Member Info for Banburyboy

Thanks Duff.

Agreed.

I just see some posts that imply the $100m is something it's not.

It can't hold a torch to a free $7.5m carry which proves ZPHR can do excellent deals.

Unfortunately they only add to our production Northern if we contribute so ZPHR cough up 10% we get 10% of revenues.

Wow - its hardly earth shattering and the $100m is someone else money used solely for their benefit until a mercurial hurdle rate is met and then ZPHR get an undefined share.

$100m is in my eyes is completely overplayed by posters on here.

Heavily invested here so no de ramper but frustrated by posters bigging up this $100m. It's not clear what the benefit to ZPHR is.

Duff .

There is no mention of anything specific accuing to ZPHR in the RNS you have lifted. Ie no management fee for our services. That's the point why do you think there is a consultant fee ?

Tell me what you think will accrue to ZPHR from that RNS.

Nothing until an initial hurdle rate is met.

That's no doubt a few years.

Tell me what you see as a benefit to ZPHR.

That's my whole point too many posters on here think the $100m is something it's not.

Northern - " get some of the $100m deployed and working."

Can you expand ?

As I understand it we are providing advice on options, with no mention of a fee for our time. 100% of costs and production are attributed to third parties. Any ZPHR benefit is likely a few years down the road.

I just think it's the least important activity.

It take management time away from Paradox and any immediate SH return.

What am I missing.

I think the $100m is a side show.

Dukey I'm wetting myself.

Lundy says why do we get everything wrong !!

Prem up 80% now.

Dummy buy

RRR - 0.0269p

PREM - 0.32p.

They just got rid of Roach and believability has returned.

Maybe Bell leaving might lift RRR also.

It's like everything Helpful says or does just crumbles :)

Know nothing about them but know Helpful thinks they utterly rubbish and RRRs approach to Lithium was far better than PREM.

Helpful is on another losing streak looks like they are on a roll, overtaking RRR in terms of SP, and producing.

When was the last time RRR spiked on news Stephen or had any news at all ?

We had a period in 2024 particularly on FASO where he made things up. FASO production at various months.

I think he realises he is an Insider and there is a public record on this site and he leaves himself vulnerable.

This year he's reigned in the excesses but is having to contort himself ridiculously to spin the last RNS into a positive, and find a positive in this mess.

The default question is why bother - Orslega / Mikey Dicko and even Maidit have moved on.

He bothers and every day jumps in here and swims against the tide as Dukey says he and his clients are up to their necks in the swamp that is RRR.

Fascinating watching.

Pete - they don't do many presentations try the November 23 one.

Slide 14 salt wash complete silence all milestones missed.

Slide 15 - Paradox next steps not the greatest.

Remain invested but my confidence took a battering with fund raise and lack of news on Paradox. A statement that $7.5m drill invester is interested in progressing to production.

That single piece of news would rocket the SP. If its that good, why would they not commit. We don't need to know their name just the commitment.

Hoping for the best here but fearful.of a kicking unless they actually move quickly.

Stephen.

Consensus view of postings favours my view

Let's walk through professional service costs in the accounts. FY [ half year in brackets].

Accounting 124k (66k)

Legal 9k ( 1k)

Marketing 47k (2k)

Regulatory 93k (69k)

Travel 76k [62k)

General 95k (50k)

IT 8k [4k)

Rent 90k [43k]

Insurance 47k [27k].

I cannot see any of these providers taking shares.

The RNS is ambiguous to say the least referring to both cash and service providers.

Other options are

RRAL - POW taking more shares to keep the lights on ?

It's actually a cash raise which I think most likely for wages etc.

Helpful jumping on what the service provider

wording might mean speaks volumes. As Spec says he was peddling hard last night and using a lot of conjecture. He sounds desperate.

Still from our June RNS production at FASO in four weeks to save the day !!

Helpful it doesn't make sense not to wait !! Have you really lost it !

1 - They are owed 30k .

2 - Any independent due dilligence says RRR has Zero credit worthiness.

3 - As a service provider they are not secured and don't rank high in the insolvency hierarchy.

4 - RRR has no cash.

5 - Shares is better than nothing as you say 15k.is a decent bite but at least they escape with something. Rather than nothing.

6 - Never to do business with RRR again.

You really have lost it fella.

ICE I won't bother responding other than.many on here think you are the fantasist, you are the guesser and you are the one in denial.

Time will tell

Dukey new share issued on or around 11th July Friday.

Five or so trades all day.

Then 70 plus trades all timed at 16.09 22.

This happens a lot with RRR.

Anyone know why ?

Thanks.

Mick have you ever thought the only reason WG can let new contracts is because SID are providing guarantees to lenders ? Might even be a lender themselves as of now per the terms of the take over.

I agree we need the best outcome for shareholders.

I trust Rothschilds, the big PIs and yes even this very poor board to achieve that.

In my view WG is in real trouble and going it alone is not an option at all.

I hope SIDs grip is not to tight to stiffle other interest. Again that's for the advisors BOD and big PIs to assure us on.

The prospect that WG can go it alone with all this awful news is a falicy IMO. Lenders will want paying ASAP and debt for equity will be a wipe out.

Just my opinion and yes ICE if SID take over it will happen IMO without accounts as the majority if the SHs[ big PIs] determine it is appropriate.

What I hate here is ICE belittling posters and presenting his views as fact.

Dogs he had a few days off.

He reappeared Sunday. Teased news this week.

And we got his news yesterday. Placing / issue of shares etc.

Helpful is certainly resilient. He never tires of being wrong.

Stephen

Now be fair I think imminent for four years is a little more than a short term timing difference.

Also for RRR every day is 7k in finance charges.

You were wrong on ALR and wrong on FASO smart money says you are wrong on DRC to.

Stephen, you were telling me you looked forward to me never posting again as news was due . That was July 24.

I had lowered my SP threshold from 0.12p to 0.08p. And said if it hits 0.08p for three days or RRR gets £4m net from DRC I would never post again.

In July 24 you were making all sorts of ridiculous FASO predictions on gold that never came good.

You were also suggesting it would be a matter of weeks and I would be gone.

How do you feel about that now ?

Personally I think RRR has Zero chance of attaining either.

You Stephen live in hope but sadly most professional investment advisors base their SP targets on more than hope.

The RNS was ambiguous Helpful it seem to suggest it was both a cash and payment of a service provider.

The writer trying to be too clever and tripping themselves up.

Long debate on here yesterday about the ambiguity of that RNS yesterday.

As to why the service provider would take shares ? Cash is not an option.as RRR have none. So its that or be last on the list of creditors priority on a wind up.

Only you could dress a gun held to the head of a service provider as a positive.

Dogs based on the all three placements being to a select group of mates it would not suprise me if just a few holders own 70% of the company snd some own individually 25%. They also own the debt.

We also know £4m of the same individuals debt is CLNs.

So a couple of individuals own the vast majority of the shares and the debt and loans are backed up by an eye-watering amount of CLNs.

This company might as well list itself on the dark Web given its unwilling to share even the most rudimentary governance and ownership information with its shareholders.

Yes Blue.

Shame we never got an equity share in Soma or a follow up fee on resale. It's a fixed $3m receivable over 2 -3 years from Nov 25. If Soma accept the T&Cs [ Dukes point ]

Won't make a dent in our £10-12m debt !!

Helpful we have a single Investment in Elephant but it's untradable. Value zero. Talk of SOMA share price is I'm sorry but desperate even by your standards. Not relevant to RRR.