Member Info for orslega

You either believe it will happen or you don’t. Simple.

https://x.com/abell2019/status/1907389774048149922?s=46&t=2UqfzXPuF4FvtQuH1teczw

Https://x.com/ABell2019/status/1902309508770099240

In the absence of any further updates from RRR, Bell's guidance of 19/3/2025 still stands, he was very clear about this.

From above broadcast:

At 0.25 sec: "...If we had the slightest belief or incling that something was going to happen otherwise that what we have said and projected we would announce it, you can be sure of that...."

At 1.55sec: "....but nobody should be concerned because if there was cause for concern we would have to announce straight way...."

So the takeaway for those actually invested, we still need wait and see, the above update was less than 2 weeks ago.

For regularity announcement reasons DRC is not dead in the water otherwise we would have needed to hear by now otherwise RRR would be in breach of AIM regulations.

Zumore - yes I was in and then exited. Didn’t like what has happening on the lithium front market was turning. As I have said you need to be nimble on AIM, things can change very quickly. Timing and all that.

And yes in the last 6 months I have taken a decent position, as stated. Still think I’ll make good money.

ps do you spend all day every day going back through thousands of posts? Incredibly sad.

I like to keep a very close eye on my investment Banbury.

From you posting activity here I know you do too! lol

Https://x.com/abell2019/status/1905093053469069735?s=46&t=2UqfzXPuF4FvtQuH1teczw

Which African economies are on the up, DRC perhaps?

As a seasoned non investor in case you haven’t realised many AIM listed companies are run by lifestyle boards in some shape or form. Common knowledge.

So the key to being successful on AIM is to pick a company with seriously good potential, time the entry and know when to exit. The very basics dabbling in AIM stocks.

For me RRR fits that description, has been a short term involvement so far and expect to make very good money. May even stay longer term if good news on a few fronts unfolds.

As I have stated before I’m not Helpful’s wingman, I make my own decisions based on my own research. AIM can be cruel so never rely on anyone else.

From what I can see it seems that you spend all your life on this forum slating a company you’re not invested. And making personal attacks along the way. Sad indeed.

Aimdogs, why would specinvestor respond to someone who holds zero shares?

Not difficult to answer that.

There sure is.

Need news to stimulate meaningful discussion.

Yes, correct.

Serious question: why are you actually bothered - you are not shareholder by your own admission?

You spend all of your time on here, mornings, days, nights, weekends. Bizarre at best.

Doing business in Africa is clearly a challenge (understatement), we know that in some considerable depth, and the reason for the delay but it might have easily happened earlier.

Frustrating of course because RRR has been stuck, in pending mode. But Bell has been consistent, the DRC process has to be followed. The route he has chosen is the only one to produce the desired result but in someways and more importantly, the future large scale activities in the DRC (he's talked about).

Yes am expecting good news - when that happens it will completely change narrative around here. Fingers crossed, Bell sounded very upbeat yesterday he did also say recently "suddenly there will be news".

He also mentioned the DRC backstory, that'll be very interesting imo, he was at pains to point out that could not happen just yet, so as not to jeopardise any final outcome.

I'm looking at an option for the book and film rights. Should also be lucrative, lol

JFK - for balance, you might not have also noticed but, no one is really selling. Wonder why that is?

Surely if RRR was going bust you'd want to get out, completely that is. Presumably that is your position?

Anyway pivotal news soon?

Banbury - the difference is I believe he is about to pull of the DRC. You don't.

We know why there have been delays - anybody seriously invested will know and understand why. All in the public domain.

Presumably the CEO of POW may have spoken to the CEO of RRR about this dealt and happy to wait?

Wonder what the CEO of RRR said to the CEO of POW about when POW would receive their 250K….

Chat Gbt take: summaries the position well:

Red Rock Resources Plc (RRR) has been involved in a legal dispute concerning its copper-cobalt joint venture in the Democratic Republic of Congo (DRC). The contention arose when Gécamines, a DRC state-owned mining company, sold certain mining licenses to a subsidiary of Glencore for approximately $420 million. These licenses were previously part of a joint venture between RRR and VUP SA, with RRR holding a 50.1% stake.   

As part of the transaction, Gécamines agreed to compensate VUP with $20 million, of which only $5 million was paid, leaving a balance of $15 million. RRR pursued legal action to claim its share of this unpaid amount. In early 2022, RRR obtained a final and executory judgment for 50.1% of $5 million—the portion already paid to VUP by the initial buyer—and proceeded to arbitration for the remaining $15 million.  

In December 2021, RRR secured an order from the Commercial Court in Lubumbashi instructing its joint venture partner to pay $2.5 million to RRR. The company also sought an additional $11 million in interest and damages, with a judgment anticipated in early 2022. 

As of December 2024, RRR reported that, based on undertakings given by the buyer (Gécamines) during the arbitration process, it expects prompt payment following the arbitration judgment. 

It’s important to note that while Glencore’s subsidiary acquired the licenses, RRR’s legal actions have been directed toward its joint venture partner and Gécamines, not Glencore itself. The outcome of these proceedings remains pending, and RRR continues to apply pressure to secure the compensation it believes is due.  

Banbury you still think no DRC compensation then?

Tick tock, you'll be off soon if what Bell says is right. He couldn't be clearer.

ps you are beginning to run out of material. Very good.

Takeaways for me:

1. DRC monies anyday ("absolutely imminent"), including immediate payment. And he says a lot of money.

2. No dilution at this level. Great. Paying what needs to be paid, bills retaining assets etc

3. Bell going after major compensation re stolen asset. Couldn't be clearer. I expect the judgment in Kinshasa will open that pursuit. That is RRR had 50.1% of the asset stolen.

4. Outside Congo refers to pushing one "one or two things (presumably the NDAs).

5. Preparing Announcements; plural

Happy with this : )

Cont/

within a day or so for $250 million that eventually became $420 million and that those reported for the latter price were expecting to make very good money out of them. So we had uh what was undoubtedly our major most promising assets have taken from us. We have an absolute duty to shareholders to get that money back or die in the attempt so that's what we have been doing. And also I think that having once shown that we can win in the Congo, other opportunities will open up there, and it is still a wonderful place to to work as long as you don't have to do with the government too much. So uh that's what we have been doing and in order to and because we expected results, it has to be said earlier than has actually occurred, we felt justified in keeping some of these other interests going, and they are extremely good assets, and the fact that the gold price is strong means that we don't want to give them up in a hurry. So that's where we are. there hasn't been a lot of change. And uh there hasn't been a lot of change partly because the more we rush around and do things in these other areas, the more money we will need, and at the moment any money we raise would be at a low price compared with what it ought to be. So the interests of all you shareholders out there that we are avoiding that and we are are trying to be extremely economical the way we carry on our business, but as we have been saying now for a couple of months more, it is absolutely imminent that we will get a result from all of this, and we will then make the appropriate announcements, nobody should feel discouraged, nobody should think because it's taken a bit longer, that means it's not happening. My general rule in life in business has always been, deals that get done, get done quickly. things that take too long do not done, but I have to say that in in Congo and perhaps in Africa generally, this is not this is not the case. things do take time. So that's all of that and in the meantime, we are preparing announcements on things and they will come out in due course as soon as we can get them properly documented and get the nomad to approve. So I hope you all have a very good day and that you're having a good spring and let's all hope that for good metal prices and good share price performance to follow that

Here’s a transcript of Bells 6 mins update yesterday for anyone interested ( iPhone produced this at a touch of a button):

It is strongly suggestive to me by various shareholders that I should do another of these broadcasts, so I'm doing it, though without a script and without any prepared remarks, or without effect, nothing really new to say, what I think we have said in the way of announcements remains good. It remains um absolutely true, and if we had the slightest belief or inclining that something was going to happen otherwise than what we have said or projected, we would announce it, you can be sure of that. So, of course, um, because it's taken a bit longer and I can give reasons for that, um some of them connected with, of course, the invasion of Congo from the east fromanda, some of it connected with people's travels, and some it has to be said with just the slowness of bureaucracy and I know, I've made remarks in this country, sometimes about bureaucracy being slow. Actually, I think in recent years it's felt a lot better because so many things can be done online. But in the days when one couldn't do things online wanted to write and wait for a reply, uh this to be very slow here too. I know that there are still some things that do take time. All I say is in Africa, uh things that would take a amount of time here, tend to take a little bit longer. And theongo is certainly not among the best in that respect. So, yes, theine delays and that bumps us up against other deadlines and expectations of being able to do certain things. and we have to handle that, and we have handled it. and again, you know, at the appropriate time you'll come out with announcements, but nobody should be concerned because if there were a cause for concern, that's the thing that we have to announce straight away. So there we are in general terms, the metals we look at, copper cobalt interests in them and gold, everything is looking extremely good, and outside the Congo, we are now pushing forward with one or two things, we had been holding something back because we expected to get a lot of money in from what happens in Congo. But our expectation is that when when we get on the award payment will be extreme extremely fast for that we have spent almost as much time on that as on the judgment itself. You know, it comes a time when you just have to spend a little bit of money. And so we have come up to that point and we have now spent the money necessary, to keep things alive and um it's obvious that we have a range of activities and the reason and haven't disposed of any of them is because of our expectations that we will get back to where we should be, remember that we are the asset in the congo was such an exceptionally good one that it was sold once for $20 million and then immediately within a day or so for $250 millio

He made it clear in his previous broadcast that he was back in London. He said then that he does not need to be in the DRC for the final stage of the DRC arbitration, his local team were dealing with it.

He did also say he will need to return to DRC after the arbitration is finalised to deal with new DRC licence(s) etc

He sounds a little frustrated but not withstanding, still very upbeat. DRC: "Absolutely imminent".

He clearly said he does not want to raise at these levels. Good.