than me but then again, I depend on God and Genesis 12:3 and to this end, RRR is a blessing to me via their perceived MIS-PRICING model [assets more than liabilities 101]. You said Mr Bell & Helpful know who you are etc, so you must be more SENIOR to the resident? Anyhow, you have the advantage and in the past the market did not make DECISIONS by rote but rather by ANALYSIS of mis-pricing. Mr Bell is well aware of that and has said so, or the broker reports also say so via First Equity & Clear Capital on RRR website. Sorry for typos. Thur, 9:50am, 7 Mar 2024. Not long to go before we await DRC Commercial Court etc.

Https://twitter.com/DavidLenigas/status/1765299655363932276 Wed, 6 Mar 2024 [RRR RNS embedded].

DL was appointed Strategic Advisor to Red Rock Resources recently.

Https://twitter.com/DawesPoints/status/1765480020192149827 2 hrs ago, Wed, 6 Mar 2024 @11:45pm.

"This is a big bull market for all things GOLD. Market breadth is starting to improve.Mid cap GDXJ is breaking out vs GDX majors. SMALLER STOCKS READY TO OUTPERFORM LARGER." -See Barry Dawes chart. Barry Dawes on Linkedin: "Founder of Martin Place Securities, over 30 yrs investment mkt experience in resources and commodities in Australia and internationally." On Linkedin, Barry Dawes liked an ARTICLE and posted it on Linkedin: "Making Money Matter : INTERVIEW M A K O GOLD." LoL - Helpful gave a link to MAKO GOLD re: RRR/

INDUSTRY NEWS:

RRR Mikei, Kenya - 1.2moz Gold JORC.

RRR Cote d'Ivorie -Gold/expression of interest and report for Canadian/s.

RRR Australia, KILMORE next door to Sunday Creek, Victoria JV with POW -Gold.

RRR Bukini Faso - machinery to site for test plant. -Gold.

RRR DRC -awaited arbitration.

RRR Royalties mentioned also in RRR RNS@Reach, all today, 6.3.24.

Hope you are not saying that of the Financial Times:

"GOLD'S RECORD ASCENT STILL LEAVES MINERS DIGGING FOR DEALS."-Financial Times, 12 hrs ago, Wed, 6 Mar 2024.

https://twitter.com/FT/status/1765320314781655271 Link to FT, 6.3.24

Quote: "The best returns on investment-averaging 100%-occurred under purchases of $2bn ACCORDING to an ANALYSIS of 22 DEALS since 2018 by BMO---THESE WERE usually MID-SIZE BUYING--------SMALL FRY WITH GREENFIELD projects."

Comment:

"Hardcore"? per resident ? But not SHAREHOLDER? RRR 's projects are all GOLD and they are not small either eg RRRAL of Australia, at KILMORE , next to Sunday Creek of SXG, mkt cap A$132m and climbing. Yes, all those First Equity RRR project values are NOW INTO PLAY as RRR RNS today is about KENYA [1.2moz gold JORC per First Equity is attributed the highest value accreditation to RRR at US$13m [1.2moz x US$2,100 per oz = US$2.5 BILLION IN THE GROUND], expression of interest in Cote d'Ivore [see my post below of which RRR is close to Endevour] and DRC. NAME 1 AIM CO THAT HAS SO MANY DEPOSITS esp Kenya 1.2moz gold JORC which is even more than DRC US$10m claim. More to come if it is taken to international tribunal [per Helpful, it is either London or Switzerland for the hearing under ARticle 4 of Treaty of Rome]. CLEAR CAPITAL BROKER NOTE which I have quoted many times from RRR website: $$ LOST FROM RRR MUSONI IS US$430M [read and check]. News, Wed, 6.3.24 @10.37pm, MKT CLOSED AND NO ONE AROUND except non-shareholders.?

https://stockhead.com.au/resources/around-the-world-and-back-why-this-geo-returned-home-in-search-of-victorias-next-major-gold-discovery/ stockhead.com.au, australia, 2.10.23

"southern cross gold's md mike hudson says he wants to find a multi-oz deposit at sunday creek, victoria goldfields. the geo has travelled the world but could make his biggest find on the doorstep of his birthplace of -----k i l m o r e ---. hudson has scoured nsw to peru, ****stan, argentine, finland & portugal since stepping out of melbourne uni. go figure that his real treasure could be found virtually in his back yard, just mins from his home town of k i l m o r e , 75km from melbourne. shares in sxg has lifted-- 300%-- or 4x since it was spun out of mawson in may last yr. former newmont geo, lisa gibbons, another globe trotting rock scientist whose achievements inc major discoveries at world biggest miner tanami in the northern territory. her farm sits on sxg's exploration permit . and to me , that's the amazing potential here-we're still seeing gold on surface like we would in tanami. [lisa].

comment:

well, rrr's licence per the rrr tweet and today's rns, wed, 6.3.24 on australia gold is at k i l m o r e , victoria, the 1st mining town and when the gold ran out, they moved to the next door at sunday creek. now , sunday creek is making the news and mkt cap has gone to a$132m and climbing. sunday creek is said to be drilling 1km down a/c to locals per another article i just read. well, mr bell is on a gold r ooooolllll.!!! relevance: sunday creek is rrr's neighbour @kilmore.

Chased up Endeavour in Cote d'Ivoire referred to by Mr Bell, Chairman of RRR in a early Master Investors article below.

Ref: "ENDEAVOUR MAKES M A J O R greenfield discovery in Cote d' Ivoire with maiden 1.1moz and 1.9moz inferred resource." RNS or PR as they call it in Canada dated 21 Nov 2022. I wont chase up any more but wait to hear further from RRR as its too much work digging for more majors in Cote d'Ivore.

RED ROCK RESOURCES COTE D' IVORE:

Re: Mining Weekly article just out about the RRR RNS@Reach today, it also mentioned "EXPRESSION of INTEREST" in CDI.

I have just tracked down Alistair Ford , Mining Analyst at Master Investors on RRR & Cote d'Ivore. Briefly, RRR got "650 samples from their geochem programme over 250 sq km --they know where the artisanal miners are, the geology and the samples will guide to more detailed geochem. It is forested and not easy to explore and over the border is Bukina Faso & Mali on very open country--and it is just over the border with Ghana. RRR ===HAS BEEN ABLE TO PICK WHAT IS THE LARGEST POSITION IN THAT AREA ------NORTH OF US =ENDEAVOUR= HAS 60KM GOLD ANOMALY." RRR is hoping they will get something from the 1st batch of results. That is the backdrop thus far that I could locate on what it is about at Cote d' Ivoire. Alistair used to run Minesite which I followed closely in the past as its very mining orientated. Will check further if I have the time tonight.

Article mentioned "expressions of interest" re:RRR 's Cote d' Ivoire. Anyone know it is JV or sale from historical RRR data? I know Cote is rich in gold from IRR days from pics? Question: Do folks not think that prestigious pub like Mining Weekly are covering RRR 2 Reach |RNS BUT folks like resident says otherwise given pub goes out to the mining INDUSTRY GLOBALLY?

Https://www.m.miningweekly.com/print-version/red-rock-execs-will-have-to-personally-visit-drc-to-resolve-10m-claim-2024-03-06 Mining Weekly [Written by contributing EDITOR].

Mining Weekly is a very well known and respected publication and the Editor wrote it ie contributing. I cant copy out the whole article but folks can read it. Obviously, Theeeeduke has just replied to me and says he is in crypto related stocks but he and the resident are here from early morning, the latter at 6am onwards and some dont sleep but wake up to post at 4am. Since I mentioned the time after checking in the noon, they have decided to post a bit later at 6am starting from.

Obviously, the Mining Weekly goes out to the WHOLE MINING INDUSTRY and I would think Gecamines will have to subscribe to such publications. FOR SUCH A PRESTIGIOUS PUBLICATION like Mining Weekly to publish RRR RNS@Reach today, Wed, 6 Mar 2024 means that the DRC litigation matter is of interest to the WHOLE MINING COMMUNITY globally. Why? If it is settled, it will go into the archive that matters are settled as norm. To me, the title suggests that Mining Weekly has listened to the Andrew Bell, Chairman of RRR interview from Kenya today with Stockbox, post RNS, hence why they know that RRR executive will have to "PERSONALLY VISIT DRC." I recall that was in the said interview of Mr Bell flying back to London from Kenya, then from London to DRC. Oh, Mining Weekly writes about KENYA lic ences and the team on the ground and quotes Mr Bell about RRR's assets in gold which was anticipated ie gold. Have a read.

DYOR. NIA. I do wonder how it is logical that if not invested in RRR, folks wake up at 4am, 6am to post? Not logical ?

Theeeeduke

If I were to say anything in 10 words, I might get BANNED. Why? Jumping to conclusions without foundation or synopsis. Example: X, Y or Z is going to win the court case? How? Who is privy to that? But IF I make a case per norm, then no one can fault it.

Blueboy1975 - the word "imminent" is not per the dictionary necessarily. The 1st co that I came across using "imminently" was Solgold. Imminently turned out a long time. If one were to take it to litigation, one would lose. Why? Because the stock market lingo meant is well understood. Hope that clarifies. Timing - look at every DRC international arbitration case, it take years to resolve it ie sittings, adjournments etc, hearing reports, tribunal sitting etc. Anyone hear of early decisions in court over a complex case ? Even the RRR vs Carp took 3 wks from recall and total 6 wks -costs a fortune in counsel's legal fees, court fees, disbursements etc.

Duke, what have your "consortium2 of supporters decided? Give up like Solgold today, up 20%+ and RRR did go up 20% today. At Solgold, folks say there is a missing 75m shares----oooooh, my.

Blueboy1975

May I elucidate: it is FACT [check First Equity broker note on RRR website] that states Mikei, Kenya has 1.2 MILLION ounces of gold JORC. Never mind about multiplying 1.2moz gold JORC by US$2,100+ P E R oz but Helpful quoted an INDUSTRY COST OF DISCOVERY ie drilling etc ------------at US$30 an oz.---- So, what Helpful is saying is that SIGNING THE KENYAN LICENCE RENEWALS IS VERY IMPORTANT. In fact, Helpful takes the LOWEST methodology of valuing IN THE GROUND VALUE in situ. I would have used M & A [acquisition per oz via 35 years of data which is the industry standard and done NOT US$30 an ounce but MORE via M & A]. If you go to GGP forum or Solgold, those folks are day and night talking about how much their gold discovery would net them per oz for M & A BUT IF ONE QUOTES COST OF DISCOVERY, those folks would chide no end and say troll for quoting the LOWEST methodology.

HMM, RESIDENTS GONE SILENT ---Mr Bell CANNOT ISSUE 1BN SHARES of RRR ie RRR AGM, Resolution 4, 16 .2.24 because the mkt cap of £2.99m is far too low given the Kenyan gold asset ie JORC of 1.2moz and if one takes First Equity's attribution of value to RRR at US$13m [old fig], it means that KENYA IS NOW WORTH MORE THAN DRC's initial claim of US$10m. It is FACT & in black & white on RRR website via First Equity. Very fair valuation of US$13m vs US$2.490 BILLION which is 0.1% [10% of $2.5bn is $250m, 1% is $25m so 0.5% is $12.25m. Cronford of Master Investors said in norm times, value in situ is valued at 1-2-3% of in ground value per his Feb 2024 article --industry standard.]

What have the resident/s decided? Let the sp go as its cheaper that way or wait for higher price as norm per Stock 101? Dont know but I am not an expert of their ideas? News, Wed, 6.3.24 @7.30pm.

Thank you, Helpful. Hmm, Switzerland or London, Article 4 Treaty of Rome. I think London is much preferred in my view but I have NOT checked too deeply.

I am pleased you brought the subject matter up as I was about to post this: I said that a/c to legal procedure, ALL PARTIES must AGREE - that is the legal significance of the DRAFT Arbitration Award to be finalised. Never could I have ever imagine such a notion as "tribute" - Law101 UK law has no such notion as "tribute". Very happy that per Mr Bell from Nairobi, Kenya on Stockbox today, 4.3.24 [post RRR RNS@Reach DRC /Kenya], that "ALL PARTIES HAVE AGREED."

Mr Bell will fly back to London from Kenya and then fly to DRC. Mr Bell, a/c to legal procedure must then ISSUE a LEGAL DEMAND LETTER to the "buyer" since RRR has 50.1% JV stake ie operator. Before Mr Bell returns to London and further legal meeting, if any, then he must approach the "buyer" of Musoni [the payer] and preferably by letter to seek their reply to a potential SETTLEMENT amicably within the framework of M & A /legal dispute settlements. How much that is, I am not sure in these types of cases. Why? Mr Bell must ensure that [1] he has signalled "fair value" and backed up with a M & A report and [2] he must obtain a reply formally [or initially informally] what the "buyer" response is. That is critical to any FURTHER discussion re: International Tribunal. Otherwise? No international tribunal will entertain lodgement of a writ UNLESS parties have sat down to discuss amicably settlement of the matter. Mr Bell will be AWARE that the "buyer" is not in an enviable position from a corporate standpoint so, I wont repeat. FAIR VALUE [bar tax position etc. I did study taxation but not a international tax consultant so have to differ] -----IF WISE, THEN BUYER SHOULD SETTLE -Bell said on RRR website [on 3 RNS on DRC] they have "strong arguments." Meanwhile, it would be unwise to issue 1bn shares worth nearly £1m at such a low mkt cap given the record gold price and value of Mikei at 1.2moz gold =US$2.499 BILLION appox. Dyor, NIA. News, Wed, 6 Mar 2024 @7.15pm [mkt closed and no posters around ie regulars?]

RichyRich1- you did not follow the news BEFORE the RNS came out. Ya, know, its a investor vs govt protection scheme. I dont know the details but it is akin to international arbitration. Think you should go to HC Australia to read about it. Ya could have made 20%+ today IF you follow everything closely. I spend nights reading and viewing videos from the co cos the industry ie mining was looking for that. Correction: RRR Mikei, 1.2moz gold JORC at $2,000+ =US$2.499bn, not $12, sorry typo. ====LONDON SOUTH EAST RRR NOW SHOWING RRR+20.89%.===ON 276 MILLION VOLUME.

Even for the RRR DRC, it is being able to take it to the International Tribunal , be it NY, Paris etc that makes the RRR claim potentially interesting. BUT if no country to country such protection, then sorry. Interesting times for RRR now with the gold price at record high & even HIGHER on the Shanghai Gold Exchange. Trying to find out more about BRICKS. DYOR,NIA.

A UK notary told me: It is stricter for anything from Africa. This notary was a District Judge. So, electronic could mean more issues down the line and with US$12 BILLION on the line in Kenya [JORC 1.2moz at US$2,100 region per oz], I do not think that posters should ask RRR to not secure the licence with a signature in person etc.? Wondering?

Oh, where is the 1bn to come from? Question for our time? Ref: RRR AGM, 16 Feb 2024, Resolution 4 passed for "Authority to Issue" but NO issuance yet to-date of the hoped for 1bn shares of RRR. RRR RNS@Reach & Stockbox interview on Kenya and DRC Arbitration well received by the market with RRR stock up some 17%+ at one point. RRR VOLUME 276 MILLION SHARE VOLUME.!!! Not the usual teeny volume. Thesis says, one way or the other, someone has to BLINK but I am NOT privy to who will have to blink first. All known theory. DYOR. NIA.

"Analysts at Goldman Sachs predict that COPPER & GOLD will receive the BIGGEST price boost in the commodities sector due to potential FED interest rate cuts." -RRR tweet, Wed, 6 Mar 2024. https://twitter.com/RRR_RedRockResources/status/1765301967956406395 [with embedded link].

RichyRich1 : Seen the Solgold share price rise from 6p region to 8p+ today alone [+20%] etc - no brainer as folks are ALL looking for STOCKS with JORC [or akin to] rather than waiting for small explorers [juniors] trying to start drills from scratch? Why? Its about the VALUE IN SITU ---RRR Kenya is not gold "in the air", there is a 1.2moz JORC and First Equity put a $13m value on RRR JUST for Kenya 1.2moz JORC. Multiply 1.2moz gold x US$2,083 [source: Metals Daily] and that gives VALUE IN GROUND OF US$2.499 BILLION.!!! Check on RRR website -the First Equity broker note is still on RRR website about 1.2moz gold JORC, Kenya. Ya know of any junior with JORC $2.499 BILLION IN THE GROUND selling for £2.5m mkt cap region? Lov to hear if there is. Thanks.

RichyRich1

I recall one of the cases now: Churchill Mining vs Indo,18.10.2018 : "In the present case, Indonesia alleged that 34 licence documents were FORGED given the SIGNATURES in those documents were NOT AUTHENTIC..." [To check, call up the title].

Mr Bell was a director of Churchill Mining and the International Arbitration case was for a very large claim. I do NOT know if Mr Bell was a director DURING that time or EARLIER. But Mr Bell would know precedent cases about not putting on A SIGNATURE.

Times have moved on RichyRich1 - now there needs to be even photographic evidence. I had to SUBMIT my photo holding my ID and dated to the High Court. So, I am pleased that Mr Bell of RRR has flown out to SIGN the licences himself as Chairman of RRR. Why? Remember the last time, the govt took the licences and Mr Bell had to fight for it back. Hmm. But each to their own but legal times have MOVED on?

RichyRich1

Whilst it is NOT important given, neither you nor I, are the CEO of RRR, let me just say this: IF it were to be via electronic signature, it is my view , that later down the line, it could potentially POSE to be a LEGAL TECHNICAL issue. Given Mr Bell has an LLB, I think this matter is in better hands for a CEO, qualified in law rather than the layman, dont you agree. I wouldnt trust any electronic signature for the RRR licences @ Mikei worth US$12 BILLION [JORC 1.2moz gold] if that is also included. Just for discussion.