Member Info for Helpful

Boring is just being precious. It seems his name is Simon. Peter is someone else.

$2,715.28

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Well spotted Ors. The President was in Harare earlier in the week.

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Boring Boy, "I am much smarter than you give me credit for" well it wouldn't take much.

This really says it all, your raison d'etre.

This is not about RRR and all that good stuff but that just can't abide being shown up.

ACA: if you had anything about you, you would be FCA and not ACA. I deal with FCAs on a daily basis and they don't come up with the drivel that you do.

What was that about you being involved with Coventry Building Society deal? Are you Rachel Reeves with deep voice?

To give you an idea Boring. I am involved in a world beating technology company, not going to tell you who because being the obsessive you are you will just try and cause problems. They are about to sign deals with leading multi nationals and I am involved in discussing valuations, valuation methodology and value inflection points. I also discuss funding structures and funding sources explaining the limitations of different funding sources.

No, they are not chasing contracts or deals: they have people knocking on their door. It is about maximising the exit and the timing. The FCA involved is all ears because it is not his area

Again, not to make you feel small because I know you did serious money in Zephyr but I put £130k in and it should be a 15x 20x. Who knows but there or there abouts. The issue is whether to do the funding for mass production and take 50x 100x down the road and be locked in for several years with a load of risk or take the 15x 20x now-ish: likely Q1/Q2.

I will make decent money out of RRR and you might make the price of a decent Sunday lunch in London. Why? Because I don't have the ACA mentality and I will take risks. If it doesn't work out, that is just the way it goes. I was discussing FML with one of the other guys: I said to him, anyone who is willing to do this has serious mental issues. We laughed and did the deal.

Bottom line mate with your £250 investment mentality is you just don't get it. I do decent monies and if it goes wrong c'est la vie.

xx

Cheque is in the post Ors.... For the trolls amongst us, I probably haven't issued a cheque in 15 years. It is what is called levity, humour etc.

Since when is 47% 53%.

So you are admitting another falsehood?

What happened to the statement that I disclosed inside information by commenting on the 25% local partner? So are you going to admit another falsehood?

Racking them up today Genius.

So to reiterate Captain Brain Box:

if as you state we have 53% and the local partner had 25% from day one, making 78%, leaving RRR with 22%, why is it listed in its accounts as a subsidiary? You are the Mr Super Accountant (I only did 3 years of Finance and Accounting as part of my degree) not me so maybe you can answer this question. Is ALR a sub co or not?

The accounts will be out soon and lets see what it says about ALR.

DYOR

Boring Boy, you really are a plank. You are getting your subs mixed up. You just said that I stated I had 10% of FML and now flipped to ALR.

Anyway, you need to get a cup of tea and a choccie biccie, have a sit down and recover what is left of your brain cells.

Again, I get accused of disclosing inside information when the information is in the public domain.

https://www.lse.co.uk/rns/RRR/lithium-subsidiary-established-assets-acquired-da71ovpj00pun69.html

"Ø African Lithium Resources Pvt Ltd ("ALR") has been established as a 75% owned subsidiary in Zimbabwe with a local partner."

So the information was so inside that RRR put in in an RNS 24/03/2022 confirming the establishment of the subsidiary. A really big secret Brain Box.

DYOR

Boring Boy, can you point me to the post where I said I had 10% of Faso Minerals?

If I remember rightly, I said I will tell at a time of my choosing because I know it will annoy you. I might be wrong but I think that there is nowhere where I have stated my percentage holding in FML is 10%.

I might tell you in January once the heavier kit has arrived and they have some decent production going. It will be my Happy New Year present to you.

DYOR

Banbury, do you really believe the stuff you post?

Where did I say production this week? And in any case, the week isn't over. See the post from AB showing on site activity.

Your English really doesn't seem up to it or maybe you are doing your Nelsonian Knowledge thing again.

xx

You know the people who saying BF and Billings was all a spoof???? Yawn!!

https://x.com/ABell2019/status/1859971064144748899

DYOR

Doggie, I find it amusing, the nonsense you FWs post.

Look up the FCA definitions about Insider and Inside definition, it is not what you think.

So if posting false and misleading information is the issue, what about you and the other trolls posting 24/7 about placings, suspensions, the NOMAD withdrawing, scandals about side deals, Bell giving the company assets to family members and so on? Dodgy ground.

My view is that several are at risk of a claim for tortious interference.

DYOR

"He and mates own 53% of ALR." This is not true. RRR continues to treat ALR as if it were a subsidiary and therefore RRR's position must be that it owns at least 50% of ALR. So if we owned 53% and RRR owned at least 50% then that would be 103% of the issue share capital plus there is a local partner who owned 25%. That would mean 128% of the issued share capital. I know he is supposed to be Mr Super Accountant but even he must realise that what he is suggesting is a nonsense.

I am reminded of the punchline, "a statement so idiotic that you would need to be an intellectual to believe it".

As usual, spreading falsehoods. Isn't that supposed to be my forte?

DYOR

Not read what they are drivelling on about. But it is worse than just the price drop: the Zim Govt charges royalty based on a notional minimum price. The royalty has to be paid before the material can be exported. So if the actual price is lower than the notional minimum price it has the effect of increasing the percentage royalty. So the effect on margin is much greater than just the price drop once the actual price realised is below the notional minimum price.

Secondly because of the Houthis and the Ukraine war amongst other things transport costs went through the roof.

So you had a double whammy made worse that ALR intended to sell in the spot market. This meant that ALR could be in the position where it might have incurred substantial costs up front and that by the time the cargo landed it was making a substantial loss.

The original plan to sell at factory gate was much better and easier but negated by Zim Govt rule changes.

RRR/ALR did the right thing by suspending activity.

DYOR

Ok Boring. I might take lessons on morality from you if you stopped knowingly misrepresenting others and the company in pursuit of your self importance. It is becoming systematic.

Anyway, good luck with your lunch money. NB Billings has two other RRR members of staff with him so it is at least a three man band

DYOR

Https://x.com/ABell2019/status/1859911604806340992?t=MRseSfcHB_x0C_TtxacM4Q&s=19

DYOR

Boring Boy, I see you were holding forth with your accounting expertise on the Zephyr BB. Seems over there you reckon loans between a holding company and a subsidiary is no Biggie! How times change!

Suspension doesn't make much difference: the money is still owed. NB I am only allowed to post this with kind permission from Boring Boy. 🤣

$2,704 and heading north....

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$2,695

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