RE: DAL news19 Mar 2026 05:44
Hi Spec - I saw that and its all systems go.
Sadly it's not the RRR licences which are Kokumba, Molotov, Djekanov and Yamoussoko. They seemed to have been sidelined !!!
DALs accounts are very detailed, and I can't see any exclusivity payment. Not to say its not there but far easier to see in the RRR half-year report [ as it income of which they have precious little].
Neither RRR RNS nor DALs ( again very detailed) mention an exclusivity payment, albeit
1 - RRR says they choose DAL from three offers !! Let's hope they called it right.
2 - DAL refers to an existing 1.5% smelter royalty. Nothing RRR ever referred to its share holders.
As well as accelerating non RRR Cote assets, DAL has recently appointed a heavily incentived country manager [ options on 4m shares] Muhammed Niore.
Must be risk DAL have got cold feet. Or, as we have told, Hapless repeatedly realised RRR is in distressed sale territory. The licence expires quite soon, and that might be a better option for DAL avoiding dilution and picking the licence up cheaper later.
What do you reckon helpful ?
Sorry, I forgot you, the Investment Advisor who said completion was nailed on for 31st Dec !!. Finally yesterday you agreed with every poster on here completion is in the hands of DAL.
What's your view ? Do DAL have a lot more cards than RRR ? Or should RRR pull out and bag that exclusivity payment and re-engage with one of the two other buyers ?