Member Info for Helpful

https://www.junominerals.com.au/cproot/1085/3/2392553.pdf

Updated presentation.

"Mount Mason DSO Hematite Project is a near term project, targeting production by early Q4
FY2023, subject securing logistics supply chain and Board FID"

"Mount Ida will be progressed once Mount Mason
is in production"

https://www.anglopacificgroup.com/proposed-transaction-for-the-acquisition-of-50-of-the-mount-ida-magnetite-royalty-from-red-rock-resources-plc/

"The acquisition will total US$14 million paid in three instalments as follows"

Either Juno is vastly undervalued or RRR did a fantastic job selling part of its royalty to Anglo Pacific.

DYOR

What was in the RNS was an extract.

I tried to download the actual accounts on Friday and for some reason it wouldn't let me. Frothy was complaining that the accounts weren't on the website and that the RNS had mislead people.

Anyway, bottom line is that what he was supposing to be true, wasn't and isn't.

DYOR

Accounts are now on NTOG's website.

https://assets.website-files.com/5b23c85734093981f668c6d2/62a30ae00b73710ff933e09c_263670%20NTOG%20-%202021%20Results%20(WEB).pdf

Note 1 is accounting policies
Note 2 is critical accounting estimates.

So nothing to do with what Winnifroth was alluding to. Hopefully, someone sues him one of these days and takes him to the cleaners. Unfortunately, this sort of behaviour is part of his (failing?) business model.

DYOR

I agreed with you.

The issue is that Cypress is in no rush and ML wanted to drill more wells. Plus the difference is only there if NTOG produces the Fouke wells at the higher rate.

There is more acreage that Cypress might want to JV at Pine Mills. Cypress has the 3D not NTOG: the 3D is expensive to license.

DYOR

I agree but Fouke #3 & #4 are not under NTOG's control. Cypress is the operator of record and they call the shots. Cypress will drill when they are ready and not before.

https://twitter.com/aeberman12/status/1534874808235839494?s=20&t=WVt-ubQLUoHZyr23e_fSdA

WTI $120.43

Not humble just the truth. I have no issues with dealing with the truth, favourable or otherwise.

It might be in layman's terms be a duster but it isn't. SWD are valuable. If you do a search for SWD for sale you will see that depending on the details they can be worth a couple of million dollars.

This doesn't affect the reservoir and there are plenty of other locations to drill. I expect NTOG to now come forward with plans for the next drill once they have reviewed this well and what went wrong with the frack. What they saw on the wireline logging looked very good and will help with planning for the next well.

I suspect it will be a couple of months before they convert it to SWD.

https://www.buyswd.com/

DYOR

Newbies! Funny.

If I was in the know I wouldn't have been able to trade.

Unfortunately, I bought 1.75mil at 0.57p. Being greedy but it looked like a good price at the time. The way it goes. I will still get out at a profit but I might have to hold for longer than I intended

WTI solidly past $120 now. Eventually that will translate into a higher price.

DYOR

They will use the well for SWD which is needed but not planned for at this time.

It will reduce costs on the existing Grant production. SWD has become a lot more expensive.

https://www.home.saxo/content/articles/commodities/crude-oil-whats-next-after-china-inspired-jump-08062022

It is not a duster. The water ingress is pressurised and they can't shut it off. It may be possible to shut the lower perforations off with a mechanical bridge plug and a cement plug on top.

Disappointing.

Not great. Hence the selling last week. Looks like someone knew.

Well he is in DRC at the moment.. but who knows? Three separate issues; the damages against VUP, the settlement with Gecamines/VUP and the claim against Big G. The first two could be relatively quick but the last one will take longer.

These things always take longer than we would like.

DYOR

Metals prices matter a lot. Good/high prices mean that the IRR on projects makes them fundable with bank debt. Listen to the interview with the guy from Altius I posted the other day. He was saying that at $4.00 a pound for copper new mines did not make economic sense and that the copper price needed to be $8.00 a pound.

High prices for metals means that partners will come looking for JVs and predators will look to buy out companies. Look at what happened with Big G and Musonoi or Nzurri Copper and Kalongwe.

Lastly, it makes a difference to our potential claim against Big G. Our potential loss is one figure at $4.00 a pound and a different one at $8.00 a pound. Potential as in we haven't made it yet but before people start hyper ventilating.

At $4,000 a tonne not much is happening with copper but at $20k a tonne, now you are talking. $20,000 is where the Altius guy reckons it is going.

400,000 tonnes of copper at $20,000 x 50.1% is a big number. That sort of number is the starting point for working out what the potential claim might be. It doesn't mean that is what the claim will end up being or that we will get it but you have to start the calculations somewhere.

DYOR

https://twitter.com/JunoMinerals/status/1534072313632595968?t=zSHpAxRq--SJ_ZwoZ7r7Sg&s=19

https://www.londonstockexchange.com/news-article/NTOG/permian-basin-grant-east-1-well-spud/15433382

45 days is 12th June. 5th June is mid-way between 28th May and 12th June

DYOR

https://openinsights.substack.com/p/what-not-to-say-at-polite-dinner?utm_source=twitter&sd=pf&s=r

Top of the morning to you..

https://www.thetimes.co.uk/article/heres-the-crux-of-the-crisis-we-in-the-west-are-running-out-of-energy-7dk26c200

https://youtu.be/t6CYKpobPQY

Copper going a lot higher.

DYOR