Member Info for Helpful

Thanks

I can't find an interview from today: where did you see it?

You are obviously skilled at disagreeing with and objecting to things that people haven't said.

Elephant Oil provides RRR with a liquid quoted asset that it can sell and use the proceeds from to fund exploration activity.

You need to go back and read the RNSs re VUP and listen to the interviews. There are three elements to our situation re Musonoi and VUP. The damages, compensation and costs awards. The $15mil still at Gecamines. The claim against Glencore. VUP was suing Glencore and Gecamines jointly for the $15mil. Glencore had paid the $20mil to Gecamines and for some reason Gecamines only paid over the $5mil to VUP. The court has held that the owner of the assets (Musonoi plus two other licences) was the JV not VUP.

It is not that difficult if you stop making stuff up.

DYOR

More drilling is always required except in the case of failure.

Potentially there is a large resource at Migori. To prove it up needs drilling: it is how exploration works.

The value has already been crystallised in DRC. The crystallisation happened when Glencore entered into the transaction with VUP. What is happening now is enforcing payment from VUP and /or others in respect of the award, dealing with the $15m still at Gecamines and then Glencore. The claim against Glencore will be for hundreds of millions.

DYOR

I thought that was pretty clear. AB said there was more gold and there is. Time for RRR to get a partner at Migori.

DYOR

Maybe so but no one else is going to get a result in DRC and thereby enable us to progress against Glencore.

When you get awards for compensation, damages and costs particularly for large amounts you should expect the other side to do whatever it can to wriggle out of the awards. Eventually that process times out. Eventually the other side has tried everything and has nowhere else to go but pay up.

Once the first step is out of the way there is the matter of the £15mil still at Gecamines to be dealt with and then the situation with Glencore to be dealt with. Each is a process and we have to go through the process step by step.

I think AB is best equipped at this time to get RRR through the processes successfully.

Once DRC is dealt with then the rest should become clearer.

DYOR

They have to complete the well, perforate two intervals, fit all the well head kit and run a 200 yard flow line to the Fouke #1 battery farm and then hook it at that end. So not a huge job but enough to take a couple of weeks or so.

So I expect that they will be starting to flow it around now/over the weekend.

The big issue is, will they go back to RRC and apply to have the flow restrictions removed on the Fouke field? Strand wouldn't be too happy and would likely object.

DYOR

https://www.junominerals.com.au/cproot/1074/3/2355340.pdf

Mount Ida Magnetite Project (Mount Ida)
With a renewed interest magnetite iron ore, Juno commenced a review on the Mount Ida Project. The Project in on
a granted Mining Lease, has significant tenure for infrastructure, and expansive water exploration licences over
areas prospective for good quality water. The Mount Ida Project remains the largest magnetite resource and most
technically advanced magnetite project in the Yilgarn.
Juno intends to progress the completion of the Feasibility Study on the Mount Ida Project, with the objective of
developing a long-life magnetite mine

Juno half year report.

DYOR

Further confirmation that you are a nasty little individual with a fixation.

Why not tell everyone about all the ramping you were doing 10 and 12 years ago when you thought that Andrew Bell walked on water?

Not much to said at the moment, we are just waiting on a few things dropping into place shortly. We all know where we are up to. AB gave an interview the other day explaining the delay on Kenya and where he is up to on other stuff.

On Kenya he says he is actively looking for industry partners with standing: he thinks Kenya is a Tier One asset. That should tell you that Kenya drill results are good.

DYOR

It doesn't work that way.

The company looking to list submits an S1 to the SEC. They have 30 days in which to reply with queries. The responses go back and they then have 10 days in which to respond. So this happens maybe 3/4 times. Once SEC signs it off then the company does the 2 say online road show, the money comes in the next 2 days and it lists, So once SEC signs it off it takes a week. But until SEC signs the S1 off no one knows. They have a likely window but until it is done, it isn't done. I would hope that it is done by the end of the this month. Originally, it was targeted for September last year, so it has taken a while.

https://sec.report/CIK/0001865833

DYOR

Morning Troll, you don't understand do you?

https://twitter.com/Amena__Bakr/status/1501510641693216772?t=4vfHJzGFiACoDc6QDDbdeA&s=19

https://twitter.com/TopTradersADVFN/status/1501227432602644480?t=luo8d62CM84rIB9tJSuDWg&s=19

Looks like the perfect storm for the Elephant Oil listing.

If you get a smart phone or a computer screen you will be ale to check the share price and the volume traded.

You could have bought these at around 0.25p in the last two years on more than one occasion and now sells are going through north of 0.6p. That is a pretty good trade but nothing has happened.

Over the last two years the company has announced it will do things and then it has done them but your response each time is: it won't happen. But when it does happen, your response is; nothing happened.

You could have made money here and didn't; there is only one person to blame and that is the person that stares at you in the mirror.

DYOR

No one is interested in what happened over 13 years. What matters is current production, current oil price, current cash flow. Is there a need for a fund raise, yes or no? Is the company under valued?

WTI $124.46 at that price NTOG is banking serious cashflow. It is likely the current FCF is around $500k pm. But you want to bleat that you got it wrong 13 years ago and ML done you wrong. No one is bothered about how much you lost and when. You have missed the boat, you should have bought in when you could.

DYOR

https://twitter.com/NTOGplc/status/1501189614823956480?s=20&t=0pHGJN6dr33Jtm8sjdPZbQ

Once it gets paid 0.75p there should be some warrant exercises: that means more cash for the new drills.

https://twitter.com/energyintel/status/1501147155612028928?t=nR0KRCFMK_EaXntQyE1Hog&s=19