Member Info for Banburyboy

Revision to mean !

The high to low variation is around 100% over 40 years . So with average luck shares would double from the 40 year low to a high.

Problem with RRR is any good news will be used as an excuse to issue new shares.

No use the market cap doubling if the share count also doubles. A huge problem for RRR for as long as this board has existed. One hundred and sixty plus fund raises by issuing shares in twenty years !

DYOR .

Helpful No Elephant IPO despite three years of promising.

What's the latest ?

Don't even think we have a planned date.

Helpful

"The government wants us progressing because we are a western company who will pay taxes, they don't want Chinese and Russian operators.

The number of Wagner troops is up this last quarter from 1-3k.

French diplomats are being expelled. Britain has no consular presence. Andrew will be bigging up his Russian sympathies and probably using Sam to front as a non westerner.

RRR as a uk registered company will be done no favours. Also just saying RRR has never paid taxes in twenty years.£30m of accumulated losses and failure.

" this is aimed at illegals and artinsenals "

Illegals by definition would not seek a permit nor would one man bands. Its aimed at small scale ad hoc operations. Just like RRRs original plan.

That's why we have to go big and the change in direction. You must think posters are stupid !

Look forward to the next update :)

Any news on 200 tonnes of Lithium ?

AIM - Helpful only posts what he wants you to know.

No doubt a strong rebuttal will result with him telling me I'm stupid can't read don't understand am a rubbish accountant etc. He accepts no negatives or any doubters.

If I'm honest FASO is speculation I could be right or Helpful could be right but balance is important.

I like to stick to FACTS. I will allways Stick to them and 200 tonnes of Lithium was presented as fact.

Where is now ? When will. we sell it to whom ? Five Chinese buyers was rubbish and I'm not convinced at all on the 200 tonnes story.

I think the Nomad was stung by Lithium publicity and RNS releases and company communication has been far less since ( accepting Reach).

Helpful seems out of step with a more measured approach from the company to communication and his claims are getting more outlandish [ if that was possible !!]

Where will RRR be at Xmas.

1 Many multiples of now per Helpful or

2 0.03p and 6.5bn shares.

Can't see the auditors buying DRC or Elephant being near term cash realising events for three years on the trot.

All in my opinion but read Helpfuls post alongside an alternative view. I mean Alibaba as supplier for a big gold producer it's cringe worthy :)

Https://youtu.be/r6cixQCULdM?si=HVqQQaVL4IA0XdUy

24th March 2024 the military Council increased the minimum FASO government shareholding from 10% to 15% for new licences / permits.

Clearly a lot going on.

Hopefully an update soon.

With respect Nike you are missing my point and the Royalty is 7% because gold price has gone up.

You miss the point as its quite clearly been reported FASO government have stopped issuing

permits [ permits require the 10% transfer] to SMALL alluvial mining production.

RRR is SMALL in every respect. Until three weeks ago our plans were SMALL . Now we are told they are big. How convenient.

Will FASO buy our new big plans ? A cursory look at our bank balance and balance sheet would say no. A costing for four Ali baba machines will hardly cut the mustard.

Sorry Helpfuls pivot from SMALL scale gold production in mid April.24 and $260k a month to RRR to a new approach and LARGE scale production in Oct / Nov doesn't seem normal to me. Its a pivot and a fundamental re write of the approach a slipping of timeline and a quantum increase in delivery risk.

Let's see what next update says.

All millionaies this time next year

200k on Alibaba and we are all made for life :)

Time you were right on something Help

This gets better.

Its absolutely ridiculous posting from helpfull 20kilo gold per day. That's 700 ounces a day nearly 300,000 ounces a year. $750m dollars revenue.

Dodges the question. Reuters and FASO government say no new permits to small miners ( not large ones)

Helpful then teases we are going big 300k ounces a year big !

It's keystone cops stuff. My guess is permit issue - the one where FASO government gets 10% equity share. The company update will reveal more but no chance RRR could scale up to that 20kg level. Helpfuls nose is growing larger by the minute.

Help - have we got a permit ?

If not how long does it take to get one ?

What are the conditions ?

You have previously said we would start small scale production in mid April. What went wrong ?

Presumably no point bring wash plant in if no.permit ?

Hopefully the company will update soon.

Helpful as I have told you many times.

The increase in the price of gold does makes new mining decisions more attractive. So you are right there.

However the concentration will be on QUALITY assets. There is no evidence RRR gold assets pari passu against any relative benchmark are very highly ranked. They are a rag bag awaiting jorc tied up in IPOs or in difficult African jurisdictions.

Holders and future investers are more interested in

- The 200 tonnes of Lithium where is it ? Did it exist. Perhaps we should paint in copper and pass it off as that commodity ? Trust issue.

- DRC imminent. Just the elections ! Trust issue

- Faso production in mid April 24 and $260k a month you promised us. What went wrong. Your credibility shot.

You really are the most ridiculous person.

The only thing happening here is 700m shares issued to raise cash and a GM to allow more authority to issue shares.

I have called the SP decline right for three years. You have been wrong every time.

Also RRR might only get a mining permit by going big !!

Small miners not allowed permits according to FASO government and Reuters.

Helpful has me on filter and never responds. He went out of his way to come on and rubbish me on that Reuters posting. No denial or sugestion I was wrong merely a bland statement

" loads of companies mine in FASO but RRR can't because Boring boys says so"

I did not say that I posted a legitimate article.

Could history be repeating itself ?[ Zimbabwe export ban ]. What do I allways say about Bell and a barrel of nipples !

Wheres the money coming from to go big because we have to as we misunderstood the rules ?

Conjecture only and IMO only but Hapless is all over the place.

He's pivoted from small scale production last week or this with $260k net to RRR to now its go big hence delay so wait for the $10m a month hype.

It's pathetic and doing the company who are saying nothing no favours.

Someone should write to the Board about gagging him. He's a liability

200 tonnes hapless. Does it exist ? What a fiasco

Dogs - anyone serious about investing in this company should really consider your question " does the Lithium really exist ?

Should be pretty easy to provide confirmatory proof/ evidence through the NOMAD and an RNS with next steps. That might get the SP moving and would be great news with Lithium prices rising.

Helpful very quiet and its hardly earth shattering stuff. Not even an angry rebuttal from him on the 200 tonnes . He ignores it. Interesting DYOR.

Zumore I think Lundy going quiet on FASO after three weeks ago saying production last week or this is massively telling.

His post saying they are still issuing permits ( albeit to a big player) indicates to me the issue might be RRR lacks a permit. Why else post that ?

I don't understand the significance but it doesn't sound good and ties into zero news.

Once again loose lips as at worst let the cat out the bag and at best created confusion.

Feels to me he's a real PR liability to the company and its him as much as the company that attracts the negativity.

Maidit when you invested 9 months ago the SP was three times what it is now. Sidelines a good place to be !!

Helpful for the avoidance of doubt Gold could be $4000 and not impact RRR SP in my opinion.

I and no one on here wants it to crash.

We just want RRR to do / deliver something for once.

Yes - Help having to fight his own battles and invest more time posting now News has gone.

A few more neighbours and commodity links is sure to send the SP into over drive.

He needs shut of his placing shares :)

Spec - there is little or no regulation on AIM. Read my post of early yesterday - blue sky resources.

What commodity price cycles have to do with a company on a death spiral dilution, short of cash that has promised a cash crystaling event imminently for three and a half years is beyond me. Helpful is useless.

The company needs to provide an urgent proper update on all of the promised events that are in limbo DRC / Lithium and gold (production this week ! said helpless) . Unless they do that there might not be a company at worse or it will be even more bombed out than now. Contrary to our conspiracy theorist H5O who thinks it represents a good investment at these level. !! He's said that a few times to. For the avoidance of doubt I hold a beer money shareholding in RRR no short positions, have no connections to anyone that has, and I like posting at weekends. I also could be wrong and H5O right but as Zumore says when Helpless is walking back comments re short term it's a worrying sign. All the commodities and neighbours stuff is away with the fairies and at best incedental reading. Friday normally a big day for RRR spikes [ 60% of them] let's see what today brings