We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That interview was comedy gold.
They plan to get gold production somehow.
God help the shareholders. Another Incoming placing
Who’s have thunk it ? RNS, twitter ramps, stock box interview, helpful in full ramp mode and then there’s a 3 million sell at 0.68. Past history would suggest RRR desperate to get a placing away, todays share price action, this weeks share price action also doesn’t bode well for the next placing - In my opinion they be lucky to get the next one away at 0.05 ! I feel for long term holders, well most of them - Good luck guys it does seem like you guys n very much need of it !
So he admitted in the interview that they will take a hit on the lithium sales and sell at a loss - so much for 'judge me on lithium sales' which he said previously. Another bait and switch and pivot from the lithium story to gold.
Next step is likely to be to raise capital for the next excapade at trying to produce gold from an alluvial material in Burkina Faso. I've seen plenty of AIM listed companies attempt alluvial mining and the revenues are usually tiny and not worth the dilution for shareholders.
Of course the DRC funds are imminent as he has been saying for the last couple of years. It reminds me of the story Vast uses about diamonds in Zimbabwe to get countless placings away.
"DRC cash in 'days' sounds nice but there is no specific. That statement would be true if it was 7 days or 700 days". Nailed it. The master of double-entendres and sophistry. I actually doubt there will be any DRC money at all. We've heard it all before. A placing before any revenue continues as my prediction. I have a 100% record in this context.
News always picks up ahead of a placement
Stockbox-interesting. DRC award was ready to be announced however AB does not explicitly state it was signed.
DRC cash in 'days' sounds nice but there is no specific. That statement would be true if it was 7 days or 700 days.
This time does appear to be different but given AB's history I dont think the market will react much until the award is actually announced. Personally I still think it will take about 30-45 days to get the funds out just because money has to be transfered between accounts and between companies
Very good.
Stockbox - What a load of "fluff"!
DRC money batter come in quickly.
Https://www.youtube.com/watch?v=OpFWiK2pviw
excellent interview, the great man say DRC cash is imminent within days'' and as we expected we need LI price to go back up before we give them any more, but i suppose when we get the cash we will be able to concentrate on near term gold production and other project more and sell a few we can't handle ATM..
see what the general Market think
GOOD LUCK AB, many thanks for that STOCK BOX
ATB
Afternoon trolls, more stuff for you to get excited about.
Neighbours - Bonikro Mine
https://www.sandstormgold.com/portfolio/bonikro/
https://elementalaltus.com/project/bonikro/
https://alliedgold.com/locations/cote-divoire-complex/
DYOR
Maidit - I have you down as not the smartest.
The second RNS is a word for word replacement for one in late Nov 23 that was missing a link.
How do you conclude more good news ? Anyone sensible would conclude a reiteration of what we were told two months back.
Red Rock Resources PLC- Africa, South America and Australia-focused natural resource exploration and development - Notes the receipt of a draft arbitration award in regard to its subsidiary in the Democratic Republic of Congo. Says Arbitration hearings and negotiations have been held in Kinshasa in order to obtain 50% of the USD15 million still to be paid. Says draft awaits signature and will provide an update "as soon as possible." Adds that geochemical testing of the Bilbale licence in Burkina Faso, and mapping of key zones has begun, with a view to semi-mechanised mining of alluvial areas and follow-up drilling of hard rock targets. Notes promising rock chip results from mapped areas at Bilbale, including 14.7 grams per tonne and 11.2 g/t of gold. A development team is arriving at the site in Bilbale.
Current stock price: 0.078 pence, up 6.9%
2nd RNS, Hmmmmm more good news on our gold licence, look like AB want to make a habit of a more regular update to his investors LOL!! we will see what the general Market think... and not just the disgruntled famous 12 of Christmas past posting on here... every day with no holding
GL
Banbury-agreed
Spec a warehouse full of the stuff !! Brought at too high a price evidenced by those photos or
Hopefully it was all made up.
After 5 Chinese buyers taskforces. 2- 3 month pipeline in account export to sale.
Even you must admit its embellishment over drive.
A smart move to pivot away from Lithium when prices crashed. Destination port was Beira (hindsight) and not China as many were speculating. This is the fault of lack of clarity of RNS issued by RRR
Short term focus remains on DRC cash-will it be released & sent or another funding happen and 'put to good use' as RRR stated in their 20234shareholder letter and 2024 AGM
s
s
I remember him saying in the last interview to judge him on the lithium sales
Https://x.com/PekingEnsight/status/1750108551710978248?s=20
This sort of thing normally means increased economic activity and from that increased imports of commodities. It should have spillover for lithium, copper and iron demand amongst other materials.
DYOR
Something else for the "experts" to claim they were unaware of:
https://x.com/StockBoxMedia/status/1750112042281787680?s=20
DYOR
Got to give it to AB.....he knows how to RNS!!!
Gold on the way back up. Currently, $2,031: so it didn't breach the $2,000 level.
Should help us with our gold deals and (imminent?) production! Yes I know trolls, I put that in to get you all excited again.
DYOR
Surpised this is blue after that update. One to avoid imo....
Loads of excuses about Lithium then the give away
"Gold should therefore be a better driver of cash flow progress in the near term , and fortunately we are well positioned with gold projects in this region capable of near term production"
He's had Kenya and Australia for 15 years and has repeatedly said the same. This is fantasy ofbnear term production. Another rock solid bet zero production in 2024. Who is he kidding.
He needs DRC desperately and this RNS indicates zero progress.
Yes, we have now got the payment draft from DRC court in our hand, and if all we are waiting on is the signature of acceptance, then one would expect, as I said before, end of JAN for all hell to break lose in this little tiddler... and with only 7 days to go, one would expect a small daily re-rate until we get the Money
we will see
ATB