Member Info for Helpful

https://twitter.com/FirstEdition/status/1587932373001424897?t=G-5Xczi4HdZcQDTdnp6Mfg&s=19

Confirmation of misunderstanding.

From RRR's point of view, who cares? All that matters is that it lists and that RRR has a saleable asset on its balance sheet.

Effortlessly misunderstood again....

I am not in Recon and never have been and have no intention of buying into Recon. It is called an analogue, a read across and so on.

Recon has blocks in NE Namibia and NW Botswana that cover the Kavango Basin. When they started some people were dubious about oil being in Namibia. Recon have drilled and proved a working hydrocarbon system in the Kavango Basion: they now have to find commercial oil.

In the meantime there have been several offshore discoveries offshore Namibia, so much so that they now estimate that there is 11bn barrels of oil offshore. The upshot is that Namibia is currently regarded as the hottest oil territory in Africa.

Elephant's license directly abuts Recon's most westerly acreage to the south. The size is 2.8million acres. It is highly prospective and EOC has started desktop work on the licence area. All in the S1 on the SEC website.

Recon is currently valued at about CAD720mil but has been as high as CAD1.3bn. It probably is over-valued at the moment and it has been even more over-valued.

Just factual information. No need to get wound up but when you next feel the need the say that EOC has nothing you might reconsider.

DYOR

EOC has a block adjacent to Recon Energy:
https://reconafrica.com/
Market Cap CAD752mil
https://money.tmx.com/en/quote/RECO

DYOR

The S1 and presentation is on the SEC website. Just keep an eye on it there.

https://www.afr.com/companies/mining/lithium-boss-can-afford-to-put-buyers-on-hold-20221025-p5bsnj

https://www.junominerals.com.au/investor-relations/announcements

https://twitter.com/nbgoldcorp/status/1582697642127081472?s=20&t=jYpRz6ALvpPQZCHp0QA4_Q

Check out the ECR Creswick RNS. We have land that abuts it.

Huge spread on the L2. Two MMs sitting on both the offer and the bid. I don't think I have ever seen that before. Looks like some of them don't want to make a market.

https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606

https://twitter.com/WallStreetSilv/status/1579003733387591680?t=lsOL1i8n0w7Zc4kYju5lqg&s=19

https://paolarojas.blog/2022/10/09/deposit-types-for-mining-investors-twitter-thread-unrolled/

Oil looking better.

Check out the JPM forecasts. Now Biden is running out of room for manipulation, oil is heading up.

DYOR

If you don't understand basics, you shouldn't be investing. Look up what a convertible loan note is.

https://twitter.com/susie_dent/status/1577695424361660416?s=20&t=9tXFKXnOdaaMeQCqnQ-lSQ

How is it possible to be 50% down on a CLN? If we do nothing then RRR repays us with interest at maturity.

DYOR

That reads okay.

They have the award, what they are now doing is ensuring that prompt payment is made going forward.

The liability on the extra wells means that AST's claim against the Slovenian govt will be greater.

DYOR

https://twitter.com/Ole_S_Hansen/status/1577913408875290624?t=rD7hxBhXvVgiqzYP8hRWzw&s=19

https://twitter.com/EddieZipperer/status/1577658417807859712?s=20&t=JLi3BqN95w6DBuZ40Kb9hw

The recent drop is down to Biden manipulating the price but he can't keep doing it forever: that is why the Democrats are so upset with OPEC. $100 oil incoming.

DYOR

https://twitter.com/Amena__Bakr/status/1577670454503948290?s=20&t=JLi3BqN95w6DBuZ40Kb9hw