Member Info for specinvestor99

TDT major gold discovery -- I have no information on those assay results

I made the point because now RRR has cash, cash leads to work and that work can lead to potentially major gold discovery

TDT by all means you can include an admittedly worthless asset in your determination of the potential assets of RRR

Really what you are saying is that lithium the debacle eliminates any investment consideration for RRR for you at all. News of DRC cash, RRAL IPO or major gold discovery, etc. None of those possible events impact your thinking about RRR future share price

For you that one event is the singular event which must define RRR for all time

I understand but disagree.

Given your opinion what is your purpose on this board, is it to warn others

TrickyDicky2 I am sorry that you do not recognize the potential reward. I can understand that someone can place a low probability on reward but to not recognize it would only illustrate a lack of research and reading of the materials available

Nike agreed The trend is our friend. gold price keeps going higher. RRR share price is moving up.

Funds are now flowing into mining companies (at least in Canada) Historically the boom filters down to the junior companies last

Thank for your note on Banburyboy being 4 years on this board as opposed to almost 5 years on LSE stock forum. IMO anything over a one year is long term

Nike banburyboy has been here since Oct 13, 2020 which is pretty close to 5 years

RRR has been a bad performing stock for years which is easily proven by the historical share price.

The issue is RRR a good buy today IMO things have changed. RRR went into debt and bought lots of properties, mostly gold

The price of gold has gone up signficantly A big bet was place on gold and RRR got it right. Now is the time to realize some value and it starts with the sale of IC gold license IMO more will follow

The sale of the royalty was a turning point, You either see it and want to act or you dont The market for RRR has turned

H5O well said and I agree. RRR has received 1 million pounds so clearly it will survive The risk or fear mongering that audits will not get done, delisting etc are clearly no longer valid. Also gone is the constant need or fear new cheap shares being sold by RRR to survive.

The sale of IC will either happen with the existing party or someone will take their place. This is not instantaneous but represents more upside,

Cash in the bank also allows for pushing of Kenya license renewals

Clearly lots to do and lots of news to happen

This is really old news and there is no new information. For those who dont trust AB, you have made your points over and over again

IMO at this point posters and readers of this forum have already reached their own conclusions about this issue

I dont want to waste my time reading about it anymore. I would ask that you stop posting about this issue.

I suspect you keep writing about this topic to sway people's opinion on the shares and I understand that you have that right. However if that is your aim then I believe the constant harping on this topic is counter productive to your aim. If your aim is to merely be annoying that too is your right but I will exercise my right to block you so I dont have to read it anymore

I dont want to do that since I like reading different opinions but is my only option

Blueboy sorry keyboard issues

I agree with your sentiments. I think part of the problem is that AB has no prior knowledge of DRC arbitration and has to rely on local 'experts' who really are probably not that familiar with the process. Arbitration is not that common. What does this mean? There is little information available about the process and the steps involved from start to finish. Plus what is 'known' is probably flawed AB at the begging was overly optimistic and has been playing catch up ever since. On the plus side that arbitration process is what may have gotten RRR involved in the public/private partnership with a profitable mining operation to fund housing.

We can only hope

Blueboy I agree with your sentiments. I think part of the problem is that AB

Blueboy1975 sale of IC gold license. look at the more recent RNS made on Sept 22

Red Rock Chairman Andrew Bell comments: "The potential sale of certain gold assets in Ivory Coast, in respect of which the Company received exclusivity payments, is finalising documentation and assuming the parties remain ad idem as to indicative terms would be ready for execution shortly. Given the rise in the gold price, the Company would in any case be unlikely to extend exclusivity beyond mid-October.

Banbury I understand your comment's about RRR's debt. Yes the debt is significant. RRR has bought a lot gold properties in the past 5+ years. Keep in ming that in the past year gold has increased significantly

RRR has owed that money on Migori for years and not once did it impact the renewals. What impacts those renewals? bureaucracy, elections,change of govenments, appointment of new mining ministers etc Every renewal was made and every renewal was approved late. No doubt that lack of money did not encourage RRR to move faster. IMO that has changed with the cash received from the royalty

RRR has turned the corner. I hope you can see that. Your overtly negative post are not based in facts or reality

Agreed more news is needed. Rather than wait for something definitive IMO RRR should issue a review of its gold assets. Make some noise

remind people it;s not just about waiting for DRC

Updated Theoretical figures after Helpful input

$13,000,000,000 Gross Mineral value

$1,000,000,000 Annual Gross value with 30 year life

$333,333,333 say 1/3 to net profit

($1,000,000,000) min for housing per Helpful

($666,666,667) NET AMOUNT FOR RRR

****RRR WILL HAVE TO COME UP WITH A LOT OF MONEY. NOW WE KNOW WHY IT IS TAKING SO LONG!!!!!!!

Updated Theoretical figures after Helpful input

THEORETICAL IMPACT TO RRR

$13,000,000,000 Gross Mineral value

$1,000,000,000 Annual Gross value with 30 year life

$333,333,333 say 1/3 to net profit

($1,000,000,000) min for housing per Helpful

($666,666,667)

****RRR WILL HAVE TO COME UP WITH A LOT OF MONEY. NOW WE KNOW WHY IT IS TAKING SO LONG!!!!!!!

Helpful

Thank you the response

Will you expand upon #5? is this 13 billion gross value of the minerals in the ground? or net value after costs such mining, processing etc

THEORETICAL IMPACT TO RRR

$13,000,000,000 gross mineral value

$433,333,333 annual gross value with 30 year life

$144,444,444 say 1/3 is net profit

($43,333,333) less 30% for tax-used for housing

$101,111,111 net to RRR

This is not projection or forecast of any kind just an exploratory calculation of what that $13 billion might mean. The assumptions have a huge impact on this

30 year life- not a clue, it could be 200 year life

1/3 profit- again not a clue, it might only be 5%

30% tax rate for social housing. The 30% came from the internet but it might 95% for the housing project and only 5% to RRR- AGAIN NOT A CLUE

Helpful- interesting My understanding if RRR would get a mining project and instead of paying taxes , those funds (which would other wise pay taxes) would be used to build houses. For this to happen the mining project would already have to be in production or close to it because it would have to be profitable to pay taxes, otherwise there would no money for the housing project

Is this something instead of getting cash from the arbitration? or something extra? I know AB previously said last year that they were separate but so far not cash has been received

AI Overview

Yes, the DRC government has historically operated and been involved in mining operations, notably during President Mobutu's nationalization of the industry in 1967, which brought entities like

Union Minière under state control. While the current landscape is dominated by private and often foreign-owned companies, the government still has state-owned enterprises in the sector and has created designated artisanal mining zones for local miners.

IMO RRR is intentionally being obtuse in its communications. They seem to go out of their way to promise an update and then intentionally fail to deliver.

I used to think it was because it was expensive to issue a RNS and with limited cash that it was understandable.

RRR's forgetting to update the receipt of the Soma warrants is just the latest promise, IC sale still unknown but with the use of the plural on payments RRR gives the appearance of something but no actual update from the prior RNS on the 30 day exclusivity other than vague generalities.

Nothing at all on the termite samples from last year-what if they were great results it would certainly raise issues about selling the property now

RRR needs to have proactive communications with its shareholders and potential shareholders. Most importantly it needs to actually follow up with its shareholders (owners) particularly when events are mentioned in an RNS

Helpful 10% rate for NPV IMO that rate was too low to approximate what Soma might be willing to pay,

I realize that 10% might be a standard figure to compare alternative transactions or to rank possible alternative but not a purchase or investment decision.

IMO a 20%-25% rate would have been more appropriate particularly since the mill had not yet been restarted.

Helpful what discount factor./interest rate did you use in your NPV calculation?

Sale of royalty RRR has for years stated it needed to sell assets. Finally they did so,

Helpful set expectations way too high. No one should rely on what he says. The same posters who complain about Helpful are the same ones who say they relied on his royalty valuation.

IMO it was a good deal. More sales and deals need to happen