Member Info for Helpful

https://www.somagoldcorp.com/projects

Soma have said that they will bring El Limon back online Q1 but who knows? Unless El Bagre is at full capacity, I can't see them bringing El Limon online. Having said that, the new management do seem to know what they are doing.

DYOR

https://twitter.com/Ole_S_Hansen/status/1598243549627453440?t=5d4dlvus9Xp5Dut4qu7YRQ&s=19

https://www.newswire.ca/news-releases/soma-gold-releases-2022-q3-results-859116238.html

https://twitter.com/DavidBurton1971/status/1597868676426141698?t=4m8QFvOPEJz_akiWVrDtjg&s=19

https://araca.no/news/details/araca-energy-asa-results-of-the-annual-general-meeting-on-the-28th-of-novem

https://jusmundi.com/en/document/other/en-rockhopper-exploration-plc-rockhopper-italia-s-p-a-and-rockhopper-mediterranean-ltd-v-italian-republic-press-release-of-rockhopper-exploration-plc-on-outcome-of-arbitration-wednesday-24th-august-2022

"One of the most significant outdated aspects of the treaty is the instrument of investment dispute resolution, which allows investors to take a signatory to international arbitration bypassing regular courts."

Slovenia not happy about the case being heard in a court it does not control.

https://www.brickcourt.co.uk/our-people/profile/klaus-reichert-sc

Chair, Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration Plc v. Italian Republic (ICSID Case No. ARB/17/14)

https://www.italaw.com/cases/5788

https://rockhopperexploration.co.uk/2022/08/successful-arbitration-outcome/#:~:text=The%20arbitration%20panel%20unanimously%20held,be%20annulled%20in%20limited%20circumstances.

DYOR

https://twitter.com/graddhybpc/status/1595360297363054592?t=MMl1ywtakV8uyaRWgwm41Q&s=19

No, the commodities upturn has been delayed, nothing to do with RRR.

Just look at how the oil price has been reacting to every little update on the COVID lockdowns in China.

AB has told you all exactly what the delay is in DRC. It will get signed but the wait is painful.

Anyway Trolls, don't prattle on at me, read the two posts stating how well they did out of RRR selling all those years ago.

As I said part of the issue was people were buying in off the back of how well RRR had done and AB could do no wrong: well things changed and people got upset.

They got their timing wrong.

DYOR

I am sorry Billy but you have issues.

You were wrong on the inflation rate and the interest rate on the debt. Regardless of the interest rate, the real value of the debt is being deflated by inflation.

I showed that the actual interest rate as disclosed in the half year accounts was less than the inflation rate. Try reading the RNS with the accounts: it is all pretty detailed. I gave the links to the information but maybe you know better and don't need to actually read information.

No ramp just factual: just read the accounts.

The interest charge is practically nothing in the scheme of things. NTOG should be taking on as much debt as it can, as long as it is spending the funds on half decent assets: they don't even need to be decent assets.

https://twitter.com/RealPeterLinder/status/1594848269452349442?s=20&t=r3W_KiDZYbOVy-iKNA8qhQ

As before, I prefer NTOG buys assets where there are workover opps: messier but less risky than new drills. I know why CEO's like new drills but risking $800k on a new drill that then goes wrong because someone messes up the frack too much of a big bite, in my view.

New drills are less attractive because it is hard to get hold of rigs and consequently they are more expensive than they used to be.

DYOR

https://twitter.com/RealPeterLinder/status/1594848269452349442?s=20&t=r3W_KiDZYbOVy-iKNA8qhQ

And this proves my point 11/12 years AB was a superhero for those that got in earlier and sold at or near the top.

As these guys were selling, someone was buying. Some of those that were doing the buying are amongst those that troll RRR 10 and 12 years later. You know who you are.

Timing matters; both company specific timing and sector timing. 12 years ago the sector was about turn down but it didn't happen overnight: it took about two years.

The upturn here has been delayed by COVID but that will work through the system.

DYOR

https://twitter.com/RRR_RedRock/status/1594783701749370881?t=N-Z-cJ2xf6EbdmSEdoX1Dw&s=19

Alexa, show me how in two posts someone can prove that they:
1. Don't understand Ceteris Paribus
2. Have no understanding of inflation in theory and in practice
3. Have no understanding of basic economics
4. Don't understand much about the company about which they are posting

Congratulations Billy, you beat Alex to it.

The annual inflation rate for the twelve months ending October 22 in the US was 7.7%.

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/#:~:text=In%20October%202022%2C%20prices%20had,data%20represents%20U.S.%20city%20averages.

Finance costs at the last half year were $49k ie., about 4.45%,

https://www.londonstockexchange.com/news-article/NTOG/interim-results-for-the-period-ended-30-june-2022/15651448

So the interest rate we are paying on the WAFD facility is less than inflation, not more. At that rate of interest NTOG should be borrowing as much as it can and buying producing assets.

Lets suppose the current market price per flowing barrel is $35,000, that NTOG can 100% debt fund it, NTOG interest rate is 4.45% and it can sell a barrel for $80,so $60 of lift costs and $40 net of mineral rights share. So

Annual interest charge is $1,557.50
Net to NTOG of 1 bopd is about 365 x 40 = $14,600
Plus the real value of the debt is being reduced by about 7.7% pa.
Net of the interest charge we are looking at $13,042.

So if NTOG can buy production plus some PDNP, PUD and some workover opportunities at less than $35k per flowing barrel it should do so. It can repay the debt out of cashflow in less than 3 years.

DYOR

Could be but TOMCO value is not great unless; they can fund the completion of the purchase for the land deal (Tar Sands II) and fund the deep drills and fund a plant using the PQE technology. The Araca deal makes me think that TOMCO is close to completing the funding.

I did suspect that Valkor would reverse its Utah assets into TOMCO at some point but that deal is now the Araca deal.

It might be that TOMCO doesn't go ahead with a funding deal for a PQE plant now but it still needs a lot of cash for the Tar Sands deal and the deep drills. If it went down that route, presumably it would look to fund the PQE tech plant(s) at a later date.

The guy who looks to have done well out of this is Steve Byle at Valkor. Lots of fingers in lots of pies.

DYOR

No point in Araca doing the deal unless it has good visibility on funding. If they can fund a plant(s) then so can Tomco.

DYOR

https://twitter.com/TereaAfrica007/status/1594229457509879809?t=t7Y-FpKxg62NeGu1T87zUg&s=19

https://twitter.com/globallithium/status/1593990522397495297?t=hd-6KikjmurBe1t8yNwa3Q&s=19