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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.
I'll break it down to the simplest form then
Do you think sending non-sold spodumene to Beira without a buyer was a good idea?
Do you consider this to be an export if goods cannot be sold ex-Beira?
No compound questions here anymore.
I don't expect a response as I know you're terribly busy but it's been pleasant exchanging views on use of the English language with you if nothing else.
They have moved cargo across a border...yes
Have they got it to the end destination...no
Have they sold it...no
Anymore?
I've answered your questions. Are you going to return the favour?
Helpful... the word 'successful' came from your posts on here. I can dig it out and copy it for you if you'd like. Hence why I'm asking you why you think it was successful.
Helpful - why are you detracting yet again?
I know what export means and I note AB has moved some cargo by road to a neighbouring country. However, surely the point of stating RRR wish to export to China is to then export to China?
"judge us on our exports"
As you state: Export: "send (goods or services) to another country for sale."
AB has already advised he cannot sell the goods ex-Beira and has to get them to destination port so how has he achieved the export under the definition.
So again, in the business sense, shareholder sense, financial sense etc. How or why do you consider the movement of non-sold cargo to the Port of Beira to be a successful export for RRR?
It really isn't a difficult question so maybe English is not your first language?
£500... I'm not that rich... :):):) But I bet it's still £500 more in shares than you're holding right now.
You deflect and detract as per usual, you would make a very good politician.
Shall I just keep firing direct questions at you and you can see how many you can avoid with pointless responses on other matters?
Here's another...
When you quoted multiple times that RRR had successfully exported did you actually know Bell had just had some unsold cargo dropped off at a nearby port and not actually got it on the boat to China?
OR did you genuinely consider the non-sale of 200mts of spodumene being dropped off at Beira incurring port costs for RRR to be 'Successful?
It's literally insane...how does anyone keep up...
Last month it was gold
Month before that it was Lithium has now been exported - even though its not been sold because of CNY
Month before that it was 'judge us on our exports'
This month its oil & gas studies and talk of JVs and asset sales...
Then just rotate and never deliver on anything...with the odd dilution thrown in every now and then and a carrot on DRC payments to keep everyone at the table.
Then tomorrow, regardless of all the 'Jam Tomorrow' stuff we have the potential of the largest dilution this company has seen in quite some time (the old guard can correct me if I'm wrong).
Why would any existing shareholders be well placed to hold though such a scenario?
Helpful - when you say 'we' - who are you actually referring to, surely not the existing Shareholders given your ties to RRR?
When you say RRR is in a good place, again do you mean by default the existing shareholders are also in good place?
Genuine question as I don't believe you are actually invested here in the same way as the PI. I'd expect you don't hold shares in RRR with a high average even though you've been here for donkey's years so what is in it for you?
Hilarious...As vague as ever.
We HOPE for a further update by the end of this week or early next week.
We HOPE to progress the matter further this week when our local partner returns to Kinshasa.
There is a lot of hope being placed on poor old Barry this week isn't there. :)
Looks like the market loves the update...share price is now soaring....zzzzzz
Helpful...you gave me a chuckle there with your sign off so well done (good humour indeed).
The words choosing was a compliment - take it or leave it. I agree it takes IQ, it also takes high IQ to notice it rather than fall for it.
This genuinely is a bit of fun for me with zero sleep lost either way. I only play on AIM with what I am prepared to lose so I'll simply slip off this week and dabble on something else. Obviously would be nice to leave in profit rather than loss but hey ho.
I genuinely doubt my few posts have any influence on any price movements. I've just enjoyed reading up on this particular company and this board does provide some good insights / alternative thoughts at times which is why I've engaged more than I normally would when buying into a stock.
I'll not mention my intent to sell anymore either if you promise not to post another pointless lithium or gold chart, or a pointless update on neighbours - agreed?
Once again... who was Barry supposed to be meeting?
Helpful - I don't think you hold any credibility here. You choose your words very carefully though, similar to RRR releases so fair play.
Your direct exchanges with Bell clearly show me you are not on this board for the good of the shareholders so I will take your view on my strategy with less than a pinch of salt.
I arrive at this conclusion by assessing the amount of time you have been here and yet are not disgruntled at the permanent decline of the share price. You recently stated the company is in a good place - would you state the current shareholders are in a good place (if so, why)?
... But I'll play along whilst I kill time seeing as you want to engage today - who was Barry meeting?
My prediction only...
RRR will release another Reach RNS on DRC this coming Friday morning (day of AGM).
Noting the last one said absolutely nothing but got people distracted and excited and created a small spike, I expect this one to be similar.
Side-note, I'll ask everyone again today -
Who was the Country Manager even meeting in Kinshasa last Tuesday/this Tuesday? Who even is the Country Manager and what are his/her credentials? Any legal representation required/supplied?
Why did RRR announce they had a meeting but then not give detail on who with and why did they not update straight after the meeting?
Challenge yourselves to look for the detail and you will see there rarely ever is anything credible you can bank.
I predict the Friday RNS will be of similar wording to last week but will add no further concrete update but give further 'hope' to those that want to believe it - may even get some more gullible buying in but I doubt the price will edge past or close above the .012 mark - too many more want out at those levels.
AGM resolutions will all be passed. Next week a proper RNS outlining some of the additional shares hitting market on X date at a price which will not be favourable to current shareholders. CLN details etc.
I'll be exiting tomorrow/Friday regardless. Time has run out and I'm not prepared to hold on whilst RRR lights more dynamite under my investment in them - twice in the last few months alone is enough. Anymore and I'll be stuck here with losses not worth trying to claw back like most others invested for more than 6 months.
Sometimes its better to cut and run than stay and pray. As I say that's my prediction only and my exit plan - DYOR.
Showing sells outweighing buys 2 to 1 which does not give me much confidence in the outcome... prey I'm wrong.
I'm still being offered .101 but can't get a quote on anything to sell over 5 million shares currently.
BB - they committed to updating this week:
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."
If the update is bad then I expect it to come directly after the AGM concludes on Friday.
3 working days to go... no volume of interest in the first hour today
Welcome to Red Flag City where AB resides as the Mayor.
RRR were 'days' away from DRC payment weeks ago, before that it was imminent for months/years.
RRR were in full swing on production on lithium - had 5 Chinese buyers interested then all of a sudden RRR can only muster up 200mts and then they had to buy some of that from another party - oh and still not sold, which means its probably still sat at the port of Beira attracting unnecessary costs daily to RRR - no update for a long time and blaming CNY nearly a month in advance of CNY even starting - mind blown.
No update on lithium as a whole - what happens after the 200mts, have they been mining, stockpiling or just positioning to move in to yet another bright idea not listed in the outlook strategy.
Gold - oh dear, enough said. But don't worry because the price of gold is over 2,000. Burkina Faso blah blah.
Might now dabble in oil to change the narrative once again and keep the merry go round going...
CLNs - sure that's a given...
Dilution...appear they cannot go a financial year without it
4 working days to go to AGM agreement to allow opportunity for significant dilution... I'd be amazed if anyone in the world can raise and promote this share this week without a payment received from DRC RNS.