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Why doesn't AB buy £50k of stock in RRR and generate some market confidence?

At this stage, it seems crystal clear nothing will rise this stock from the ashes other than actual cash generation - not the promise of it, not the potential of it...but actual cash generation.

Even yesterday's news means that the possibility of cash generation, if absolutely everything goes perfectly, for that project is at least 3 months away. Bearing in mind it relies heavily on two companies working on a gentleman's agreement I think is the reason this has had zero positive impact on the share price. In fact, price has actually dropped...

DRC:

DRC payment was 'imminent' years ago.

Then DRC payment was 'days' away weeks ago.

Yesterday it was 'very close'

For me - imminent is stronger wording than very close so what does this new statement mean???

At this stage I think AB should be quantifying his statements and releases as everyone here must now acknowledge this feels very misleading.

How can you state 'days away' when there is no public evidence to support such a statement??? Then revert back to 'very close' weeks later.

DL:

Upon reflection I also wonder why there was absolutely no mention or conversation on DL and his role to play at RRR.

Spodumene:

AB gave update on 'mine to gate' prices etc. but never clarified why they bought product from other parties or the status of the 200mts shipped to Beira. I'd like clarity on why this happened and if they are still buying from others. was this on gentleman's agreement also?

Funding:

How much spare money does RRR have left. £150-£200k committed yesterday to BK project. What is the currently monthly spend for salaries etc?

News Flow:

8 weeks till equipment arrives for BK project...so what is the next release going to focus on???

Its all too vague for me still.

DYOR

Thanks for posting Helpful.

ON BK...

I'm not a fan of gentleman's agreements in the business world - they're great for moving things along quickly but leave both parties exposed on detail.

It's no more than 50/50 as an example of detail that I'm sure shareholders would like more comfort on.

Without agreement or an SLA there is nothing to state in 6-8 weeks the equipment is diverted without penalty to a better play and RRR are left holding spends setting up a site without equipment. I picked up that the £150k-£200k will not dilute holders directly.

I would ask where the money is coming from then - and will it therefore impact shareholders indirectly. Pass the spend from the pot to another project / general running costs. Would be nice for further clarity on this or even better still, RRR to state no dilution will be made in Q1 or Q2.

Finally...200 years experience - over how many staff? 5??? 200???

On Spodumene...

Finally some useful info on the strategy on the 3% cargo. Now waiting for prices to increase and also stockpiling in Zim. Did not cover what has happened to the 200mts at Beira port though - would be nice to know if that was picked up and returned to Zim site and therefore no ongoing storage costs.

On DRC...

AB: "our resolution is very close"

Possible Stockbox follow up questions...'how do you know this?' 'what gives you that belief?' 'what has happened since your last REACH RNS then'... nope, none of these...just 'thank you'.

Real high quality pressing journalism.

It's a bit of fun helpful... you make money here whether the share price goes up, down or sideways anyway don't you?

Why so serious... anyway, price is rising which is good news - what is stopping RRR making a sale today?

DYOR.

Helpful what is the context on this?

Maybe a loaded question for you but here goes...

If price is rising due to demand then why have RRR not made a sale yet or announced a sale yet if they have sorted a deal.

RRR have previously stated they have their own material, they can export the material, they know 5 Chinese buyers, they also have access to other parties material at 'cheaper than mine to gate price' & we can see from your endless links that the market spot price is increasing.

So what is the hold up???

Surely it's not because Barry is tied up with sorting the DRC payments (tongue in cheek).

Anyone want to place bets on what comes first:

1: DRC payment made

2: Shareholder Dilution

3: Spodumene sale to China

4: Spodumene sale to other party

5: Asset sale worthy of note (£££ 6 figure plus)

6: Announcement of another new / previously archived project needing funding

7: Announcement of another new / previously archived project fully funded

8: ELEP IPO completes

9: Nice tweet of some random employees having lunch or a pretty picture of an asset with some cryptic sentence

9: Something else - take your pick

DYOR

Friday and not even a REACH to keep the spirits alive as RRR had HOPED for...maybe Barry is on holiday this week?

All time low on the share price today if I'm not mistaken?

Helpful - you never responded yesterday so assume we are no longer debating or sharing views?

Agree with you on not comparable...

ECR is fully funded for the year with drilling underway and improved gold results showing. Could be a transformational year for the existing shareholders with a lot less risk due to the funding not being a concern.

ECR therefore may have a lot less potential long term and less assets /licences etc. but they also have a lot less uncertainty than RRR which is why I think the market is pricing them higher than RRR. Just a good couple of no nonsense RNSs and a good leadership interview and the ECR stock has risen over 40% in a week.

The same could definitely happen to RRR if they had focus, strong leadership and a clear vision. As you outlined yesterday on asset disposal - RRR releasing something on this plan or update on actually disposing of something for profit would give market confidence they are streamlining the business, conserving cash, getting rid of pointless assets and focusing on something they might be good at to generate shareholder value. When will this happen?

My perception is the leadership of the two companies is certainly not comparable.

If RRR had no chance of receiving a DRC payment how many would say RRR is worth investing in?

I know I wouldn't be interested for one.

At this stage short term for RRR...

It's wait for some guy called Barry to get RRR a $7.5m cheque - likelihood? (It's now Thursday and still no update from last RNS stating "HOPE" update late last week or early this week)

or wait for the price of spodumene to rise 30-40% so we might find a Chinese buyer at profit - likelihood?

ps. I know I'm somewhat plugging ECR here and apologies to those reading in (I am invested in ECR for disclosure).

DYOR

Helpful - Am I wrong?

HOPE is not WILL is it. Agreed?

You know the word games as well as anyone - it isn't done till its done right?

You call me a troll when I'm invested with a view and a troll when I'm just watching with a view, even though my view has not changed.

As I have put to you before then you must be a ramper because you refuse to accept anything posted here other than your own opinion that RRR is in a 'good place'. I asked you if that statement meant shareholders were by default in a good place... still waiting for your response.

The market has dropped the price again today - was that because of my 2-3 posts? I think not.

H50 - I have dabbled with ECR on and off and got in again last week (seem to have timed it perfectly at 0.25). I watched the stockbox interview and the CEO just gave such a strong message on direction and they have begun to streamline operations outlining focus areas. Spiking today but not too sure why, 0.29 has long been resistance there which hopefully becomes a floor with the hold over that today.

I'll hold out for around 0.4-0.5 there then see where RRR is at.

It would not take much for RRR to follow suit and enjoy the same benefits of realising shareholder value but I think they need a confidence man at the helm. Watching the two comparable CEOs give interviews is chalk and cheese IMO.

For RRR, what is it from natural resources...Is it oil & gas, battery metals, gold, manganese or something else... IPOs, DRC payments to fund something else etc.- time will tell.

Helpful - you basically agreed with me without agreeing with me, maybe we can be friends after all.

No one knows what the spot price will be but we know what it is currently and where it was - therefore you are acknowledging they cannot sell now even though CNY is over unless at a loss. I ask again why did they buy additional product if they had their own supply and why go 200mts rather than one container's worth if just proving an export concept without a buyer. Now incurring port costs unnecessarily - agree?

Why didn't they export it and then import it back to original location to save port costs if no buyer and they openly knew they would not be targeting a sale for another 3 months until after CNY?

On assets, financing etc...RRR should be on with the process and show it is producing shareholder value - SHOULD, but currently they are not, shareholder value comes from a rise in the share price. That is not happening and unlikely to with dilution potential lingering and no news from Barry from the Block.

I ask you again why are you holding through continued dilution and no shareholder value being shown in 2+ years?

Better still, what is your average if you own shares in RRR?

Sales...RRR can sell in the spot market, someone turns up at warehouse in Beira and buys? - Again CAN, but won't and doesn't match with the strategy they released. RRR advised they will be selling ex-destination port (indicated to be China due to the 5 Chinese buyers).

I agree with you that business plans change - RRR should update the market accordingly if they have changed their plans to avoid the perception they are scattergun and seeing what sticks.

At the minute it seems nothing sticks and the market prices the company accordingly.

DVH - You fell for the usual non-committal clever wording... we 'HOPE' for an update.

Rest assured though, Barry the Country Manager is on the case.

Helpful - I'm always happy to debate with you if you don't get petty.

If you have shares you must be severely underwater and therefore it would be good if you could clarify what keeps you invested despite the ongoing dilution to your investment here. What do you consider to be a lot of shares?

I advised my strategy was to sell ahead of further dilution to protect my investment from further loss - why did you decide not do the same to add some context? If you've been here more than 2 years you must be in excess of 70% down unless you keep topping up?

I am bringing to the surface what the company has said and debating on a forum to gauge other (sometimes opposing) views on the matter. As you can see others are now joining and asking what happened to the Greenland money. These snippets along with own research give new & existing investors insight in to how a company is, or has been run and the confidence to invest or look for potential elsewhere.

Subject in hand... no trolling

Have RRR not said they will likely make a loss on 1st export sale?

Have RRR not said they thought that CNY hindered buying

Have RRR not said without DRC they will likely need funding - possibly through asset sale / other?

RRR advised they had completed an export in November which, I agree with you is a milestone but not the end game. The end game was to export to China for sale and build an export market which generates cash flow and hopefully some profits - hence the 5 Chinese Buyers being mentioned. Do you agree?

No trolling, just tabling what is the current state of play on an existing project before RRR jumps into yet another scheme requiring funding.

For full disclosure I am still watching this company - had the AGM been pushed back a few weeks I would have felt safer and maybe even bought a few more to average down. Luckily, I've already made 15% on ECR which is good timing but I see a bigger prize here short term with DRC if a positive RNS lands.

C'mon Barry if you're reading in - pull your finger out !!!

Helpless - My intentions an actions were made clear in my prior posts.

You are in the non-shareholder group aren't you - Pretty certain you hold no direct shares in RRR - correct?

Are those 5 Chinese buyers back from their Chinese New Year break yet. Official Break ended last Sunday.

Surely RRR can now get that huge 200mt sale of 3%+ spodumene at a loss over the line before moving on to oil & gas or yet another pie in the sky project that will need endless funding.

A sale, even at a loss will return some much needed funds back to the pot whilst also giving some further confidence to the market that RRR are indeed internationally connected and have finally got a saleable business product and buyers to go with it.

Failing this, RRR should update market and advise they are no longer pursuing a sale until price rises above $XXXX and that it's currently a dead duck.

Just thought I'd check in to see if update on DRC or dilution and surprised to see neither.

Would certainly bet for update on one or both this week though.

I dipped out into ECR which seems to have a nice recovery story underway and a board shake up. It has given me some okay returns previously when dipping in.

Still interested to see what goes on here and may put some (of my £500 :) )back in once clarity on the two big news events are out.

GLA still holding.

If you are sane or rational why would you ship 10x the volume you need to prove a concept of exports?

We know it was a mix of own spodumene and also purchased so why buy any at all?

There was no agreed buyer or sale to fulfil so no need to rush through a purchase - particularly given the charts you post showed the price of spodumene had dropped every single month in the lead up to the announcement to export.

Strange you don't consider resolution 4 to be a negative - why is that?

Hi News,

I believe RRR will not divulge it as I believe they stated it is commercially sensitive.

I recall them saying they can buy it off another source cheaper than they can mine it themselves though.

My interpretation of this is RRR either have higher than other producer mining costs or other producer (seller to RRR) is prepared to sell to RRR at a loss.

I must state the above is purely my opinion on this matter though and may well be factually incorrect. If you listen to the last 3x stock box interviews on youtube with AB you will glean what you require in answer to your question.

I know you're busy and appreciate the time in response. One final follow up as my day has picked up too...

Why did RRR bother buying off another source then to build the shipment up to 200mts if not pre-sold. Why not just send 1 truck only to prove the export out of Zim concept which would keep the losses to a minimum?

I have a quiet day today before my apparently big £500.00 sell off tomorrow :)

Helpful... you recently posted on this forum:

QUOTE:

He can't make stuff up and he can't just issue RNSs because the SP is down. The NOMAD is fairly restrictive on what can be put in an RNS. I know people on here say, "why wasn't there more detail/more explanation in an RNS" and it is because the NOMAD/the rules don't want it that way. RNSs are supposed to be cold and factual, not sales pitches.

END QUOTE

Given your above statement, what are your views on why RRR issued the last two (REACH) RRR releases which don't need the NOMAD?

The first one highlighting to the market that the country manager we now know as 'Barry' (thanks to your shared knowledge) was asked to attend an unidentified meeting.

My point exactly Spec...