Member Info for Banburyboy

David - Helpful himself has estimated royalty of 30k in July and a few hundred k in November.

Meanwhile RRR are burning 13k a day.

I did some calculations yesterday at that burn rate by the time we get the November debt is going to be £1.7m MORE than now despite royalty.

Completely uninvestable due to the finance charges, debt, and CLNs

Helpful you silly boy the liability is in RRRs accounts but the future royalty is almost certainly pledged to the loan holders of RRR debt.

Simples.

Https://find-and-update.company-information.service.gov.uk/company/13470424/filing-history

No evidence of any tangible assets [ the famed plant and machinery] at 30th June 2024 in FMLs accounts.

Nonsense is an under used word in an RRR context.

Remember all the talk of production in April / May and July 24 ? Remember who instigated it all ? Helpful. Bless him

Https://www.lse.co.uk/rns/RRR/colombia-update-vr2fxk3dfoy2uhi.html

David as with everything RRR nothing is straightforward.

They got there 250k from Para 60 days later.

They didn't got their $1m from Para as planned on 1st April 2018.

Delayed until June 18 and Para ended up making them take share as part payment.

All academic. The issue in question is the future royalty pledged to the lenders ?

It's the only asset RRR have and any reputable lender ( let alone our loan sharks] would insist it was put up as security. Helpful will be front and centre of these arrangements.

Yes 10th October RNS said recoverables could be up to 2m Barrels.

The proved range from yesterdays RNS is 0.827m to 1.24m.

Talk of hooking it up producing very much depends on what the well investor does next / wants to do.

Davwal on 23rd July RNS they said

" Condersate produced had an average American Petroleum Institute [ API] gravity of 58 degrees, making it a highly desirable barrel for the Utah refining market. The Condersate produced from the well was sold on at a price close to WTI"

I would have liked CH to be explicit on this in yesterday's RNS. I was hoping for similar and it would reassure.

Nelson I'm onside and invested but this is not oil its Condersite produced as gas rises to surface. Million dollar question is what are the properties of this Condersite Some refineries don't take poor quality fluid. My suspicion whilst good this is more of a gas play which posses different issues. Key also is what does our partner do who invested the $7.5m ? Develop or not ? In hindsight a good move by CH getting a partner the unknown is will others arrive and stump up $ with these results. Not trying to be negative just balanced and this I'm pretty sure is not oil. But stand to be corrected.

Https://www.quora.com/Why-the-condensate-price-is-usually-lower-than-crude-oil-price-It-is-said-that-condensate-is-amounted-to-a-super-light-crude-oil-Is-it-not-the-case-that-as-the-crud-oil-is-lighter-Its-price-should-be-more-expensive

Sorry scrub that last post comment Condersite is less valuable than WTI and difficult to refine.

Looks to me as if that makes gas play more important and they will be looking at the characteristics of the Condersite.

I'm heavily invested but while quantity wise this may be in the top 6% of Wells the problem is does it make the top tier in quality. Or is the condersite poor quality.

Https://www.tidjma.tn/en/glossary/o-g-condensate-6411/

Good description sounds if anything more valuable than crude.

Speculative.

Our resident insider and advisor to Topham and Bolitho has done the maths.$3m in the future = $2m today. I said nine months ago they should forward sell this to avoid dilution.

To late, but Lundy is not interested in us his main interest is his clients . The dilution has happened. £4m of CLNs ready to pounce and the Royalty has IMO allready been promised to the lenders as collateral.

RRR run by the few for the few.

Arbitration imminent July 22.

First exports of Lithium November 23.

First Gold production in Cote and FASO - December 24.

Operations Update in April 25.

All documented in those famed "factual and precise RNSs" Bells words.

All helpfully aided and abetted by an Insider whose posted 14 thousand times but can't bring himself to mention finance charges CLNs and debt.

I guess if your entire existence is to ramp RRR debt finance charges and CLNs are not a "good place" to dwell on.

Https://www.lundy.org.uk/about-lundy

Silly me the board insiders very own Island.

3 miles long and half a mile wide !!

Stephen

You should go. Different air to Manchester and at half a mile wide they could fit you in.

Makes a change from hanging around here as the pickings are slim. Just go for it and tell Belly your sick of him letting you down with false promises of progress ? Rich pickings in the island with your name.

Stephen

300k Royalty in November wowser

7k of finance charges a day and 6k of salaries and other charges a day up till then ?

13k a day. 400k a month.

June July August September October.

5 months £2m cash requirement less 300k from Soma = 300k.

Where does that leave us Einstein ?

Answer £1.7m more in debt in November than we are now. All no doubt repackaged on the sly as CLNs

RRRs not in a good place and on its way out.

DYOR

Helpful

The Royalty is peanuts in July. I think we agreed something like 30k. In October i think a lot more.

Previous analysis is company is burning 15k a day so a long long wait until October.

Every posts of your lacks context as you NEVER address debt [ 10-12m] finance charges £1.5m per annum or £4m of CLNs. Unfotunatly Soma royalty $3m over three years does not touch the sides.

Ignore all those

Old Cloughy Big head arrives when hes beaten.

Was that Elephant Oil in your dreams Helpful. I remember you telling us you were key to the famed IPO over the line.

Still your serial groupie Nike was impressed.

The subject definitely needs changing SPL.

That was priceless.

Too difficult for Big G to buy RRR. I'm splitting my sides.

If this is you being good at Maths stick to English comprehension or the useless gold and neighbours links.

Your quite active today given the T&Cs of your job would I be right - confetti time :)

I'm wetting myself with Helpfuls post on Big G.

Seriously Stephen its embarrassing.

The only sock puppet is Nike. Everyone has him on filter even you his hero never acknowledges anything he contributes but there he is still reccomending your ridiculous 13.08 post.

Helpful I love you. The best ever. Keep it up please.

Zumore we need you here.

That 13.08 post from Helpful is the stuff of legends Helpful is says how would Big G aquire 50% plus one. ? Easy they would know to approach you and your clients with all the CLNs. After a bit of bluster a quick EGM you would settle for £5m tops.

Only problem is its fantasy and there is a zero claim against Big G.

Just like Lithium exports, FASO gold, Faso transaction meeting the president its all fabrication in my opinion and many on here.

Seriously Stephen its desperate call it a day.

Helpful of all the posts you have ever posted that one is absolutely minted.

Are you OK have you been drinking ?

Trust me if there was a sniff of a valid claim G would take RRR out for peanuts.

In the same way you have with and on behalf of your clients stolen the carcass of RRR from shareholder. Invest then loan then CLN.

You insult my intelligence and everyone else here.

It's nonsense like everything else and we enter the end game.

Banbury 10 Helpful Nil. Hang up those boots Saddo