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Hey Dick by name etc,
Dick who was never a shareholder in RRR but now is an expert on everything RRR related. You still haven't told us how much you lost on RGM.
Someone asked a question and I answered. Exporting lithium from Zim is quite a complex undertaking with a lot of stages in it. Quite different from what was anticipated a year ago.
The serious money is in the lithium carbonate but that is some way down the road.
DYOR
It was 2 out of the 3 wasnt it for me to shut up - And anyway exporting some one elses ore across a land border doesnt count in my opinion.
Your lost post was very revealing to how sly/sneaky you and Bell are - Looks like you may have bought the middle of a doughnut, if its cheaper for you to buy of others and get any of your own speaks volumes . . hahaha
Dukey, didn't you say you were going to shut up if RRR/ALR exported? Another promise broken, a bit like your promise to pay £1k to Christie's Hospital in Manchester if RRR got the Kenya licences renewed. Three years on and Christie's are still waiting for its money from you.
Whether you like it or not; ALR has started exports and they will gradually build.
I expect that their will be more photos later today.
One out of the three done and the second nearly there. Not sure how long it will be for the third but no doubt if will have no effect on the trolls.
Has anybody else ever noticed that the length of a Helpful post relates directly to the level of desperation? This latest missive from Pinocchio Lundy is right up there with the best of them.
TDT
Ha Ha - Helpful and Bell BUSTED . . . LOL
Helpful says:
"If we can buy hundreds of thousands of tonnes at less than the cost of production and sell it profitably in China, what is the fetish about production?"
....
All this hype of Tin hill and the others quickly raking huge money in from speedily going into production and now it's all about buying your spodumene from others. PATHETIC!! 🥴
Robins,
1, There is nothing that RRR could do that would satisfy the trolls: that is not why they are here.
2. Previously, it was things like they will never get the Kenya licences renewed, ALR doesn't own the Zim licences, someone else owns them, the licences will be cancelled, there is no lithium and so on.
3. The next thing was that RRR/ALR would never export: well it has and so it moves on to the next thing. So now it is the wrong type of exports.
4. The MOST IMPORTANT thing is that ALR/RRR can export and has shown it can and that it has. Listen to the previous interviews with Belly: very few people can export.
5. Other companies have stockpiles at surface and can't export: they need cashflow urgently.
6. Belly said quite clearly; judge us on how much we export. Well now the exports have started and they will gradually build.
7. No point spending millions on a plant that doesn't work and going on about how material is in the ground or how much you are going to produce: show us how much you have exported and/or sold and what is your margin?
8. If we can buy hundreds of thousands of tonnes at less than the cost of production and sell it profitably in China, what is the fetish about production?
9. Remember, people like Prem and KOD have entered into forward purchase arrangements for serious money: one has wasted the money on a plant that doesn't work and the other has said it will do the same.
10. If ALR/RRR can supply hundreds of thousands of tonnes in China subject to a working capital facility, why would anyone think that funds would not be available?
11. Forward purchase agreements might seem easy money when they are signed but they have lots of covenants in them (ask Prem) and before we sign anything we need to KNOW that we can meet all the covenants. No point in engaging in wishful thinking or magical thinking.
12. How will things proceed? Well it is a suck it and see thing. The thing is to get the pipeline going and build up to a few thousand tonnes per month and at some point we can step it up into serious volume. When will that be? No one knows at the moment because it is all about learning about what needs doing to step it up. PS those bags in the photo contain one tonne each. So we have 200 bags at the moment.
13. Separately, the real money is in lithium carbonate not exporting Spodumene. That doesn't mean that both can't be done. I would expect that lepidolite is used for the lithium carbonate plant and spodumene would continue to be exported. It looks like lithium prices are starting to inch back up. The current pricing is an anomaly, it is below the cost of production and so should revert to the mean in due course.
14. Once up and running properly ALR will likely take care of RRR's requirement for cashflow; I expect Soma Gold and Faso to chip in too.
DYOR
Guys - this is dynamite.
Hopefully others get whilst we are so skeptical on DRC
Bet Helpful and Bell are hammer and tongs ...
Think that interview can be summed up with the old Chinese proverb…..
Man not willing to show hand usually has crap cards!
Corection from last post.
Helpful says:
"We have ACCESS to 3% spodumene".
From that and also from Bell's interview today you know that they acquired and bought the 200 tonnes of processed beneficated 3% spodumene from someone else.
In Helpful's posts mainly to Dukey you can see how careful he is with his words:
"Yes, we have shown we have access to 3% Spodumene, we have shown we can export it and we have shown we can ship it to China"
For example he says: "We have ACCESS to 3% spodumene".
From that and also from Bell's interview today you know that they acquired and bought the 200 tonnes of 3% spodumene from someone else.
It will be interesting to hear what Helpful thinks of the interview. He always has a different slant on things.
So this morning we were all accused of being paid de rampers.
I said most posters had a problem with AB and his loose and misleading statements. We were not paid.
And bingo he's actually exporting someone else's material.
Bell is there no end to the comedy value.
Helpful will as a 10% ALR holder know this.
I bet them pictures are not even of RRR`s / ALR`s ! They might well be Lithium ore in Zimbabwe but very much doubt they are ALR`s or RRR`S - Hence why Bell hasnt said as much, again libel for nothing but trying to insinuate everything.
Banbury, if they are buying beneficated processed spodumune from others how can their be any profit in that? No wonder he doesn't want to give regular updates on if it's profit making or not.
To me it seems to be all just for show to impress the gullible so a fundraise or two can happen.
I've been a gullible mug many times in the past. 🥲
Typical Bell - so it's not our stockpile but brought material . The spectre of candy crush and Greenland repeats itself.
The guy has some neck.
Judge us by our exports lol
Real_talk i suspect all of it has been bought.
In the interview around the 3 minute mark the interviewer says he thought direct export had been banned in Zimbabwe and it first had to go up the value curve. ( In other words benefication. To process and concentrate the ore to make it a higher quality). Bell responds "the material, the grade we are talking about has somewhat gone up the value curve. So yes we are able to export".
So Bell's response suggests to me all the 200 tonnes has been beneficated. So i suspect it was all bought from others.
Here is a short article on the newish rules:
https://miningzimbabwe.com/simplified-the-new-base-minerals-export-control-act/
Yep, no BS Bell that's what they call him . Keep buying ahead of the placing
Didn't he say the candy sweets business in China was going to be a big business and they had to be secretive about how much they told the market ? LOL
We intend to take a huge Market shear in Zim and turn RRR into a huge business, we can't say too much because of competition for LI in ZIM ? ''understandable'' but we will update from time to time on reaching new milestone
good interview
now lets see what the Market thinks
GLA
Well that interview was a shambles.
They need cash desperately to keep the lights on now
@zumore very good point - out of that 200 tonnes, how much of it was bought. Buying from other people really does not give me much confidence...
Nice one Help'' With a grade of over 3% the ore comes from both mined material and stockpiles.
Huge grade''
it is now official we are exporting and doing a lot better than most if people want to believe it or not
WELL DONE AB if all go smoothly and to plan, you and us all genuinely invested will be hugely rewarded
GLA
The interviewer asks how they have extracted the 200 tonnes of spodumene. Part of the reply indicates they have bought it from other people. 😂
"We also have the ability to buy from other people to make up the right kind of grade and to make up the right kind of consistancy of material"
Also unprocessed unbeneficated spodumene cannot be exported. Bell indicates later in the interview that what they have got has been beneficated. So it seems like all the 200 tonnes has been bought from other people. 😕
Bell also said he will only be release figures to how well or not it's Lithium venture is going every few months.
Unfortunately that doesn't work on AIM. So i'm guessing this secretive approach will quickly turn off investors. 😕
I respect the fact that he doesnt want to lie to the market (looking at stark resources) - just a waiting game to see their quarterly revenue results...