London South East | The UK's favourite investor portal.

Sino iron ore in Australia owned by the Chinese has turned in $1.3 billion profit.
I have just checked that Sino's MAGNETITE mine has a resource of 4 BILLION TONNES which the largest.

So, Mt Ida , Western Australia in Juno [IPO in 2021] with 1.85 bt tonnes is not bad.
Andrew Bell told Stockbox Media recently that Mt Ida 's longer term exploration target is
2-3 bn tonnes.

Latest reference on Mt Ida is via Juno's interims of Mar 2022.

News, Sat, 7 May 2022.

darientaylor
As for the disposal of Anglo Pacific shares, IF ISSUED given I was not here at the time, means that it will have gone through the accounts. I note no one looks at the accounts?
I have no time to trace those. However, there are so many accounts on this forum but there is NO actual reference to date of RNS etc. So, Russian etc is not something I have seen.
In answer to Robins as well.

I do not know if you guys are current holders of RRR but certainly if by what you said,
there is no point in being in this stock?

There are better stocks out there I am sure that can fulfil your criterias.

I mean this in a respectful way.

I am here to see what is what for myself and post for those who are interested.

On most stocks one finds that folks must be investing blind. I have just seen MCCOLLS go into administration. On Daily Mail today, it went down with some £90m in debt.
I havent checked whether this figure was in the books but I do know that it was in talks to RE-FINANCE. Some lost thousands so it is obvious folks are investing blindly otherwise how did they think a co going into administration is coming out? Co had warned that even in a re-financing, shareholders will lose out. Same with Sirius Minerals - folks in Yorkshire put their live savings in, pension and every penny they could find. Lots of coverage in the Times etc but just BEFORE it crashed, BANKS WERE REPORTED to be no LONGER LENDING for mineral production especially of the type like the potash from Sirius. If one were WATCHING OUT, one would have known. There is NO SAFE STOCK -FANGS type big mkt cap stocks HAVE CRASHED some losing 70-80%.

So, kindly bear that in mind. Look for something one will be happy with. I always only put in not a lot but I research and keep an eye. If it does not work out say, wild cat drilling, I just walk away and dont post on the forum to moan - no one forces anyone to invest and therefore there is a element of risk one can never discount.

Hope that clarifies in general and in particular.
Sat, 7 May 2022.

In answer to Greenland sold for £1?

According to Edison broker note, it was sold for US$ 1 7 . 7 5 million.
However, the sale was deferred. From other places, it was said that the co buying it was International Media group, a private co.

I was NOT here at the time of this asset but I note that in the RRR INTERIMS OF 29 APR 2022 there was a entry for Greenland for some £69,000.

RESEARCH AS TO WHERE MELVILLE BUGT IS CURRENTLY.
It is SITTING in the assets of ALBA MINERALS. They took it out of Alba Minerals via a Companies House check and put it into GREEN ROC, a spun out AIM listed co with Greenland assets including Thule Sands, MELVILLE BAY ,GREENLAND IRON ORE etc.

Alba Minerals [now spun out from Alba into Greenroc] has 51% in the JV:
"MEL 2017-41 JORC 67 million tonnes at 31.4% done by previous owner in 2011 over the HAVIK prospect. THE OTHER L I C E N C E STAKE HOLDER IS A PRIVATE MINERAL RESOURCE INVESTMENT GROUP."

How did I find out? I checked Melville Bugt, Greenland and saw Alba Minerals but did not check it initially. Then, I looked into Meville Bugt iron ore and saw the map included HAVIK prospect.

The clue was in the LICENCE NO: MEL 2017-41 for Meville Bugt.
Same as what Alba/Greenroc has ie MEL2017-41.

I then went to the GREENLAND AUTHORITY MINES SITE TO CHECK OWNERS, LICENCE NO'S AND FOUND THAT MEL 2017-41 IS " A C T I V E " AND THE OWNER IS
"WHITE FOX LTD, Co No 10818472."

I also checked International Media Group, the private co that owns the other 49%.

GREENLAND MARY RIVER
There is a world class project at Mary River mentioned in the past by RRR and Alba which is a 350Mt 65% iron ore DSO project. DSO stands for Direct Shipping Ore.

No mention of RRR's Greenland sold for £1 by Robin or another poster?
The other poster posted in recent days about Greenland ie the money is in a FROZEN CYPRUS BANK.

MYSTERY
There is the GREENLAND entry in the latest RRR INTERIMS of 29.4.22 so at some stage, there needs to be someone who knows to clarify. If the asset was again .....then I am sure
it has to be litigation somewhere in the mix as norm?

News, Sat 7 May 2022.

PROSPECT, ASX
After selling Acadia lithium, Zimbabwe to Hoyou for US$422 Million, they have gone on to another project.

https://www.herald.co.zw/prospects-step-aside-project-on-course/

"STEP ASIDE PROSPECT, ZIMBABWE: 4 more MINERALISED PEGMATITES C O N F I R M E D
BY HISTORICAL STREAM AND SOIL SAMPLE,
GEOCHEM RESULTS.
ROCK CHIP SAMPLING UNDERWAY, TRENCHING & DRILLING."

Drilling 3rd Qtr, 2022.

100 hectares.
STEP ASIDE [PROSPECT NEW ZIMBABWE LITHIUM PROJECT AFTER SELLING ACADIA]:
====8KM N O R T H OF A C A D I A lithium. ==HARARE greenstone belt===
15m thickness, ===3.5 KM ALONG STRIKE.===
---
Comment:
Mr Bell said earlier that ASSAY RESULTS will be released once licences have been granted. So, looking forward to what the assays show FOR THE ACTURSUS LICENCE near Acadia [nr Acadia was mentioned in earlier info].

====HOW MANY PEGMATITES ?====

RRR TO SELL ZIMBABWE LITHIUM LICENCES?
Well, the tweet yesterday said; "ASSIGNED VALUE OF $1M."
So, say that take off US$100,000 for 10% sold to American high net worth investors leaves $900,000 = £ 7 3 1, 000 [FX £1=US$1.23].

================SO, PROFIT £731,000 MINUS APPLICATION FEES ETC=========SAY NET £ £650,000 TO £700,000?====

So, to sell or not sell ?

If there are SEVERAL PEGMATITES AND A SIGNIFICANT RESOURCE AT GOOD GRADES, THEN
MAYBE DERIVE VALUE OR SELL IS UP TO RRR.

When the Americans bought into RRR's new subsidiary with 2 said licences, there would have to be a VALUATION REPORT done by an investment bank to see before parting with money. HEREIN, THERE IS =============PRICE DISCOVERY===============
Hence, why Paul Johnson did PRICE DISCOVERY OR VALUE METRICS FOR ALL RRR'S ASSETS in the past when he was an investor in RRR.

That is what I am trying to do for myself and posting my info as Paul Johnson posting figures but no one knows how he got those figures as he did not explain.

RRR is an investment vehicle and hence it is the CURRENT ASSETS that are of interest as they have to be VALUED as best as one can at any single time. It is not like some exploration co's where they have only 1 project eg CGNR in Ireland.

Sat, 7 May 2022.

On another forum [RRR], one poster said that Mr Bell said that RRR will be his swansong when he retires.

CO HOUSE
It stated that Mr Bell is 67 years old on Feb 2022. So, Mr Bell has reached retirement age and it is up to him when he wants to retire.
Prior to his retirement, one hopes that he will REALISE VALUE from all the exploration assets on the books including Greenland which still appears in the interims RNS of 29 Apr 2022 [small note of £69,000 from recall and this may be for licence fee but I am not privy].

REALISE VALUE
Some can be reaslised earlier and some not so given that it takes time before commodity prices are attractive enough for co's to come in etc and they have their own cycles.

CGNR - loads of murmurings but when gold price was not condusive, no one wanted to JV etc especially in Ireland where the AISC will be more akin to Tier 1 jurisdictions. It takes 16 yrs for a mine to come into existence as industry norm. Now, with gold at US$1,850+, a JV partner has come in by way of a Turkish Fortune 500 co. I did know as co's were last interested when the gold price was high and not before. So, some things are out of the hands of the co but rather depends on the commodity price and when investment money comes in.

JUDGE ON WHAT IS GOING TO HAPPEN
Mr Bell has mentioned on 29 Apr 2022 in an interview with Proactive what is going on with some of the projects example CONGO MUSONOI, LITIGATION, OFFER FOR THE CO etc.

Mr Bell is going to the Congo to settle the US$5m +US$15m re: Musonoi by way of cash or "EQUAL LICENCES /SPLIT PROPERTIES" [50.1% to RRR/JV]. He also mentioned" FIT FOR US$250 MILLION LITIGATION OUTSIDE CONGO."

Mr Bell also said: "OFFER FOR OUR ASSETS." He did not mention what asset but from looking back at older financial Annual Reports, Interims, it would appear that the CHINESE were going to JV/BUY KENYA MIGORI from RRR but the Covid rules stopped them. Not sure if this is the asset ?

13 TOTAL TRADES IN RRR ON FRI, 6 MAY 2022 ON DAY OF ZIMBABWE LITHIUM
So, obviously, NO ONE IS INTERESTED IN BUYING.
This is the case as Paul Johnson said when it comes to co's wherein investors chase when a share price goes up and not before. So, methodology is CHASE prices and then ....?

IS MR BELL ABLE TO REALISE VALUE FROM RRR 'S PORTFOLIO?
One has to wait to see what happens when Mr Bell returns from the CONGO, DRC.
Then, comes the rest of the portfolio.

MT IDA
I am hoping that Mr Bell will help the Juno big cheese see that getting Mt Ida up into a mine will take time and a/c to their Mar interims, it will be only once Mt Mason comes in steady.

Mt Ida is said by the MD, Juno to be the "MOST ADVANCED" and biggest in the Yilgarn.
Gina Rinehart is interested in Mt Bevan, next door to Juno's Mt Mason. Mt Bevan has 2 projects and one is ALSO A MAGNETITE iron ore project at 1.1bn tonnes vs Mt Ida [Juno 100%] at 1.85bn tonnes.

Edison put a value of US$3.5 per tonne for Mt IDA at 1.1-1.3bn tonn

Part 3:
RED ROCK RESOURCES
At 0.4p mark, MKT CAP £4.2-4.4 million, it appears to be SHELL MKT CAP.
So, I paying the SAME PRICE AS EVERYONE ELSE.
I dont tend to plunge in as experience shows its never wise.
RRR came to my notice as RRR said it was getting 2 licences NEAR BIKITA and near ACADIA.
I am trying to locate Acadia to RRR's new licence but I cant at the moment as there has been no LOCATION MAP SHOWN. How close I dont know yet.
As I said, another AIM co has got in at 51% near Bikita but one has to pay £15m mkt cap.
So, RRR getting 75% less 10% to American High Net Worth investors @U$100k seems
a better proposition to me. So, to me, the REST is free and hence I have to see what RRR has and what they are doing with those resources.

SIMPLE QUESTION
Anyone in RRR should ask - LATEST INTERIMS show EXPLORATION ASSETS of some £13m/£17m [split etc but not minus liab] - WHAT DO THESE EXPLORATION ASSETS CONSISTS OF?
WHERE ARE THEY? HOW MUCH IS THE ALLOCATION ON THE BOOKS AND WHEN WAS THE LAST R E - V A L U A T I O N ? Has any IMPAIRMENTS been taken into account?
Andrew Bell mentioned CONGO is on the books for £590,000 region so OBVIOUSLY impairment has been taken done given the settlement is US$5m and US$15m [50.1% to RRR] and then "FIT FOR US$250 MILLION LITIGATION OUTSIDE CONGO." [Interview with Bell by Proactive on 29.4.22 after interim RNS].

Greenland is seen on the books at some £69,000 spend. One should ask WHAT IS IT FOR?
Doesnt sound too much nor too little so is it for the GREENLAND MINERAL AUTHORITY FEE PER YEAR? Again, no one is asking or where is the asset at etc etc?

HISTORY OF RRR
Yesterday, RRR had X, Y, Z - I was not here. I didnt become a millionaire like Paul Johnson who cut the co down to all the assets. I have seen his historical posts on RRR as one poster on the other RRR forum gave me the link. Paul BREAKS DOWN THE ASSETS TO £ X.
However, he does not post INFO ON THE ASSETS and CHECKS FROM DIFFERENT SOURCES TO SEE IF THEY ALL CONCUR . Paul is an ACCOUNTANT and his last job was RISK ADJUSTOR for an insurance co so he cant certainly CUT EVERYTHING DOWN TO £X. However, if I was there then, I would ask how do you GET THESE £x, £y? I tend to SUPPORT my figures from DIFFERENT SOURCES to try to make sure that vary to only a small variance.

Paul Johnson made his fortune at RRR when it went up from 1p to 20p and First Equity note said that Jupiter etc was the reason.

Today, RRR's MKT CAP IS £4.2-4.3 MILLION and it has SUITE OF ASSETS/EXPLORATION and ONLY THIS WILL COUNT IF THEY ARE BROKEN UP. JV'ed, SOLD or develop as norm.
THESE ARE THE QUESTIONS I HAVE BUT UNLESS I KNOW WHAT THE STATUS IS ON A LL the EXPLORATION ASSETS ETC, ONE CANT TELL.

PROOF? ONE HAS TO WAIT TO SEE WHAT IS GOING TO BE DONE TO THESE ASSETS /EXP AND OVER WHAT TIME FRAME?

BASIC QUESTIONS AND RESEARCH EVERYONE SHOULD BE DOING FOR SELF.
Other wise , investing is akin to a CASINO as BUFFETT recently said it has t

HawaiiFiveO said he saw a stream of my info on XTR at 1p BEFORE drilling started.
Once I finish research , I wait for the DRILLING RESULTS. Then, I EVALUATE again as to the results vs outcome to come.

XTR is under another CEO. If I post as a day job, it is NOT paying and I cant waste my time.
Better to GET info from the co instead of trying to look everyway. Then, the co pays for the article and it gets posted on Twitter. Those articles are NOT very in-depth. Of more indepth
nature will be those from Align but I do not know if they get paid and by whom.

Edison did do broker notes on RRR but in recent years, NONE as Mt Ida has already been covered but NO ONE HAS UPDATED that situ. I have done it but locating more info and up-to-date.

I have been a long time on the London South East but I do not post on many forums as I have little interest in smaller finds etc unless they are potentially Tier 1 IF it can be managed.

ADVANTAGEOUS FOR MORE PEOPLE TO KNOW:
The more known of the resource assets the better. Then, everyone will have more
edge and can ASK more informed Questions if the opportunity presents at Presentation Q & A's.
I am an RC and maybe I see life as a community or taught it is a community.
I have quite a bit more research that I have done last night on Zimbabwe lithium and Greenland. I get eye-strain and hence typos etc. I cant check everything and by posting, I am hoping that LONG-TIME investors can contribute by filling us in on say GREENLAND. I found where that asset of RRR's is.

I trust this explains matters.

No, it is MORE PAYING to SET UP A CO to do research and CHARGE. Co's like KATUSA RESEARCH, NATIONAL INVESTOR etc CHARGE. I know National Investor 's pieces are NOT free as they are via subscribers. These are Canadian. As is PROOF, NONE OF THEM POST ON ANY FORUM FOR FREE. Willem Middlekoop, DISCOVERY FUND - one has to invest in his fund and he does the research, visit etc but NO FREE WORK or POSTING ON FORUMS. They earn a very big income and they will have to EAT PLAIN BREAD AND LIVE NO WHERE TO POST ON FORUMS FOR F R E E .

I squeeze everything in and work late into the night in the past.

Reason? I am trying to FIND THE NEXT TIER 1. VERY DIFFICULT - so have to sometimes set my sights on Tier 2. Getting harder as discoveries are getting smaller or not so many.

ERIC SPROTT made his money from such research. YES, trying to find a Tier 1-read his bio as its free to read.

I cannot GUARANTEE ANYTHING. I post UNBIASED RESEARCH and good or not so good is up to any investor. I post the research and evaluate later by thinking it over carefully.
Most of all, is to see IF VALUE CAN BE REALISED.

So, anyone investing and not doing research is running a risk. One person lokst everything in DEBS --easy to do STORE research. Visit it every day and see trafffic.
See where people are spending their money ie online, shops etc? LAST TO KNOW will be risky. However, people dont do as muc

Banburyboy
As to the question posed to me I will answer it this way:
[1] Many co's on AIM are UN-RESEARCHED and this is a well known fact. What is the reason?
It costs money. So, the other way to get some research is to be a CLIENT of say SP Angel, Hannan etc. Not everyone can become a client of these Tier 1 brokers and therefore
research is not going to be forthcoming on the co's they COVER.

Private investors do hardly any pure research of the type that REPLICATES a note that will tell one:
[] What is the asset?
[]Where is the asset? Tier 1 jurisdiction or not? One has to check RISK profile of that country by looking at whether there are international tribunal litigation against it and how many.
[] Easy of doing business is obvious and whether the CURRENT govt is MINING friendly and if any CHANGES, then got to know quickly or its going to be a disaster. Example? Mexico has nationalised lithium and are reviewing SONORA lithium. Last to know had it.
[] Is the resource something HOT and everyone is chasing it?
[]Demand -Supply : which was is it heading? Can new supply come on and when?
[] If the resource is big, how big - is it a TIER 1 near infrastructure etc as it affects cost.
[]Most important is HOW MUCH IS THE GOING RATE shown by latest Mergers & Acquisitions.
[] Is it the largest Tier 1? A JUNIOR EXPLORER FINDING A TIER 1 IS THE MOST
REWARDING in terms of share price as it will reflect the underlying resource.
Examples of historical only? - Solgold at Cascabel , Greatland Gold at Havieron.
Solgold went from £8m mkt cap to £800m at one point but has come down a bit.
Greatland Gold , a bit of a higher mkt cap at £15m region to £1bn+ at one stage.

No one is going to do the research for one so one has to do research of the type that is needed or just jump in blind.

So, that answers your question. THE TEMPLATE IS COMMON KNOWLEDGE as to what has to be uncovered. Why? CAN IT BE SOLD, JV'ED, PARTLY DIVESTED AND SOLD eg Ivanhoe sold 40-50% of Kamoa-Kakula to Zinjin at US$400m [Robert Friedland fame].

Your question is well posed and I am not sure what you mean by "posting part of your role in a day job?" There can be 2 meanings to the Q. So, for the AVOIDANCE OF DOUBT, NO - NO ONE POSTS IN A DAY JOB. Why?
[] City firms DO not cover research for AIM co' and definately not RRR at £4.2m. These are called TIDDLERS and shell like mkt caps.
[] City firms have research depts and it COSTS money to hire staff so they are NOT going to do charity as said and the regulation does not allow them to give it to p's UNLESS THE FIRM PAYS FOR IT by commissioning it.
[] City jobs in this line are pretty well paying [under-statement]. CITY FIRMS DO NOW CARE WHETHER THE PRIVATE INVESTOR KNOWS OR DOESNT KNOW as they cant survive on charity ie do FREE RESEARCH.

Why am I here?
I LOOK FOR SHELL LIKE MKT CAPS and see if they have TIER 1 POTENTIALLY.
As I get information from research bit by bit, I post for everyone .Proof? Hawa

Latest Share Chat

Member Info for news

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)

Latest Share Chat

Member Info for news

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)

Please enter at least 2 characters

No results found

Search results

Recently viewed

Trending