Member Info for Banburyboy

As ever I believe RRR are being very economical with the truth.

They have no income and spend at least 250k a month [ 133k is finance charges]

*** Half year report finance charges = £0.804m.

Don't be fooled that RRR is reducing debt its piling it on.

Any audit in my opinion would confirm either

1 - they are likely paying accrued interest with shares

2 - if they are actually paying debt principle accrued interest is growing by more and therefore total debt is increasing.

As I have said for years the risk reward looks exceptionaly poor here and its getting worse.

No Helpful ? I wonder why ?

Shocking Dogs - he should be removed.

Do you think he will even bother himself to provide an update Tuesday that was promised in April ?

The Belgrano link is very appropriate. Not long until RRR is completely sunk.

For the avoidance of doubt on my last post 0.5% interest is per day. 0.5% per day plus a 25% arrangement charge.

I too remember Helpful saying Bell didn't need to dislose loans under 200k. Let's consider the ridiculous lack of transparency of this company

1- We know supportive shareholders lend RRR money. We are not important enough to be told who these SHs are.

2 - We know as loans are made and paid in shares there is no disclosure of holdings %. Why ?Because they don't want us to know ? . Could be Helpful Bell anyone !!

3 - No disclosure of terms. What assets are secured. You can bet your life nothing will be left for ordinary Joe's.

4 - No disclosure of cost of loans. The auditors tell us its a 25% arrangement fee and 0.5% interest on some loans. That's staggering stuff.

I can also remember Helpful told us he does not lose money hete. Nice !! He's ramped this down from 1p to 0.035p.

Would any sane new invester want to add here ?

Zumore it's shocking

5.655 bn shares on 31st Dec 24 7.096bn today.

4 months - 25.4% dilution.

That's just to pay a portion of the debt.

As you say zero disclose of debt, the terms and major holders.

This pathetic shower can't even manage the promised April update.

Speculative as somone posted a few days back he could be on the payroll or renumerated in some way indirect or direct.

It's a misception bashers are paid. That fool H5O always raises it.

Rather rampers could be paid.

Helpful must have an agenda

- mate and confidente of Bell.

- 10% holder of ALR.

- Similer interest in Cote and FASO

- CLN holder

- Major shareholder in Elephant Oil.

- conceded on here he has lent RRR money oftern

- conceded on here he and a mate tried to buy a RRR asset charge.

The pretence that Stephen Paul Lundy portrays that he is not an Insider is ridiculous.

Because this rotten company disloses nothing on major PIs. Only Black plays by the rules and he's dead [ although Maidit has not realised].

For all we know some of these debts including the high interest ones are with Lundy ? The cap fits.

April update !! Thank you Andrew

He started uber ramping at 0.0275p on 21st April. Someone knows something !!.

He was then busy manipulating sales to get the SP to 0.0426p at close on 24th.

He knew the loan placement was coming and his job was to get the best price.

He's in denial about the SP on his watch, the RRR fundamentals [ or lack of ] and worst of all, he is an Insider left right and centre.

Absolute slime ball of an individual.

So the 5th RNS on share issues in 2025.

We are 4 months in.

There was one on 31st Dec 24 I have not counted.

All five have been since the drama of the 22nd January DRC sign off and Bell visiting the bank. Remember the one Mr Big from Geremines was there. Why else would he be there cried Helpful.

At the current exponential extrapolated rate we are due another ten share issues in 2025 and will end the year with 10 -12 billion shares.

Spookily a billion shares for each £1m of debt.

Helpful will retire for a while. But he allways comes back.

1 - Debt up circa £4m

2 Share count up from 4.138bn to 7.096bn.

3. No progress on DRC

4. No production or income

This is the here and now.

Yet the resident Investment Advisor continues to suggest RRR is in a good place !!

Could promise an April update. Fail then in early May issue 450m of shares.

Bell will spend the next week drunk on Reforms success ignoring companies business !!

So now I've teased out your / Soma figures. We have common ground.

So $1,500 a day. Not commencing until at least four months.

Finance charges are £5,000 a day RRR figure. 150k a month.

We will need to issue 400m shares a month [ the ones you said would not be issued] to stand still.

Same conclusion too little too late.

Views on this and the share issue Stephen ?

Not at all maidit. All the nonsense last week was exactly as I said it was. The company manipulating the SP to set the reference price for this. I can read RRR like a book.

1 - debtors realise they won't get there money back so willing to take a haircut.

2 - A haircut that's not to difficult to stomach as interest is o.5% a day with a 25% arrangement fee.

Classic RRR.

No April Operations update. Just the issue of shares everybody but Helpful said would not happen.

With £10- 12m of debt this could be a blood bath.

As ever Stephen I am right any you are wrong

So Stephen

I was wrong about the ambiguity on the royalty. I said that yesterday. It's a strength to admit failures. You should try it ? But you have never. Not once which is why you have no balance or contrition or class.

So moving on I used your figures.So vaidate please ?

1 -360k year one. Agreed ? $1000 a day

2 - Royalties payable in arrears so minimum wait 4 months ? Agree.

3 - Finaces charges 5k a day. Evidenced by six month accounts.

I'm afraid any balanced objective non insider investment advisor would conclude its to little too late.

Come on Stephen indulge us. Can you ever recollect a time you have been wrong about this share ?

You are funny Helpful.

Too little too late.

Bigger picture fella. Its a busted flush, which sadly you know.

No amount of sparing on here with me will change that.

April update: That's a laugh. Belly would need to tear himself away from the local election results :)

You really make me laugh Stephen. You are as thick as they come.

Keep up. I conceded the issue of the royalty. Just like you should concede, the undefendable fact you relentlessly ramped this down from a penny to 0.03p. Difference between me any you ? I have balance and class. I'm objective and do contrition. You do none of these.

So, taking the world worst investment advisors figures.

Year one target 8,000 ounces. That's revenue of £12m. 3% to RRR = 360k.

At best payable quarterly in arrears and at worst annually.

So your time line of four to eight weeks is irrevent to RRR. Its four months at best all going well and could be a year to first payment. Start of mining not relevant but part of your unbalanced rampy approach

Meanwhile interest charges from RRRs own accounts are 804k for a six month period. That's 5k a day. The current run rate a day is probably 7k a day.

Contrast that to your Y1 royalty which is 1k a day.

Too little to late and no self respecting Investment Advisor would recommend this share without a view on its debt.

Hang up those boots and give it up ?

It is boring tying you in knots everyday.

Lundy will have jogged Andrews memory.

The advantages of having your very own cuddly insider.

Https://find-and-update.company-information.service.gov.uk/company/05225394/filing-history

Spec the whole RRR family have moved the registered office from Salisbury Street to Aldwych this week.

The PLC RRR Coal Ballarat etc

Hope they have a very short term lease or is it a sign they are going up in the world :)

An April update from me not the company :)

Thank you Stephen.

Nice just the once to see a relevant link from you. I will ignore the EO irrelevancy that followed.

So I said six months ago this was the only realisable asset in the near term RRR have.

Surely better to sell it at discount to avoid further share issues/ interest on loans at 0.5% a day plus arrangement charges ?

Let's just hope RRR have not done that allready or hocked the asset. Nice to have more information in the "delayed" April Operations update.

What's your considered Investment Advisor take on RRRs debts and finance charges ?

Making stuff up !!

Production in FASO April 24 then May then July cried Helpful .

5000 ounces etc to RRR soon

2100 tonnes per hour throughput

$450 all in cost per ounce.

Remember you crying 5 million tonnes a year from Tin Hill . You own 10% of both of these. Posters listen to you

No one makes up stuff as much as Stephen Paul Lundy.

Agree on all four current failures Spec. My point is its systemic its relentless and never changes. Years of past failures that move into past failures box

And then up.pops the man with no shame the resident Investment Advisor insider. He reassures us all is great and well and RRR is in a good place.

IMO Bell forgot about what he wrote in the half year accounts update in April . He will be knocking up a Reach whilst I type. What goodies can we expect ?