Member Info for Banburyboy

Orslega - correction Confounded started the AI nonsense late last night

My research proved AI wrong the debt is £10m plus.

Still a drop in the ocean now we have multiple offers for our assets and DRC is huge and on the cusp.

My retirement beckons.

Good luck for tomorrow

Hyperbole on steroids from Bell.

Multiple offers for assets and DRC closing quickly.

Boom !!!

Ten bagger from here.

He's not holding back

- Riches Galore from DRC.

- Multiple offers on the stocks for our world class assets.

Not one but two life changing opportunities for shareholders.

No way back from this one Andrew.

Your adoring shareholders await.

If Bell had had multiple offers and evidence I'm sure he would included them in an RNS.

That would have increased the SP and meant dilution from last few issues was not quite as harsh.

The fact he did not do this and has been knocking the Nomad indicates to me the offers are very speculative.

Bit like Wood Group vultures having early sight of the carcass.

I agree it is real fighting talk. Interesting

Argenta - Helpful is being awkward. The annual report informs that RRRs Lithium assets were fully impaired and a loss taken. There were no Lithium sales. The asset is valued at Zero.

A tad dissapointing despite numerous requests the company could not inform us itself. RRR is good at hyping 5 Chinese buyers, task force first exports Chinese New year but awful at conveying bad news and delays. On that point we were promised in an RNS in early November 24 small scale gold sales in FASO and COTE by the end of 2024. The radio silence means bad news !

The one side only RRR.

Helpful does not see fit to highlight any negatives and lacks balance

AI interesting - I think it's characterisation of Andrew and me for balance is probably about right.

Wheres it's failed miserably is on numbers. AI spat out debt of £1, 587,604 at 30th June 24. The position is there for all to see. Current and non current liabilities of £8.184m. Representing trade creditors and debt. The notes confirm it excludes PoW as conditional.

Based on raises and historic cash burn debt is £10m minimum could be as much as £12m.

Good luck all Bell reckons untold riches to come, so I'm sure that debt will be a thing of the past

Meaning Helpful cryptically good news Ahoy ?

Assuming you have inside information or an attempt to mislead ?

I am a Shareholder Richy

I took my own advice and filtered you.

Thanks for the sympathy.

Good luck with your investment whatever anyone says on here win or lose won't alter the end outcome.

Richy I think my medical advice is Filter me. You will feel much better.

Richy welcome.

The first port of call is to report posts on here. Given less than a handful of my 6300 posts have been reported they are broadly accurate. It would fail. But then again throwing good money after bad seems to be what RRR does. So never say never.

Glad you agree the numbers are nonsense on AI Orslega. Cold hard facts matter when Investing and that why the SP is where it as. Alarm bells / red flags on every financial metric.

As for bitterness yes Andrew has misled on many updates on many subjects for many years. That's not right.

Remember this post 1st November.

" Nice to see the FUDders in a panic made my Friday.....RRR has started its recovery £20m to £200m and hopefully all going well £2bn MCAP of AB secures a really decent project"

You really did fall hook line and sinker for the don't miss interview rubbish and meeting with the President.

Banbury allways does a better job than AI.

So Confounded is a two stock investor. Large investment in CRCL and joined this board on 19th February 2024.

He said at an SP of 0.081p

" The risk reward from here IMHO, looks the best of anything I have come across for years including CRCL"

You are lucky Confounded not as underwater as some but it's not looking so rosy.

What I say on here is factually based, in my profession I can't afford for it not to be.

I would reccomend in future relying less on AI and roll up your sleeves and do your own research. It's not difficult.

Confounded - congratulations on not using the words Fudders. Did you forget ? Was it late ?

Very reassuring post as it exposes in no uncertain terms the limitations of AI.

So AI thinks £1, 587,604 was borrowings at 30th June 24 !!!! Wow.

I would recommend you look at the balance sheet yourself. It's pretty easy.

Non current liabilities - 756k

Trade payable 2511k

Short term internal 1890k

Short term borrowing 3037k

Total current liabilities 7438k.

Total liabilities at 30th June 2024 = £8.186m.

Tellingly at 30th June 2023 they were £5.976m.

A number of factors point to the current figure being well over £10m.

1 - Audit comments the figures ignore conditional POW payments. [750k].

2 - Hugely higher financing charges 0.5% a day since accouts.

3. Growth rate in debt between 30th June 23 £5.976m and 30th June 24 £8.186m. Applying this over eight months.

4- Raises are mainly just to pay interest on debt so company expenses of circa 150k a month traditionally are debt funded.

Nothing beats doing your own research Confounded and I will do some calculations later but debt is closer to £12m than £10m !!

Finance charges on outlook £10m debt are approaching 140k a month.

On going running costs circa 120k a month.

The raises don't touch the sides and debt is increasing.

Balance sheet is a shocker !!

Just for you Helpful RRR is a world record breaker at issuing equity. 3 billion in eight months whilst we await the RNS.

Speculative a quantum leap assuming we are paying debt. I think the issuing of equity is the accrued interest.

The dilution is eye-watering .

A bet the loan they repaid was the 0.5% a day accrued interest. Additional penalty for late payment is equal warrants.

Bell far from being the genius Helpful suggests has singlehandedly destroyed holders by profligacy and breathtaking financial mismanagement.

I can't believe Helpful is suggesting he has done a lot and is unlucky !!!

He has some rather un christian views re Russia and the immigrant child that died.

Is he Russian Orthadox ?

Pumpky he's totally unreal !! You could not make it up ..

Great post hmmm..thanks for the information. So if the buyer convinces Fidelity Blackrock and Shroders they have 33% of the company.

Complication is they are all sat on mega losses.

Fascinating stuff.