Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Take the emotion out, still a trade at 0.15? without ability to raise capital?
Squeeze is there again from this level?
Imagine the rise on a deal with the Chinese or further EIA certificates? Lithium grades?
or the DRC approval or Elephant Oil listing or Australia being sold to POW or another company?
Question is....is there upside from 0.15 with the dynamics above?
Take a moment and then answer NO
Calm.
I was talking about POW and their IPO's (good track record) and the justification for POW board buying RRR's stake.
Regardless of Mr Bell.
Depends on the news and even you wouldn't have said a simple EIA certificate would have spiked 80%.
Also interested in IPO'ing their investments and easier owning 100% of something rather than 49%.
Pay £1m - value the asset at £2m.
IPO for £6m and raise £2m cash.
Profit upside on their investment at £8m IPO
Model is there for all to see regardless of your thoughts of Mr Bell.
There are always spikes and opportunities from such levels.
Wasn't it this level the price rose 80% in a day or two on a EIA certificate, not long ago?
POW buy RRR Australia stake? £1-1.5m?
They have cash and ability to raise additional cash to pay or sell their investment holdings to generate cash for 100% holding in Australia.
Deals can be made.
Split over 4x £250k non dilutive payments with % upside on IPO and a royalty?
Anything is possible and can surprise.
Keyboard warrior is working hard for reactions GL.
I'd imagine from the posts he is short and will be in trouble shortly.
Helpful, I was told today the arbitration has been officially signed, RRR awarded $7.5m and now the RRR representative needs to collect the document from the minister in charge. Can you confirm this is true?
Bought 1m shares yesterday.
0.6/0.65 seems a good level to ave. down before the prospectus in a few weeks and the realisation that KAV will have £5.5-6m cash in the bank and at a serious premium to the price I can buy at today.
That much cash and with Peter on the board and funds available if required away from the capital markets all bodes well for a rise. Last capital raise was 2times higher than todays price.
Will continue to add over the coming weeks before the RNS news flow from Zim and PureBond.
ClickIPO is promoting the Elephant Oil listing and easy to google the listing date being tomorrow.
Seems some on here maybe short from the last spike.
Will shorts close before or after RRR RNS the fact they invested £275k in preIPO on Elephant Oil and is now worth $1.8-2m on IPO (this week), even before the US investors buy and the share price there grows further.
For sure most UK investors wont be investing directly but will be via owning RRR shares.
Lets hope for a Lithium RNS this week and even the DRC arbitration funds.
Buyers around today as the market was selling the stock they bought at higher levels imo.
Possible squeeze on to 0.5-0.6 level without news.
Https://newzwire.live/wp-content/uploads/2023/06/newZWire-The-Zimbabwe-Lithium-Brief.pdf
Interesting read.
Red Rock Resources and Arkle Resources mentioned.
Have Arkle - ARK gone under the radar in Zim for their licences?
Would anyone be surprised to see Mr Black go back to 3%, 4% and 5% as he did previously when he came down %'s?
Either way, he is almost sold after the big chunks yesterday afternoon or he is playing a clever trading game and retail are selling and he is rebuying....again time will tell...wont be below 0.2 for long imo
Not my pal, just know he's a good nomad from a very successful past in a different company.
And the information was on twitter, take it or leave it - I'm sure you'll leave it.
Does make sense as Australia is an asset of value and we all know how close the DRC is to a successful outcome - again you'll dismiss from the last 9 months but one day we will all wake up and the market will be shocked. RRR have won their court cases and you just need to watch the recent interviews from Andrew.
POW making an offer for RRR Australia and DRC funds.
Word last night was Andrew is flying to the DRC
Actually I know a lot about them and Roland is very strict on what can be released
The DRC is far from dead, in fact it is very much alive.
If you think a nomad would allow those comments in an official RNS then your just guessing and making things up.
A nomad is not Andrew Bell and has a responsibility and would have to see evidence of the arbitration and documents to sign off on the wording in an RNS.
Its normal to be negative and unbelieving even as it hasn't yet happened, but its not dead and it may not be now or tomorrow but when it lands the market will have an almighty shock and an overreaction in the share price appreciation as a result of the delays.
First onto the 1, 2 or 3 Lithium RNS's this week.
Fun week ahead imo
Https://twitter.com/m46843959/status/1675612685214285824?s=46
Good link for Coro and EME.
EME also looks a great option under their last placing at 0.8. Distressed seller just before news.
News is due by Conrad Asia this week.
Valuing Coro at $87m + cash from Italian gas sales received and after finalising the deal.
https://www.coroenergyplc.com/media/2280/coroenergy-investor-update-q1-2023-short-v27-2.pdf
Slide 3: $87m
If Coro were offered £50m and pay off the debt and would be worth multiples of the current share in cash alone.
Dividend or use cash to build and bring in better projects?
Either way 0.24 looks a great level now no risk of Lombard selling down.
Https://twitter.com/m46843959/status/1675612685214285824?s=46
Good link and news anticipated this week by Conrad Asia.