The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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You've got to be brave to buy 10 mill in this lifestyle company
Suspension needs to be triggered by creditors or loan holders - so we are someway off in my opinion.
Money will be raised and charges on assets placed. If DRC comes good or we can sell forward Limon royalties or something else in Steptoes yard we could live to fight another day.
I think we will be alive and kicking for the December accounts on new year's eve. No news on DRC or anything substantial on ALR before then - only on 31st Dec will we know what the future holds. Very different set of tea leaves to Maid it who only sees the SP held back. Time will tell whose right !!
Is RRR at an all time low - ever ? That takes some doing fair play !
Ivans - the man said DRC was imminent 15 months ago.
Most on here think silence is partially shame and secondly that there is no progress. You definitely bring a different slant.
I would say it's a 75% chance of suspension. There is no cash left and they have bills to pay
Thanks Helpful.
I dont think it would be a bad move for RRR to sell their rights to future royalties now. This would prevent further dilution or loan charges on assets like ALR that have more potential. I think presented skillfully with other updates it might bring a little confidence back ?
We down on low volume. as at now, only less than 20k worth being sold.
discussion with Chinese ongoing for lithium - hopefully we get some positive updates soon
congo = still awaiting money back. dealing with governments means that you have to be discreet, hence AB unable to make any noise. hopefully good news next few weeks perhaps?
and what happen to the listing?
Suspension probably a 50/50 chance. Very risky imo
Https://www.newswire.ca/news-releases/soma-gold-reports-record-quarter-804654201.html
Soma can only hit it's 2023 target if it restarts the El Limon mill.
DYOR
Best shape of its life !
If you beleive in the assets and the management which you do it a very low SP.
It's a very low SP because the risks here are huge and suspension as it runs out of cash is not impossible.
Don't worry look like our troubles could be over LOL!! someone just took control of 10m just now and have taken the FKN lot of those early sells, GL to him or her..
see what happens next
Wow, the best shape of it's life?! I'm always one to admire optimism but that takes some believing.
Bell has never cares one bit about creating shareholder value, it's all about lining his own pockets for as long as he can, and as he's getting on a bit now he won't care if this folds, his money is in the bank.
Maidit - I would have to disagree - In fact I would personally say I think RRR could well be in the worst state its ever been in and looks like the market agrees.
Look like it's beat on red rock day, the 3m seller is back to squeeze us down early doors just can't wait on the imminent news LOL!! anyway''nothing would have change RRR is still in the best shape of its life, and the lucky few that is getting in at these levels must surly be rewarded,
time will tell..
patient
Most interesting observation was Helpful suggested 200k was the deliminus limit for disclosure of loans. Im assuming he has more insight than most on here and is right.
Not clear if RRR would disaggregate so three 180k loans not disclosable ? I think they will. By 31st December we should find out what assets they are secured on through the published accounts.
If it ALRs 47% then the future is not as bright and its hard to be confident here.
The lack of news on funding raises the risk of exactly that sort of arrangment happening.
I also thought Maid it reading the tea leaves for the fourth week and getting excited by a buy that was actually Liquids added to the Keystone cops storyline.
How many 'surprises' were in last years published accounts?
They have until the end of december is that right just look at last years and it was published on the 29 dec 2022
And still it drops - Almost at all time lows, which is hell of an achievement by Bell fair play. In my opinion I an see this following the path of many other AIM shares - Suspension due to accounts not being published, Bell will want to hide all his underhand dealings for as long as he can. Wouldnt surprise me if he taken out loans and another funding deal with RGO - Obviously just my opinion but if the cap fits !
Yes that was my 7.9m buy yesterday and will look to add if possible
7.9m on the bell seems to have taken out all the sells today as it looks like a buy as it was executed @ 0.1195 and a little bit too close to the price of 12 for it not to be a buy... just speculating off course, others may have a different view
bring on tomorrow I'm sure it will be as exciting as today's 2% drop
Well somethings needs to happen soon, as many have alluded to here RRR is running on fumes ! Unless loans and death more death spiral finance been taken out that we dont know about - Which as we know, it is how Bell likes to operate.
Annual report be interesting reading thats for sure !
Dukey, very much so on ALR but it has to be done in steps. We need the offtaker to agree acceptable pricing and other terms. Once that is agreed then they sort out the supply chain issues and the contract mining issues. A bunch of balls need juggling.
DYOR
Ha Ha Helpful, I an very brief in and out trade, made less than £100 on it, first time I have bought RRR shares in over 10 years and it will be the last. Not that I dont think there is money to be made b trading this share, as there will likely be another pump and if we get good Zimbabwe news, and or DR money arrives then in fairness there is lots of money to be made. The biggest red flag for me is Andrew Bell`s silence, as with him no news is bad news . . lol Looks like issues with getting money from DRC is not RRR specific, there are a few others in the same boat. A road map for Zimbabwe would be beneficial for holders, and is something I would imagine you would be through the middle of as a significant share holder in ALR, surely this is something you would like to see also.
Red Rock Chairman Andrew Bell comments : "These high grade Lithium Oxide results show the potential that exists, and we continue discussions with potential customers and contractors. Further news will be released as it becomes available."
eyes on the ball ladies and gentleman, we seems to be getting monthly news looking at the last 3 LI updates
so one can only assume the 20th of this month or earlier the Chinese will say yes to this abundance of supply to there EV Market.. and revenue will start to pore in for RED and it's partners and eventually for all shareholders
IMO BELL is the most excited about the future on that last interview than i have seen him in a long while
patience is the key, or sell and move on simple... as moaning sometimes does not help news to come quicker
GL in whatever you guys decide to do while Manipulation continues or don't continue, in the days ahead..
ATB
Slow death for rrr😭