Member Info for specinvestor99

Creditors take everything- keep cash flow, DRC just wait, RRAL-do IPO or wait and use cash flow to pay for holding costs, or sell it off for the best possible price, sell 100% back to POW for $250,000 which is a great deal for POW

my point is creditors have the upper hand, they can just wait, let RRR do the hard work and then pounce when they see fit.

I am not saying it is feasible since it depends on the actual contract or debt instrument but I am highlighting the fact that RRR is tremendously leveraged with debt

Helpful -'what would CLN holders do on 18th of BF gold production was immenient' - you ask this question as if it certain the RRR share price would rise and allow RRR to repay the debt or refinance on favorable terms

There is another rational option-foreclose, cease the soon to be cash producing assets and make lots of money for themselves.

Antimony- interesting comment from Helpful that 1/2 the SXG's value is from this metal, whose price has really increased this year. It was the gold values which got the attention so the Antimony value could be a big big bonus and may increase the Chinese in taking a position.

""Antimony ingot in China climbed to a record 127,500 yuan ($17,588.88) per metric ton on May 29, up 56% in 2024, data from the Shanghai Metals Exchange showed. European prices have also climbed to a record $21,000 a ton, up 75% this year, Fastmarkets data showed."

My opinion

-Everyone can post

-Everyone is biased

-dont trust or rely on what is posted

-owning RRR is risky,owning any AIM share is risky

-owning RRR shares is not an investment but speculation, akin to gambling but the 'buzz' from owning RRR shares last longer

IMO Nearology is more relevant for oil & gas since their size is so much larger

gold deposits even larger ones are geographically much smaller

Therefore IMO the well being drilled is more likely to have an impact on ELEP.

Lots happening

1- BF early July for arrival of gold plant & equip leading to production

2- DRC award government finally organized ready to move forward unknown timing

3-RRAL IPO is being working on unknown timing

4-ELEP nearby well started drilling to 12, 500 feet -90 days to complete potential impact on ELEP value and perhaps a liquidity event

of the 4 events AB really has RRAL to work on, AB waits on DRC, BF is worked on by JV partner with AB input and ELEP is a matter of just waiting for results.

I read a post asking about the DRC status so I am posting the last update

from RRR June 10th RNS

"DRC: After the Presidential election at the end of last year, it has taken six months to put in place a leadership for the Assembly and a new Cabinet. During this period there has been stasis on all matters. RRR now anticipates being to take up where it left off just before the Election, and obtain the issuance of the arbitration award."

commentary- obviously it has been moving slowly and will likely to continue to move slowly. Like everyone else who want positive activity I am impatiently waiting.

Banbury-- the long history is unique. The management in small cap public company always gets one shot with typically one property. With gold price low, they went into a holding pattern, cut costs to bone to survive.

RRR had good properties 5 years ago but they just kept getting more and more. I read on this forum that under the AIM rules forced RRR to conduct business that way since AIM required exploration money spent every year to maintain listing.

I am not familiar with AIM but if true that makes no sense

In Canada everyone gets one chance, a lot get a second and few get a third or forth. When failures happen (exploration is a risky business, then typically management changes, a reverse split a name change and the process starts all over.

The difference? AIM/UK has funding available via this convertible debt. It just keeps going.

Back to RRR Its now early July and according to RNS, gold production will happen

I think real money is being spent by the partner but IMO RRR puts out overly optimistic time frames which has consistently destroys its credibility. Sad really

I have not gone back and re-read that disclosure but I seem to recall that it also referenced sale of new RRR shares so it was not limited to DRC, ELEP or other assets. The context was in relationship to an audit opinion and the next 12 months relative to a going concern.

Obviously that time frame has lapsed. In any event such assurances or "comfort' is hardly legally binding so IMO such statements are meaningless. Virtually every single CEO of a small cap stock says 'buy shares of my company, its undervalued etc etc etc. It bears repeating no one works for free (unless its a charity)

News -- I had not idea that my posting is so significant to you as to not only to acknowledge my post but the time

Thank you

POW deal. Read the RNS Both RRR & POW agreed to an extension of time. The deal was completed by both parties.

Was it completed on or before the date first announced? NO there was a delay

Was it completed? YES so by definition it was completed 'on time'

You are both right

News interesting but I am not sure it applies to RRR's situation. Why? RRR has stated that the other parties have agreed to what RRR should receive. I think the disagreement is among who those other parties are.. There is no dispute about the total amount to be paid--it is fixed

The dispute is amongst the other parties and I suspect who those parties actually are (remember the aborted negotiation by RRR with a representive of a party who was not in fact an actual representative?

DRC has been in limbo until the government gets reorganized and when the new government people get around to dealing with this situation compared to everything else they have to do

IPO's for small cap like RRAL are completed because of the 'blue sky' potential. RRR has to leave some money on the table to get a deal done. The lower the price the greater the buzz and the easier for RRAL to raise money.

Even a $20 million deal means about 10 million pounds in value for RRR thats 5x the current market cap

Helpful I agree with you on the two IF's -management team will be increased.

but IMO RRR should have a plan B and as shareholders or potential shareholders that needs to be considered.

so what IF those do NOT happen

I agree with Helpful's post of Today 11:39

IMO AB/RRR completed the POW 49% for 2 reasons

1) IPO is now likely (100% ownership, higher gold prices and Sunday Creek

2) Burkina Faso gold production will happen

Payment can because AB believes that Burkina Faso will be placed into production (July but IMO timing could slide into August) AB went to site and then went to look at truck which is very hand on-unlike the 'lithium production and export' which were not visited by AB

What are implications if Burkina Faso gold production does not happen?

-RRR share price will not go up and may possibly even go down

-RRR will have raise more cash at this level or even lower.

-POW's shares get repriced

-RRR restructuring is more likely --either reverse split,BOD changes and even CEO change

IMO this simply does not exist on RRR. Yes values can be placed on gold resources in ground and then compared to other companies but IMO does not focus on any project.

What is the financial model that RRR has for developing its properties? Unless RRR can articulate its strategy then the market finds it difficult to analyze.

Look at POW which has different properties. It acquires an interest in a property and then finds a partner or sells it.

This has occured for multiple properties most recently with RRAL,

RRR/POW wanted an IPO for years on RRAL but failed to achieve that objective. Perhaps the split ownership was a significant issue and if so then RRR acquiring 100% solves that problem.

As a RRR shareholder I hope so and time will tell. RRAl is reprocessing prior work with a view towards finding something comparable to a Sunday Creek structure. IMO they will find it. Why? Geologist like to work. Until a structure is drilled it remains a possibility. The more the Sunday Creek creates excitement combined with higher gold prices will lead to market demand for an IPO. Blue sky potential creates interest and larger sized properties like RRAL add to that interest. Note I do not expect this to be a fast process. It never is and RRR has multiple limiting factors including but not limited to: cash, and management's time

Talkinto-- "keeping the lights on" If you want answers on RRR keeps the lights on then it should be asked of RRR.

Instead you asked the question to "Helpful' even though you knew that he did not have "the answer'

RRR has had cash flow problems for 10+ years and still managed to keep the lights on. How? Historically (see financials statement) borrow money and sell stock. So how is RRR keeping the lights on NOW? probably the same-borrow money and sell stock. Do I know (as a provable fact?) No but given the history I think that is a reasonable conclusion,

IMO for the past 12-18 RRR has been search for a project to generate cash flow. Lithium was a bust now its gold.

RRR has mutliple projects (too many IMO) has a high cash burn rate, even without multiple projects being public takes cash and without a project generating cash flow that means dilution.

even minor amounts of gold production at BF is significant. The equipment is on its way. Delays, while not inevitable, are possible. IMO RRR should be issuing weekly progress reports on actual status and if applicable revised timing on: ship arrival, customs clearance, trucks leaving port, arriving on site, plant assembly, testing and finally processing,

Only RRR can keep the market informed as to the actual facts. Everyone else is guessing. Any guesses are then responded to posts as to why that guess is wrong

Will gold be produced at BF? The guy sending his equipment believes it will.

Will he stop if the ship is delayed? I don't think so.

Will he stop if customs is delayed? I don't think so.

Will he stop if truck gets a flat time ? I don't think so.

I really dont know (as a fact) but given the ships were loaded and left the port I think he is committed placing the property into 'limited' production

IMO is the first step in making gold production a reality

There is more to be done and IMO RRR's management would be well served in issuing weekly progress reports. This will help establish credibility and keep RRR in the news on what will be very signficant---gold production (the actual initial will be low but still significant

I really like what POW is doing. Advance a project then find a partner and take a free ride

This model works well in Canada and those shareholders have seen significant financial returns. This is sustainable business model

"advising him to stand by"

should be OK to sit now