Member Info for NikeAir180

Re. 06:28: Banbury, one loan of 50k at 0.5% daily interest and one loan of 150k at 0.5% daiy interest is significantly different to a loan of 200k at 0.5 daily interest due to the amount payable for the daily accumulation of interest - same rate but a different intitial figure that would start from.

An opinion regarding initial gold production or test gold production wouldn't be a known fact but is possibly the case given recent RNS', not all developments require a separate announcement as 06/11/24 RNS explained and start up equipment paid for and arrived in Ougadougou as per 18/11/24 RNS, manager of operational team had good meetings with officials as per StockBox interview 23/11/24. Some of your statements can be disproven because you have often strayed from original comment, and if they can be oroven otherwise that would suggest you were presenting a different meaning compared to original comment.

Err no.... Banbury 18:36 absolutely not 200k at arrangement fee of 30% as you claimed with similar variations 15/01/24 to your 18:36 conflation with incorrect explanation.

50k at 0.5% daily interest rate with 30 percent bonus repayment.

150k loan at 0.5% daily interest rate with 0.25 bonus repayment.

On the other hand two loans at 20 per annum interest rate: 100k and 1 million and 50 thousand - perhaps the lender(s) lent with confidence of repayment.

Section 18 of the annual report 13/12/24 will confirm what this post is correct and that Banbury has been repeatedly incorrect.

So... unwise to dismiss a positive poster yesterday on the basis of their assumption as a liar - in reality might be right but might not be.

You do not know Banbury that there hasn't been any production or test production yet just as I and other positive posters do not know if there has - just guessing until relevant RNS.

You do know, though, Banbury the true status of the two 0.5% daily interest loans, that 50k was at 30% bonus repayment, that 150k was at 25% bonus repaymebt and so not 200k at 30% arrangemnt fee, you got it right when commenting on it much closer to when the 2024 annual report was released, seems like, particularly after I have repeatedly corrected you on this issue, that you are trying to give it the worst spin; also: total debt contains current liabilities but is a mixture of current and non-current liabilities so not irrelevant but perhaps a moderately different spin.

After the reporting period as per annual report 2011, El Limon was profitable following RRR changing the management of the operating company. Profits wre detailed in the annual report of 2012 at approximately 450k with approximately £230k attributable RRR re. El Limon.

The royalty for El Limon if it activates is a legacy from a successful project which was sold with the idea that ultimately production would be scaled up - which Soma hope to achieve.

Re. 11:05: Profit after tax for financial year of 2018 of £78,120. Profit before tax for financial year of 2020 of £5.156 million as per the annual reports so it is not a lifestyle company over the years as you described plus the metric I referred to is not, in my opinion, the only means to assess valid effort for a junior explorer mining company.

Re. 09:05: that is not completely true, the calendar yrar - beyond just.the reporting period saw a rise in the share price from 1p to 14p as detailed in the Chairman's statement in the 2010 annual report... 2010 saw profits of about £3,500,000 and 2011 (re. annual report) saw profits of about £14,00000.

Https://www.distance.to/Mbuji-Mayi/Tshikapa

30/12/24... easily coverable distance.

Re. 17:27: to the ad hominen guy. 30/12/24... approximately 193 miles as the crow flies, approximately 263 miles by car. More accurate to have converted km's to miles... a couple of hundred miles away on 30/12/24 is really not that far in a country ten times the size of Britain.

Re. 15:39: 30/12/24 Banbury, is not the same day as 31/12/24 and a few hundred miles away on 30/12/24 is not that much in a country which is about ten times the size of Britain.

As per 13/12/24 annual report - gold production is a current priority...

Family includes immediate family and wider relatives. Familial links can extend through a clan or tribal system, this could be thought as wider family, also kin. Clan relatives and tribe relatives could be closely tied to an area of land within a country, perhaps a region or city.

RRR's tweet on 18/12/24 did not mention Christmas but several days which would natuarally include seeing in the new year.

Re. 18:36: Greenland sale didn't go well - eventually sold for a pound - first half of 2018 and think it was on June, fully impaired but ironically that was within a good recovery year, overall, a strong and profitable year for RRR as confirmed by the 2018 annual report.

Re. 15:03 No Blueboy1975, different cities in the same country... there was no contradiction.

Different operational team since then, different plan with smaller scale start up, not the same equipment / stages.

First batch of equipment paid for as per 06/11/24 RNS - arrived in Ougadougou as per 18/11/24 RNS, more equipment for the purpose of scaling up production with six months spares was intended to arrive for middle to late january 2025.

If a person had some expertise on a specific subject, competence would likely be involved - when explaining subject matter, from genuine knowledge.

I see what you mean, that would be from the large sample before selecting to view more trades, but the majority would still be buys assuming 0.036's were buys. I can confirm one of the 0.036's in the last couple of weeeks listed as a sell was my buy - checked it to the second and the exact price of the transaction.

Re. 18:27 - quite possible the 4.6m as referred was a buy, the poster reads the board and so it was an ironic joke saying "they were all buys".

Correcting 18:07: it is not 07/10/24 but it is in the first pargraph of Chairman's statement - 06/11/24 RNS where we are advised not all progress requires a specific announcement.

The fact that we have not yet heard about about test gold production over the last several weeks does not mean that progress hasn't been made and only the next relevant RNS might yield more on that.

Re-reading the Chairman's statements from the previous two annual reports - 2023 and 2022 was quite useful, particularly with regard to 2022 and his comments on the Auaustrailan licences, he explained one option was to sell but another option was to buy and consolidate into one partner. RRR managed to complete the second of those options in 2024 after choosing that option in the same half of the year.

Regarding the 2023 annual report: progressing the prority gold asset for production didn't go as the strategy envisioned, they then adapted their strategy and changed their operational team with a view to do test production with smaller scale equipment with more substantial equipment (for scaling up production) to arrive this month - if they stay close to schedule on that.

There is a subtle difference to 2023 with how Bell referenced gold production at the end of his 2024 annual report Chairman's statement - saying it is a current pririoty. The 13/12/24 annual report with the closing comment followed relevant RNS' with regard to equipment and operational team / management on 06/11/24 and 18/11/24 and the 23/11/24 StockBox interview is in keeping with that.

The 07/10/24 RNS said within the first few lines that not all developments would have an update just focusing on each specific, we do not know one way or another if there has been test production yet - since the closing weeks of 2024. Perhaps we will know more, still with the opening weeks of 2025.