Member Info for specinvestor99

IMO Auger drilling has significant limitations for potential limitations for potential placer operation. A backhoe or excavator would be better. If they find something they also need to move quickly because illegal miners will be right behind them. I suspect Auger drilling is just stage one

Thankfully they have contracted with an experienced group

Banbury my point was 2,000 not 1,000 -however the bigger issue is scalability. The more tonnes the more profit.

Lithium exporting

1-is it profitable? unknown

2-it is scalable, if yes how big ? unknown

3-Is this even real or just face saving? unknown

for me -all this activity on Lithium for the past 2 years I never even would have started- i would have focused on DRC and if it meant I had to wait and do nothing but collect a salary then thats what I would do (maybe defer a bit depending on my ability to live and eat)

Banbury- IMO there is limited lithium information available to make a conclusion but creating a business with positive cash flow is hard. 14k for 200 tonnes means $70 per ton. Why are you saying thats the sales price?

On the internet it say 5% spodumene is $1,000 to $1,200 as of Dec 3rd lets say RRR/ALR exported the bare minimum grade of 3% this should mean a price about $600 per tone. RRR/ALR should be able to mine (or buy) and ship for $300-400 per tone for say a profit of $200 ton. Thats at least $40,000 per month and growing from that point 1,000 tones per month is $400,000

more information would be nice but AB clearly said more information will not made public at this time. It would be nice to know when ship leaves port and possible arrival date in China and date and sales price when sold but given the time frame to get to China (past end of Jan 2024) we would know something about Congo cash before then. Meaning that that are more significant events that will happen to PRIOR to anything meaningful being known about lithium sales

RichyRich- If you had the name and telephone number of RRR 's attorney what information do you think they would give you if you called that person?

Helpful --The election is certainly worth keeping an eye on as a RRR shareholder. Any negative election issues could potentially mar or further delay issuance/payment of the arbitration award

Zumore Congo is a literally a jungle. Toss aside any expectation of a UK/Canada/US legal system with rules and procedures (which for the rich and powerful can be ignored but lets set that aside). AB is saying he expected a resolution by Christmas (he also said he expected it other times as well so clear pieces and people are moving) Now the parties making this happen are saying WOW the election is close let postpone this until after the election- that means Janaury then from the time the decision is handed down (Jan) how much time get all the stamps etc, convey that information to the party who will actually transfer the money (its not like they are waiting around with nothing to do)..

All of the above is plausible. It it the 'truth'? -unknown Will actually happen in January (or is this just another delay)-also unknown.

However I believe this is the first time (I believe) that RRR has actually put a time frame in an RNS.

Again I bought early last year expecting any cash payment would take a minimum of 2 years. I am right on track.

However I was dreadfully wrong thinking RRR would wait until actually receiving funds before committing to other projects. The share dilution has been terrible and my upside reduced as a result. However the upside is still there and personally I believe their approach with lithium exports and alluvial gold production makes sense given their capital resources

What is remarkable is that RRR found out about the delay and was immediately able to raise a significant amount of money -no doubt, in part, to satisfy the auditors concern about a an ongoing business. So the oft mentioned delisting, on this chat board, will not happen

Zumore What will you say if the Congo cash does come quickly say in Jan/Feb

Banbury As a shareholder of course my bias is towards the positive, it would make no sense to own shares of company and thought it would go down/worthless.

My thoughts

these are exciting times

1-Lithium exports can grow 200 then 400 then maybe upward 20,000 for serious money- baby steps

2-audited financial statement will be released-no suspension

3-Burkina Faso-work started towards alluvial gold production maybe in mid/late 2024

new investor with mining expertise and significant experience in Afrika just bought shares at .11 -Since he most likely knows more than me i do take comfort that he made a good decision.

Of course others can look to the past and their lost money and just say he is another fool duped by AB

H50 -yikes Looks like they are out to get you! Hope they are not following you,planted listening devices in your home/office/phone.

Banbury-'zilllions' on a placing for 210,000? at a 15% discount. wow I just don't follow the new math

Banbury

-Warrants put more cash into RRR

-Cash from the Congo is just the first part of recovering damages and the second step will be even more.

(long time to get to that 2nd step)

meanwhile the small cash flow from exporting lithium will start and grow.

No one should believe any broker research report.

Zumore that makes sense that RRR would want to keep it below a $200,000 raise If i had to guess i would say that at least some bills are not getting paid.

Rightly or wrongly AB believes cash from Congo is coming IMO

Robins

The investor already spent money and sent a crew do you think he did that and then wanted shares issued at higher price?

An announcement is not the same thing as cash in the bank today. I would imagine at least 2 -3 week delay from an announcement until cash was actually sent and received If nothing else auditors will want full payment BEFORE the audited financial statements are released

News was released after the market closed so lets see what the market thinks

Maidit -agreed First they got someone else to advance on a project so clearly that party has a positives viewpoint on those projects and Second shares were issue at market, no discount and no warrants

Yes of course RRR is broke and has been broke for over the past year (if not longer)

Personally I am surprised that the raise was not more (audits must be issued by end of year with some assurance that RRR can last for another 12 months)

What is progress on arbitration announcement? by Christmas?

Banbury- your comments on Lithium

so for you something with a "good margin' has "little or no business merit'

clearly I have the opposite viewpoint but personally I dont think your evaluation parameters will lead to much investment success

Since RRR has stated it owns less than 100% then clearly others own some % of ALR, from my point of view it is more noteworthy that someone else put up money. Its also clear that the initial plans (as described in the brokers report) clearly have had to change as a result of the changed requirements made by Zimbabwe as well as market conditions.

Personally I view making changes a sign of strength (not weakness). The export plan makes business sense and takes into consideration the limited capital availability from most certainly RRR and probably the others as well

Capt -kurt I had to laugh when I read your comment

"A independent audit is needed on the DRC situation."

I have operated in enough 3rd world counties to know that the locals frequently say 'tomorrow' or 'soon' in response to a question. No doubt they would tell the 'auditors' the same thing

AB discussed and so much as stated that there people around that are trying to change or manipulate the salutation. The arbitrator wants the parties to agree to his decision (he does have to live there when it s all over) and no doubts want the decision to be accepted (I think both parties have to sign it) This is important because that format is not the arbitration format that exists in Canada (or the US) and most likely does not exist in the UK

That is problem with understanding something in any country -ie we bring our own understanding of what we think the word is and then complain when it is not the same in a totally different country, particularly one based in French common law and not English common law (UK. Canada and US)

Banbury difference in your comments about DRC vs Lithium

DRC cash- AB/RRR consistently say it is a a future event so any comment about it wont happen is clearly an opinion

Lithium- AB/RRR have stated something has happened-Your comment that it is not true is therefore legally actionable IF (and this might be a big IF) something did in fact happen. If your comment is true then no legal claim can be made against you

Just my opinion do your own research

Words matter

Banbury nice try at back tracking your statement of "ALR is dead"

You made a statement (no shades of grey) and then react only when I point out such a statement has potentially legal consequences