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My expectations are high they Bell is considering or doing a placing….
https://graphics.wsj.com/table/DoingBusiness
Above is a link to the wall street journal to a list of best and worst countries to do business in. They call it "ease of doing business ranking". They list 190 countries.
Number 1 is the best country and 190 is the worst.
Here is some of Red Rock's countries that they have an interest in.
DRC is ranked 182
ZIMBABWE is ranked 159
BENIN (elephant oil) is ranked 151
IVORY COAST is ranked 139
KENYA is ranked 80
COLOMBIA is ranked 59
AUSTRALIA is ranked 14
LT it is called doing some research and posting it.
I recommend it.
DYOR
Who said it was worth $350mil? Two licences are nearby and are prospective for lithium with samples already assayed.
I posted research: that someone is willing to pay decent money for lithium assets in Zimbabwe is relevant.
DYOR
So to be clear, we are now pretending to care about lithium suddenly and post links about that whilst casually over the next few months slowly forgetting about the likes of RRAL (12 months late), DRC (will slowly fade into irrelevance), Kenya (10 years of insignificance), elephant oil (likely also fades into obscurity) and the list goes on. Same old rinse and repeat. The structure of how this is set up makes AGMs irrelevant. The ‘you can buy the whole company if you’re not happy’ remarks would do what? Uncover the ugly reality likely.
Helpful
It's sunny side up and optimistic. I used to think AB was Fagin but Wilkins McCawber was the the literary optimist so maybe he's a cross ?
Reminds me of the lottery you could make it good for 25k but the chances are slim of that $370m. Most on here have too many losing tickets, until one of his many irons deliver at scale and materially most on here will be skeptical.
The Prospect project is near Arcturus. We have a granted license to just to the NE and one in the process to the West.
"A new 125 ha application near Arcturus, a mining site 32km E of Harare in Zimbabwe has been approved for grant with a further application nearby in process"
It is called being factual.
DYOR
RRR invests $25,000 in Lithium in Zimbabwe and mentions a working interest sold for $389m late last year. All sounds rather over played with a hint of desperation.
https://www.prospectresources.com.au/sites/default/files/asx-announcements/61070453.pdf
https://www.marketscreener.com/quote/stock/PROSPECT-RESOURCES-LIMITE-64307655/news/Prospect-Resources-Quarterly-Activities-and-Cashflow-Report-December-2021-37665561/
Executed binding agreements for the sale of Arcadia to Zhejiang Huayou Cobalt Co., Limited (Huayou Cobalt) for US$377.8M:
Completion of transaction is subject to Prospect shareholder approval, relevant Chinese and Zimbabwean regulatory approvals and other conditions precedent
Subsequent to the quarter end, Prospect has made progress on the conditions precedent (see update below).
Expected completion of transaction late Q1 / early Q2 2022
DYOR
https://www.prospectresources.com.au/projects/arcadia-lithium-project/location-infrastructure
https://twitter.com/RRR_RedRock/status/1509861689294000128?s=20&t=PB3VbPeLxT0a_9Y0eTcegg
Helpful, at today RRR agm what was the voting percentage in favour of disapplying the pre-emption rights?
but because it is he who spins the plates at Red Rock. Without him, I sense some plates would crash. With him, enough may land in the right way to create enough value to chip in to the Goat Farm retirement fund"
Quite.
Article today from sh***phro***ts:
"The RNS merely says that all resolutions at today’s Red Rock Resources (RRR) AGM were passed. But given the speculation that CEO Andrew Bell might be given the order of the boot given the **** poor share price performance of late, Mr Bell – or his Nomad Roland ”Fatty” Cornish are being unduly, and uncharacteristically, modest in not giving the actual results. Luckily, I can assist…
The vote was initially on a show of hands, but lest that be seen as an imitation of a Vladamir Putin cabinet meeting there was also a count of the proxies. On the show of hands the score was:
For Bell 100%
Against Bell 0%
Abstentions 0%
I hereby declare that Mr Andrew Ronald McMillan Bell has been duly re-elected as the honourable member for Red Rock.
The proxy vote was more tightly contested with Bell securing just over 96% of the votes cast with a little under 4% against. However, it should be noted that two large blocks of shares voted for Bell but, being incompetent poltroons, missed the deadline and that had those votes been counted the number would have bee >98% for Bell and sub 2% against.
Given the massive Bulletin Board chatter about Bell being given the order of the boot, the result might surprise some folks but Bell tells me: “Because half a dozen grasshoppers under a fern make the field ring with their importunate chink, whilst thousands of great cattle, reposed beneath the shadow of the British oak, chew the cud and are silent, pray do not imagine that those who make the noise are the only inhabitants of the field.”
That, by the way, is not a quote from Mr Eric Cantona but from the great Conservative thinker Edmund Burke.
In reality, turnout at AGMs is almost always low. It would have cost me £40 to cast my votes so I, for what it is worth, did not lodge a proxy. And had I done so I would have voted to keep Bell not because he is my friend but because it is he who spins the plates at Red Rock. Without him, I sense some plates would crash. With him, enough may land in the right way to create enough value to chip in to the Goat Farm retirement fund"
Is progressing. See https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=15686155&View=html
Looks like your fantasy of Bell being sacked at the AGM has just been shattered TheeDuke.
Let's face it Bell is RRR and RRR is Bell, the two will always be inseparable.
This one will had significant value to RRR. Early stage lith projects going for $500min-$1bil within a few years of development.
Quite a few bags from a £5mil mcap.
Anything at 1% of over is a fantastic result. Let alone 2%. This will add significant value to the company from this point onwards.
Test results are excellent.
Each RRR asset is like a spinning plate. When one smashes you replace it with another spinning plate.
Of course nothing really happens to the costly spinning plates until they smash.
Wow, this is a huge new venture. The location is fantastic too and the grades look very good.
Lith is hot.
Wasn't there a poster on a few weeks ago saying he didn't like the stock, but had just bought 15M shares anyway.
Could be them dumping.
Btw, interesting move into Lithium just announced.