Member Info for Helpful

What? Are you actually agreeing that ALR is worth decent money? Remember when you and the other trolls were telling me that I had a percentage of something that was the middle of a doughnut?

So now we have got to the stage where you have agreed that ALR is worth decent money and it matters how much RRR has, what do you reckon it is worth? Remember only your opinion and you should be flattered.....

xx

Yes or no Boring boy? Asking for your opinion, you should be flattered

So are we agreed that ALR is worth decent money and how much RRR owns matters?

Someone not in my group who I know through investing in other companies. Fairly successful at investing too! He is here for the value but doesn't like AB.

xx

Boringboy, I was chatting to another shareholder in RRR last night: he was laughing about this board. We couldn't work out if you really are this obtuse or do you just put it on for this particular username.

No one can be so spectacularly wrong all the time. Lucky you are a non-shareholder, hey?

xx

Tricky Dick is trying to imply fraud by ALR. I have read the article, interesting.

This bit was interesting:

"The Minxcon geologist reported that it was possible the Pulserate claims could contain anywhere from around 200,000 tons –– next to nothing –– to over 5.6 million tons, which would be highly lucrative."

Looks like you had a company which no exploration or geological experience jump on the lithium train and they got it wrong.

ALR has had multiple geologists on site at Tin Hill and we have had illegal miners on site too.

So ALR has two in country geologists, Ali from head office has visited, Dirk Benade has visited along with a consultant geologist from South Africa. They have visited all the sites, as confirmed in RNS.

DYOR

You trolls need to make your mind(s) up. Which is it, ALR is worth nothing and is irrelevant or it is worth a lot and relevant?

For non-shareholders you sure make a lot of noise about something you reckon is irrelevant.

Maybe you will have something else to claim is irrelevant soon and then you can move on from ALR? Could it be the penny is beginning to drop???.

You mean this inside information?

https://www.londonstockexchange.com/news-article/RRR/asset-review-and-current-developments/15865858

Read down to African Lithium Resources that is the bit that refers to ALR. In particular where it says circa 50%....

Or this inside information....

https://www.londonstockexchange.com/news-article/RRR/half-year-report/15901217

So you can take it that position is circa 50% because that is what the copy has said it is.

DYOR

Spec....

https://www.londonstockexchange.com/news-article/RRR/development-of-lithium-assets/15764444

All you have to do is read.

DYOR

Https://stockhead.com.au/resources/ground-breakers-rio-wants-to-be-a-step-ahead-as-it-sees-10x-lithium-demand-growth/

DYOR

The article is wrong. Originally it was 75/25 it is not now.

DYOR

Some nice buying on L2. We may be about to move up again.

🤞

Https://www.newsday.co.zw/theindependent/local-news/article/200016691/lse-listed-miner-pursues-lithium-deals-in-china-sa

DYOR

Boringboy, what you have just said is not true. That was and is your take on it.

1. Tin Hill is about 51 hectares

2. ALR's total acreage is now about 550 hectares from what is in the public domain

3. RRR has confirmed that other licences are in train; so total acreage should be greater.

All of that is factual. However good or bad Tin Hill is, it is less than 10% of the total acreage.

4. RRR has confirmed that all acreage was sampled before submitting the applications

5. RRR has confirmed that it is moving to EIAs on all the licenced areas

The rules in Zim changed. If you listen to the interview posted earlier, Andrew Bell states that there are or were only two approved plants to which to sell in Zim post the rule changes.

6. So the rule changes took the quick and easy local sales option off the table.

7. It was always the intention and, RRR has publicly stated it, that the local sales was short term to generate cash flow and then to start to beneficate for export and higher prices.

8. Whether sales are local or sales are for export is irrelevant to the point you are addressing.

9. The point is the discount to the DCF or NPV10 necessary to secure a sale of the assets.

10. Lets suppose that based on the grades announced today and the previous comments about the extension to depth and further pegmatites that the NPV10 for Tin Hill alone is $230 mil. What could you sell it for today? My view would be maybe $30mil, possibly $20mil for a quick sale.

11. The FEQ report addressed only Tin Hill, it did not address the other licences. So if FEQ did the same exercise across all the licences what would the NPV10 be? It would be a very large number but to sell them, we would have to accept the same or a larger discount as on Tin Hill.

12. So keeping the licences maximises the returns but involves other risks. So which is better $20mil now for Tin Hill or $200mil over 10 years?

13. The only to get it right is to use 20/20 hindsight.

DYOR

Boringboy, I don't know how you manage to do it but you do get everything wrong.

Look up Elephant's licence in Namibia. You will see that it is to the south of the western part of Recon Africa's acreage. Recon has two plays, one trends South East and is of no interest to us. The other is called the Damara Fold Belt. This trends into Elephant's acreage.

Look it up; it is characterised by "Whaleback Anticlines".

https://reconafrica.com/wp-content/uploads/ReconAfrica-Announces-an-Independent-3rd-Party-Natural-Gas-Resource-Report-for-the-Damara-Fold-Belt.pdf

If you click on the map, it shows you where the anticlines are:

22.4 TCF gas in place. Risked prospective gas resources 1.172 TCF.

The above is based on only assessing 9 structures and leaves 12 to be assessed.

Recon is looking to do a JV on its acreage and, once listed, it looks like Elephant will be doing the same.

This what I mean by reading stuff. I have read the RNSs and the actual report.

There is also a company called Sintana Energy also Canadian listed. Sintana has half a block to the west of Elephant's block in Namibia and you will see that they are positing another trend that goes from their acreage into Elephant's acreage.

https://sintanaenergy.com/wp-content/uploads/2023/09/sintana_corp_presentation_sep-23.pdf

You will see from the presentation that Elephant's block extends for 110km.

As to Benin, look up what United Oil & Gas had to say about it before they pivoted to Egypt.

DYOR

Who knows? Until it is done, it ain't done.

I am very confident that ALR will work out fine. As you know, we have been close on DRC for months. On Elephant, I think it will happen but it is a complicated process.

One thing that you won't know on Elephant is that NASDAQ has a last minute process where they vet your "book": if they don't like your book, they won't let you list. Basically, you have to go back and do it all again.

On ALR I expect that could be sold quite easily but the issue would be the discount to the NPV10. The only way to get good value out of these type of mining assets is to operate them and generate the revenue. The discount to the NPV10's are huge. Look at Prospect Resources.

With the benefit of hind sight, Prospect sold its asset very cheaply.

DYOR

DYOR

You haven't made any calls. Your posts are usually incoherent because you don't read stuff and when you do, you don't comprehend it.

Why not stick to the facts?

DRC, in your view.

Elephant, in your view.

ALR, in your view.

I find it impressive that you continue to post this sort of nonsense when today RRR has published grades for Tin Hill that are more than sufficient to meet the requirements to export. You continue to just ignore what is inconvenient.

Even if everything else RRR is worth zero, ALR is worth a multiple of the current market capitalisation.

BTW just so you understand

https://x.com/RRR_RedRock/status/1704475887775731936?s=20

DYOR

Boringboy, making stuff up again.

You need to concentrate on what matters:

1. Are the grades good enough to export directly without beneficiation? Yes or no?

2. Are the grades good enough to secure an offtake agreement? Yes or no?

Well it seems that 3%+ meets the Zimbabwe requirements about higher value exports so that is a tick in the box. It seems that there is a demand for 3%-4% spodumene as evidenced by the current price and so that it is a tick in the second box.

An offtake agreement is down to when not if and then it is, what are the terms?

When you look into all of this industries they have standard contracts for much of it. The bits that will need dealing with are: price, terms of payment, grade, volume, delivery and so on.

Likely what will happen is delivery against a Letter of Credit.

noun: letter of credit; plural noun: letters of credit

a letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

We don't want to be chasing people for non-payment in China.

DYOR

DYOR

So $1,000 is about right and a decent number to use in any modelling.

Thanks

So what do you reckon the number should be for 4%+ grade lithium ore? $800/$900?