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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.

He was quite strongly challenged in the question and gave an assertive reply. I have heard an Executive Chairman with a gold asset talk about how nuggety gold can be like gold mining in Canada there is (paraphrasing and interpreting...) less continual gold via a consistent seam but sometimes very high grade nuggets, more patchey but if there is enough high grade nuggets, things can work well. Think RRR will have been content with what POW CEO said at 25 minutes and wouldn't have minded overall. POW meanwhile focusing on their interpretation of what they consider to be their core assets, while managing the balance sheet.

News - whether intended or otherwise I took holes as a joke, seeing the funny side - never read holds!

Banburyboy - sticking to yhe mining sector, there are mining companies and including royalties that are doing fine in Africa. Unfair to denigrate the whole continent and doing so is not decisive as part of a negative context of your criticism of RRR or a consistent poster / supporter.

That said, I remain agnostic with a natural appreciation for positive posters. Always good to consider both sides of a debate...

There have been some good times in the past with RRR. What the future holds I don't know. I respect the work Johnson and Bell did helping Grreatland Gold restructure, think they went from zero and bits to approximately 2.5p, then after moving on Greatland made world class discovery and went as had been said to near 40p at its biggest peak up till now.

I once read in Simply Wall Street that many years ago Bell was a specialist fund manager with Morgan Grenfell and if I interpreted correctly, was the most successful one in his sector for several years. So whatever people's frustrations or motivations, I think he still deserves some respect. I respect him quite a lot.

No beef with anyone else though, in fact I just had a nice sweet and sour chicken and chips / Chinese takeaway.

Thanks and have a good weekend...

News, regarding Greenland I was thinking principally of graphite, though am aware of a couple of other bits and pieces. I am regarding that the technology of searching has improved and guessing the technology to extract has improved though appreciate those aren't the only ingredients when deciding and assessing what to extract, what not to.

Appreciate this is late but thought it would be too out of sequence tomorrow and expect I will sleep in.

Banburyboy, just as a thought experiment let's imagine there was a lender to a junior stock who also had some warrants. If the company went bust he might have the value of his loan protected, it's not guaranteed - particularly if the company had absolutely no value to its' assets left. If the lender had warrants he would have opportunity to do well if the stock appreciated in value. It there was any possibility of his loan being converted to shares - the lender could do well if the stock appreciated in value. Even if the lender was in a potentially protected position compared to a lot of shareholders, he may have the best opportunity of returns when other shareholders also have a similar opportunity to realise a return.

Sometimes a lender may or may not also hold warrants, may or may not also hold shares but I guess even if he is more protected than the bulk of shareholders, the safest way for his loan to be repaid seems to me for a company to do well.