Member Info for news

------"Southern Cross digs DEEPER at HISTORIC site."- Australian Mining, 3 hrs ago, Thur, 5.9.24-------

"The expanding Sunday Creek system coupled with the 60km of diamond drilling planned over the next yr means we are well on our way to meet our AIM to -------- D O U B L E the S I Z E of the Sunday Creek Exploration target, Southern Cross Gold MD, Michael Hudson said." https://www.australianmining.com.au/southern-cross-digs-deeper-at-historic-site/

Comment: Helpful - I mentioned SXG has to INCREASE the size of their exploration target to justify a continuing mkt cap upwards. So, the earlier exploration potential target was 3moz gold , now it is 6 moz gold [recall it was 10g/t au potential target.]

Ah, so, THEEEEDUKE- ya friends have found you on this forum and telling you NOT to bother with AIM co's. LoL , so your interest on RRR is a BULLISH one but sound bearish? Secret uncovered by your pal isnt it? LoL. Wondering.

---------What set RRR 100% Kilmore alight?--------------

It was just days BEFORE RRR signed the agreement to close the purchase of 49.9% Kilmore from PoW. That was exactly when SXG revealed in an RNS that mineralisation is going -----------------" W E S T "----------and that is towards

RRR 100% Kilmore boundary. That set DL and RRR alight and the new GEO MAP of RRR 100% Kilmore was commissioned and showed the DYKES. RRR also CONFIRMED the GOLDEN DYKE "EXTENDS" into RRR Kilmore.

Last night's SXG Ann further confirmed that MINERALISATION IS MOVING ------WEST-----& SXG Christina is the closest to RRR Kilmore and RISING SUN the next deposit from Christina.

SXG also emphasised that GOLD was found "BENEATH" the HISTORIC SUNDAY CREEK GOLD MINE. Same as with RRR KILMORE when POW found the old historic mine at DONNYBROOK gold fields with 120g/t gold average. SXG stated it is a RE-DISCOVERY. RRR : KILMORE was the 1st historic gold mining town and when gold ran out, they went to Sunday Creek now owned by SXG. I pulled out Victorian records of Kilmore and it would appear Victorian miners said Kilmore was 1 of the colony's richest gold fields. Have a look - its on Twitter and tweeted to DL etc. DYOR. NIA. 5.9.24.

Ya said yourself about G.C.

I dont think there is any need to look further , do you..?

LoL.

Today, one awaits DRC, Faso & Australia isnt it?

I just looked it up:

"RRR: KANSAI Completion of purchase."-Financial Times, 1 Mar 2021.

It is about the "conditional Issue of shares and warrants to completion of purchase."

Re: Mikei Gold, Kenya.

P.S. Kindly read the full Dr Ryan Long note. He boils it all down to gold as an example so that it is easy to understand. The price of ZINC appears to be HIGHER than gold!!!.

Https://x.com/DrRyanDLong/status/1831619180585460139 5.9.24

"Exceptional Drilling Update; Zinc prices at US$2,846/t vs gold at US$2,488/oz. Can you find a listed co that has defined 1.6moz gold LESS THAN 400M FROM SURFACE, at a gold equivalent grade of 3.9g/t gold with a MKT CAP OF £6M. I DONT THINK SO.

Drilling to date has tested 2.1KM OF STRIKE LENGTH and an ADDITIONAL 5.5KM WITH KNOWN ZINC OCCURENCES HAS YET TO BE EXPLORED. Dr Long gives the details of drills in the 1980 results - see details. Highlighting the POTENTIAL OF MOLAOI TO CONTINUE TO GROW in SCALE with additional exploration."

Note: Dr Ryan Long is a Mining Analyst and I recall he was the Head of Edison Research in the past but now he has set up his own firm.?

Helpful

The Christina historic mine is even closer to the boundary of RRR Kilmore.

It is a bit further than Rising Sun, the closer deposit to the boundary of RRR Kilmore.

Banburyboy: No, News is NOT a "dreamer." It is the assets ya know.

Https://hotcopper.com.au/asx/sxg/ 5.9.24

"Discovers 135m wide Gold-Antimony zone below Golden Dyke.

3td LARGE MINERALISED body BENEATH prolific HISTORIC mine at SUNDAY CREEK ------located 260m & 600m

W E S T respectively of RISING Sun & Apollo."

Ann from Southern Cross just out in Australia. NOTE: "Located 260m W E S T of RISING SUN."

The Southern Cross Gold , ASX [SXG] Sunday Creek gold and antimony project in Victoria, Australia --------W E S T ---of Rising Sun project, Sunday Creek is to >>>..RRR 100% KILMORE next door.

So, WEST is to the boundary of RRR's 100% Kilmore. SXG's APOLLO project is further East and RISING SUN is the closer deposit to RRR's boundary at Kilmore.

Typo: Link again. https://x.com/UKInvestorMAG/status/1831287783345811523 4.9.24 ["Allenby estimate of fair value at 2.6p"].

P.S. In the Paul Johnson Out of the Ground podcast about Rockfire Resources below, Paul gave the current prices of germanium and zinc etc. Have a listen.

From the "Out of the Ground" podcast, 4.9.24 from Paul Johnson of GGP fame.

https://x.com/pauljohnson9691/status/1831333447379386782 4.9.24

Quote:

"500% increase in resource JORC.

Zinc In Situ US$4.3 BILLION.

Germanium in theory US$389 MILLION.

---------US$4.7 BILLION VS £5M MKT CAP." [Rockfire Resources]

"ABSOLUTE CRACKER. Market missed it. Summer doldrums.

Opportunity to the fore. Multi-bagger potential."

Link: https://x. com/UKInvestorMAG/status/1831287783345811523 UK Investor Magazine, 4.9.24

"Rockfire Resources has increased the size of the resource at the Molaio Zinc Lead Silver Germanium deposit in Greece by 500%. The JORC 2012 Compliant Mineral Resource estimate is 15m tonnes at the av grade of 9.6% equiv. ALLENBY estimates that it is 1 OF THE WORLD'S TOP 20 UNDEVELOPED zinc prospects. There is also 4.8mt of GERMANIUM. There are HIGH RECOVERY rates. ONLY 2.1KM of the 7KM POTENTIAL STRIKE has been tested so far. ALLENBY ESTIMATES A FAIR VALUE OF 2.6P/share. The share price is 1/4 higher at 0.225p."

If you look at what RRR stated on Twitter, they said something akin to , they are a GOLD EXPLORATION co etc.

So, hence RRR tweeted about gold. That is well known.

I CONFIRM that I have NOT IMPLIED anything about any of RRR gold projects but the one that is of interest is RRAL because of the Tier 1 jurisdiction.

PLACING: History now shows us that thankfully, RRR has not gone down the normal PLACING ROAD. Why? IF, it did, then every placing in recent times had discounts of even 40%-45% which would have meant down ward spiral or what is known as waterfall effect isnt it? So, the conversion etc was with HNW with a baseline price. Hence, co's now look for

HNW as it is more steady than pi's as well known?

There was absolutely NO suggestion but the forthcoming news about RRAL will be of interest and given all the recent RRR RNS is about FASO, DRC and RRAL Australia, that is of interest. SHANTA - to compare Shanta is NOT standard analyst methodology. Why? Shanta operates not in a Tier 1 jurisdiction and discount is normal and there is more to it given the header I quoted below. The Yahoo Finance article just out 5 hrs ago stated: "STRUGGLING EAST AFRICAN MINER..." [Ref: "Shanta Gold latest co to leave LONDON MARKETS."

RRAL - no one knows whether it is a "SHELL", buyout , JV etc given NDA's were signed. But for now, the RRR DRC comes to the fore and one awaits news. Not difficult to understand isnt it? Nothing to go to and fro about is there?

Chairman Bell hasnt tweeted now for 21 hrs.

Not sure where he is at the moment.

Getting close now to hopefully an update on DRC.

He last tweeted DRC on 3 Sep 2024 saying Air France sent his bags 2 days upon arrival.

Note: Not going into Shanta Gold takeover - that is too long a story to check out because all takeovers have reasons.

We, in this RRR forum are going FORWARD not backwards ie posting about past - everything is now reaching a pivotal stage. I am concentrating on next update. Wed, 4 Sep 2024.

Refer to : "Shanta's Gold latest co to leave London's markets after $142m buyout."-Yahoo Finance, 20.12.23

Quote: "The OFFER comes after gold spiked to an ALL -time high of US$2,135 two weeks ago..."

"Header in the article: Struggling EAST AFRICAN gold miner."

Comment: RRR 100% Kilmore is in Victoria, Australia, a TIER 1 JURISDICTION, so different isnt it?

Also, gold was Us$2,135, today Us$2,503.

Gold price.

In the matrix of any M & A to come , even if IPO, it will come into the mix.

See FQ Note on RRR of 19.1.23.

Standard methodology for all stocks.

IF it were a NORMAL PLACING , then it would be at a discount as seen with other AIM shares.

So, HISTORY now that HNW are the financiers isnt it?

Nothing to disagree with as that is history now.

They were converted at a baseline price [see RNS].

LoL. Wed, 4 Sep 2024.

Now, US$2,493.

To make it simple:

You and I, the ordinary folks were NOT asked to buy any RRR shares.

That is HISTORY now.

The HNW put up the money isnt it?

Pivotal moment for RRR with potential update from DRC isnt it? Wed, 4 Sep 2024.

With due respect, how can anyone not understand what a placing is ie to the Joe Public/Jane Public?

Placing is the ordinary terminology isnt it?

In the old days, it used to be also called rights issue as well ? I recall seeing one recently in the UK.

-----------------------RRR AGM 16 Feb 2024 todate-NO PLACING----------------

[1] So, NO placing todate ie 7 months now.

[2] LoL, all the commentators cant explain why despite 7 months of posting & chatter.

[3] DRC now looms ie update/news re: potential Arbitration Award.

[4] NO knows what the "finalisation meeting " in DRC pertains to 100% [no one privy].

[5] Either way, IF selling and price DOWN or IF buying & price up by say technical 25%, RNS has to be issued ie reason, isnt it?

[6] Where is Chairman Bell now? Bell tweeted on 3 Sep 2024 and said Air France sent his bags 2 days after arrival?

[7] Waiting.

News, Wed, 4 Sep 2024 @4:10. DYOR. NIA.