Member Info for specinvestor99

At least AB put in a floor price. That price will be the floor at least for 30 days

At least AB put in a floor price. That price will be the floor at least for 30 days

At least AB put in a floor price. That price will be the floor at least for 30 days

Zumore LOL with my rose colored glasses I hope for a prosperous new year. AB has 30 days to deliver the Congo results

Zumore- I think you are correct. This is the worst type of financing you can get. AB may have no choice given the possible contractual obligation RRR had in their various deals, which again points towards too many deals and lack of detailed financing disclosures for shareholders to know exactly what the next years obligations will be. It also points to AB's naiveite
believing that a Congo deal would happen on time to fund all those obligations

Kimi Who is supporting management here? At the moment there is one choice -AB.

No one else has submitted a name or come forward to say they will run the company

I am sorry you lost money in RRR. I have suffered comparable losses on other deals. I view this a venture capital with high risk and high reward. Most will not be successful. I hope I am right with RRR

When I lost money in the past I dont haunt stock chat rooms. When I invest, I wear my big boy pants and take the loss.

For now I remain optimistic that Congo is a game changer and continue to hold RRR. When I invested I did so thinking 2-3 years. RRR/AB posts and prior news release gave me hope that it would happen sooner, which is always good but it did not happen.

Everyone is different. Better luck with your future investing.

perhaps in England/UK it is used 'informally' but not in Canada or the USA

In either of those 2 countries making those written statements can get you sued. I have a friend who made such a comment, got sued, went to court and got a jury verdict had to pay to $1 million

A quick google search and can you find legal cases where people got sued over written comments on stock chat rooms

I disagree. I have complained about RRR/AB where I believed it was appropriate.

i challenged the criminal allegation because it is not proper.

I have lost money in the market too many times to count but only once due to fraud (president was charged, found guilty and served time in prison)

what laws has AB broken? massive shareholder dilution which was approved by shareholders and/or in compliance with securities laws and regulation is not criminal at least not in Canada. Is this criminal in the UK? i suspect not

you outline possible mismanagement which is not criminal
those placements were approved by shareholders and complied with the law

where is the criminal violation?

explain why it is criminal. That is a serious allegation subject to libel and/or slander

unless you can back that up you should immediately retract it

see https://www.bbc.com/news/business-63858295

"DR Congo: Miner Glencore pays $180m in latest corruption case

Published

5 December

The Kolwezi mine in DRCImage source, Getty Images
By Daniel Thomas
Business reporter, BBC News

The Swiss-based mining company, Glencore, has said it will pay $180m (£147m) to the Democratic Republic of Congo to settle corruption claims.

The agreement covers an 11-year period from 2007 to 2018.

It is the latest in a series of corruption cases which has seen Glencore agree to pay out more than $1.6bn in fines this year.

In May it admitted bribing officials in several African nations including DR Congo (DRC).

The Congolese government has told the BBC it is not commenting.

It followed an investigation by American, British and Brazilian authorities that also covered corruption claims in Latin America.

Despite the fines Glencore is expected to make record profits of around $3.2bn this year......"

news is positive but it leaves out how is it being paid for

RRR's shares were always going to be locked up for 6 months, during that time the project would have drilled at least one well. RRR can only make a 'killing' if the well is sucessful. The funders would never allow prior shareholders to sell before knowing if the project is a success or failure.

The reality is that RRR/AB have dramatically over promised and under delivered this year (prior years as well). There is a reason why the share price is at .36

My best guess- a placement of about 250,000-500,000 this week and then next week news on Congo. Look for friends and family in the placement

see https://www.kitco.com/news/2022-12-06/Lithium-price-to-retreat-from-record-as-electric-car-sales-slow.html

generic info on Lithium is nice but it would be significant if we had more results from RRR's activities on their lithium property

ultimately ELEP will be totally dependent on early results. Existing shareholders have a 180 lock up preventing any sales by RRR

meanwhile the tweets from RRR just keep repeating the Australia information

Probably no surprise due to pending GM to approve more shares. No doubt with warrants attached. Watch for news AFTER the shares are placed with select 'friends'

nice to see something on Elephant but those are events which AB/RRR do not control. What about progress on activities withing their control? Congo? Kenya? Australia? battery metals?

time will tell

AB/RRR certainly have many faults however it does not further discussion to deny the reality of a possible Glencore action.

Denial simply hurts your own credibility of your posts.