Member Info for Banburyboy

To be fair liquid that's the best articulated and balanced bull case on here I've heard so thanks for taking the time out. I'm nearly convinced.

Whilst I have a very low opinion of Andrew and doubts about whether that reward will ever go to ordinary Jo - I hope it goes well for you.

If there is nothing tommorrow I will be really dissapointed. He did not need to RNS the pipeline news and the fact he did created an expectation. I have a sinking feeling that might be all we get. Hope I'm wrong

Liquid you are the ultimate Bull on this share .

No slight doubts in your mind ?

Andrew is not the sort to go down with the ship but i do think he will go down fighting.

I do think about DRC and the $10m. If we had a strong case both parties would recognise it my now. RRR is on fumes and i really think for the good of the company they should take $2m if it was offered. I also think Andrew would bite their hands off for $2m.

The fact we are not there at all makes me really wonder what the risk based value of that claim is. First equity back in January factored in 100% of the award in there 2p plus valuation back in January. That is just plain nonsense and anything they produce should be treated with extreme caution including lithium costing models.

Possible Amadon. In such circumstances ordinary Jo shareholders usually get nothing and Director's and those in the know normally do ok and the better assets reappear elsewhere.

You have put that quite brutally. I've previously described this as a key risk to RRR ordinary Jo investers that company and shareholder interests are not aligned. Let's hope we are both wrong.

Had a debate a few months ago with Helpful. He was in denial about our interests here being currently worthless.

Since then we have another attempted coup this week [ to add to two allready] , French withdraw, wagner arrival. worsening jihad insurgency and a fco advice on no travel.

Even if ones head is so deep in the sand as to not recognise the inevitably here consider the public liability issues to RRR as a company of sending staff to and employing citizens in BF.

Another high risk investment gone ti*s up.

I suggest we commision First Equity to re evaluate Steptoes yard after putting ALR through their model and conclude its actually worth $50m not $30m and the target SP is 3.8p not 2.8p.

The price will explode next week.

Kemi yes a day late and a doller short. Or more accurately 650 days late and $15M dollers short from first annoucment in Jan 22.

We have been issuing shares and borrowing money on that ever since and now the cupboard is bare.

Detractors are out in force this week. Poor old helpful must feel like the man holding back the tide or even the boy with his finger in the dyke. Soon Rodney soon.

Conjecture but is it just a technical restatement as they issued more shares 5 days ago. Absolute holding the same but cake bigger hence % lower

Unfortunately Speculative I and many others on here have watched AB for a long time.

No news from RRR normally really is bad news. Any sniff of a positive outcome on anything in Steptoes yard and he would have wheeled it out by now.

To me RRR is now a complete play on DRC without that we can't fund the company and it will be wound up with zilch to Shareholders.

There may be lithium at the end of the rainbow but without a leg up from DRC we won't get there.

My gut feel is DRC won't happen as AB would have dangled progress but stranger things have happened.

Thanks Spec. I suspect we have paid for our ALR share to date in kind. That is given away 28% and our majority influence.

Would not suprise me if some of the now 47% was being leveraged in the background.

As we say in Britain we are over a barrel.

That was the last raise for corporate purposes.

RRR burns at least 100k a month so the tank it empty.

Wonder what's keeping the lights on ? The full year accounts will no doubt have details of loans / arrangements and charges made post balance sheet 30th June 23.

Will we still hold 47% of ALR or we hock the limon receivables ?

There must have been some corporate activity to secure funds - the great unknown is what ?

What a fantastic management if they can do that !!

You could not make this share up ? The buy back ending and we all fear a drop and it goes completely the other way. Interesting.

Helpful i like the bar chart showing the exponential growth of Lithium stocks over a period of time.

It seems the exact inverse or RRR's ten fold decline over the last five years.

I probably unkindly call RRR's portfolio Steptoe's yard and the governance and communications the key stone cops.

I think the armchair investor summary below is quite fair

"There is much going on at Red Rock; a lot of holes have been drilled, licences applied for, statements and writs issued, but not much oil, gold, iron ore, lithium, cobalt or copper has been dug up over the last 20 years.

The company seems chaotic and aimless, or in the most optimistic scenario, cursed with bad fortune. Its ventures seem to be stuck in quicksand, whether it’s waiting for a favourable court judgement in the Congo (and if the company gets a positive decision, enforcement of that ruling); the IPO of a company holding some rainforest in West Africa with USD25,000 in the bank; the hope that Kenya will become a gold mining mecca; the need for a Toronto-based company to start mining a mothballed asset in Colombia in the expectation some royalties might materialise; or that Zimbabwe will be a simple and straightforward jurisdiction in which to extract lithium from. It’s all a bit messy."

Perhaps Jacques and Samos is that big reveal we all spoke about to make sense of the value depletion from the Tailwind merger :) I still await that with interest.

Let's hope the road construction samples aren't better than our 8kg.

I'm not sure Zimbabwe sat on endless Lithium prospects help. If anything it threatens ours being selected.

That type of analysis is the bigger picture stuff we are being asked to consider :)

Has Zimbabwe got too much high grade Lithium ? How does Tin Hill compare ? Have we missed the sweet spot.

To be honest Amadon I think Zimb could be long term. If it has value the temptation of Mr Bell to sell down his 47% will be huge.

Alternatively the sharks who own 53% including our resident insider will be circling and looking for fire sale prices

Aside from Helpful who sees a bargain and a mutibagger our fair weather rampers seem to have departed.

Yes Amadan . Shame he said that April 3rd not the first. Albeit the first was a Saterday so maybe his was of having a private joke !!

He also said in the half year report in early April it only needed a signature and would be paid any time.

My worry is the silence is deafening. Any crumb of a chance and AB would have wheeled it out and spun it by now.

I know Helpful considers me an illiterate basket case. But I have drawn the conclusion that DRC is dead by closely studying ABs actions for fifteen years. Time will tell and let's hope for the sake of some good holders on here I'm wrong.