Member Info for Banburyboy

Helpful said the ALR numbers were huge six months ago.

He is all enthusiasm little real world perspective.

And he says we all cannot read.

He's so blinkered I'm surprised he can !!

Dogs you are right.

Helpful would say imprecise

The doubters might suggest he has inadvertently let the cat depart the bag.

We will never know but it supports my prognosis the governance is pretty poor.

Imprecise - seems to feature significantly in RRR land.

The dictionary definition of " imminent" . When is an export an export ! When are photos our assets and when are they not. When are CH filings up to date and when are they not. Why does the company still list Jupiter dividends as a key current success on its website when it was five years ago.

Nothing in here slanderous or libelous just observations and frustrations from many a year. Yes imprecise is the word.

Let's hope the market has now fully digested the Bukino Faso announcement and the SP responds accordingly.

Morning Duke - as you have a direct line to Helpful and he's awake could you ask him about the 15th November exports RNS and Bell telling stockbox all 200 tonnes were still in Zimbabwe ? Was Bell mistaken ? Thanks Banbury

If all the 200 tonnes are in Zimbabwe then the 15th Nov RNS Lithium updates Exports has to be questioned for accuracy.

The problem RRR has is the Lithium tale was so over cooked and DRC " imminent" so stretched there is little or no confidence it can get anything over the line.

That's why the SP does not move not conspiracy theories on shorters and market manipulation.

Ita as simple as the companies and Mr Bells record is extremely poor and the SP responds accordingly.

Spec - you will remember I was querying trucks 2 to 7 a lot on this board . What's the inference from that statement on Truck 1 it went across and came back ?

Why buy Lithium from someone else to store it for months. I confess to being puzzled.

Just my own personal view but wheeling out the war in the East for the first time indicates to me DRC is not as close as Mr Bell led us to beleive in both the annual report and Reach RNS. He is the external optimist. He wrote two versions of the Annual Report as it was within touching distance in mid December !!

No placing is good news but burn is high with new costs to be added. My guess is loan financing.

Let's hope the millions roll in from BF so the 1.5bn share authority is not needed and any loan financing paid off

News you seriously need a chill pill.

News take a chill pill. That's like a Donald Trump all capitals rant.

All the board wants is a realistic statement re DRC and Lithium.

I'm on record as being very skeptical on both for a long time.

All Bell needs to do is deliver. DRC was so close he says we had two versions of the accounts!!!! or let us judge him as he asked by 200 tonnes of exports.

Do either of those and it will take the wind right out of the doubters sails

Bell promised on both DRC and Lithium time for him to deliver not move elsewhere.

News

Given

1 - the company has done 150 plus placings in its 20 year life

2 - Sort and got authority at the recent AGM

3 - No sign of news on DRC

Company will be short of cash. I speculate it will be another placing or a secured loan. I probably being a betting man suspect the latter.

Personally I'm amazed Mr Bell thinks today's news will move the market. Only DRC will do that.

Resident eh.

Either placing or we have hocked the asset charge to Riverstone after settling with Prime Resources.

What's happened to DRC.

Bell is doing the exact opposite of what he told investors he would do in the annual report if no DRC or Lithium.

SP reaction says it all.

Helpful the market is adding zero for this . $50m !!@

You have never been remotely right before and you won't be here.

The ramping by you is pitiful.

Six months ago Lundy was putting similer number out there for ALR. Worth tens of millions he said.

Worst Investment Advisor in the world with a track record of poor projections.

It's why Bell came on here to say the charge with Prime Resources has been satisfied.

We won't know about a new one until they lodge the details at companies House. Let hope they do that in a timely fashion and the gap between the date on the charge and the filing is not too long :)

I suspect for the now borrowing on the strength of an asset charge rather that a share issue but we can't complain. I'm guessing major holders wanted too much of a discount on placing.

Be good to get promised updates on DRC and Lithium before we forget then:)

H5O he said in Chairman's statement no DRC and no Lithium he would instigate cost saving measures and asset sales. That was three months ago and this is the exact opposite of that. Let's hope there is a lot more.

Lest we not forget our resident investment advisor said after tipping RRR All the way down from 1p to 0.07p over five years.

" RRR is in a good place "

And he's an Investment Advisor.

Yet we are trolls. I think his filter needs adjustment !!

Conclusion

"We expect to generate cash from sales of assets and from court and arbitration awards over the next few months.

However, we are now in a position to start selling product, initially from Zimbabwe lithium, and a key task is to ensure that this item increases during the current year of account to the point where our sales and profits expectations provide tangible support for our value.

If proceeds are not received from the DRC arbitration early in the New Year then the Company will implement some

combination of cost reduction, joint venture or farm ins, asset disposals, and financing, in order to focus on those activities that can lead to early cash flow"

The only measure they will implement is to start another costly plate spinning or a share raise.

Shocking - and i will be told no doubt to lawyer up :)

Neighbouring plots doing well kimi !

Lundy bashes PREM more than we bash this.

Up 25% today and probably a lot more soon. Not a recommendation from me - just advising Helpful to hang up his boots and others to steer clear of his advice.

Yes pumpy no news from Barry but on the plus side no fund raise. The big PIs probably pushing for 0.06p which will keep us going three months to the next GM authority to raise.

Says the man who has hyped this for five years relentlessly. It could ten bag and Helpful [ the crap investment advisor] would have still lost people who take note a fortune.