Member Info for specinvestor99

Observation

When posters see pictures of AB drinking (Burkina Faso, DRC or Kenya) it is always seen as positive?

Personally I would rather see picture of the gold wash plant on site

At $2,300 gold and $29 silver the dumps have a contained value of $196 million (80% gold and 20% silver value)

Even with a 70% gold recovery and 50% silver it would be recoverable value of $129 million

This seem ripe for a deal to place into production.

RRR needs to get the license renewed and cut a deal with someone. Maybe the group they are working with in Burkina Faso

I would agree that positive news such a gold production should result in a RRR share price increase.

However for it to happen in June that means the plant and equipment would be on site. Is that happening?

No pictures have been posted, no public comments. The last update was "DELAYS"

I hope this happens just like I hoped for other various other promissed activites, which never happened, over the past 2 years.

What are the plans for this deal? Was Due Diligence completed by April 19th?

will deal be extended? or cancelled

Maybe the deal should be flipped with RRR selling out to POW?

Banbury IMO Helpful provides details as if they were 'facts' then backtracks and says it was "financial model' or 'projection' or most recently "IF"

DRC cash- clearly RRR has no clue as to the timing because the requirements keep changing- politics, elections, Prime Minister etc etc Clearly there is no defined timeframe just HOPE

Elephant Oil

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Please elaborate

"RRR did not have the skill set to develop" So why did RRR get involved with El Limon?

RRR's actions, past and current, are baffling to me

No worries with the lower RRR share price, declining cash balance or that 'good news' has not arrived because RRR is in a "good place'

posters should now be looking towards the new shiny object being talked about.

A technical person arrives on site and can tell just by looking that there is a lot of gold (1million +), this is a very cost effective and fast way of evaluating a gold property. It eliminates the needs for sampling, drilling and assay results.

This is a game changer. Look for other companies, world wide, to adopt this new approach to gold exploration.

RRR is showing how it does things

RRR at .05 and little cash is in a "good place'

A 'good place' has been posted many times with respect to RRR. This has occurred during a time period of ever lower RRR's share price.

This 'good place' for those posters is not a 'good place' for me. I own RRR shares and I want to see a higher RRR share price

For me a low RRR share price is 'bad'

Nike you mentioned Helpful's production est based on 4 plants. However that is completely made up. RRR said One plant (unknown size) was being brought in. Of course more can be brought in -why stop at 4? why not 40?

its complete BS which hurts RRR

Nike -respectfully I disagree about Helpful I think he is being intentionally misleading. its the obvious answer. In North America and you hear hoofbeats- think horses not zebras

Helpful says he is knowledge and experienced Yet he confidently predicted production and cash flow in April/May 2023 from Lithium -I remember because I pointed out the logistical issues involved yet Helpful kept repeating that position. History has proven him to totally wrong

In 2024 Helpful stated gold production would start despite RRR's track record of failure as to timing and delivery which is something someone with experience and/or knowledge would know that such RRR information would be unreliable.

Worse yet Helpful made production estimates based on totally unrealistc expections of an average grade. Again something that a person with knowledge or experience would not do

IMO Helpful cloaks himself with an assumed credibility which is not deserved to intentionally mislead people.

Such behaviour and posting are more damaging to RRR than any of the so-called 'trolls' on this board

Hopefully RRR will start producing gold to make the current gold price more meaningful starting with the month of June 2024

Maidit- fyi No one would knowlingly build a 'weak gold room' Everyone would want a 'strong gold room'

Based on RRR's news releases, postings, and interviews RRR's partner has operated alluvial gold plants before, operated in Africa before and therefore should know what they are doing. Their report, which released by RRR, was very positive so now we wait: equipment to arrive, passports & work visa's to be obtained to allow for legal entry into the country for both equipment and people.

June time frame is reasonable and should be achievable

IMO the key is positive cash flow to RRR.

Yes the BF government will get something (governments always do), RRR's partner will also get something (partners or who ever funds costs always do).

An alluvial operation has the potential to be generate positive cash flow, possibly even very significant cash flow to RRR, which IMO is anything greater than $100,000 . Why? because that should stop or at least minimize the never ending dilution by RRR issuing shares while the DRC cash sorts itself out as well as the possible Australia gold IPO and Kenya license renewal. Either of those events could then trigger another transaction to unlock or realize value for RRR

IMO more than anything else RRR needs time while other events unfold for its benefit.

Banbury re "ridiculous hype" for proper context the ridiculous hype is coming from the posters on this board and not RRR, who is not making production estimates

AB in his last interview mentioned that RRR has to wait for certain events to happen within DRC for the arbitration process to move forward--ie the newly appointed Prime Minister (she was appointed on April 1st)

The prior Prime Minister had to resign after he won a seat in the Parliment at the end of February

Also the President of the DRC is in France today meeting with Macron.

IMO the above helps explain the apparent lack of progress in the Arbitration Process. AB made a brief reference to these issues but I think RRR should provide additional context/details, particularly for those who (like me) do not follow DRC politics. I did this research today to satisfy my own frustration about RRR

current status of Prime Minister see https://www.theafricareport.com/345273/drc-the-inner-circle-of-new-prime-minister-judith-suminwa-tuluka/

DRC: The inner circle of new Prime Minister Judith Suminwa Tuluka

By Socrate Nsimba

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Posted on April 30, 2024 07:00

L-R: Roger Tuluka, Daniel Mukoko Samba, Judith Suminwa Tuluka, Simon Kimbangu Kiangani and Françoise Buela Bwaki. (Montage by JA)

L-R: Roger Tuluka, Daniel Mukoko Samba, Judith Suminwa Tuluka, Simon Kimbangu Kiangani and Françoise Buela Bwaki. (Montage by JA)

Appointed on 1 April 2024 by DRC President Félix Tshisekedi to head the executive, Judith Suminwa Tuluka has yet to appoint her government. She is close to the presidential couple and knows she can count on a number of loyal supporters. The Africa Report looks at who’s who in her inner circle.

News yes people post 'views' or opinions and there is nothing wrong with that. Nor taking a bullish or bearish viewpoints.

For me where i disagree is when there is an 'view' that RRR can process gold at an average grade of 2 grams. IMO that is simply wishful thinking, a daydream, totally unrealistic etc. I can say the same thing about posts with a viewpoint that production would happen in April/May. Delays are common in a new venture particularly at the very start. Much is unknown or unreliable even from local sources

Long time readers of this forum, such as myself, naturally push back or comment about such posts particularly from long time posters who have a history of making such unrealistic comments

"facts' posted by the Bulls (really 'BS')

you posted all the bullish posts came from facts' gleaned from RNS or intereviews.

Where/When did RRR ever say anything about cash flow from Burkina Faso? answer nothing at all

Where/when did RRR ever say anything about the average gold grade? Answer nothing at all

an average grade of 2 grams would be great but there is no factual basis to state that the AVERAGE GRADE will be 2 grams

In 2022 RRR announced that the BEST drill hole had 3.1 grams at depth of 22 metre so the best average in this ONE HOLE

One hole is certainly not representative of the area

These so called 'factual' posts are simply made up and then feign disgust when others call out BS

Lack of interest in RRR interview- I show this has received 65 views, does anyone else show a higher count?

I do like listening to the updates and find them informative but they dont seem to attract a large audience