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Https://www.rrrplc.com/wp-content/uploads/2023/01/FEQ-Red-Rock-Resources-19-01-23-Buy-Note.pdf

DYOR

Lomax you are a funny little socialist and you have just made me laugh out loud.

1. My investment into ALR was into ALR shares not RRR shares.

2. What happens to the RRR share price has no effect on the value of my ALR holding

3. What does affect the value of my holding is, the lithium price, lithium ore in place, grades, production plans, new licences, JVs, offtake agreements etc

On no planet is my investment worth less now than when I put the money in: at that time ALR had Tin Hill and no further licences, no EMP, no EIA, no EIA certificate and so on.

I reckon even on a bad day, I am a minimum of 10x.

I also have shares/CLNs/warrants in RRR and so I have more than one bite of ALR.

Funny. You should stick to worrying about your next £300 trade.

xx

I have no idea Amadan, except that I know it is more than the market currently values ALR at.

Trade, hopefully. As always until it is done, it ain't done.

Gawd another one that gets everything wrong.

I am not a Tory or a tory: I am much worse to your socialist mind, I am a libertarian.

Anyone from Salford is not a Manc.

We are very happy with ALR. RRR, just waiting on the final bit of paperwork from DRC and then we will be happy there. The fun one will be Glencore though. I know you don't have a memory but Glencore paid $420mil for the assets stolen from us.

On ALR we should have some more licences through soon, so cheer up!

DYOR

The biggest issue I have with ALR is that RRR/AB will want to sell out too soon. I fear that if a half decent offer comes in he will want to take it and not wait very decent offer.

I suggest you just sit there getting all sweaty over the prospect of making £300 and leave to my decent numbers.

Trade, why not ask me some hard questions?

The big issues are transportation theory, site management and engineering.

There is no reason in principle why the volume of monthly production at Tin Hill could not be greater but that brings in lots of other issues: more than one production train (look at the other sites run by other companies), more capital equipment, more capex, more staff, more transport movements and so on.

The original plan was to keep it low volume, simple, low CAPEX. To execute that plan we didn't need a specialist contract miner. Now it looks like they have made the decision to step it up, new skills are required. Hence, Dirk Benade and the potential JV partner.

IMHO operational delivery is not an AB skill set, he doesn't have the bandwidth given what else is going on and it cannot be done remotely from London. Then multiply that out over several sites and really RRR/AB cannot get that up and running from London.

Lithium prices have been a bit all over the place and have been trending down.

https://tradingeconomics.com/commodity/lithium

https://www.metal.com/Lithium/201906260003

What price you would get as part of a long term offtake deal is another matter.

I don't know but I understand that the local Zim price for 2% spodumene sold into an APP is now $100/$150 pt and I understand that 4.5% sold into export is around $1,500 pt. Getting to SC6 is more complex and expensive but the price is better. This is the crux, keep it simple, low risk but lower price or move up the value chain and take on more risk and more complexity?

If ALR ends up with an APP (the RNS from Friday says pretty much that they will) then we can buy in unprocessed product from other miners, process it and then sell it into the export market. Another revenue stream but more complexity introduced.

If you look at recent RNSs, Tin Hill is 51 hectares and we have other larger licences. I suspect what will happen is the first one is brought into production and then the next and so on. The initial planning will incorporate planning for greater capacity at each site.

Really, RRR/ALR needs to put out its plans but that probably won't be until they have concluded this potential JV deal.

Dirk Benade should be able to do all the planning for this standing on his head. If he is doing the planning is he going to plan to separate out spodumene, petalite, lepidolite, tantalite, beryllium and the tin? Marula were separating out the spodumene and petalite; stockpiling the petalite for later processing and sale.

DYOR

Glasgow not the country: run by your National Socialist mates.

Lomax, in case you missed this re Glasgow

https://twitter.com/afneil/status/1693199081223422225?s=20

Maybe your wisdom and insight is needed a bit closer to home, you know you being a good socialist and all?

Https://www.londonstockexchange.com/news-article/RRR/lithium-update-zimbabwe/16090393

DYOR

Are you not capable of reading anything and retaining information for more than a few seconds?

Did you not read the RNS from Friday? Do I need to repost it for you?

Any reasonable person would have taken from the Friday RNS that ALR is on with things and making progress.

No Lomax, got it wrong again.

Where I post links, articles and other information I post DYOR: Do your own research.

When I am merely pointing out how you are trying to manipulate this BB and the SP so you can get a lower buy in price there is no need for DYOR.

Maybe the point is wasted on you.

xx

So Trickydummy, if you read the article you might get to this bit.

"As far as lithium is concerned, the Chinese presence is reinforced by the fact that three Chinese companies have acquired shares in lithium mines in Zimbabwe, within the purview of Beijing's policy of diversifying the supply of this mineral, especially now that China has the world's largest electric vehicle market. China is present at full strength in the mineral sector in the DRC, especially when it comes to the production of cobalt and lithium."

I know it pains you because you just can't get over RGM but ALR is in a very hot space and it is worth serious money; especially compared to RRR's market capitalisation.

DYOR

Lomax, good luck with the lower buy in price and the 15% turn.

You concentrate on getting sweaty over a quick £300 and I will concentrate on proper numbers.

Worked out what ALR is likely going to be worth yet?

xx

Trickydummy, it is a link from Twitter. The article it links to uses a brine picture. If you read the article you will see that nowhere does it mention brine. It does discuss hard rock lithium in Zim, Namibia and DRC.

Interestingly, it does indicate that DRC could be the largest lithium supplier.

Reading is a help: you should try it. Restricting yourself to pictures won't help as much as reading.

DYOR

On the nail.

Someone was going about Glencore and lithium about a week ago. What would be thin gruel for Glencore would be a feast beyond compare for RRR.

Tin Hill is a relatively small site: some of the other sites are much bigger.

Remember RRR/ALR has not put its resource estimate or its grades in the public domain yet. The potential JV partner must know the grades and have a good idea about the resource in place otherwise they wouldn't be talking.

DYOR

Https://twitter.com/Accionista16/status/1693145637749920106?s=20

DYOR

Still trying to get your lower buy in price Lomax?

Tricky is another one. Never lost money in RRR because he never invested in RRR but did lose money in RGM. So years later here he is chipping in on RRR, why? Because he knows anything about RRR? No, because he lost money a long time ago on RGM and can't get over it.

Sad. You need help mate. The way it works is, we all make mistakes. Take your losses and move on. I find it amazing that investors who lose money feel that they should be treated as experts.

Someone has been over-dosing this morning.

Bratt, yes: shares, CLNs and warrants. The trolls mostly no. They lost money years ago and haven't got over the butt hurt. Some didn't even lose money in RRR but in RGM. They just hate AB.

DYOR

Anyway, a good sign that the Friday RNS went down well is the trolls getting all exercised over it.

Maybe they are worried that their no 1 hate figure is going to come up smelling of roses?

Zumore is particularly bitter because he lost money over at RGM.

Down to valuation on a deal for Zim. The potential partner will be able to form a view on what we have pretty quickly. It might be an interesting week coming up, one way or another. I suspect AB would want to release some cash for RRR from Zim and reduce RRR's position (that would be the wrong decision in my book).

DYOR