Member Info for Banburyboy

Appears yesterday - 7 posts thus far on those two world renowned bastions of investing excellence VAST and RRR.

Not pulling any punches.

Wonder what the board conspiracy theorist H5O would think ? All very strange.

So Bionicdog. In the year to 30th June 2024 they lost £3m. That is 250k a month.

Debt was a lot lower and we were told by the auditors they had three loans wait for it drum roll at 0.5% interest a DAY plus a 25-30 arrangement fee.

I think it's conservative. Are you an accounts man ? Do you do figures. What's your considered view on cash burn ?

Robins three years ago Bell promised to look at a reduced salary if Elephant wasn't sold or DRC cash was nor received in the 2023 calander year.

He was not true to his word and dropped it in the next report.

He has oscillated between He needs to be there [ who remembers only Bell and Sam could be trusted with the FASO gold DORE [ comical gold ] !!] and Patrick can handle it all.

The whole thing is a complete nonsense IMO. Bell knows it game over. He won't be issuing any shares as he is in discussion with lenders with what happens next. RRR in a good place ! What rubbish.

Don't spoil his fun Robins that £52 trade will make all the difference.

Another pub lunch investor Helpful ?

So he says we are not going to issue more shares.

Sounds good. After 198 separate issues in 20 years barely believable.

If we give him the benefit of the doubt. Debt is £10-12m. Financing charges are 120k minimum a month. Add salaries etc ( full slug for RRAL per the agreement) that's 250k a month.

He raised 200k last cash raise in October.

Someone is lending him cash. Who ? Why the secrecy? This will not be to the benefit of SHs as Bell claims.

If it is good tell us who how much and at what rate and how much of the company he has given away in return ? He won't as IMO it will indicate how worthless RRR is.

Sorry but RRR is not in a good place. In fact it's in the worst place ever.

As Parfett says even if by some miracle he got £7m , it won't touch the sides of this mess.

On the plus side I will have to retire from posting. Every cloud eh Helpful !!

Helpful absolutely battered today. Great new posters.

Then he brings Elephant Oil in. How stupid is that?

EO = Absolute joke of a company that has done nothing for five years. Old big head Lundy Helpful owns 5% plus of EO himself. He is listed as a major investor.

Lundy has a key role in getting a US Listing. We know because hes so modest he told us about his advisory role.

That listing process has now been ongoing 5 years as its a dog and worthless. Even longer than the arbitration.

Everything you touch in relation to RRR is shocking Stephen.

Parfett some great posts and observations.

Helpful is an absolute busted flush.

Yet another poster holes him below the line.

Helpful neither relevant or interesting.

Like everything you post.

Most here would agree.

What you doing with your CLN money ? You were the one that boasted about it - not the most judicious person are you ?

I seemed to remember you posting and then boasting about the CLN to instil confidence in others invest.

Wonder how much they are down on our very own Investment Advisor watch.

Seriously how many posters on any board refer to being a CLN holder. Its takes one inflated ego with limited class IMO.

Helpful if all you have is criticism of spelling it's pathetic.

You are an Insider with an agenda end of.

Your CLN due today Stephen. But of course you know that as well as this whole awful financial position of this shocking company.

But still you encourage people to invest.

Parfett.

Agreed what is guaranteed is complete company silence until any share issue.

Bell in his dual role as CEO and Chairman faces zero challenge on his accountibility / stewardship.

I started saying three years ago RRR is run "by the few for the few". They are Bell his mates [ including Lundy] and the lenders. Long suffering shareholders don't matter. What is even more gauling is Lundy despite being "in on it "continues to post to attract people. Shocking and wrong.

So much to look out for on RRR.

Two months since the spike at 0.06p following hyperbole on Arbitration meeting.

PoW payment due tommorrow.

CLNs due tommorrow.

Half year accounts by the end of the month.

Delayed news on

- Lithium 200 tonnes after Chinese New year

- Termite sample

- News on small scale production in Faso and Cote [ due 2024].

- News on all the various NDAs

- News on arbitration signing and remittance.

- News on Soma royalty

- News on housing joint venture.

- News on NBGC being 100% RRR.

- News on Bell meeting el president.

What's not to like

Despite spending 150k a month.

Since 30th June 2024 last balance sheet date they have only placed shares once for cash in October 200k.

Debts must be significantly increasing but someone is prepared to bankroll RRR.

That's a good thing.

Let's hope the lenders incentives are not at the expense of ordinarily SHs.

RRR does not have much going for it IMO but a positive must be lender keeping the lights on.

Correct on half year report Zumore but unaudited.

Unfortunately no snippets that Littlejohns insisted were included re loans at 0.5% interest a day !!

Should be able to figure out a bit more on debt.

We disagree Orslega.

It's in italics for a reason a statement attributed to Bell as opposed to a fact cleared by the Nomad.

We've had a number of these statements from Bell. and six weeks has now passed since this one.

As we say every month and week. We will see

Says who ? Same source as 200 tonnes of Lithium exported? Or gold from FASO or Cote in 2024 ? Or 20th January 2025 meeting Wed to sign arbitration cash in bank on 22 Jan ?

If I remember that was months ago in italics [ attributed to Bell ] and nothing came of it.

Many of the licences are delinquent as he's not spent the cash in the agreement.[ Cote / Kenya].

Not sure he even owns NBGC as its not paid for.

All very messy.

But I could be wrong and we will see

Drilling crew the assets have been for sale forever. They are very average. Far more attractive prospects elsewhere. That's why when gold goes up RRR goes down ! Short term factors, trust past performance, lack of cash, £10 -12m debt far more relevant.

Laura - this is Lundy tone death and ignorant.

There's nothing he won't do to hype this dog.

But Speculative a terrible way to run a company.late Oct 24 - small scale gold sales FASO and COTE in 2024. Repeated on 6th November on target still.

It's more than noise, it's misleading rubbish.

Just my opinion but I very much doubt any activity at either. Which goes full circle to beleiveability.

David two more examples of silence ....

1 - November 23 - 200 tonnes of Lithium exported. The SP doubled. No evidence it was ever sold. Helpful said its in a warehouse in Beira. Company keeping stum. Silence.

2. 18th Oct 24. Termite samples from Cote to the lab. So important RRR fast tracked the payment silence ...

Bell says his RNSs are precise and factual.

I and many others on here and I suspect the Nomad have seen enough to suggest otherwise.

Bells problem now is believability. After all the above and Greenland most would want independent assurance before they beleived anything he said - arbitration, cash remitted or JV.

Sad state of affairs but only himself to blame !!

Orslega -" hes not been round for a few days".

So good news or bad ?

Knowing Bells character I would say bad.

Lenders [ including Lundy] will be all over this. Including what happen next with POW and CLNs due Wednesday.

A real test for Andrew if anyone including Lundy behind closed doors and off this board beleives anymore.

FWIW your post about RRR being invited to participate in a social housing venture is side spliting stuff. Why ? What expertise / cash does he have ? Sounds like nonsense to me.

But as everwe will see