Member Info for specinvestor99

Burkina Faso even a junta military government wants to collect taxes

get it going RRR and makes some NEWS

How many RRR current shareholders currently have a 'profit' or gain on their RRR shares?

me? I have a loss

At what point (date) should someone have bought RRR shares to have a profit as of today's price (0.06 to 0.055)?

Wow your logic is truly shocking. I have to tell my broker that RRR has profited its shareholders over the past 5 years

How much higher does the Lithium price has to go up in order for RRR to break even on its purchase of ore?

Throwing shade at RRR by pointing out others can get deals done but not RRR?

clever bashing

This thread got off topic so will give my answer

1-yes if you own a less than 100% you sell whatever interest that you own

in the context of RRR and VUP

No VUP did not have the legal authority to sell RRR interest . Looking at RRR's disclosure RRR purchase a property interest which was held by a JV controlled by RRR. VUP had no authority to see a property owned by a JV controlled by RRR.

A DRC court has already ruled that RRR was entitled to receive a portion of the $5 million received by VUP so whatever claims/arguments that VUP made --VUP lost

Banbury I disagree, the actual facts impact the legal implication

consider the meaning of the word you used--

definition of defacto is existing in fact, although perhaps not intended, legal, or accepted:

in particular the phrase 'not intended, legal or accepted''

The creditor of RRR coal might try to go after assets not owned by RRR coal but if the actual loan does not provide for such a claim then it would be up to the courts if they were to allow such claims. Each legal entity is treated as separate under the law. The creditor could also make a claims against a variety of others (such as shareholders) but I would be surprised if the law would permit such a claim.

Banbury charge against RRR coal. Any charge against "RRR coal' only impacts assets owned by RRR coal.

So only charges against RRR impacts the totality of RRR assets

IMO this is a non issue.

Unsecured lenders to RRR know that RRR has the ability to issue shares to pay off the debt. That is a very practical way for those lenders to get paid. A claim on a lithium exploration license in non UK country would is not what any creditor would want to go after.

IMO the points about large claims are interesting but not meaningful right now. IMO they become meaningful only after a successful conclusion of the DRC arbitration. Then a larger claims comes into play at which point RRR will have to engage a law firm to evaluate that claim and determine what is legally possible. (not only the actual damage, but lost profits, unnecessary dilution to RRR shareholders, etc) Can RRR make a claim for those? I hope so. IMO the claim should be as large as possible.

Legal strategy comes into play as some firms may want to avoid including weaker claims, even if they can be made, particularly if there is a history of the court not awarding such claims

Apologies

I left out a word , it should read '... you have NO idea ...."

Re ASSETS

quote from News "ASSETS are FACT. PROOF & EVIDENCE"

Dictionary definition property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Agreed that there are numbers on RRR's balance but is there any 3rd party evidence that they have value?

Have there been any JV or sales to support the dictionary definition?

Reality check- there are valid reasons for the low RRR share price. As a shareholder I dont like it but reality is staring me in the fact. Long meaningless posts will not change why RRR share price is down.

RRR must deliver results

What progress has been made on the two points you raised?

1) DRC asset litigation

2) International arbitration

A reference is made to "Law 101 International arbitration' but this law does not exist and even if it is mean as general reference you have idea that an actual law firm engaged by RRR (which has NOT been done) would make a claim even remotely connected to this concept

Even if you studied the law or perhaps even practice law in the UK you dont have the information to provide legal advice to RRR, unless you are an insider.

Banbury I agree that RRR is far too small of a market cap company for any meaningful short selling yet despite that obviously flaw multiple posters have been posting about short selling hurting the RRR share price.

To me the more obvious reason for a low RRR share price is the failure to deliver any meaningful results

Yes to state the obvious--short selling has risks Yes there are multiple of short selling which has failed

But the point of my post was that for the past several years selling RRR short was successful (for reference please look at stock performance for past several years)

Yes selling short a company drilling a tier 1 asset is risky but is that RRR is doing right now?

And if RRR is not drilling a tier 1 assets is short selling a viable strategy for RRR?

Posters are missing the obvious point about short selliing

-Selling short is a viable investment strategy

-In RRR shares short sellers can profit by the long historical record of RRR not delivering meaningful results as well as RRR frequent raises for cash in particular debt instruments which everyone knows has to result in more shares being issued

DRC recent results

In Dec 2023 Payment was all set to go but got delayed due to pending elections

Jan/Feb 2024 delays because ministers were being appointed

March 2024 consensus that RRR should be paid

I am a shareholder and I truly want to believe (like so many others) that DRC cash will happen,

Please point to something that AB has said or done that shows it something other than "trust me this will soon happen"

Quite frankly the "soon" or "imminent" is getting tiresome. I have read far too many variations of that same story

Its nice but really relevant to actually receiving DRC cash that copper price is higher or that other properties are doing so well. Quite frankly reading those posts is depressing

Likewise reading about International Arbitration while RRR is not actually pursing it just highlights that nothing is really gotten done

If those posts are meant to be positive they really have the opposite effect on anyone who reads what RRR has done or listens to what AB actually says

No doubt they just keep repeating a 3 year old story about the big RRR claim and big share price potential

That would be great if AB had believed that too and focused on making that happen but what happened? AB kept getting project after project

What does AB want us to do? Look at the lithium exports. Take AB's advice

The above title came from an AB reply on X regarding DRC that AB wrote within the past week.

This certainly sounds good taken in isolation but taken into context of the results of the past 3 years is it a good strategy to keep doing the same thing and hope for different results? When thinking about an answer please look up Albert Einstein's quote regarding expecting different results.

Is it time to change strategy?

The title shown above came from RRR's month report.

To put this in context (within last 30 days) RRR has an agreement to purchase POW's other interest in NBGC.

to put this in context of the last 3 years this is repeats what 2 parties were supposedly doing (POW and RRR)

Now only party- RRR- wants to move the project forward. This is hardly a ringing endorsement of the project.

So what will be different now that RRR has sole control of project?

Zumore What is particularly striking is the the use of emojis

I suppose its a sign of the times that they show up in an RNS. Although I did not see them in Canada i suppose the emoji's showed up in the UK. funny huh!