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HELPFUL:
Ah, that is music to my ears: "I GO FOR MIS-PRICING" of assets to share price as well. But mis-pricing is harder on big stocks as it is a more "efficient" market with so many analysts covering the big stocks. But I find it safer to chose stocks that are potentially with Tier 1 assets or close to closing in on a Tier 1 deposit. That is how I landed at RRR LoL. However, I have HEAVILY QUALIFIED when asked by AimDogs: That I consider it to be OPTION MONEY so that no one can blame me and I am sure you understand.
Everyone is busy watching drills at the momo for potential Tier 1 but they are not on the UK market unfortunately.
They were once 0.05c Canadian, now on Fri, 80c Canadian with the drilling starting shortly. But the initial Hole 5 was pretty good ie long intersection, good grade and in a Tier 1 jurisdiction. Only downside, price. John Cronford said that penny stocks can rise to the fabled stock and this is the case in point. However, in reading consensus, IF, the next set of drills dont turn up as good, then, of course, accordingly. So, the point of bottom fishing is pretty intact if one is able to get data from inception. Hence, I like penny stocks if they are on to a potential Tier 1 and easier if they have done modelling.
MAIDIT308 - Yes, got to take a rest -does get tiring if it has been repeated for 3 years on this forum the same ole thing about RRR etc. Hence, lots of holds and proven so -RRR is still here. LoL.
Right, Helpful.
Thanks. I stand corrected. I apologise to Zumore for mixing the names since I was not here when Carp was here.
Helpful, I note that you have now replaced Mr Bell, Chairman of RRR as the new figure of ...
Coming to a subject matter perhaps of interest to you, I have just learnt that "In recent months, Standard Chartered ,HSBC, JP Morgan, UOB and Deutsche Bank have visited Shanghai Gold Exchange intensively to discuss cooperation."
Announcements have just been made relating to margins. LoL,
Many forums are now discussing gold but in much more depth than on this forum at this site. But currently, SGE is the largest in the world so that must be watched. We live in interesting times.
Part 4:
MR ANDREW BELL, CHAIRMAN OF RRR.
Mr Bell has seen many cycles. The good one was in 2010. |Paul Johnson recently tweeted that with the 2010 commodity boom [think he mentioned gold as well], RRR went from 0.25p to 23p. This is the 1ST TIME I have ever heard Paul mention RRR given I have listened to his interviews. I only heard on forums what gave him a life break ie at RRR.
So, I gave the stats from the last boom and how Canadian juniors went up in tandem via Casey Research. So, Mr Bell is into this period again of the price of gold having hit the NEW RECORD ALL TIME HIGH OF US$2,400+. Mr Bell is facing quite a tough task ie taking on the DRC and a major. This is not as easy as it first looks and never is. But looking at AVZ, there is much to look forward to but RRR will need to survive this period. Litigation will not be a just walk in the park but will take some time from the ISCID cases seen.
In earlier years, co's have to change to the rising commodity. Even Paul Johnson's new vehicle has been now rationalised but what DIRECTION will his co take? That is awaited as a new CEO may be now appointed. It depends on what is the direction going forward. DL's REM also has had to rationalise. So, painful as it may be, there is not much choice. If money in cpaital markets is not plentiful as DL said in his RNS @Rivergold, ASX, then a new approach will mean that today's rationalisation must withstand tomorrow's new situation.
Mr Bell is no different and the grips against this CEO or that CEO is unjustified. Why? EVERY PROJECT is only as GOOD on its merits. So, the grips is that people just follow one particular CE|O thinking every co is paved with "gold". To those who understand dogs or horses, they will know that A PARTICULAR TRAINER'S HORSES will NOT ALL WIN nor a JOCKEY win every big race. IT IS AGAINST THE STATISTICS.
SUNDAY:
No, I will not be replying further to the Chief here. The reason why I want to take a back seat is because I dont want to get caught up in this CONTINUAL REPEAT CYCLE of the same old thesis of which there are LOTS of HOLES?
As said, think carefully, and come to some sort of rationalisation of one's own portfolio. I have.
On the other forums that I have just visited ie 1, they are not concentrating on the co or the CEO but rather how to save themselves from fiat vs assets in particular or in general. COST OF LIVING CRISIS has caused many to discuss in co-operation and there is good-will amongst the MICROCOSM.
Sunday: A time to relax and there is lots to follow up. WITHOUT ASKING SOME PERTINENT QUESTIONS, and just jumping in is the thing that is most risky. So, I will go to the other forum to see if they can come up with pertinent questions or they are just going to jump on the wrong notion/s.
PART 3:
PLAUSIBILITY:
Zumore lost his wife per Helpful informing me due to investing in RRR. |Helpful said this was posted hence the upset. So, I look at plausibility for example. Many women, unless they are professionals in their own right, have no financial status to be able to leave so easily. So, on the plausibility testing, it would not be that plausible that every last penny went into RRR, hence the upset? During the time I was on this forum, Zumore informs me that his FAMILY IS THE 1ST FAMILY of UK. So, again, some dis-connect here between 2 time periods. So, I take it, that it may be or may not be but that is personal to him. But the justification does not seem matching and conflicts between 2 time periods. Theeeedule said he mortgaged his house etc and told Mr Bell, Chairman of RRR that on the phone. However, in more recent times, he said he put in £500 etc. I took a quick look at duke's posting and I saw he told folks there, HE'S ALL IN at GST? LoL. As I said, if Duke telephone me, one would have to check the RRR share register. That is taught in the office. I am not interested in folks personal lives but when they give justification relating to their upset with RRR, then one has to look a little more closely at the plausibility one is taught in school, to see, on balance it could be or could not be, with 1% swinging to each side.
AIMDOGS
Very pointed and to which I have respect for. YES, A VERY GOOD mention of GOLD but compared to LITHIUM is not suitable. In terms of lithium, there is more to the story. I wont go into details as it would take too much time. So, AIMDogs has brought up a good point but that is already ANSWERED by the experts. I wont go into detail but IF THE EXPERTS are proven CORRECT, then one will see it in REAL LIFE. Why? There is TOO MUCH DEBT in the system and that has to, at some time, be rebalanced. What that will take and in what form is going to be evident shortly. Shortly as in 3-5 years time frame to see the beginning of how RESTRUCTURING will take place. It is ALREADY HAPPENING. How? Look at ASSETS vs paper money. Assets are NOT GOING UP but rather paper is going down RELATIVE TO.
RRR
It will need RESTRUCTURING OR RATIONALISATION and it is clear given DL & Paul Johnson are already executing on this.
DRC LITIGATION
One will have to await to see.
MY VIEW: I WILL BE NEITHER RIGHT OR WRONG. Why? It depends now what will happen and how things are run or rationalise and whether the DRC matter can be resolved in a time frame that RRR will survive. ALL CO'S ARE THE SAME, not just RRR.
AH, I AM HAPPY THAT MY ANALYSIS MEANS I LEAVE on the mkt opening, with a clarity. To this end, it means that I have studied the MICROCOSM here and can apply to any other forum given people fall into groups of thinking.
PT 2:
I LEAVE WITH CLARITY:
I will leave with clarity as to this NEW MICROCOSM of which I was WARNED ABOUT at 12 years old. Like what: It was said, these are the PRINCIPLES to abide by and do you accept them or not is up to you. Go away and think and when you decide, come back because it will be a LIFE CHOICE. So, to this particular Mr X or Y, I make no apologies for NOT listening because I cannot afford to change to this new club here.
HELPFUL:
Ah, now, I am told to look at Helpful and to this end, same thing. Helpful has NOT replied so I take it he does NOT want to comment on what I said which is fair. I think he does not want to CONTRADICT me and that was kind of him. Yes, I have taken a rather more dynamic approach. I have analysed Helpful last night - he is akin to a fund manager managing a portfolio. This he does for a living. But running a co IN THIS NEW CIRCUMSTANCES requires a more dynamic approach and DL & Paul Johnson have started to do RATIONALISATION of portfolio. Why I said I await to hear from Helpful is that one must give him a right of reply relating to what I said if he has any comments. But Helpful KNOWS MORE THAN I DO as to the status of the co - he is able to ask /as can major holders of RRR if Mr Bell takes a conference call. But I have a skeleton to go on.
CHIEF POSTER: No, I dont think I will LISTEN to him and this is not anything personal but ON OBJECTIVE TESTING via the co's he has invested in, he has DEMONSTRATED "fund management" mastery. Why fund management? The co's he has gone into are REVOLUTION BARS & SAGA ---of which is very dependent on discretionary spending and in times of non-boom, these are sectors to avoid in general. THIS IS CALLED TRACK RECORD ON THE LONDON SOUTH EAST, Being listened to has NO REAL LIFE benefit, as one cant apply to be a fund manager of GOLDMAN SACHS IN NEW YORK based on one's posting on this forum. There are TOO MANY HOLES in his thesis.
MY DIRECT REPLY POSED TO ME:
[1] Theeeduke: Yes, I did say I would want to leave due to such "unfriendly" naysayers of which have their own reasons.
BUT, before I go, upon MARKET OPENING, Mon, 22 Apr 2024, I must review RRR, Helpful & the crowd here. It called an assessment, right or wrong, time will tell. Why? This is a MICROCOSM. To continue is to bear the continual ill will - because I WILL NOT JOIN IN THIS "GREAT COMPANY" OF NAYSAYERS.
NAYSAYERS: In general, they point out to me that A.Bell, Chairman, RRR this and that. In particular, Robin rang the Chairman & it was good Mr Bell gave him the time of day. However, Robin and others point out to me to attempt to TEACH ME A NEW WAY OF THINKING & TO JOIN IN THIS NEW WAY OF LIFE here, hence the MICROCOSM of WHICH I REFUSE TO JOIN. Why? Two aspects: one, whilst I sympathise with Robin who sounds very young, he has NOT approach ed RRR or any other co with the PRE-REQUISITE/s needed to KNOW more throughly what is the MACRO & MICRO situation. In short, LOOK BEFORE YOU PLUNGE IN and IF in, then to TAKE STOCK before losing, say 99%. In retrospect, MOST will learn OVER TIME to SURVIVE. ====RICK RULE: He was not born with a silver or gold spoon etc but in his interview he said; WE NEED TO KEEP IN THE GAME. That he explained more fully: IF ONE IS WIPED OUT, THEN ONE CAN NO LONGER REMAIN IN THE GAME ie stockmarket.==== So, it is ALL FREE to learn and IF one doesnt learn, then one has to decide whether one wants to continue in the stock market or leave & whether one can BEAT THE JUNIOR EXPLORERS ETF. I wont go over old ground but it means THAT £1 PUT INTO ANY OF THE MORE KNOWN JUNIOR EXPLORERS LOST 90% TO 99%. Those that lost 90% are those with Tier 1 deposits eg Havieron & Cascabel. SO, THIS IS ====PROVEN FACT===THAT PRACTICALLY NO ONE ESCAPED THE BEAR YEARS IN COMMODITIES. A day or so ago, KATUSA RESEARCH on Twitter put out a 10 point kinda of tweet to describe these bear years in commodities.
CHOICE: If one does not want to LEARN TO BECOME A "PROFESSIONAL" FUND MANAGER THAT CAN BEAT THE MARKET ,
THEN, IT WILL BE GAMBLING ie dont read into companies but just listen to Mr X on a forum or what the Chairman said which is continually changing. Why do I say "professional"? The stats says the ordinary investors usually lose inc day traders. So, professional because in order to beat the stock market system, one has to do better than the stats. Or the extreme end, just LISTEN as said above.
WITH RESPECT:
So, with due respect, I DONT LISTEN TO ANYBODY. Why? I was taught to THINK for myself with principles taught. This is why the ire against me. Why? I DO NOT LISTEN TO ZE Mr X, Y. No, I REFUSE. So, I will NOT BE PART of this in-group baying...But why? I was taught in school that IF I LISTEN TO THESE NEW VOISES, then be prepared at the end of life, I change to become ....that I was not taught to do. Like what? To hate on....
ANALYSIS:
That is why when I stop posting on this forum, I leave VE
Will the RRR Australia IPO get through or there is no mad rush for Ballarat drilling. Why? Another AIM co is drilling nearer the Ballarat area and there is no demand for dual listing in Australia, hence why I asked. If there is no rush for the IPO, then RRR may have to re-think and re-launch with Kilmore which is a bit more risky as there is no drilling. Hence, I mentioned trenching which is cheap and which MAKI did at Cote or FASO via the CEO GEO. Kilmore is the greater potential but I dont run RRR nor is RRR taking in my view. So, I watch to see and to also CHECK my own view. But, if I run my views with Helpful, then I can see A WIDER PERSPECTIVE. In an ideal situation, I would like a CONFERENCE CALL WITH MR BELL but I dont know there is much to glean given the interviews are very heavily qualified.
It is for this reason, I view RRR and my investment as option money and some of us like Maidit308 want it nailed down.
A lot who post on this forum are NOT POSTING with insight to the PROJECTS. Why? The RRR RNS's dont tell enough because one does not do site visits like brokers before writing a report. Helpful went into army life and he will know what I am talking about. DL did not have a military background and therefore, he did not see the critical path and where REM could be cornered. These are M & A techniques and to this end case studies are helpful. That is how Solgold has managed not to be eaten by dilution from any major so that they have JV in and taken the major share. Mather said so. But Mather uses a investment bank in Canada who's known skill is to conduct strategies to maintain corporate control. Otherwise, Solgold would have JV and got 20-25% share left and then NSR. Without stategy of the M & A type one will not survive as a co. I take it Mr Bell was not in the army and may not be quite so nuanced that the DRC will take not only legal skills but more importantly, how to outplay the opposition. AVZ's French Counsel is having a field day and already obtained an INTERIM RULING IN AVZ'S FAVOUR. How they ascertained that $105m USD was paid to buy M...lithium project is a wonder. How di they obtain that? It is not a pitch book deal but rather a private matter. Its no wonder why the interim ruling is in AVZ's favour. So, very well played. In biz, it is a skill not to be eaten by commercial interests. Eg GINA, OZ'S RICHEST WOMAN MARRIED A LEGAL COUNSEL WHO TUTORED HER and one does not hear Gina getting taken in by a more masterful legal fine print etc. I was hoping blueboy1975 that if you are a shareholder, then everyone should be heard but not the usual naysayers playbook of oh, the ceo this and that. Go to any forum and the same thing is repeated so it is a waste of time IF every forum has the same TEMPLATE. They call it the old acorns ie repeat the same lines. Hope this clarifies.
FOR CLARITY:
I dont ENJOY looking at poster's history. I have NO reason to do so. I have better things to do. However, if x or y comes on and repeats just negatives, then I have to find out [1] If the poster is only negative on this co or EVERY CO. Some go round just posting ummm umm on many stock forums and nothing related to the co. [2] People say a lot of thing eg they have been on this forum for 5 years. If ONE CHECKS and it is NOT so, THEN IT MEANS that veracity is not to be taken without questioning. No one knows who anyone is in real life here, so REPUTATION is on this site alone. Same as in REAL LIFE principle of engagement. [3] Everyone on this site or on the other site depend on the TRACK RECORD ie have they a record of hitting Tier 1? Or if they say, they are CHARTERED ACCOUNTANTS, do they actually display any of the academic qualifications they say they have. It is important as they are telling folks a lot of things which goes again accounting principles one learns on DAY 1 101 eg ASSET. So, a lot of posting but VALUATION is 1 of the most important aspect of Finance qualifications. How to post on any forum or take a V IEW IF ONE CANT VALUE using known techniques investment banks use? Go into a bank and try to get a mortgage or loan. The form to fill is to ascertain assets and cash flow. So, if this is not a skill then what is there to discuss about RRR. That is why all day, it is about the past which has NOTHING TO DO WITH THE CURRENT. I gave the example of Solgold in Solomon Island and Raines , Qld which was not a success and each time, the co has to try again until they hit the Tier 1 prospect. What is the use of harping on Solomon Islands or Raines and if one lost, they one jumped on the WRONG TRAIN. Simple. [4] Lastly, I dont have to CHECK ON HELPFUL. I ask about CURRENT. The down cycle in commodities means that NEARLY EVERY AIM EXPLORER GOT HIT IE DOWN BY 83% AND THEN ON TO 99% DOWN. ALL THE SHARE CHARTS SAY SO AND OIL PLAYER'S 40 CO ANALYSIS PROVES IT. THOSE 40 CO'S REPRESENT A LOT OF the AIM explorers so almost the whole lot have been covered that is popular.----------CUT TO THE CHASE, PUT £1 IN ANY OF THOSE 40 OR THE AIM EXPLORERS, IT IS A LOSS OF 90% OR 99% AND NONE ESCAPED. FACTUAL AND PROVEN VS VAN ECK JUNIOR MINERS ETF says the same results. ANYONE THAT DOES NOT WANT TO HEAR FROM ANOTHER DOES NOT PRACTICE DEMOCRACY. [3] HELPFUL HAS A FINANCE QUALIFICATION AND IN REAL LIFE IS A PROFESSIONAL. I have NEVER FOUND HELPFUL not to be up on his academic knowledge and he is not behind time on a lot of updated stuff. So, I like to RUN THING PAST HIM as I think that single chamber thinking is not good but rather bounce off a peer. That way, everyone has a say. I feel AIMDog was very pointed in his Question to me. But AIM Dog cannot see the defines of LIMITING risk, hence he asked me what I will be doing. If Helpful does not answer, then I take the view that at some time, my own view will need to be PROVEN OR DIS-PROVEN. Eg,
Link: https://twitter.com/mxmining/status/1775193732767158328 2.4.24.
"Federal Court rejects Amparo from Ganfeng Lithium subsidiary."-Mexico Mining, 2.4.24
[REM MENTIONED].
[2] TRR LITIGATION RE: SONORA.
LORD ORR NAME MENTIONED IN LITIGATION. SHORT VIDEO FROM TRR [the 5 secs type]. Interesting.
Link: https://twitter.com/LondonSouthEast/status/1759524729306677281 19.2.24
[Focus IR]
Comment: Thought the old timers would be interested to see the REM name as KDNC not used. Why? It is still in REM Mexico 's name. Also, Lord Orr name in litigation or rather his family trust.
Contd
THE MEXICAN TREASURY DID A OFFICIAL VALUATION ON SONORA and said that it was VALUED at up to US$600 BILLION.!!!
In AVZ vs DRC, the story now emerges from what appears to be court papers that $105 USD was paid to get the M...lithium project from under AVZ and that the lithium project is valued at US$105 BILLION. So, when Helpful said it was worth x, y, z, yeah, a sale of US$430m would mean a bigger valuation normally.
So, now all have lost out. MORAL OF THE STORY? SAME GOES FOR PAUL JOHNSON - the same thing from management observation. He made it via RRR and GGP and now there doesnt seem to be anything of Tier 1 potential. Again, no longer hungry in terms of management case study criteria.
But apparently, DL has woken up. Perhaps he is now aware that times have changed. DL is concentrating on Australia for a good reason. Majors are now moving to Tier 1 jurisdictions and majors are in a pickle in Mali. That is why RRR is doing a quick in , at FASO to obtain cash flow but longer term , well.....
Lets see what HELPFUL SAYS. We all wait to hear. I want it nailed on before I buzz off to enjoy my summer. ANYTHING THAT MOVES AFTER THAT , I WILL HAVE EVERYTHING AT COMMAND AND CONTROL ie all the info on hand and watching all the catalyst points.
Yes, if you look carefully, I said that I would leave and before then, I am having a good yarn with Helpful to make sure that I have everything nailed on. So, it is Sat. Then, I fell into the MUSONI contamination news that is making headlines because 1 MORE MAJOR MINE IS STOPPING OUT. Implications of which I think Maidit308 will want to know about.
Once I have determined exactly a schedule of what to look for, I can watch on Twitter to see what is happening ie RNS etc from RRR or tweet from Mr Bell.
This is my view on matters: DL HAD to make SONORA WORK. He can work FAST - he drilled Sonora like a mad man. However, this is where it all started going downhill. He and Lord C made an agreement that DL's REM would finance the drilling since Lord C couldnt get the money at BCN in Canada as capital mkts had practically shut shop. However, what DL didnt realise was he was PLAYED by the new CEO and board AFTER LORD C passed away. DL got a CONTRACT ie OFF-TAKE WITH TESLA and Seeking Alpha said that WITH SUCH A BIG NAME, BCN/REM could GET FINANCING EASILY.
THE BOARD REJECTED THE TESLA DEAL. DL was smart enough to get a scoping study done and DID NOT TELL BCN. Then, one morning REM released the study which stunned BCN's CEO, a newly hired chap. BCN said its not their scoping study but REM's on Sonora. REM invited shareholders to a LONDON party and told them that he would play a chess move re: Sonora. HE MADE A BID OF £1 FOR BCN. BCN let it out to the mkt and BCN rejected the offer although it was a very good price. Fast forward, BCN accepted a Chinese major's offer later at some 45p + & shares another lithium project which was of not much value. MEXICO GOVT THEN SEIZES SONORA inc REM's 30% JV ie the whole lot. HAD DL NOT DONE THE SCOPING STUDY FOR REM, then forget it, REM could not take any action if there was NO VALUATION but with a scoping study, there was NPV etc so VALUATION was there. MEXICO GOVT SAID: THE CHINESE MAJOR DID NOT WORK ON SONORA but they said that they were clearing a road. The BCN people did not work fast enough but DL used to work like Speedy Gonzales. Why? That Sonora project was the break he needed so he put everything in. Failure ? Why? Easy going a person but got eaten. Later, DL found out that BCN and the Major was going to take up his plans to export to the USA which was a short distance away to TESLA!!!! This is all history of the time. So, when people are hungry per the management criteria, they will WORK THEIR GUTS OUT AND MANAGE THE IMPOSSIBLE. How did DL get a TESLA off-take is a marvel. DL showed a pic of himself at the Tesla factory. Not an easy feat and even Seeking Alpha was impressed. CUT THE LONG STORY SHORT: NOW THE SHAREHOLDERS OF REM ACCEPT THAT IF DL TOOK BCN OVER, HE WOULD HAVE HAD THE MINE UP AND RUNNING THE MEXICAN GOVT WOULD HAVE NO EXCUSE TO TAKE AND SEIZE VIA NATIONALISATION and if they did, they would have to pay through their noses of which they dont have that type of money. MEXIC
Contd:
BACKDROP: I will cite verbatim from DL via his Oz listed co per the latest RNS:
"RIVERSGOLD ASX: TENEMENT R A T I O N A L I S A TI O N OF TENEMENTS:
DAVID LENIGAS , CHAIRMAN & CEO: M O N E Y IS HARD TO COME BY in these TOUGH capital markets for junior exploration companies and as such RGL is NOT A HORDER of EXPENSIVE exploration acreage.
We have REVIEWED the ====PROSPECTIVITY ====& COMMERCIAL aspects of our tenement PORTFOLIO....have started a program to SLASH the tenement portfolio. We have already reduced our ANNUAL exploration commitments by 57% and have FURTHER RATIONALISATION to complete this quarter....reduced to $500,000 and keep core projects protects. We will continue to review new opportunities based on MERIT..." "KUNALPI NGM -------- S A L E DEAL. NORTHERN ZONE FARM IN. Exited Mt Weld farm in with Corcel." -19 Mar 2024.
In a further RNS/ANN, the Kunalpi SALE is to consolidate and make it a bigger package for a later IPO.
https://hotcopper.com.au/asx/rgl/
Comment: DL is moving with the times and is COGNISANT TIMES HAVE CHANGED. So, ADOPTING THE PAUL JOHNSON ACCOUNTING STYLE OF STRIP AND SELL ASSETS, FARM IN, EXIT ETC. SO, TOO RRR MUST NOW EXECUTE A BOLD AND SUCCESSFUL S T R A T E GY [MBA style] to effect a slim and lean co and obtain CASH QUICKLY.
DL IS THE ADVISOR TO RRR but he can only hint etc from the way he operates? He does not appear too ...um um.
The above was in DARK PRINT.
----------------Time is running on. Time for a Strategic Review-----------Sat, 20.4.24.-----------
Who is actually making the EXECUTIVE DECISIONS IN RRR? Are there a team of advisors or directors in the co holding meetings and the way forward? All the COLUMNS for action is now running late. One has to ask WHY and what is the STATUS of each PROJECT and what are the INTENTIONS for ASSET STRIPPING now that DRC has NOT YET LANDED/
So, I will do a strategic review starting from RRR AGM, 16.2.24:
[1] Is the KENYA LICENCE going to be RENEWED or is it going to be on the LICENCE type per the legal article I posted?
[2] When can it be expected or are there issues? As in, as in like before, dragging their feet by the Dept of Licencing?
[3] Is there going to be a SALE of this asset? If not, when is it going to be sold and when is the upturn coming to sell to the Chinese say , who can handle African gold assets? Are there connections to do so with the Chinese?
[4] Bilbale: Best case scenario is to continue with the ARTISANAL workings and is there test work going on?
What is the worst case scenario?
[5] Cote d'Ivore: What is happening there? Are the Canadians holding out for something eg reduced price etc?
[6] Kenya tailings - folks are interested in tailings so is that going to be sold? Again, are there connections to Chinese buyers?
[7] Zimbabwe: What time frame will the sale of the lithium take place as prices have risen quite a bit.?
[8] Is there TIN at TIN HILL, Zimbabwe since this is a hot commodity?
[9] Victoria - is there some admin delay or the Aussie's are not that enthused about another Ballarat player given that is not a hot area. Also, the intersections doesnt make the market go wild - an AIM co is not finding Sunday Creek type intersections. Are Aussies too polite to say so?
[10] DRC -delay is one of the most common and favourite legal tactics. What is going to be done as this cannot carry on indefinitely? Any change of counsel or 2nd opinion? Or a more dynamic success oriented experience counsel for DRC. After all, AVZ 's counsel is having the opposition for breakfast?
[11] 1 brain = 1 style. So, if things are stuck, then a MORE ROBUST AND DYNAMIC WAY FORWARD TO NEEDED?
[12] Why not invite the CEO GEO of Sunday Creek over since he stays at Kilmore and see what he says about KILMORE @RRR.
[13] Everything is by and by. Holders need a SUCCESS DRIVEN APPROACH AND HOW THE CO GETS THERE , ITS TIME TO SWEAT & get things moving. The market has changed and money is needed quickly.
[14] Who at RRR can get things DONE?
[15] Mr Bell is GOOD at what he does ie legals, procedural, getting licences etc but now SURVIVAL is needed. Why? BIG G like many others are cognisant that time is on their side. Crux Investor said so about majors in general and it is the small explorer that does not have the time.
[16] No CRITIQUE is meant, implied but a NEW RRR must emerge to SURVIVE AGAINST THE ODDS. There are many co's out on AIM and they have
AIMDOGS
Since you asked nicely, I will answer out of courtesy. As you know 101, never plunge ALL ONE'S MONEY into a stock. Find out EVERYTHING and EVERY VARIABLE if possible. Less room for potential mistakes then. IT IS CALLED EXECUTION.
Does one AVERAGE DOWN? Theory says NO, unless there is a CATALYST that the market will tick up via EFFICIENT MKT THEORY.
Keep one's powder dry. One has to know how much the sums will involve ie if one buy 1 share at a higher price, one will have to buy more than 1 share if it goes lower. HOW LOW is dependent on the situation of the accounts.
Meanwhile, LOOK OUT FOR CASH FLOW OR SPIN OUT OR IPO OR SALE ----that can change and turn things round. Hence, one has to know inside out what RRR has, not just spin yarns like the naysayers. ONE HAS TO FIND OUT PROFESSIONALLY LIKE AN ASSET STRIPPER [accounting terminology] as to what CAN BE SOLD, SPUN OUT, IPO'ed etc. AND MORE IMPORTANTLY FOR HOW MUCH.
DRC IS THE POTENTIAL PRIZE BUT IT IS THEN "OPTION" MONEY AND HOW RRR WILL LAST IT OUT AND WHAT STRATEGY IT WILL USE TO OBTAIN THE US$430M LOST [50.1% STAKE].
That is going to be a careful and accurate spread sheet done and no one can tell others what is the time frame as that is too variable and depends on one's own view, cals and tolerance.
Or, I just keep my option money. THAT IS WHY, THE RISKIER THE STOCK MEASURED BY THE BETA OR GAMMA, the less one must invest in a stock. Why? If £1 potentially can pay out £10, then no need to invest so much. But if a stock has potential for 30% upside, then capital needs to be more. THEN, THE VERY WEALTHY DO NOT INVEST IN AIM EXPLORERS LIKE SOME WHO ARE PLUNGING IN. Why? For high net worth, they only would put a small % for a risky stock. ALL AIM CO'S ARE TECHNICALLY RISKY AS DEFINED BY THE LONDON STOCK EXCHANGE AS THEY ARE GROWTH CO'S ESSENTIALLY AND NEED FUNDING. That is why the rich buy established BLUE CHIP INVESTMENT QUALITY STOCK THAT PAYS A DIVIDEND AND THEY ARE CLIENTS OF TIER 1 INVESTMENT BANKS WHO PROVIDE REPORTS so that one does not have to do so much work. One chap of Twitter said that he does not have the research teams so it means it is subject to more errors than a team of highly qualified investment researchers. SO, MY ANSWER IS WAIT AND SEE AND IT IS ALL 101 WHAT TO DO AND THAT IS EXECUTION OF EACH ONE PER THEIR TOLERANCE LEVEL FOR RISK. That is all 101.
Contd : Part 2
which means that RRR's JV CENTRAL MUSONI may have either higher grades or bigger licence area = bigger potential deposit of copper & cobalt. From what I read ZINJING paid for Musonoi SOUTH WITH NO PFS even. RRR WAS GOING TO DO THE PFS and asked Gecamines for the CORES but I understand from Helpful, they did not supply it. No wonder.
Why? It was SOLD ON. A/c to Helpful, RRR found out when VUP sued Gecamines and BIG G. Yes, of course, any case filed would be the talk of town in the DRC. THIS IS THE US$20M still owing of which only US$5m was paid out to VUP but RRR won the arbitration case for a 50.1% share.
WELL, IT IS NOW A DIFFERENT MATTER ALTOGETHER GIVEN THE COPPER SUPPLY DEFICIT AND THAT ZINJING SUPPLIES 4.2% OF WORLD COPPER OUTPUT FROM THE NO 2 WORLD BIGGEST SUPPLY COUNTRY IE DRC.
GECAMINES AND THE MINISTER OF MINES WAS CONTACTED BY MINING.COM AND THEY DECLINED TO COMMENT. OF COURSE, IT IS BIG NEWS. 4.2% OF WORLD COPPER IS SIGNIFICANT. AND THAT MEANS COPPER PRICES MAY HAVE TO RISE QUICKER WHEN SUCH A LARGE PLAYER GETS TAKEN OUT. BIG G WILL OR MAY HAVE TO KNOW INFORM THE MARKET ABOUT MUSONI IE THEIR 2 LICENCES WHICH BELONGS TO THEM AND THE CENTRAL MUSONI ==========WHICH IS NEXT DOOR TO ZINJING IN THE NORTH. IF RRR'S MUSONI IS SOUTH OF ZINJING, THEN IT WOULD BE A DEAD DUCK AS ITS TOO CLOSE TO THE URANIUM DEPOSITS IN THE SOUTH. THE MARKET WILL WANT TO KNOW IF GLENCORE IS GOING TO HAVE TO DO ======ACCOUNTING IMPAIRMENT AND THEY USUALLY RUN INOT BIG MILLIONS.=====ITS A BIG BLOW FOR ZINJING and if they were a Western co listed on a big exchange there would be impact on Mon. Look what happened to First Quantum when the COBRE PANAMA WAS SEIZED FROM THEM. A CHINESE MAJOR HAD TO EXTEND US$500M IMMEDIATELY SO THAT THEY CAN BRIDGE THE GAP AND FIRST QUANTUM, WITHIN 24 HRS HAD TO ISSUE BONDS INTO THE HUNDREDS OF MILLIONS. The loss to First Quantum is into the BILLIONS ie loss of Cobre Panama a big copper producer. AT RRR, SHAREHODLERS WOULD BE SINGING IF MUSONI WAS NOT SOLD UNDER THEM. NOW, WITH THE PUBLICITY HEATING UP AND MINISTER OF MINES DRC AND GECAMINES ASKED TO COMMENT, THEY WOULD HAVE TO COME OUT OF HIDING SOME TIME OR OTHER. THAT WILL BE TO RRR'S ADVANTAGE NOW AS IT MAY BE OR APPEARS TO BE RRR'S MUSONI CENTRAL IS NOT =============CONTAMINATED WITH EXTREME RADIATION AND IF SO, THIS ASSET IS NOW A PRIZE AND SUBJECT TO LITIGATION , BE IT IN DRC INITIALLY VIA DRAFT AWARD OR INTERNATIONAL ARBITRATION. Sat, 20.4.24. Big implications coming and appears positive for RRR now with the publicity.?
Theeeeduke
People who say others get paid appear to be rather uninformed? Why? If there is such a thing, one notices that on forums, be they R/pers or D/pers, they tend to use a FORMAT akin to a TEMPLATE and they repeat. Why? They are not hiring PhD or MBA from top uni's. Hence, why when one is posting, it does not matter what one says one's profession is. Why? If an answer is NOT forthcoming shortly without taking ages to reply, then by the quality of the answer, one can tell if that person is who he says he is. NEWS TO HELPFUL: RE: ACCOUNTANT who wants to sell RRR MIGORI. NOW, BANBURYBOY ON THIS FORUM SAYS HE IS A CHARTERED ACCOUNTANT [ACA AND EARLIER ICAEW] and on Harbour he told spec of this forum that he is "ACA , KPMG." Then when it was posted on this forum, he said he worked for ALL THE BIG 4-5. Not usually possible. Why? In jumping to so many accounting firms, one loses seniority and all the time, going backwards for the higher jobs. Then, Banburyboy said at KPMG, HE WAS DOING THE £900M+ COVENTRY BUILDING SOCIETY TAKING OVER THE CO-OPERATIVE!!! This is of concern as you said he is ....validating him. BUT HOW DOES BANBURYBOY NOT KNOW WHAT AN ASSET IS IF HE IS IN M & A [mergers and acquisitions] 101 and a CHARTERED ACCOUTANT? Most people know what an ASSET is. The concern is that naysayers are posting and saying this and that but they dont grasp upon what is ACTUALLY BREAK-UP VALUE AND ASSET STRIPING ie sale etc. SO, JUST DRILLING WILL NOT ELICIT A SALE BUT YES,--------------ALL CHARTERED ACCOUNTANTS K NOW THAT WITH A JORC, A SALE CAN BE MADE AS IT HAS A DEFINITION REPORT of which VALUE CAN BE ASCERTAINED. So, ALL THE MISSED INFO GIVEN TO FOLKS ON THIS FORUM does not appear to be correct. Let us hope, Duke you are not trying to INSULT ME that I need 50p to post @10p a post. If anyone does posting for a fee, say for example, WHY DO SO MUCH WORK, when one just repeats the template of ....or....which even a 10 year can do. I post PART BY PART as I find out what is going on.
----------------------HOW MUCH DID ZIJIN PAY FOR MUSONI, SOUTH KATANGA?--------
REF: "ZINJIN MINING ACQUIRES 51% EQUITY INTEREST IN LA COMPAGNIE MINIERE DE MUSONOIE GLOBAL SA FOR APPROX US$ 7 8 m i l l i o n."-Fasken, 3 Nov 2014. Zinjin bought Musonoi from ZJEJIANG HUAYOU.
REF: "ZINJIN MINING ACQUIRES A FURTHER 21% IN LA COMPAGNIE MINIERE DE MUSONOIE"-Fasken.
"Zinjin paid US$34m."
------------------------RRR DRC MUSONI [CENTRAL MUSONI adjoining next door to Zinjing as above.----------------
My figure has come in correct, in that I said that BIG G could have PAID RRR JV US$80-100M instead of buying it for US$430m sometime later. RRR's JV was in 2019 by which time the licences would have GONE UP IN PRICE post 2014.
Zinjing paid US$78m + US$34m for a 51% + 21% stake in South West Musoni copper district =US$112 million for 82% stake. FOR BIG G TO HAVE PAID GECAMINES US$430M FOR RRR JV MUSONI CENTRAL DISTRICT, WOULD HAVE TO PERHAPS MEAN THA
GOT HOLD OF THE MINING COM ARTICLE AS ABOVE.
Link: https://www.mining.com/web/congo-copper-mine-suspended-amid-radiation-concerns/ 22 hrs ago, Sat , 20.4.24
There are details:
Yes, EXPORTS are being CHECKED ie "TESTING COBALT shipments" & "BLOCKED AND RETURNED after being exported."
Cobalt is a "BY-product" of copper production
and the Zinjin COMMUS MUSONI MINE produces 129,000 TONS OF COPPER LAST YEAR = "4.2% OF TOTAL OUTPUT OF THE WORLD'S 2ND LARGEST SOURCE OF THE METAL"
"Congo has some deposits of URANIUM==========IN THE SOUTH ---WESTERN PART OF THE KATANGA region and some contamination occurs occasionally. The SHUTDOWN comes during the period OF SUPPLY DISRUPTION in the GLOBAL COPPER MARKET, driven by the surprise CLOSURE of FIRST QUANTUMS COBRE PANAMA MINE. ANGLO AMERICAN also lowered production guidance and CODELCO has seen output SLUMP to quarter century lows." "CONGO MINES MINISTER ETC DID NOT RESPOND TO REQUESTS FOR COMMENT. GECARMINES DECLINED TO COMMENT."
My comment:
Right, all the naysayers said to RRR Chairman Bell that its useless kinda of thing to be in Africa. LOL -------RRR MUSONI NEIGHBOUR, ZINJIN IN CONGO PRODUCES 4.2% OF GLOBAL OUTPUT AND THE CONGO DRC IS THE WORLD'S 2ND LARGEST PRODUCER OF COPPER.
LOL-THANKS TO BELL, RRR CHAIRMAN.
LOL - I posted the link to the map AND URANIUM IS IN THE ======SOUTH WESTERN PART OF KATANGA REGION and ZINJIN'S MUSONI IS SOUTH. RRR'S JV MUSONI ==========IS OFFICIALLY DEFINED AS = C E N T R A L MUSONI, so appears to have escaped the uranium concentration of deposits, hence, Zinjin got the uranium contamination?
LOL============NICE WEEKEND NEWS FOR RRR NOW. MAJOR HAS TO PAY UP. Yes, No. Why? Valuable assets isnt it now, and more so IF it is NOT in the Southern West part of Katanga but CAVEAT await further news. I have take care as Gecamines must be now ...since they wont speak to Mining.com.
"Congo mine SUSPENDED amid radiation concerns."-Mining.com, Sat, 20.4.24
On GLR: "ANOTHER MINE TAKEN OFF-LINE. SUPPLY WILL ONLY GET TIGHTER." -@15:13pm.
This was what I posted earlier about the Zinjin MUSONI , DRC copper mine affecting cobalt from copper.
So, the MUSONI ZINJIN copper mine is large and as said Mining publications have now picked up on the Blooms article.
I said that the MINING WORLD WILL NOW REPORT ON SUCH A MAJOR COPPER MINE in DRC. LoL RRR JV is just NEXT DOOR @MUSONI CENTRAL, part of the award litigation now awaited. I will look at other copper juniors to see if they also know that copper supply will get even tighter with 1 more mine out of circulation.
RRR JV MUSONI IN THE NEWS. -------NOT WELCOME NEWS FOR THE MAJOR AS MUSONI IS ON THE COPPER MAP.
Irrespective of the Musoni copper Zijin news of "extreme radiation", the award is still outstanding and has to be paid.
BUT IF THE EXPORTS FROM RRR JV MUSONI IS =======NOT CONTAMINATED LIKE ZIJIN'S, OH MY---------------
INTERNATIONAL LITIGATION SHOULD BE INTERESTING AND TO RRR'S ADVANTAGE. Of course, it is a valuable asset if so and even more so?
AVZ VS DRC
Court papers are now on Twitter to be seen and the shocker is that it involved $105m on a lithium asset @DRC of $15 BILLION. Lots of articles and International Tribunal legal papers screen to view of the above.
Oh my, this is causing even more unwelcome publicity.
So, was it the same for RRR's MUSONI? If interested , type into Twitter window Zijin DRC. All in the public domain now because international tribunal court papers have now been published.
DID I NOT SAY PROVIDENCE WORKS IN MYSTERIOUS WAYS? CAN THE POWERS THAT BE CONTINUE TO DELAY THE RRR DRAFT AWARD NOW THAT AVZ LEGAL TRIBUNAL PAPERS HAVE COME OUT ABOUT AVZ AND HOW THEY LOST THE LICENCE DUE TO $105M over a $15BN LITHIUM ASSET? HMMM.. TOO MUCH NEWS IS COMING OUT NOW. LoL.
RRR MUSONI JV, DRC [MINING DISTRICT]:
Some potential implications:
[1] Has the state miner, Gecamines gone over the RRR MUSONI CENTRAL JV to check as well , in light of Zijin's latest news out today re: "extreme radiation" from cobalt @Zijin, COMMUS, Musoni South? Why? RRR Musoni Central is ABOVE Zijin Commus.
[2] Has RRR's JV partner, VUP heard the latest news all over the place now about |Zijin, the immediate neighbour at Musoni, DRC Mining Distrist.? Has Gecamines CONTACTED VUP, RRR JV partner in the DRC?
[3] It will be shortly reported in the MINING WEEKLY etc as the mining world will want to know. SO, RRR --------WILL BE ON INTEREST, hence why Mining Weekly REPORTS ON RRR DRC but no on their other projects. SO, ALL EYES WILL BE ON DRC MUSONI MINING DISTRICT SINCE TWO MAJORS ARE EXPORTING -----------C O P P E R --------rising prices and going into or is in SUPPLY DEFICIT.
[4] How will it affect GLENCORE @KCC KAMOTO, DRC SUBSIDIARY WHO IN TOTAL WITH RRR'S CENTRAL MUSONI IS THE LARGEST PLAYER AND MINER IN MUSONI , barring Zijin.
[5] Given it is "Extreme Radiation" and Gecamine has STOPPED EXPORTS and DONE A RECALL, is it going to be CHECKS FROMN GLENCORE'S 3 BIG LICENCES AS WELL which includes RRR's JV Central Musoni?
[6] Will Gecamines CHECK GLENCORE'S EXPORT OF COPPER AS WELL since it is coming from the MUSONI 3 LICENCES DISTRICT?
[7] Will Gecamines FIND the same "extreme radiation" on RRR's JV CENTRAL MUSONI which on the 24.1.24 map has NO REPORTS of such radiation as at 24.1.24 but GLENCORE has at the NORTH OF MUSONI ie reports of contamination.
[8] IF RRR'S CENTRAL MUSONI JV HAS NO CONTAMINATION IE EXTREME RADIATION LIKE ZIJIN'S SOUTHERN COMMUS MUSONI [RRR's JV sits abutting Zijin and Glencore @Central Musoni], then WHAT ARE THE IMPLICATIONS.
[9] Is Glencore duty bound to now report in the next accounts and what treatment is going to be reported ie impairment or reserves for impairment. HOW DOES IT AFFECT GLENCORE'S COPPER EXPORTS FROM DRC of which some will be coming from the RRR JV MUSONI [CENTRAL PART].
[10]-----------------ALL EYES WILL BE ON MUSONI NOW GIVEN IT IS A BIG EXPORTER OF DRC COPPER @COPPER MINING DISTRICT.----------------RRR JV WILL BE NOW ON THE MAP AND HIGHLIGHTED LOL. Not something that others will like?
-----------WILL GECAMINES NOW FAST TRACK THE $10M DRAFT AWARD IE ASK JUDGE TO GIVE THE RULING NOW THAT THER EIS AGREEMENT ? DRC MINISTERS SHOULD NOW BE IN OFFICE AND DECISIONS CAN BE TAKEN.
--------------IT IS NOW GETTING STICKY GIVEN THE WIDE PUBLICITY BLOOMS HAS GIVEN 10 HRS AGO RE ZIJIN MUSONI.---------NOW WELCOMED PUBLICITY FOR THE 2 MAJORS. RRR MAY HAVE TO REPORT TO SHAREHOLDERS be it RNS@Reach or RNS given the pending litigation outcome. How will now affect the litigation with the PUBLICITY OF MUSONI ON THE WORLD MINING MAP for major copper exports etc.? Getting interesting. Mr Bell, Chairman of RRR, over to you.
ANYTHING THAT AFFECTS MINING INCOME HAS TO BE REPORT