Member Info for Helpful

Https://x.com/MakoGoldLtd/status/1753182558261764197?s=20

DYOR

Https://x.com/jczuleta/status/1753350514127905113?s=20

DYOR

"reviewing opportunities in the oil and gas sector."

I wonder what that could be?

The deal-making should speed up now.

Asinine but I will play.

Mako has a licence, PR281, which it calls Napie. It has an MRE of 860k oz of gold. It has an option to buy into the licence to the north, PR850, owned by Goldridge and Carem.

The gold at Napie is the result of a shear zone, the Napie Shear Zone. The zone trends from PR281 into PR850 and into our licence application partly between the two licences and partly to the East.

Mako thinks that the shear zone extends at least 50km and wants to build a district scale gold opportunity. There is gold either side of the shear both West and East. The zone trends slightly East of North.

Mako's current work is to the West and it says it has identified a new target that trends from West to East.

To build a district scale gold opportunity Mako needs our licence (not yet granted but close).

If you look at the deal Mako has agreed with Goldridge/CAREM (all shares) you could say that it is worth AUD3.8mil based on share price of AUD1c. But the Mako share price is now AUD1.8c and so the cost of the deal is higher, perhaps, AUD 6.8mil.

Goldridge/CAREM has not done much work on its block, maybe AUD500k of work.

Part of the deal is that Mako has to execute a work programme and so in addition to the AUD6.8m we can add in another AUD5mil. So the cost to Mako might be AUD11.8mil depending on the share price when the shares are issued to Goldridge/CAREM.

So the response of the trolls was to sneer at Mako because of course it could be good news for RRR and that would never do.

Well Mako has come out with some news and is up over 100%.

The point is for RRR that we have an asset about to be issued that might have some serious value for RRR.

Fingers crossed.

DYOR

Https://twitter.com/jczuleta/status/1753257169770713117?t=saODEn8pa-DTXAAbwWvtxg&s=19

For those sneering about Mako, Kimi, up over 100% last ten days. Maybe someone thinks the news on Napie is good news?

DYOR

On another little run up, currently $2,060. If it breaks and hold north of $2,100 then it is game on.

Https://twitter.com/StockheadAU/status/1752897489328386444?t=3PT3SpHQTiqw_dXOqeG74w&s=19

On the western contact of their Napie licence so not as relevant for us but they reckon that these are new west east targets so it may become relevant at a later date once the have fully mapped then.

Https://x.com/jczuleta/status/1752726659260633375?s=20

DYOR

Agreed and now NTOG partnership over the 80,000 acres.

Whether people like it or not, it was and is a very good deal for NTOG. Now to see if they can target some decent wells.

DYOR

On another little run up.

Currently $2,053.

DYOR

Not implying anything.

DRC remains the same. One day it will be done and then a couple of days later we will get the cash. Until it is done what is there to be said? I have already posted that the Sicomines deal was before the Arbitration Court and that has now been settled.

That shows that the system is working. The Presidential Arbitration Court is a new thing and it has just dealt with a big case.

As I have previously posted and, again, people with agendas deliberately take it the wrong way: the DRC cash from the Arbitration is only $7.5mil. There is more value elsewhere in RRR's assets. My view is that Burkino Faso is worth a lot more than the DRC cash and the same with Cote d'Ivoire.

RRR has lots of assets, probably too many, and it is not a case of either/or but and....

So if we get news that another Cote d'Ivoire licence has been issued does that mean DRC is dead? No, it is just another asset with its own process and timescale. To a greater extent both Burkina Faso and Cote d'Ivoire are under RRR's control whereas the DRC Arbitration is not: RRR just has to wait.

DYOR

Https://youtu.be/HMA-bykA8v0?si=9b5XFETK2jY0dKNZ

FYI

Events dear boy, events.....

We are are well positioned in ALR. Mainly we haven't wasted lots of money on plant that doesn't work.

I would keep one eye on ALR and one on Burkina Faso.

DYOR

Billy as always the information is in the public domain but people either don't believe it or don't read it.

https://www.lse.co.uk/rns/NTOG/ntog-enters-a-strategic-partnership-7wqvxhgwit1ynzt.html

If you go on the RRC website you will see that Cypress recently drilled a well and it was a duster. This was a well that NTOG was not in, for whatever reason, maybe the two things are linked?

The 3D seismic was paid for by Cypress. Why would Cypress want to do a JV with NTOG giving NTOG access to 3D on 80,000 acres at no cost to NTOG? Answers on a post card.... The likely cost of that 3D was $7.5mil.

Maybe, Cypress wants NTOG to select the next drill sites...... well, because dusters are expensive. Drilling post 3D seismic is supposed to be like shooting fish in a barrel but apparently not that easy for Cypress.

Don't forget that NTOG has a lot of experience in the area. The Gregory well they drilled was actually a good well but the frack got messed up for whatever reason.

DYOR

Https://twitter.com/paola_rojas/status/1752440299115393199?t=cLx_mrudp5B1-8_oFm_IfQ&s=19

DYOR

*That should be Sicomines has now been dealt with.

Well according to all the trolls I live and breathe inside information and have AB jumping around on the end of puppet strings but the reality is as below.

It is in the RNSs, all you have to do is read the RNSs and listen to the interviews. I am not going to go through it ad nauseum.

The funds of $15mil are at Gecamines. $5mil has already been paid to VUP. VUP entered into a contract with Gecamines to sell JV property to Gecamines for $20mil.

The $15mil wasn't forthcoming and so VUP sued Gecamines and Glencore jointly for the $15mil not paid. Which is how RRR found out and intervened in the court case in Lumbumbashi.

RRR has had two awards against VUP; the first for 51% of the $5mil paid by Gecamines and then a damages award.

We are currently awaiting on the Arbitration Award from the Presidential Arbitration Court: Gecamines will pay the $15mil in accordance with that award once it has been issued.The award was all lined up to be issued and paid before the election, the DRC bods decided not to push it through before the election. RRR and Sicomines (a separate arbitration) were both delayed. Sicomines has not been dealt with and we should be next.

Payments under the Arbitration Award can only go to two parties: RRR and VUP. AB has repeatedly stated that RRR will not countenance any agreement outside the arbitration process. VUP cannot get its $7.5mil without RRR getting its $7.5mil.

DYOR

The money is not coming a company. It is held by Gecamines a DRC Govt Para-Statal.

DYOR

Https://twitter.com/MakoGoldLtd/status/1752463229434138825?t=4f0lU5Mnj0mINB5EjhP2kA&s=19

DYOR

Https://twitter.com/StockheadAU/status/1752110773776617689?t=tfubGTTytz1QevJY4sfgDQ&s=19

DYOR