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Https://miningzimbabwe.com/simplified-the-new-base-minerals-export-control-act/
DYOR
Looking forward to it :)
Many twitter posters are getting in, some with big following!!
Many big news to land here anytime with sp doubling within few hours with arbitration claim signed news!!
Elephant oil is listing in US and news could land here any moment!!
License in ivory coast to be approved!!(one licence approved last week)!!!
Sell of stockpile just days away!!!
And they found a brine within their gold deposit in burkina faso and more work will be done soon!!
Elephant oil holding worth 2mil usd for RRR!!
Arbitration claim is worth 10mil!!
Sell of stockpile will generate 600k a month!!
And mcap is just 3.7mil??!!
Need a big RERATE here!!!!!!!!!!!
Dyor, hold tight!!!
Https://twitter.com/Tertiaryplc/status/1673620133023981571?t=yLBC1d4cCVuwGCJ_Tqj7xA&s=19
DYOR
That was a T e le gr am group. Not in it.
*************redrockresources
@Helpful - really useful insights here. Hopefully several updates to come are way now.
"Initially ALR will be selling 2% grade locally at $200/$$250 per tonne..
The question then is, can it get to 3% grade 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."
"Initially ALR will sell the stockpile at surface and mining will start properly sometime back end of next week, early the week after (based on previous RRR/AB public statements).
The target production has been stated at 5,000 tonnes per month from the first site: at 2% lithium.
The price for 2% lithium in Zim seems to be currently $200/$250 per tonne. 3% for export is about $1,000/$1,500 per tonne. Just multiply out."
Looks like the herd is on its way...
https://twitter.com/tozzer121/status/1673601277303873536?t=UU3gRfDR6EoL2GTuO3d9bQ&s=19
Try not to get trampled underfoot.
DYOR
15th June RNS the big one is hugely short on detail. All it really says is we have received the EIA. It's also clouded with generalities and assumed links between CdeIv and BF licences and Lithium.
Seems like classic Bell to me. Nothing on DRC
If anything was certain it would have been in RNSs but nothing is hence its Twitter and interviews.
Slow drift down whilst we await news. I think next Zimb update will underwhelm - snags issues , delays. Infrastructure,, illegal miners etc. $500k a month will be put out there but timeline will drift more and more and inevitably further fund raise !!
I hope for your guys sake this one does not follow the above pattern that Andrew has been stuck in for fifteen years. As you all say the past is irrelevant but Andrew has not got a project over the line for so long it's becoming a habit.
Rent , but look at the lead times for equipment.
Maybe H can tell.us more
LOL are suggesting that mining equipment is not available? to buy or rent? or to hire a contractor to perform work?
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."
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