Member Info for Helpful

$3,223

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No it isn't Foggie.

Look at Mako. Deal went through at 70% premium to the market. The "market", in that case ASX, consistently under values and over values companies and assets. That is why reversion to the mean is a thing.

DYOR

No Doggie, follow along.

Laura stated that RRR's gold assets were worthless and then WGPQA joined in: my whole point is that it is more complex. Whatever the value is, it is not zero. In production or not is not the sole deciding factor.

DYOR

JFK and Target, try and concentrate. The issue was, do only gold assets in production and/or companies with gold assets in production have a value? I gave an obvious example where any such assertion is incorrect. GGP is not in production and yet has a huge value.

Similarly, I could give an example of gold assets in production valued at almost zero.

So the hypothesis I was dealing with was incorrect. Gold assets don't have to be in production to have a value. Conversely, being in production doesn't give a value. Laura made the original claim with Lycra Boy joining in.

DYOR

Https://x.com/MetalofMilitary/status/1910385903824240798?t=kuNv__ao3l0gQvqooggwAg&s=19

DYOR

Https://x.com/allenanalysis/status/1910529534459285520?t=5h9nGY-xvpdPxUIKbv6osg&s=19

DYOR

$3,214

$3,175.60

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JFK you talk through your fundament. GGP has no production, what is it valued at?

$3,154

Looks like $3,200 incoming...

A big move for one day.

DYOR

Hey Door Post,

It would be inappropriate for the Auditors to enter in correspondence with me unless there was some sort of dispute and they wanted further and better particulars.

The AR should be out in the next few weeks, no rush. Likely they will have to make better disclosure.

I didn't indicate any value for EOC, I merely said good news. Which it is. In a recent update they indicated oil had been recovered to surface at the Naingopo-1 which was a big step forward. Previously, they had only said oil shows.

DYOR zzz

Not trying to entice anyone.

Recon has issued an update, it has implications for Elephant Oil and in turn RRR.

Same on Soma Gold, it has issued an update and it has implications for RRR.

zzzz

Https://x.com/i/grok/share/8rHy6X0fGKdGjepgO9HCiok94

DYOR

Https://x.com/i/grok/share/qcmZM4f0GNgusnQhPwVbetrgV

DYOR

Again Boring Boy, who was talking about this week? Hedges run out. It isn't transformational if oil is sub $50.

Any new production isn't hedged, as to existing production

"Given the Q2 2024 hedge of 76,000 barrels and no new hedging updates since August 2024, it’s likely this remains their active position. If applied solely to Q2, it’s 68% of that quarter’s output (76,000 ÷ 111,566), but since it extends “beyond,” the percentage drops when spread over a longer period. Without Q3 or Q4 2025 data, a conservative estimate based on their full-year forecast and past patterns (e.g.,

This is why you are such a bore Boring Boy.

Zephyr is in production and has a lot of debt to service. A drop from $70 oil to sub $50 is ruinous. The last half yearly report gave its loss as £3mil and its liabilities as £42m. At sub $50 oil it can't service its debt based on those numbers.

zzzzzzzz

Elephant is not in production. It has three sets of licences CDI, Benin and Namibia. On the Namibia licence we have the Damara Fold Belt and the Rift. If Recon says it has high confidence in its next drill in the DFB based on its results from its last DFB drill then that is good news for Elephant. Given that Elephant is not likely to be in production for two years (lets say) what the oil is now is less relevant. That something is good news doesn't mean that it is the greatest thing since sliced bread, it just means that it is good news. That Recon is encouraged by the last result and is accelerating its next drill is good news: nothing more and nothing less. Go and find a few more barrels to scrape.

I might have to start calling you TAAD.

zzzzzzz

Https://finance.yahoo.com/news/reconafrica-provides-drilling-prospect-100000161.html

Good news for Elephant.

DYOR

Https://finance.yahoo.com/news/soma-announces-acquisition-adjacent-mineral-092000645.html

DYOR

$3,121.51

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Https://x.com/paulsperry_/status/1909997777423056985?t=PCU8n1ArzDBvfBR3JzSl4A&s=19

Issues coming down the line.

DYOR