Member Info for Banburyboy

H5O - I could not have put that better myself. Of course the insiders will buy on news.

Including one on this board !

Everything coming to a head !!

Https://find-and-update.company-information.service.gov.uk/company/08622777/filing-history

Subsidiarys are on Page 70 of ZEPHYRs accounts.

The main owned one is Rose Petroleum. Link

You can see the loan and $2m interest receivable and payable. They then hold a direct interest in Rose USA.

All as clear as mud.

But yes a very expensive back office team !!

Dukey - blue is completely right. Bell is protected.

Helpful is in a more precarious position.

The information we have that Helpful has provided , evidences he has multiple inside interests. He should not be posting. I have asked him numerous times to speak to his solicitor and avoid posting. He has refused. That cavalier attitude will not resonate well.

A carefully crafted letter on concerns to

- his solicitor [ he's told us name address and company]

- Bell

- Topham [ his once and still. client] and the other major PIs

- RRR company Secretary

- Elephant Oil - re conflicts.

- Financial press the Charles guy who did Blue Air Resources Article on Lithium. And guerilla investor

- The Nomad

- Others

Most on here including some positive posters would sign up. What he does is wrong.

It's free relatively easy and I'm pretty sure he will be advised to stand down posting by others even if unwilling himself. He will have a face like a slapped ar*e

For me that would be a real result and worth a lot of time spent on here. I will craft a dummy letter but would good to drum up support.

If you have an interest in signing / supporting. Respond with your posting name.

Good luck genuine holders for a result following Bell leaving DRC.

Agree Robins.

What most amazes me is the poster H50.

He is absolutely convinced all the bashers on here are paid.

Crikey it would be costing a fortune the time we all spend as

Some people H5O [ top of the pile] don't understand the social or common good.

Our reasons are all benevolent and altruistic.

We are all here as what Helpful is doing, given his insider perspective is wrong.

Nothing more, nothing less. Maybe as more join us he really will hang up his boots.

Robins snap.

Even the analysts can't keep a straight face with Bell. Imagine if they knew the tall tales of Lithium.

It really is the best soap opera ever and I keep wanting to hide behind the sofa.

Year after year we wait for news and it never comes.

Last December Bell drafted two versions of his Chairmans statement to the Annual report. One with DRC in one without. It was that close he needed to do it . His words.

One year passes.

I reckon the same again for 2024 annual report. Only five weeks now or suspension if they are not issued.

They might get away with non filing on NBGC but RRR PLC is a different matter .

I must admit Legohead seemed like he was struggling to keep a straight face and keep his composure.

There's only so many times Bell can cry wolf.

It really is amazing stuff.

Maidit jinx continues. Ten percent down. Maidit you need to join Helpful on his retirement.

Nice evening all.

Great post Spec.

To briefly add Helpfuls " disingenuous" nature as you describe it has numerous posters outraged and bashing the company.

One day SPL will realise he is a drag on the company a major problem and hang up his boots.

Maidit jinx continues. Eleven from eleven wrong calls !!

On the plus side Helpful has a far worse record.

17m sell at close Maidit.

Nothing to do with Nomads or market makers . No one beleives the nonsense of your beloved Helpful !!

Production in FASO in next two days and DRC cash sorely needed :)

Maidit kiss of death !! 0.07p close yesterday !!

That's his tenth wrong call out of ten.

Blue by close for the 11th !!

Boys jinxed or a fool.

Let's see at close.

Let's see Helpful production RNS either tommorrow or Friday?

You have confirmed it won't be the kilo you mentioned.

Your adoring public await and hang on your every word.

This will be a real wheez !!

Zumores post is about Faso Helpful.

It's excellent 14.00

Worth unblocking as the contradictions between Bells FASO interview and what you are posting are huge

Worth a peek.

As Bell says clearly small scale production not cash generative which is why he's going big in June.

Helpful says the opposite?

I'm a confused Banbury :) What's a shareholder supposed to beleive ?

Zumore your 14.00 post is class.

Helpful has you on filter as you run rings round him.

Bell can't have it both ways on FASO ! Small scale not profitable then it is.

I would love to hear Helpfuls considered response to your 14.00 post !!!

Helpful which Billings is that ? Rob ? I thought Mike was on the beach ?

DGs !! In the UK this is normally SCS 2 and above and we have circa 400 of them - so not much up the pecking order.

Bell was suggesting not so long ago he was going to the head of states office Traore himself. Not like him to hyperbole !!!. Looks like RRRs slid down a very long snake in terms of progress and are starting again. Oh dear !!

The mining code changed in June 24. I posted and warned about it. As ever you brushed off my expertise. Good to see you are taking notice.

Let's hope Rob or is it Mike can navigate the new code today to produce gold by Friday !!

It's nonsense and sadly you know it.

Orslega others might disagree but I have absolutely no doubt he is putting a huge effort into this and fair play.

I do wonder if he is far too optimistic and I don't think the continued commentary and hyperbole does him or RRR much good. He's left himself no fall back or wriggle room, and the must watch Stockbox was poor ( even Helpful said ) other than he sounded confident.

My beef is far more with Helpful. What he is doing is plain wrong.

So many more sticks to beat him with.

Loving this RNS - it will be the weakest Reach ever if it comes this week as promised.

Come on Helpful you've been threatening production for six months. Pull your finger out.

Maidit Bells visited DRC numerous times.

You said twice now he won't leave without the money. This makes three.

Looks like a long stay is on the cards.

He might want to reconsider getting a Congelese girlfriend !!

I have Nike on filter - but Kemche tells me he is crying about the assets and misunderstanding as usual.

So, here’s a thing.

The balance sheet value of the asset is determined by the area of interest approach. Note from accounts below explaining more.

This means the assets are shown at cost unless MR BELL says otherwise.

Come on Nike this would be turkeys voting for Xmas.

The assets have all been for sale for over a year with no takers not a sniff which tells you all you need to know. They are not worth much

"The Group adopts the “area of interest” method of accounting, whereby all exploration and development costs, relating to an area of interest, are capitalised and carried forward until abandoned. In the event that an area of interest is abandoned, or if the Directors consider the expenditure to be of no value, accumulated exploration costs are written off in the financial year in which the decision is made. All expenditure incurred prior to approval of an application is expensed with the exception of refundable rent, which is raised as a receivable".

Looks like Bell will come back empty handed IMO.

The pivot from due legal process to presidents, TV appearances, other opportunities has left many wide eyed.

Feels like the old adage if it's too good to be true it normally is !

The last published accounts were 31st Dec 23

RRR had :

82k of cash

£4.475m of debt comprising

734k long term borrowing.

2039k short term borrowing

1702 of trade creditors

We have had eight share issues in 2024 for 1.859 bn shares these have raised £808k (six were to repay debts totalling 348k and two 460k were cash)

RRR burn was £1.532m in the six months accounts to 31st December 2023.

Eleven months equivalent would be £2.626m

Due to FASO, I think we can safely add 500k so £3.1m of new debt.

30th November 2024 Debt

Carried forward £4.4m (net of cash)

Fund raises / loan repayments - £0.8m

2024 costs / expenditure £3.1m

RRR debt on 30th November £6.7m

A very big part of the explanation on why the share price is where it is.