Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Umm - not sure that's fair. As previously stated our Nomad will have had to arrange for translation of complex legal documents prior to sanctioning release of an RNS. It could also be argued that until any agreed monies are received - then a material price sensitive event has not occurred - bit of a grey area I feel. If, as we all (well most of us!) hope a payment has been agreed then we should expect a delay whilst parties arrange to make funds available and once they have we can't expect 'faster payments' type timescales for payments from DRC.. That said time is running out for this theory - should see something soon one way or the other...
The fact no RNS has been released suggests that nothing material has been agreed.
I certainly agree that any deal involving staged payments would not be well received - there would be a lack of faith in the payments actually taking place. We really need to see a big lump of cash in RRR's account... I am, however, intrigued by Andrew's twitter comments about resolving the issue 'once and for all'. That could, I guess, mean full payment of our $12m or so. Could it not also involve the unwinding of the sale transaction altogether leaving us to negotiate directly with Glencore? Now that could be transformational ( although probably not the 'jam now' people want...
Thanks for the article; when Musk pronounces on something, it generally becomes self fulfilling until he changes his mind. But when he needs Lithium, why bump the price, unless he has an alternative and is trying to sabotage those dependent on Lithium?
I have bought back into RRR and am currently in profit!!!! But I have to say, I find this song and dance in DRC a little frustrating, the question remains (and we keep being teased) has AB secured a "result" or not? A positive outcome in cash will transform the balance sheet and sp, along with AB's ability to progress opportunities without an immediate placing or giveaway of licence percentages. It will put RRR in a much stronger position. A deal that does not have cash but promises of percentages and licences at this stage of RRR's game will see RRR snapped up or bankrupt, but no doubt AB will still have an interest and shareholders will not get their jam. This is RRR's big roll of the dice, let us hope it rolls in our favour - but AB, some positive news would be most welcome.
Amusing but untrue. Not lost anything on RRR. Only ever made money on RRR. It is about trading and timing.
I am down on some of the buys but that is not the same as losing and I anticipate being well in profit shortly.
See you on the other side Kimi.
DYOR
Hopefully it'll offset the serious wedge you've lost in Red Rock.
Kimi, I will bear your analysis in mind when I bank some serious wedge off ALR.
DYOR
"The reason for the ALR huge upside is that it is starting from such a low valuation."
I'm sure people said that about RRR over its long 17 year tenure as a listed company. Started from such a low valuation, still is such a low valuation. AB is a dud.
And as if by magic...
https://twitter.com/humenm/status/1550090393991127043?s=20&t=KOypJkhOSygWDhh2bHa3yg
If you have lithium assets, you have value.
DYOR
Where are you getting $16 million in cash? I see an Aug 2021 financial statement showing $7 million
IMO the opinion on AB's management skill will dramatically increase if there are achievements from Congo
Summit (gold project in Colorado) was a disaster which had a negative impact on Friedland's management yet he bounced back after that and the rest, as they say, is history
The debate concerning RRR's other projects just goes to show how materially undervalued the company is at sub £7m m/cap
If all goes to plan the re-rate of Red Rock could be as dramatic as it was back in 2010 when the share price moved from under 1.5p to 14p in reasonably quick time.
Surely an update re the Congo compensation situation is reasonably imminent - that could be the catalyst.
https://www.dw.com/en/china-firms-lithium-zimbabwe/a-62429401
https://www.forbes.com/sites/gloriaharaito/2022/05/30/chinese-mining-billionaire-to-invest-300-million-in-zimbabwe-lithium-project/
There is a fair chance that ALR will get flipped before it makes it to an IPO.
DYOR
JM drops hairy spherical ones on a regular basis. He was an early investor in Helium One which was a right horlicks until they did a pre-IPO CLN and then reversed into Attis. It didn't help that JM and other big hitters were in there.
Bradda Head might be in the US and be a "safer" jurisdiction but the regulatory demands are much more difficult than Zimbabwe. Regardless of what you think of Zimbabwe, there has been a lot of recent corporate activity for lithium in Zimbabwe.
The intention is not that ALR will be an RRR company. RRR is merely helping put the portfolio together. It will in due course have its own board and hopefully a separate listing. RRR will be below 50% and not have control.
DYOR
How so and do you think the dog minds?
Usual misunderstanding with these things: Bradda Head is valued at £29mil ish and RRR's ALR holding is valued at nil ish. Which would you rather than buy Bradda Head with some upside if it spends a lot of money or ALR with a huge upside if it spends some money. The reason for the ALR huge upside is that it is starting from such a low valuation.
Interested in why you think Bradda Head is better.
DYOR
You're comparing fillet steak to a bowl of dog food.
Plus Bradda's projects are in Nevada and Arizona.
I hold shares in both companies (more than 10:1 BHL to RRR) but it's a joke to compare Bradda to a Bell special.
Maybe worth considering that Bradda Head does have c. $16m in cash and highly experienced and competent directors and other backers including Jim Mellon who hold a c.20% of the company. Whereas RRR has A Bell who is highly experienced in blagging and dilution.
great points. then why did RRR sell 10% for US$100,000?
The Bradda Head number was as "high as" whereas ALR was "an average".
Hard rock lithium is better than clay or brine. Spodumene is better than lepidolite.
Zimbabwe is a known lithium province with all the back up services required. ZID is pro-lithium development.
RRR has indicated it has multiple licences in train.
Obviously I am biased. I was offered Bradda Head in the pre-IPO and said no.
ALR will be worth serious money.
DYOR
correct RRR did disclose isolated sample results which RRR discribed as their result being 1.43 Li2o
whereas ALR had results as high as 2.49% li20
what RRR has is very encouraging but IMO to say that is better than BHL is premature. but even if it ends up 1/2 as good that still means 15M market cap to RRR just from Litium
I am long with a personally significant investment in RRR so I do hope you are right. This was not on personal list to keep track of for my RRR investment so thank you for bringing it to my attention and sharing this information
You need to read the RNSs. There is no CPR but RRR has disclosed results. Listen to relevant PR.
I own some of ALR.
DYOR