Member Info for news

Https://uk.advfn.com

Https://uk.advfn.com Tertiary Minerals #TYM, Thur, 9 May 2024 @9:19am.

I was here by the way BEFORE this RNS which was RESEARCHED and posted for all to see and benefit.

Above is referencing TYM KONKOLA WEST JV with Kobold Mining & TYM s@MUPALA itting on the doorstep of ARCM/Anglo American & TYM @MUKAI sitting directly adj to First Quantum/AFP JV, all in Zambia.

Comment: All researched and posted on this forum BEFORE RNS of today. Today, it is from the horse's mouth ie CEO Mr Patrick Cheetham.

ARV RNS, 9.5.24. ARV, dual listed in Australia is under trading halt for RNS now released. Azure's PEAK 4.87% li2o grade was in the ARV said RNS of today. ALB invested A$20m in Azure after rock chip same assays and the rest is history, now taken over. It was stated by ARV that Mt Marie @ARV is the 2ND HIGHEST LITHIUM GRADE after Azure.

This is the 2nd RNS from ARV on their 100% MT MARIE LICENCE, Pilbara, Western Australia.

The above is SHEER "mayhem" for investors IF we need more direction as to the position of RRR DRC and RRR Australia.

Helpful

For clarity, you informed that NOT only are there AIM regulations per the handbook but that Nomads are now placed in a position as if they are regulators [para phrased], say. So, others chided you as usual but you pointed out new regulations. So, it would now appear that we have to now sort out what the strategy is ourselves as opposed to management informing us. Hope that clarifies.

Https://twitter.com/Share_Talk/status/1787428363251933661 11:25am, Mon, 6 May 2024 [Bank Hol & Stock Mkt closed].

"Quote: NOMADS & CEO's are effectively GAGGED by the Regulator from effectively communicating their STRATEGIES, aims and objectives- or at the very least, many management figures feel they simply CANNOT be completely OPEN with their investors."

Comment: Something this forum discussed yesterday re: Strategy of co @RRR, objective etc. So, something Helpful said about regulator and comms.

Banburyboy

I dont want to bother going into the Companies House data re: RRR ALR.

You mention , could have. NONE OF US CAME TO THIS POINT of could have given I was never here on this forum to witness anything. However, I took into consideration ONLY ROBIN. And my reply is only for Robin as he was the one to telephone A.B, Chairman of RRR and he has NOT moved on from that till now. We both have objectively looked at the situation and IF Robin does NOT feel that RRR is going with his own objective etc, then Robin must stare reality and take whatever decision that he feels is appropriate. In the future, it is positive that Robin will search every nook and corner for info ie data and come to a conclusion quickly so that any situation is NOT left to allowing a situation not to be in command and control of one's own portfolio. That is maturity and moving forward. IF there is LOSS, one must then strategically work out how to recover that loss be it to save up the money going forward etc. That is part of life's processes. As for your assessment, it is something that I cannot agree to. Why? My thinking processes are akin to high achievers and cannot is NOT something I entertain. Maidit308 having been thru this AIM cas for a long time would have honed this to a fine tee and it is called a learning curve. That is why I may POST ON THIS FORUM but I am here to learn everyday and keep abreast of trends etc. I have just listened to the President of Congo speak French to a French interviewer and I try to gauge our RRR DRC situation. Interesting. So, Robin, I wish you the best and we all have been there before. Today, is Sun and I pray that you will be blessed. News, 5.5.24.

Robin

That is a very good handle of RRR in general & in particular from an accounting vantage point. I agree with you on the money front but as for A.B seeing it ahead of the curve, I think the jury is out on that. Remember that A.B was a portfolio manager working in a fund. So, that is how RRR is run akin to a fund with lots of project portfolio. Leaving that aside, yes, this co, in theory needs FINANCIAL RE-STRUCTURING ie a accounting clean up. There are 2 ways going forward and Helpful has been upfront in saying project A needs $, project B needs $ etc.

STRATEGIC REVIEW:

The only asset with a resource statement [which needs updating =$$] is Kenya. The licence renewal is awaited. None of us know whether it can be sold or JV'ed at the momo. Two issues here ie jurisdiction and does A.B have connections to the Chinese to see if they can take it on.

[2] Zimbabwe: I have checked Companies House on this and the capital in the kitty is $100,000 so per First Equity, this is the largest asset after Kenya. Michael Fotio, Father of Lithium has told Stockhead.com that prices will pick up for lithium carbonate because lepidote is not as successful in China.

[3] One cannot get rid of everything all at 1 go because the co can be de-listed due to the rules. So, what is the MAIN emphasis that everyone wants at RRR? Helpful thinks that Bilbale is the way forward and this is of course where Kavango is also heading for ie CASH GENERATION.

[4] RRR AUSTRALIA IPO: I have discussed this to a great length but one does not know if the market is willing to put up drilling for Pre-IPO per Helpful. Market may not be keen on the Ballarat area so as said, trenching should be done at the border of Sunday Creek to see if mineralisation and grades extend to RRR's Kilmore.

[5] DRC litigation: The $10m would be helpful to steady RRR's ship going forward. With the money, then litigation can move forward if legal Counsel wants a down payment to open the file. Funding would be required. A.B is using the determined softly approach and one cannot fault this but the Head of State is well aware that should the award be signed off, litigation opens up for US$430m [51% RRR]. So, a dilemma here

[6] Market conditions have improved but going forward, the money situation is the case in point.

[7] The strategy is to HIVE them all off ie SOLD, JV'ed , IPO'ed so that only the best asset moves forward be it Australia RRR or turn RRR into a litigation co like Churchill Mining [A.B was a director of Churchill Mining] and wages are minimum then.

[8] DRC - Perhaps, a 2nd legal counsel opinion is warranted now ie more dynamic in approach. Why? AVZ's French legal team are now closing in after an interim win at the Washington D.C Int Arbitration Court.

[9] RRR - they need money ,a clean up of their finances and then to see what is the strategy of the co going forward ie which project is best in a jurisdiction that is Tier 1. However, it is a constant struggle now F

---------------CRITICS OF RRR-----------

Banburyboy: It is of no use to say its being ridiculous. Why? In the real world, there are professional STRATEGISTS, be it in the public service or corporations. They are called Strategic Consultants with MBA etc. Useful to be a Chartered Accountant or a Management Accountant as one needs figures. So, it is EASY to criticise and this has gone on for a long time. Now, it is about HELPFUL!!! LoL, the man does not RUN RRR as CEO , NED etc so it is just a distraction.

So, today, is Sunday, and many of our parents etc always say: YOU THINK YOU CAN DO BETTER, THEN SHOW US HOW.

So, a voice given to EVERYONE today to speak up. I can, if you like post to RRR that we have had a forum discussion as to how to take RRR forward. FAIR?

In short, SPEAK UP or put up. I have a strategic plan with a strategic review. So, let's hear from you, Sir as Dukey said you are their leader sort or thing since you say you are a Chartered Accountant, worked 20 yrs as NED in a public co and worked for KPMG. Therefore, ALL CHARTERED ACCOUNTANTS can do M & A, valuations etc. So, your fans are waiting.

-------------SILENCE FROM THE FORUM'S PLAY CEO GAME @SOLUTIONS---------

No one posting re: above whilst OPEN to discussion: "HOW DO WE TURN RRR AROUND?"- Thesis open to all inc the resident.

So, my thesis appears to be now right ie dampers who are not here to see that RRR gets turned around if that is the complaint. So, another 3 years of the same as yesterday. LoL.?

Helpful is right about gold mines being sold and the Chinese are buying. Ref: "Pan American Silver has sold 100% interest in La Arena which OWNS La Arena GOLD MINE and the Arena II Project to a subsidiary of a Chinese multinational Zinjin for US$295m." 2 May 2024 https://twitter.com/miningcomau/status/1786159839665930732

So, yes, this is the latest trend. Where the Western majors are not buying these smaller mines, the Chinese ARE buying smaller gold mines. Not seen any copper mines sold yet ie of the smaller ones, so watching.

We need SOLUTIONS and no good 3 years or 5 years of 18 years of watching RRR. Agree or disagree, all? Sun, 5.5.24.

Yes, Helpful, I AGREE with tailings. Why? The sorters are very state of art these days and it is CASH FLOW in a much easier way. Yes, a more medium co can work depending on whether it is a SMALL OPERATION eg Colin Bird's MANICA, which was a JV with the Chinese. Colin Bird expounded the reasons for the sale of which he got US$15m in stages in Momz. This is fantastic considering. At this momo, Kav is also going this route of small operation. But artisanal is also akin to some extent to tailings which is or can be CASH GENERATIVE.

TIER 1 or close to TIER 1 ie 2: I play the DISCOVERY GAME ie Lassonde Curve and I go for elephants. Hence, why I came to RRR due to Musoni.

So, folks , we have heard from HELPFUL and that is his view of RRR playing as Chairman. Let's hear from others like Dukey, AIM Dogs, Banburyboy, BlueBoy et all. Now, is the time for everyone to hear THE STRATEGIC PLAN [PLAY OUT].

Let's hear from Banburyboy since he said he was a NED, Chartered A/c and from KPMG in the past. That is real life qualification for a turnaround specialist.

Banburyboy

Be it 90% which is approximate, your figure of 99.5% is to be TESTED vs DATA set.

So, let's leave it at that for now. But I am sure A.Bell , Chairman will have all the data set vs the mkt.

Wish ...knew. WELL, LONDON SOUTH EAST PUT OUT A FREE INTERVIEW BY A MINING ANALYST OF RENOWN and it was on EVERY PAGE--that's how I knew. London South East must have PAID for that interview as it was NOT about any co but the mkt in general ie they can lost 90% or more. Helpful stated the known theory of "REVERSION TO MEAN."

In particular, the stats must also TAKE IN RRR' S LOST MUSONI, now subject to $10m award and potentially $430m [51%]. Without STATING THIS potential asset, it SKEWS STATS for RRR.

Lastly, we wait to hear Banburyboy how you will NAVIGATE THIS CO since you told us all here, that you are a CHARTERED ACCCOUNTANT from KPMG, the big 4, worked 20 years as a Non Executive Director of a Public co. So, all of us want to hear and we put you now on the CEO/CHAIRMAN OF RRR's seat.

Let's show Helpful, a Finance grad your skills as a turnround specialist. All Chartered Accountants are capable so let's hear from you specially since Dukey thinks you are the leader of the group since you say you are a Chartered Accountant.

Sun, 5.5.24. BANBURYBOY CAN DO BETTER THAN A.BELL, CHAIRMAN, RRR so let him be Chairman on this forum as a play out and let's hear from you, Sir.

Contd

RRR is NO WORSE nor better than the MEDIAN STATISTICS now well known IE JUNIOR EXPLORERS LOST 90% average. RRR falls into this category.

DILEMMA: Now RRR has to come to some strategy to continue and it is also predicated on MONEY. So, are the REST of the junior AIM explorers affected. CEO of Cadence TOLD a shareholder who contacted him: DURING THE DOWN TURN, THERE ARE ------------NO EXCEPTIONS-----SO FACT NOW. So, if there is CLASS ACTION , that is the statistic that will decide the case.?

CAVEAT: Dont say I didnt say because no matter WHICH AIM JUNIOR EXPLORER, that is now the SITUATION. Even if a junior explorer finds the money, the commodity price can also affect a co. Eg Z... a rich millionaire in London threw fab parties. He decided that since he was an iron ore specialist , he would BUY a major's iron ore project in Brazil that had a technical issue ie port collapsed. So, he went in and paid millions. IRON ORE PRICES FELL at one time of the cycle - he went BUST ie the project. One AIM co has picked up this project and has a minority stake and the project will require US$320m to re-open the mine etc. That is the sort of figure for a medium sized operation. So, they are busy trying to get partners. So, FRESH challenge and common to all junior AIM co's.

RRR has the DRC award of $10m and potentially the international arbitration of US$430m [51%] - so this is the wild card and RRR did have that TIER 1 CHANCE @Musoni. So, RRR cant produce the Tier 1 just as the stats does not show any AIM co winning the lottery MANY TIMES. RRR also did well during the Jupiter Mines time. It is also FACT that mines esp Tier 1 take 16-20 years to get started and this is now commonly known.

So, that is the state of the junior explorer market from my observation and IF, there is no agreement, then free to enlighten with examples of EXCEPTIONS. News, Sun, 5 May 2024. DYOR. NIA.

-----------A I M ------& JUNIOR EXPLORERS.

Let me enlighten if folks are NOT aware. It has now come to the attention of the TIMES OF LONDON that AIM is not in a state of ...[fill in the blanks]. These are the observations:

[1] There is NOT much volume on many AIM stocks except the few. One can see the DAILY VOL movers and some are down or up. RRR is also affected by lack of volume.

[2] So, who are the volume movers? One can see that also from the DATA every day. In the UK AIM market, the vol movers do NOT capture the attention of pi's for long ie weeks, months. Stale bulls then sell per theory. So, unless there are NEW bulls, the stock drifts.

[3] JUNIOR EXPLORERS on AIM. Lets PLAY RUNNING a Junior Explorer: [a] PAUL JOHNSON said it takes £400-800,000 to start an AIM co and some £300k-£400k a year to run an AIM co as the fees are quite high. Hence, Paul said Aquis is cheaper to run. FACT: For this reason, many co's have LEFT AIM - Charles has done an article on the no leaving. Paul has also tweeted how he thinks this problem can be resolved. If I read correctly from the Times, then CHEAP MONEY is also a point to be taken in and rates are high.

[b] OK, we have a SHELL ie a new AIM junior explorer. One starts looking for a project. A/c to the stats from S & P Global for the last 10-12 years, only about 10 co's made a decent copper discovery and some in the lower quartile of 2mt are NOT Tier 1 discoveries. [c] Even if a co finds a TIER 1 discovery, a major may NOT buy the project. Why? The Mining Industry commissioned a report and they were told to JV with juniors but not enter bidding wars etc. [d] So, if it is a Tier 1 or 2 discovery, then is the commodity in SUPPLY DEFICIT? Why? Unless it is in supply deficit, it is unlikely prices are high enough to obtain funding to build given it costs millions and Tier 1 builds are into the BILLION/S. [e] Mediocre discoveries - unless one can find the £50-£100m, then the project will be moth-balled until things turn up ie plentiful $$$ [f] All AIM junior explorers will be aware BY now and hence, the cheapest is running a small gold operation and better still, to pick up a project from artisanal miners knowing very well that grades have to be HIGHER than norm ie not 0.5% region if a bigger mine. [g] So, many legacy projects are sitting there in a co's portfolio but nothing can be done WITHOUT MONEY to develop etc.[h] It is FACT that all the easy high grade, surface deposit are now NO LONGER PLENTIFUL and the industry is aware deposits are MUCH deeper. To drill 1 deep hole per Kobold is $1m. 1 hole is not sufficient to prove a discovery either. [i] Yesterday was Buffet's AGM so some journo's and fund mgr quoted what Munger said ie ONE ONLY GETS 4-5 OPPORTUNITIES. Yes, that is true . Why? Few come round. [j] Are there exceptions? Yes, if it is a TIER 1 potential with good grades, surface, then MONEY is available from the market ie they ring the co to ask if the co wanted money. [k] RRR is n

------------CLASS ACTION?--------

Dukey: Re: your post. Let us play class action. In Court, what the TIMES OF LONDON STATED today in their article about AIM and what Cadence 's CEO told a shareholder ie during this downturn in commodity stock, there have been "NO EXCEPTIONS" so be it RRR or any other junior explorer, they are DOWN 90%. FACT. So, in a Court of Law, all litigants will lose once this STATISTIC AND FACT comes out. London Stock Exchange etc all have this same data. AIM has share charts as well for the sector. If anyone is interested Burton who gave the Times of London link opened the article up so that one can read it for free. TIMES OF LONDON STATED THAT EVEN THE SMALL CAPS IN THE USA SUFFERED THE SAME FATE.

So, that is now FACT.

For clarity: NEWS [me] : I note that on 2 occasions , my name has been used to UNDERPIN the doomers.

Far from it, I made clear that irrespective of the activities of RRR, the DRC award litigation still remains PENDING and live and this will be still an asset to the co. As for the gold mining operation in BUKINA FASO which is taking charge of the previous artisanal gold ore etc, here is a link : "PARKER BUYS A NEW WASH PLANT DURING A $1M HAUL."-Gold Rush.1 yr ago. Due to the high prices for gold, it will be even more profitable now. IT NEEDS A FEW PEOPLE only to operate the wash plant. DONT SEE HOW HELPFUL is wrong given no one at the moment knows yet until they DO THE TEST plant per what RRR said and then they expand to more wash plants. Parker is a well known series from Gold Rush and it is $1M PAYDAY just from 1 WASH PLANT with just 4 men.

Link: https://www.youtube.com/watch?v=36UCSzl6zW0 as above re: Parker & $1m haul. Even Kavango is doing the same thing?

I posted that DRC has recalled all the copper that was exported from Musoni COMMUS operated by Zijin Mining due to high levels of radioactivity. That is because SOUTH of this licence, there are uranium mines.

Latest news: DRC HAS " SUSPENDED ZIJIN'S MINING LICENCE."!!! The Commus mine contributes 4.5% of Congo DRC's exports in 2023.

RRR MUSONI JV [51%]: At Musoni copper district, GLENCORE has 2 licences next to or near RRR's Musoni. Thus far, NOTHING [no radioactivity ] reported about RRR's licence @Musoni EVEN THOUGH IT IS NORTH OF ZINJIN'S COMMUNUS MUSONI COPPER MINE. https://www.mining.com/ecofinagency.com/mining/2404-45438-drc-pauses-mining-licence-at-zinjin-copper-and-cobalt-project-over-radioactivity-concerns 24.4.24

Comment: AVZ who is taking a international arbitration case in Washington DC [won the interim ruling] will NOT re-list AVZ on the Australian Stock Exchange but will go private. It was also stated that SHAREHOLDERS will still have SHARES in the private co pending the = final =arbitration HEARING wherein , both sides will present their cases.

RRR Draft Award Arbitration of US$10m still pending. A.Bell's latest interview with Stockbox did mention the DRC arbitration so that is still continuing. FOR THE AVOIDANCE OF DOUBT: I bought in for this award [very tiny ] because the risk vs reward is great IF, IF, RRR win DRC arbitration [signing] and then obtain $$$ to fund the international arbitration over the loss of their Musoni licence which was SOLD ON by the state miner for some US$430m. News, Sat, 4 Apr 2024. RRR MKT CAP £2M @0.051p. [all time low]. RRR is 2010 was 23p and two years before that , it was 0.25p per Paul Johnson recently. DYOR. NIA. SO, IN SHORT, IT IS "OPTION MONEY".

"...Those were really the glory days . In 2006, 462 new players were listed with £5.6 billion, the year after 284 made their debut raising £9.6 billion, last year it was 15..." -Sat, Times of London, 4.5.24

In the thread: "A decent RNS would see a STOCK move 300% +. SO MUCH HARDER NOW FOR BOTH COMPANIES & INVESTORS. " Another comment: "Without cheap money..."

Comment: So, folks, WORD IS GETTING OUT of the STATE OF THE AIM MARKET for both ===COMPANIES==AND INVESTORS. That is what I have noticed. LoL. IF THE TIMES OF LONDON KNOWS AND PUBLISHED THE ARTICLE IN A SAT EDITION, EVERYONE NOW KNOWS and cant just blame x or y. I have not got the full article as I am not out in town. Going to be interesting for us all, shareholders of AIM co's to read and IF solutions are going to be forthcoming given it is now IN THE LIME LIGHT. https://twitter.com/DavidBurton1971/status/1786635780024041942 Sat, 4.5.24 Link given to Times of London with headline.