Richland Resources Share Discussion Threads

[m111kax] 12/12/2013 10:38

RLD

5p paid again.

The Govt security forces are mobilised to secure the illegal mining.
More gems and less on black market

That can only mean one thing ..Higher Tanzanite price on the market.

deals already done with the Chinese Jewellers to secure distribution.

All good and with only 118mil shares in issue "falia style 16p may not be so ludricous" lol!
gl

[thiopia] 12/12/2013 10:10

Why did this spike above 15p in March last year?

[thiopia] 12/12/2013 10:07

This could be one of these which just keeps going up like CNEL and PHE recently

Government only want to be partners because they know how big this could be and happy to give up $4m of their profit share

[m111kax] 12/12/2013 10:04

4.99p paid

looks like it's going up ..
imho the deal with the Government was necessary to reclaim stolen land and illegal mining.

[nick rubens] 12/12/2013 09:40

robbery then?

"US$ 4 million payable by STAMICO in recognition of the previous expenditure incurred by TML, to be paid by STAMICO utilising 40% of its future share of the net residual profit"

[morigam] 24/9/2013 14:33

they've released a company overview on brr media....

[andrbea] 12/9/2013 12:28

up 26% after that rns
little interest here..........

[weegeordie] 22/7/2013 15:11

very sad news - forced tough action from the authorities - too late though.

[hyper al] 22/7/2013 14:50

RNS

Sad news.

[nick rubens] 27/6/2013 14:38

I think I've lost interest in RLD for now.

[giant steps] 27/6/2013 07:58

RNS 27th June 2013 - RLD finals



A thumping $13.6m loss includes impairment $4.4m
and $5.6m tax provision for 2004-2008

[giant steps] 21/6/2013 08:45

NR, yes - huge shame, but potential still remains imo (but with great risk)

No advice intended

[buywell2] 21/6/2013 08:37

I have been saying this is a dog for years from the Tanzanite one days even

Use of charts is a MUST

They work 70% of the time and give the investor the edge needed to beat market mugs

Tanzanite itself is not much of a stone as values asked on the TV jewellery sales progs show plus a search on ebay


Operational Update

Richland Resources Ltd, the gemstones producer and developer, today announces that TanzaniteOne Mining Limited ("TML"), the wholly owned subsidiary of Richland, has now received a new Mining License from the Tanzania Ministry of Energy and Minerals for its tanzanite mining operations.

As anticipated in our announcement on 7 May 2013, the new Mining licence is held jointly on a 50:50 basis between TML and the State Mining Corporation of Tanzania ("STAMICO"), the mining arm of the Tanzanian Government. Following granting of the new mining license, the Government of Tanzania has re-confirmed it will now be working with Richland to ensure security for workers at existing operations and reclaim mining areas lost to artisanal workers in the area.

As previously reported, uncontrolled illegal mining activities have been severely affecting the Company's operational and financial performance for over a year. These activities have had a negative impact on the Company's 2012 financial results, due to be released before the end of June, which will reflect a significant loss for the year to 31 December 2013. The impact of these illegal activities over such a sustained period has also had an adverse impact on the Company's current financial position and the directors are currently considering various financing options to address this and the working capital requirements.

Working with STAMICO and the Government of Tanzania, Richland will be focusing on expanding high value production at its tanzanite mining operation and unlocking profits previously unavailable due to the ongoing security situation in the area. The Company is optimistic that, having now received a new mining license, that the Government of Tanzanian will address the illegal mining activities within the license area and also clamp down on the smuggling of tanzanite which is suppressing tanzanite prices.

[nick rubens] 21/6/2013 08:30

Have they just effectively had half their business taken from them?

[giant steps] 21/6/2013 07:57

RNS 21st June 2013



"...will reflect a significant loss for the year to 31 December 2013"

"...directors are currently considering various financing options to
address this and the working capital requirements."

[giant steps] 18/6/2013 16:34

That's a great chart AJ !

[nick rubens] 18/6/2013 16:31

RLD expecting a state owned mining co to buy into 50% of the licence? If they are sharing revenues and costs 50% then that effectively halves RLD's business in this area. Can't imagine them getting much for the licence stake either.

[buywell2] 18/5/2013 08:03

The share broke through the support

This chart is very bad

[opaldouglas] 14/5/2013 22:44

answered my own question, see link above.

[opaldouglas] 14/5/2013 22:39

Has anyone got any idea what production costs are?

[nick rubens] 14/5/2013 16:08

No interest here after todays news?

[buywell2] 07/5/2013 08:15

A bid of $15 could get this 0.75CT stone




Same sized diamond would be circa $1500





ie Diamonds are 100 times more expensive more than Tanzanite stones










ADDED


14th May


The illegal mining activities, royalty and tax provisions as well as the sort house theft negatively impacted on the Company's business during the year with a significant impact on the Company's losses for the period. The 2012 Audited financial results will be released during June 2013