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Three of note
Mid June 23 0.13p to 0.25p
Licence at Tin Hill
October 6th ish 2023 0.1p to 0.16p
Involvement of Sam in Zimbabwe.
End of Jan 24 0.0715p to 0.11p
Lenigas appointment.
All of them damp squibs.
Trust a real issue and struggling to convince the market on FASO.
Doggie, why not try giving me grief about something I have written instead of making stuff up. From what I saw earlier, at least some of the trades are rollovers.
DYOR
We have had months of [1] commodity prices on the up [2] junior minors turning [3] theories about investment cycles.
That might be true for other companies but this is RRR.
We are oftern asked why are there so many bashers on such a small cap company. Simple answer no conspiracies just a huge trust issue.
Over a very long period Helpful and the company have over promised under delivered and arguably misled a lot of us.
What holds good for the market will allways bypass RRR. They need to ACTUALLY deliver something not just promise. Until that happens we won't mirror the market.
I notice news and maidit308 have dropped the nonsense about rrr holding above the last placing price.
Nike - I don't see any connection between existence and physical security.
All the ask is for an update it exists and what the plans are.
A large amount of holders in here lost money on the Lithium hyperbole and are owed an update. Saying Beira or Harare is hardly a security risk.
One variation to that, Banbury, it's not being sold any time soon it seems but confirmation of existence might compromise the physical security... so it comes back to "judge us by our exports" or even the domestic market if regulations / plans change.
My judgement on the "white gold" will wait, I have always quite liked the company for its' gold projects balanced by a little diversity - as with everything, time will tell.
Nike - confirming the Lithium actually exists and there was 200 tonnes would be a seriously smart company move.
Many posters including the financial press have real doubts.
There on in is the Trust issue the company has.
Put us straight on Lithium 200 tonnes ? Even Helpful whose known for his loose lips has no comment on the 200 tonnes.
If the UK economy is to grow higher than 0.08% like it always does, our stock market need to grow stupid'' like everyone else ? why hold it back? why is regulators interfering into what news a company can tell the stock market and how they should tell us and when to tell us ? what reason would they have to stifle growth in the UK ?
lot's of questions need to be answered at the highest level and it will be a lot more than the trolling part of the system I CAN TELL YOU...
RRR via their boss have said (slightly paraphrasing) lithium has been obtained from other producers and is in storage during the currently lower price.
The pivot is to a commodity of a higher price and as a small company they have to concentrate their focus on what they are close to market (paraphrasing an interview).
The gold assets aren't knew, the commodity price increase is recent so it is for people to judge on their own explanations.
Personally I've never been that bothered about the lithium although it's nice to have, if it is in a cave somewhere and there is price recovery - the cave might go up in value.
The FTSE have lost 30% of there heavy weight CO ? perhaps fed up of the massive fraud that have been allowed to take place over the years by our protector known as off com.co.uk and other branches.. fed up'' of this massive undervaluation to our peers abroad and decide to list there instead perhaps ? one can only speculate'' as to why the UK would sit back and allow it's stock Market to deteriorate to in some cases option money like RRR, while watching USA and EUROPE stock Market outperform almost every day the DAX up 300 points some time the DOW up 900 points sometime''
pushing to the next levels while the FTSE can only manage 45 points to 80point ? but quite easily drop 150 points losing £100drds of mils in MC for our CO for no reason, and put us back two month ? WTF is that all about ? IF NOT FALSE MARKET & massive fraud taking place in every corner of our institution known as the LONDON STOCK MARKET
We actually don't know Truck 1 existed.
You may remember Mr Bell told stock box it was all in Harare but Helpful explained it as him talking impresisely.
All the zealots on here bang on about history not being relevant but the sorry tale of Lithium is not even over a year old and tells you everything about trust. Five Chinese buyers task force etc.
IMO it's because of Tin Hill that FASO gets no traction however hard the company try.
You can only cry wolf so many times
Bell said updated Lithium photos (ie not fake ones) would be forthcoming but surprise, surprise, they never materialised so I also think that trucks 2 to 8 containing Lithium never existed. Imo.
Talk
I've never been convinced the 200 tonnes existed time will tell.
They got caught with their pants down on the photos and i think that was when trust finally went.
The NOMAD took his bat and ball home and that's when Helpful started moaning that the problems were NOMAD related.
This article was by a reputable financial journalist on that issue
https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess
BB - Seems this share only goes in one direction - Is RRR nearing the point where the last one out can turn the lights off???
The future raises at these levels will now surely be so destructive to LTH or even newbies buying in today that there appears to be very little enticement to even take a punt without concrete, company defining news.
I'm thinking most still hanging on to what little investment remains here are now firmly in the requirement of 50-400%+ increases just to get out at break even.
I mean seriously - why would anyone punt on this now given the lack of cash and the track record of raises?
How on earth does a CEO stay in position so long with this kind of record?
How do some investors continue to explain away how unlucky, poorly treated, badly governed AIM is to justify the drop here - the mind boggles...
...Still nice to see Lithium on the rise again eh, will come in useful when RRR finally flog those 200mts at break even to try and keep the lights on.
Https://twitter.com/mineralsmindset/status/1787775763896521149?t=9BdHDO87U7B-K_h5jy2e7w&s=19
DYOR
NOMADs and CEOs are effectively gagged by the regulator from effectively communicating their strategies,
THIS IS HUGE NEWS FOR THE INVESTMENT COMMUNITY ? and if true we are all doomed in any stock''' if it's not investigated by higher authority and put right ASAP as it means the people put in place to protect investors are getting a back hander from these funding calls happening day to day for letting rules be broken ?
Ouch new record low of 19.3m at 0.045 !!!
Helpful called this well.
No money to pay wages ? Sam has us over a barrel.
All in my opinion and DYOR.
They will never stop hating on RRR until they get SP below the 500m worth price, even if they have to take a hit'' THEN WHAT ?
pure evil'' in these Market and it must be stopped, the law and regulators must weed out this fraud in our Market in every stock you care to invest in... even if they have to bring in another 15 rules to plug other loop hole, like no funding call under 0.20p ? it will certainly stop CEO & NOMAD from sitting on hands, unsupportive of there own SP that's for sure''
I SEE WHAT I SEE''
0.049p
Banburyboy. You have to ask why Bell and Co are not buying their allocation of shares in the above scheme at a whopping 67% discount?
You will never break our spirit J - FK, the Market will buy anything going begging at a lost with June round the corner watch and learn...
More trades than chat posts so far .maybe somethings happening , oh hang on the placing shares are being sold at a loss 🙈
Helpful says lots of news coming.
Having followed RRR like a hawk for five years my observation is.
Any proper price changing News will be leaked to the privileged few. They will then fill their boots and sell into the rise. Yes some of the placing guys but also people like Lundy.
When they have got in first news will then be released to those of less superior intellect.
Heavy trading in advance of any good news is unfortunately a characteristic of how RRR operates and has been for years.
Let's see if this is any different.
DYOR Helpful is anything but
I was wondering how long it would be before this link was posted for the millionth time , did'nt take long this morning 🤡🤡