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AB has dished out more bloody noses to investors than Mike Tyson. When will he retire and what will be his legacy I wonder?

I personally can't see this month being any different - the groundwork on taking on a new project in DRC and agreeing a lower settlement seems to be filtering through in these new podcasts to soften up the market for the knockout blow.

Here's a thought AB - Why don't you draft that Financial Update you promised the market within a week via RNS weeks ago rather than trying to become a vlogger.

Even better still why don't you also update how much mined lithium you have on the books and how much you actually exported as per your comms in Nov 23.

Payday week coming up - c.£25k dilution inbound in 3-4 business days expected.

I predict the next RNS will be 25th or 28th October (more likely 25th) with a c.£25k dilution at 0.04 for the wages.

PR offensive and lots of meetings being had and talked about but absolutely no skin on the bone in terms of detail.

Was the Saturday presidential meeting simply to talk about other ventures or did progress actually get made on DRC payment? Who did they meet from the presidency?

I can't help but think what entrepreneur would fall for the same risk twice. The DRC has cost the shareholder dearly in terms of shareholder destruction over the past two years - AB has kept playing the game like the money is already in the bank.

Seriously, how many current shareholders think taking on another liability in DRC having been diluted countless times waiting for a payoff is a good idea??? The share price was c.400% higher early last year.

p.s...still waiting for that promised financial update weeks ago.

#judgeusonourexports

#imminent

#goldeverywhere

Ants 3x better than termites at collecting gold

Termites 1000 times better than RRR at collecting gold

No I think it's Barry - he's a big deal in the Congo if you didn't know. But AB will be with him to say one word which will result in RRR being handed a very big cheque.

Come Monday RRR will have millions in the bank and be able to fire on all cylinders at BF as well as start numerous other financially game changing projects.

All shareholders will see their accounts returned to profit no matter what their current average is and AB will be given an MBE for services to the sector, possibly even a statue of him outside the DRC presidential palace.

Hmm this ramping lark and living in lala land is quite easy isn't it...

Imagine the DRC president being too busy to meet on EU matters but would actually give up a weekend to meet with loss making AIM company CEOs.

DRC president snubs EU representative due to a very busy workload but he's now started working Saturdays to get caught up - rumour has it he's meeting with a very big fish this Saturday.

https://www.theafricareport.com/364751/drc-did-tshisekedi-snub-an-eu-representative/

DYOR

And the relevance to a company that has no gold to sell (at any price), no equipment or staff to mine it and no money without dilution to fund a gold operation is?

Maybe save the gold links and updates until January when RRR may be closer to achieving something worthy of shareholder value with either one man band Mike or some Indians.

I do wonder how many more have been trapped in the RRR dungeon this week thinking this Saturdays planned meeting is to conclude payment on DRC.

Still... there is always hope to reengage with the Chinse buyers if the spodumene price doubles overnight...Or even to take on another very lucrative DRC project specially saved for RRR by the President himself this weekend.

Much better from stockbox...

Interviewer did better this week...pressed a little harder, hopefully because he's getting bored of the waffle. I hope he continues to to ramp up more - makes the interviews much more engaging.

Interpretation from 4 minutes in that the meeting on the 19th is more about opportunities and not about DRC which they are still waiting for further meetings on. They talk about multiple meetings being needed still.

06:50 mins in - 'Meeting with the president or the presidency' - 'No comment'...so clearly not the president then.

He also pressed well on gold production - nearly got AB to admit it won't happen this year as too tight now to orchestrate. As I understand it some guy called Mike is now in a race against the indians to set up a gold production site.

How is Mike going about this? staffing, funding, equipment? How are RRR paying Mike and his project requirements?

It insinuated AB only needs to dilute for POW unless DRC money arrives. So I'd bank on that dilution happening still.

Should be an interesting week next week for news on DRC and BF - but no news would also tell its own story.

The REACH states presidency not president. It is always advisable to read every word of RRR's releases for the ambiguity.

If it were the President then RRR would undoubtedly have said the President rather than presidency.

Presidency refers to all a large collective of people in office.

I highly doubt RRR will advise who they shared an audience with post the meeting but let's see.

It's literally like clockwork. Another REACH RNS stating they have a meeting - so what???

NOMAD wants no involvement.

Last time they had a meeting c.6 months ago AB just had to rock up and say one word...then the meeting date passes and nothing materialises. AB goes quiet and changes the narrative.

In just 18 months on this matter RRR has had rogue lawyers, sickness due to malaria, ministers trying to line their own pockets, government changes and whatever else you can think of to delay the 'IMMINENT' DRC payment.

Yet still they talk about it reaching a conclusion.

Now they are meeting the presidency - ask yourselves is this really going to be the president or just junior/ potentially senior members of the administration on a Saturday?

It does not state who specifically they have an audience with.

My money is on RRR giving no update next week from the mentioned meeting on Saturday and that small dilution will take place for 26th.

I wonder how many get trapped in here this week though. The spread will have already trapped a few I expect.

May be of interest to some as a comparator on how another company at square 1 are planning to tackle alluvial mining.

https://www.youtube.com/watch?v=LT0GAlLJtNA

This is not advice to invest etc. Just one I'm following as I'm invested there and wondering how they will proceed and how it compares to RRR.

Did they even bother to give a financial update - or advise why they need to have options to dilute so heavily?

Does anyone know what AB's salary is.

Once you know this you'll likely understand why the circus never closes regardless of the quality of the acts.

A show of hands... and only 4 people in attendance to vote (head shake head shake head shake)

My share maths were well out on that one... raising £28k on 1st and £570k on 2nd to clarify - both at 0.035.

I predict around 100,000,000 on 26th for the usual payment of the wages at 0.035 to raise c.£28k.

Then, the big one that eye wateringly dilutes current shareholders to pay POW and the now absorbed shipping, running & consultancy costs of BF.

I think they are going to need some serious dough to start up this fantasy in BF so I'll go for 2bn at a generous 0.035 to give a piddly £570k... however I think they will hold off until around 5th November before this raise. We should remember though the last financial RNS on BF stated they would cap spend at £150-200k - no financial update since even though promised.

They desperately need DRC payment to save current shareholders from huge wealth erosion. Sadly the narrative on that one is the same as it has been all year. Anyone who thinks otherwise should listen back to this podcast saying the same thing last year. The part from around 50 seconds in on lithium may give you a chuckle also - 'we are exporting lithium'

https://www.youtube.com/watch?v=CESfYBp0HC0&t=10s

Aim - literally too much to go at... How do you speak for 17 minutes without really saying anything.

As predicted, another Legohead interview right on cue. More jam tomorrow and waiting for the shareholders.

Notably, RRR now back to flying in equipment. Now on a smaller scale which AB prefers (WHY???!!!). No numbers or detail on what small scale means. No detail on why flying is back in fashion when it was the main reason for hold up earlier this year.

But hold your breath because the Indians are coming eventually... and then BF can be ramped up once a base is set up - what have they been doing for the last 6 months???

There was a mini educational piece at the start - something about Shakespeare and a mini history of language and dying words - talk about word salad.

DRC - a letter is expected to be in the post soon - then the president wants to chat about some other opportunity. Although all this seemed to be conjecture and has come from other sources.

da da da da da... not sure if this bit was AB rebooting.

Could the other opportunity in DRC be anything to do with buying Mike's small scale mine off him in return for his consultancy on BF? Who knows so make your own mind up. No discussion or questioning on the new direction and new consultant - why would there be???

Legohead - no questions on tomorrows GM, no questions on why the company is asking for billions of new shares, no questions on why the company has not released a financial update as they published via RNS that they would within a week. No questions on the new consultant or why there was no due diligence on BF prior to announcing to the world they will be bringing in equipment and getting gold production up and running quickly.

I'm not sure who's credibility I view lower - RRR's or Stockbox. I'll maintain my view no gold production by Q1 next year and will also add I do not think that DRC letter will come this year either.

I predict the next thing to arrive will be shareholder dilution, the next thing to arrive after that will be more shareholder dilution.

He appears to be a one man band which would make sense - will be cheap I'd imagine.

He does have numerous posts showing his close ties to DRC on his linkedin but no web page / accreditations or accolades on past project successes - worth browsing his post history to gauge your own opinion.

I don't see anything that would suggest being able to run an alluvial mining project from the very ground up.

And yet AB 'hopes' for gold production before end of year - he must be the most optimistic man on the planet.

BB - I agree with your sentiment in your recent post. I too believe this is now the best price current shareholders will ever see before dilution or possibly dilution and consolidation (again). I keep knocking around for DRC but even I'm bored of reading how close it is and how another meeting may happen soon - the dangling carrot is now rotten.

ECR have announced today they may have a site worthy of alluvial mining - they have no equipment & no funding for it etc much like RRR. Be interesting to see how they approach it as a comparator to what we've seen here.

27/02/24 RNS Extract:

This alluvial project reflects our stated intention to move into cash flow at any of our projects where we can identify this potential. We and Riverstone believe it has potential to scale rapidly, and will be looking to prove that in the current phase of exploration. The experience of their personnel in working with alluvial deposits will we expect complement our capabilities. We will report as equipment is delivered and installed, and as other milestones pass. Both parties will be making contributions, and our further potential commitment in this phase is limited to £150,000 to £200,000. We consider that our current resources and facilities, and indications of support we have received, will enable us to meet this spend. In the event of discouraging results at any stage, work on the alluvial potential will cease and Riverstone will move equipment to another project. Red Rock will update the market as work proceeds.

We are now working with a group that is deeply committed to our success whose advice and help on other matters we have found invaluable."

END

8 months later and now Riverstone gone - no claim against them on failing to deliver and wasted RRR funds as they only had gentleman's handshake on the deal. Shareholders now find out no equipment is even close to being on the way after months of radio silence - how many stockbox interviews has AB conducted during this time stating all is well???

Plus, what is the new required spend now RRR are going it alone and contracting a consultant to manage for them. I can only imagine that the previously committed £150k above was more than blown a long time ago and now this figure would look like chump change to what is really needed from here on.

I see RRR have given a very loose ops update today - where is the financial one I wonder. I still think you'd be mad to buy into this charade. I just don't see any way this company will produce gold which will make current shareholders rich and I certainly don't see how they sell any gold before Q1 next year let alone this year.

It seems that failure will yet again be paid for by shareholder dilution but spun to sound like a dream investment opportunity - Legohead will be engaged at some point this week to feather the nest with wishy-washy questioning and no pressing of the flesh on costs / spends. Rinse and repeat...and the wages get paid.

ps - no mention of where that 200mts is anymore - did they sell it? was it RRRs to sell? did they give it back -who knows?

pps - DRC payment is imminent (be sure to use RRRs dictionary when looking up the words close, days, weeks, imminent)

10th June RNS Snippet:

Burkina Faso: In the announcement of 29 April Red Rock noted that it was hoped to start operations at scale in early June, if no customs and other delays occurred. One key development since has been the significant recent rise in air freight rates, that has led to the decision to transport containers by sea. Although maritime container rates have also increased, this becomes the preferred option, and enables the Company to bring in extra equipment.

Simultaneously, initial earth moving and trucking equipment will be transported from Europe, with generators and other equipment. Target arrival times are early July, again subject to Government delays.

END

Just read back over all the RNS quotes and content. Its almost laughable how much is said but does not land. Remember they also said they would update on key milestones at BF such as equipment arrival and installation - months have passed and everyone is clueless on state of play.

Oh they also said they would spend no more than £200k on BF - wonder how this statement has stood the test of time too.

Even more amazing considering both are c.50% down on investment and with a high probability of that halving again real soon.

Still no word from RRR as outlined 16/09/24 - how is this truly shocking governance allowed.

Aim - they do but apparently no equipment to pick it up.

The lack of update on equipment arrival tells you all you need to know on Faso. They should have just paid the airfare and taxes back in April.

Still no operational and financial update RNS as stated 16/09/24

A lifestyle company which lies and misleads shareholders and the market - ran by the few for the few.