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go-lie, we are not producing lithium at all. someone far more astute than bell realised the price of lithium was going tondrop and needed **** of 200t pdq. step forward our man in africa, no doubt thinking he'd done a great deal, reality is we are left holding the baby.
now i see hapless is still posting gold prices, that's great, but every junior miner will now be doing their damndest to get gold out of the ground. by the time we are in any sort of position to produce i can pretty much guarantee gold price will be sub $2000. no prizes for guessing where that will leave us.
this is what happens when you have a ceo who is permanently behind the curve.
Hawaii, from that tweet he looks like he's back in the UK.
"In DRC and Burkina my colleagues continue working"
Notice he said colleagues and not himself.
More tweets coming in from Andrew Bell, Chairman, RRR on above topic:
"A.Bell: DRC update is indeed due and has been promised. Obviously, I did not spend a week there for nothing. Did any other party get paid out? No. So given that they want money too you should suspend judgment and assume that a solution is coming as we said."
"A.Bell to another shareholder: "The issue is that one cannot make public statements about each meeting. There is no change in our guidance."
"A.Bell to shareholder: NBGC is about packaging the project to advance it."
"A.Bell to shareholder: There are always as many good people as corrupt. so quiet persistence can win out."
Please check. Link given earlier. Thur, 28.3.24.
Andrew Bell, Chairman of RRR: "Understand but in fact we see there is NOW A CONSENSUS on our rights and we are just ensuring we separate our issue from THOSE of other people, so MODALITIES." -11:01am, Thur, 28.3.24
[Post RRR RNS 1/2 yr a/cs out today at 7am]. Link: https://twitter.com/ABell2019/status/1773304287294067069
Latest from Bell on X, oh it's Easter.
https://x.com/ABell2019/status/1773303621335069034?s=20
Good grief, AB is full of it... so he bleats on about getting judgements and getting 2 mill in clsts ete, but not a penny recieved.. he really is a fantasist. he will never get a penny out of drc, they will just not pay no matter how many judgements he wins. thet 15 million wont be recieved this side of 2050.. and a fund raise is coming, he has signalled that. the idea that some sale of assets will occur before a fund raise is a fantasy. this guy has delivered zero in the last 20 years other than stories of riches to come. carpetbagger extraorindaire
H5O our leader did mention creating shareholder value about two years ago from memory. He said something like this is the year of the shareholder. You cannot believe a word he says.
Still got the lithium offtake up its sleeve for big funding alongside DRC bucks
"Shanghai trading physical gold+$40/oz higher than Western price today - new Record Price high $ 2 , 2 3 5 an ounce."
Link: https://twitter.com/goldseek/status/1773257851789545570 2 hrs ago, Thur, 28.3.24 [Embedded report from Shanghai Gold Exchange [SGE]. NIA. DYOR.
Can confirm most platforms are 'at best' only in Red Rock currently.
As I say, no idea what is going on, Lenigas could loan the company millions if he so desired (he even posted a year or so ago that if any junior wanted cash for XYZ project to contact him) one suspects Lenigas will be involved with New Ballarat.
I have commented before how poor Bell is at media, every statement is surrounded by fog, he goes off on tangents, he needs to be more concise and to the point, when was the last time he EVER mentioned creating shareholder value ??
Some update on the DRC must be due, one wonders how competent this 'Barry' fellow is (local legal advisor) he also seems to have very diverse views on just about everything based on his X posts.
The only 'hope' is that the former JV partner also want their money so whoever has to sign off the arbitration outcome must be under pressure from two parties.
It is not inconceivable for the share price to rally from current levels to .50p+, it happened at ORR recently from the same base price (I was a holder) the deal that did the rerate was a JV which placed $2m into the kitty and a exploration spend of $8m over a number of years.
The difference with ORR over RRR is that ORR have a competent management suite whereas RRR has AB.
The RRR RNS, 1/2 yr report of today, Thur, 28.3.24 was VERY WELL WRITTEN legally. I dont want to put any interpretation on the word: "---------------IN THE C O U R S E --OF THE ARBITRATION P R O C E S S , our expectation..." Imperative word: "In the c o u r s e of the arbitration process, playing on 2 words, "course" and "process."?
DYOR not advice
$2,205.70.
So $2,200 now breached: does it hold above $2,200, go higher or drop back?
DYOR
I am posting post the above RNS released this morning at 7am relating to DRC Litigation. I am pleased that my SUGGESTION has been taken into account in this said RRR RNS [ON FROM OTHER PARTIES] on DRC Litigation ie "...REMEDIES available to us---in OUTSIDE JURISDICTIONS --**************O R FROM O T H E R PARTIES.********"
Comment: "Outside jurisdictions?" = OUTSIDE CONGO/DRC. "OR FROM OTHER PARTIES=the buyer/s in my view.
MY OWN POSITION: FOR THE AVOIDANCE OF DOUBT: For as long as RRR is able to remain listed on AIM or a private co, MY RIGHTS WILL STILL REMAIN if I hold shares in RRR for the DRC LITIGATION, OUTSIDE or from other parties as above. So, as I said, it could be now seen as O P T I O N MONEY and of which since I am only modestly invested, impairment is the worst case scenario but I remain positive, that the LARGEST 3 HOLDERS OF RRR may also agree with my view, in that they want to see value etc. Mr Bell was a director of CHURCHILL MINING who's only operation was litigation at INTERNATIONAL ARBITRATION ie outside the country of jurisdiction. So, he is cognisant of this aspect ie co can concentrate on international arbitration but as I said, other parties could be a legal consideration for shareholders. I GIVE NO WARRANTIES to anyone as everything is in the public domain and via RRR RNS esp today. DYOR. NIA. Thur, 28.3.24.
It would be foolish to proceed unless he has a sale lined up. The $1.5m consideration will finish RRR.
Hopefully the rest of the board will see sense.
Didn't notice any penalty for pulling out. Anyone else notice it ?
To cheer us all up how about some gold price updates or posts about neighbours !!
RRR is of course in a good place.
"DRC Litigation:
Given we have ESTABLISHED our RIGHTS as 50.1% owners of the property under CONGOLESE LAW, we ---ARE--TURNING-OUR -ATTENTION- to those ==REMEDIES== available to us ===IN O T H E R JURISDICTIONS====O R FROM ==O T H E R PARTIES, and in connection with this ----W I L L B E ---SEEKING further A D V I C E from COUNSEL."
As a result of the undertakings GIVEN by the BUYER, a PARA STATE co, =======IN THE COURSE OF THE ARBITRATION PROCESS, our e x p e c ta t i o n is that PAYMENTS will be MADE PROMPTLY." Verbatim.
Did say placing at 0.04/0.045
Probably.y lower now.
Guys you need to buy stock with no debt,no loans or CLNs with verifiable assets.
This one is a no hoper,it's just a gravy train for the guy at the helm.
PD101 - the accounts showed last half year they acquired 450k of new debt. They had 84k cash at December31st [ despite raising 500k in mid Dec]
Quarter one expenditure will have been funded by new debt which will be now £3m plus.
There will almost certainly be a charge over the companies assets for this debt. RRR went to great lengths to conceal the last charge to Prime Resouces - Gibraltar registered and no RNS.
All the company metrics are screaming RED.
Where yiu see no risk I am afraid only fools venture.
Your comment earlier in the week about well north of 0.2p on receipt of cash are fanciful. These accounts are awful and that's why the SP crashed.
I see little risk from here with the DRC money dropping shortly, but can't buy due to a lack of available shares.
No shares available to buy - DRC leak?
What a plonker! lol
'What's that one word Rodney?' 'I don't remember delboy'
What a plonker!
Banbury, he cant be that bad - In his own words - he has never lost on RRR ! Seeing that he has been here years and the share price has dropped circa 95% in that time, that is some achievement fair play - Neve lost on RRR - Well done Helpful.
The world's worst Investment Advisor. Helpful ( Lundy) strikes again. RRR is in a good place !!!
Where is he need links to gold price.