Bugger...Not Good News for RRR, same thing could happen tomorrow for RSL in Malawi Unfortunately...
Breaking News: "Red Rock Resources (LON:RRR) said a licence covering part of its operation in Kenya ?remains valid? despite an order by the local authorities to cease gold exploration in the area. It also said the four-line letter issued by Migori County Council and sent to Mid-Migori Mining, holder of Red Rock?s licences is in the country, is ?defective both legally and procedurally?."
Time to Focus on REE, Uranium and Gold in Friendly and Predictable Jurisdictions like Australia perhaps?
A MUST READ to understand the Gravity of this announcement.
http://library.rrrplc.com/RRR_web/RRR_Announcements/RRR_announcements_2011/RRR_UpdateKenya_30.08.2011.pdf
How will this effect RRR's cash flow...and hence RSL's lifeline?
I hope it all works out...these are the times you really appreciate having Andrew Bell as your Chairman and guiding light!
Bugger...Not Good News for RRR, same thing could happen tomorrow...
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