RE: View from Affiemoose on other site - Kenya23 May 2024 17:08
I think it is a number of things
1-litigation -it took years to get legal right to renew the license
2-Covid-after being able to renew the license, getting renewed momentum then COVID hit
3-license renewal, elections etc- Kenya has a 2 year license period which is really short since it takes about 3-6 just to get a renewal, longer if elections are or will take place within this time frame. The net effect is about a 1 year exploration period
4- divided management attention with RRR getting involved with other projects
5-lack of funding to pay for meaningful exploration to actually increase the number of gold ounces. for example spending $100,000 does not meaningful impact Kenya but it pays for getting a license somewhere else. That activity (or busy work) allows RRR to raise funds to continue to pay for overhead (AB salary, listing , audits, legal etc)