Member Info for Banburyboy

RRAL 100% opened by drum roll .....

New Ballarat Gold Corporation.

The one going private.

Lundy what a fool.

Https://www.rrrplc.com/projects-and-investments/gold/red-rock-australasia/

And guess what company holds our Australian Assets shared with POW.

New Ballarat Gold Corporation.

That's what RRR Investor Relations site says !!

The company that has gone private. RRAL is a subsidiary of NBGC

Can't believe you provided such a condescending response, to absolute factual post.

Comments on the six out of seven subsiduarys with winding up orders ?

Gotcha - Vanity boy

Predictable Hapless posting generic data on commodity prices and no view on the worrying company specifics.

Even more predictable a Nike reccomendation in seconds. He loves Hapless.

Never say never Robins. For what it's worth I actually think RRAL is by a country mile the best asset they have.

It's called balance which many posters on here lack.

My bigger picture concerns on RRAL are :

1 - the fact Bell has drowned RRR in debt and finance charges means it would have to be a significant deal £4m plus to end the financial spiral to the bottom.and turn the tanker around.

2 - The fact Bell has not completed the POW aquisition complicates this. Big sums to pay in November and December and RRR lacks the money.

3 - In August 25 RRAL was taken private. [CH evidences that]. I have asked Hapless numerous times what that means to RRR shareholders. For a very mouthy loud man, his silence tells you everything IMO. Supportive [ love that word] lenders otherwise known as loan sharks [ 34% interest on CLNs again from accounts] protecting their loan on RRAL asset ?

Anyway next week all about FASO. Way back on 4th August exclusivity payment received. Will Bell get it over the line or will it be another addition to the unsubstantiated hyperbole list ? This divides opinion but longer it goes on the more bearish it looks.

Gripping stuff

Eight posts at the weekend and it 9.00 Sunday morning.

If I did that you would all be jumping down my throat.

Found that tree in the forest yet Nike ?

Would have to be years.

Well needs drilling and lender threshold met first.

Unlike the recent well at Paradox where we get 50% up front.

My main concern is why the $7.5m funder are not pushing for recovery quicker. Hopefully explained by its a whopper but I [ and I think the market] just want to see more from ZPHR.

Again Hapless.

In what context is it interesting and how is it relevant to RRR.

We can't all be financial geniuses with brains the size of planets. Only you understand this.

When you get a break from the mirror [loving yourself] and your stash of gold good to have a response ?

Some great parodies on the other Board.

Waking up to the time Cote is taking, the Termites and the AGM attendees list.

Mr I can sell 75m what's afoot :)

Six months or so Kemche said

"Nike could walk through a whole forest in search of a tree".

Sounds from the back and forth that Nike is doing what he does best.

Five weeks since all the AGM excitement, and our news rich period.

Fire sale of Limon Royalty £1m. . 200k paid to Soma, 400k in finance charges and running costs in last five weeks [ based on run rate in half year accounts] 200k set aside for POW in November. 200k run rate three weeks until early November.

The debt and finance charges are a death spiral and nothing but DRC arbitration will keep this alive.

Cote at 250k [ which would be a great result] would last three weeks.

£10-12m debt and "supportive" lenders [ I love that phrase by Bell] are strangling the life out of this company.

Pure gamble on DRC arbitration IMO , and that's gone horribly quiet.

By RRR hapless.

Keep up.

Only RRR news was termite samples fast tracked in an RNS of 18th October. They never told us the results ?

Could they be bad ? Or

RRR poor governance. Six out of seven subsiduarys subject to winding up order as an example ?

Quite hard JO and you are just a little bit sunny side up IMO.

Im still of the view $2.5m from $100m is not great.

It could also indicate the new acerage we have just paid for via a placing is not all its cracked up to be. That would be even worse .

Simple answer as ever with ZPHR is we don't know yet but $2.5m from $100m in five months has not got me salivating.

Looks like a constant news flow which is great and let's hope we get a few humdingers soon.

Https://www.lse.co.uk/rns/RRR/west-african-gold-licences-update-67pclmbf3w9mm1v.html

Minimum spend requirements $280k per year over 4 years.

Inherited data Hapless by previous occupants. Not RRR.

Slide 16 and 17 are more interesting.

LAC Gold missed every single one of its targets in the 15 month exploration window.

Let's hope the lack of RRR investment. Minimum requirement was if I recollect 220k per annum does not act as a drag on the sale price ?

Dukey for the me the big debate is will they want us to see the accounts.

Remember last year all the 0.5% interest PER DAY loans and 25% transaction charges. That was just to 30th June 24.

We get another year all the loan terms and CLN conditions to June 25.

If as I suspect they are userous there will be an incentive not to publish.

Interesting times.

So mid October at the end of next week.

9 weeks since the first exclusively payment.

Presumably the data room Hapless referred to on our 68k investment with no drills is taking some working through !

Will Bell get it over the line or is mid October the date chosen for he "couldn't get a deal "and RRR see better opportunities elsewhere.

What we do know with RRR is any hint of a deal and the volumes /SP will start to move.

The problem as ever is identifying which of those is just hype and which is backed up by substance. Its normally the former.

Hapless appreciate your views if it doesn't take you away from the mirror ?

All IMO and DYOR.

Northern - I thought the running cost post production would be funded by the investor from sales. So they get a net.

ZPHR contribution zero. At least I hope so :]

Wary of getting savaged but I was slightly underwhelmed by just $2.5m of cap ex being approved from a fund of $100m. Five months into a six month review. Hopefully a strong tail with more to come.

Yes I'm not known but you are infamous

Most on the circuit refer to you as "loose lips Lundy " . A few call you old big head.

You can't wait to start talking about yourself ,who you are, and how well you are done. King Midas with his gold.

No doubt you are talking to the mirror now.

As I stay Stephen take a bow you are the star of the on- going RRR comedy. Sadly savaged by the critics 0.85p down to 0.035p !!

Agreed best laugh for a while.

Embarrassing lack of class and modesty as well as all his other failings self awareness contrition etc.

What a deeply flawed individual.

Hapless spend some more time looking in the mirror. You are your own greatest admirer.

I've got more money than Yaw - Harry Enfield.

Hapless

Gold taking a breather.

The board is normally much quieter when you take a breather.

Give it a go.

This morning has been good.