Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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White fox is a subsidiary holding company of what is now Greenroc Resources and was Alba minerals must stress those who aren’t familiar with the two it was a spin out company with some board members remaining on both some going over to greenroc but whilst technically separate are still quite intertwined. Any questions let me know I’m an alba/groc holder
GREENLAND MINERAL AUTHORITY
Official Greenland Govt site listing licences, owners etc.
MELVILLE BUGT IRON ORE
Licence No: " M E L 2 0 1 7 - 4 1"
Licence: " A C T I V E"
OWNER: "WHITE FOX LTD."
COMPANIES HOUSE UK GOV.
https://find-and-update-company-information.service.govt.uk/company/09505250/filing-list
STATUS: "ACTIVE"
DIRECTOR : "VOLPE FERDINANDO"
Country : "ITALY"
ALBA MINERALS: MELVILLE BAY IRON ORE
Licence No: "MEL 2017-41."
---
Note: When it says "active" in the Greenland Minerals govt site it means it is NOT up for renewal nor a LAPSED LICENCE BUT CURRENT. The No Licence MEL 2017-14 means it was applied for in 2017 as I had to go back many pages as they go by YEAR.
Companies House UK Govt also states: "ACTIVE" for White Fox Ltd.
The address for the only 1 director as said is an Italian address.
HOWEVER, THE SAME LICENCE NO BELONGS TO ALBA MINERALS 51% JV.
Now, Alba has spun it out to GREENROC, A NEW AIM LISTED CO.
Who is Volpe Ferdinando and why does he own the MEL 2017-41 licence?
Where is International Media Group who was said to have bought the Greenland Melville Bugt MEL 2017-41 from RRR for US$17.75 Million but was deferred?
This is from a EDISON RESEARCH BROKER NOTE IE GREENLAND RRR SOLD FOR US$17.75 MILLION BUT DEFERRED.
Have to ask RRR if anyone is in touch. ALWAYS HAVE TO CHECK WITH RRR TO MAKE SURE.
Sat, 7 May 2022.
In answer to Greenland sold for £1?
According to Edison broker note, it was sold for US$ 1 7 . 7 5 million.
However, the sale was deferred. From other places, it was said that the co buying it was International Media group, a private co.
I was NOT here at the time of this asset but I note that in the RRR INTERIMS OF 29 APR 2022 there was a entry for Greenland for some £69,000.
RESEARCH AS TO WHERE MELVILLE BUGT IS CURRENTLY.
It is SITTING in the assets of ALBA MINERALS. They took it out of Alba Minerals via a Companies House check and put it into GREEN ROC, a spun out AIM listed co with Greenland assets including Thule Sands, MELVILLE BAY ,GREENLAND IRON ORE etc.
Alba Minerals [now spun out from Alba into Greenroc] has 51% in the JV:
"MEL 2017-41 JORC 67 million tonnes at 31.4% done by previous owner in 2011 over the HAVIK prospect. THE OTHER L I C E N C E STAKE HOLDER IS A PRIVATE MINERAL RESOURCE INVESTMENT GROUP."
How did I find out? I checked Melville Bugt, Greenland and saw Alba Minerals but did not check it initially. Then, I looked into Meville Bugt iron ore and saw the map included HAVIK prospect.
The clue was in the LICENCE NO: MEL 2017-41 for Meville Bugt.
Same as what Alba/Greenroc has ie MEL2017-41.
I then went to the GREENLAND AUTHORITY MINES SITE TO CHECK OWNERS, LICENCE NO'S AND FOUND THAT MEL 2017-41 IS " A C T I V E " AND THE OWNER IS
"WHITE FOX LTD, Co No 10818472."
I also checked International Media Group, the private co that owns the other 49%.
GREENLAND MARY RIVER
There is a world class project at Mary River mentioned in the past by RRR and Alba which is a 350Mt 65% iron ore DSO project. DSO stands for Direct Shipping Ore.
No mention of RRR's Greenland sold for £1 by Robin or another poster?
The other poster posted in recent days about Greenland ie the money is in a FROZEN CYPRUS BANK.
MYSTERY
There is the GREENLAND entry in the latest RRR INTERIMS of 29.4.22 so at some stage, there needs to be someone who knows to clarify. If the asset was again .....then I am sure
it has to be litigation somewhere in the mix as norm?
News, Sat 7 May 2022.
Helpful think the Greenland asset sold for £1. Good deal.
PROSPECT, ASX
After selling Acadia lithium, Zimbabwe to Hoyou for US$422 Million, they have gone on to another project.
https://www.herald.co.zw/prospects-step-aside-project-on-course/
"STEP ASIDE PROSPECT, ZIMBABWE: 4 more MINERALISED PEGMATITES C O N F I R M E D
BY HISTORICAL STREAM AND SOIL SAMPLE,
GEOCHEM RESULTS.
ROCK CHIP SAMPLING UNDERWAY, TRENCHING & DRILLING."
Drilling 3rd Qtr, 2022.
100 hectares.
STEP ASIDE [PROSPECT NEW ZIMBABWE LITHIUM PROJECT AFTER SELLING ACADIA]:
====8KM N O R T H OF A C A D I A lithium. ==HARARE greenstone belt===
15m thickness, ===3.5 KM ALONG STRIKE.===
---
Comment:
Mr Bell said earlier that ASSAY RESULTS will be released once licences have been granted. So, looking forward to what the assays show FOR THE ACTURSUS LICENCE near Acadia [nr Acadia was mentioned in earlier info].
====HOW MANY PEGMATITES ?====
RRR TO SELL ZIMBABWE LITHIUM LICENCES?
Well, the tweet yesterday said; "ASSIGNED VALUE OF $1M."
So, say that take off US$100,000 for 10% sold to American high net worth investors leaves $900,000 = £ 7 3 1, 000 [FX £1=US$1.23].
================SO, PROFIT £731,000 MINUS APPLICATION FEES ETC=========SAY NET £ £650,000 TO £700,000?====
So, to sell or not sell ?
If there are SEVERAL PEGMATITES AND A SIGNIFICANT RESOURCE AT GOOD GRADES, THEN
MAYBE DERIVE VALUE OR SELL IS UP TO RRR.
When the Americans bought into RRR's new subsidiary with 2 said licences, there would have to be a VALUATION REPORT done by an investment bank to see before parting with money. HEREIN, THERE IS =============PRICE DISCOVERY===============
Hence, why Paul Johnson did PRICE DISCOVERY OR VALUE METRICS FOR ALL RRR'S ASSETS in the past when he was an investor in RRR.
That is what I am trying to do for myself and posting my info as Paul Johnson posting figures but no one knows how he got those figures as he did not explain.
RRR is an investment vehicle and hence it is the CURRENT ASSETS that are of interest as they have to be VALUED as best as one can at any single time. It is not like some exploration co's where they have only 1 project eg CGNR in Ireland.
Sat, 7 May 2022.
RRR tweeted:
"It is great that this transaction we are already able to ASSIGN A V ALU E of
$1 MILLION on to our Zimbabwe lithium subsidiary. This infant will grow we hope."
22 hrs ago, Sat 7 May 2022. [Zimbabwe RNS, Fri, 6 May 2022].
LoL- how did RRR get $1m assigned value? Well, the totality of the ZIM LITHIUM must have got grossed up and RRR's 75% has assigned value of $1m?
Presumably, it is US$ 1 m as all commodities are priced in US$.
Who priced it? Obviously, American High Net Worth investors wont fork out US$100,000 without documentation and from the minimum a investment bank of note 's valuation assessment.
Not bad-so its true what the Zim Indy said that these licence [new] holders are chasing profit [massive]?
Thanks Helpful. I will look at your link re: RRR El Limon.
I note that very few people liked and re-tweeted RRR's tweet so it shows no one is interested in RRR until may one day, something or nothing could drop or not.
News, Sat 7 May 2022. DYOR.
https://www.newswire.ca/news-releases/soma-gold-releases-2021-results-825679225.html
at ====US$ 1 . 1 6 5 BILLION====.
So, NOW WORTH MUCH MORE GIVEN IT IS SO MANY TIMES BIGGER.
From a recent article from Australia about LOCAL BILLIONAIRES GETTING INTO MAGNETITE iron ore projects, they mentioned Gina Rinehart and this is in relations with MT BEVAN.
It was said in the article, that RIO COULD OFFER A$10 per tonne for a project over a boundary.
TODAY, A$10 PER TONNE = £ 5 . 6 8 PER TONNE [FX £1=A$1.76].
Edison said US$3.50 per tonne = £2.84 [FX £1=US$1.23]
The same article said that THE INTEREST IS DUE TO IRON ORE AT US$ 1 5 0 PER TONNE.
SINO [CHINESE] HAS JUST ANNOUNCED US$1.3 BILLION PROFIT FROM THEIR IRON ORE MINE so the interest is getting even hotter.
MT IDA VS GINA 'S ROY HILL, W.AUSTRALIA IRON ORE.
Mt Ida is 1.85bn tonnes although in Stockbox Media Interview recently, Mr Bell said the longer term exploration target is 2-3 billion tonnes. Gina's Roy Hill [largest exporter of iron ore] has a resource of 2.4 Billion tonnes.
=========EDISON'S FIGURE AT US$1.165 BILLION TONNES AT MT IDA [1.1-1.3 bt tonnes only then] AT US$3.50 PER TONNE IS THE ===BUYOUT PRICE====.
Iron Ore is US$150 per tonne and any buyer in industry pays an average of A$10 per tonne now vs US$3.50 per tonne during Edison's note on RRR.
==============SO, LETS SEE IF MR BELL CAN PERSUADE JUNO TO SELL MT IDA
RATHER THAN MINE NOW THAT THE INDUSTRY HAS RENEWED INTEREST IN IRON ORE MAGNETITE [MD said renewed interest in Mar 2022 interims of Juno -this is due to Gina and Mt Bevan].
=======CAN SNIFF AT US$1.165 BILLION========
SO, OVER TO MR BELL AND WHAT HE COULD DO OR CAN MANAGE ----SO DONT JUDGE ON X , Y, Z BUT RATHER THE ASSETS ON HAND AND WHAT A C T I O N IS TAKEN?
WATCH FOR RRR RNS OR NOT-that is now the question?
I CANT GUARANTEE ANYTHING as research alone will NOT extract value - it depends on what can or cant be done and OVER WHAT TIME FRAME.
DYOR.
News, Sat 7 May 2022.
Nothing much more to say really. So, that's it.
The Greenland asset went some time ago and it is now owned by Groc.
There are no US investors; the $100k was me and two mates. Hopefully, it will do a couple more rounds and then list or we sell it. The acreage is highly prospective. We should know more soon.
The biggest issue is Zimbabwe but if you want lithium in Africa the main play is Zimbabwe. AB has said we might get some Lithium assets in DRC but who knows?
DYOR
On another forum [RRR], one poster said that Mr Bell said that RRR will be his swansong when he retires.
CO HOUSE
It stated that Mr Bell is 67 years old on Feb 2022. So, Mr Bell has reached retirement age and it is up to him when he wants to retire.
Prior to his retirement, one hopes that he will REALISE VALUE from all the exploration assets on the books including Greenland which still appears in the interims RNS of 29 Apr 2022 [small note of £69,000 from recall and this may be for licence fee but I am not privy].
REALISE VALUE
Some can be reaslised earlier and some not so given that it takes time before commodity prices are attractive enough for co's to come in etc and they have their own cycles.
CGNR - loads of murmurings but when gold price was not condusive, no one wanted to JV etc especially in Ireland where the AISC will be more akin to Tier 1 jurisdictions. It takes 16 yrs for a mine to come into existence as industry norm. Now, with gold at US$1,850+, a JV partner has come in by way of a Turkish Fortune 500 co. I did know as co's were last interested when the gold price was high and not before. So, some things are out of the hands of the co but rather depends on the commodity price and when investment money comes in.
JUDGE ON WHAT IS GOING TO HAPPEN
Mr Bell has mentioned on 29 Apr 2022 in an interview with Proactive what is going on with some of the projects example CONGO MUSONOI, LITIGATION, OFFER FOR THE CO etc.
Mr Bell is going to the Congo to settle the US$5m +US$15m re: Musonoi by way of cash or "EQUAL LICENCES /SPLIT PROPERTIES" [50.1% to RRR/JV]. He also mentioned" FIT FOR US$250 MILLION LITIGATION OUTSIDE CONGO."
Mr Bell also said: "OFFER FOR OUR ASSETS." He did not mention what asset but from looking back at older financial Annual Reports, Interims, it would appear that the CHINESE were going to JV/BUY KENYA MIGORI from RRR but the Covid rules stopped them. Not sure if this is the asset ?
13 TOTAL TRADES IN RRR ON FRI, 6 MAY 2022 ON DAY OF ZIMBABWE LITHIUM
So, obviously, NO ONE IS INTERESTED IN BUYING.
This is the case as Paul Johnson said when it comes to co's wherein investors chase when a share price goes up and not before. So, methodology is CHASE prices and then ....?
IS MR BELL ABLE TO REALISE VALUE FROM RRR 'S PORTFOLIO?
One has to wait to see what happens when Mr Bell returns from the CONGO, DRC.
Then, comes the rest of the portfolio.
MT IDA
I am hoping that Mr Bell will help the Juno big cheese see that getting Mt Ida up into a mine will take time and a/c to their Mar interims, it will be only once Mt Mason comes in steady.
Mt Ida is said by the MD, Juno to be the "MOST ADVANCED" and biggest in the Yilgarn.
Gina Rinehart is interested in Mt Bevan, next door to Juno's Mt Mason. Mt Bevan has 2 projects and one is ALSO A MAGNETITE iron ore project at 1.1bn tonnes vs Mt Ida [Juno 100%] at 1.85bn tonnes.
Edison put a value of US$3.5 per tonne for Mt IDA at 1.1-1.3bn tonn
Part 3:
RED ROCK RESOURCES
At 0.4p mark, MKT CAP £4.2-4.4 million, it appears to be SHELL MKT CAP.
So, I paying the SAME PRICE AS EVERYONE ELSE.
I dont tend to plunge in as experience shows its never wise.
RRR came to my notice as RRR said it was getting 2 licences NEAR BIKITA and near ACADIA.
I am trying to locate Acadia to RRR's new licence but I cant at the moment as there has been no LOCATION MAP SHOWN. How close I dont know yet.
As I said, another AIM co has got in at 51% near Bikita but one has to pay £15m mkt cap.
So, RRR getting 75% less 10% to American High Net Worth investors @U$100k seems
a better proposition to me. So, to me, the REST is free and hence I have to see what RRR has and what they are doing with those resources.
SIMPLE QUESTION
Anyone in RRR should ask - LATEST INTERIMS show EXPLORATION ASSETS of some £13m/£17m [split etc but not minus liab] - WHAT DO THESE EXPLORATION ASSETS CONSISTS OF?
WHERE ARE THEY? HOW MUCH IS THE ALLOCATION ON THE BOOKS AND WHEN WAS THE LAST R E - V A L U A T I O N ? Has any IMPAIRMENTS been taken into account?
Andrew Bell mentioned CONGO is on the books for £590,000 region so OBVIOUSLY impairment has been taken done given the settlement is US$5m and US$15m [50.1% to RRR] and then "FIT FOR US$250 MILLION LITIGATION OUTSIDE CONGO." [Interview with Bell by Proactive on 29.4.22 after interim RNS].
Greenland is seen on the books at some £69,000 spend. One should ask WHAT IS IT FOR?
Doesnt sound too much nor too little so is it for the GREENLAND MINERAL AUTHORITY FEE PER YEAR? Again, no one is asking or where is the asset at etc etc?
HISTORY OF RRR
Yesterday, RRR had X, Y, Z - I was not here. I didnt become a millionaire like Paul Johnson who cut the co down to all the assets. I have seen his historical posts on RRR as one poster on the other RRR forum gave me the link. Paul BREAKS DOWN THE ASSETS TO £ X.
However, he does not post INFO ON THE ASSETS and CHECKS FROM DIFFERENT SOURCES TO SEE IF THEY ALL CONCUR . Paul is an ACCOUNTANT and his last job was RISK ADJUSTOR for an insurance co so he cant certainly CUT EVERYTHING DOWN TO £X. However, if I was there then, I would ask how do you GET THESE £x, £y? I tend to SUPPORT my figures from DIFFERENT SOURCES to try to make sure that vary to only a small variance.
Paul Johnson made his fortune at RRR when it went up from 1p to 20p and First Equity note said that Jupiter etc was the reason.
Today, RRR's MKT CAP IS £4.2-4.3 MILLION and it has SUITE OF ASSETS/EXPLORATION and ONLY THIS WILL COUNT IF THEY ARE BROKEN UP. JV'ed, SOLD or develop as norm.
THESE ARE THE QUESTIONS I HAVE BUT UNLESS I KNOW WHAT THE STATUS IS ON A LL the EXPLORATION ASSETS ETC, ONE CANT TELL.
PROOF? ONE HAS TO WAIT TO SEE WHAT IS GOING TO BE DONE TO THESE ASSETS /EXP AND OVER WHAT TIME FRAME?
BASIC QUESTIONS AND RESEARCH EVERYONE SHOULD BE DOING FOR SELF.
Other wise , investing is akin to a CASINO as BUFFETT recently said it has t
HawaiiFiveO said he saw a stream of my info on XTR at 1p BEFORE drilling started.
Once I finish research , I wait for the DRILLING RESULTS. Then, I EVALUATE again as to the results vs outcome to come.
XTR is under another CEO. If I post as a day job, it is NOT paying and I cant waste my time.
Better to GET info from the co instead of trying to look everyway. Then, the co pays for the article and it gets posted on Twitter. Those articles are NOT very in-depth. Of more indepth
nature will be those from Align but I do not know if they get paid and by whom.
Edison did do broker notes on RRR but in recent years, NONE as Mt Ida has already been covered but NO ONE HAS UPDATED that situ. I have done it but locating more info and up-to-date.
I have been a long time on the London South East but I do not post on many forums as I have little interest in smaller finds etc unless they are potentially Tier 1 IF it can be managed.
ADVANTAGEOUS FOR MORE PEOPLE TO KNOW:
The more known of the resource assets the better. Then, everyone will have more
edge and can ASK more informed Questions if the opportunity presents at Presentation Q & A's.
I am an RC and maybe I see life as a community or taught it is a community.
I have quite a bit more research that I have done last night on Zimbabwe lithium and Greenland. I get eye-strain and hence typos etc. I cant check everything and by posting, I am hoping that LONG-TIME investors can contribute by filling us in on say GREENLAND. I found where that asset of RRR's is.
I trust this explains matters.
No, it is MORE PAYING to SET UP A CO to do research and CHARGE. Co's like KATUSA RESEARCH, NATIONAL INVESTOR etc CHARGE. I know National Investor 's pieces are NOT free as they are via subscribers. These are Canadian. As is PROOF, NONE OF THEM POST ON ANY FORUM FOR FREE. Willem Middlekoop, DISCOVERY FUND - one has to invest in his fund and he does the research, visit etc but NO FREE WORK or POSTING ON FORUMS. They earn a very big income and they will have to EAT PLAIN BREAD AND LIVE NO WHERE TO POST ON FORUMS FOR F R E E .
I squeeze everything in and work late into the night in the past.
Reason? I am trying to FIND THE NEXT TIER 1. VERY DIFFICULT - so have to sometimes set my sights on Tier 2. Getting harder as discoveries are getting smaller or not so many.
ERIC SPROTT made his money from such research. YES, trying to find a Tier 1-read his bio as its free to read.
I cannot GUARANTEE ANYTHING. I post UNBIASED RESEARCH and good or not so good is up to any investor. I post the research and evaluate later by thinking it over carefully.
Most of all, is to see IF VALUE CAN BE REALISED.
So, anyone investing and not doing research is running a risk. One person lokst everything in DEBS --easy to do STORE research. Visit it every day and see trafffic.
See where people are spending their money ie online, shops etc? LAST TO KNOW will be risky. However, people dont do as muc
Banburyboy
As to the question posed to me I will answer it this way:
[1] Many co's on AIM are UN-RESEARCHED and this is a well known fact. What is the reason?
It costs money. So, the other way to get some research is to be a CLIENT of say SP Angel, Hannan etc. Not everyone can become a client of these Tier 1 brokers and therefore
research is not going to be forthcoming on the co's they COVER.
Private investors do hardly any pure research of the type that REPLICATES a note that will tell one:
[] What is the asset?
[]Where is the asset? Tier 1 jurisdiction or not? One has to check RISK profile of that country by looking at whether there are international tribunal litigation against it and how many.
[] Easy of doing business is obvious and whether the CURRENT govt is MINING friendly and if any CHANGES, then got to know quickly or its going to be a disaster. Example? Mexico has nationalised lithium and are reviewing SONORA lithium. Last to know had it.
[] Is the resource something HOT and everyone is chasing it?
[]Demand -Supply : which was is it heading? Can new supply come on and when?
[] If the resource is big, how big - is it a TIER 1 near infrastructure etc as it affects cost.
[]Most important is HOW MUCH IS THE GOING RATE shown by latest Mergers & Acquisitions.
[] Is it the largest Tier 1? A JUNIOR EXPLORER FINDING A TIER 1 IS THE MOST
REWARDING in terms of share price as it will reflect the underlying resource.
Examples of historical only? - Solgold at Cascabel , Greatland Gold at Havieron.
Solgold went from £8m mkt cap to £800m at one point but has come down a bit.
Greatland Gold , a bit of a higher mkt cap at £15m region to £1bn+ at one stage.
No one is going to do the research for one so one has to do research of the type that is needed or just jump in blind.
So, that answers your question. THE TEMPLATE IS COMMON KNOWLEDGE as to what has to be uncovered. Why? CAN IT BE SOLD, JV'ED, PARTLY DIVESTED AND SOLD eg Ivanhoe sold 40-50% of Kamoa-Kakula to Zinjin at US$400m [Robert Friedland fame].
Your question is well posed and I am not sure what you mean by "posting part of your role in a day job?" There can be 2 meanings to the Q. So, for the AVOIDANCE OF DOUBT, NO - NO ONE POSTS IN A DAY JOB. Why?
[] City firms DO not cover research for AIM co' and definately not RRR at £4.2m. These are called TIDDLERS and shell like mkt caps.
[] City firms have research depts and it COSTS money to hire staff so they are NOT going to do charity as said and the regulation does not allow them to give it to p's UNLESS THE FIRM PAYS FOR IT by commissioning it.
[] City jobs in this line are pretty well paying [under-statement]. CITY FIRMS DO NOW CARE WHETHER THE PRIVATE INVESTOR KNOWS OR DOESNT KNOW as they cant survive on charity ie do FREE RESEARCH.
Why am I here?
I LOOK FOR SHELL LIKE MKT CAPS and see if they have TIER 1 POTENTIALLY.
As I get information from research bit by bit, I post for everyone .Proof? Hawa
News
Your posting is very prolific and appears like almost an information link to lots of other sources. Do you mind me asking is the posting part of your role in a paid job. I've been on LSE a longtime and not come across this type of posting
The other AIM co that got into Zimbabwe lithium only got 51% near Bikita.
Their mkt cap is around £15m vs RRR at some £4.2m mark.
So, one has to buy into a £15m cap just to get a Zimbabwe lithium project at 51% only with commitments at 1 LICENCE AREA ONLY. This other AIM co could NOT get American or Chinese investors etc to buy into their project.
At RRR, Bell managed to get 75% and 2 LICENCE AREAS ie near Bikita and near Arcturus which is where Acadia is at 38km East of Harare and near Arcuturus gold mine. At RRR, American high net worth investors bought in 10% of the Zimbabwe RRR subsidiary and paid US$100,000 - RRR is using it as capital for their Zim subsidiary.
Wonder if Bell could tell us what the Americans saw in the 2nd licence area?
News, 6 May 2022. [Fri] @8:10
RNS:
Had time to just read the 2nd time.
Missed out on : RRR IS APPLYING FOR MORE LICENCES IN ZIMBABWE: "A D D I T I O N A L APPLICATIONS WITHIN AND OUTSIDE THE REGISTERED AREAS OF INTEREST."
YES, CONFIRMED that LICENCE [1] IS NEAR B I K I T A and the OTHER NEAR ARCTURUS.
As said , ACADIA LITHIUM DEPOSIT sold to the Chinese for US$422 is 38km East of HARARE and near ARCTURUS gold mine.
The RNS of today also says that the AMERICAN HIGH NET WORTH INVESTORS US$100,000 for a 10% stake WILL BE USED in the ALS Zimbabwe lithium subsidiary of RRR [RRR has 75% of the subsidiary]. --------------AS BELL SAID, FUNDS FOUND LoL via Americans.-----------Fri, 6 May 2022.
"Mine rework LITHIUM targets after H U G E DEALS."-Zimbabwe Independent, 2 wk ago.
[Put title into search engine to read].
"CHINESE INVESTORS HAVE POURED US$570 Million into Zimbabwe lithium mines in the last quarter of 2 0 2 1.
NEW INVESTORS have poured in EVERYTHING from Z U L U lithium in Bulawayo to ASSETS in B I K I T A & HARARE in 1 of the most AGGRESSIVE change overs."
"It is not clear if this is a strategy by small investors in Zimbabwe to BUY CHEAP ASSETS and S E L THEM OFF AT M A S S I V E PROFITS."
-----
Comment:
Said in my earlier post that they are going to BIKITA .
Found out that ACADIA [sold to Houyou for US$422m is located 38 KM FROM EAST H A R A R E and near the ARCTURUS gold mine.
Yes, the RRR RNS today, Fri, 6 May 2022 did say that 1 of the Zimbabwe licences was near Arcturus.
---------------------BELL GOT AMERICANS TO INVEST IN HIS ZIMBABWE SUBSIDARY AT 10% OUT OF 75% RRR. No one has heard that the Yankees are coming, only Chinese. So, Yankees are coming - going to be the talk of town that BELL got them. IS MR BELL GOING TO MAKE MASSIVE PROFITS AS IN THE ARTICLE? Over to Mr Bell to tell ?-----------------
News, Fri, 6 May 2022 @5:45pm Thank you Mr Bell. Out of the RRR assets got something free and dont have to buy just a pure Zimbabwe lithium play to get in.
RRR has formed a sub called AFRICAN LITHIUM RESOURCES Rvt Ltd.
2 LICENCES;
[] 46ha near ACCTURUS
[] 25ha net, East of BIKITA
HIGH NET WORTH AMERICAN INVESTORS TOOK 10% OF SUBSIDIARY FOR US$100,000.
Andrew Bell: "Zimbabwe biggest lithium producer in Africa."
He also said 2 co's have gone into Zimbabwe, one Canadian listed and the other on AIM.
--
Comment:
Mr Bell mentioned before that the 2 licences are NEAR BIKITA MINE, Zimbabwe and the other NEAR A C A D I A sold to HUAYOU for US$422 million recently.
Results are due from these 2 licences - Bell said that only when the licences are granted, the assay results will be issued to the market.
I have to check again but my understanding is that the American investors took 10% of RRR's Zimbabwe subsidiary, African Lithium Resource Rvt Ltd.
Nice and a poster on the other RRR FORUM SAID HOW DID BELL GET
THE LICENCE NEAR A C A D I A . The AIM co that has just gone into Zimbabwe is Colin Bird's co and he got a licence near BIKITA mine only.
Hoping to hear from Mr Bell shortly in an interview hopefully.
News, Fri, 6 May 2022
RNS came out at 1:33pm and I have just seen it as was out.
True the investment was in ALR. No guarantees but it looks pretty good. If you want Lithium in Africa, currently, it has to be Zimbabwe. Though I understand that there may be decent lithium prospects in DRC .....
You have misunderstood the RNS.
The £100k invested is for 10% of the Lithium project not the whole company!
It demonstrates that significant value has been added recently by the acquisition of the licences with some very big potential upside.
Same old, same old except it's no longer jam tomorrow but jam a fortnight next leap year.
TDT
£100k for 10% values the mcap at £1million, not £4.9million. they'll be quids in waaaay before pi's see any benefit.
rubbish deal... could have got £100k from PB and pi's at 3.5p.
Good news.
FYI I have taken some of ALR.
Very hopeful ALR will turn out to be right place, right time.
DYOR
https://www.zerohedge.com/markets/europe-may-lose-energy-transition-race-it-really-begins
Hi sorry I was busy all day I did try but was unable to even get lunch. Just nipped on to let you know.