Member Info for Helpful

Listen Sock Puppet, just because you imagine something doesn't make it a fact.

I didn't take part in the recent share placings. I think that the last time I took part in a placing was three years ago. You have been told this but you continue to repeat the same falsehood.

In respect of the SP, the CLN holders are relatively neutral. Either the company pays us back or we convert if there is a gain. If the SP goes down and the CLNs need to be rolled then the terms change.

Being in default is a technical term. RRR can only be in default with third parties if a default notice is issued. If one was issued, then RRR would need to tell the market. Ergo, RRR is not in default at this time. Terms can be renegotiated and do get renegotiated all the time.

I don't know the details of what indebtedness RRR has or the terms. For instance, £175k was converted a few weeks back: do you know the terms that applied to that loan? I don't know, so I don't see how you could.

I do know that the interest rate you and RRDBB keep prattling on about only applies to some of the debt. For all I know and you knoow, that £175k conversion might have been it. I accept that RRDBB might know, because he knows everything.

I don't comment on stuff I don't know about. For instance, if you applied the same rule, it would shut you up. You have been going on about mega placings and suspension since last October.

Telling everyone that a placing is incoming is either based on knowledge, in which case you have breached MAR, or it is not, in which case you are attempting market manipulation.

DYOR

First time for everything Boring Boy.

One other thing on the NG, people quote Henry Hub and the NG price on the futures market but it is more complicated than that. From my own experience of owning oil & gas fields in the US.

We had three fields, one with no gas but two had gas. The price we got on the two fields, only about 70 miles apart, for the NG was quite different. One field only had one potential offtaker and one had two. The one which had one offtaker, gave us a terrible price: it was a price ratchet based on volume and at low volume the price was pretty much nothing (circa 70c a therm net at one point). On the one with two offtakers, we got a much higher price from the offtaker we used. Part of the reason for the higher price was that the NG had a high calorific content. We also got a good price for the NGL (Natural Gas Liquids).

To be able to work out the potential margin, one needs to know more about the local pricing and offtakers. But the margin will be worse now than it was last year.

I did post last year that EUR mattered and now you have an indication. Notable is the latest research letter that has reduced the target SP.

DYOR

Boring Boy, I made no estimate about the royalty to end of June, because it is unknowable. We don't know the start date (except that it is intended to be in June) and we don't know the volume throughput. Soma has said initially 100tpd ramping to 200tpd.

I did say on a full quarter, it should be around $330k.

Why do you always have to lie about information and other people's posts? The estimate taken from Soma's published data.

DYOR zzzzzzz

*you're or you are...

DM, not the first time ever

In Soma's update from yesterday it says June restart. In earlier updates it had said mid-June. So from that, restart should be somewhere between mid and end June.

DYOR

Boring Boy as usual you miss the point. Sock Puppet was saying this was Soma not Para. He was attempting to say that Para's settlement had somehow been varied by Soma's ownership. However as he knows and you know, Soma confirmed the liability in it recent AR. Get back to playing the expert on Zephyr, you are funnier there.

zzzzzzz

Boring Boy playing the expert again. It is condensate not "condersite".

The issue with condensate is nothing to with "low quality", it is to do with the hydrocarbon fractions that be produced from the processing. Typically Utah refineries want heavier oil to produce diesel and asphalt. Because of the Utah climate there is a big local market for asphalt. Both asphalt and diesel sell at a premium to WTI not a discount. Typically the condensate will need to be blended before being processed. It is saleable, it is just not a premium product: hence the discount to WTI.

DYOR

The liability is in Soma's annual report genius.

As usual RRDBB making stuff.

zzzzzzz

Again RRDBB, you just show yourself up with your nonsense.

zzzzzz

Really Really Dreary Boring Boy, this is why you failed as an accounts clerk.

I said minimal for the royalty to 30th June. On a full quarter based on what Soma says (not me): RRR's royalty should be about $300k paid in November. The other big thing is that it changes the valuation of the royalty for NAV purposes and it also probably means it is saleable. Circa $3mil outstanding: discounted back it is probably $2m/$2.2mil NPV.

Anyway, back to doing something useful. Maybe you can put it in Grok and actually be useful for once?

PS Soma might now be interested in doing a deal.

DYOR zzzzzzzzzz

Https://finance.yahoo.com/news/soma-gold-reports-record-first-083000768.html

"Our organic growth strategy remains on track, with the planned re-commissioning of the el Limon mill scheduled for June of this year. During the second half of 2025, el Limon is expected to increase overall throughput by approximately 20-30%, resulting in a corresponding increase in gold production. Feed for the mill will be sourced from the Aurora and Cordero mines, as well as several formalized small miners."

Before Really Really Drearily Boring Boy starts drivelling on. I had no part in preparing the above from Soma Gold. The bit in inverted commas is what is called, a quotation. So before you start drivelling on about me misleading people, if you think it is misleading, take it up with Soma Gold.

Also

"We are also working toward bringing the el Limon Mine back into production following the discovery of a parallel vein structure that appears to carry economic grades."

Another quotation.

Sounds like good news to me.

DYOR

Https://www.mining.com/web/glencore-buys-russian-copper-on-lme-to-feed-tight-chinese-market/

DYOR

RRBB, as always because it is not in your experience, you think that you know.

I am in a company that was in bed with a very large multinational. The technical people on both sides agreed what needed doing and how to do it over a period of time, who owned the IP and so on. From the technical people agreeing everything to getting it signed was 18 months because the legal and accounts department kept moving the goal posts. All well in the end but that is the way with multi-nationals: there is no one decision-maker, everything is a collective. Everyone wants their tuppenneth and things either never happen or take forever. They play games internally and everything is a turf war.

DYOR

zzzzzz

DYOR

Https://www.kitco.com/news/article/2025-05-27/gold-will-reach-4000oz-silver-will-hit-40oz-toward-year-end-global-turmoil

DYOR

No drinking RRBB. You have me mixed up with your Sock Puppet.

Everything comes to he who waits..

zzzzzz

Look Really Really Boring Boy, you need to understand a lot more than you do. A couple of things:

1. It is really difficult for companies like Big G to buy someone like RRR. They have various departments it has to go through and a process they have to follow. How would the accounting department and legal department sign it off. "Oh yes, we did something dodgy so lets buy the company!".

2. If anyone came in with a bid for RRR, the price would be higher. It is standard that there is a takeover premium.

3. Big G's legal people will advise doing nothing whilst there is any possible doubt about ownership.

4. To take over RRR, Big G would have to control 50% plus one share. How would they manage to get to that?

DYOR

Https://x.com/i/grok/share/zrqvhoicW4liwoA6upAr7c3Bz

DYOR

Maths is pretty good: like I can work out what the claim against Glencore will be. How about you, WGPQA? What is the quantum of RRR's claim against Glencore?

zzzzzzzz

*bail.