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Lastly, before I end on this topic, I noted that the Annual Report started with the share price of Jupiter dropping from x, to y and then z etc.
Therefore, the asset went from some £48million to.....
So, of course this was the BEGINNING....and the reason why is also detailed in the annual report.
It was quite easy to spot. IF RRR HAD SHARES IN JUPITER OF X AMOUNT AT THE TIME, ONE CAN CHECK DAILY THE SHARE PRICE OF JUPITER AND MONITOR IT.
Once it falls, it will AFFECT RRR so one could have taken action in 2012-13.
Hope that helps to explain. I went through the 67 pages quickly but cant spend time pouring over it in detail as its bed-time at 11pm.
Well, it shows that there were ERRORS in the understanding of the royalty as evidence has now been provided the FINE PRINT RNS FROM ANGLO-PACIFIC of 2012 was not just DFS but other stipulations as well as said about capex, decision to mine etc.
Sat, 7 May 2022. This ends the topic. Also, in the interims of 2012 of RRR, I noted that the sale of Greenland was being processed but the financial crisis in Cryprus ....it did NOT SAY THE FUNDS WERE FROZEN IN CYPRUS.
So, appears folks would have had to READ all the interims, annual reports etc to know the details but perhaps in the carry of the news on the forums, the info got lost eg decision to mine etc WERE MISSED etc. All agreements have to be read for the FINE PRINT.
darrentaylor
I have now located the RRR ANNUAL REPORT OF 2013.
Link: https://www.annualreports.com/HostedData/AnnualReport-Archive/r/LSE_RRR_2013.pdf { I copied the link but I am not sure if the address is copied correctly in AnnualReport- or AnnualReport_
"PG 4/76:
PARTIAL SALE OF ROYALTY INTEREST YIELDS US$6 MILLION IN 2012 WITH FURTHER PAYMENTS POSSIBLE."
How did I get to know it was possibly in the Annual Report of 2013 from RRR.
I checked the ANGLO-PACIFIC RNS of 2012 and just went on from there.
So, darrientaylor, ROYALTY AGREEMENT OF 2012 - 10 YEARS AGO WENT THROUGH THE ANNUAL REPORT IN BIG BOLD LETTERS RIGHT FROM THE START OF THE ANNUAL REPORT
on page 4/76 on MT IDA.
See, I check. You can CHECK FOR YOUR SELF and if I copied the link wrongly, then call up "RED ROCK RESOURCES ANNUAL REPORT 2013."
---------------ONE HAS TO CHECK!! I HAVE FOUND IT IS STATED CLEARLY AND ITS IN THE ANNUAL REPORT OF 2013----PLEASE CHECK FOR YOURSELF--------
News, Sat 7 May 2022.
I HAVE LOCATED THE ORIGINAL RNS FROM ANGLO-PACIFIC RELATING TO THE MT IDA ROYALTY DEAL.
Link: https://anglopacific.com/mount-ida-magnetite-royalty-acquisition/
It states very clearly in the this agreement:
" Results of a POSITIVE DEFINITIVE FEASIBILITY STUDY, a formal decision to MINE and 20% of a pre-production capital costs outlined in the DFS being provided for."
Allotment of Anglo-Pacific shares to RRR 416, 161."
Comment:
So, Juno [IPO 'ed in 2021] stated in their latest INTERIMS of Mar 2022 that they intend to COMPLETE THE FEASIBILITY STUDY. SO, NO DEFINITIVE FEASIBLITY STUDY COMPLETED YET = NO DECISION TO MINE or these days what they call, FINAL INVESTMENT DECISION.
The agreement also REQUIRES a pre-production of 20% ...so VERY SPECIFIC in the REQUIREMENT WHICH=========HAS NOT BEEN YET REACHED AT ALL======.
I have to check whether the allotment of 416,161 SHARES IN ANGLO-PACIFIC WERE ISSUED AND WHEN.
One will note that the AGREEMENT is specific to Anglo and RRR in that the fine print does matter and different co's may have different types of fine print. I have not invested in royalty co's like Lassonde so hence why I am checking the agreement of Ango -RRR.
I will see if I can find it as its now late and its so far back to check.
However, it does SHOW that =======NO, MT IDA HAS NO COMPLETED DFS YET=JUNO 'S INTERIM A/CS STATE SO DATED MAR 2022.
I trust this explains as one has to check. So, at the time, you could have checked or gone thru Anglo's Annual Returns, RNS, interims etc to keep track if interested YEARS AND YEARS AGO.
Darrientaylor
Ah, I re-read your post again and you owned shares in RRR in 2010.
A/c to First Equity, the shares rose from 1p to 20p. So, it was a good time to be in RRR shares.
If one owns shares of RRR, then one is entitled:
[1] To attend the AGM and if there is a Q & A to ask about this Anglo Pacific payment.
If it were me , I would also check Anglo's RNS to see how many shares were issued and when and in what form etc.
[2] If one owned shares now or at the time, one is entitled to ask the Nomad.
Examples, Dear Sirs, I own shares in RRR and I would like some clarification as I do not see any shares sold in Anglo Pacific ? Etc.
[3] If no shares in RRR, there is NO WAY TO ENTER AN AGM.
If no shares in RRR, I dont think the Nomad would even entertain an enquiry.
[4] Why do I say this? Its a big event to say it did not go thru IF INDEED it did go thru.
[5] So, what is the POINT that you are trying to make about Anglo?
[6] I just have NO TIME to go though the a/cs because if you were interested you would have had to go thru it yourself AT THAT TIME which is perhaps years and years ago.
[7] As a shareholder of RRR, darientaylor given you are fully convinced that the share sale did NOT go thru the books , then the FSA is the best port of call.
As current holders of RRR, what would be the objective of going back to the past?
It should have been RAISED THEN?
I am of course exchanging thoughts as the above would be your shareholder right ?
I find your post rather interesting, hence I asked because YOU HAVE EVERY RIGHT
TO ATTEND THE AGM OF RRR ETC AND ALL THE ABOVE.
Sat, 7 May 2022.
[2]
darientaylor
I looked at your profile and find that your shares are in the main in the oiles.
I only looked at page 1 of your page to get a sense of your interest in stocks.
I see you have brevity in your posts and therefore in depth research is not your thing.
I ask if in general or in specific that IF ONE IS NOT IN THE STOCK, then why post about a stock one is not invested in?
No, No, No - per your post to me. As I said, I was NOT here at the time and it would take too long to go through all the INTERIMS AND ANNUAL REPORTS to check very carefully. I note that RRR is an investment co just like KDNC and they DO NOT RNS any disposals.
The only way one can see is the % held in a stock - they dont RNS a buy either.
Gunsynd is also an investment co. HAVE A LOOK.
Why do I say about being in a stock. I am not sure that your are posting because you are interested or merely that if others are posting on this forum if they have invested, you dont want any info? Hence, why I asked in GENERAL ONLY - I DONT POST ON ANY STOCK I DONT OWN as I have NO TIME.
-------------SO, FOR AVOIDANCE OF DOUBT-----------
I note that on UKOG at the moment, there is a new poster call l....and I have seen him at KDNC. Now, he has no idea of the PAST of UKOG and hence, I would summise he is a NEW INVESTOR once the RNS on Horse Hill came out recently. THIS POSTER CARRIES NO PAST but the people on the FORUM are saying this and that.
If you are CONVINCED THAT THE MONEY HAS NOT GONE THRU THE ACCOUNTS HAVING CHECKED THE ORIGINAL RNS AND THE DETAILS OR WHETHER RRR IS ENTITLED TO ROYALTIES UPON COMPLETION OF A FEASIBILITY STUDY, I would think the best way is to go to the FSA surely? As for royalties, it is not my understanding that ROYALTIES ARE PAID on completion of a Feasibility Study but rather on PRODUCTION.
By the way, the FS has NOT been completed yet-read the Juno RNS on interims dated Mar 2022. Under Jupiter they did the work but NOT complete it. Quite norm -look at Solgold given the PFS had not been completed UNTIL the prices of COPPER were more upwards. What is the point in spending millions when the price is NOT ideal yet?
Same for MT IDA -Scoping study =US$140/t. Now iron ore is US$150/t and earlier $230/t region. So, $150/t is steady.
I have no TIME TO GO THRU THE ACCOUNTS hence I do NOT PASS ANY COMMENT.
In a democracy, have to CHECK before making X, Y, Z.
Just a discussion to lend B A L A N C E. CHECK MOST FORUMS - THERE IS NO INFO EXCEPT THE CEO, THE CO, THE PAST ETC.
no no no, you don't get way with that, just because someone criticizes a stock doesn't preclude them from owning or not owning, why do you presume that no one reads the accounts, I have held shares in RRR way back in 2010 until I realised AB was a toe rag. and now I just watch the lies and stories unfold. he really should be in the pokey. the shares in anglo have never reared their head in any set of accounts or RNS and trust me if he had sold them and raised the money ie about $5mill he would have been shouting it from the rooftops, in addition, it's not disclosed as an asset held for sale never has been...
darientaylor
As for the disposal of Anglo Pacific shares, IF ISSUED given I was not here at the time, means that it will have gone through the accounts. I note no one looks at the accounts?
I have no time to trace those. However, there are so many accounts on this forum but there is NO actual reference to date of RNS etc. So, Russian etc is not something I have seen.
In answer to Robins as well.
I do not know if you guys are current holders of RRR but certainly if by what you said,
there is no point in being in this stock?
There are better stocks out there I am sure that can fulfil your criterias.
I mean this in a respectful way.
I am here to see what is what for myself and post for those who are interested.
On most stocks one finds that folks must be investing blind. I have just seen MCCOLLS go into administration. On Daily Mail today, it went down with some £90m in debt.
I havent checked whether this figure was in the books but I do know that it was in talks to RE-FINANCE. Some lost thousands so it is obvious folks are investing blindly otherwise how did they think a co going into administration is coming out? Co had warned that even in a re-financing, shareholders will lose out. Same with Sirius Minerals - folks in Yorkshire put their live savings in, pension and every penny they could find. Lots of coverage in the Times etc but just BEFORE it crashed, BANKS WERE REPORTED to be no LONGER LENDING for mineral production especially of the type like the potash from Sirius. If one were WATCHING OUT, one would have known. There is NO SAFE STOCK -FANGS type big mkt cap stocks HAVE CRASHED some losing 70-80%.
So, kindly bear that in mind. Look for something one will be happy with. I always only put in not a lot but I research and keep an eye. If it does not work out say, wild cat drilling, I just walk away and dont post on the forum to moan - no one forces anyone to invest and therefore there is a element of risk one can never discount.
Hope that clarifies in general and in particular.
Sat, 7 May 2022.
Correction I still have all my shares and they are worth around £1000. AB has been a disaster. He has let his shareholders down big style but of course has always rewarded himself. This is the man in charge.
News from memory I thought Greenland was sold for £1. I had 4 million shares at that time. Prior to that AB said all legal duties had been completed with regarding the Greenland sale to a Russian buyer BUT the money was stuck in a Cypriot bank. Anyway we know that was a lie as a poster came on here and said the site was now up for sale. AB hastily issued an RNS to say the deal had fell through. This is the man we are dealing with.
and what happened to the anglo pacific shares RRR was supposed to get on selling half the royalty, they have dissappeared without trace. there is no RNS telling us of their disposal. why have we never received an other penny from angloa pacific on the feasibility study completion... because it has never happened. AB drops the ball again. buthe didn't drop the ball on those anglo shares he has made them obliette, just like Greenland...
Very interesting read of the Red Rock Resources Admission Document of 65 pages in 2005 wherein its lists KENNETH FRANK WATSON as MD and Andrew Bell as Chairman in 2005.
The assets/expl mentioned:
"MT IDA
MT MASON
Mt Alfred
Mt Hope."
Mr Watson is a mining entrepreneur and prospector of over 40 years of experience.
Ops and supervisory at Mt Isa. I was reading some of the post wherein Ken Watson said he was the Co-Founder of RRR.
Interesting that Mt Ida went into Jupiter but then they went on to manganese.
Mt Ida then was spun out to JUNO in a 2021 IPO on the ASX wherein Mt Ida and Mt Mason now reside.
SINO IRON RECENT DAY NEWS OF TURNING IN A $1.3BN PROFIT
This has sent everyone in the industry sitting up. I have checked SINO, the Chinese
co in Australia and it appears to BE M A G N E T I T E iron ore, not hematite.
Mt Ida in Western Australia is M A G N E TI T E and Mt Mason is hematite.
Magnetite needs beneification. Juno's MD said recently they have found a cheaper method to current operations and one has to wait to see.
KEN WATSON posted last year etc to say that IRON ORE is THE thing to be in and billionaires and all that.
So, lets see what happens to Mt Ida and Mt Mason in the coming days.
Pity that RRR that owned Mt Ida and Mt Mason did not keep on to it and expand it further etc?
So, that ends the story of Mt Ida and Mt Mason and how its journey began at RRR.
News, Sat, 7 May 2022.
Caveat: M E L 2017-41 MELVILLE IRON ORE.
Have to make sure that RRR 's MELVILLE BUGT IRON ORE, Greenland sold for US17.5 Million per Edison Broker Note and deferred ==========IS THE SAME==============AS GREENROC'S MELVILLE BAY IRON ORE, GREENLAND.
As this is Sat, 7 May 2022, there is NO ONE TO ASK AT RRR - stock market closed.
I was not here at the time of Greenland RRR so I have to try to figure it out given
Greenland was noticed by others who saw the RRR INTERIMS OF 29 APR 2022.
So, have to CLARIFY ONE MUST MAKE SURE THAT THE 2 MELVILLE'S ARE THE SAME OR NOT AND WHO IS GREENROC'S 49% MINORITY SHAREHOLDER IN MELVILLE BAY IRON ORE, GREENLAND. HAVE TO ALWAYS======CHECK======VERIFY===ETC.
Cant assume?
Sat, 7 May 2022.
That's all folks. Now, just got to wait and see.
"RRR shares surge after it unveils significant iron ore PROVINCE in Greenland."- Proactive Investors UK, 16.12.2011
"COMBINED STRIKE 19KM.
Assays show up to 69.4% Fe in banded to massive haematite & magnetite rich rocks.
Identified 6 major iron-mineralised prospects within the area licence."
Woah, that is high grade. Strike 19km!!? No wonder why the Proactive title said "IRON ORE PROVINCE - indeed 19km ?
LoL.
Sat, 7 May 2022.
I have now checked GREENROC ADMISSION DOCUMENT [420 pages]:
"MELVILLE BAY MINERAL LICENCE MEL 2017-41, Greenland iron ore was granted to White Fox on Aug 2017. White Fox was incorporated for the purpose of applying for the licence - was beneficially owned by Alba and 49% MINORITY SHAREHOLDER."
Volpe's Occupation: Consultant at Co's House, UK Govt.
Chairman of Greenroc, same as Alba ie G. Frangeskide.
Origin of the name: Common name in Cyprus??
Comment:
Does not say who the MINORITY SHAREHOLDER IS.
White Fox has only 1 director ie Volpe.
Address: Via Cavour 37, Piacenza, Italty 29121.
RRR sold 10% for $100,000 thus 100% must be worth $1,000,000
On that I mean white fox holds the licences for GROC it’s part of the same company just a subsidiary holding company
White fox is a subsidiary holding company of what is now Greenroc Resources and was Alba minerals must stress those who aren’t familiar with the two it was a spin out company with some board members remaining on both some going over to greenroc but whilst technically separate are still quite intertwined. Any questions let me know I’m an alba/groc holder
GREENLAND MINERAL AUTHORITY
Official Greenland Govt site listing licences, owners etc.
MELVILLE BUGT IRON ORE
Licence No: " M E L 2 0 1 7 - 4 1"
Licence: " A C T I V E"
OWNER: "WHITE FOX LTD."
COMPANIES HOUSE UK GOV.
https://find-and-update-company-information.service.govt.uk/company/09505250/filing-list
STATUS: "ACTIVE"
DIRECTOR : "VOLPE FERDINANDO"
Country : "ITALY"
ALBA MINERALS: MELVILLE BAY IRON ORE
Licence No: "MEL 2017-41."
---
Note: When it says "active" in the Greenland Minerals govt site it means it is NOT up for renewal nor a LAPSED LICENCE BUT CURRENT. The No Licence MEL 2017-14 means it was applied for in 2017 as I had to go back many pages as they go by YEAR.
Companies House UK Govt also states: "ACTIVE" for White Fox Ltd.
The address for the only 1 director as said is an Italian address.
HOWEVER, THE SAME LICENCE NO BELONGS TO ALBA MINERALS 51% JV.
Now, Alba has spun it out to GREENROC, A NEW AIM LISTED CO.
Who is Volpe Ferdinando and why does he own the MEL 2017-41 licence?
Where is International Media Group who was said to have bought the Greenland Melville Bugt MEL 2017-41 from RRR for US$17.75 Million but was deferred?
This is from a EDISON RESEARCH BROKER NOTE IE GREENLAND RRR SOLD FOR US$17.75 MILLION BUT DEFERRED.
Have to ask RRR if anyone is in touch. ALWAYS HAVE TO CHECK WITH RRR TO MAKE SURE.
Sat, 7 May 2022.
In answer to Greenland sold for £1?
According to Edison broker note, it was sold for US$ 1 7 . 7 5 million.
However, the sale was deferred. From other places, it was said that the co buying it was International Media group, a private co.
I was NOT here at the time of this asset but I note that in the RRR INTERIMS OF 29 APR 2022 there was a entry for Greenland for some £69,000.
RESEARCH AS TO WHERE MELVILLE BUGT IS CURRENTLY.
It is SITTING in the assets of ALBA MINERALS. They took it out of Alba Minerals via a Companies House check and put it into GREEN ROC, a spun out AIM listed co with Greenland assets including Thule Sands, MELVILLE BAY ,GREENLAND IRON ORE etc.
Alba Minerals [now spun out from Alba into Greenroc] has 51% in the JV:
"MEL 2017-41 JORC 67 million tonnes at 31.4% done by previous owner in 2011 over the HAVIK prospect. THE OTHER L I C E N C E STAKE HOLDER IS A PRIVATE MINERAL RESOURCE INVESTMENT GROUP."
How did I find out? I checked Melville Bugt, Greenland and saw Alba Minerals but did not check it initially. Then, I looked into Meville Bugt iron ore and saw the map included HAVIK prospect.
The clue was in the LICENCE NO: MEL 2017-41 for Meville Bugt.
Same as what Alba/Greenroc has ie MEL2017-41.
I then went to the GREENLAND AUTHORITY MINES SITE TO CHECK OWNERS, LICENCE NO'S AND FOUND THAT MEL 2017-41 IS " A C T I V E " AND THE OWNER IS
"WHITE FOX LTD, Co No 10818472."
I also checked International Media Group, the private co that owns the other 49%.
GREENLAND MARY RIVER
There is a world class project at Mary River mentioned in the past by RRR and Alba which is a 350Mt 65% iron ore DSO project. DSO stands for Direct Shipping Ore.
No mention of RRR's Greenland sold for £1 by Robin or another poster?
The other poster posted in recent days about Greenland ie the money is in a FROZEN CYPRUS BANK.
MYSTERY
There is the GREENLAND entry in the latest RRR INTERIMS of 29.4.22 so at some stage, there needs to be someone who knows to clarify. If the asset was again .....then I am sure
it has to be litigation somewhere in the mix as norm?
News, Sat 7 May 2022.
Helpful think the Greenland asset sold for £1. Good deal.
PROSPECT, ASX
After selling Acadia lithium, Zimbabwe to Hoyou for US$422 Million, they have gone on to another project.
https://www.herald.co.zw/prospects-step-aside-project-on-course/
"STEP ASIDE PROSPECT, ZIMBABWE: 4 more MINERALISED PEGMATITES C O N F I R M E D
BY HISTORICAL STREAM AND SOIL SAMPLE,
GEOCHEM RESULTS.
ROCK CHIP SAMPLING UNDERWAY, TRENCHING & DRILLING."
Drilling 3rd Qtr, 2022.
100 hectares.
STEP ASIDE [PROSPECT NEW ZIMBABWE LITHIUM PROJECT AFTER SELLING ACADIA]:
====8KM N O R T H OF A C A D I A lithium. ==HARARE greenstone belt===
15m thickness, ===3.5 KM ALONG STRIKE.===
---
Comment:
Mr Bell said earlier that ASSAY RESULTS will be released once licences have been granted. So, looking forward to what the assays show FOR THE ACTURSUS LICENCE near Acadia [nr Acadia was mentioned in earlier info].
====HOW MANY PEGMATITES ?====
RRR TO SELL ZIMBABWE LITHIUM LICENCES?
Well, the tweet yesterday said; "ASSIGNED VALUE OF $1M."
So, say that take off US$100,000 for 10% sold to American high net worth investors leaves $900,000 = £ 7 3 1, 000 [FX £1=US$1.23].
================SO, PROFIT £731,000 MINUS APPLICATION FEES ETC=========SAY NET £ £650,000 TO £700,000?====
So, to sell or not sell ?
If there are SEVERAL PEGMATITES AND A SIGNIFICANT RESOURCE AT GOOD GRADES, THEN
MAYBE DERIVE VALUE OR SELL IS UP TO RRR.
When the Americans bought into RRR's new subsidiary with 2 said licences, there would have to be a VALUATION REPORT done by an investment bank to see before parting with money. HEREIN, THERE IS =============PRICE DISCOVERY===============
Hence, why Paul Johnson did PRICE DISCOVERY OR VALUE METRICS FOR ALL RRR'S ASSETS in the past when he was an investor in RRR.
That is what I am trying to do for myself and posting my info as Paul Johnson posting figures but no one knows how he got those figures as he did not explain.
RRR is an investment vehicle and hence it is the CURRENT ASSETS that are of interest as they have to be VALUED as best as one can at any single time. It is not like some exploration co's where they have only 1 project eg CGNR in Ireland.
Sat, 7 May 2022.
RRR tweeted:
"It is great that this transaction we are already able to ASSIGN A V ALU E of
$1 MILLION on to our Zimbabwe lithium subsidiary. This infant will grow we hope."
22 hrs ago, Sat 7 May 2022. [Zimbabwe RNS, Fri, 6 May 2022].
LoL- how did RRR get $1m assigned value? Well, the totality of the ZIM LITHIUM must have got grossed up and RRR's 75% has assigned value of $1m?
Presumably, it is US$ 1 m as all commodities are priced in US$.
Who priced it? Obviously, American High Net Worth investors wont fork out US$100,000 without documentation and from the minimum a investment bank of note 's valuation assessment.
Not bad-so its true what the Zim Indy said that these licence [new] holders are chasing profit [massive]?
Thanks Helpful. I will look at your link re: RRR El Limon.
I note that very few people liked and re-tweeted RRR's tweet so it shows no one is interested in RRR until may one day, something or nothing could drop or not.
News, Sat 7 May 2022. DYOR.
https://www.newswire.ca/news-releases/soma-gold-releases-2021-results-825679225.html
at ====US$ 1 . 1 6 5 BILLION====.
So, NOW WORTH MUCH MORE GIVEN IT IS SO MANY TIMES BIGGER.
From a recent article from Australia about LOCAL BILLIONAIRES GETTING INTO MAGNETITE iron ore projects, they mentioned Gina Rinehart and this is in relations with MT BEVAN.
It was said in the article, that RIO COULD OFFER A$10 per tonne for a project over a boundary.
TODAY, A$10 PER TONNE = £ 5 . 6 8 PER TONNE [FX £1=A$1.76].
Edison said US$3.50 per tonne = £2.84 [FX £1=US$1.23]
The same article said that THE INTEREST IS DUE TO IRON ORE AT US$ 1 5 0 PER TONNE.
SINO [CHINESE] HAS JUST ANNOUNCED US$1.3 BILLION PROFIT FROM THEIR IRON ORE MINE so the interest is getting even hotter.
MT IDA VS GINA 'S ROY HILL, W.AUSTRALIA IRON ORE.
Mt Ida is 1.85bn tonnes although in Stockbox Media Interview recently, Mr Bell said the longer term exploration target is 2-3 billion tonnes. Gina's Roy Hill [largest exporter of iron ore] has a resource of 2.4 Billion tonnes.
=========EDISON'S FIGURE AT US$1.165 BILLION TONNES AT MT IDA [1.1-1.3 bt tonnes only then] AT US$3.50 PER TONNE IS THE ===BUYOUT PRICE====.
Iron Ore is US$150 per tonne and any buyer in industry pays an average of A$10 per tonne now vs US$3.50 per tonne during Edison's note on RRR.
==============SO, LETS SEE IF MR BELL CAN PERSUADE JUNO TO SELL MT IDA
RATHER THAN MINE NOW THAT THE INDUSTRY HAS RENEWED INTEREST IN IRON ORE MAGNETITE [MD said renewed interest in Mar 2022 interims of Juno -this is due to Gina and Mt Bevan].
=======CAN SNIFF AT US$1.165 BILLION========
SO, OVER TO MR BELL AND WHAT HE COULD DO OR CAN MANAGE ----SO DONT JUDGE ON X , Y, Z BUT RATHER THE ASSETS ON HAND AND WHAT A C T I O N IS TAKEN?
WATCH FOR RRR RNS OR NOT-that is now the question?
I CANT GUARANTEE ANYTHING as research alone will NOT extract value - it depends on what can or cant be done and OVER WHAT TIME FRAME.
DYOR.
News, Sat 7 May 2022.
Nothing much more to say really. So, that's it.
The Greenland asset went some time ago and it is now owned by Groc.
There are no US investors; the $100k was me and two mates. Hopefully, it will do a couple more rounds and then list or we sell it. The acreage is highly prospective. We should know more soon.
The biggest issue is Zimbabwe but if you want lithium in Africa the main play is Zimbabwe. AB has said we might get some Lithium assets in DRC but who knows?
DYOR