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Well the problem with that Banboring is that you take your view and present it as fact.
You are assuming that your comment "slippage" means no or little value. The biggest problem I have is that I know stuff which while it might not be price sensitive, it might be commercially or regulatory sensitive. This relates to lots of companies I am invested in. For instance Elephant is going through a listing process (yes I know, again) and that restricts what management can say or publish. For instance, Elephant has a CPR for Benin: it can't include it in the S1 (SEC rules). The S1 refers to it but gives no detail: I have the CPR.
1. Elephant; not under AB's or RRR's control.
2. ALR not started sales but is much further along with a much bigger project now.
3. NBGC, my view is that the joint ownership is a problem. I have told AB that either the ownership needs to be sorted or the whole thing sold. Why it cannot be listed is beyond me: some complete dross has been listed over the last 12 months. I suspect that the ownership structure is the problem.
4. News on Kenya renewal is due and then they can make progress. Nothing can be done until the renewal is sorted.
5. DRC It is either done or not done. It is close and has been close for a while but close is not done.
6. Soma should confirm its plans for El Limon mill this week.
And so on. On some of the assets, my view is that the value is too high and on others too low. ALR is well wrong, for instance.
DYOR
And to add date of reseach note price was 0.26p . Buy 2.6p !! You could not make it up.
Helpful was bigging this up since January 23 issue guess what share price has halved.
Par for the course :)
Thanks Helpful date of reseach note Jan 23.
Comment on realisation of assets DRC soon Elephant soon. ALR two months plus. Ballarat 6 months. All the rest TBD.
Huge amount of slippage allways the case with RRR and nothing nowt zero delivered.
In the case of DRC the assumption is 100% realisation. A year ago I said 10% tops and revise it down to nil.
Presumably these guys just present whatever the company and the companies financial advisors (:)) tell them to.
I would stick to posting links on price of metals - not relevant to RRR but not misleading like an out dated reseach note with all defined targets in it missed.
Https://www.rrrplc.com/wp-content/uploads/2023/01/FEQ-Red-Rock-Resources-19-01-23-Buy-Note.pdf
DYOR
so you constantly **** off ab and rrr because your problem is me?
the reality is that you have nothing useful or interesting to say about rrr or its assets and you don't like someone who understands what is happening showing you up. all of the trolls on here (the majority of which are either non-shareholders who have a gripe against ab from long ago or are traders looking to get lower buy price, as in lowlife's case) have nothing substantive to say except that their thoughts, suppositions, feelings, anticipations outweigh facts on the ground. none of that affects the fact that rrr has a holding in an asset, alr, that is worth serious money.
get back to hugging your losses from ten years ago. how many times do we have to through your pet falsehoods?
dyor
Helpful - my problem is you. As a financial advisor who is indirectly interested you should do the professional thing and stop posting.
Do you have no contrition for the appalling steers ( caveatsed by IMO but DYOR) but allways implying a multi bagger that have cost investors a fortune. We all know you havnt but will continue to do the right thing and call you out.
Hahahahahahahahahaha!
A priceless one there from Helpless. How can PIs drive this piece of zhit down any further, it's already down the zhitter and round the bend?
Bell is driving it down all on his own, he doesn't need any help.
TDT
Non-shareholders hoping to drive the price down.
I'm expecting the next Placing to be around 0.13p, this week or next. Forget DRC!
Bell has played them all. There will be NO money from the Congo. The Chinese may or may not arrive. Helpless and his mates have bought 10% of a bit of paper . If Bell has to go it alone the fundraise will be more than our current mcap, and that’s just for starters
Helpful has lost unwary investors in RRR a fortune. Shorts Creek !! If RRR polished a tu*d Helpful would be bigging it up.
Meanwhile no news on DRC ? Is Elephant ever going to float ? Can't see anyone buying in myself. Fund raise this Friday and price being worked down to pre arranged level to allow mates in. We then have a spike on some less than specific news to allow mates to escape at a profit. Only one loser here RRR shareholders.
Yep and you can probably guess as to why no US or CDN company did that project
When i was a child i lived near marshlands. Very dangerous! You could walk over an ankle deep stream one minute and then a couple of minutes later the same stream could be up to your waist.
About Shoats creek. No guesses what polite UK investors started to call it when the project failed.
Shoats Creek-water in creeks appear on the surface of the land. Almost all oil or gas wells drill below the water table and thus have to deal with water. Some wells deal with more water than others. In other words it is a common issue and can be dealt with. Although I know nothing of the project I suspect it did have enough gas or oil which doomed the project not the water
Zumore it takes time to get samples, then time to send them to a lab and then more time for the lab to test those samples. It is not as as if the lab is sitting there with nothing to do and then jump into action when those samples arrive. The samples arrive at the lab and then they wait until all the other samples which arrived before them are tested.
Reminds me of many years ago when "Helpful" was ramping the hell out of NCT (then Mayan) and Red Rock invested in it's Shoats creek project. I'm guessing this piqued Helpful's interest in Red Rock.
Then the company moaned that the project kept filling up with water. Duhhh that's what creeks do on a daily basis. 🥴
I am not as confident as you.
In the recent stockbox Bell interview he was talking about "representative samples" and he said of them:
"this is what we'll show the Chinese; and off the back of that perhaps we can have a contract for a certain volume over a certain period"
But before the that he said of the "representative samples":
"We'll get them probably sampled by a local lab and maybe we'll get one sent down as a check to SGS in South Africa"
So he is saying no lab as tested them yet. So of course nothing to show the Chinese.
.............
The funny thing is Bell of Red Rock admits he's never been to the Zimbabwe project. Helpful (or Lundy) and his two ALR co investors have also never visited it.
It's all in their imaginations the project looks good. 😆
Did i mishear in the interview or did he say that they recently discovered that Tin hill is actually on an hill? 😁
Personally I am encouraged by the recent RNS which brings in possible deals with 3rd parties. If a deal is completed then the funding (whatever that might be) will be brought in..
I disagreed with Helpful when he stated the project would be cash flow positive in April.
AB in a video interview stated he had not been to the lithium property further demonstrating he is not hands on.
What is timing for the contract miner? Chinese sales agents? What is reasons now given for Congo delay? What will cause a change? We dont know
Specinvestor as you know some on here are saying ALR/RRR lithium is following the business model of Marula mining's Blesberg project. So after todays interview https://m.youtube.com/watch?v=bGPs_gqaq6M they will be having palpatations with Jason Brewer saying they will have soon put almost $6 million into the Blesberg project.
In comparison a couple of months back the ALR/RRR project had little money spent on it and apparently no more money would be needed.
I fear ALR/RRR have no clue what they are doing and they totally underestimate the vast amouunt of money needed.
WOW AB is in Congo waiting for funds!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Probably Bell's eventual obituary.
"Died at 90. Spent his last 22 years living in the Congo sitting next to a bank manager watching a computer screen waiting for the money to drop into the RRR bank account. RIP you sad b*"*"""!
LOL you ignore reality -What about the court judgement? an inconvenient truth
You’ll get nothing from the Congo. It’s bent as a whippets leg. Gecamines is owned by the state who gave the licence to RRR they took it back and sold it to Glencore. You really think the state will crap on itself. Delusional
Andrew know needs to get more mug investors in to cycle these shares issued .
Only for the traders atm as there seems to be a nice spike in the SP every so often. Just need to judge when to get on and when to get off lol