Member Info for Helpful

One of our friends in Zimbabwe. Interesting to keep an eye on what they are doing.

https://www.londonstockexchange.com/news-article/PREM/zulu-lithium-update/15896469

"Premier has received a number of requests from other mining companies already well established in Zimbabwe to discuss our intentions in regard to the future of Zulu for either future offtake and/or direct equity investment into Zulu"

Obviously, PAML is trying to beneficiate to a higher grade than ALR but the RNSs show that the extra complexity in doing so makes it a harder job. So whilst we might get a better price for a higher grade, it becomes a much more difficult job than just beneficiating to 4.5% and selling in the export market.

"We expect to produce spodumene, a lepidolite mica rich concentrate and a tantalum rich concentrate late this week "

Most likely we have tantalum at Tin Hill as well.

DYOR

Hey Genius, the cherry picked ones happen to be the recent ones. No cherry picking involved. Anyone who has done the recent Spartan IPOs will be happy. Plus, oil & gas is still very popular.

Further Genius, the ones from a while back would have been known to potential investors in the recent IPOs but they still managed to get them away. Maybe, they take a different view to you? We can't all be a Genius though, can we?

In rank order in terms of importance: get the nod from the SEC, fill the book, get the nod from NASDAQ, close the book, list, 3 week quiet period and then Elephant can tell people about stuff that the SEC won't let them put in the IPO document.

DYOR

Sad.

https://twitter.com/DunagunKaiser/status/1645573281951682560?s=20

DYOR

Nonsense
Check out
BANL
HKIT
YGF

As opposed to EF Hutton
HLP
CHSN

RRR has no input on anything Elephant does or when. Hopefully, Elephant gets the nod today. Fingers very crossed.

Another one by Spartan, Trio Petroleum, should list next week. Ingresselli is a common factor. https://www.iposcoop.com/ipo/29777/

https://www.sec.gov/edgar/browse/?CIK=0001898766

DYOR

https://youtu.be/VJGSB3r1Cds

DYOR

https://goldprice.org/

DYOR

https://twitter.com/RRR_RedRock/status/1645768164309975043?s=20

DYOR

"ALR has a spread of interests both in the Arcturus and Bikita areas and elsewhere"

DYOR

Z as always making stuff up.

https://www.londonstockexchange.com/news-article/RRR/development-of-lithium-assets/15764444

"Our local partners and staff at ALR have in the past brought small mineral deposits into test production in Zimbabwe, and this local knowledge complements our existing expertise as we accelerate progress on this project"

"We plan initially to exploit the top 10 metres of the pegmatite, selectively mining for saleable grade as we build experience."

Initially....

"ALR will be moving into small-scale trial production without having carried out extensive drilling or produced a full feasibility study"

So, the plan is to mine the top ten metres to generate cashflow and do a drilling programme on the deeper ore. Initially, we want enough cashflow to fund installation of plant to upgrade to 4.5% beneficiation and fund a drilling programme. Subsequently, we want to the same at Beatrice and the other licences we are about to be granted.

That doesn't sound too small.

DYOR

Z I see that you are still your usual pleasant self!

Gloat means something different from what you think it does.

The argument from you, Tragic and others was "I invested years ago and lost money and so no one should make money now."

What you never pointed out was that, at the time you invested, you and a few similar types where the top rampers. At the time Andrew Bell was a super-hero and then the cycle in the metals bull market changed and it was all AB's fault. Obviously, people don't like having their failings pointed out but the last time to be selling everything you have and putting it into Red Rock is at the top of a bull market where the company concerned has been on a huge run up.

I am not a social worker or a night nurse. We all make mistakes, why you think everyone else should feel for your pain is beyond me.

The time to buy assets is when no one else wants them. I do this on a regular basis. I put money into Zimbabwe precisely because no sane person would. Same with Burkina Faso.

BTW it looks pretty good on Zim: the illegal miners built a 2km access road that would cost us about $100k to do. Now we have it as a freebie.

AB has plenty of faults but you lot never go on about his actual faults rather than his imagined ones.

Anyway, "Soon Rodney, Soon".

DYOR

No idea but we have gone from no deal possible to a half decent deal on part of the claim. Something has changed. Maybe they can do a deal on the rest of the claim?

Also AST should have monthly income from here on in.

The licence is up for renewal in November, maybe that is concentrating minds

DYOR

And you might need a lie down too.

Duke, you might need a lie down

He did a small raise the other day

TheeDuke, I can't help it if you can't or won't read.

Read Soma's Twitter page with its updates over the last week.
Read Juno Minerals half yearly report from a few weeks ago
Whatever RRR's gold assets were worth a few months ago, they are worth more now.
Elephant hopefully gets the nod from the SEC next week.
ALR should get the EIA nod sometime next week or early the week after (I don't know if Easter causes a delay). Bringing ALR into production has been funded.
NBGC/RRAL likely has the assay results back now but needs to integrate into the model before they RNS. Once that is in the public domain they get on with the IPO and pre-IPO funding. Decent results and gold above $2k makes that an easier deal to do. So I expect an update RNS by the end of next week.
The new government nationally and locally in Kenya is pro-business. AB spent time with them all, what do you think he was chatting about? The only reason Macalder has not been brought into production or flipped was the history of animosity between the local government and Mid Migori Mining (the root of the dispute), Macalder has around $230mil of metal in place (JORC 2008 resource).
In my humble opinion (obviously vastly more humble than your august opinion) DRC is very, very close. But it ain't done till it is done.

DYOR

https://twitter.com/Sprott/status/1643982160502874116?s=20

Yep.

Shortly we should have:
production from ALR - circa $400k pm to RRR
The DRC cash - $7.5mil
Elephant listed - $2mil
Maybe Macalder flipped - $3mil
A bit further on
NBGC/RRAL listed maybe - $4mil
Soma has been getting all excited in the last few days. Maybe they will look to restart production at El Limon or even just processing.

Once that cash starts coming in things will look a lot different.

DYOR

Correlation is not causation.

Little Kimi, I said RRR historically sees itself as a gold company. Andrew Bell said as much in an interview about NBGC/RRAL a few weeks back.