Member Info for Helpful

Https://www.thetimes.co.uk/article/the-white-gold-rush-how-lithium-became-our-most-precious-metal-5cg3dqc8r

Dukey,

1. The rules were changed some time ago and have been discussed on here and AB has discussed them too.

2. We have also discussed the pricing differential quite explicitly.

3. Internal market for 2% is $200/$250 a tonne.

4. The plan was to sell locally at 2% before beneficiating to 4.5% for export. Pricing at 4.5% is about $3,000 tonne.

5. The rule requiring 4.5% grade for export was changed a few weeks ago to 3%. Pricing for 3% is about $1,000/$1,500 tonne.

6. The 6% royalty came into effect in January.

7. The above is why Zim does not like illegal miners or little bit..

DYOR

So that funds can be distributed to the shareholders.

The choice is find a deal or get suspended or wind up and distribute funds.

If it just sits and does nothing, the running costs will burn through the cash pretty quickly. Failed attempted deals are pretty expensive and it will be delisted.

Doing a quick deal that is available with AST probably looks fairly attractive but the Amur directors will need to jump through hoops so they can say that the looked at alternatives and this is the best course of action.

DYOR

Cost of the transaction to wind up Amur and distribute funds.

Https://twitter.com/robert_ivanhoe/status/1666151568876666880?t=FnemOXoZ6xW042hJXEG5EQ&s=19

Do you have to set up a new email address and IP address each time you register with a new user name?

Steely you really need to do something about these outbreaks of sweetness. I suspect admin has tired of banning you by now; how many times have been banned? Six, seven, eight? Just keep clear of the hate speech and you should be ok this time around.

xx

Https://www.share-talk.co.uk/announcements/rns/premier-african-minerals-ltd/offtake-and-prepayment-agreement/33551910

Shows the issues with taking on debt to move up the lithium value chain. KISS.

In Australia they call this loan to own.

DYOR

Sparky, you were told point blank by Bell yesterday that the licence is in ALR's name and that there is no dispute about who has the license. Illegal mining is not the same as a dispute about the licence.

A stop has been put to the illegal mining.

Watch this space.

DYOR

Kurt, you have been told directly by Bell that your assertion is a lie: why do you persist with the lie?

Sparky, no rejoinder about your multiple claims about problems with the license? You do realise people can see your posting history? Are you going to retract your deliberate falsehoods about the ALR licence at Tiin Hill? Or is just changing the subject good enough?

Bottom line, there is no issue with the ALR licence; our people are on site and we just await the EIA certificate.

I look forward to banking some serious money in due course.

DYOR

Https://twitter.com/RRR_RedRock/status/1665709904219320320?t=xfaMZSf6iixYx2XgD1tbzA&s=19

Justbe,

I have said explicitly that this should be regarded as a super shell. I explained it to Yutani recently.

We go through cycles where companies would rather do a deal with a listed company with production and reserves rather than drill. We have been in that market for a while and transactions are starting to go through. Drilling in Texas has become very expensive and for a lot of companies they will see NTOG as cheap plus they get listed. NTOG's carried forward losses also have a value.

Pity about that last Gregory well not completing properly but it is what it is.

DYOR

Temper, temper... don't forget your meds.

You will be getting yourself banned again and that is no fun.

What is it with RRR that we have this constant stream of non-shareholders trying to deramp the share price and lodge dis-information?

ALR will not produce any sales this year while the licenses are in dispute.

I expect sales this week and the licence is not in dispute. If there was a dispute about the licence then we wouldn't get the EMP and the EIA. Illegal mining is not the same as a dispute about ownership of the licence.

DRC claim is dead now the other sides lawyer is a minister in the government

Who says? Where is your evidence? You don't have any.

AB will keep diluting shareholder to pay the board for failure imo

Who knows? Certainly not you.

DYOR

BBB, didn't you say you were going to wind your neck in?

And how must did you lose Dukey?

I doubt I will lose anything here. I reckon I will do very well on Elephant, ALR, Burkino Faso and RRR.

The thing with RRR is that it has lots of strands, they cost money and there are too many strands. RRR will exit from the more marginal assets in due course and concentrate on the more important assets. I expect we will hear a lot more on lithium for the rest of this year. ALR on its own is worth a high multiple of RRR's current MC.

DYOR

PS that was before it had been confirmed that Musonoi had been fraudulently sold to Glencore for $420mil. There is still no way to get that situation resolved without AB's involvement. Secondly, we did take action and removed a board member. My current view is that the current board is not much use and doesn't bring much to the table.

AB has been great at identifying deals and negotiating terms but the follow through has been lacking, partly because of minimal capital and partly because of lack of senior staff. The lithium story is now the major story for RRR.

Anyway, if ALR gets its first sales next week, EOC lists in two weeks, NBGC gets sold or a deal done and progress is finally made in DRC then all if forgiven.

In business things change: stick to your National Savings.

DYOR

No, you think I am stranded in RRR.

This you merely further demonstrating your lack of understanding.

And unlike you I and we have significant capital to deploy.

Things always take longer than anyone would like but ALR should be making sales very shortly. Ideally it would have been February but it is what it is. The nature of these investments is risk. Maybe you should stick to the Building Society and National Savings?

DYOR

BBB,

Do the numbers, the revenues from ALR that will mostly be distributed are huge. ALR does not need much working capital.

What RRR does with its share of the revenue is a separate matter but it is way beyond anything that RRR needs to monetise its existing assets.

DYOR