Member Info for Banburyboy

Is it me or have we made no progress positive annoucements for years ? Consider :

- DRC - two and a half years since imminent ?

- Elephant IPO four years in making

- Tin Hill no Chinese buyers and 200 tonnes missing. Judge us by exports.

- POW no update despite completion early June and completion of due diligence on 19th April. As its a share based transaction RRR in no position to proceed IMO.

- Bell promised Littlejohns $1.5m in asset sales nothing so far.

- £4m of debt and escalating finance charges.

- Kenya very quiet

-Record low SP

- Share count 4.1bn

- FASO as predicted hitting delays.

Not being funny but how is RRR in a good place ?

As previously flagged production in June 24 would be real result.

Does seem really ambitious given this is FASO.

- due diligence by 19th April.

- completion 13 weeks from 8th March ( 6th June)

Payment mainly in shares - an absolute impossibility [ unless shareholder approval for 10 bn].

And the board jester punch drunk and on the ropes says we are in a good place .

Helpful you kn*b Page 12.

They have made a material loss for each of the last eight quarters !

Do you even read your links anymore ?

Robins he's more than on the ropes he's punch drunk !!

Was due 19th April to amongst other things validate RRR financial position.

The balance sheet is a shocker, finance charges growing, CLNs due in July, running costs 200k a month and no income or promised £1.5m asset sale.

Company needs DRC, early FASO production or an asset sale urgently.

The only asset I am aware of they could sell quickly is the Soma gold royalty its worth $3m.

Sell now for $1.5m and avoid dilution more debt whilst we await the other events is an obvious solution.

I guess there's allways Barry Spec but I suspect Helpful made that up to.

Lithium and 200 tonnes is the real red flag on how this company operates. I suspect the plan is it will be forgotten !

They did similer on Greenland sale and then got there just deserts as it reappears as a cost ten years later !! Presumably we were done for remediation costs ? We should be safe on Tin Hill as we did not have any activity.

They don't agree RRR is in a good place.

Don't tell me shorters or M&Ms playing games.

It doesn't take Einstein to work out the SP is reacting to a potential fund raise.

If RRR can find another way of raising funds CLNs / asset sale / forward sell Soma gold royalty - the price might fly

Didn't ask for tax rates know them.

Killer questions are :

( 1) terms of gentlemens agreement under which Riverstones are funding FASO

(2) How much of FASO greenstones (RRR subsiduary) do Riverstone Sam's company own.

Helpful works blind anyway with radom numbers but to those off us with financial acumen and understanding this information is key to appraising Billbale.

AIM he's twisted the question.

We know FASO government own 10 or 15% of Greenstones that's the law.

Of the remaining 85 -90% what does Riverstones Sam's company own ?

It's not for Helpful to tell us but for the Company should to RNS it as without that key information any investment analysis of FASO numbers is impossible.

If they've given Riverstone 35% or less that's not bad but I fear more !!

Not normally wrong on RRR.

I smelt a rat on Lithium with the lead word - the first truck has left Harare. Clever use of words and readers assume exports but with RRR check double check and then look under the bonnet is in my opinion best.

Helpful your assessment is massively coming down so variously

- 5000 ounces to RRR soon

- two weeks ago $3.5m to RRR

- now RRR share is $500k -$m.

And you have the audacity to tell us we make things up. Are you on a random number counter !!

It's not your job but the Companies to provide what our equity interest is in Greenstones. Without it no one can make a decision.

If its 50% that's good but the non release of information by RRR allways creates a sinking feeling.

Chances of material production in June - 100 ounces plus = zero.

For a June production deadline to be realistic we would expect a steady stream of deliverable. Kit arriving, visas acquired, housing accomidation started, fully funded for next three months etc.

As I have said from day one this is FASO - delays and officialdom are everywhere.

The asset might look attractive but the difficulty of the jurisdiction is not !!

Slow drip of communication hinting at delay IMO.

This is not a reflection on the company just reality.

News we all wish the prices were 0.51p and 0.45p and 0.5p.

Unfortunately you are s decimal short so it's 0.051p 0.045p and 0.05p.

18 months ago you would have been right but the SP has declined ten fold mainly due to endless dilution.

No one has ever shorted this share IMO.

It's just a disaster in every respect. Complete non delivery on every project and even the NOMAD is dubious of accepting the company's word.

Bring on the new shorting rule. Not before time but academic here.

The problem is Blue air resources - inaccurate statements and photos and news by the company.

What will your next conspiracy for non delivery be ?

Anyway enjoy the dreamers Sunday love in all.

News Monday ?

News luxuriating in the past !!!

Every bullet was the here and now. Did you not understand my reference to Short term ?

This is a dog and you will learn.

Boring boy is an expert and has called this right for years unlike Helpless.

News this will sound harsh but your posts are full of the abstract and theoretical and absolutely devoid of any specific short term ( that word is important) company specifics.

A few to keep you busy

- appaling balance sheet debt £4m. Assets valued at cost not realisable value. Auditors suggesting going concern value lower.

- need to raise cash like now

- POW due diligence due 19th April - no update. Probably due to cash issues.

- 200 tonnes lithium missing in action

- Faso horrible place to do business how much of Greenstones do we own crucial SH information.

- DRC imminent two years plus ago.

- Elephant IPO on a slow burner.

Sorry but you analysis is not company specific and detailed. Lots of red flags above to worry SHs.

Posts on commodity prices and neighbours don't cut the mustard.

News if any of it was worth anything we would have suitors everywhere. Its just hyperbole and rubbish put around by Helpful.

This is a man who predicted 1-5m tonnes from Tin Hill.

Faso in production last month that worked well. 1,100 tonnes throughput PER HOUR ( forget the theoretical capacity of the machine it's not relevant), $300 - $450 pef tonne cost, 5000 ounces net to RRR soon.

It's all dreams and nonsense. He could not hit a dartboard from a foot based on his track record.

Circa 160 dilutions over the company life !

Did I dream it or did Helpful suggest next placing at 0.2p or 0.3p !!!

Helpful no one bet wets they scoff with incredulity at the nonsense you post.

So$4bn claim which we all know is not a settlement and the market values that and all our other assets at £2bn plus £4m short term debt so £6m enterprise value . No one buys it your just a dreamer.

Https://apanews.net/burkina-faso-to-build-gold-reserve/

Helpful says no government stake this says otherwise.

My guess is RRR net ownership is south of 50%.

No sane conversation can be had about FASO in the absence of understanding how much RRR own.

Hi Aimdogs - thanks for asking.

The fact he throws insults and doesn't answer the question tells you all !!

He's clearly backsliding on June as everyone and his wife knows FASO hard to do business.