Member Info for Helpful

Sounds dangerously close to making an investment recommendation Lomax. It almost sounds like you don't want the share price to go up because you haven't bought back in yet and therefore won't make your £300 on the turn.

Lomax you intellectual giant: make your mind up. Am I a complete and utter idiot or an investment genius? You seem to simultaneously think I am ramping the share and deramping the share.

That conversion was not mine but I know who did the conversion and I know the reasons.

I won't explain the reasoning, again.

As usual, it is case of watch this space. Eventually, everything times out. You never know, even someone with your intellect and foresight might be prompted to say, "well that was a surprise!"

No doubt even if RRR comes with good news on DRC, ALR and an other(s) you will still bleat that it is all smoke and mirrors.

DYOR

The conversion wasn't sold

This is a coming thing. African countries don't want to give up Chinese investment but want to supplement it with other sources. So they want companies other than Chinese companies investing. RRR as one of the few companies willing to invest in these countries will be given opportunities as this trend grows.

Https://northafricapost.com/70647-japan-inks-critical-mineral-deals-with-five-african-countries-to-mitigate-reliance-on-china.html

DYOR

Https://twitter.com/RRR_RedRock/status/1695035847282667962?s=20

DYOR

Banbury, how many times do you have to come out with the same BS even when you have quite clearly been corrected? I am not the one that invested in RRR ten years ago.

As I have repeatedly told you we invested for the copper/cobalt tailings in DRC and doubled down for Musonoi. The bet on DRC copper/cobalt and Musonoi was a good one: as evidenced by Glencore buying the assets for $420mil. Note that Glencore must have thought they had a good deal, probably for similar reasons to the ones I was posting on here at the time but you and your fellow geniuses tried to pooh pooh.

Ten years ago I didn't even know that Red Rock Resources existed.

So why not concentrate on reality. I will make good money on Elephant, I will make good money on ALR, I will make good money on Burkino Faso and I will make good money on RRR.

So you just continue worrying about your losses from ten years ago and I will continue to wait in eager anticipation. I note that out of all of them, the greatest upside looks to be in ALR at the moment but things can change.

Just so you know Banbury old bean, I have lots of other investments that have major upside imbedded in them but they are mostly private and/or cash shells or pre-IPOs and so you don't get to hear about them. Oil, phosphate, tyre technology, ID technology, shipping technology etc: all the same model, restricted downside and uncapped upside.

xx

Https://www.theanchor.co.zw/red-rock-in-negotiations-for-lithium-export-sales-through-zim-subsidiary/

DYOR

So, other news we are waiting on....

The licences (2) in Kenya are up for renewal: we should be hearing shortly on that. Once renewed RRR can crack on with doing something on the tailings and a JV for the main asset.

Victoria, probably an update on the forward plans for drilling and listing. Some licence applications still outstanding.

Updates on Burkino Faso and Cote d'ivoire. There is at least one more licence in Cote d'ivoire we are waiting to hear on.

I expect we will hear from Soma Gold shortly about the restart of the El Limon mill (as they have flagged) and then we can make some assumptions about royalty payments.

On Zim we are still waiting on some licence applications being granted.

As always, there is room for some left field action from RRR.

DYOR

Https://twitter.com/Ole_S_Hansen/status/1695003832177066201?s=20

DYOR

A bit rampy Justy. The deramp police will be after you.....

In your opinion.

Https://www.aljazeera.com/news/2023/8/24/voting-extends-into-second-day-in-zimbabwe-after-multiple-delays

Bed and ISA but yeah.

I think you will find that they both rush past without stopping.

As I said, bandwidth. He is meeting himself coming around the corner at the moment.

Well as has been indicated, the next step is bulk samples from Tin Hill.

Secondly, the geologists will need to write up their reports post the site visits and after reviewing the previous sample results.

Email AB or call him. The contact number is at the bottom of all of the RNSs.

Thanks

Trade. The reason for the minimal PR is that AB doesn't want to attract attention locally from illegal miners and others who might try to deprive us of our assets. Once the election is out of the way more will likely be put in the public domain.

https://news.sky.com/story/zimbabwe-elections-polls-open-as-opposition-leader-nelson-chamisa-takes-on-emmerson-mnangagwa-in-bid-to-break-governing-partys-43-year-rule-12945548

The other is DRC, it just takes up so much bandwidth. Once it is sorted then things will become easier.

DYOR

Trade: JB, Vector, Winmar, Force4. His partner was John Boardman. Boardman was an interesting chap.

Dunning-Kruger effect.

What if the reason for the conversion is to secure the price for the warrants?

What if the reason for the conversion is to gain further exposure indirectly to ALR?

Have you worked out what the current implied price is for ALR using RRR's SP/MC?

If, a word indicating conditionality, the implied valuation of ALR is zero in RRR's SP/MC then converting and locking in the warrant price is good business.

What is ALR worth? Well it is certainly not zero but something higher. The last money was put in some time ago. Since then Tin Hill is permitted, new licences granted/transferred, EIA process started on the other licences and after close inspection Tin Hill appears to several times larger than originally thought. So what is it worth?

Converting at about a£4mil valuation ie., about $5.2mil looks to be good business if you want to increase exposure to ALR. The FEQ report from January 2023 valued ALR at $39.2mil gross: £19.6mil net unrisked and $12.8mil risked to RRR. If the news from ALR is correct that valuation is now incorrect and is a minimum of four times out and possibly 12x out.

As long as the work continues and the current lithium price holds then ALR will continue to increase in value as the work programme is completed: EMPs, EIAs, EIA certificates, permit to sell etc.

NB Beaconing is required for the EIA not the EMP. This means that they have already taken the first steps on at least some of the other licences. You don't go to the EIA until the EMP has been signed off.

All in all, ALR looks very good. Talking to the Chinese about off take agreements is a two edged sword. Prospect was talking to Chinese companies about finance and ended up with its project being taken over.

DYOR