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That we get a drop on 33k sells, but 1.4m buys was ignored ? perhaps MM was PI--ssed of they never got any of that 500m issue today ? FK KNOWS... see if we get anything on slippery Friday, one of our luckiest day for RNS
I heard that Glencore punctured the tyres on the truck carrying the lithium!
TDT
Wasn't he also in Zim waving off the first consignment of lithium?
TDT
----------------RRR shareholders--------
In light of the finer detail on RRR DRC Draft Award $10m & $430m [51% to RRR], it is NOT in RRR shareholders interests not to see RRR SURVIVE to potentially collect. That is standard to all litigation in general and in particular. Is it not? Thur, 18.4.24.
Helpful how secure will our operations be bearing in mind the behavior in Congo and the fact we could have lots of gold. I am sure you will have discussed this with AB.
-------------------David vs Goliath ------------RRR DRC [$10m Draft Award and potentially $430m [50.1% RRR] int. arbit]..
So, very clear now, folks.
One person has asked A.B, Chairman of RRR on Twitter.
I think the title is apt with thanks to Help. Thur, 18 Apr 2024.
"Just back from a one day trip to Kenya and already planning for a longer trip to Burkina Faso. And I so love the English Spring and I keep missing it ..."
He has said he has to be there for the start of operations: he effectively has said that operations are about to start.
DYOR
Tactically, RRR should only approach Big G after all proceedings in DRC have finished.
Once they have been finished and all doubt or arguments about the assets being JV assets has been removed that is when RRR should start the process.
It will also take a little while and some cost to put everything together. It is step by step.
DYOR
Yes, I agree with the position of RRR and its establishment of its rights in the DRC commercial court.
Ah, that is now the answer that is very enlightening. I was NOT here at the time of the VUP litigation and that it was NOT only vs Gecamines but the Big G as well. I was a bit puzzled as to how Big G is not budging thus far?
NO, for the avoidance of doubt, I was aware that RRR's rights to Musoni was established in the DRC earlier award vs VUP in the $5m case. Thank you. THIS NEW ASPECT OF THE DEFENDENTS [PLURAL] WAS NOT KNOWN TO MANY OF US AT THIS TIME GIVEN MANY OF US WERE NOT HERE ON THIS FORUM THEN RE: VUP VS G. & BIG G. THANK YOU.
I will put it in another way. Be it whatever the situation, it is clear from the DRC arbitration award earlier of the $5m relating to the VUP, it has established the RRR rights as per the latest RRR RNS/s.
That said, it is the defendant/s that will then matter in the next stage to come. If so, then the state para company seems to be the most obvious first defendant but it was not clear in the Clear Capital Broker note on RRR. Any ideas? Thanks.
I think this is something that has to be enlightened upon as we wait [holders].
News, you need to be crystal clear on your thought process. This all would have been examined as part of the court case RRR joined in with.
VUP was jointly suing Gecamines and Glencore for non-payment of the $15mil, having already already received $5mil. RRR joined in when the case became public. If there was any doubt about ownership, how and why did RRR manage to get a substantive judgement in its favour plus a judgement for costs and compensation. This was in the Lumbumbashi Commercial Court.
This all would also have been examined in the Arbitration Court and was by a senior judge. If there was any doubt about ownership it would have been revealed by now.
It is a non-issue, it is a dead parrot.
DYOR
Bell tweet, 2 comments so far.
https://x.com/ABell2019/status/1780903008894632199
Right.
So, further to the situation of RRR/DRC, it then goes to follow if there was/ is a mining register, RRR's name would be on it for Musoni or rather the JV Congo co. This is further to your earlier post on RRR/DRC vs Mr Poster on this forum who said this and that which contradicts Clear Capital broker note.
It would now appear that RRR would have to have been on the Cadastres or the JV co. This is the burning question that has been missed info and one to which RRR stated RNS/position is clear. Thanks.
Call me whatever you want Delboy 🤡 🤣
Doggie, you don't even know what time period is relevant. Perhaps we should call you sheepie?
News, it is how long is a piece of string. It will be down to the board or new board in due course. Likely over at Kilmore we have lithium and rare earths as well but who knows if they are commercial.
They have to balance having enough cash to list for max value with dilution caused by the pre-IPO round.
DYOR
Helpful 'The loss of shareholder value is down to Glencore's behaviour.'
I think we should blame Glencore for all previous losses before that period too :)
News, they are called a Cadastre; Burkina Faso, CDI and DRC each have one. I have been all over the CDI one to check out who is operating near to us. Like at Lake Kossou we have Koulou Corp to the North and Kobo Resources to the South.
The Cadastres are online.
DYYOR
Thanks
LoL. I saw that. It came onto my feed on Twitter. Think it was an interview with the CEO.
Https://www.lse.co.uk/rns/FMET/acquisition-of-sylvanite-gold-tailings-project-yz5d03su24ulw2k.html
Note 67,051 oz of gold: no 43-101 or JORC. Fulcrum is paying at least $340k.
The Macalder Tailings has similar gold in a Measured JORC plus silver and copper. If I remember rightly, it is 1.24mil oz of silver and 0.3% copper.
DYOR
Typo: was etc.
One last puzzle. Relating to the RRR Australia potential IPO, there now appears to be a pre-IPO $500,000 situation for drilling prior to IPO. That is fine at Berringa. How about Kilmore ? Or is this going to be SOLD , spun out etc?
The same Sam and Willem who thought Tin Hill.was the next big thing if I'm not mistaken !!
Gold every *ucking where !! Says are very professional geogologist.
Speculative you seem glass half empty today. I thought you were quite bullish two weeks back ?
RRR could front a behavioural science case study. Watch how DRC and 200 tonnes slips out of all consciousness as our cheerleader Lundy leads us by the nose to the next big thing. Deflect and detract move on from failures extensively ramp the next big thing to maximise his profit on his placing shares.
Help
Relating to your post which is insightful, may I ask if at that time, there is a mining register.
For example, in Greenland, I could go to the Greenland Mining gov site and see ALL the mining licences by number and what type of projects ie iron etc. I can also see the STATUS of the licence eg Active etc. I can also see , on public file, the name of the licence holder and how long the licence last for. Holders used to check for one AIM stock , not RRR.
In this regard, I recall somewhere that in DRC, it was not available. Is that the case and has that changed now? Many of these countries still have paper filing. Thanks.
If the dog hadn't stopped for à dump"itcwould have caught the rabbit LOL
On April 4th RRR/AB made this comment
“The first team on site will be preparing a report giving further detail that we will hope to be able to share with the market as early as next week”…
just checking to see if there is any disagreement that a week consists of 7 days or that its been 14 days since that post.