Member Info for orslega

Banbury. Peeps are not interested in what happened over 8 years ago. Honestly, live for today, AIM works that way.

Anyway did you hear the AB chat show tonight? No longer available. I hear it was a VERY decent rumour.

I didn’t see it.

Let’s see!

Good luck all shareholders owning more than a Weatherspoon lunch box worth. 🤣🤞

I owe no one an apology, my point was an obvious one.

Banbury had previously seen the video and referenced a few times it in previous posts. All on record.

He therefore knew then when Maidit posted it was never ever stated as 1M homes per year. AB clearly said (and not the first time) said they need 1M homes and that it was a long term project.

Banbury chose not to correct the facts about what AB said, but rather carry on imo deliberately to build on a falsehood.

And now I see he has said was Helpful saying 1M houses a year. Another falsehood, imagination running away again, but am I surprised, no.

Banbury you must be mentally exhausted of this and be pleased to hang up your boots. Just think how that will change your life.

Until then I won’t waste any more of my time until AB delivers - no doubt the drivel and personal agenda attacks will continue.

Banbury- I keep an eye here on this forum. I have a decent interest, so like to watch for mid-information. It happens far too often imo. And recently at a pivotal point.

So from your previous comments it is clear you have listened to that Stockbox interview couple of days ago - but you clearly need to listen again and understand what AB actually said about DRC housing needs, rather than misleading; fact: at 6 min Andrew Bell is very clear. He did not say 1M houses per year, he said DRC needs 1M homes. A very different model.

Please stick to what was said rather than making things up.

My advice to you spending literally all day and every hour here: keep your personal agenda to yourself, it might blur the bigger picture unfolding.

The future of RRR imo is very interesting. Expecting to make a shed load.

Posting now for balance only. But clear misinformation needs to be corrected.

Yep DRC is looking extremely good imo.

More than a company maker. Many, many times.

But some may have missed it, Andrew Bell said he’s expecting to renew their Kenya licence shortly. See his last RNS. It’s a biggy, 700K oz gold resource.

Look here:

https://www.rrrplc.com/projects-and-investments/gold/migori-gold-project/

Plus Australia and Burkina Faso gold.

Very interesting times. Indeed.

If Andrew Bell pulls off DRC, for sure RRR will be the darling of AIM for 2026. Absolutely no doubt. He was exuding confidence yesterday.

Good luck to all.

RNS yesterday:

“Meanwhile the resolution of the Company's claims in relation to the Musonoi licence and the grant of the first major copper-cobalt licence since the loss of Musonoi are near the announcement stage.”

Nomad must have seen some evidence, whilst the arbitration cash is obviously crucial and needed near term, AB pointed out in his earlier interview that they were seeking production ready mining licences, so that probably means an immediate offtake to get cash in quickly. He says “major copper-copper licences”.

Musonoi licence, the one stolen - that was a major licence/super pit. So according to AB interview last night we are expecting soon to hear on something of substance, very soon, he said this week.

Peeps need to keep in mind that the deal RRR:Koto have done with DRC Government is under their Public Private Partnership legislation- so the taxes and royalties foregone on profits major mining licences fund the 1M social housing project.

It’s very interesting.

Banbury, your time is nearly up, you probably now realise.

The tide has has turned with today's RNS imo and many will soon see the huge potential what's unfolding here. For me I have been adding on the dips, not far now from a notifiable interest and actually pretty close to breakeven with massive upside potential. Well pleased with AB's efforts, long time coming but it has been complex, AB knows DRC inside out and probably only him can see through. Always have said, risk v reward, big risk but huge reward. Right very much now I favour the latter. Cash has been a big issue why RRR is where it is today, but that will hopefully change very soon. AIM investments we all know can be a risky strategy but there are good examples are fantastic returns.

There are/were many invested here who have either left this board alone either because of the constant personal attacks or those fed up with the constant unsubstantiated drivel/misinformation.

I think and hope that all changes now, good luck to those joining this journey.

Dicko's list is a good summary of assets in play here.

But in case anybody looking in is either new and/or not fully versed about the DRC litigation, the company said today "Meanwhile the resolution of the Company's claims in relation to the loss of the Musoni licence......are near to the announcement stage....". This extract from last published accounts explains the background:

"Legal Proceedings in DRC

The Company expects confirmation that the Cour de Cassation (Supreme Court) had issued judgments in its favour confirming the Company's right to 50.1% of the USD 20 million proceeds of sale of a key licence in 2019, and in addition recognising the verdict of a lower court awarding USD 2 million in costs and damages.

This would be a most important development with a number of implications, and the Company will withhold further comment until it has completed its analysis, but the Company expects early settlement since the funds are held on account by the buyer of the assets in order to be available for payment once judgment is received."

So, final announcement expected soon. Funds ready, held on account. Payment simultaneously. Plus costs and damages. Very nice.

So above they added "with a number of implications..." What could that be referring to? Well actually one of the the very reasons why some speculatively invested in RRR, that is to seek to recover the substantial loss suffered for the stolen Musoni licence (a copper/cobalt) superpit - it was sold on without RRR knowledge at many multiples of the $20M. Glencore will be in the frame as they were the end beneficiary, unless they can prove no knowledge of corruption (Note in 2022 Glencore paid $180M directly to DRC Government in settlement of corruption claims). The legal conclusion of the arbitration will open that claim should they decide.

With todays news and more planned as announced, and so many excellent assets (which have lacked funds to progress) imo the market cap is looking ridiculous. That should all change soon.

RRR said today..and near announcement the grant of the first MAJOR copper - cobalt licence.

Guess what Goldman Sach and Citi both said today, timing is everything.

https://www.economies.com/commodities/copper-news/goldman-sachs-and-citi-raise-copper-price-forecasts-on-supply-disruptions-and-strong-us-demand-48979

Bring it on.

RNS:" Meanwhile the resolution of the Company's claims in relation to the Musonoi licence and the grant of the first major copper-cobalt licence since the loss of Musonoi are near the announcement stage."

Bring it on!

It's huge.

Major re-rate in progress.

Very nice.

Well worth the wait : )

RNS 23/10/25:

“The initial financial cost of the social housing programme is now secured, from external sources.”

NOMAD would have wanted evidence.

It’s happening imo.

Yes I did notice that but of course it's all a load of baloney - even though the auditors allowed him to say that in the published accounts. Really, so that'll be a yes then - verified payment - that's what auditors do.

Of additional and of even more significant upside on the PPP JV, what did Andrew Bell say in his last video update chat, very interesting imo? Worth reflecting.

1. There is going to be a due diligence trip to Saudi shortly (this month?), after which there will more orders for factories. He clearly said another 6 factories were planned. So that would 9 for starters. 3,000 units per factory per annum conservatively (he said once streamlined may up to 5,000 units) - so prudent, annualised at 27,000 housing units.

So who's going to fund US$41M near term for the next 6 housing factories then? Maybe another DRC Ministry again initially? But obviously there needs to be a serious financial source moving forward to back such a large model, an already producing mega DRC licence to fund this likely imo. Fits the DRC PPP model. Andrew Bell said there was a shortlist of licences (from the President Office). Maybe they are closer on deciding?

2. He said Koto JV would be entitled to a profit over-ride - recall he mentioned around $2,500 per housing unit. 9 factories means, full year, 27,000 x $2,500 = $67.5M to Koto, for starters. RRR have 50% of Koto. Think he also said somewhere that there will be profit to Koto on installation of each factory. All adds up.

3. Andrew Bell also explained that Koto JV will be selling the completed houses back to the DRC Ministry of Rural Affairs (the first contract, other DRC Ministries are planned he said) - so it seems contractually Koto will have a buyer for all units, so no financial risk holding completed housing stock. Not surprising, DRC need over 1M social houses, probably just for starters, DRC are very keen to kick start the programme, a major initiative, hence the funding of initial $21M.

The JV presentation on LinkedIn says 145 factories are needed in total. Serious numbers going forward on what will be along term project.

Dicko's list is a good summary of other RRR current assets. Any one those listed succeeding will be transformational for both the company and recent investors imo. I see a few succeeding.

Happy new year and good luck to all RRR holders.

Banbury it's not nonsense.

Ask yourself why would NOMAD allow an RNS? Why would the DRC Government pay $21.M? Why has Koto/AB been televised meeting the DRC Ministry....signed Heads of Agreement....could go on.

It's all lies then......oh well.

What will you say when RRR announce that Koto has received $21.5M?

The Arbitration delivery imo will happen but AB has no control over the process, he has explained where we are.

Banburyboy - I think you will be very relieved to take time away from this board, as proposed. Monitoring this board 24 hours a day, everyday, for many years is really not healthy position to take. Life is really too short, much better things to do. Think of the release....

Good luck to all genuine RRR holders. (You can never really tell on these boards....).

I stick to what I have said here before, imo this is an excellent risk v reward opportunity (in AIM terms). I accept that AB has failed others but timing and all that....

Koto Valuation at 12x P/EUsing the JV's projected Year 10 normalized annual profit of $883.5M (full scale: 145 factories × 3,000 units × $2,500 profit):Enterprise Value: $883.5M × 12 = $10,602M ($10.6B).

This is higher than the prior DCF ($1.385B) due to P/E capturing perpetual growth optimism; blend for realism: $6-8B EV.

RRR's 50% Stake: $3-4B (up from $693M DCF; reflects market enthusiasm if MoU progresses).

Impact on RRR Share PriceRRR (AIM: RRR.L) trades at a tiny fraction of its JV potential, creating massive upside if the Koto deal de-risks (e.g., first factory operational by mid-2026).Current Snapshot (as of 12 Dec 2025)Share Price: 0.0375p (£0.000375).

Market Cap: £2.7M (~$3.4M USD).

Shares Outstanding: 7.21B.

Valuation ResultUsing Discounted Cash Flow (DCF), the enterprise value of the Koto JV is $1,385,237,411. RRR's 50% share: $692,618,706 (rounded to $693 million). This captures the NPV of projected cash flows plus terminal value, discounted at 25%. Sensitivity: At 20% discount, RRR share rises to ~$1.1B; at 30%, falls to ~$480M. Risks (e.g., execution delays, currency devaluation) could halve this; upsides (faster ramp, mining synergies) could double it.This is a high-level model based on available data—actuals depend on MoU implementation (kicked off Oct 2025).

-----

Impact on RRR share price - I'll let peeps do their own AI search. It's a big - even with all risks associated with DRC.

So quick this AI stuff (big caveat - this ignores the mining profits):

Valuation of Koto JV (Social Housing in DRC) – RRR's 50% Share

The Koto-Red Rock Resources (RRR) joint venture (JV) is a 50:50 partnership focused on prefabricated social housing in the Democratic Republic of Congo (DRC), under the 2014 Public-Private Partnership Act. Funding for factories and operations is secured externally by the DRC Ministry of Rural Development, with no upfront capital required from RRR or Koto. The JV supports government social goals while enabling RRR access to copper, cobalt, and gold mining licenses.

Based on official announcements, each factory produces 3,000 units annually (clarifying the initial 3 factories yield 9,000 units/year, not 3,000 total). Year 2 adds 6 factories (total 9 factories, 27,000 units). Scaling targets 145 factories (one per territory, aligning with ~142 cited in sources). With a DRC housing deficit exceeding 4 million units (user-noted >1M is conservative; Kinshasa alone needs ~263,000/year), demand supports long-term production.

Key Assumptions for DCF Valuation

Profit: $2,500 net per unit to Koto (as specified; no contradictory data found on unit economics—social units are low-cost, ~$5,000–$10,000 total build cost in similar African projects, implying ~25–50% margins).

Ramp-up: Linear addition of ~13.6 factories/year from Year 3 to reach 145 by Year 12 (10-year ramp post-Year 2).

Forecast Period: 10 years (2026 start, post-MoU).

Terminal Value: Perpetual growth at 3% (DRC inflation/population growth) from Year 10 cash flow.

Discount Rate: 25% (high due to DRC political/economic risks; emerging market construction WACC benchmark 20–30%).

No Capex/Opex for JV: Government-funded; profits are free cash flow.

Currency: USD (as specified).

cont/

Just catching up, listened to AB update yesterday.

Nearly 400 views:

https://x.com/abell2019/status/1999446140216045974?s=46

Not sure if this has been picked up but is very important - he said (at 1 min 35 sec) Ministry of Rural Affairs are essentially the buyers of the social housing units, DRC Ministry then sell on to end user. So Koto have a guaranteed buyer, who better than the DRC Government, so zero risk.

He also explicitly said Koto were the DRC Government preferred supplier, and that Koto was also talking to other Ministry departments to scale up the factories from 3 to 9 next year. Each producing 3,000 units (he also said potentially capability of 5,000 units for each factory), with a profit on each unit to Koto.

In a previous video he said each housing unit produced will mean approx $2,500 profit to Koto.

Sticking with low estimate, initial numbers: 9 x 3,000 x $2,500 = $67.5M annual profit to Koto. RRR share is 50%, so a very lucrative long term compounding business model.

And then scaling up, towards the need for 1M social homes. Long term plan as stated, is 245 factories in 145 territories in DRC = 145 factories. Mega business. What's a reasonable discounted valuation?

I'll have look at AI. Have no doubt the valuation will be huge.

When RRR announce that the $21.5M has cleared into Koto's bank (this coming week?) that will tell the market that it is the start of a mega business.

This continuing issue is that the long term naysers here believe Andrew Bell will not deliver. Tainted vision by losses from the past.

But what happens if he does deliver?

The risk v reward is getting better and better imo for near term holders.

Let's see what unfolds, timing in AIM is critical. imo now is the time for RRR.

Isn’t Andrew Bell looking at Copper mine from DRC President Office? Timing could be very good:

https://www.reuters.com/business/finance/ubs-raises-copper-outlook-mine-disruptions-deepen-supply-deficits-2025-11-24/

I haven’t been here 4 years in waiting.

Timing as always is everything in AIM. Yes no disputing that it has taken (the arbitration) even longer than most expected.

If doesn’t happen, then obviously shareholders get diluted my current paper profit goes. Thats AIM.

But as I have said here before the risk v reward is too great not to take a position (if that’s your strategy). In my opinion that is soon to be vindicated.

Good luck all holders, it’s going to get interesting here soon, imo

It is a clear indicator the way the Supreme Court will go with the decision on this and from the sounds of the latest, very soon.

You either think Andrew Bell is about to pull this off you don’t. I do.

What happens then if he does? Answer, other doors immediately open for RRR, not only in the DRC (already happening) but gold assets in Australia, IPO talked about, Kenya JV, Burkina Faso development etc etc

News rich period indeed, very much looking forward.