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Https://twitter.com/RRR_RedRock/status/1695035847282667962?s=20
DYOR
Banbury, how many times do you have to come out with the same BS even when you have quite clearly been corrected? I am not the one that invested in RRR ten years ago.
As I have repeatedly told you we invested for the copper/cobalt tailings in DRC and doubled down for Musonoi. The bet on DRC copper/cobalt and Musonoi was a good one: as evidenced by Glencore buying the assets for $420mil. Note that Glencore must have thought they had a good deal, probably for similar reasons to the ones I was posting on here at the time but you and your fellow geniuses tried to pooh pooh.
Ten years ago I didn't even know that Red Rock Resources existed.
So why not concentrate on reality. I will make good money on Elephant, I will make good money on ALR, I will make good money on Burkino Faso and I will make good money on RRR.
So you just continue worrying about your losses from ten years ago and I will continue to wait in eager anticipation. I note that out of all of them, the greatest upside looks to be in ALR at the moment but things can change.
Just so you know Banbury old bean, I have lots of other investments that have major upside imbedded in them but they are mostly private and/or cash shells or pre-IPOs and so you don't get to hear about them. Oil, phosphate, tyre technology, ID technology, shipping technology etc: all the same model, restricted downside and uncapped upside.
xx
If Mr Bell believes that maybe he would like to buy some shares in my smoke knitting machine business🤣🤣
AB speaks as if he believes we are going to get the DRC money 🤣
Helpful as you have been saying for ten years. How much has the share lost since you started ramping it ? As a financial advisor that will I hope be alert to that ?
So, other news we are waiting on....
The licences (2) in Kenya are up for renewal: we should be hearing shortly on that. Once renewed RRR can crack on with doing something on the tailings and a JV for the main asset.
Victoria, probably an update on the forward plans for drilling and listing. Some licence applications still outstanding.
Updates on Burkino Faso and Cote d'ivoire. There is at least one more licence in Cote d'ivoire we are waiting to hear on.
I expect we will hear from Soma Gold shortly about the restart of the El Limon mill (as they have flagged) and then we can make some assumptions about royalty payments.
On Zim we are still waiting on some licence applications being granted.
As always, there is room for some left field action from RRR.
DYOR
Oh dear Ria20, how many stocks you P&D and the newbies left holding the baby? try to be very nice to people now? lol
£100,000 isn’t going to last long
Else
Well looks like they may have just borrowed more money if an unsecured lender - Why wise give them 50m warrants ??? Just saying
A bit rampy Justy. The deramp police will be after you.....
Could have already been siphoned off, we all know the level of corruption that occurs there.
More feasible is the lithium play.
In reality rrr are likely going to need to raise more cash to get thing going.
Question is at what price?
When this is sorted things will start to get interesting. Imo.
Well things take time over there...so we may get a payout in Sept if it comes this is going to fly past 0.45....so good time to be in
Perhaps you can enlighten us how we fund the mining process, don’t just say a JV or the Chinese because while we wait for anything to come of that they are burning through cash.
In your opinion.
Deffo not getting that money. Noticed prem raised £4 million today. We’ll be next at what price though 🤷🏻♂️
This was the date the ruling for $4.4m was upheld in RRRs favour.
I completely agree the SP will fly if the cash is received Given the elapsed time and the statements that the purchaser has the money in the bank to pay over pending a final decision I think the probability of RRR getting its cash is remote.
Sorry to rain on the parade but this board more than any needs a sense of balance.
LOL get them to visit you for a couple days
Rollover.
ISA->ISA transfer maybe. Last time I looked the limit is still £20k/year for new funds which obviously includes shares not already in an ISA.
Bed and ISA but yeah.
25m rollover, nice. Someone is confident to stay positioned.