Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
FYI the security should have been removed from Companies House records, and is being removed. A security in any case does not equal a debt; the accounts are not wrong.
Banburyboy has been a little too defamatory a little too often, so we will have to unmask him now. Woe to him if he is someone who has already undertaken to the court to cease and desist.
I offered a few weeks ago to set up a call with a group of people on here so they could confront me with all or any questions. I gave contact details. I suggested, I am sure (though it should have been implicit) that anyone not taking up this invitation should not be taken seriously.
One person responded. He then asked when the call would be, and I said I could have it with him, at any time. Sadly, he cried off.
So let no-one say I do not try to make it easy for people to come and ask questions and, if they want, debate.
I have to come here again because I am told the untruths stated, or suggested, are simply becoming too much. I am told that one person we had to sue and published an apology and paid damages, and who undertook not to continue his increasingly irrational and obsessive campaign of untruths and harassment - this was some years ago - may be back, though not a shareholder.
I am happy to confirm that all the negative rumours I have seen here, and I may not have seen all, are without foundation. Elephant Oil as far as we are aware still looks to an IPO shortly. We continue export activities in Zim. And so on, and so on.......and of course I am unrelated to any director of a former lender, whether sharing the surname Bell or not.
A certain poster sets off these hares and tries to frighten people by starting stories under the guise of an earnest seeker of truth. He thinks he is clever enough to avoid another defamation suit. Well, maybe. Not everything has been checked yet. But he will fall off the perch some time.
Nobody will let themselves beyond a certain point, and we have shown that we are willing to take action.
I shan't come here again, but I shall make sure someone does - to keep an eye on things, not to respond. Bad faith actors cannot be allowed free rein.
Happy Christmas to al who deserve it!
Thank you. We agree, more or less.
The sensitivities of some of the variables around what we are doing now would make forecasting tempting (because on paper it might look good) but irresponsible. We can say that we are fairly sure we are in a position where if we are not profitable no-one can be, and therefore we have some competitive edges, but if we say that, in the absence of numbers, the response would be 'you would say that, wouldn't you?'.
So at some sacrifice in hypeability we think it best to say nothing and let the facts speak. We are working with very experienced and responsible people, and tying ourselves to public forecasts puts them under a short-term pressure they do not need.
The object is to run this part of the business with an MO that is new to us but common to many privately run cash flow businesses. Because the traditional AIM model does not work.
I'm leaving now, but happy to hear from any of you
Well done!
Do you work for a broker?
Don't lie. As you a) know nothing and b) are wrong (as anyone with the slightest knowledge of international trade would know) it looks as if you are trying to mislead investors. That is serious, You can't stand up any of what you say - so your motives are malign. What is your name?
Lawyer up
Hmm, I was told I ought to look in here. I said "Why? I have never seen anything there but nonsense, and I don't believe the sound, solid investors who write to me and have made consistent money on the markets generally post, or visit, these sites". I was answered "Do you have any reason to suppose there is an effort to deramp your stock?" "I said, well, we have had approaches from brokers, to which we have not replied, and I know that some of these people will offer money, then sell out their holdings to establish a low base in the hope of getting a placing done where they can say 'That stock we just sold for you; we can get you back in cheaper'. Not all of them, but some." So against my better judgment I looked in here.
And I wish I hadn't. Every statement pretending to knowledge, every speculation, is false - utterly false - and some of the most malicious posters, who seem obsessed with us, are the same names I last looked in here and saw som 7 or 8 years ago.
I have one piece of advice to them: get a life!
One piece of advice to the genuine investors unfortunate enough to have come in here seeking enlightenment: ignore these wiseacres, who have never done anything in their pitiful, anonymous lives, and have nothing better to do now than post incessantly in chat rooms (that tells you a lot).
One offer: after tomorrow, if anyone here would like to come on an open-ended conference call, ans come out from their cloak of anonymity (or irresponsibility) and ask questions, I am happy to set it up. Write to exploration@rrrplc.com with some idea of likely numbers, and we will set a time and circulate more widely, Any of you critics who do NOT attend and participate will have shown who you are - paid trolls or the poison pen letter writers of the village. Those who attend may learn something.
Only our announcements are to be relied on. Gossip is not. We will only announce the facts. And when we do so, they will be the truth, presented in its proper context.
Fake news
We welcome Mr Black's investment and would never try to dilute a shareholder. Rules of the game.
i don't come on this site, for good reasons. but i was told some particularly egregious falsehoods were being retailed as fact, with every appearance of superior knowledge, and that i should have a look. so i have. capt_kurt states the licences in zim are in dispute. if this were true, we would have announced it: with regret obviously, but announced nonetheless. draw the obvious conclusion!.....he states drc claim is dead. utterly untrue, and again if it were so we would announce....if kurt does not want to develop paranoia he should stop picking up and smoking these clearly potent ***-ends. as for his 'imo' - always a good let-out, that phrase - his opinion is worth as much as his information.
news will be announced in rnses - not through lse.
The formalisation of the license reissue has just been completed - I am in Nairobi now, where I just arrived from Kinshasa two days ago. I am on my fourth pcr test in a few days......
You are correct that a payment needs to be made. You will imagine that we have had plenty of time to think about this and have internal as well as external options for it. You will possibly fear that we will be dependent on the market for part at least of this payment; such a fear would be understandable and is something we cannot stop people worrying about, if it worries them, but may not be our preference. You may if you have looked at our balance sheet wonder what assets we might sell, if we went that way: a part of Kenya itself, or something else? What we choose will be important, and when we have worked out what is optimal an announcement will be made.
The problem is a good one to have, and will need careful thought. I can't make you an insider even if I wanted to, as I don't know what is best or what we will decide. It may depend partly on the options other parties offer us.
As I say, all the options look good.
'boo' the DNi companies changed and swapped names in a confusing way. The party that signed with us now rejoices in the name DNi Projects (Pty) Ltd if I remember correctly. It still exists. The failure of the DNi group to list - they were always unrealistic on pricing - doomed them in the downturn. Now they are barely alive. But they do yet live.
We are happy to engage with shareholders direct, and plan a trip to Virginia for the early Autumn when interested shareholders can come and make their own numbers......let us know if you want to be kept in touch on dates for that
'Mr Magic' quite correct we need verified numbers and as we've said we won't release anything officially until those are in. <br /><br />Trusting numbers given in anything other than a standard reporting format has proved a bad idea in the past. It infuriates us, who have been used to accuracy, to be fed inaccurate information. We have professional partners at MET and our requirements and those of LHR are that the work is performed to best practice standards, and we are confident that we will be able to enforce that.<br /><br />The fly through video represents what is actually happening, but deliberately has no numbers.<br /><br />We wouldn't want people doing maths on the basis of the information so far, because as we say proper numbers and forecasts will be prepared.<br /><br />If I talk of for example 425 ft per shift as our working assumption, I am very aware that I am deliberately giving 1 not 3 dimensions, I am saying nothing on quality or price or dilution, or on SG, and therefore no-one can try to make meaningful forecasts. This number was illustrative of how we are rebuilding our model bottom-up now we are in there (vs plant capacity-based bottom down numbers which earlier models were partly based on). <br /><br />If we provide some reassurance that the project is real, working and professionally run, and let people clamouring for numbers know that these will come, that is proper we think.<br /><br />We are pleased, not upset, if we don't see the price jump before these are in.
It is
Poor old 'zumore'. His principles (or préjudice, or position) won't allow him to call us and get the answers to his amusing inquiries! So he has to sweat it out....... until someone chooses to enlighten him. Heaven forfend that he should be short........ Lol
I suspect by the way 65% to 70% is the highest LTV they will ever actually go to...........80% is the 'bait'
The Hungarian girl in Poland is one of the disposable tools.......if she even exists