Member Info for Banburyboy

Bit mouthy [ one of his sayings ] on FASO permits but very quiet for "loose lips " on the 200 tonnes.

As 10% owner of ALR - twenty tons is his :)

Probably the sort of money that falls behind the sofa to our patron.

Yes and for a while "the man with the minus touch"

He's due some luck and good fortune.

Lundy has had two nicknames "loose lips" and " granny mugger".

I've only got one which is Boring boy.

Not me saying it neither HELP its the FASO government and Reuters.

Annoucement was in Feb 24 re new small artesianal permits.

So doesn't impact existing operators just NEW ones.

" As I oftern say Bell could fall in a barrel of nipples and come out sucking his thumb"

Let's hope you assurances are right and we do start production this week swiftly up to $260 as you said.

Holders will be delighted

Hi Helpful.

I qualified at KPMG. Albeit you won't accept that.

I left after two years PQE ( look it up) in the mid 1980s

So I don't represent KPMG.

My comments are as a concerned shareholder and you've not answered my questions re either the Reuters article or permit or 200 tons.

Helpful said production last week of this cash flow net to RRR $260k :)

Robins we spoke yesterday - i wonder if this is part of the issue.

West Africa are massive the one Helpful posted yesterday not small scale. RRR are definately small scale.

Perhaps HELP will expand. Hopefully not caught out by another rule change like Zimbabwe.

https://www.reuters.com/world/africa/burkina-faso-suspends-export-permits-small-scale-gold-production-2024-02-21/#:~:text=Feb%2021%20(Reuters)%20%2D%20Burkina,with%20immediate%20effect%2C%20it%20said.

Very topical Helpful

Its not just posters on this board that have expressed incredulity about RRRs statements about ALR and the 200 tons but also reputable financial journalists.

The following was a fairly brutal review of RRR and regulation in general following photo gate.

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

Circumstantial but all the personal issues you have with the NOMAD have all been since this criticism and they were IMO clearly stung.

More appropriately so were shareholders, the lack of progress on 200 tonnes and the supposed experts raises serious trust issues that the journalist referred to and need addressing to shareholders as soon as possible. The questions raised by blueboy would be a start.

Please don’t insult mine or others on this board by telling me I can read, I’m stupid I get everything wrong. Its wearing a bit thin coming from someone that does actually (and is evidenced as) getting everything wrong.

Hi Robins

I was picking up on Helpfuls post.

I think the licence is the land and the permit permission to operate and export. Part of the permit is putting 10% into local ownership.

There is also a Reuters article suggesting in Feb 24 the Junta suspended the issue of export permits to small scale artisinal miners. Let's hope nothing serious but Helpfuls post implied we were waiting on something. Time will tell.

Nike 45m of 81m went to three directors. So 55% ish.

The terms were pretty good o.o15p.

No problem with workers but Directors ?

I

Maidit

Helpful is implying but not actually saying RRR don't have a permit.

Sorry to burst your bubble but that's bad news not good as it means production is a while away.

Maidit the board paid 0.015p as they got three free shares for every paid one. Bit of a no brainer the only loser is shareholders.

Glad it makes sense to you :)

Spec

That's very harsh!

On 15th November 2023 we had a proper RNS which was entitled. Lithium Update Exports.

The first truck had left for Beira

Andrew said " we are now begining to export Lithium from Zimbabwe and expect this to be a growing part of the company business"

Not long after Helpful started moaning the NOMAD would sign nothing off and we had the pivot to Reach.

A cynic might say the Nomad and Investers had been fooled ! Personally I would rather they sold off the 200 tonnes at a loss rather than issue more shares.

We are well overdue an update on the mercurial 200 tonnes but doubt we will get one.

West African Resources have operated in FASO for decades . So probably a renewal.

Sounds like a bit more than paperwork now Helpful - rather than customs duties VAT and that good stuff as you referred to it.

I'm assuming from your post RRR have not got a permit and that's why your prediction of production last week or this is awry.

Even by your standards the backsliding is extraordinary.

Maidit might have a long wait !!

Help

GALP have proven resouce Bank of America advising and a tag of $2bn.

Elephant is a srubby bit of land no proven resource that we have failed to list on the American IPO market for three years for buttons.

Any link is incidental to the word Namibia.

It reminds me of the boy that cried wolf.

You can only spin a tale of good news and riches so many times and fail.

To be fair the Company has not overblown FASO that's all on Helpful.

- production starting this week $260k a month to RRR

- 5,000 ounces net to RRR soon.

1,100 tonnes per hour throughput.

- $550 per once cost which he has revised down to $300-400.

These numbers are so ridiculous only a fool would beleive them.

Dukey everyone is waiting for the next news.

I think patience has been badly tested and most want out (including the placees)

Even if the news is superb there will.be trust issues [Reach etc Lithium stories ] and I think this will struggle to hold any rise.

It's as if the 200 tonnes never existed :) Helpful and RRR owe shareholders an explanation. Perhaps its been stolen ?

He's here at the crack of dawn ramping and all he draws is outrage and ridicule.

If Mr Bell or anyone from the company is reading just gag him and the noise / ridicule will dissapear.

Pumping early this morning Help

Usual thing about Artisnals / illegals ; they know what they are doing.

We can agree. Unfortunately Mr Bell and RRR don't

Nike point excellently made.

I know it won't resonate with many but I would be delighted for everyone on here if my accountants nose (which I am ridiculed or dis beleived by some on here) is proved completely wrong and RRR SP flys on suburb news.

Yes however Robins someone lent us at least 600k.

We had not a lot in the bank at 31st Dec 23 and managed to.limp through to the share raise at 0.51p in mid April 24. No incomes sources. Who paid the bills in Quarter 1 ?

So that could be Lenigas ?

Debt now over £4m and whoever lent the Q1 money has not secured it on any RRR assets. No charge for RRR or any subsidiaries lodged at CH.

On the face of it excellent news but that story may have longer to run :)

All IMO and DYOR.