Member Info for Banburyboy

Depends how much hidden debt and warrants AB has accumulated!

Year end just gone and normally publication of the AR&As is the only real transparency shareholders have.

AB knows that and publication will be delayed as much as he can get away with. When he starts to change the year end go for an 18 or 21 month accouting period it's time to worry !!

Easypeasy HBR debt at 31st March 23 was $200m. Really low. Think your info is hugely out of date.

Also company can fund EPL and comfortably support a $400m capital return re dividends and buy backs.

SP is grim but you are wildly out on the fundamentals

Mike yes HBR is a strong company with good returns.

It's market has limited exposure to interest rates or UK inflation issues.

Hard to swallow but lots of patience and keep taking the dividend.

Markets are forward thinking and July CPI will have energy price reductions included and I think a suprise on core inflation. Fingers crossed sentiment will change.

Bladderman you've been saying that for weeks !

Helpful - thanks I meant RRR sell off all or part of its ALR interest.

As you say it would be hugely discounted. Even more so I suspect due to new rules on Lithium export ( but no one has answered what that means to ALR plans / projections) It doesn't sound positive.

The collundrum is he doesn't have the funds to develop it AB will need to sell in a difficult market.

Key is a future promised update on sales and income. I think it will underwhelm. Let's hope not and time will tell.

Balance for a board is good. Its about quality not quantity. The doomsayers have a lot of knowledge but so do Helpful and Speculative. Unfortunately lots of new posters have arrived and bring nothing but drwams and wild statements on undervaluation and DRC being imminent with little or no facts to support. Hawai in the last two days has tabled a bid for Ballarack and Andrew off to DRC to sign. Albeit Hawai is a long time poster.

There seems to be a snagging issue with Zimb mining rules possibly impacting sales of Lithium. This needs clarifying. More worrying this and associated capital gains rule may hit the value of RRR selling the asset on which is how AB normally operates. Hopefully next RNS clarifies.

Maqsood makes a comeback

An investing collosus. Buffet eat your heart out.

Thanks Acconista / Helpful.

Apologies for a simple question but are the new rules a good or bad thing for RRR ?

Will they impact timescales as for instance we were planning to directly sell higher grade ore but now can't and need a local processor to buy ?

Many thanks.

Volume still quite high today allthough board is very quiet.

Slow progress but still think even with EPL the $400m a year to support dividendcand buy backs is nailed on.

In a week we will be below 800m shares which for me is a milestone.

$400m across 800m shares is 50 cents each say 40p. At £2.32 = effective return of 17 -18%.

I know not everyone is a fan of buy backs but I do think this is solid and pretty safe investment.

Thanks Helpful

Even I am giving RRR the benefit of the doubt on Tin Hill. Absolute key to silence the doom mongers is some news on production income or sales. The first RNS and Andrews interviews three weeks back suggested that would happen very soon. The latest RNS seems to draw back significantly on that. Do you anticipate an RNS on production / sales / income this month ? Thanks Banbury.

Posters on POW seem massively underwhelmed by the interview when you posted it on there.

They don't have the cash to purchase our share by the look of the accounts.

To be honest Hawai this is all about Zimbabwe. We have massively hyped the asset and income and have claimed little or no infrastructure or capital needed. That's the prize and anything else is fluff. Information on production and first sales needed from Tin Hill in the next few weeks. I said I thought Zimbabwe sounded promising - Bell and Helpful need to deliver on the hype.

Dv - almost certainly not. The 3rd July RNs says " As work continues to prepare for processing and sale at our first location"

Andrew probably over promised in the first RNS to get the fund raise out.

Don't panic - no company raises shares in either relative terms and absolute terms like RRR.

Andrews love of a raise is enshrined in AIM folk law. He's legendary.

Don't panic " placings are done and dusted".

Einstein like observation there

I think eleven share issues this year so far and more to come its what RRR and AB do and have done for fifteen years.

Liquid - I'm not sure your pal Roland our Nomad would approve - sound like you are playing fast and loose with price sensitive information.

Zumore - quote of the week was from Helpful around they can't say to much positive in case the illegal miners got to know :)

As helpful also reminded us the illegal miners built the access road.

Seriously with a clear lack of security and infrastructure RRR will struggle as they don't have cash. If there is a jewel here it will be hocked or sold for a song like everything else RRR touches. No benefit to shareholders.

We had one yesterday caribo which excited the herd your user name sounds like it attracted you to. Not sure it said very much myself. Andrew will want a rise for fund raise so perhaps some teasers on Elephant oil , drc or Zimbabwe sales. They are his top cards. He's normally naked with no sleeves to have anything up. However as I am constantly reminded that was the past and this might be different ( god he owes everybody that) so good luck with any investment.

Hawai - you've been around long enough to know the bashers ( of which I am one of quite a few) have no interest in investing here. We all have intimate knowledge and a huge dislike of Andrew Bell for previous lies told. You are a better poster than stupid conspiracy theories I'm afraid it really is that simple.

For what it's worth I thought yesterday's RNS was a non event - preparing the site !!!. Maybe as someone said yesterday the NOMAD has got the better of Andrew and has curbed his propensity to be economical with the truth.

Mr Black wants out and he knows more than most . Fund raise must be imminent.

Less than 40k !! Normally daily total is circ 500k.

Any reason or perhaps a mis print and correction coming ?

Details are withheld as we don't want to attract illegal miners !! Says it all