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You are forgetting ALR have no equipment to mine. No machinery on site. The lead times are very very long and the stockpiles and license will be in the courts soon enough imo
Still just £3.69m market cap here at the moment. 1p would only be £21m market cap. A lithium asset in production is going to blow that away imo. Let alone a further 3 lithium licences that can be put into production.
But the scale could be mid-tier, it seems we have an NDA with Prospect Resources who sold an 87% stake in there Arcadia Lithium asset for $422m to Chinese Major Hauyou.
https://twitter.com/StockBoxMedia/status/1641435956451627008?t=NMnHmD-VIg4UuPgIvVvqLQ&s=35
https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/
I'm mindful PREM & KOD ceo's were equally despised when they rerated 2000%+ from lows so whilst i'm no AB fan he could be sitting on something about to rocket now.
Atb
Tradedeck - yes there was a broker reccomndation of 2.8p about a year ago.
Of the dozen or so listed cash defining events none have happened and since then AB has issued 1.5bn shares.
So on a part past basis probably now 1.1p a share. But AB loves a fund raise double figures so far in 2023 so no doubt many more will follow.
Premier African shows the problems with going from exploration and a bit of quarrying, to building, installing and operating a quite complex industrial process. The people here who want ALR to go and do a deal similar to Premier African are asking for trouble.
Much better to just operate as a quarrying operation day one, generate cashflow and then improve the grade out of cashflow. Fine, you might get a better price by taking on debt and doing what Premier African have done but it is a much more complex operation with different skills required.
DYOR
Prem Traders will come here once they know what RRR is all about!!
3 other lithium licences due to and of course the $10m due from arbritration which AB says is close.
Prem Traders will come here once they know what RRR is all about!!
3 other lithium licences due to and of course the $7.5m due from arbritration which AB says is close.
RRR shares would be much higher in the Canadian markets. IMO it seems the AIM investors seem to lose sight of risk vs reward and have the rather naive opinion that management needs to work for free or somehow just deliver positive exploration results. Management at Bre X did really well at that until they got caught
As I said, Recon were due an update on the Damara Fold Belt which extends South West into Elephant's Namibian acreage. See my earlier analysis.
https://mailchi.mp/fb50b8856299/reconafrica-announces-an-independent-3rd-party-natural-gas-resource-report-for-the-damara-fold-belt-kavango-basin-namibia?e=32944d2cec
DYOR
2.8p sounds fabulous :)
At £4m market cap, theres literally nothing priced in. So on a risk v reward basis it is probably one of the standout buys given the next to no down side, providing AB brings it home now, lithium production commencement and arbitration cash and it is over 1p in a flash. Either of those two will propel it over 0.50 and rerate the stock. I think theres a broker rating of 2.8p out there.
Atb
I believe AB will be guiding the market in the next session or two as to quantity to be produced/grade & tonnage. This detail should rerate the stock.
3 other lithium licences due to and of course the $7.5m due from arbritration which AB says is close.
I believe the cln was cancelled and debt paid to clear the way for these announcements.
Value here for buyers as nothing is baked into the tiny market cap given AB's past - path of least resistance seems to be up all else being equal.
Atb
Just be- I think you have called this right.
If they really get $10m from DRC this will re rate.
Many on here think that's In the bag. Based on it being "imminent" 15 months ago I think what we receive will be between zero and say $3m. I think Andrew dangled it purely to inflate price for share issues. In reality it's miles away. Large holders happy to sell new shares at 50% gain I think should awake a few.
I've started buying here. Ceo aside the fundamentals are starting to look good. The risk v reward from the current market cap seems skewed to upside now. The next few announcements will firm up the details and I think we could have a very big rerating of the stock. Lithium is a very hot commodity.
Atb
Prem was ££4m Mcap look how many bags it did
RRR is undervalued Ithium production will suprise some.
time for CEO to get this company successful
This could be 0.05p or lower by year end with more shares issued and/or poor news or it could be multiples of today's price with good news and retail sentiment behind it. Seen these type of shares explode in the past under the correct conditions.
CEO is unfortunately a shareholders worst nightmare.
Certainly one to watch with interest. Imo.
Earl - you do the rounds
The jury is out on Lithium production.
Only three months back illegal miners were on site. We have pictures of a small rock stockpile and six rather ragged looking unarmed guards. Some fancy numbers being banded about on cashflow. At face value the infrastructure does not support those sort of numbers. Add to the mix Andrew Bell and his history of promising the earth and delivering little and its worrying.
Just as i predicted the rise will be sold into I'm pretty confident the update on actual lithium sales will underwhelm. Time will tell.
"forget the past, look at the future"
I wonder how many times that's been uttered by lemming retail "investors" for listed frauds and failures. This board is an absolute circus. As you were.
Given they have the all clear to start #Lithium production, the convertible & debt's been removed & circa $7.5m USD is imminent the mcap seems very light.
Mcap £3.5m
Too make it clear RRR is not producing Lithium and has no licence or offtake agreements with a.n.other for production and all that implies especially ESG requirements.
Whilst I agree that past news is old news,unfortunately in this case the past keeps repeating itself and will continue to do so.
ATB
Yep potential is fantastic, one of the reasons ppl are so cheesed off.
Seems this rather interesting CEO is finally getting his act together
Chatty
forget the past, look at the future and the opportunity of lit!!
Litj produ omh company under £4m Mcap company!!
that's why it's red hot to invest in RRR
name one sub £10m Lithium producing company
To make it clear the following was not from Armchair Trader in the last post
I have not counted but there must be several 100 fund raises over time keeping a lifestyle for the BOD including self awarded bonus shares which help increase pay cheques whilst returning nothing to shareholders except loss after loss.
Is the following a record ;-From the 15th December 2022 until 21st June,a period of just 6 months, the Mr Bell has issued some 11 RNS announcements concerning dilution,including 'incentive shares' increasing the SII from 1.34 billion to 2.4billion.
Why would anyone in their right mind buy shares in this company.
Why would anyone want to trust any output from Mr Bell one of the higher paid non productive directors in charge of share holders funds on AIM.
This a polite synopsis of Mr A. Bells activities;-
' RRR The company seems chaotic and aimless, or in the most optimistic scenario, cursed with bad fortune. Its ventures seem to be stuck in quicksand, whether it’s waiting for a favourable court judgement in the Congo (and if the company gets a positive decision, enforcement of that ruling); the IPO of a company holding some rainforest in West Africa with USD25,000 in the bank; the hope that Kenya will become a gold mining mecca; the need for a Toronto-based company to start mining a mothballed asset in Colombia in the expectation some royalties might materialise; or that Zimbabwe will be a simple and straightforward jurisdiction in which to extract lithium from. It’s all a bit messy.
Red Rock Resources opened trading on 23rd June at 0.19p and has offered a -33% year-to-date return, and a -50% one-year return with its shares ranging from 0.12p to 0.7p over a 52-week period. The company has a market capitalisation of £3.94m. In November 2010, Red Rock Resources’ shares were trading hands at 393.75p'.
I have not counted but there must be several 100 fund raises over time keeping a lifestyle for the BOD including self awarded bonus shares which help increase pay cheques whilst returning nothing to shareholders except loss after loss.
Is the following a record ;-From the 15th December 2022 until 21st June,a period of just 6 months, the Mr Bell has issued some 11 RNS announcements concerning dilution,including 'incentive shares' increasing the SII from 1.34 billion to 2.4billion.
Why would anyone in their right mind buy shares in this company.
Why would anyone want to trust any output from Mr Bell one of the higher paid non productive directors in charge of share holders funds on AIM.
RRR
@RRR_RedRock **Mcap £3.5m**
#prem £100m
#kod £101m
#clon £5m
#emh £92m
#bhl £18.5m