Member Info for HawaiifiveO

David Lenigas

@DavidLenigas

·

6m

People have not picked up the #Antimony link to @RRR_RedRock yet. Antimony is on 🔥 at the moment as the Chinese are blocking world supply. Google antimony and the state of Victoria in Australia. Maybe #RRR has some. I’ll ask Andrew to look at the data.

https://x.com/DavidLenigas/status/1829122859232289240

Helpful just wondered how up to speed you are with the goings on at Elephant Oil, it would appear they have new plans that do not include an IPO, this appears to have been dropped (for the time being or forever, not clear)

In an exchange I had with the Co ML suggested interested shareholders should contact him to discuss these plans, I asked if all shareholders were aware of these new plans and he did not reply, probably because I am not a shareholder, however I did explain I was a shareholder of a company that held a material position in EO. I wondered if RRR, Bell, or other shareholders know what is going on (Oriole Resources are also shareholders as an example) I suspect many do not but ML is available to discuss as mentioned.

I put it to ML that EO should make their plans available to all however he failed to respond.

I wondered if they are going to secure some form of Gov funding and/or sell their interests in the oil licences which appear to have had drilling activity from majors others nearby. A sale of EO's interests and subsequent cash distribution would make sense if an IPO is off the table.

In a nutshell if EO have no plans to IPO then how do the shareholders extract value other than an outright sale of the company ?

Thoughts ??

Late buying !

I would hazard a guess that the entity that should not be mentioned but starts with an L are now below 500m shares, as ever they have gone through a number of 1% thresholds but have not declared - their last declaration was on April 30th. They must be due a TR1, it seems they have their own rules and that appears to be declaring every 4 months.

The good news is that IF strong volume occurs they are limited to what they can sell moving forward on a monthly basis, so that has to be a positive, we all know how daily volume can range 500m/800m shares, the next move could be a dramatic one therefore.

I still believe a floor is in here now.

I noticed the share price has been firming up over recent sessions, we know news is due concerning Senegal and further updates from Cameroon, you have to ask how they may be getting on in securing JV partners for the other licences in Cameroon also.

The new head management are so refreshing, I really liked the last interview where the new CEO was very much anti dilution, there is no doubt in my mind the new team will deliver value for shareholders and are backing it with their own cash.

Looks like it's going to move up soon enough, the SP is down from 2.7p in June but the news-flow since has been very impressive.

Given a fair wind this could close by Friday above 2.5p, time will tell but the shares are very cheap currently.

A very strong RNS this morning which the market has so far yet to digest, most interesting is re funding, can come from grants, loans and other non dilutive sources. Also of interest was the continued reference of prospective JV partners, it is hard, very hard, to believe a project so far advanced with critical mineral status is only valued sub £3m.

Once again AIM is a mockery, there are pure explorers with no JORC or other resource valued at multiples of £3m right now.

The shares are dirt cheap, trading at 2.7p in June, the market makers will play their dubious games but the stock is at the start of a material re-rate IMO.

Great top up or entry point.

QVB was interviewed on Friday, the interview link is below, as posted previously announcements will be made about Shuka shortly but the interview was interesting on two fronts.

QvB confirmed that they are getting out of Coal entirely, this has to be relevant to SKA re Rukwa, which let's face it, has been a disaster project for shareholders. There has also been some speculation there may be management changes at SKA, so maybe the Rukwa project is about to be disposed of.

The other, and most important aspect, is QvB's AUO is closing in on securing $500m of funding within a very short timeframe, once secured the fund will then finance SKA via the CLN's as previously RNS'ed.

As I have posted prior the market has materially over-reacted to recent events, worth noting that NEO, who are also depending on AUO funding, shares are rocketing higher.

https://www.youtube.com/watch?v=-AMLEEHtxVc&feature=youtu.be

Having had a look at the AYM X feed there is a link (indirectly) to a company called Mullen Automotive, NASDAQ listed, this company produces a range of electric vehicles (obviously needing copper)

Rather interestingly the company has just secured a $250m line of funding, link below

https://finance.yahoo.com/news/ibn-coverage-mullen-automotive-nasdaq-160810673.html

One poster who replied to the AYM X feed is promoting Mullen stated 'Great work guys we have a bright future'together' in another reply the poster stated 'Let’s get you the funding you need to succeed'

Now I have no idea if this is relevant but this is exactly the kind of partner AYM would look for and clearly Mullen Automotive would be interested in securing a copper supply for the future.

Sometimes it pays to read between the lines, what would a US based X account be posting on AYM's feed if there was no commercial interest. This also aligns with recent comments from the AYM BOD that they are looking to secure project finance for Parys Mountain.

The increase in trading volume is more than interesting, maybe just maybe a material event is just around the corner which could deliver significant value for long suffering shareholders.

https://www.mullenusa.com

DYOR etc

This tweet comments on SKA, news withing the next 2 weeks !

'Shuka will be discussed in the next 2 weeks, and expect to see more of van der Burgh as the fund finalizes and things pick up'

https://x.com/MarkEJFairbairn/status/1827005988542558636

No stock on offer currently at advertised price, a premium being asked for just £2k of shares, something is clearly driving this upside.

I would not rule out a new JV being secured, after all with gold at $2500oz what's not to like for a major or mid cap to come onboard, the company secured a partner when gold was only around $1500oz .

The share price remains in the gutter, no wonder it is very hard to acquire any stock.

QvB is being interview by Stockbox today - it appears they have already telegraphed news on SKA will come shortly also as confirmed by Jason Brewer.

Has the acquisition been completed, as a result new non dilutive finance will replace the notes ?

https://x.com/MarkEJFairbairn/status/1826957823462224118

Remember Bell said on a podcast a 3 summers ago, when the gold price was just $1500oz, that RRAL would IPO at a valuation of $20m so let us see what the offer price is.

Also worth noting that POW will be watching and will not allow AB to screw their position, as Sean Wade stated at Proactive POW will benefit majorly from RRR's share price upside.

As I have mentioned in a previous post RRR is no longer Bell's rag doll, you have POW and Lenigas now involved + a number of larger shareholders who will want/demand value.

Let us see how this plays out.

JB has suggested to look out for a number of announcements via RNS, so not one but a number, one wonders if the transaction has completed and more material news is inbound.

JB has re-iterated the money will come so those panic sellers will rue their decisions, can see the SP recovering to 8p - 10p range near term IMO, remember the director warrants and CLN are all priced at 15p.

DYOR etc

Looks like the overhang has cleared, not many available sub 1.2p, premium being asked for a decent slice of stock currently.

Social media posts suggesting it is hard to buy in any size online, well news must be due, IF they secure a new JV partner this will rocket.

Just under 50m shares in issue, very small free float.

Looks a great entry point currently - stock was trading at 18p last year.

JB is available on X, has reiterated his holding of 11.7m shares, not happy with the share price, has spoken to QvB, from comments on social media and a few who have contacted him he has also suggested funding will come, has re-iterated that SKA continues to complete the acquisition, look out for more RNS updates shortly.

I have added, sellers will rue their exit IMO.

Just posted this on X

Jason Brewer @JB_MiningAfrica

5m

Thanks once again for the support.

Sitting there firmly with the 11,773,402 shares held through

@GM_InvestAfrica

https://x.com/JB_MiningAfrica/status/1826272284627313025

For what it's worth I fully believe some material news is not far away, maybe this new CEO simply gets on with the job in hand and remains below radar until he can release news via official channels.

What we do know is there has been a strong volume surge with nearly 20m shares traded over the last 3 sessions, that in itself is meaningful.

Project or grant funding should be a game changer here, also remember they are still working on Grangesberg, who knows whether a stake sale may be on the cards.

The share price is in the gutter, no wonder there are buyers moving in, this should continue, a rise back too and potentially above 2p in the near term cannot be ruled out IMO.

A few entities trying to talk this lower, no surprise at all based on AIM shenanigans, however a few seem to have reached out to the company and more news seems likely, maybe there is more to this than meets the eye, time will tell but IMO this is a good entry point.

As for ludicrous suggestions that the major shareholders have sold stock at higher levels, that would be a breach of rules, all sales/purchases by BOD have to be declared via RNS, there are severe penalties for rule breaches.

The next news will be interesting.