Member Info for panda1

Pivot from selling lithium then to gold production in BF then to collection of DRC payment and now the pivot is to sell a gold licence (gold in the ground)

"It looks like people have been promising gold but can't deliver" That's sounds very familiar LOL

Did anyone see his tweet before it was deleted?

He got himself into a bit of a pickle.

It reminds me of the time he was posting pictures of bags of lithium 😂🤣

Bell is using a VPN from Lambeth now 😉

If he is travelling back to London today empty handed .............

I was expecting Bell to come out and try to rally the troops today as they are getting restless after him spending 16 days in DRC without any real signs of progress.

He hardly gave any specific details about what he has been doing to make progress and what is arranged for the coming days. Instead he resorted to using the usual trust me and ships coming into harbour metaphor. I think the government is far to busy dealing with the crisis in the east of the country and he pretty much admits this. Even if he comes home waving some sort of agreement, getting the payment will be a completely different matter as all spare state funds are being used for military spending

It's pretty damning what he has to say about Bell:

"Helpful As the co founder of RRR I have a pretty fair idea how anything with which Bell is connected will end up -as does everyone else in London and on this forum. If you have committed considerable funds to this company your best bet is to support a move to install new management before it becomes another hopeless situation like RGM ."

Orion10

Posted in: RRR

Posts: 2,264

Price: 0.50

No Opinion

RE: Migori15 Aug 2019 12:00

In total agreement -always chasing birds but never getting one in the cage.

It is extremely undervalued now given the cash generation from a much higher gold price in combination with such a low AISC and after paying of all the debt taken on to build the mine.

The directors will be chomping at the bit to repeat the process and get the second mine into production as quickly as possible. Once 20p breaks I think we'll see a strong move up which better reflects a more sensible valuation of the company.

I don't blame you for selling out. Results have been disappointing and there's a real risk the share price will slip below 1p which will make any further fundraise highly dilutive

I'm looking forward to the company releasing the financial metrics for Q4 as they should be really positive.

Q1 is shaping up to be even better with a big rise in the gold price.

Feasibility study for Douta could drop any day now. I bet they can't wait to build a second mine!

According to the last annual report the monthly wage costs are £56k so possibly it was to last a week especially when you consider travel costs, hotel bills, rent and general expenses

Bell moaning on X about delays and everything slowing to a crawl in DRC so how long is the £20,000 that was raised recently going to last?

What happened to WSBN Goldwish?

GGP is doing really well for us and now has a big mine that will need lots of ore. I thought WSBN was going to find another Havieron?

I think the debt has risen by 'orders of magnitude' since the DRC dispute began.

Bell talks about the market cap being 'at base camp' but this is very deceiving without including the collosal debt.

Clearly no chance of any payment being received with all government attention on the conflict in the country. There hasn't been any real progress as the other party to the arbitration isn't in agreement and is still trying to delay the progress.

Why on earth would anyone consider buying any shares?

The RNS just shows the company is completely skint.

The other party to the arbitration will obviously see this and smell blood and just keep delaying until RRR goes bust.

From reading Arcadia's press release, it looks like KZG will receive an offer for the Tantulum project and get to keep what has already been paid by Hebei

Https://www.france24.com/en/africa/20250129-dr-congo-and-rwanda-leaders-in-crisis-talks-as-m23-rebels-on-brink-of-seizing-goma

"The US embassy told its citizens to leave the country following the attacks"

No wonder Bell is trying to leave Kinshasa.

What is the current overall net debt figure likely to be taking into account the rate of cashburn?

The last reported figures are as as 30June so 7 months out of date

Achieving a big payout in DRC seems to be just as elusive as ever.

What is plan B for the company being able to pay off the creditors that have been promised a slice of the DRC money?

At least all the crazy posters seem to have given up and moved on to another stock to pump.

It's likely this will drift back down again to where it came from unless there's some real news this time (not a Reach RNS) to keep the momentum going