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.
Lol yes. I feel completely safe.
@davies102 - security is in place.
https://twitter.com/RRR_RedRock/status/1663571603609853954?t=BZQpV_AmqdgghnMiLJUVww&s=19
Banbury - i believe so - in his interview with Stockbox some 6 days ago he said 1 to 2 weeks give or take to guide the market on a production model so that should be very soon and a series of updates on first production and various other milestones.
Essentially as Helpful described in his earlier post, he's pretty much described it as AB has with a bit more detail, given he's 10% funder of the asset it makes sense why the two correlate:
"Initially ALR will be selling 2% grade locally at $200/$$250 per tonne..
The question then is, can it get to 3% grade (3% for export is about $1,000/$1,500 per tonne. Just multiply out) for export with a bit of grading? If not then it needs to beneficiate and it might as well go to 4.5% which sells at $3,000 per tonne.
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."
The above is from 1 licence, theres a further 3 EIA's pending so x4 those numbers. £4m mcap seems to be a bargain.
Thanks Trade so we hopefully will see some formal [RNS] not twitter communication on income in the next few weeks.
If we do even I might be very impressed and eat a little humble pie.
Good luck if you are invested.
Worth a listen - https://youtu.be/69eEhdIwhWo
will be phased approach as not to make the same mistakes as PREM - initially on a pick up and pay basis quarry type operation with grades rising to above export level.
"a quarrying operation on a pick up and pay basis: payment is 3 days/7 day"
Zumore - I've never quite understood how pictures a month ago of a peice of barren land a small pile of rocks and eight rather dishevelled security guards - translate into a fabled $500k cash flow per month almost immediately.
They have no infrastructure so like you I'm really not convinced this is not AB bluster.
Tradedesk is completley right balance is important and I'm not saying we don't have potential at sight. Its just do we really beleive we can develop it.
Normally we mortgage any assets we have and sell them at a song with no benefit to shareholders. Not convinced this will be any different.
Congo would be a game changer in terms of cash but that was imminent 15 months ago.
Interesting times - 15 years of dissapointment will it really turn for the good.
Ours is Zimbabwe, Marula is operating in SA i believe different markets tbh. Ours will start of as a 5k tonne per month quarrying op i believe, an initial stock pile is already there. Contractors will be brought in. We'll be guided shortly on all of this.
ALR/RRR have 4 Lithium licences in Zim, with 3 EIA's pending and 1 granted. Will be a much bigger operation than Marula pretty quickly, by getting the first licence in production it will derisk all of them.
If you open up your link Marula put in place a $5m pre payment offtake, it wasn't dilution.
Fast forward to Marula's 28 April 2023 Quarterly update and it's very slow going.
https://www.aquis.eu/stock-exchange/announcements/4076124
In Marula's $5 million agreement ($2.5 million already paid) they still haven't supplied the 2000 tonnes of high grade 5% Lithium to the buyers.
In those 3 months they processed 6,500 tonnes. None of it yet sold. So when we are told that RRR/ALR will be quickly selling 5000-10,000 tonnes a month then to me that looks pure fantasy.
Although £11 market cap Marula mining 'blesberg Project' is aiming for higher Lithium grades and it has greater ambitions than the RRR/ALR 'tin hill project' it does have some similarities.
When Marula announced Blesberg production in November 2022 this Marula RNS gave an indication of what was needed to be done. From reading RNS to get into a position of production looks expensive. RRR/ALR are trying to achieve the same on a small budget. Red Rock can't do small budget so i believe the Tin Hill project will fail.
https://www.aquis.eu/stock-exchange/announcements/3846665
Agreed Liquidsilver
Kenya is booming for gold miners!
Also burkina faso is the one to keep an eye on as they found gold and within gold deposits they found the lithium brine!!
Ivory coast? One licence is approved and two more are close to be approved as they were submitted around same time!
LITHIUM!! THE NEW OIL NOW!!
Just bought my first 3m shares.
Delayed print of 5m buy.
Don't forget the land grab in Victoria, Australia or the Gold project/licences in Kenya.
Remember the run ECR had a couple of years ago speaking to a major for their licences in Victoria.
Eyes off Victoria at the moment but they will son come back again if/when the Gold price rises.
Kenya project:
https://youtu.be/FT-RD1cATdw
This will now come into focus again.
Wouldn't surprise me if a deal is to be made for both jurisdictions.
GCAT (Kenya) & POW (Australia)?
Perfectly said!
The ramping isn't helpful nor is the deramping tbh. Middle ground needed please. Next few RNS's will set the direction. Suggest people wait to be guided by the news. There is very little baked in to the current valuation, if the Board & Management deliver now there are substantial gains on offer, all about positioning for it.
If the company does nothing else now and stays focused on getting the Lithium assets into production it will be a company maker. AB has to stay focused, if he does that the market is both fickle and forward looking, he will have the market behind him in a big way. All about derisking it now, from £4m mcap that shouldn't be too difficult. The $7.5m cash due would be a game changer too.
Lithium stocks command significant valuations, rrr has a window here.
Atb
Has AB found his lost pen? For the signature? Lol
Hope so.
News is not far though.
Twitter is buzzing and many are ready to get in.
Https://twitter.com/CaptainTruth999/status/1673959814676791296
DYOR
GLTA
Hahaha
Lots of idiotic posts by those derampers!! Lol
One simple question. If you do not believe in this company, then what are you doing here??
Looking for cheap entry is the simple answer!! Lol
News ahead!!
Arbitration claim!!
Sell of stockpile!!
New licences!!
Elephant oil listing!!
All these news will add significant value in sp!!
We recently got rid of Riverfort!!
We recently got EIA approval!!
So ball is rolling now!!
Arbitration is signature away only!!!
One licence approved for our sub in ivory coast means two more are just weeks away from approval!!
DYOR and best to filter these idiots!! Lol
Https://twitter.com/CaptainTruth999/status/1673959814676791296?t=rU8fefCNxxFT4V7qfnpQuw&s=19
Tell me about your predictions of no licence, no EIA cert, ownership issues and court cases. You are going to have to make some new stuff up.
H where are these immediate sales of spodumene 2 weeks later ??
Tell me more about these imaginary court cases... Presumably they exist outside your imagination or maybe not?