Member Info for zumore

The 200 tonnes set sail in January 2024 on its 60 day journey to China. The boat and lithium cargo disappeared into a mysterious triangle in February 2024. 🥲

Willem Smutts works for Sam Mahendran. So that matches up with what i said in my previous post.

From todays RNS:

"The investor has provided personnel on an assignment to work with the Company on bringing lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establishing an export pipeline for lithium."

From today RNS:

"· A geological team led by Dr Willem Smuts and including our local personnel has started to assemble in Burkina Faso to begin work on the first targets including alluvial/colluvial areas"

Specinvestor keeping a raise under £200,000 means the CLN holders cannot yet convert 15% below placement price. For that to happen the raise had to be over £200,000.

And from reading the RNS the lender must be entrepeneur Sam Mahendran. He was first mentioned in this RNS:

https://www.lse.co.uk/rns/RRR/central-africa-update-and-comment-on-share-price-l3evhsxlkxl4v37.html

Dukey it is important because when the big rise happened on 15 June he couldn't wait to tell newbies he owned 10% in ALR. Apparently some then used that on twitter as a ramp. So it was obvious declaring that and then him lying about how much money would quickly be made from Tin Hill was helping the ramp.

He has me on pretend filter so won't answer my question but he likes you. Ask him if he still owns around 10% in ALR . I bet he won't answer.

Oops i hit the post button without finishing the post.

......

Helpful, do you still own around 10% in ALR?

Remember it was not Red Rock but you that let it be known on this thread that you held around 10% in ALR. So if the percentage has changed then it is only right that you tell us your new percentage?

Helpful, do you still own around 10% in ALR?

Remember it was not Red Rock but you that let it be known on this thread that you held around 10% in ALR. So if the percentage has changed then

When you say people will be FILTURD that is very funny. 😆😁😂

If you like and trust AB and think Red Rock is a good investment then that is your judgement. Though i do suspect you won't be wishing Bell an happy christmas next year.

Yes you may be right and you could also be right about the suspension of RRR. Like you say we can all have our own opinion.

Over these past few years i actually think Stephen "Helpful" Lundy as encouraged us all to give out our own opinion. Because through his numerous misleading incorrect posts we all know no matter what our opinion is it can never be as wrong as his opinion.

The voxmarket interview was to me quite interesting.

Firstly it gave you an insight into Bell's mindset on why for the past year or so that he keeps saying that the Congo written arbitration judgement and the Congo judgement money are "imminent".

The interviewer asked about the timeline on the judgement and Bell said that if you had asked him that a month ago he would have said "tomorrow"; if you had asked him that a week ago he would have said "tomorrow" and if you ask him that today he will say "today". So because of that "imminent mindset" it was therefore no surprise that he then went on and said that he expects it all to happen by Christmas.

How long can Bell keep saying that the written arbitration judgement and money are imminent? In a few months the arbitration would have been 2 years. Surely soon he will have to say to the market he was wrong and "imminent" was little more than wishful thinking on his part?

......

Secondly, Bell seemed to suggest that the Lithium ore as yet to board a boat to China. Bell said it would take around 60 days to get to China. Once in China it would be taken to a warehouse and then they would be happy to make a small margin on it by selling it at spot price. Bell also said initial outlay was very expensive because they had to initially pay for everything.

Just my opinion but i would guess shipping over the Christmas period would be more expensive. So with small profit margins it may be best to avoid that.

Also the big celebration in China is the Chinese new year. An article says:

"The Chinese New Year of 2024 falls on February 10th (Saturday), and will last to February 24th. It is the Year of Dragon. As an official public holiday, Chinese people can get eight days' off from work, from February 10th to February 17th"

So a shipment travelling to China from today taking 60 days could collide with the Chinese new year holidays.

So i would say because of Christmas and the potential collision of the Chinese new year any boat leaving for China may not leave until January 2024. So that would mean any arrival in China wouldn't be until March 2024 at the earliest.

So although "Helpful" can give numerous Lithium links the reality is that there is no more Lithium ramp because the Lithium ore on the boat is in my opinion unlikely to reach China until March 2024. So until then a very unexciting slow process.

Of course only my opinion. Do your own research.

Helpful says:

"Interestingly, AB confirmed in the recent interview that RRR has changed its model: it has moved away from the conventional exploration model and is now moving to a cashflow model"

But that isn't very interesting because he says that almost every year. From cashflow from production at the El Limon gold mine. From cashflow from the Kenyan Macalder tailings. From cashflow from Shoats creek. From cashflow incoming from the Bosnian Steelmin ferrosilicon plant. Plus many more! And yes for a time their was cashflow incoming from regular dividend payments from Jupiter mines but you and your big shareholder clients put a blocker on Red Rock's fundraising avenues so Red Rock had to sell their Jupiter shares and so through you that cashflow route ended.

So no that wasn't interesting because he always says it.

Helpful says:

"What that means is:

1. It should be much easier to sell the Macalder Tailings

2. It should be much easier to JV Migori"

At present Red Rock do not have the license to the above. The 3 year license ended at the beginning of August.

Banbury this is part of Hawaii's post on 11 July this year:

"As I have suggested before, everything Bell says is surrounded by fog and intrigue, the latest example being the 'presentation' which he proudly suggested would show the market the prospective revenue stream coming from the Tin Hill lithium project, if the timeline suggested by Bell (on a media interview) was honoured that presentation would be imminent, at the latest end of this week.

Helpful suggests he is not in 'cahoots' with Bell, well I am sorry I totally disagree, Bell did not offer me or any other Red Rock shareholder a piece of the Lithium project like he did with Helpful and Co, further evidence they are being rewarded for their voting power IMO."

With that unexpected interview and also with Lundy not posting today i wouldn't be shocked if a fundraise happened tomorrow.

In the interview Bell did say they have to take on all of the expensive costs of the shipment and they will not be getting paid until delivery. I'm sure he said in the interview the initial 200 tonnes has not yet shipped. Bell initially couldn't even remember if he had said 200 tonnes.

I know Lundy some months ago freely told everyone on here that he held 10% in ALR and his two friends held an additional 20% in ALR. So with all these expensive costs i wonder if they are paying their way?

Specinvestor i sense"Helpful" likes you. Ask him if he still owns 10% in ALR. I suspect he won't tell you.

Also i wonder what's what entrepreneur Sam Mahendran is getting for helping out in the Lithium project? Is he getting a share in the project or are RRR/ ALR paying him for his services? I'm surprised there has been no additional RNS to say what the arrangement is.

https://www.lse.co.uk/rns/RRR/central-africa-update-and-comment-on-share-price-l3evhsxlkxl4v37.html

Banbury, over the years i've often seen Hawaii moaning about Andrew and saying he should be sacked. He's just going through an optimistic Red Rock phase at the moment. 😁

Specinvestor, yes i know every license has a required amount of money that is required to be spent on it. I only mentioned IC because it gave an exact number. I said £1 million over 4 years but i made an error and it was £900,000 over 4 years. And from what i had previously read of the Kenyan mining act if a company doesn't spend the required amount then come the end of the license period they must pay that underspent amount to the government. So although poster Helpful has been promoting the RRR Kenyan license just recently the 3 year prospecting license actually ended at the beginning of August this year.

The recent 28 Nov 2023 Ivory coast license RNS worryingly at the bottom said:

"The Government expects expenditure averaging some $280,000 p.a. over a four year period. We have already incurred some $65,000 of costs, and expect to carry out a modest first year programme focussed on examining opportunities for an early move into production. Should opportunities arise for accelerating development or increasing the scale of operations, a variety of funding options are under consideration.."

So the exchange calculator says $280,000 per annum is around £225,000 each year that will be required to be spent on the IC project. So £1 million over 4 years. No wonder above extract says: "a variety of funding options are under consideration.."

To be honest Banbury, i will bow down to your expertise and opinion on this?

From 13 years ago here is Bell and who helpful mentioned Brian Kinane doing a joint interview: https://m.youtube.com/watch?v=GlZfNNlomkA

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Robins, i often think Bell concludes things are nearer simply because more time has elapsed. As you know a person piling in because he says something is near to happening is always devestating to a persons investment because he is never correct.

It always amazes me when some people think that Andrew Bell and Red Rock have been unlucky in the DRC because for years DRC has been near the bottom of the table for the worst countries to do business in. The country is very well known for government corruption and contracts often being meaningless.

Yet with Andrew Bell's due dilligence he ignored these facts and still decided to do business in the DRC.

So any right minded investor would then say "ok Andrew Bell, this is your judgement, your decision, if anything subsequently goes wrong in the DRC which may involve corruption then you cannot complain because you ignored the facts. So Andrew please don't get your violin out and tell us a sob story on how hard treated and unfairly Red Rock have been treated because it was your moronic decision to ignore the facts and go ahead and do business in the DRC. "

Also we have no proof that an arbitration actually happened. Andrew says in the summer of 2022 a local arbitration happened. If true then this is another moronic Andrew Bell decision because picking local arbitration over international arbitration means that the local arbitrators will be government paid. So would you really want government paid arbitrators to be making a decision on who goverment owned company Gecamines should be paying $15 million to?

https://www.transparency.org/en/blog/why-do-drc-citizens-report-such-high-levels-of-corruption

In 2018 sh*reprophets did an article involving the poster on this thread who goes by the name of 'helpful'.

As he says in his above post: "Just because I say something on here, you shouldn't assume it is everything". So he is saying he is sneaky and he shouldn't be trusted.

Here is the sh"repr"phets article:

"All things seem to be quiet down at the ranch that is Mayan Energy (MYN) but word reaches Mr Karma that the temperature is about to be ratcheted up there on one of AIM’s most value destructive CEO’s – Charlie Wood.

Readers will recall that Wood survived the AGM vote in which Richard Jennings of Align was spearheading calls to remove him. But as Zac Phillips pointed out last week his behaviour with regard to Deloro is indefensible and he should be walking the plank and more..

I can now disclose that aside from the voting of the Deloro shares that, surprise, surprise Charlie Wood controls with his wife, that one of his other (very few) chief supporters at the AGM is a chap by the name of Stephen Lundy. Lundy operates an IFA outfit in Manchester called Bespoke Capital Solutions and, we understand, controls a good percentage of the Mayan share float on behalf of a few of his clients. Lundy also posts under the handle “Helpful” on the lunatic asylum that is the LSE – readers might want to check out his posts there and unwavering support for the company in Wood in the face of overwhelming evidence of misdeeds by Mayan’s management.

What is intriguing to us is that the document below that has been passed to us highlights Lundy’s own personal involvement in a placing in Mayan’s previous guise – Northcote Energy. You will see that Lundy was, at that point, being chased for the sum of £40,000 in relation to his defaulting on this. Who was involved with Northcote Energy at the time? Of course Mr Charlie Wood.

Call us cynics but we posit that it is interesting that Wood’s most fervent supporter now was, just over 2 years ago in debt to Northcote/Mayan for the sum of £40,000.

Perhaps one for AIM’s most useless and discredited Nomads - Beaumont “lashings of custard with spotted dick” Cornish to investigate with regards to issues of undue influence on the part of Wood over Lundy? AIM Regulation may have an interest in this too"

Andrew Bell posted it in the comments section in today's RRR sh*reprophets article.

I didn't want you to miss it. So i posted it! I'll be back after 2nd December. 🙋

ANDREW BELL comments:

"You might have checked with me first.....

Before I left Zim I told Willem, and Dirk, the very experienced senior geologists, to get us pictures. I also asked Sam, our colleague, to bear this in mind. People have been very busy since, but I have reminded them that would be useful.

So they were going to go back from Harare to the mines to get me photos. But a medical issue detained Dirk, who was the designated driver - so they asked the Zimbabwean manager on the spot to get pictures. He did, though not great ones, but with them he sent a great picture of ore bagged up and ready to go, besides a video showing some other ore of ours being bagged in a warehouse containing lithium material. It appears that this picture was given him by the mine manager of this particular mine (and we do indeed have material coming from this mine). Our material was described as being readied for loading, which it is.

Now we do have an ironclad rule that we use only our own photos, this being originally so we can be confident of copyright. In this case a picture not taken by us - though a similar one could well have been taken - was used, which had been at some point historically been sent out to other potential buyers. A (?small) Japanese trader had used it as wallpaper among a lot of other images, without any representation that it owned either the photo or the material (it didn't). As far as we can see that company does business in S Africa, Mongolia, and somewhere else (but not Zimbabwe). But of course, it's a nice picture if one says one wants to be trading rare metals.

Who has the right to use the picture? Heck, we do, certainly more than the Japanese company! Would we have used it if we knew someone on the internet had put it up (with however little right)? No.

But are we bagging and exporting lithium from this location and others? Yes. All our information is correct.

So in short, your 1, 2 and 3 are all wrong, but 2 is the nearest to the truth. So your enumeration of possibilities left out perhaps the most obvious one. Genuine mine, genuine ore, genuine business, but a marketing picture.

If you'd called, I'd have let you know."