Member Info for news

RNS:
Had time to just read the 2nd time.
Missed out on : RRR IS APPLYING FOR MORE LICENCES IN ZIMBABWE: "A D D I T I O N A L APPLICATIONS WITHIN AND OUTSIDE THE REGISTERED AREAS OF INTEREST."

YES, CONFIRMED that LICENCE [1] IS NEAR B I K I T A and the OTHER NEAR ARCTURUS.
As said , ACADIA LITHIUM DEPOSIT sold to the Chinese for US$422 is 38km East of HARARE and near ARCTURUS gold mine.

The RNS of today also says that the AMERICAN HIGH NET WORTH INVESTORS US$100,000 for a 10% stake WILL BE USED in the ALS Zimbabwe lithium subsidiary of RRR [RRR has 75% of the subsidiary]. --------------AS BELL SAID, FUNDS FOUND LoL via Americans.-----------Fri, 6 May 2022.

"Mine rework LITHIUM targets after H U G E DEALS."-Zimbabwe Independent, 2 wk ago.
[Put title into search engine to read].

"CHINESE INVESTORS HAVE POURED US$570 Million into Zimbabwe lithium mines in the last quarter of 2 0 2 1.

NEW INVESTORS have poured in EVERYTHING from Z U L U lithium in Bulawayo to ASSETS in B I K I T A & HARARE in 1 of the most AGGRESSIVE change overs."

"It is not clear if this is a strategy by small investors in Zimbabwe to BUY CHEAP ASSETS and S E L THEM OFF AT M A S S I V E PROFITS."
-----
Comment:
Said in my earlier post that they are going to BIKITA .

Found out that ACADIA [sold to Houyou for US$422m is located 38 KM FROM EAST H A R A R E and near the ARCTURUS gold mine.

Yes, the RRR RNS today, Fri, 6 May 2022 did say that 1 of the Zimbabwe licences was near Arcturus.

---------------------BELL GOT AMERICANS TO INVEST IN HIS ZIMBABWE SUBSIDARY AT 10% OUT OF 75% RRR. No one has heard that the Yankees are coming, only Chinese. So, Yankees are coming - going to be the talk of town that BELL got them. IS MR BELL GOING TO MAKE MASSIVE PROFITS AS IN THE ARTICLE? Over to Mr Bell to tell ?-----------------

News, Fri, 6 May 2022 @5:45pm Thank you Mr Bell. Out of the RRR assets got something free and dont have to buy just a pure Zimbabwe lithium play to get in.

RRR has formed a sub called AFRICAN LITHIUM RESOURCES Rvt Ltd.
2 LICENCES;
[] 46ha near ACCTURUS
[] 25ha net, East of BIKITA

HIGH NET WORTH AMERICAN INVESTORS TOOK 10% OF SUBSIDIARY FOR US$100,000.

Andrew Bell: "Zimbabwe biggest lithium producer in Africa."
He also said 2 co's have gone into Zimbabwe, one Canadian listed and the other on AIM.
--
Comment:
Mr Bell mentioned before that the 2 licences are NEAR BIKITA MINE, Zimbabwe and the other NEAR A C A D I A sold to HUAYOU for US$422 million recently.
Results are due from these 2 licences - Bell said that only when the licences are granted, the assay results will be issued to the market.

I have to check again but my understanding is that the American investors took 10% of RRR's Zimbabwe subsidiary, African Lithium Resource Rvt Ltd.

Nice and a poster on the other RRR FORUM SAID HOW DID BELL GET
THE LICENCE NEAR A C A D I A . The AIM co that has just gone into Zimbabwe is Colin Bird's co and he got a licence near BIKITA mine only.

Hoping to hear from Mr Bell shortly in an interview hopefully.

News, Fri, 6 May 2022
RNS came out at 1:33pm and I have just seen it as was out.

https://stockhead.com.au/news/market-highlights-and-5-asx-small-caps-to-watch-on-friday-56/
https://stockhead.com.au/new/market-highlights-and-5-asx-small-caps-to-watch-on-friday-56/
"THOR MINING FEATURED IN THE STOCKHEAD.COM.AU 5 ASX SMALL CAPS TO WATCH ON FRI." -10 hrs ago, Fri, 6 May 2022.
Mentions the NICKEL SUPHIDE gossan survey in Western Australia.

The Ragged Range Gossan, Western Australia - RNS , Fri, 6 May 2022 mentioned NICKEL SULPHIDE which is the one rather than nickel lat. Expl Mgr said 2km survey.

Ragged Range, W.A -LTIHIUM
10km survey.
In the Supersuite of the MAJORS - WODGINA AND PILBARA MINS [PILGANGOORA] which are bbillion$ co on the ASX.

Elsewhere, majors are looking for nickel sulph and lithium for battery metals -hot commodities.

WA - local media talking about LITHIUM EVERY DAY. See my post on this forum.
WA is LTIHIUM VALLEY.

Fri, 6 May 2022.

Nicole Warland, MD of Thor Mining told Philip who asked on Twitter:
Interview with Samso soon out.

==NICKEL GOSSAN=RAGGED RANGE, WESTERN AUSTRALIA.==[Short vid]
=10KM HALO SURVEY [lithium]===

Fri, 6 May 2022.

No quote to buy even 1,000 shares @8:33, Fri, 6 May 2022.

Drill or Drop: " UKOG said today it is looking at the viability of RE-STARTING PRODUCTION from the K I M M E R I D G E and drilling MORE WELLS IN THE P O R T L A N D formation." [Horse Hill, UKOG plc] RNS, Thur 5 May 2022.

UKOG tweet:
"Horse Hill Permit: EA go ahead enable PRODUCTION and water reinjection ops including waste ggas, main/workover & DRILLING OF F U R T H E R DEVELOPMENT W E L L S."
https://twitter.com/UKOGlistedonAIM/status/1522102755820777473 5 May 2022 RNS.

George F, Executive Chairman of ALBA [JV partner of 11%] knows very much more about Horse Hill when he said : "UNTAPPED VALUE AT HORSE HILL" and ref to K I M M E R I D G E & Portland at Horse Hill. Some time back, George hired a RESERVOIR CONSULTANT for Horse Hill who did the report for Alba on Horse Hill.

Waiting for next steps given George said review being done on the viability of re-instating KIMMERIDGE productivity and Portland infill locations underway.

Thur, 5 May 2022.
[Can UKOG/Alba unlock 10bn barrels of oil?] Answers on a postcard - time will tell.

ALBA JV partner of Horse Hill RNS, Thur, 5 May 2022:
"Following the Planning permission grant a review of the viability of RE-INSTATING
K I M M E R I D G E productivity and further new P O R T L A N D infill locationS are now UNDERWAY."

"This is welcome news - we look forward to the operator's plan for ENHANCING productivity & delivering inherent to date U N T A P P E D V A L UE at Horse Hill."-George Frangeskides, Executive Chairman, Alba Minerals [11% JV partner to UKOG].

From "OFF TO THE RACES AT HORSE HILL...." by Proactive Investors, 5 May 2022, the article mentioned HORSE HILL - "10 BILLION BARRELS OF OIL "MEAN."

From recall of the past, this was done by the big oil consultancies?

5 May 2022 , Thur,

One can see above this page that Alistair Clayton bought 1 million+ shares of ARV
today. In London, ARV fell nearly 27% vs 5-7% fall on the ASX, Oz.
Today, ARV ROSE 9%+!!

Alastair Clayton is a PhD in Geo and he was the CEO of PRIM that owned a lot of shares in his investment co [listed] of Greatland Gold at the time of their Havieron drilling [next to ARV's Paterson].
Thur, 5 May 2022.

Link: https://hotcopper.com.au/asx/vec/
Vector Resources, ASX to check.

From Hotcopper Vector Resources, there is a post thread entitled: "The fat lady has sung."
Click open this thread and one poster screen shot the LIQUIDATOR's letter dated
25 Mar 2022, that Vector Resources has been or will be liquidated.
From reading some of the posts , it appears that the TITLE was in ?
pertaining to Vector's DRC project.
RRR said they were helping the liquidator in Australia.

RRR INTERIM, 29.4.22
It showed exploration assets of £13m+ vs £4.2m MKT CAP.
Obviously, EDISON BROKER PUTS A POTENTIAL VALUE OF:

====US $ 3 0 4 MILLION for RRR Kenya MIGORI gold====

====US $1.165 BILLION FOR MOUNT IDA, MAGNETITE IRON ORE, W.AUSTRALIA=====
[if exploration target is 1.1 bn to 1.3bn tonnes at US$ 3 .5 per tonne PER INDUSTRY AVERAGE.]
[Current Mt Ida resource heading for Feasibility Study to be completed is 1.85 bn tonnes. so HUGE INCREASE].

====RRR MUSONOI , DRC ===US$5M+US$15M [50.1% to RRR] won at 2 Congo courts.
Andrew Bell's interview on 29.4.22 [Interims] said he is going to Congo to get the settlement money OR EQUAL LICENCE/SPLIT properties. Also, A. Bell said "FIT FOR US$2 5 0 MILLION LITIGATION OUTSIDE CONGO."
RRR's Consultant Geo put in-situ value in the ground at US $ 1 2 5 billion . [Source: RRR website on Musonoi].

=================RRR ABOVE -TALKING BIG MILLIONS/BILLIONS=============
Edison and Align did the broker reports on RRR's Mt Ida Royalty and stake in Mt Ida.
Now , RRR owns 1.4 million shares in Juno who holds 100% of Mt Ida and Mt Mason, the latter to be developed as it is at investment final decision [Juno interims, Mar 2022].
Juno's said interims also stated that MT IDA IS TECHNICALLY THE MOST ADVANCED IN YILGARN and the BIGGEST + FEASIBILITY STUDY TO BE COMPLETED WITH DEVELOPMENT OF MINE etc [check verbatim from Juno].

News, 5 May 2022 [Thur]
All this for £4.2 MILLION MKT CAP FOR RRR @0.41 p to sell and more to buy.
[clearly the £13m+ ASSETS[EXPLORATION] in the interims of 29.4.22 may be
? compared to the huge millions as stated by Edison and Align Research.

LoL- even GREENLAND is still live? It was noted in the interims of RRR at 29.4.22
under exploration expenses.

Edison: " Edison Investment Research believe RRR could be worth 20p/share."-Proactive Investors.
Note written by Charles Gibson, Inv Analyst.

"MT IDA
1.1 -1.3 bn tonnes. Estimates a 33 0 million tonnes IN SITU iron ore resource
GIVEN INDUSTRY AVERAGE VALUE OF US$ 3 . 5 PER TONNE, GIBSON SUGGEST A POTENTIAL VALUE OF US $ 1. 1 6 5 BILLION if the exploration target is realised."

Comment:
Juno Minerals Interims, Mar 2022: Mt Ida 's resource 1.85bn/t.
So, it has increased from the 1.1.13 bn tonnes.
Juno said that they are completing the Feasibility Study for Mt Ida's 1.85 bn tonnes of iron ore magnetite in Western Australia.

SO, HUGE INCREASE IN the Mt Ida resource.

RRR COTE D'IVORY
Edison said 3 exploraton licences applied for gold near BETTIE TOWN along TREND from NEWMONTS 17 MILLION OUNCES OF GOLD mine in Ghana.

So, all the reports from Align and Edison does concur relating to MT IDA now in Juno Minerals which RRR has 1.4m shares of and 1/2 of 1.5% Mt Ida royalties.

News, Thur 5 May 2022.
Tested towards the end of the market closing and MM would take everything.

Title: "Edison Investment Research believe Red Rock Resources could be worth 20/share."

"Migoni resource is worth US$304 Million." -Kenya.
Comment:
This was the gold project that was recently taken back by RRR from the Kenyan govt.

In the other note from Edison below: "FOUR FOR FIVE", it said that the sale of MELVILLE BUGT [RRR 60%] was DEFERRED.

Edison broker report, 24.6.14: " 515 of Melville Bugt iron ore sold to INTERNATIONAL MEDIA FOR US$17.5 MILLION." [Title of note: Four sold for Five."]

FROM PITCHBOOK:
"Melville Bugt iron ore"
"Acquired/merged.
"Financing: Corporate backer.
Acquirer: International Media..."
https://pitchbook.com/profiles/company/11282-85#overview

RRR INTERIMS - RNS 29.4.22
Everyone noticed that in the latest accounts, GREENLAND still appears. I recall that in this set of a/c's some £69,000 was shown as expense?
So, STILL ON THE BOOKS OF RRR.

ALBA
I noticed they also have a iron ore project in Melville Bay, Greenland.
Many billionaires like Gates, Bezos, Bloomberg have entered Greenland for minerals etc as a consortium.

ANYONE
Can anyone update as to what is happening to the US$17.5Million?
Thanks.

News, Thur, 5.5.22

Title: " Red Rock Resources Development go unnoticed by shareholders."-Align Research, 8.2.18
by Dr Michael Green:
"BIG IMPLICATIONS FOR THE STOCK AND VALUE OF ITS INTEREST."

--------"MT IDA ROYALTY SOLD TO ANGLO PACIFIC FOR US$14M IN 2012:----
US$8 MILLION IS O U T S T A N D I NG.
Annual royalty is US$11 MILLION."

"Inferred resource 1.8bt @29.48% Fe [Cut-off 15% Fe]
F E A S I B I L I T Y initiated in 2011 - when iron ore prices were US$ 1 4 0 per tonne.
Back then, these sort of prices were needed to justify investment in a new project even using existing infrastructure."

"====C U R R E N T IRON ORE PRICES====ANNUAL RE V E N U E US $ 730 MILLION A YEAR.====."

Comment:
[1] MT IDA iron ore ,W.Australia royalty due to RRR is US$11 MILLION PER YR.
[2] US $8M IS OUTSTANDING FROM ANGLO PACIFIC RE: SALE OF 1/2 OF ROYAL IN MT IDA.
[3] Iron ore prices quoted by Dr Michael Green on 8.2.18 - dont know what the price is to produce US$ 7 3 0 MILLION REVENUE A YR as he didnt say.
[4] Mt Ida feasibility initiated in 2011, shows US$140 per tonne.
From the billionaires [locals like Gina Rinehart worth $30bn and Creasy worth $1bn], which was a recent article, the IRON ORE PRICE IS US$ 1 5 0 PER TONNE.
[5] I posted from Juno's latest results dated Mar 2022 and the MD talked of Mt Ida and completing the Feasibility with a view to DEVELOPING the project.
[6] More news today about iron ore in Australia [Western Australia] relating to Australia increasing PRODUCTION etc.

{} Mt Ida MAGNETITE IRON ORE now sits in Juno where they have Mt Mason HEMATITE [Gina has just got into the next door at Mt Bevan], W. Australia. Both are owned 100% by Juno on ASX. RRR has 1.4m shares in Juno.

[] I will try to find out how much iron ore prices were in Feb 2018 when Dr Green wrote up his article-one has to multiply by the tonnages they intend to produce each yr.

However, as said MT IDA 1.85 bn X US$150 per tonne is a whopper.
If say at US$1 - Mt Ida = US$ 1.85bn.
==If say at US$10 - Mt Ida = US $18.5 BILLION==In the article about local billionaires in W.Australia [see my post below yesterday or so] it was said that if RIO were to OFFER for the co over the boundary with 8.5Mt iron ore at $10 = $ 85 Million. I think it is A$.
So, even A$18.5 BILLION FOR MT IDA AT 1.8BT MAGNETITE IRON ORE @A$10 PER TONNE IN THE EXAMPLE IS A WHOPPER? DR MICHAEL GREEN STATES AS MUCH THAT IT IS "GOING UNNOTICED BY SHAREHOLDERS. INDEED, THE JUNO MAR 2022 RESULTS STATE THAT
THEY INTEND TO COMPLETE THE FE AND DEVELOP MT IDA. Mt Mason is already at Final Decision time = ready to commence after $?

News, Thur, 5 May 2022. DYOR.

---------------------------TWITTER ---------------------#ukog thread-------------
Equipment arriving-pics of Horse Hill, Thur, 5 May 2022?
Have a look.

Insiderknowledge -poster.
In the meantime, while we wait for Mr Bell relating to Congo and what he's trying to tell us about COTE D'IVOIRE [same interview posted twice ie yesterday and today saying after a recent visit to Cote and one can hear his voice], the MARKET LIQUIDITY has opened up.

I dummy tested and I can sell above normal mkt size. To see the nms , look at the page above this page. I think it is 150,000.

Market will take a factor of X times currently and the price is still the same LIVE quote.

Thur, 5 May 2022.