Member Info for specinvestor99

I guess thefts must not be very common in the UK. Unfortunately for the rest of us in the world they are far too common.

By definitions any discovery of a theft happens AFTER it happens. otherwise it would attempted theft.

In any event I know of now known timeline of when it happened, the date of discovery, or when RRR started action

Nor is RRR the sole decider of the 'facts' RRR will obviously want to place a high value both publicly and in arbitration.

A JV asset was sold and a partner took the first 5 million, until decided by the court the payment could have for payment of a debt or in accordance with the JV agreement. Creditors should always get paid even if those creditors are also owners/ equity holds.

NO ONE can prevent theft or fraud from happening. without a doubt I suspect some level of theft exists at all companies of any significant size. Even if it is just for a pencil

IMO AB has done a fantastic job on this. Even though I have been critical of misinformation (NOMAD translations, news conference) and the lack of details on the arbitration etc.

All here and all RRR shareholders should give AB credit where credit is obviously due and owing

still waiting on NOMAD to translate documents and the news conference which were so 'helpfully' posted on this board

NB - I am long on RRR and believe in its future. My opinions are just that opinions. I try very hard to make a difference between my opinion and facts.

If you do not believe that it is possible to lose in arbitration then you have no experience in business or finance.

I am not saying it is likely or probable but no matter how remote in your opinion you should be able to admit that it is a risk

Particularly in this case when we dont even know what was being arbitrated (at least there is no public record) but then you are only 'helpful' when it suits your purpose

Helpful - you are mistaken the minimum award is not $215M but -0-

but I repeat there is no disclosure regarding arbitration-who are the parties and what is being arbitrated

for all we know the pending arbitration is about the venue for the next proceeding

I am still waiting for the new conference as well as the documents to be translated

Once again I ask What is being arbitrated and who are the parties?

This should be a simple disclosure item

great points by Zumore. Plus when repeatedly questioned 'helpful' falls back on 'not in public domain' so I can not share it
yet had no qualms about putting forth the NOMAD had documents to translate. In Canada that is 'false and misleading'
omission and commission are the flip side to simply lying.

The reality is 'imminent' means an unknowable time frame. It is the hand of the arbitrator who could make a decision in the 24 hours or 24 months (probably not that long but I am just making the point) It does not mean 'soon' or 'next week'

what is frustrating is RRR shareholders do not know what is being arbitratred however I suspect that the note holders were given that information. It certainly appears that 'helpfull' has that knowledge.

TOTALLY UNFAIR

the mere announcement of an arbitration proceeding would not prejudicial. In Canada it would be considered a material event and required disclosure.

In addition what happened to last weeks comment that the NOMAD had to translate documents?

Again while the actual events are understandable the mis-directions are not.

AB could have simply stated RRR had proceeded to commence an arbitration proceeding against Gecamines and other parties,

Whatever the RRR position was communicated to the arbitrator could have been comminicated to the RRR shareholders..
IMO AB's messaging needs to be refined to establish and manage expectations

i have made comparable comments in the past. I have no issue if in fact there was an arbitration proceeding. My complaint is the lack of news about such an event.

There is no news regarding this arbitration.

does any one know if the arbitration hearing will set aside the prior court rulings?
was there any irregularities in those court rulings?

Helful- is the NOMAD still translating those documents?

I thought you had some insight as to what is going on.

Needless to say I am disappointed on a number of fronts

WTF What was being arbitrated?
How does this match up with 'accomplishing what he set out for'?

Why was he in Congo for 6 weeks?

any clue as to when news will be forthcoming?

article says Solomon's gold mine was actually placer gold from rivers in Africa

I agree with you (for once). it makes absolutely no sense for a delay of this long.

6 weeks in Congo and (supposedly) 'resolved once and for all'--etc

yet no news

is the higher price and trading volume because of leaks (actual knowledge) or because of these positive sounding tweets

observations on timing of RNS

RRR can announce information prior to the actual receipt of funds. They have already done so when announcing court decisions which included a caveat that funds have not been received. They could do the same here

translation of documents- yes they take but RNS were made on court decision which to be consistent in this line of thought must have also been translation

Are they the RRR directors fluent in French or were documents translated prior to their approving any deal? In my personal experience on significant deals agreements are drafted in both languages prior to any signature

IMO translations dont take this long (AB left last Friday/Saturday?) surely the translations would have started before he left?

IMO most people are not criminal and then something happens to make it change. The presence of a large sum of money can tempt people. If that is coupled with money problems, health issues, drug addictions makes it worse. There are have been a number of studies on financial fraud and its causes. Lots of companies hire people who then end up bad actors

That said I will be increasingly concerned about RNS delays

insider information-yes its criminal but that in this case someone could point to the twitter feed and easily state they were not trading on inside informaiton

Where are you getting $16 million in cash? I see an Aug 2021 financial statement showing $7 million

IMO the opinion on AB's management skill will dramatically increase if there are achievements from Congo

Summit (gold project in Colorado) was a disaster which had a negative impact on Friedland's management yet he bounced back after that and the rest, as they say, is history

great points. then why did RRR sell 10% for US$100,000?

correct RRR did disclose isolated sample results which RRR discribed as their result being 1.43 Li2o

whereas ALR had results as high as 2.49% li20

what RRR has is very encouraging but IMO to say that is better than BHL is premature. but even if it ends up 1/2 as good that still means 15M market cap to RRR just from Litium

I am long with a personally significant investment in RRR so I do hope you are right. This was not on personal list to keep track of for my RRR investment so thank you for bringing it to my attention and sharing this information