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@tomorow/yesterday - when you say ::::::::::::
“ He has created problems that don't actually exist in OUR humble opinion in order to sabbatage the share price.”
Who else is in you little sabotage group or which group are you representing
Why is you statement not singular ?.?.?
I agree with all the posts below - I think the raise is needed to get the company through to April when good weather arrives in Madagascar and production should increase in line with prices.
I feel £1.04 million was all they could raise based on the current knife edge business we have.
I’m assuming that commission to the funder will be around 6% and that part of the money will be used to pay the estimated £180,000 CLN coupon this month - the remainder should get us to April.
Harchris - your so right - the amount is so small for a 30 million market cap company - why did they not pay the interest in July 23 - after all TGR have only know it needed paying since July 2022 - £120000 would have paid the complete interest cost!!
Harchris 2 maybe the plan is to substitute the 12 % loan note holder with the Debt finance - I’ll vote for it
m how - my “I’m hoping the company is cash generative in November” was so we could be paid -
Have a good weekend everyone - I’m sure the company will clear this up on Monday by RNS
Just for balance …… I’ve just looked at the post from 2nd Nov …….it starts ……
“Not sure if this is true or not” and then provides a link to a tweet or X
Can’t see the conspiracy on this occasion but like you would like some supported news preferably by RNS
Helpful as you often say “people don’t read things”
I clearly said “the article BELOW the lithium item” you posted
It relates to the financing into production of critical metals by the AUS government.
I thought it might help RRR AUS in some small way ?
Helpful - there’s an article below the “lithium takeovers” article you posted saying AUS is financing, on a loan basis, critical minerals mining - would that apply to RRR AUS or New Ballarat Gold ??
Sorry I can’t read it without subscription
Thanks guys, so it’s a6 month loan with 6% upfront and 1/2 % pm - 9% max
The 15% discount is off the next fund raise price ……. if there is one
If the isn’t the lenders get 9% plus 4,500,000 30 month warrants per 10k costing £11,250 to convert
So there is a small chance there will be no dilution if there is no raise, but, the company is cash starved and in a development mode so there probably will be
Clear as mud
Banbury help me out, is this a dilution event?
Do the lenders get shares and warrants if there is no fund raise?
I can’t work it out from the RNS what happens if the DRC money comes in and there is no share issue - do the lenders just get 6%
Banbury - I think the big man turned down 50% of the 50% reward
If he’d been offered $7.5 million as final settlement with same day payment then he would have been delighted as that’s the utopian best outcome for RRR
I don’t think there is a floor to this share until you get to 11.2p - its small production revenue does not support the market cap
I’m hoping that the rumours are true and the company will be cash generative towards the end of November and that the SP will be double from here.
Lots of news coming I’m sure ?
DYOR
Continuing on from Helpful below - if he gets either ALR project or DRC done then he will bring in local people to oversee delivery - reducing the Bell effect on the SP
We just need to stop him spending any DRC/ALR money on NEW pet projects and finish what we already have and this company will be very successful
Thanks Spec, food for thought re a possible time delay between order and payment being made.
Not sure it changes the model but you’re right the cashflow could be 3-4 weeks in arrears if your senario is correct
Fingers crossed everyone - this has to work - for RRR to work
Spartan have started their Elephant Oil fund raise. If they get enough they can list on the stock exchange and then 6 months later RRR can sell their holding
I’m hoping that by the time the lock in expires EO will be meaningless in the scheme of things