Member Info for Helpful

Nike,

there was a presentation on the RRR website for ALR that showed the "C" shape on a 2D map. I have it but it doesn't seem to be on the website any more.

https://www.lse.co.uk/ShareChat.html?ShareTicker=RRR&share=Red-Rock-Resources&thread=A78B635D-C4B4-4CD2-93D6-3EB22CE269C9&reply=true

https://youtu.be/StgiiHthlpU?si=tQ-5tZ-EN5PUHHt

And RRR has confirmed my comments about the different levels of pegmatite.

It wouldn't be unusual for several levels of pegmatite, it is quite a common occurrence.

Boring Boy has obviously had his memory extracted but this was discussed in great detail on here with reference to valuation based on the FEQ report.

At the moment, it is of no interest because of the lithium price and the Zim rules but in due course it might be significant.

Note the Stockbox guy was doing his usual suck up for Marula and Prem. I don't know why but over the last two years we have had multiple ramps on here for Caracal, Marula and Prem saying that they were much better than RRR: they don't look so good now.

Anyway, time to do something useful.

DYOR

Just posting this here so it doesn't get lost.

If I posted this then we would have all the trolls all over it.

AimDogs

Posts: 623

Price: 0.0525

No Opinion

RE: Helpful post 16th April 2024 07:311 Aug 2024 16:57

You know why. If Bell cuts the bull5hite and actually gets something right this will have a jolly good run like PPP & UKOG. Not looking to catch this falling knife and find a bottom but I'm after the meat in the sandwich if possible. Problem is Bell is full of the proverbial with, tricks, schemes and slight of hand. As you say looks like he has had his wings clipped which is a good thing.

P.s. You appear to have gone into reverse when it comes to Faso after all your ramping in April ... 😉

So Doggie is saying that RRR is due a run 500%/1,000% up if it gets things right. Rampier than anything I have posted on here.

DYOR

Nike, Boring Boy has shown to everyone on a regular basis that he doesn't know much about accountancy or mining. He can stay on filter.

As to "smack legs", it is a metaphor. Parents a while back used smack children on the back of their legs as a reprimand or mild punishment: it hurt but didn't do damage.

Boring Boy should maybe concentrate a bit more on what RRR has to say about its assets than me. The "vendetta" is because he has talked bovine ordure on several issues that you expect that any competent accountant would know about not withstanding the fact that he is Mr Super Accountant. I remember well that he doesn't understand the treatment of intercompany loans between a subsidiary and a holding company; doesn't understand how charges are disclosed at Companies House; doesn't understand that the full charging document is downloadable from from Companies House; on three separate occasions he tried to pretend that the charge that was there was either to Andrew Bell through some subterfuge or to his son; doesn't understand the priority on a wind up up. However, you must remember he is only or was only an ACA (though a bit rusty), if he was any good he would be an FCA.

For the record the company with the charge was subsidiary of Riverfort, was a Gibraltar company; the signatory was an employee of Riverfort, as disclosed on their website but it didn't stop Mr Super Accountant repeatedly try to mislead people, despite being put right several times about the matter.

No doubt we will now get more squealing because Mr Rusty Super Accountant has a bit of an ego and thinks he is so very important.

DYOR

I see you are trying to set up your next trade.

Https://mawsongold.com/news-releases/mawson-announces-signing-of-scheme-implementation-agreement-with-southern-cross-gold/

DYOR

Https://www.cnbc.com/amp/2024/08/02/gold-prices-set-for-weekly-gain-with-us-payrolls-data-on-tap.html

DYOR

$2,465

Https://x.com/jczuleta/status/1818913373691469927?t=iopzt5ka61HLvX4abcW9TQ&s=19

DYOR

News, chill! Boring Boy has nothing useful to say.

I have pointed out loads and unlike you and the trolls I have told AB to his face multiple times.

The main issue is bandwidth: RRR has too many good quality assets/projects. He needs to start getting some off his desk. RRR has multiple assets which on their own would be another company's sole or main asset. Migori on its own is enough for one company. Second, RRR hasn't completed the transition from the old model to the new model of operating for cash flow. Third legacy of him being a superstar 15 years ago and attracting investors who simply had idea about what they were getting in to 15 years ago. Fourth the general failings of AIM as a market.

DYOR

Doggie,

no not gone into reverse. I respond to what the company puts in the public domain and what else is in the public domain. I am not going to fall into anyone's trap of posting stuff I shouldn't. So we are just in waiting mode again.

Even if I knew production had started today or was starting tomorrow or starting Monday, I wouldn't post it: it would be inside information and posting it would be smacked legs. So until the company publishes something we wait.

As you say, if AB gets it right. No one on here fully realises just how big BF can be, but until it is done, it ain't done.

DYOR

Well, well Doggie. So why all the drivelling nonsense? Just shut up and wait.

We can do the Rodney sketch in due course.

PS I find amazing you can post that and then claim I am a ramper.

xx

Well Doggie, well done. If you can do that, why are you bothered wasting your time with RRR? Just call it a day and move on.

No it was never a hoax.

Sometimes AB is not as aggressive explaining things as he should be (IMHO).

The bottom line is that ALR has some produced material at surface, on more than one site. But at the time it was cheaper to buy in SC3% than produce it in Zim. So as disclosed ALR bought some material in. To produce it, they would need to set the mine up and produce it. So you would have the capex for the mine and the opex for the production (ask super accountant what it all means): consequently, it made no sense to produce at that time.

Separately, if you look at the presentations and RNSs and the interviews. Initially, it looked like the lithium ore deposit at Tin Hill was a "C" shape. On the site visit it became clear that the reason it looked like a "C" was that the deposit was on the side of the hill, continued into the hill and to depth. So to expose the lithium for mining you basically have to take the top off the hill and build access roads. That would have been in the wet season and there would be an issue with plant sliding off the side of the hill in the wet. It also became clear that there was at least three stacked levels and possibly a fourth. This made the mine design and the operations a whole lot more complicated than simply mining a "C" shape.

Given the subsequent price movements and rule changes in Zim; ALR did exactly the right thing.

In my view BF is more important.

DYOR

Nike,

the full story re those photos is as follows: I knew at the time but felt it was up to the company to clarify, not me.

Willem Smuts was sent up to take some photographs of ALR's lithium. The photographs he took were pretty bad and they showed up pretty bad at this end because of a poor connection and bandwidth. RRR asked for more photos. Unknown to RRR Willem didn't travel up but spoke to the warehouse/site manager, who forwarded some photos that he had taken a couple of days earlier of our lithium. He took the photos for marketing purposes because everything was laid out. He sent the photos out for marketing purposes without telling RRR. When the photos were sent to RRR, RRR thought that these were new photos taken by Willem as per instructions.

The Japanese/Korean company got the photos as part of the marketing effort from the warehouse/site manager, liked the photos and put them on their website (without permission).

RRR published the photos thinking that they were photos taken by ALR/Willem; the photos were of ALR material but the warehouse/site manager took the photos.

That is it.

DYOR

Re the shorts question from yesterday. IG says closing only on RRR. So that means they will not write new spreadbets.

I can't see on the equity side where they disclose short positions. On the spreadbet side they have a dropdown that shows long/short for IG clients: it says 100% long.

It also says that RRR is unborrowable but I am pretty sure that if I wanted to open a spreadbet in either direction, I could do it but not with IG.

Thanks

Sorry talkie, me getting over-excited. As you say 8 weeks away.

How did it go with that gold short(s)?

Https://x.com/SomaGoldCorp/status/1814326822022287867?t=ZPybIAAz9CkL_8p5Bec6sA&s=19

Q424 is now four weeks away.

DYOR

$2,455