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It is false to say "no history of getting anything over the line" the RRR annual report of 19th October 2012 regarding full year results up to 30th June 2012 shows profitable production from Combian gold and silver assets at a timecwhen the company either directly or through subsidiary had ultimate responsibility for that production, before the was later sold on.

If one chooses to exaggerate on the criticism, the criticism is weaker than actual disappointments from the past - which do not definitively determine the future now.

Banbury, in my opinion - you have no clue on the relationship with the company's nomad or why Reeach RNS are being used.

Regarding "Blue Air Resources" you continue to be economical with your outline, without pointing out the responses, I find the two guys clarifying the Telegram group interesting and better informed than the creator of that article, overall - he remains a good writer.

I can't see any "white gold" in the most recent photos, looks like there is some yellow stuff, over the next few weeks and months we might learn about what that is, an attractive photograph proves nothing yet other than there is some interesting visual stuff and it is reasonable for people who know much more than us to focus on that.

Well it's always possible to moderate one's spending habits, re-prioritorise, save more for something else in relation to personal circumstance and liquidity.

For those who can afford loads of hospitality, they will have more scope to choose whether it was worth averaging down or how they want to prioritise.

Think that'll do for snacks and meals, though still reasonably positive overall.

Cheers...

Banbury, I've already answered your question and have been following this company for about two and a half years which was why it was easy to find yesterday's interview as the range comment was like an echo of a memory.

Regarding leadership of the company, I respect their potential to see things through - that is for voters to decide. In my time following this company, last year was the tough one, before not too bad, hopefully this one starts a recovery.

Cheers...

Specinvestor99, I guess it comes down to how the contexts of comments are put and in relation to this forum it is for people to express opinion and thinking...

Regarding the three year old article, that was a good spot as I hadn't noticed the date but I don't think it matters as it was later on within a thread and was to back up some other points, it was from a strong commentator and the poster couldn't change when the remarks were said or the article was written.

I appreciate your greater knowledge regarding Canada regulations and imagine you will have a natural interest in mining companies.

I am a natural owl but do have to go now.

Cheers...

Fair point Maidit, I also noted RRR'S % ownership of the asset has increased sincec 2014 and there is more drilling to be done - which would require capital but could increase resource...

SpecInvestor99, a range bound comment wasn't too specific, unverifiable if it just refers to conversation but that interview is consistent with that type of conversation. We are allowed to generalise here but generalisations are just that and I expand generalisation in this context to include the thoughtful but non-specific.

Banbury, I am well recovered thank you - hope this company makes a good recovery as well...

Spec' and Babury, there is a Proctive Investors: 3 minutes 30 interview relating to the Red Rock Resources RNS of 7th January 2022.

I am paraphrasing and simplifying and not saying too much regarding measurements as don't want to mis-state or misinterpret as am not good on the technicalities.

Further down in the RNS it states estimated 723,000 ounces of metal gold content within 15.13 million tonnes - the 723,000 ounces is the gold that was estimated could be extracted on the available evidence.

Bell was saying in the intervierview that (am paraphrasing) you start open pit, as you go further down (believe he gave a sample measurement to support his thinking) there is higher grade - he finished the interview by stating his belief that although held back by capital constraint regarding extent of exploration "there's millions of ounces to be found".

Whatever the ultimate mineral resource... seems this is consistent enough with Helpful's multiple figure, it only refers to conversation, the logic behind Bell's belief may be valid but it is untested by evidence until the work is done.

I'm not stating my belief on likey resource that will be discovered, just that Helpful's memory of what Bell said is consistent enough, with the closing remarks from the interview of 07/01/22.

Cheers...

No worries Helpful...

I was just clarifying the website was up to date and what the most recent RNS was saying in relation to the comments on koz's from two other posters.

Appreciate there are subtleties involved and these things aren't set in stone, so to speak. 1.2million ounces is better than 700 and 4 million is better still, 723 koz's seems to me, decent enough - 1 million plus quite nice at today's gold price. Sometimes more can be revealed in the discovery phase which of course requires time and enterprise.

Thanks

Helpful, seeing as you are on the forum at the moment...

I was reading Zumore's and Banbury's posts regarding the lithium licence, and the citation of an RNS from July 2023 (think it was) seemed as a way of covering the bases - if the lithium licence was not renewed it would be transferred (might still be renewed).

In general terms and with your greater overall knowledge thought I would ask you does a transfer just normally mean a transfer of responsibility and for example: non-payment for transfer if there was non-renewal, looking for answer in general terms please couldn't find any decent information from Internet search.

On another note - respecting the other commodities but tin is interesting for its' industrial applications e.g. it works as a solder which I think can apply to electric vehicle batteries and it is relevant to robotics.

Examples of a natural overlap between tin and lithium might be in parts of Africa but also parts of England so those sort of mentions are always of some interest for those who find commodities and geological... industrial history interesting.

Found it... 6th March 2024 DRC and Gold Assets update...

Kenyan Gold Asset: 723,000 oz and aiming for 1 million plus ounces on renewal of licence.

14th November 2023 RNS Asset Review and Curent Developments also corresponds ro 723000 oz for said asset. Cannot find the other RNS regarding aiming for further renewal of license.

723 koz regarding Migori on the website... not 723!

Looks like the website says 723 oz at the moment..

Did see a recent RNS correlating to that but when licences reaplied for - hoping to get it back over a million, that was very recent search - just not managing to recall it just now..

Thing is Banbury, it might feel like "15 years of abject failure" but clearly it is not. Both News and I have given different examples of upside / success in that time whether by working a creditable source or using historical evidence.

I'll agree the comparatively very good days were a long time ago - there may have been some decent days since as well as downsides - some quite serious but to claim 15 years or more of continual negativity regarding the company's performance seems to be an unbalanced summary.

I am having to rewrite this seeing as predictive text might have disrupted again so I need to correct dates.

Apologies for repetition...

Regarding the comment from Banbury that nothing has ever been brought into production...

RRR interview with Proactive Investors 22nd July 2010 regarding quickly going into production for Columbia precious metals - not waiting around for extensive and costly reports, small junior choosing to monetise asset quickly is worth a re-visit as it shows a strategy not too dissimilar to now where they were confident for an area that had previously produced.

Full year annual report dated 19th October 2012 showed decent small scale production, revenue and profit for gold and silver. The strategy was well realised.

I think RRR are going to try and make a similar play again with the current asset of focus and if successful, it would be a good example of how junior miners have scope to improvise.

Additionally, I fully accept that Jupiter was the company's most successfully realised asset but it is absolutely the case that the company has brought an asset into profitable production - admittedly more than five years ago, hopefully within five years... we'll remember something else as well.

Banbury regarding "that one project that has alluded him" you have ignored previous gold and silver production from Coulumbia when the asset was wholly owned by RRR.

The YouTube interview from 22nd July 2012 and the annual report from 19th October 2019 is a good sample / summary of hope meeting product including revenue and profit.

It is worth noting from the interview - they weren't hanging around for detailed and costly reports but getting on with it to bring in cash, confidant in the previous production and what was still there. The current asset is at surface and has, according to communications, had recent unlicensed mining which suggests confidence and a repeat of a similar strategy to what has worked before - doesn't guarantee success but does show the ability of a junior mining company to be able to improvise.

Accidental recommendation instead of pressing reply.

I tend not to correct such things now e.g. if screen suddenly moves but because it refers to a possible tragedy, I withdraw it.

Good that the son became a geologist and wants to do it the right way. The scarcity of gold is part of what attracts the attention of some monetarists, investors and hopeful geologists.

More for Banbury... regarding April 19th due diligence re. New Ballarat... it also implied a potential for flexibility regarding the deadline in the RR RNS 13th May 2024.

The payments in shares are staggered and we don't know what the company share price will be at any of those stages.

Even if it wasn't to go through, RRR still have 50.1% of of the asset if nothing else changes and both companies seem to have a good relationship...

On a lighter note reading through that has used my brain up so will have to have some toast and tea, then get out and about.

Cheers..

Regarding Elemrntal Altus... the family fund who is backing them is an Egyption one, known in the gold space, from the Altus side... the company retained the royalty that had previously been announced in the then shared gold interest by RRR and POW by RNS, the brak in paragraph on previous post regarding strategies was just a typo not for extra emphasis.

Cheers...

No Banbury, Altus Strategies - going from YouTube mmemory, I believe it was 2008, had a merger of equals and is now part of Elemental Altus... Canadian listed. Altus' concentration (not exclusive) concentration of focus was considered original but interesting opportunity by the interviewer who was actually very enthusiastic without gushing or naive when interviewing the two founders of that company.

Other companies - not royalties sometimes have smaller or even just one concentration of asstet(s) in Africa (within the mning industry) some focus

on Africa is a valid strategy amongst valid strategies...

Each mining company will assess their own risk profile and jurisdictional risk, growth opportunities, geopolitics needs of the economy and so forth.