Member Info for Helpful

https://twitter.com/benchmarkmin/status/1600432841820495874?t=MikW6ktq8bCA9juYir9onA&s=19

Another one that makes stuff up. You, quite clearly, are not familiar with the US listing process.

Fingers crossed.

I had information I could post. I posted it within minutes of it being in the public domain. Either there is no other information or the information cannot be put in the public domain or information could be posted but people would say it was boring. How about analysis saying that Lithium is going past $90k?

This now means that EOC is a lot closer to listing.

DYOR

S1 and Free Writing Prospectus updated

https://www.sec.gov/Archives/edgar/data/1865833/000121390022077776/fs12022a4_elephantoil.htm#T8

The $8.5mil is the minimum that needs to be raised: this is a NASDAQ requirement. EOC can raise more than the $8.5mil but not less: the lower it is, the easier it is to get EOC listed. It also means less dilution for existing shareholders.

Getting closer.

DYOR

I forgot to say, where the management team is hated probably helps to make money. The long term investors have something called Cognitive Dissonance: holding conflicting thoughts simultaneously.

For instance a company can be undervalued, fairly valued or overvalued. Where the management is hated, the company tends to be seriously undervalued. The critics acknowledge it in their diatribes but don't follow the argument through. Example, "this company would be worth x times more if the management was replaced". What that implicitly means is that the assets are undervalued. I don't want to buy fairly valued or overvalued assets, I want seriously undervalued assets. In my view, the assets here are undervalued and the legal cases are not being properly valued.

Lets suppose that this workover on the gas well works and they agree that they are entitled to the income on the other wells. Lets suppose that that works out at Euro400k pm (I think it will be more). Lets suppose overhead is Euro2mil pa. That gives an EBITDA of Euro 2.8mil. 9 times multiple gives an MC of Euro 25.2mil.

That means to me that there is upside in the assets and the legal cases are in for free. Currently, the management is hated and I can understand why. Some of it has nothing to do with AST but to do with Sound and Coro. That tells me that if this comes right there is decent upside here.

For completeness, I mentioned RRR and legal cases in DRC. https://www.proactiveinvestors.co.uk/companies/news/1000185/glencore-pays-large-sum-of-money-into-drc-to-settle-corruption-claim-1000185.html?viewSource=TwitterUK&s=08

DYOR

Not sure that any of that money will come our way: it is a settlement between Big G and DRC. We know that the VUP, Gecamines, Big G transaction was one of the transactions that the DRC was pursuing.

Obviously, I don't know but it looks to me like Big G's possible defence is getting weaker as time goes on. If they have admitted that this was one of the corrupt transactions then where does that leave us as the party that was defrauded?

Given the choice between pursuing Big G for a really big number and settling now for just a decent number, I would take the latter.

We just need this Arbitration finally signed off and then we can try to make progress with Big G. Eventually all these things time out, hopefully we are very nearly there.

DYOR

https://www.proactiveinvestors.co.uk/companies/news/1000185/glencore-pays-large-sum-of-money-into-drc-to-settle-corruption-claim-1000185.html?viewSource=TwitterUK

Kashdog,
Well I don't post on everything. Some positions are a quick flip when news comes in: Angus went in at 1.25p and then sold at 2.25p, I will probably go back in shortly. Been in and out several times. I watched this company for five years before doing anything.

Mainly what I want is a clear event that will move prices up substantially. Here it is movement on the legals: I am not interested in the ESG stuff. In my view the reprocessing of tailings can be good money but it is not going to give a 2x3 uplift. Work out the numbers on the legals. Regardless of what is said here, there is a clear process to go through. Enyo being on the Slovenia dispute is a big tick in the box. AST now has the funds for the case fees on the LAC Arbitration hearing. In my view, Geo were not ever going to agree a deal whilst they weren't sure that AST would have the monies to pay the court fees. It is now clear that AST will be able to pay the court fees; likely Geo will be more amenable to talking about giving a binding undertaking but who knows?

Same with Tomco; they need to get funding sorted for the Tar Sands II gig. If they can and it does look like they are getting closer then their share price goes up considerably, The last RNS gives the impression they are close to a JV deal where they get carried. The numbers on the Petroteq plants are huge, if they can be funded. Petroteq, Tomco, Valkor, Netoil, Cantone and Araca Energy all think that the tech works but no-one has funded a plant yet.

Red Rock has some good assets but is skint. Its best asset was stolen from it and sold to Big G for $420mil ish. It has a number of claims, the first one for $7.5mil ish should finally be signed soon but that has been the case for a few months. Its big claim is for a minimum of 50.1% of $420mil less $20mil but could be as high as $4bn (they will need to take forensic advice).

I have made good money on NTOG several times and will do so again. Oil is heading higher on a six month view and NTOG is a producer, is cash flow positive and except for CAPEX would be profitable. It is an ideal vehicle for someone to reverse some good assets into.

Same with Block, made good money there. Funded the CLN, converted on IPO was selling at 14p. Transformational news on the way in.

Just because the mob has lost money doesn't mean that money isn't made. Best to take placings and/or CLNs and time your sales. I have four shells coming up shortly that will give me good exits. Taken too long but the way it goes.

Been in and out here. Currently in. And I dislike people just making stuff up and then using to run down companies I am invested in. IMHO most people should not be investing because they really don't understand what they are doing: which is why the get so upset when they lose out.

DYOR

https://twitter.com/TereaAfrica007/status/1598963871351455745?t=UalU15voXOVCh9MOLXIEgg&s=19

Kimi, you have already proved you can't read, several times, no need to do it again.

Specie, you are closer to the truth than these (insert whatever derogatory name is appropriate). None are capable of joined up thinking.

If RRR has no money what would happen if we replaced AB (if we could).
1. the current settlement in DRC that is being worked through would be lost
2. the Glencore action would disappear
3. one complaint is that RRR is a "one man band", so what happens when you get rid of the one man in a "one man band"
4. the first thing a new ceo would do is clean house. He or she would write everything down as much possible, do a fund raise to wipe out the existing shareholders, issue him or herself a new monster option package at the new wiped out price and then say it was all AB's fault. How do I know? It is standard ceo practice. AB issued himself options at 2p a while back. A new ceo doesn't want options at 2p and 3p; they want them at 0.45p and lots of them please.
5. The last thing we need is a new ceo. We need an expanded team but that can only be funded when the DRC settlement is in.
6. the big upside is the Big G action. So how does that work? Hey Andrew, I know we just binned you but we would like to work with us for possibly the next three years on a ex gratia basis to pursue Big G. Oh and by the way, you get all the blame, the new ceo gets all the credit and makes bucket loads out the options issued at a crashed price and you have just lost all your options because we binned you.

Get real. This why people on AIM lose money. Emotions get in the way, positive and negative. This is about money not an agenda. AB is key to making money here: it can't be done without him

DYOR

Hold on to your hat, the FIVE-OH won't be happy about me answering questions now he has sold his shares.

The El Limon mine and plant has been in production in the past and as was then Para Resources have paid back loan notes and paid some of the royalties but not much. The total amount due on the Royalty is a little under $3mil.

The new management that took over from Para after they messed up in Arizona, brought in new assets: El Bagre and Operdora. They stopped production at El Limon and local production from unauthorised miners was switched to El Bagre. The new management reckoned that the El Limon mine was inefficient and needed a new winch, new shaft and new access.

The most recent statement on El Limon was that they would bring it back into production in Q1 23. I have not seen anything really recent that updates that statement. They had a strike recently and that may have slowed things down a little bit. Soma are on Twitter, it is worth following them on there.

https://twitter.com/SomaGoldCorp/status/1526507849966297088?s=20&t=gqvEeAx9O7gRL0N1bNcsLA

From May 2022

As I said, I think that they need to bring El Bagre up to full production before restarting El Limon but there is plenty of gold at El Limon and close to it.

DYOR

https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/21

Proof that Enyo Law is acting.

DYOR

https://www.enyolaw.com/cases/32/enyo-law-acts-for-ascent-resources-plc

https://twitter.com/HedgehogTrader/status/1598392576788365331?t=WUcPfMnJNi4vIV9cXcONhg&s=19

https://twitter.com/Borg74/status/1598382359761784832?t=W518ZOHGiyoTXmgHMsicwg&s=19

Unfortunately, this board and most BBs are full of idiots.

I was asked a question and I responded. Hawaii you are included in the aforementioned.

Try reading what I wrote. There was no promote or ramp or anything. Since when is the phase, "but who knows?" rampy?

The $3mil royalty from Soma is a RRR asset; when will royalties resume? I don't know, I doubt that even Soma knows. Currently, they say production will restart Q1 23: will it happen? No idea.

Clear enough for you now?

DYOR

Hottie, on every board there is someone who has a grudge because they lost money and consequently are numb to any information: your position is not unique.

Slovenia: Enyo Law have taken the case on a No Win-No Fee basis. The costs will likely be north of £5mil. Enyo won't carry that risk, they will have laid it off. Somewhere, someone with far more knowledge and information than me or you has taken a view and is prepared to write a fairly large cheque on the basis that they will make it back plus a big profit. Nothing to do with dangling anything.

The rest, who cares? You have no way of forming a better view than anyone else. Lets suppose, that the ESG "baloney" is baloney, again, who cares?

Get Geo to make the payments on the monies that they have agreed are owed and that is good enough. Get a result with Enyo and they have walked on water. The rest is de minimis and not relevant.

Getting Geo to make the payments it has agreed are owed plus the amounts due on the other wells is about Euro 4mil pa. That is more than good enough.

DYOR

Unless your assertion that it is a business going nowhere fast is incorrect?

Maybe this is the quiet before the storm.

https://continentalip.ch/cip.asp