Member Info for Helpful

Up another 5.88%. Finished at 5.4c. Useful.

DYOR

Https://x.com/afneil/status/1996670453763506610?t=hJwrG5GvO9KBdiQLDy9UhA&s=19

DYOR

Gawd! How you have the cheek to hold yourself out as some sort of commentator is one of Life's Great Mysteries.

It is "warrants" not "warranty". Maybe if don't understand the difference between warrants and warranty, you should go and sit down in a darkened room and reconsider?

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Sock Puppet, perhaps you need to tell Boring Boy that RRR did the correct thing?

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Boring Boy, as I said, you understand nothing about what you prattle on about.

The NPV calculation was based on the information in the public domain at the time. That information related to the Soma's declared intended restart date for the El Limon mill, the information it put in the public domain about the what volume of gold it would produce from El Limon, the price of gold, the percentage of the royalty (it changed after the first $2m from 3% down to 0.5%) and the likely NSR royalty (the NSR royalty is net of smelter costs). That calculation came out at about $2mil. In practice, Soma restarted the El Limon mill much later than indicated and likely still isn't a full throughput capacity. Because NPV is a time based calculation, if that information had been available at the time of the calculation of the NPV, it would have reduced the number to something below $2mil.

The sale of the royalty gave certainty, £1mil and the 200,000 warrants. With hindsight, RRR did a decent deal. Why? Well because of the delayed restart of the El Limon mill, because of the delays caused by the strike at El Bagre and because the warrants give full exposure to Soma's activities over the next three years and the exposure is uncapped.

If RRR exercises and holds, it might even up better off than if it kept the royalty. It will all be down to Soma doing what it says it will.

I know it will hurt to admit it but RRR did the right thing in selling the royalty and it looks better with the passage of time.

DYOR zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Boring Boy, this has already been explained to you twice but lets do it again.

The royalty was capped, was paid quarterly in arrears and based solely on either ore mined from the El Limon concession or ore processed through the El Limon mill. The delay in restarting El Limon means that RRR got a better deal when it sold the royalty because the delay reduced the NPV. The reduction in the NPV was because of the delay in receipt of the royalties. NPV is a time based calculation.

The warrants are for 200,000 shares in Soma Gold at CAD2.00. The warrants are uncapped exposure to everything that Soma does. For example lets suppose in December 2026 the share price is CAD10.00: then RRR would have a gain of CAD1.6mil. Converted that is about £800k and so the total proceeds would have been £1.8mil. That would be about USD2.4mil.

If you run the latest position re Soma through Grok you will get CAD5.50-CAD6.50 in December 2026. If you ask for the current valuation on the warrants using the Black Scholes method, Grok gives the number as CAD156k. Not my numbers sweet cheeks, calculated by Grok.

Anyway, I realise you understand none of this but maybe you know someone who does. Or alternatively, you could run everything through Grok yourself or you could study the Black Scholes method yourself, you know, that good old research thing.

Anyway, things to do. Very good dinner and drinks last night. Maybe you should try it. There must be someone who would spend time with you.

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DYOR

Tell us about DAL, if the nurses won't help you on Soma.

You were very keen to prattle on about it a few weeks ago. Well the deal has been voted through and now we await DAL closing the deal. Handily, the share price has moved back up, maybe you haven't noticed.

When the deal was announced on 15/10 RRR stated that the deal was 13.25mil shares and at the then price of 5.4c it was worth AUD715,500.

So the sp is nearly back to what it was. Funny how when it was going down you were waving your little trotters in the air but now you are silent. Still what matters is what the share price is when RRR decides to sell.

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DYOR

Well Sock Puppet, if you put it through Grok, you will get a valuation. I have done so but you can do it for yourself. Get one of the nurses to show you have to do it.

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This is a transcription of the video I posted yesterday. It was between the Swiss Mining Institute and Soma Gold.

https://x.com/i/grok/share/V9NDSAInsbwXFtKsG57DPdMOU

"This year, we're on track for about 25,000 ounces. Next year—our fiscal year ends December 31, so we're talking January 1 to December 31, 2026—we've invested heavily in operations, exploration, mining, and milling facilities. That positions us for 40,000 ounces, a significant jump."

https://youtu.be/fdvxyB6Duy8?si=RO6wI-gXO0RYgaWm

Note that this is without the ore-sorting kit and the higher grades they intend to put through their mills and without the planned expansion at El Limon.

DYOR

$11,440

DYOR

Foggie, don't forget the warrants.

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Interesting video I posted yesterday. If you listen through the appalling dub/translation, he gives a target of 40k ounces for next year (2026).

Soma finished at CAD1.66 yesterday.

As I said, there should be a lot of news flow. Next update should confirm that El Limon and El Bagre are at 100% throughput.

DYOR

The DFB is a geological phenomenon that goes from Southern Zimbabwe through northern Botswana and northern Namibia and southern Zambia out to the coast.

Throughout the DFB there are what are called "Whaleback Anticlines".

https://x.com/i/grok/share/QmDM41MXQWKXsuqfvTzNLLef5

Up until now people thought that there might be hydrocarbons but no one knew if there were hydrocarbons.

The next step is to test it and see what happens. This is relevant to a few companies.

A useful quote some might adopt, "better to post nothing and people think you a fool than to post and remove all doubt".

The whaleback Anticlines are typically 10-20 km in length.

DYOR

Currently up another 10.41%

DYOR

The new well is 75 km from Elephant's acreage.

DYOR

Up 52%

DYOR

CAD1.73 11.613% up.

DYOR

Https://youtu.be/fdvxyB6Duy8?si=S-74JLQGwBkgEP7o

Currently CAD1.70

DYOR

Look Trolls it is that time of year when people meet up, discuss the year just gone, have a drink and socialise. Spending your life on here, drivelling on about a company in which you hold no shares is not good for you. There must be someone who is willing to share your company, even if only for a little while.

Things to do etc

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Yes and you know it does. You also know it intends to pick up more as part of the PPP JV arrangements.

DYOR