Member Info for specinvestor99

Robins In addition to asking about Lenigas (consultant we can add to the list: Quinn (Director), Borelli (Director) and Ronaldson (Corp Sect)

What are each of those people doing?. All of them are getting paid so what are they doing? I have not checked but I guess that collectively they make more than AB, so what have done? accomplished?

AB meetings- RRR shareholders are in the dark-meaning we have no idea of the purpose or result of any meeting, whether it's in Kenya. DRC or Dubai. I suspect AB meets with people in London as well as other parts of the UK.

For those readers who are in business for themselves or are employed I am sure you have personal knowledge about meetings-some are worthwhile, some may actually lead to something but most meetings dont accomplish any meaningful results.

Maybe the Kenya trip helps the renewal process, maybe it was unrelated to that effort. The information is interesting and serves to highlight that RRR has other gold interests

What can happen in a day?

--license renewal- Kenya wanting to hear straight from AB about RRR's plan

-exploitation permit- production permit for tailings

-meet with possible JV partner or purchaser

So lots could happen in one day

Gold production projections

using those numbers it would be about $1,600 profit per ounce with 5,000 ounces produced

it would be net cash flow of $8 million

I would be very happy with just 25% of that keep

Keep in mind that it for 1 wash plant and RRR said it could be 4

lots of room for upside for cash flow which means a multi bagger for the share price

Lets make 2 more bins--- one for pumpers who throw out unrealistic expectation and then are shocked when some one questions what they say

and a third for those who own shares and can actually asses risk vs reward

"Wood also noted that despite their recent gains, gold mining stocks “are not really outperforming bullion on the scale which would normally be expected to happen in a roaring bull market” like they did in 2001 - 2011. “Gold mining stocks also remain extremely cheap based on the current bullion price,” he said."

Talkinto- Yes AB 4 sells in 2022 however you left out the 4 buys (was that intentional?)

For 2022 AB had a net buy of about 9 million shares

fyi lots of research that shows insiders sell more than buy shares on a 4:1 ratio, which is why an insider buying is such a positive indicator. Lots of reasons to sell (including multiple reason having nothing to do with the future prospects of the company) and only one reason to buy (shares are going up)

Your attempt at misinformation is exactly why readers of this forum need to do their own research

Bluevoy 1975 That's always the case anytime a stock makes a big move up. There is now a larger base of RRR shareholders who have low (hopefully low) and take profit when it goes higher.

Others, like me, who have a higher cost basis might be more inclined to wait until they can get the cost back.

This is where a good PR strategy comes into play -ie tell the story in such a way that there is an ongoing incentive to hold on. Such as if DRC cash comes in then even bigger money comes into play

If BR can generate positive cash flow then it would eliminate the ongoing issuance of new shares thus limited the avaible supply

JFK8 No demand???

This ignores the demand for 509,804,000 shares as disclosed in today's RNS

I find it interesting that no update on Burkina Faso was released. Historically RRR issues news/update prior to a share placing so this time its different.

Will there be good news next week and this placing is time for the friendly parties to load up on shares?

Prior posters were commenting during the week that the availability

of shares was very limited

I put a bottom at .055 to .06. I might be wrong so do your own DD

My observations

1-Placing was long overdue. IMO it speaks to AB's belief that DRC cash is indeed close

2-If this achieves putting Burkina Faso into production then this creates tremendous value for RRR and is well worth it

3-RRR's market cap is so incredibly low, less than $2.5 M that it took so many shares to raise that amount of money

4-this dilution is the result of seeds planted years ago when RRR began obtaining or filing for addition licenses.

5-If this is the start of large gold market market rally this price should be the bottom of the market

Only 8 trades---hopefully the lull before the storrm while we wait for news on Burkina Faso

Given the large price increase in gold it would be reasonable to say that the implied value of Indicated ($25) & inferred ($4.25)

A April 2024 value should be a minimum 2x-to 4x for a $26m to $52 million value just for Migori

Compared to a RRR market cap of less than $3 million

Lots of room for RRR share price to move up. +possibility of DRC cash, gold production in Burkina Faso. + + +

Re New's comment about Rick Rule and LARGE GLOBAL FAMILY OFFICES,

That global interest in gold stock is great but if you believe that non UK residents can not buy RRR's shares is it relevant?

Are RRR's shares able to take advantage of this global interest if buying RRR's share is limited to the UK (as you previously stated)?

for the record I believe it is possible but admittedly not everyone has a brokerage account that allows this

Money is starting to flow to CDN expiration companies it will start to happen to the uK AIM as well

https://www.kitco.com/news/article/2024-04-05/gold-price-going-buy-projects-now-exploration-insights-editor-joe-mazumdar

OMG Due Diligence. What a great concept!!!

If AB had done this it would have prevented that meeting/Agreement who had no legal authority from VUP.

-Avoided losses from BreX. Enron the list can go and on.

You definitely need to spread the NEWS about DUE DILIGENCE.

Information like this is why I took News off filter.

No time for further posts today I need help spread the word about DUE DILIGENCE

News so in summary your position

RRR-no changes needed

Non Brit's buying AIM shares/Brits buying OTC shares- Despite News now stating that buying shares is a personal business News commented that it was not possible for non British person to buy RRR shares.

News does not need to read or learn how to do it because not knowing is acceptable

News Personally I try to keep an open mind and if facts contradict my opinion then I need to accept reality. if you want to try it then read RRR financial disclosures which shows share transactions with non Brits

LOL a lot of words to basically say that you won;t/can't explain it because every British person knows

Multiple brokerage accounts, multiple bank accounts with different currencies are very common in Canada. I have known several people in the UK throughout the years and they were able to buy US otc shares, open brokerage accounts, buy Canadian shares etc. I thought this was common expertise for UK residents but apparently not.

You claim FOREIGNERS can not own AIM shares. Quick google search shows

1) https://finty.com/ca/investing/aim/ How to invest in the AIM from Canada

2) https://finty.com/us/investing/aim/ How to invest in the AIM from the US

I am sure there are more websites with similar information

Of course UK citizen can purchase US OTC share. just use Google to find one. If your 'standard broker' wont allow you then find another broker. Its really not hard. If need assistance call them.

Your attitute/approach is just shocking which is best described as "Everything at RRR is fine" "No changes are needed" "No changes should be even be discussed)

Look at the 2023 share performance IMO changes should be considered

MM are supposed to maintain an orderly market in North America. It is debatable what an 'orderly market' actually is and even more debatable if the MM actually perform that task.

I brought up this subject (MM) due to a comment made in this forum that MM's hold down price. IMO the price is set by supply & demand. Yes MM's will take advantage of their position for large spreads etc

A gold rally is un like any other type of market rally. It can push even bad companies higher and good companies to XX multiples. This is why I mentioned that RRR should be issuing multiple RNS to highlight the gold aspect as opposed to 2023 where it was primarily Lithium

Do MM set the price of a stock on AIM?

In Canada/US market markers held ensure an orderly market of buy & selling but they dont set the price. In North America price is established by supply & demand