Member Info for Banburyboy

Love it Hapless.

You read all your ALR posts I reposted for you.

You and a mate owning 30% plus you boasted

Claiming it was worth a fortune and encouraging people to invest.

Oh dear oh dear Mr nailed on Insider.

Mike and pocketed $45m.

I think it's fabulous business.

NS is difficult but changes could happen.

Management are excellent.

Seriously Stephen

You do need help.

One trade all day.

What does that tell you Mr Stupid ?

Arbitration he spend less than 20 seconds and said

" we beleive we got the judgement but need a copy to be handed over to us"

Does that inspire you on the outcome or the process? Does it make you feel confident after 4 years of waiting and false dawns ? All the nonsense on 15th January last year about opening a bank account meeting the president ?

If it inspires you I will upgrade you from Spanner and Clown to Buffoon.

No wonder you skip over the Arbitration in your ridiculously sunny side up summary of the rest of the interview.

Hapless seriously you are desperate.

Your the guy that suggested 5m tonnes per annum from Tin Hill and you would not sell your 10% for £20m.

Do you get off on deliberately misleading investors and getting their hopes up an an interview that was nonsense.

It's what you did not mention in Bells update that matters Arbitration money. Sadly it's probably dead and you know it.

Why do you waste so much time here ?

He also mentioned mapping work at Boulon. Without mentioning it was over two months late.

No mention of Bilbale the one with gold production/ 200 Indians. Shipments from SA.

He mentioned meeting in Kenya in March 26 to renew the license. Dukey probably called that right.

Absolutely nothing of substance.

He did that interview to tick a box. Not because anything had happened or been achieved !!

David 13 minutes 55 seconds of nothingness in my view.

Maybe 20 seconds tops on Arbitration.

" we believe we have the judgement but we need to get a copy of it handed over to us "

I really think the Arbitration is dead.

He immediately then talked about funds hitting the bank. I was assuming Arbitration but it was the housing funds [ the one we were told would hit a month ago]

Very very poor update in my view.

He mentioned our cut on housing was a % of sales price so sounds very very long term to me.

Anyone holding this is super brave in my opinion.

I'm sure Hapless will spin positively but will be seething !

No slithering.

Stevo I know it's a stupid question but just want absolute clarity.

So the tax losses from the acquired asset can only be used on the future profits of the acquired assets ?

After five years they can be used on the wider HBR portfolio.

So the acquired assets likely only pay the windfall element of tax ?

Many thanks

It's comical Dogs.

He's touting 5m tonnes and turning down £20m.

A year later and the whole development is fully impaired.

Yet he belittles us !!!

Spanner and Clown hardly cut it in describing Stephen Hapless.

Anyway - news this week ?

Love the pivot on DAL

Just a taster Hapless.

Anyone investing on your advice Hmm.

What's the phrase - maybe its you who needs to lawyer up ?

Helpful 28th March 2023:

"Zumore, yes it is none of your business and yes I have just over 10%. As I told someone else earlier today, if a bid for $20mil came in for ALR now, I want to turn it down."

.............

Helpful 17th June 2023:

"So people understand, i own 10.262% of ALR and with two mates just over 30% when AB refers to outside investors, it is us.

ALR, lac minerals and FASO were put together with my encouragement and undertaking that we would co-invest. We have a position in FASO too and will likely fund Cote d'ivoire now the first licence has been issued."

................

Helpful 4 Jun 2023:

"And how must did you lose Dukey?

I doubt I will lose anything here. I reckon I will do very well on Elephant, ALR, Burkino Faso and RRR.

The thing with RRR is that it has lots of strands, they cost money and there are too many strands. RRR will exit from the more marginal assets in due course and concentrate on the more important assets. I expect we will hear a lot more on lithium for the rest of this year. ALR on its own is worth a high multiple of RRR's current MC.

DYOR"

.............

Helpful 15 Jul 2023:

"Doing their trolling and just making stuff up.

Any time RRR wants to flip it's 47% in ALR at cost, I am more than happy to take it and flip it on at a multiple. RRR has already said it has signed NDAs in respect of ALR. Why would companies sign NDAs for something that wasn't at least interesiting?

This ridiculous hatred of AB and RRR is obviously driving some of the trolls crazy.

1. All licences have pegmatites at surface

2. All licences have been sampled

3. More licences are on the way

Whichever way you cut it ALR is worth serious money and a multiple of RRR's current MC. The market is wary and just waiting on further information.

Just hold tight trolls and keep the haemorrhid cream handy.

DYOR"

............

Helpful 12 Oct 2023:

"Note meeting the Chinese in Dubai is after they have had the meetings in Zim and finalised their plans. Also note he refers to partners and taskforce RRR, sounds like a lot people involved. Could it be that they have partners for each stage?

Could it be that you are wrong about ALR? Why would Chinese buyers want to meet up about ALR if as you say there is nothing there. Presumably the Chinese buyers wouldn't be interested in meeting up to talk about a few thousand tonnes of spodumene. How much supply would ALR have to indicate to get the meeting in Dubai? 1mil tonnes or more? 5mil tonnes or more?"

Uninvestable 6 Aug 2019 21:17

Mr Magic posted:

"The years of dilution and exhorbitant wastage on expenses should be enough to make anyone give this a very wide berth imo however the more recent appalling behaviours of the BOD here in failing to RNS key transactions and events is the final clincher that makes this totally uninvestable.

Annual Report 2018:

"On 19 July 2018 the Company agreed to subscribe for 35,519 common shares in Amulet Diamond Corporation at a subscription price of USD2.76 per common share. The Company further subscribed to USD401,961 of shareholder loans. These shareholder loans are unsecured,

non-interest bearing and have no fixed maturity or repayment date."

The above was NOT RNS'd at the time, shareholders were left in the dark and only found out 5 months later in the Annual Report "small print". Just appalling imo.

The company has since stated in regards to Amulet that

"a writedown of the carrying value may become necessary. "

Then Bell loaned Steelmin a further £1.1m unsecured and this was also NOT RNS'd .

Steelmin then went into Administration and imo will not recover that money. Again utterly appalling.

Steelmin went into Administration in Feb this year, 5 to 6 months ago and STILL this BOD has not put out any RNS to state this has happened to their venture in which they held 22% .

Also in Feb Charles Topham loaned the company a sum of money creating a charge against the company which was visible on the Companies House website. It has since been satisfied however once again that transaction/loan was NOT RNS'd here.

Investors and punters alike here are simply investing totally blind. You have no idea what loans and transactions are being made behind the scenes. The current liabilities at 31st Dec were a significant £2.7m according to the Half Year report but it's anyone's guess whether that has since risen.

The shameless rampers here constantly mislead with their fantasy "sum of the parts/assets" valuations but as can be seen if the BOD are failing to RNS key parts of that equation then nobody knows what anything is worth.

As stated this is imo totally uninvestable now. The BOD have to be removed otherwise it's going nowhere.

DYOR as always"

AA2020.

I can remember this exact debate when SQZ acquired Tailwind which had big losses.

I think the answer was they are transferable immediately against PRT and Corporation tax but not against windfall tax I think this deal is huge for HBR.

I think others SQZ ENQ have lost out.

I know a UK move will suprise many but a 5% increase in production. £4bn of tax losses all for $100m less than the Indonesia deal the other day.

Looks another fabulous bit of business to me.

Pumpky

It's two years since Bell wrote in the Chairmans statement of the Annual Accounts the arbitration was that close he prepared two versions of the accounts !!!

The Arbitration is dead and the housing deal nonsense.

Just for you Stephen IMO and DYOR.

Hapless the lenders are mysterious as Bell won't tell us who they are.

What we do know is they charge onerous interest rates, have oodles of CLNs and have brought the company to its knees.

You are actually one of them probably in a small way.

They would have secured a charge over the assets and as with everything RRR it will be underhand.

Wait watch listen and learn .

But you actually know I'm right.

Speculative I think you misunderstand.

Let me rephrase.

The expertise in Bells head [ should it have the value Hapless suggests] will be employed by the supportive lenders who in my opinion will take this private

Sadly Helpful if you are right that "goodwill" will be transferred to the new owners when they pull the plug on lending.

DYOR

David M more common sense, understanding and balance in your last two posts than in the Hapless career library of 17,000 posts !

Has arrived.

Normally stuns everyone bulls and bears into silence.