Member Info for Banburyboy

Spec year end is 30th June.

So yes they should have been verified at 30th June 2024.

No sign of the two hundred tonnes in the audited accounts. Either as purchase, stocks, assets held for resale.

No sign in African Lithium Resources accounts either which Hapless hid behind.

But hey our resident Investment Advisor and 10% holder of ALR defends it all.

The give away was the photos and I guess the hope was it just goes away.

The Lithium is worth 200k a lot of money to RRR and he might just bother checking !!!It defies credibility. His job as CEO is to safeguard the assets .

Speculative spot on. Great Post.

You see fit to overlook these shall we call them kindly "misteps" ? I think "misteps" define RRR.

As well as Lithium we now have a twelve year old creditor of £1m to Greenland appearing for the first time.

The auditors would have a field day with these statements :)

Bell has sold Hapless a hospital pass with these two.

Let's hope the cap doesn't fit for Cote !

funny helpful.

1 - no progress on lithium exports since nov 23 !!! not a word.

2 - rrr pay a fortune for storage costs yet have to issue shares for 10k to pay suppliers !!

3 - worth probably 200k. it would be the first asset bell has held onto in his life. pawn shop bell.

4- no trace of the asset in alr or rrrs accounts.

5- fake photos posted by rrr of someone else's lithium was bells last verification attempt. he admitted it and gave a **** and bull excuse imo. comedy gold.

be careful hapless you are a 10% holder in alr

does not look good does it ? 30th june has been and gone. shall we contact littlejohns the auditors for verification ?

it's not just me saying it didn't exist. it's charles archer the renowned financial journalist citing rrr as an example of out of control governance on aim based on lies about lithium.

dear oh dear stephen what have you become.

Helpful are you not a tad embarrassed by Bells excuse for silence on 200 tonnes ?

"I will check the inventory on the 30th June and if any is missing I will sue." !!! Mindboggling.

You will ignore this post as there is nothing you can really say. It's truly shocking.

Greenland used to be the hangman's noose for RRR on trust. Lithium to me is the shocker.

Still sale of licence in Cote in 29 days. Forgive me for not being convinced.

Https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess/

This article provides context to why I look at any RRR statement with an open mind.

As you know Hapless I was astonished when Bell called his RNS statements clear accurate and precise.

Lithium exports still in transit.

Ship from SA to FASO still. in transit.

Fast tracking Cote termites.

Production in FASO and Cote in 2024. They said that in October 24 and then repeated it in

November 24.

How could they not know six weeks from the end of 2024 whether they would produce or not ?

Not sure I agree with Bells view on his own RNS.

Trust as suggested a big issue.

Hapless

I never said Soma was worthless so as ever you have lied.

So that's now agreed. Thank you ?

You now pivot to a different issue. I never mentioned fraud. This is a listed company Hapless. That's a serious accusation and not by me.

I have said trust and the faint smell of Lithium are omnipotent. I caveated with IMO. Charles Archer and the Financial press agree should I post the link.

Take a chill pill.

Let's hope Cote sells and we will all be happy.

But please try to get things right in future.

Conflating again Hapless.

I have never said Soma was worthless. Get your assistant Nike to screenshot such a comment by me.

I have said for two years we should forward sell the royalty. You and I had a debate about the NPV of selling the royalty. How is that me saying its worthless ?

I actually said the licences are IMO worthless.

I'm not convinced by Columbia news. Just as I was never convinced by the FASO transaction ( or as you pointed out transactions), or due dilligence. The company peddled that for far too long. As ever I was right.

Perhaps it was RRAL that made exclusivity payment ? The normal aroma of trust and smell of Lithium permiates the company IMO.

Let's see in thirty days.

Even if its true and happens too little too late re Debt and Finance charges.

Sadly, you know I'm right as you are front and centre of it all and will do anything to deflect.

Dicko disagree

-£10-12m of debt.

- 700k of finance charges every six months.

- Some at rates of 0.5% interest a day [ let that sink in]

-£4m CLNs

- shocking record of failure.

There is no plan AB C or D.

Only a huge injection of cash will save RRR from meeting its maker. The only material event is DRC. Its binary and one Plan only.

It's pretty simple and it's still not landing.

Is this the fourth or fifth time you have gone into overdrive ?

Imagine Dicko if we had kept the Limon.

Instead we sold it for $3m which we pi**ed against the wall and a further capped $3m Royalty we waited nine years for !!

And Bell put a cap on the royalty ! Not a percentage on all production.

Spec.

Hapless is a nailed on insider that's obvious BUMIGEB contract and Clause 3.6 this week alone as you point out plus loads of other evidence.

Rotten isn't it? Let's hope Karma catches up with him ! Nasty peice of work.

I agree and have kept out of this the Royalty is due debate.

My beef is the nonsense on Lithium.

I honestly fear the exclusivity fee on Cote could be the same nonsense . RRR has serious trust issues. Only a month to wait and find out.

Dicko as with every other time you are flogging a dead horse. Wise up.

I can't see anything else being sufficiently material given debts / CLNs and finance charges to save the company.

Bell might pull off the Supreme Court judgement [ and that's a might] but its been three and a half years.

How long until the award is actually paid ?

I could be wrong but that's why the balanced view is risk outweighs reward.

Anything but DRC won't touch the sides IMO.

Morning Hapless - sunny in Manchester ?

Appreciated your post to ZPHR !!

Dicko you are in overdrive unfortunately you don't have the expertise or detailed knowledge us hard core long termers do.

Take a look at the accounts - they owe Migori a local partner in Kenya $1m before any work can commence. That will complicate any development / sale. Ask yourself why you have to go back to 2014 to find any communication on Kenya. Ten out of ten for effort though, but its flogging a dead horse.

Dukey they owe £4m in CLNs that's clearly laid out in Note 11 to the half year report to 31st Dec 24. They have been at pains not to tell us to who and the terms.

Who do you think will gain here

?. Its a nailed on debt to equity swap. That's why we have no AGM for twenty months. Waiting for the big one 10 billion shares 20 billion ? What do you think Hapless ?

Risks hugely outweigh reward here , particularly as DRC the only material cash crystalising event has gone very quiet.

All the rest of the activity in yesterdays RNS won't touch the sides. Finance charges alone are 130k a month [ let that sink in 130k a month] . Source half year accounts.

No lies just fact from the company accounts.

Poster Helpful uses the L word far too oftern to detract from his own nefarious position as nailed on company insider.

Funny Hapless

The Lithium was acquired in October 23.

It has made no appearance in either ALRs or RRRs accounts in any subsequent date.

What is the point of hanging on to it and paying storage cost for 19 months.

When it's worth maybe 300k and we have to issue shares to service providers for say 10k.

Your claim the Lithium exists and Bells word stretch credibility.

But you know that.

Spec - agreed the Lithium should never have been started.

Let's not beat about the Bush.

It looks as the 200 tonnes purchase from a third party was made up as their is no sign of its existence in sales accounts ( stock) or RNSs.

What does that say about RRR.

I suspected the third party purchases were nonsence all along and have been challenging this since Nov 23. Too much of a pivot from Tin Hill, one truck only crossing the border not getting to Beira, no information as commercial in confidence ( hmmm), Chinese New year. All very fishy but hey it supported a few share issues.

Bells response at the weekend did little to ally concerns ! To me it confirmed it.

He will check the inventory ! The Lithium is sat idle. It's worth ten times the exclusivity fee. If you beleive it exists.

Lithium not a distraction its the most solid evidence the company is untrustworthy.

Dukey asks Bell about the 200 tonnes of Lithium at the weekend.

Bell says and I quote

" I will check the inventory at 30th June and if any is missing he will sue"

I get some have invested a fair bit in here and genuinely hope it goes well for them but I'm incredulous on that response. It's mind-bending.

So all that hype all those RNS, he's cornered and that's all he's got Wow !

Sorry Hapless it's a Reach RNS !

I take what's in it with a pinch of salt.

Many have been burnt by Lithium exports, equipment by ship air and land to FASO, interest in FASO licences, production in Cote and FASO by the end of 2024, DRC imminent, arbitration sign off 15th January.

That's just a few. As I have told you for years RRR has a trust / credibility issue and your presence compounds that. It delivers on NO RNSs

My gut tells me it's nonsense like every other RRR news release but they must get something right just once.

Soma looks promising but that's because RRR are not involved.

Will be interesting if anyone buys into today's news.

Mikey we've been told of FASO offers for six months . They switched to Cote as its not credible line to spin .

Where do you think all the supposed BIBALLE equipment that I listed is now ?

Same place as 200 tonnes of Lithium ?

Have you read Bells response on that ? He will check the inventory and if its not their will sue !

It's worth 200k FFS.

I know you want this to do well but their are more red flags than a tourist beach in a hurricane.

As ever we will see.

Very quiet on the licence at BIBALLE.

Remember the camp, Sam M , the 100 Indians , illness, Mike Gittings, trucks from Barnsley and Scotland, gokd store only AB and SM could handle gold, shipping equipment from South Africa, customs flying in kit, wash plants, crushers, spectrum guns. Wheres all that ?

Very quiet to on the many times announced sale of FASO licence.

It's almost as if nothing talked about at BIBALLE ever happened at all.

Amazing company.

Dicko I've called everything right all the way down from 1p.

This will not end well.

Mikey.

Long time no post

It's a Reach . No deal yet.

The exclusivity fee is 30k. Two key word is missing Non Refundable. The clue is Aussie dollers. Wonder if its RRAL :)

Bit telling Hapless was bragging about a contract with BUMIGEB nearly four days before it was announced today . Insider per chance ?

DRC slipping off the radar.

Sorry still think hype for a share issue.

Not a trader Papa.

Just a simple investor.

I don't agree it's binary as you suggest you beleive or you don't.

You are the most rose tinted of all posters on here. Where's it got you in the last few years ? 6p to 2.8p.

Get some balance fella. Please don't play the move on card. You do that far too often. I will move on when I want to.

Im quite hopeful but mindful of risks and a history on delivery that's not great.

Others are to.

The boards are for balanced discussion not echo chambers for Papas view.