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Points 8 -10 of Helpfuls 15.19 post are illuminating !
Once they get the mercurial $7.5m over the line " I expect they will want to chat to me Helpful about what the eventual claim will be"
Sounds like he's an insider advising the company.
Should not really be posting at all but has no moral compass.
I love the way he dishes Lenigas for having no self deprecation and says we need to frame Lenigas comment about illegal minors
Helpful has such an inflated view of himself not once has he conceded or reflected that he has tipped this for five years relentlessly from 1p to 0.0575p.
No self deprecation from Helpful he's absolutely unaware of how shockingly poor his advice to date has been.
Still we know now gold every f**ingredients where in FASO Helpful says so. Must be true lol
How did Mythbusters polish a turd?
Hosts Adam Savage and Jamie Hyneman used the technique to bust the myth that one "can't polish a turd." Using a glossmeter, through which a rating of 70 is considered "high gloss," they created dung dorodango spheres with gloss levels of 106 and 183 gloss units.
Gold miners have been lagging the gold price, and they might finally be catching up'' good analytical video..
thanks HP''
Robin
In any stock, it is NEVER advisable to plonk all one's money available. Why? These days, folks have a shorter span of attention. The City calls these "jumpers" as in like sheep over the fences. Hence, why folks get mad but their strategy is wrong. If they adopted a professional technique, they would NEVER have lost more than 10% Maximum. There are tons of shareholders in RRR ie private investors bar the 3 BIG HOLDERS. They dont post but they are out there from the shareholder list I saw. The naysayers are now WEAKENED by the RISING GOLD PRICE, at the all time high. Why? RRR is in a less disadvantaged position now as the gold price x 1.2moz gold in Kenya [licence being renewed] means that there is collateral to be had in RRR. Also, if RRR AUSTRALIA can be moved forward, that would help as Australian assets ie licences are always in favour as it it a Tier 1 jurisdiction. SO, RRR HAS NOW MOVED FROM RED ZONE TO ORANGE and maybe, the BLUE ZONE. So, MORALLY, THE NAYSAYERS are not just hitting out at A.B they dont like [British understatement] but rather AGAINST A L L PRIVATE INVESTORS ie Moms and Pops and usually the old. Why have a small holding in RRR? One needs some booster of not just up by 10% but rather THE DRC international tribunal win would be great but that would or could take some time due to due process as norm. DYOR. NIA. 3.4.24. Risk is present in ALL stocks. Remember Ferranti?
We don't know when you are going to tell us'' AB, and we don't rightly care, but when you do decide to tell the Market, Make sure it's good, and not just 1 news for the month it has got to be at least 3x a week to keep us in the spot light and deter sellers on the first wave, as it's about time we see growth in SP from these seriously undervalued manipulated levels..
GL
ATB
Https://x.com/SomaGoldCorp/status/1775545838586020242?s=20
DYOR
In May 2021 RRR swapped its shares in Elephant Oil limited for shares in Elephant Oil Corp with the intention of a listing and fund raise in the US in Sept 21. [ AB interview with Proactive ]
For the last few years this has featured as a promised nearly event in the accounts and chairmand statement numerous cash has been raised off the back of it.
Little or no progress just like DRC. Sorry you might not like it but thats an unfortunate fact.
Cheers News. If we have little or no money then presumably someone is propping us up. If this is the case then I just hope they continue to do so until we get some income so as to avoid a placing at current levels.
Understood. No intention meant.
Robins question. There are only 22 trades. Liquidity does not appear great for AIM stocks. A recent blog refers. But in particular, the fashion is to do posts about A.B just like other stocks for their CEO's. So, no one interested in RRR is of no moment. Why? Any stock is proven by the exit strategy. With the GOLD price at its ALL TIME HIGH, even if folks dont buy RRR, they have to look for stocks [if they want to] that have GOLD deposits preferably with JORC and not just digging trenches or not drilled yet. Why? Those that are just starting out have a LONGER way to do ie more work than a deposit with a JORC 101. With a JORC , it can be VALUED for VALUE IN THE GROUND. Why? Sufficient holes have been drilled to suffice for JORC. There is a disconnect between share price /mkt cap vs the deposit value in the ground and its HARD to find a gap between the 2. In ordinary lingo, it is called under-valued for the deposit vs mkt cap =MIS-PRICING.
In Rochdale, thieves stole someone's gold so there is risk in keeping gold safe. Hence, stocks are easier but they can be volatile and they need funding. That is common to all AIM stocks. Many stocks have been ...by extensive and intensive naysayers and they do not do so for the good of the rest who remain. Said once, twice, three time and for 5 years? Ah, motive is in question as to why? Wont edit. Eyes tired.
Maid, they knew. AB was in discussions with them about doing a deal and then they DK'd him.
DYOR
Very good currant news HP'' and if big G'' is to get $225m award for BV trying to steal there claim, then I'm sure RRR will get back a huge reward if it is find that BG inadvertently done the same to us, when they bought out the lot for $430m including our 50% without doing due diligence to see who own what...
see what happen in the days ahead, but something is close regardless of the mess around going on with the SP ATM
Regards
Hi,
I said NASDAQ's process is arbitrary not the SEC's. The SEC is just slow and painful: they constantly want more information. Other stuff is in process, that might or might not happen.
If it does happen, then it will happen over the next few weeks and no I am not going to disclose anything.
DYOR
Helpful: In relation to RRR's Elephant Oil Corp IPO [investee co], you stated it appears to be "arbitrary." I checked the last S1 SEC filing and everything has been THROWN IN ie fulfilled. Everything needed is there. From my understand, I will proffer what I think is the issue or may appear to be an issue. One notes the LEGAL POSITION ie NO REJECTION. Why? If there was one, it has to be filed by the regulatory and then allow them for APPEAL as norm.
This way ie HANGING IN THE DARK only means 1 thing possibly. It would therefore appear that there has been what appears to be "mischief" to the regulator by way of saying tis and that. As I said , the credentials of Dr Staley is a WoW given his days at Cove Energy and the 1st bid in mega billion$ came from Shell. Not a man without distinction. So, any "mischief" may be coming from the U.K possibly? Why? No one in America knows of the CEO. So, a little insinuation here and there may have cause a pause and should be CLEARED UP. FACT: IF IT WAS BASED ON HARD LEGAL EVIDENCE, THEN A REJECTION, hence NO REJECTION but in the air suggests my theory is correct as that is practice. So, clearing it up will be pass and go. Maybe Dr Staley could be the CEO and that would bring great interest globally and can go beyond just Namibia.?? Just a discussion.
Item 4 clarification AB stated 'consensus" That's verbatim NOT 'no dispute'
consensus - is general agreement so this leaves room for some minority dissenting parties
If there was NO dispute then this would be done
Helpful despite all the points that you have listed it appears few people want to buy here. Why do you think that is? I ask as a long term holder who has rarely or never sold my shares.
This is interesting.... no doubt the trolls can think of something negative but here goes...
https://arbitrationblog.kluwerarbitration.com/2024/03/05/glencore-v-bolivia-a-long-awaited-award-finds-expropriation-and-fet-breaches-by-the-state/
DYOR
News, Boring Boy doesn't understand the process.
There are two parts, SEC and NASDAQ (if you are using NASDAQ). IPOs are starting to move to NYSE and CBOT rather than NASDAQ because of the messing around that NASDAQ land you with. Their process is not transparent and it appears to be deliberately arbitrary.
You are right, the SEC has signed off on the S1 a number of times.
DYOR
News, Boring Boy just makes stuff up and repeats it ad nauseum. When he gets puts straight, he backs off for a few days and then restarts the same drivel.
1. If I knew DRC was signed, I couldn't and wouldn't tell you. MAR and all that good stuff.
2. It doesn't matter how close anyone thinks it is (including AB), until it is actually done, it isn't done.
3. AB has thought we were done a few times and then we weren't.
4. As he has said recently, there is now no dispute that RRR is owed 51% of the $15mil: so about $7.5mil.
5. RRR has a separate court award for the $2.5mil plus damages (I think $2mil).
6. There is no point in endlessly repeating the same drivel but Boring Boy seems to like it doing it.
7. IMHO Burkina Faso will dwarf the $7.5mil.
8. The big thing about getting the $7.5mil sorted it that we can then get on with the big numbers. I expect that we will get on with it pretty quickly. I expect that they will want to chat to me about what the potential claim will be. Once they have an idea what they can claim they will need to get what is called an Expert Witness lined up.
9. Ideally our friends who now own Musonoi want to do a deal and not mess around but they might want to mess around, in which case RRR needs to line up no-win, no-fee funding or a contingency fee structure or after the event insurance.
10. My view is that we should use Anya Law but it could be others. A big issue will be finding decent London lawyers who are not conflicted (a big no-no).
Anyway, fingers crossed.
DYOR
BanburyBOY states "5 failed IPO" relating to RRR Elephant Oil Corp, a RRR Investee co. I checked a few nights ago from the SEC FILING, USA for Elephant Oil Corp due for Nasdaq IPO. In particular, I read the last SEC FILING in Nov 2023.
There has been NO REJECTION from the SEC. Why? If there were, it would be there in the filings and Elephant Oil can appeal or if there is a request for further info, Elephant Oil can produce the required. IN ESSENCE, THE SAID FILING shows that EVERY ASPECT of the required has been FILED within this filing of Nov 2023.
Perhaps it does need the next financial accounts ie to show the filing but I am not sure. However, FACT, it has had NO OFFICIAL REJECTION as portrayed by BanburyBOY and that is FACT. Type Elephant Oil Corp SEC and it will come to the filing site. Click to read. FACT. Wed, 3.4.24.
See, like clockwork, BanburyBOY stops posting, BlueBOY 1975 starts posting on this same thread.!!! LoL.
I do NOT know much about the DRC payment re: 1/2. But that was sometime ago and it had to do with VUP, RRR's JV partner. Besides, they did not carry it through ie VUP due to the person making the offer, not a principal in law. In this current case where RRR has reached DRAFT AWARD, the payment is to come from GECAMINES, the DRC state miner for 50.1% of $10m to RRR. That is a whole new ball game as it is NOT from VUP, RRR's JV partner for 50.1% of $5m already paid to VUP. HELPFUL: Banburyboy now appears to attempt to read that Helpful has NOT said anything , there to take it NO DRC AWARD ------------that is presumption. P.S. RRR RNS of 28.3.24 stated that Gecamines via their Counsel has told the Court that they will pay upon the award. Oh, but dont let that get in way of naysaying LoL ---ONCE THE COURT SIGNS THE AWARD, it goes LIVE ie RULING of which Gecamines told the Court they WILL PAY. DYOR. NIA.
Elephant - five failed IPOs. No one is interested.
Https://finance.yahoo.com/news/reconafrica-announces-closing-c-17-124500360.html
It has raised to drill at least one well in the Damara Fold Belt which extends into Elephant Oil's acreage in Namibia. Should be good news for Elephant.
The Whaleback Anticlines look huge but until they drill them, they don't know if oil and gas is there. They now think that they have both decent oil and more than decent gas.
See the recent CPR update.
DYOR
Vertabin- award payment is gross, lawyers fees, court costs and admin fees to come off. Three years now of all that now, someone's going to be taking a big piece of that pie - if it ever comes out of the oven. I do have a theory regarding French speaking, trained lawyers but I'd better keep that one to myself!
News working hard.
Dukey has said he won't post again if we get the DRC $7.5m.
I will join him. A caveat from me though.
I think there is a small.outside chance we may get something. Bell talked some months ago about taking half. I suspect we might have to revist that and after legal fees kickbacks and all the rest there won't be much left.
If we clear $3m net from DRC I will retire like Dukey.
Come on guys it's as clear as the end of your nose its unlikely to happen. The one person who will know for sure is Hapless and he studiously steers clear of DRC and is plugging FASO. Tell tale sign !!
Still ALR FASO COTE and Kenya worth tens of millions each so we are told by Helpful.