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How so and do you think the dog minds?

Usual misunderstanding with these things: Bradda Head is valued at £29mil ish and RRR's ALR holding is valued at nil ish. Which would you rather than buy Bradda Head with some upside if it spends a lot of money or ALR with a huge upside if it spends some money. The reason for the ALR huge upside is that it is starting from such a low valuation.

Interested in why you think Bradda Head is better.

DYOR

The Bradda Head number was as "high as" whereas ALR was "an average".

Hard rock lithium is better than clay or brine. Spodumene is better than lepidolite.

Zimbabwe is a known lithium province with all the back up services required. ZID is pro-lithium development.

RRR has indicated it has multiple licences in train.

Obviously I am biased. I was offered Bradda Head in the pre-IPO and said no.

ALR will be worth serious money.

DYOR

You need to read the RNSs. There is no CPR but RRR has disclosed results. Listen to relevant PR.

I own some of ALR.

DYOR

Juno gave an interview a few weeks back: I posted it on here. They were talking $180 a tonne and 5mt pa from day one. They would probably step it up to 10mt fairly quickly but they didn't comment on that.

Do the numbers for yourself.

DYOR

https://www.londonstockexchange.com/news-article/BHL/drill-rig-mobilised-at-san-domingo-project/15543770

This drilling programme continues the fieldwork at San Domingo, including mapping, geophysics, surface sampling, and a recent 3D mapping exercise conducted by SRK (results soon to be announced). Channel sample grades previously identified at our named pegmatites were as high as 2.49%Li2O;

https://www.youtube.com/watch?app=desktop&v=UfP94ueSIic

DYOR

This is Bradda Head, recently listed.

I think what ALR has got is better.

https://www.thisismoney.co.uk/money/markets/article-11024829/SMALL-CAP-SHARE-IDEAS-Bradda-Head-Lithium.html?s=08

DYOR

They stopped the exploration work at Mt Mason and Mt Ida when they had enough. There is more work to be done in due course. Juno thinks that there is 2bn tonnes plus of magnetite at Mt Ida.

Do the numbers: it is serious money if brought into production. RRR is due $8mil in stage payments from Anglo Pacific and will have a residual 0.75% royalty on Mt Ida.

Looks to me like it could be in production towards the back end of 2024.

DYOR

That reads very well for RRR.

DYOR

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02543146-6A1100113?access_token=83ff96335c2d45a094df02a206a39ff4

*without a CPR..... etc

Nominated Adviser: NOMAD.

The NOMAD is responsible to AIM and the FCA for making sure that the company (or any company) complies with the AIM and FCA rules. The main obligation is to AIM but the AIM rules incorporate some of the FCA rules.

The NOMAD will want to make sure that any RNS is not misleading. In this case, all the documentation is in French. So the first thing is that it needs translating. It won't be one document but a suite of documents, such as the court orders issued in Lumbumbashi.

If the company claims X and X is material then the NOMAD will want to ensure that is confirmed somewhere in the documentation. If it is not material then the NOMAD will want to know why it is in the RNS.

There are also rules about how information is portrayed. So Reserves is not the same as Resources. You can't say Reserves with a CPR or a JORC or a NI 43-101 and so. Oil reserves must be attributed to the field and cannot be simply disclosed as an aggregate...

https://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-nominated-advisers-march-2018-clean.pdf

Periodically NOMADS as a group and as individual companies get their legs smacked. Periodically, AIM Regulation updates the rules and the rules relating to reporting.

If the NOMAD is not happy with the company's conduct then it can resign, which gives the company and the directors a major problem.

DYOR

Funny!

You couldn't pay me enough to spend my time trotting around Africa and having to put up with what he has to put up with.

He left Friday and was back Saturday. Not for me to make announcements for him.

Any announcement will need to be cleared with the Board and the NOMAD. The NOMAD will want chapter and verse before agreeing to an RNS: if any document from the suite of documents is missing, then no RNS.

Soon Rodney, soon.

DYOR

I assure you he has not been having a good time. A couple of weeks ago he had to wait the best part of 2.5 days for a critical meeting with just France 24 to amuse him. No one will be more relieved than him when this is finally done. When this next bit is done this will not be the end but the end of the beginning: on Big G next and some proper money.

Anyway, it doesn't matter how close he is until it is done and until the fat lady sings it ain't over.

Soon Rodney, soon.

Soon Rodney, soon.

https://www.youtube.com/watch?v=RiIIkQO95z4

For reference

https://twitter.com/Share_Talk/status/1547517469765652480?t=v-gdGk_plN0pDBvKH7VR6g&s=19

Neighbours

https://twitter.com/humenm/status/1547449813184253952?t=31d2eudpQO_kV734uCdYIw&s=19

That photo was from Saturday. They were waiting for VUP's "President" and VUP's lawyers to turn up.

The numbers haven't changed; $15mil is at Gecamines (for the moment) and separately we have court orders (3) for $4.5mil ish. He has done enough interviews about this on top of the RNSs.

Soon Rodney, soon.

Well he has flagged this up enough times and everyone knows what the numbers involved are: the only new thing will be that the deal is actually signed. He could not have been clearer if he tried.

Getting a bit jiggy with it. Moving on a handful of buys.

Soon Rodney, soon.

Indeedy. It all worked out in the end but along the way was a complete mess. Loved the Chandelier episode.

We are just waiting for the Fat Lady to start singing.