Member Info for Banburyboy

Dicko - how many times have you been wrong !

Looked at the accounts and calculations yet or still calling posters liars ?

- £10-12m debt.

- 134k a month finance charges. Per the accounts probably higher.

- CLNs per the accounts nearly £4m. None of it disclosed by the company probably £5m now.

You can have all the news you want Dicko but the company IMO is controlled and run by the lenders for their benefit not yours.

As ever just like the last five years we will see.

Let's hope I'm not right again.

More interesting than gold prices Hapless.

Stuck payment at ANZ ? Taking some unsticking. Exclusivity period finished a few days back !!

Your nonsense on ASX regulations won't wash for much longer.

What's the AIM regulations for the ever increasing CLNs the company has not told us about ?

You only hide behind the regulations when it suits you IMO.

Well done Stephen got something right on gold price.

What's your predictions for RRR SP in three six and none months time ?

Blueboy

Nearly two years ago I put my money where my mouth was and said I would leave this board if

- the SP hit 0.12p for three days or

- £4m was remitted from DRC.

I lowered the 0.12p to 0.08p.

I have a plan to leave. The dunces on here have for two years been telling me my time is up . Next week etc . Whose been right ?

They have no plan other than blind faith this will come good. They will leave when it is no more.

They completely ignore the risks.

They have an inability to discuss £10-12m debt, £130k a montn of finance charges and £4m of CLNs. No other board lacks this balance.

They defend by saying I lie. Presented with the facts they go quiet.

I can say with certainty any news this week will UNDERWHELM.

How do I know that ? If it was anything of substance the few /the insiders / the debtors who control the company would have been buying.

Sadly it's a readable playbook.

As ever let's see what happens.

My bet Cote spoke and mirrors and anything but clear. Placing price and one to one warrents as low as 0.02p.

1.5BN shares at 0.02p = $300k . If they add warrents as ever won't be good.

DYOR and IMO

News rich it is Dicko but pocket poor.

Robins - my view.

Own goal by Bell. Why say it was stuck ? Exasabated by Hapless who posted it on here immediately after Bell posted it.

Bell has an obligation to explain it. Monday should tell us more. Or maybe not this is RRR.

Dicko

If you could count you would see Hapless has posted 14 times !

His first Post before mine.

Something on his mind?. Wonder what that is ?

You pumping again how many goes now ?

Let's see tommorrow.

Not stressed three Duke.

Not best pleased with Dicko.

He claims I have misled investors and lie.

I have disproved everything he said.

The debate was about one question

Dicko misleading investors by producing his long ramps list day after AGM saying it was "info from the AGM". One poster I think Pumpky said it was something he did on other boards

He was probably not at the AGM [ or if he was he is shy coming forward] and the long list was unlikely to have been discussed at the AGM.

I respect many on here but Dicko !!

He is suggesting investing here solely on a bull case. That's wrong.

Note the silence / lack of challenges on debt / finance charges and CLNs.

Some seriously lazy Bulls on this board.

Helpful - i accused no one of lies.

I asked Dicko to collaborate that he was at the AGM.

It appears he was not thus his long list was not discussed as he implied.

ZPHR good board, most posters begining to really doubt it. You were I suspect right all along about its prospects and POO does not help.

See Hapless it's not difficult, to admit you were wrong, post in a balanced way have some degree of self awareness / contrition . I really think you should try it ?

Most on here think you have been wrong for seven years. Most think debt finance charges and CLNs are a real problem.

Whilst you do your reading maybe just think about that if the blinkers are not on too tight

Dicko on all the four things you said I lied and misled I provided the evidential basis on each statement.

You reckon I have misled investors !!

What was the price when I started posting ? What is it now ?

I like to use evidence based facts and to date the charge of misleading investors lies with you and Hapless. Not me.

What was the price when you started ramping ? Agreed it would only need to go up to 0.05p to give you some redemption but Hapless needs a ten bagger plus.

I won't be bullied by you or him.

This is an extremely risky share with £10-12m of debt, high finance charges, £4m of CLNs all facts. And in my opinion rank average gold prospects.

Anyway as we have said for years let's see what next week brings.

Dicko again so much for making the 20 billion up. i spoke to you directly.

Dicko – I had to smile at your “what if “post yesterday.

I am kicking myself as by far the most consequential piece of information RRR have ever released is in Note 11 Borrowings to the attached half year accounts. I twigged it then forgot about it.

Its not easy on the eye so the key line is replicated below

CLNs outstanding 30th June 2024 – £2.877m

Loans received £0.605m

Noncash flow conversions (£0.284m)

Noncash flow interest accrued £0.430m

Noncash flow reclassification (0.094m)

CLNs outstanding 31st Dec 2024 - £3.534m

Interesting observations

- Lenders have requested equity options and RRR has been silent on this and the terms.

- We can see the terms through the conversions £0.284m in the half year (3rd July 4th July 16th Aug, 23 Aug, 27Aug, 26th Sept, and 31st Dec) .

- Those terms began at 0.045p and the final one and subsequent conversions in 2025 are at 0.035- 0,04p and equal warrants.

- The implied annualised interest rate from £0.430m accrued interest in a half year is an eye watering 30%. Probably why Helpfuls CLNs have suddenly gone into a black hole 😊

CLNS are today likely £4m based on accrued interest.

What if ? All the £4m had the latest terms 0.035p- 0.04p plus warrants. Would that be 20bn new shares ?

Would they convert if Bell gets DRC money ? Would they convert if he does not ?

Where does this leave you ? Might that explain why a background buyer (a lender I would suggest) is accumulating. It’s a win win for them.

What if the supportive lenders already control the company ? I love the word “supportive” to who ? shareholder like you or I ? Or the few I have talked about for years ?

Why is the AGM so late ? might it be the AGMs primary purpose is authority to issue shares ?

Our Insider of course knows all this. But he suggests I just lie and make things up.

I don’t as most posters know but please, DYOR on this – accounts and note 11 attached.

Dicko so much for making things up

Great question LT and thank you for focusing in on it.

The £10-12m includes trade creditors. The reason I include these are there is no underpinning and linked asset (a receivable or stock). They need paying and are very high in relation to RRR’s turnover, and its business activities.

So, December 24 accounts :

Trade payables £2.800m

Non-current borrowing - £1.061m

Short term borrowing - £3.695m

Baseline face of the account’s debt on 31st Dec 24 - £7.556m.

Running costs are currently 300k a month (most is finance charges – Note 11 of the accounts is illuminating). So, add £1.5m to 31st May 25.

Less share issues for debt conversion so 2nd May 25 175k of debt converted and 29th Jan 200k = 375K.

31st May 25 reported baseline is £8.681m

The tricky bit is the items we know are not included above but have uncertainty on amounts these are

- $1m promissory note payable to Kansai mining (at the end of the audited accounts)

- $x ? despite wrapping up operations in Greenland nearly 15 years ago the company is expensing costs every year. £0.135m in 2024 and £0.159m in 2023. The inference is some sort of decommissioning liability, but the company are far from clear.

- Further payments to PoW are contingent and the auditors were explicit they excluded them based on the contingent element.

- New Ballarat Gold Corporation -otherwise known as RRAL. The accounts are massively overdue last set 30th September 2022 and the full RRR share has yet to be included due to uncertainty . Annual costs from historic accounts were 392k. So, I suspect these will need considering.

So, I am placing a value of £1.3m to £3.3m on all the potential liabilities above to arrive at £10-12m.

Thanks for the question. I think a serious debate on the finance and debt is well overdue.

Stephen, you had four posts around 7am, so maybe take your own advice ?

No answer to my question on new CLN regularity requirements ? You are full of it normally, MAR debate with DavidM your expertise on banking transactions.

Detracting again - silence from you very interesting.

Interestingly Hapless Noira on the other site who is a holder and supportive was bemoaning how other gold miners were up and RRR was down.

The clue and explanation is

- £10-12m debt

- Nearly £4m of it CLNs

- average assets many with issues.

- Trust not great here.

- Finance charges 134k a month. When last recorded likely higher now.

I'm afraid as an Investment Advisor you can't just post opportunities you need to consider risks.

The SP of RRR is where it is as its very high risk a speculative gamble at best if you beleive Bell will pull off DRC.

But you know this ...

So Hapless as the expert did RRR have

1- a regularity obligation to report £3m plus of debts converted to CLNs.

2- did they have a moral obligation.

Or have I just made this up about the increased CLN ?

What do you think the debt and finance charges are [ clue is look in the accounts and at historic cash flow as typical of requirement from 1st Jan 25 to 30th Sept 25)

I'm not expecting a straight answer as everything I say is either true or credible in terms of how the conclusion was reached.

Your inability to debate debt and finance charges speaks volumes

Nice try Dicko but you did not go to the meeting.

So your list was NOT discussed ? Or correct tme

To be clear I was calling no one a liar I was saying had I posted such a post I would be a liar.

For completeness as you need it :

1 - 20 billion shares was a qualified statement of converting £4m of CLNs at current SP . FACT

2 - It was £10-12m debt. The basis of the calculation has been discussed many times on here.

3 - No royalty ! Are you on drugs ! I debate the royalty payment with Hapless all the time. You mix me up with Dukey.

4- I don't deny the existence of licences I question there value. I corrected the delinquent comment on Cote in an hour I was wrong [ you should try it Hapless]

So Dicko none of that lies. Rather you are so desperate to ramp you can't see the risks.

Stop distracting were you at the AGM end of and did they discuss all of your long list ?

Dicko you credibility took a hit.

You wrongly posted a huge list of items discussed at the AGM entitled "info from the AGM". All were not discussed it was misleading.

Had I done that the hired company help [ Hapless and Nike] would be calling me a liar.

For the third time were you at the AGM ?

Or was the now revised AGM output news rich period just heresay ?

SHs deserve better than the made up hyperbole that dominates this board.

Spelling my weakness Stephen. I'm aware of it.

Sadly this company and getting anything right is yours. As many have mentioned Lundy = zero self-awareness.

Three RNS in a day. You said that. You really did.

- meeting with President.

- arbitration signed

- cash remitted.

How we laughed.

Get yourself over to Zimbabwe to check on your share of the 200 tonnes of Lithium [ 10% = 20 tonnes]

More worthwhile to you, shareholders and company than relentless posting on here.

Zzzzzz

But my assumptions are rarely wrong and yours allways are.

Evidence - Faso production most of last year/ RRR is in a good place / three RNSs in a day. All from you.

Anyone following your advice -" lining up the next asset " including the company needs to give their head a wobble.

Look at the accounts.

$1m owed to Migori before any progress on Kenya.

So long since any activity on Kenya let's hope its not been sold behind his back like DRC asset or gone missing like the 200 tonnes of Lithium we need to locate.

Helpful with respect RRR is not good at spinning plates so baby steps needed. Concentrate as Spec has said on the Arbitration and hunker down till you get the cash. Any Investment Advisor of any credibility would advise Bell that.