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Why October? So he will be Prime Minister for six months without being elected to anything.

Doesn't look anyone's vote gets to count in Canada. Carney who has never stood for election to anything is appointed Prime Minister and isn't even in Parliament

Now that was cynical really looks like.

Boring Boy you are quite obviously a nutcase.

Trump is not Hitler or a Nazi. He doesn't belong in jail. IMHO I think he is wrong in Ukraine but so what? He may flex it: who knows? You are a typical socialist plonker where everyone who disagrees with you is evil. I think he has gone too far on tariffs but understand what is trying to do.

I find it interesting you are so obsessed that you have been reading my Twitter feed. You really do need a medical intervention.

Lastly, Carney is bad news for Canada.

DYOR

Https://x.com/graddhybpc/status/1899392833527730561?t=FNnZZ4pP_aJ5jMAF_1kKow&s=19

DYOR

Explains a lot.

You really are deluded.

What is it with you and fantasies Lycra Boy. Do you sit there getting all excited? Nothing I have posted is contentious: standard investing stuff which you would understand if you were the investment genius you claim to be.

Is DRC becoming investable? Well the Cobalt Holdings IPO will give a big clue.

Is the price of copper material to RRR's claim for consequential damages? The answer is yes. You would need to be brain dead to disagree.

Has RRR's CDI subco issued shares to any outside shareholders? Not that I know of or can see...

Lets get back to the stuff you like: you don't understand the difference between debt and equity. You think making a loan makes someone a shareholder: even though said company has never issued shares to outside shareholders and never taken debt on.

Just admit you sit there in your sweaty lycra fixating about RRR and making stuff up. You will find life easier.

Anyway, I know you like new words to help you with your English Comprehension but I have one for you in French later....

Lastly, just because I know you like to get excited in your lycra: nearly mid March. According to Soma they are restarting the El Limon mill mid March......

zzzzz

Https://www.cityam.com/jake-greenberg-firm-cobalt-holdings-set-for-london-listing/

DYOR

Boring Boy, for someone who reckons he is an expert on finance, accounting and economics you are remarkably ignorant.

The IPO is for a new company to operate in DRC. It is looking to raise £180m. Note not valued at, that is just the amount it wants to raise. It may or may not happen but Glencore is dobbing in £18m.

One of the things that you have prattled on about is that no one is interested in BF, CDI or DRC...... That can be taken as short hand for those jurisdictions are not "investable". Obviously, there have been lots of deals in BF and CDI but DRC less so. If you listen to the Rome Resources Stockbox interview from a couple of weeks back. There was an extensive bit about DRC.

So if Cobalt Holdings manages to raise £180m that will go a long way to make the case that DRC is investable. Raising £180m will come mostly from institutions. If DRC is becoming "investable" then the DRC discount will reduce.

All bog standard stuff for a genius like what you are... NB Joke!

DYOR

Cobalt Holdings is planning to float on the London Stock Exchange, with the IPO expected as early as May 2025. The company aims to raise approximately £180 million to purchase $200 million worth of cobalt from Glencore, backed by a six-year supply agreement. Glencore is set to be a cornerstone investor, taking an initial 10% stake in the company. This move is seen as a boost to the UK's struggling IPO market, especially given the recent decision by the Democratic Republic of Congo to suspend cobalt exports for four months, which is expected to stabilize cobalt prices.

Interesting!

Is DRC becoming investable?

DYOR

"The monetary value of 400,000 tonnes of copper alone is about $3.8bn at current prices"

That is a factually correct statement Foggie.

https://www.lme.com/en/metals/non-ferrous/lme-copper#Summary

Currently quoting $9,525.50. All you have to do Foggie, is multiply out. I am sure you can do it, even if it takes two or three goes.

zz

Boring Boy, you are such a bag of fun...

Regardless of how the market values the assets stolen from RRR now; $420mil was paid for them then.

Any claim against the party or parties involved with the theft will deal with consequential loss. The price of copper is material in the calculations for consequential loss.

The same would apply to any company in a similar situation to RRR. If the price of copper is materially higher than so is the consequential loss claim.

For someone who reckons he understands economics, accounting and investment it is a bit strange that you continue to deny basic fundamentals just because RRR is involved.

And yes before you start prattling on about how any settlement is likely to be lower than any claim: really? That is the high point of your input? Look at Ascent Resources, they have a claim against the Slovenian Government in the ICSID (the next hearing is due soon). As the price of Natural Gas in Central Europe has gone up, so has the quantum of the Ascent claim. Same applies here.

The lowest RRR's claim can be is $200m plus interest plus costs. I have posted detailed accounts of what needs to be done but that is the low point of any claim. The actual claim is likely to be materially higher. The monetary value of 400,000 tonnes of copper alone is about $3.8bn at current prices plus the other interval at depth (being exploited at KOV) plus the cobalt plus the other two licences. Yes, I know about costs, royalties, corporation tax, interest on funding etc and discounting for an NPV (rather better than you do, I suspect). But key is the copper price.

DYOR FW zzzzzzz

CDI was you trying to use a non-existent investment to denigrate third party information because I posted it. It is not minutiae because otherwise you wouldn't have felt the need to post about it and to make up yet another false statement. You then compounded by making further false statements about it. But now, hey ho minutia.

I have told you and others several times, my major interest here was via CLNs to fund DRC: you know the assets the trolls insisted were worthless but were sold for $420m?

zzzzz

Boring Boy, as I have previously stated: I was asked to put money into CDI and said no. None of that detracts from your repeated assertion that I am a shareholder in the CDI sub co. Your last excuse was that it might have been a loan.

I know you live a world of twisted logic but saying no to investing in CDI does not make me a shareholder in CDI. Can we now agree you were talking out of your fundament, as usual. For an expert in finance, accounting and investment you sure don't seem to know much about it...

Anyway Boring Boy, as usual..... zzzzzz

Boring Boy, all very well and good but no.

The price of copper is pertinent to any claim against Glencore.

As you are in a good mood, maybe you can answer this Mr Super Accountant?

You stated I was a shareholder in Cote d'Ivoire. I pointed out that not only was I not a shareholder in CDI, that the subsidiary in question had never raised outside capital. Your response was that you weren't sure if the investment had been a loan or not. Can you explain how the World's leading part qualified accountant (an expert on reading accounts) would think that my making a loan to the subsidiary might make me me a shareholder? Surely someone with a first class degree in economics knows the difference between equity and loans? Surely said totally under-rated genius would know that capital includes debt and equity?

I don't have the time or inclination to refute all your false statements constantly as they are repeated and nauseum but it should be noted that your correct statements are in a vanishingly small minority.

DYOR

Https://www.mining.com/morgan-stanley-sees-upside-for-copper-prices-amid-potential-us-tariffs/

DYOR

If you read the full exchange he is quite clearly saying that signature of the PPP/JV is unlikely this week.

He is reiterating his declared position that he wants the VUP matter boxed off first and then the PPP/JV can be signed.

So he is not saying impossible but improbable. Not least will be time issues. Even if he gets the piece of paper he wants today, he has to get to DRC sort out receipt of funds and the meeting with the ministers. So it might get signed but not likely.

Everything just takes longer in DRC because of the culture.

DYOR

Https://x.com/ABell2019/status/1899113409972486156?t=tmkDiZjGV12S5Y7fzKvG4w&s=19

For those who understand textual analysis; interesting....

DYOR

Https://www.kitco.com/news/article/2025-03-07/bulls-are-back-wall-street-and-main-street-see-higher-gold-prices-next-week

DYOR

Https://x.com/Ole_S_Hansen/status/1899066897963897134?t=vIAzt7pEB-eXpsX2eeOuiQ&s=19

DYOR

Https://x.com/graddhybpc/status/1899022097759744141?t=g1deTxa5C38oo0hKbL2CpQ&s=19

DYOR