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How does RRR SPEND US$250 MILLION from compensation? [A.Bell interview with Proactive [irons in the fire] on Fri, 29 Apr 2022 vs £4.2m mkt cap @0.35p?

One would need to buy a BIG WORKING PROFITABLE MINE for US$250m from possible Congo litigation?

Up to now, look at the Annual Report 2021 [latest] and Interims [29.4.22] and the exploration is VERY MODEST [extremely modest but do check]. Most of it per the said interview on 29.4.22 is THRU PEGGING LICENCES and that NEVER COSTS A lot.

So, once RRR went from 1p to 20p -First Equity Research Broker Note Sep 2021 of the history of RRR during the time of Jupiter Mines, ASX. So, it went up and had Congo not had its licences taken under them, RRR would be in a different place.

Same as others eg Ascent.

Good job, the 2 cases have been won in Congo over $5m+$15m [50.1% to RRR] from the MUSONOI licence, DRC. Good job, Kenya Migori also came back.

Yesterday, is yesterday as was with GGP , Solgold which were once also the same shell mkt cap but their 1 project at Havieron and Cascabel jettisoned the co to HUNDREDS OF MILLIONS MKT CAP. Look at Solgold's mkt cap at £663m and $541million for GGP. Posters said the same thing ie legacy.

One project can change a co's fortune especially if it is a TIER 1 eg Solgold and GGP.
BHP and Newcrest are major s/h of Solgold. In GGP's case, Newcrest is the JV partner.

Yesterday is gone, and for us new holders, we look at assets and what the financial book value is -nothing else matter. However, proof of the pudding is in the eating so s/h have to wait to see what history will say. Everything is TESTED and what A.Bell, CEO said on Fri, 29.4.22 interview will also have to be tested.

Come back in 2023/2024 on 2 May and one can review again.

Mon, 2 May 2022. Mkt closed as its a bank holiday. As HawaiiFiveO said XTR for an example went from 1p to 9p on the Bushranger project [new project].

RRR's royalty at Mt Ida WAS SOLD IN 2012 for US$14m [£8.8m] to an FTSE 250 co.
Mt Ida was in Jupiter at the time. Mt Ida only had 500Mt.

Since then, Juno's Nov 2021 presentation stated that the current Mt Ida resource is 1.85 Billion tonnes @29.48% FE, stated to be "TIER 1 POTENTIAL."
MD of Juno stated in the said presentation: "Once the op is running in steady state, then Mt IDA magnetite will have the DUST blown off it." "It is in ADVANCED STAGE." Greg Durack, MD of Juno did the MT IDA AND MT MASON FEASIBLITY STUDY, W.Australia. He also said they can reduce the capex due to a different method to be used vs current iron ore producers.

A.BELL-RECENT STOCK BOX MEDIA INTERVIEW:
"MT MASON PRODUCTION NEXT YEAR.
PROFIT-DIVIDENDS-SAME SITUATION, SAME TEAM." [A.B means same team as Jupiter].
"MT IDA LONG TERM EXPLORATION TARGET 2-3 BILLION TONNES."
"1.4m shares [800k free shares of Juno due to distribution from Jupiter but bought more on application. Juno came to mkt around mid 2021].

A.B said that the team can get things done -indeed the latest RNS said that Mt Mason is at Final Investment Decision. "

[Mt Mason is HIGH GRADE HEMATITE iron ore, W.Australia at 5.9Mt @60.1%]

GINA RINEHART
As said she has got into MT BEVAN and can take up her stake to 51%.
It is NEXT DOOR TO MT MASON [Juno]. Mt Bevan has 2 properties in the licence and the Ind and Inf is 1.17 Billion tonnes at 34.9% [MAGNETITE]. Stockhead.com. au in their article stated: "HANC OCK is MAKING A BIG MOVE INTO MAGNETITE iron ore" -17.11.21 [Ref: Mt Bevan]. IRON ORE INDUSTY WOULD HAVE NOTED THIS.

------------MT IDA [JUNO] IS ALSO MAGNETITE, IN THE W.A AS MT BEAVAN & ALMOST DOUBLE THE SIZE OF MT BEVAN.-----------SO, WITH FEASIBLITY STUDY STAGE AT MT IDA ["PRESENTATION SAID ADVANCED STAGE], IT COULD ATTRACT INTEREST, as norm.------
After all, the FTSE250 co in the UK could pay £8.8m in 2012 when Mt Ida was just 500Mt [less by more than 3 TIMES from current resource] and NOT even in production.

-----------------ISNT A. BELL SAYING THAT JUNO IS A TYPE OR JUPITER II?--------------------
Jupiter was very clever to do work on Mt Ida ie technical and wait till the iron ore prices were much, much higher and better. Hence, why Gina is also "making a big move into magnetite iron ore in W.Australia" given prices of iron ore is good. Jupiter had the manganese project which was world class and therefore the mkt would not have given ratings for a mix. So, Jupiter spun it out to JUNO and added a high grade HEMATITE project at Mt Mason, ready to go into production. A recent day appointment includes DAVID MORONEY, a former CFO of WESFARMERS, a multi-billion $ co in Oz and also FIRST QUANTUM. So, he's a big hitter if financing is needed next. Also, POSCO as investor at 5% with director on the board only helps given I recall POSCO helped Gina's Roy Hill $10bn raise?

Nice. Mon, 2 May 2022. [public hol, mkt closed]
0.35p, MKt Cap £4.25Million at RRR.

To finish the story, the BBC, 23.3.21 covered the Congo mining licences story and this businessman [billionaire] and the Biden admin put sanctions on this chap.
So, now very well known relating to all these sorts of licences packages.

ANDREW BELL
So, on Fri, 29.4.22 Mr Bell, CEO of RRR said he is flying out to the Congo to get the US$15M [50.1% to RRR] , get "EQUAL LICENCES/SPLIT PROPERTIES" for the taken MUSONOI , Kolwezi , DRC copper and cobalt licence.

At the same time, Mr Bell said "FIT FOR US$250 MILLION" litigation OUTSIDE the Congo.
So, if one uses logic and reason, then the Equal Licences or Split properties may be an OPTION out of the US$250m claim [50.1% to RRR].

If it is NOT settled, then as Mr Bell stated in his interview with Proactive Investors, Fri, 29 Sep 2022 [after the Interims came out on the same day] that "FIT FOR US$250 MILLION" LITIGATION OUTSIDE CONGO.

Given the open knowledge now about all these re-sales of licences taken, there will be more bad publicity which may not be welcome given it is registered against the country at international arbitration . Private litigation against the INTERNATIONAL CO that bought RRR's licence [50.1%] at Musonoi means that they have to DECLARE in their accounts [notes] that there is litigation risk. Moreover, they CANT GO AHEAD NOW WITH DEVELOPMENT OF MUSONOI until the case is SETTTLED.

So, as Mr Bell goes to Congo, perhaps the para state wants this matter to be FULLY SETTLED including the US$250m claim and they have to have it in writing ie legal agreement.
One wonders if this INTERNATIONAL CO wants to develop or do they want to SURRENDER the MUSONOI licence [50.1%] BACK TO RRR. If they want to DEVELOP, they have to SETTLE and maybe why the para state wants to now speak with Mr Bell or vice versa.

Interesting. See what happens when Mr Bell returns from Congo.

-----------WHAT A NICE SURPRISE-----------
1]First, Kenya MIGORI gets returned to RRR after litigation.
2] Mt Ida royalty still intact at 1/2 of 1.5%. 1/2 was sold in 2012 for US$14m [£8.8m] without 3.4 x upgrade in iron ore resource.
Mt Ida now has gone into JUNO and RRR has free shares + bought some more.
Per Mr Bell, Juno will do a Jupiter ie dividends.
Once Juno's Mt Mason is up and running [production], they will blow the dust off Mt Ida, a TIER 1 now after a 3.4X increase in resource upgrade.
3] [ANOTHER BITE AT ROUND TWO OF JUPITER II]. -Mt Ida, Mt Mason. Mt Ida royalty. Divis?
4] "OFFER FOR OUR ASSETS" [plural]-Bell on Fri, 29 Apr 2022.
5] CONGO TRIP as above -what will the para state offer as settlement? BELL MENTIONED "MONEY BACK FROM CONGO-LIQUIDITY EVENT."
6] Zimbabwe licences granted - a hot area to be in [lithium]. At Zulu [Zimbabwe], SUZHOU is fast-tracking the project with floatation plant coming. Bell mentioned JV and assay results.
7] Kenya Migori gold/tailings - Bell is trying to get a partner.
8] Elephant Oil IPO -filing put in for NASDAQ listing.

Nice news - A.Bell on F

LoL , you flew over from your other forums and a/c to your history, you have not posted on RRR?
29 other projects? Helpful if you could name them? We are in in 2022, and the projects are in the books at £13m/£17m vs £4.2m mkt cap @0.35p.

The MUSONOI, KOLWEZI, DRC IS IN SITU FOR US$125 BILLION.
Just 51% RRR STAKE is a legal claim for US$250 Million from a state govt mining co.
So, 100% of MUSONOI is worth US$500 Million. [51% RRR and 49% someone else].
Can you name 1 CO with a mkt cap of £4.2 Million @0.35p that has US$250 Million potentially due INCLUDING $5+$15m also due [51% RRR]?

ISNT THAT CALLED A.BELL GOT ANOTHER TIER 1 BESIDES JUPITER MINE?
---Facts- AN INTERNATIONAL CO LISTED AT HK$12.8 BILLION IN HK NOW HAS MUSONOI.---

[2] 2ND BITE AT JUPITER.
At Jupiter, the manganese produced the printing machine and at one time, Jupiter was almost DOUBLE of its MKT CAP AT A$470 Million currently, so close to a A$1bn co.

NOW, MT IDA FROM JUPITER HAS GONE INTO JUNO. Juno has a HIGH GRADE HEMATITE IRON ORE PROJECT THAT IS AT DEVELOPMENT STAGE IE FINAL INVESTMENT DECISION at MOUNT M A S O N . Australia's RICHEST IRON ORE BILLIONAIRE, GINA RINEHART HAS JUST BOUGHT 9% NEXT DOOR TO JUNO'S MT MASON CALLED MT BEVAN.

MT BEVAN IS NOT AS BIG AS MT IDA.

RRR WILL RECEIVED ROYALTY FROM MT IDA [left with 1/2 of 1.5% royalty after selling the other 1/2 in 2012 for US$14m or £8.8 million].

OVER THE YEARS, RRR RECEIVED DIVIDEND FROM JUPITER. A.B SAYS THEY ARE DOING IT ALL OVER AGAIN AT JUNO GIVEN THE SAME TEAM. CFO at Juno just appointed days ago and formerly from FIRST QUANTUM, WESFARMERS. Wesfarmers is a BILLIONS $ CO in Australia. Big hitters onboard.

LOTS MORE TO COME FROM EL LIMON ROYALTY, ZIMBABWE LITHIUM JV, KENYA MIGORI, DRC COPPER AT LUAMBISHI etc + CONGO LITIGATION SETTLEMENT OF US$250M +$5M+$15M.

You are talking of yester year, now its new ones. AAAAAH, TIER 1's AT MUSONOI JV 51%, MT IDA TIER 1 ROYALTY BALANCE, JUNO up and coming with Gina's options to take 51% operator ship at Mt Bevan. What Gina does is hot news in the industry and Stockhead.com.au said in their article she is BETTING BIG IN IRON ORE ----------ah, next door to Juno.

News, 1 May 2022.

------------------------Andrew Bell,RRR-------------------------
C.V.
--Per a poster on the other RRR forum and from the link: A.Bell bought some land in Oz and it produced £11m /£14m royalties from Jupiter. Jupiter was a ASX 300 co.
Bell got the former CEO of BHP to inject his manganese project into Jupiter and it became world class and became a "PRINTING MACHINE" [A.B said] and thru DIVIDENDS.
Markets dont like manganese and iron ore in 1 co so Jupiter took the studies to FS, increase the resource and spun it out to JUNO MINERALS. Juno had Mt Mason, a high grade hematite iron ore project due to go into production as it is now at investment decision stage.
A.Bell said Juno is going to follow the same Jupiter pattern of divis. However, they have to keep $ for Mt Ida as the MD of Juno said in the said presentation.

MT IDA is a TIER 1 IRON ORE RESOURCE. [now in Juno and increased resource of 3.4X more]

MT MASON, JUNO
Amazing that Gina, the Iron Ore Queen of Australia is betting big in IRON ORE and going next door to MT MASON, JUNO MINERALS. Isnt that FORESIGHT OF JUNO TO GET THERE FIRST? Mather complained that
Gina got all the LICENCES SURROUNDING CASCABEL LoL. Yes, she is quick on her feet.

[2] RRR WENT FROM 1P TO 20P PER FIRST EQUITY VIA THE JUPITER EVENT.
Then, next , A.Bell gets MUSONOI , DRC in the KOLWEZI mining district where KAMOA-KAKULA is situation [Robert Friedland's 3rd fortune after nickel and copper at Oyu Tolgoi, Mongolia]. Mr Friedland sold 50% to Zjin for $400 Million [USD].
Certainly, MUSONOI is Tier 1 at SITU IN VALUE IN THE GROUND AT US$125 BILLION [RRR's Geo's on 83 hole assays+750 pages of reports + historical data].

Today, JINCHUAN, $12.8 billion HK , listed on the HK Stock Exchange had begun construction in 2020 and at near end of 2021, applied for a loan of US350 Million to DEVELOP MUSONOI.
So, Jinchuan is a major and from their own words via their website this would provide further GROWTH for their co. So, turns the needle being Tier 1.

UNLOCK VALUE.
From all the research posted, quite a bit of $$$ to unlock from ROYALTY AT MT IDA [got £8.8 million in 2012 selling 50% of their 1.5% royalty when Mt Ida was not yet developed and 3.4X smaller than now] hopefully, RRR can keep the JUNO shares or buy a bit more if able, BIG POTENTIAL LITIGATION SETTLEMENT and other assets on the books. I have listed the bigger ones.

With that, thank you to Mr Bell for his very nice and informative interview on Fri, 1 May 2022.
Oh, A.Bell said "OFFER FOR OUR ASSETS" [plural] so maybe he is going to surprise us?
Got to see.

News, Sun, 1 May 2022.
No more work to do - just wait for Mr Bell's next news/RNS etc and hope for the best.
RRR 0.35p, Mkt Cap £4.2m.
-------------------2 TIER 1's AT MT IDA [NO MORE SHARES BUT 1/2 OF 1.5% ROYALTY LEFT AND MUSONOI [50.1% JV]-------------

and Mt Ida can only come AFTER MT MASON comes on stream as the CEO, Greg Durack said in the said presentation, Juno. A.Bell said SAME TEAM as in Jupiter - DIVIDEND- same at Juno and PRODUCTION NEXT YR plus longer term at MT IDA, 2-3 BN TONNES.

QUESTION- WILL THE OTHER 50% ROYALTY OF 1.5% NOT BE WORTH MORE THAN US$14 [£8.8 Million] NOW THAT THE MT IDA RESOURCE IS 3.49 TIMES BIGGER ?

GINA RINEHART-THE IRON ORE QUEEN OF AUSTRALIA [Billionaire]
Stockhead.com.au: "BULK BUYS: GINA GETS INTO MAGNETITE WITH IRON ORE DEAL."-17 Nov 2021.

"Han ....**** is making a BIG MOVE INTO MAGNETITE, inking an initial $9m deal to FARM INTO MT BEVAN, Western Australia with Legacy and Hawthorn, ASX listed." Gina has the option to take this 9% stake to 51% [operator].

Gina Rinehart owns the huge, massive ROY HILL iron ore project in W.Australia which produces 60Mt a year for export.

MT BEVAN
Indicated and Inferred: 1.17 BILLION TONNES @34% FE. --Juno's Mt Mason EXTENDS TO MT BEVAN.----- However, there are TWO PROJECTS AT MR BEVAN.

Comment: Mt Ida is HUGE [TIER 1] AT 1.85BN VS MT BEVAN 1.17 BILLION.
[BIG MONEY HERE WITH A TIER 1 AT JUNO'S MT IDA -RRR ROYALTY 50% of 1.5% left]
[Has to be MORE THAN £8.8 MILLION in 2012 now].
--
MANAGEMENT OF JUNO:
-GREG DURACK, M.D.
He did the 2 FEASIBLITY STUDIES FOR MT IDA AND MT MASON.
Study Manager for PILBARA MINERALS [mkt cap billions$]-PILGANGOORA LITHIUM/TAN. +metallurgical work.
-DAVID MORGONEY
Just appointed. Independent Chair, NED.
formerly CFO, FIRST QUANTUM, AURORA AND WESFARMERS.
[Accountant].
-PATRICK MURPHY, NED.
MD AMCI. Substantial holder of Juno. 15 years at AMCI & MACQUARIES.
NED at Jupiter.
-NAM LEE, PROJECT MGR, POSCO AUSTRALIA [coking coal and iron ore].
If I recall correctly, POSCO was one of the financiers for GINA's Roy Hill. Gina's is the highest tax payer in Australia - she paid $6 billion in taxes and biggest exporter.

-------------------ANDREW BELLS'S TIER 1, MT IDA---------
This was what sent RRR from 1p to 20p and made PAUL JOHNSON'S FORTUNE believed to be £750k to £1m - it was said recently by one poster that PJ bought in 2010 heavily. PJ only had £7,500 in savings. So, depends when one gets in and if THERE IS A LURKING TIER 1.
First Equity said it was due to JUPITER MINES [manganese and iron ore at Mt Ida]. PJ bought at 2p and sold at 17p.

News, Sun, 1 May 2022.
I have only a very modest sum in RRR. I post research and give everyone the SAME CHANCE as myself at the same price which holds for a time. I dont join any groups or share research later. What I find I post. I dont buy ahead of research. As HawaiiFiveO said, he notices when the "STREAM" OF RESEARCH COMES ON FROM ME, he noted that at XTR!!! LoL. DYOR.
I CANT GUARANTEE ANYTHING SO DYOR.

Jupiter Mines owned Mt Ida, W.Australia. However, as A.Bell said Jupiter was a "printing machine" and they paid out dividends. A.B got the former CEO of BHP to inject his manganese project into Jupiter which was world class. So, with the prices of iron ore at the time, Jupiter decided to wait for a more opportune time for Mt. Ida whilst they did some technical work on it etc. In May 2021, Jupiter listed on the ASX DE-MERGED Mt Ida into
J U N O MINERALS, WHICH LISTED ON THE ASX IN MAY 2021.

Jupiter holders including RRR got FREE SHARES in Juno.
----------------RRR - JUNO MINERALS---------
RRR got 800,000 shares FREE due to their holding in Jupiter Mines and they applied for more at the same time so that their total Juno shares stand at 1 . 4 MILLION.

The team at JUNO are the same as Jupiter per A.Bell. Mr Bell also said they have a 5% CHINESE INVESTOR - I found out it is POSCO, the huge major.

JUNO MINERALS - MT IDA & MT MASON
Juno has just issued an ANN that they are at the stage of making an investment decision relating to Mt Mason ie production of HEMATITE IRON ORE,Western Australia. MT MASON IS HIGH GRADE at 5.9Mt @60.1% FE. [Ref: Juno presentation 16 Nov 2021 AGM at https://www.junominerals.com.au/cproot/1063/3/2301061.pdf ].

MT IDA - JUNO
From the said presentation, "MT IDA --------1.85 BILLION @29.48% FE------------
Large project, Benefication. They will use a ALTERNATE FLOW sheet - lower CAPITAL than current operating mines in W.Australia. ADVANCED STAGE.
P O T E N T I A L L Y T I E R 1."

MOUNT MASON
Per same presentation: "MT MASON WILL BE FAST-TRACKED . ONCE THE OP IS RUNNING IN STEADY STATE, THEN MT I D A WILL HAVE THE DUST BLOWN OFF IT."

Juno came to market on the ASX at A$20m. A.Bell said that COMPARATOR is A$150M.
---------------RRR AND MT IDA ROYALTY----------------
RRR'S ANNUAL REPORT 30.12.21 MENTIONED MT IDA ROYALTY so it is present still.

----------RRR SOLD MT IDA ROYALTY [1/2 of 1.5%]---------
"RRR sells Mt Ida slice."-City AM, 6 Feb 2012.
"RRR said yesterday it had sold a 50% stake in MT IDA ROYALTY ------FOR $14 MILLION[£8.8 MILLION]. FTSE 250 listed ANGLO-PACIFIC is paying $14m for the interest in the iron ore project based in W.Australia & is being developed by Jupiter. Paid in 3 instalments plus some shares. RRR share price 3p +1.38%."
From elsewhere, Mt Ida ONLY HAD A 530 MILLION TONNES IRON ORE RESOURCE at the time of this said sale.

In Juno's 16.11.21 presentation at the AGM, the Mt Ida resource is NOW 1.85 BILLION @ 29.48% FE. --------INCREASE IN IRON ORE MAGNETITE OF 3.49 X [TIMES] BIGGER.!!---

ANGLO-PACIFIC RNS
said they "ACQUIRED 20% of 1.5% GROSS ROYALTY" at Mt Ida. Not sure how City AM said 50% but Anglo, the buyer said 20% of 1.5% gross royalty. Maybe, there is a difference in net and gross figs?

-----------------ANDREW BELL---------
can sell 50% of 1.5% royalty in Mt Ida in 2012 for US$14m [£8.8m] ----A MARVEL!!
Today

I refer to your post dated 28 Apr 2022:

"IMO something will happen on:
1] Migori / Kenya
2] iron ore [project to move forward with big payment to RRR]
3] litigation settlement
[You qualified with TIMING FRAMEWORK]

YOUR 27.4.22 POST, RRR
"I am a recent owner of RRR." [You also qualified you hold shares for 1-2 yrs].

HOW DID I COME TO KNOW ABOUT RRR?
I am interested in lithium. I was looking at cheap mkt caps ie juniors going into the lithium space that do not have big mkt caps. On Twitter, I noticed RRR had just got into Zimbabwe and so I listened to what A.Bell had to say. He said that over the last 4 months, the Chinese are in Zim to monopolise and took over Acadia for $400m [USD]. However, these licences that A.B has applied for etc are via another party and A.B is looking for partners. THESE LICENCES ARE NEAR ACADIA and BIKITA MINE. Colin Bird thru another party could only get near Bikita. So, that was how I landed here at RRR. I am also a RECENT HOLDER due to this lithium story. Then, I decided to see if there was anything else that would provide UPSIDE or UNDERPIN the mkt cap further given to run RRR does cost money with small spends on exploration, licences etc.

So, as I said I was looking if RRR had A TIER 1 PROJECT in its portfolio as I am only interested in Tier 1's. I had discounted Kenya -Migori as I do not consider 3-4moz gold [exploration start potential from initial target of 1-2 moz] TIER 1 [10moz minimum to qualify].

-----------------I FOUND THE TIER 1 AS I SAID NOW AFTER FURTHER RESEARCH------------
Yes, it is in IRON ORE. I will post more a bit later but unfortunately, it is via ROYALTY and maybe in the longer term, the stock RRR hold if they can hang on to it.
I have to run this past folks to confirm. RRR unfortunately does NOT own a big chunk of stock and has sold 1/2 of their royalty.

Will post more later.

So, yes, I agree with you spec99 that those are the immediate areas of interest to unlock value. I am hoping Zimbabwe [lithium] will also be good and the sample assay results will show more.

Sun, 1 May 2022.

HawaiiFiveO
If you read my latest post, you may get a clearer picture. I did wonder why A.Bell mentioned
"EQUAL LICENCES/SPLIT PROPERTIES." Any commercial mind will say that this is NOT possible UNLESS PAYMENT is NOT FORTH COMING by stalling. So, as I said, RRR stated they have provided documentation so there is NO quibble legal wise as they have lodge all legal papers.

Dont forget this is a PARA STATE CO and when A.Bell flys to the CONGO, he will have spoken to them already and they will have had to come to some sort of compromise. So, flying out there is to discuss and hopefully finalise the agreement or pre-agreement.

In so far as the Congo Court is concerned, RRR won 2 cases and in the 1/2 year report of 29.4.22, RRR said, "$4.5m plus cost NOT YET ENFORCED BY US ."

It is the $15m that A.B is flying out for and what the para State means by make sure they know who to pay means they want to pay it. BUT, WHY DOES A.B SAY ALSO THAT HE WANTS EQUAL LICENCES / OR SPLIT PROPERTIES ? This COVERS that if there is NO PAYMENT OF $15M [1/2 to RRR], then comes the NEGOTIATED EQUAL LICENCES/OR SPLIT PROPERTIES.
-----------------========NOTE EQUAL= MEANS EQUAL TO MUSONOI=============
So, specinvestor99 has a point and hence this would explain A.B's EQUAL licence/split property part - NO PARA STATE IS GOING TO GIVE MONEY A N D EQUAL LICENCE/SPLIT PROP.

-----------------THE STATE PARA MAY NOT WANT TO BE SUBJECT TO INTERNATIONAL ARBITRATION IN WASHINGTON AND PARIS PLUS PRIVATE LIGITATION LIKE ENRC--------------
and get this case lodged against the country and yet still have to PAY OUT.

So, yes, HawaiiFiveO, makes sense why they want A.B to fly out as they want to discuss possible CLOSING the matter without international arbitration which is filed in a registry and one can check how many cases a country has lost/won etc. I always check before I invest in any country not TIER 1 jurdisdiction.

Also, A.B cannot afford to offend the para STATE as RRR has 2 more projects there , one being , L U A N S H I M B A, DRC where they have drilled further.

If one offends, then dont hope to do anything more in the country etc not including dont go for A.B?

So, if the para State wants to SETTLE, its not up to A.B to INSIST we want CASH OF 51% OF US$20m PLUS ONCE I FLY OUT, WE FILE A CLAIM FOR US$250 MILLION AGAINST YOU AND MAYBE THE INT. CO?

This is commercially what happens. A.B is not going to risk his own ....as he has a family.

The President of the country is setting up a REGISTRY at the Mines Dept so that all property is registered to prevent further such accidents.

I would be so pleased if A.Bell could get as much cash as he can and EQUAL LICENCES/SPLIT PROPERTIES that he can JV with a MAJOR or if this is too sticky , then as soon as he's out of the country to FILE the $250m claim. However, I dont think its wise for A.B not to sound
very co-operative when he is in the country, dont you think?

LoL.
Sun, 1 May 2022.
S

specinvestor99
18:22, Sun 1 May 2022.
CONGO, MUSONOI, DRC [KOLWEZI MINING DISTRICT]

Thank you for your concise input relating to the US$250 Million claim as it were of which 51% is due to RRR [JV].

Andrew Bell , CEO, RRR told us on Fri, 29.4.22 via the Proactive Investors interview [Irons in the Fire] that RRR will take LITIGATION OUTSIDE CONGO "FIT FOR US$250M."

Meanwhile, he will FLY OUT to the Congo relating to the $5m +$15m.
So, this posturing over the $15m is due to the fact they DONT WANT TO PAY IT OUT and hence A.Bell is take PROPERTY of some sort [A.B said LICENCES/SPLIT PROPERTIES]. Also, if they pay the $15m and YET NOT GET ANY SETTLEMENT OVER THE US$250M [51% to RRR], then, A.B could take the $15m [1/2] and then START LITIGATION FOR US$250M OUTSIDE THE CONGO. Now, we know why the mention of possible taking LICENCES/SPLIT PROPERTIES.

This is the para STATE CO. From what I have learnt, Musonoi was sold to a businessman who then sold it on again to an INTERNATIONAL CO. I will give you the website link that shows that they say they OWN IT.

OWNER OF MUSONOI, DRC NOW
"Jinchuan International also OWNS C O N S T R U C T I N G project [ M U S O N O project]
and 1 exploration project [Lubembe project] in the DRC, which would serve as reliable
resource PROTECTION in the co's CONTINUED DEVELOPMENT in the FUTURE."
From current live website: www.jinchuan-int.com/en/business_overview/mining_operations.php

[Jinchuan International Resource is listed on the HK Stock Exchange with a market cap of $12.8 BILLION, presumably in HK$. In 2020, Jinchuan started construction of Musonoi. In late 2021, I have given the ref title to Jinchuan applying to get a loan of US$350m to develop MUSONOI. So, it is now ready for development but with TITLE to this deposit with Situ-in-Value in the ground of US$125 BILLION, one cant envisage that any PUBLIC CO can start development NOR will banks lend in such circumstances but have the co told their lenders?]

Ah, so. I see there is another post so will have a look if there is further comment.

HawaiiFiveO
CONGO-MUSONOI, KOLWEZI, DRC COPPER AND COPPER PROJECT [US$125 BN VALUE IN GROUND]:

Yes, I agree that the immediate cash to UNLOCK is from the Conga as you said relating to $5m+$15m [$7.5m to RRR in cash/part cash or new licences [17:07, Sun, 1 May 2022]
Yes, I did hear that Andrew Bell will fly to the Congo to get this settle and they want to know who to pay [$15m element of which RRR has 50.1%]. From the Annual Report of 30.12.21 which I have gone over the 2nd time, it does state that it was "PENDING LEGAL CLARIFICATION which we have provided." Yes, no co/entity will pay out unless legal clarification shown and also to sign receipt documents etc otherwise they could be paying the wrong amount etc. All norm.

-------OK, $7.5 Million = £5.9 Million [FX £1=US$1.26]----vs RRR Mkt Cap £4.2m @0.35p-----

ELEPHANT OIL IPO
From the said RRR Annual Report 30.12.21, RRR had UNDER 400,000 Elephant Oil shares having paid $2.25. AR also stated: " Elephant Oil filed Form S1 with NASDAQ as part of the final preparation for listing." In this latest Fri, 29.4.22 interview, A.B told Proactive that they need to remove one shareholder. From Heid_oil's link to the interview from A.B some time ago, one poster on Twitter said that the market cap was $20m [USD] and the issue price was $4.25. Nasdaq has a minimum price at $4 from recall. If successful, I think $2m could be
coming RRR's way if they sell the shares. I read it somewhere but I have to look for my notes again if this is correct.

INTERIM RESULTS, 29.4.22
I wont go into detail but institutions lent RRR £989k [short term] and there are borrowing of £1.25 Million vs cash £182k and Loans and other RECEIVABLES £508k.
So, we have to bear this in mind if there is the LIQUIDITY EVENT from the Congo shortly or when they pay.

{}CONGO-MUSONOI{}
There is the NEXT LITIGATION OUTSIDE CONGO "FIT FOR US$250 MILLION."-A.Bell, 29.4.22
Interview with Proactive Investors [Irons in Fire]. I have already covered this today.
-So, this potential Tier 1 asset could be positive if RRR is able to get this via litigation "outside Congo." This may take a little time to file etc. TIMEFRAME: ?

[] WHAT ELSE? RRR TO DO A 9 BAGGER PER YOUR QUESTION TO ME.
You asked me a SPECIFIC QUESTION OF XTR GOING FROM 1P TO 9P WHICH IS A 9 BAGGER.
At 0.35p , MKT CAP £4.2M , A 9 BAGGER WOULD BE £ 3 7 . 8 MILLION MKT CAP which is reasonable as it is not exactly so huge that it is out of reach.

[] RRR £37.8 MILLION MKT CAP [9 BAGGER FROM TODAY'S £4.2M MKT CAP]
--------********N E E D S TO S E L L SOMETHING BIG.***********----------

[] I HAVE BEEN LOOKING AT WHAT RRR CAN SELL.
I may have found the answer.
Will have dinner first before I embark typing from notes I did 10 mins ago to complete my research.

Sun, 1 May 2022
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