Member Info for Helpful

Speccy, the reality is that he has nothing to complain about and AB has nothing to explain.

The charge is held by Prime Resources Ltd registered in Gibraltar, company number 120752 address 741c, Europort, Gibraltar, GX11 1AA. The document is on Companies House entry for Red Rock Resources: anyone can open the entry and download the document. In the document it gives the company's name and its registration number: the reason for both is to uniquely identify legal ownership.

It is signed by one Liam Bulmer, an executive of Riverfort.

There are a number of Prime Resources companies around the world; UK, Gibraltar, Cayman Island, Panama. The UK one has its registration number 09963302. It doesn't matter who is or isn't a director of each of the Prime Resources companies, there is only one that holds a charge and that is the one in Gibraltar.

The rest is just made up fluff by someone who is not a shareholder and wants to cause problems.

DYOR

Ah Dukey, can we pick up your nonsense from the 2nd of December? You were alleging that my numbers re the royalty from El Limon were based on total production from Soma Gold and not just the production from the El Limon Mill and therefore I was misleading people. Below, was my response:

Don't worry Dukey, I excuse your complete and total ignorance

The 8k Oz for 2024 and 12k Oz for 2025 are Soma's own figures for production from the El Limon plant once it has been moved to the El Bagre site. The production from the El Bagre mill is separate.

In 2023 the production from El Bagre will be 35,500 Oz: https://twitter.com/SomaGoldCorp/status/1730241215101096371?t=oKTt2HE6MtaZHI2KGTsI1g&s=19

If you put your beer glass down and actually read something occasionally maybe you would know something and wouldn't look a spherical door handle all the time. To be fair you are part of a club on here who know everything whilst knowing nothing..

DYOR

Can we now agree that your comments were incorrect and either uninformed or malicious?

PS Boringboy can do one and I hope AB gets a Norwich Pharmaceutical order and sorts him out.

PPS being a man of your word are you actually every going to pay that £1,000 you owe to Christie's Hospital?

xx

100%

FYI H50

https://www.defamationagainstacompany.co.uk/defamation-by-shareholders

Https://twitter.com/graddhybpc/status/1729429303576629439?t=UtldU6qli3Vi0oFHJxzMsw&s=19

DYOR

Touched $2,089 earlier, currently $2,073...

https://twitter.com/proactive_UK/status/1731598729633829239?t=cuyMGQF6X8wLktstBSH3aA&s=19

DYOR

Hey CaptKock, I know where you got the 0.1 g/t from and it was from the RNS I posted below.

The RNS did not say the results were 0.1 g/t it did say that results above 01 g/t indicated a zone of gold mineralisation and therefore a KCN Bottle Roll test should be done.

I posted the section from the same RNS giving the actual grade results. Nice try at misleading people.

DYOR

Ok CaptKock, just to help you sleep better: you can do a volumetric analysis of the current model vs what was mined and then look at how much gold was produced at Berringa you can do a comparative volumetric analysis. Likely it means that there is between 500k oz and 2mil oz at Berringa to be recovered.

https://markets.ft.com/data/announce/full?dockey=1323-15640721-0ICF03LLNIRD7VLP7HI18I0BSA

"Berringa Gold Mine which has historical production of 293,250 ounces of gold (Au) from 1898-1952 at an average grade of 8.3g/t Au.1"

NB the gold is nuggety and that likely means that there was flowing gold at one point.

https://www.geologyin.com/2015/09/how-do-gold-nugget-form.html

If there was flowing gold then it tends to pool at lower depths and the grade tends to be higher. So it could be that there is substantial gold at greater depth and at better grade.

DYOR

Cat got your tongue, CaptKock?

CaptKock, so we have 5/6 gold assets and you want to talk about NBGC?

https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/xood69x

All drillholes returning gold mineralisation in laboratory assay test results.

Multiple gold (Au) mineralised intersections were encountered including drillhole BE23D002 which returned 5.2m at 2.38g/t Au including 0.2m at 34.76g/t Au, and BE23D006 which returned 3.5m at 5.43g/t Au including 0.7m at 23.9g/t Au.

Key objectives of this drill programme have been met with drilling successfully intersecting the down dip and along strike extensions of previously mined Berringa gold mineralised quartz reefs. As the gold is hosted in the quartz reef the identification of a larger volumes of quartz reef is a positive development.

They were drilling for structure not grade: what does that mean? They had a 3D model of the where the gold was: the drilling was to confirm that their model was correct and it did. What does that mean? Well means that they know that they have a substantial ore body based on the model which has been shown to be correct.

https://youtu.be/825WYdDVdyQ?si=WSMw5LGN-YEzwSqj

Berringa is only one licence in Victoria. I suspect that they will next decide to drill to prove up a JORC at Berringa. So the discussions will be where they should drill and how much drilling is needed.

The gold price means that it should now be easy to sort pre-IPO funding and sort a listing.

And I think it is the weakest gold asset that RRR has (only my opinion).

DYOR

So as I am waiting for a call.....

Macalder

68,000 oz of gold at current prices $140mil

1.385 mil oz of silver at current prices $35mil

1.424mt x 0.3% = 4,272 tonnes of copper: at current prices that is $36mil

The value of the contained metal in the Macalder Tailings as per the JORC is $140mil + $35mil + $36mil = $211mil.

Probably costs about $6mil/$9mil to start processing. My view is that once the Kenya licences are renewed we should sell Macalder for what we can get. As I have said before.

DYOR

CaptKock, trying to change the subject and divert. Your mate Boring was talking through his fundament about Prime and was completely wrong about Soma along with Dukey.

Alluvial mining in both Burkina Faso and in Cote d'ivore. There is a JORC for the Macalder Tailings, no doubt you can quote the contained gold, silver and copper off the top of your head.

It doesn't matter what the grade is on any gold project, it just got more valuable. Gold is high fixed cost and responds well to increases in the gold price: marginal projects suddenly become very profitable with a rise of a couple of hundred dollars an ounce.

On the alluvial, the sort of production costs should be around $300/$500 an ounce but you know that because you read everything and you are an expert.

https://www.proactiveinvestors.co.uk/companies/news/16837/red-rock-resources-reports-75000oz-contained-gold-estimate-at-migoris-macalder-tailings-20245.html

https://www.proactiveinvestors.co.uk/companies/news/24459/red-rock-reveals-metallurgical-test-results-from-macalder-tailings-project-in-kenya-29213.html

The Macalder deposit was discovered in the mid-1930s and mined for copper and gold. In 2011, a JORC code-compliant ‘measured’ resource estimate was delineated, as follows:

Exhibit 2: Macalder tailings JORC code-compliant resources Measured kt Grade (g/t) Contained Au (Moz) Macalder Tailings 1,286 1.65 0.068 Source: Red Rock Resources. Note: 0.0g/t cut-off grade.

A scoping study was commissioned in late-2011, considering two base case scenarios, using new and used plant equipment, respectively, and a Mining Lease Application (MLA) submitted in August 2012. An Environmental Impact Assessment (EIA) is currently underway as part of the Mining Lease Application, which involves community consultations to gauge the opinions, concerns and expectations of the proposed project. Advanced metallurgical test work is also in progress, based on the recommendations in the 2011 scoping study report. The main purpose of the test-work is to understand any variability in the recovery of gold from the tailings and the effects of copper in the system. Cyanide consumption, leach optimisation time and carbon loading is also being analysed,

The copper grade was 0.3% and the silver content was 1,385,000 oz at 33 g/t but you knew that didn't CaptKock?

DYOR

Https://twitter.com/garysavage1/status/1731050814264037805?t=AtGqWUpL9i-ZoMURKe8sZw&s=19

RRR has five gold assets and one those is really two.

Migori

Macalder Tailings

NBGC

El Limon

Faso

Lacgold

👍🤞😎

DYOR

So Boring says that the UK Prime Resources Ltd and the Gibraltar Prime Resources Ltd are linked because it says so on this link: https://www.datocapital.com.gi/companies/Prime-Resources-Ltd.html

But it doesn't say linked or related, it says "Related by name": it lists four companies. One is in the UK, one in the Cayman Islands, one in Panama and the UK company is duplicated. If you go on Companies House UK you will see that there are a couple of Prime Resources that have been dissolved. The reason that the companies are related is because they have the same name. The stupidity is beyond belief.

So Prime Resources Ltd Gibraltar has a legal charge over RRR assets but the fact that there are other companies in the world that are called Prime Resources is a cause for concern.

Have you checked the others to see if there is anyone called Bell as a director?

Go on Companies House Gibraltar pay your £10 and you can see who owns Prime Resources Ltd Gibraltar: maybe two or three of you can chip in for the £10?

As to Edward Ross Bell, I have no idea who he is and it is irrelevant since Prime Resources Ltd does not hold a charge over RRR assets. Why not track him down, ring him up and make a complete tit of yourself?

If you weren't so stupid, you would know how to track people down: it takes longer to type this than find him: https://www.192.com/atoz/people/bell/ross/

Look at how many Ross Bells there are but he appears to be the one in Ilford: record 39.

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/Z75jl-tVa9Z-jADlL_D2izc8FjAi7dddZiXZTeolKQU/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3HXFLPZMG%2F20231203%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20231203T121250Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjENj%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJIMEYCIQD7f30uIYVW7u2Rl%2BV1vnLxf3YngvApe36r%2FVQ%2FYXb%2BSAIhAPUfqDmG1iFnsStBMGu25w7xfBEXvm5uCvVpoM4ss65TKrsFCEEQBBoMNDQ5MjI5MDMyODIyIgz5%2FZ2royfnRbsY0KkqmAWBxVB2SRqBalbifQw4BPme%2F4lBprlV9Ck%2F99oZIgbJXoT3TNhHKNi8ztz5e7OGzNOwQxEA8ffUchrA2s7BeEKCfVRRpuF2s9ewKADYCKj%2BnUcqEV9pFivLLoIQt3MvHQ3wCUJq6QkrQ%2FIJtmjDPPo1XgXyuNgtMLL8u5sF4ja5EEvvy%2BFvGMCaqbLZsw0atdrzrUy0M6Ay0D20hB6CHiK3UZr%2FDScB66u6C00WJ8PUoVN8JBZplufJweIr4h9s96Un1f8Q9Oqm9w5xcchvtJCtRqEOeDsCsQo%2ByLzqIzXmOS%2F9BMIC77pvW7gtdCOvAHu9eGFYEKo%2FwpXaACPUXvZ7tBF%2FS5fTvOjuH7PDxpfSRUtkVazTa0cc1gpwj1T%2FxpCv0qgR8nFPG9pgKGo21TF063bZlrr6samNMdLUmv30dOraVMgGSqmBiPw1pswsFv6enP4QGqpV6lwNJVROvFBWKp65LRBxXDLOZSbV1%2FYyD03uVbIXI88Uie2NYK2aXbeG6Rk2Yh9JKKpJ6Qs5DrZq9JNowRdGDZ0r9Zqak0Y1iYtWq5F3vUChppxQYQFRHxBGuT54npvCEfovV5eSb%2F%2BTOTznGrW4ZLguijSjAkKS7IgatuN6UPNX81q%2Bn4%2FsGrRcCU%2BRsuTk0yQV5PPyulPKXVbcINuJ0PK9smbRJuAg58lN2ElbZUQ4NxQ4aVEssnHgC%2Bw4PMBcVM34hsyYu4TUr2D95G%2FOwlTcl4WKduLhl%2ByjchwRqL%2FeujoX4igO9qLUdU6aTLl8kZNVJ1ZQNaMmSKqiuqLAemGcWkyvOmWkeJBxqHbbumFnkSEAYKZF9FYYn4%2BsizSH2fKqTodxt1c3t9HrQLY6hl9z%2FRlNcwnfXbqRbDtEnm1hMKvZsKsGOrABM2t75WLiMwfCuOe%2BBCCMa

So here I am minding my own business on a Sunday morning and I get messages from someone asking me about Boring Boy's lies....

Boring has a model, he puts out lies that he knows are lies, he gets put right and then comes out with the same lies again a few days later in a slightly different format. This lie has been covered on here several times. If someone keeps repeating a lie, when does it become tortious interference?

The way to check is to go to Companies House, go to the RRR page and click on "Charges": all companies have to do this. On the charges page you will see one charge: if you click on the charge you can download the charge in pdf. In the pdf you have the name and address of the parties.

https://find-and-update.company-information.service.gov.uk/company/05225394/charges/5SZIxLsuJTvMXz8Ya1ZtOhrOjoI

It gives the date it was created, the parties involved and the name of the person who signed it. The person who signed it is one Liam Bulmer.

Liam Bulmer works for Riverfort: https://www.riverfort.com/team

The address for Prime Resources Ltd is 741c, Europort, Gibraltar GX11 1AA.

Boring Boy lies through his teeth on here, because he has nothing better to do.

He goes on about Prime Resources Ltd in the UK. A company only has one registered address, it can't be simultaneously registered in the UK and Gibraltar.

You can go on the Gibraltar Companies House website to do a search if you want, it will cost you £10 or can just search online: https://www.datocapital.com.gi/companies/Prime-Resources-Ltd.html. Note that the post code is the same as the one given in the charge on Companies House UK.

DYOR

Don't worry Dukey, I excuse your complete and total ignorance

The 8k Oz for 2024 and 12k Oz for 2025 are Soma's own figures for production from the El Limon plant once it has been moved to the El Bagre site. The production from the El Bagre mill is separate.

In 2023 the production from El Bagre will be 35,500 Oz: https://twitter.com/SomaGoldCorp/status/1730241215101096371?t=oKTt2HE6MtaZHI2KGTsI1g&s=19

If you put your beer glass down and actually read something occasionally maybe you would know something and wouldn't look a spherical door handle all the time. To be fair you are part of a club on here who know everything whilst knowing nothing..

DYOR

Https://finance.yahoo.com/news/wall-street-banker-pays-2-215927737.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFBzJPgZKJeCqpvRI7M0y-t-AZAT9wFBK4AjDNaRPYcVEy-DTn-6KLt3ojzz_HyfMZfpD7NmiqzJ6fzpTmsjLxBy-xUwIge1jzmxWY1iCmpM2k9eBse_5CwjAanJ0VXepDFfF1_bd76Wl6YqLc8DULdrOWDQ24UEG9cQnAvUmlTt&guccounter=2

Hey, if only we had something like that: picked up something cheap and then found we had lithium and REE on it. Life is a lottery, you have to be in it to win it. Look at Juno Minerals now all excited about lithium on its acreage.

We did have something similar on Tin Hill to be fair.

DYOR

All about marginality. You can do the numbers yourself.

Soma Gold say that they are moving the El Limon mill from the El Limon site to the El Bagre site: they also say that that they will produce 8,000 oz in 2024 and 12,000 oz in 2025.

They have said that their all in cost is in the $900 per oz area and so at current prices the margin is about $1,100 per oz. So multiple out 8,000 x $1,100 for 2024 and 12,000 x $1,100 for 2025. The royalty is 3% and so that works out at $264,000 for 2024 and $396,000 for 2025.

However, that is using their all in cost but what we have is a Net Smelter Revenue Royalty: some of the all in costs would be excluded and so the figures above would be the lower end of outcomes (assuming prices are stable and Soma does what it says it will).

So I would expect somewhere around $300,000 for 2024 and maybe around $450,000 for 2025.

Soma have also said that they expect to incur capex to increase the output for both the El Bagre and El Limon mills: so 2026 and forwards might be higher.

Each $100 rise in the gold price adds $24,000 in 2024 and $36,000 for 2025.

RRR is owed just under $3mil: the first $2mil is paid at the rate of 3% and the next $1mil at 0.5%.

The royalty is paid quarterly in arrears and so we would expect the first payment during May 2024.

There is a deal to be done to buy out the royalty that would suit everyone.

DYOR

Https://twitter.com/TaviCosta/status/1730734509048410605?t=66ElqHL6KxT_Bq6f4gQrrQ&s=19

Gold finished at $2,072.......

DYOR

Obviously I can't comment on any placing especially if I knew. The trolls have been saying for months that a placing was coming: maybe RRR can wait for the DRC cash or do something else? I don't know but RRR has several assets that people are interested in, as the company has said. Maybe it is FUM for the shorts

🤞😛😎

DYOR