Member Info for Banburyboy

Spec - talk of suspension is fear mongering ? I disagree.

If your basic belief is the company is run by the few for the few which mine and many others is - its a potential logical step.

The company structure is opeque. Inter company loans, charges, mystery Bells, Riversfort , lots of CLNs huge amounts of warrants.

Asset prioritisation in restructuring favours the few.

If you can't raise money on AIM what's the point. The regulatory costs from a previous company which withdrew was $250k a year.

Bell will be sick and tired of the noise on here as he has demonstrated by appearing yesterday. My key point is suspension is no bad thing for the "few" and the rationale for it could be provided by the annual accounts. Lots in there will be new and create untold noise and possibly a going concern qualification.

Bell does not need this. Its harder and harder to raise money on AIM and convince people to invest. A quieter life could be to lapse into suspension and take stock.

Completely in my own opinion of course and publication of the accounts by 31st Dec would declare my theory absolutely redundant.

I will not keep repeating this but it is a logical evidenced and reasonable theory.

I like you and if you don't mind me saying you've gone from a healthy but skeptical invester to a true beleiver. Hope it works.

HSO - on a lighter note the video was very funny and well made. Thanks to.

H5O no one is paid. As Andrew says lots of names he recognises from 3 to 5 years ago.

You may be sick to death but it's a cohort of aggrieved former shareholders rather than anyone paid.

Sorry to dissapoint - just filter posters you don't want to engage with is probably best.

Glad you realised it Spec. Helpful kept it quite and alluded to it being our Lithium.

The stockpile is actually ours IMO and others would not have an issue with that being the exported product.

I take his statement as we have brought stuff from other mines and there is no action on our mine or the quality is not good enough.

Perhaps he should tell us th le breakdown unless it's commercial in confidence, which it's not.

Bet you've never seen a board like this where the CEO pops up !!

As I've said previously the auditors received assurances in the June 22 accounts that 2023 would be a going concern due to DRC receipts, elephant asset sales and if necessary Directors not taking wages. None of these have happened.

Similer conversations will be taking place now for the June 23 accounts. I'm not sure the auditors will buy the same line and might qualify on going concern.

Not the end of the world but not good for a company low on confidence.

By law the accounts have to be published by 31st December if not technically they are suspended. The accounts will also reveal any debt or arrangements not in official RNSs.

Suspension is terrible for shareholders and normally ends with zero value to shareholders.

31st December is an important milestone for the company to get over. Some great people invested in this and I hope that hurdle is cleared, DRC or an asset sale should ensure that.

So MasterRSI

I brought in 135000 at 3.17 average. I have a lot less at an average of 5.8. I'm into fundamentals and this wont go bust so limited downside . But it's also treding water re curtailed CAP ex and very slow reduction in net debt. Good recovery play.

Does your chart tell you anything about tommorrow ?

Your sentiment on Nicname was bang on the money

On reflection all that happened today was AB revealed we were not exporting Lithium we had mined. This was completely new to all posters and poses reasonable questions around are we producing at Tin Hill or not. That's what most believed.

We won't find out as we are told that's commercial in confidence. I get costs and sales could be but volumes are not.

My view is they don't really have a plan or any milestones ( Spec there was a time you were keen on those) and are really more in a test and learn mode.

Clearly they have no funding so as Liquid says need DRC or an asset sale. For me little or no chance for liquid it's just round the corner.

You paid your money and takes your choice.

Bets on pre Christmas close for bashers and cheerleaders alike ?

I am going for 0.0925. Any other takers ?

Liquid

The last CLN was on good terms ?

6% up front interest

10% broker fee

Convertible at 15% discount to next placing.

Given SP now that's likely to be .12p maximum lacing. convertible at .0102p.

So the 210k raised has cost 10% of the share capital of the company or shareholders equity. To add insult to injury they have free warrants at 0.18p

Good terms for the CLN holder not RRR.

We need an invester with deep pockets like Atlatic Lithium $50m up front plus 50% carry on next $180m. That's good terms.

The CLN holder are unnamed but will I suspect be Riversfort. The accounts will reveal.

Hi Andrew

I think the biggest problem you have re bulletin boards is Stephen Lundy. It is morally wrong he as a 10% holder in ALR and a CLN holder in RRR posts. By any definition he is an insider and conflicted and should not post. News should come via RNS or any medium you see fit but not through Stepen Lundy.

A recent example is you have not communicated RRR holds 47% of ALR. You words were more vague. Stephen let the cat out of the bag.

Nobody on here are paid posters disgruntled ex shareholders yes but most of the noise you are not liking is driven by an insider who should not be posting.

Route I to actually having a better board is to gag Lundy. Do that and I think you will be amazed by the change in sentiment.

I would respond to him but he has me on filter.

Can somone ask him what I need to apologise for and repost the offending post. Nothing I have posted has ever been removed .Factual and thoughtful albeit informed by many years of exper iance on how RRR and AB operate.

I am the consumate professional unlike Stephen Lundy. He knew all the time all was not what it seemed but led people on anyway. As I have said for a year, an insider like Lundy should not post. Had he taken that advice the traffic on this Board would be a lot less and Andrew would not need to pop in now. The person to blame is Stephen Lundy (Helpful) and AB could do worse than stopping him posting.

We have been over the Gary Carp issue at least three times. Bell was right to chuck the book at him. Had I crossed any line my posts quite rightly thwy should have been removed and not once have they been. Stephen I hope you get the irony but DYOR and IMO

Three duke I actually feel sorry for Bell but

- he brought all this on himself. The hype was ridiculous it was all underhand and his record has caught up with him

- the company has good assets but needs a new CEO he should resign.

- If he does not resign he should not take his pay.

If he did the later i would cut down the rhetoric but he needs to understand what he is doing to shareholders.

"A shipment of unsampled ore where the agent paid shipping only is not to be sniffed at.

Actual rocks are in transit to a test buyer as we speak, which may or may not lead to more real orders, and which may or may not lead to mining operations, if we can source capital.

With the stockpile now cleared the guards can be demobalised and the hive of activity at the mine site (guards playing tiddlywinks) can be wound down for the festive period.

RRR has now delivered on ALR as it said it would do proving the doubters wrong yet again"

Nicname dont be a toss**. He's called the turn here twice and he's a trader not an investor.

What insight do you bring ? Bet your really miffed he's so right this time poor call by you Nicname.

These guys have deliberately kept from SHs in all communications that we were not producing our own lithium to export but someone elses

When we met the five Chinese buyers we couldn't even get a deal as the export hub for the whole off Zimbabwe as we are now told we are. This is all Walter Mitty fantasy stuff. But ten out of ten for drama and excitement RRR just never stops surprising.

Guys - this is dynamite.

Hopefully others get whilst we are so skeptical on DRC

Bet Helpful and Bell are hammer and tongs ...

So this morning we were all accused of being paid de rampers.

I said most posters had a problem with AB and his loose and misleading statements. We were not paid.

And bingo he's actually exporting someone else's material.

Bell is there no end to the comedy value.

Helpful will as a 10% ALR holder know this.

Typical Bell - so it's not our stockpile but brought material . The spectre of candy crush and Greenland repeats itself.

The guy has some neck.

Judge us by our exports lol

Market not buying it H5O

Bell has embellished things to many times in the past and the proximity to share issue of the give away.

Richy to be fair you are one of the few posters on here (Robins the other) who are invested and have balance.

Bell makes my blood boil and I admit some bias but my posts are allways evidenced based. Liquid and Spec are OK. But Maidit is you are right a complete idiot.

Maidit and Liquid no one is paid on here. Yes many ex shareholders and very bitter about Andrew Bell.

Time and again he pulls the same trick. The playbook here is perfect AB vague news and smoke and mirrors just before a GM and a share issue.

There is non so blind as those that can't see but all he's done is move a stockpile. Any other day it would not be news but its what he does.

Looking forward to 200m shares being traded and the breakout and the multiple good news RNS. In your dreams