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Lovely post Talkinto.
As many on here will tell you twelve years ago Bell announced we had sold our Greenland iron ore asset for approaching $20m. Share price spiked and the sale dragged on. Payment was announced but it subsequently got lost in the Cypriot banking system. To be lost from sight forever.
He has form on dragging out something that's effectively failed, and then blanking any accountability.
Lithium is history repeating itself and my moneys on nothing ever being exported. Lots of hot air with disconnected elements that are true to save face. But nothing when you scratch further.
I can't beleive he would pull the same stunt on DRC but if payments in days and he's just raised 600k in Dec why the requirement to issue 1.5bn shares at the next GM ? Really suspicious and a red flag.
If DRC doesn't deliver it feels like curtains despite Helpfuls desperate attempts to big up BF and Cote de I. Its only four months ago since he bigged up nothing but the Lithium prospects.
BB - agree the wasted costs are potentially insignificant in the grand scheme but it just further highlights the lack of ownership on the spending. Why incur it if you really don't need to - just leave the cargo where it is and pick it up once you've secured a buyer surely.
As others have stated, why is RRR not looking to extend the life of the business by cutting down on pointless costs in preference of continually issuing more shares.
I'm no longer worried though as AB has verbally stated the DRC payment will be made in days so I've only got to wait till next Thursday latest for the sun to shine again on this investment apparently.
Given imminent has turned to days then surely the only thing holding this back now is an unprecedented pen and ink shortage.
Theeduke-Agreed. Helpful either does not read or does not understand what should be basic management principles.
Unfortunately some people & governments act as if spending money is not positive. Choices have to be made.
These properties (and others) absolutely have value and that value will not disappear in 30-45 days by waiting for the DRC cash.
Planting seeds and making them grow is great but harvesting has to happen too, otherwise your crop just rots in the field.
Ok Dukey, can you confirm when you are going to transfer this £1,000 to Christies Hospital in Manchester? It is over three years, now nearly 3.5 years, you being a man of your world and all that plus mega successful at investing except for investing at the top on BTC and getting well sorted when it collapsed a little while back maybe you should stand by your word?
As to irrelevant, nonsense, boring etc
One of the comments on here is that the Cote d'Ivoire/BF licences are worthless, there is no gold there, no one would be interested, it is difficult and dangerous environment to operate in. The complete reverse is true. Cote d'Ivoire in particular is very active, with plenty of companies investing, doing JVs, picking up licences and bringing mines into production.
Dukey, you might think it is irrelevant because you are not shareholder and you have an agenda but shareholders might think otherwise.
DYOR
Thanks Dukey made me chuckle :)
"Bespoke capital solutions limited accounts filing is 26 days late. He needs to get cracking over the weekend and leave the threads alone"
Ps that his company :
Dukey if you dont mind can you tell him.
"Bespoke capital solutions limited accounts filing is 26 days late. He needs to get cracking over the weekend and leave the threads alone"
Ps that his company :)
Helpful, you have a strange definition of what a troll is.
Many posters on this thread are like "danger signs" helpfully pointing out the dangers. Conversely you are the equivilent of a "danger sign remover".
We know a placing is near when helpful goes into pointless link posting overdrive.
Lets see how many links he posts from now until Monday . .lololololol
xx
Yawn ! Yawn ! Yawn !
Https://www.reuters.com/business/canadas-roxgold-officially-opens-ivory-coast-gold-mine-2023-09-15/
https://fortunasilver.com/investors/news/fortuna-reports-record-2023-production-of-452-koz-au-eq-and-2024-annual-guidance-of-457-to-497-koz-au-eq/
Production in Burkina Faso and in Cote d'Ivoire:
DYOR
Talkinto
They have been rolling back the Lithium story for a number of months.
Logically the port costs whilst an unnecessary waste are insignificant compared to the capital they have tied up in the stock as all the time the price collapses. Cash they could well use elsewhere.
I'm not sure I buy the Lithium line - as said many times just face saving comments
I don't actually think any Lithium will ever leave Beira under the red rock banner.
Happy to be proved wrong.
On DRC he has really set himself up for a settlement in the next couple of weeks. If that does not happen the pressures really on.
I'd love to see any charting analysis on RRR if you can find it, or even a 2024 broker note...
DYOR
Https://twitter.com/graddhybpc/status/1750825785286328503?t=s7eBUAlFSlV7YcDhhrX2KQ&s=19
DYOR
I have no idea of how to repost a screenshot but in the two tweets that RRR posted then later deleted from 16-17 Nov, this is exactly what was said in those deleted tweets.
The 1 photo Red Rock tweet that showed numerous small looking 1 ton bags. It was later discovered to be a lie by Red Rock because it wasn't ALR/RRR lithium ore but an old marketing photo.
RRR tweet said:
"Some of our lithium ore bagged up in 1 ton bags ready for shipment"
.............
3 photo Red Rock tweet. Two of which were not real.
RRR tweet said:
"RRR lithium project Zimbabwe 📷 (A camera cartoon similar to this)
Lithium ore material ready for export, before loading
#RRR #Lithium # Zimbabwe"
Just a thought on this quiet morning...
Why did RRR bother sending the trucks to the Port of Beira just to incur port rental if they had no firm plans on shipping cargo until after the Chinese New Year. It seems an ill advised waste of the very little funds RRR has.
If RRR now has access to cargo from a 3rd party, which as they state is cheaper than own production then why not buy it and move it once they've aligned with a buyer in China.
Shipping cargo in containers is nothing new and not difficult at all. Beira is well connected so no need to rush the cargo in.
It may have actually have been cheaper for seller to stuff the container at point of origin too rather than RRR taking on these costs at the Port using port stevedores with profit margins on top. Would be nice for AB to give further clarity on the decision making.
Over 2 months of port rental incurred and counting...money just dribbling out daily until shipped. Why didn't RRR just send the trucks to one of their locations to store it FOC until shipping plans had been sorted to save on port rental?
Spec, for me you were asking a very simplistic question to helpful, please correct me if I am wrong - But it was along the lines of -
Instead of Andrew Bell spending money RRR doesn’t have right now, which leads to a massive placing at this low SP, do you think it would be better to wait, limit spending until DRC money comes in ?
I’m afraid you still won’t get an answer, as in my opinion helpful doesn’t give one iota for any Pi, it’s all about self preservation for him, especially after singing from the hilltops his 10% in ALR, or AKA middle of a doughnut ! I think on another board he was called a granny mugger, I obviously couldn’t comment 😂
xx
Helpful-thats a cop out. You may have knowledge of something but unless it is used then it is worse than being useless and certainly NOT HELPFUL
Endless positive comments without any framework is just promotion and hype
Banbury to be honest i'm only pulling Maidits leg. I knew he had a list of people but i found his post funny.
I do actually find him likeable and i wish him well here but i have no belief any DRC money is nearing and Andrew Bell seems to be in a fundraising frenzy lately. So that is not a good combination for this share price.
S̶p̶e̶c̶c̶y̶,̶ ̶I̶ ̶n̶o̶t̶ ̶h̶e̶r̶e̶ ̶t̶o̶ ̶a̶n̶s̶w̶e̶r̶ ̶e̶v̶e̶r̶y̶o̶n̶e̶'̶s̶ ̶q̶u̶e̶s̶t̶i̶o̶n̶s̶.̶ ̶I̶ ̶k̶n̶o̶w̶ ̶a̶l̶l̶ ̶a̶b̶o̶u̶t̶ ̶a̶s̶s̶e̶t̶ ̶a̶l̶l̶o̶c̶a̶t̶i̶o̶n̶ ̶m̶o̶d̶e̶l̶s̶ ̶a̶n̶d̶ ̶m̶u̶l̶t̶i̶-̶s̶t̶a̶g̶e̶ ̶C̶a̶p̶i̶t̶a̶l̶ ̶A̶l̶l̶o̶c̶a̶t̶i̶o̶n̶ ̶m̶o̶d̶e̶l̶l̶i̶n̶g̶
̶T̶h̶a̶t̶ ̶i̶s̶ ̶n̶o̶t̶ ̶t̶h̶e̶ ̶i̶s̶s̶u̶e̶.̶ ̶T̶h̶e̶ ̶i̶s̶s̶u̶e̶ ̶i̶s̶ ̶t̶h̶a̶t̶ ̶u̶n̶t̶i̶l̶ ̶R̶R̶R̶ ̶h̶a̶s̶ ̶t̶h̶e̶ ̶a̶w̶a̶r̶d̶ ̶p̶a̶p̶e̶r̶w̶o̶r̶k̶ ̶i̶n̶ ̶i̶t̶s̶ ̶h̶a̶n̶d̶s̶ ̶i̶t̶ ̶d̶o̶e̶s̶n̶'̶t̶ ̶m̶a̶t̶t̶e̶r̶ ̶w̶h̶a̶t̶ ̶a̶n̶y̶o̶n̶e̶ ̶s̶a̶y̶s̶ ̶o̶r̶ ̶d̶o̶e̶s̶.̶ ̶I̶t̶ ̶m̶i̶g̶h̶t̶ ̶b̶e̶ ̶w̶e̶ ̶h̶a̶v̶e̶ ̶t̶h̶e̶ ̶p̶a̶p̶e̶r̶w̶o̶r̶k̶ ̶t̶o̶m̶o̶r̶r̶o̶w̶ ̶o̶r̶ ̶n̶o̶t̶,̶ ̶s̶a̶m̶e̶ ̶S̶a̶t̶u̶r̶d̶a̶y̶ ̶a̶n̶d̶ ̶S̶u̶n̶d̶a̶y̶ ̶a̶n̶d̶ ̶s̶o̶ ̶o̶n̶.̶ ̶T̶e̶d̶i̶o̶u̶s̶ ̶b̶u̶t̶ ̶t̶h̶e̶r̶e̶ ̶i̶t̶ ̶i̶s̶.̶ ̶T̶h̶e̶ ̶i̶d̶e̶a̶ ̶t̶h̶a̶t̶ ̶i̶n̶ ̶s̶o̶m̶e̶ ̶w̶a̶y̶ ̶A̶B̶ ̶i̶s̶ ̶n̶e̶g̶l̶i̶g̶e̶n̶t̶ ̶o̶r̶ ̶d̶e̶f̶i̶c̶i̶e̶n̶t̶ ̶o̶n̶ ̶t̶h̶i̶s̶ ̶i̶s̶ ̶j̶u̶s̶t̶ ̶n̶o̶n̶s̶e̶n̶s̶e̶.̶ ̶S̶a̶m̶e̶ ̶w̶i̶t̶h̶ ̶s̶o̶m̶e̶ ̶m̶a̶g̶i̶c̶ ̶d̶e̶a̶l̶ ̶o̶r̶ ̶m̶e̶e̶t̶i̶n̶g̶ ̶o̶r̶ ̶f̶o̶r̶m̶ ̶o̶f̶ ̶w̶o̶r̶d̶s̶ ̶e̶t̶c̶.̶
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̶N̶i̶g̶h̶t̶ ̶n̶i̶g̶h̶t̶.̶
Speccy, I not here to answer everyone's questions. I know all about asset allocation models and multi-stage Capital Allocation modelling.
That is not the issue. The issue is that until RRR has the award paperwork in its hands it doesn't matter what anyone says or does. It might be we have the paperwork tomorrow or not, same Saturday and Sunday and so on. Tedious but there it is. The idea that in some way AB is negligent or deficient on this is just nonsense. Same with some magic deal or meeting or form of words etc.
Night night.
Helpful
Even if you are an insider you could respond, This is a fundamental issue of fundamental issue of financial management and how funds are allocated.
concept-
every company has limited funds for projects/investments. This is true even for Bershire Hathaway (CEO Warren Buffet)
agree or disagree?
Concept-Companies should be managed for the benefit of its shareholders
agree or disagree?
funds should be spent to generate the highest possible benefit for its shareholder (not future shareholders)
Agree of disagree
I can't comment on timing because the usual applies. Even if AB thought he was getting the doc Monday because everyone told him he would that doesn't mean he will. We have been in the same room as the document a few times and then it has not happened.
So until it is done, it ain't done.
I can't comment further.
DYOR
Zumore he also said for transparency he has 2.5m shares. By his posting history he brought in at 0.25p plus. He certainly has faith and is in love with Helpful Lundy.
I guess Lundy needs some mates. I had heard he introduced Charles Topham to RRR. He has to be massively underwater and probably not best pleased.