Member Info for Helpful

Https://www.bloomberg.com/news/articles/2023-09-26/congo-plans-new-copper-cobalt-smelter-to-serve-informal-miners?leadSource=uverify%20wall

DRC

Https://www.herald.co.zw/lithium-firms-form-association/amp/

https://www.zimlive.com/road-construction-workers-stumble-on-huge-lithium-deposits/

DYOR

You are a funny little individual. Have you considered you might need help. I post a link for something relevant to RRR and you have a thrombo.... it is not a good reaction.

It is news that relates to a company where RRR is interested, why should it not be posted?

I offered no comment but since you want to make a big deal of it:

1. Juno has appointed Argonaut to secure a JV partner for Mt Ida.

2. https://www.argonaut.com/

3. RRR is due two lump sum payments

4. $4mil on decision to commence commercial mining

5. $4mil on commencement of commercial mining

RRR will then have a 0.75% royalty on at least 1.85bn tonnes of magnetite. Note that Jupiter stopped drilling the magnetite because it was already far more than needed to justify commercialisation. Likely that the final resource will be in excess of 1.85bn tonnes.

For both the Mt Mason and Mt Ida project to go ahead, Juno needs to put the Yundagga Rail siding in place.

https://www.junominerals.com.au/cproot/1133/3/20230922-2%20Non-Renounceable%20Entitlement%20Offer%20-%20BL%20draft%2022-09-2023.pdf

https://company-announcements.afr.com/asx/jno/79af6719-0e05-11ed-92b7-5240cae7dfd4.pdf

As always, fingers crossed. Lets hope that Juno raises the money it needs.

PS if I post something that says today is Monday will you have another thrombo and start arguing that it is not Monday or it is the wrong type of Monday?

Off for a walk now. You have a very good day.

DYOR

Https://www.junominerals.com.au/cproot/1132/3/20230922-1%20Juno%20Minerals%20Investor%20Presentation%20ASX.pdf

See the bits relating to My Ida.

DYOR

Https://www.ga.gov.au/education/classroom-resources/minerals-energy/australian-mineral-facts

DYOR

Https://twitter.com/TereaAfrica007/status/1705950845026611650?t=QIEWLXLgz2FLeiqvwKvp7w&s=19

Https://twitter.com/ElanderNews/status/1705513703100100816?t=458eywNQu1mqiNwqwJiSeA&s=19

This might be of interest.

This explains why people cannot remember things sufficiently well to thread them together to form a coherent whole.

https://www.tutor2u.net/psychology/reference/capacity-of-short-term-memory

RRR as business has so many strands and assets that people are unable to see the whole. No I didn't mis-spell "hole".

DYOR

PS Boring

RRR didn't give away anything. People like you were saying Zim was a waste of money and stupidity. We put up the cash, knowing there was risk and we did so before Zim was as hot as it is now.

It is the way it goes, you take risks and sometimes it works and sometimes it doesn't. So far in Zim it looks like it works. There have been issues along the way but that is part and parcel of what happens.

Maybe you should have kept your £2k in the building society? Maybe high risk, early stage exploration plays are not for you?

xx

BoringBoy, how do you manage to do it every time? Is it deliberate?

1. I didn't say it was worth $50-$100mil. It was in response to your bleat that your interest should be protected and ALR not sold cheaply.

2. You refused or were unable to give any idea of what number would be "protecting your interests."

3. I gave you my personal calculus for how different amounts affected decision-making.

4. I don't think anyone is going to offer to buy ALR for between $50m and $100mil now.

What you should concentrate on is, that for a bit of management time, RRR has created something worth decent money for not very much cash and a bit of risk.

As with all smaller companies, there are value inflection points, in ALR's case they are as follows:

1. signed offtake agreement for Tin Hill

2. Contract mining/JV agreement

3. Start of shipping.

4. EIAs for the other licences.

5. Estimates of resource in place at Tin Hill and/or the other licences.

Once that is done, then ALR is worth some seriously decent money.

What RRR tried to do with NBGC/RRAL it has managed to do with ALR for less cash and less risk. Having said that we are due a detailed update from NBGC/RRAL, see the RNS https://www.londonstockexchange.com/news-article/RRR/victoria-goldfields-berringa-drilling-results/15946351

They were drilling to prove their 3D model up. They should now be able to update the 3D model and give us a better idea of what might be at Berringa.

DYOR

PS now the surety of costs blocking option has been removed it makes it more likely that the Slovenians will look to do a deal prior to court.

Doesn't mean that a deal can be done though.

DYOR

Boringboy, more evidence that either you don't read anything or you do but understand nothing.

You have agreed that ALR is worth serious money, I asked what you thought that "serious money" would be but you are unable to answer. You were then worried that ALR would be sold too cheaply to the disadvantage of RRR shareholders and asked that I protect the RRR's shareholders position. To protect "your position" (I doubt that you are shareholder), I would need to know your calculus for what protecting your position would be. I gave you my calculus and now you are pooh-poohing the numbers.

So again, what is it? What is your number for ALR? To protect your position, what number should ALR be sold for? How can anyone determine if your position is being undercut unless you can put a number on it?

This has nothing to do with who is right and who is wrong, it is how someone sees things. I have sold shares in a company at 8p and then weeks later some at at 22p. What changed in between, nothing!

Anyway, enough for today BoringBoy, I think we have adequately your lack of a thought process.

Have a good day..

PS it has nothing to do with the sample bags. Go back and read the FEQ report and plug the new numbers in: lets see if you can work out what the difference is.

xx

My calculus BoringBoy, what about yours?

ALR has multiple licences at different sites across Zim. It has already said that it intends to secure EIAs for each of them and then it has said it has other licences in train. No point in securing EIAs unless there is lithium there and you intend start production.

So it is multiple sites.

DYOR

Unimaginative,

as pointed several times over a few months by another poster: one way for the Slovenians to defeat AST's case is to ask for surety of costs. When AST failed to come up with the surety then the Slovenia would ask the court to dismiss the case.

That risk has now been taken away because the ATE Insurance will bond the surety.

You can only get the ATE Insurance when your final case has been submitted to the court, which AST did in July. Obviously, based on what they have seen, the insurer has accepted the risk.

IMHO very good news for AST: it means a bunch of people have looked at the case and think it has merit. It doesn't mean that AST will win but it does give a degree of reassurance.

DYOR

Oh and although this is a variation on one of the below: it could decide to IPO and raise pre-IPO funding.

DYOR & xx

I hate to tell you this but again this is evidence of your inability to think things through. You have accepted that ALR is worth serious money. None of your last post relates to what you think that "serious money" might be.

Again, about cash for ALR if you read the FEQ January 2023 report it was positing capex of $500k: I know you know this because you read everything and double check everything.

ALR has a number of ways forward for any funding requirement:

1. It can ask existing shareholders for funds

2. It can bring in new investors

3. It can JV

4. It can sign an offtake agreement; offtake agreements normally involve an element of forward funding (see Premier African)

5. It can sign an offtake agreement and borrow against future cashflow.

6. It can sign a contract mining agreement where the contract miner funds the capex.

7. It could operate Tin Hill and JV the others and release some cash for Tin Hill that way.

I know you know all of this because you are such an expert investors.

So again, what is your view on valuation, sales price, worth?

DYOR & xx don't be shy about what you think ALR is worth....

Very good news.

ATE insurance means another party has looked at the claim and taken a favourable view.

DYOR

No kisses means I have not posted a link with something factual etc so no need for DYOR as I have previously told you.

The kisses are because although your lack of understanding is perplexing our fun exchanges are just that fun, you know what I mean.

So now you have admitted that ALR is worth decent money, you can't have it both ways, that it is worth nothing whilst at the same time accepting it is worth decent money. Again, what is your opinion? You claim you want me to protect your position (but that only would be relevant if you are a shareholder) yet at the same time have no view on what it is worth. How is it possible to protect your position of you have no idea on what it is worth?

As I explained to you about NPV10 calculations and the discount necessary to secure a sale, what it can be sold for is not what it is "worth".

So to "protect your position" what should we accept as a sale price? $10mil/$20mil and so on....

The big issue for me is that the only way to get full value is to keep the asset, operate it and sell the resultant product. The problem with that is that it involves accepting other risks.

So to see the way forward you need a calculus in mind about what price now is better than operating it for maybe 15 years.

Since you are reluctant to properly admit what you think it is worth, my calculus is as follows:

1. New investor/new money/JV: below $20mil pre-money valuation, no.

2. Sell the assets: below $50mil, no.

3. Sell the assets; between $50mil and $100mil, maybe

A 4th option which you might not have considered is as follows:

now that we know Tin Hill is materially greater than first supposed, keep that asset, operate it and bank the cashflow; JV the other licences (granted and in train).

Operating across maybe seven sites is a big ask and probably beyond ALR/RRR's current management teams.

DYOR & xx

So as you have admitted that ALR has serious value, you must have a number in mind? $10mil/$20mil/$30mil or is it more?

For instance, as far as we know, Tin Hill is the only permitted site in Zim, what difference to the value will getting the other sites permitted make? Does it add $5mil/$10mil and so on.

For instance, if Tin Hill at 51 hectares is worth say $30mil, how much value is added by another 500+ hectares of permitted land?

Go on, don't be shy, all the boys and girls want to hear your informed opinion.

xx

For instance, how far out do you reckon the FEQ report from January 2023 was then and is now?

xx