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Quite. Lets see what the next few RNS announcements confirm. There's much I don't like about Bell but i've positioned for a very specific outcome now. IMO there's more upside than down from £3.5m mcap, IF:
1) Export grades are confirmed
2) Terms are agreed with the Chinese buyers
3) Terms with a Mining Contractor
4) Guidance on production start
The downside risk - stalling on all the above. If ALR/RRR dither I will be gone.
Other projects - I regard as a bonus if anything positive occurs but i've not factored for them.
There's usually two sides to every story tradedesk. Constantly pushing only one gives half the picture.
We now have both out there so that gives a bit of balance.
TDT
"Zimbabwe eyes world No.5 lithium spot as Chinese investors boost capacity"
https://www.reuters.com/markets/commodities/zimbabwe-eyes-world-no5-lithium-spot-chinese-investors-boost-capacity-2023-07-27/
"Over 50% of current lithium production occurs in regions with significant water scarcity or stress, presenting additional challenges to the supply chain. In these areas, there may not be enough water available to support the production of lithium, which requires significant amounts of water for processing."
https://www.valuethemarkets.com/analysis/investing-ideas/how-invest-lithium
"Zimbabwe: Dire Lack of Clean Water in Capital"
https://www.hrw.org/news/2021/09/22/zimbabwe-dire-lack-clean-water-capital
TDT
Https://www.valuethemarkets.com/analysis/investing-ideas/best-lithium-stocks-to-invest-in
DYOR
LOL you already admitted to being an insider. Trying to deny just shows you also deceitful-sad really
reality check no one knows "everything"
Https://www.valuethemarkets.com/analysis/investing-ideas/best-lithium-stocks-to-invest-in
DYOR
Lithium assays next then and a deal to be done with the chinese buyers and contract miner/jv partner. Am hopeful we may hear something this week.
The PR and news output from ALR is still awful mind. No visuals of the bulk sampling being trucked, they could have shared visuals with RRR and put a joint RNS out to say the sampling exercise had been completed and results had been sent to lab/buyers, it keeps the market in step and anticipating.
Helpful - this is something you could positively influence with RRR/ALR as large % owners of the project.
Https://twitter.com/Buffalometals/status/1703034917108560286?t=man0l3TgDoTt3dPiGM23Fw&s=19
DYOR
Why would a non-shareholder be bovvered?
You are tapping up the wrong guy for inside information: you need to speak to one of the guys who know everything.
Never mind about copper helpful, whats happening with the 7.5 million from the Congo and the lithium/Chinese conundrum?
LOL I understand reality which is: RRR is a small cap stock with no cash flow. Too many projects, limited management to actually manage those projects which are in multiple countries, many of which are known to be difficult to actually conduct business.
This was true prior to my investment over a year ago, remains true today and for the foreseeable future.
I accepted those risks in exchange for the potential rewards
This is akin to speculation or gambling than an investment in a more traditional sense like the FTSE 100
Speculative with all due respect those companies don't need to opperate in the margins supress news and delay accounts and never do.
Conversely every year RRR delays and we have a long debate every year on the hugely detailed note listing all the arrangements and debt the company has entered into which it choose not to declare. Welcome to RRR.
You might not like it but that's the company you've invested in. This one's not conjecture it's evidenced every year.
LOL your choice of words vs reality
"delayed financial'----- reality 'timely filed"
"delayed financial wlll show multiple dealings" reality " updated financial statements ALWAYS show multiple dealings."
replace RRR with another stock symbol such as: Barclays, Shell HSBC, Apple, Exxon etc and you can make the same observation
Quite right TD.
Clearly defamatory posts, in that stream of invective.
Nice post trade. I appreciate it.
Time will be the only judge of whose right and if its you ( and Spec) brilliant. Well done
Tbh Banbury i've known about RRR probably for as long as you have maybe only a few years less but clearly i've never been burnt on it like you have so I don't have the same emotional attachment, i've traded it over the years over different time frames and on most occasions fairly succesfully. With a lot of AIM stocks you do have to get your timing right as close to a potential catalyst as possible and if it doesn't come in walk away. Theres clearly people here coming at this from different perspectives. I've bought with a low average for a specific outcome. We aren't going to agree but thats ok.
Accounts have to be published by 31st December and include a summary of all post balance sheet events loans etc up to date accounts were signed.
Last year they waited till the 29th December a whole load of loans were revealed.
I guess the dilemma is early publication and then subsequent post balance sheet events remain dormant until Dec 24 or just delay until the last moment and in the words of Wilkins McCawber for those of you who know your Dickins hope something will show up in terms of DRC or Chinese deal to make that less relevant.
Trade I word my posts carefully. Having observed the company for fifteen years and Bells actions I know a lot more than most. That's my and many others on this and the other boards perception of the man. Backed up by a whole string of evidence anecdotal and otherwise. "Just be "chastised me this morning for being kind to AB on export rules changing. I said he was unlucky Just be suggested he knew all the time. Thats how he is perceived like it or not.
I wish you well but Zimbabwe may be the next big thing but RRR shareholders will need luck and good timing on selling to benefit.
The almost certainly delayed accounts will reveal the multiple dealings I suspect are going on behind the scenes.
Ps - when RRR successfully sued it was a very specific accusation. They were right to sue but reading the case gives you an insight into the rather "murky" way they operate.
Time will.tell.
"Shady" "underhand" are very serious accusations Banbury. You need to be very careful, I do not rate him as a CEO for many reasons but i would be careful with my choice of words. The company has succesfully taken legal action in the past with significant sums made to pay out. You're always saying how they need money careful you don't become the next financier 😂
As for Zimbabwe - you literally do not have a clue right now. It is the hottest Lithium postcode in town, PREM is operating there succesfully as are Prospect and many others including of course the Chinese where all the product is going.
Being cautiously optimistic at £3.6m is far better than being the same at £10m, £20m, £30m etc etc...eyes wide open i still think the risk v reward is skewed heavily to the upside from here.
Trade
- will it happen in time?
- just be's post shows lithium deposits fairly prolific all around the world.
- no seaport
- Zimbabwe difficult to do business even for Chinese.
Any sniff of value here Bell will tip off his mates who will buy in then sell off. He will also ensure only the few gain.
You seem to limit the Bell factor to incompetence. For me the Bell factor is underhand, non transparent, economical with the truth, shady and interests not aligned with ordinary shareholders.
Those are all the reasons I think you are far too optimistic.
Next news is assay grades for export I believe as per last RNS and interview which then should lead to a deal with the chinese buyers and contract miner for volumes and pricing.
Export is high income & high margin lol Banbury...the risk reward at £3.6m is excellent.
Bells market perception is why you can buy at such a discount. Thats both good and bad...good because when the asset starts to do the talking Bell won't matter so much and the discount to fair value is a big one so that will correct. If this asset was in better hands it would probably not be sub £10m right now + the add ons of a firm deal with the chinese buyers/offtakers & contract miner/jv partner to do the heavy lifting. In full swing it could easily tag +£25m (1p) that is not too taxing at all. Its bad because RRR could already be at +£10m mcap if Bell was a better operator/communicator but at this valuation its a an opportunity if you believe its about to click into place as the upside is multiples of 1p.
Go high. Many on here think DRC is dead and the timing is around AB acknowledging that. Previously he had a habit of just ignoring failure with no acknowledgement so perhaps that's where we are.
On ALR too many unanswered questions
1 - will it pass for export
2 - how much is inthe stockpile?
3 - can we mine more or do we need the Chinese others to stump up cash ?
4 is this now just us selling licences rather than producing ? Completely different to what we were told.
Zimbabwe has moved from an almost certain small scale operation with low capital expenditure with lowish income but huge margins to a lot of unanswered questions.
This moves the reward risk play negatively and Bell has more failings than communication. He's in it for him and the few not for you.