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Talkinto thanks for replying and I agree with what you say. I invested here many moons ago and am down 99 plus percent. AB in that time has not had a single success for us shareholders. The nearest he got was the mine that was stolen but it just seems all the projects he starts fail for a variety of different reasons. I used to think he was just unlucky but not now. He won't have his salary paid in shares to help out with cash but when you hear him talking in the interviews you would think he had created a world beating Company. Such is life.
Robins. No investor is interested in purchasing here until Bell curbs his lust for discounted placings. This is down 66% in the last year alone because of this. 24 incidents of mass dilution since 2022. Tic, toc, 52 days until the next placing is my guess. Let's see if it happens and how far out this prediction is.
Robins -you've asked maidit but I'll answer as a potential punter myself.
My view is this company dilutes more than water and therefore no one new is going to buy in when RRR probably has about 2-3 months of funds before they need to dilute again and they never hit a timeline or deliver on a strategy... no lithium sales, no asset disposals...just the tried and tested shareholder dilution over and over.
To BB's earlier point - equipment was going to be flown in - RRR must be the only company that can charter a plane to stay in the air over a week (this is tongue in cheek humour News before you comment).
It's ridiculous to think that the illegals in Faso have made more profit out of RRR than the shareholders.
I'll possibly buy in as a short term hold when something concrete proves the downward trend wrong such as -' we have gold to sell' or 'we have sold lithium' or 'we have just received a fat cheque from the DRC'. There can't be many mugs left ready to fall for another REACH RNS or a weak as p**s fluffy stockbox interview but who knows.
This company needs to finally deliver or the gravy train may finally come to an end.
Helpful five years of ramping this and not once have you been right or anywhere near close.
Your job is to relentlessly ramp to get your placing shares away at a profit.
It's getting harder and harder isn't it ?
Your latest on FASO
- 5,000 ounces net to RRR soon.
- costs $300-500 ( down from your original $550)
- throughput 1,100 tonnes an hour.
It's tosh from the same ramper who said Tin Hill would manage 1m to 5m tonnes. The irony is it could not even manage 200 tonnes that was someone else's and is currently missing in action in a truck .
Faso will be the same!! Wheres the equipment they said on April 5th would be flown in days !!!
Is the golden goose nearing the end of its lifespan ?
Maidit I cannot understand why newbies here are not buying when we have gold assets and the gold price is so high. Surely there must be some punters out there?
What we need to know is who is the big spender who bought £2 worth this morning already at a loss with the dealing cost and a 1 trade for 0000000000p do they know something LOL!! or did that 500m issue on the 18th help the liquidity they was moaning about a few weeks back ?
on a lighter note GOLD drop 5.25% and went up again 3.6% within 10min'' @ £2382 and within reach of $2400 and as i said before is plotting it's own path, unhindered by MK forces / GO politic, been that everything is going to be backed by gold eventually as it's hard cash, quite literally''
I just had a quick look at some of his drivelling. Thick doesn't do him justice.
1. Cost of production: this is driven by the grade and how fast the alluvial can be processed. It is also driven by mechanised v semi mechanised production. Hard rock, at depth is typically $900/$1,000 per Oz as in the case of Soma Gold.
2. Mechanised at volume production will likely be around $300/tonne. In the short term it will be higher.
3. Water: the company has said it will need to drill two boreholes for water. We have seen that illegals have already drilled a well: the pictures are on Twitter. The water is recycled once the ponds are filled. Some will be lost to evaporation.
4. Heat: yep the company has publicly said it is too hot to operate during mid day. They will be operating two five hour shifts outside of the daily heat.
5. CLN: stands for Convertible Loan Note. The genius accountant is excited that he has found out that loans rank ahead of equity in a wind up. Surely accountants knows this or maybe this sort of basic knowledge is not required at KPMG?
6. It looks like the grade will be 2/2.5 g/t and that some gold is still fixed and so will need to be crushed. That means that total gold is a lot higher that 2/2.5 g/t. NB no one "knows" what the grade will be until the operation is up and running: that includes AB, Willem and Sam. Not "knowing" does not mean it is zero.
7. The illegals were operating a wash plant operation: that confirms that the grade is not zero.
DYOR
DYOR
News are you talking about Boring Boy? He has issues, lots of them. He makes stuff up and then goes on about the same endlessly. I doubt that he is a partly qualified accountant; his knowledge of accounting seems de minimis. For instance he went on for months about an intra company loan being an undisclosed liability. He was corrected about it several times but returns it it repeatedly. Same with the former charge on RRR assets. He simply doesn't understand what he goes on about or if does then he deliberately lies about them. I am sure KPMG would like to hear about one of their accountants trying to manipulate a share market and bringing them into disrepute. Holding himself out as expert (ACA KPMG) removes any defence he would have against being accused of market manipulation. Yes M'Lud, it was an honest mistake, repeatedly over months despite being corrected and being an accountant with KPMG. Yes M'Lud several mistakes (plural), repeatedly over months.
No one knows if I took the placing or not, I haven't commented and if that drives the trolls crazier then all to the good. If I did take the placing, where is the TR1? In fact no TR1s from anyone. I don't know but given who the broker is I suspect Mr Black took some.
DYOR
Helpful
Since you may have Mr A.Bell, Chairman's@ RRR email , then I think this situation in the last 1hr + of posting on this RRR stock forum on the London South East and yesterday has to be made known to Mr Bell as ALL GENUINE SHAREHODLERS posting on this RRR stock forum need the over-sight of the co and or the NOMAD. All 101. This is the correct procedure of the regulatory framework in Britain. Thank you. I have never had need to contact Mr Bell at all so dont have any access to his email @RRR. Fri, 19.4.24 Calling shareholders like me and Maidit308 by 1 is one thing but this takes on a new level that anyone who post CONTRARY to the NEGATIVE may not be welcomed etc? All rather puzzling ? Just wondering?
P.S.
EVEN HELPFUL, the poster's PROFESSION has been posted on a public stock forum including FULL NAME ie 2 besides the surname, wanting to meet Helpful per 1 yesterday and if not, then appears to want to chance meeting at the "local" kinda of thing? How does Sir/s [2] know where Helpful is staying to meet at his pub? No one knows that surely?
Then, repeating that Helpful must NOT post on this forum? Getting quesy, yes, no. NO STOCK FORUM ON THIS SITE HAS THIS HAPPENED BEFORE. Fri, 19.4.24. Just askin what is THIS ALL ABOUT? How does Sir know the SIZE OF HELPFUL on this forum by Sir?
This subject matter must be answered once and for all.
ALL funders of any AIM co are taking a risk and that is FACT.
Anyone can participate in funding - simply ring the named broker to get on the list and its as simple as that.
NO, HELPFUL will not be the one person taking 500m SHARES in RRR in the last placing. Rather impossible to be a funder all the way through from inception or part way. The sums alone are not going to be easy for 1 individual alone.
So, you want Helpful to NO LONGER POST. Yesterday, one wants to meet up with Helpful and when Helpful said he was busy cleaning DVD's, he said, he could chance at the LOCAL kinda of thing? Isnt all this not under this site's rules?
So, not sure why all this about Helpful given Sir/s are NOT shareholders of RRR. ONLY 2 SHAREHODLERS DECLARED on this forum. Or if another is declared, then strange why posting appears not aligned with a holder that is positive going forward. Just askin. Fri, 19.4.24 The rule is privacy be it on this site or in real life ie legal right of an individual. So, why Helpful's FULL NAME has been posted on this forum by Sir/s? Full name as in 2 names besides the surname. Few know the other name. Eg John Smith could be lots of John Smiths but John Edward Smith is specific? Yes, No? Just askin.
Ordinary Sharholder - twenty fold down in 14 months. Last in any restructure / fund raise.
Helpful - CLN at 12% coupon issued in mid 2022. Capital protected in pertuity and discretionary warrants to sweeten it . He also participtes in discounted placings. Best of all he has primacy in a winding up.
On renewal he has the company over a barrel on terms ( higher interest rates and vastly reduced warrants)
Helpful and ordinary shareholders interests are unfortunately not aligned.