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On a lighter note and I seldom post tips but I really like ZPHR. Fully funded oily. Good production waiting on news of a well that was so powerful it blew up. They were insured but have patiently restored all kit and plugged with cement. News soon and limited downside but potentially could double depending on results from blown well. Interesting to benchmark against RRR. Know which one I prefer.
Panda - it's an old fashioned concept called ethics and morality. Helpful has ramped this for years and lost anybody listening a fortune. We're he just an ordinary SH like me and you that's fine. As you know he confesses to lending the company money being a CLN holder holding discreetly in ALR and Elephant. Add to all that he's a financial advisor. Nobody can stop him posting but he would be strongly advised should he take advice not to. Ultimately his call and its definately dull without him. I quite like being known as boring.
There seems to be a concerted effort by derampers to try and stop Helpful from posting information here
Hi Helpful - I thought that would goad you out of hibernation :). Looking forward to some posts on Lithium copper and gold prices. Welcome back.
Everyone on here seems to think he's called Stephen Lundy. The location of his business fits with the solicitor location. Mr Lundy again is listed as major holder in Elephant and ALR.
All the evidence from posting suggests that's correct. I find it amazing someone in that position who has quite clearly done well for himself would think it even worthwhile let alone appropriate to post on here. Clearly a man with a few personal flaws and ego issues in my eyes.
Playing devil's advocate careful what you wish for as its dull on the board without him. He's a great lightening rod for the many who are enraged by AB and this company. Only the intellectual collosases Maqsood and RIA to use as foils now. I like Speculative and Trade as they have done their research and are taking a calculated risk.
Boringboy, still making stuff up. If there was a World Championship for talking out of one's fundament, you would be favourite.
Yes Banburyboy I read all the posts. If he is a financial adviser you thought he would know better. He does have a habit of knocking most posters on here which really only reflects badly on himself.
Targa AB would spin a shoe with a hole in as a golden slipper. No news on DRC in that context sounds ominous to me.
Quiet because we're all praying the DRC money comes in
Robins - did you not see the debate with Speculative about insider trading and my complaints to Helpful that he was conflicted. He very foolishly put his solicitors name and company on here ten or so days ago.
My advice to Helpful was talk to your solicitor its clear that you have knowledge as a debt and CLN holder that we are not privy and as such are conflicted.
I suggested he ran it by his solicitor who I would guess would advise out of an abundance of caution Helpful should stop posting.
Immediately after he did. Very naive to put his solicitors name and company on here. Speculative was more forceful in his views.
Helpfuls last post was 6th. September. I would love to know why he suddenly stopped posting?
Very quiet on this board and in trading volume
You never know what’s around the corner
What a huge mistake it turned out to be for JFK
I've said it before they should rename this outfit DRR .. Dead Rock Resources . first ever share I bought , what a huge mistake that turned out to be
Good luck with it.
Let's hope DRC is delivered and you make a profit
Banbury- I do not place "trust' as an metric. All CEO's operate in their own best interest that is human nature. Expecting something different is foolhardy.
Of course "ordinary shareholders' are not on a level playing field. Again expecting something different is foolhardy
issues like transparency and 'proper governance" are always in short supply at a small public company- Again (3rd tine) expecting something different is foolhardy.
example- UK regulations do not force a RNS for small loans (under 200k) so RRR like all the other public companies does not make a RNS- Is this due to poor management or a desire NOT to be transparent? or merely complying with regulations.
RRR needs cash to operate as do all non revenue producing companies. THAT IS A GIVEN. Rasing funds will happen from 3 sources
-issue new shares
-borrow
-sell assets
If you dont like that AIM investment rules dont invest invest
Speculative you won't go there but the elephant in the room is trust. RRR is run by the few for the few. Helpful gave you an insight into that. Spikes are generated deliberately to get the few a profit on placings that are significantly below par.
Unfortunately you ordinary shareholders are not on a level playing field. You cannot judge RRR just on fundamentals. If you do you need to discount significantly for the trust risk.
Good luck with it but over many years others have learnt to their cost that trust and transparency and proper governance are in short supply here.
Smooth talking- your post implies that is a negative. Its NOT It is a job requirement for any CEO of a public company
Yes I first got in at around ..60 Why? Congo I thought 3 years to accomplish. I bought knowing RRR was non revenue producing and would need cash. Personally I thought RRR would wait to get the cash before expanding. They did not and needed a lot more cash when Congo did not happen quickly
ALR/Lithium looks very promising.
I averaged down at .2
IMO Congo will still happen and ALR/Lithium will generate ongoing interest
My best guess is less than 30 days for something to break
Of course RRR has problems. There is a reason the share price is down.. I dont blame AB for getting paid however I do fault him on his strategy-too many projects in too many countries. He mistakes activity for productivity. But at least he works hard and tries.
There is a lot of noise on Congo. IMO the court victory means RRR will ultimately be sucessful but RRR still has to deal with the political players fighting for the old corrupt way who are resisting the change. That takes time
Sounds a much less promising risk reward to me. A quantem shift from small scale production and sales. Lithium prices very volatile and at a seasonal low. Chinese tough negotiators.
All that and very questionable governance. This is not Canada and AIM is a lot like the wild west. You are very brave.
Really? go back read/listen. laws/regulations changed. ALR/RRR had to change their production model. Now they are looking at contract mining and selling to Chinese. Much larger operation means more time planning etc
Hopefully the Chinese are interested and will fund
Full marks AB for a misleading statement.
"Now we have our licence we can begin mining and start shipping immediately".
Even I thought this sounded good.
Three months on Friday will have elapsed.and nothing.
Anyone know if they have mined anything ? Or shipped anything ? We were shown photos of the stockpile.
I have re read the last three Zimb in all honesty their is nothing of substance in there. I do wonder on reflection why the herd got excited its a nothing burger to coin a phrase.
...and AB has almost perfected the art of smooth talking😇