Member Info for talkinto

There's life... :)

Robins - with your average I expect you are just holding through regardless then?

BB- See you've now bought in which shocked me a little - are you following my strategy or are you holding through?

Helpful - Correct I am assuming no other news, I may change my decision if something material happens before next Friday but at this stage outside of DRC I cannot fathom what could land which would be so significant.

Thanks all for responses. Interesting to see how others are planning to adapt to next week ahead of the AGM.

Open question to all those invested again ...not a single response yesterday among the bulls or bears ...maybe everyone has me on filter :)

If DRC money does not come by 16th - will you hold through the AGM and potential placing of further 1.5b shares or sell up in advance and buy back in once/if dilution takes place - or not buy back in at all?

If holding through the 16th - any detail on why you're making that particular call.

I'm invested but will be selling by next Friday latest - I am hoping DRC arrives before that point and that's all I'm here for now. I've based my plan on seeing how the company operate and have diluted since last year when I first bought in on 'imminent' DRC money expectations.

We already know the 200mt lithium will be sold at a loss by RRR as they have outlined based on current market price and is not likely to leave Beira for at least another 2 weeks until CNY completes and also a buyer is found so this does not factor in to my decision making. For me it is DRC payment by next week or a withdrawal of article 4 or a postponement of the AGM for 1 month - I believe all would give mass confidence to the market and see a large spike which would hold rather than drain away as seen this week.

5 working days to go.

Open question to all those invested.

If DRC money does not come by 16th - will you hold through the AGM and potential placing of further 1.5b shares or sell up in advance and buy back in once/if dilution takes place?

If holding through - detail on why you're making that call.

I'm invested but will be selling by next Friday latest - I am hoping DRC arrives before that point and that's all I'm here for now. I've based my plan on seeing how the company operate and have diluted since last year when I first bought in on 'imminent' DRC money expectations.

To add balance and transparency, I do not like how this company operates or communicates due to my perception there is a vagueness in every release, but I will wait to see if miracle payment happens before the expected significant dilution occurs.

6 working days to go.

Well for me... it's 8 working days for a miracle payment to appear...Everything else at this stage is just noise & spin.

I suspect this board will now quieten down as most digest today's events and reflect on yesterday's RNS with more intent wondering why we've not had an update from today's important meeting.

Will we see an RNS at 07:00 tomorrow rather than have to wait a week. This is the key confirmation for me on what yesterday's RNS intent was really for.

I sincerely hope my cynical view is proved to be very wrong.

See you at 07:00 RRR.

Now 5pm in Kinshasa... How did that meeting go today AB?

I called this at 08:58 this morning before the 900+m was traded...maybe sometimes LTH do know best.

Another bunch of newbies now stuck in here with the rest of us...

DYOR.

To all those who bought in today based on this vague reach RNS... I hope you don't get stuck here as the price now drips lower once again. Over 830m shares traded and yet price is back to 0% - why???

Surely you all don't think a couple of posters are that influential given the pure spam seen on this board today.

EXTRACT OF RELEASE BELOW:

Our local representative in the DRC has now received a call from Kinshasa advising him to stand by and be ready for this matter to be concluded.

Chairman Andrew Bell comments:

"We have had our local associate working on this very important arbitration, and he was advised last week that the arbitration judgment was now due to be released. We have two other lines of communication that have served as a listening post and potentially a back up to ensure the matter is dealt with speedily. Both have now provided the same feedback on timing, and we have had it confirmed that recent delays have been due to the elections and post-election reshuffle.

Our country manager has been invited to a meeting in Kinshasa on Tuesday and we are hopeful that matters will now progress to a satisfactory conclusion. After 18 months, we believe the other side, like us, will want to receive its portion of the sale consideration without further delay.

Because of the materiality of our $7.5m - indeed $10m - claim, we shall issue a further update next week. Expediting the arbitration is at this point our highest priority. It has been a very long process, and not without incident, but we are hopefully approaching the finishing line."

EXTRACT END

My queries as an investor here for c.6months who wants out before next Friday latest are:

Who is the country manager and who are they actually meeting in Kinshasha?

Why will RRR wait another week to update if meeting is today?

Why did they bother to release this CEO comment as an RNS yesterday rather than give more credible update after a supposed important meeting today?

Why are RRR not postponing resolution 4 to request 1.5 billion shares next Friday?

I'm in but I certainly want out. No deramp just genuine concern that could be rectified by the correct and detailed releases from RRR...The releases are always far too vague for me and laced with words like 'hopeful' & 'believe'.

It's nearly 4pm in Kinshasha, I assume their office hours are similar to UK and the price is not spiking... DYOR.

GB1 - I cannot see that the meeting referenced today even states who it is with, only a location, let alone that it will be to conclude a judgement. I cannot even see that they have referenced who the source is in yesterdays release, but it appears to be inferred that it is someone in an official capacity - I hope it is.

I also sincerely hope it is to receive a positive judgement so I can offload my 16m at 0.15+ but would be really surprised if this can hold over the Dec placing at 0.115 today. Preying to be proved wrong and wish all those investing this week make lots of profits and don't get trapped here too long.

No ramping or de-ramping from me - just facts to keep those gambling on reading a chat board which has blown up overnight he opportunity to make a more informed decision and make profit. I would advise all new to RRR to read the last 10-15 RNS regardless.

I fell for the DRC payment imminent news over 6 months ago now and that's all I'm here for. All would be smart to keep one eye on the 16th February AGM and have a strategy outlined to be in or out before that date.

DYOR

Pumpky - you are correct they will have better info today if indeed they have been invited to a meeting.

So ask yourself why RRR did not wait one day and release an RNS after today's meeting with greater content and impact rather than tell the market they have a meeting today but then not commit to update further until next week.

My opinion - RRR are trying to limp across the line to the AGM and share resolution being passed. As Zumore highlighted earlier, why is AB not on the next flight out and now leaving matters to a country manager !!!!

DYOR

Sadly the spin and the ramps are not enough to get me out of here just yet. But well done RRR on luring in another bunch of punters and immediately putting them underwater, ouch.

The only thing that significantly moves this and holds the share price is the actual RNS saying money is now in RRR hands. As I have previously stated this will be a miracle if it arrives before the 16th.

Lenigas tweeted to say he thought the RNS was being released today...reassuring to see him and AB are already not on the same page after less than a week.

It aint done till it's done but this has at least created a small spike, I hope it continues in the run up to AGM and I prey money arrives before 16th.

I sincerely hope this is not more spin... the update offered for next week needs to be crystal clear, no ambiguity of imminent or still days away etc.

I would also like to see direction from AB stating that no further dilution necessary to reassure those invested. We don't want pump and dump on money received followed by mass share dilution as surely no need with this payment.

I'm a little closer to my 0.15+ exit target so I'm slightly relieved with this RNS. I now welcome a sea of rampers to help me get there over the next two weeks.

Hi Bb - this is AB's address isn't it?

I'm not sure I understand what you're asking?

https://find-and-update.company-information.service.gov.uk/company/11857467/officers

BB - You have summarised it perfectly.

I perceive that there are only two significant short term catalysts that can send the share price in opposite directions and it is simply which will come first during February:

DRC payment or dilution via shares after the AGM, I believe the latter will come at some point regardless of DRC payment arriving or not.

The rest in the short term is simply nonsense and noise. It's clear that no amount of indirect news is moving the share price whether it be consultants, spin doctors, neighbours with good news, small changes in gold price, lithium price, 50 year charts, even a sale at a loss on the 200mts of spodumene.

Those either in or out have 10 trading days to decide which way to lock in a gamble...and make no mistake it is a gamble for the punter but the house always wins.

Another horse analogy springs to mind... flogging a dead horse. I would love to be proved very wrong.

Well if I'm not mistaken the market has had all day to digest this incredible addition to RRR and has valued it at a whopping c.£50k which I imagine they will take off again as we near the AGM date and in absence of a DRC payment which was days away over a week ago.

I cannot believe some of the blind belief on this board today that RRR is now saved and has a long term positive future for current shareholders because a 61 year old with a documented track history has joined.

I ask again helpful - what specifically is he helping with on getting deals over the line that you stated earlier today and do you think this magic will happen before further dilution occurs for bonus points.

Good weekend all...

Noting the link below is for 6% plus spot CIF to China which is what RRR will be benchmarked on when negotiating a sale delivered to destination port - the stuff at the port has only been confirmed as 3% plus... but I'll log a disclaimer that this means it could well be be 6% plus.

Either way, the price has not moved favourably since November 200mt RNS.

https://www.fastmarkets.com/insights/market-volatility-drives-changes-to-qps-in-spodumene-contracts-2024-preview/

It's easy this posting links game isn't it :)

Anyone a fan of the supreme's lyrics:

… Give me DRC why don't you, babe

Get out my life why don't you, babe

'Cause you don't really love me

You just keep me hangin' on

DYOR

Extract from Wikipedia on DL below:

Corporate Governance Related Criticisms

He has been accused of frequently "promoting a company, pushing up the (price of its) shares, then raising cash by placing new shares — and (thus) diluting the holdings of the early investors",[15] described as "a familiar tale with most companies he promotes".[16] His defence has been that "You can’t build a business on bottle tops.".[17] Furthermore, he has argued that it's not accurate to claim that "all his ventures have turned sour".[18] Although finance commentators have noted that most of the "hundreds" of companies he has been involved in, and "stock promoted" for, have failed to generate any successful shareholder returns.[19]

In 2009 he was one of a group of claimants, claiming that he had been libelled when an investment publication in South Africa had described the group of executives of one of Lenigas' ventures as "cynically and greedily indulged in self-enrichment at the expense of, and contrary to the interests of, shareholders."[20] The High Court of Justice of the United Kingdom rejected Lenigas', and the other claimants' libel claim, and found in favour of the publisher.[21]

https://en.wikipedia.org/wiki/David_Lenigas

Take from it what you will. For me it further reaffirms why I won't be holding past the AGM date.

DYOR

Well that was just the RNS we've all been waiting for wasn't it - Another mouth to feed... covered by a lack of substance in the RNS as per usual. Who proof reads these things?

Is he salaried, working for free as an old mate, awarded shares in future, paid when he achieves a milestone target etc...

Why have RRR specifically brought him in, what due diligence was carried out?

What was the scope, exam question that DL can deliver on?

Why don't they already have the expertise?

Why wasn't the skills or knowledge gap covered in the strategy / Finals RNS?

What are RRR expecting from him?

How long is his appointment - permanent / fixed?

I would also like to know what RRR considers 'a new phase of growth' to mean. Does it mean growth in the amount of shares in issue, growth in the employee numbers, growth in the amount of debt the company will incur.

Be specific RRR, say what growth is...

Let's not forget only 3 months ago the clear message was judge us on our exports followed by and RNS stating 1st export complete. Public information suggests RRR still owns that 1st export and has no buyer and has bought the cargo from an unknown 3rd party rather than mined it through one of their own licences because they state the costs are similar / more favourable...how on earth can that be?

Still no DRC payment which was days away over a week ago.

Helpful, What deal making should speed up?

AGM 2 weeks from today...DYOR

BB - Apologies for delay in reply...

Firstly, I'll be out before Bell gets any further share dilution away, but I'd take your double up now projection and run for the hills if it comes up... No DRC payment before AGM and I'm gone anyway, I'd be surprised at anyone else not also thinking the same.

I'm not entirely sure on the loss on the 200mts as the initial RNS'd detail was far too vague but no doubt it seems a waste of cash reserves without having a buyer lined up in advance. The finals RNS does state they have factored in a 2-3 month pipeline payment cycle which is now close to missing that time frame.

So a failure to deliver as per a revised strategy is how I read it - shame they didn't factor in CNY before committing to buy and export to China and without a buyer signed up. I do not see the logic.

What seems certain with present info in circulation is that we are sat on the purchase of 200mts without a buyer and paying port costs which appear totally unnecessary.

I think I learned RRR had acquired the 200mts from another party rather than direct mined it themselves from a poxy youtube interview rather than the RNS which in itself seems to be embarrassing. Detail via RRR always far too vague for me.

Does anybody yet know who we've bought it from???? Payment terms etc...

Then we have the RNS stating RRR made their 1st exports which we now know to mean driving some cargo they have just bought off someone in a truck 200 miles down the road from Zimbabwe in to Mozambique. This seems like a face saving RNS that I would rather they sat on until details were clear and a buyer was agreed. I still question whether this is misleading and the reasons for not clarifying what is perceived to be an export.

Had the RNS come out saying RRR have bought 200mts off someone else and are going to keep it on a port in another country for safe keeping till RR finds someone who will buy it then at least the shareholders have better clarity on what on earth is going on.

Side note - Don't get me started on those stockbox interviews either....I'd love to see a Bloomberg style grilling of AB rather than the fluff pieces they put out.

Stockbox (if you read these boards) try and press the flesh a little more with your question sets and follow up questions rather than folding when you get a waffle answer.

No DRC payment RNS at 07:00 this morning.

I'm mildly disappointed but not surprised... but as RRR once stated in an RNS:

The game is worth the candle, but it is sometimes a long game. When a gap appears in the clouds, the sun can suddenly shine, and then the opportunities are realised.

Without consolidation and without DRC/ELEP, will this share price ever significantly rise again?

I'm talking 2x plus from todays levels.

Wow...what did I miss...an appearance from Bell himself.

Don't suppose he answered my open question to the forum on cash burn and expectations on next shareholder dilution did he?

Thought not... zzzzzzzzzzz

Maidit - I estimate you need a 200+% rise just to get to break even?

How much do you think this will rise in order to justify your ongoing faith in RRR?

p.s... I genuinely hope you are right and RRR gives me an opportunity to exit without a bloody nose in the next 19 days or less.