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RCO, ROYALCO RESOURCES LIMITED
nipper
post Posted: Jan 29 2018, 10:40 AM
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In Reply To: dr_dazmo's post @ Jan 29 2018, 09:28 AM

But Weeks is the jewel in the crown 👑 for RCO ... wind-up, afterwards?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
dr_dazmo
post Posted: Jan 29 2018, 09:50 AM
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In Reply To: dr_dazmo's post @ Jan 29 2018, 09:28 AM

Just a thought, but those paying the royalties may also have some interest in acquiring them?

Cheers
Dr_Dazmo



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Always remember the Golden Rule - Those with the Gold make the Rules!

Said 'Thanks' for this post: nipper  
 
dr_dazmo
post Posted: Jan 29 2018, 09:28 AM
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Hi All,
Looks like RCO assets will be sold & the proceeds returned in a winding up of the company based on the company update today.

Cheers
Dr_Dazmo


"The RCO Board has resolved to commence a sale process of Royalco’s 1.0% interest in the Weeks Royalty (Weeks Royalty). It is noted that several Royalco shareholders have indicated that they may wish to bid for the Weeks Royalty through the sale process. This will be encouraged, subject to shareholder approval by non-associated shareholders, at an Extraordinary General Meeting of shareholders."







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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Jan 23 2018, 10:08 AM
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Hi All,
I see Consolidated Tin (CSD) have released their December quarterly.
Thing look to be progressing well, and hopefully RCO will see those royalties flowing again!

Zinc metal produced in Concentrate:
Dec Qtr 484 Tonnes
6 Mths 1,242 Tonnes

Copper metal produced in Concentrate:
Dec Qtr 26 Tonnes
6 Mths 129 Tonnes

Cheers
Dr_Dazmo



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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Jan 19 2018, 08:12 AM
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Hi All,
It appears from the MOD quarterly activities report (Oct-17) that things are still progressing on the Condamine Resources IPO.

Cheers
Dr_Dazmo

Sams Creek Gold JV, New Zealand (MOD 80%)

On 3 July 2017, MOD Resources Ltd entered into a binding Share Sale Agreement (SSA) to divest its Sams Creek Gold Project to newly incorporated Condamine Resources Ltd (Condamine) for a total consideration of A$3.8 million.

Condamine intends to complete an IPO to list on the ASX with their prospectus expected for lodgement in early 2018, avoiding the holiday period in the markets. MOD’s interest in Condamine's post IPO issued capital could be up to 15%. The

IPO is due to occur in Q1 2018, following roadshows in Australia and New Zealand. It is anticipated that MOD shareholders will receive a Priority Offer for shares in Condamine as part of the IPO. The SSA is subject to a number of conditions precedent including the transfer and assignment of OceanaGold Corporation’s (TSX/ASX: OGC) 20% interest in the Joint Venture on terms acceptable to Condamine and the quotation of Condamine shares on the ASX.

During the quarter, several key conditions precedent were met. The Barrons Flat licence EP 54454 was extended for another five years until 25 September 2022 and a new Deed of Access with the Department of Conservation in New Zealand was successfully entered into for the Sams Creek licence EP 40338. Condamine has also notified MOD that the due diligence investigations for the acquisition and associated SSA have been satisfied.





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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Jan 4 2018, 07:52 AM
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Hi All,
In addition to the recent lift in Bass Strait gas prices, the oil price is also moving up nicely (recently highest in 2.5 years & predictions of $80).
Hopefully, RCO's portfolio will be starting to fire again with Consolidated Tin Mines (CSD) also moving back into production with concentrate production recommencing in July (trucked to port in October).

Best wishes for 2018.

Cheers
Dr_Dazmo



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Always remember the Golden Rule - Those with the Gold make the Rules!
 

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dr_dazmo
post Posted: Dec 20 2017, 12:56 PM
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http://www.smh.com.au/business/the-economy...217-p4yxss.html

<h1 itemprop="name headline">Victorian gas prices may fall as BHP and Esso split gas sales</h1>Gas prices in Victoria may soon fall after BHP and Esso ended a 48-year-old gas marketing joint venture in Victoria's Gippsland Basin amid pressure from the competition watchdog.

The companies on Monday said they had agreed to sell their gas from the region separately from 2019.

In 2015, the Australian Competition and Consumer Commission (ACCC) identified changing market conditions that it believed reduced the level of gas contract competition and could have a flow-on effect to gas prices.It raised concern last year about the tight grip the Gippsland Basin joint venture, the biggest producer in the country's southern states, had on the market. The ACCC flagged it might force the firms to sell their gas separately.

It could have taken Esso's parent ExxonMobil and BHP to court had they not agreed to break up the marketing joint venture.

“The ACCC was concerned that the joint marketing arrangements were likely to have resulted in a substantial lessening of competition in the market for the supply of gas to buyers in the southern states," ACCC chairman Rod Sims said.

“We believe that competition in this market was negatively affected by the elimination of independent rivalry between BHP and Esso.”

The companies had long argued that joint marketing actually saved costs. ExxonMobil had warned in April 2016 that any unwinding of joint marketing "could make it more difficult to invest and bring on new supplies in Gippsland".

A BHP spokesman stressed that the agreement with the ACCC to move to separate marketing for its share of the joint venture was voluntary.

Until the marketing split occurred, both companies would continue to meet existing contractual commitments, an Esso spokesman said.

Mr Sims welcomed the split on Monday, saying it would help relieve price pressures in the market.

“The ACCC’s intervention should improve the competitive landscape for gas buyers on the east coast. We expect gas buyers will receive improved prices and contract terms for supply,” Mr Sims said.

“It is vital to commercial and industrial customers that this sector becomes more competitive.”

The ACCC is also looking to drive down energy prices by targeting the gas pipelines market.

“We want to regulate the pipeline monopoly,” Mr Sims told Fairfax Media.

“We can’t break it up as the situation is what it is, but there are actions we can take.”

He said these actions would have a direct impact on gas prices and better results for gas users.

“In two to three years, pipeline prices will come down, and we’ll see lower flow-on prices in Victoria and NSW,” Mr Sims said.

Cole Latimer and Reuters





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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Nov 13 2017, 08:54 AM
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Hi All,
Looks like Consolidated Tin are underway at Mt Garnet again.

Dr_Dazmo

QUARTERLY ACTIVITIES OVERVIEW
  • Recommenced mining at the Mt Garnet underground mine on 5 July 2017 with first ore delivered to the ROM on 6 July.
  • Dewatering of the lower levels of Mt Garnet underground mine completed in July.
  • Completed the Mt Garnet Mill refurbishment and commissioning and commenced concentrate production on 24 July.




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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Nov 2 2017, 01:27 PM
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Hi All,
It appears that the IPO of Condamine Resources has been delayed until 2018.
Hopefully all progresses well & they can quickly move into a position when royalty payments are accruing. biggrin.gif

Cheers
Darren

http://www.nzresources.com/showarticle.asp...;guid=300010819

Sams Creek IPO for next year The IPO for the Australian bourse that is to take over the Sams Creek gold project has been set back until the new year, to avoid the marketing bumps that can occur over Christmas and New Year.





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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Oct 17 2017, 02:58 PM
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In Reply To: dr_dazmo's post @ Mar 15 2017, 10:47 AM

Hi All,
Looks like the SVL SP ($0.115) has been ticking up since the recent CR ($0.08).
I assume the increase is due to the announced drilling of the "Induced Polarisation chargeability anomaly".
I'd post the announcement, but the formatting when you cut & paste is a nuisance. weirdsmiley.gif

Hopefully some positive drilling will only add value to the RCO royalty!

Cheers
Dr_Dazmo



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Always remember the Golden Rule - Those with the Gold make the Rules!
 
 


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