Member Info for Helpful

DM, your view.

Regardless of what your view is, this is material to RRR's CDI assets.

DYOR

Speccy, I know you like to make out you are clever and all that BS but the UK we have a thing called the law. Placing Shares are not Subscription Shares. Just as a Placing Agreement is not a Subscription Agreement. They are legally distinct and separate. Two entirely different processes with different legal entities involved.

https://x.com/i/grok/share/Xz5B2JhBC0yKZu2sdLIq4XjFT

As I said....

DYOR zzzzzzzzz

Argenta, it is not a placing. The issue of shares pursuant to a placing agreement is a placing. The placing agreement is between the placing agent (broker) and the company.

A subscription is directly between the subscriber (investor) and the company.

Two legally distinct processes.

DYOR zzzzz

Https://www.businesswire.com/news/home/20250710272213/en/Kobo-Resources-Confirms-Additional-High-Grade-Gold-Mineralization-at-Kossou-with-15.5-m-at-2.3-gt-Au-incl.-8.3-m-at-3.43-gt-Au-Outlines-Next-Phase-of-Exploration-at-Kossou

Neighbours.

DYOR

Boring Boy, you really don't do reasoning do you? Why on earth would the "professional services provider" take the stock when they did?

So they are down, what, 30% before they even have the stock admitted to AIM.

Must have been a good reason to accept 100,000,000 shares in settlement of a £30k liability.

DYOR

Foggie, speak to the font of all wisdom. He knows everything.

You are such funny hypocrite. Your £11.50 investment means you are a "long suffering shareholder" does it?

You must be changing your underwear non-stop given your "serious investment for me" at Zephyr.

zzzzzzz

Https://x.com/8lusky/status/1943058939891061150?t=03_Wep_j__UfQKSUeKL6Sw&s=19

DYOR

Ah apparently I have been naughty by not pretending I have the memory of a gold fish. I can still remember that RRR issued a RNS giving information about issuing shares to a professional services provider. Or maybe not, maybe I imagined the whole thing.

Distressing when one can't hold a thought for 48 hours!!

zzzzzzzzz

"While both speculation and conjecture involve forming ideas without complete certainty, conjecture is typically based on some form of incomplete information or evidence, while speculation is a more general term for forming guesses or theories without necessarily having any supporting evidence at all. Think of conjecture as an "educated guess" based on what's known, while speculation can be a more random or unfounded guess."

Funny!

Anyway back to...... which way around was it again?

zzzzzzzzzz

Of course it is speculation. If I knew I couldn't say anything.

It remains, why now?

It can't be for cash and professional services. My view is that it is phrased that way because of the need for a subscription letter.

If it is a professional services provider, which one?

Thank you for calling my speculations pure. The nicest thing anyone has said on here.

DYOR

Boring Boy, you don't do reasoning very well, do you?

According to you, RRR is bust. Debt ranks ahead of equity on a wind up.

"the admission of which it is expected on or around 11 July 2025." The shares are not tradable before 11th July and probably not before 14th July. The shares have to make to the owner's dealing account, so call it the 16th.

So the professional services provider is exposed for a bit over a week and has to be able to dump 100mil shares (which it took above market price) without moving the price down. It also has to carry the spread and the dealing cost. If it can't do those three things then it doesn't get it's £30k.

A lot of risk to carry for someone who doesn't really want the shares. Unless of course they take a different view and actually want the shares.

As always, all you do is show yourself up.

zzzzzzzz

DYOR

No Speccy. If RRR owes £30k to a professional services provider and has agreed to settle in shares presumably this is not a recent liability. I would expect that said professional services provider knows something about RRR. They might even be influenced by Boring Boy and Sock Puppet.

That being the case if RRR's share price is going to be materially lower in short order, why not take the shares settlement in a week's time when Sock Puppet, Boring Boy and Foggie reckon the price will be much lower?

It doesn't make sense to not wait, unless they think might be able to sell at a better price shortly.

50% down is £15k: that is a decent bite even for someone of Boring Boy's standing. Why take the risk?

DYOR

Speccy, "at this time"

Well being an ex-accounts clerk you must have heard accountants talk about short term timing differences.

To be clear I am more than happy for you to linger a while longer.

zzzzzz

Really Really Boring Boy making stuff up again.

You have no way of knowing who the last three placings were taken by.

zzzzzzz

It wasn't a placing. A placing happens pursuant to a placing agreement signed between an intermediary and the company. Placings typically involve commissions and broker warrants.

These days to take shares in settlement of outstanding fees the NOMAD requires a signed subscription letter. So a subscription letter will have been signed.

People should ask themselves, why a professional services provider would take settlement in shares at this time?

DYOR

So Soma finished 10.59%.

The anticipated restart is making a difference.

DYOR

Https://finance.yahoo.com/news/soma-gold-announces-agreement-acquire-082000013.html

"The ore will be trucked to the El Limón Mill for processing. The average grade at Escondida is higher than the grades of ore from the Cordero and Aurora mines, which are currently being stockpiled at El Limón. As such, Escondida ore will increase the average head grade at the mill."

So production not restarted at the time that was written.

DYOR

Get a life you saddo. Go do something reasonably useful, like buy someone a London Pub lunch. Splash the cash.