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Time will tell... The power from the lithium in my phone is running very low so will take a break and focus on other stuff which I think RRR is also doing. I will store... in a safe place meantime. Cheers...
Yes Nike that's what the accounts for the last three years also say. I do my reseach.
You and I both know FASO government must be given ten or fifteen percent so that's 90 or 85% max to RRR
The company gave away a share of ALR for funding 27% . Highly likely they will do the same with Riverstone.
They will not tell you anything other than what's in the public domain which I allready knew.
They have no obligation to RNS it.
Watch listen and learn. December accounts will reveal all. If it does not get released before then
I picked up just by the wording on the Lithium export RNS it was rubbish. One truck across a border. The 200 tonnes has gone forgotton buried.
I have said if this hits 0.2p again. I will quit posting.
I will add if in the Dec accounts we own 85% plus of Greenstone I will also stop posting.
Shame Helpful doesn't have the courage to similarly back up his convictions.
Yes Spec . I agree and have said that a lot.
I think the company got badly stung by hyping Lithium and the criticism in the financial press " blue sky resources".
They have rightly been more circumspect on FASO albeit with a few own goals on wash plant and report.
Poster Helpful does them no favours as an insider and blurs the boundary between what is fact and fiction.
Banbury re "ridiculous hype" for proper context the ridiculous hype is coming from the posters on this board and not RRR, who is not making production estimates
... Regarding RRR's share of the asset and the subsidiary...
Banburyboy, I emailed the company - was given a polite reply and advised to consult the RNS of January 6th 2022. Whilst the combination of information was not too complex and I do think I understand it, it is for others to do their research if they want a closer understanding.
At a basic level, I took it the regulatory terms are in that RNS and are still the actual terms, so the company website is likely to still be relevant on this matter.
Yes Robins both comments were strange to say the least.
Riverstone are not doing this for fun and I think will gain a significant equity stake. RRR are allways skint and gave away 28% of ALR [ 75% to 47% ] for buttons. Riverstone have RRR over a barrel.
All will be revealed but two considerations [1] will Faso deliver to time and live up to the ridiculous hype ? [2] what's RRR share ?
Oh and I forgot AB said re the BK president that " I think he is on a state visit to France ". Only thinks? Not good enough really.
The problem I have with AB is that he never actually achieves anything re Company profitability. In his latest interview he uses words like " We will pull ourselves up by our boot laces" . Really? And when asked about costs to be incurred during the initial run up to June in BK he smugly says " where funds are required our partner will send money without question" Really.
The price hasn't tumbled"News"that didn't "last long'Placees in a spot of bother now
Great Post Spec and I really wish it was different.
Absolute record low buys of 0.053p and sells at 0.048p. No one is buying into the FASO stuff unfortunately.
My fear is even if it comes good to secure financing RRR has given away a very large percentage of the holding company FASO Greenstone limited.
FASo government gets 15%. I think Sam will be pushing for 51%.
Even if it was a 34% holding that's great but I fear that will be best case. We of course await the company telling us and beware Reach RNSs presenting gross figures rather than Net to RRR.
Why might they do that ?
To let placing mates sell at a maximum profit ?
Remember DRC after the election, Chinese buyers , first Lithium exports. All spikes as the herd rushes in followed by chunky selling by the "few"
Unfortunately no Herd shows up anymore after any RRR RNS. We had one lad this time who only lasted a day.
It's just an echo chamber of old timers now :)
News yes people post 'views' or opinions and there is nothing wrong with that. Nor taking a bullish or bearish viewpoints.
For me where i disagree is when there is an 'view' that RRR can process gold at an average grade of 2 grams. IMO that is simply wishful thinking, a daydream, totally unrealistic etc. I can say the same thing about posts with a viewpoint that production would happen in April/May. Delays are common in a new venture particularly at the very start. Much is unknown or unreliable even from local sources
Long time readers of this forum, such as myself, naturally push back or comment about such posts particularly from long time posters who have a history of making such unrealistic comments
English distinction between FACT ie from mining CONCEPTUAL study or Maiden Resource of grades etc vs VIEW qualified by limited info. So, 2g re: RRR Bukina Faso, not from me is not yet known but Willem , the Chief Geo at RRR Bukina Faso would have some estimation, so email RRR. So, a VIEW does not QUALIFY as FACT. Most of the bears dont post FACT either via official RRR RNS but they post views, of which everyone has views but not FACT until it comes out via RRR RNS or FINANCIALS 101. =========BASIC ENGLISH.==========
Banburyboy: You stated you are a QUALIFIED CHARTERED ACCOUNTANT and from this, you use it as a platform but this is NOT PROVEN yet. Ah, now you call 1 folk here "board charlatan"----------ooohhhh, wah!! A Chartered Accountant must pass law papers [plural] and therefore, can any qualified accountant call someone "charlatan" when there is NO LEGAL EVIDENCE to support it. Just AKIN. That's all from me. Ta Ta. I am off to relax as the sun is up and RRR share price hasnt fallen and tumbled so all the bear stories are NOT frightening anyone --- like the big holders of RRR? Yes, No. News, Tues 30 Apr 2024. DYOR. NIA.
"facts' posted by the Bulls (really 'BS')
you posted all the bullish posts came from facts' gleaned from RNS or intereviews.
Where/When did RRR ever say anything about cash flow from Burkina Faso? answer nothing at all
Where/when did RRR ever say anything about the average gold grade? Answer nothing at all
an average grade of 2 grams would be great but there is no factual basis to state that the AVERAGE GRADE will be 2 grams
In 2022 RRR announced that the BEST drill hole had 3.1 grams at depth of 22 metre so the best average in this ONE HOLE
One hole is certainly not representative of the area
These so called 'factual' posts are simply made up and then feign disgust when others call out BS
Hey Dukey, Mr "I am a man of my word". Are you going to pay that £1,000 to Christie's or not? Are you going to explain to everyone why you thought Musonoi was worth nothing and no one would be interested in buying it, just as Glencore was getting ready to pay $430mil for it? Are you going to explain why you insisted that RRR would never get its Kenya licences reissued just at the time it was getting them reissued?
DYOR
Banbury, at least people now see through his absurd BS posts ! All his pumping today and over 9 million in sells and just over 100k in buys says it all !
Nike you are missing the bigger picture re Helpfuls numbers being nonsense.
The website is not up to date
- Royalty now 7% and public ownership 15%.
It's not clear what the 10% rebate relates to at best 27.5% is 17.5% but most likely first 10% is exempt bringing effective rate to 24.75%.
Its not material
Helpful is not the accountant on this board and it painfully shows.
He's wound his neck in on costs of $350 to $500 an ounce and made up a new figure of clearing $1,300 an ounce.
So cost say $1100. In that tax environment and based on all known gold cost benchmarks that is impossible. [ he will spout his A level nonsense of marginal cost = marginal revenue but its not relevant here]
No matter he continues to spout rubbish. $7.5m by the end of August is rubbish.
His illustrative numbers are absurd to the extreme and he needs calling out as many have done over the last five years when he has posted relentless tosh.
I feel like DJT on Truth Social ranting. Helpful really is contemptible IMO !!
... presentation. (missed from earlier reply)
Banburyboy, there is a 10% profit tax rebate on the standard 27.5% corporation tax to what you are referring, this on the company website if anyone wants to go to the relevant section and download the
And Helpful says we post nonsense !
“ IMHO Burkina Faso swamps anything that RRR will get from DRC or from Australia”. Says the man who said Tin Hill in Sept 23 would deliver 1-5m tonnes of Lithium !!! 200 tonnes missing in action
“EG lets assume post costs and taxes FASO nets $1,300 per oz.” So $1,200 costs I called him out for ridiculous numbers he said on a number of occasions $650 cost per ounce which he reduced to 350-$500. He’s more ball park and closer but still miles out. The effective rate of tax in FASO is 7% royalty at this gold price 1% community charge 27.5% corporation tax and now 15% public ownership so getting on for 50% squeezing a profit of $1,300 out of that is impossible. And can we excuse previous made up figures which i highlighted numerous times
“To match up DRC, RRR/FASO would need to produce 5,769 ozs; assuming no costs in DRC. There will be costs in DRC and the net will not be $7.5mil. At 2 g/t RRR/FASO will need to process 81,767 tonnes. At 1,000 tonnes a day on a ten hour day that is 100 tonnes an hour. To produce $7.5mil net would take 82 days.” He was talking about a ridiculous 1,300 tonnes an hour previously and was called out for it thankfully he’s now back at 100 tonnes.
“You can pro-rata it up or down. At half the rate, ie., 50 tonnes per hour then it is 164 days and so on. I have taken the costs, royalties, taxes and JV share into account”. NO YOU HAVE NOT . My guess is we don’t own 100% of FASO Greenstones anymore
Helpful is an idiot !!
His predictions are absolutely rubbish and should be confined to the waste paper bin where they belong.
Hapless calling out people for getting it wrong?! Priceless. He's been wrong for nearly 5 years now without a shred of remorse.
News, why don't you do some data on the people that have called this a dog (correctly) for however many years against the bull's posts? Then see what the SP was 4 years ago against what it is now. And as for balanced posting, you are joking I take it? What balance has Hapless offered in a 99.5% downturn in SP?
5.3 mill sell at 0.52 doesn’t bode well ! Maybe placee taking profit while he still can after realising latest pump has failed
Helpful it would be lovely ( and of course long overdue ) if we could make serious money in BK. What concerns me is in such a Country as BK, what are the chances of it being stolen or us being prevented from achieving our goals especially if it turns out a real money spinner. So I will not be counting my chickens just yet.
Dukey, tell us again how no one was interested in buying Musonoi and how it was worthless just as Glencore was paying $430mil for it and also how RRR had lost its Kenya licences and they wouldn't get reissued just as they did get reissued?
You have been shown to be wrong on multiple occasions and yet you still prattle on. And the best one, "I sold out of RRR and made a lot of money and then I bought back in because I was greedy and lost it all".
Anyone with sense of morals would 1. pay Christie's the £1,000 he owes them and 2. shut up for a while.
DYOR
Comical - hahaha.
Reaks of desperation by Helpful !
Never mind DRC it’s all about BF now
Anyone heard this before about Lithium ALR ….lol