Member Info for specinvestor99

Old news from June 2023 which has not aged well.

consider this one statement in that 'critique of RRR " the need for a Toronto-based company to start mining a mothballed asset in Colombia in the expectation some royalties might materialise"

Yet that is exactly what is happening see https://x.com/SomaGoldCorp/status/1912912449331929518/photo/1

relating to production at El Limon Mill

I know multiple people on this board have trust issues with what AB/RRR say or write. For some that goes back 20+ years. I get it. Frequent post, sometimes daily to remind everyone of that point ALL THE TIME.

I get it. I understand it. However personally I dont need the reminders

Mark Twain famously said.

'A gold mine is a hole in the ground with a liar on top' Penny stocks are the same

Ronald Reagan in speaking about the Russian said "Trust but verify'

Banbury Lithium ore 200 tons. IMO it has no value If you believe it has 'significant value' then what value do you place on it.

To sell it has to be transported to China but China is only interested in large quantities. It had value a test shipment to negotiate a deal to send thousands of tons. At current prices its not feasible for the project to go into production IMO

It's nice that you believe that there is significant value there but I dont

Lithium- since RRR has written off the asset why should it appear on the financial records?

IMO even if it was there it is not relevant to RRR's current situation

IMO the lithium project was a distraction, something to do while waiting for the DRC situation to be resolved. RRR is still waiting for DRC.

IMO RRR for the past 3 years got involved in too many projects in too many different countries-too much busy work adding to the issue of being underfunded

All of that is water under the bridge and it all comes down is DRC cash award happening or not? will be it published? perhaps as early as tomorrow?

In Canada this would be a sign that something positive is in the works.

The DRC legal Gazette is published weekly every Thursday. So perhaps this is the week that the publication happens

?????? waiting in the car for gas

Zumore- this is moot point. A court has already ruled on this issue. RRR is entitled to receive compensation.

You can argue all you want in favor of VUP but they lost in court and I suspect VUP will also lose in the arbitration

Zumore in your list of options for VUP you neglected the correct legal choice which was:

A: inform the majority JV partner -RRR-so that a decision could be made in accordance with their JV agreement

VUP had no legal authority to make any decision at all. VUP's correct course of action was to inform RRR with perhaps an obligation to Gecamines that VUP does not control/own this property and that is owned by a JV controlled by RRR

It is one thing for a local company to be strong armed by the government but quite another for a foreign investor so the actions of Gecamines may have stopped or at least influenced

Banbury I am might be getting abandonment issues

Zumore that may be what's happening. If AB is the 'driving force' then I can add is the kids are in the car waiting to arrive at the destination

Typo 'the car is of GAS

Banbury I like your added observation on the analogy and agree.

The car is out of car and the parents are telling the children 'don't worry, we will be there soon.'

Worse they were on their way to Disneyland and they can see a sign on the Highway saying 'Disneyland just ahead'

The kids are frantic and are looking at tiktok on their smart phones . One is looking at a video on 'how to drive a car', the second at 'parental abuse' and a third on "emancipation from parent". The dad is left wondering why he had children

Banbury Are you an insider? You state 'no progress'

As an outsider I can only state that there is 'no news' but how do you know that there is no progress?

AB/RRR have stated the arbitration process is being conducted by the Office of the President. DRC just announced a peace plan in their war involving their country so IMO it is understandable if the President's office has been doing other things that they deem more important

RRR/AB has stated publication is the next step in the process. It happens when it happens

This reminds me of the young child on a family road trip constantly saying 'are we there yet?' The child sees no progress and is impatient but the wise parents know that they are progressing towards the destination

Banbury What do you think the number is?

Banbury Glencore contingent claim- 'no attempt to have it recorded' 'material contingent asset'

RRR has not even recognized the $15 million claim which might result from the arbitration award. A legal claim which has been made. RRR has not even filed a legal claim against Glencore so do you realistically expect RRR's auditors to recognize a claim not even made in a legal proceeding?

RRR has faults but this is not one of them.

To be clear RRR has filed no legal claim of any amount against Glencore. A claim, when and if made, will probably include actual damages, lost profits, and punitive damages. The passage of time will increase the amount of any claim. A long passage of time might eliminate any claim due to statute of limitations. There are many many variables, It is both 'blue sky' and a 'long shot'. A cash award from the arbitration in RRR's favor increases the likely hood of a possible claim against another party. DRC providing additional business opportunities to RRR may also negatively impact any future possible claims against other parties. There is much that is unknown by RRR's shareholders which given the fluidity and uncertain nature of current events is understandable.

Banbury re "better explanation" I am not sure its better which is not objective measurement but I can offer alternative explanations

1-shorts needed to cover at end of day particularly over a weekend they want to avoid being short

2-someone knows something or thinks they know something

3-delay in processing an order which was actually placed earlier in the day

4-random purchase made by someone who had too much to drink at lunch

5-stock buying by group of people comparable to 'ugly sweater contests'; but uses stock picks in lieu of ugly sweater

Banbury

your statements are biased and lack context

1-Kenya-I agree with your basic observation that Kenya lacks progress. However it ignores the years of litigation, delays in permits etc Yes there is debt but debt does not impact the salability of any asset (that's any asset owned by anyone). Assets (or companies) are frequently sold with debt. The primary issue is the value of that asset. If Migori was sold say for $20 million then a $1 million debt is really not an issue

2-Cote-samples are not missing however the results have not been disclosed. per the RNS it is not an annual work obligation but a committment over multi year period (I think 5 but I am not sure)

3 Faso-basically agree

4-RRAL-'legally we dont own it' not accurate. There is a contract to purchase under which RRR is late. So I believe RRR is the contract purchaser and thus has rights. It's not the same as owning it but it is also equivalent to ;'not owning it'

It is unsettled

5-Soma-RRR has a written agreement to which both parties have made reference to. Soma has announced getting other ore and licenses with plans to process that ore through the El Limon mill. Until a royalty is due, paid and received by RRR with the appropriate disclosures made along the way I understand why there is uncertainty.

current market situation RRR has a very low market cap which means the market basically agrees with your observation that everything RRR has is basically worthless. That low value is why there is market activity and periodic share trading volume increases which appear when there might be a chance for news

Theeduke thats easy. I would be far better off if I had never brought at all. With decreasing amounts of losses depending on the timing of when I would have sold. I think post some time in the past that I thought RRR had bottomed out around .30 and then again at .10

Now I have resorted to gallows humor and poking at other posters no doubt a reflection of low esteem, loss of confidence and credibility.

Theeduke the downtick is evidence that bashing and de-ramping are effective and work

Theeduke LOL no one on this board has ever had credibility (including my posts)

It is amusing to think you ascribe credibility to people who post under assumed name.

Seriously no one should take advice from any stock chat forum

Nike correct. I made that post knowing that readers would place their own (mis) interpretations on that statement

Posts have done that over and over with AB/RRR. By saying that I am not implying that AB/RRR have no fault in their communications which IMO lack clarity, certainty, take into account financial condition (no cash) and most certainly lack follow up on promises made. Example---Where is update promised for April? April is almost over