Member Info for Helpful

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DYOR

Let's stick to stuff we both know to be true: you don't know and/or understand what a share premium account or how it works.

zzzzzzzz

$4,940

DYOR

RRR sold it's gold royalty on El Limon. It has sold it's licences in CDI; we are waiting on completion.

Next will be Oz and then a deal on Kenya.

DYOR

It has sold plenty.

DYOR

$4,924

DYOR

I remember in the good old days when someone was telling me I was ramping gold at $1,900.

DYOR

¢4,915

DYOR

$4,903

DYOR

$4,788

DYOR

Boring Boy, it is not to buy back shares in the share premium account. If you really are the World's Greatest Part Qualified Accountant as you claim, you would understand what the Share Premium Account actually is. You quite obviously don't. There are no shares in the Share Premium Account. The Share Premium Account is a monetary credit to help balance everything out using double entry book-keeping.

The Share Premium Account is the accounting credit for the difference between the nominal value of the shares issued and the actual price paid when the shares are issued.

https://x.com/i/grok/share/87715dbfc19244c386d5b109bbbafa91

I know you said you are a bit rusty but you need to hold of some WD40 super-strength and get working it hard.

If RRR gets the necessary authority and proceeds with share buys it can do it two ways: it goes in the market, buys shares and cancels them or it does a reverse tender or reverse rights issue and cancels them once they have bought them. VCTs do share buy backs as a standard thing. If you knew absolutely ANYTHING about market practice, you would understand this.

zzzzzzz

As I have said before, I find it hard to believe that you are really this dumb.

DYOR

That just confirms, yet again, that you don't know what you are talking about.

A share consolidation is not a share buy back. They are two entirely different things.

https://x.com/i/grok/share/3a0ca4e8f8724e249f56739a0574c4bf

This is one of your standard ploys: prattle on about something that makes you feel important, get picked up as talking nonsense, start prattling on about something adjacent or tangential in a vain attempt to cover up.

Pathetic really. Anyway, back to looking at a Tungsten, Antimony and gold deal. Looks okay so far. Here is hoping you have a really good day or at least a better day. Want me to tell the guys to keep you fully informed? I know you like to know about these things. Done your research on Halo yet?

zzzzzzzz

DYOR

To enable share buybacks, RRR and any other company has to go through a process. That involves going to the High Court and spending money (not a lot but some). A company wouldn't want to go through that process unless it knew it had shareholder support for it. The vote will give the company the authority to pursue it or not.

If things work out: VUP money, Glencore case, housing JV and new licences, then RRR will be over-capitalised. It has two ways of dealing with that, it pays dividends (not tax efficient) or buys shares back and cancels them

You would only buy back shares and cancel them if you thought that the market undervalues the shares. See UJO, POW and others. AST did it differently by issuing preference shares with the right to any proceeds from the case against the Slovenian Government.

Up to the shareholders. Note that the most prolific posters on here are not shareholders. Some remarkably tedious posters have never been shareholders.

DYOR

*share buyback....

TDQ, none of that changes what a share consolidation is and what a share but back is.

zzzzzzzz

CAD2.16 up 8%

Leak re the copper drilling results?

DYOR

The stupidity knows no bounds. An expert on everything and an opinion on everything but knows nothing.

A share consolidation is not a share buyback, they are two entirely different things.

https://x.com/i/grok/share/c7b648baf46a4c18badc14d8ef1fdc24

I don't know why you continue to do this to yourself.

zzzzzzz

DYOR

Finished at CAD2.00

DYOR

Boring Boy, how do you get everything so wrong? It is "sleight of hand".

Notice you have gone quiet over at Zephyr.

zzzzz

CAD2.00

DYOR