Member Info for Banburyboy

Love it.

So I'm not a shorter now but I allegedly work for enermies of RRR in DRC.

Seriously you could not make this stuff up.

What's this term only used in the DRC that I'm supposed to have used ?

I have News on filter.

Good luck with your enquiries.

AIM - I've no doubt we will make progress big questions around production, profitability and the profit share arrangement between Riverstone and RRR.

Let's see what happens but as ever here the hyperbole exceeds reality.

To be fair to RRR and Andrew they are more measured in statements than usual its just Helpful that needs reigning in. Interesting few months.

Certain sounds more promising than the 200 tones Lithium fiasco ( Helpful 1 - 5 million tonnes :))

" In economics you produce until marginal costs = marginal revenue"

Proper mining companies consider metrics like alternative cost of capital, net present value, internal rate of return. All of these risk weighted as FASO has an unstable political and security situation. I'm afraid you need to go back to school with marginal revenue and costs.

I can see you are back peddling on the $550 nonsense. "What does it matter if the costs are $550 or $800m. Cries Helpful realising he's been caught out yet again.

It matters principally as you particularly are an insider and have a duty of care to others on here to use probably considered comments. Fortunately there are many on here to call you out.

" Seondly there is no cost of finance as Sam the man owns the kit"

SAM won't be stupid and will be recovering the cost of his kit from the gentlemans agreement he has with RRR . He's not a charity.

Also current effective rate of FASO taxes -is 45% corporation tax 27.5%, 10% mandatory ownership 7% royalty at these gold prices 1% community.

On its own that's more than the $550¡production cost quoted by Helpful.

It needs properly costed numbers like West African Resouces not Helpful throwing out numbers he likes to ramp this share.

So far :

1 - Our Faso operation will be processing 1,100 tonnes an hour !!! He's been called out by numerous posters. Its a ridiculous statement.

2 - We will soon be producing 5,000 ounces net to RRR. Sounds like a judge us by our exports promise.

3 - The all in cost is likely to be less than $550 per ounce. Lets consider that last Pinocchio :)

One of the largest producers in FASO is West African Resources.

There KiaKa prospect is huge but similar to us in terms of open cast but monsterous in terms of scale. Pulled straight from their presentation.

Slide 12 - tax 27.5% Govt participation 10% equity, 5-7% royalty 1% community fund. 42-44% take.

Slide 13 - All in costs of production $1,052. They will have a huge advantage in terms of mechanisation / economies of scale compared to RRR.

But Helpful would have us believe our all in costs are less than $550.

Some of his ramping as an insider is really brazen. DYOR but its here in black and white.

I'm no Petroleum or gold expert but what i specialise in is calling out and highlighting Helpless bulls*it.

Enjoy the weekend all

https://wcsecure.weblink.com.au/pdf/WAF/02786344.pdf

Don't need to be a Petroleum expert. Rather long suffering holders actually judge you / RRR by results.

Merely notice that I think RRR swapped its Ltd share for Corp shares I think in May 21.

An IPO we were told was in the next few months summer 2021.

Very much in mould of DRC massively over promised and undelivered. Three years later we are further away than in May 21.

Don't need to be a Petroleum expert just have a modicum of common sense.

Any more ridiculous FASO numbers this morning ?

So lowest production costs in the world are circa $1000.

RRR of course might be lower than $550 !!

Very busy last night.

The theory expoused by H5O is anyone posting this much relentlessly on a minnow like this must have an agenda. Perhaps he's paid ?

HSO you are right it did surge more but more like 20 fold ( not 40) off the back of the commodity cycle in 2006. Yes I was there. BUT it only had 100m shares.

With a 15 to 1 consolidation Bell has burnt through 100 billion shares and accumulated £27m of accounting losses. His brief period in the sun started and ended in 2006. Since then nothing at all.

We now have 3.7bn shares. Warrants and a POW agreement for billion more. So probably 6bn shares. It will never see 0.2p again too diluted

Just a few cautionary points

Burkino Faso has

- 7% royalty tax on gold

- mandatory government ownership of 10%

- 17.5% corporate tax

- uncertain rules against mandated use of a new government refinery

- strict uk rules about remittances [ its on the additional measures list]

- is a seriously dangerous place to do business.

Im here to counteract Lundy posting nonsense about Burkino Faso after the rubbish he posted on ALR.

We should make around $1,800 an ounce. That makes the all in cost $529.33

Wow that makes RRR by some margin (sort of $500) the chepest gold producer in the world, and these are guys with economies of scale.

More Hyperbole from Helfpful a sniff of five Chinese byers and 1 - 5 million Tonnes from Tin Hill.

Its rubbish and comedy gold.

https://www.kitco.com/news/article/2023-12-22/worlds-lowest-cost-gold-producers-q3-2023-report

Zumore he does RRR more damage then any of the bashers. What rational person would invest with ridiculous numbers like that being banded around.

To be honest I don't know about me having to legal up but any PI investing on reading that and knowing Lundy owned 10% of ALR would have an interesting case.

Helpful your numbers are a bit more modest than the 1,100 tonnes an hour you indicated a number of times last week. Your not much good are you.

Let's do the maths - you are now down to 50 tonnes a day being processed !!

2 grammes per tonne = 100 grammes - slightly less than 4 ounces a day. Two ounces net to RRR

You said (and everybody will witness this) 5,000 ounces soon ! At that rate it stetches to decades.

Your numbers on throughput and productiob are now are more realistic but a gross margin we should make $1800 per ounce is a ridiculous statement.

How can one person make so many simple mistakes ?

You are absolutely full of s*it just like you were on Tin Hill [ worth tens of millions lol]

Richy the conspiracy theories on here are one directional The likes of me you and twenty five others are in cahoots with the 'spivs ' (H50 words).

Thats so wrong . We all have reasons to be here - burnt previously, sick of lies failure delay, and contempt for Lundy.

News appears out of the blue and you have summed it up brilliantly to drown us out.

Could I be so bold as to speculate he is paid ? He is mates with RRR insiders.

Speculative - You could allways use the filter button for News. Many on here do.

Yes Helpful the exact equivalent of me and many other posters pointing out to you Helpful [ Stephen Paul Lundy] that what you are saying isn't quiet true as in nowhere near the truth.

I'm closing my many shorts just before close H50.

You are so very wise.

For the avoidance of doubt it's called irony.

Spec - bit of a catch 22. RRR has serious form on clever wording of releases saying more than reality - first exports !!. Unless it's in a proper RNS it's not taken seriously. Reach is ridiculed.

I think the real problem with FASO if it's a success is how much of production / sales is RRRs ?

No clearly defined statement on share.

Riverstone are clearly funding this and they won't do it for nothing. Could be the first year's production is there's we just don't know.

RRR declare it with limited explanations , wevall assume its ours and get a fund raise off the back of it.

Pure conjecture on my part but RRR have allways been slippery on RNS so not beneath them [ as its you Spec nothing illegal in any of it just the way of AIM shares)

Uncle Albert very busy today.

Del Boy has come out fighting and Rodney is preparing for travels to sunnier climates.

Foreign Office advice is don't do it. !!

News - some great posts on ADVFN. You and your style of posting is trending right now. Worth a peek ?

Dukey - I wish them luck to. To be fair the company has not ridiculously ramped FASO. Helpful has. He's a certainty to have egg on his face and allready has [ 1,100 tonnes an hour and 5,000 ounces net to RRR ].

Numbers will be far more modest but for a company that's achieved zero modest is progress.