RE: Short squeeze on3 Jun 2026 14:20
NikeAir180 10:14 aspirational hope of getting equipment on ground for production. IMO there is nothing with a public company making forward looking statements, provided such statement are grounded in a sense of reality. In RRR;s case, was equipment really being sent? or was that RNS more like the 2025 chairman;s letter stating DRC had sent $21 million to the housing JV partner only to find out 6 months later that RRR has receive a letter of "no objection' and a 'provisional award"
DAL deal- mutliple RNS, lots of Helpful post that this deal would happen by Dec 31st, then silence.
But one broadcast with a passing comment that a share placing was rejected and a reference to 'short' and we are supposed to forget that RRR is still broke, still has lots of debt
short squeeze- IMO it is much too do about nothing. The catalysts for RRR will be: DRC arb cash, housing JV cash, or DRC mining property close to production. Without one of the those they can be no 'short squeeze"
reality- This week RRR's long suffering shareholders read an RNS with a glimmer of hope with receipt of some official paperwork demonstrating some progress. This is positive. It sound like cash is close (aka 'imminent') but lets pretend that we have not heard that at least once before in the last 3 years.