Member Info for specinvestor99

When did RRR/AB say they were working on projections? sorry bit lazy today, so I did not look up.

I thought AB said 2-3 weeks. A lot of RRR's problems with disgruntled shareholders are self inflicted By that I mean expectations are set and then not achieved but with no explanation. There is no sense of management just hopping around .

I realize there are too many projects but even in fighting a fire(s) there should be a plan

Tin Hill- I should also added that title is also required in most countries (not sure about Zimbabwe) in order to be loaded onto a ship for export-to avoid stolen property claims etc-also required for conflict minerals. These are just basic requirements since "helpful' owns part of ALR he either should know or not post . I still remember his post that sales would happen in April- At some point being naive must be replaced with something else (take your pick- nativity, stupidity or intentional misstatment)

I still like RRR and lithium but really the RNS need to have more details and not just vague generalities.

Banbury I agree -Tin Hill update is needed from RRR June 15th RNS

"Red Rock Chairman Andrew Bell comments: "Now that we have our environmental clearance, mining can begin on site. We are in a position to start shipping product immediately, and will make announcements as we pass various milestones."

so 25 days later- What does RRR/ALR need to do to make sales? sample and get assays (yes -but has it been done?)

negotiate for sale-are any other permits required? such as a sales license?

arrange for pick up -what equipment is needed and is it readily available?

fyi- In Canada & USA to sell crude oil/natural gas the buyer will want to verify title and get legal title opinion. I dont know how it works in Zimbabwe but in CDN/US that process takes 4-6 weeks. It is a one time process so a second payment on second sale is faster because a legal opinion is not required for any subsequent purchases

TheeDuke-Why did you post that? I try to read and listen to everything RRR says or posts and I have no clue as to RRR's priorities. IMO they lack focus. Personally I would like to see a RNS listing all projects, including those planned for 2023, with comments on what the 2023 activities will be. This includes permitting, license applications etc. So if RRR wants to drill then they first must get a permit, for Zimbabwe it would listing 4 properties, on which 3 they want to file permits for, if other property licenses are planned then RRR should state that.

IMO too much is unknown which leaves "helpful' to post messages which sound plausible but often are not accurate

LOL the vast majority of posters are those who bash RRR, primarily restate how they lost money 10-15 years ago

or they post the Congo funds have not been received (true) despite the decision being 'imminent" as in ready to be issued to issued at any time but they want it to mean a defined time frame like 7 days and then bash that it did not happen in 7 days

How many here are paid by Glencore to bash RRR?

H50--What is the point of arbitration if it is not binding? In the USA non binding arbitration is required in all civil cases. The legal system believes have a 3rd party review the case will help each side understand the relative merits of their case and it encourages settlement reducing the burden on the legal system.

There is plenty of research and opinions on this topic available on the internet

H5o When arbitration was first mentioned over a year ago, I raised lots of questions about how the process actually worked. The challenge in any foreign country for a non native is to "assume' in this case that the arbitration process is similar to the arbitration process in my country of origin. Clearly it is not. In the Congo the arbitrator makes a decision but both sides have to sign it. The leaves no motivation for the losing side to sign it which creates a void for further delay, manipulation, corruption etc. It would also be common for the front people in VUP (the ones with a title like "president or CEO" are not really in charge. It is really hard to find out the real story. This is why someone like Hunter Biden can receive large amounts of money for the "Big Guy". Those in power get rich even though their public salaries are low.

What does this really mean?

-POW needs to get a good project because the current projects are bad

-we dont know how to find a good project so we have pay someone else to do our job

That is the problem when operating in 'foreign' country, they are unfamiliar with the processes involved. (learning curve)

The local people (paid by the foreigner) really have no incentive to provide information leading to the quickest result (less money for them). This includes the professional advisors (either legal, financial or business). They dont care if you leave or get frustrated) another new foreigner comes along

Fact check-it is 'imminent' but the issue is--When will the other side sign? today or 6 months from now.

Unless there is a process in place to force the other side to sign then the arbitration process is useless

Prem says in its FM notice that there has to be a redesign. What is cost? timing? output changes?

is a 2 week problem (probably not)? 6months? 2 years?

costs? 20,000? (probably not) $2 million? or 2+ million

Those answers will give an indication of where share price will go

For now I am looking and evaulating

Is this

Recent events hinge on the definition of Force Majeure. Typidcally this refers to events outside your direct control such as:

Floods, earthquake, labor strikes. In this case its an incorrect design done by a 3rd party.

Unless that agreement is publicly available for review then shareholders are left in the dark.

Canamax will have to go to court to resolve the issue.

"Inter alia, the bearing seal assemblies in the EDS mill are unable to prevent dust and liquid ingress into the bearing assembly and consequentially must be redesigned. Accordingly, and for reasons set out more fully in the Force Majeure notice ("FM Notice") that Premier served on 25 June 2023 under its agreement with Canmax dated 28 July 2022, a formal state of Force Majeure ("FM") is now in effect."

This issue may mean that there will be higher demand (higher price?) for the ore. It also shows the risk of relying on one buyer as well as not meeting the contractual obligations

for now RRR/ALR have a low risk operation to generate cash flow

Banbury LOL really? the RNS was on Zimbabwe/lithium and yet you bash there was nothing about DRC.

I guess when RRR puts out a RNS about Congo you will will bash there was nothing about Zimbabwe, Ivory Coast, Elelphant Oil, Australian etc. RRR has a lot going on

LOL are suggesting that mining equipment is not available? to buy or rent? or to hire a contractor to perform work?

RRR shares would be much higher in the Canadian markets. IMO it seems the AIM investors seem to lose sight of risk vs reward and have the rather naive opinion that management needs to work for free or somehow just deliver positive exploration results. Management at Bre X did really well at that until they got caught

Go to

https://www.voxmarkets.co.uk/articles/andrew-bell-of-red-rock-resources-funds-raised-accelerate-development-of-lithium-project-in-zimbabwe-018a8f6/

Helpful-- RRR/ALR are not planning selling Lithium but rather ore which can be processed into Lithium. much different products, different sales prices and vastly different time frames for cash flow and capital costs

Those differences are why readers on this fail to understand why RRR can have positive cash flow very quickly

Zumore/Helpful- re Tin Hill

My observations which come from actually been part of a team placing projects into production

1)Amateurish managment-Zu made this comment responding to Helpful;s comments (which I would label as naive) but it implies Helpful is actually part of the management team and he is never said that only part of an investment group.

2) sales in 1 week, seller shows up samples and then hauled away in a week-Again simplistic- Lets break that down. When typically sales occur - 3 samples are taken, 1-buyer, 1-reserve for umpire,/ product is delivered and partial payment (80-90%) is made, final payment is made after assay results are received-Note this process is used when there very good estimate or based on prior experience on the grade of the material, Assays take 3-4 weeks

3) assay timing-Helpful says within 2 days- I have no lithium experience, but have in hard metals (gold, silver etc) they take weeks. Keep in mind the samples also have to be delivered to the lab in controlled manner to minimize possible tampering.

There is also the distance between the lab and mine location. How far away are they? How is communication made?

4) Trucks-IF trucks are readily available I doubt they are immediately available, meaning the truck and driver have to be scheduled and this wont happen UNTIL AFTER the assay results are known and a sales price is agreed upon.

All of the above and more are logistically issues which are usually easy to address and manage but IMO not within a week

Overall it is a fast process but IMO not within a week