Member Info for talkinto

Hi News... interested in an update on your strategy which you'd answered before a while back but I think you've now changed / adapted it.

You originally bought in months ago when price was around 0.075-0.08 so would have been c. 40% down on original investment but you stated recently you were now in profit when price rose to 0.06.

In order for this to happen you would have had to have at least doubled your original investment. What led you to average down rather than stick with your original amount?

Did you sell any when in profit earlier this week?

Additionally, will you be continuing to average down if price remains at these levels or lower?

Earl - where did you hear DL is an RRR Director?

Here is the write up of him on Wiki - take from it what you will...

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]

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

BB - I think another fair few have been suckered in to this dog and quite a few have bought in here this week on silly hype (like I had previously) with very little research done.

The irony of one poster calling people dumb and spelling it wrong twice is hilarious...in the same post also stating DL is the Director shows the level of research being done here.

Some will already be trapped holding a loss and now need the pump to get out break even.

The cold light of day next week could be very sobering - the company has already shown red flags by paying debts with shares twice this month - I assume due to lack of spare cash. With more debt expected to be on the way I doubt RRR has enough shares to get themselves out of jail - so then what?

I still think it insane that people believe there will be cash flow in July too. I genuinely think some people think kit will arrive and start printing money immediately.

As always, watching with interest and looking out for DRC payment updates which seem to have died of death.

Earl - See you are ramping this one hard on quite a few other boards. You must really believe in it...how much have you piled in to RRR and what's your expected exit timeframe and/or pricing point.

Finally do you have any concerns on RRR funding until production may start. Will you exit early if production is delayed to August or beyond?

Legohead interviewer asks "Finally the infamous DRC and the ongoing arbitration, where are you with that?"

AB replies: "we're making good progress erm... we're in a position to speed that progress up now and I hope we will erm...there is always the problem of having to be in 2 or 3 places at once but yeah that's very close to the top of the agenda"

Legohead: "Thank you very much for your time today"

Quality hard hitting interview as always and good to know the DRC is erm...moving up the agenda.

Can't the interviewer think of a follow up question - what does progress actually mean AB? What are you specifically doing to think you are making progress AB?

Be nice to have an update on what RRR have done in the last month now all known blockers have been removed - is the money finally now 'imminent' in its arrival?

10/06/24 Extract Below:

DRC: After the Presidential election at the end of last year, it has taken six months to put in place a leadership for the Assembly and a new Cabinet. During this period there has been stasis on all matters. RRR now anticipates being to take up where it left off just before the Election, and obtain the issuance of the arbitration award.

End extract.

Does anyone expect the remaining allowable shares to go this month... c.225 million shares remaining I believe which at 0.045 pence per share could raise c.£100k to keep the lights on a little longer (providing no other debts need paying in shares).

It all looks like it's getting a little desperate here now... 2 dilutions in 2 days.

AB and the rest of them on fat salaries still not declared they will take shares in lieu of salary to keep the lights on....despite there being gold fkn everywhere apparently.

That DRC payment would sure come in handy now wouldn't it. Anyone heard from Barry or the lawyer or the local partners recently?

Why not flog the 200mts of lithium at a loss to raise cash they desperately need - it's no longer in vogue and not worth sitting on forever if the focus is now gold and if RRR are practically skint...

To add balance... some believe there is gold everywhere, production and cash flow starting this month & a 5 bagger in the next month which sounds delightful to anyone on the fence considering the punt.

As BB says...it's interesting watching.

And just to clarify... a share consolidation would not count as a win for you... :)

Helpful - fancy putting your money where your mouth is on 0.25 in a few weeks???

Christies is your charity of choice isn't it... I'll happily go £1k each on it if you're confident.

I can use the money I saved from dodging the 50% share price drop and 3 dilutions in the 3 months since I departed to pay if I lose :)

I've finally liked one of your posts helpful... you giving one of my shares a nod :)

Fully funded to the end of the year too and also looking at selling a tax loss for 6-8m. Seems to be a no-brainer for those that like buying in to AIM stocks.

News - You must have been buying continuously to average down from your original c. 0.07 entry then?

Fair play if so....

Helpful - my point is I do not believe they have a stockpile anywhere near your modelling quantity and this is the part I have asked if you are speculating on.

I have re-watched the 14 second twitter snippet several times and can see around 150mts of dirt which could simply be the dirt dug out to create the pond.

I cannot see any official reference from RRR stating they have a stockpile with gold content to work through and that they are not reliant on earth moving equipment arriving in order to commence.

I suppose at this stage only time will tell... RRR will either state production has started in the next 1-2 weeks once concentrators land or they won't.

Anyway what were your views on DRC payment also?

Helpful - I think you are slightly speculating above what the company has said. But I acknowledge you also know AB and may have more clarity on this - if so would ask you clarify on my below point.

RRR have stated to start when equipment arrives and they have not said 'equipment' excludes the earth moving equipment / excavators and trucks which will be key parts of the operation.

These have not yet shipped from Europe as per the RRR RNS:

· Excavators and trucks contracted ex-Europe and expected to sail shortly

Therefore, I would not expect to see production in early-mid July without clarification from RRR these assets will not hold up early production once concentrators arrive.

Once this clarification is made, probably supported by how many hundreds of tonnes RRR have already stockpiled for processing, may the mcap change.

Sidenote - what are your views on DRC payment - do you think RRR will see it this year now the political points seem to have all been resolved? Would certainly come in handy along with production for a share price spike.

Helpful 11:39 post interesting read...I imagine as financial entity you must review all possible options to support decision making.

certainly not meant as a loaded question but I imagine you've mapped it out...If production targets of July are missed - let's say into late August or even later then how do you see the optionality changing?

Possible AGM and request for more shares to help with a raise?

Other avenues of funding?

No requirement to fund as RRR is covered until production?

Helpful - your response is really really boring and as vague as the REACH RNS...

I asked how much the concentrators can produce - simple answer is you don't know.

I asked how RRR will keep the lights on - simple answer is you don't know.

I outlined that the earth moving equipment being shipped from Europe has no firm arrival date and that they will need this to feed the concentrators - I saw a c.20 tonne pile of mud the same as everyone else next to a pond. I would hardly call that a stockpile.

Helpful - I never missed it, the concentrators are useless without the earth moving equipment aren't they. Also, how many concentrators and at what size have been shipped - again no real detail.

I expect its been done on the cheap so will be at the lower end and only capable of processing 1-10mts of dirt per hour - The top end concentrators which are not mobile can only churn up-to 80mts per hour. What do you think on concentrator capacity?

The key equipment is not yet on the water and will sail from Europe 'shortly'. Not a quick sail so I expect this to be late July at best.

I continue to reiterate my view of no revenue in June & July and I'm now comfortable to extend that to August given today's release.

Which only further highlights the question - how is all this being paid for, where is the July & August salary payments coming from? Is dilution on the way?

This RNS says nothing as usual... Just lots of pointless sentences watered down with ambiguity such as 'potential', 'anticipated', 'expected', 'shortly', 'early'.

Zero detail as usual which is why this is another pathetic REACH. No holding update on DRC for a change though, is it now time RRR hope that shareholders let that fade into the distance along with all the other failures?

'· Excavators and trucks contracted ex-Europe and expected to sail shortly'

- Is 'shortly' as quick as imminently - if so you might be waiting 2+ years.

No update on how the company is doing financially or how they plan to keep the lights on whilst still waiting for equipment to arrive either.

Helpful - Are you predicting at least a 15 bagger from these levels for current shareholders then??? A forecasted £26.4 million valuation and production of 0.5kg per day from 15th July...

2 good gags in one post - I don't normally come here for the comedy but that was a good one. What's holding you back from buying every share you can get your hands on?

Richy - I think you'd be barking mad to invest in this further and you have actually answered your own questions in your post. The board need to give you and everyone else clarity, if they do you'd be following the herd buying in and riding the wave up rather than riding the wave down on a complete gamble and pure ambiguity. The falling knife could fall much further. You only have to ask yourself how is RRR currently being funded and how do they normally fund when the vault is low? Your money and your call of course...

Down...down...down...Now valued at just over £1.5m.

This share really does look to be a dead duck for all current holders with zero chance of anyone ever breaking even, let alone a profit.

Most holders must now need high end triple figure percentage point gains to escape break even. It's incredible to believe its dropped another 50% since I stated my exit strategy only a few months ago and RRR is still not producing gold, selling lithium, selling non-core assets or has received any imminent DRC payments.

The share price results show everyone past or present invested on this board over the last year - including myself made an extremely poor choice in investing in RRR. Month on month shareholder wealth here dwindles.

I suspect that every current holder will be practically wiped out before Xmas and DRC payment will still not have arrived.

Meanwhile the CEO is still likely being paid c.£8-10k per month for delivering golden promises and zero shareholder value whilst also failing to update the shareholders on how the company is presently being funded - is a mass dilution / wipe out of shareholders on the cards???

That is the only way I can describe those still invested in this share...

Everyone knows they will be diluted imminently but yet still stay locked in the basement rather than leave through the open front door with some bruises and a dark tale to tell...some even believe their captor is a hero...it baffles me.

Before the critics say 'how does everyone know there will be further dilution'. Maybe consider the history of RRR and the frequency of raisings and the cash burn and the likely limited cash in the bank right now. RRR routinely update they will need to raise cash so not rocket science how they do this - they've shown you enough times.

Did RRR factor in such delays when updating you they would need c. £150-200k tops to deliver the project?

Can talk about assets all day long but they appear worthless to LTHs without the cash flow to utilise them. Notably zero assets have been sold since announcing this is a possible strategy option shows you what others think of them too.

My view is that the company over-promises and under delivers on everything...judge us on our exports, DRC is imminent, kit will arrive in April, revenue in June, 5 Chinese buyers and 200mts of lithium has been exported...

Honestly, the list seems endless and I've only been watching this for 12 months.

I predict those still invested will never break even on this share and fully expect it to dip under 0.04 within the next 60 days. I've already predicted no revenue in June or July in my last post and this remains unchanged.

I'll hang around till Xmas for DRC news but this really seems like a pipe dream for RRR now with the updates and excuses drying up as they focus on chasing the next rainbow.

I assume AB is on around £8-10k per month before tax and gets paid regardless of performance so an open question... what has this company delivered for any LTH besides wealth erosion via dilutions which actually sustains AB's salary?

How is AB aligned with the goals of long term shareholders? - this share used to be over £4.00 !!!!!!!!

To summarise, I think this share is a complete dog and therefore I acknowledge I must be a troll according to the RRR die hards...GLA.