Member Info for Helpful

Https://twitter.com/sharedycat1/status/1768682246209179977?t=_sH36tor1m2Jt4t95Zklgg&s=19

The full exchange..

Ha! A reference to some messages we swapped earlier.

Chamberlain got off a plane and said, I have in my hand, piece of paper.....

Well let's see...

DYOR

News, Dick was never a shareholder in RRR, he was in RGM.

News, there are some things happening on EOC that are very interesting but not yet ready to be put in the public domain. Maybe back end of next week for some and maybe a couple of weeks after for some more. And no Trolls it is not inside information because RRR doesn't know; AB gets his info from me.

In the meantime, investors should familiarise themselves with the information in the public domain from Recon Africa as it pertains to the Damara Fold Belt. They might also want to look at the Sintana update relating to offshore Namibia published earlier today.

Because I know nearly everyone on here is lazy as.... https://www.proactiveinvestors.com/companies/news/1043215/sintana-energy-unveils-light-oil-discoveries-in-namibia-s-orange-basin-1043215.html

It is also worth keeping an eye on what Monitor and 88 Energy are up to in Namibia on the Damara Fold Belt.

IMHO I can see EOC being worth serious numbers later in the year. But always, many a slip twixt cup and lip. Recon are looking to do a JV asap and drill two wells in the Damara Fold Belt: if they hit, that is highly material to EOC and in turn RRR.

DYOR

What you can say about Elephant is that it is operating in a jurisdiction with massive discoveries. Look up Whaleback Anticlines.

On the RRAL tax losses, of course, that is the 50.1% attributable to RRR; it needs to be grossed up.

News, it is not difficult. The information that our esteemed colleague, accountant and NED needs is in the accounts:

"The Red Rock audited accounts to 30 June 2023 ("Accounts"), as shown in Note 2. Segmental Analysis in relation to "Gold Exploration Australia", the net loss before tax from continuing operations of the Australian Subsidiaries was £(470,000)."

In additions, I understand RRAL owes RRR a small amount. This is an inter company loan and likely recoverable at IPO.

Separately, RRR has carried forward losses at the PLC level of £22.4mil so call it £22mil net of the loss in RRAL.

NB I did finance and accounting as part of my degree, it is not rocket science regardless of what Boring Boy says.

DYOR

RRAL has tax losses. One reason for going into Victoria with RRAL was so the losses weren't lost.

https://finance.yahoo.com/quote/GPAC.V/ on TSX

DYOR

Just for Doggie so he doesn't feel left out of the loop..

https://twitter.com/graddhybpc/status/1768548803349500348?t=FBHRsoDMjeVfUyiAEbeeGQ&s=19

DYOR

"lovely" indeed!

AR

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02785159-6A1198385

DYOR

Doggie, do you mean to say AB hasn't checked in with you and updated you how things went yesterday? Very remiss of him, I will have a word later.....

Elephant Oil Corporation is the top co. It took over Elephant Oil Ltd a couple of years back and all the EOL shareholders got EOC shares in exchange.

If you want to look at the top shareholders of EOC just go on the SEC Edgar site and download the S1. And no I am not going to defilter Boring Boy to check out his latest drivel.

DYOR

You can download the full report from here:

https://www.investorx.ca/search/00008235/reconnaissance-energy-africa-ltd

Obviously I expect the trolls to be experts on the report within ten minutes despite not having read a word,

DYOR

So remember I have been saying that RRR is in a good place and that things are coming together?

https://reconafrica.com/wp-content/uploads/ReconAfrica-Press-Release-031424-ReconAfrica-Announces-An-Updated-Independent-Third-Party-Resource-Report-For-The-Damara-Fold-Belt-Onshore-Namibia-DESKTOP-TM90F8R.pdf

So The Damara Fold Belt trends from Recon Africa's acreage into Elephant Oil's acreage in Namibia and it also trends into the JV acreage held by Monitor and 88E.

Recon have published a couple of reports about what is in the Whaleback Anticlines in their acreage. They said that they would update the reports and above is the update.

15.4 Billion barrels of OOIP. Prospective Gross Resources 3.1 Billion barrels. That is in addition to the the 20 odd Trillion Cubic Feet of Gas in place.

Very, very good for Elephant and not bad for RRR and anyone else who has shares,

xx

DYOR Trolls

Doggie,

there a few possibilities;

1. You didn't read the RRAL RNS

2. You did read it but didn't comprehend it

3. You did read it and did understand but for some reason felt the need for a pathetic side swip.

If you read it;

1. It is entirely conditional from RRR's side

2. Most the consideration is back ended loaded and itself conditional

3. One of the conditions is funding. Likely the will bring someone else in to fund the short term requirement but in any case RRR will not need to come up with any cash anytime soon. See point 5 in the schedule part of the RNS. The first two parts are a CLN and a share issue at 0.15p per share. If no placement within six months then the CLN is redeemed for cash. Note where the share price is now. POW is accepting the shares and the CLN at well above the current share price.

4. The terms for the conversion of the CLN mean that RRR is highly motivated not to do a placement above £200k within the next six months unless the share price is materially higher than now.

Anyway DYOR

News. He would have arrived at the airport about 7.30pm. They tend to do nothing in the morning over there. They start doing things late afternoon and then continue until the early hours. Sometimes meetings are midnight/1am/2am.

I doubt that he met anyone last night other than our people over there.

DYOR

Last trade went through at 0.0735p.

It looks like it will move up shortly.

DYOR

If the price is dropped they hope to panic sellers.

They are not getting the trades.

News:

https://www.rrrplc.com/wp-content/uploads/2020/08/2020.08.26-EL007329_Kilmore_Report.pdf

https://www.rrrplc.com/wp-content/uploads/2020/09/Report_EL007460_Kilmore_West.pdf

https://www.rrrplc.com/wp-content/uploads/2020/06/RRA_Neighbours_Comparitors_20200607.png

https://www.rrrplc.com/wp-content/uploads/2024/02/2024.02.14_RRAL_Project_Presentation.pdf

You can check the licence locations here: https://resources.vic.gov.au/

DYOR

I missed this yesterday.

https://www.londonstockexchange.com/news-article/PREM/zulu-lithium-plant-and-general-update/16375724

For those that said ALR should be doing what Prem was doing in Zim: this just goes to show you that seeking to operate a complex plant and get it to steady state production at volume is not easy.

IMHO ALR went down the right route initially just dig out the material and sell it. Unfortunately the Zim Govt changed the rules. The wet season is over now in Zim and the lithium prices are starting to recover.

Whether it be selling material as a trader or selling from stockpile or mining the way forward (except for one exception) is just sell the material.

Longer term there will be a need to move to Lithium Carbonate production.

Once DRC is boxed off, I expect that we will hear more about ALR.

DYOR

Https://twitter.com/jczuleta/status/1768162683931504942?t=shK4CuwucjsJrBLXpIJ-dQ&s=19

DYOR