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As i said last week , dilution ahoy... so ******* issues a ' keep the lights on' dilution at , no ones looking oclick, he really is a nasty piece of work.. just the one and a quarter BILLION shares now.. heres a good one, if you invested 100 k in rrr 10 years ago, you would have 900 quid left..
If AB actually leaves DRC with any money then it will buck the trend of the last ten years.
The phrase is hope rather than expectation.
Agree this could be undervalued but just no faith in AB.
Hope I'm wrong for those invested
It could be with the other funds in Cyprus of course.
I am not surprised. IMO RRR shares will not react until money is in the bank As noted by so many bashers here AB lacks credibility
look to the future for profits not the past where losses are
risk v reward is very high here
A couple of decent sized buys this morning but expected to see more given the amount of funds that could be incoming from DRC court decisions and that AB is in country to collect
Yes everyone should listen to the interview immediately. AB has a really good feeling about people looking at Barry's wall charts.
Comedy show.
MrMagic is still around ?
yawn same old bashing time will tell hero or zero for AB with his public video with comment of expectations of "visible signs of sucess"
Do you hear the whistle blowing?
Well Bell has a potential $12m to pursue which is rightfully RRR's, he has gone to Zambia specifically to get the cash, he seems confident.
A more popular company the share price would be surging away, current m/cap £5m, potentially collecting a sum in the range of £5m to £8m - however this is Red Rock and Rhino skinned Andrew Bell we have to account for.
Not long to wait to see how he gets on, by mid next week will it be hero or zero ?
Pffft, more like ‘the stable door was left open and the horse has bolted’
Don’t forget, AB delivers NOTHING to shareholders and never has. He seems to do quite well though, how about that?!
Everyone should listen to this.
AB expects "visible signs of success" from this trip referring to the collection of the initial amounts of money, so my take is a news announcement in3-10 days, to allow for the stated discussions/negotiations/ give & take etc-- agreements to drafted, reviewed and signed then finally funds send AND received
IMO the whistle has sounded and the train will be leaving the station
Should have stated new interview today
https://twitter.com/i/broadcasts/1DXxyDpAMjPJM
So Bell has gone to the Congo to collect the money owed and he expects to get it.
https://twitter.com/RRR_RedRock/status/1534171940688220161?s=20&t=61moR_C0JGRlmm3sL--qSQ
Well he is in DRC at the moment.. but who knows? Three separate issues; the damages against VUP, the settlement with Gecamines/VUP and the claim against Big G. The first two could be relatively quick but the last one will take longer.
These things always take longer than we would like.
DYOR
When are we going to get money in the bank from these Court awards? We cannot have much left in our bank account.
Metals prices matter a lot. Good/high prices mean that the IRR on projects makes them fundable with bank debt. Listen to the interview with the guy from Altius I posted the other day. He was saying that at $4.00 a pound for copper new mines did not make economic sense and that the copper price needed to be $8.00 a pound.
High prices for metals means that partners will come looking for JVs and predators will look to buy out companies. Look at what happened with Big G and Musonoi or Nzurri Copper and Kalongwe.
Lastly, it makes a difference to our potential claim against Big G. Our potential loss is one figure at $4.00 a pound and a different one at $8.00 a pound. Potential as in we haven't made it yet but before people start hyper ventilating.
At $4,000 a tonne not much is happening with copper but at $20k a tonne, now you are talking. $20,000 is where the Altius guy reckons it is going.
400,000 tonnes of copper at $20,000 x 50.1% is a big number. That sort of number is the starting point for working out what the potential claim might be. It doesn't mean that is what the claim will end up being or that we will get it but you have to start the calculations somewhere.
DYOR
https://twitter.com/JunoMinerals/status/1534072313632595968?t=zSHpAxRq--SJ_ZwoZ7r7Sg&s=19
"Helpful" still posting metal prices as if it has any bearing on anything. May as well comment on the price of cocoa futures too - at least RRR is positively correlated to that commodity
I waiting too. AB creates a short term expectation for positive news and then disappoints. As opposed to just putting a time frame than can be achieved and sometimes happen faster. I bought thinking 2-3 years then AB goes off and does videos leading everyone to believe it will happen faster
not much of wait for higher copper prices LOL
You're going to have a long wait.
TDT
https://youtu.be/t6CYKpobPQY
Copper going a lot higher.
DYOR
well I'm IN. I'd like a cleaner inviroment. prehaps the dawn of a new age. some say the darkest point of the night is just before the begining of the dawn.
I say here comes the sun .let us enjoy the change as soon as we can.