Member Info for specinvestor99

Theeduke -interesting points

1- Kenya there is a legal obligation to renew. RRRs debt has not prevented prior license renewal so there is no reason to think it would now

However the higher gold price means more local miners will want the land. On the plus side RRR has litigated the license renewal issue before and won so I doubt the Kenyan government will want a repeat

2-RRAL If a JV or IPO included paying POW any remaining debt owed then this is a non issue. It seems clear to me that POW has demonstrated patience on receiving payment so I doubt this would be an issue

Theeeduke I disasgree that's DRC or bust. While that cash would be an easy way to pay off the existing debt. There are two other achievable options which is do a deal on either Kenya (pending license renewal) or do a deal on RRAl

the other mining licenses also create opportunities for more deals.

IMO this new deal on top of selling the El Limon royalty further reduces the risk. great risk to reward relatiionship

the tide has turned

WTF is going on? where is AB? where is the promised news?

B3 AB will have to spin a bigger story than the housing project which after all is a year old and getting stale

AB where is the IC deal? News on gold property? anything during record high gold prices

See

"Investor litigation on the rise in the UK"

https://www.stewartslaw.com/news/investor-litigation-on-the-rise-in-the-uk-keith-thomas-speaks-to-the-financial-times

DYOR

Great point!!! lets see some likes on this post!!!

Come RRR issue some thing that says the company has gold assets

IMO RRR's share price would gain more traction if news were released twice a month. Even if nothing material has actually happened RRR could least say that they are still working on something.

Even it is waiting for a response from IC buyers, or waiting for Kenya licenses to be renewed, waiting for DRC Supreme Court publication of a decision.

shareholders get nervous and new buyers want more frequent news

I also read where the AIM market might open up to Canada and USA, if true, this could add more liquidity and also be worth commenting on by RRR

BB I agree it takes a brave soul to buy an asset in that country however it takes a brave to be in the mineral exploration business.

In that

BB you posted "feedback from AGM FASO not a good place for business"

Q Were you at the AGM? I thought you posted previously that you were not there

Q Who said this? I doubt that it was AB since he directed RRR to do business there.

I would agree that FASO would be a difficult place to do business. I also previously posted years ago that I thought doing business in multiple countries was not a good idea. Fastforward to day with much higher gold prices AB looks like a genius.

Now can he do a deal on that property? Time for RRR to get the reward for the risk IMO

B3 As I previously the market to fund junior mining companies has only recently turned positive. Until juniors get funded there was no company that RRR could do a deal with. However that is changing, the proof will come with RRR can close a deal on Ivory Coast. RRAL, too will be easier to do a JV or IPO, particularly in Australia where the market is active and RRAL now has only one shareholder

The bottom line-the market has turned and RRR (IMO) has great potential. The difference between us is you look back and see no results whereas I look forward and see potential. IMO the RRR share price hit bottom and the turn upward began with the sale of the royalty. Lots more to do before the share price really takes off so of course there is risk

AimDogs- A seller always looks for and starts at a high price. The buyer always wants a lower price. Helpful calculated the $2.2 figure using a 10% discount factor with production starting right away, From decades of working in corporate environment I can tell we look for a minimum of 20%

Soma's projects prior to the strike was a six (6) start up phrase before reaching full mill capacity, this further reduces the discounted cash flow basis

Look at the 3rd party broker report on RRR which valued the royalty at $900,000.

I am not disputed that AB may have told people the $2.2 figure but there was no way he was going to people a lower number and use that as starting point for discussions with Soma. I suspect AB was telling people the same thing he was telling Soma and then Soma would have explained their rationale for their valuation.

In 20/20 hindsight with the strike the price for the royalty looks even better.

Nike re RRAL valuation if RRR;s 50.1% was worth L15 million when gold was $2,000 then today it has to be worth at least 4 x, probably even more since the profit per ounce would have more than doubled-- call it 6x or 90 MILLION POUNDS!!!!!

BTW that report was pretty accurate on the value of the El Limon royalty so it adds to their credibility of the RRAL value

B3 I agree that RRR has missed on future forecast as well as taken apparent liberties with pictures, however I do believe RRR is correct in adding an s to the word payment means multiple payments. However ultimately it comes down to this--Will RRR make a sale?

I believe they can

Higher gold prices are positive because more money flows into junior companies, which now in turn have the ability to fund a deal on one of RRR's property.. This is why RRR had mutliple interest parties in a Ivory Coast license, so much so that RRR received mutliple payments for exclusivity

It does take time to do deals. IMO RRR should be issuing a RNS every 2 week on the status of whats going.

Robins re "can we really trust the man?" Investing is typically not a group decision but an individual decision. If dont trust him or dont believe in the potential then that person does not invest or they would have sold their shares. I suspect that is one reason which contributed to the drop in the share price. Now with the large cash infusion some or limited trust has been restored. The share price with a modest share price improved is looking for more

Banbury- again I understand your points about historical financial results, high debt levels, high interest rates etc. However IMO no one invests in a mineral exploration stock solely based on financials. Mostly IMO it is about potential An exploration company with no properties or properties with no potential is basically valued as a shell company plus the value of its cash since there is no "blue sky' potential.

People are not buying or holding RRR based on what it is today but what it could be in the future. IMO this is also true with any other gold exploration stock.

Look no further than RRR's neighbor. Southern Cross, in Australia which has a billion dollar market cap. It got there by lots of drilling work, Courld RRR get there? It needs to do something on its property, maybe a JV but most likely an IPO. If done then how much value does that create for RRR

I see the potential that you don't it. That''s OK The market is always comprised of the opposing forces of buyers and sellers which is ever changing. The result is either a rising or declining share price. RRR must do more but IMO the tide has turned and the catalyst was the one million pound cash received,

Stayed at hotel (he did not buy it)

Banbury boy you wrote in part "The reality is in the last four years they have not acquired gold properties. They do not depreciate assets "

1) no gold properties in last 4 years-wrong- Burkina Faso and Ivory Coast licenses were granted

2) mining license are not depreciable assets like a building or equipment No machinery anywhere because nothing is in production. When equipment is needed it is rented. Clearly people have been to site. how did they get there? Answer -they rented a vehicle, most certaintly they did not walk.

AB has been to DRC numberous times- He did buy a plane but he bought a plane ticket. Upon arrival at the airport he rented car, taxi or was picked up. AB did not buy a car. He stayed at hote

AimDogs- yes I was critical of RRR buying lots of gold properties and increasing debt as I believe it was too risky.

Since then the gold price has doubled and that risk has paid off. So with 20/20 hindsight AB/RRR were right and I was wrong.

There still lots to with DRC, RRAL etc . RRR will complete an audit, no risk of delisting, cheap shares being sold to survive. There are still risks but IMO risks have been reduced and more than offset by the tremendous upside