George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Seller still around then
Yes and every time JBER pulled us back.
Bladderman you've been saying that for weeks !
She looks primed for a move
Evidently not
Surely not another placing already haha
Bladderman, did you miss the Lithium update rns on 3rd July?
Red Rock Chairman Andrew Bell comments: "As work continues to prepare for processing and sale at our first location"
Would suggest an order was filled. Bring the production and sales
0.184p are buys. Back to 0.2s please for starters
JBER now a buyer - so seller cleared thank fooooook.
Lithium production baby
Https://www.newzimbabwe.com/red-rock-resources-plc-bikita-lithium-project-licenced/
Sea of blue and full Ask getting absolutely peppered with about £25k of buys. Naughty JBER
No justification for the drop. Two MM at 0.2 the other two at 0.22. Very strange.
Bell is the problem
0.22p paid a lot last week and now 0.175p available with a production update due
JBER on the Ask the rest at 0.2p
Don't understand the selling here
Oooer
Hey, either listen to the interview or don't: I don't care but how can you make an informed comment if you don't listen to what is being said, whether you agree with it or not. Your position is that I am not listening because it is nonsense and I know it is nonsense because I just know. As it happens the VSA comments are perfectly reasonable.
DYOR
Unhelpful, it seems the market agrees with me, red day after red day. I’ve not read so much blag since Mr blag wrote his book called the encyclopaedia of blag for big blaggers.
Helpful posted 16th June:
"So the first job is to get the stockpile sold, then start it's own production. Once it has some cash in, say back end of next week, it can review the grades and make some decisions.
So the starting point is 5k tpm at $200/$250 per tonne and then improve the grade for export asap. If it can be exporting by the start of August then it is a lot more than $5m per month.
DYOR"
Banbury you keep making up/imagining problem that aren't there.
If ALR needs more funds then they are available. If ALR wanted to raise outside funds it could do so. However, the amount of money these things cost in Zimbabwe is much lower than people think. The proper costs will start when we put processing plant in place but still it won't be much: eg., on one important piece of kit the price quoted is less than I have spent on a really good night out.
The issue re ALR/Zim is greed. ALR doesn't have to go down the road of Prem/Prospect. It looks to me that we can put plant in place that will process to about 4.5% for about $200k/$250k. Both Prem and Prospect wanted to process much higher volumes than ALR and take it to a higher grade, SC6.
4.5% grade will make us all more than enough money.
DYOR
Mr musk eyeing on zimbabwe lithium!!
Chinese got competition now,lol
Banbury - how many times mate, RRR/ALR will not be exporting straight away. It will come quite quickly tho.
"The initial plan is to produce and sell Lithium ore with a target grade of 2% (1.5%-3%) into the local market, on a pick-up basis and with a seven day sales to payment cycle. When the operation has been stabilised, ALR plans to introduce a flotation unit in order to beneficiate the ore to 4.5%-5%, so that it may be sold into the export market. There are no immediate plans to delineate a mineral resource estimate."
Atb
Lomax, you have just illustrated the problem with a closed mind.
VSA are these people: https://vsacapital.com/
They are nothing to do with RRR, they do a daily morning analysis. Some of the companies will be held by them and some they will be corporate adviser to. Neither apply in RRR's case.
The comments were in passing and related to the ease and speed with which lithium assets can be brought into production in Zimbabwe. ie., exactly what has been said on here previously.
Here is the full VSA interview from 4th July.
https://twitter.com/VSACapital/status/1676140277705080833?s=20
DYOR