Member Info for Helpful

https://twitter.com/mjkcongo/status/1623203683809779714?t=oo6m72FohiJ5UX_VvEusJQ&s=19

DYOR

https://twitter.com/Ole_S_Hansen/status/1623230410040700930?t=trjjNLy-w3L0-rnyXtRMXw&s=19

As to the worth £xxx bit, we can each do our calculations but RRR will need to formally appoint someone called an "expert witness". That is the person or entity that will advise RRR as to the quantum of the claim and be able to support that quantum in court whilst subject to cross examination.

RRR has not appointed an expert witness yet, they cost money: again, I don't know but in the order of £100k/£200k is what I would expect. The process would be; finish in DRC, get the ducks in a row to be able to approach a specialist litigator, discuss the case and as part of that who the expert witness should be, agree that the litigators will take the case and then after that the expert witness gets appointed. Each of the litigators will have their favourite expert witnesses who they like to work with. At that point maybe you let Big G know that you intend to go to law and see what they say. Maybe RRR can do a quick deal or not. If it looks like that it will go to court, that is the point at which RRR looks for litigation funding.

Big G should know all about what is going on: they were being sued by VUP with Gecamines being a co-defendent and they know we stepped in and won our case. Our assets were also part of the fine that Big G recently paid to the DRC Government. The fine makes no difference to our case except that they know that the Musonoi transaction was corrupt.

I suppose it boils down to what RRR wants, a quick easy deal with good money in RRR's eyes or top dollar.

DYOR

Indeedy, lets hope for the best.

I don't want to upset you but when people say things like that it is really irritating. You know the circumstances just as well as me.

On Migori, RRR got involved in 2009, spent a lot of money on the asset and then everything was put into limbo because someone tried to nick the asset off RRR. The complaint wasn't against RRR but against Mid Migori Mining Ltd which had had the asset for a number of years and done nothing with it. RRR was doing things but got caught up in retribution against Mid Migori Mining and it took several years to sort out. In my view, except for AB, RRR would have lost Migori for nothing. In my view Migori is worth good money but is too expensive for RRR to develop.

On DRC we were originally promised some tailings assets, they went elsewhere, twice. Everyone else was up for giving up but eventually AB (no one else, just AB) secured three good licences from Gecamines. As we know they were nicked from RRR and now we are on the cusp of securing the compensation.

Add it up: AB has secured assets between Migori and DRC worth about $250mil minimum but we have been prevented from enjoying the assets. AB didn't ask these people to connive at depriving us of our assets. But ALR is current big one.

DYOR

Just read it through: all the elements necessary for a successful claim are in place.

As Winnifroth said on Saturday, "But it would also open the way to a much larger claim against Glencore which one assumes would settle out of court relatively soon."

It depends but someone would have to advise RRR as to the quantum of the claim and then be able to stand up in court and defend that advice but...

The minimum claim should be 50.1% x $420mil less the $20mil we are currently divvying up plus interest and the maximum is the discounted cashflow less finance and operating costs for Musonoi plus something for the other two licences. How much is the DCF claim? Well both RRR and Gecamines reckon that there was 400k tonnes of copper at Musonoi plus 24k tonnes of cobalt. So a big number.

DYOR

For those interested....

Tortious Interference

https://uk.practicallaw.thomsonreuters.com/5-382-9829?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=Tortious%20interference%20with%20contract%20arises,in%20damages%20to%20the%20plaintiff.

DYOR

I know all the excitement is currently about DRC and EOC but the one that has the real upside for RRR is African Lithium Resources.

With a bit of luck ALR should be in production by the end of the month.

Maybe we should get a bit of an update on timings soon.

DYOR

https://twitter.com/PiresPlc/status/1622898252541485057?t=KpJCnRjTbDqac7bVGoBqDg&s=19

EOC only got the nod from the SEC on 18th Jan and Spartan went live on the Friday 20th. Spartan started circulating emails on the 20th. So they have only delayed it once.

Hopefully, it is done but I don't know.

There is a process to go through with NASDAQ: once you have got your book together, NASDAQ want to inspect it for money laundering, PEPs, sanctioned parties and other dodgy types. Once they give the nod then that is it!!!!

DYOR

It says it looks like Elephant is listing in the next week or so and its says Bell is likely on his way back from DRC. Speculates about him getting the $7.5mil and points out that this opens the door to the larger claim against Big G: says it will likely be settled out of court pretty quickly.

So nothing that the avid followers on here are not aware of. No comment on the Victoria gold assay results which must be due now and/or African Lithium Resources.

In my view this likely moves RRR up further on Monday but as always, WTFK?

DYOR

Fun and games today

Well the market just took sells of about 4m shares across 3 trades and didn't blink. Must be strong demand out there

https://twitter.com/VipassanaTrades/status/1621456020277977089?t=UvMMqZMFurwt3xTQybnmog&s=19

Looks like someone thinks that they know something. Let's hope that they are correct.

Yawn.

https://twitter.com/ralucasaceanu/status/1621081564821225474?s=20&t=6hZQXq3b6tjEfezj67XmoA

DYOR

https://www.kitco.com/news/2023-02-01/This-is-the-big-2023-shocker-that-will-get-gold-price-to-record-highs-this-year-Goehring-Rozencwajg.html

DYOR

https://twitter.com/Ole_S_Hansen/status/1621085947134902276?t=2RULuxYffls-N6lyhzdRwA&s=19

Currently $1,961

https://twitter.com/TereaAfrica007/status/1621045302382796800?t=p5kx0zgote22UlXrRcUPrQ&s=19

https://www.mme.gov.na/maps/