Market cap is too way too low17 Jan 2025 07:48
So I think we will see quite a few more taking a position soon to take advantage of potentially transformational news next week, which imo will be a multiple RRR current lowly market cap of just approx £2.5M.
The reason why the market cap is so low is essentially two fold, one the lack of cash to develop their substantial gold portfolio (hope that changes very soon) and secondly the market does not believe Bell can get the arbitration over the line, so nothing at all in the share price to reflect this.
I think with the final invite as announced this week (from the Presidents Office/Cabinet du Chef d'Erat - headed up by the Chief of Staff) will mean a minimum$10M is nailed on and immediate payment. The Nomad will have insisted on seeing the official invite and understand the proceedings. The RNS was not a Reach but the full version. The arbitration monies are sitting there, Bell will be now back in the UK I believe and then heading back again to Kinshasa (Presidential Palace) in just a few days. Why would he travel again in just a few short days if it nothing was going to happen, imo he simply wouldn't. He's there to collect, and majorly imo.
Listen to his last X update video, he said is also meeting the President next week before the arbitration settlement meeting, that doesn't happen as a courtesy thing, there is business to be done and Bell has hinted it is big business.
RRR has formed a joint venture company, Koto DRC SARL, to facilitate this new DRC licence, coming from the Presidents Office. As Bell has explained it will be cash generative from day one, ie ready to go now, not years of planning and capital investment, but now. Koto he said will be afforded special tax treatment. Why? Well President Felix, recently re-elected for another term, is looking to increase his popularity. One way is to build much needed housing. So as Bell has explained the tax which Koto otherwise pay on the mining profits will be redirected as royalties specifically targeting the new housing initiative. Bell has mentioned that RRR has had discussions with UK property advisors, so my view is there are other third parties involved here.
As most are aware corruption is still rife in DRC so President Office want to build future relationships with whom they can trust. Reading between the lines it seems little ol RRR is one of those parties.
It sounds like the main DRC licence being discussed (Bell mentioned there are a number of others on offer) is huge - it would need to be to support a large housing programme. Bell through RRR previous activities in the DRC it seems has gained considerable local support and critically one of trust, possibly enhanced because of the way he has conducted/persued the arbitration, for example going not going straight to the international Courts, but dealing with it at a local level. Respect gained.
Anyway it's going to fun next few days.
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