Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Supposedly the $15 million cash is being held and wont be disbursed until there is a signed Arbitration Award which is also agreed to and signed by both VUP and RRR. So in theory both have an incentive to act An additional $2.5 million was awarded to RRR as result of VUP receiving the first $5 million payment. I suspect that money is long gone and the only way to collect is take away from Vup''s 50% share of the $15 million being held. I suspect the sticking point in writing of the Arbitration Award would if there is any conditions on the $15 million (meaning does RRR get an additional $2.5 million now or does it have to try to collect from VUP (never going to happen)
bottom line- Is any of the Congo cash narrative real?
**Can AB/RRR actually put together a serious mining project that they control if not pivot to Oil & Gas and take an non operator role and let a technical team put it into production BTW I dont see the new consultant adding depth to mining team to place any mining project into production
We're gettin' the band back together.
Here’s my thought for what it’s worth
(1) DL brought in to take over AB
(2) RRR struggling to get placing away so in last desperate bid have brought DL in the serial pump and place merchant
(3) They know all of thier project ls are dead, have seen what CRCL has done since getting rid of Bell, changed strategy to O and G and share price has rocketed - Looks like they hoping they can copy and the market is that fickle
Is sooooo corrupt. I've witnessed how business is carried out.
Its all brown envelopes,even the aviation authority!
I doubt very much any RNS will come with the header DRC arbitration award received.
As I said it's all about under handed deals " I'll scratch your back if you'll scratch mine"
I have a suspicion about this cash,rather a portion of it.
Remember AIM is a ceasepit of cavalier make believe Directors,they're not in this game to make shareholder rich,ARE THEY.
Its rather all about feathering their own nests.
Think about it,how many times do we read the posts on AIM
"Where has all the money gone"
There's absolutely no transparency with cash deals,what we àre told is most often not half the truth.
Goes without saying you can disregard most RNSs and indeed Final accounts
There's only one or two individuals in this farce benefiting handsomely.
Ummmmm where is that Congo Cash!!!!!!
I have a good idea
If DRC happens and anything over $2.5m is received I will cease posting on this thread permanently Today made it a certainty IMO
Good luck guys.
Fascinated by the 200 tonnes and how they keep the "theatre " going.
No paperwork on CH about Prime Resources satisfying the charge as indicated by Andrew Wonder where it is now DL linked company maybe ?. Can't remember who said "run by the few for the few." But it would be nice to have a timely CH update.
Watching it fly for those few months was great.
Huge Huge Red Flag
Master of spin lies and deception.
Nothing new here then.
Banbury I had doubts before I invested.
DL came on board RRR for a reason, mostly likely money. RRR shares had a volume of 119 million today, Will there be more next week?
I see three distinct possibilities 1) help manage existing projects towards production as stated in news release
2) wants to help direct DRC funds including new projects 3) new direction to oil & gas (possible restructuring of RRR)
IMO RRR./AB continue to mistake activity for progress, Each existing or new project costs money and takes up AB''s time. Is this a change or just more of the same
I had doubts even I invested and those initial doubts have only increased both in number and seriousness
England's answer to JR in the 80ts he loves anything Oil & Gold..... and will relish the challenge
A master in disguise, absolutely loved by the city'' who has had many successes and a few failure in his time but has a knack for getting undervalued tiddlers like RRR notice, and moving quickly'' with friends in the Media, we hope he will advised AB to get rid of dead wood asset, get some money in the coffers, and concentrate on the near term ones, ready for production..
we wish him all the best in this endeavour....
welcome aboard David, the Gatwick Gusher LOL!! those were the days from 0.15p to 14p, hope to see you on a podcast with AB in the future
ATB
Well if I'm not mistaken the market has had all day to digest this incredible addition to RRR and has valued it at a whopping c.£50k which I imagine they will take off again as we near the AGM date and in absence of a DRC payment which was days away over a week ago.
I cannot believe some of the blind belief on this board today that RRR is now saved and has a long term positive future for current shareholders because a 61 year old with a documented track history has joined.
I ask again helpful - what specifically is he helping with on getting deals over the line that you stated earlier today and do you think this magic will happen before further dilution occurs for bonus points.
Good weekend all...
"What is new is DL beleives the money will be forthcoming". !!
Has he said that ?
Bell said days he said after the election.
At what point do you begin to have doubts Spec ? Easter ?
I have had doubts for 20 months.
DL would not be here if DRC was due or even likely IMO.
Look forward to being proved wrong.
Banburyboy we both know AB will do anything to keep his salary going and will not give a thought for shareholders.
Robins I beleive DL is here to change the mood as DRC is dead.
Why would AB share his moment in the sun he's waited 19 years for. Why let DL in the action ?
Deflect and detract know your company.
Time will tell.
Wow just wow ! Will share my thoughts later as driving ! Pint helpful ?
He was involved with ukog years ago
Robins -- I agree with your statement that AB is "supremely confident that the DRC money is in the bag'
IMO AB has believed that for at least 6 months so nothing new there
IMO what is new is that David Lenigas believes the DRC cash is coming and he wants to help spend it.
Https://x.com/ceodotca/status/1753080713967243774?s=20
The trend continues onto our acreage.
DYOR
Anyone think that AB has employed another person because he is supremely confident that the DRC money is in the bag and so we can afford him and need him to assist in all the opportunities that the money can buy?
Excellent interview. Good information on Cote d'Ivoire as a jurisdiction.
Current grade 1.2g/t and so needs 2mil oz to be commercial, his words. Targeting high grades zones on the west of the shear zone. Thinks they can get to 3/4mil oz at Napie and can add another 1mil oz+ on the Goldridge/CAREM licence.
Says his 860k oz MRE was valued at $6 an oz and now $7 an oz because the share price has risen. When I first looked it was at $4.50 an oz. Peer group is typically $40/$50 an oz and so undervalued in his eyes.
Says Cote d'Ivoire is a cheap country to operate in.
Make up your own mind about what he would think about our acreage.
If you do the read across to our JORC 2012 in Kenya of 723k at 1.49g/t. On his market valuation of $7 an oz that gives $5,061,000 and if we use his $40/$50 an oz it gives $29mil/$32mil.
Yes I know trolls, we are waiting on the licence renewal.
DYOR
Https://x.com/MakoGoldLtd/status/1753182558261764197?s=20
DYOR
That comment contradicts what RRR has been doing over the past 12 months
Is it this David Lenigas?
About David Lenigas
David Lenigas is a mining engineer with extensive senior corporate experience across stock exchanges in the UK, Australia, Canada, and South Africa. He has been Chairman of various petroleum-focused exploration and development companies with operations in Spain, the UK, Trinidad, and the USA. His corporate and operational experience will greatly assist the Company as it moves towards its goal of becoming an oil producer.
David Lenigas said: “I’m pleased to have joined the Board of Pennpetro, my only petroleum sector-related board position. The Company has a powerful story to tell as it moves towards drilling its first development wells in Gonzales County in Texas. The momentum behind the business should grow rapidly. I believe my experience and skills are a great fit for Pennpetro and I am excited to play a role in the future growth of the Company.”
Presently, Mr. Lenigas is Executive Chairman of Riversgold Ltd and Rincon Resources Ltd, both listed on the Australian Stock Exchange and an executive director of Odessa Minerals Ltd, also listed on the ASX. In the previous five years, Mr. Lenigas has been on the boards of the following publicly listed companies: Macarthur Minerals Ltd, Doriemus Plc, Elixxer Ltd, AfriAg Global Plc, Artemis Resources Ltd, Auroch Minerals Ltd, Southern Hemisphere Mining Ltd, Clancy Exploration Ltd, Hampton Bay Capital Inc, Future Farm Technologies, Generation Alpha Inc, and NQ Minerals Plc (in liquidation 2022), Anglo African Agriculture Plc.
Should be called Alka Seltza the number of companies he has dissolved