Member Info for Banburyboy

Proceeds from sale would have to exceed $4m for RRR to break even.

Proceeds $3.5m

PoW take off 15% = 500k

Consideration payment to POW $1.5m

Equivalent value of asset to RRR.

On the plus side cash now would ease the short term funding problems.

Wonder if the CLN holders have put in the offer :)

Too much we don't know but not convinced this is good news.

AJAYE - very measured post and appreciate your reasoning.

Read through your history and you have been saying similer for a couple of years now. The SP is down 8 fold !!

Let's hope this is the time it comes good.

Nike my freind.

Normally to own an asset you have to have paid the vendor.

Not difficult.

Let's hope H5O is right and POW makes sure a desperate RRR doesn't sell it on the cheap.

Unusual RNS don't you think ?

Really strange Zumore.

Could be a misprint.

Might get a correction soon.

A certain consultant we employ has an interest in this type of thing.

He knows a distressed company when he sees one and won't be paying over the odds I expect.

Conjecture on my part but our Sunday Creek poster won't be happy. Defeat clutched from the jaws of victory !

1 - CLNs only extended to Nov 24. Indicates lack of confidence.

2 - Warrents for three years at 0.11p. Price OK but ridiculous they are not aligned to the date of the CLN. Presumably Bell was had by the short and curries.

3 - Ironic we are supposedly selling an asset that we don't even own and have not paid for !! Presumably no buyers for the rag bag of super assets we have.

4- No financial or operational update.

Doesn't feel in a good place to me and so predictable.

Mr Magic absolutely spot on.

Bit more than hot air Nike !!

You asked not me for a benchmark re Premier I gave you it. RRR 60 times worse since inception in terms of SP decline.

Historical nothing you could find is positive. Its a car crash.

I will help you as you are struggling

Is it a good investment today ?

Possibly. But that's I'm afraid as it gets.

Please defer from looking at past performance as it insults so many who have lost so much in what has been until now a lifestyle company. And I will say this a ponzi for Helpful and his mates.

Stunned by Nikes most recent post.

Been here a long time and 75% of RRR RNSs are Friday.

I did that calculation a year or so back and more recently its been less evident. But still.should be 70% ish.

Hope springs eternal for tommorrow. Can't wait !!

Helpfuls silence tells you everything. He's down in the dumps.

Nike are you for real trying to compare the 2023 accounts with 2013 which quite clearly had a huge impairment in.

I forgive you the rose tinted specs on this dog [ despite all the evidence], I forgive you suggesting I exaggerate. But seriously your better and smarter than that. That post was unforgivable.

Good post Spec.

You from day one have been saying Bell should hunker down for DRC.

Had he taken that advice we would have a quarter of the shares in issue and IMO SP would be higher.

That's why I asked 18 months ago is DRC dead. Like you I think the scatter gun strategy is none sensical :) Unless he's spinning a dead plate. Visit suggest not but you never know. This is RRR.

They know the score or if they don't they are just plain incompetent.

The delay will be balancing telling us something meaningful whilst continuing to hide all the skeletons and getting the Nomad on board.

IMO the lenders have us over a complete barrel.

Really think the next update will wake up the two gases [ Ne and Ni]. Helpful is quite. He knows :)

He's had his knuckles wrapped Dogs.

No doubt the board police the two Ns will go into overdrive.

Remember all the posts after leg slapping :)

Facts are important it was Barnsley not Doncaster home of Dickie Bird , Parkinson and John Stones !!

Yes was it Doncaster and Scotland selected by the great man himself.

Meanwhile the aircraft could not fly because of VAT in SA. We shipped it [ VAT still applies but hey what do I know im a rusty accountant !) Six to eight weeks sailing as kit is in stock but two people got sick. Never mind we met the Head of State - probably told him how unlucky we are.

Step back and join the dots and its another episode in twenty years of RRR comedy gold :)

Should read Premier which whilst pretty poor has still done 32 times better than RRR.

And yes Helpful it still has that expensive plant to shod for it. RRR have FA

Nike through the gauntlet down on Benchmarkingredients.

He said Premier African Resouces which Lundy the world renowned Investment Advisor thinks is a dog compared to RRR.

But the pub group know otherwise.

So Premier earliest on chart on this site 1.7p Jan 2013. Currently 0.0575p. Reduction in value 30 fold.

RRR earliest on the site Jan 12 price 3.05p current price 0.0475p. Reduction in value 64 fold.

But PREM has had no share consolidation. RRR did a 15:1. So adjusting for that 960 fold Reduction which is the 99.9% oftern quoted.

So Benchmark performance Premier while pretty poor has still done 32 times worse than Premier.

Incredible but that's what Bell has done and the lines of Mr Magic were as true then as now.

Anyone thinking the next update won't have a major sting needs there head examining.

RRR is in a good place lol !

News I love the statement ( and I para phrase) that your posts are long as the posters on this board are a bit stupid, compared to the Yanks.

From our perspective you are a newbe that does not get how ten years plus of false claims and lies by RRR and Helpful make shareholders feel.

Ask yourself why there are so many of us ?

To be fair to you at least you don't think we are all shorters working in a far east sweatshop like that dork H50.

Up 28p in seven weeks Culpepper and approaching twelve month high.

Might becwisful thinking but I think the capital allocation policy could support either [1] an increase in div [2] more buy backs.

Half year results will tell us more but I would prefer the dividend and with interest rates falling hopeful we might hit £1.75 on any hike. Its a long old haul !!

New Mr Magic was a legend. He had Bell and RRR nailed whilst me and you were in short pants.

Lundy used to call him Tragic.

News if the great Mr Magics widow is out to get you I would be fearful. His research made yours look like kids play ( for those long termers that remember).

He tied insider Lundy Helpful in knots it was beautiful to see.

Far better than Nike repeatedly thanking our insider for his contribution. Clue Nike its not a level playing field he knows things about RRR we don't.

Lets hope we see a lot more of Mrs M.