Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Capt Kurk asked and answered-if not paid off then they get rolled over
Helpful - I can almost see your bulldog Chewing a wasp face now.
A ship is ablaze with 3000 cars off Holland. Cause of fire probably one of 50 electric cars. Lithium and electric vehicles have issues but I don't post that as its so tenuous as to be useless to this board. For the sake of all of us cut the generic stuff latest gold and lithium prices what's happening in every other company who are in similer regions to us etc . All holders want is us to provide some RRR specific news and outcomes like income sales etc.
Helpful - you need to give it a rest. That last post was so generic as to make it as useful as a chocolate fireguard to RRR posters fans and critics.
Constantly misunderstanding stuff is pathetic. Read it or don't, who cares? It gives data about copper use in the grid. Most people go on about copper use in EVs but the whole grid worldwide needs upgrading: a huge source of demand for copper.
xx
Exactly DYOR and decide if you trust Bell to deliver anything other than empty promises. Posting other people’s tweets to ramp a stock is pathetic.
Https://twitter.com/MitchSmithVanc/status/1684192459096743936?t=wLmMus2hAnUIQN0zJ8_I5Q&s=19
DYOR
Too many uncertainties here atm to make an investment anything other than a gamble. Plenty of less risky investments about to house any spare funds imo
Jr he was torched for imminent !
I think he will put a pin in the list so brewing ? Looming ? Anticipated ? Threatened ? On the way ? In the pipeline ? Close ? At hand ?
Bell Bingo
Bell is probably working on the next fundraise and will say in interviews that it’s to fund imminent lithium production and to fund the recovery of the Congo money. Sound familiar.
Failure to update the market on the convertible bonds. Very poor
Where is the money and interest payments coming from ?
No one knows:As per the ŔNS The company will update when certain milestones have been achieved (See what they have done there 😉)
Spec agreed. Not sure why they need to spin it but they allways have.
I thought when I logged in and saw RR up by 30% Congo had come in. Rolls Royce unfortunately
From June 16th RNS " The Company can therefore start production and sale of lithium product."
Am I being picky on the use of word choice?
Can is not the same as "have started" or "will start"
The permit gives ALR/RRR the right to start but it is not clear that production has started or will start
Is the shift in priorities mentioned by Helpful to picking up properties and not get cash flow?
Bell needs removing, even that would give a price lift. He’s out of his depth
Speculative - that was a really excellent post. I know you and others are bullish and you may be right but a strategy and plan are absent.
If the Congo does come good it's so important Bell uses it wisely. He squandered all of our Jupiter shares which he said he would retain for the income. Still think DRC is dead but would be genuinely delighted for investorsand you if I'm wrong.
Helpful- I agree that RRR has many irons in the fire however what is missing is any sense of priorities and timing of those projects. RRR continues to suffer from self inflicted wounds with no explanation. What do I mean by that?
Lithium-'sales are imminent' ; working on projections which should be done in 2-3 weeks, multiple applications ready to file.
No doubt there are number of projects which need cash to proceed, some project (such as filing applications) are matter of waiting with actual timing contingent on others to act, including regulatory/government agencies whose actual timing of a a response is always problematic
Others such as ELEP, Columbia etc are outside the control or influence of RRR but are still worthy of being commented
upon
There no sense of what impacts RRR sense of direction or management of its assets. IMO it is hugely influenced by the timing of Congo cash, which is fine, but then what was the rationale of moving forward with other projects or work programs until that issue was resolved?
15th JUNE RNS:Guess they haven't met any milestones yet!
Good questions. You need to ask Mr Bell but I am sure being in DRC sorting out the readies gets in the way of dealing with other stuff. Even if I knew I couldn't tell you but however close he is, it ain't done till it is done
DYOR
It’s all fooking pish and wind until they sell some lithium, notice how the rompers don’t even mention the Congo anymore.
Helpful - whats the issues at present at ALR and getting started with shipments?
Operations were supposed to be fairly immediate and ALR/RRR were meant to have put out numbers to market within two weeks according to Bells interviews.
Just Be you remind me of Winnie the Pooh, the bear of little brain.
The report on POW was only published literally 4 hours ago. In it there is a Sum Of The Parts valuation. It looks at each asset individually. RRR has 51% of NBGC and so the value placed on POW's NBGC holding is pertinent. Does it change anything? Not a lot, it is just relevant and timely information.
Two things are important: the valuation and the discount. Probably NBGC is valued by the market at zero in RRR's market capitalisation. Either RRR needs to sell the asset or get it listed. Once listed it will get a read across from NBGC's MC and the NBGC cash burn is off RRR's P&L.
If necessary, RRR should do a deal with POW on NBGC and then look to get rid or list it. Much easier to get some action with only one owner.
Lastly, given RRR's miniscule market capitalisation, all of these side shows are in for free.
DYOR
What all this does show is that whilst ALR and DRC are the main attractions, there are lots of side shows going on. Most have decent value but the markets puts zero value on them.
DYOR
Buzzing from one pile of steaming 💩 to another attempting to deflect.
Question punters want answering is....
Where are the lithium sales?????
Helpful you are always changing your opinion to fit in with your latest ramp.
The other week you said:
"My view is that they should just do a deal and move on. RRAL burns a lot of cash"
New report on POW: https://resolveresearch.co.uk/companies/power-metal-resources/
Values NBGC/RRAL at £8.38mil for its 49% stake and then discounts it by 75% because it is unlisted so puts it at £2.1mil.
Shows why RRR/POW need to get it listed asap.
DYOR
PS if you take Soma's numbers for El Limon (3,000 oz H2/23 and 12,000 oz full year 24), then it is planning to produce about 3,000 oz per quarter give or take. From that we would expect that El Limon will be in production by 01/10 and probably a little earlier. To make up for Christmas El Limon production needs to get going a bit earlier than 01/10. Normally, you wouldn't start the mill up till you have a stockpile of feed. The El Limon mine needs to some extra work done on it to restart it plus the mill will need some work and testing done. All in all, I would expect them to need to be ready by mid September: to get the mill and the mine ready probably means that they need to start the work pretty soon. IMHO
https://stockhouse.com/news/press-releases/2023/07/05/soma-gold-reports-q2-gold-production-of-8-897-aueq-ounces
Soma's next quarterly update is due mid to late August.
DYOR