RE: Soma Gold14 Nov 2025 19:58
Banburyboy re-RRR book loss on sale of royalty it is not a loss of circa 1,000,000 as you stated but a loss of around 500,000 if no value is placed on the warrants
At this point the sale was made and both the one million pounds and warrants were received by RRR. IMO the warrants (for now) and not material. RRR has pending issues which can IMO be very signficant (DRC cash award, DRC new mining property, continued progress on housing JV)
So hopefully there will be news within the next week
The loss figure was readily available since RRR also note its historical cost in its news release in September announcing the sale of the royalty
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From RNS made by RRR---We believe that the price of c USD1,350,000 plus warrants is a fair one, giving the mine owner a discount to the Β£1,500,000 at which the asset is carried in our books but accelerating the payment to us and removing our exposure to performance risk of the gold assets concerned.