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I went back to hear this again. Early on AB commented that 'ELEP listing would not be as soon as Congo' not an exact quote but interesting context given that ELEP listing appears to be happening in the next week or so

While I am excited about the IPO finally happening it is worthwhile to mention that the average USA IPO lost 19% in 2021-

source https://www.statista.com/statistics/914714/average-year-end-gains-after-ipo-usa/

see

see https://www.thehour.com/business/article/initial-public-offerings-scheduled-to-debut-next-17832352.php

Week of Mar. 13

Elephant Oil - Houston, Texas, 1.4 millions shares, priced $4-$5, managed by Spartan Capital Securities. Proposed Nasdaq symbol ELEP. Business: Early-stage oil and gas E&P focused on under-explored regions in Africa.

yep heard so many times-Just like Kenya

repeat this message every trip AB takes to the Congo until happens--message is good for 3 years unless otherwise cancelled

OMG l am sure AB will remind the Kenyan government that RRR is still waiting for exploitation permit to place the tailings into production, plus the other various permits that are needed

NASDAQ - yes 'start-up' can list, as well as non revenue companies, even shell companies can list.

SPAC's "Special Purpose Acquistition Company" were quite popular They raise money and then go out and look for an operating company.

You might be thinking of a minimum share price requirement for a listing but that does not exist in an IPO. You can google the listing requirements for each of the US Exchanges for more information

makes sense protects everyone No selling shareholder wants to run afoul of the SEC.
For those who worry this will tank the share price- keep in mind that is not anyone's best interest.

Ultimately ELEP will be priced on the work they do, the results and its potential.

IMO its amazing how posters can take the pending IPO of ELEP, which is positive for RRR, as comparable to doomsday is coming be prepared

While the pending Mt Ida royalty is positive I think Congo is closer timing wise

RRR already has a fund raising commitment for more money-go back and read the Dec news announcement there was an additional $1 million committed so less 230,000 would leave an addtional 770,000

This is laughable and so sad.

Complains RRR has poor track record and reputation therefore can not raise money despite the track record that RRR has in fact done exactly that

any dilution suffered by RRR just adds to the damage claim from Glencore. Of course, IMO, thats years away from being resolved.

I suspect/hope that RRR next trip to Congo is a signing ceremony and to arrange money transfers. My view wih rose colored glasses

totally agree. These events are known and therefore can be anticipated. ELEP has June year end. The last quarterly was Sept 30th. The next quarterly would be Dec 31st and due 45 days later so more or less Feb 15. Its now March 6th so why wasn't it done? Even if the raise was completed of Feb 14th the quarterly financial would need to be filed on 10Q. Raise not completed means the S1 needs to be completed so the financial statements get plugged and it should be done by Feb 22nd more or less.

IMO this was a self inflicted wound. Yes it can be fixed. Why not take another 60 days and close the financing then?

IMO every days delay allows for market conditions to change. Instead ELEP operates a 'cruise control' and still has a rather significant overhead even doing nothing which further eats into the money they will be receiving

not encouraging for the ELEP management - this requirement should have been known and thus ready to go. No excuse when management is getting paid and not much else is going on

Helpful- Do you any insight on what is happening at ELEP?

i just noticed another company with a similiar name see https://www.elephantoilandgas.com/about

Maybe the SEC noticed and wants a name change

LOL my comment was made in jest responding a comment that AB give up salary Neither will happen.

nor will shareholders volunteer to work for free at RRR-- that wont happen either.

I am sorry people lost money. owning these shares are risky. I invested for multiple reasons and was willing to hold up for a moderate period of time (3 years) I did so understanding that those reasons might not happen and I could lose a substantial part of my investment. Personally I believe RRR will receive $$$ from Congo. Unfortunately AB believed that it would happen last year and made other committments. In hindsight that was a mistake and as result RRR had to issue more shares

why dont the shareholders help out and give money to RRR? This would certainly help out the company

my observations
1) AB/RRR have consistently been optimistic about timing. Part of the problem is a-nature of personality b) too many projects c) there are almost always delays on anything new-since its never been done there is no reliable benchmark
2) ELEP- there has been no update on the IPO which is very surprising to me since previously multiple web sites had posted that it would soon happen. At this point I would guess that their SEC prospectus will have to be updated with more current financial information.
3) Congo- still well within my original estimated time frame of 3 years and am still convinced this will happen. The problem of course is RRR is underfunded with too many other financial committments
4)Lithium-this project still has the potential to solve RRR short term cash flow with any Congo happening

my guess would be a comprehensive update from RRR on their activities within the next week unless their an RNS on something specific

soon is relative- I worked in Mexico and other places where 'soon' meant sometime in the next 3-6 months. Never underestimate language and cultural differences

thank you for the explanation. I misunderstood your post.

I heard of an "RTO" but that was not what was posted.

It was "Gold RTO" So basically he is suggesting starting a new company then pump up its share price and then take over RRR? LOL this would require a fairness opinion before it was submitted to the exchange, which most likely never approve such a thing. It would require RRR shareholder approval and any material RTO shareholders would not be permitted to vote as RRR shareholders.

I suppose by calling it "GOLD" it somehow conveys that it has real value as oppose to a scheme to deprive long suffering RRR shareholders value from their own assets. No wonder there is so much negativity about AB the crooked group wants to step in. Put up $2 million cash, some flaky assets and take control of 10+ million cash plus tens of millions of other assets

what a scam