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Banbury, you and the other trolls lost your money before I ever heard of RRR.

The usual nonsense, "I lost money and somebody else must be to blame, it can't be my own stupidity". The same stuff gets posted practically every board.

PS FYI shares can be both sold and bought.

DYOR

Tradedesk, I agree. That was about the trolls trying to spin and mislead. The sooner RRR feels it can put something in the public domain the better. Regardless, ALR is not just about Tin Hill.

DYOR

As I said, "This ridiculous hatred of AB and RRR is obviously driving some of the trolls crazy"

The reason resource companies procure JORC reports is to prove up the value of the resource/complete BFS/prepare for farm-ins etc.

Anyone who thinks that the size of resource in ALR/Zim is irrelevant has obviously learned nothing from 10/11 years of losing money. Cashflow is nice but 5x cashflow is better as is 10 years of income versus 5 years of income. The size of the resource largely decides everything else.

Whatever the market thought ALR had a few weeks it now has circa 8x/10x

DYOR

Doing their trolling and just making stuff up.

Any time RRR wants to flip it's 47% in ALR at cost, I am more than happy to take it and flip it on at a multiple. RRR has already said it has signed NDAs in respect of ALR. Why would companies sign NDAs for something that wasn't at least interesting?

This ridiculous hatred of AB and RRR is obviously driving some of the trolls crazy.

1. All licences have pegmatites at surface

2. All licences have been sampled

3. More licences are on the way

Whichever way you cut it ALR is worth serious money and a multiple of RRR's current MC. The market is wary and just waiting on further information.

Just hold tight trolls and keep the haemorrhid cream handy.

DYOR

Banbury you really are a bit slow.

I an not spinning it as irrelevant. As I pointed out ALR now has round 10x the acreage of Tin Hill with more licences on the way. It doesn't matter how good or bad any one particular licence is when you have 10x the acreage in total and you know all of the acreage holds pegmatites with spodumene and petalite present and you know you have good grades in all, because you have sampled them. It is arithmetical, nothing to do with how good or bad any one licence is.

If the other licences are broadly the same then ALR now has in total about 10x the spodumene and petalite present at Tin Hill. If the market thought that Tin Hill should be valued at around £4mil then it should be valuing ALR at around £40mil less a small discount because ALR needs to get the EIA certificates on the other licences. Getting the certificates in entirely procedural.

If you go back and read the RNSs, RRR stated that all the acreage contained pegmatites and had been sampled. If you go back and read the RNSs RRR thought it would have the EIA certificate in March: it got delayed.

https://www.londonstockexchange.com/news-article/RRR/eia-submitted-for-zimbabwe-lithium-mining-project/15892935

RRR thought the timing would be about a month for EIA approval and about two weeks for the EIA certificate.

That put us at late August/early September for having the EIA certificates in place for the other sites.

How you can try to spin that as negative in anyway is difficult to see.

DYOR

Well at least I am not down as much as from when you started buying it.

Banbury don't flatter yourself. Loads of other people have said that if someone else was in charge the valuation of RRR's assets would be higher going back years. My response has always been that is why you invest, because you are getting exposure to assets at a discount. That was referred to as the Andrew Bell Discount.

Suffering with Cognitive Dissonance, they then deny that is a reason for investing but the truth is that if there is a Bell discount then that makes the assets undervalued.

So in recent weeks we have had loads of posts on here about how the ALR asset (now assets) is undervalued and that is true. The market at one point valued Tin Hill at 80% of RRR's market capitalisation: ALR now has multiple lithium assets amounting to about 10x the previous acreage and yet the market has dropped the valuation. IMHO ALR is worth a multiple of the current RRR MC.

You are the one that is shameless on here.

DYOR

Indeed I do. Soon Rodney, soon..........

You are allowed to both sell and buy shares; I take it that you are aware of that?

Https://youtu.be/RiIIkQO95z4

Tradedesk, one of the reasons for holding is precisely because of the Bell discount. Who wants to invest in a company that is fully valued? The greater the Bell discount the better the results when the discount closes.

It is more than that though: if he closes DRC and recovers the readies and/or produces revenue from ALR sales then RRR removes the threat of future dilution and fully funds the current projects. In my view, some of them need to go but some money needs to be spent on them first. They are saleable without RRR spending money but not at a price close to the intrinsic value.

So if AB/RRR pulls DRC/ALR off then there are multiple drivers of value even excluding the claim against Glencore.

Fingers crossed

DYOR

Banbury, you are not very good at this winding your neck in thing are you? And your numbers are completely wrong.

Well if you made £3mil on ARB, well done. The secret is not give it all back on other deals.

The NTOG guys are crazed and bored: they have to pick fights with anyone that doesn't troll NTOG otherwise they have nothing to say. As here they just have total hatred and one of them must have been banned at least six times. He just comes with a new name and continues as before, threatening people.

In due course the trolls will be shown to be wrong here and the same on NTOG. Things always end up taking longer than they should, just the nature of business and no I am not making any comments on DRC or ALR.

DYOR

Apparently, according to Twitter, you are mates with AimTerminator and you dropped £50k on TNT: tell us more. Maybe you should stick to not investing?

PS when are going to pay up to Christies in Manchester? You know, you being a man of your word and all that?

Re Elephant Oil.

https://www.energyvoice.com/oilandgas/africa/ep-africa/518209/namibia-approves-reconafrica-well-plans-ahead-of-damara-drilling/

DYOR

Https://twitter.com/RRR_RedRock/status/1679055501076692992?t=AmTXqRBHWr5QHUpc2FI9cw&s=19

Duke, well they obviously do think it matters.

When RRR confirmed receipt of the EIA certificate it shot up 80% even though production had not started. So the market at one point thought that news worth £4mil ish. Separately, a broker report did a SOTP calculation and it included RRR's holding in ALR at £1mil ie., about £2mil gross. At the time of that report ALR did not have the EIA certificate and so the valuation was solely based on Tin Hill and that RRR expected an EIA certificate plus it had some licence applications in train.

So whatever you "think" ALR is now worth more; if that broker report is redone then purely on the same valuation methodology you would think that they come at around ten times what they said in the report: 10x the acreage, EIA certificate in place for one asset, EIA applications in train for the others and so on. I suspect that they would come out at around 15 times more.

So you now need to go back and say what should it be valued at now? Whichever way you cut it, it is more; how much more, who knows?

DYOR

Banbury, you and Duke bring a whole new level to the meaning of stupid. I can't work out if you just put it on for effect or you are really are as backward as you make out.

RRR has loads of different assets: each to them produces news at different times. I posted news on Soma. It has updated the market that it is ahead of forecast on production at El Bagre. It has already stated it will bring El Limon back into production H2 2023 and produce 3,000 oz in 2023. If it hits production constraints at El Bagre earlier than forecast it will need to bring El Limon into production earlier than forecast to maintain growth: no more than that and no less than that. https://www.somagoldcorp.com/post/soma-gold-reports-q2-gold-production-of-8-897-aueq-ounces this was from 4 days ago.

El Limon being brought back into production is good news for RRR: it has nothing to do with ALR or DRC or anything else, it is stand alone, it is not instead of it is in addition to. Soma owes RRR just under $3mil; resumption of royalty payments is good news regardless of how the trolls try to spin it.

ALR and Tin Hill. No one is running Tin Hill down but it has become less important than it was: it is entirely arithmetical. ALR now has the new licences issued and purchased licences transferred with some still outstanding. If I remember correctly Tin Hill is 51 hectares and according to the RNSs it appears that we are now at 483 hectares and will soon be over 500 hectares and close to 600 hectares.

At the end of the day with ALR what matters is the contained lithium in the acreage. If the contained lithium per hectare is broadly the same then ALR now has about ten times as much acreage with about 10 times as much lithium. For the contained lithium to just have doubled the lithium contained in the new acreage would have to be at a grade just 10% of the grade at Tin Hill.

Whether the lithium comes from Tin Hill to be sold or one of the other licences makes no difference; what matters is that we sell lithium. The attraction of Tin Hill is that it now has the EIA certificate whereas the others are a few weeks away from getting theirs. The above says nothing about grade or total contained lithium or production or sales; it just arithmetical. ALR now has a lot more lithium than it did have a few weeks ago; how much more, we don't yet know. RRR has previously confirmed in RNSs that in all the licences are pegmatites at or near surface and that it has taken samples and had them analysed.

And no I am not going to post anything on here that would get the trolls squealing about insider knowledge and all that good stuff. ALR should pretty soon have 5 licences in production; I fail to see how even you trolls can spin that as a bad thing.

And no it is not down to what I say, it is in the RNSs.

DYOR

ALR is not just Tin Hill. You will have to wait until RRR is ready to publish its presentation.

So you are admitting that you posted outright falsehoods?

Soma has stated a couple of days ago that El Limon will restart production in H2 2023 and the target production is 3,000 oz for 2023 and 12,000 for 2024. It has also acknowledged the NSR in its recent annual report and accounts.

And no $300k pa is not the be all and end all. Funny how when El Limon is not in production it demonstrates RRR's and AB's failures but when it is about to restart it is suddenly irrelevant and who cares about it anyway? All these things are about marginality. Look at the recent broker report doing a Sum of All the Parts analysis: ALR will now be valued more highly and when El Limon is brought back on line the same will apply to the royalties.

DYOR

When are you making that £1,000 payment to Christie's Hospital in Manchester, you know, you being a man of your word and all that good stuff?