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AIM juniors on the other hand, RAISE, BUY PROJECTS etc ie RAISE AND SPEND on projects. Yes, so, the situation has changed now and PROJECT/S NEED TO BE CASH GENERATIVE. Lots of press have now covered this ie about AIM and until one sees what is going to be done, one will have to wait. This applies to all AIM stocks and widely discussed.
DRC- There is a distinction between CLAIM which has to be SUPPORTED by a Investment Banker's Valuation via Expert Witness in any international arbitration. CLAIM does not mean payout will be the same and it is 101 known. IF FINANCED by private equity groups, then they take a cut if there is a win. Both sides will fight over the claim amount -see history of international arbitration 101 for education. Anyone remember Oxus Gold ie 2012 - a $400m claim. Remember Churchill Mining where the claim was for $2billion in UK & Australia but merged into 1 case seeking $1.3bn.
Meanwhile in the DRC, it now appears that AVZ 's licence is being JV'ed!!! This is while international arbitration is going into the final stage where both parties present with AVZ having won the interim ruling. So, going to be interesting to see how RRR will move forward once the AVZ lithium international arbitration moves into final ruling. To be JV @AVZ's licence does appear to suggest that it has been sold !!! [in part for the JV as norm?]. Sound like RRR's licence ie sold for $430m. I checked and in 2019, the JORC was being commissioned by RRR as they held 51% in Musoni, DRC.
A Short Account: By Helpful in reply of his recall of events at RRR 's history.
[1] Two types of RRR investor: SUPER CYCLE 2010-2012 & POST SUPER CYCLE 2018 [let's say]. RRR went from 0.25p to the equivalent of 40p [My Ref: Paul Johnson tweeted 0.25p to 23p, hence how I learnt of RRR History ]. ROTATION taking place from OVER-VALUED to UNDERVALUED. Those who continued to invest TOP OF MARKET should have been getting out, not in.
[2] POST 2018, largely MUSONI and onto JORC. Backdoor deal was $420m. RRR had 51%. Partner "stopped" [see detail].
[3] "The MODEL RRR & OTHER mineral co's used to follow BROKE DOWN IN 2012. The MODEL WAS TO RAISE MONEY, SPEND IT ON AN ASSET AND MOVE IT TO THE NEXT INFLECTION point and then SELL/JV at an uplift on what was spent on it. SINCE 2012, ==THE BUYERS HAVE NOT BEEN THERE. THAT LOOKS TO BE CHANGING.==
[4] RRR BILBALE -FCF pretty soon.
My Comment: There you are, FREE from Helpful. In the chap in the USA that LOST $45k and has to NOW STOP, one said to him, you should go to a advisor and INVEST, not "speculate" [para phrase]. An interesting account by every American commenting but their mkts are very different but same principle. TWO POINTS HERE: Helpful has CONFIRMED what I said about AIM is to RAISE CAPITAL [that is what is stated by the way on the LSE AIM site]. YES, many AIM junior explorers raise and went from 1 project to another. NOW, ALL LEGACY projects and some may revive to be sold or not now depends on the projects market. My observation: Even now, IF URANIUM IS HOT, AIM juniors will get into it & so forth. RRR is taking another PATH which is what MANY are doing ie SEEK PROJECTS WITH CASH FLOW. In general, IF , the sky blue eventuate, then good to go. By Sky Blue is take care so as NOT to give the idea that it is a riskless event. IT IS A GENERAL PRINCIPLE as laymen think its the NEXT ...unless one caveats with Sky Blue. There you have it. DL has re-tweeted a criticism and his answer is insightful. The account is FACTUAL and applied to many AIM junior explorers. PAUL JOHNSON POINTED OUT RRR AS A CO THAT RODE THE GOLD BOOM in 2010 so CYCLE & AIM JUNIOR EXPLORERS coincided & history now. CAVEAT: They say history does not repeat but it rhymes. How true that will be is left to be seen. Did anyone see the PROPERTY market in Oz. One chap on Twitter said his Dad who worked as a garbage collector bought 100 acres of land in Bryon Bay for A$18,000 now worth millions. Ah, that was insight that was at least 40 years ahead of the curve as Bryon Bay, Australia is THE premier spot now. Recently, First Quantum lost their Panama copper mine or it was taken. On the day the financials were released and within almost a few short hrs, they had to get an EMERGENCY sum of $500m from Jiangxi Copper & within the next 24 hrs raise $1.6bn in notes. I dont think I need to explain why. So, many may NOT be aware big co's operate on income and project finance are raised but they have to be paid ba
Circa 160 dilutions over the company life !
Did I dream it or did Helpful suggest next placing at 0.2p or 0.3p !!!
Helpful no one bet wets they scoff with incredulity at the nonsense you post.
So$4bn claim which we all know is not a settlement and the market values that and all our other assets at £2bn plus £4m short term debt so £6m enterprise value . No one buys it your just a dreamer.
For clarity, it would be the 26th dilution to existing shareholders in 2 years. If only we had some Lithium to sell, I'm sure that would help...
Anyway, back to reality, 26th dilutive on route? I think so....
2nd part News. RRR has been an early stage mineral exploration company. It involves risk, it needs access to the capital markets and it may or may not succeed in what it does. People investing because they think it is "low risk" need to reassess what they think low risk is. People trying to compare it to larger mineral mining companies with producing assets are not comparing like with like.
AIM sees it self as a capital raising market for growth companies. What that means is that placings etc are not a glitch, it is the model for AIM. That is what the companies are therefore on AIM for, to raise capital. Companies typically fall into one of two categories: growth or income. AIM does not market itself as a market for income companies.
Now it might be that RRR is about to move to where it can start distributions (6/12 months window lets say) but if it is, it will be unusual for AIM. If Bilbale works out then RRR will generate enough FCF to cover its corporate overhead and fund its growth plans plus start share buybacks.
The model that RRR and other mineral companies used to follow broke down in 2012. The model was raise capital, spend it on an asset to move it to the next value inflection point and then sell/JV it at an uplift on what was spent on it. Since 2012 the buyers have not been there. That looks to be changing.
Anyway, my view is that RRR is in a good place. Bilbale should be producing FCF pretty soon, I expect DRC will be sorted shortly now the DRC cabinet and parliament is sorted, a deal will be done on Australia and we have other stuff on the go.
Fingers crossed.
DYOR
PS for the haters, even though this will make you bed-wet even more. Bell has a much better track record than most of the other people held up as super-heroes. Most exploration management teams never bring even on asset into production or sell an asset at a profit.
I see some of the managers and companies lauded on here by the uninformed and I think to myself, if only you knew the truth of it. At least two that get lauded are out and out frauds as will be shown in due course.
News, this is a long answer. I am not interested in what other people did or didn't do or how much they have made or lost or when or why. What has that got to do with RRR's assets and whether they can be monetised? Nothing, is the answer.
People who are down on RRR fall into two groups: people investing at the top of a metals super-cycle in 2010/2012 and those post 2018 (lets say). I understand RRR went from 0.25 to the equivalent of 40p: you would have to be remarkably stupid to invest into RRR when you should have been getting out. I see this all the time, a share has done up and the retail investor therefore thinks it will continue to go up. The same with, it has gone down and so it will continue to go down. Reversion to the mean. Investors should rotate out over overvalued stock into undervalued stock. There is also sectoral rotation as we go through the business cycle. No sympathy whatsoever from me for this group. You made a choice, grow up.
Post 2018 to date is largely about Musonoi and the other two licences being stolen and sold for $430mil. Why people cannot see the connection is beyond me. Those licences belonged to a JV where RRR was the operator and had 51%, as had been shown in commercial court in Lubumbashi. There can be no dispute as to the status of the assets, from anyone. If there were a possible dispute, then wouldn't be waiting on the arbitration: VUP would be going to court.
RRR had an accelerated pathway to bringing a JORC in and bringing Musonoi into production. It was stopped by VUP trying to do a deal behind our backs otherwise Musonoi would have been in production years ago.
Therefore, what has happened subsequent to the theft of the licences has resulted largely from that action. What would RRR be valued at with a JORC of 400,000 tonnes of copper and 24,0000 tonnes of cobalt and in production? Remember the $420mil was for a backdoor deal.
When RRR starts the legal process it will need advice on the quantum loss resulting from the theft of the licences: it will include all costs incurred by RRR as a result of the theft.
IMHO the potential claim is over$4bn. Before the bedwetters start going on about drivel, partly because of their agenda and partly because of their limited english: claim is not settlement.
DYOR
Well, I take it from that the 10-15% is for newer licences that are not relevant to RRR and the subsidiary, could be wrong but that's my logic on it.
Not really sure what the earlier part means, guess we might find out one day. But if if it could be reliable and long enough term it might, might reduce the potential need for dilutions in relation to advancing the project.
Split / farm out / joint venture - whatever you want to call it - if it were to happen, is being discussed by you in negative terms but so is dilution to advance the project. If the former might reduce some of the latter is that negative? Some cornerstone investing might be helpful for stabilisation.
Agree that it will not be entirely rational to to try and work this out on a verbal chess board, any changes to the January 6th 2022 RNS would only ever be communicated by a further RNS.
The January 6th 2022 RNS says that Faso Greenstone Resources own 80% of the asset and Red Rock Resurces own 100% of Faso Greenstone.
Https://apanews.net/burkina-faso-to-build-gold-reserve/
Helpful says no government stake this says otherwise.
My guess is RRR net ownership is south of 50%.
No sane conversation can be had about FASO in the absence of understanding how much RRR own.
Helpful
If my link worked given sometimes I copy the wrong digit, then you will see what 1 person commented on the loss of $45k and having to stop. He said you need to invest, NOT .... So, someone asked him if he was a advisor and he said Yes but he doesnt offer out of state. I can recall the exact word he used BUT I think he meant SPECULATION. In my view, investing is a very tough sector. Why? One needs to learn how to read CHARTS of Dan Zanger standard. Mind you, Dan Zanger learnt through practice. Why charts? It is to look for a big stock with an UPWARD trajectory and those are as rare as moons. The top NO 1 in the USA is MONSTER or was the biggest return. I havent seen the latest top riser for x no of years. I am talking for American stocks as London AIM stocks etc are not much given to charts except the few indicators which may be built into algos. So, Helpful, you are in the right profession as that man who commented. This relates to RRR as I am sure , by now, most will now realise that RRR or other junior explorers are NOT INVESTMENT GRADE stocks.
AIM is for growth stocks because they need an angel to fund them LoL. Maybe, some may not have realised this but that is on the London Stock Exchange website. Due to higher rates of risk, HNW never go into AIM stocks in any big way but it is only a small % to uplift the portfolio. So, a gentle reminder for the NEXT time if any. As for Mt Ida [RRR has a royalty], they at Junior refused Gina? Why, she has CASH of some $35bn , as in liquid assets. Now Gina knows a thing or two about managing money given she had to split 1/2 the inheritance with her Dad's new wife. Also, she inherited quite a mess from recall. Now, that is a turnround specialist. Only Gina at this momo can fund Mt Ida but I havent kept up to date as to what is happening at Mt Bevan, her licence close or next to Junior. Meanwhile, Junior is languishing at $10m mkt cap and NO MONEY BAGS IN SIGHT given in Australia, they are hard to come by with the billion $ needed to fund. The only other funder is the Chinese who funded a mega magnetite iron ore mine.
Helpful,
Thank you. Good to know that RRR tried Paul Johnson. At least, that was tried. A very open response and all one can ask is to try. So, thank you for the status up to date of where dreams lies.
I have just read that someone lost $45k and he has to now quit. I note that one of the things he did was to keep throwing money in and that rarely works due to the risks involved. https://twitter.com/JerdTrades/status/1789019263707345327
Maybe, it may help others to see that one is not alone and what is the consensus of views.
News, Sat, 11.5.24.
News, what someone did or didn't do is irrelevant. All that matters is the assets and monetising the assets. What the SP ends up being, who knows? There is no way of knowing, not for me, not for you and not for AB. All he can do is do what he is doing; if that isn't good enough then that is just the way it is.
At one point PJ was a possibility; we wanted to put the two together but he didn't. Then later he wanted to put the two together but we didn't.
Overall, RRR did ok out of POW but not as well as it could and should have done.
IMHO RRR has better assets but I haven't looked at POW recently. As I have said, several times; once we have made some progress, I would like Priyank to join. No idea whether that is a possibility or not. Ideally, RRR sorts DRC, gets Bilbale into volume production, Priyank joins and we go get Juno.
Dreams, dreams....
DYOR
Helpful
There are MANY shareholders of RRR per the Registry that are just ordinary pi's as I dont see any large institution/s holding RRR stock. Many may not post on this forum but they are OUT there. If Robins is anything to go by, then his 2m shares are now NOT worth a lot, British understatement. Perhaps, Robin has "given up hope" on his 2m RRR shares and now rather resigned? I dont know but what I know is that it is very hard, IF NOT impossible to come back if a stock has lost more than than 90%. Whatever morality ie that they were NOT aware of professional techniques of stock management is besides the pt now. One has to have compassion for the existing shareholders of RRR. I do understand it is hard to pull out a rabbit but all effort and sweat must now go towards making RRR a top winner now and the only way is to step on the gas. The DRC matter - it is now rather sticky in that if there is NO GOVT formed, it means no decision on RRR DRC $10m award yet and more to the point the $430m lost of the 51% RRR share of MUSONI. These sort/s of tactics is typical of litigation in general and can be in particular. So, every sinew has to be strained to obtain a result and if so, RRR loses could be reversed. As a RC, I am sure you understand that I have to speak for all who have lost on RRR losing 90%+. It is a moral duty to ask Mr Bell if he could do something. To this end, I was surprised that Mr Bell was NOT 1 OF AUSTRALIA'S RICHEST BILLIONAIRES as the 1st round of Aussie billionaires ie Ranked Top 10 were ALL IRON ORE BILLIONAIRES @magnetite iron ore which may not be as ideal as hematite iron ore. RRR came to the London mkt ONLY WITH MT IDA iron ore, Australia and Mt something --HISTORY NOW STATES A FACT THAT MT IDA is a Tier 1 iron ore project and can improve tonnage more per the report. AND RECENTLY THEY SHOWED GINA THE DOOR WHEN SHE WANTED IN- my word given Gina is next door at Mt Bevan to Mt Ida. So, folks , how is something one doesnt know but lets us hope that a better outcome for RRR if someone can ask Mr Bell to help shareholders of RRR. Thank you Helpful. Typo earlier post. Sat, 11.5.24
Helpful
Could A.Bell makes or rather invite Paul to be the CEO of RRR? It would help given Paul's little shell did 25% on nothing ie no RNS. Maybe, the doggies will be happy?
---------------------Dear All @RRR-------------
Lots of bad bear years on AIM explorers. Many AIM explorer dogs are waking up especially from such low market caps which means even the kitchen accounting sink has been thrown in. How? They are now priced for liquidation type levels and it is the remaining assets that could turn. THE BULL years for explorers have started but only those who have ASSET/s that can be TURNED round like this wk's No 1 mining explorer but the 1.3moz is sitting in South Korea. But the BULL YEARS wont be forever if cycles repeat, so folks BETTER use that time to now wakey, wakey and not spend time talking about RRR or rather more of the same. I hope for all of us, we get the good years. News, Sat 11 May 2024.
Helpful is making CALLS after footie. LoL, dont tell me he's won and calling in for the $$$?
And as my prime exhibit, I give you this previous post. Make something up and then pretend there is an issue, again. Exactly what I said they wanted to do.
It also shows just how schizo the trolls are; they want me to shut up whilst also wanting me to do their research for them. If and when RRR has something to say surely they want an RNS? No? Having spent weeks complaining about RRR using RNS Reach and Twitter they now want information confirmed outside an RNS and by me! You couldn't make it up, except they do.
Anyway, football over 😁 and time for some calls.
DYOR
DYOR
Zumore
Chinese tend to be not tall generally especially the older generation given the pics one sees. They dont eat huge steaks and grow like giants.
Ah, so Bell knows some Chinese but are they the right type of connections to $$$ to fund RRR Kenya for example. If the Chinese took over RRR Kenya, they could SORT it out quickly. Look at Colin Bird's Manica in Momz. -- Chinese could sort out the operations even with ...issues.
News. I choose my moniker as the dogs I follow are poorly run lifestyle companies with CEO's who I feel are untrustworthy. UKOG is an example and also NTOG which is another one of helpfuls cesspits.
"News" as you will recall you have unfortunately been filtered for LIFE by me.. but when i'm logged out i can see your posts.
I noticed your top post says something about Kenya and Chinese.
Funnily enough i was looking at some of my old posts the other week trying to find some post and i stumbled across an old tweet of Bell in Nairobi with some Chinese people.
As you will see in the photo Bell looks very happy in the threesome photo.
https://twitter.com/RRR_RedRock/status/1138109907809579011
He looks a giant in the photo. How tall is Bell?
My guess is 6ft 8.
@AIMDOGS
Doggie, every week the UK Mining Winners are tracked. I think you may have chosen the name AIMDOGS, as in plural at the time of the downturn. Upturn has come and from my observation only, the AIM DOGS are waking up as attested to from the Winners lists. Let RRR do its own thing at its own time - Chairman is well aware since he can read assets vs liabilities quite well. As for Helpful, he cant give much more from what I can see of FASO because the operational takes time and caveated for so many issues ie paper work etc. For this reason, I read another AIM co is working with the ARTISINAL MINERS which is an immediate solution. As with ALL AIM explorers, they all NOW FACE the same RISK/s so just to let ya all know that best to make use of this upturn now seen in the explorer's space although those with ASSETS ie resource are making the top risers. That is why I asked if RRR has Chinese connections to take on RRR Kenya given they have the funds and know how to operate a mine. News, Sat 11 May 2024.
Banburyboy. Helpful obviously knows how much of Faso Bell has given away. It will all come out eventually and posters will remember how evasive he was when asked about it. Do you think Bell has managed to hold onto 35% when everyone else has taken their slice?
Hi Aimdogs - thanks for asking.
The fact he throws insults and doesn't answer the question tells you all !!
He's clearly backsliding on June as everyone and his wife knows FASO hard to do business.
And I asked him via 2 seperate media's and he didn't answer. Tells a lot about him. And you. Imo.
Evasive as ever helpful. Photos from the Internet that RRR passed to shareholders as their own. Had my run now in the gym and I can multi task so fire away.