Member Info for Banburyboy

Honest answer Hapless.

Zero chance Soma will buy the royalty back.

They have just raised capital and have ambitious plans for expansion. The royaly wont be on their radar. Immaterial.

Engaging with RRR will be bottom of their agenda. Any Investment Advisor worth their salt could see that.

Bell and RRR are a hugely distressed seller. $1.5m they might consider as ROCE would be attractive.

Let's see.

No payment until November and then only $70k [ your figures) - two week cash burn.

Oh dear oh dear.

Yes dogs either a raise ? 1.5bn shares at 0.02p or Cote is more than the hyperbole window dressing usually associated with RRR.

Or a bit of both ?

Whatever the purchase of NBGC [ RRAL].when you are penniless was rank. stupidity.

Even consulting the resident inside Investment Advisor Hepfuk [ thanks Nike] would have confirmed that.

Not in a good place. Uninvestable IMO.

For me Northen it's about the $7.5m Invester who funded the initial paradox well development.

They either take a loss or develop to get their money back. If they don't opt to develop despite sunk costs of $7.5m I would be really concerned.

The original drill targeted 2m barrels and actually got 0.8 to 1.4m barrels.

I'm hoping an announcement will be linked to the release of the CPR next month.

I know it's simplistic but if the $7.5m invester does not proceed talk of an early JV is premature.IMO.

Thanks for the info sworaf.

Good to clarify

Exactly Robins.

Lundy has called this wrong for seven years. All the way down from 1p. He's lost many a fortune.

No contrition, no reflection, no self awareness, to the fact he's been continually wrong whilst others have been right.

I just hope he gets his cumupance one day.

Pretty sure he will.

I don't have memory problems you do.

Please address the issue of debt and finance charges being far more material than Soma [ and pressing]

You are supposed to be an Investment Advisor FFS.

You act like a paid ramper and spokesman for the company. Ignoring any risks or negatives.

Indeed from 24th June RNS.

" The proposed aquistion will strengthen the Company balance sheet and cash flow postion ahead of the next semi- annual debt redetermination of the $15.15m revolving facility [ expected to occur in July 25] and fortify ZPHR ahead of planned partnership talks on the paradox project as well as provide new in fill drilling opportunities".

As I said at the time CHs hand was forced by lower oil prices impacting RBL.

The accounting entries were merely a different reflection of the same issue RBL -POO driven.

Had he chose to pay down debt we could have moved on by now.

He did thank the banks in the presentation who clearly have been patient as CH negotiates an acquisition that took longer than planned.

Sound like a CH pattern. Missed timelines :)

Big fan of potential here but some of the rose tinted postings. CHs has this qualification and that and any critically probing post is from a shorter or spread better verge on ridiculous.

SP picking up so maybe this is just a small hick up ?

I hope so and good luck all.

Hapless

If I accept your number $70k in November and $300k in Feb 26. It's too little to late. Your numbers are allways sunnyside up but let's accept them for now.

Finance charges are £134k a month [ Not dollars] 804k in the half year. Not my figures the companies !!. These would have increased now as the company incurs more debt and accrues [ as opposed to paying the interest]. PoW is looming.

Finance charges are only 40% of spend we have 160k for Bells wages, admin care and maintenance etc.

Nothing other than DRC touches the sides.

You now bring out the distressed sale of the entirety of the Royalty think you mentioned $2m. The obvious buyer is Soma. I think they will just watch it play out.

Nothing presented on RRR by you changes the fact its not in a good place and is a perilous investment for a newcomer. IMO and DYOR.

I'm sure that was stated by CH in the presentation and the only new news.

No big deal and maybe later today.

The irony [ if its not] will resonate with some posters.

Was suprised to RNS this morning.

They have unit 5pm Monday [ Bank holiday] to make an offer or withdraw.

My view is they would not wait until Tuesday as bad form perhaps I'm wrong.

Not like you to over egg the positive Hapless.

- Soma immaterial until Feb 26 payment.

- DRC imminent zzzzzzz.

- DRC JV. Is that the mecurial housing project with el president.

- Boulon the guys with two picks.

- BIBALLE all the nonsense from last year ships from SA Sam 200 Indians.

- Cote hyperbole IMO as we could not keep saying FASO transaction as no one brought it.

4m of CLNs

10-12m of debt.

650k to POW.

Userous interest rates.

The only Limon here is you.

No slithering away my little Mancunian.

Can't wait for the next installment

Hapless - you of course pro-actively contacted the auditors to clarify the Soma

A shame you and Bell pay absolutely no interest to our owned assets ? That Mecurial 200 tonnes that you have not bothered checking on for 18 months.

Anything but find and sell our Lithium ore.

Fair point Spec.

But he did rip my head off when I said unlikely to be any Q2 production to 30th June 2025.

He came out with a $29k royalty.

That was wrong.

Allways sunny side up our RRR is in a good place Hapless.

I'm fascinated by Cote and Faso next.

Only two weeks to find out.

Really hope for SHs it's decent news

Dukey

I added all the authorities up and the added up to 9.9bn.

So still headroom IMO.

1Wavering on the other site said unused authorities expire, so disagrees.

I honestly don't know. Helpful might know ?

Stephen views ?

Well Hapless

You were wrong on a Q2 payment.

You have called the start of Limon wrongly for months.

Distinct possibility IMO no Q3 payment or it will be really small [ 5 weeks left].

That means royalties don't really kick in until Q4. So Feb 26 payment.

So Mr Investment Advisor in terms of risks what's the plan to service RRRs huge debt, interest charges, pay POW, Bells wages etc. For the next six months ?

Many on here have an idea

Zzzzzzz

No slithering.

PREM - SP now back up.

Maybe they know more about Lithium than RRR ?

All the talk on that board is of Lithium price up 50% from lows.

£1,000 for a flight to Harare / Beira check on our 200 tonnes just in case its not there and if it is sell it.?

Surely better than endless dilution ?

We shouldn't have to do this as the stockholder is normally tasked with security and safeguarding the assets.

As ever with RRR nothing straightforward.

Big raise at 0.023.

Down she will come this morning.

Wonder if RRR next raise will be lower than 0.023p ? My money is on 0.02p.

I have no view on PREM but Bell and Hapless do and use it as a benchmark, so in that context its interesting.

Largely poetic licence and deflection there Hapless.

I'm not the one charged with safeguarding the company assets Hapless Bell is.

As a 10% holder you should know the truth but at this moment the best you can manage is we don't know if it exists or not.

The accounts suggest it doesn't exist.

As Blue says perhaps the auditors and Nomad would be interested.

Come on Hapless.

Pull the other one.

It's the company responsibility to safeguard the shareholder assets. Local representatives on the ground, checking in with storage company.

And the small matter it's not in the accounts

It has not been checked on for 18 months and Bell will sue if its not there !! That's pathetic IMO.

Let's hope we have better arrangements in place to safeguard out other assets like the spectrum gun in FASO and all the other kit.

If it exists the 200 tonnes has real value. Why don't we sell it whats are the plans.

Far too many unanswered questions.

Company statement will resolve that :)

I won't hold my breath.

Https://equity.guru/2025/08/19/soma-gold-soma-v-hits-all-its-milestones-eliminates-debt-raises-fat-cash/

Still no start date for Limon mine Hapless !

Remember you told me I was talking rubbish when I said no quarter 2 royalty. You said 29k.

Guess who was right ?

Soma Q3 royalty due November 25 and Q4 Feb 26.

That November payment getting smaller and smaller.

Unless we forward sell it all. As a distressed seller that will be interesting !!