Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Chatty re Congo What is your suggestion as to what RRR should do in Congo? Not go? cancel arbitration? not collect the court awarded amounts?
From the statement;-Our willingness to do this depends on our demonstrating to our shareholders and potential partners that investors in the DRC can be treated justly, as they have not always been in the past.
Then how come the travel advice is as follows, dated just 3 days ago;-Avoid non-essential travel to the Democratic Republic of Congo (DRC) due to the current political and security situation. Including ;-Avoid walking alone and displaying signs of wealth. Avoid getting into vehicles with strangers, even if they identify themselves as police ...
Bell must be desperate for money, not only is he litigious over non effective results so far ,just because he failed to keep his on on the ball over investments which are so risky as too make them unviable as can be seen from the instability through armed forces and prevalent disease.
He has delivered nothing to shareholders except himself.
H are you expecting EOC to list this week ?
Will AB ever deliver or will he remain a bullshxttxxr. Time will tell.
This is a slice of that information :
KEY EXPECTED DEVELOPMENTS IN 2022
AFRICA
The first of these, though one we cautiously underplayed in our public statements in order not to alert too many potential adversaries, is the expected successful conclusion of our efforts in the Democratic Republic of Congo ("DRC") to obtain recompense for the sale of our interest in a copper-cobalt joint venture. We told you last year that once we discovered what had occurred, we had moved promptly to obtain a freezing order. We later obtained judgment in our favour for 50.1% of the US$5m consideration already paid. This judgment is executory and cannot now be appealed. We obtained a further judgment from the Congolese courts for US$2m for costs and damages. This judgment is being appealed. Finally, in relation to the US$15m consideration not yet paid, we went to arbitration to claim 50.1% of this amount. Our case is of overwhelming strength, and there is a draft award, but up to the time of writing our former partners have not attended a meeting where they would sign the Minutes of the Arbitration.
This playing for time cuts both ways. Parties acting for our former partners were trying to get us to agree to US$2.5m in the arbitration, rather than the US$7.5m to which we are entitled, and the prospect of receiving US$12.5m of the US$15m subject to the arbitration is obviously enticing. But without our signature they too get nothing, and we think we should sign for what the Arbitrators we believe are minded to award, not some much lesser amount. The contract was quite clear, and the principle that foreign investors should not be unjustly deprived of their property is accepted by enough people that we feel confident that we will prevail. This is not only in the interests of justice, but in the interests of the Congo.
Despite recent frustrations - we spent a total of some nine recent weeks in two spells in Kinshasa for the arbitration and in waiting for the result - the year is one that has seen great progress on this front, if not a conclusion.
The relationships we have built may enable us to proceed with a new joint venture, also of substantial value, should we wish. Our willingness to do this depends on our demonstrating to our shareholders and potential partners that investors in the DRC can be treated justly, as they have not always been in the past.
https://twitter.com/CostaMooney/status/1614947972655230976?s=20&t=dHMW0S_HD1fWU6I6tVNmIw
The decision to not consider Caracal paper was the right one.
DYOR
I suggested if Bell can get the $7.5m to $10m cash out of the Congo that Red Rock are rightfully owed it will be his greatest ever achievement, he failed the first time, he failed the second time and he is now trying again.
If he is meeting the President there has to be some real chance third time of asking, due to the nature of location and discussions the outcome will remain hidden until a official RNS, you are either in or out, IF he money comes RRR stock will spike higher for certain.
Time will tell, you have to be in it to win it !
BS I know that you are not interested in information but others might be, you never know. If you read them, you might learn something or maybe not.
All this ramping for your clients suckered in at higher prices and you can't get the SP over 3p lol
Keep posting links thou
https://twitter.com/TereaAfrica007/status/1614574455543730177?s=20&t=arlbdt-lVvMQRkl__KY7iQ
Bs not sure what you mean.?
The $500,000 has been raised already for the listing process - next step is approval - then roadshow for $8 - 15 mm IPO funds -then listing.
Have I missed something??
Whilst the upward move in commodity prices has not yet been reflected in the juniors it is only a matter of time, I conclude the floor is in, all are down in ranges 60%-90% since Q1 2021.
All boats will rise together, in the last bull run fortunes were made with the illiquid juniors multi bagging from lows, the shrewd have been buying, Twitter feeds that have been dormant for months are now returning, retail investors are waking, volume and liquidity will increase.
Buy the lows and profit.
Now ghat hold is touching 2000 usd per oz I expect Bell to move his story line to some some hold prospect he has in the port folio.
How does that apply to AB's pyramid scheme ?
https://twitter.com/D_Jimenez_Sch/status/1614272773995614209?t=KELOqz7anLesIpyl1oUphA&s=19
They need more that $500k for a listing
https://twitter.com/TheEconomist/status/1605876431510274049?s=20&t=jv-LoZwO-be5ds7zdS2grw
Currently $1,921.
November it was $1,625. that is a huge move and changes the economics of gold assets. $300 an oz more profit on gold assets. Looks the predicted big move is happening.
DYOR
What is going to be fun about next week H ?
ELEP has a firm committment for the funds
"What is a firm commitment underwriting?
Firm Commitment: In a firm commitment underwriting, the underwriter guarantees to purchase all the securities offered for sale by the issuer regardless of whether they can sell them to investors. It is the most desirable agreement because it guarantees all of the issuer's money right away."
They can file as much as they like. They haven't got all the agreements in place. No one will give these clowns any money
see https://www.sec.gov/edgar/browse/?CIK=1865833&owner=exclude
two filings made today (Jan 13th) updating the 2 filings made on Jan 6th