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Lomax is this you admitting you are not so clever after all?
Stick to the stupid remarks, you are good at them.
The only people making money are Bell and his cronies on here.
This truly is the most annoying share in the world. AB being in the Congo for so long on investor funds and then providing no update is shameful. Thousands waiting on an RNS and that is the one we get. What a posh twat.
Banbury, how do you manage to get everything wrong, all the time?
Everybody should understand how CLNs work. There was no need to roll over, we could have insisted on repayment. If we had then shareholders would be really bleating.
Ask yourself why we would rollover on any terms?
My view is that DRC cash, ALR news and Elephant are all close: I might be wrong but rolling over and converting only makes sense the SP is going higher soon.
DYOR
Has never lost money on RRR.
He's one of these high worth net individuals who owns the CLNs now on much favourable terms.
Bad day for RRR SHs and its get rich quick crew. Super day for Helpful.
Only one winner here and he shamelessly tries to draw the less financial savy.
Well done Mr L***y.
Not surprised!
Thats what AB has just done to PI`s
Oh look. No money from the Congo, who’d have thought …….. apart from helpless. Skint and going bust .
Just be get back to losing money on NTOG: stick to your skill set.
Helpful if you have been here 6 years Bell has 'bent you over' and 'gone in dry' on you fella. 😉
Banbury I know you are a bit slow on the uptake and that you continue to post misleading information even when corrected..... But once again, I got involved for DRC....
https://www.lse.co.uk/rns/RRR/issue-of-convertible-loans-and-warrants-80sbt87huzt0wsr.html
So not ten years: you are mixing up your ten years of whining about losses with my less than six years of talking about assets: primarily assets that were stolen and sold for $420mil.
DYOR
Yes Zumore Helpfull has "bigged up " Lithium in Zimbabwe as well as any other asset RRR has been involved in for nigh on ten years. He must back a winner sometime.
My personal interest is DRC. Must be due an update next week ? Anyone know if AB is still.there ?
Zumore--that is funny
Let's hope Helpful's personal investments in:
(1) Tin hill
(2) Burkina Faso
(3) Ivory coast
Don't become
(1) Bin hill
(2) Burkina Fiasco
(3) Ivory toast
"Initially ALR will sell the stockpile at surface and mining will start properly sometime back end of next week, early the week after (based on previous RRR/AB public statements).
The target production has been stated at 5,000 tonnes per month from the first site: at 2% lithium.
The price for 2% lithium in Zim seems to be currently $200/$250 per tonne. 3% for export is about $1,000/$1,500 per tonne. Just multiply out.
DYOR"
"with regard to production bbb does this all the time comes out with something which is then rebutted and then restates the same issue differently a few days later.
so people understand, i own 10.262% of alr and with two mates just over 30% when ab refers to outside investors, it is us. alr, lac minerals and faso were to put together with my encouragement and undertaking what we would co-invest. we have a position in faso too and will likely fund cote d'ivoire now the first licence has been issued.
in each case, the plan has been and will be to get to production as quickly as possible and cheaply as possible so neither rrr or we have to fund it on an ongoing basis. for each there are two ways forward, lots of analysis, lots of drilling and spending a lot of money over several years or just find something that can be exploited and get on with it.
that is what is being applied at tin hill. the site is near to harare, which is about an hour away by road. in harare there are plenty of contractors to supply skilled labour, diggers, dumpers, grinders etc. in fact, everything that is needed at tin hill except the flotation tanks needed for beneficiation, which would need to be ordered or bought second hand.
so the plan is for pretty much all of the doings at tin hill to be done by contractors and supervised by our people on the ground; bashile and julian plus a couple of others. it is going to come down to how fast the contracts can be agreed, signed and contractors get on site. once they are on-site, production will start. the illegal miners have helped us; they have already removed over burden on part of the site and exposed the mineralised pegmatite and extracted some of the spodumene. the stockpile (it is actually physically more than one stockpile as in where they have dumped the extracted spodumene) is substantial and will take several days to shift once sold. so hopefully, the contractors are on site this week coming or maybe the week after. i don't see that it makes much difference and it is not a ****up but merely down to the contractors ability to get on site.
once the stockpile is sold alr will not need any more external capital and should pretty quickly be able to make distributions to us and to rrr.
tin hill is only one asset in alr. once all the paperwork is dealt with alr might have several licences and once cash flow has started be able to do more deals elsewhere.
imho alr is worth several times rrr's market capitalisation even applying a discount for zimbabwe. i expect that rrr will put out a detailed presentation for alr fairly soon but the priority is getting into production not producing pretty pictures.
dyor"
For those that don't know the below poster 'Helpful' holds a personal stake in ALR. Last he said it was over 10%.
If i remember correctly he said the RRR/ALR business model is to speedily go into production and let the production numbers and profits do the talking.
So when he talks about ALR being worth serious money i expect he means that when the Tin Hill lithium production figures are soon released he expects them and the profits to be very good.
Https://www.mining.com/web/zimbabwe-eyes-world-no-5-lithium-spot-as-chinese-investors-boost-capacity/
ALR is worth serious money.
DYOR
It is rather ironic that both RRR and VAST have something in common, both CEO's are pursuing significant monies, in the case of VAST it is a parcel of diamonds that they have been trying to extract for over a year (worth $10m/$50m) in Zimbabwe and RRR seeking $12m in the Congo.
In both cases these companies have won various legal battles, the CEO's have been in country for months and months yet neither, to date, has come up with success.
Recent news reports over the weekend have suggested VAST may be about to succeed, their story has been very publicised, if either of these two companies succeed it will be game changing for existing shareholders and provide much needed liquidity to the sector.
Some form of update is required from Red Rock as Helpful has pointed out, had the company followed up on it's lithium progress/activity, even via images on Twitter, I am sure the share price would be through .30p by now.
Right back at you. No need for tears.
None of your business. Are you bells mate? Do you have anything to do with CLN’s. This is a chat board pal, you ramp and love what bell does, I think he’s out of his depth and needs removing. It’s just opinions, I don’t force people to buy or sell
If that is what you think, why did you buy in and why have you not sold?
Or could it be that you have sold and you think you can deramp a lower buy back price?
Jrlomax re interim admin cost not entirely accurate look at this comment in the RRR financial statement
"Included in the above admin costs for the year are £230,000 (2021: £174,000) in costs related to the administration of subsidiary project
undertakings."
This reinforces my point that RRR has a lot of projects in different countries all of which cost money even if there is no exploration activity
Activity is not productivity
And I have posted this a few times..
https://www.veritaszim.net/sites/veritas_d/files/SI%202023-005%20Base%20Minerals%20Export%20Control%20%28Unbeneficiated%20Base%20Mineral%20Ores%29%20Order%2C%202023.pdf
This is SI 5 2023 which changes the basis on which lithium ore can be sold and/or exported in Zimbabwe. I am not going to explain it detail, the consequences. RRR needs to update via an RNS when it thinks it is ready.
DYOR
15 Th June RNS