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Yes Helpful the exact equivalent of me and many other posters pointing out to you Helpful [ Stephen Paul Lundy] that what you are saying isn't quiet true as in nowhere near the truth.
I'm closing my many shorts just before close H50.
You are so very wise.
For the avoidance of doubt it's called irony.
Spec - bit of a catch 22. RRR has serious form on clever wording of releases saying more than reality - first exports !!. Unless it's in a proper RNS it's not taken seriously. Reach is ridiculed.
I think the real problem with FASO if it's a success is how much of production / sales is RRRs ?
No clearly defined statement on share.
Riverstone are clearly funding this and they won't do it for nothing. Could be the first year's production is there's we just don't know.
RRR declare it with limited explanations , wevall assume its ours and get a fund raise off the back of it.
Pure conjecture on my part but RRR have allways been slippery on RNS so not beneath them [ as its you Spec nothing illegal in any of it just the way of AIM shares)
Uncle Albert very busy today.
Del Boy has come out fighting and Rodney is preparing for travels to sunnier climates.
Foreign Office advice is don't do it. !!
News - some great posts on ADVFN. You and your style of posting is trending right now. Worth a peek ?
Dukey - I wish them luck to. To be fair the company has not ridiculously ramped FASO. Helpful has. He's a certainty to have egg on his face and allready has [ 1,100 tonnes an hour and 5,000 ounces net to RRR ].
Numbers will be far more modest but for a company that's achieved zero modest is progress.
As usual he is very excited about where we are going.
He's been excited since Greenland but has delivered zero zilch didly squat ever since.
The hype on FASO is identical to Lithium and look how that landed. More of the same is an odds on favourate.
Agreed Miman.
Our resident insider [ owns company CLN lends company money etc] Helpful had us all in stitches he has repeatedly quoted 1,100 tonnes an hour.
It's absolutely made up rubbish.
The company's assessment in the presentation looks reasonable with a range of outcomes.
Poster Helpful just makes stuff up.
5,000 ounces net to RRR SOON he said :)
Talkinto
At 31st Dec they had 82k cash.
Borrowings were 2.773m.
Some of the short term stuff is at an APR of 40% derived from the accounts.
3 months burn will be 600k to 700k possibly more as they have commitments everywhere.
So fair estimate of debt at 31st March 24 = £3.5m
DRC won't go far when you consider
- we have 2bn more shares raised off the back of imminent
- the increasing debt pile.
They are really coy about whose financing them.
It's comedy gold.
Helpful / Lundy has not even read the presentation he posted on here a number of times.
He's just making numbers up 1,100 tonnes per hour 5,000 ounces net to RRR !
Now he's saying he's not wrong its RRRs presentation.
Comedy gold from our very own pantomime villain.
So we don't rely on company issued information when it suits Helpful. He is priceless.
Forget whatever the company says. I think Helpful thinks he is the company.
Dogs - you came in with an open mind.
Would it be fair to say you are gravitating to the bear side.
This company is utterly astonishing as I like to say Bell could fall in a barrel of nipples and come up sucking his thumb.
FASO seems to good to be true. But then again so did ALR.
What could possibly go wrong :)
How many times has he said we can't read and we make things up ?
The numbers have been issued by the company they are in black and white page 12.
Helpful is just making up numbers and is doing the company no favours. Andrew etc need to seriously consider gagging him.
Also the grades in the presentation are 0.25 to 0.5 grammes per tonne.
Helpful has inflated them to 2 - 4 grammes per tonne. Only eight fold !!!
And he says we can't read.
He is making himself look more like Del Boy every day.
Helpful has quoted 1,100 tonnes an hour four times now !!
He's now saying 50 tonnes per DAY - 10 to 16 plants = 500 to 800 tonnes per DAY.
Quickly changed his tune.
The man's an idiot and can't do maths !!!
Note a Reach announcement.
Also wash plants arriving by air !! Our resident insider has suggested many times shipping then trucking.
Listened in full to the interview looks like Lithium has been mothballed. Still no explanation about the cash flow implications of purchasing 200 tonnes of someone else's Lithium and then just leaving it ? It makes no sense. A third party would be out raged and want paying. I'm still of the view the 200 tonnes is dubious and was a face saving measure after all the ridiculous five Chinese buyers task force and Helpful screaming put the numbers through the first equity model $50m minimum.
He's at it again with FASO
- 1,100 tonnes per hour
- 5000 ounces net to RRR soon.
Let's hold him to these numbers I think he's over by a factor of twenty about what the SP has lost in the time Helpful has been tipping it.
Finally Greenland any ideas why after thirteen years it's costing RRR 160k a year !! That was a shocker.
Good day all.
Banbury
Helpful to save face has the presentation been updated to reflect 1,100 tonnes an hour from 786 tonnes a day and 5,000 ounces in say two weeks ?
You must have serious influence. You must be an insider
News get over there and start posting.
You need to widen your horizon.
Thanks Spec - News is a nut job.
ACA and KPMG for me.
Not sure why accountancy is not a trade - I have him on filter as its nonsense and his posts very poorly presented.
I've followed RRR and Andrew for nearly fifteen years. Only Zumore and possibly Robins has been around longer or as long. Helpful I would say has been here eight years.
News comes out of the blue when Lenigas RNS lands say three months ago and knows more than anyone. Sorry he's an idiot and best place for him is Filtered.
Fair play Spec.
And thanks for bringing a sense of balance of reason to the Board.