RE: RRR in default with POW.26 Nov 2025 08:56
So, with the POW non payment as good as confirmed, no other details to the contrary incoming from RRR and ππ's pagent for going mute when things deviate from plan, presumption tells us that the high interest loans and "supportive lenders" soaked up the 1 million Soma "fire sale" proceeds, as predicted by posters here.
RRR is, with no company direction to the contrary, again on "life support" until ππ can cash in the Dalaroo shares after Christmas. Dalaroo share price 0.039. Down 26% since the sale of the Ivory Coast acreage. A total gamble on the share price at the time and in the lap of the market. That's without a Black Swan event between RRR and Dalaroo in the meantime. The proceeds, if incoming, will keep RRR on "life support" for another couple of months.
Because of ππ's reckless spending RRR yet again finds itself on a knife edge. Underlining the fact that RRR's near term future is all about the DRC cash...
Tic, toc, tic, toc, that's the sound of inevitability Mr ππ ππ