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News it's not about running RRR.
It's about calling out the granny mugger Helpful for what he is an insider who gains why all of us including you lose.
I have said many times gag Helpful and the noise will go away.
Yes News KPMG my mob advising the Coventry.
Sort of RTO with smaller company taking over bigger. You followed my accidental post on HBR they are doing similer with Wintershal a German Co
Hope springs eternal perhaps RRR will swoop for Glencore ?
So close we prepared two sets of final accounts in late Dec. One recognising income one not. ( ABs words in the accounts).
Then it was the elections, then the swearing in of Ministers. Not sure what the latest is but I'm not sure we are any closer than we were two years ago ?
Heads of Terms has it completing 19th April.
Might even get an intra day RNS !!
Helpful five years of ramping this and not once have you been right or anywhere near close.
Your job is to relentlessly ramp to get your placing shares away at a profit.
It's getting harder and harder isn't it ?
Your latest on FASO
- 5,000 ounces net to RRR soon.
- costs $300-500 ( down from your original $550)
- throughput 1,100 tonnes an hour.
It's tosh from the same ramper who said Tin Hill would manage 1m to 5m tonnes. The irony is it could not even manage 200 tonnes that was someone else's and is currently missing in action in a truck .
Faso will be the same!! Wheres the equipment they said on April 5th would be flown in days !!!
Is the golden goose nearing the end of its lifespan ?
Ordinary Sharholder - twenty fold down in 14 months. Last in any restructure / fund raise.
Helpful - CLN at 12% coupon issued in mid 2022. Capital protected in pertuity and discretionary warrants to sweeten it . He also participtes in discounted placings. Best of all he has primacy in a winding up.
On renewal he has the company over a barrel on terms ( higher interest rates and vastly reduced warrants)
Helpful and ordinary shareholders interests are unfortunately not aligned.
News you've seen the accounts from 31st December.
£4m debt is recorded
Plus whatever they accrued in quarter 1 2024.
Thats an awful lot of money to find when you have limited headroom to issue shares.
Most on here would prefer Helpful to take the hit as opposed to shareholders hence my commeent but he will have preferential treatment.
Helpful is an insider [ one of the privileged few] his interests and your and mine as ordinary shareholders are not allways aligned.
Mr Bell and Helpful know that more than most.
PS - Help has told us he owns the CLN many times.
My and many other posters problem is HELP not RRR. He really should not be posting.
12% coupon accrued. Notes extended to 24th July.
Another 600k the company has to find. Gulp.
Default could not happen to a nicer fella.
AIM 0.07p my guess. Just shy of 40%.
He knows Burkino is more fluff !! Wash plant in days, frequent updates. My guess as ever they have been over optimistic.
44 degrees in FASO, huge amount of water needed for wash plant, no money, a fear gold will be stolen. As ever with Helpful he is plugging this as all Reward no Risk.
Why because he makes money from being one of the privileged placing few. That's why he doesn't hang his head in shame and continues posting.
Last update on 200 tonnes. Delivery to China expected late February early March.
We were talking about timelines being missed.
I guess they did not say which year :) Probably meant March 25.
I wonder how many who brought on the spike re Chinese buyers are shaking their heads at the pivot ?
Yes Pumpky we all know RRR timescales need a huge pinch of salt.
Can't remember them delivering anything if I'm honest.
We should be due an update on the mercurial 200 tonnes. I'm not convinced it existed but it would be nice if it did.
$550 all in costs to RRR. Recently lowered to $300-500 !! The worst Investment Advisor in the world misses tax is 43% [ 10% state ownership 25% profits 7% royalty 1% communidy]. Marginal cost [ he loves showing off with this word] of production is negative by his calculations.
1,100 tonnes throughput per hour.
5,000 ounces to RRR.
Foreign Office Advice is avoid all travel outside the FASO capital. No consular support [ its from Accra] insurance completely invalid and severe danger of terrorist attack. No wonder he likes the English spring !!
I know this is a really sensitive subject but it seems ridiculously foolhardy to go to FASO given the advice. Would you go ? I would not.
The love in between Help Maid and News is something to behold.
Help as they affectionately refer to him has found some disciples.
Will we see 100 ounces of production before 30th June. I'm sticking my neck out and saying no.
Fund raising and need for loans unfotunatly to pay admin costs.
The same Sam and Willem who thought Tin Hill.was the next big thing if I'm not mistaken !!
Gold every *ucking where !! Says are very professional geogologist.
Speculative you seem glass half empty today. I thought you were quite bullish two weeks back ?
RRR could front a behavioural science case study. Watch how DRC and 200 tonnes slips out of all consciousness as our cheerleader Lundy leads us by the nose to the next big thing. Deflect and detract move on from failures extensively ramp the next big thing to maximise his profit on his placing shares.
Well given we have failed for three years to get the threatened IPO away why don't we sell our stake or some other asset if they are that valuable to stop the dilution.
Sadly all our assets are for sale but no interest.
No not from me.
I'm all in on the Helpful cost of $550 per ounce which he has now been lowered to $300-500.
My only post was the cheapest gold in the world has an AISC of $1000. A big FASO mine has an AISC of $1100.
Our expert insider says AISC not relevant to us as we don't need financing. Make what you want of that statement!!
The rate of tax in FASO is 43% comprising a mandatory 10% government holding 7% royalty 25% corporation tax and 1% social tax.
None of this matters to FASO as Helpful says the costs are just $300 -$550 per ounce.
It's laughable.
Talkinto it's called ten years of failed promises. No one buys into the next promise.
Let's hope they can gather enough momentum for the placing guys to escape :)
Maidit - I know you are not the sharpest knife in the block but the owners of the new shares sell them into the rise !! That's how it works.
Remember five Chinese buyers, first Lithium exports, Bell visiting DRC. All massively sold into.
Will the next news on FASO cause a rise ? Lots of PIs skeptical after too many false dawns and others desperate to get out having invested on previous spike.
Absolutely compelling watching. Can Bell finally produce BELIEVABLE news that gives it a sustained rise. The jury's out.
Punpky he brought and will sell for the normal 20% gain whilst materially misleading posters about prospects..
And the idiots on here talk about us being shorters.
They can't see past the end of their nose the only person taking them for a ride is Helpful.
Maidit - don't get confused by the volume 3.4m on your proper sell.
Bell has bombed the price so badly its worth just £1,800.
In Jan 23. That volume was worth £35,000.
Criminal destruction in value in such a short time.
Still admin cost to be met !!