Member Info for Banburyboy

Placing unlikely Hapless at these prices. You know that.

Pot run dry.

All groundwork done for debt to equity swap.

One last attempt to create a spike before accounts due 31st Dec.

In my opinion we won't see accouts as auditors will make them reveal debt and CLN terms which will be embarrassing.

Absolute nonsense.

Poor quality video from a garage basement. Not investable.

Ask yourself if it was that good why are the supportive lenders and Helpful and his chumps not buying in spades ?

Answer complete oversell as allways by Hapless !!

Side splitting stuff.

Meanwhile back in the reality.

- £10-12m of debt.

- 134k finance charges per Month.

- £5m of CLNs.

Utterly and completely uninvestable.

Remember all the rubbish Hapless was spinning in 2021.

Thankfully no one buys it anymore.

Hapless

Your research seems to stop short at the following.

1- Your own record over five years.

2 - the companies inability to deliver.

3- finance charges.

4 - debt

5. CLNs.

I like to fill in the gaps you ignore.

Kenya licence ( dukeys question) and you holding in Elephant [ Dogs question]

Hapless you are a problem for a lot of posters here.

Please just stop posting full stop.

What a waste of your life.

Please Stephen

Just give it a rest.

No one has been more wrong than you on RRR.

Five years ago at 0.85p you were indicating to Robins a multibagger !!

We've pulled out the post for you to see.

That's what you said ? You were completely wrong.

Over two years ago I said I would cease posting if this ever hit 0.12p for three days on the trot. I lowered that to 0.08p. OR they received £4m net from DRC.

I have lost count of the times you have said I won't be posting again.

Sadly to me 0.08p or £4m is further away than ever.

Cote is hyperbole like everything this company says does and touches.

Sadly you also know this but your agenda is different.

Just quit posting for a week. Give this board and share a chance ? Can you do that ?

I saw you posting this morning on ZPHR Hapless.

Let's stick to your record on RRR.

2021 SP 0.85p.

You told Robins it would be multiples of that. Anyone investing £10k would be down to £500 now !!.

Pearls of wisdom you say :)

Hapless

All quiet and then you go all rampy.

Just move on and let's see what happens to RRR ?

You do the company no favours.

Debt £10-12m.

Finance charges 134k a month.

£5m of CLNs held by supportive shareholders.

Uninvestable IMO

Stephen.

Convenient rational for low offer the strike.

But hey you are never wrong.

2021 posts not embarrass you.

And fire sale it was.

Bell took poetic licence on positively spinning the £1m proceeds.

The carrying value in the last audited accounts was

£1.464m in none current receivables.

£0.239m in current receivables

£1.703m. Total.

The accounts valuation was based on $2,735 gold price 10% discount factor and 8,000 ounces production.

Looks like Soma got a 50% plus discount factor.

Even Hapless was saying it was worth a nailed on $2.2m.

He's not oftern right :)

Dicko

The exploration asset value is at cost Not Net realisable value.

The auditors are at pains to point that out in the accounts.

Net realisable value is nil.

If it was worth a fraction of £10m Bell would have hocked it by now.

You are so stupid you should not be investing.

You really are barrel scaping.

2021 posts worth a read.

The SP is 0.85p

Hapless and H50 [ as ever ] saying it was a bargain.

Tricky Dicky Briarbank and Robins bemoaning huge losses.

Nothing ever changes.

Https://www.lse.co.uk/ShareChat.html?ShareTicker=RRR&share=Red-Rock&thread=C6C68CF7-BCA8-4C24-96FB-7C11E1C41097

Interesting dialogue between Robins and Hapless on tailings 5 years ago.

Correct Dukey

Migori are owed $1m which is why Kenya is a none runner.

Even ramper Hapless doesn't go there.

The tailings have been muted for the entire life of RRR.

Won't happen in my opinion full stop.

DRC or bust. Completely binary investment in RRR you beleive the DRC claim will come good or its dead.

L

Dicko

The real details in the full year accounts not the half year account's. They are audited.

The question was ridiculous and has been debated so many times with many Dickos over the years who have come and gone on the RRR board.

You will see from the accounting policy note the Directors adopt an "area of interest" approach to valueing exploration assets. This means assets are valued at cost and NOT net realisable value. Crucial anyone investing should know this.

Look at the detail and its almost entirely Kenya circa £10m. The net realisable value of Kenya is arguably zero. They need to pay Migori $1m.[ look in the contingent liability note] to even develop it.

Why do you think those charged with governance adopt this approach to exploration asset valuation. ? Answer to avoid a £10m write down. It would be turkeys voting for Christmas.

Sadly you Dicko are the Turkey if you don't understand that.

£10-12m debt.

£5m of CLNs.

134k a month finance charges.

DRC or bust anything else is just fluff.

Accounts legally due before 31st December covering the year to 30th June 24.

The auditors have a legal obligation to reveal interest rates and CLN terms.

Last year we learnt Bell was begining to borrow at 0.5% interest per DAY plus 25% transaction charges

My honest view is they won't want holders seeing what he's been doing in the entire year since then.

I was wrong last year but we have achieved nothing since June 23 and expecting a horror show.

No accounts published, suspension and the supportive lenders take the assets

Unless of course DRC comes good.

Very high risk and uninvestable

Shame you have to dead for a proper holding RNS to be triggered.

Our other major shareholders also known as supportive lenders face the same issue confounded raised on holdings change with dilution.

They never issue a holdings update on pain of death ask yourself why ? All those placing shares and CLNs. Would not want holders knowing what's really happening here.

We agree RRR have no professionals or private data room.

Just information in the public domain which even you can source.

That's settled.