Member Info for Banburyboy

Maid it three time capitalisation as its in dollars. We'll done but please get your facts right. Looking most promising for holders.

Indeed Robins looks like I will be proved very wrong.Just surprised how muted the SP reaction is. That RNS is far bigger than Lenigas IMO.

News I am indeed a Chartered Accountant but probably not a good one. In particular i am lost by your posts completely they are not like anything else I've ever seen are you sure you are not a robot :)

If you are right that this share will get a boost from David Lenigas its not before time. Hope for long suffering holders you are right. Good luck with your investment to.

NEWS sorry it may just be me but you seem to communicate in statico riddles.

The RNS from Friday contains nothing of substance at all. Welcome to RRR !

Talk into i don't know if it's his address or not.

I just thought it unusual after the fairly acidic exchange on the security / charge to move the companies registered address from the group address to a private one. No doubt there will be a reason.

In the words of Lewis Carroll!!

Our CEO was on here two weeks ago telling us RRR had no security with Prime resources Limited it had been satisfied. this new information is still not reflected on CH website and i'm interested in if there is a new charge replacing it.

RRR coal which is the subsiduary RRR has used to solicit loans (Documented by Zumore and in the accounts). There correspondence address was moved to a very expensive (according to house price websites) private address on 8th December 2023. Seems a really unusual move to make. Anyone know whose address it is ?

https://find-and-update.company-information.service.gov.uk/company/11857467/filing-history

His and Lenigas appearance does not seemed to have sparked much interest.

I suspect all are awaiting the AGM and news on DRC instead.

At 30th June 22 they had £420m in cash. They now have net cash of £80m and a lot more shares.

Simplistic but Tailwind has dragged a good company down and these results evidence that.

The breakdown of cost and income by oil and gas will be eye opening.

Strangely the appointment of Lenigas seems to have changed sentiment.

Unfortunately there is not much he can do about :

- progressing DRC

- seeing through the mess that is 200 tonnes

- incoming 1.5 bn of shares.

New investors might make some money but as I've said many times Zero chance of making 0.2p ever again ( I doubt it will every make 0.15p)

As horse analogies are topical.

The horse has bolted despite numerous opportunities to bolt the stable door for head trainer Mr Bell. He's now realised after 18 years he's not very good and sought help. IMO and DYOR.

Lenigas when we began 2023 at 1p would be a good appointment. A year later when we are 0.07p is not good enough. Why does AB never admit failure and fall on his sword ?

Flightman he's out of authority for more issues but has asked for 1.5bn at AGM on Friday 16th Feb. Which he will no doubt get.

News welcome to the Board. You have a rather disconnected style of posting where points of importance get lost in a myriad of words. I had thought you were some AI bot. Please don't take offence :)

Headline numbers but

1. A high percentage of the asset base (80% plus ) is Kenya gold. Despite multiple threats to develop over 15 and gold cycles nothing has happened. The poster Helpful is Stephen Paul Lundy - he and his mates own a share of our subsidiaries and CLNs he was also an advisor to Mr Topham our main shareholder. The fact Helpful has pivoted to Burkino Faso and Cote de Ivory gold means IMO nothing to see in Kenya and the asset base.

2. Debt - circa £1.5m CLNs, £1m to Kansai £1m. other, also an unusual arrangement in RRR Coal with potential £1.5m of debt held through a subsidiary.

3. Cash burn 200k a month nearly half finance charges of sorts due to poor financing deals arranged by Mr Bell.

4. A mecurial security over the assets of the company currently with Prime Resources Ltd Gib. But an angry Mr Bell appeared on this Board two weeks ago to say its satisfied. No update on CH yet.

This company and long suffering shareholders definitely need DRC or an asset sale or asset backed loan. What they do not need is more dilution.

Interesting to see what bang for the bucks we get on the consultancy fee from DL

Agreed Spec - what's the rush you ask ?

DRC a long way off, Lithium a disaster. He's flailing clutching at every straw including DL.

Conjecture on my part but avid watcher of a things AB. Hope for you I'm wrong

Spec - that's the most skeptical I have seen you on DRC.

I remember you once said you thought AB was the right man here as he was a lawyer , knew Africa and did a good job in Kenya.

Have I got that right ? What did he do in Kenya ?

Kurt - as Zumore posted David said of Andrew.

" Two faced liar he is" and "His uneducated comments are disgraceful"

They are the most unlikely and unbelievable of bed fellows. For me it's desperation from AB as he's totally lost his ability to enthuse an SP spike on rumour

A clear indication DRC is not near completion despite it being imminent 2 years ago ( AB would never let DL enter his victory party).

The one that fascinates me is Lithium, I'm increasing skeptical on the 200 tonnes as talkinto says the RNS are super vague even for RRR. It actually suits the company not to have the 200 tonnes ( price has collapsed and storage costs ) but how do they square the PR circle on that. If they have the Lithium its going to be a big cash loss leader.

Still waiting for the security ( prime resources limited) that Andrew clearly said was satisfied to be confirmed at CH. My suspicion again is its changed hands. Fascinating to find out to who.

What I think is nailed on is no income events and 1.5bn of new shares over the next three - four months.

All IMO and do your own research but I think my tea leaves have a lot more balance than "RRR is on really good position" which our man Helpful is saying ( the same helpful who has forgotten about Lithium)

If DRC happens and anything over $2.5m is received I will cease posting on this thread permanently Today made it a certainty IMO

Good luck guys.

Fascinated by the 200 tonnes and how they keep the "theatre " going.

No paperwork on CH about Prime Resources satisfying the charge as indicated by Andrew Wonder where it is now DL linked company maybe ?. Can't remember who said "run by the few for the few." But it would be nice to have a timely CH update.

"What is new is DL beleives the money will be forthcoming". !!

Has he said that ?

Bell said days he said after the election.

At what point do you begin to have doubts Spec ? Easter ?

I have had doubts for 20 months.

DL would not be here if DRC was due or even likely IMO.

Look forward to being proved wrong.

Robins I beleive DL is here to change the mood as DRC is dead.

Why would AB share his moment in the sun he's waited 19 years for. Why let DL in the action ?

Deflect and detract know your company.

Time will tell.

Its Dead. It was the one chance for Andrew to put two fingers up to his doubters and snatch victory from the jaws of defeat.

No way he would share that victory lap with anyone. Let alone this guy.

DRC dead, Lithium a disaster , Elephant the less said.

Lenigrass last throw of the dice. In some ways he could succeed .11p is 50% gain on his watch.

But for Bell and long term shareholders it's a disaster.

His feet should be held to the fire over imminent two years ago, we were offered half, all ready but for election, matter of days. Just like Lithium DRC will just slip away from updates.

Bell is the most readable CEO in the book.

He has nothing IMO. This is the last throw of the dice.

DRC is dead, Lithium is all facing saving placing imminent. IMO.

The hope is a new front man can do better. I'm sure he can but assets with potential and no realistic prospect of funding without huge dilution. Bells broken the company.

Richy six months ago Helpful told us RRR was worth millions and a month away from major production lol. See Zumore post from him yesterday Now it's 200 tonnes of somone else's Lithium stranded racking up costs

Nothing like a 10% holder in ALR misinfoming investors.

His form on this share is shocking.

15th November RNS was entitled

"Lithium Update Exports""

"The company has 200 tones of Lithium ore prepared for export and the first truck has now left Harare for the Mozambican port of Beira"

We had pictures to evidence this just in case some of the many doubters on this board were to question it

So 200 tonnes it is 😀

Lithium prices down 25% in the last quarter storage security etc. Now no shipment until after the Chinese New year if then !!

This must be generating a huge cash loss and mean in the absence of DRC a share raise soon after the AGM is imminent ( in the true sense of the words)

Perfectly reasonable and searching question based on the facts presented by the company. Hopefully no need to lawyer up as a fair challenge.