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This is ridiculous. Helpful said the Nomads were shadow directors at 14.41 post. Of course they are not.
News you are neither use nor ornament. You get the context all wrong as the blinkers are on far too tightly
That is the bottom line AB needs to get DRC cash.
AB can give interview say everything is approved and then complain about the news release was not approved by those nefarious "shadow directors'
There you are Theeeeduke - You cannot go to ISCID WITHOUT a statement of claim!!! So, even in theory, one wants to know how much is the CLAIM. There are some guidelines and it is hard to gauge the claim that will be accepted , hence why an Investment Bank is involved in the prep of the Valuation Report for filing the claim. SO, NOT GOING TO BE BUTTONS if it was sold on for US$430m to the major per the RRR broker report, is it? I am quite sure RRR has some idea of the claim as in the interview or reports, RRR has already spoken to counsel, be it formally or informally as 1st base but a 2nd or 3rd view may be helpful, especially from an expert. Helpful, you have have filtered Ban but what he stated must be answered as it is NOT what you said. RRR had to renew the Kenyan licences and Helpful said it is worth flying to Kenya rather than just to do online sort of communication. In these countries outside Tier 1 jurisdictions, it is important to be on hand to sign and make sure there is evidence etc. THANK YOU HELPFUL, re: Oz. I said many things are happening in the gold sector and one that will affect ....and folks are not attentive to what is going on.? BUY LOW, SELL HIGH OR HIGHER - aim. Its NOT BUY HIGH, sell LOW = loss of savings.? 101.
News you cannot go to ICSID without have a statement of claim and a statement of loss. You also need both to able to secure no win, no fee funding or contingent funding or after the event insurance. If it got to ICSID one that thing that other side would demand is surety for costs. The other side would no doubt state that their costs are likely to be millions. Normally disbursements would be covered under the no win, no fee agreement; which would include surety for costs.
If Boring Boy thinks that NOMADS are by virtue of their AIM role "Shadow Directors" then no doubt he can point to the legislation or the case law. In my view it is just him proving again what a muppet he is and how he prattles on about stuff he doesn't understand: maybe does understand but it doesn't suit his agenda.
I have Boring Boy on filter and have had for some time.
DYOR
Dukey - add in
- Kenya worth $60m
- ALR put it through the first equity model $100m.
- Elephant next to Renaissance in Namibia worth millions.
- FASO he said anc I quote 19 tonnes a minute processed. The fact sheet said otherwise. Mobilisation in 16 days.. 900m from coast. Its rubbish
- Cote de Ivory. Money maker. Canadian conference. Nothing happened
Helpful Lundy is full of s*it and more and more are calling him out for and no other word is appropriate. Lying.
See how Banburboy has stated: Helpful: Nomads ARE SHADOW Directors. Helpful said: They are moving into shadow directors territory and this could get them .... I cant see all the posts as the immediate one is not visible. So, from para phrase. Theeeeduke: HELPFUL EXPLAINED TO YOU that when the CLAIM GOES IN, it will be X, Y, Z amount. NO ONE DECIDES WHAT IT IS--AN INVESTMENT BANK , preferably Tier 1 has to provided a VALUATION REPORT and this will be submitted to the International Tribunal. So, YES, IT IS MATERIAL that one would like to know the range. I cant recall all the interviews by RRR on this, as I was not paying attention to the total writ of claim. YES, IT IS OF INTEREST even if it is academic at this stage as the components of the claim need to be clarified. BY THE WAY, RRR JV PARTNER IS NOT ABLE TO FILE AT THE INTERNATIONAL COURT OF ARBITRATION TO GO FOR THE 2ND PART ie the asset was sold on to a major. Why? Britain has investment treaties with DRC but the JV partner is in the DRC and that means it is not subject to international tribunal as it there is no investment treaty DRC vs DRC. So, it will have to be a local case at best or worst.? NIA. DYOR.
What’s the best quote of helpful - RRR is in a good place or a 4 billion claim 😂😂😂
Yes, Helpful, I am aware of the new slant, let's put it that way akin to bank staff of junior levels, not knowing when it is MLR but they freeze anyway to be "conservative", hence why the Ombudsman gets thousands of case work every yr. 750k bank accounts have been frozen in year 2022 alone, I recall. Now, the same is for NOMADS. Hence, to me, it is the same fine line but in law, one has to "DEFINE". In the case of a contract agreement, what qualifies as fulfilment of a book contract agreement? If it goes to Court, it can be very subjective based on precedent law etc. So, one author legally specified eg the work is to be delivered on x, y, z date and it is x,y, z no of words etc. The finer the qualification, the less the room for open legal arguement.
I would like to touch on a few points: [1] Today, one poster said he lost a "FORTUNE" on RRR. So, I decided to look at his history. I was SHOCKED that only a few of the 136 odd all time posts have been retained and the REST ALL WIPED OUT ie deleted? Rather strange as mine are all intact as norm. I wanted to see what the poster means by "a fortune". Fortune can mean many things to many people. [2] I have realised today that many who have LOST MONEY on RRR have not taken the precaution of due diligence of a sort that meets the minimum THRESHOLD given ONE'S SAVINGS is involved. [3] HELPFUL- YOU ARE VERY GENEROUS AND FORGIVING TO BANBURYBOY per my perception and understanding? Why? This gent REPEATS a line on every post he mentions you but he has made the MISTAKE of Law 101 to REVEAL WHO YOU ARE IN REAL LIFE ie YOUR FULL NAME. He also reveals YOUR PROFESSION & therefore, your living is at risk since he put a judgement on NO SUPPORTING EVIDENCE that can hold up legally. One is taught Day 1 in Law 101 but two points of law have already been faulted. [4] This gent has called me names of the sort that the LONDON SOUTH EAST website has banned posters for permanently and I dont need to mention what. So, I am also being GENEROUS and FORGIVING as it is Easter and when life is over, I hope for mercy so have to show mercy. [5] I do sympathise with people who have lost money. Do folks remember SIRIUS MINERALS, the Yorkshire potash co.? Well, it was in all the newspapers wherein people invested ALL their savings, drew out army pensions etc to put into the co. However, the co stated in the RNS that it was dependant on BOND borrowings. The night before, it was published that BONDS were going to be shut off in general and therefore, no BOND could be raised. The sp fell or rather it C. So, it pays for folks to put their heads together to research what is happening in the market place rather than not do 1 bit of research of the RIGHT TYPE. [6] NO, BANBURYBOY may have got the wrong idea that the NOMAD is or should be the "SHADOW DIRECTOR". I have not bothered to read the rules in detail but I have an overview. [7] What is of interest is that there is micro-managing on this forum by an ex-NED or as he said ,?
Nomad are shadow directors.
Its priceless everybodys fault but RRR as we are in such a good place.
So there we have it.
The world's worst Investment Advisor blames the Nomad for all RRRs failures.
Helpful if ever a company needs a shadow director it's RRR as the current lot and CEO are s*it.
Well done NOMAD for bringing a sense of decency and honesty to this chimps tea party.
News, there is an inherent conflict between MAR and the AIM Rule Book. The primacy is with MAR but old school types like our NOMAD and the Management of AIM think that they can still rely on the discretion in the AIM Rule Book.
I can tell you for a fact that AIM has been putting pressure on NOMADS to act like a quasi-regulator which ends up with them trying to restrict what can and cannot be said and when. Some RNSs take days to work through the system, even though MAR says the market should be notified immediately: some take even longer.
In my view, the NOMADS are getting themselves into "Shadow Director" territory and will end up with some of them causing problems for themselves.
As to work load, I know for a fact that AB does 16/18 days on a regular basis. He has to operate across at least three different time zones. In DRC they tend to start late in the day and then continue to the early morning. At the moment he obviously has to spend a lot of time on the phone to Australia; ideally he needs to get himself out there but first DRC needs boxing off.
DYOR
It will only take one word to conclude the DRC payment.
I think the BBC should do a new series of only fools and horses. Bell can play Del boy and helpful can be Rodney 🤣
Its shocking that such my post received any contrary view
IMO the AIM REQUIRES disclosure on significant events thus it is not up to a NOMAD's discretion to deny permissions a RNS on that issue.
Helpful completely missed the point of a NOMAD
Banburyboy: Has commented on Helpful's post and states: that NOMAD APPLIES "CHECKS & BALANCES."
HELPFUL'S POST: "WHEN AN ANNOUNCEMENT NEEDS TO BE MADE, I AM SURE THAT RRR WILL WANT TO ISSUE ONE, N O M A D PERMITTING. Let me explain: When Helpful ends the sentence with a , and "NOMAD permitting" , it is an emphasis on LEGAL QUALIFICATION. The comma does suggest in legal lingo, that the two sentences within 1 are separate, hence why one is taught to be very careful with COMMAS especially in legal documents etc. Why? They could give a difference slant or interpretation or emphasis etc. Helpful RIGHTLY places the NOMAD's position as the "REGULATORY OVER-SIGHT FUNCTION" per the AIM Handbook, London Stock Exchange. How? Where in doubt, reference should be made to the NOMAD who will advise etc. So, I have asked for an INTERIM UPDATE /RNS and so has another poster on Twitter. But I am also aware that it needs to be of a "NOTIFIABLE " nature to issue an RNS. When, it is "MARKET SENSITIVE", an RNS MUST BE ISSUED. The Nomad will look at the RNS first as norm for oversight and at times, it must also go to legal counsel to review thus it takes a bit of time [yes, I have seen an RNS mentioning it goes to a legal counsel also in 1 co RNS]. So, what Helpful is saying , folks when it is market sensitive per the rules, then a RNS will be issued by RRR, "NOMAD PERMITTING". Why? There is a fine line between "market sensitive " and border line mkt sensitive , is there not? So, AIM HANDBOOK , LSE states: The co should refer to the NOMAD and this is the best protocol procedure per the Handbook. But then, a NED should know shouldnt they?
HELPFUL'S POST, 12:18 NOON, WED, 27 MAR 2024 VERBATIM: "WHEN an announcement NEEDS to be MADE, I am sure RRR will want to ISSUE ONE, N O M A D permitting." [Open & Close bracket, verbatim.]
vs "Helpful re: RNS to be made, NORMAD permitting." 13:31. 27.3.24. "This post seems to suggest that a NOMAD could reject an RNS which needed to be made. Is an RNS up to the total discretion of a NOMAD? So, if the cash was actually received in RRR's bank a/c in London, a NOMAD could reject the news?." [Verbatim from a poster.]
BANBURYBOY OF THIS FORUM SAID HE WAS A NED [Non-Executive Director]. Now, we await this NED's reply as he must know the AIM Handbook rules very well of the London Stock Exchange IF he was or is a NED? One waits for the answer.
Great Post Spec.
Lundy is pi**ed off as NOMAD applies checks and balances.
The worst Investment Advisor in the world has no time for proper corporate governance.
Let's just make up information - Lundy
All we get is another episode of that pointless soap Neighbours.
Helpful-re: RNS needed to be made, NOMAD permitting
This post seems to suggest that a NOMAD could reject a RNS which needed to be made.
Is a RNS up to the total discretion of a NOMAD?
So if the cash was actually received in RRR's bank account in London a NOMAD could reject the news?
If lithium exports were made to China a NOMAD could reject the news?
If alluvial gold production was actually happening the NOMAD could reject the news?
Perhaps the cash from sale of Greenland happened by the NOMAD rejected the news?
Your suggestion is absolute rubbish
Whats our official market cap now?
Neighbours
https://x.com/KoboResources/status/1772962462247059457?s=20
DYOR
Thanks H50
If Bell really beleives Russia has a technological advantage over the west in missile technology ( which 95% of experts would refute) he clearly lacks any type of perceptive balance.
I know he loves Russia and Putin. Not only is he a woeful CEO he clearly has a bankrupt morality.
Nothing to do with FASO and Wagner. This seems to be who he is.
Bell is happily tweeting away on X concerning the Russians, someone told him to stop tweeting on personal matters during business hours, he rebuffed the individual suggesting he (Bell) was overloaded with work and had done XYZ loads of business in the day and night.
Make of it what you will... https://x.com/ABell2019/status/1772972133355802760?s=20
He's been particularly quiet on the progress on this.
Six months ago he was battering me and others to key the numbers into the first equity model. $100m he said. Heaps better than Prem he said.
Where are we now ? 200 tonnes of someone else's Lithium brought at great expense gathering dust forever. Highly unlikely to be exported in any proper classification of the word " export". Misleading at best untrue at worst.
Talk about riches to rags. Lundy Promise the world deliver nothing.
Lundy owns 10% of ALR !! Talk about vivid imagination.
Don't take advice from this fella
Unfortunately it will never arrive I wish I could say differently Two many projects on the go
Flipping from
One to another promising this and that it never happens I’m sure RNS after hours tomorrow telling us so and another raise on the way all these valuable assets Yeh right I’ve lost a fortune here lesson learned Constant lies Absolutely shocking
Oh, Ho. At HL, to buy, quote is 0.0695p.
To sell is 0.065p. I am testing money rather than no of stock. Soooo, close to 0.07p to buy [Spread is 0.07p]. Spread to sell is 0.06p. Current state of the market.
Where's the @bloody money we are owed?