The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Content to wait for further update on it which night be more definitive or of course anyone interested in this matter could just email the company.
Regarding a small UK company with a mining interest, this might be commercial for a Government that might otherwise possibly be discounting if the country of another miner is providing security so some diversification of deals might be beneficial.
Regarding very sad mortalities due to armed conflicts and disputes, multiple primary sources if possible builds confidence in reported details. In another part of the world even a very reputable organisation has been wrong on occasion. I've usually got an open but not malleable mind while acknowledging respect needs to be maintained for serious matters.
It is also interesting that RRR have been investing in Burkina Faso since 2008 and as two licences have been on the website / detailed for some time I am assuming they are on the basis of 10% equity to BF Government plus royalty. I'm not keeping up with the minutia all the time but if there have been more since the announcement of increase they would be subject to that, that's how I read it, either percentage seems reasonable to me.
They say mining is about relationships so if Bell gets along okay with people there that is good. Agree with you that BF Government may not be that exclusory to alternative geopolitical players but don't think they will have a problem with all UK companies.
Regarding the earlier commented "quantum of risk" element: if the gold is near surface and the potential number of wash plants become actual and suitably increase, it's not that difficult to imagine a quantum of revenue.
Appreciate even a little revenue within AimDogs timeline (plus including in to the summer) would be nice, meaningful informstion as to the start of revenue would be nice. Am not expecting that yet...
Sight delays / complications (even if it's just getting the right equipment in good time and making sure enough staff are ready) as juniors try to start production are common, hopefully RRR is on the right track.
Had a quick fish around on the company website, so the 10% is Burkin Faso Government share of equity agreed as part of the licence agreement so a known fact for Red Rock Resources, Burkina Faso Government would also benefit from a 5% royalty in the event of production. I have seen junior oil and gas stocks where the relevant Government also benefits from a percentage of potential production, so seems fairly normal to me.
Think the "20kilo gold" was meant illustratively rather than literally and I read it as such - to demonstrate different rules for bigger production.
Regarding "10% equity share" to the Burkina Faso Government, if that is the same as a royalty I read about some time... previously - if it is the same amount, that is not a reason to change RRR's attitude - they might have already published it via RNS - where I have definitely read about royalty to BF' Government in the event of successful production. The information on royalty as part of prospective agreement will be somewhere in a previous RNS. Alternatively the company could clarify if anyone wanted to email them or perhaps someone more knowledgeable than me will add a quick comment.
Cheers for now...
Thanks for the clarification, Helpful. If a permit is not required for the earliest small scale gold production then I think bears, bulls and middle enthusiasm investors should keep an open mind on this.
Any gold production in the near term would be quite exciting for some, some will still criticise but if if it sold, money is money, scaling up will take time regulatory hurdles take time but during such phases some good mining work / assessment can still get done - ready - hopefully to market.
Thank you for your contributions...
Permit pending or not, the decent grades have not gone away... Good reason fod a permit?
Err... it's still not a recommendation. : )
Accidental recommendarotion to one of Santiaggo's comments, apologies to consistent Boil holders - missed "the dip"!
Mind you, if we're going to walk this along, sometimes you've got to walk down a smaller hill before going up a bigger one!
As the old saying goes, "you've got to start somewhere".
Looking forward to finding out where!
Not in a rush...
Appreciate everyone has different time horizons and patience is not the same as just allowing Zeno's paradox to become real. On the other hand, there is the legend of Milo who was said to carry a calf each day, as he walked, until it became a bull. Afterwards he could probably carry half the farm and tell a good story afterwards.
Let's hope Bell can Rock...
Banburyboy, the initial reading of the share allocation possibly seems large and as I'm in not a mathematician, I'm not goin to try and break it down but think it should it be remembered that the allocation is being shared between employees.
Think it works as two free shares for every one share bought by the individual employees. The shares are set aside at the start and then on a monthly salary basis each employee participating, will have a portion of his salary deducted and will be provided two thirds more in keeping with the scheme. This would be up to a maximum of £1800 annual subscription by employee matched by £3600 contribution by the emoyer, enabled by UK Government SIP share incentive plan.
I presume workers who participate would generally have some sort of positive attitude to the companies they work for, which they would thereby part own.
That seems very fair enough Maidit308, expressing hope and acknowledging it as such... is neither delusional or unreasonable. In general, if optimism can be balanced by dome wariness, if a positive attitude can be balanced by some stoicism, then maybe hills will not seem like mountains and flat terrain can be interesting.
Have a good evening...
Copl was geologically interesting from what I was aware even if the management may have got into a tricky situation. It is the job of the administrators to see what can be rescued of value, though I don't know how optimistic a good outcome of that is.
Dickens was the son of a debtor, if memory serves me correct he always had a worry about money. His experience of childhood poverty informed his empathetic writing about those struggling for money. Obviously he became a wealthy or well renumerated but the ambitious speaking / performing tour of America as a mature man hastened his decline in health and probably hastened his mortality. The great and the good make mistakes just like the rest of us and I'm not even saying the reading tour of America was a mistake but just that he pushed it, drained his energy too much. Point being: all of us make errors of judgement sometimes.
Anyway, I think the convict from Great Expectations, who went to Australia - did well!
AimDogs, Helpful - one accidental recommendation on this post, think the screen moved - apologies.
I think he is referring back to a previous time to draw attention to what he may consider to be an echo. Involving some different materials this time - though maybe a rhyme with the manganese? That time... was probably quite good, is this time quite gold?
I think Maidit, there are enough people who share the attitude of your closing remark i.e. enough curiosity to currently keep the price stable. Like Heplful has said, it ain't done till it is done (same goes for anything) so I agree, "we will see" and it is with News that time will tell. : )
Yep, Malcy's comments make interesting reading, like his enthusiasm and am also going to correct myself from earlier - looks like consolidation will likely be June / July approximately... and as said, the investment can only go through when the share price has been consolidated x50... with the inverse happening to the number of shares, that is a good reason for the consolidation.
Understood... I like the fact that it is not just the directors but other workers who will be able to benefit from this, if there is genuine upside down the road, other travellers can also be happy.
"One of those mornings" maidit308, early in the new tax year and fairly normal for a company to renew a Government regulated share incentive plan for its'employees, that specifically doesn't give any more yards to naysayers.
To be exact without any points or p's, I took it as 0.2p. There is likely to be consolidation next month for a good reason, so in that situation e.g if it was point 0.2p then 50 for 1 it would be 10p but of course it could be a little either way at that time, obviously though hoping for 20p at some point after consolidation wouldn't be so mathematically imaginative.
Whatever the near term future it has been good to read both of your posts.