Member Info for Banburyboy

It really is desperation that elephant oil has to use its twitter account to advertise drilling by a neighbouring company.

Elephant itself has failed so many IPOs for so many years we've lost count.

So Lundy today has laughably touted our oil and Lithium assets. Gold is getting a rest.

Bell has Bern in FASO a week now and nothing clearly not the easiest place to do business which is blindingly obvious. And Helpful has the audacity to call other posters thick !!!

AImdogs - Stephen Paul Lundy of Bespoke Capital Solutions who posts under the name Helpful is doing this company absolutely no favours.

Perhaps if enough posters reccomend this post the company insiders who may look in occasionally might do something ? Probably not but worth a try ?

Lithium - Helpful wow

We have 200 tonnes be nice to sell it even at a loss to avoid the next fund raise. But I suspect you know about the 200 tonnes. When Bell let the cat out the bag itvwas actually in Harare, you said he was being imprecise. Good to know more.

They only have 700m of headroom authority to issue.

166m of those are parked for the first 250k of POW consideration at O.15p a shot. At that issue price POW will be sat on a paper loss of nearly 200k !! No wonder we have heard nothing further on the deal! Again it reeks of incompetence.

The remaining 500m at 0.035p less costs is £170,000 tops.

This is death spiral territory and he needs a result really soon.

Yes Talkinto.

And the board cheerleaders headed by a supposed investment advisor would say none of it matters as the price of gold is going up. !!! Wow

I was astonished that they think we deramp this yesterday because the price of gold fell.

For the avoidance of doubt the price of gold is irrelevant to a company that produces none, has cashflow issues a rag bag of assets, alarming trust issues, continuing non delivery and a propensity to issue shares like confetti. That's what's important not the price of gold.

Helpful agreed for once you are right. The gold price is not relevant to RRR and not one post today on it as you and Maidit have stayed at home.

The first person to mention gold price today Helpful is you. Its absolutely not relevant.

What is relevant is 200 tonnes , faso delay DRC and where the funding is coming from.

For once an intelligent debate about what matters not endless irrelevance on neighbours /;commodity prices and macro economic issues irrelevant to RRR.

News fair point.

I tend to post early not late. For me it's an absolute fascination I've never seen a company like this, and the number of posters on this and the other board will tell you I'm not alone.

The 200 tonnes being answered would help, as many feel misled.. Did it ever exist or was it a dream would be a great start.

Friday is RRR day with 65% plus of RNSs Reach and otherwise on a Friday so hopefully progress report tommorrow.

Good luck with all your other stuff and yes election is interesting.

Maidit it's called a proper conversation.

The absence of you news and to a degree helpful means relevant posts. Not commodity prices / neighbours and macro economic theories.

Hi Robins

In the accounts we have to pay $1m to progress the licence its been there for years. The zccounts mentioned we would pay it from DRC proceeds.

Can't remember a day like this for months no News no maidit hardly any helpful and no commodity price links.

Perhaps they finally have RRR fatigue ?

Been trying for fourteen years Speculative.

I've allways concluded relative to the zillions of other prospects it doesn't rank highly.

I know where RRR is concerned my glass is half empty but I had thought ( like news) the Australian prospect was the most viable.

The POW deal I thought was driven by Lenigas and I wondered if it would drive an IPO. Pretty surprised no update on that and wondered if it was RRR SP as the consideration was mostly shares.

"Sadly the grades are not great, the locals think that they should be able to mine artisanally rather than allow some faceless overseas corporation take their only way of feeding the family (they may have a point).

The Government appears to have an, at best, ambivalent attitude (yet another law suit - which the company won but you have to ask what benefit it has brought the shareholders)

And the company made absolutely zero meaningful progress in moving it significantly forward as a project despite years of droning on about it.

The obvious choice is that if it's so good - sell it to a cashed-up gold operator. The fact that this has not happened and appears to be no closer than it was years and years ago, tells you everything you need to know.

BUT.... this lack of progress should not mean that money and effort should not be spent on loads of other projects - Burkina Faso, Lithium, Aussie gold etc.

As I've said many times - this company needs to change leadership and focus - focus on selling off assets, focus on just 1 or two resources (Gold + 1) and focus on fiscal rigour."

Thanks oldnbald.

Most on here have a healthy degree of skepticism, we have an outlandish ramper who is suggesting " meaningful" watered down from "substantial" revenue in June 24.

Looking forward to his response to you :)

Yes Helpful very quiet in terms of specifically bigging up FASO.

Still arguing with anyone he can find about historical stuff but winding it in on FASO

So timeline is

5th April - wash plant in a few days

29th April.grand plan revealed with regular updates promised.

Helpful under pressure about his ridiculous numbers let the cat out the bag re mechanised production needing a licence and mentioned November.

The questions are then

- what is semi mechanical production?

- what are the terms of the MOU and RRR profit share

- why no progress reports or even tweets from Bell after six days.

As I have said previously with a company that tends towards hyperbole [ gold gold every fkin where from our geologist, flying in wash plant in days etc] the silence is really worrying.

Particularly with no asset sales in sight, and a cash shortage and a placing at a new record low in the background. All IMO and DYOR

Six days ago Bell in FASO.

Morning Duke.

Problem is trust after 200 tonnes, imminent DRC, Greenland, five Chinese buyers, faso wash plant flown out after 5th April will it be beleived ?

RRR is the only company I know of that could announce an asset sale and then have to face detailed questions and queries to evidence it as true particularly if a Reach RNS.

Andrew really has himself to blame for that.

Starting the morning on a plus.

Nike in terms of engagement your posts are beautifully crafted, polite respectful , thoughtful yet succinctly get your point across.

Like one hundred years ago when letter writing was an art.

If you don't mind my asking you never told the board if you were a shareholder and for how long ?

News certainly due on FASO and POW deal - let's hope AB can pull a few rabbits out of his hat.

Thanks Nike and credit where its due for digging that one out. Hope the recovery is going well ? Be careful this board can be addictive !!!

The board bull*hiter on full throttle today !

More rubbish on 4 -10 million ounces of gold to add to :

ALR 1-5m tonnes of pruction

FASO - 1200 tonnes per hour throughput, 5,000 ounces to RRR soon and costs $300 to $450 an ounce.

It's criminal he's allowed to come out with this rubbish.

Helpful seems very rattled.

He needs to peddle harder and harder to attract newcomers.

Unfortunately for him the "herd" that followed RRR in times gone by are long gone.

Two stragglers News and Maidit missed the bus and the informed who call out the risks and address balance are growing.

Lundy incredibly quiet on FASO in past week or so. No hyperbole or bravado. He knows incoming news on delay IMO.