Firering Strategic Minerals: From explorer to producer. Watch the video here.
What progress has been made on the two points you raised?
1) DRC asset litigation
2) International arbitration
A reference is made to "Law 101 International arbitration' but this law does not exist and even if it is mean as general reference you have idea that an actual law firm engaged by RRR (which has NOT been done) would make a claim even remotely connected to this concept
Even if you studied the law or perhaps even practice law in the UK you dont have the information to provide legal advice to RRR, unless you are an insider.
Banbury I agree that RRR is far too small of a market cap company for any meaningful short selling yet despite that obviously flaw multiple posters have been posting about short selling hurting the RRR share price.
To me the more obvious reason for a low RRR share price is the failure to deliver any meaningful results
Yes to state the obvious--short selling has risks Yes there are multiple of short selling which has failed
But the point of my post was that for the past several years selling RRR short was successful (for reference please look at stock performance for past several years)
Yes selling short a company drilling a tier 1 asset is risky but is that RRR is doing right now?
And if RRR is not drilling a tier 1 assets is short selling a viable strategy for RRR?
Posters are missing the obvious point about short selliing
-Selling short is a viable investment strategy
-In RRR shares short sellers can profit by the long historical record of RRR not delivering meaningful results as well as RRR frequent raises for cash in particular debt instruments which everyone knows has to result in more shares being issued
DRC recent results
In Dec 2023 Payment was all set to go but got delayed due to pending elections
Jan/Feb 2024 delays because ministers were being appointed
March 2024 consensus that RRR should be paid
I am a shareholder and I truly want to believe (like so many others) that DRC cash will happen,
Please point to something that AB has said or done that shows it something other than "trust me this will soon happen"
Quite frankly the "soon" or "imminent" is getting tiresome. I have read far too many variations of that same story
Its nice but really relevant to actually receiving DRC cash that copper price is higher or that other properties are doing so well. Quite frankly reading those posts is depressing
Likewise reading about International Arbitration while RRR is not actually pursing it just highlights that nothing is really gotten done
If those posts are meant to be positive they really have the opposite effect on anyone who reads what RRR has done or listens to what AB actually says
No doubt they just keep repeating a 3 year old story about the big RRR claim and big share price potential
That would be great if AB had believed that too and focused on making that happen but what happened? AB kept getting project after project
What does AB want us to do? Look at the lithium exports. Take AB's advice
The above title came from an AB reply on X regarding DRC that AB wrote within the past week.
This certainly sounds good taken in isolation but taken into context of the results of the past 3 years is it a good strategy to keep doing the same thing and hope for different results? When thinking about an answer please look up Albert Einstein's quote regarding expecting different results.
Is it time to change strategy?
The title shown above came from RRR's month report.
To put this in context (within last 30 days) RRR has an agreement to purchase POW's other interest in NBGC.
to put this in context of the last 3 years this is repeats what 2 parties were supposedly doing (POW and RRR)
Now only party- RRR- wants to move the project forward. This is hardly a ringing endorsement of the project.
So what will be different now that RRR has sole control of project?
Zumore What is particularly striking is the the use of emojis
I suppose its a sign of the times that they show up in an RNS. Although I did not see them in Canada i suppose the emoji's showed up in the UK. funny huh!
Helpful you are optimistically reading into the comment which actually says
"In DRC and Burkina my colleagues continue working, and honouring the holiday in their own way."
Even if his colleagues are working over the weekend (which it does NOT state---it does not mean the other parties are working. So the bottom line is nothing will be accomplished over the holiday-no surprise there
I found it interest that the mid year report regarding lithium stated : "... current stockpile in Beira and Harare ...")
This would clear up prior non RNS statements made by AB in interviews.
However with the big run up in gold I hope RRR can issue an RNS on a gold project (anyone) Although as AB wrote on X an update is due on DRC so it would be good to read about his recent trip
How would shareholder even know when the vote is by show of hands?
Looks like AB is back in the UK but no RNS on DRC cash so perhaps it is being held up by the NOMAD
I like that POW actually showed details of the votes and not just a 'show of hands"
Resolution
Votes for
% Votes Cast
Votes against
% Votes Cast
Votes withheld
That is the bottom line AB needs to get DRC cash.
AB can give interview say everything is approved and then complain about the news release was not approved by those nefarious "shadow directors'
Its shocking that such my post received any contrary view
IMO the AIM REQUIRES disclosure on significant events thus it is not up to a NOMAD's discretion to deny permissions a RNS on that issue.
Helpful completely missed the point of a NOMAD
Helpful-re: RNS needed to be made, NOMAD permitting
This post seems to suggest that a NOMAD could reject a RNS which needed to be made.
Is a RNS up to the total discretion of a NOMAD?
So if the cash was actually received in RRR's bank account in London a NOMAD could reject the news?
If lithium exports were made to China a NOMAD could reject the news?
If alluvial gold production was actually happening the NOMAD could reject the news?
Perhaps the cash from sale of Greenland happened by the NOMAD rejected the news?
Your suggestion is absolute rubbish
My guess for an RNS is
Significant progress has been made
RRR has been offered more properties which look exciting
we have reached an understanding with VUP that they will be joining us in future litigation regarding Gecamines (remember VUP sold property for $20 million which was then flipped for $540m so VUP lost out on that extra money as well)
VUPS attorneys will join our legal team and RRR has agreed to pay them an initial retainer of ?????? (wink wink this is the money they wanted now but its not a pay off or bribe -wink wink)
Banbury given the time AB has spent in DRC for this trip it seems apparent the 'deal' was not agreed to and it would apprear that some negotiating is going on
Could this be an insider trading on DRC events? Could be
LOL