Member Info for Banburyboy

Mikey to be clear more than £4m net in stone cold cash remitted to UK.

Nothing short of that or a swap of arbitration for some other project in DRC.

This is RRR and nothing and I mean nothing is straightforward.

Mikey and you to with your pots of money.

Nothing against investers.

And you or I won't change the outcome.

Mikey £9.6m debt and £2.5m to get Kenya off the ground is hardly scrapping a barrel.

Get Helpful off here and we will quieten down.

Remember mid November 24. Still on target for FASO gold production.. No update. You've been here long enough to know it's unlikely a pick has hit the ground.

This is a binary bet on DRC. Bell needs it desperately and what do desperate men do ?

Like Dukey if it happens brilliant and I wish you well. But I genuinely hand on heart think it's not as certain as suggested.

Orslega - you know RRR is cash strapped. None of the other rainbow chasers on here do. So its for them.

Helpful - all of your bullets on here are why you should not be posting. You may not think you are an Insider but dozens on here think you are. Dozens on here also think you co-odinate pump and dumps.

The Trolls as you call us are here because of you.Nothing else.

Do us a favour and quit posting.

Yes JBCo - but just be careful !!

The accounts reveal for the first time £1.35m of desperate loans all acquired since the 31st December 23 half year report. Details below from accounts in italics

Six month cost of this borrowing = 282.5k (arrangement fees composite 21%) + interest of 297K (182k on just 200K of the loan ). Total = 579.5K (composite APR = 85.8%)

This has caused the Trade and Other Creditors plus long and short term loans less cash of £4.00m on 30th June 23 and £4.393m on 31st December 23 (half year report) to spiral in the first six months to 30th June 24 to £6.593m. (£2.2m growth in first six months of 2024 )

That dead end poster known as H5O said we were exaggerating the debt for 31st December 24 when we said £7.4m

Just like the chancellor that Helpful thinks I am. This Rachel can today predict RRR group closing debt at 31st December 2024 is not £7.4m but £9.6m.

And with APR equivalent of 85.8% it does not take a genius to deduce we need DRC quick. And even if we get DRC the legacy has been squandered, and fund raises will be needed

Accounts

“· Over the course of the year £1,050,000 was drawn on an existing loan facility with a high-net-worth investor. The facility attracts interest at 20% per annum and carries a 20% redemption fee and has been recognised in current borrowings.

· During the year a loan from a high net worth investor of £50,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 30% and has been recognised in current borrowings.

· During the year a loan from a high-net-worth investor of £150,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 25% and has been recognised in current borrowings.

· During the year a loan from a high-net worth investor of £100,000 remained drawn, carrying interest at 20% per annum if unpaid at redemption date and carries a 20% redemption fee and has been recognised in current borrowings.”

Kenya - $2.5m due before any development can take place

The following Notes to the accounts indicate (1) the licence has expired (2) £2.8m would need to be paid before the asset was saleable (756k recognised in loans)

Please do your own research but that is my understanding from the accounts data below

“We note that the licenses PL 2018-0202 and PL 2018-0203 held by Mid Migori Mining Company Ltd in respect of the Migori gold project, with capitalised exploration assets of £12.9m as at 30 June 2024, expired in August 2023. Relevant renewals have been submitted and this process remains ongoing. The Directors have confirmed they do not have any reason to believe the renewals will not be forthcoming”

“Under a 2018 agreement with MMM partner Kansai Mining Corporation Ltd, in the event of a renewal or reissue of licenses, covering the relevant assets, the Company had within three months to make further payment of US$2.5 million (£2.028 million) to Kansai Mining Corporation Ltd. For further details of the payments see note 26.”

“A $925,000 loan note (£756,000), recognised in non-current borrowings, remains payable to Kansai Ltd, which would complete the acquisition of the Mid Migori Gold project. Payment of this loan has been mutually agreed with Kansai to be delayed until the pending Democratic Republic of Congo legal claim has been resolved.”

Helpful back to base to report progress. He's probably telling Belly his reputation means they can't get it up.

The reality is its Helpful is more of a drag than anything else. If Helpful quit. I would.

Your sells coming now Bobat. Just delayed as large.

No shortage but each to his own.

Maidit remind us - you brought in at 0.15p on all the Lithium nonsense in the second half of 2023.

Helpful was telling us it was worth hundreds of millions [ he was a 10% holder] . Bell set up a task force. Five Chinese buyers lined up.

What happened ?

Final accouts published mid Dec 24. RRR Director and Chairman decided the asset had no value and fully impaired it.

You really are chasing rainbows.

I've got you Helpful - and you know it.

It's about you being an Insider - nothing more or less.

Let's hope your optimism on the billions RRR gets from Glencore holds up :).

Yes Pumpky - a placing to sort. Bills to pay CLNs expired 570k - 18th November [ Stephano remind me you are a HNW CLN holder] . Balance of POW due Monday 20th January including settling liabilities.

Remember Bell recently agreed to reduce PoWs warrents 166m of them from 0.25p to 0.04p [ six fold reduction). One hell of a sweetener. Then again he's paying interest at 0.5% a day [ and just for you Nike on TWO loans one with a 25% arrangement fee and the other with a 30%].

Never mind - It's all done and dusted money next Wednesday all the company problems solved !!

He does really really really really really need a result. Just maybe he's wishing it over the line.

I am a shareholder for many years and take a keen interest.

Not about losses Stephano.

As with other posters my issue is you posting.

It's a disgrace.

Your should hang your head in shame ? How much as a company insider have you lost posters over the years ?

Remind me ?

Tell your admiring public about Greenland Stephano.

Bell sold the asset iron ore for $15m. Share price spiked. Bell filled his boots. Bell announced completion. Money was subsequently lost in the Cypriot banking system. SP collapsed.

Completely true sequence of events. It was all c**k and bull.

Here we are today - Company desperate for cash. Let's hope the optimism Mr Bell has is rooted in fact. It actually happens and cash is remitted.

This is RRR - unexpected delay next Wednesday ?

Placing just in case? Can't get the money but got this instead ? Far more likely IMO

Gloating over my and others loss in Greenland deserved that Stephano.

Helpful - busy pumping.

Tell this board about you many conflicts with RRR as an Investment Advisor ?

- CLN holder in your own right ?

- Advisor to major SHs

- Mate of Belly as you call him.

- Admits to loaning the company money [ but you missed out on 0.5% a day].

- tried with a mate to buy charge on company assets.

- Major interest in Elephant.

- You and mates own part of FASO and part of ALR.

Seven years of an Insider relentlessly ramping here. SP down 95%.

Why are you posting ?

Many beleive nefariously to get a placing away.

The reason that there are so many negative posters is you Stephano.

Major PIs will be loving this sell at 0.52p and buy back at 0.035p on the placing.

Good days work Helpful.

Bobat - Helpful know us as the pub group.

Derampers is wrong .

Let's stick with individuals who know a lot more about RRR than you.

Loving it Helpful

You are rattled.

A total humiliation is ramping this for seven years and its down from 1p to 0.05p.

I have been right.

But you don't care your only role is to push the P&Ds for the benefit of you and your HNW clients.

Good luck Dukey.

I wany you back and prompto.

Don't want Helpful having free reign to mislead.

Care to tell this Board your association with the Company Helpful or should I say Stephen ?

It's because of you and that association so many of us are here.