Member Info for Helpful

Very good.

Onwards and upwards ..

https://twitter.com/Fosterville_FSX/status/1483451311362396165?s=20

Relevant to NBGC and POW.

DYOR

https://twitter.com/genflowbio/status/1483453647967109131?s=20

DYOR

Same space..

https://www.technologyreview.com/2021/09/04/1034364/altos-labs-silicon-valleys-jeff-bezos-milner-bet-living-forever/

https://twitter.com/Ole_S_Hansen/status/1481237780793630724?s=20

https://twitter.com/Ole_S_Hansen/status/1481187509426176004?s=20

Luanshimba results any day.

DYOR

Well his supposed successes are certainly not being reflected in the share price, and this is what “trolls” point out.
No, what they do is belittle every announcement and claim it is all fluff,that there will be no follow up and it will be a c*ck up. All he can do is progress the current projects and add new ones when the opportunity presents itself. He can't control the share price.

No one trusts him to manage any amount of money as it just seems to evaporate, if we win multi millions in the latest court case ..
RRR has already won the court case and the hearing for damages has already been held. The court gave an order of over $2.5mil and so there is not doubt about multi millions. There may be some doubt about extracting the damages but I have reason to believe that it will not be as difficult as some might believe.

(highly unlikely, just wait for the excuses/reasons) it won’t budge the SP as no shareholder will ever see any value. Leopards don’t change their spots,
Well he did change his spots. All the trolls on here invested 12/14 years ago when AB was a superhero and they thought that he could do no wrong but the downturn in the metals market came...

not unlike spittle lickers like Helpful. Is that really the best you have got?

DYOR

PS did you pick up that he mentioned lithium interests in the interview?

https://youtu.be/veup54vD6Ec

LP says to MGW that so far the geology matches up with the prognosis from the seismic: very important. If the seismic matches up then the attic should be where they think it is.

DYOR

The bears/trolls will say the same thing whatever happens; he has done nothing. Whatever is done is just written off as nothing.

They said he wouldn't get the Kenya licenses sorted, they said nothing would happen in Victoria, they said that he would mess up on the DRC legals.. and so on.

DYOR

Another interview V**markets

https://twitter.com/RRR_RedRock/status/1480520711420657668?s=20

It is process, we go one step at a time.

We are not in a mess, this is the best outcome.

We will end up with far more than if Glencore had done a clean deal through the front door rather than the back door.

The costs in DRC are de minimis. Once they are ready to proceed against Glencore, they will go to litigation funders. If we get a litigation funder on board, it costs RRR nothing. On settlement the litigation funder recovers their costs against Glencore and they take a portion of the settlement. If they are unsuccessful, the litigation funder bears the costs.

It is a business: it happens all the time. See Ascent Resources, they have signed up a litigation funder for their claim against the Slovenian Government.

https://www.londonstockexchange.com/news-article/AST/signature-of-slovenian-claim-funding/15202657

DYOR

Robins, you need to keep things clear in your mind. The facts are:

1. Gecamines still has $15mil of the $20mil: that is not under VUP's control
2. VUP is not the only party we can pursue in respect of the $11mil damages: any other party involved in the fraudulent transaction can be pursued.
3. RRR has said orders and parties. It is not all about VUP. RRR already has orders against parties other than VUP.

DYOR

Well the answer is dependent on how strong our case is and what documentation we have to support our case.

If we have a strong case, and we have successfully jumped the first obstacle in DR getting the orders about ownership, then you would expect a rational party to do a deal. RRR has already stated it has access to documentation proving its case but in any case VUP has read its own evidence about the transaction into the DRC court. That evidence is now a matter of court record. VUP was jointly suing Gecamines and Glencore for $15mil. They didn't just pick two random parties to sue and a random amount to sue for.

You never know with court cases but the first and most important hurdle has been jumped. It is now process. The next step is the award of damages next week: we are claiming $11mil, it might end up being a different figure.

After that RRR turns its attentions to Glencore and other parties whilst at the same time making sure somebody pays the $11mil or whatever amount it ends up being. VUP is not the only party in line for paying that $11mil and the bigger claim is to come.

Without proving ownership in the DRC court we would have a weak case against Glencore.

DYOR

The claim against Glencore might be up to $1.5bn. They will need to appoint someone to do a proper calculation that they can use in court.

You can do a back of an envelope calculation yourself:

Musonoi 375k tonnes of copper plus 24k tonnes of cobalt X 50.1%.
Plus something for the other two licences.

RRR will need to get a litigation funder on board.

DYOR

Everything going in the right direction.

DYOR

More good news.

Cote d'ivoire next.

DYOR

One way or the other we will end up with serious monies IMHO. AB can't put in the public domain his strategy and all the steps he intends to take: firstly, the NOMAD would say that is your wish list not facts and, secondly, why would you want the other side to know your plans before you execute them?

I have seen the order and I can read French. What RRR has said about the order is correct. NB I did law as part of my degree but I am not a lawyer: what it says is pretty plain.

The next step is the damages award. We should know shortly; then it starts to get interesting. Many a slip twixt cup and lip and all that good stuff but the trolls on here were saying that AB had messed up "again", that he was wasting money, he would get nowhere etc and, oh, he was sitting on his fat bottom doing nothing for the company except milking it dry.

Well it looks to me like he has been a busy little bunny.

DYOR

It is a process. We have to through it. The order establishes ownership. VUP is not the only party we have a claim against. Having established ownership in DRC law we can take the next legal steps both in DRC and outside DRC.

Next should be the award of damages.

Pathfinder for years have been trying via the UK courts to enforce its "rights" in Mozambique. It has failed because it has never obtained an order in Mozambique establishing its rights. A UK or Swiss court would take the order re ownership as established fact.

DYOR

https://twitter.com/RRR_RedRock/status/1479025869691760642?t=aCoYtYtOLkRP27INR6Khng&s=19