RE: Soma Gold19 Nov 2025 06:56
So with Soma now allegedly making more progress, doesn’t the deal now look worse ?
Let’s be honest bigging up the warrants is hardly is hardly going to do anything for the SP, as I said the share price needs to multi bag for RRR to earn enough from them to pay 1 months running costs, so it’s nice if it comes off, but sadly Hapless knows RRR dont have the money to exercise the warrants, so imagine had lenders lined up who will then want the lions share of the profit ! Or AB could do a placing to get the money to exercise the warrants, either way it’s very small fry.
If they are hitting higher grades and finding more gold keeping the royalty may have been the better deal, although RRR would have probably gone bust if hadn’t had the £1 million so bit of catch 22 .
Holders must be hoping for an RNS of some sort today - Good luck !
For me the company is still in a very precarious situation and still very high risk, DRC money needed ASAP and unfortunately seems as far away as ever in my opinion !