Member Info for specinvestor99

to be clear Elephant Oil does have an IPO (initial public offering)

There is an offer but as of yet no acceptance. Once competed there is no more IPO

So the risk factor for RRR and its shareholders - Will the IPO be completed?

You need to read and understand this

FCA -Important Message from the Financial Conduct Authority

Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison.

Agreed KimiR posted as a seriously negative comment about Elephant Oil PRIOR to the completion of a $20 million financing which not only could prevent that financing but also harm all those others involved.

The SEC filings are made penalties of perjury that all material facts have been disclosed. Not only are there financial penalties but it is also a felony which means jail time for those who make such false statement to the SEC

I repost the message from the Financial Conduct Authority and must really stress to KimiR to read this
FCA Logo

Important Message from the Financial Conduct Authority
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison.

your comments are vague. If you have details on "expose" or "shady characters" then please provide.

I just reviewed the SEC filing of Elephant and "Helpful" is not shown as a principal shareholder. Obviously "helpul" is not a real name. The anonymity of stock chat rooms is why post can be full of BS

IMO you are paid basher if someone bashes without getting paid then perhaps emotional issues are involved. Either way such views are dimissed

my comments dealt with my own personal investing style. I do my own DD. I have made investments over 40 years and not once have I encountered a CEO (of a small mining/exploration company) with a posittion of dont buy these shares. Our future results will be bad. They always have cavaets and conditions for those forecasted future events

Even now AB/RRR state conditions on those future events.

IMO RRR is not an investment it is a speculation and there is vast difference between buying shares of RRR versus British Petroleum

re $15 million
This is my understanding
The assets was sold for $20 million of which $5 million was paid (nothing to RRR)
This leaves a remaining balance owed of $15 million Ignoring the 2nd deal for $250 million

RRR should have been paid $2.5 miliion from the initial payment. This gave rise to the court order of $2.5 PLUS damages.

I believe a bank is holding the $15 million and wants documentation/clarification as to how and to whom to pay $15 million
However if the bank (really the people who work for the bank are more likely since this would not have been an official bank action) was somehow involved in the illicit scheme for the $250 million. This may proceed more slowly than a simple payment transaction (as RRR simply providing bank wire instructions and saying now pay us)

thank you for providing more context. While I am not familiar with the Australian process I am with the TSX. The TSX will also review the technical reports and require the consulting to make changes. All of which creates the variables in the exact timing

Bells comment listing 2-3 months IF everything was in their control which it is NOT

Since something always happens to delay the process I would guess 4-5 months
This is a process in which the Australian regulatory authority will review and process. I suspect we all know that any government moves slowly

Obviously the additional license is positive news and the listing process changes from "on hold" to "moving forward" IMO

probably just to dip their toe in the water. They still mgmt to be incentivize to move forward

when I invested a couple of month ago I anticipated that RRR would have to raise additional funding around $1.5 million

IMO successful investing means look at the past but invest with an eye to the future. Its those future events which will determine the future share price

Simplisctically I invest in 5 stocks which have the potential to go up 10x my goal is have at least 1 hit that target
thus i will be wrong 80% of the time but make at least 2x my money

An negative opinion will be right 80% of the time whereas I will only be right 20% of the time but make 2x my money

So I have to live with being right 20% and you can be right 80% of the time. I am OK with that

IMO the share price will not move until a liquidity event happens such as:
1-collect money from Court award on Congo
2-IPO on Elephant -outside of RRR control so unknown
3-Kenyan JV or sale
4-Australian IPO (as noted by prior posters who expressed an opinion this is several months away)

RRR can only directly impact 1 or 3 but 3 IMO is time consuming and I think AB, understandably has been focused on Congo legal proceedings

IMO todays news is positive and builds value but will not move the market for reasons outlined above

I will repeat a portion of my prior post which relates to your issue:
I understand that prior purchasers who still hold RRR bought at significantly higher prices and are disappointed with share price and it very well may be that I too may be disappointed in the future but for now there are multiple reasons to be optimistic

I invest looking towards the future

I will repeat a portion of my prior post which relates to your issue:
I understand that prior purchasers who still hold RRR bought at significantly higher prices and are disappointed with share price and it very well may be that I too may be disappointed in the future but for now there are multiple reasons to be optimistic

I invest looking towards the future

its all opinion whether positive, negative, neutral or no category at all. Everything here is an opinion

people who own stock will naturally be positive. After all if I was negative I would have sold the shares.
shareholders post without the need to be paid. Whereas negative poster (AKA 'bashers') post for a paycheck

I have explained why I am here. I dont need Darien or anyone to post the obvious that this is an opinion board

If you are not a RRR shareholder past or present then why are you here?

agreed--Currently there is ZERO interest in these shares

I will repeat a portion of my prior post which relates to your issue:
I understand that prior purchasers who still hold RRR bought at significantly higher prices and are disappointed with share price and it very well may be that I too may be disappointed in the future but for now there are multiple reasons to be optimistic

I invest looking towards the future

I have previously posted on why I invested in RRR as well as the reasons in no particular order

1-future IPO on Elephant
2-future IPO on Australian assets
3- future deal on Kenyan assets
4-Congo debt resolution

IMO those events can dramatically increase RRR share prince

I understand that prior purchasers who still hold RRR bought at significantly higher prices and are disappointed with share price and it very well may be that I too may be disappointed in the future but for now there are multiple reasons to be optimistic

paid bashers are the worst

Curious response. What would your description be of RRR trading 20+ million in one day?

low
moderate
typical
average