The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also RRR might only get a mining permit by going big !!
Small miners not allowed permits according to FASO government and Reuters.
Helpful has me on filter and never responds. He went out of his way to come on and rubbish me on that Reuters posting. No denial or sugestion I was wrong merely a bland statement
" loads of companies mine in FASO but RRR can't because Boring boys says so"
I did not say that I posted a legitimate article.
Could history be repeating itself ?[ Zimbabwe export ban ]. What do I allways say about Bell and a barrel of nipples !
Wheres the money coming from to go big because we have to as we misunderstood the rules ?
Conjecture only and IMO only but Hapless is all over the place.
He's pivoted from small scale production last week or this with $260k net to RRR to now its go big hence delay so wait for the $10m a month hype.
It's pathetic and doing the company who are saying nothing no favours.
Someone should write to the Board about gagging him. He's a liability
200 tonnes hapless. Does it exist ? What a fiasco
Dogs - anyone serious about investing in this company should really consider your question " does the Lithium really exist ?
Should be pretty easy to provide confirmatory proof/ evidence through the NOMAD and an RNS with next steps. That might get the SP moving and would be great news with Lithium prices rising.
Helpful very quiet and its hardly earth shattering stuff. Not even an angry rebuttal from him on the 200 tonnes . He ignores it. Interesting DYOR.
Zumore I think Lundy going quiet on FASO after three weeks ago saying production last week or this is massively telling.
His post saying they are still issuing permits ( albeit to a big player) indicates to me the issue might be RRR lacks a permit. Why else post that ?
I don't understand the significance but it doesn't sound good and ties into zero news.
Once again loose lips as at worst let the cat out the bag and at best created confusion.
Feels to me he's a real PR liability to the company and its him as much as the company that attracts the negativity.
Maidit when you invested 9 months ago the SP was three times what it is now. Sidelines a good place to be !!
Helpful for the avoidance of doubt Gold could be $4000 and not impact RRR SP in my opinion.
I and no one on here wants it to crash.
We just want RRR to do / deliver something for once.
Yes - Help having to fight his own battles and invest more time posting now News has gone.
A few more neighbours and commodity links is sure to send the SP into over drive.
He needs shut of his placing shares :)
Spec - there is little or no regulation on AIM. Read my post of early yesterday - blue sky resources.
What commodity price cycles have to do with a company on a death spiral dilution, short of cash that has promised a cash crystaling event imminently for three and a half years is beyond me. Helpful is useless.
The company needs to provide an urgent proper update on all of the promised events that are in limbo DRC / Lithium and gold (production this week ! said helpless) . Unless they do that there might not be a company at worse or it will be even more bombed out than now. Contrary to our conspiracy theorist H5O who thinks it represents a good investment at these level. !! He's said that a few times to. For the avoidance of doubt I hold a beer money shareholding in RRR no short positions, have no connections to anyone that has, and I like posting at weekends. I also could be wrong and H5O right but as Zumore says when Helpless is walking back comments re short term it's a worrying sign. All the commodities and neighbours stuff is away with the fairies and at best incedental reading. Friday normally a big day for RRR spikes [ 60% of them] let's see what today brings
Bit mouthy [ one of his sayings ] on FASO permits but very quiet for "loose lips " on the 200 tonnes.
As 10% owner of ALR - twenty tons is his :)
Probably the sort of money that falls behind the sofa to our patron.
Yes and for a while "the man with the minus touch"
He's due some luck and good fortune.
Lundy has had two nicknames "loose lips" and " granny mugger".
I've only got one which is Boring boy.
Not me saying it neither HELP its the FASO government and Reuters.
Annoucement was in Feb 24 re new small artesianal permits.
So doesn't impact existing operators just NEW ones.
" As I oftern say Bell could fall in a barrel of nipples and come out sucking his thumb"
Let's hope you assurances are right and we do start production this week swiftly up to $260 as you said.
Holders will be delighted
Hi Helpful.
I qualified at KPMG. Albeit you won't accept that.
I left after two years PQE ( look it up) in the mid 1980s
So I don't represent KPMG.
My comments are as a concerned shareholder and you've not answered my questions re either the Reuters article or permit or 200 tons.
Helpful said production last week of this cash flow net to RRR $260k :)
Robins we spoke yesterday - i wonder if this is part of the issue.
West Africa are massive the one Helpful posted yesterday not small scale. RRR are definately small scale.
Perhaps HELP will expand. Hopefully not caught out by another rule change like Zimbabwe.
https://www.reuters.com/world/africa/burkina-faso-suspends-export-permits-small-scale-gold-production-2024-02-21/#:~:text=Feb%2021%20(Reuters)%20%2D%20Burkina,with%20immediate%20effect%2C%20it%20said.
Very topical Helpful
Its not just posters on this board that have expressed incredulity about RRRs statements about ALR and the 200 tons but also reputable financial journalists.
The following was a fairly brutal review of RRR and regulation in general following photo gate.
https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess
Circumstantial but all the personal issues you have with the NOMAD have all been since this criticism and they were IMO clearly stung.
More appropriately so were shareholders, the lack of progress on 200 tonnes and the supposed experts raises serious trust issues that the journalist referred to and need addressing to shareholders as soon as possible. The questions raised by blueboy would be a start.
Please don’t insult mine or others on this board by telling me I can read, I’m stupid I get everything wrong. Its wearing a bit thin coming from someone that does actually (and is evidenced as) getting everything wrong.
Hi Robins
I was picking up on Helpfuls post.
I think the licence is the land and the permit permission to operate and export. Part of the permit is putting 10% into local ownership.
There is also a Reuters article suggesting in Feb 24 the Junta suspended the issue of export permits to small scale artisinal miners. Let's hope nothing serious but Helpfuls post implied we were waiting on something. Time will tell.
Nike 45m of 81m went to three directors. So 55% ish.
The terms were pretty good o.o15p.
No problem with workers but Directors ?
I
Maidit
Helpful is implying but not actually saying RRR don't have a permit.
Sorry to burst your bubble but that's bad news not good as it means production is a while away.
Maidit the board paid 0.015p as they got three free shares for every paid one. Bit of a no brainer the only loser is shareholders.
Glad it makes sense to you :)
Spec
That's very harsh!
On 15th November 2023 we had a proper RNS which was entitled. Lithium Update Exports.
The first truck had left for Beira
Andrew said " we are now begining to export Lithium from Zimbabwe and expect this to be a growing part of the company business"
Not long after Helpful started moaning the NOMAD would sign nothing off and we had the pivot to Reach.
A cynic might say the Nomad and Investers had been fooled ! Personally I would rather they sold off the 200 tonnes at a loss rather than issue more shares.
We are well overdue an update on the mercurial 200 tonnes but doubt we will get one.