Member Info for Banburyboy

Nominal value of shares is 0.01p.

You can't issue below that.

Ironically in 2015/ 26 RRR hit this issue and did a 25 to 1 share consolidation. Mr Bell reduced the nominal value so history would not repeat itself.

Let's hope not.

Astonishing Lundy posted yesterday.

The irony of Bell talking about Trust is delicious. For years I have flagged his personal trust issues.

- Lithium photos and 200 tonnes. Sell it now and his credibility would go through the stratosphere. But he can't do that !

- production in FASO and COTE 2024. We are now told kit is still in customs [ what a climb down] Termite sample in Cote seng to Lab Oct 18th 2024 never to be seen again.

- 22nd January finalisation meeting for DRC. Bell has been wildly optimistic far too many times. A sane invester would question his balanced judgment as well as trust.

- Silence on severity of financial position 0.5% a day interest is userous. Reclassification of loans to CLNs is clearly a huge risk to SHs. Balance sheet technically insolvent .

- in hindsight acquisition of POW was reckless to the extreme. Its pushed the company under soon than otherwise

- Greenland asset sale allways looms large with the word trust. The cash from the asset sale was "lost"in the Cypriot banking system. Not before a fortune was raised off the back of it. Let's hope we don't try that again.

I'm deeply suspicious of the FASO transaction (s) based on miniscule RRR investment and progress to date and geo political location. I think it was just words to cover a really bleak half year update. Typical RRR hyperbole. Stick something in an RNS and get Nomad to check it ? I don't think so.

A wag on the other board suggested sadly RRRs main asset could be its accumulated trading losses which in a fire sale any aquirer could offset against future profits. Probably tounge in cheek but how ironic would that be ?

Still price of Athinomy is holding us well. So every cloud ...IMO and DYOR.

Valuation IMO - Nil as you asked. Bit like Greenland not only do we blow a fortune but get stuck with remedial costs for many years after :).

Speculative enquiry bigged up to be far more than it is IMO. As every let's hope for the first time in five years you are right ?

See Prem on the move. They have more Lithium than us. Whoops I forgot the mercurial 200 tonnes.

Over and out.

It's stating the obvious Helpful but.

This is the same company that tried to create a spike in its SP by promising us [ via an RNS in October 24] gold production in FASO and COTE by the end of 2024. It re-iterated that guidance on 7th November by a proper RNS.

We are now told the equipment is still in customs.

If they can mislead so badly in an RNS what confidence would anyone have in an uncollaberated statement in an unaudited half year accounts.

If there was anything serious in prospect they would be banging down the Nomads door.

Roland's been fooled that many times IMO he has the same trust issues most of this board have.

Loving seeing you all spiky and on the ropes.

You do realise your presence is a complete drag on the company as more and more post in disgust at you.

I will quit this minute if you never post again ?

Offers there.

Helpful - you will know more than me on FASO but that extends to you know far more than me on RRR. For reasons we disagree on.

I've got a great track record of calling RRR correctly yours is shocking.

So yet again let's see whose right.

You touting the big deal [ love the way DRCs out of sight)

Me saying nothing will come of FASO.

PS why are CLNs up from 500k to 3.5m ? Lenders just a tad nervous. 130k a month of finance charges and rising. Un investable IMO and market agrees.

Helpful your stated valuations thus far consist of

1 - ALR - five Chinese buyers. Do you really think so many buyers would be interested if it was small scale. 5m tonnes per annum you said Zumore will post . Do the maths you cried use the first equity model. So your valuation was £200m plus in the late 2023. By June 2024 it was fully impaired.

2 - DRC you said $420m . Three RNSs signing, remittance meet the President.

3- FASO you threw around 5000 ounces, 1200 tonnes per hour and $350 per ounce costs. You also called production in April then May then July of 2024.

Your record on valuations is exceptionally poor.

Based on where it is, progress to date and previous noise made I will consider the chances of the transaction or transactions proceeding as negligible. If it does less than £1m.

This in my view only let's see who is right and wrong but your track record on both this share and valuing its assets is completely rubbish. I on the other hand have allways been right. You don't like it but it's fact.

You I am afraid are a laughing stock and making it worse. Call it a day ?

Helpful that 12. 39 post hangs you if there is a deal and hangs you if there is not.

You are a 10% holder in FASO. You should not be posting and encouraging people to invest in a FASO deal you are party to . Oh dear oh dear. Frustration and anger got the better of you ?

It must be frustrating being wrong so often ?

Helpful any deal and you and the other resident insiders would be mopping up shares like no tommorrow. Your not.

The pivot from DRC is telling. RRAL forgotten.

So to answer your question there is no deal on FASO you are making it up as you can't stand being wrong [ I would have thought you would be used to it ]

Very naughty as you are an Insider and 10% holder of the FASO subsiduary. Tut tut.

Note the deflect and detract. Helpful is out of his depth and drowning

Remember this one from May 24

FASO

1 - 5,000 ounces net to RRR soon

2 - $350 costs to extract

3 - throughput 1,200 tonnes an hour.

Looks like our machinery none of which is in the accounts [ shipped from South Africa] and trucks from Barnsley and Scotland are all stuck in customs. Faint smell of Lithium as ever.

Come on Stephen - your credibility is Zero.

Time to sell that 200 tonnes Lundy ?

Oops just need to find it first.

Now Lundy this is more interesting than your nonsense on gold prices and neighbours.

The audited accounts to 30th June 2024 suggest outstanding CLNs of £638,535. In the notes.

The unaudited accounts at Note 11 say CLNs at the same 30th June 24 are £2.877m and at 31st December after new issues are £3.205m.

Helpful of course knows all this being an insider and holder of CLN's.

The questions are

1 - why reclassify loans to CLN's for these accounts ?

2 - why keep the terms etc it secret ?

The obvious answer is collateral / protection to lenders which they are demanding to the detriment of shareholders. The terms are likely onerous (like 0.5% per day is) so that' why IMO it has been disclosed.

I note with irony Lundy get 12% pa on his note. Base on half year CLN interest of 430K and average CLN outstanding in the half year accounts (£3.205m) that's a blended rate of 27% per annum.

Clearly our resident insider is losing out and will be reflecting this in what he demands as terms of his extension. not like RRR can pay him :)

Interesting and does not look pretty IMO Stephen.

Welcome your expert view - stay calm and dont blow a gasket.

Says the man who said RRR is in a good place and has ramped it down from 1p to 0.03p.

Your track record is far worse.

We are still in the game.

Suspension very much on the cards and you know it ? Cue AGM time !

The only reason they have expreessed an interest as its game over and the carcass is being examined.

Nothing will come as ever from it.

Let's hope they don't look at Mike's report, which probably told Bell a few home truths.

Helpful does raise suprises very oftern and is going cold on DRC after a new pivot to publication. Comedy gold. 130k of Finance charges a month ! 5k a day. CLN at risk Helpful :)

What deal on BF Helpful you jump around every day to a different load of nonsense.

Given we paid circa 100k for the licence and have done FA to develop it. Given FASO is a basket case of a country and given RRR is desperate Not much chance of a deal IMO and if there is one it will be miniscule £

I have called this right day in day out for five years you have called it completely wrong at every turn.

Sells below .03p and 130k of Finance charges every month is all you need to look at Lundy.

Go do something useful. Sort out Bespokes Accounts ?

Helpful is the lead on the funding transaction for Elephant. He owns twice as much of Elephant as RRR.

How long have you been working on it Stephen ? Five years plus ? Despite all the neighbours links I suspect you are flogging a dead horse.

Good summary oldnbald.

Small point to add.

The one person that knew this all along IMO was Helpful. His lack of contrition and regard for doing the right thing was truly awful.

Zumore I was smiling. I bet Helpful is running around like a headless chicken and Bell is hiding from sight.

Mindful of Speculatives comments about suspension but whatever happens next AGM should be interesting.

Everything's in Bells head so he is indispensable but at the same time he should have gone years ago.

Cue some gold price links to cheer us up !!

Dogs that was the most mind-blowing statement ever. I assume they have completely forgot they put out an RNS in Mid October 24 and a re-iteration in November 24 that they were on target to achieve production in 2024.

I don't think he could show his face on Stockbox again. Trust / Credibility shot.

The AGM situation should be interesting.

RRR not in a good place, and risk reward shifted heavily to the negative IMO. But we will see miracles sometimes happen.

Will know this is not pretty.

He and other CLN holders will be crawling all over this in relation to the extension and information provided by the company privately.

Helpfuls key consideration if no DRC a wind up looks likely how does he stand with his various interests ? CLNs stake in FASO and ALR. A solid example of how his interests are not aligned to other SHs on here.

He is a conflicted insider and really should not be posting.

Https://www.lse.co.uk/rns/RRR/update-8211-australian-gold-project-3cm2gqxfkc7lgx3.html

The inference from the 11th December RNS was only 300k plus some small amounts were due.

Another famous clear and precise RRR RNS - bless