Member Info for specinvestor99

H5O you have made multiple posts that there prior restrictions on RRR issuing shares? I see no details other than the typical legal restrictions, which means passing a shareholder resolution which is a routine measure for any non revenue producing company. IMO no one was interested in buying shares so that the alternated was debt convertible into shares at a big discount.

Thats all in the past

IMO

Now IMO has done this cash raise, which I predicted, and the convertible debt is gone I think the possibility for any more dilution in the short term (within 2-3 months) is remote. So now what?

I see 2 events which could dramatically increase RRR shares

1)-lithium

2) Congo cash

There are other positive potentials as (Austalia, Elephant IPO, Migori JVetc) but I dont see them as moving share price 100% plus

Negatives

3) events might not happen

4) outside developments-such as war, global economic issues

The longer events 1 & 2 take then more restless shareholders become which leads to selling pressure.

very positive outlook for the share price both short and long term

Banbury- I saw pictures of lithium (not tin). My first impression was that this stockpile would be immediately sold (ie within a week) but in the interviews with AB he stated they took samples for assays so that they would what they would be selling (smart move). This changes any timing estimate since RRR has to wait for assay results (4-8 weeks? no clue really but no assays are fast)

Banbury- you (as well as others) forget context.

no one predicts price changes (higher or lower) without a forecast of a change of events -either micro or macro.

This concept really needs to be understood when in making investments

Why? It was obvious shares were going to be issued. People who buy shares tend to do research and read. Bully like to be informed. It would have been shocking NOT to raise money

Any evidence of corruption or wrong dealings should be reported to the appropriate authorities. AIM is a regulated market with safeguards in place consisting, at minimum, the NOMAD, independent regulated stock transfer agents. Brokerage firms selling shares of corrupt companies can also be held responsible (at least in Canada) Further the UK may have whistleblower incentives from people who report such behavior (in Canada and US-check out the UK)

who knows you might have a lucrative career in this area

-this is all regulated by the AIM market, there are attorneys involved, the NOMAD, the stock transfer agent etc All of those 3rd parties are there to ensure the rules are followed. If those rules are not followed then the stock transfer agent CANNOT issue shares

AB/RRR have to follow those rules

Banbury- you keep stating things out of context-RRR was stating the Arbitration process was completed, that both side were done presenting their case and the decision is now left to the Arbitrator to make. You write as if that time frame was known-but it is not.

ThSo RRR and its shareholders continue to wait with the decision being "imminent' (AKA-could happen at any time)

Never mind I was wrong and Topvalue was right on the cash raised by RRR

Topvalue-go back and check. I only saw RNS to raise cash of 223,000 , the others RNS were to pay off debt. This is why I expect another cash raise of $200,000 but like you I agree that if Congo cash comes in quickly then they wait.

Lithium

Thanks. I had to go back and re-read the June 15th RNS so not only did RRR receive it last permit but it also lithium potential in 2 other countries.

as I stated before unless the Congo cash is coming soon RRR must be burning through the cash and will be doing another cash raise $200,000+ which could account for part of the selling thats been going on

BB please post facts and the context in which they were stated -AB posted that RRR does not dilute shareholders just for the sake of diluting shareholders

IMO the AIM/RRR restriction on the issuance of shares is pointless as long as a long can obtain convertible debt financing.

Congo claim-selling to professional litigator- Since RRR is waiting for decision it makes sense to wait as there is no current issue to litigate. IMO this may make sense on the larger claim which would be international

Zumore you are correct to point out the differences

Prem has a market cap of 157 million wereas RRR has a market cap of 4.5

Prem forecasts production as "production for July and August will be 1,137 tons per month, increasing to 2,359 tons in September, 3,577 tons in October 2023 and 4,471 tons from 1 December 2023."

RRR is projection 600 tons per month

Prem will have a plant to increase grade % and therefore will sell product at a higher price

RRR will change to that process some time later

Prem has a technical report(s) which have identified a mineral resource, RRR does not

RRR put pictures of the internet including a stock pile and announced they will start sales but there is no technical report stating that lithium is present. Hopefully the sale of the product will be demonstrate that it is there without the need for a technical. If not well then RRR is just going to keep on selling for the cash flow and the market will be left guessing as to what they are selling

There is no such thing as a cash call for public company to its shareholders. At least get the terms right.

RRR is asking for 17% increase, 2/3 of which is for the warrants granted under the prior placements which leave 1/3 for a new placement.

IMO RRR will announce another placement in the coming week. So the RNS projected would

1-GM results

2-lithium sold/or more lithium news

3-cash placement

No one ever lost money by taking a profit

Conmen-they also appear on stock chat rooms posting under assumed names

DYOR

always question anything you read or hear

My guess would be yes unless the Congo cash is definitely coming in. I would be looking for a raise of around 500,000.

RRR has too many other things going which are burning cash.

Lol so not true look at the major shareholders which have announced major positions in the past month. Yes there bashers here who will go and on about how they lost money 10-15 years ago, and directors should work for free and finance the exploration out of their own pocket but because they didn't the shareholders got screwed- it is so sad to see such ignorance

Zumore-No I will ride this one up. This type of buying at fever pitch will go on for awhile. Look for another news release in the next week about Lithium being sold. I would also guess news on Congo as well since AB mentioned it in the video. As you might recall others were posting that based on AB prior history that he never mention Congo again

There is also the ELEP IPO which should generate news within a week