Member Info for Theeeeduke

Spec, Banbury is correct, the Kenyan licences have lapsed and I don’t think RRR have spent a penny on them since they were reinstated years ago !

I was wrong then (not hard to admit hapless) as I didn’t think they would be renewed, but they were ! Can’t see why they would be renewed this time tho, the company is debt ridden and have no money to spend or develop the Kenyan asset hence why I don’t think they will be renewed - I will pose the question again- And an answer would be nice, not a good link

Helpful - Do RRR currently hold any licences in Kenya, a yes or no will be suffice

Spec , unfortunately RRR do not currently have any licences in Kenya

Watch this ???? You will know the answer from the reply or failure to answer

Helpful, do RRR currently hold any licences in Kenya ?? A yes or no will do please

Did he really post this 🤡🤡🤡🤡

Helpful🤡 classic from 2021 🤣😄😁Today 20:06

Don't ask hard questions.

There are two different things: SP and NAV. The latter is easier. Do what Briarbank did all those years ago and do an SOTP calc.

RRAL 2.5p a share

POW 0.2p a share

Elephant 0.75p a share

Migori no idea but it should be at least $30 an oz and call it 1mil oz gives you 2.5p a share

Luanshimba no idea but a decent amount. The asset extends into the block to the SW and so is pretty large. Down to the drilling.

Musonoi no idea depends if a deal is finally done with Glencore, using the Kalongwe analog you are talking 3.5p a share

Mt Ida depends on what Juno does

El Limon probably pays $200k

RRAL II no idea

JMS maybe 0.25p/0.3p

Cote d'Ivoire no idea but I expect things to pick up there, they have a new mining code and it is starting to get jiggy.

Adidi Kanga is the biggie: potentially 23 mil oz of gold, 3.7 mil in a 2012JORC. No idea how that will turn out but that fact that GRL hasn't been able to take the asset back is good for us.

And the biggest of the lot is Mt Ida. Depends what Juno does. If Juno says that everything is boxed off on Mt Mason and it will be in production early Q1 22 and is therefore committing to bringing Mt Ida into production in 2024, hold on to your hat. On the business plan from 2013/14 and then pricing the royalty was worth $10mil pa to RRR: given current pricing you are talking $15mil pa.

No idea what that translates to but the SP should be higher than where it is now.

DYOR

ReplyRecommend (3)Re

Spec, RRR I think may have reapplied for the licences !

I was invested when RRR built a school in Kenya and we thought the tailings was the making of the company, then it went quiet !

Was absolutely brilliant when Andrew Bell done a conference call ! He answered to some one and it was the head of migori mines, he called Andrew out on everything he said was going on in Kenya, which was news to the head of migori mines - it was comedy gold ! AB caught red handed with his lies ! RRR have no current licences in Kenya, I never thought they’d get them back last time but they did, I don’t think they will get them back this time and if they do, there are concessions where they have to pay £1 million to migori so at moment Kenya is worthless and not worth mentioning !

Spec, RRR currently don’t have any licenses in Kenya !

Is this true Hapless ?

Well it’s not from you Hapless we know that !

Starting to think you may have put all your eggs in one basket at a much higher price than this, so can’t afford to average down hence why your so desperate to get others to buy !

Just a thought 🫶

Any big sells this afternoon ??

Interesting to see !

Confounded, let’s re visit this convo in a weeks time !

This is the epitome of a lifestyle company, purely run to pay AB’s wages and was to assist Hapless and chums but he has also since been done over by bell, he is so far underwater here he has to stay uber positive to try and lure in others to buy !

Kenya - Licences expired and they owe Migori £1 million

Cote licences cost 68k, only work that’s been done is termite sampling and results were paid for, so why not released - Bacause they were pure garbage and the licences are in the back of beyond with very limited road access

Faso - Less said the better, all utter BS here also !

Good luck, AB may still fool a few but most have wised up

15 million and 12 million sell this morning !

10%ers struggling to get their 10% or places now realising blacks estate gonna sell at 0.04 so they taking what they can !

So blacks estate selling, people say only sold 29m so you need to ask why ?

My take is that’s all they could sell at 0.04, so if that is what their exit price is then this ain’t going over it for a long time 440000000 shares left to sell

The threshold was crossed on Monday so looks like his estate want out on any rise, doesn’t bode well for holders in my opinion with the lack of buyers about

Desperation buys from the telegram group only reason this hasn’t dropped further - Poor buggers

Hapless been schooled again and all his BS exposed .

3 million sell at 0.031 doesn’t bode well, I did say people regret not selling at 0.035 or above ! Ouch

Haahahahahaa

Can’t argue with that hapless can you !

So you agree in the past 5 years we have been correct in regards to SP performance, correct in regards to mass dilution and correct in regards to failure to deliver ????

Wow, you just make it so easy on times 🤡🤡🤡

Can you not read Hapless

I said SP, mass dilutions and failure to deliver

Sound quite Narky, hope your ok ! I know the pump is over and not worked out like you’d hoped but don’t take it out on me !

If everything was as good as you try to make out you would be sitting there as cool as a cucumber, instead your frothing at the mouth biting and retaliating - Says it all !

You bought any recently whilst ramping ???

Sells below 0.035 I predict very soon

Sorry Hapless we heard all this BS from you and Bell before - Needs to be taken with a huge massive pinch of salt .

Can’t blame you for wetting yourself as you been suffering for 5 years here, where the likes of myself and Banbury and others called it right in regards to SP, mass dilutions and failure to deliver

Just £3.5k traded here today, more sells than buys

Hapless has promised the world on every RRR project for 5 years where the SP has gone from over 1p to 0.0375p, let that sink in

Let’s see mid October come and go with no deal before you start over hyping and promising again Hapless, you are wrong more time than a broken clock !

Come on the, I will say a placing will happen before any deal - Your thoughts on this ?

I agree tricky, a few will learn the hard way and will wish they had taken above 0.035 when offered !

Will we see sells below 0.035 today ???