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I will put it in another way. Be it whatever the situation, it is clear from the DRC arbitration award earlier of the $5m relating to the VUP, it has established the RRR rights as per the latest RRR RNS/s.
That said, it is the defendant/s that will then matter in the next stage to come. If so, then the state para company seems to be the most obvious first defendant but it was not clear in the Clear Capital Broker note on RRR. Any ideas? Thanks.
I think this is something that has to be enlightened upon as we wait [holders].
Right.
So, further to the situation of RRR/DRC, it then goes to follow if there was/ is a mining register, RRR's name would be on it for Musoni or rather the JV Congo co. This is further to your earlier post on RRR/DRC vs Mr Poster on this forum who said this and that which contradicts Clear Capital broker note.
It would now appear that RRR would have to have been on the Cadastres or the JV co. This is the burning question that has been missed info and one to which RRR stated RNS/position is clear. Thanks.
Typo: was etc.
One last puzzle. Relating to the RRR Australia potential IPO, there now appears to be a pre-IPO $500,000 situation for drilling prior to IPO. That is fine at Berringa. How about Kilmore ? Or is this going to be SOLD , spun out etc?
Help
Relating to your post which is insightful, may I ask if at that time, there is a mining register.
For example, in Greenland, I could go to the Greenland Mining gov site and see ALL the mining licences by number and what type of projects ie iron etc. I can also see the STATUS of the licence eg Active etc. I can also see , on public file, the name of the licence holder and how long the licence last for. Holders used to check for one AIM stock , not RRR.
In this regard, I recall somewhere that in DRC, it was not available. Is that the case and has that changed now? Many of these countries still have paper filing. Thanks.
Meanwhile, things are moving in the commodity space. For the CASINO project, they have just raised $40m from $25m.
So, not surprising Recon Africa has a JV - this is of interest as Elephant Oil [RRR Investee also has a licence in Namibia].
Be it RRR or other explorers , things are now moving due to the improved climate.
IF RRR Australia can get $500k to do Pre-IPO drilling as postulated, then it will be HNW funding ? It is positive moving forward that the cycle is looking up with gold price in Shanghai smartly ahead of Comex at over US$2,400. Thur, 18.4.4.24
In general, gold was out of favour ie not the hottest precious metal at the time. Professor Conroy said a Russian telephoned him to offer him money etc. That was the last hot commodity period. Paul Johnson said so as well and tracked RRR and the 2010 commodity cycle. Professor Conroy also said that UNLESS gold hit US$2,000, it would be hard to proceed etc. Look at the Cascabel PFS and note the price of gold needed , copper and or silver. That is what bankers will need to see - in fact they want BFS. Now, that gold is hot again but with a different twist ie central bank buying [see RRR tweet with embedded article] , young chinese buying gold seeds, jewellery etc, the demand is there now [currently]. For this reason, quick START UP appears the order of the day, not the Tier 1 type that will need hundreds of millions/billion to start up. So, short , quick appears to be the order of the day to GET QUICK CASH FLOW in. DL's ASX co in a JV with an AIM co is also heading for that ie heap , leach etc. So, watch other co's to see. At Havieron, the folks on that forum can post their own RNS - Shaun is alive.!! LoL. Maybe, the new rules and all that gets folks even more hungry for news, any sort of news. Look at the link I gave about Gold Rush - watch that operation and look at the ore piled up. RRR Faso looks like some of the ore is piled up? But as Help said, some are rock etc for later. Thanks Help - Yes, I do recall Berringa.
Sorry , pressed send by accident via little finger.
or even ISA money ie money flows and all that. The flows have been rather specific as certain themes compete for investors money, even in the USA. Not difficult to understand as there is NO bottomless pit for money.
EXPLORATION CO'S:
On AIM, they have had many TOUGH years if one has NOT already noticed. Currently, MINERS DECK tracks top commodity and it is TIN. Copper is also hotting up due to supply deficit potentially. AIM exploration co's try to go into the commodity of the time & those OUT OF FAVOUR lag the commodity market. Right now, nickel is out ? Hence, RRR has been also following this typical pattern of exploration pattern. Have a look and STUDY each small AIM exploration co and one will find this trend. RRR has been mainly in GOLD and this was predicated by the GOLD PRICE and hence years of lagging interest etc. Now, the gold market has awaken and therefore, RRR is having to look for immediate cash flow as is some of the co's that have woken up. HELP explained about VICTORIA gold in Australia and this is the case in point. I also cited another ASX co that has licences in Cote d'Ivoire and FASO but is 10x less than Southern Cross Gold with the HOTTEST current Victoria gold licence @Sunday Creek. And it is 20x less if one grosses up the Southern Cross Gold mkt cap for 100% [Southern only owns 49% of Sunday Creek]. AH, INTERESTING THAT RRR AUSTRALIA WILL POTENTIALLY DO A PRE-IPO AND DRILL BEFORE IPO-------------WILL THAT BE FOR THE LICENCE CLOSER TO BALLARAT MINE [not in vogue] or for KILMORE, THE HOTTEST LICENCES OF RRR, NEXT DOOR TO SUNDAY CREEK AND WHERE MINERALISATION IS SAID TO EXTEND TO RRR/POW KILMORE THEN courtesy of P.Johnson, POW then.?? QUESTION-----QUESTION------QUESTION. THANK YOU. Not editing so pardon typos.
Sir,
You have NOT been watching the CROWD THEORY as the financial experts ie where the UK investment MONEY is flowing or has been flowing to. Crowd theory tracks the money flow. On HL, there are some basic stats as to where HL clients have been investing their money and or specifically IS
"Chairman A.Bell on Twitter: Just back from a one day trip to Kenya and already planning for a longer trip to Burkina Faso. And I so love the English Spring and I keep missing it." - Thur, 18 Apr 2024.
There are currently already 73 views, 2 likes and 2 re-tweets. Usually, some ask Chairman Bell question/s but none so far.
https://twitter.com/ABell2019/status/1780903008894632199
Red Rock Resources stock forum : Empty, not 1 post.
RRR Trades: 0
RRR Twitter: 0 tweet.
DL-Strategic Advisor to RRR:
Proactive UK covered his Aussie Co with more details. Targeting Kalgoorie gold project and to JORC potentially. So, DL is wide awake to the gold situation ie high prices and going to drill etc with an AIM co.
Me: Here LoL. Thur, 18 Apr 2024.
RRR's consultant, DL - an AIM co has just out an RNS today re: Gold project , 25km from Kalgoorie, Australia. DL's ASX co via a JV will spend $333,000 region to drill the target in the Northern Zone targeting a 2.5-4m+ moz approx and earning in. This AIM co's sp turned green and up.
Link: https://www.youtube.com/watch?v=6IKCV_GD4Wg
I couldnt find the earlier Parker and crew using an excavator etc to turn some $140,000 a week. But the latest video is interesting for those on here that are soofing? So, some general knowledge. If link is faulty, then type out the title into the search engine. Everything in the above video is not high tech stuff either? High tech as in some expensive operation etc?
This chap who posted the info on the other RRR stock forum posts on this site as well but has NOT done so for a little while.
However, most of the time, he has not been very positive. IF, he is hearing from somewhere, the only place is via a potential 3rd party ie blogs of some sort etc. Not sure, hence why I ran it past Help.
Thanks Maidit308 for your answer. Ah, it was at a POW presentation - I am not sure they mean £20m or A$20m, the latter of which is the MINIMUM mkt cap an Aussie IPO must be priced at. First Equity mentioned this as well. We need to await news on the A$ or £. Most private investors will think it is £20m because often it is NOT spelled out Australian $, US$ or £. NOT SURPRISING that some got the wrong idea ie POW investors that will NOT have a share in the new IPO.
Chatter on the other forum is that DL may be taking RRR Australia forward.]?
And the same chatter also said that DL's "valuation" is US$10m for Bilbale. It is on an open RRR forum, hence why I am posting it here to see if Help will confirm or it is just the poster's wrong hearing of the two subject matters.
Tues, 17.4.24. P.S. One can work out a "valuation" if one knows the OUTPUT, price sold etc. From revenue projections , it is quite easy to put forward a potential valuation ie how many times EBITDA etc. Quite standard.
NIA. DYOR. Wait to see what Help says.?
There is chatter at 21:50, 16.4.24 relating to RRR Bilbale relating to a "VALUATION"?? Please note the " " to the valuation. So, wondering if this is correct or not. Posting to run it past anyone who knows? Thanks. 17.4.24.
Some interesting chatter : There is interest in RRR Australia?
Meantime, SUNDAY CREEK'S OWNER, SXG rose again to A$2.31 , Mkt Cap :A$210m. LoL, after Shaw & Partners put out a price target of A$2.61 and initiation, the stock rises.
Since Mr Bell, Chairman of RRR Australia said the CPR is due after signature and that it is potentially out for an IPO, sale, JV etc. Whoever is potentially going to JV, IPO, sale etc, they are GOING TO OWN 1 OF THE HOTTEST gold exploration ground in Australia and evidenced by the MKT CAP of SXG who only own 49% of Sunday Creek, Victoria, Oz. Exploration target for Sunday Creek is only 1.6moz gold. Canadians are clamouring to buy SXG in Canada and dual listing has been RNS'ed. RRR AUSTRALIA: FOR ALL THE CRITICISM , RRR'S KILMORE, NEXT DOOR TO SUNDAY CREEK is a tremendous success. Kilmore was a MINING TOWN and when the gold RAN out, they went to SUNDAY CREEK. Paul Johnson commissioned work to find out if SUNDAY CREEK MINIERATION ===CONTINUES===INTO RRR/POW'S KILMORE. RESULT: APPEARS IT DOES eg DONNYBROOK WITH 200g/t gold vs Sunday Creek 199g/t gold. Helpful showed Sunday Creek's Mar 2024 presentation and the grades found have gone even higher. Sunday Creek --11km of strike potentially and SXG still drilling. Well, KILMORE was the 1st gold mining town BEFORE Sunday Creek and if BOTH were mining towns, how did co's not get in before RRR Australia ? Ah, Andrew Bell is or was an Australia and his Gramps was a Victoria miner. So, he knows how to get licences of interest and what a licence to have.
Https://twitter.com/oriental_ghost/1780502628511932463 17.4.24 [With screenshot of the prices for gold & silver].
Relevance|: RRR is a gold exploration co and has a JORC in Kenya of 1.2moz gold [licence in the process of being renewed], Bilbale & Victoria, Australia - all appear to be predicated upon the price of gold as that is the underlying precious metal.
1st post of the day.
Https://hotcopper.com.au/asx/sxg/
Southern Cross Gold [49% owner of Sunday Creek , Victoria, Australia , share price A$2.17, MKT CAP A$198.6M.
So, Shaw & Partners has just issued coverage and price target A$2.61. This just came out, Tues, 17.4.24.
Evening Maidit308. I have been OUT fixing my teeth. However, just before I went out, I noted the then NO 1 TOP RISER, a goldie with a market cap of £19.78m. Their RNS today announced the initial findings of a 3 hole drilling at Jennings-Pioneer in South Carolina. No details yet but it is supposed to be a gold-silver & copper project. Earlier, on 25 Mar 2024, a 4 hole drilling programme was done at their South African project - 1 hole missed but NO detailed assays either.
There is another Zimbabwe AIM co with a mkt cap of £13.71m Two hole results came out with 2.53m & 1.32m @29.08 g/t gold & 1.08g/t from 97m & 214m.
RRR: NONE of the above 2 co's have a GOLD RESOURCE DEFINED BY JORC. So, very early drilling and thus far, the above is left to the reader. RRR has a 1.2moz JORC gold deposit in Kenya and hopefully, we will hear an update as to the renewal of the licence.
RRR AUSTRALIA:
Some one on Hotcopper Southern Cross Gold said that the MKT CAP IS APPROACHING A$500m. Why? As I said, Southern Cross only owns 49% of SUNDAY CREEK, VICTORIA, OZ whilst the 51% is owned by the parent, Mawson of Canada. Southern Cross Gold's mkt cap is A$219m from the last time I checked.
So, RRR at KILMORE, the 1ST GOLD MINING TOWN before SUNDAY CREEK does appear to show promise given Paul Johnson's commissioning to see if the Sunday Creek mineralisation EXTENDS into RRR/POW Kilmore. It does at Donnycreek, Kilmore with 200g/t gold vs 199 g/t gold at Sunday Creek. Helpful posted the latest Mar 2024 presentation of Sunday Creek and higher gold grades have been found. DRILLING CONTINUES and A FUNDING ROUND JUST FINISHED FOR A$10M. NO RESOURCE STATEMENT YET EG JORCE. EXPLORTION TARGET 1.6MOZ.
QUESTION: AS WE HOLDERS AWAIT THE CPR AND SIGNATURE FOR RRR IPO [thanks to Maidit308 who gave the link to POW recent video interview in which the CEO said POW Australia-RRR Australia is HEADED for Oz IPO?]. IF SO, THEN , IT DOES NOT TAKE A GENUINE TO KNOW THAT FOR BOTH POW & RRR, KILMORE MAY BE --------potentially akin to Sunday Creek, and IF, it is so, proven by drilling, THE MARKET CAP will exceed ANYTHING on AIM for both co's.
However, RRR may have to CONSOLIDATE its portfolio and hopefully, they KEEP RRR AUSTRALIAN IPO. That is my view if it is potentially possible. CANADIANS WANT TO BUY INTO SOUTHERN CROSS GOLD due to demand and Southern Cross Gold will be dual listing shorting in Canada. Hope management will say something. DYOR, NIA. Tues, 16.4.24 @6:20pm, Stock Mkt Closed. IT IS ENCOURAGING THAT THE GOLD PRICE IS HOLDING - all goldies are in a better position with a good gold price , so watching the gold price is of relevance?