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Trade: JB, Vector, Winmar, Force4. His partner was John Boardman. Boardman was an interesting chap.
Dunning-Kruger effect.
What if the reason for the conversion is to secure the price for the warrants?
What if the reason for the conversion is to gain further exposure indirectly to ALR?
Have you worked out what the current implied price is for ALR using RRR's SP/MC?
If, a word indicating conditionality, the implied valuation of ALR is zero in RRR's SP/MC then converting and locking in the warrant price is good business.
What is ALR worth? Well it is certainly not zero but something higher. The last money was put in some time ago. Since then Tin Hill is permitted, new licences granted/transferred, EIA process started on the other licences and after close inspection Tin Hill appears to several times larger than originally thought. So what is it worth?
Converting at about a£4mil valuation ie., about $5.2mil looks to be good business if you want to increase exposure to ALR. The FEQ report from January 2023 valued ALR at $39.2mil gross: £19.6mil net unrisked and $12.8mil risked to RRR. If the news from ALR is correct that valuation is now incorrect and is a minimum of four times out and possibly 12x out.
As long as the work continues and the current lithium price holds then ALR will continue to increase in value as the work programme is completed: EMPs, EIAs, EIA certificates, permit to sell etc.
NB Beaconing is required for the EIA not the EMP. This means that they have already taken the first steps on at least some of the other licences. You don't go to the EIA until the EMP has been signed off.
All in all, ALR looks very good. Talking to the Chinese about off take agreements is a two edged sword. Prospect was talking to Chinese companies about finance and ended up with its project being taken over.
DYOR
Price is set at 0.20+, you are talking nonsense to deramp. Again lots you can criticise them on but not this. Few things need to click into place and RRR can catch up with MARU mkt cap. RRR should be able to eclipse there 1k tonne per month operation. Jason Brewer is also marmite, left a bit of a mess at gcat and a few others having worked with the infamous Landau so we know how sentiment can change quick.
MARU have $3.75m converting at a substantial discount to there current price of 14p at 3.75p.
"Under the terms of the Subscription Agreement, a subscription of up to £3.75 million through the issue of up to 100,000,000 new Ordinary Shares in the Company at a price of 3.75 pence per new Ordinary Share is to be made through a staged equity investment across five equal tranches."
MARU KOD PREM are a good blue print for RRR now.
CLN holders 'converting at a premium' is not all that accurate. CLNs were issued at
12% yearly interest (1% a month) and 6% arrangement fee. Another 6% arrangement fee
now added. So anyone now converting CLN gets 13% interest plus 12% fees = 25% total
RNS states the conversion price is 0.20196p but add the rolled up 25% fees/interest
you get an effective real price of 0.15147p. Selling converted shares in the market
will achieve around that price so CLN holders are getting back their initial outlay.
If holding another 11 months with 11% more interest the net price would be 0.12925p.
So CLN holders are taking 0.15p today, knowing they can sell at that price, instead
of converting at 0.13p in July 2024 with a share price potentially below that level.
Doesn't really show much confidence.
Spot on. If all this talk of partners, offtake etc is waffle to get a fundraise away then he is fooked because it’s the last throw of the dice as regards bullshiite. Unless of course there is a fire sale to pay off debt, Bell really is in the last chance saloon.
Lomax, you just carry on trying to manipulate the share price. You being a socialist, manipulating the share price must be for the common good.
I will keep posting analysis and information sources.
I really hope RRR does all the RNSs intra day for obvious reasons.
xx
Banbury - with respect my position is not based on Helpful being here for 5 years or whatever other beef you guys have. Its based on what the company executes in a time frame i deem it to be reasonable. You have to understand i've been around the markets for some 15 years, I know RRR/Bell very well. I think the risk v reward is very acceptable from £3.8m as Bell once again like it or not has an opportunity to go from villain to hero like GR of PREM and many others.
As i've said the next step is to enter into binding agreements with these parties, the moment they do the project is then hugely derisked because you have pricing terms, a mechanism to get your product to a willing buyer, the market will then take this up very significantly as it will forward price the revenues/profits very quickly. The project becomes real at this point. Thats when things go the other way very quickly and you get moves like you did in 2020 from 0.16 to 1.20.
Helpless are you real? And you are not trying to manipulate the price merely helping poor folks out with your wisdom. 🤣🤣 what a narcsssist
Ha! Lomax, a bit of self-awareness.
I am in here because I think there is upside. You are here because you think you can manipulate the share price to your advantage. Not quite the same.
Not the only news Trade but duplicitous conduct on DRC means treat with caution any other news.
I note helpfull is bigging this up massively. He's been doing that for five years and any one investing would have lost a fortune. Let's get DRC over the line before we big up further Glencore claims. If our Glencore claims had any merit they would have taken us out by now
You call us trolls I like to think that we are the Ying to your Yang. You Mr Lundy are talking up your own book, you have loan notes at .002p, you say you own 10% or so of ALR so you are a ramper. You are only here to help yourself as we all are
LOL Helpful, always going on about Glencore. Red Rock getting money from them is never happening.
Also why don't you let Glencore know that you think they are crooks?
This will be the Glencore RNS from a few years ago:
https://www.lse.co.uk/rns/GLEN/katanga-announces-agreement-to-acquire-land-rights-fv11cerfyb01a1p.html
Banbury - I will not be here by xmas waiting on it. I said to you before if i don't see tangible progress in a time frame i deem to be acceptable i'll be gone.
I see good enough movement on the Lithium asset to stay positioned for now, i expect now for RRR and ALR to convert the contract mining/partner/offtake/Chinese sales discussions to official contracts and binding terms so we can see what pricing/tonnage/life of mine will be and commencement date for exports to begin at Tin Hill. That is what i am looking for next.
Trade you are really optimistic on DRC.
I've a funny feeling your enthusiasm might taper as we approach Xmas and the excuses are wheeled out.
Many on here have seen all this before let's hope it not a repeat :)
Seems like the coffee is being prepared and some of the trolls are starting to smell it.
DRC will be fun but Glencore will be much more fun in due course and it looks like ALR will be a money making machine. 😎
Fingers crossed 🤞
DYOR
We are saying the same thing about the judgement, its been ruled in rrr favour and rrr have signed it. We need the other party to sign it that is the delay so far but Bell in the interview seemed hopeful of getting that call to fly out there for funds transfer.
Its not the only news now - lots of contract announcements and terms to be agreed for lithium sales to begin now.
Lets see hopeful of a few announcements intraday any day now.
Lithium project:
- terms with offtake/contract miner/partner
- samples being sent to chinese buyers for export/pricing terms and contracts with them.
We know this could now be a larger than 5k tonne per month operation at just tin hill - $5k tonne per month at $1500 a tonne = $7.5m per month thats $90m a year or possibly more now from just 1 licence.
DRC $7.5m:
- we await to receive the signed document and indeed if we do see him suddenly flying to the DRC now we know its done.
Atb
If the other party hasn't put their mark on the documents then you hasn't got a signed judgement.
And for the doubters only Bell would have the neck and duplicitous nature to pull the DRC stunt twice. :) Helpful will of course shrug it off as no consequence other holders may think differently.
The judgment is signed he said, it’s the other side that won’t sign. Not difficult to understand is it 🤫
Some will have watched that video and be very happy with Bell because if in the near future he tweets he is going to the DRC along with maybe a photo of a piggy bank, that will no doubt spike the price. Saying that last year around June he was going to the DRC and he said he wasn't returning without the money; in a proactive interview he said they were all going to gather around a table and the money would then be divvied out. Yet 15 months later still no money.
Yes when we get the signed judgement (that has already been ruled in rrr favour and vetted by the uk nomad) by the other party. Not difficult to understand.
Bell slipped up in his interview when he said “ when we get the judgment” he said in June that all judgments had gone in their favour. Which is it.
Duke I would not stop posting.
You are right. RRR cash burn is eyewatering and a raise is inevitable. Debt is oftern hidden and in some case the accounts publication delayed to keep it so for longer. Its called sharp practices and dodgy governance.
Bell as you say has been duplicitous in the past and unlike others on here I'm not convinced DRC will happen. Others have pointed out the lack of public documents or independent news and it does raise doubts.
This board seems more upbeat than normal so good luck to investors. Let's hope I'm wrong on all three counts :)
Agreed fella, things with CLNs with the likes of Riverfort etc, they never play by the rules and will decimate the price to get more shares, so definitely a good thing to get rid of them. Honestly tho from your last post you should and would think RRR have plenty of cash left, unfortunately Bell has proven he can burn through money quicker than you could ever imagine, plus until the Annual results come out you don’t know what other debt has been taken on - For example the 50 million warrants are two an unsecured lender ?? Surely we should have but more detail around that ! But as I have said before if DRC money hits RRR bank account, or lithium sales/production starts this will sky rocket ! Apologies for being such a negative poster on a share you invested in, it is purely due to my hatred of Andrew Bell and how I believe he is a parasite and the complete opposite to Robin Hood. I wish you well here trade desk and will try to refrain from posting here as if DRC money comes through or lithium sales start and someone sold or hadn’t bought due ti my comments I’d be gutted ! Good luck all ‘