Member Info for Rickylfc5

When you look at the last accounts the short term liabilities are horrific (including $12m of trade payables) and the short term assets nowhere near enough to cover the liabilities. These transactions are giving the Company a little extra cash to keep things going but AC must be personally out of cash to do these types of transactions. A positive drill result has to be achieved (quickly) otherwise a disaster is looming

RRE will have nearly £25 per share in cash by the end of this year and over £40 2 years later. If AA uses the cash to buy further production then this could easily go to £50 +++

So by the end of the year RRE will have more than £300 mill in cash and within 2 further years in excess of £40 in cash (unless they distribute / spend) so these shares must be worth £40 - £50

RRE could easily be worth £500 to £600 million as a multiple of cash flows (roughly 4 x) particularly when compared with some other Companies in this sector

A bit like the annual report - loads of stuff about Director remuneration etc etc but no Divi for us despite there being 2 shareholder rewards last year - come on AA give us some crumbs for our patience

Break even for Live is around £9 million in sales giving a £3.4 million margin. Hard to see that happening this year so likely to need more funding (current liabilities are were high at the last year end)

That shoud have read Feb 18

It’s about time they gave us something back - Feb 17 they gave £1.50 and Nov 18 they did the buy back and so far this year we have had zero. A nice £2 payment would probably be reinvested by many of us when the suspension ends

Some interesting comparisons out there that show how undervalued we are
Looked at DGOC - Pre tax profits excluding (dodgy) exceptional one off gain were $100 million and recent market capitalisation was £800 million - RRE could easily do $200 million ++ and we are valued at £100 million

In addition to the CEO salary - the margins are now just over half of what they were last year - I thought greater volume normally and increased margins??? Can’t see this going ahead without a placing

Disappointing results - admin expenses too high / almost no cash left / placing ahoy / what additional profitability will the £8.5 million acquisition of Brightbricks bring???

10p coming i'm afraid. This year they need a near miracle of nothing going wrong and catching up on the bad start (which isn't going to happen) so it will be another loss and the debt becoming a bigger problem. How can an open cast mine with low local labour rates be so relatively expensive to mine at over $800++?

I am relatively new to the BB and I am looking to buy in (when the knife stops falling) Am I correct in saying that they are now fully funded to achieve their target of 4000 to 5000 BPD (equivalent)???

Institutional investors living the dream with this one (having bought up Pi's shares) - oh wait a minute, its falling by a few percent every day - is sub 10p on the cards. When will the Directors see the value (they quoted Hum to be a value proposition)

All that revenue and profit and cash, paragraph after paragraph about Directors remuneration (Bonuses / Benefits / Options etc etc) but f*ck all distribution for the shareholders / owners of the company!!!!

LEX - what makes you think there is a penalty?? I don't think 4 months to publish the AR is correct

How do they police the alleged holdings?? what proof is there that Hogan still owns 17 miilion?? (nominee accounts must confuse matters)

is turning into a mess - AISC were $1297 based on 23,800 ounces produced. Therefore even if they had produced 30,000 ounces the AISC would be around $1030. Q1 will be a loss and the net debt situation will deteriorat. 2019 looks an uphill struggle and relies on everything going exactly to plan which (bearing in mind the rainy season lies ahead) seems very optimistic. I wanted to buy back in but can't see any reason to do so (along with the Directors)

Just listened to recent interview with Mr Betts on Vox markets and more than once he described HUM as a 'Value Opportunity' - how come he (and the FD) don't see enough value to buy more shares in the market??

Very poor update - don't forget at the end of Jan RNS they said that everything was on track to produce 10,000 ounces in January so what went wrong. It cant be more remedial work if they produced 10,000 in Jan???
I think 10p is on the cards - sadly