Member Info for Banburyboy

Nike - I don't see any connection between existence and physical security.

All the ask is for an update it exists and what the plans are.

A large amount of holders in here lost money on the Lithium hyperbole and are owed an update. Saying Beira or Harare is hardly a security risk.

Nike - confirming the Lithium actually exists and there was 200 tonnes would be a seriously smart company move.

Many posters including the financial press have real doubts.

There on in is the Trust issue the company has.

Put us straight on Lithium 200 tonnes ? Even Helpful whose known for his loose lips has no comment on the 200 tonnes.

We actually don't know Truck 1 existed.

You may remember Mr Bell told stock box it was all in Harare but Helpful explained it as him talking impresisely.

All the zealots on here bang on about history not being relevant but the sorry tale of Lithium is not even over a year old and tells you everything about trust. Five Chinese buyers task force etc.

IMO it's because of Tin Hill that FASO gets no traction however hard the company try.

You can only cry wolf so many times

Talk

I've never been convinced the 200 tonnes existed time will tell.

They got caught with their pants down on the photos and i think that was when trust finally went.

The NOMAD took his bat and ball home and that's when Helpful started moaning that the problems were NOMAD related.

This article was by a reputable financial journalist on that issue

https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess

Ouch new record low of 19.3m at 0.045 !!!

Helpful called this well.

No money to pay wages ? Sam has us over a barrel.

All in my opinion and DYOR.

Looking really promising.

This could be absolutely anything.

Really exciting

0.049p

Helpful says lots of news coming.

Having followed RRR like a hawk for five years my observation is.

Any proper price changing News will be leaked to the privileged few. They will then fill their boots and sell into the rise. Yes some of the placing guys but also people like Lundy.

When they have got in first news will then be released to those of less superior intellect.

Heavy trading in advance of any good news is unfortunately a characteristic of how RRR operates and has been for years.

Let's see if this is any different.

0.047p sale.

Helpful was right not taking the placing.

Per Lithium prices - we once had 200 tonnes. Its missing in action. That's why the Nomad won't sign off IMO. Its called Trust

Agreed AIM.

For somone who thinks RRR has never been in a better place he should be filling his boots.

His presence on this board does the company no favours. He's a real drag on the company but too thick skinned to see it.

Inly news will be non delivery / delays or share issues.

Nomad won't touch this as they are less than truthfull. First Exports of Lithium exhibit one. So it's Reach rubbish.

Endless neighbours posts and links to commodity prices from Lundy all neither use nor ornament.

Next placing he says will be at 0.2p or o.3p.

Sorry to disapoint there's 700m shares left in the bank and it will be 0.05p or lower.

Even fantastic news won't move this. The truth / trust issue is so great not helped by the Lithium 200 tonnes and own goals on wash plants and uncertainty on FASO governance. Sam just gives us the money !!!!

We agree Helpful.

Excellent post Zumore.

Helpful is as bent as a ten Bob note and if posters on here can't see it that's their loss.

News two corrections

2 - Not sure what you looked at in CH filing. ALR last accounts were 31st July 23. £71,909 net liabilities.

4 - RRR Australia we await progress on the aquisition on new ballarat and the supposed IPO. Due diligence according to the proper RNS was due to be completed on 19th April. This was to confirm RRRs funding position inter alia. I'm not sure RRR has sufficient access to near term capital to proceed with this. Hence no news

But never mind bags full of money will appear in June 24 when we sell all that FASO gold that Helpful talks about. Just like he said with Lithium that went well !!!

To late but a proper strategy as Talkinto and Spec have said numerous times would be to hunker down conserve cash and await DRC.

We did not do that.

Ask yourself why. Answer because DRC is by no means certain so we chase a rainbow on FASO.

All IMO but let's see.

News

Because of Helpful Stepen Paul Lundy it is nothing more or less. The same can be said of others who posts

You know what we have against him.

As long as he posts I'm afraid the Board will be like this

News your posts are boarding on the ridiculous.

None of us have any solutions moving forward. I have said for five years this is a rag bag steptoes yard collection of assets. Our CEO has an impressive track record of failure as evidenced by the SP. He spins far too many plates and lurches from one disaster to another.

Could I do any better - No. I would not want to.

To be clear i'm not offering solutions just warnings so no more unsuspecting investers fall the nonsense that Helpful posts and the rather misguided confidence of Andrew.

The failure list is endless. I note you are quiet on Lithium 200 tones which was just IMO made up and tells you everything.

FASO has got huge geo political risks, a relationship with Sam we don't understand ( Bell said he just gives us money !!!)

They are unlikely to be producing by June. If they announce anything by June it will be shrouded in nuance not signed off by Nomad confusion on net and gross and massively unclear.

This is RRR and how they are. Sorry if you don't like it but it's the way it is.

News RRR has lost 99.5% of it value since instigation.

The median is a ten fold reduction. We have lost 200 fold. So twenty times worst than the median.

The stats don't lie and you overlook a 25 to 1 share consolidation in 2015.

Zumore myself have demonstrated that many times. Robins wishes he was only down 90% and so do many others.

You won't accept any of this so be it.

I will continue to post.and let's see

- $350 -$500 costs per ounce

- 1,100 tonnes per hour throughput

- 5,000 ounces net to RRR soon

- $3.5m net to RRR per month from June. My estimate based on RRRs figures $0.5m a month and that would be brilliant.

The sad reality with RRR is

- delays will hit FASO. June is ridiculous

- no action elsewhere.

- POW will fall through ( no bad thing) as we fail April 19th due diligence.

- further fund raises.

- CLNs due to repaid in July 24 a tipping point.

- we find out how much of FASO greenstones we have given to Sam and it won't be nice.

- no news on the ridiculous 200 tonnes of Lithium

We won't agree and we can come back to is right and wrong at the end of June.

Enjoy the sun Banbury.

-

Duke - maidit and news have made up there minds.

Just making sure no one else is fooled by his rubbish.

Objective posters make up there own mind. After all it is RRRs own base case :)

Helpfuls 61 ounces is very much a BEST case in RRRs model. It assumes maximum wash plants and 6 tonnes of throughput.

RRRs own base case has anything from worst case 11.6 ounces to best case 46.3 ounces. RRR base case not mine.

An objective invester would take the mid point 29 ounces per day.

An objective investor would then realise FASO government own 15% and highly likely Riverstone at least 35% either as their share or the compan or a royalty.

So net to RRR 14 ounces a day. There base case.

Very generous cost estimates gives a profit of $1,200 an ounce or $17k a month. Again being kind

All of a sudden Helpfuls $3.3m a month is now only $500k net to RRR.

Still excellent and will push the SP significantly higher but its a horrendous place to do business and no means guaranteed to hit June target.

I suggest anyone wanting a fair investment appraisal listens to the Board chartered accountant not the resident Del Boy.

He's hopeless not Helpful

- RRR reposted the presentation to there site in April.as well as February.

- it's a model not a forecast. He can't chose different numbers to suit his argument.

That's why MrThicko - I have chosen the best case scenario for RRR. Anything less would be materially more than 180 wash plants.

It's RRRs model not mine .

He's rowing back on 1,100 tonnes as it complete rubbish and he knows it.