Member Info for Banburyboy

Dogs let's dig out the screen shot.

Him being an Investment Advisor and all.

So if he said $2.2m less than a month ago how can he not agree $1.3M [ £1m] is a fire sale.

Problem with Helpful is he spends so long on here he contradicts himself all the time.

Stephen remember you said $300k a quarter.

B positive with 7.25bn of shares and probably up to £5m of CLNs at terms the company won't tell us this will not multi bag.

The last accounts show 3.4m of CLNs the £5m is an estimate of now based on cash flow usage.

RRR is a share very bad for your wealth.

Helpful you said $300k a quarter?

So payback for cash just over 12 months for Soma

What a great deal.

Notice how Bell DID NOT compare the cash value of $3m will the sale proceeds of £1m but dragged in the accounting value determined 15 months ago in June 24.

What's happened to gold price and production estimates since then. You have posted numerous times they are far higher.

This is a fire sale based on any reasonable conclusion.

Morning to you as well Dicko.

If you knew anything about RRR you would have realised. RRR do most RNSs on a Friday. Helpful goes quiet pre RNS so I had a suspicion.

Clearly Soma got such a bargain they could know.

Every conclusion I have drawn about this fire sale is strongly supported by Helpfuls posts on what the future royalty might be. He concluded $300k a quarter.

So fantastic deal for Soma.

Agreed RRR could do with the cash but it's irrelevant to the overall position.

They need DRC and soon.

Mikey with 300k a month burn and £200k to POW in a week it buys RRR 2 to 3 months.

You need to wobble your head about £3.5m of hidden CLNs [ probably £5m now] at interest rates of 34%.

I base my fire sale conclusions on numerous statements made on the Board about production and royalties from this mine made by an eminent investment advisor Mr Helpful Lundy.

Agreed this is good news but the price is shocking .Soma having all the aces and it was too good to be true.

1 -warrents $CAD worthles. price today $1.21.

2 - terrible price. Hapless himself said we would get $300k a quarter so all this does is accelerate the first five payments and give away the last five months payments

3 - Carrying value in the accounts of £1.5m is a red herring and smoke screen to hide what is a shocking fire sale . The basis of that calculation is in the accounts. Gold price $1,300 discount rate 18% and 5,000 ounces produced a year. Hapless has told us repeatedly these figures are far higher.

4- I told Hapless I thought there was no chance of Soma buying it. I was was wrong. Him the investment advisor speculated what the NPV was. I said $1.8m Hapless said $2.2m.

It's gone for $1.3m.

Would love to see how Soma present this in their release.

Good news but be under no illusion this is a fire sale and I expect will send a signal on how financially stretched RRR are.

Interestingly no consideration yet and POW due.

They need to move the registerd address from Bells house to the new company secretary to avoid these simple errors.

Calamity Bell

Https://find-and-update.company-information.service.gov.uk/company/13470424

Companies House issued a striking off notice for Faso Minerals Limited.

New company secretary doesn't inspire confidence.

You've got time on your hand Stephen.

The same board you hated for months.

I laughed as the last few days you said the Board were playing a blinder.

Today they are in the bad books again.

I have never seen anything like you ICEY.

Wall to wall nonsense and you really beleive you are some well informed genius Warren Buffet type . Comedy Gold.

Dogs

Where do you think Dukey is.

I half wondered if he was being muzzled by the thought police ?

Not like him to go quietly ?

BB

To clarify I don't think it's busted flush a two threes backstop which wins us 3p a share. But hoping for four aces !!

Except Molotov the T&Cs on the $100m as we have discussed numerous times on here are as clear as mud. Benefit to ZPHR ?

As least with the $7.5m we were clear what we got. Free carry on drill and 50% of production from day 1.

Not trying to be negative but too many on here band the $100m about as a panacia for all illswith little or no knowledge on what it means.

Fingers crossed we find out soon.

Nelson- "we are a busted flush."

I'm hoping for the best here but not discounting the worst.

The complete news black out could be good or bad but my fingers are crossed.

I cosol myself on 3p being the floor as why did CH get the placing away ?

GLA

As you told the board Hapless CLN holders will convert high.

People investing can take that to their bank managers as a copper bottom guarantee.

What could possibly go wrong.

Enjoy your day.

At last Hapless is debating CLNs.

Set out below are FACTs.

Audited 30th June 24 accounts had the CLN balance set out in Note 18 bullet three as £638,535 on 30th June 2024. Terms and conditions are disclosed as it’s a statutory requirement.

In RRRs (unaudited) half year report to 31st December 24. The opening balance of CLNs on 30th June 24 is now restated to £2,877,000. ( Table at Note 11).

Why would RRR restate CLNs up just as the auditors have gone ? Could it be they don’t want SHs last year to know the T&Cs ? Could it be the T&C are usurious? Remember those loans at 25% arrangement fee and 0.5% a day interest that we were all shocked when the auditors told us ?

In the half year to 31st December 24

They added another £605,000 CLN’s for loans and a further £430,000 of loans for interest,

The company won’t tell us any information, so I use the 430k to work out a 34% annual interest rate. They really should disclose this like they have always done with other CLN’s. Ask yourself why they don’t?

A further £378,000 was converted.

This leaves a closing balance on CLNs on 31st December 2024 of £3,534,000.

All the above fact. Now the conjecture

- What’s the balance now ? I would estimate £5m

- What does that mean for you if conversion price is 0.025p ? Answer 40bn share. With equal warrants like last issue 80bn shares. Let’s hope it not that bad but its illustrative.

So as Bravemark says we have some seriously wealthy lenders supporting us. Money follows money and soon they will be a lot richer. Lets hope this involves you to 😊

On reflection I’m not sure another placing is needed to pay POW. Further loans will be made on terms we won’t be told about that in my opinion won’t benefit any individual private shareholders.

One light at the end of the tunnel is the audited accounts are due by 31st Dec 25, and the auditors have an obligation to report the CLN’s and T&Cs in full. . Let hope the company gets that far.

Sadly, and unforgivably in my opinion Hapless knows all this but continues to encourage investors.

DYOR and IMO.

Strangely we have more shares today than before the capital re-organisation, and the spread is no better.

Sadly - cash breakeven and cash generation with a year is nine years late and eludes RRR

"We present the Company’s interim report for the six months to 31st December 2015.

The repositioning and restructuring of the company have continued during the period and since. Operating off a low-cost base, cost outflows have been minimised, while management has concentrated on developing streams of income, as the company moves from a typical exploration company model to a cash flow-generative model.

In December 2015 a capital reorganisation was carried out and reduced the number of ordinary shares outstanding by consolidating every 25 old shares into one new share. While it is too early to be definitive, the indications so far are that the exercise may be succeeding in its purpose of reducing trading spreads and increasing tradability of the shares.

The traditional exploration model for smaller companies listed on junior markets has been heavily dependent on access to funding through new issues of stock but has not in the recent years of declining commodity prices offered a satisfactory return on monies raised. The consequence is that there is much less public and corporate money available for exploration. In order to control its destiny Red Rock has set the objective of moving towards cash breakeven and then cash generation within this year. Once this is achieved, the intention is that any further external funding can be clearly linked to the acquisition and development of projects with projected rates of return and present values that can be seen to add shareholder value. This is a work in progress, but Red Rock is on course so far and has every hope of achieving these objectives.

Andrew Bell

Executive Chairman

30th March 2016"

ICE you write so much and so fast that no one can keep up. Sadly its mostly nonsense and incoherent.

Good to see the Board that you were slating in a post every five minutes for months are now "playing both sides".

I'm afraid they are not. Deal done at 30p

Read the RNS . Because it doesn't touch the sides of the £1.5m capital requiment they have and Because the lenders have probably required it.

I think you must be the only guy on the planet who as CEO of WG who would tell Sidara to get lost and go it alone.

The Captain going down with Titanic.

But hey ho I have your wisdom on VTY to keep me entertained.

ICE Bob who used to work at WG [ your hero for many months or have you forgotten] has suggested the contracts are on hold. He will be right.

Why don't you actually reflect consider and digest information ? Just for once.

I'm a LT holder of VTY. My heart sank when you arrived there today. Is there any board or company you don't know everything about ?

Interesting Terry

The boards not really for politics but reform has a Marmite factor

I personally would vote for any party but reform and i mean anyone and many I know are the same.

Forgets the whys but just as Labour got a huge majority on just 35% of the vote Reform will get nowhere near a majority with 40% due to tacticsl voting.

Hung parliament good or bad nailed on in my opinion.

Was an Investor in SQZ but didn't like Mecuria deal.

Triton sadly still causing holders problems.