Member Info for zumore

First part should have said:

(1) The holder of a prospecting licence shall -

commence prospecting operations within three
months of the grant of the prospecting licence or a
period specified in the approved programme for
prospecting operation

Just looked at the Kenyan mining act and Red Rock must quickly commence work considering licences were renewed on 2nd August.

Here is snippets from the mining act:

77. The holder of a prospecting licence shall
commence prospecting operations within three licence.
months of the grant of the prospecting licence or a
period specified in the approved programme for
prospecting operation;

undertake prospecting operations in accordance
with the approved programme of prospecting
operations;

ensure that the amount of work and expenditure
specified in the approved programme of prospecting operations is actually expended in the
course of undertaking prospecting operations
within the deadlines stipulated;

Later on:

(2) Where the expenditure specified in the approved
programme for prospecting operations in sub-section 1 is not expended during the term of a prospecting
licence, it shall be paid to the ministry in a manner as may be prescribed by Regulations made under this Act.

Briarbank don't listen to him! Like Magic said the other day he attempts to bully people off this thread. Fortunately for me he's got me on fake filter. But I see the guy as an absolute scammer. He will put a gloss on every asset to sucker investors in. He's got proven past form in Mayan when he ramped it from top to bottom.

Though take notice when he says "do your own research" because when you do you realise he mostly writing b*l*#h*t.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/scoping-study/201202021206346981W/

Looking at the above RNS I'm not hopeful that the Macalder tailings would attract any partner. Briefly here's why:

(1) Above RNS says that the initial Macalder Tailings infrastructure and new or old plant costs could be paid back within 3 years of the mine opening.

(2) But it also says that the Macalder tailings mine life would only be 4 years.

Yes since that 2012 RNS gold prices have risen but no doubt since 2012 infrastructure costs have also risen.

Only my opinion. Read the RNS for yourself.

Additionally.

Many look at a Red Red Andrew Bell RNS about Australia and naturally think "well that won't boost the share price". But many forget that Paul Johnson is also releasing an RNS at POW and he's enthusiastically talking about the POW / RRR joint venture.

This POW RNS from the other day is a good example of Paul Johnson promoting Red Rock:. https://www.lse.co.uk/rns/POW/australia-gold-jv-update-new-license-application-o1h00rux4bog3os.html

So I definitely think Paul Johnson is Red Rock's main promoter at present.

Briarbank, I think one possible explanation for this recent RRR rise is that whenever Paul Johnson is associated with a share he gets an huge number of people who will buy into that share.

So because POW and RRR are joint partners in these Victoria Goldfield licences and because Paul Johnson does numerous interviews plus he is always ramping on his twitter, then I would say it's a near certainty an huge number of his supporters are now invested in RRR. Also I wouldn't be surprised if Johnson and his wife Michelle are also invested in RRR.

I and others may think Andrew Bell is pretty awful at interviews but at the moment that doesn't matter because Paul Johnson is very good at interviews. So when he does interviews and talks enthusiastically about the RRAL joint venture then he is effectively promoting Red Rock. Which no doubt gets people buying into Red Rock.

On top of that there is private chat groups. Apparently an app called telegram is all the rage at the moment. I have definitely seen a POW group set up. So no doubt there is endless ramping in those private chat groups talking about the RRAL JV, no doubt the pumpers talk big numbers which gets many investors buying into both POW and RRR.

So to sum up, all Red Rocks projects may end up being an absolute disaster, highly likely Red Rock will also need to raise huge amounts of money. Plus Red Rock have got this awful chairman in Bell. But at present none of that matters because Paul Johnson is effectively pumping up the Red Rock share price when he does all his promoting about the RRR / POW joint venture.

Small point to the earlier post. CCZ can now be bought on HL.

https://www.tmcnet.com/usubmit/-kansai-secures-future-development-migori-gold-project-kenya-/2008/12/23/3874175.htm

12 years on don't RRR give virtually the same gold resource figures?

This is also a Red Rock RNS dated 12 June 2013 were SRK consulting did a pit optimisation study of the Kenyan gold asset. To me SRK seem very underwhelmed by the project.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/kenya-update/201306121519089058G/

I have a feeling RRR could regret getting these licences back. I'm sure Bell promised the Kenyan government the world. So it could be a bottomless money pit for RRR with constant spending and constant fear that the licenses will eventually be taken away again.

I notice a few 1000000 sells this past couple of day.

Yesterday lunchtime 4 X 250,000 sells very close together. First thing this morning another 1 million sell. Also another 1 million this lunchtime.

I'm not overly familiar with James Parson's but those who are always say he is an unrelenting diluter. So maybe yet another placing very soon?

https://www.lse.co.uk/rns/RGM/mambare-wardens-hearing-gby3yqdzfgx96o4.html

RGM (now Corcel) seem hopeful about being granted licences but PNG government recently refused to renew mining giant Barrick's mining lease. So it's certainly no sure thing that Mambare licences will be granted.

https://www.mining-technology.com/news/png-allow-barrick-reopen-porgera-court-case-withdrawn/

https://uk.reuters.com/article/papua-energy-mining/update-2-papua-new-guinea-amends-oil-gas-mining-laws-to-boost-revenue-idUKL4N2DO1S4

Harry if you look in my Tuesday evening post there was some positivity. Though my positivity was about HZM.

On Tuesday evening when I posted the HZM share price was 5.70p. I just looked now and it's 8p.

I just can't believe it. My mouth falls open in astonishment.

Apart from the usual names I never see anybody admit they own Red Rock shares. So I sometimes suspect there must be out there some unscrupulous financial advisors (who are in some way invested in Red Rock) who are telling their naive clients that Red Rock is a super safe stock and they are then using their clients money to buy into Red Rock. So basically the unscrupulous financial advisor gets their clients to buy into stocks that they owns personally.

Of course may be untrue and may be my imagination. But if that scenario were true would that even be legal?

https://www.iexplore.com/articles/travel-guides/australia-and-south-pacific/papua-new-guinea/weather

I recall previous chairman Andrew Bell saying that the long rainy season in Papua New Guinea limited what work could be done on the Mambare exploration asset. Obviously tropical rainy season is way more extreme than UK rain.

So a couple of Corcel (or formerly Regency mines) assets are limited by what they can do by those countries harsh seasonal weather conditions. So could be lots of quiet periods here.

Apparently it's called Dempster Vanadium because it's right next to the Dempster highway in Yukon, Canada.

This tell you about the Yukon weather in winter: https://www.travelyukon.com/en/discover/seasons/winter

If you look on the map it's in the far north of Canada right next to Alaska. Googling Yukon it says:

"This means that during the June solstice, the sun is in the sky for a full 24 hours in the Yukon. Conversely, during the winter solstice, Yukoners spend 24 hours in complete darkness, with the sun staying below the horizon for a full day.'

I think in one post I may have mentioned your price predictions.

To be fair RMS released the RNS around 3 minutes from close on Friday and then the dastardly market makers whacked up the price by around 40%. So on reflection I can understand why some assumed that rise would continue at opening on Monday.

And I also concluded because the RNS says it.

If it were Red Rock receiving the $2.5 million then surely Andrew Bell would be talking about it in all his interviews and posting about it on twitter.

He's not!

Helpful in his 7.47 post seems to be suggesting that this RNS says https://www.lse.co.uk/rns/RRR/progress-report-african-exploration-assets-5s1il4w8nfrg1yr.html it will be Kansai who will have to pay RRR $2.5 million if Kenyan licences are renewed.

To me it read that Red Rock would have to pay Kansai $2.5 million if Kenyan licences were renewed. I came to that conclusion because it said Red Rock would pay Kansai $50,000 then if licences were renewed "the Company will within three months make further payments". So clearly further payments would mean Red Rock.

Who agrees with 'Helpful' that it's Kansai who will have to pay Red Rock $2.5 million?

I went in the newsagents the other day. The guy in front of me was wearing blue rubber gloves, a face mask and also a faceguard visor over his face.

After he paid for his cigarettes and fizzy pop he worriedly left.