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"He doesn't seem to ever mention it", perhaps not in tbe present tense, "Slipped his mind" - implication he forgot to ever mention it but in reality it is known it was mentioned and "ever mention it" was chosen instead of ever mentioned it.

Moving the goal posts Banbury, you used to recommend.selling the El Limon royalty.

Correction of first paragraph re. 19:53:

... all good RNS' from RRR with clear details for why Banbury is wrong...

29/04/20 (7:00), 09/01/23 and 13/03/24 are all good RNS' from RRR with clear details of why Banbury is wrong earlier today at 16:34 and why he has been wrong in recent days when trying to suggest RRAL is going private.

RRAL - Red Rock Austalasia Pty Ltd - has always been a privately held subsidiary - even when it was to become a joint venture as detailed in the 29/04/20 RNS.

The 09/01/23 RNS has a section - Joint Venture Structure - which explains New Ballarat Plc, and RRAL - the privately held subsidiary.

The 13/03/24 RNS detailing the deal for RRR to buy out POW's 49.9% stake is more confirmation that RRAL is a privately held subsidiary and so Banbury at 16:34 was not agitating about a potential change in circumstances relevant to what he was saying - regarding RRAL and in regard of the actual current curcumstances.

Section 11 of the 13/12/24 annual report also provides useful elucidation.

Re. 18:10 yesterday - to be fair, even though RRR is now the only shareholder - if for example it's shareholding consisted of 100 shares or any numner if shares greater than higher than one - it may well still be New Ballarat Gold Coporation Plc. I might have wrongly asumed it had been one share held by RRR and one share held by POW on a previous, approximate 50/50 split. RRAL the private subsidiary had 100 shares - which were were split 50.1 abd 49.9% between RRR and POW - detailed via RNS on 29/04/20.

16:54: Banbury - maybe you are "Dukey's contact" - who wasn't at the AGM - you asked him you buy a pint of bitter for you in 2024, via this share chat re. "the pub group".

16:34: No, "multiple approaches", fibster.

... in my opinion a way in to the fund raise for RRR...

The relevant part of sectlion 17 - 13/12/24 - the mill had not re-started - the anticipated receivable though not paid in cash was, in my opinion, a way into the fund raise by RRR which gave them an option for the warrants, yes RRR would have to pay to exercise them if they want to in future but I don't think they had to pay out of their own cash holdings to to have exposure the Soma fund raise from earlier in the summer - exposure to the fund raise was a pre-requisite for the warrants, I think it was a subtle part of the deal.

11:30 - a calculation in USD's - the 2 miillion figure was close to the book value in pounds referred to by RRR - 12/09/25 RNS, turns out with the current circumstances - no operation from the mill, ongoing stike, it was a fine sale.

No it wasn't at a big discount, all you have do is look st section 16 and 17 of the RRR annual report 13/12/24, read RRR's RNS announcing the sale of the royalty and Soma's announcement in the summer regarding the 15 miillion rasied - in my opininion - ditto - the amount expected to be received by RRR from section 17 (if memory is correct) - 13/12/24 - big discount? or a convenient way to have exposure to the Soma fund raise and option of warrants.

... 21.5m X , variation of 22.5m ... ✅

23:59... clumsily put by me re. percentages (risked IPO imagined) towards the end of that post - it was with regard to the 50.1% stake - 19/01/23.

Well that felt a bit like two plus years to get right or a couple of days in Britain.

Cheers : )

Yep, good point re. El Limon Spec, it was £0.8 million on the broker's note.

Thanks for the response as I can now see my mistake at 16:53 regarding the pre-market capitilisation of NBGC - it was £15 million on the broker's note for the entirety - I had a logic - numbers hiccup when I read the brokers note - previous time it was discussed before today - misinterpreting RRR share before a risked IPO - which was calculated in the broker's note.

It remains the case that RRR's shate of NBGC has approximately doubled and last I saw the gold price has slightly more than doubled in $ terms since 19/01/23 on day that report published - which I presume has also increased in same percentage - £'s so £30 million upwards including profits derived ftom original pre- market capitisation with a nod to potential profits if 25% was taken off for a risked IPO based on totality it could be 21.5 million, upwards perhaps in consideration of potential profits. On the other hand when that 25% off of total value for risk consideration i.e. 75% value remaining - 19/01/23 - in that imagined circumstance it was at a time when gold was just over 1,900 USD per ounce but today it has been above 3,900 USD per ounce.

If it does IPO and the name stayed the same: RRR's percentage of ownership of NBGC may have changed by then but it may be in a more comfortable state by dint of that possible happening.

Yada yada. RRR completetely own New Ballarat Gold Corporation, they did a deal to acquire POW's 49.9% of the joint venture - RRAL - this completed as per RNS of 19/06/24 - the holding company of RRAL - New Ballarat Gold Corporation Plc has now become New Ballarat Gold Corpration an entirely owned subsiduary of RRR - the joint venture that was RRAL is no more because RRR have completed the 100% acquisition of what was the holding company.

Whatever the actual value of the NBGC asset, it is an undeniable fact that RRR's ownership of that asset has approximately doubled, it is an undenaiable fact that the $ price of gold has more than doubled since the day of that broker note - 19/01/23.

Excclusivity fees have recently been paid in respect of separate gold asset(s) pertaining to RRR because person(s) believe they have value and they are more interested with regard to perceived value of such gold asset(s) than they are interested in wheat in relation to such assets though another type of dough 💰 might result.

It is also true that a decreased amount of payments in relation to the buyout of POW's 49.9% stake - already acquired - remain due - the totality of which are of lesss value than the £1 million received in respect of the El Limon Royalty - which was confirmed as received by RRR on 22/09/25 via RNS.

The post at 15:47 was less meaningful because of the RRR RNS of 22/09/25. Also, occasionally, a broker note from january 2023 has been referrred to with regard to RRR: on that note the pre-market capitilisation of New Ballarat Gold Corporarion Plc - relative to RRR's 50.1% share was estimated to be £15 million; the gold price has more than doubled since the day of that broker note - 19/01/23 and RRR's ownership of that asset has nearly doubled, given than they now also own the 49.9% share, previoualy owned by POW, of RRAL pertaining with the same proportions to the New Ballarat Gold Corporation asset.

I'll provide a date Banbury - 15/10/24 - you recognised gold production (following from the 07/10/24 RNS) was a target. A target is not the same a promise. You have intensified your critiques sometimes to the point of distorted attacks, with underlying inconsistency, as time has passed.

13:03: that conjecture already has the past aspect of negative contortion.

Re. 12:11: Presuming RRR is a going concern for the next couple few weeks and beyond, they will not miss that "timescale" - being in existence as a publicly listed company when the middle of October arrives. Other timescales in past history between a naysayer making a negative comment implying RRR slipping off its public listing or going in to some kind if stasis and RRR continuing to get out annual reports and half-year reports, in time, have been aspects of timescales which are pleasing parts of reality. On any day in any given month there might not be a RRR RNS but history has proved so far that after such a day, another day has followed when there has been an RNS and we only have to go back one month to see there were some days without an RNS followed by another day with an RNS in the same month.

We are another day closer to the middle of October, following the RNS of 22/09/25.