Member Info for Banburyboy

Spec The debtor has not converted yet.

They might want to but RRR don't have the headroom and need an AGM to approve it [ that's in the AGM]

The 2bn plus issues Friday prioritised cash. 250k In the first RNS Friday 0.0215p and 200k in the second RNS at 0.025p.

No messing around with the AGM this year like last . Bell will be fast out the traps seeking I reckon 5 billion new shares.

Lots need to happen for a profit to RRR on housing . Funding, transaction, delivery of units [ huge logistics], factory installation, logistics of raw material input, land purchase, construction and housing sale.

Any suggestion this will contribute to RRR profit by year end 30th June 26 is in my opinion fanciful.

Holders don't learn - Lithium, Bilbale nonsense, likely soon to be Boulon nonsense.

Supportive lenders wants shares to protect themselves from the company going pear shapped IMO.

The key words are added to and remain drawn.

So one key HNWI now has at least £2m of company debt. Who ?

Bell is carrying over loans like the 150k at 0.5% interest a day with 25% repayment fee. So its been outstanding for at least a year and most likely to the Soma receipt. Cost of that loan 150k loan in interest 325k (minimum) redemption charge 37k.

That tells you all you need to know about financial management at RRR. Uses pay day loan rates meant for a few days for 15 months. Breathtaking.

Helpful as allways ignores it.

2025 Accounts

Over the course of the year £976,551 was DRAWN ON an existing loan facility with a high-net-worth investor. The facility attracts interest at 20% per annum and carries a 20% redemption fee and has been recognised in current borrowings;

· During the year a loan from a high-net worth investor of £10,000 remained drawn, carrying interest at 0.5% per day and carries a 25% redemption fee and has been recognised in current borrowings;

· During the year a loan from a high-net-worth investor of £150,000 REMAINDED DRAWN, carrying interest of 0.5% per day and a repayment bonus of 25% and has been recognised in current borrowings;

· During the year a loan from a high-net worth investor of £100,000 remained drawn, carrying interest at 20% per annum if unpaid at redemption date and carries a 20% redemption fee and has been recognised in current borrowings;

· During the year a loan from a high-net worth investor of £50,000 remained drawn, carrying interest at 12% per annum and carries a 10% redemption fee and has been recognised in current borrowings;

· During the year a loan from a high-net worth investor of £20,000 remained drawn, carrying interest at 12% per annum and carries a 10% redemption fee and has been recognised in current borrowings;

2024 Accounts

Over the course of the year £1,050,000 was drawn on an existing loan facility with a high-net-worth investor. The facility attracts interest at 20% per annum and carries a 20% redemption fee and has been recognised in current borrowings.

-During the year a loan from a high net worth investor of £50,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 30% and has been recognised in current borrowings.

· During the year a loan from a high-net-worth investor of £150,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 25% and has been recognised in current borrowings.

· During the year a loan from a high-net worth investor of £100,000 remained drawn, carrying interest at 20% per annum if unpaid at redemption date and carries a 20% redemption fee and has been recognised in current borrowings.

Pointless post Hapless you absolute clown.

Boulon is going the same way as Bilbale.

No mapping update - not sure how that leads to imminent production. But in RRR world we just make things up.

Great pivot from the pack of lies you told about Bilbale Hapless.

You now tell more lies about Boulon.

As an insider you should be a lot more careful.

So Helpful they are now three months late with the mapping at Boulon (was going to take two months) 5 months has nearly elapsed since the 5th August RNS.

The licence is also due for renewal in H1 2026 and the auditors point out the minimum spend requirement. (cash RRR dont have)

Out of an caution the Directors (as instructed i guess by the Auditors) have impaired the Boulon licence at 143k (its in the accounts old boy)

Answer your Santa Surprise - likely more impairment, and Auditors quite rightly unconvinced by FASO. You really are a clown.

Time you read the accounts old boy instead of making up stuff blind. !! Fantastic stuff about loans and CLNs in those accounts. So your CLN tranche are in dispute over T&Cs and the other CLNs have been withdrawn. Looks like the company takes note of a certain Banbury boy and his fact finding , and so they should. More on that later clown boy.

Hapless for the second quarter of 2024 you were suggesting FASO production and you were suggesting 5,000 ounces net to RRR. No one else.

Sobering to think POG is at record highs and RRR write off its flagship asset.

Comments on Bilbale Hapless.

Remember the one you said 5,000 ounces net to RRR, $450 all in costs and 1,200 tonnes and hour throughput.

And before you wriggle the first two figures were not in the RRR presentatiion.

They were yours.

Fully impaired just like ALR.

See EO fair value reduced by 402k. That hits your own holding.

Oh dear oh dear

Agreed Ivan s

If the directors abandon interest in the licence renewal it triggers a £12.9m impairment.

Its purely the fear of that that means they presented they have plans IMO but DYOR.

The auditors are right to give it prominent attention.

Dukey plenty to come on the accounts. Here's a taster

Who remembers BILBALE ?

A reminder its in Burkina Faso. RRR had a camp there, 200 Indians, machinery shipped in from SA and flown in by plane. Mike and Sam we began the year with an MoU. We had Helpful saying 5,000 ounces net to RRR, $450 operating costs, 1,200 tonnes throughput an hour. He said production in May 24 then July than August.

RRR put out an RNS in October 24 stating production at Bilbale by 31st Dec 24. RRR put out another RNS in November repeating production by 31st March 24

His chairman’s statement bigs up the POG now at a record high, yet these accounts wait for the drum roll.............

Confirm the Bilbale licence (the one with all the hyperbole in 2024) was not renewed and ALL COSTS ASSOCIATED WITH BILBALE HAVE BEEN IMPAIRED

Gold prices reach a record high and RRR is busy impairing its gold assets.

In terms of the FCA complaint the BILBALE comments are as bad as the Lithium IMO.

Ivans thats an easy one.

They dont have the licence it expired in August 23 !!!!, and have failed to mee the minimum spend commitment. Something Helpful repeatedly denies. Legally anyone interested could just by pass RRR and make an offer direct to the Kenyan government. I think its worthless but Auditors accept management representations. Small matter they owe Migori a couple of million $ contingent on licence renewal payable from DRC !!

Extract from todays accounts

"The Group holds exploration and evaluation assets in respect of the Migori gold project in Kenya totalling £12.9 million, the recoverability of which is fundamentally dependent on the successful renewal of the underlying exploration licences, PL 2018-0202 and PL 2018-0203, held by Mid Migori Mining Company Ltd. The licences expired in August 2023 and remain subject to an ongoing renewal process with the relevant authorities. Relevant renewals have been submitted and this process remains ongoing. The Directors have confirmed they do not have any reason to believe the renewals will not be forthcoming and the circumstances surrounding this matter are described in Note 1.5 to the Financial Statements. As at the year end, the carrying value of these assets is significant to the Financial Statements and their recoverability involves a high degree of judgement.

Management's assessment of recoverability is based on a number of factors, including the status of the licence renewal applications, the geological prospectivity of the licence areas, prevailing gold prices, and the expectation that the licences will be successfully renewed. The renewal process is inherently subject to regulatory and administrative uncertainty, and without successful renewal the Group would not retain the rights necessary to continue exploration activities, which would have a material impact on the recoverability of the related assets.

We also note that certain licences have minimum spend requirements and the ability to meet these over the course of the licence terms will depend on availability of funding as mentioned in Note 1.2. Should these not be met in the future, this could result in impairment to the related assets."

Dukey agreed.

The three things in my complaint.

1 - Claimed to have brought 200 tonnes of Lithium and made first export in RNS in Nov 23. No evidence they ever brought or exported Lithium. Bells comments that its in storage and if its not he will sue are unacceptable for a company CEO whose job is to safeguard company assets.

2 - Claims in October 24 re-iterated in November 24 that they would produce gold in FASO and COTE by 31st December 24 were ridiculously aspirational.. No evidence they ever had kit on site and No site activity in COTE. That RNS was unlikely supported by any evidence.

3 - Company taking loans at userous rates and converting nearly £5m of loans to CLNs. No notification to holders of who the lenders were when the CLN was offered , what their existing shareholding is and the terms and conditions attached to the CLNs. The amounts of debt given CLN status was material and nearly twice the entire company's market capitalisation. Absolutely this should have been in an RNS to shareholders.

Others I know share these concerns.

The RRR "pivot" .

Let's buy us time whilst spinning the Arbitration as imminent.

Nov 23 - Lithium Yarn.

2024 - The Faso yarn. 200 Indians ships sailing with machinery. Production in Cote and Faso by 31st Dec 24.

Early 2025 - meeting the president yarn

Late 2025 - the housing yarn.

Something of a pattern emerging.

Licking his wounds and embarrassed.

I must admit he's so thick skinned, arrogant conceited and lacking self awareness I fully expect him to pop up and tell everyone "RRR is in a good place".

I assume Bell has flown back and no news on housing , arbitration or the mines with sentries.

That's all for the new year.

?

Indeed Laura.

It was acquired allegedly in November 23.

Bells last comment when challenged by Dukey was

" it's in storage and if its not we will sue".

Pretty obvious to me it never existed. Lots of falsehoods on here but that's the one that can stick as they have never adequately explained where it is or why it does not appear in either ALR or RRRs accounts.

All IMO and DYOR

Https://find-and-update.company-information.service.gov.uk/company/14231987/filing-history

Dissolved and struck off by companies house 16th December 2025

Hapless and two mates own 30%.

That means the 200 tonnes of Lithium belong to the Chancellor. Oh dear.

But we all know they never had 200 tonnes.

What a suitable epitaph.

ALR - RIP.

RRR - on life support.

Quite a lot of sizable buys after the first RNS dropped Friday Dukey.

Some of the beleivers on here thinking the fall was over done averaging down ?

Bell really put the boot in with the second RNS.

As ever with RRR either incompetent or sharp practices .

The totality of the news should have been in a single RNS.

Are you suggesting Dogs he will say he sold the lot just before Fridays RNS ?

The most comical water mitty on here is called Liquid Silver. He has traded this all the way down from the Lithium nonsense at 0.20p and claims to have made a profit !!

The only profit to be made at RRR is by "supportive" [ love that word] lenders.

Good news is Helpful is out of favour and not one of the favoured few. I'm hoping his CLN is secondary to others and he falls towards the back in the administration queue.

Dicko me and any others will of course be last in that queue

From Andrew Bell, the team and of course most importantly " supportive" shareholders and loanees.

The writing was on the wall in the interim accounts when in the final note to the accounts £5m of loans surupticiously became CLNs with no communication on T&C,.

I did red flag it at the time and we now know £200k of debt = 800m shares and that's without no doubt extra warrents. What's £5m ?

I guess Orslaga Dicko and Mikey Nike Liquid can escape with some sort of return if they sell.

Accounts will be a horror show but at least the truth will be evidenced.

I'm expecting a big sell off into a quite market Monday and Tuesday.

IMO and DYOR.

No slithering Investment Advisor this morning.

His post about only raising 250k and about DAL being nailed on for completion by 31st December are comedy gold.

I would also love to hear from Brave Mark and HSO as they have made some pretty horrible comments to well intended and evidenced warnings not to touch this with a ten foot pole.

I can't bear to take him off filter.

Has he found the tree in the forest ?

Or at last has he seen the company and Helpful for the ponzi and fraud they are.

Or is he in the trenchs in the forest fighting until the end ?

28% increase in shares in a single day for 450k cash [ two months running costs]

38% increase when we add 800m debt conversion for £450k.

POW - £450k due March.

It's over.

Light out game set and match lenders.

IMO and DYOR.

Hapless will be slithering :)