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Yep.

They won't be bringing that into production any time soon.

Similar issues to Premier, they will need to beneficiate lower grade material to be able to sell it. Big capex, long lead time, complex production. And a lot of drilling. They will be hoping for higher grade in due course.

DYOR

Getting excited over 1%+

https://twitter.com/ProspectResLtd/status/1714481717514527172?t=KWyNmg9l6hyNFAAqntCwew&s=19

DYOR

Always fun when the trolls get a bit rampy but then try keep a foot in both camps and so have to throw a bit of neg in.

Https://twitter.com/LtdTafara/status/1714306667842543912?t=03NyUsl-qpOlb-NOywc26w&s=19

I saw an interview the other day, nothing to with RRR/ALR, from an ex-Glencore executive. He said Glencore's basic model was to JV with junior partners and then operate the JV such that the JV partner defaulted and then Glencore liquidated their position

This strategy is called Loan-to-Own. The idea is that you make loans you expect the other party to default on the basis you will get the asset cheaply. Chinese companies have been doing it world wide. Kenya was negotiating about such a deal last week. A big prestigious deal and it needed more money from the Chinese.

DYOR

Take a look at Prem. Taken on $30mil ish of debt for pretty much no output and if they don't hit their target soon, Canmex take their trousers down.

Better that the ALR partners fund any working capital requirements. On the other hand if the numbers are anyway near what they appear to be why would the partners want to give up anything to anyone else? No working capital requirement is so large as to justify giving up our equity position.

DYOR

Likely by the end of the year RRR will have three income producing assets: ALR, Faso Minerals and El Limon.

Fingers crossed.

DYOR

Https://x.com/RRR_RedRock/status/1714233949461827880?s=20

DYOR

You have changed your tune Just BS.

Https://x.com/RRR_RedRock/status/1714231950460731777?s=20

DYOR

Https://x.com/RRR_RedRock/status/1714230810537009584?s=20

Several on the RRR twitter feed

https://x.com/RRR_RedRock/status/1714228370878218263?s=20

Smuts, AB, Benade and Mahendran.

DYOR

He will be in tears next week when the ALR report and presentation is out.

This is the post from Greek hovel yesterday

"Surprised no-one has considered the real possibility that Red Rock may sell the Lithium licences to an outfit with deep pockets and expertise to mine ;-)"

1. The problem with that is the price we would get relative to the NAV.

2. The NAV is now very different to what it was in the FEQ report.

3. I can't see anyone paying anywhere near what could be produced in income over three years.

4. The working capital requirement is de minis and probably only needed for say 3/4 months

5. Why would the ALR shareholders give up the licences for buttons compared to the revenue over three years?

6. I suppose, one possibility is that we decide that Tin Hill is so large that that is enough and sell the others. Again, AB has had experience of large volume mining and shipping operations with Jupiter Mines and Tshipi: Tshipi used to transport 3m+ tonnes pa. Why he would think that operating something similar in Zim is a problem, I don't know. If you look at the rail connections we can ship on rail from Masvingo or Harare to Beira.

Anyway, hopefully, we should know more later this week or next week.

DYOR

27% spread 5v4: the market doesn't want to trade. Usually means they think big news is incoming.

Https://li-africa.com/why-africa/

Interesting.

DYOR

Well that was well worth a listen.

Https://twitter.com/andrew_neal7/status/1713844430501765483?t=-iY0JwX4azFirR7XWT9XtA&s=19

DYOR

Hey Dick, how much did you lose on RGM? Go on, tells us. I promise not to laugh. Lets hope it was a bit more than a couple of grand so as to justify all this sniping and fixation. A long time to keep it going if it was only a couple of grand.

Pumpky, you have just confirmed you are uninformed.

There will be nothing to ENFORCE. $15mil is held at Gecamines and it will be paid pro-rata in line with whatever judgement is passed to it from the Arbitration process.

So if the judgement is $7.5mil goes to party A and $7.5mil goes to party B then that is what will happen. The are only two parties to the Arbitration, RRR and VUP, no one else can receive anything as part of the Arbitration process.

This should now get sorted pretty quickly because RRR has made it clear that it is not willing to agree to anything outside the Arbitration process. That being the case regardless of threats, bribes and promises there is nowhere for anyone else to go.

Fingers crossed

DYOR