George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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From last post i should have added "more people". I know lots already know.
"TDT good post.
Let's hope more people now realise how he slyly operates on this forum"
Tin Hill- I should also added that title is also required in most countries (not sure about Zimbabwe) in order to be loaded onto a ship for export-to avoid stolen property claims etc-also required for conflict minerals. These are just basic requirements since "helpful' owns part of ALR he either should know or not post . I still remember his post that sales would happen in April- At some point being naive must be replaced with something else (take your pick- nativity, stupidity or intentional misstatment)
I still like RRR and lithium but really the RNS need to have more details and not just vague generalities.
Speculative you may well be right and 4 -6 weeks might be appropriate.
That RNS and the twitter stuff I think rather falsely led many to beleive it would be far quicker.
It is what it is
What we know is plenty more fund raises will be needed which dilutes current holders
TDT good post.
Let's hope people now realise how he slyly operates on this forum.
Banbury I agree -Tin Hill update is needed from RRR June 15th RNS
"Red Rock Chairman Andrew Bell comments: "Now that we have our environmental clearance, mining can begin on site. We are in a position to start shipping product immediately, and will make announcements as we pass various milestones."
so 25 days later- What does RRR/ALR need to do to make sales? sample and get assays (yes -but has it been done?)
negotiate for sale-are any other permits required? such as a sales license?
arrange for pick up -what equipment is needed and is it readily available?
fyi- In Canada & USA to sell crude oil/natural gas the buyer will want to verify title and get legal title opinion. I dont know how it works in Zimbabwe but in CDN/US that process takes 4-6 weeks. It is a one time process so a second payment on second sale is faster because a legal opinion is not required for any subsequent purchases
Spec - imo Duke posted that as Andrew said sales and production update from Tin Hill imminently a month back. Latest Rns walked it back and helpful who will know walked it back even further.
I'm a realist and I think it would be a mega result if they had 30k in sales. It's the perception that's all important here. RRR never delivers. Tin hill sounded different the one result but more fools us.
The fact Tin Hill is now not important makes me and I'm sure others think it's not a viable operation and Andrew is making things up to get placings away.
We need a Tin Hill update ASAP.
TheeDuke-Why did you post that? I try to read and listen to everything RRR says or posts and I have no clue as to RRR's priorities. IMO they lack focus. Personally I would like to see a RNS listing all projects, including those planned for 2023, with comments on what the 2023 activities will be. This includes permitting, license applications etc. So if RRR wants to drill then they first must get a permit, for Zimbabwe it would listing 4 properties, on which 3 they want to file permits for, if other property licenses are planned then RRR should state that.
IMO too much is unknown which leaves "helpful' to post messages which sound plausible but often are not accurate
LOL the vast majority of posters are those who bash RRR, primarily restate how they lost money 10-15 years ago
or they post the Congo funds have not been received (true) despite the decision being 'imminent" as in ready to be issued to issued at any time but they want it to mean a defined time frame like 7 days and then bash that it did not happen in 7 days
How many are pals with AB to pump and get placings away
You need to Learn to Invest if your idea of investing is to listen and follow people like Andrew Bell.
You would have to be a little sub par intellect wise to invest in anything he is involved in. Take a look at his previous companies and where they are now.
Get out now - sell at a loss but just get out!
Yep really slippery, using words with their correct meaning as opposed to a stream of meaningless verbiage. Maybe you should look the last one up?
Spec none of the bashers on here are paid. In the main ex holders who are tired of the lies that the company constantly puts out. Helpful says he did not say Glencore would pay redies and no of us can read and there it is in black and white in Helpfuls 19.24 8th July Post.
The only poster on here that is "conflicted" he may or may not be paid is Helpful as he is a close freind and confident of Andrew Bell.
I have given them a chance on Tin Hill and despite promises Helpful is setting the scene for no Tin Hill update. The world is now so rosy with multiple licences Tin Hill is of no relevance anymore.
How many here are paid by Glencore to bash RRR?
That's straight out of the snake oil salesman handbook that one.
If you ever needed evidence of what you've got here in Helpful then that's a perfect example. It's not so much a lesson in learning to read as an example of just how devious and slippery a snake he is. I guess he learned that from the master, AB, himself.
TDT
The reality is that their fancy lawyers haven't helped them so much in the last few years. Anyway, their fancy lawyers might cost more than it would cost to cut a deal with RRR. Who knows?
Yep
We're up against Glencore and their fancy lawyers
Yes and yes.
I am not going to explain why the VUP settlement has taken so long but maybe AB will once it has been signed. Until it is signed, it would be stupid to stir things up.
IMHO
Helpful I agree that litigation against Glencore should go our way if there is any fairness in this world but it could take ages to achieve and will this Company still be here? You would have thought the DRC money was simple to settle but AB never seems to get anything over the line. In the meantime we just keep going down hill.
Robins, learn to read.
I outlined the process and how RRR would get to a number (the quantum) for the claim. They might or might not be successful but the process remains the same. My view (and I might be right or wrong) is that the likelihood of a result is in RRR's favour. Glencore has got a demonstrated history of corrupt dealing in DRC which resulted in the DRC Govt fining them $160mil: see the earlier post from the BBC.
In a rational world, Glencore would want to do a deal and so would RRR but who knows what will happen?
DYOR
Guys you are invested in an Bell company. That screams misdirection and out and out lies, get out now.
I lost a lot of money in his companies before ensuring I never touched them again.
All this talk about us potentially getting money from claims. You might as well say we could receive billions and billions but the fact is we never end up receiving a penny. I used to believe what AB said but that was many moons ago.
Https://dictionary.cambridge.org/dictionary/english/expect
https://dictionary.cambridge.org/dictionary/english/will
Expect is probabilistic. As I said, people need to learn to read.
DYOR
Three exclamation marks, blimey.
8th July Helpful posts:
"PS I fully expect Glencore will be paying us some serious readdies fairly soon"
.......
Today 10th July Helpful posts:
"You lot need to learn to read.
I never said that Glencore would hand over readdies"
🥴🥴🥴🥴🥴