Member Info for Helpful

Yeah ok. Is that why I keep getting accused of trying to distract from the DRC cash?

Lomax, if you reckon that DRC is a cesspit and that RRR should forget about it and the money, why do you keep going on about it?

The point about Ivanhoe's timeline is that it shows stellar results can be had, same with Glencore and others. If you are a mining company and you want high value licences in copper and cobalt then you need to be in DRC. Similarly, with lithium in the South East: it appears that there are huge deposits of lithium in the South East. I know of one gold project where there is probably 27mil oz of gold (Adidi-Kanga), there is a JORC for about 3.6mil oz. That is the one that Jason Brewer and Vector Resources made a dog's dinner of in their JV with Guy Robert Lukama.

Very decent licences are to be had in DRC and it is difficult to operate in but likely it is slowly improving. For instance, the first Presidential Arbitration was settled a couple of weeks ago.

DYOR

Lomax, you can do better than that. It is information, read it or don't.

It gives the timeline of Ivanhoe's MC and its activities in DRC. Ivanhoe went from not very much to quite considerable pretty quickly. Same would have happened with RRR and the Musonoi licence plus the two others.

Licences in DRC can make a huge difference. RRR took Musonoi on the basis that there was at least 400k tonnes of copper there and 24k tonnes of cobalt. That licence and the two others were stolen from RRR.

DYOR

Https://twitter.com/PaulRenken/status/1681947856528105473?t=pfdcLs7n5xyeO7_bzrvlsg&s=19

DYOR

Hi Dukey,

can you confirm if you have sent that money over to Christie's Hospital in Manchester yet. You know, you being a man of your word and all that...

Shouldn't you be trolling Regency Mines?

Banbury, "educated" funny!

No Soma is just what about what Soma put and emphasised a couple of days ago. Weren't you the one that said that El Limon is de minimis (means small).

Unlike you, I don't have an agenda, I just post stuff that is relevant to RRR.

https://twitter.com/SomaGoldCorp/status/1680945109393891328?s=20

DYOR

Https://www.bloomberg.com/news/articles/2023-07-18/uae-delegation-signs-1-9-billion-mining-partnership-with-congo-in-kinshasa?leadSource=uverify%20wall

Soma owes just under $3mil to RRR due to be repaid via royalties on the EL Limon mine. Soma has stated it will bring El Limon back into production this year and given a forecast for the production: all highly relevant to RRR.

Banbury,

I don't tip, I analyse. Except for Musonoi being stolen RRR would returned several times over already.

xx

Banbury, back to reading class.

I got involved with RRR for DRC, I didn't know RRR existed ten years ago. You have mixed up you losing money for ten years with me not losing money for ten years.

And it is not gushing, it is analysis. The reason I am involved with companies others don't like is because I want companies that people don't like: that is where the money is. If RRR had been fully valued there would be no point in investing here. Trolls like you trolling 24/7 for ten years create the market opportunity.

xx

Some of this missed off for some reason..

on pre-money

Looks like it. The CEO is ex-Mining Minister in Ecuador; he did an impressive interview a few weeks back.

Unfortunately not.

I will explain as I have to others.

What I want is assymetric returns: capped downside and uncapped upside. Ideally, I want good assets that are seriously undervalued: management, sector, themes, business cycle.

The best companies are ones which no one else will touch with a barge pole but have good assets. And then you wait.

RRR would have already been spectacular if Musonoi hadn't been stolen.

There is no point in investing into fully valued "good" companies; the returns aren't there.

The reason we did ALR is because no one in their right mind would. A bunch of lithium licences in Zimbabwe with good grades on pre-money

Are you even a shareholder?

Https://twitter.com/SomaGoldCorp/status/1680945109393891328?t=Xb3nEBgiq2Is9pgVy38j6Q&s=19

How many times do you need the same point explained?

ALR is a business, it is not one licence/site.

It now has multiple licences/sites. Having multiple licences is good. In due course, ALR will secure EIAs for each of them.

It will soon have more licences.

RRR will put out an RNS when it is ready.

No, I am not going to give you more information on Tin Hill. You will just have to wait.

DYOR

Banbury,

not backpedaling on anything.

Read the RNSs and then look up where Bikita and Arcturus are.

Masvingo is about an hour from Harare.

DYOR

No backpedaling, you just can't read.

ALR now has 10x the acreage with pegmatites at surface and all sampled before acquisition or application. Likely ALR now has 8/10x spodumene/petalite in place.

Only someone with an agenda can make that out to be a negative.

How many times do you need the same thing explaining?

DYOR