The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
019 paid there
0.17/ 0.19 now and nt to buy with Halifax try 1 k worth
Looking at price movements, there is very big reversal due here
Hi Porridge - you have made my evening.
I reccomend posters spend 15 minutes looking through your posting history.
So many memories and reminders of failures and as you post infrequently an easy read.
You bailed 2 years ago at 1.05. You argued with Helpless [ what a great nickname] who was still there 5 years ago ramping the roof off this.
All we need now is Stephen aka helpful or helpless to show up tommorrow with a few links to gold and lithium prices !
Long term holders can rest easy we don't need Tin Hill as Glencore readies are on their way as are the Limon royalties.
Please read your own link it was not questions but " allegations of wrongdoing, including criminal allegations"
Back in 2013 an investor who questioned AB’s ability on investment boards was sued by Mr Bell and made to give a formal apology. Posting something on public boards is not illegal if you genuinely think it is true. I wonder what the ciurts would judge if it happened today .
https://www.internetlawcentre.co.uk/defamation-by-investors
Eeeeek!
Guys - do your mental health a favour and QUIT ANDREW BELL companies now!
Will Refining be the Bottleneck for Lithium Suppl…: https://youtu.be/QqF_OZJSbxY
As I have suggested before, everything Bell says is surrounded by fog and intrigue, the latest example being the 'presentation' which he proudly suggested would show the market the prospective revenue stream coming from the Tin Hill lithium project, if the timeline suggested by Bell (on a media interview) was honoured that presentation would be imminent, at the latest end of this week.
Helpful suggests he is not in 'cahoots' with Bell, well I am sorry I totally disagree, Bell did not offer me or any other Red Rock shareholder a piece of the Lithium project like he did with Helpful and Co, further evidence they are being rewarded for their voting power IMO.
As I posted a few days ago Helpful is now suggesting that 'presentation' would now be out of date, this implies it is not coming, Bell has not said this but because of the closeness of Helpful and Co to Bell plus the fact Bell has form in non delivery / moving goal posts suggests to me there will be no 'presentation' this week or even near term, who knows.
Bell posts under Auntie Ettie on the other site, on 15th June Bell (under Auntie Ettie) he posted this
'All this is to say that talk of a cash call is contrary to what the company has communicated, and as such can be disregarded as bad market commentary'
To most onlookers this would suggest no placing was expected near term but on 22nd June Bell raised £300k via a placing, Bell then said the wording was careful and it did not mean a placing would not be carried out, this is an example of how the man thinks and more importantly operates.
Bell needs to update the market regarding the presentation and the situation regarding the Lithium project(s) ASAP.
Helpful you are in a minority of one at the moment. Even investors who are bullish (spec and H50) have indicated you have over ramped Tin Hill. But that's what you do over ramp anything to do with RRR.
Duke, well they obviously do think it matters.
When RRR confirmed receipt of the EIA certificate it shot up 80% even though production had not started. So the market at one point thought that news worth £4mil ish. Separately, a broker report did a SOTP calculation and it included RRR's holding in ALR at £1mil ie., about £2mil gross. At the time of that report ALR did not have the EIA certificate and so the valuation was solely based on Tin Hill and that RRR expected an EIA certificate plus it had some licence applications in train.
So whatever you "think" ALR is now worth more; if that broker report is redone then purely on the same valuation methodology you would think that they come at around ten times what they said in the report: 10x the acreage, EIA certificate in place for one asset, EIA applications in train for the others and so on. I suspect that they would come out at around 15 times more.
So you now need to go back and say what should it be valued at now? Whichever way you cut it, it is more; how much more, who knows?
DYOR
Helpful-If I had an % of ALR what would matter the most is cash flow. ALR has a lot to do to measure the contained lithium in the acreage. The prior plan was similar to a quarrying operation, mine what could be seen and then sell it.
Your analysis is based on a faulty premise that there is lithium everywhere. FYI it isnt
Extracts from two 'HELPFUL' June 1st posts:
"The monthly distributions from ALR to RRR would be in excess of $2mil in a couple of months. It would be madness to sell now. "
......
"AB has already said the target is 5,000 tonnes pm: the price is $200/$250 per tonne. Just multiply it out.
If we can take the grade to 3% it can be exported and the price is $1,000/$1,500 per tonne. Same, just multiply it out.
Once the first site is operating ok, we can do the second site"
..........
We were told that first site Tin Hill could be started at very low costs and would quickly generate huge amounts of money.
No need to shy. Just release those profits! 😁😁😁
When did RRR/AB say they were working on projections? sorry bit lazy today, so I did not look up.
I thought AB said 2-3 weeks. A lot of RRR's problems with disgruntled shareholders are self inflicted By that I mean expectations are set and then not achieved but with no explanation. There is no sense of management just hopping around .
I realize there are too many projects but even in fighting a fire(s) there should be a plan
Banbury, you and Duke bring a whole new level to the meaning of stupid. I can't work out if you just put it on for effect or you are really are as backward as you make out.
RRR has loads of different assets: each to them produces news at different times. I posted news on Soma. It has updated the market that it is ahead of forecast on production at El Bagre. It has already stated it will bring El Limon back into production H2 2023 and produce 3,000 oz in 2023. If it hits production constraints at El Bagre earlier than forecast it will need to bring El Limon into production earlier than forecast to maintain growth: no more than that and no less than that. https://www.somagoldcorp.com/post/soma-gold-reports-q2-gold-production-of-8-897-aueq-ounces this was from 4 days ago.
El Limon being brought back into production is good news for RRR: it has nothing to do with ALR or DRC or anything else, it is stand alone, it is not instead of it is in addition to. Soma owes RRR just under $3mil; resumption of royalty payments is good news regardless of how the trolls try to spin it.
ALR and Tin Hill. No one is running Tin Hill down but it has become less important than it was: it is entirely arithmetical. ALR now has the new licences issued and purchased licences transferred with some still outstanding. If I remember correctly Tin Hill is 51 hectares and according to the RNSs it appears that we are now at 483 hectares and will soon be over 500 hectares and close to 600 hectares.
At the end of the day with ALR what matters is the contained lithium in the acreage. If the contained lithium per hectare is broadly the same then ALR now has about ten times as much acreage with about 10 times as much lithium. For the contained lithium to just have doubled the lithium contained in the new acreage would have to be at a grade just 10% of the grade at Tin Hill.
Whether the lithium comes from Tin Hill to be sold or one of the other licences makes no difference; what matters is that we sell lithium. The attraction of Tin Hill is that it now has the EIA certificate whereas the others are a few weeks away from getting theirs. The above says nothing about grade or total contained lithium or production or sales; it just arithmetical. ALR now has a lot more lithium than it did have a few weeks ago; how much more, we don't yet know. RRR has previously confirmed in RNSs that in all the licences are pegmatites at or near surface and that it has taken samples and had them analysed.
And no I am not going to post anything on here that would get the trolls squealing about insider knowledge and all that good stuff. ALR should pretty soon have 5 licences in production; I fail to see how even you trolls can spin that as a bad thing.
And no it is not down to what I say, it is in the RNSs.
DYOR
Helpful it like the song hit the road jack. No more no more no more no more.
Years of broken promises amounting to nothing.
The final promise whuch many beleived was tin hill. We finally had an asset worth shouting about.
I have re read your posts (as I can read) from mid June. You Helpful a 10% holder said sales of the stockpile in a week.
Now suddenly Tin Hill is not relevant
It's not right or fair that you distract and deflect from Tin Hill.
Has any stockpile been sold ? We await the rns
ALR is not just Tin Hill. You will have to wait until RRR is ready to publish its presentation.
So you are admitting that you posted outright falsehoods?
Soma has stated a couple of days ago that El Limon will restart production in H2 2023 and the target production is 3,000 oz for 2023 and 12,000 for 2024. It has also acknowledged the NSR in its recent annual report and accounts.
And no $300k pa is not the be all and end all. Funny how when El Limon is not in production it demonstrates RRR's and AB's failures but when it is about to restart it is suddenly irrelevant and who cares about it anyway? All these things are about marginality. Look at the recent broker report doing a Sum of All the Parts analysis: ALR will now be valued more highly and when El Limon is brought back on line the same will apply to the royalties.
DYOR
When are you making that £1,000 payment to Christie's Hospital in Manchester, you know, you being a man of your word and all that good stuff?
Sorry helpful to recover the $3m looks like over ten years or so. So very much a long term contingent asset not a debt.
Interesting but fluff in terms of the capital we need.
If it had any value Bell would have "hocked" it or sold at a huge discount. Just like he sold that asset off on the cheap when we were desperate for cash.
Helpful - all any bodies interested in is Tin Hill.
Even by your standards posting that we are owed $3m on the limon really is scrapping the barrel.
As the Duke says - Tin Hill postings please.
Duke, why do you continue to post outright falsehoods?
El Limon was sold for $5mil just under $3mil remains outstanding. The difference between the $5mil and the just under $3mil was repaid via the redemption of the promissory note, cash and some royalties (about $200k).
Production at El Limon stopped because Para, the previous name for Soma, wanted to concentrate on new assets in Arizona that messed up and then Soma acquired El Bagre and wanted to get El Bagre to maximum throughput before restarting El Limon. The only issue at El Limon is that new mine access had to be put in place to maximise efficiency.
DYOR
Hi,
when are you going to pay the £1,000 you owe to Christie's Hospital in Manchester?
Do you need me to repost it all, presumably not with you being a man of your word and all that?
*$80k not $8k
Https://twitter.com/SomaGoldCorp/status/1677313663101796352?s=20
https://www.somagoldcorp.com/_files/ugd/538e5b_ad273f3e68534eaaae88b7b27eeb919e.pdf
Page 6 El Limon to restart production in H2 2023
Soma reckons production is ahead of target: it will therefore need to bring El Limon into production earlier because it will hit the processing limits at El Bagre earlier.
Soma owes circa $3mil to RRR to be paid on a net smelter royalty from El Limon production.
Page 7 2023 plan 3,000 oz from El Limon 2024 12,000 oz from El Limon. Royalty 2023 circa $8k and 2024 circa $320k.
Royalties are paid quarterly in arrears.
NB El Limon is permitted for higher production but would require work on it. Based that on $900 margin. If Gold goes higher then the margin increases pro-rata and so does the royalty.
DYOR
Just the same as Vast.Its criminal really