RNS 16th January 2022 DRC award20 Apr 2024 09:49
On 14th January 2022 the Commercial Court of Lubumbashi issued an executory judgment ordering VUP SA, the Company's partner in the Joint Venture, to pay $2,000,000 as damages, with costs.
As I see it the only chance for RRR to end the next dilution (in + or minus 51 days?) is to get the DRC payment. Reading the RNS's and the time span since the judgement was handed down (28 months ago) plus listening to Bell on his latest stockbox interview not really understanding where the process was in real terms, (as we understand it was I think how he summed up where rrr was in the process?) chances are it's not coming to stop the next dilution and save investors from more pain.
I also notice Bell was too embarrassed? to even do an interview after the last dilution. Not that the stockbox interviewer asked any meaningful questions, a reach RNS version of an interview, limp and meaningless.
Maybe Bell and other directors should share the pain and take a salary cut???😉 Imo.