Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It’s Inferred you useless arze scratching k n o b jockey. You have about as much nouse as you fat friend Bell if you think an inferred resource means anything significant for Red Rock.
What a clown🤡
TDT
So now I have moment before getting ready for the footie. Remember according to the experts, I know nothing and what was posted earlier was all nonsense and fluff.
Remember, I said people should have a look at the Cadastre? Well I did. One of links was to Mako Gold.
https://www.makogold.com.au/overview-of-projects.html
Napie is at PR281. We have the licence application that goes to the North North East of PR2821.
This is the Napie Project https://www.makogold.com.au/napie-project.html
"Mako announced a maiden Inferred Mineral Resource Estimate (MRE) of 22.45Mt at 1.20g/t Au for 868k contained ounces of gold on the Tchaga and Gogbala deposits, within the Company’s flagship Napié Project in Côte d’Ivoire (Figure 1) .The MRE was reported in accordance with the JORC Code (2012).
The Inferred maiden MRE comprises the Tchaga and Gogbala deposits which constitute only 4.4km of the 30km-long Napié Shear. Only 13% of the Napié Shear has been systematically drilled, indicating the strong potential for resource growth at Napié by drilling between Tchaga and Gogbala as well as on other undrilled portions of the Napié Shear."
The Napie Shear continues into our acreage and likely we have more of it than Mako does.
Hey, obviously, I am in the wrong here posting stuff that is highly relevant and probably highly material to RRR but I just can't help myself. In the meantime real experts can inform everyone with their stupid remarks and campfire tales from 15 years ago.
Information all in the public domain.
DYOR
It was only a few Fridays ago Helpful was posting FOMO.
Clearly there is absolutely zero belief from bystanders that this payment is days away going into the weekend.
Roll on 7am Monday for a miracle RNS.
Just for clarity and to avoid having to lawyer up :)
Dissapear from the board / stop posting.
I'm still shaking after questioning who the other Bell was :)
Indeed Speculative.
Really appreciate your balance on here.
Contrary to how it might appear I would love DRC to come good for the likes of you Robins Talkinto and even Maidit. Fingers crossed.
If it doesn't you can join the club who warn about AB and particularly Stepen Paul Lundy our very own Investment Advisor from Bespoke Capital Solutions - thankfully the advice is free although I would be prepared to pay for him to dissapear :)
BB - I must correct you - we have already exported (sarcasm of course). Extract from RRR release below:
We are currently funding our product pipeline from mine to bonded warehouse in the destination port. The working capital requirement of funding a 2-3 month pipeline before getting paid for product means that we are starting on a modest scale, with 200 tonnes of ore. Once we have established that the pipeline is working efficiently, and that customers trust our product, we shall aim to sell product before arrival at port and so shorten our payment cycle and reduce our working capital requirements.
I have read the above statement multiple times and it really does insinuate the 200mts is an RRR mine to port funded operation and not that RRR acquired 200mt of mined product from a third party.
RRR also quantifies an export as simply driving the cargo they still own across the border and dumping it at a port where they incur ongoing costs.
If I drive a little north into Scotland and leave my tele at my mates house I've essentially completed an export too on that basis - although my export would cost me less than AB's current venture.
I don't expect to see DRC payment before the AGM but I sincerely hope it is days away. I'll not be hanging around for the AGM either way. Clock is ticking...
Banbury I remember Helpful's posts on ALR (lithium) and the millions that were offered but rejected as too low.
Not sure what his share would be their total investment was about $320,000.
Turning that down does not look good in hindsight
I should add quote of the year
" RRR is in a good place "
BB
Lovely post Talkinto.
As many on here will tell you twelve years ago Bell announced we had sold our Greenland iron ore asset for approaching $20m. Share price spiked and the sale dragged on. Payment was announced but it subsequently got lost in the Cypriot banking system. To be lost from sight forever.
He has form on dragging out something that's effectively failed, and then blanking any accountability.
Lithium is history repeating itself and my moneys on nothing ever being exported. Lots of hot air with disconnected elements that are true to save face. But nothing when you scratch further.
I can't beleive he would pull the same stunt on DRC but if payments in days and he's just raised 600k in Dec why the requirement to issue 1.5bn shares at the next GM ? Really suspicious and a red flag.
If DRC doesn't deliver it feels like curtains despite Helpfuls desperate attempts to big up BF and Cote de I. Its only four months ago since he bigged up nothing but the Lithium prospects.
BB - agree the wasted costs are potentially insignificant in the grand scheme but it just further highlights the lack of ownership on the spending. Why incur it if you really don't need to - just leave the cargo where it is and pick it up once you've secured a buyer surely.
As others have stated, why is RRR not looking to extend the life of the business by cutting down on pointless costs in preference of continually issuing more shares.
I'm no longer worried though as AB has verbally stated the DRC payment will be made in days so I've only got to wait till next Thursday latest for the sun to shine again on this investment apparently.
Given imminent has turned to days then surely the only thing holding this back now is an unprecedented pen and ink shortage.
Theeduke-Agreed. Helpful either does not read or does not understand what should be basic management principles.
Unfortunately some people & governments act as if spending money is not positive. Choices have to be made.
These properties (and others) absolutely have value and that value will not disappear in 30-45 days by waiting for the DRC cash.
Planting seeds and making them grow is great but harvesting has to happen too, otherwise your crop just rots in the field.
Ok Dukey, can you confirm when you are going to transfer this £1,000 to Christies Hospital in Manchester? It is over three years, now nearly 3.5 years, you being a man of your world and all that plus mega successful at investing except for investing at the top on BTC and getting well sorted when it collapsed a little while back maybe you should stand by your word?
As to irrelevant, nonsense, boring etc
One of the comments on here is that the Cote d'Ivoire/BF licences are worthless, there is no gold there, no one would be interested, it is difficult and dangerous environment to operate in. The complete reverse is true. Cote d'Ivoire in particular is very active, with plenty of companies investing, doing JVs, picking up licences and bringing mines into production.
Dukey, you might think it is irrelevant because you are not shareholder and you have an agenda but shareholders might think otherwise.
DYOR
Thanks Dukey made me chuckle :)
"Bespoke capital solutions limited accounts filing is 26 days late. He needs to get cracking over the weekend and leave the threads alone"
Ps that his company :
Dukey if you dont mind can you tell him.
"Bespoke capital solutions limited accounts filing is 26 days late. He needs to get cracking over the weekend and leave the threads alone"
Ps that his company :)
Helpful, you have a strange definition of what a troll is.
Many posters on this thread are like "danger signs" helpfully pointing out the dangers. Conversely you are the equivilent of a "danger sign remover".
We know a placing is near when helpful goes into pointless link posting overdrive.
Lets see how many links he posts from now until Monday . .lololololol
xx
Yawn ! Yawn ! Yawn !
Https://www.reuters.com/business/canadas-roxgold-officially-opens-ivory-coast-gold-mine-2023-09-15/
https://fortunasilver.com/investors/news/fortuna-reports-record-2023-production-of-452-koz-au-eq-and-2024-annual-guidance-of-457-to-497-koz-au-eq/
Production in Burkina Faso and in Cote d'Ivoire:
DYOR
Talkinto
They have been rolling back the Lithium story for a number of months.
Logically the port costs whilst an unnecessary waste are insignificant compared to the capital they have tied up in the stock as all the time the price collapses. Cash they could well use elsewhere.
I'm not sure I buy the Lithium line - as said many times just face saving comments
I don't actually think any Lithium will ever leave Beira under the red rock banner.
Happy to be proved wrong.
On DRC he has really set himself up for a settlement in the next couple of weeks. If that does not happen the pressures really on.
I'd love to see any charting analysis on RRR if you can find it, or even a 2024 broker note...
DYOR
Https://twitter.com/graddhybpc/status/1750825785286328503?t=s7eBUAlFSlV7YcDhhrX2KQ&s=19
DYOR
I have no idea of how to repost a screenshot but in the two tweets that RRR posted then later deleted from 16-17 Nov, this is exactly what was said in those deleted tweets.
The 1 photo Red Rock tweet that showed numerous small looking 1 ton bags. It was later discovered to be a lie by Red Rock because it wasn't ALR/RRR lithium ore but an old marketing photo.
RRR tweet said:
"Some of our lithium ore bagged up in 1 ton bags ready for shipment"
.............
3 photo Red Rock tweet. Two of which were not real.
RRR tweet said:
"RRR lithium project Zimbabwe 📷 (A camera cartoon similar to this)
Lithium ore material ready for export, before loading
#RRR #Lithium # Zimbabwe"