Member Info for orslega

Very interesting comment Bell makes about that potential DRC large licence deal - it will receive preferential tax regime and rather than paying royalties the company would contribute to a local social housing scheme; on the housing project he said that he is involving a major shareholder who has expertise.

Https://x.com/i/broadcasts/1vOxwrkagkqJB

Https://x.com/rrr_redrock/status/1869439831241359677?s=46&t=2UqfzXPuF4FvtQuH1teczw

Lots of interest, 534 views since last night.

RRR arbitration settlement imminent imo.

Very interesting!

From Results RNS: First para, last sentence:

“Some 30 months after the conclusion of the arbitration hearings, we are pushing for release of the award. A number of delaying tactics were earlier used to obstruct us, but we have worked to preserve the integrity of the process and keep it on track and it now appears that we are in a position to conclude and opposition and obstruction have visibly melted away. At the same time, we have engaged in indirect discussion with the former local partner and in the last days have reached an understanding on acceptance of the terms of settlement.

We therefore expect a successful conclusion in the near future to our current arbitration, with early payment of any award. The implications however go far beyond these initial victories, and we look forward to a successful future in the DRC and with other ongoing matters.

Should we succeed, we will have put down a marker locally that we are prepared to work in good faith with the DRC authorities and to spend a long time over an extended period, acting always with patience and goodwill, in order to protect our legitimate interests.”

Bell will no doubt go anywhere as long as the DRC President is in situ and available. Been following President movements, he has been at non stop events this past month, like when Bell last visited.

No doubt this invitation is a very encouraging development. Bell won’t be going unless he can finally secure the arbitration monies - in the results RNS he said an understanding had been agreed. Nomad must have insisted on seeing evidence .

Then also the matter of other opportunities in DRC, one of those he said being cash generative from day one.

Could be a very happy New Year for RRR shareholder. Figures firmly crossed.

Bell next:

https://m.miningweekly.com/article/glencore-ceo-meets-with-drc-president-pm-in-kinshasa-2024-12-13

Incorrect. That comment is new. The Nomad would have wanted to see documentation to allow them to say what they said.

That note is not a new development, it was effectively a cut n paste from the 2023 accounts.

" At the same time, we have engaged in indirect discussion with the former local partner and in the last days have reached an understanding on acceptance of the terms of settlement. "

Banbury you do appear fixated and distort:

“The Orslega theory is it’s a good investment so SHs should be delighted.”

I never said that, I said imo the risk v reward is a good one. To confirm I still hold this view.

Please do not make things up, stick with facts when quoting others on this forum.

Tray: "The dilution nightmare continues for RRR like I've said throughout 2024."

In your opinion.

The current facts are that RRR purchase of RRAL has not diluted RRR shareholders as things stand. They have even said today that even more of the consideration will now be paid in cash.

That is interesting in itself.

AIMdog, if there had been placing it would have had to been announced. So discount that completely.

It is clear that major supporters support current activities. Are they stupid? I doubt it for one minute.

It tells us that RRR will settle in cash.

So in the absence of RRR update, they have just paid POW £200K cash, another £50K cash next month and then £250K now also in cash in 3 months.

The repricing the 166M warrants - it is also at RRR option to repay in cash.

Interesting developments.

Not sure they will speak to anyone, never mind a non shareholder! Hey ho.

Nice 50M on the bell.

Maybe news tomorrow?

DRC Arbitration:

https://x.com/ABell2019/status/1863939823808950576

Zumore, as I said before, quite extraordinary. Even more so - 2013 was over a decade ago!

If you were a shareholder all those years ago, then you obviously lost. So be it, let it go is my advice or take the Bell challenge, what is there to lose? Either way it’ll be a good release.

Bell said he would invite you to a zoom session, that would be fun, recorded, then the 3-4 peeps who look in here can make their own decision. Fairdos?

Blueboy, one sided? Well you might understand why, I was not around in the past; I’m living for today and what might transpire, not issues in the past, I like the opportunity here, even with Bell overstretching RRR in quite a few respects, that like many I don’t like. Balance of probabilities is the way I see it.

Zumore apparently has never been an investor in RRR, but another Bell company. Tough luck I say, such is AIM, happens to many.

Extraordinary.

Zumore - why don’t you take up Bell’s serious offer and try and clear the air, either way. Much better than bellyaching on a bulletin board which frankly has pretty much zero or little audience? Adult behaviour.

I’m sure you’ll feel much better afterwards, rather than storing it all up, regurgitating yet more distant and pretty much tedious stuff. Think also mental heath.

Banbury, maybe join in on that same zoom call Bell has offered? Now there’s a thought. You also can clear all of your concerns.