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because I had to catch the price of RRR at 0.35p+. I tend to scale in so thankfully, I got my first lot BEFORE A.BELL'S INTERVIEW OF FRI, 29.4.22 ie wherein he gave very direct answers and UPDATES especially on the sum of the potential claim of US$250m. I ONLY HAVE A MODEST SUM INVESTED IN RRR. No, I dont want big risk. It will take a bit of time as A.B said in his interview as to the litigation etc.

A.B INTERVIEW, 29.4.22
---------------"OFFER FOR OUR ASSETS."-----------
Intriguing. Have to wait what happens NEXT OR NOT or whether the offer is firm which means it has to be RNS'ed. What assets [plural]? I dont know nor have any idea as to which group of assets?

RESEARCH NOT FINISHED YET
So, I have not yet made up my mind about possible other Tier 1 in RRR's portfolio.
However, bear in mind that these projects of RRR's are usually JV's so not 100% owned.
RRR is NOT a junior pure exploration play so at some point, they have to FARM OUT or SELL etc. Herein, the outcome is REASONABLE in terms of $$$.

Big Tier 1's require HUGE CAPEX, hence why RRR cant take it on, solely on their own even if they do find something worthwhile.

Hope I have answered everything. In the end, one could have the best CEO but NO TIER 1 OR BIG ASSET IS STILL of no use. Look at what PJ said in his interview yesterday. PJ' s co is POW [RRR has shares in POW of 25m out of the original 45m] - it was called African Battery Minerals and it had to seek clarification with the Stock Exchange = bankrupt. So, PJ took the co over with cash injection of £1m [think it was a raise but not sure as I was not in at the time]. PJ said that African Battery Minerals had NO INVESTOR INTEREST. Before then, I think it was called Sula. Sula was in mineral sands. I recall someone posted this on the forum I was at and I had a look and said nah, its not Tier 1.

Tier 1 are now hard to find per the stats so I have had to LOWER MY AIMS to near Tier 1.
However, the capex can also be a moot point so I dont stay in when the big capex needs to be raised as it takes too long to wait given I am not 18.

So, a long thesis but I hope I have given folks some idea of what one has to look for.
Its like buying a derelict house in Notting Hill, London and doing it up or like someone recently posted that Andrew Bell bought some pieces of land in Oz and it turned out £11m and £19 in royalties referring to JUPITER MINES. I think that ~Jupiter Mines was also not only the pieces of Oz land but A.B got the ex-CEO of BHP to inject his manganese project into Jupiter which is world class. As AB said in an interview, Jupiter paid out its profits in dividends and was a "PRINTING MACHINE". So, they did not invest in Mt Ida at the time.

CAN A.B STRIKE THE 3RD TIME AFTER J U P I T E R [1P to 20p per First Equity] or
M U S O N O I [2nd time]????

Ah, that is for you to determine after reading the info/research thus far. I have to think further on it and given I am only more used to

Can a FT100 co on the London Stock Exchange hold on to an asset unless they have CLEAR UNDISPUTED TITLE?

So, herein, its a positive that RRR's 50.1% asset at Musonoi at with a INTERNATIONAL LISTED CO [$12.8bn mkt cap in local money]. I dont know where the case will be heard outside the Congo. Greek Hovel on the other forum years ago said it goes BONO ie big sums involved. Probably, it may be financed by specialist firms - just got to wait to see.

LITIGATION
Takes time and not 100% guaranteed as norm. So, this MUSONI asset is definately a TIER 1 or soft Tier 1.
So, I have found what I was looking for.
So, if there is a litigation win against this international co, even 1/2 of US$250 million is meaningful. US$250 - 1/2 =US$125m [FX 1.26] =£ 9 9 . 2 Million. Maybe, NET may be less for the lawyers cut of the win V E R S U S £ 4 . 2 MILLION RRR MKT CAP.

Say, take £70M = 16.6 TIMES [£70m divided by £4.2m].

--------------------HAWAIIFIVEO- YOUR ANSWER: 16.6 TIMES.---------------
Your question: Can it be like XTR from 1p to 9p = 9 TIMES.
CAVEATS APPLY given it is litigation as norm. But yes, A.BELL SAID HE GOT MUSONOI WHEN NO ONE WAS INTERESTED IN DRC [listened to his interview with Proactive at the time of the original JV and he mentioned £30-£70 Million [remember prices of copper/cobalt different then]. So, yes, MUSONOI COULD HAVE CHANGED RRR'S FORTUNES.

---I AM UNCLEAR WHETHER THE CLAIM OF US$250M IS RRR'S OR ONLY 50.1% SHARE?------
OTHERS WILL HAVE TO ASK A.B. Usually, claims are settled at 1/2 like ENRC but not guaranteed its always 1/2 but practice only appears so.

---FIRST EQUITY BROKER NOTE ON RRR -SEP 2021---
They said that RRR WENT FROM 1P TO 20P on the Jupiter Mines event.
Jupiter Mines mkt cap is currently A$470m although the high was double. So, any co that can have a A$1bn approx mkt cap in its history has to have a BIG ASSET in it ie usually Tier 1.

PAUL JOHNSON
He was in RRR at the time but he bought at 2p and sold at 17p.
A poster on the other RRR forum said that PJ made his fortune at RRR wherein it is thought he made £750k to £1m "when was buying heavily in 2010." This poster gave a link to PJ's posts at the time. PJ mentioned before in an interview that he started with very little money ie £7,500 from recall. However, PJ's inteview with Stockbox Media yesterday about commodity cycle said he had very little capital when he started. So, yeah, a big project can be game changing if everything turns out right. So, RRR DID HIT TIER 1'S IN THE PAST at JUPITER MINES AND MUSONOI, DRC [50/1% JV]. Today, DRC is in a different place wherein more majors are looking at this country as the grades in Kolwezi are good.

ANY OTHER TIER 1'S IN RRR PORTFOLIO?
TO FIND OUT, GO TO LONDON SOUTH EAST RRR.PLC. Yesterday, I posted some base notes so that I can also check further when I have time. I typed them from the notes I have at the moment. I am taking a rest. I had to RUSH to do the research in 2

"O F F E R F O R OUR A S S E T S."- Andrew Bell, CEO, Fri, 29 Apr 2022 Interview to Katie Pilbeam , Proactive Investors in reply to her Q about funds going forward.

???? OFFER FOR OUR ASSETS [PLURAL]???
Mr Bell did NOT elucidate what A S S E T S [plural]. Of course,he is not allowed to elucidate in an interview as that has to come via RNS. So, has he been offered? Is he accepting as it looks as if by mentioning it, he may be amenable? Dont know as one has to wait until more light via RNS.

Mr Bell was very forthcoming in this said interview and very direct. All these moves he mentioned means RRR is being tidied up ie restructuring taking place ie sale, money back from Congo relating to the 2 cases won in the Congo Courts of $20m [$5m+$10m -RRR has 50.1%?]. NOT CLEAR HOW A.B COULD GET EQUAL LICENCES OR SPLIT PROPERTIES AS HE SAID when he goes to the Congo to meet govt officials presumably. If he can it would be marvellous.

TIER 1'S I AM LOOKING FOR IN RRR PORTFOLIO
So, definately, MUSONOI, DRC [copper and cobalt] is a TIER 1. Why? On the RRR website on https://www.rrrplc.com/projects-and-investment/copper-cobalt/vup-copper-cobalt-jv/ , it stated that RRR's Consultant Geo's stated that MUSONOI, DRC [50.1% JV] "IN-SITU VALUE IN THE GROUND IS US$1 2 5 BILLION."

A.B said that litigation OUTSIDE THE CONGO [Fri, 29.4.22 interview] is "FIT FOR US$250 MILLION." [$250m vs $125 Billion value in the ground]. Isnt US$125 Bn value in the ground Tier 1 territory or soft Tier 1 at worst? Few co's have value in the ground of $125 Billion.

Hence, I posted more on Musonoi and the fact that it is IN KOLWEZI district where KAMOA-KAKULA [Robert Friedland fame @Ivanhoe] sits on the way to Kolwezi airport. RRR's JV Musonoi per the link I gave sits near all big/bigger deposits. Any wonder why an INTERNATION CO with a mkt cap of $12.8 bn now has the deposit?

This co has already BEGUN CONSTRUCTION IN 2020 [see my posts on this forum] and late last year, they applied for a US$350m loan to start ops.

What are the chances of success given this litigation will NOT be against the state co /govt but rather a LARGE LISTED CO? The only precedent I can find at the moment is ENRC and almost the same thing happened. Within less than 2 years, First Quantum took international arbitration in Washington and Paris + private litigation against ENRC and in the end they settled for US$1.25 million although the claim was for almost DOUBLE. However, First Quantum got their DRC licences/mine taken due to some "code violations" and then sold on by a businessman to ENRC, a FT 100 listed co then. Maybe, it had to go to international arbitration because it also involved the element of code violations which First Quantum denied they did. First Quantum LOST their court case in Congo [RRR WON 2 CASES IN CONGO and has NO VIOLATIONS as far as the info goes]. So, for RRR, maybe, its only private litigation.

First Quantum also wrote to the FCA about ENRC a

HOW MUCH ARE ALL THESE ASSETS/LICENCES WORTH AT RRR?
One has to look at the last Annual Report of 31 Dec 2021 and the INTERIMS just released on Fri, 29 Apr 2022.

So, looking at BOOK VALUE OF THE EXPLORATION ASSETS ETC. I recall that the MUSONOI, DRC [Congo] 50.1% JV is on the books for £590,000 per A.Bell in one interview from recall?
I have not read the last 10 Annual Reports and more to find out how this came about ie appears to have an IMPAIRMENT write down already, so any win is nice. The A.B interview with Proactive Investors on 29.4.22 refers per your link [Iron in the fire title].

WHAT DO I LOOK FOR?
I am ONLY INTERESTED IN TIER 1's or if that cant be achieved given it is not easy to find Tier 1's these days, then a marginal Tier 2 or what Lawerence Read calls a SOFT TIER 1. RRR mentions that near MIGORI, KENYA SITS BARRICK MINES GOLD DEPOSIT/MINE, A TIER 1 [10moz]. Migori has a JORC of 723,000 moz gold. Sometimes, there is a possibility that with further drilling there could be more. I found out that the exploration target is "1-2 moz gold" but the POTENTIAL IS "3-4 MOZ" [Ref: Mining Maven, 22 Sep 2021]. Personally, I am not interested in this project as it is NOT potential 10moz and beyond. Majors per Gervaise Heddle are interested in projects with potential of 10-20 moz gold. However, if gold were to rise very sharply, then maybe, a mid-tier could be interested. Nor surprising that A.Bell said in his interview that EITHER they drill as they have taken it so far ie JORC or JV. So, Bell is looking for a JV, which I agree in that let someone else take the drilling on.

-I GO THROUGH PROJECT BY PROJECT TO FIND A POSSIBLE TIER 1 IN RRR'S PORTFOLIO-
The Annual Report, 31.12.21 and Interims just out of 29.4.22 is helpful to see how much
are the ASSETS/EXPLORATION WORTH IN THE BOOKS minus the debt =NET ASSETS.

RRR sp - 0.35p = MARKET CAP £4.2M.

From a quick look at the above figures, it does NOT give a BREAKDOWN but suffice to say that from the said accounts, net assets are more than £4.2m.

RE-STRUCTURING
On another RRR forum, I felt that RRR had to RE-STRUCTURE. So, A.Bell was clear in his
latest said interview on Fri, 29.4.22 that all the major assets or near major are progressing to
a defintive ie DOING SOMETHING ABOUT THEM AND THEIR STATUS - EXTRACT VALUE.

KATIE PILBEAM -PROACTIVE INVESTORS, 29.4.22
She asked Mr Bell, so how are you going to fund all this? A.B 's reply:
"FUNDING:
[1] MONEY BACK FROM THE CONGO. He is flying out as your notes kindly elucidates relating to this and outside litigation.

[2] Always something we could sell. It seems that big shareholders dont want the normal raise method which is sensible given the low mkt cap. A.B is also aware of this given he said during the Congo JV time [Musonoi] that £30-£70m would mean that there is more leeway rather than at low mkt caps [interview going back to the original time of JV at Musonoi, DRC].
[3] "O F F E R F O R O U R A S

HawaiifiveO
A very good memory - time correct, price etc.

ANSWER:
Do I see a similar rise here on RRR as on the stock you mentioned ie from 1-9p?
One has to look at MKT CAP which is important. At the time, that stoc;k was on its lowest sp.
Therefore, the MKT CAP was in shell territory which for me is <£8m in general. The co had to do a raise to drill Bushrangers in Oz, a NEW PROJECT. The info/RESEARCH posted gave an idea whether the DEEPER drill would succeed or not given it was near Newcrest's Cadia-Ridgeway, one of the largest gold mines in Australia.

Nearology alone is NOT sufficient as all anomalies have to be DRILLED before one can prove it is mineralised etc. From research, I found out what the previous owners said ie Straits, Tooday, Anglo-American. So why did not want to drill deeper? Its about money given it cost time and money to drill and these co's have lots of projects on the go. AA retained an option on the prospect so that was interesting and the fact that it had a modest JORC already. So, drilling deeper given the Cadia-Ridgeway goes down deeper - Bushranger is of the same age and the fluid obviously flowed down [JORC proved that there was mineralisation up to 300m] , the chance of success was left up to the reader. EVERYONE HAD A CHANCE TO GET IN THE SAME TIME AS MYSELF AT 1P. No one was interested as you said so the TIME LAG meant there was a WINDOW open at 1p [up and down by fractions but around this price]. Legacy holders did not bother as they were on about the other African projects. So, depending on how much info one has via research, it gives one a chance to think whether the chances are 50-50. Anyone buying has to make up THEIR OWN MINDS what the chances were. If folks bought a modest amount, then it does not matter if they can spare £50-£100 [invest only what one can afford to lose is the rule].

DO I SEE A SIMILAR RISE HERE AT RRR?
RRR is a very different co to other junior miners in that it mimics an investment vehicle.
It has mark-to-market shares to sell eg POW shares, coming IPO's over time if they get listed, royalty from Mt Ida [I checked the Annual Report of 31 Dec 2021] as and when, royalty from El Limon, application for NEW LICENCES in Bukina Faso and Cote d'Ivore possibly for gold, 2 projects in DRC [Congo] of which RRR has further drilled 1. Then, there is ZIMBABWE LITHIUM licences of which is near BIKITA MINE and the other NEAR ACADIA [sold to the Chinese for US$422m recently]. Mr Bird of XTR has also gone into Zimbabwe to get licences near Bikita mine with a partner. However, no one has managed from what I know to get licences near ACADIA. So, A.B said he is looking for partners and he will release results of sampling etc when the licences come through. He said it is being processed manually so it takes time.
RRR also have shares in JUNO, ASX listed.
Then, there is the 2 cases in CONGO already won with futher litigation OUTSIDE the CONGO against possibly the INTERNATIONAL CO f

[6] RRR OTHER PROJECTS and INVESTEE CO'S:

[] POW SHARES [originally 45m] now 25 Million.
[] Bukino Faso & [] Cote d*Ivoire, West Africa
[] El Limon - Royalty.
[] Mt Ida - think there is still royalty left after selling 1/2 of 1.5%? Not sure as have to check.
The 29.4.22 interims dont give a breakdown so got to make sure later.
[] Vector Mines - dont know much about this but it was on a thread header on ADVFN RRR.
I have to check when I have time on this.

[] ZIMBABWE LITHIUM
2 licences have been applied for NEAR ACADIA [sold to Chinese for US$422m] and near BIKITA mine, Zimbabwe.
Awaiting licences given they still process applications via paper processing.
Samples and results due but A.B said he is waiting for the licences to be granted before releasing results. A.B said he is looking for JV partners.
Spodumene has hit US$6,000/t for SC6, cif China for the 1st time.
Lithium exploration [spodumene] is hot at the moment in Zimbabwe as AB said the Chinese are looking to monopolize given the M & A acquisitions in the last 4 months.

FUNDING
A. Bell said in the interview with Proactive on Fri, 29.4.22 when asked by the interviewer, he said "ALWAYS SOMETHING WE CAN SELL."

A.B:
----"MONEY BACK FROM CONGO." [Ref to the litigation success in 2 cases in Congo as said below.

----"OFFER FOR OUR ASSETS- LIQUIDITY EVENT." [My comment: Quite stunning a statement from A.B. He did NOT elucidate but he cant without an RNS anyway. WHO IS OFFER FOR RRR'S ASSETS [ P L U R A L ]? Liquidity event usually means payout from a sale whether by cash or combination of stock etc. I CAN TAKE A GUESS WHO IT IS BUT MAYBE ITS WRONG SO BETTER NOT MENTION BUT WAIT FOR NEWS FROM A.BELL, CEO, RRR.

---"LITIGATION." [think A.B is refering to the US$250 million litigation outside Congo against this international co that now has MUSONOI.

NEWS, SAT 30 APR 2022.
DYOR
Please check as there can be errors.

[5] ------------------------RRR 51% OF MUSONOI, KOLWEZI, DRC ----------------------
Copper and cobalt JV.
Per RRR website currently at https://www.rrrplc.com/projects-and-investment/copper-cobalt/vup-copper-jv/

RRR said that their Consultant Geologist stated that the "SITU IN VALUE IN THE GROUND IS US$ 125 BILLION - from 83 drill hole assays, 750 pages of reports + historical data.

CONGO, DRC COURTS
RRR has already won 2 court cases in the Congo, DRC for $5m + $15m [51% to RRR?].

ANDREW BELL INTERVIEW, PROACTIVE INVESTORS, FRI, 29.4.22
[Post Interims]

Andrew Bell said he is flying out to the CONGO as the state co needs to know who to pay to relating to the above $5m +$15m. A.Bell also said he would ASK FOR EQUAL LICENCES OR SPLIT PROPERTIES.

LITIGATION OUTSIDE CONGO
A.B, CEO of RRR told Proactive in this said interview that the litigation is "FIT FOR US$250 MILLION" for loss of 51% of MUSONOI copper and cobalt project. A.B also said that this involves an INTERNATIONAL CO.

Musonoi is in the KOLWEZI mining hub where the FAMOUS TIER 1, KAMOA-KAKULA MINE IS SITUATED on the way to the Kolwezi airport.

------------------THIS IS A HUGE ASSET-----
A.B said in the initial interview when they first JV'ed , he mentioned £30-£70 Million.
So, had this asset remained, RRR would appear to be in a different situation relating to sp and mkt cap.

This international co from research has a MKT CAP OF $12.8 BILLION in local money and LISTED.

The compensation claim potentially for US$250 Million [not sure if it is $250 Million or 51% of $250 Million] illustrates that it is a sizeable and huge project if grossed up to 100%.

Musonoi [RRR shows their licences within 7 other major projects.
Copper is typically 3-5% and cobalt 0.5 to 1%.

-------------Had this not been taken under RRR without their knowledge, then
this may have represented Jupiter Mark II in that its a big and huge project [JV].

One hopes that when A.B goes to the Congo, there will be more news to come.

Sat, 30 Apr 2022.
SP -RRR 0.35p
MKT CAP £4.2M

INTERIMS- From recall, £13/£17 Million in assets. Look at net assets as well and other details.
Look at the RNS tab above to check as I did not have much time and just took a quick look but did not take notes.

I recall A.B said that Musonoi is on the books at £580k region? Please check.

[4] ELEPHANT OIL , IPO [RRR investee co]
Ref: "Elephant Oil files for $20 Million IPO to fund exploration in Benin, Namibia."-Seeking Alpha, 28 Mar 2022.

"Texas based co. Co plans to list on NASDAQ UNDER SYMBOL ELEP."

ANDREW BELL, CEO, RRR
Interview with Proactive Investor, Fri, 29.4.22 after the RRR Interims RNS on the same day.
Elephant Oil IPO:
" 1 shareholder to be removed.
High calibre board."

HEID OIL - POSTER ON LONDON SOUTH EAST TWEETED:
Elephant Oil - Proactive Investors Interview with Andrew Bell on the Elephant Oil IPO.
Link: https://twiter.com/Heid_oil/status/1511804365681659925 dated 25 Mar 2022.

Within this thread, a poster called Grey Panter gave me details as he has bought into Elephant Oil and said the IPO will be at US$4.50.
Sounds reasonable as Nasdaq IPO has a minmum mkt cap requirement + sp from $4 I believe from recall.

BENIN, NAMIBIA.
Onshore Namibia, there is oil exploration going on in the KAVANGO BASIN by a US listed co.
Off-shore Namibia, there have been 2 BIG OIL STRIKES, one by Shell and the other by Total [Venus etc]. So, there is interest in Namibia exploration but I dont know much about Benin as the document have not yet come out for the IPO.

One to watch.

Sat, 30 Ap 2022.

JUNO MINERALS, ASX
RRR INVESTEE CO.
-RRR has 1.4 Million JUNO shares. RRR got 800,000 distribution from Jupiter Mines, ASX spin out and bought more at that time.

Andrew Bell 's interview with Stockbox Media on 20 May 2021 said that Jupiter concentrated on manganese exported to China. Jupiter did not kept money to invest in Mt Ida, iron ore, Australia [WA] but rather paid out profit via dividends etc. JUPITER MONEY PRINTING MACHINE.

JUNO has two projects, MT IDA & MT MASON iron ore, WA, Australia.
Chinese have built up a 5% stake in Juno. Juno listed at a A$20m mkt cap.
1st day of trading it fell a bit due to the sales from the FREE distribution. 60% of the shares traded on day 1. Later, the sp went up.

--COMPARATOR MKT CAP WOULD BE A$150 MILLION--
NEXT YEAR, MAGNETITE PRODUCTION. - Dividend.
SAME TEAM AS JUPITER [bring projects in on time etc]
-------*** LONG TERM A 2 - 3 BILLION TONNE potential. ***--------
BENEFICATION."
Link: https://twitter.com/StockBoxMedia/status/1395280160337793025

My Comment:
Jupiter Mines was a great success and even today, it has a mkt cap of A$470 million and at one time almost double this cap. On ADVFN RRR, one poster said a long time ago that Andrew Bell bought a few pieces of land in Oz and it turned out £11m + £19m in dividends.
A/c to First Equity broker report in Sep 2021 [latest available] they said that the RRR shares went from 1p to 20p. It was at the time of the RRR -Jupiter event.

--GINA RINEHART: "BULK BUYS: GINA GETS INTO MAGNETITE WITH IRON ORE DEAL."--
Stockhead.com.au, 17 Nov 2021.

Gina has taken an initial A$9m stake in MOUNT BEVAN, WA [Legacy & Hawthorn on ASX].
She can take this up to 51%.
"HAN**** IS MAKING A BIG MOVE INTO IRON ORE, INKING AN INITIAL $9M DEAL TO FARM INTO MT BEVAN."-Stockhead.com.au as above.

JUNO IS NEAR MT BEVAN.
Mt Bevan - 2 spots [one near Juno] and the other 250km NW of Kalgoorie
Mt Bevan, Indicated and Inferred 1.17 Billion tonnes @34.9% FE. [Magnetite].
Stockhead explained that for magnetite, there needs to process it into a concentrate, hence more expensive than hematite to build.

------------MOUNT IDA, W. AUSTRALIA -FORMERLY JUPITER,NOW JUNO?------
REF: "Jupiter takes another look at Mt Ida."-The West, 7 Jan 2013."
-------"50% upgrade to 1 . 8 5 BILLION TONNES @ 29.48% FE." [magnetite iron ore].

So, a huge project Mt Ida vs Mt Beven [GINA RINEHARD]
Sat 30 Apr 2022.

BALLARAT GOLD PROJECT, VICTORIA, OZ - JV WITH POWER METALS IPO
Andrew Bell, CEO of RRR said on Fri, 29 Apr 2022 interview with Proactive Investors [irons in the fire] that gold IPO market in Australia "not strong."

O* LAUGHLINS, LICENCE EL007271, Ballarat, Victoria.
"Andrew Bell, CEO, RRR: We think that we have a CHANNEL of 2 DISTINCT LINES OF MINERALISATION with old working along them, PRODUCTION from which is UNRECORDED.
But you can see a lot of money was put in, in the 1860's and we think there is a possibility ANOTHER SIMILAR CHANNEL IN THE MIDDLE & may be SHEARS AND CROSS-CUT FAULTS. Some really enticing and exciting targets.
Ref: Mining Maven article on RRR, 22Sep 2022.
Link: https://twitter.com/theminingmaven/status/1440637401882267659

As and when the gold price becomes more attractive and gold in fashion + Victoria gold in particular, then have to K-I-V.

Sat, 30 Apr 2022.

-----------------------MIGORI GOLD-KENYA-------------
JORC 723,000 oz gold.
A.Bell is looking for partners - Proactive Investors interview, Fri, 29.4.22 [post Interims ---------

----------"MIGORI: MULTI-MILLION POTENTIAL"-----
Mining Maven article Sep 22, 2021.
Parallel to Barrick Gold's North MARA mine, TIER 1 asset, 200k/yr prod^. 10 MILLION OZ GOLD.
RRR MIGORI, KENYA-TARGET 1-2 MOZ BUT POTENTIALLY --------3 to 4 MILLION OZS.--

News, Sat 30 Apr 2022.

"LAING MARK - DRILLING AT NIGHT.
DRILLING 24/7 ZULU PROJECT." - Tweet by PREM, 3 hrs ago, Sat, 30 Apr 2022 [Now 8:50pm]
[Pic shown]
https://twitter.com/Premafrimin

----------------Nice--------Chinese work ethic from Suzhou, the cornerstone partner----
For some reason, Suzhou, 13% owner who is financing PREM's Zulu to DFS is fast-tracking everything, so much so floatation production coming + news update [G.R interview recent days]. Suzhou has a director on the PREM board and is a Geo of extensive experience who GR said would help him re: floatation plant.

Paul Johnson, CEO of Power Metal Resource was on Stockbox Media today talking about
the commodity cycle, his life as an investor and what to look out for and more importantly, PILOT MOUNTAIN, formerly belonging to Thor Mining.
It was sold for cash and shares in POW.
Pilot Mountain is a tungsten project in Nevada, USA. PJ gave a lot of details about tungsten, prices, timing in the cycle and the size of Pilot Mountain. Very enjoyable listen.
My last post gives the link in my profile if anyone is interested.

Sat, 30 Apr 2022.

Link: https://twitter.com/StockBoxMedia/status/1520357413844623361 Sat, 30.4.22
Interview with Paul Johnson which I have just listened to.
From the man himself so that one can hear from his own words.

Highlights:
PAUL JOHNSON: " 2008-2011 personal - 200X"
[200 hundred times]. All junior co's rise, some to stratosphere.
Cyclical MELT up.
Cycles-fade.
Can go from 1p-50p, then 7-8 years later, down to 2p. [My comment: Solg 1p-45p+, Sirius Min 1-40p+, GGP 1.3p -43p+ examples I have seen]

PJ STARTED IN 2008 - NO CAPITAL, A FEW THOUSAND. Invested in fintech, bio but mainly junior mining/mining stocks.
---AFTER PJ MADE THE MONEY, HE WENT INTO ABM ie African Battery Metals.
Co went into clarification = bankrupt due to lack of interest. When commodities are HOT, hard to buy and when NOT hot, can buy at reasonable prices SIMILAR TO LAND GRAB. Co started with £1m. LOOK FOR DISCOVERIES, EARNINGS, JV, SPIN OUT, CRYSTALISE...

HIS METHOD:
SEE WHAT PEOPLE SAY. KNOWLEDGE, EXPERIENCE. Pick ....co etc.
Comment:
I listened as PJ & RRR are JV PARTNERS IN BALLARAT, VICTORIA GOLD, OZ IPO potentially.
Whilst in this interview, PJ does NOT say how much his capital was when he started out, he did reveal in much earlier interviews [1 only]. PJ does not say which co he made his 1st fortue which he described today as "HIS LIFE CHANGED FROM BACK THEN" [Episode 162 Stockbox today, 30.4.22]. Only on ADVFN RRR did one poster tell which was the STOCK and even gave a LINK TO PJ's POSTING HISTORY ON RRR. I read all 45 pages of PJ's posts ONLY ON RRR. LoL , now I know. What I did NOT know was he made 200X his capital during this short period.

It does co-incide with the RRR TIME WHEN IT WENT FROM 1P -20P [PJ BOUGHT 2P AND SOLD AT 17P per the other forum poster who must have been there at the time].

So, RRR did have its day in the sun and as AB said MUSONOI, KOLWEZI district, DRC [interview at the time of the JV], DRC it was £30-£70m and I think he knew the potential then. ROBERT FRIEDLAND MADE HIS 3RD FORTUNE AT KAMOA-KAKULA, DRC [KOLWEZI district].
1st fortune, nickel , then Oyu Tolgoi, copper, Mongolia and then Kamoa-Kakula.

So, for any stock, there can be TIMING and if entered at the wrong time, WRONG CYCLE of a downturn as PJ said, then no.

Enjoy the interview as I did enjoy listening to PJ. Got to run so sorry for errors, typos etc. Please check as there can always be errors when one is rushing.

Sat, 30 Apr 2022.

Error occurred.
PJ said in an interview he had about £7,500 capital only from recall. He used to post on forums just like any ordinary pi. However, he is an accountant and worked as a loss-adjuster for an insurance firm. On Twitter, in recent days, he says its hard when one has limited capital.

So, this shows that from £7,500, he gathered a base capital when he landed on RRR at 2p which had DOUBLED from 1p. PJ said in another interview that he tends to have a max of 9x and that's it. So, he missed out on further rises in the co he restructed at GGP later.

Jupiter Mines on the ASX has a mkt cap of around A$470m @24 Australian cents. From Google Finance , Jupiter s/p was 42c on 20 Sep 2019 which means the mkt cap was A$1bn region +-. A $1bn mkt cap is a unicorn cap so the assets would have to be in Tier 1 range.

ANDREW BELL INTERVIEW WITH PROACTIVE-TIME OF THE JV AT MUSONOI, DRC
Even then, he knew the potential of Musonoi and he said that at a mkt cap of £30-£70m,
rising is not as ....opposed to low market cap.
In recent days, RRR on Twitter tracked their share price and A.B is cognisant that the placings started the slide. In part, the bear market in commodities did not help. Hence, why no one wanted the Musonoi project given it was in the DRC, not a popular location then. Given this is a 51% JV, the mkt cap would be MORE if owned 100%.

So, with RRR Consultant Geo's putting "IN-SITU VALUE IN THE GROUND AT US$250 B I L L I ON " from 83 holes assayed, 750 pages of reports + historical data, it is certainly in the Tier 1 range.

So, RRR DID STRIKE LIGHTNING TWICE ie Jupiter and potentially at MUSONOI. What went wrong then? Well, the assets got SOLD without their knowledge, hence the interview of Fri, 29.4.22 explains.

I was not here during that frenzied time when RRR went from 1p to 20p.
I am sure many made money and PJ made HIS FIRST FORTUNE AT RRR.

So, much so, PJ is now looking for his own Tier 1 range discoveries. Hard to find per statistics so bear that in mind. Solg went from 5p to 80p intra-day high in just one day at the Solomon Island venture. Then the major walked from the JV etc and it fell from the sky and my the grumbles at 1.5p placing. It turned out a happy story there had it not been lightning STRUCK TWICE.

So, I am sure PJ thinks A.B is the bees knees.

I tend to look at stocks that are at their lowest point in mkt cap and see if there are any assets of note potentially and how the co is going forward towards an EXIT STRATEGY with its assets.

Hopefully, the better market conditions in commodities will help RRR but as with everything, its always termed SPECULATION = GAMBLE. Just to make sure no one thinks otherwise.
As the FSA stated, only invest what one can afford to lose for AIM stocks. AIM stocks were meant to be for High Net Worth investors who use AIM in a small way to hedge their portfolios but really not suitable for pi's putting their eggs in on any meaningful way like Sirius Min

First Equity produced a broker note on RRR dated Sep 2021 from recall. They said RRR went from 1p to 20p at the time of the JUPITER MINES event. So that is 20x.

In recent days on the other RRR forum, a poster said that PJ bought into RRR at 2p and sold at 17p, making his FIRST fortune of some £900k-£1m. So that is 8x. Mind you, PJ said in an interview tha

NICOLE GALLOWWAY WARLAND, NEW CEO, THR
I am very happy at the way Nicole is running THR. Why? THR produces an overview of
THR exploration assets.

If I read it correctly, then, the uranium exploration licences are of interest. However, I know very little about uranium and have never invested in pure uranium junior co's.

However, I am cognisant that everyone in Australia ie investors are chasing LITHIUM in the PILBARA, Western Australia.

So, yesterday's short video by Paul Wittwer, Exploration Manager, THR was really helpful.
It was not like the usual past short video just to showcase the projects which is not very insightful.

However, Paul Wittwer's video showed the RAGGED RANGE GOSSAN BEHIND HIM. From some of the earlier info, the NICKEL loop survey was to cover over 1km but yesterday's video mentioned 2KM.

Nickel sulphide is the hot green battery metal and hopefully there is a large anomaly there with good enough grades.

Lithium - have to wait to see what comes up and whether surface pegamatite if identified or not is of scale.

Black Cat's latest post is about lithium in the Pilbara and he posted about Tambourah.
LoL, yes, that is Riversgold's project ------DL!!! Risen 840% and 34%, one day after DL joined as Chairman.

I have not checked yet how far Ragged Range [THR] is from Tambourah, Pilbara, W.A.

Let's see whether Black Cat's two licences sold to QXR and THR in the Pilbara can be the
next lithium story in the Pilbara?

I cant get out to the Pilbara so it was insightful that Paul Wittwer gaves us a run-down.

So, thanks to Nicole for her hard work and on-time in as much as it would allow given the terrain is tough out in the Pilbara. Paul Wittwer, from recall said he is looking forward to the results of the survey of the nickel so here's hoping.
DYOR.

News, Sat 30 Apr 2022.

The small cap sector is littered with success stories. In junior miners, say fo@1.r example, their market cap was £8m @1.5p placing for start of the Cascabel JV. Look at the mkt cap today in 3 digit millions.

Same for GGP - from 1.3p to 40p+, and over £1bn mkt cap. Currently, still 3 digit millions.
My, the daily noises about the CEO, co etc. Of course, both the co's found a TIER 1 ASSET which was rather rare.

Same said for the above 2 co's [different CEO's now] so it is about the ASSET/s rather than personalities. HISTORY NOW for the 2 above co's.

Yesterday, the No 1 top riser had a mkt cap of £3m and it rose over 2 days.
Same said about this co. Why the change? A new project ie gas in Australia and £3m placed with Australian brokers without to even dual-list. Imagine a raise of £3m vs £3m mkt cap!!!

I cant GUARANTEE but I am personally happy that A.Bell has grasped the mettle and starting to clear the decks. But each to their own choice and view.

Look at how Sirius Minerals have turned out. In the initial years, it went from 1p to 40p+.
Then, they could not raise the 2nd round for capex due to the volatile market conditions ie bonds. Nobody had much to say about the CEO ie negative and they thought it was a dead cert but the financing part of potash project in Yorkshire was the bug bear during volatile mkt conditions.

Look at FANG stocks in the USA. One earnings miss by a bit and the share falls drastically.
Ackman lost $400m in Netflix in recent days and was all over Twitter.

Let's see what history will say of RRR in the next time frame and hopefully the Congo trip by A.B will be successful to settle the 1st part of the $5m +$15m [51% to RRR?] and maybe even get the equal licences/split properties he is looking for? RRR's 51% of MUSONOI COPPER & COBALT, KOLWEZI district, DRC appears to be a TIER 1. However, others thought so as well LoL.

Big shareholders at RRR voted A.B in by a LANDSLIDE so they must know a bit more than us pi's? They may understand the situ better? I dont know but with every stock whether FT100 or otherwise, there is always RISK and there is NO riskless stock [singular].

Look at Lloyds Bank at 10p wherein the investment community said it was "uninvestable"
and today, the recovery.

I can only speak for myself and since I have only a modest sum into the stock, it is part of managed risk and it is at the end of the day about MKT CAP, ASSETS, EXIT EVENT/LIQUIDITY event EXECUTION.

Could have the best and most liked CEO but if the assets are not in the right place at the right time, then it is also hard to navigate.

News, Sat 30 Apr 2022.
All HISTORY now re: co's mentioned.

A clearer story quoted verbatim:
" In 2009, DRC sized control of the KOLWEZI project from First Quantum citing code violations promoting First Quantum to launch IOC ARBITRATION against the state mining co, GECAMINES
in 2010. The project was SOLD to Dan Gertler, a mining entrepreneur who SOLD IT TO ENRC."
---
CHECKED KOLWEZI MINE, DRC
It is now owned 72% by ZIJIN.

Comment:
RRR won 2 cases in Congo already relating to the $20m.
RRR never violated any code etc.
Like First Quamtum, RRR per Andrew Bell today, Fri, 29 Apr 2022 said "FIT FOR $250 MILLION" relating to LITIGATION outside the CONGO relating to this INTERNATIONAL CO.

Typo: obtained, not obtain.

"First Quantum launches legal action over KOLWEZI project."-Mining Technology, 15 Sep 2010.
"Expropriation of its legal title to the Kolwezi, DRC project."
--
Note: From another article, "ENRC paid $175 million [£113 Million] for mining assets in DRC including a major stake in the KOLWEZI, DRC mine. First Quantum will launch its own legal action probably in the British Virgin Islands to seek DAMAGES OF $2.5 BILLION, estimate value of lost asset and money developing the Kowezi mine."

First Quantum wrote the FCA as ENRC was a big listed co in London. First Quantum did not win their case in DRC and so they launched INTERNATIONAL ARBITRATION IN WASHINGTON AND PARIS AND private litigation.

[2] "ENRC REACHES A $1.25 BILLION AGREEMENT WITH FIRST QUANTUM TO ACQUIRE KOLWEZI MINE AND SETTLE ALL LEGAL MATTERS."- 12 Jan 2012

Comment:
So, from 15 Sep 2010 to 12 Jan 2012 was not long before settlement.
First Quantum's case in Congo said the taking back of the mine etc was upheld.
I gather this was NOT against ENRC.
However, since ENRC obtain the Kolwezi mine, First Quantum sued ENRC.
ENRC was a FT100 co in London.

In the case of RRR, they won 2 cases already in the DRC.
The international co that Andrew Bell mentioned in his interview today, Fri, 29 Apr 2022 is an listed co on a stock exchange with a mkt cap of $12.8 BILLION in local money just as ENRC was listed as a public co.

Interesting. Kindly check if interested.

Wanted to find out if there were similar cases as RRR's MUSONOI, DRC litigation. DYOR.